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Hi Ray,
I very carefully watch M5, because I know, that this is your TF and I found only 11 red or blue dots during the last week , which you could have traded. Where did you get the setups for the other 25 trades ? Do you trade also black dots, pink, white, green ?? Or do you rely more on aims levels, trend and your feeling ?. Would be interesting to know.
Happy pips !
Bettina
Hi a lot of them were 'add on' trades
I'm not having such good luck today. Might as well stay away
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."
Unfortunately this morning (Wednesday) is very choppy
Trading EU on m5
3 losses and only one small win so far. Am I the only one?
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."
Hi Ray, at least I haven't had any trades yesterday and today (so far). I'm following M1 on EUR/USD and GBP/USD. At the moment M5/AO or wave count (like W3 and W5 ended and diverged) keeps me out of markets. I consider myself as a picky one
wiseambitions wrote:Last week Immy said 'Dont change anything'
Seemed like sage advice
Unfortunately this morning (Wednesday) is very choppy
Trading EU on m5
3 losses and only one small win so far. Am I the only one?
Though they call me aggressive, specially Grant, but I am much more conservative when the market is not moving. I had one long trade on m1, which was a BE. and no trade so far.
cheers
ps: I guess you are short now...
pps: Tomi beat me to it... i have to press submit again...
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.
Tomi wrote:Hi Ray, at least I haven't had any trades yesterday and today (so far). I'm following M1 on EUR/USD and GBP/USD. At the moment M5/AO or wave count (like W3 and W5 ended and diverged) keeps me out of markets. I consider myself as a picky one
OK I saw there was a w3 (long trade) from about 5 to 7. Then a 4 (possibly) which dipped beneath purple line and took me in, (SL)then a week 5 which wasnt enough to get a decent TP from (SL) and yes I took a short and got out at about 1000GMT so two small wins so far, not enough to compensate.
Doesnt look like the market is moving, so many amber coloured AO bars. And of course we dont know in advance IF it will move!
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."
wiseambitions wrote:Last week Immy said 'Dont change anything'
Seemed like sage advice
Unfortunately this morning (Wednesday) is very choppy
Trading EU on m5
3 losses and only one small win so far. Am I the only one?
Though they call me aggressive, specially Grant, but I am much more conservative when the market is not moving. I had one long trade on m1, which was a BE. and no trade so far.
cheers
ps: I guess you are short now...
pps: Tomi beat me to it... i have to press submit again...
Ok I havent really been watching M1 but even M15 probably got chewed up in those conditions.
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."
Sorry to hog your journal Ray, but whenever the market is moving sideways like this I remember Immy's wise words... "we wait for the market to break the range."
So I interpret this as meaning that we can attempt trades into W3 so long as the entry is outside the current range (which is always hard to define but just taking the high and low of the day is a good start, or at the least we're taking entries that are outside the M5 levels when trading M1, so multiple AIMS will do or even better the M1 setting up just outside the M5 levels. I've noticed through simulation that a good starting point is the first fractal outside the alligator's mouth on the HTF). Or else we wait for the W3 and then try to get in on the W5.
Not sure if I've explained this well/correctly but I'd love to hear your opinion and of course the opinion of all other AIMSters - especially Immy as I stole his words to start with (and you can clog my journal if you'd prefer).
Dave wrote:Sorry to hog your journal Ray, but whenever the market is moving sideways like this I remember Immy's wise words... "we wait for the market to break the range."
So I interpret this as meaning that we can attempt trades into W3 so long as the entry is outside the current range (which is always hard to define but just taking the high and low of the day is a good start, or at the least we're taking entries that are outside the M5 levels when trading M1, so multiple AIMS will do or even better the M1 setting up just outside the M5 levels. I've noticed through simulation that a good starting point is the first fractal outside the alligator's mouth on the HTF). Or else we wait for the W3 and then try to get in on the W5.
Not sure if I've explained this well/correctly but I'd love to hear your opinion and of course the opinion of all other AIMSters - especially Immy as I stole his words to start with (and you can clog my journal if you'd prefer).
Nice one. Keep up the solid pipping!
Dave
Hi Dave, thanks for your meaningful input.
Yes the thing about W3 is true, unfortunately however one can only really identify a W3 when it has been running a fair while, because it tends to be the biggest bulge up or down in the AO Wave chart. Then of course not all W3 go to W5, and there is a dangerous bit in the middle with w4 which can suck you in on a retracement then stop you out fairly soon. And not all w5 go to 61.8 fib xtension although 3/quarters may do. I'd love to see your simulation (first fractal b/o on higher TF etc) on a chart as I think you lost me there....
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."
Just a little win Thursday morning to start my day for 1 pc
It hasnt been my best week, perhaps it's me, I need to remember stick to rules and dont change anything!
Good luck guys
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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."
