Mickey's Journal

[immy]

Thank you for the detailed reply. I like the Break of AIMS and Gator factor in there... Because that is what I trade. As long as you are comfortable with this and it is helping you achieve your short and long term goals... I am way happier than you can be.
keep up the good work... Trading can be really lonely and boring at times... I'll keep reading...

[kiravon]

This is one of my current divergence trades on the Daily.

divergence.JPG

I don't normally post them now as they are a little strange.
The original system was straight close over trendline but
I have found break of AIMS gives me more possibilities.

On this one there has been a lot of divergence and a missed
weekly pivot below, although ironically above also so I fail
to see any real logic there!

but I guess the divergence and break of trendline tilts it
in favour of the lower missed pivot - who knows?

but its a very robust system none the less

quite a few other screenshots on this thread in the past

[kiravon]

An S2 with extra criteria

Last two weeks have been my most profitable since I
started trading

Here is my normal AIMS template with no compelling
set ups

but looking at the complementary template it suggests
I take this particular break of AIMS

AIMS.JPG

On the second template I see the burst of momentum up through centre bollinger
which in turn passes up through ema 50 - this looks promising but wait for
retracement to zone formed by red and blue lines - these are the Lows of 5 and 10
moving averages ( if going short highs of 5 and 10 )

So set PO above candle that retraced to this zone, ideally enter at break of next AIMS

This has proven to be an extremely reliable variation of S2, actually not really
a variation but second template helps me decide which setups to take and which to
pass on

If you just trade every set up indiscriminately you will lose - true for every system
I would think

MA5 one.JPG

[arjanbg]

All contributions are very welcome, they are not interruptions
and your points are noted, especially regarding weeklies as starting point,
I know a lot of pros do this - so something else for me to explore.

To answer your query the only trades I've placed with a live account
over the last few months is an extremely simple reversal system on higher
time frames. Entry is usually break of trendline and where viable break
of AIMS following AO divergence and there must be at least one
missed weekly pivot. if several and a monthly missed pivot so much the
better. This last rule might sound irrational - that price is somehow
always drawn to missed weekly pivots but the system has been back tested
over the last ten years and has a genuine 75% win rate. RR is not great
but so far this is the only system that has consistently increased my account.

But it takes very little time on Monday mornings so I have been trying
to get back to lower time frames.

I have an experimental trade open which was looking at how to capture those really
long runs. so far we're about +350 pips up.

Since then I have put it into a far more AIMS context.

aims jpy.JPG


As you can see we've had a great break of triangle and the original hope was that we
wouldn't go down further than the ascending lower trendline of that triangle. obviously
anything can happen but it will be interesting to test it to destruction.

I don't think we'll make that 1,000 pips but it would be nice. I explain the entry criteria
further down this post.

Over the last few days I had a very surprising development that I'm at a loss to explain -
I've been focusing on the M1 and have averaged +58 pips a day since Monday. I've never
had any success on M1 before, M5 yes but never M1.

Roughly 50% win rate which doesn't really matter because all rents have been 6 pips or under
whereas some winners have been as much as 32, 34 and even 40 pips. so risk reward ratio
is very high.

I'll upload some of the highlights and try to explain the thinking along the way.

This was a nice one, four winners on the audusd.

4 winners.JPG



The basic entry criteria and add ons is essentially break of AIMS.

I seem to have done quite well without ewaves although I think that would be a useful
complement as per the original set up.

This is what seems to work - for me at least, but curiously that doesn't mean it
it will work just as well for everyone else and it might just be a flash in the pan
- but at least it is simple.

Firstly I draw trendlines on Gator's teeth (Red)

Gator trendlines.JPG


It just gives me an idea how far price is likely to travel

Then add AIMS boxes


add aims.JPG

Then very important, add 50 SMA, 25 EMA (light blue)



mas.JPG



Thats basically it.

If 25 crosses Teeth and they both cross 50. and 50 changes colour i will look to enter at
break of AIMS which often follows a break of trendline

This is nothing very original, it's very basic AIMS with a touch of Ray's MA crosses thrown in

but basically it has AIMS boxes and Gator at it's heart.

Here are a few of the highlights from this week


usdchf ultra.JPG



eu ultra.JPG




usdjpy ultra.JPG




cadchf ultra.JPG

seems like a nice crossover strategy between the SMA 25 and 50.
I am still wondering what the big dotted blue / red line is which indicates the trend.

