Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
wiseambitions wrote:Yes I have been fortunate getting out of one or two trades profitably lately
My Aims trades have given me over 20 pips today net profit, which as Immy would say (for himself) is enough to keep the jobs away. A few more weeks, perhaps say 3 months, like this and I'll definitely see a better lifestyle in trading Aims than in running other business.
It is amazing that this seems to be a system which in the context of 2 or 3 days recovers all its drawdown and puts one in profit. That's because I'm comparing this with other strategies (including robots) sold as 'effortless' which I fell for in my journey to a reliable system, and which have a nasty habit of depleting one's account rather sharpish.
Future millionaire - pip by pip. ........ building with bricks which get bigger as we go along....
AGREED!
And Trading with Robots! [-x [-x [-x I hate those robots... I don't think they work and I also believe that what ever they make , they will eventually give back. You need to have fast connections and fast executions and a team of coders behind a robot to constantly monitor it and keep it on track. Now you can do that manually anyway!
may the pips be with you!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
I have found the market a bit treacherous the last couple days. Been away from screens too and missed opportunities. But there's another day.
As with Dave I think I need a pre trading routine. To remind myself of rules. To stop me acting intuitively on impulse. To wait for the signal. To exit losing trades. Not to be greedy and not to trade in revenge. Also need patience, quickly. There's something safer something magical about waiting for the first frexctal break after price gets out of alligators mouth.
I like the quick scalps for 6 pips but only when the stop loss ratio is acceptable - aims box must not be high
Good luck fellow traders
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
A couple quick scalps worth nearly 12pips to me this morning
What I did was watch for DA on m1, with eye on M5, and with instant execution waited for price to emerge from top of m5 aims levels, retrace 2 then pull trigger.
One deal took 3 minutes and the other 4 minutes to get me 5 and 6 closing at 0952 and 1142GMT
If I could get 12 pips a aday for the rest of 2013!
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
how do you manage to get out of these trades ?? A candle pattern or just when you reached 5 or ??
If I did something like this, best would be BE, I'm sure.
1800 GMT. What an afternoon! I can't fathom out whether we had a w3 up and then a w4 retracement and may now be entering a w5, or something different
However if it is a w5 tonight, and seeing 80pc of wave 5s go to 61.8 extension, the target for this would be only about 5 pips short of 1.34
I haven't got a clue what's happening though!
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
immy wrote:When In Doubt STAY OUT! ....................Bill Williams
ok, I'm in long, might have missed the top a few minutes before 1900GMT, but I'll lift my SL to at least BE and see what happens next
1.3995 is 61.8 I've TP'd it at 1.3990
2055gmt perhaps I was too greedy, the market is going sideways now
Last edited by wiseambitions on 17 Jan 2013, 20:55, edited 1 time in total.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
that was a good result Immy, if you caught that wave
Thanks for all the inspiration you give us.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
