Mickey's Journal
-
kooky
- Free Member
- Posts: 133
- Joined: 12 Feb 2012, 06:39
- 13
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
After a very good productive morning session, insights gleaned
and a few pips made and rent paid in a timely manner* I went
out for my usual luncheon in the cafeteria in town....
*( I remember many years ago visiting my landlord's office every
month before the due date, and finally he asked me whats the deal?
many tenants pay up spasmodically, others are routinely late paying
rent and some never pay at all! but you always pay
ahead of time as regular as clockwork?
I explained to him I was very happy with the service and as I was obliged
to pay for the service I might as well conduct myself in a businesslike
way, and get the payment out of the way as soon as possible.
This is not a perfect analogy to trading but I can just about make it
fit. I truly didn't resent paying this guy, I didn't expect to receive
something of value with no cost attached.
Similarly I cannot trade without a broker
The four brokers I use are excellent and stand out in contrast
to the dozens and dozens of stop hunting scammers I have trialled. So
I don't mind paying 5% commission and virtually no spread. They provide
a superb service and I am happy to pay them their very modest charges.
I also recognize that most Forex transactions ( 83% to be precise ) are
purely utilitarian trades, governments and big institutions moving billions
of dollars around for purely utilitarian reasons, completely non speculative
with no thought of making any profit whatsoever. I am very pleased about
this for without them there would be no Forex market to profit from .
Of course the timing of their transactions can impact negatively on my trading
resulting in a few payments needing to be made from my account. Without these
'rent' payments I would profit 100% of the time.
No one from a business or commercial background
would consider that to be realistic.
I have successful business experience, and am grounded in commercial reality.
I am not a criminal wanting to get rich the easy way, nor a dreamer
believing the next get rich quick scheme will be the big one.
I know that no one is cheating me out of money, it isn't personal, but
due to the nature of the currency market it is necessary that some of the
money in my account has to be absorbed back into the market just as at other times
I regularly syphon money out of the market back into my account - and no one complains
about that.
So profit and expenditure are both inevitabilities, neither good nor bad. Business
is what it is. )
I digress!
so during lunch....
I started to mull over a few things, about my goals, my future
in view of my past, and how it all relates to trading success.
Although I am usually profitable on demo I havn't the confidence to trade
on a large live account yet, but I believe I am experienced enough to
know that trading isn't complicated.
So I think I can relate it to many other situations. Driving a car seems
extremely complicated, so much to think about, not to mention all
the other drivers getting in the way! But within a few months we all pass
to that unconscious competence level when we don't even think about
what we need to do. I believe trading is very much like that
Some profitable trading systems are unbelievably simple! and that reminds me
of when I left school I didn't have a job so I tried my hand at window cleaning.
You might think thats extremely simple - I did, and thats the unconscious incompetence
phase, you simply have no idea just what a mess you are going to make on people's
windows, leaving unsightly smears everywhere! It isn't as easy as you think!
On the other hand you don't exactly need a university degree
You need hands on experience, you can't learn it from a book. If you are using
traditional scrim and water you slowly begin to realize that there are some very
complex mathematical equations involved in the correlations between ambient
temperature, chill factor, humidity, bucket water temperature, the smear factor
of the residual dust on the unwashed windows, the very precise degree of moisture
in the scrim itself - (you might be able to obtain computer software with custom
indicators to help with all this )
In real terms you soon come to realize that the amount of moisture on the scrim
has to be in proportion to the breeze, humidity, amount of sunlight, and residual
dust on the window, for example, too little moisture and too much sunlight and the
dust will cake on and smear
So this is conscious Incompetence. You are still useless but now you know whats
going on so because its a sunny day you soak the scrim, only to find that now you cant
buff the moisture off the window, because its too wet. So by trial and error you
progress to the phase of conscious competence where you pay close attention to all
the factors mentioned.
