What a Day! 8am - 10am Eastern Time
Eight out of ten winners, 20% profit. This surely is my best trading day ever!
On demo obviously.
It isn't me, I don't imagine I'm some elite trader or anything
and whilst this won't be a popular thing to say it isn't the system either.
I was monitoring the trades on three of my other favourite systems mentioned
recently and I would have achieved very similar results on all of them
That said, AIMS did perform exceptionally well today
But I've noticed, that when you have a day when the market trends up
smoothly and then reverses and trends down smoothly - all decent
systems will give you a decent profit
One glance at any of them will tell you to enter
So it isn't complicated, it's market behaviour
Some days the market is calm and orderly, other days neurotic and
up and down like a fiddler's elbow
When you have a very calm trader trading a very calm, trending market
a lot of money will be made
When you have a calm trader walking away from a chaotic
market a lot of money will be saved.
When you have an impulsive, impatient trader revenge
trading on one of those choppy days you get blown accounts
One of the rubicons you reach as a trader is when you simply
have no taste for trading unless the market is giving you
irresistible setups
Today was just like that.
Its been mentioned so many times - one of the most profitable
skills to learn is simply to walk away
Mickey's Journal
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
There's just one thing you said then which spoils it all. That the 4 figure profits you were making were just pretend! Otherwise you enjoyed yourself.
Do we do better trading in demo mode than with real money? Do we have good discipline either way? Do we let the winners run up when it's real money or do we take small profits just because we are afraid? Do we widen our stop losses because gremlins tell us the market will rebound anyway? Interesting thoughts.
Now here's something.
If you started with a new chart, and all you can see is the price bars, (do away with the grid if you will because that is not good on the eyes), what TWO indicators would you first add which would best tell you about the structure of the market?
For me, if I don't merely load a template, the first one is the Aims boxes. More than alligator, more than fruit signals, more than any other MA this gives me an instant assessment of what's going on.
The second is AO. (Or if you prefer eWaves, or if you are not using Aims as your core belief you might say MACD or QQE)
But then what?
For me it is something perhaps we have not often discussed, Donchian. I use the standard setting 21 if I want to watch it, which I suppose might give the fractals of about 4 times higher TF. If we look now at Dax for the first 2 1/2 hours of this morning, it makes a lot of sense of it. I certainly would not want to have a stop loss any wider than the other side of the channel it forms. And it accentuates turning points, which in my estimation tend to happen about once in 50 bars.
So this morning. Dax. Buy signal exactly at FO. Did anyone take it? Not me. But what was the potential? About 50 pips in the first 35 minutes. The last chance to get out with some reasonable victory was when aims broke m1 downwards, There was a short signal exactly round LO and a potential of 60 pips if taken after about 30 minutes, since which perhaps it's drifting.
The red and blue arrows on this chart are crosses of 6 and 50 EMAs
I made just 16 and 8, but 24 pips is still not a bad morning's work, no real complaints.
Do we do better trading in demo mode than with real money? Do we have good discipline either way? Do we let the winners run up when it's real money or do we take small profits just because we are afraid? Do we widen our stop losses because gremlins tell us the market will rebound anyway? Interesting thoughts.
Now here's something.
If you started with a new chart, and all you can see is the price bars, (do away with the grid if you will because that is not good on the eyes), what TWO indicators would you first add which would best tell you about the structure of the market?
For me, if I don't merely load a template, the first one is the Aims boxes. More than alligator, more than fruit signals, more than any other MA this gives me an instant assessment of what's going on.
The second is AO. (Or if you prefer eWaves, or if you are not using Aims as your core belief you might say MACD or QQE)
But then what?
For me it is something perhaps we have not often discussed, Donchian. I use the standard setting 21 if I want to watch it, which I suppose might give the fractals of about 4 times higher TF. If we look now at Dax for the first 2 1/2 hours of this morning, it makes a lot of sense of it. I certainly would not want to have a stop loss any wider than the other side of the channel it forms. And it accentuates turning points, which in my estimation tend to happen about once in 50 bars.
So this morning. Dax. Buy signal exactly at FO. Did anyone take it? Not me. But what was the potential? About 50 pips in the first 35 minutes. The last chance to get out with some reasonable victory was when aims broke m1 downwards, There was a short signal exactly round LO and a potential of 60 pips if taken after about 30 minutes, since which perhaps it's drifting.
