trading looks perfectly easy with hindsight! Monday - American holiday, range only 100 pips......
The thing to do would have been to buy around 1200 GMT, sell around 1400 and close around 1600.........
As it happens I took a short entry around 1545, break of m5 aims, AO cross down, and stayed in for about half an hour, and sold when it retraced 10 off the bottom......taking around 40 pips. I can see there was a 'fruit' sale signal soon after the peak of around noon which would far more than have doubled up the gain.
I can see what Immy means about the rubber band and angulation, it is one of those things about charts that needs trained eyeballs, and holds a lot of merit...... I don't know whether distance from gator lips could be represented numerically..................
Ray's amnesty page
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wiseambitions
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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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immy
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Re: Ray's amnesty page
Have you forgotten the histogram at the bottom? Peak to Peak... check it visually or numerically your choice! but lets not complicate things again. its simply price away from gator eWave peaking... simple...wiseambitions wrote:
I can see what Immy means about the rubber band and angulation, it is one of those things about charts that needs trained eyeballs, and holds a lot of merit...... I don't know whether distance from gator lips could be represented numerically..................
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!
-
wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Thanks, yes it's so powerful to see AO drawing a peak and fading........... mustn't forget to keep an eye on it......
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
- 13
Re: Ray's amnesty page
For being predominantly a trader of m5 (dax) a lot of patience is needed.
Tuesday morning, big gap up, no s1 signal for me 1 and three quarters hours after FO, some days can be like this, but if I can keep an eye on the screen it's worth waiting for a proper setup and not jumping the starting gun.........
9 45, It eventually did come down, I took 20 pips and got out as I see there's news at 10am, and I didn't want to be exposed to any adverse spikes from that ............ however as is often the case it fell further after I exited!
Anyway thanks for 20 pips
Tuesday morning, big gap up, no s1 signal for me 1 and three quarters hours after FO, some days can be like this, but if I can keep an eye on the screen it's worth waiting for a proper setup and not jumping the starting gun.........
9 45, It eventually did come down, I took 20 pips and got out as I see there's news at 10am, and I didn't want to be exposed to any adverse spikes from that ............ however as is often the case it fell further after I exited!
Anyway thanks for 20 pips
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
In pursuit of less stress and enjoying the nice feelings I'm turning it off for now, 61.9 net pips today, very happy
My last trade was a short, opened about 1350hrs for 36 pips (closed after some retracement), I suppose I was in the trade for about an hour
My current thinking is "to be in a trade for far less time than not in a trade"
But mindful that the higher the time frame, probably the slower you are getting the intended outcome.........
My last trade was a short, opened about 1350hrs for 36 pips (closed after some retracement), I suppose I was in the trade for about an hour
My current thinking is "to be in a trade for far less time than not in a trade"
But mindful that the higher the time frame, probably the slower you are getting the intended outcome.........
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
Wednesday, early trend is downwards on Dax, don't know how long it will play out, however as I usually trade m5 on s1 entries I can see the AO is very deep and the alligator is wide open so my best bet is go away for an hour, and think about something else.... I may have chance to do some trading during the day if it sorts itself out. This is when patience is needed and where I have indelibly proven that patience is rewarded.
I would not be surprised if the Fruit counter-trend system would say go long anytime here, but it's not yet my strategy
0945. Came back and had another look, m5 aims box high. Otherwise it almost looked like a long signal around 0925 but gator had not slept properly and yes it's the height of that aims box that detracts. Little surprise therefore that it dropped back after 0930
I suppose it would have been nice to be in short, but I'm happy to wait now. Why do I bother to write this? Not only to talk to myself but maybe to be of some positive influence to others and new members because if you follow the system it works! By acting carefully and patiently yesterday I exceeded a week's target so it does pay to sit and think and not always think you have to be in the market
1300 GMT update
I tried a long trade and although it went right to start with, I was greedy and didn't take the available profit. Paid a rent
Waited for opposite signal. Took the next short. It may have had a small adverse excursion but I pulled out a few minutes ago.
Net result up 14.1 pips.
I might have done far better but it wasn't a bad morning, a profit is a gainful experience.
I would not be surprised if the Fruit counter-trend system would say go long anytime here, but it's not yet my strategy
0945. Came back and had another look, m5 aims box high. Otherwise it almost looked like a long signal around 0925 but gator had not slept properly and yes it's the height of that aims box that detracts. Little surprise therefore that it dropped back after 0930
I suppose it would have been nice to be in short, but I'm happy to wait now. Why do I bother to write this? Not only to talk to myself but maybe to be of some positive influence to others and new members because if you follow the system it works! By acting carefully and patiently yesterday I exceeded a week's target so it does pay to sit and think and not always think you have to be in the market
1300 GMT update
I tried a long trade and although it went right to start with, I was greedy and didn't take the available profit. Paid a rent
Waited for opposite signal. Took the next short. It may have had a small adverse excursion but I pulled out a few minutes ago.
Net result up 14.1 pips.
I might have done far better but it wasn't a bad morning, a profit is a gainful experience.
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
ECB's QE Leaked: Board Proposes €50 Billion In Bond Monetization Per Month, Dow Jones Reports
no wonder it went mad in the last half an hour
no wonder it went mad in the last half an hour
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: Ray's amnesty page
Before the market printed letters and sentences, the market has already discounted for it... in seconds... and today I was long...wiseambitions wrote:ECB's QE Leaked: Board Proposes €50 Billion In Bond Monetization Per Month, Dow Jones Reports
no wonder it went mad in the last half an hour
You do not have the required permissions to view the files attached to this post.
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Well done Immy, anyone who was south of the alligator and short was probably slipped a few pips on any stop with that move !
I wasnt watching intensely at the time.
I can see there was a lot of pressure as per your elastic band principles in the 15 minutes prior
I wasnt watching intensely at the time.
I can see there was a lot of pressure as per your elastic band principles in the 15 minutes prior
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
Email seen today from GFT:
In light of last Thursday’s extraordinary market events, we are forgiving all negative balances incurred by GFT Markets retail clients on 15 January, 2015 where permitted by regulation. Affected clients will be notified by email and we expect all credits to be completed and posted to clients’ trading accounts by 5pm ET on Thursday, 22 January, 2015.
Your continued trust and loyalty drive every decision we make. We will continue to challenge ourselves to provide you with the best tools and resources to help you succeed in the markets, along with the level of service and support you expect from a global market leader.
Thank you for trading with us.
GFT Markets
In light of last Thursday’s extraordinary market events, we are forgiving all negative balances incurred by GFT Markets retail clients on 15 January, 2015 where permitted by regulation. Affected clients will be notified by email and we expect all credits to be completed and posted to clients’ trading accounts by 5pm ET on Thursday, 22 January, 2015.
Your continued trust and loyalty drive every decision we make. We will continue to challenge ourselves to provide you with the best tools and resources to help you succeed in the markets, along with the level of service and support you expect from a global market leader.
Thank you for trading with us.
GFT Markets
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."