Within a few days you soon progress to the final phase of unconscious competence
where you no longer think about window cleaning, you can be talking to your mate
whilst cleaning or be mentally preoccupied with other matters - in fact if you still
have to think about the window cleaning you will still leaving some smears at least.
So its not a difficult profession but there is definitely a knack to it
Eventually I became a Will Writer and there is some expertise required but it can
be learned in a short time, probably quicker than going through the Babypips
course
But there isn't much money to be made in the actual writing of the Wills
The money is to be made in offering Probate services, around 4% of the estate
of the deceased client.
Almost no Will Writers offer Probate services, wrongly believing only solicitors
are qualified to do this. - and yet they will routinely name the next of kin to
act as executor! Of course if you get it wrong you can be sued for millions!
Like trading if you get it wrong you can blow your account
So how do you sweet talk clients into nominating you as professional executor?
You can't use sales tactics, that brings up a red flag every time
so this is what I did, if extra clauses and trusts were needed I might charge
far , far more than anyone else.
Then after totalling up all the fees involved I would apologise for the price as
I could tell they weren't expecting to pay that much, I would then go deep
in thought then, 'Look you were expecting to pay £99 for the Wills, just pay
me that, you're a really nice couple, don't worry about all the trusts and
powers of attorney, I'll personally get those drawn up for you - and they'll
all be on the house.'
At that precise moment when I was in the optimum bargaining position
with my new friends I would nonchalantly add, ' by the way, are you happy
for my company to take care of everything should anything happen?' Many
would say 'yes of course!'
Others would say no - and I would then have to write up complicated trusts
for peanuts
Those were the rent trades
But I was able to obtain many Probate clients this way when probably 98%
of Will Writers would simply not be able to do this.
But no Law degree was needed. Yes, Inheritance Tax could be complicated
and I would be liable for mistakes - so I just used to phone the Tax office
and ask for advice - Simples
Asking someone to give you 4% of their estate is not easy! Like window
cleaning its a knack, actually you have to be 'in the zone', completely
relaxed, it all has to happen completely naturally and spontaneously, when
you build up rapport and credibility, that strategy of preeminence - and like
trading- timing is critical
but at the end of the day the money is definitely not in legal expertise
or sophisticated algorithms and indicators
It is just a knack
It may take a while to acquire, but once you've cracked it, its yours
for life and it is like the proverbial 'licence to print money'
Once upon a time I would crunch gears, I would smear windows
I would be clumsy and inept in front of clients
but I found a way to succeed - all by myself
Here we have a Coach and Master Traders to help speed up that process
and a few pips made and rent paid in a timely manner* I went
out for my usual luncheon in the cafeteria in town....
*( I remember many years ago visiting my landlord's office every
month before the due date, and finally he asked me whats the deal?
many tenants pay up spasmodically, others are routinely late paying
rent and some never pay at all! but you always pay
ahead of time as regular as clockwork?
I explained to him I was very happy with the service and as I was obliged
to pay for the service I might as well conduct myself in a businesslike
way, and get the payment out of the way as soon as possible.
This is not a perfect analogy to trading but I can just about make it
fit. I truly didn't resent paying this guy, I didn't expect to receive
something of value with no cost attached.
Similarly I cannot trade without a broker
The four brokers I use are excellent and stand out in contrast
to the dozens and dozens of stop hunting scammers I have trialled. So
I don't mind paying 5% commission and virtually no spread. They provide
a superb service and I am happy to pay them their very modest charges.
I also recognize that most Forex transactions ( 83% to be precise ) are
purely utilitarian trades, governments and big institutions moving billions
of dollars around for purely utilitarian reasons, completely non speculative
with no thought of making any profit whatsoever. I am very pleased about
this for without them there would be no Forex market to profit from .
Of course the timing of their transactions can impact negatively on my trading
resulting in a few payments needing to be made from my account. Without these
'rent' payments I would profit 100% of the time.
No one from a business or commercial background
would consider that to be realistic.
I have successful business experience, and am grounded in commercial reality.
