Ray's amnesty page
-
Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Ray's amnesty page
In the morning it seemed that this might be a good day after the price broke previous range. But news changed everything and price is back in range. At least I don't dare to trade. Time to do something else
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I agree. And I hope the conditions in which we operate have not changed permanently. I have read articles saying this crazy volatility would come and hurt us. I can't tell you how many consecutive losses I I have been hit with. Oh we r meant to call it rent. But I did make six pips this morning before going out. I agree that its safest to stay clear. Especially of the ny session.Tomi wrote:In the morning it seemed that this might be a good day after the price broke previous range. But news changed everything and price is back in range. At least I don't dare to trade. Time to do something else
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."
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Ray's amnesty page
The structure of the market has not changed, Ray. Don't get down on yourself just because price has been stuck in a range for a couple days. Remember your good results, only take good setups with fresh crosses and price leaving the alligators mouth, trade into clear space, keep your losers small and when the breakout happens again you'll be on board and reeling in the pips! There has also been considerable volume on EURJPY this week so if EURUSD isn't trending then have a look at a pair that is.
Just my two cents.
Dave
Just my two cents.
Dave
Now, I choose to make a profit in trading.
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Thanks Dave. I think it is actually the higher tf charts likeh1 worse affected,
FRACTALS AT TOP AND BOTTOM OF SAME CANDLE OUCHHHHHHHHHH
Maybe m1 would still have been ok and m5 ti a lesser extent although it needs the stops carefully imposed. I haven't looked at market dynamics volumes or news but it has been jerky to say the least
What still surprises me is that volatility in 2012 was perhaps less than usual. Robots like million dollar pips were inactive because they needed 20 pips quick spikes to kick in, awaiting retracememts,, however they would have kicked in several times already in the last ten days. Important to be right side of these fast movements.... which hopefully will usually be in direction of Aims trades taken......
FRACTALS AT TOP AND BOTTOM OF SAME CANDLE OUCHHHHHHHHHH
Maybe m1 would still have been ok and m5 ti a lesser extent although it needs the stops carefully imposed. I haven't looked at market dynamics volumes or news but it has been jerky to say the least
What still surprises me is that volatility in 2012 was perhaps less than usual. Robots like million dollar pips were inactive because they needed 20 pips quick spikes to kick in, awaiting retracememts,, however they would have kicked in several times already in the last ten days. Important to be right side of these fast movements.... which hopefully will usually be in direction of Aims trades taken......
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 attach a chart of the kind of things which happened Friday, particularly around 1100GMT when the euro had a sudden impulse move, for a reason I never did inquire.
It was an 'up' day of course, with new heights reached, however I am doubtful whether it was easy if at the screen to make decent money.......
however I was pleased to overcome a setback and end up with about 20 profitable pips by the end of London trading.
We know what went on with the Yen this week, and actually another nice set to have traded would have been the UK ftse100 index, it has reached new highs as well, but sterling had a knock when it was suggested we are in for a triple dip recession..... (it certainly does feel something bad!)
My most successful set up continues to be from taking trades on fractal breaks as soon as possible after the price comes away from the alligators mouth. If it takes several bars for price to get to the top or bottom of the aims box the DA needs to be considered stale. Addons have also been generally profitable, but I dont particularly trust the 3rd and subequent new levels after the original setup 1
It was an 'up' day of course, with new heights reached, however I am doubtful whether it was easy if at the screen to make decent money.......
however I was pleased to overcome a setback and end up with about 20 profitable pips by the end of London trading.
We know what went on with the Yen this week, and actually another nice set to have traded would have been the UK ftse100 index, it has reached new highs as well, but sterling had a knock when it was suggested we are in for a triple dip recession..... (it certainly does feel something bad!)
My most successful set up continues to be from taking trades on fractal breaks as soon as possible after the price comes away from the alligators mouth. If it takes several bars for price to get to the top or bottom of the aims box the DA needs to be considered stale. Addons have also been generally profitable, but I dont particularly trust the 3rd and subequent new levels after the original setup 1
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
Thoughts about Aims trading
What is the basis of Aims as a wealth or income creator??
We operate in markets which frequently move by 100 pips a day, up and down like the fiddler's elbow if not trending.
However the way to profit is not to worry about all those movements but just to seek consistent days of better small gains than losses (rents).
It doesnt matter if those gains are only 2 pips, so long as they are positive in the long run.
I speak there about trading the small timeframes and perhaps only being in a trade for minutes not even hours.
What is the major threat to our wealth with Aims or any system?
To me it's exactly the opposite. And that is the pursuit of every twist and turn in the market, particularly if your losses then end up greater than your gains. If you lose 10pc of your account you have to recover 11pc in order to recover.
It would be easy to have a mindset that we always needed to be in a trade. That's how the allure of investing messes up your mind. I haven't read a lot in the psychological aspects, but I think I know the word discipline!
Let us be earnest just in seeking to make life stress free and to apply the excellent principles to tha intended outcome. I speak to myself. Remember the rules!
What is the basis of Aims as a wealth or income creator??
We operate in markets which frequently move by 100 pips a day, up and down like the fiddler's elbow if not trending.
However the way to profit is not to worry about all those movements but just to seek consistent days of better small gains than losses (rents).
It doesnt matter if those gains are only 2 pips, so long as they are positive in the long run.
I speak there about trading the small timeframes and perhaps only being in a trade for minutes not even hours.
What is the major threat to our wealth with Aims or any system?
To me it's exactly the opposite. And that is the pursuit of every twist and turn in the market, particularly if your losses then end up greater than your gains. If you lose 10pc of your account you have to recover 11pc in order to recover.
It would be easy to have a mindset that we always needed to be in a trade. That's how the allure of investing messes up your mind. I haven't read a lot in the psychological aspects, but I think I know the word discipline!
Let us be earnest just in seeking to make life stress free and to apply the excellent principles to tha intended outcome. I speak to myself. Remember the rules!
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
- 15
Re: Ray's amnesty page
(wd) (wd) (wd)
Well Said!
"I know the word Discipline" Great... that summarizes everything! Its all about discipline! = ( Consistency = Patience + Discipline )
Have a good pipsarious day!
Well Said!
"I know the word Discipline" Great... that summarizes everything! Its all about discipline! = ( Consistency = Patience + Discipline )
Have a good pipsarious day!
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
immy wrote:(wd) (wd) (wd)
Well Said!
"I know the word Discipline" Great... that summarizes everything! Its all about discipline! = ( Consistency = Patience + Discipline )
Have a good pipsarious day!
thanks for your kind wishes.... I hope you have good pips too!
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
To say the market today is jittery would be an understatement
2 wins, 3 losses. Time to walk away. BTDTR (tomorrow)
2 wins, 3 losses. Time to walk away. BTDTR (tomorrow)
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
- 15
Re: Ray's amnesty page
When its time to go its time to go! better stop and give it a shot next day. Having said that, it moved pretty nicely afterwards! (hug)wiseambitions wrote:To say the market today is jittery would be an understatement
2 wins, 3 losses. Time to walk away. BTDTR (tomorrow)
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!