I missed your updates and am pleased to see todays update in fact i was waiting fir it
Thank you for that
Guys , this is the gent to learn from. If were you id bombard him with questions
But then again what is there to ask? Ask away
Grants Journal [Awarded Title: Guru of the Gurus]
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Grants Journal
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!
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Have just noticed that my journal has managed 10000 views....
I am extremely humbled and thank you all for keeping me on the straight and narrow.... ^:)^ ^:)^
Grant
I am extremely humbled and thank you all for keeping me on the straight and narrow.... ^:)^ ^:)^
Grant
success = patience + discipline - greed
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Grants Journal
Nice to have you back Grant. Yours was the first journal I really truly studied (collated all your posts and printed out a big fat hard copy) and I will continue to do so. Your thorough trades descriptions are always appreciated! Nice work as usual.
Dave
Dave
Now, I choose to make a profit in trading.
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Evening,
Tough day today, was away from the pc around midday (UK) when the nice set ups occurred and then although EU dropped from NY open (Dow/S&P) it was a very annoying extending 5th wave on m5 so no real opportunities to get in on m1.
That said 2 trades today which finished :
1. -6
2. +10
Total +4 (0.36%)
pdf below
cheers
Grant
ps. glad you find the pdfs useful Dave
Tough day today, was away from the pc around midday (UK) when the nice set ups occurred and then although EU dropped from NY open (Dow/S&P) it was a very annoying extending 5th wave on m5 so no real opportunities to get in on m1.
That said 2 trades today which finished :
1. -6
2. +10
Total +4 (0.36%)
pdf below
cheers
Grant
ps. glad you find the pdfs useful Dave
You do not have the required permissions to view the files attached to this post.
success = patience + discipline - greed
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Evening,
Not much trade time for me today, missed London am and NY took it sideways mostly when i was at my pc
1 trade that ended at -4 (-0.36%)
pdf below
cheers
Grant
Not much trade time for me today, missed London am and NY took it sideways mostly when i was at my pc
1 trade that ended at -4 (-0.36%)
pdf below
cheers
Grant
You do not have the required permissions to view the files attached to this post.
success = patience + discipline - greed
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Evening
Frustrating today for me..... EU has a high to low of 227 pips of which 200 were from London open. I got 9 of them... sigh
Draghi speech ruined the first move for me and my kids after school activities ruined the rest of the day.... (rofl) (rofl)
anyway todays trades were:
1. -5
2. +14
Total +9 (0.82%)
pdf below
I hope you got more!!! B-)
Grant
Frustrating today for me..... EU has a high to low of 227 pips of which 200 were from London open. I got 9 of them... sigh
Draghi speech ruined the first move for me and my kids after school activities ruined the rest of the day.... (rofl) (rofl)
anyway todays trades were:
1. -5
2. +14
Total +9 (0.82%)
pdf below
I hope you got more!!! B-)
Grant
You do not have the required permissions to view the files attached to this post.
success = patience + discipline - greed
-
Grant
- Posts: 943
- Joined: 14 Aug 2011, 14:52
- 14
Re: Grants Journal
Evening
Only 2 trades today as London am was a snooze fest and the US news killed most of the pm
1. -2
2. +12
Total +10 (0.91%)
pdf below
For the week i finished with 38 pips (+3.47%)
have a great weekend all
cheers
Grant
Only 2 trades today as London am was a snooze fest and the US news killed most of the pm
1. -2
2. +12
Total +10 (0.91%)
pdf below
For the week i finished with 38 pips (+3.47%)
have a great weekend all
cheers
Grant
You do not have the required permissions to view the files attached to this post.
success = patience + discipline - greed
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Grants Journal
hi, it was a difficult day, and in spite of 200 pips or whatever I haven't met anyone who got a sizeable percentage of them. It would have been a nice idea to open a trade on H1 Thursday and just let it run until the opposite dot shows up,which hasn't happened yet in spite of a retracement of 20 from today's top point. Again I don't know if anyone did that.
If you make 3.48pc every week, and don't withdraw anything, you're on target to multiply capital 5.5 times in a full year, so you havent done badly at all.