I am not a criminal wanting to get rich the easy way, nor a dreamer
believing the next get rich quick scheme will be the big one.
I know that no one is cheating me out of money, it isn't personal, but
due to the nature of the currency market it is necessary that some of the
money in my account has to be absorbed back into the market just as at other times
I regularly syphon money out of the market back into my account - and no one complains
about that.
So profit and expenditure are both inevitabilities, neither good nor bad. Business
is what it is. )
I digress!
so during lunch....I started to mull over a few things, about my goals, my future
in view of my past, and how it all relates to trading success.
Although I am usually profitable on demo I havn't the confidence to trade
on a large live account yet, but I believe I am experienced enough to
know that trading isn't complicated.
So I think I can relate it to many other situations. Driving a car seems
extremely complicated, so much to think about, not to mention all
the other drivers getting in the way! But within a few months we all pass
to that unconscious competence level when we don't even think about
what we need to do. I believe trading is very much like that
Some profitable trading systems are unbelievably simple! and that reminds me
of when I left school I didn't have a job so I tried my hand at window cleaning.
You might think thats extremely simple - I did, and thats the unconscious incompetence
phase, you simply have no idea just what a mess you are going to make on people's
windows, leaving unsightly smears everywhere! It isn't as easy as you think!
On the other hand you don't exactly need a university degree
You need hands on experience, you can't learn it from a book. If you are using
traditional scrim and water you slowly begin to realize that there are some very
complex mathematical equations involved in the correlations between ambient
temperature, chill factor, humidity, bucket water temperature, the smear factor
of the residual dust on the unwashed windows, the very precise degree of moisture
in the scrim itself - (you might be able to obtain computer software with custom
indicators to help with all this
)In real terms you soon come to realize that the amount of moisture on the scrim
has to be in proportion to the breeze, humidity, amount of sunlight, and residual
dust on the window, for example, too little moisture and too much sunlight and the
dust will cake on and smear
So this is conscious Incompetence. You are still useless but now you know whats
going on so because its a sunny day you soak the scrim, only to find that now you cant
buff the moisture off the window, because its too wet. So by trial and error you
progress to the phase of conscious competence where you pay close attention to all
the factors mentioned.
Within a few days you soon progress to the final phase of unconscious competence
where you no longer think about window cleaning, you can be talking to your mate
whilst cleaning or be mentally preoccupied with other matters - in fact if you still
have to think about the window cleaning you will still leaving some smears at least.
So its not a difficult profession but there is definitely a knack to it
Eventually I became a Will Writer and there is some expertise required but it can
be learned in a short time, probably quicker than going through the Babypips
course
But there isn't much money to be made in the actual writing of the Wills
The money is to be made in offering Probate services, around 4% of the estate
of the deceased client.
Almost no Will Writers offer Probate services, wrongly believing only solicitors
are qualified to do this. - and yet they will routinely name the next of kin to
act as executor! Of course if you get it wrong you can be sued for millions!
Like trading if you get it wrong you can blow your account
So how do you sweet talk clients into nominating you as professional executor?
You can't use sales tactics, that brings up a red flag every time
so this is what I did, if extra clauses and trusts were needed I might charge
far , far more than anyone else.
Then after totalling up all the fees involved I would apologise for the price as
I could tell they weren't expecting to pay that much, I would then go deep
in thought then, 'Look you were expecting to pay £99 for the Wills, just pay
me that, you're a really nice couple, don't worry about all the trusts and
powers of attorney, I'll personally get those drawn up for you - and they'll
all be on the house.'
At that precise moment when I was in the optimum bargaining position
with my new friends I would nonchalantly add, ' by the way, are you happy
for my company to take care of everything should anything happen?' Many
would say 'yes of course!'
Others would say no - and I would then have to write up complicated trusts
for peanuts
Those were the rent trades
But I was able to obtain many Probate clients this way when probably 98%
of Will Writers would simply not be able to do this.
