Ray's amnesty page

[wiseambitions]

From Azadar today:
The other thing I noticed is that I close my winners way too early. I should use green line much more often instead of exiting at the first sign of reversal (most often a fruit).

I agree. A buddy and I did a survey of all potential trades (core hours) to analyse the available pips from every setup. Basically an exit on touch of the Green Line as a trailing stop came out quite good, but in thinking about the maximum available pips from a trade prior to price draining back to green line, we found that we were still catching short of 50% of them. This was a survey on Dax for the complete month of March.

I know nobody can get the top of the market every time, and exits on green line were still hugely profitable, but I do think it's wise enough to take a big handful of pips off the table when they are there to be had, for example we wouldn't do wrong on m1 to take 25 or 40 pips (while the average loss is say 5 to 10) when the market moves fast.

[wiseambitions]

My experience this week can be summed up simply "The best trades work right away", and "we should be in a trade far less time than we are away from the marketplace".

A glance at my results from the previous rolling 20 proved I suffered a bit of a self-discipline problem at one stage, the 20 trade moving average did stay positive but one or two consecutive bad trades dragged down the tally. First loss is best loss, if the market shows signs of turning I must react earlier, the indicators are usually right!

Have a good weekend guys.


---------------
Several men are in the locker room in a golf club. A cell phone on a bench rings and a man engages the hands free speaker-function and begins to talk.
Everyone else in the room stops to listen.
MAN: "Hello"
WOMAN: "Honey, it's me. Are you at the club?"
MAN: "Yes"
WOMAN: "I am at the mall now and found this beautiful leather coat. It's only $1,000. Is it OK if I buy it?"
MAN: "Sure, ...go ahead if you like it that much."
WOMAN: "I also stopped by the Mercedes dealership and saw the new models. I saw one I really liked."
MAN: "How much?"
WOMAN: "$90,000"
MAN: "OK, but for that price I want it with all the options."
WOMAN: "Great! Oh, and one more thing.... the house we wanted last year is back on the market. They're asking $950,000."
MAN: "Well, then go ahead and make them an offer, but just offer $900,000."
WOMAN: "OK. I'll see you later! I love you!"
MAN: "Bye, I love you, too."

The man hangs up.
The other men in the locker room are looking at him in astonishment.
Then he asks: "Anyone know who this phone belongs to?"

[wiseambitions]

A jobless man applied for the position of 'Office boy' at Microsoft.

The HR manager interviewed him. Then watched him cleaning the floor as
a test. "You are employed," he said. "Give me your e-mail address
and I'll send you the application to fill in, as well as a date when you may
start". The man replied, "But I don't have a computer, neither an e-mail."
"I'm sorry", said the HR manager," If you don't have an e-mail,
that means you do not exist. And who doesn't exist, cannot have the
job."
The man left with no hope at all. He didn't know what to do, with
only $10 in his pocket. He then decided to go to the supermarket and
buy a 10kg tomato crate. He then sold the tomatoes in a door to door
round. Inless than two hours, he succeeded to double his capital. He
repeated the operation three times, and returned home with $60. The man
realized that he could survive this way, and started to go earlier everyday
and return later, thus his money doubled or tripled every day.
Eventually, he bought a car, then a truck, then he had his own fleet
of delivery vehicles. Five years later he became one of the biggest
food retailers in the US.

He started to plan his family's future, and decided to have a life
insurance. He called an insurance broker, and chose a protection
plan. When the conversation was concluded, the broker asked him his
e-mail. The man replied, "I don't have an e-mail."

The broker answered curiously, "You don't have an e-mail, and yet
have succeeded to build an empire. Can you imagine what you could have
been if you had an e-mail?!!" The man thought for a while and replied,
"Yes, I'd be an office boy at Microsoft!"

Moral of the story:

1) Email is not the solution to your life.

2) If you don't have email, and work hard, you can be a Millionaire.

3) If you received this message by email, means u missed a chance
to be a Millionaire.



Have a great day !!! Keep Smiling
PLEASE DO NOT FORWARD THIS E-MAIL BACK TO ME AS I'M CLOSING ALL MY
EMAIL ADDRESSES AND GOING TO SELL TOMATOES !!!:

[Tomi]

The man
realized that he could survive this way, and started to go earlier everyday
and return later, thus his money doubled or tripled every day.
Eventually, he bought a car,

Ray, I thought that in this point he would have bought a computer and created that damn email address. The moral of the story would have been not to break your current success formula and keep going as the drill is still sharp.

Anyway, nice story as you told it!

