Ray's amnesty page

[wiseambitions]

Massive moments on GBPUSD around 0915 to 1000 GMT. Prior to news at 0930 significant push down. Quite a lot of movement immediately after 0928 (that's because a lot of big players pay and get the data before the masses), then in spite of bad news the pound rose significantly, almost to highs of yesterday (it is quite a bit down on the week still). Swings of about 70 pips in a matter of minutes.

Money could have been had if I was quick enough to trade on aims principles, both sides of the aims boxes, however it requires that there be no interference with concentration, plus super good IT.

Having said all of that I found an interesting post on another blog which somewhat explains why I have had better luck on intermediate timeframes eg M15 through to H4 compared with M1. I thought the comments were worth posting here

" This kind of volatility is often about order flow. Big orders sometimes can't be unloaded without high liquidity hence Market Makers sometimes create liquidity by pushing price opposite of their intended direction.This often refered to as spike. Once everyone jumps in thinking its a breakout true orders start unloading going opposite way.
This is why before most major moves price often "breakout" in opposite direction only to turn around abruptly.
This is the number 1 reason why I trade on higher TF. Most retailers get caught or squeezed out in both directions when trading smaller TF.
Think of freeway. When you are too close all you see is lots of cars and noise. Step back and you see clear red lights outlining the road. Or think of painting too close you see paint brush strokes and step back you see the face.

Its important to step back."

[wiseambitions]

Sterling has had a crazy day. It would have suited Chaos (Aims) trading strategy, and although in doing so there's little need to understand what news is driving the market, I tried to find out what it was all about

Seemingly today was the last day of rounding up cash for the Verizon Vodafone sale and required in total that 130 BILLION dollars changed to pounds. Now it's just about wrapped up, (Reuters reported today), the dumping is thought to be due to profit taking by lots of people who rode the market up.

Well that's the explanation I was given anyway


This week for me:

122 pips
PF of 1.82
return on capital, over 10 per cent.

[immy]

Sterling has had a crazy day. It would have suited Chaos (Aims) trading strategy, and although in doing so there's little need to understand what news is driving the market, I tried to find out what it was all about

Seemingly today was the last day of rounding up cash for the Verizon Vodafone sale and required in total that 130 BILLION dollars changed to pounds. Now it's just about wrapped up, (Reuters reported today), the dumping is thought to be due to profit taking by lots of people who rode the market up.

Well that's the explanation I was given anyway


This week for me:

122 pips
PF of 1.82
return on capital, over 10 per cent.

Here is my explanation. Check the H4 chart, it needed a PC, News and PC are 90% related. PC's have violence in them and so has news. Check the D1 chart and you won't see anything unusual. Business as usual.

cheers ... Have a great weekend Ray and the rest of you lovely traders... Always like your posts... sometimes they are crazy but you gotta have craziness in life otherwise its all boring! \m/ :-h

[wiseambitions]

Oh this is a PC

[wiseambitions]

Monday, on H1 I am in a Long trade on Swisse

Admittedly the alligator wasn't snoring prior to my entry on breakout of aims, but I feel comfortable due to it now going higher than purple, with rising AO

[wiseambitions]

For anyone who feels like the pound and the euro are gravely sick today, take a look at eurchf.

As well as usdchf I've been running a long trade on eurchf all the day and it's really going for it.

So the swiss franc must be even more unwanted

[wiseambitions]

A lot of volatility this afternoon on GBP/USD and the EURO, although EUR/GBP hardly suffered.

Coincided with a speech by FOMC member, causing dollar to strengthen, also against Swisse, but I didn't see it correspond with Aussie and Kiwi.
Chased out a few stale longs

But the horror of the day sounds like Bitcoin. Suspended due to £375 million "theft". How do you steal a virtual currency? I wonder if any Aims members trade Bitcoin on chaos principles???
I wouldn't touch it!!!

Traders are still attibuting sterling woes to the Vodafone/Verizon deal. But if the euro is moving similarly I won't buy that argument. The forex market is far bigger than the cash surrounding a telephone company!

[wiseambitions]

I was in the grain trade for 20 years, and one of the functions I had was to control a pool of crops which I had to sell for physical delivery and hopefully get a good overall price for the growers - the nearest thing to being a fund manager. I found this chart of the sort of emotions that get in the way of trading, and I can't actually think of many things that are missing.

Hopefully all the aimsters do better than this :

[wiseambitions]

GU clusterf*ck


11 am update: My positions for you to criticise or clap are
GU Long
Dollar Cad Short
Aussie/Dollar Short

[immy]

I was in the grain trade for 20 years, and one of the functions I had was to control a pool of crops which I had to sell for physical delivery and hopefully get a good overall price for the growers - the nearest thing to being a fund manager. I found this chart of the sort of emotions that get in the way of trading, and I can't actually think of many things that are missing.

Hopefully all the aimsters do better than this :

I can see nice 1-2's and aims boxes, lovely setups to go short and long!