Michael's (zlabis) Journal [The Magician]

[immy]

If you can double it in 13 weeks on Demo, do you think you can do that same on Live? oh yes, absolutely... You used the same lot sizes as you are suing in live trading now and you've already created a great powerful 2 weeks which would allow your mind to stay positive and confident. its your job now to not allow "being invincible" feeling to creep up. We have to maintain a balance. Not scared, completely care free state of mind but at the same time making sure we are not reckless as well. Its all about striking that balance. Enjoy Enjoy Enjoy!

[immy]

If you can double it in 13 weeks on Demo, do you think you can do that same on Live? oh yes, absolutely... You used the same lot sizes as you are suing in live trading now and you've already created a great powerful 2 weeks which would allow your mind to stay positive and confident. its your job now to not allow "being invincible" feeling to creep up. We have to maintain a balance. Not scared, completely care free state of mind but at the same time making sure we are not reckless as well. Its all about striking that balance. Enjoy Enjoy Enjoy!

I don't know if all of the aimsters have paid attention and understand the power and weight of what you've achieved. Because I think this is something GRAND. Doubling your account in 13 weeks is not a joke. It is a FEAT only some of us are able to achieve. Not many of us have doubled their accounts even if its demo. And I won't say "just demo" because demo is a powerful tool that sadly not many of us use properly.

Some people might double their accounts using in-appropriate lot sizes (high risk) and "Get lucky" on a few trades that substantially increased their account. But If you trade on normal lot sizes and you're able to double your account consistently following a proper strategy that does not involve a few very lucky trades that might take a big percentage of the over all profit then you've done a great job. And I know you've not taken huge risks rather you've risked a certain percentage of the account per trade consistently instead of variable risk as per "your feeling". There are lots of examples out there with "gambling type increases" such as this below. The trader has taken substantial risk on a 10K account trading Dax m1 1 standard lot of CFD. That is huge risk. But still the strategy would have resulted in a 10% loss or 50% growth. So it was sound but high risk.

25-01-2015 17-51-29.png

25-01-2015 18-05-29.png

Below is an example of relatively ok trader but one who has trouble with keep his wins and occasionally getting in trouble and losing more than he made in a month in one day.

25-01-2015 17-55-39.png

The following is a monthly growth of a professional trader. They are not huge gains but they all pile up at the end of the year. This is what we are after. 5-10% a month but if you can double it in 13 weeks without risking too large portions of your account then you are a MASTER TRADER with MASTER STRATEGY

[zlabis]

I don't know if all of the aimsters have paid attention and understand the power and weight of what you've achieved. Because I think this is something GRAND. Doubling your account in 13 weeks is not a joke. It is a FEAT only some of us are able to achieve. Not many of us have doubled their accounts even if its demo. And I won't say "just demo" because demo is a powerful tool that sadly not many of us use properly.

Some people might double their accounts using in-appropriate lot sizes (high risk) and "Get lucky" on a few trades that substantially increased their account. But If you trade on normal lot sizes and you're able to double your account consistently following a proper strategy that does not involve a few very lucky trades that might take a big percentage of the over all profit then you've done a great job. And I know you've not taken huge risks rather you've risked a certain percentage of the account per trade consistently instead of variable risk as per "your feeling". There are lots of examples out there with "gambling type increases" such as this below. The trader has taken substantial risk on a 10K account trading Dax m1 1 standard lot of CFD. That is huge risk. But still the strategy would have resulted in a 10% loss or 50% growth. So it was sound but high risk.

Below is an example of relatively ok trader but one who has trouble with keep his wins and occasionally getting in trouble and losing more than he made in a month in one day.