But no Law degree was needed. Yes, Inheritance Tax could be complicated
and I would be liable for mistakes - so I just used to phone the Tax office
and ask for advice - Simples
Asking someone to give you 4% of their estate is not easy! Like window
cleaning its a knack, actually you have to be 'in the zone', completely
relaxed, it all has to happen completely naturally and spontaneously, when
you build up rapport and credibility, that strategy of preeminence - and like
trading- timing is critical
but at the end of the day the money is definitely not in legal expertise
or sophisticated algorithms and indicators
It is just a knack
It may take a while to acquire, but once you've cracked it, its yours
for life and it is like the proverbial 'licence to print money'
Once upon a time I would crunch gears, I would smear windows
I would be clumsy and inept in front of clients
but I found a way to succeed - all by myself
Here we have a Coach and Master Traders to help speed up that process
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mickey's Journal
The above may appear long but once you start reading it you will wish it never ends. This former will writer should have written novels instead or perhaps writing wills is the new name for creative writing these days...
We have a writer among us. How so good... Thanks
We have a writer among us. How so good... Thanks
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!
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
)-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Mickey's Journal
Hello Marcus
Yes I've done a lot of that stuff, walking on fiery coals etc, but in the
end I was just becoming a seminar junky, but your're right, Ive seen the
crowds race to the back with their credit cards in hand, I think
Andy Harrington in the UK rakes in about £500,000 per seminar
Yes I've done a lot of that stuff, walking on fiery coals etc, but in the
end I was just becoming a seminar junky, but your're right, Ive seen the
crowds race to the back with their credit cards in hand, I think
Andy Harrington in the UK rakes in about £500,000 per seminar
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Mickey's Journal
March 18th
There was a little blurring of system designation in today's results.
Actually apart from News Strategy I don't think anything was a
pure system trade, except possibly in hindsight.
News Strategy Sequence 1 Campaign 5 +51
Sold a very weak GBP against a strong CHF. In terms of currency strength
the worst choice of pair would have been GBPCAD as CAD was the very weakest
currency across the board. However if I had made that 'wrong' choice I would
have made an extra 20 pips! It would seem Immy is right once again. CS probably
is irrelevant. Interestingly though, checking all GBP pairs they all had much the
same spike pip amount.
S1/S2 Sequence 1 Campaign 5 +30
I think I had better include a screenshot here as well. I was following 5m Dax for
Fruits. I ignored an invalid long Fruit signal and then price suddenly broke to the downside
as you can see in cream rectangle area. Immy on Skype said ''Here we go" and I took the
cue without regard to any particular system rules. It was 8m past LO and price was
breaking out to the downside so I took it. It loosely looks like a S1 set up but Immy called
it a Classic set up. In any event after a good 30+ move I switched to 1m to trail behind
candles. I was very pleased with my exit but was slow to enter. I probably should have
made double
Lesson I shouldn't be dreaming around FO or LO! Dax Fruit 5m SAR Sequence 2 Campaign 14 +10
I didn't take the Fruit Long signal for some reason but when it crossed back through
green I went short SAR. After maybe about 13 - 14 pips it started to reverse up
again. I didn't want to give the gains back! so I switched to M1 planning
to close on cross of M1 green. but there was still a way to go and then second 1m bar
started moving up so I quickly closed to secure my 10 pip win but ...
If I had stayed on 5m TF it was simply retracing and if I had stuck to the rules I would
have made 26 pips before the 5m Fruit finally crossed the green and not just 10 pips.
Actually I can probably include a screenshot to make this a bit clearer. 1 was the original
Fruit signal I ignored. 2 is the SAR where I entered and the first black candle after
that is where I started to get jittery. 3 is where I should have exited if I had stayed
on M5 and observed Fruit exit rules.
Dax Fruit Sequence 2 Campaign 15 Add On +7 ( with trend ) Disallowed as added on to Invalid Fruit
There was a little blurring of system designation in today's results.
Actually apart from News Strategy I don't think anything was a
pure system trade, except possibly in hindsight.
