Silly me. I must have been intoxicated with so much tea that I wasn't thinking straight!
Happy new year anyway. I can hear pips dropping, windfalls of gains, and people doubling their accounts every few weeks........
Elliott Wave Indicator - Elliott Wave in 1 Second
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 12
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
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
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Ray!
Nevermind! Happens to all of us. I was curious, have you read and understood 10 seconds to Elliott Wave eBook?
cheers
Nevermind! Happens to all of us. I was curious, have you read and understood 10 seconds to Elliott Wave eBook?
cheers
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
- 12
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Hi, yes it's a good book, well written, and a concise summary of the basic theory.
A key message being that while there is good money to be had from surfing the w5s, there are risks of whipsaw around the w4 (which the trend line helps avoid to some extent).
Maybe a future development is how to get the most out of w3 and w5 when unable to babysit the trades - a bit of work around break even resets and trailing stops would be useful there methinks
A key message being that while there is good money to be had from surfing the w5s, there are risks of whipsaw around the w4 (which the trend line helps avoid to some extent).
Maybe a future development is how to get the most out of w3 and w5 when unable to babysit the trades - a bit of work around break even resets and trailing stops would be useful there methinks
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
- 14
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Ray!wiseambitions wrote:Hi, yes it's a good book, well written, and a concise summary of the basic theory.
A key message being that while there is good money to be had from surfing the w5s, there are risks of whipsaw around the w4 (which the trend line helps avoid to some extent).
Maybe a future development is how to get the most out of w3 and w5 when unable to babysit the trades - a bit of work around break even resets and trailing stops would be useful there methinks
May be the best future development is to NOT develop anything! and JUST do it! e.g. what you're doing, is great... why fix the unbroken!
how about it, then?
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
- 12
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Fired up with enthusiasm Immy, here are some fantastic statistics from my accounts: (real money not demo too).immy wrote:Ray!wiseambitions wrote:Hi, yes it's a good book, well written, and a concise summary of the basic theory.
A key message being that while there is good money to be had from surfing the w5s, there are risks of whipsaw around the w4 (which the trend line helps avoid to some extent).
Maybe a future development is how to get the most out of w3 and w5 when unable to babysit the trades - a bit of work around break even resets and trailing stops would be useful there methinks
May be the best future development is to NOT develop anything! and JUST do it! e.g. what you're doing, is great... why fix the unbroken!
how about it, then?
1 october to 7 december 10 weeks
93 trades
852 pips
9.1 pips on average per trade
17 pips average per business day
85 pips a week on average
worst week, zero, no trades closed, neither profit nor loss
best week 316 pips
worst day -37 pips, best day 133 pips
best week, I'll just say the ROI was above 40pc and leave it at that (YES!)
If you had a gold mine would you just work there for 5 minutes a day? I'm happy to trade this 8 and more hours a day if these returns can be repeated.
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
- 12
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Dear Steve and Immy
Ewaves seems to be working fine today, and has been helpful in my trading.
There's something funny going on causing a difference when I looked at 1415GMT in the TZ1 numbers on m5. One broker had a price of 1.32411 on EURUSD but another (Alpari) was 1.32366 which is 5 pips lower.
All I can say is around 10 am Alpari prices were acting a bit out of order and they were imposing spikes of 5 and more pips lower than the first broker. (Someone phoned them and they said 'That's just he market' ...... poor excuse?). Perhaps 4 and 5 hours later that discrepancy in the price feeds was still affecting the Fib calculations on m5?
Ray
Ewaves seems to be working fine today, and has been helpful in my trading.
There's something funny going on causing a difference when I looked at 1415GMT in the TZ1 numbers on m5. One broker had a price of 1.32411 on EURUSD but another (Alpari) was 1.32366 which is 5 pips lower.
All I can say is around 10 am Alpari prices were acting a bit out of order and they were imposing spikes of 5 and more pips lower than the first broker. (Someone phoned them and they said 'That's just he market' ...... poor excuse?). Perhaps 4 and 5 hours later that discrepancy in the price feeds was still affecting the Fib calculations on m5?
Ray
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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Topher
- Free Member
- Posts: 405
- Joined: 22 Dec 2011, 21:11
- 13
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
I was trading with 3 others this morning and noticed the same spikes. We are all using different brokers and all saw the same 15-20pip spike downs. I was in a long trade at the time but it did not trigger my sl.
In total there were 7 spikes between 10:00 and 10:20 UK time.
Richard
In total there were 7 spikes between 10:00 and 10:20 UK time.
Richard
The forex market will pay you well for discipline.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
Alpari has been going bonkers of late. I'm worried. I have decided to spread my funds two at least 3 brokers. So I'm with GKFX, Pepperstone and Alpari Pro. Huge spikes today around that time. It even caused to me to miss that lovely wave 5 down. Which looked find on pepperstone and gkfx. oh well. broker difference will always be there and even a fraction of pip can sometimes, affect the count. My answer to that is, I go with the picture! But if you see obvious discrepancy like today, of course you have to go with the correct source, i.e. the correct underlying market information. ALL IMHOwiseambitions wrote:Dear Steve and Immy
Ewaves seems to be working fine today, and has been helpful in my trading.
There's something funny going on causing a difference when I looked at 1415GMT in the TZ1 numbers on m5. One broker had a price of 1.32411 on EURUSD but another (Alpari) was 1.32366 which is 5 pips lower.
All I can say is around 10 am Alpari prices were acting a bit out of order and they were imposing spikes of 5 and more pips lower than the first broker. (Someone phoned them and they said 'That's just he market' ...... poor excuse?). Perhaps 4 and 5 hours later that discrepancy in the price feeds was still affecting the Fib calculations on m5?
Ray
cheers
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
- 12
Re: Elliott Wave Indicator - Elliott Wave in 1 Second
I cant think what brokers seek to achieve by upsetting customers like that. I've had the same with one or two in Australia who spike everyone out with a 10pip surge at rollover time. Infuriating!immy wrote:Alpari has been going bonkers of late. I'm worried. I have decided to spread my funds two at least 3 brokers. So I'm with GKFX, Pepperstone and Alpari Pro. Huge spikes today around that time. It even caused to me to miss that lovely wave 5 down. Which looked find on pepperstone and gkfx. oh well. broker difference will always be there and even a fraction of pip can sometimes, affect the count. My answer to that is, I go with the picture! But if you see obvious discrepancy like today, of course you have to go with the correct source, i.e. the correct underlying market information. ALL IMHOwiseambitions wrote:Dear Steve and Immy
Ewaves seems to be working fine today, and has been helpful in my trading.
There's something funny going on causing a difference when I looked at 1415GMT in the TZ1 numbers on m5. One broker had a price of 1.32411 on EURUSD but another (Alpari) was 1.32366 which is 5 pips lower.
All I can say is around 10 am Alpari prices were acting a bit out of order and they were imposing spikes of 5 and more pips lower than the first broker. (Someone phoned them and they said 'That's just he market' ...... poor excuse?). Perhaps 4 and 5 hours later that discrepancy in the price feeds was still affecting the Fib calculations on m5?
Ray
cheers
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."