Ray's amnesty page
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Tomi
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wiseambitions
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Re: Ray's amnesty page
Thursday. 2 lucky shots. I had some unlucky ones too
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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immy
- Founder
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Re: Ray's amnesty page
Hey Ray... nice trades ...
but is trading really about "luck"?
but is trading really about "luck"?
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
Sometimes it's luck, like this one here, which I set and went to an appointment and came back to see it took a reasonable profit.
However I suppose the previous 2 trades were started fairly well according to fractals and AO,and the exits by way of manually adjusted SL bar by bar (babysitting the trade) were not a long way away from the maximum available profit.
However I suppose the previous 2 trades were started fairly well according to fractals and AO,and the exits by way of manually adjusted SL bar by bar (babysitting the trade) were not a long way away from the maximum available profit.
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
- 14
Re: Ray's amnesty page
yep, luck is luck!!! of course it would be nice to get luck more than not... but as you know very well, having an edge in its self is perhaps being lucky. Dare I say, not many people understand what an edge is.
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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Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
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Re: Ray's amnesty page
Leading edge? Thick edge? Inside edge?
Now, I choose to make a profit in trading.
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wiseambitions
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Re: Ray's amnesty page
An edge requires structure. There are times the market behaves with structure. The price does the things that the indicators suggest it will do, eg alligator open one way, Fib points reached, breaks of fractals mean continued moves etc. And there are times in a given timeframe nothing does what it might reasonably be expected. The first 3 or 4 bars of m1 at LO with Dax on Thursday when it broke fractals at top and at bottom of its previous range before deciding what it was going to do might have been such times. But an edge is about high probabilities and overall advantage, even if a concept is only profitable 51% of the time on a 1:1 RR it still had an edge and is capable of eventual gain.
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
Have a look guys at what happened on your broker charts to GU at midnight, 1.26 down to under 1.18 and back up a bit. I wonder what all that was about
Update 0655. Some say it was a fat finger others say an algorithm
news articles are starting to talk about it
http://news.sky.com/story/flash-crash-f ... y-10608056
Update 0655. Some say it was a fat finger others say an algorithm
news articles are starting to talk about it
http://news.sky.com/story/flash-crash-f ... y-10608056
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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Hill
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Re: Ray's amnesty page
Though people say it is not a natural event, I tend to believe this as natural phenomena.
Like the river floods, market also floods, sometimes flash flood, which is about to happen anytime, It is quite natural for market to behave like this.
Like the river floods, market also floods, sometimes flash flood, which is about to happen anytime, It is quite natural for market to behave like this.
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wiseambitions
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- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
True, anything can happen any time, but for such a spike at a time when UK and USA were asleep and for it only to be shortlived was all rather unusual.
Perhaps this is why I was pondering yesterday whether the words of Einstein are right, he said the most important question is "Is the universe a friendly place?". Well the way nature works, with victims falling prey to other wild life, natural events of course, and the actions of a few distorted people make you realise he had a good point.
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The opinion of 1 broker:
The US Non-Farm Payroll (NFP) report is almost always released on the first Friday of the month. Ordinarily, the Asian session before the NFP report is subdued with slow order flow and narrow price ranges. This was not the case today!
Just after the NY close and a hour before the Tokyo open, comments from French President Francois Hollande demanding a "Hard Brexit" triggered a 6% plunge in the GBP/USD in just under 5 minutes. The pair was already under pressure on the day having close the NY session down 130 points to 1.2615.
Hollande's comments echoed recent statements from EU Commission President, Jean-Claude Junker, that the UK must "pay a heavy price" to leave the EU as a way to avoid contagion and "protect the fundamental principles of the single market".
None of these comments are particularly fresh news, which leads us to believe that sharp move lower was probably algorithmically based, likely magnified by thin market conditions before the Toyko open and almost definitely related to an exotic option structure with knock In/out barriers somewhere with in the range.
The selloff in the GBP/USD was so swift and aggressive that even hours after the event, there is no consensus of exactly what price marked the low of the move. According to Reuter's, the low bid was 1.1860. However, we have heard from different price vendors that the low bid was over 100 points on either side of that level.
Perhaps this is why I was pondering yesterday whether the words of Einstein are right, he said the most important question is "Is the universe a friendly place?". Well the way nature works, with victims falling prey to other wild life, natural events of course, and the actions of a few distorted people make you realise he had a good point.
-------------------
The opinion of 1 broker:
The US Non-Farm Payroll (NFP) report is almost always released on the first Friday of the month. Ordinarily, the Asian session before the NFP report is subdued with slow order flow and narrow price ranges. This was not the case today!
Just after the NY close and a hour before the Tokyo open, comments from French President Francois Hollande demanding a "Hard Brexit" triggered a 6% plunge in the GBP/USD in just under 5 minutes. The pair was already under pressure on the day having close the NY session down 130 points to 1.2615.
Hollande's comments echoed recent statements from EU Commission President, Jean-Claude Junker, that the UK must "pay a heavy price" to leave the EU as a way to avoid contagion and "protect the fundamental principles of the single market".
None of these comments are particularly fresh news, which leads us to believe that sharp move lower was probably algorithmically based, likely magnified by thin market conditions before the Toyko open and almost definitely related to an exotic option structure with knock In/out barriers somewhere with in the range.
The selloff in the GBP/USD was so swift and aggressive that even hours after the event, there is no consensus of exactly what price marked the low of the move. According to Reuter's, the low bid was 1.1860. However, we have heard from different price vendors that the low bid was over 100 points on either side of that level.
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."