The red and blue arrows on this chart are crosses of 6 and 50 EMAs
I made just 16 and 8, but 24 pips is still not a bad morning's work, no real complaints.
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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kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
Fractals for structure definitely!
Donchian channels is never discussed as far as I am aware.
I was following one guy for months who was making 20 pips
a day using DC
I've adapted the strategy a bit incorporating the double offset
MACD ( from the Effortless Abundance system )
Simply wait for price to cross centre Donchian just a little
and then when it reverses back over enter if MACD is crossing
zero
Exit when MACDs cross back over themselves as illustrated
Donchian channels is never discussed as far as I am aware.
I was following one guy for months who was making 20 pips
a day using DC
I've adapted the strategy a bit incorporating the double offset
MACD ( from the Effortless Abundance system )
Simply wait for price to cross centre Donchian just a little
and then when it reverses back over enter if MACD is crossing
zero
Exit when MACDs cross back over themselves as illustrated
You do not have the required permissions to view the files attached to this post.
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
Just had a nice little winner on cable
Price bounced off upper AIMS and Donchian
formed a DB wirh MACD crossing over to the
downside.
exit was central band and we see it reversed up
after that
Price bounced off upper AIMS and Donchian
formed a DB wirh MACD crossing over to the
downside.
exit was central band and we see it reversed up
after that
You do not have the required permissions to view the files attached to this post.
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
AIMS Donchian
These were the original rules - I forgot about
the 50SMA and RSI
Rules
Long
Enter long when there is a upward movement of the currency. The price bars should be above the 50 sma.
Watch for a dip in the RSI to above 35%.
Watch for the price bar to fall below the center Donchian Channel.
Set an entry at the center Donchian Channel.
All three Donchian Channels must be moving up.
I don't like the RSI rule
But I've been working on making it a bit more
AIMS friendly and it seems very simple
Sell Setup:-
Price goes above and then breaks down through central
Donchian AND 50SMA, confluent with cross of zero
on MACD
Follow price down and exit when price breaks up through
central Donchian and up through MACD zero
Still working on the AIMS friendly bit
the 50SMA and RSI
Rules
Long
Enter long when there is a upward movement of the currency. The price bars should be above the 50 sma.
Watch for a dip in the RSI to above 35%.
Watch for the price bar to fall below the center Donchian Channel.
Set an entry at the center Donchian Channel.
All three Donchian Channels must be moving up.
I don't like the RSI rule
But I've been working on making it a bit more
AIMS friendly and it seems very simple
Sell Setup:-
Price goes above and then breaks down through central
Donchian AND 50SMA, confluent with cross of zero
on MACD
Follow price down and exit when price breaks up through
central Donchian and up through MACD zero
Still working on the AIMS friendly bit
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
I've never wondered really what the middle line of DC is telling me, just like I have never been a fan of Bollinger bands
nevertheless for top and bottom markers to the channel I find DC a bit easier on the eye than fractal multifib
It all reminds me of a youtube video which Bill Williams once put up comparing fractals to the course of a big river, and the relevance of the 1.61 number even in nature.
nevertheless for top and bottom markers to the channel I find DC a bit easier on the eye than fractal multifib
It all reminds me of a youtube video which Bill Williams once put up comparing fractals to the course of a big river, and the relevance of the 1.61 number even in nature.
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."
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
AIMS and Structure
Largely experimental work today 12 trades
seven winners +1% profit solely due to
Stepper staking. I took some very
risky trades on demo just for test purposes
No I don't understand the middle DC band, actually
don't really understand anything but it really
did seem to be a highly consistent system
But to put it into an AIMS context
Rules:-
Flow Chart - ( if I could be bothered )
Long
Has Ewaves Zero line been crossed? Y/N
Is there a Break of AIMS? Y/N
Is Central DC band rising? Y/N
Has Central DC band been crossed? Y/N
Has 25 SMA been crossed? Y/N
Is price moving away from Purple? Y/N
If Y to all enter
Exit Discretionary but in the example below it is
simply the break of AIMS against you.
Now you may be thinking this set up bears an uncanny
resemblance to AIMS S1 set up
In this case yes, which is just added confluence.
