A colleague of mine rang and said he has received a cheque for many hundreds of pounds from broker FXCM
As many of you may know the company has been under observation in the UK since problems came to light 2 or 3 years ago in USA with their manipulation of prices, I think both lots of regulators have penalised them heavily
This cheque was for settlement of slippage and other unfair treatment, with a calculation which FXCM have made themselves to satisfy the regulator.
I suppose none of my brokers are going to do this to me, but I would be most grateful if they did.
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
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."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Thursday dax m5.
In order to fix another program on my computer the experts managed to $%*£er up all the metatrader platforms
Therefore this morning first thing I had no custom indicators
But amazing what comes standard - alligator, AO, fractals, plus a lovely MACD histogram which shows divergence, all I was missing was aims box the alert and purple line
Anyway 12 green pips on a short lived short trade.
Nice start to the day, the charts did not inspire me with much hope
In order to fix another program on my computer the experts managed to $%*£er up all the metatrader platforms
Therefore this morning first thing I had no custom indicators
But amazing what comes standard - alligator, AO, fractals, plus a lovely MACD histogram which shows divergence, all I was missing was aims box the alert and purple line
Anyway 12 green pips on a short lived short trade.
Nice start to the day, the charts did not inspire me with much hope
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."
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wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Thursday pm, I had a small rent trade for thinking dax was going up before realising what it was doing
On the following chart I entered a short on break of aims (m5) and almost got stopped out but it hung in and when I saw 20 pips I took them, about 10 bars later
Net result 28 and a bit pips today, I would say the return was a bit over 6%
On the following chart I entered a short on break of aims (m5) and almost got stopped out but it hung in and when I saw 20 pips I took them, about 10 bars later
Net result 28 and a bit pips today, I would say the return was a bit over 6%
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."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Not a bad start for Friday 13th
I didn't take the short on m5 dax immediately as I thought there was still a bit too much upwards momentum on AO etc
on 2nd bar after break of aims support I went short. Stayed in for about 8 bars. Got out with 26 then of course it went further!
Chaps, I am augmenting AO thinking by watching the cross of 5EMA and 34SMA. It is powerful. Just take my word for it.
That's why you can see a blue and a yellow line on this particular chart
I didn't take the short on m5 dax immediately as I thought there was still a bit too much upwards momentum on AO etc
on 2nd bar after break of aims support I went short. Stayed in for about 8 bars. Got out with 26 then of course it went further!
Chaps, I am augmenting AO thinking by watching the cross of 5EMA and 34SMA. It is powerful. Just take my word for it.
That's why you can see a blue and a yellow line on this particular chart
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."
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Michal
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Re: Ray's amnesty page
about ema 5 and sma 34 can you put some light on it Ray ? i guess this is the moving average? and what's setting should be use im willing to watch it for some time 
but need to know how to set this up :-bd
but need to know how to set this up :-bdAll I need is Aims. Just love it !
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wiseambitions
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Re: Ray's amnesty page
dax m5 s1 and a half trade (gator not sleeping, but break of aims and after a DA)
31 pips best trade of the day, I closed it for that reason
31 pips best trade of the day, I closed it for that reason
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
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Re: Ray's amnesty page
s2 dax, m5 10 pips at 1:1
gator - open down wards not asleep, break of aims, ao in the negative, no particular dot alert lately either, but it worked
67.8 pips, I'm not pretending it's easy, but it is enjoyable and it is better than dealing with people
gator - open down wards not asleep, break of aims, ao in the negative, no particular dot alert lately either, but it worked
67.8 pips, I'm not pretending it's easy, but it is enjoyable and it is better than dealing with people
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
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
I tried to find the best article on why it is difficult for most of us to win at trading. There are hundreds of articles about emotions, but very few on why it is hard which need to include things like the margin (the broker always gets his bit), volatility, stop hunting, slippage, herd instinct etc, but the following is one which drew my attention for the sense it contains:
"The thing that makes it hard is ourselves. Peoples psychology is usually the thing that keeps them from being successful in trading. I too was victim to this when I first started. Many successful traders of the past and present do not use 25 indicators to tell them what to do. They use maybe 1 or 2 for conformation.