[wiseambitions]

Thanks Sam

================
In business (not in trading this stuff) they often say you're only as good as your last deal

This poem which I found today somewhat summarises things there! (and I am happy to be withdrawing from other business and concentrating on trading)

Indispensable man
Sometimes when you think you’re important
Sometimes when you’re in bloom -
Sometimes when you take it for granted
That you’re the most qualified in the room
Sometimes when you think that your leaving
Will leave an unfillable hole.-
Just take this simple example
And see how it humbles your soul
Take a bucket and fill it with water
Put your hand in up to the wrist -
Take it out and the hole that’s remaining
Is the measure of how you’ll be missed
You may splash all you wish as you enter
You may stir up the water galore -
But just wait for only one minute
And you will find it’s the same as before
Now the moral to this little story
Is to do the best you that can -
Be proud of yourself but remember
There’s no indispensable man

[wiseambitions]

I believe H4 breakouts are strong signals, and deviated somewhat from my m1 system to take advantage in the very early morning.

Alas I didn't stay in it as long as I could have done, but I had an acceptable return all the same.

[wiseambitions]

The 5 day ADR on Dax is now 282, I can't remember it this volatile before. That's like 2.5% of the indece's value every day. Some very high aims boxes around opening times, with tall candles often much more than 10 pips each m1 bar, demanding a lot of care if at all traded.

I closed out the day early, staying clear now as not only FOMC coming up, but I'm going out.


=============================================================================


Now this, I gather Barclays have been fined top price because they refused to settle up earlier..... (

No I'm not crying to see a bank get fair judgement!

Five of the world's largest banks have been hit with fines worth £3.6billion for rigging foreign currency rates.
Barclays alone will have to fork out £1.53billion for colluding to manipulate rates at its business in London.
JP Morgan, Citigroup, Barclays and RBS have also agreed to plead guilty to US criminal charges over their involvement in the latest scandal to engulf the industry.
The fifth, UBS, will plead guilty to rigging benchmark interest rates.
Barclays' fine included the largest ever penalty ever doled out by the UK regulator, the FCA, or its predecessor, the Financial Services Authority.

Read more: http://www.thisismoney.co.uk/money/mark ... z3ah9GouCQ

[immy]

The 5 day ADR on Dax is now 282, I can't remember it this volatile before. That's like 2.5% of the indece's value every day. Some very high aims boxes around opening times, with tall candles often much more than 10 pips each m1 bar, demanding a lot of care if at all traded.

I closed out the day early, staying clear now as not only FOMC coming up, but I'm going out.


=============================================================================


Now this, I gather Barclays have been fined top price because they refused to settle up earlier..... (

No I'm not crying to see a bank get fair judgement!

Five of the world's largest banks have been hit with fines worth £3.6billion for rigging foreign currency rates.
Barclays alone will have to fork out £1.53billion for colluding to manipulate rates at its business in London.
JP Morgan, Citigroup, Barclays and RBS have also agreed to plead guilty to US criminal charges over their involvement in the latest scandal to engulf the industry.
The fifth, UBS, will plead guilty to rigging benchmark interest rates.
Barclays' fine included the largest ever penalty ever doled out by the UK regulator, the FCA, or its predecessor, the Financial Services Authority.

Read more: http://www.thisismoney.co.uk/money/mark ... z3ah9GouCQ

The US Department of Financial Services said: 'In a fair and functioning economic market, a business takes on risk in the hopes of earning a profit.
'However, Barclays’ traders coordinated with other banks to help remove that risk and instead just take profits at the expense of their clients. In other words, it was a “heads I win, tails you lose” trading system for Barclays.' (angry)

[wiseambitions]

It's nice to be reminded that the system also works equally good for single company shares, like it ought to also for such things as pork bellies (!) or anything else for that matter which is regularly traded (hopefully in a liquid market).

It makes it look so simple, just to wait for a dot alert before considering all the other indicators, and that is a useful reminder.


-----
And I gather the individuals who were up to bad things at Barclays etc have not been named, even if they no longer have employment there. And yet still the Hound of Hounslow, working from a bedroom in a house in England, acting on his own, is wanted for extradition to America! Actually I wonder if those bank guys if aworking for themselves like we do would even be good traders. Especially typical of their type when they say things like "If you aint cheating you aint trying". Let's stick to the rules and follow the setups, it is beyond our power or will to upset the markets.

[immy]

It's nice to be reminded that the system also works equally good for single company shares, like it ought to also for such things as pork bellies (!) or anything else for that matter which is regularly traded (hopefully in a liquid market).

It makes it look so simple, just to wait for a dot alert before considering all the other indicators, and that is a useful reminder.


-----
And I gather the individuals who were up to bad things at Barclays etc have not been named, even if they no longer have employment there. And yet still the Hound of Hounslow, working from a bedroom in a house in England, acting on his own, is wanted for extradition to America! Actually I wonder if those bank guys if aworking for themselves like we do would even be good traders. Especially typical of their type when they say things like "If you aint cheating you aint trying". Let's stick to the rules and follow the setups, it is beyond our power or will to upset the markets.

The Banks Make their own Markets! They can't do the same in Indices, commodities and Stocks.

and yes the system works pretty good for individual stocks too!