News Strategy Sequence 1 Campaign 5 +51
Sold a very weak GBP against a strong CHF. In terms of currency strength
the worst choice of pair would have been GBPCAD as CAD was the very weakest
currency across the board. However if I had made that 'wrong' choice I would
have made an extra 20 pips! It would seem Immy is right once again. CS probably
is irrelevant. Interestingly though, checking all GBP pairs they all had much the
same spike pip amount.
S1/S2 Sequence 1 Campaign 5 +30
I think I had better include a screenshot here as well. I was following 5m Dax for
Fruits. I ignored an invalid long Fruit signal and then price suddenly broke to the downside
as you can see in cream rectangle area. Immy on Skype said ''Here we go" and I took the
cue without regard to any particular system rules. It was 8m past LO and price was
breaking out to the downside so I took it. It loosely looks like a S1 set up but Immy called
it a Classic set up. In any event after a good 30+ move I switched to 1m to trail behind
candles. I was very pleased with my exit but was slow to enter. I probably should have
made double
Lesson I shouldn't be dreaming around FO or LO! Dax Fruit 5m SAR Sequence 2 Campaign 14 +10
I didn't take the Fruit Long signal for some reason but when it crossed back through
green I went short SAR. After maybe about 13 - 14 pips it started to reverse up
again. I didn't want to give the gains back! so I switched to M1 planning
to close on cross of M1 green. but there was still a way to go and then second 1m bar
started moving up so I quickly closed to secure my 10 pip win but ...
If I had stayed on 5m TF it was simply retracing and if I had stuck to the rules I would
have made 26 pips before the 5m Fruit finally crossed the green and not just 10 pips.
Actually I can probably include a screenshot to make this a bit clearer. 1 was the original
Fruit signal I ignored. 2 is the SAR where I entered and the first black candle after
that is where I started to get jittery. 3 is where I should have exited if I had stayed
on M5 and observed Fruit exit rules.
Dax Fruit Sequence 2 Campaign 15 Add On +7 ( with trend ) Disallowed as added on to Invalid Fruit
You do not have the required permissions to view the files attached to this post.
Last edited by kiravon on 18 Mar 2015, 14:16, edited 1 time in total.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Mickey's Journal
Updated Results
Fruit 5m Strategy
Sequence 1 20 Campaigns = +78 or +63
My initial recording of results was so haphazard and ambiguous
I'm not sure what the total for my first 20 campaigns is but it
would seem at least to be in the black, around +70 pips. A good
start, I'm happy with that.
Sequence 2
Dax 5m Fruit Sequence 2, Campaign 1, +7pips
Dax 5m Fruit Sequence 2 Campaign 2 -2, Add on -16 Total -18*
Dax 5m Fruit Sequence 2 Campaign 3 -17
Dax 5m Fruit Sequence 2 Campaign 4 - 12
Dax 5m Fruit Sequence 2 Campaign 5 - 8
EURNZD Fruit Sequence 2 Campaign 6 BE
Dax 5m Fruit Sequence 2 Campaign 7 - -10
Dax 5m Fruit Sequence 2 Campaign 8 - -14
Dax Fruit Sequence 2 Campaign 9 -20
Dax Fruit Sequence 2 Campaign 10 SAR +30 ( with trend )
Dax Fruit Sequence 2 Campaign 11 -16
Dax Fruit Sequence 2 Campaign 12 -7
Dax Fruit Sequence 2 Campaign 13 SAR +43 ( with trend )
Dax Fruit Sequence 2 Campaign 14 SAR +10 ( with trend )
Dax Fruit Sequence 2 Campaign 15 Add On +7 ( with trend ) Disallowed as added on to Invalid Fruit
Total so far -25 which is fine, however more encouraging is the recent campaigns versus
the earlier campaigns in the sequence. I attribute this quite simply to being earlier
in Skype room and more in tune with the guys' inputs.
AIMS S1S2 Strategy
S1/2 Sequence 1 Campaign 1 Dax 5m +135 ( reminds me of the good old days!)