The following is a monthly growth of a professional trader. They are not huge gains but they all pile up at the end of the year. This is what we are after. 5-10% a month but if you can double it in 13 weeks without risking too large portions of your account then you are a MASTER TRADER with MASTER STRATEGY

I really think that we all can accomplish big gains with low risk with the AIMS strategies. Only situation I can imagine where it doesn't work - where no strategy at all will work - is if market is running flat for day or weeks.
I think what's really important due to that, beside the big part of mental aspects, is to focus on 1 market at one timeframe until you really understand and get a feeling of it's behaviour. This helps me to filter tradeable market conditions. Although the rules for entries and exits are written down in the set of rules, it still needs "intuition" and "feeling" (sorry, I haven't got other words) for every single market to trade it properly and not to trade it like a robot, taking every single entry or exit signal.

For calculating a rather reliable average Pip count (i.e. daily, weekly,...), I think, more months of trading are necessary, where DAX goes through different stages of movement. I'm sure, I can say more about it in 6 months but my goal is to stay consistant by trading our system with discipline and patience and by working on my trading-mind development.

[zlabis]

Mon. Jan 26, 2015

Screen time NY-session 16:15 - 18:30 (GMT+1) M1/M5 DAX only.

Today I had no time in the morning for joing the London open session, so I tried to be here in the afternoon.

Some minutes after I opened DAX chart there showed up the first entry opportunities. One rent with trade #1 was the start of a nice campaign (trade #2). I didn't take out maximum Pip count out of the up move but it's important to me that I feel comfortable, so I closed add on 1 and entered short at a good down fruit. As I let init trade run, I was still long as market went up further. Another add on at SAR of the shorty brought me some additional Pips.

After that Dax went sideways in a tight range. I tried to catch the breakout what I actually did but it paid only 15 Pips with a trade duration of 55 minutes and 1 paid rent. Volatility and dynamic was too low for trading. But anyway, I followed the exit rules what kept me in and 15 Pips will be, at the end, 1% account gain.

Today's result (only NY-sesion):
- 14 + 79 - 18 + 15 = + 52 Pips - a very promising start into week #5

[zlabis]

Tue. Jan 27, 2015

Screen time LO-session 09:00 - 11:00 (GMT+1) M1/M5 DAX only.

Exactly at LO there appeared a nice up fruit which was a good entry, but i missed it. At top of following down move there was a very obvious PC (Principle C) but decided to concentrate on fruit entries (althoug that particular formation actually WAS a BDB as well, so probably worth taking).

Caught the following up move at a beautiful up fruit with big angulation and strong movement away from gator as well as fastly opening gator. Got some nice Pips with one add on.

Then there followed a period of a tight range of only 24 Pips for about an hour where I had to pay 4 rents. The 4th rent, which I closed manually at +1p, would have gone to init SL as well, so I counted it as a rent.

Again I called my daily disaster SL rules into my mind, which tells me that I'm done for the session EITHER after 5 rents in a row OR at -60 Pips day-count.
This helps me to prevent trading "to get back my losses immediatly". I don't take higher risk or riskier entries, I WILL SIMPLY QUIT. Simple concept but not so easy to stick to ;-) ! At the next session it's only one small campaign that fetches back the rents.

Today's result:

+ 42 - 30 = + 12

This is crazy ;-) one winner against 4 rents still pays me + 12 Pips or nearly 1% (at my final risk stage). If we can replicate trading like this where 1 winner counts out 4 rents by far, we can really get into the state of "Stress Free Trading". On my observation, it doesn't work out every day but on weekly base there is hardly any exception, IMHO

[zlabis]

Wed. Jan 28, 2015

Screen time LO-session 09:00 - 11:30 (GMT+1) M1/M5 DAX only.

DAX started beautifully at LO with a picture book w1-w2 formation which I missed for any reason. But I was sure that there will be more movement today, since it already had nice volatility and dynamic.
At the succeeding down-move a counter fruit made me jump on. Fruit failed but SAR brought me short. My protective subconscious mind let me not add on and exit short at small up fruit, SAR there as well, instead of let init trade run and adding an at next AIMS break. SAR long failed so SAR into trend again. Out with nice Pips as DAX stalled near YD's low.