Immy and me reckon a suitable target is 50 pips/week, he says 10/day keeps jobs away (hehe). Well that would be probably assuming 1% per 10 pips.
If you make 3.48pc every week, and don't withdraw anything, you're on target to multiply capital 5.5 times in a full year, so you havent done badly at all.
Immy and me reckon a suitable target is 50 pips/week, he says 10/day keeps jobs away (hehe). Well that would be probably assuming 1% per 10 pips.
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: Grants Journal
Ray, Grant!
Agreed Ray! This might look like a meager 3.5% but compounded not even weekly but monthly would triple your account. 3.5 x 4 weeks round it to 10% a month = 3 times a year. that means turning a 10K account in to 30 k, do it one more year you have 90K another year, .. u get the gist... and all that by doing only 30pips a week! A WEEK A WEEK not a DAY A WEEK! we have to set small achievable, very achievable goals and then get on with it. So to get 10% a month, u only need 2.5% a week and that can be done with only 25 pips a week! that's 5 pips a day! Would you like to become a millionaire trading 5 pips a day? lol the sky is the limit!
Well Done Grant! and keep the good work going up and up and away! in the sky! where there is no limit! Have a great weekend everyone!
Agreed Ray! This might look like a meager 3.5% but compounded not even weekly but monthly would triple your account. 3.5 x 4 weeks round it to 10% a month = 3 times a year. that means turning a 10K account in to 30 k, do it one more year you have 90K another year, .. u get the gist... and all that by doing only 30pips a week! A WEEK A WEEK not a DAY A WEEK! we have to set small achievable, very achievable goals and then get on with it. So to get 10% a month, u only need 2.5% a week and that can be done with only 25 pips a week! that's 5 pips a day! Would you like to become a millionaire trading 5 pips a day? lol the sky is the limit!
Well Done Grant! and keep the good work going up and up and away! in the sky! where there is no limit! Have a great weekend everyone!
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
Re: Grants Journal
Another nice week Grant, as always well done.
I'm going to hijack your journal for 2 mins....
Ray, just a small piece of advice and ignore it if you wish and/or tell me to nick off. It's all well and good to focus on the end point, to calculate 1% a day for a year = X times growth of our account, but don't let that end goal cloud your short term judgement and force action. What I mean is, if your action plan says you should have growth of e.g. 10% at a particular stage, and you have 7%, then don't feel forced to find a winner just because you're behind your target. I am very guilty of this error. When first started trading I made a lot of money quickly and it caused me to reset all of my targets and goals and when I hit a few losses I chased those targets and ended up losing most of what I had made. Emotionally this was a very tough blow and I learned a lot about myself and ultimately the outcome of this experience was that it led me to AIMS - so all wasn't lost!
What I'm trying to say is, don't miss the trees for the forest. Take the right action, right now. Lay the bricks. Forget the end point and achieve the micro goals and the forex dream will take care of itself.
Just my opinion. Have a cracking weekend! I'm about to go snorkeling, what are others doing that's not in front of a computer?
Dave
I'm going to hijack your journal for 2 mins....
Ray, just a small piece of advice and ignore it if you wish and/or tell me to nick off. It's all well and good to focus on the end point, to calculate 1% a day for a year = X times growth of our account, but don't let that end goal cloud your short term judgement and force action. What I mean is, if your action plan says you should have growth of e.g. 10% at a particular stage, and you have 7%, then don't feel forced to find a winner just because you're behind your target. I am very guilty of this error. When first started trading I made a lot of money quickly and it caused me to reset all of my targets and goals and when I hit a few losses I chased those targets and ended up losing most of what I had made. Emotionally this was a very tough blow and I learned a lot about myself and ultimately the outcome of this experience was that it led me to AIMS - so all wasn't lost!
What I'm trying to say is, don't miss the trees for the forest. Take the right action, right now. Lay the bricks. Forget the end point and achieve the micro goals and the forex dream will take care of itself.
Just my opinion. Have a cracking weekend! I'm about to go snorkeling, what are others doing that's not in front of a computer?
Dave
Now, I choose to make a profit in trading.