It has been said many times ,since markets existed ,to cut your losses quickly and let your winners run, this is key. Most people do the opposite all the time. They buy a position and B.H.P. ( Buy hope and pray) and when it does not work out they let it hit the stop......then when they have a winner they sell it too quickly for fear of losing any gains...why?? Because humans do not like to be wrong and when they are right they like to keep what they have.
In my trading I have 3 things on my chart. When I get a signal I take it , when the trade starts going against me and I get a signal in the opposite direction I stop out the loser and take the other one...I do not marry any trade I am in , no bias just follow the signals. Today I had 5 trades 4 winners and 1 loser . The first trade was the loser and the rest were winners. I did not wait for my stop to get hit as my signal turned before that so instead of losing 15 pips I only lost 5. I immediately made it back on the next trade and then all profit the rest of the time. Now had I let me stop get hit it would have taken me a few trades just to get back to even , let alone profit. Nothing is 100% . Accept it , deal with it and move on. Once you realize this and you develop your own strategy you will find that you only need a low win % to make $$$ it does not have to be 80-90% .
The basics of trading are simple that is why you do not need a degree or anything to do it. Most people just make it hard.
Conquer your emotions and you are 90% of the way to success."
Some of the people I work with are extremely successful traders, making 6 figure annual incomes as well as their day jobs (why do they carry on?) and their charts are quite bare. One just has a few moving averages and bollinger bands (instead of our AO). And when he can determine the direction of a trend he looks for the chance to get in and ride it. So he's an aimster without knowing it. That's how simple it should be.
"The thing that makes it hard is ourselves. Peoples psychology is usually the thing that keeps them from being successful in trading. I too was victim to this when I first started. Many successful traders of the past and present do not use 25 indicators to tell them what to do. They use maybe 1 or 2 for conformation.
It has been said many times ,since markets existed ,to cut your losses quickly and let your winners run, this is key. Most people do the opposite all the time. They buy a position and B.H.P. ( Buy hope and pray) and when it does not work out they let it hit the stop......then when they have a winner they sell it too quickly for fear of losing any gains...why?? Because humans do not like to be wrong and when they are right they like to keep what they have.
In my trading I have 3 things on my chart. When I get a signal I take it , when the trade starts going against me and I get a signal in the opposite direction I stop out the loser and take the other one...I do not marry any trade I am in , no bias just follow the signals. Today I had 5 trades 4 winners and 1 loser . The first trade was the loser and the rest were winners. I did not wait for my stop to get hit as my signal turned before that so instead of losing 15 pips I only lost 5. I immediately made it back on the next trade and then all profit the rest of the time. Now had I let me stop get hit it would have taken me a few trades just to get back to even , let alone profit. Nothing is 100% . Accept it , deal with it and move on. Once you realize this and you develop your own strategy you will find that you only need a low win % to make $$$ it does not have to be 80-90% .
The basics of trading are simple that is why you do not need a degree or anything to do it. Most people just make it hard.
Conquer your emotions and you are 90% of the way to success."
Some of the people I work with are extremely successful traders, making 6 figure annual incomes as well as their day jobs (why do they carry on?) and their charts are quite bare. One just has a few moving averages and bollinger bands (instead of our AO). And when he can determine the direction of a trend he looks for the chance to get in and ride it. So he's an aimster without knowing it. That's how simple it should be.
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
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
dax m5 monday 12 pips, taken up approx 0850 London time and the next few bars. Not really a full setup, as towards purple and a few other conditions not satisfied, but it was a break of aims I considered worth taking
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
Sometimes it pays to get out soon as an opposite DA comes up, small loss here, shouldnt have been greedy, 5 or more pips profit had been available
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."