Theoretically it is really just S1 or S2 but with DC
and 25 SMA as added filters
so it should actually be better
seven winners +1% profit solely due to
Stepper staking. I took some very
risky trades on demo just for test purposes
No I don't understand the middle DC band, actually
don't really understand anything but it really
did seem to be a highly consistent system
But to put it into an AIMS context
Rules:-
Flow Chart - ( if I could be bothered )
Long
Has Ewaves Zero line been crossed? Y/N
Is there a Break of AIMS? Y/N
Is Central DC band rising? Y/N
Has Central DC band been crossed? Y/N
Has 25 SMA been crossed? Y/N
Is price moving away from Purple? Y/N
If Y to all enter
Exit Discretionary but in the example below it is
simply the break of AIMS against you.
Now you may be thinking this set up bears an uncanny
resemblance to AIMS S1 set up
In this case yes, which is just added confluence.
Theoretically it is really just S1 or S2 but with DC
and 25 SMA as added filters
so it should actually be better
You do not have the required permissions to view the files attached to this post.
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
AIMS and Structure
For the avoidance of any doubt the above and below screenshots
are not in anyway some new innovative system. more thinking
out loud graphically.
It is basically just S1 or S2 however you want to dress it up.
Ray was talking about the best indicators to identify
structure.
Michael Zlablis used to refer to this regularly. If you
don't recognize the structure of the market it's
going to be hard going.
But the eye and the mind process information
differently from day to day, from mood to mood
and from person to person
So although some may argue you don't need AIMS
box, it's just fractals after all, that isn't
entirely true
and whilst AIMS box give a good idea of market
structure and Donchian Channel seems to do
little more than encase AIMS box it can certainly
be argued that not just encase but rather
showcase AIMS boxes so that visually an even
clearer picture emerges.
The central band doesn't always come as standard
and could be clutter especially if you use gator as well
and if you're using other MAs you might end up not
seeing the wood for the trees.
I was reading last night you should never have more than
two indicators on your chart as too much information
conflicts and confuses. Less is often more in charting.
Strictly speaking you don't need Donchian channels, AIMS
boxes or even Fractals as all of these can more or less be
deduced by analyzing price action
but if you want to determine market structure at a glance
they are certainly extremely useful
I've mentioned it before, there are other indicators
available that represent Fractals but nothing comes close
to Snorm's boxes
So actually got up in time for LO for a nice little win on EU
are not in anyway some new innovative system. more thinking
out loud graphically.
It is basically just S1 or S2 however you want to dress it up.
Ray was talking about the best indicators to identify
structure.
Michael Zlablis used to refer to this regularly. If you
don't recognize the structure of the market it's
going to be hard going.
But the eye and the mind process information
differently from day to day, from mood to mood
and from person to person
So although some may argue you don't need AIMS
box, it's just fractals after all, that isn't
entirely true
and whilst AIMS box give a good idea of market
structure and Donchian Channel seems to do
little more than encase AIMS box it can certainly
be argued that not just encase but rather
showcase AIMS boxes so that visually an even
clearer picture emerges.
The central band doesn't always come as standard
and could be clutter especially if you use gator as well
and if you're using other MAs you might end up not
seeing the wood for the trees.
I was reading last night you should never have more than
two indicators on your chart as too much information
conflicts and confuses. Less is often more in charting.
Strictly speaking you don't need Donchian channels, AIMS
boxes or even Fractals as all of these can more or less be
deduced by analyzing price action
but if you want to determine market structure at a glance
they are certainly extremely useful
I've mentioned it before, there are other indicators
available that represent Fractals but nothing comes close
to Snorm's boxes
So actually got up in time for LO for a nice little win on EU
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
I agree about the simpler the better. It's mainly about having a system which has an edge!
Today talking in terms of Dax it has only moved about 55 pips, and the ranging has been up down up down with lots of false signals. I don't tend to look for anything else although well managed trades on gold this afternoon could have been lucrative!
Today talking in terms of Dax it has only moved about 55 pips, and the ranging has been up down up down with lots of false signals. I don't tend to look for anything else although well managed trades on gold this afternoon could have been lucrative!
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: Mickey's Journal
But thinking still about showing structure on the chart, have you ever set cross vine to true on Ewaves? The effect can be a bit magical. I have just been checking it out again.......
It kind of punctuates the market, but obviously we have to trust Bill Williams' choice of settings as they are not adjustable although that might not be a bad thing
It kind of punctuates the market, but obviously we have to trust Bill Williams' choice of settings as they are not adjustable although that might not be a bad thing
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."