Mickey's Journal

[immy]

Again what a delight to read your post! keep em coming!

[kiravon]

I took a closer look at Ray's strategy today and I think
Ray might have hoped it would be a means of getting in
a bit more early on basic AIMS set up.

As we see here not exactly foolproof, there is
still randomness to contend with

rays3.png

[immy]

Let me save you some time. Don't waste your precious time on this mate! ... more useful things to explore! it was an exercise I asked aimsters to do so that they realise what AO, AIMS wave is. a 34ma and 5 ma cross over. the histogram shows the distance between 5ma and 34ma. it seems to create a magic of its own, it seems to unveil the structure of the market! Ray went on and started playing with 34ema and 34 sma. it often happens that we get off the path and find new ways. Let me tell you its the power of Reversion to Mean. Everything in the univer reverts to its mean. All different combinations of MA's will work one way or the other, but in order to find an edge, you need 1000 years of data and 10000 years of testing. We did that on AIMS strategies not on 34ema and 34sma cross over, if you want to spend $10K on statistical analysis and coding etc go ahead and please share results with us too! meanwhile enjoy the polski chleb

oh btw, the way to GET IN EARLY = FRUIT

[kiravon]

March 13th
Dax 5m Fruit Sequence 2 Campaign 4 - 12 Rent
Dax 5m Fruit Sequence 2 Campaign 5 - 8 Rent
EURNZD Fruit Sequence 2 Campaign 6 BE

Lesson: Whether due to sleepiness or indecision I was late! I just BE on a 60 pip move!
Ideally I need to be up for Frankfurt Open. At least it would seem like that.

Lesson: This time I wasn't asleep but I hesitated due to indecision. I was late again!
I saw a compelling double arrow Fruit ( see screenshot ) but hesitated for 17 pips because
currency strength meters were pointing opposite direction. Forgetting Fruit is Contrarian, its
supposed to do the opposite. Eventually this Fruit made 112 pips whereas I just BE!

BREAK2.png

Thought for the day:-

'Stop searching for the Holy Grail, you've already found it, it's inside you'

[kiravon]

Having started reading Mark Douglas's 'Trading in the Zone'
I would conclude already that 99% of what I thought was important
in trading probably isn't. and I probably don't need to learn very
much more, or even anything more - about trading that is

Knowing a bit about the Turtle Trading experiment I know that
millions have been made from even the most basic strategy if adhered
to consistently. Maybe almost any crossover of any pair of moving
averages perhaps is enough...

Providing you have the correct Trader's mindset.

Its hard to stop looking for that elusive 'Holy Grail', it sort of becomes a
habit.

I've made a start at uncluttering my mind. I have so many Forex related
bookmarks in my browser, hundreds upon hundreds of indicators.

Do I really think 'The truth is out there!' - I just need to chance upon
that magic indicator or secret little system that will guarantee
endless winners?

Whatever I thought thus far, even subconsciously, I no longer accept.
Its all garbage!

I like AIMS because I have the proof it works, having more than
tripled my account in three months. So that is more than good enough
to use as a vehicle

But it is now conclusive that success lies in the correct mindset

Mark Douglas says that the worst trading losers are doctors, lawyers,
engineers and entrepreneurs

another experiment with 20 traders who were given a simple system with a
60% win rate 1:1 R/R ratio - 19 of them blew their accounts! -
and these 20 traders had university doctorates!

so I am having a spring clean! I'm clearing out all the garbage, its all
misdirection - anything that involves looking outside for the answer.

[kiravon]

Looking at Immy's Simple and Powerful strategy
recently posted. Screenshots are just to get
a feel for it.

Obviously things will change over the weekend
but assuming they were taken midweek, I have
gone through all majors and crosses Dailies
and only found two possibilities of clear trend
established away from boxes.

Then moving down to H4 TF there is good
chance that price will trigger PO after
AIMS lower level breakout in the direction
of the Daily trend.

Hopefully I will try to find some pairs that
can actually be traded during the week.

The two samples here have big stops,
one 150 pips and the other is 120 pips
and thats using recent swing
high for a stop, the upper AIMS level would
be prohibitive. Not sure what setting is best
for AIMS box on 4Hr but it would seem 75 pips
needed to give a few opportunities.

HotForex MetaTrader2.png

HotForex MetaTrader.png

[immy]

Having started reading Mark Douglas's 'Trading in the Zone'
I would conclude already that 99% of what I thought was important
in trading probably isn't. and I probably don't need to learn very
much more, or even anything more - about trading that is

Knowing a bit about the Turtle Trading experiment I know that
millions have been made from even the most basic strategy if adhered
to consistently. Maybe almost any crossover of any pair of moving
averages perhaps is enough...

