Yes Tomi, I'm not the best at counting waves but I do believe in them.......... and if I had a wave 5 in the equity curve I'd be so delighted
This morning was a bit choppy to start with then offered some good trades, although I had to go out for an hour
68 points on the example trade, I got out when I saw it come off the bottom, and am content with the winnings
PF so far this week is running at 1.97 which means the returns are decent. 412 pips
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
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
NYO
2 hours (Dax m1) of absolute YUK
YUK YUK and MORE YUK ! ! ! Not good to be in.
followed by resumption of downward trend. I guess Monday it is capable of climbing back up too, definitely I notice with currency that Monday often does the opposite of Friday, but today's rout was equity related and largely affected by weak oil.
2 hours (Dax m1) of absolute YUK
YUK YUK and MORE YUK ! ! ! Not good to be in.
followed by resumption of downward trend. I guess Monday it is capable of climbing back up too, definitely I notice with currency that Monday often does the opposite of Friday, but today's rout was equity related and largely affected by weak oil.
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
NYO
2 hours (Dax m1) of absolute YUK
YUK YUK and MORE YUK ! ! ! Not good to be in. Some would call it a flag pattern, small breakouts from big Aims boxes then retracements, purple line fairly level indicating no real trend
followed by resumption of downward trend. I guess Monday it is capable of climbing back up too, definitely I notice with currency that Monday often does the opposite of Friday, but today's rout was equity related and largely affected by weak oil.
2 hours (Dax m1) of absolute YUK
YUK YUK and MORE YUK ! ! ! Not good to be in. Some would call it a flag pattern, small breakouts from big Aims boxes then retracements, purple line fairly level indicating no real trend
followed by resumption of downward trend. I guess Monday it is capable of climbing back up too, definitely I notice with currency that Monday often does the opposite of Friday, but today's rout was equity related and largely affected by weak oil.
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
- 13
Re: Ray's amnesty page
I got chewed up a bit on Friday pm on whip, it improved later in the session, but would have been more profitable on m5 than on m1. Never mind.
Today I had a good morning, and decided that I would amend my money management slightly
The new decision is that if I have had a good morning and want to trade in the afternoon, I should be content with what the morning yielded but only trade at the most half of the risk that I would normally run with. So I might make something if I am successful, but will hopefully trade without giving back more than I have gained, and will hopefully build a little more on top of the morning's brick laying.
It definitely worked today. Max DD 2.62%, net return, a bit over 11%. ELEVEN PERCENT IN A DAY? My best pension fund hasn't done much better than that in a whole year. It's a case of taking the trades and only being afraid of fear.
And what's the most reliable way to avoid whip when doing the Dax? I think it's merely a case of only trading m1 between 0800 and 1030 GMT/BST and/or 1430 to 1630. Yes there are some nice moves at other times, but if I want to partake I think I should be going to m5 outside of the core hours.
Today I had a good morning, and decided that I would amend my money management slightly
The new decision is that if I have had a good morning and want to trade in the afternoon, I should be content with what the morning yielded but only trade at the most half of the risk that I would normally run with. So I might make something if I am successful, but will hopefully trade without giving back more than I have gained, and will hopefully build a little more on top of the morning's brick laying.
It definitely worked today. Max DD 2.62%, net return, a bit over 11%. ELEVEN PERCENT IN A DAY? My best pension fund hasn't done much better than that in a whole year. It's a case of taking the trades and only being afraid of fear.
And what's the most reliable way to avoid whip when doing the Dax? I think it's merely a case of only trading m1 between 0800 and 1030 GMT/BST and/or 1430 to 1630. Yes there are some nice moves at other times, but if I want to partake I think I should be going to m5 outside of the core hours.
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
I cant remember seeing this happen before but we had several bars reaching equal lows but it didn't draw a new fractal or form bottom of aims box
Fractals - need 2 bars each side of a lowest bar - converse if at the top - to be formed. I expected to see one
Fractals - need 2 bars each side of a lowest bar - converse if at the top - to be formed. I expected to see one
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
h4 of DAX - fractal break to the upside due within 50 points of where we are at 1340
PO 10447 long
PO 10447 long
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."
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Ray's amnesty page
Is that the EA you're using?
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!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
HA HAimmy wrote:Is that the EA you're using?
Please tell me the name of even ONE EA which consistently works?
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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Tomi
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Re: Ray's amnesty page
Yep, fractals do that sometimes. It's a problem when it happens near the fruit entry and if EA starts trailing fractals to incorrect place. I have seen this behaviour few times and easy to correct/handle manually. It's good to know.wiseambitions wrote:I cant remember seeing this happen before but we had several bars reaching equal lows but it didn't draw a new fractal
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Thanks Grant, I can't say I know that EA, and may I say in the whole field of advertising I've never seen so much hyperbole as there is when it comes to people pushing their robots. What a lot of money is wasted, not just paying for rubbish, but seeing them steal from the account. The only EAs allowed on my charts are TMs. I have been using the Steve Hopwood MPTM for a few years but I keep getting IT problems with it nowadays, perhaps the new builds of MT4 don't suit it, I can't think of any other reason.
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What have I learned this year?
1) The 20 trade pip counting plan. I have developed that concept a couple stages, for my own analysis, and now consider progress in terms of 100 trades, and in terms of the equity curve (return on capital) rather than pips.
2) Advice from Immy that after a profitable run, take capital out of the account to reduce a risk of giving it back.
What have I contributed?
1) I keep talking about the relationship of red line of alligator with a new line which is 25 EMA, not shifted, crosses of both lines often foretell strong movements in price
2) The relationship of 6EMA and 50EMA helping us keep the right side of trends. An extra 6EMA line shifted 3 to the right also helps show where the market has turned and you rather need price to be above the shifted EMA when riding long trades, vice versa when short. However neither of these lines show any particular relationship with the alligator like the 25EMA does for me and there's nothing "Fibonacci" about them either FWIW.
----------
What have I learned this year?
1) The 20 trade pip counting plan. I have developed that concept a couple stages, for my own analysis, and now consider progress in terms of 100 trades, and in terms of the equity curve (return on capital) rather than pips.
2) Advice from Immy that after a profitable run, take capital out of the account to reduce a risk of giving it back.
What have I contributed?
1) I keep talking about the relationship of red line of alligator with a new line which is 25 EMA, not shifted, crosses of both lines often foretell strong movements in price
2) The relationship of 6EMA and 50EMA helping us keep the right side of trends. An extra 6EMA line shifted 3 to the right also helps show where the market has turned and you rather need price to be above the shifted EMA when riding long trades, vice versa when short. However neither of these lines show any particular relationship with the alligator like the 25EMA does for me and there's nothing "Fibonacci" about them either FWIW.
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."