Ray's amnesty page
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
You'd laugh If I told you I got over 40 pips shorting EJ on M1 (rofl)
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I'd be happy for you.....40 pips. 4%?
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On another note, you wrote a post suggesting the other 900 (or however many there are) members who don't share their thoughts experiences and success or failure ought to keep a journal page.
Pity they dont. Perhaps they didn't see the msg. Would you be able to email everyone in bulk and remind them of the site?
If they have got tired of forex then of course that's another story, but I bet there are dozens who use the system but dont share it with us here.......
----
On another note, you wrote a post suggesting the other 900 (or however many there are) members who don't share their thoughts experiences and success or failure ought to keep a journal page.
Pity they dont. Perhaps they didn't see the msg. Would you be able to email everyone in bulk and remind them of the site?
If they have got tired of forex then of course that's another story, but I bet there are dozens who use the system but dont share it with us here.......
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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Eventually closed that trade manually, gave up hope of a suggested tz1
Must have made 6% ROI on trades closed on Wednesday
Keep sending them
(hug)
Must have made 6% ROI on trades closed on Wednesday
Keep sending them
(hug)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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Friday morning
It's a mess, and I had 2 consecutive rents between 7 and 8
I'm attaching m1, which shows the wild ranging but I traded in m5
Lesson may be to do with height of aim boxes
best to stay and let the thing sort itself out today, the m5 alligator is asleep
It's a mess, and I had 2 consecutive rents between 7 and 8
I'm attaching m1, which shows the wild ranging but I traded in m5
Lesson may be to do with height of aim boxes
best to stay and let the thing sort itself out today, the m5 alligator is asleep
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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I started by getting chewed in the nuts with whipsaw this morning, and was not a happy chappy just before going for a blood pressure reading!
But I've had three winning trades still which put me 1.5% up on last nights closing balance
The circumstances of the last session which in less than one minute made me 25 pips were that my trade manager, which looks for 6 pips (unless I stretch the TP), hadn't kicked in before the price fell out of bed. At least the trade was in my direction. I wonder if any of the others of you got rich in that little bit of action?
As Immy would so often say, 1.5% a day, anything in the region of 0.5pc plus, is still bricklaying!
But I've had three winning trades still which put me 1.5% up on last nights closing balance
The circumstances of the last session which in less than one minute made me 25 pips were that my trade manager, which looks for 6 pips (unless I stretch the TP), hadn't kicked in before the price fell out of bed. At least the trade was in my direction. I wonder if any of the others of you got rich in that little bit of action?
As Immy would so often say, 1.5% a day, anything in the region of 0.5pc plus, is still bricklaying!
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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Probably that was my last trade for this week. 0.5pc in less than 5 minutes. on m5 rules this was neither setup1 nor 2 but met the conditions of an 'add on' due to a fractal break. It was probably legitimate in m1 which I was using to time the entry. In the middle of this trade my laptop froze and it took me 10 minutes to reboot, during which time it had closed me out in profit but I didnt have the time to manually move TP or SL for a better potential outcome. I am of the belief now it isn't silly to run two computers just in case!
Looking back on the week I will declare a profit in region of 8 per cent return on capital
Not bad but not as good as it could have been either. It's still bricklaying.
I think I made mistakes on Wednesday, which were a combination of
1) not waiting to confirm a fractal breakout properly before trading - the entry price was too near the top of the box, and the market saw that as resistance and 'respected' it and went back down to SL.
It seems to pay to give it a bit of leeway and see at least 0.5pip breakout plus spread so say 2.1pips
2) stretching the Stop Loss. I have a silly habit of doing this which redeems me 3 times in 4 if and only I think I'm staying with the trend in a higher time frame. I met my nemesis twice this week when the market actually was on the turn.
Today I made the mistake of staying away for a couple hours after 2 stop losses, and if I'd taken the 3rd signal I would have been ok.
Have a good weekend folks, I wish more of you would write up your journals, to share your experience of winning and losing, which is all part of the journey towards overall success......
I'm so glad it's the weekend. Chance for a good break. Brokers might close down on mt4, but remember none the less that currency is still in use and there is a market which never stops whatever the time.....xe.com is a useful place to keep an eye on any developments, these may also foretell a gap up or gap down when the mt4 brokers get started again eg 2200GMT Sunday night.
Looking back on the week I will declare a profit in region of 8 per cent return on capital
Not bad but not as good as it could have been either. It's still bricklaying.
I think I made mistakes on Wednesday, which were a combination of
1) not waiting to confirm a fractal breakout properly before trading - the entry price was too near the top of the box, and the market saw that as resistance and 'respected' it and went back down to SL.
It seems to pay to give it a bit of leeway and see at least 0.5pip breakout plus spread so say 2.1pips
2) stretching the Stop Loss. I have a silly habit of doing this which redeems me 3 times in 4 if and only I think I'm staying with the trend in a higher time frame. I met my nemesis twice this week when the market actually was on the turn.
Today I made the mistake of staying away for a couple hours after 2 stop losses, and if I'd taken the 3rd signal I would have been ok.
Have a good weekend folks, I wish more of you would write up your journals, to share your experience of winning and losing, which is all part of the journey towards overall success......
I'm so glad it's the weekend. Chance for a good break. Brokers might close down on mt4, but remember none the less that currency is still in use and there is a market which never stops whatever the time.....xe.com is a useful place to keep an eye on any developments, these may also foretell a gap up or gap down when the mt4 brokers get started again eg 2200GMT Sunday night.
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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Monday I wasn't around, and looks like I didn't miss anything (on EurUsd) although other pairs might have been more active.
Tuesday morning. Just a quick scalp before shaving (lol). I should have stayed in this trade a lot longer, but fear got the better of me, eg the ADR from yesterday was low, and some of you know I'm happy to keep taking 5 or 6 pips every time anyway
Tuesday morning. Just a quick scalp before shaving (lol). I should have stayed in this trade a lot longer, but fear got the better of me, eg the ADR from yesterday was low, and some of you know I'm happy to keep taking 5 or 6 pips every time anyway
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."
[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
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
Well Played Ray! keep it up!wiseambitions wrote:Monday I wasn't around, and looks like I didn't miss anything (on EurUsd) although other pairs might have been more active.
Tuesday morning. Just a quick scalp before shaving (lol). I should have stayed in this trade a lot longer, but fear got the better of me, eg the ADR from yesterday was low, and some of you know I'm happy to keep taking 5 or 6 pips every time anyway
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
will anyone agree with me that the last couple days (EURUSD) has introduced a magnitude of volatility we havent seen for about 6 months?
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."
[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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Jittery conditions continue. I'm out of range of pc and that might be best.
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."
[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."