S1/S2 Sequence 1 Campaign 2 EURUSD -11
S1/S2 Sequence 1 Campaign 3 EURUSD -19
S1/S2 Sequence 1 Campaign 4 EURGBP +25 +Add on + 8 Total +33
Total +138
AIMS News Strategy
Sequence 1
Campaign 1 +13
Campaign 2 +28
Campaign 3 BE
Campaign 4 +25
Campaign 5 +51
Total +117 No Losers! - Ain't buying it! The one thing News isn't and
that's reliable! - watch this space!
Comment
The AIMS News Strategy stands out with no losers so far, but only five campaigns,
we'll see how the land lies after twenty campaigns.
The AIMS S1S2 Strategy results are very encouraging! Reminds me of how
I tripled my account with this strategy last year
I was initially discouraged by Fruit Strategy, but I am actually very encouraged
by my 'Knack' essay above. - I realize I simply haven't acquired it yet. It will
be very interesting to monitor progress over the next few Sequences.
But commencing 2nd March with this journal AND probably because of this journal
I have clocked up +308 pips across the three systems thats pro rata 407 pips a month!
If my 'Knack' theory, and the four levels of incompetence/competence is valid then
I can't imagine how much better I might be able to do in the future.
Fruit 5m Strategy
Sequence 1 20 Campaigns = +78 or +63
My initial recording of results was so haphazard and ambiguous
I'm not sure what the total for my first 20 campaigns is but it
would seem at least to be in the black, around +70 pips. A good
start, I'm happy with that.
Sequence 2
Dax 5m Fruit Sequence 2, Campaign 1, +7pips
Dax 5m Fruit Sequence 2 Campaign 2 -2, Add on -16 Total -18*
Dax 5m Fruit Sequence 2 Campaign 3 -17
Dax 5m Fruit Sequence 2 Campaign 4 - 12
Dax 5m Fruit Sequence 2 Campaign 5 - 8
EURNZD Fruit Sequence 2 Campaign 6 BE
Dax 5m Fruit Sequence 2 Campaign 7 - -10
Dax 5m Fruit Sequence 2 Campaign 8 - -14
Dax Fruit Sequence 2 Campaign 9 -20
Dax Fruit Sequence 2 Campaign 10 SAR +30 ( with trend )
Dax Fruit Sequence 2 Campaign 11 -16
Dax Fruit Sequence 2 Campaign 12 -7
Dax Fruit Sequence 2 Campaign 13 SAR +43 ( with trend )
Dax Fruit Sequence 2 Campaign 14 SAR +10 ( with trend )
Dax Fruit Sequence 2 Campaign 15 Add On +7 ( with trend ) Disallowed as added on to Invalid Fruit
Total so far -25 which is fine, however more encouraging is the recent campaigns versus
the earlier campaigns in the sequence. I attribute this quite simply to being earlier
in Skype room and more in tune with the guys' inputs.
AIMS S1S2 Strategy
S1/2 Sequence 1 Campaign 1 Dax 5m +135 ( reminds me of the good old days!)
S1/S2 Sequence 1 Campaign 2 EURUSD -11
S1/S2 Sequence 1 Campaign 3 EURUSD -19
S1/S2 Sequence 1 Campaign 4 EURGBP +25 +Add on + 8 Total +33
Total +138
AIMS News Strategy
Sequence 1
Campaign 1 +13
Campaign 2 +28
Campaign 3 BE
Campaign 4 +25
Campaign 5 +51
Total +117 No Losers! - Ain't buying it! The one thing News isn't and
that's reliable! - watch this space!
Comment
The AIMS News Strategy stands out with no losers so far, but only five campaigns,
we'll see how the land lies after twenty campaigns.
The AIMS S1S2 Strategy results are very encouraging! Reminds me of how
I tripled my account with this strategy last year
I was initially discouraged by Fruit Strategy, but I am actually very encouraged
by my 'Knack' essay above. - I realize I simply haven't acquired it yet. It will
be very interesting to monitor progress over the next few Sequences.
