Ray's amnesty page

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immy
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Re: Ray's amnesty page

Unread post by immy »

wiseambitions wrote:Reported in the Daily Telegraph (London news paper)

According to Paddy Power, there are "no sunny days in sight" for financial markets.
With widespread investor panic and market turbulence, the bookmaker has opened the betting on the FTSE's downward spiral.
The bookmaker is offering a skimpy 5/2 (30pc chance) the FTSE 100 dips below 5,000 points before June – the first time since 2011.
Other specials include:
13/2 UK to enter recession before Q1 2017
8/1 Gold to reach $2000 before June
With persistent oil price volatility, the bookmaker makes it odds on for the black stuff to finish the month sub $31 a barrel.


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

We don't need to concern ourselves with any of that, so far as concerns CFD and SB trading.........there are signals to go short and signals to go long every day.........Just follow them and don't be loyal to any index or any currency just ACT IN YOUR OWN BEST INTERESTS, whichever way the system tells you to trade.

and with that bombshell I have added UK100 into my H1 trading battlefield ... These days, I look at D1 trends on sunday and select 6-10 pairs to trade... this one surely fits the checklist
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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
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Re: Ray's amnesty page

Unread post by wiseambitions »

Nothing wrong with that Immy, Footsie offers a fair bit of ADR, that's the thing we need!

I have been thinking about both fund managers I have worked for in the last 15 years. Both specifically prohibit financial advisers from helping clients try and time their investment purchases and disposals within market cycles. Which is vastly different from what we do here, i.e. buy cheap sell dear and vice versa!

Here's an article of the kind setting out their arguments that it is how long you are invested in the market, not when you enter, that matters most.
It's largely bunkum because we are short term traders, but perhaps partly relevant for long term investors
https://us.axa.com/axa-products/investm ... iming.html

Today is slow. I've been long on dax in current position since 1110 GMT. But my wife calls my trading "armchair finance". Trading should be relaxed, I like it stress free and straight forward, which this week has kindly been to me. :)
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."
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wiseambitions
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Re: Ray's amnesty page

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This is one of today's better trades for me, but I was late getting out of it, I might have also hesitated letting it open in the first place as it had to break purple line to confirm trend change in next TF.

38 pips in that one

124 trades for me this week. 78 (63%) were winners, or at least BE and the PF was 2.42, from average of 6.4 pips gain per trade, so it was a really good run altogether. Armchair finance is very satisfactory when it gets like this
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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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

US Bank Holiday. Difficult to know what to expect this session.

Short trade opened 1410GMT, exited a bit late, but 21 pips :)
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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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Better than nothing and better than getting up on a frosty morning and waiting for a train (without an available seat) to London to work 7 pips
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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."
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wiseambitions
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Re: Ray's amnesty page

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And another beauty with more than 50 pips
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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."
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immy
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Re: Ray's amnesty page

Unread post by immy »

wiseambitions wrote:And another beauty with more than 50 pips
Image
Now this is a good trade... :o
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Top
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Thanks Immy

The other day I passed on the thought that traders must not be loyal to a particular commodity, index, currency etc which they use in their business

This came from a mentor who says traders should be the most disloyal people. Able obviously to use the product to make a gain whichever way it moves.

Is there a way to check whether we have a bias? I think there is. I looked at my last 1000 trades for Dax.

53% were purchase trades and 47% were shorts.

Is it a significant difference?
Was this ratio truly to do with the signals?
Or is there a sub conscious desire in my head to support shares?

Try it gents, and ask yourself the same question, I think it's an important exercise.

Perhaps the next stage would be to see the total net gains made from going long and from going short. It might even add credence to what I'm saying about sub conscious bias! Including a desire to hold a trade for more time in a particular direction too!
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."
Top
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

A welcome win but perhaps I had moved my SL a bit close, stopped by GL on that one

38 pips
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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."
Top
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

and another 25, hardly looks like a valid entry as I was late noticing what was happening but I took it with a tight SL and enjoyed it.
Up more than 4% today on low risk trades, that's armchair finance for me, the way I like it
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."
Top
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