The following correction offered on good up fruit with add on and one down fruit at purple which failed. Overall a small + at that smooth correction (at that time w4).

The next breakout offerd some good opportunities to enter. I took the break of AIMS which coincided with a Principle 5 and I thought to catch w5 (later it turned out to be w3). Made some decisions due to protective emotions: didn't take add on and exited at small up fruit.

In summary I can say that Pip count of today is ok but I have to work on my subconscious protective feelings which cost me many, many Pips by not taking add ons and by exiting too early. It was obvious today at the last campaign, that I feared to give away Pips as total result, to that point of time, was not very high (around +15p). I hadn't checked trading history but I knew that Pip count was not high. I will simulate today's session with Forex Tester to gain confidence. I think it can help.

Today's result:
- 9 + 13 + 22 - 11 + 38 = + 53 Pips - rather hard earned today - was not that calm as I want to be.

[immy]

Every day I see it and I see amazing trading. This is officially my favourite journal. I look forward to your posts every evening! thank you

[zlabis]

Thu. Jan 29, 2015

Screen time LO-session 09:00 - 10:00 (GMT+1) M1/M5 DAX only.

Yesterday in the evening, I simulated my yesterday's trading because while being in a trade I often feel urged to do or leave something by protective purpose. Particularly I tend to scrub add ons and to exit hastly. Both behaviours will kill profit in the long run when we depend on bigger winners, if market sometimes doesn't move that nicely anymore. I gained confidance at simulated trading and wanted to bring up iron will to stand fear and need of protection while trading.

Today, I was full of motivation to take add ons and exits at the right places and DAX started at LO with good volatilty again, as very often for last 3-4 months. I was not there yet as DAX broke out classicly 15min before LO but I didn't care. It went up smoothly until a fruit appeared what could have meant that up move was over. Although fruit had no angle, it was worth taking, IMHO, because AO peaked right there, it was a peaking-out pin bar, on M5 it rejected at purple and there was a slight down bias of DAX at that time as well.
PO was triggered with good down move but after that my patiance and will to stand protective impulses were put to the proof. DAX made 3 swings where I got stopped out nearly before it broke out to the down side. My compromise to protection was that I placed add on below the low of the whole range and to take a long entry while swings were running.
Then I focused to SLs of both open positions. At the first up fruit with small retrace, I decided not to trail candles or pu SL above fruit because init trade was already in good profit and risk of add on was small as green gator was rather close - so I had small profit anyway, even if DAX had returned. After it went away from M1 purple nicely I was confident to be able close both positions at green gator.
Unfortunatly I had to exit manually because I had to quit because of other work for me to do.

Anyway, I'm rather happy with today's trading on the contrary to yesterday. I made nearly same pip count as YD but with much more discipline following my rules. It was much more relaxing and I quited with good mood.

Today's result:
+ 70 - 12 = + 58 Pips

[Michal]

Nice results Michael ! i've tried too but this time didnt work out for me. But i will keep loorking in your journal to get better cheers for pic. !

[zlabis]

Fri. Jan 30, 2015

Screen time LO-session 09:00 - 10:00 (GMT+1) M1/M5 DAX only.

Good volatility at LO again. In my opinion there was a small bias to downside and I tried to jump on the down trend with Trade 1. It didn't work out for only 1 Pip but anyway. Meanwhile, I was still positioned short, I took nice up fruit as well to make sure to be on board when starting to move. Both positions failed but second trade brought me into Trade 3 with add on which paid more than two rents before.

Had to quit after 45 minutes because I had to make preperations for skiing holidays.

It was a nice smooth trading day with clear replicable decissions, IMO. This is my main goal: trading consistantly with replicable good entries and exits according to my trading- and money management-plan that leads to solid profit over the time.

Today's result:
- 12 - 10 + 18 + 14 = + 10 Pips