[kiravon]

audnzd.JPG

audnzd3.JPG

previous query - blue red dotted line for trend is ultra signal indicator.
its close to coloued EMA50 which I now use bcos more accurate
being industry standard so to speak

[wiseambitions]

hi, I remember a couple months ago (talking option trading as well as CFD) you mentioned HotForex might be good. I was a bit interested to find out what they're about, and just opened a demo account (CFD/forex), which was quickly followed by a phone call from Cyprus.
A couple things might worry me a bit.
1) Cyprus, as opposed to London and FCA regulation
2) 2 pip spread AND commission on Dax. I haven't started my comparison on anything else.

Like I say this is ordinary Mt4 stuff, nothing to do with Option trading, and in respect of Options I notice an increasing number of articles in the daily papers telling people what sharks all the people pushing binary options really are - for reasons we have previously stated.

[kiravon]

I can't believe I would have recommended Hot Forex - they're not a broker,
they are a market maker who ignore TPs when hit

Unless you mean binary options - they do have good reviews on FPA

so in summary, probably what I meant was that if anyone really wanted
to gamble on the markets with binary options with a ludicrous RR, then
Hot Forex probably are a million times better than the rest who are
virtually all scammers.

One major difference between them and the rest is I am certain they
would process withdrawals in a timely manner.- yes I do remember now
saying that if I did get involved wit BO I would probably only use
HF but even then only with a very small account.

I would find it hard to believe that any professional trader would
touch binary options with a barge pole even for hedging purposes.

but I believe t hey are quite well regulated -

Licenses and Regulation

HF Markets (Europe) LTD
Licensed by Cysec - MiFid Compliant
Licence number: 183/12
Registered with the FCA (UK)
Registration number: 600473
Registered with BaFin (Germany)
Registration number: 6057

[kiravon]

.
.
Yesterday we fell short of TZ1 but ended up with +57 pips.

eurnzd.JPG

[wiseambitions]

I can't believe I would have recommended Hot Forex - they're not a broker,
they are a market maker who ignore TPs when hit

Unless you mean binary options - they do have good reviews on FPA


I would find it hard to believe that any professional trader would
touch binary options with a barge pole even for hedging purposes.

but I believe t hey are quite well regulated -

Licenses and Regulation

HF Markets (Europe) LTD
Licensed by Cysec - MiFid Compliant
Licence number: 183/12
Registered with the FCA (UK)
Registration number: 600473
Registered with BaFin (Germany)
Registration number: 6057

No I know it wasn't a recommendation at all on your part, you just mentioned to the effect they might be better than a lot of players in the Options market, however I'm not even sure if they were registered in London with the FCA whether they would still be safe in that game.

There was yet another article in the British press this week berating the option traders..... business to the last!



As John Price lay in his hospital bed, his sleep would all too often be broken by his mobile phone ringing. The 69-year-old had been diagnosed with myeloma — a form of bone marrow cancer.
Exhausted and drowsy, John would instinctively reach for his phone thinking it might be a relative or friend.
But the voice on the end of the line belonged to a smooth-talking salesman representing a company called BinaryBook.
The salesman may not have known John was in hospital, but the cancer sufferer was urged to push more of his life savings into an investment known as binary options. BinaryBook is one of scores of websites offering these controversial deals to British customers.....ETC ETC


Read more: http://www.thisismoney.co.uk/money/inve ... z4P218jiTY
Follow us: @MailOnline on Twitter | DailyMail on Facebook

[kiravon]

Another point is whether FCA registration affects their Binary Options
activities. I believe they have another trading name for their BO
so it could well be that FCA only cover legitimate forex trading

Binary Options isn't trading ie it isnt buying or selling, it's betting
on whether the outcome will be either higher or lower so no more
can it be viewed as trading than betting on the toss of a coin
which is also binary in nature.

I can't see that being regulated.

To be fair it isnt only BO scammers that cold call, there are
plenty of forex market makers who will hound you for money too,
usually under the guise of being your 'account manager'

So far, out of the scores of brokers and market makers I've trialed, only
two havn't cold called me - ThinkMarkets and IC, both ECN brokers
who are definitely not trading against me and IC are one of the really
big players who have been around 14 years.

Both Australian which can affect platform execution - that can be
an issue if you are trading M1 or M5 but otherwise they seem decent