Providing you have the correct Trader's mindset.

Its hard to stop looking for that elusive 'Holy Grail', it sort of becomes a
habit.

I've made a start at uncluttering my mind. I have so many Forex related
bookmarks in my browser, hundreds upon hundreds of indicators.

Do I really think 'The truth is out there!' - I just need to chance upon
that magic indicator or secret little system that will guarantee
endless winners?

Whatever I thought thus far, even subconsciously, I no longer accept.
Its all garbage!

I like AIMS because I have the proof it works, having more than
tripled my account in three months. So that is more than good enough
to use as a vehicle

But it is now conclusive that success lies in the correct mindset

Mark Douglas says that the worst trading losers are doctors, lawyers,
engineers and entrepreneurs

another experiment with 20 traders who were given a simple system with a
60% win rate 1:1 R/R ratio - 19 of them blew their accounts! -
and these 20 traders had university doctorates!

so I am having a spring clean! I'm clearing out all the garbage, its all
misdirection - anything that involves looking outside for the answer.

Having read this post I can say with confidence that you've reached the 2nd level of learning.
Level 1 was when you did not know the incompetence. Its called the "unconscious incompetence"
level 2 is now "Conscious incompetence" now moving towards level 3 or "Conscious Competence".

The mechanical stage of trading , i.e. The T20 principle may get you there. Past this is just practice
and repetition and in time you may hit the level 4. Unconscious Competence. That's when you
frequently get in the zone and you

"know without knowing how you know" you just know because

you stop running, you stop racing towards the finish line, because you realise that there is no competition,
you see the light now and understand at the core of your being that there is plenty out there, you
believe in abundance you don't have to fight anyone outside of you, you only have to "let go" so

you let go

and let the river take you down stream, you no longer swim against the flow you become one
with the flow, you dance the smoothest dance to the smoothest tune and you speed up and go wild
as the tune goes faster and up beat, you smile and have fun knowing that you don't have to get there
you are already there.

You flap like a butterfly and sting like a bee!

[kiravon]

There may be some who wouldn't consider being labelled
'consciously incompetent' as especially flattering, . in trading
context of the four levels it is an absolute accolade!

When your eyes are opened what can you see? That forums
are where the blind lead the blind. They are all still groping in the
dark, playing around with inexhaustive combinations of indis and
systems

One leading forum moderator, a self proclaimed millionaire in his
alternate business is respected by the masses on the forum. He
can get very,very technical when he talks about the 'complexities'
of trading - I certainly don't understand most of the terms he uses.

He is clearly not a profitable trader

He has tried most approaches and methodologies and most worked
for a while before biting the dust. He put AIMS to the test and
despite all his 'ingenuity' in adding the most sophisticated filters
to try to eliminate the losers, in the end he just had to give up,
and face the fact it was a fatally flawed losing system.

Which of course is perfectly true when its in the hands of a
fatally flawed trader who is looking outside for that winning
system instead of looking within for that winning trader.

I have now deleted all links to all the forums, something like
babypips is useful for someone who really needs to get a grasp
of the basics but otherwise they need to be avoided like the
plague IMHO I think if I found myself back visiting a forum
I would need to really analyse why I was there and be clear
just in what way ' is this in my best interest?'

So my hundreds of Forex bookmarks have now been deleted
and all that remain are links to my four brokers' login pages,
Forex Factory Calender, and AIMS login page

I had accumulated over 200 custom indicators. These now
dispensed with as they simply confuse the issue. They serve
absolutely no real practical purpose.

I have retained AIMS indis only, plus currency strength
meter which is essential if trading the news. my BRN
indi is practical even though I'm not using it at the moment.
But thats it!

I am now conscious of my incompetence and now know
who and what keep losing traders misdirected

I really don't need anything else now, I just need to
be someone else

[Tomi]

What else would you need?

2015-03-15_1239.png

Have a nice weekend. Sun shines and weather is perfect ~o)

[immy]

Again, I'll say, enjoyed reading your latest posts... one little note here... now that you've really using the spring clean broom and clearing the "baggage" away decluttering the mind id say something about Currency Strength Meter, that its is Bullshit as well! the guy who made it, Henry, set himself for a 10K to 1 million challenge in the end all he got was he got struck off forex peace army! but he made a bunch of money from his subscribers! Currency strength meter is actually currency past meter. Its not currency future meter because there is no such thing.

ps: if you want to trade the news, I believe our news strategy is the Simplest most effective one.