But commencing 2nd March with this journal AND probably because of this journal
I have clocked up +308 pips across the three systems thats pro rata 407 pips a month!
If my 'Knack' theory, and the four levels of incompetence/competence is valid then
I can't imagine how much better I might be able to do in the future.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mickey's Journal
kiravon wrote:Updated Results
Fruit 5m Strategy
Sequence 1 20 Campaigns = +78 or +63
My initial recording of results was so haphazard and ambiguous
I'm not sure what the total for my first 20 campaigns is but it
would seem at least to be in the black, around +70 pips. A good
start, I'm happy with that.
Sequence 2
Dax 5m Fruit Sequence 2, Campaign 1, +7pips
Dax 5m Fruit Sequence 2 Campaign 2 -2, Add on -16 Total -18*
Dax 5m Fruit Sequence 2 Campaign 3 -17
Dax 5m Fruit Sequence 2 Campaign 4 - 12
Dax 5m Fruit Sequence 2 Campaign 5 - 8
EURNZD Fruit Sequence 2 Campaign 6 BE
Dax 5m Fruit Sequence 2 Campaign 7 - -10
Dax 5m Fruit Sequence 2 Campaign 8 - -14
Dax Fruit Sequence 2 Campaign 9 -20
Dax Fruit Sequence 2 Campaign 10 SAR +30 ( with trend )
Dax Fruit Sequence 2 Campaign 11 -16
Dax Fruit Sequence 2 Campaign 12 -7
Dax Fruit Sequence 2 Campaign 13 SAR +43 ( with trend )
Dax Fruit Sequence 2 Campaign 14 SAR +10 ( with trend )
Dax Fruit Sequence 2 Campaign 15 Add On +7 ( with trend ) Disallowed as added on to Invalid Fruit
Total so far -25 which is fine, however more encouraging is the recent campaigns versus
the earlier campaigns in the sequence. I attribute this quite simply to being earlier
in Skype room and more in tune with the guys' inputs.
AIMS S1S2 Strategy
S1/2 Sequence 1 Campaign 1 Dax 5m +135 ( reminds me of the good old days!)
S1/S2 Sequence 1 Campaign 2 EURUSD -11
S1/S2 Sequence 1 Campaign 3 EURUSD -19
S1/S2 Sequence 1 Campaign 4 EURGBP +25 +Add on + 8 Total +33
Total +138
AIMS News Strategy
Sequence 1
Campaign 1 +13
Campaign 2 +28
Campaign 3 BE
Campaign 4 +25
Campaign 5 +51
Total +117 No Losers! - Ain't buying it! The one thing News isn't and
that's reliable! - watch this space!
Comment
The AIMS News Strategy stands out with no losers so far, but only five campaigns,
we'll see how the land lies after twenty campaigns.
The AIMS S1S2 Strategy results are very encouraging! Reminds me of how
I tripled my account with this strategy last year
I was initially discouraged by Fruit Strategy, but I am actually very encouraged
by my 'Knack' essay above. - I realize I simply haven't acquired it yet. It will
be very interesting to monitor progress over the next few Sequences.
But commencing 2nd March with this journal AND probably because of this journal
I have clocked up +308 pips across the three systems thats pro rata 407 pips a month!
If my 'Knack' theory, and the four levels of incompetence/competence is valid then
I can't imagine how much better I might be able to do in the future.
YOu will be surprised at the high rate of success of News Strategy . I did not have a loser this year so far.
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Mickey's Journal
Because you only pay $297 to get into AIMS people take it for granted!
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!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
YOu will be surprised at the high rate of success of News Strategy .
I did not have a loser this year so far.
I had to read your post a few times! - I'm off to the cafeteria to mull
over the ramifications - there could be another essay here
I did not have a loser this year so far.
I had to read your post a few times! - I'm off to the cafeteria to mull
over the ramifications - there could be another essay here
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!