Enter to get Updates, Analysis, Tips & Tricks, Discount Codes and Signals
 

Friday, 22 January 2016

The 3 Month Challenge

Hi,

I'm just copying one of my posts in our forum. Thought I'll share this in public.

The Three Month Challenge 

We are going through a three month challenge in our Skype Room.
This exercise involves sticking to our system for this period of time and keeping a record so that we can monitor our performance.

The Goal of The 3 month challenge is to achieve at least 90% discipline. We are NOT interested in how much money we make or lose. We are not interested in how many pips/points we make or lose. Our main objective is DS18/20. And we ought not do more than 1 T20 per week. so we are looking into 12 T20's.

[The T20 Principle eBook is available inside AIMSForum] 

Trading is like any other business. You need to know how to run a business. If you want to run a successful trading business. This is your 3 months Course to work on your skills of running that business. The prime skill we are working on is Discipline.

We use the mechanism of T20 to measure the achievement of our objective.

Before you think of leaving the system/challenge, I want you to understand the above. Some of us may have left the challenge or others may not even started it, because they lost focus or misunderstood the objective of this exercise.

It will be harder to remain disciplined and keep trading "error free" with a system that generates more signals than the system that generates lesser number of signals. AIMS The HUNT is a highly successful trading system with 66% win rate. But it generates less number signals per week. This is a good thing for our purposes.


Tools that will help achieve this goal.


1. Journal Writing. Keep a detailed Journal about every trade you take. Make use of the PEERCED analysis.
[Explained in our Trading Plan 2016]

2. Record your trades in your journal utilising the T20 principle. Evaluate the result of every trade from three dimensions. a. was the entry setup correct b. was the trade managed correctly and c. did you follow correct risk and money management rules.

3. Join a group of traders who are doing the same thing. A group working towards a common goal makes life easier and people find easier to remain in control and disciplined. Trading is a lonely game, being surrounded by like minded people really helps.

4. Create a myfxbook account and share it with your group so that your performance can be criticised. The next time you take a trade, you will be aware that you will look like a fool when others find out you broke your rules.

Have a great weekend

Join The 3 Month Challenge.

Sunday, 13 December 2015

LIVE TRADE EXAMPLE AIMS The HUNT and Snorms ATM

Grant took a trade using AIMS The Hunt Strategy. 


We will witness a semi automatic trade execution and management. A very simple an elegant, effortless and stress free mechanism.

This video shows how Snorms ATM automatically takes a trade based on AIMS Cherry and Seed Entry Signal. it sets stop loss and target point automatically.

It then Moves Stop Loss to Break-even point and target point set at 2% is hit nicely. #STRESSFREE.
Your job now is only to identify ideal setup where there is a possibility of a signal appearing. Then Click AUTO and go have a cup of tea.

Thank You Gman
Thank You Snorm of www.For-Exe.com


Friday, 4 December 2015

AIMS The Hunt [New Simplified More Powerful Strategy]

Hi Everyone!

I am very excited to announce the release of our Updated Strategy. AIMS The Hunt. Years of experience have taught us one thing. In the words of Henry David Thoreau

Simplify, Simplify, Simplify 




We have simplified things to the simplest level that we can comprehend at this stage of our trading lives, in terms of how we see our charts and the approach of choosing our trades.

In the past we identified some patterns in the market that gave us a statistical advantage and we benefited from it. We have learned a lot from our previous successful attempts and now we can see the same patterns only in simpler ways, its easier to find those patterns.

AIMS Master Trader The Gman, came up with a great Flowchart for The Setup. It was well adapted by most AIMSters and was a success. After the introduction of the Seed Strategy, Grant came up with yet another flow chart which was even more elegant and contained only 4 questions.

This has been adapted by most traders and my self (Immy) with great success. It gives us 66% success rate. I did not believe anyone who came up to me with such figures but now we have it in our hands.

Steve of www.For-Exe.com went on and coded the flow chart into our Seed and Cherry indictors. Now we don't need "interpretation" rather algorithm to check the rules.

As a trader trading The Hunt (The new Seed and Cherry Strategy) all you will have to do now is apply the 2 filter rules. We have a process of validation and then filtration.  First we validate an entry setup then we run a filter on the valid setups.

This system gives us above 60% win rate and Profit Factor of 2.0 and above. What does the future hold, I don't know but I can predict with a degree of certainty that this system will take us to the next levels of trading. Last month was 10% for most 19% for some. The month before was 60% for some and 15% for most.



PS: We now operate within our Skype Group so basically you buy the Premium Membership to get access to the Forum and then A  Monthly subscription for Skype Live Trading Group where we share (teach) with you our simplest method of Hunting the Easy Prey!


PSS: The Strategy will be taught inside AIMS Live Trading Skype Group.. Indicators will be made available to download this weekend. We have arranged a webinar for members on Thursday 11 Dec 7pm uk. Indicators will be made available to download inside our Members Forum (Skypers Stash section of the forum)


Saturday, 31 October 2015

How to Stay Calm when you know you'll be Stressed? [Stress Free Trading]

“Brain releases cortisol that raises your heart rate, it modulates adrenaline levels and it clouds your thinking.”

And with all the cortisol in your brain your thinking will be cloudy and you won't even know about it because "your thinking is cloudy". :) 

“It's something that he had gotten from the psychologist Gary Klein, who had written about it a few years before, also called the pre-mortem. Now, you all know what the postmortem is. Whenever there's a disaster, a team of experts come in and they try to figure out what went wrong, right? Well, in the pre-mortem, Danny explained, you look ahead and you try to figure out all the things that could go wrong,and then you try to figure out what you can do to prevent those things from happening, or to minimize the damage.

said Daniel Levitin in his recent Sep 2015  TED talk, “How to stay calm when you know you’ll be stressed?”.


We become STUPID when we are stressed. Literally our brain stops sending blood to the parts of the brain that help us make "intelligent decisions". 


"Remember, our brain under stress releases cortisol, and one of the things that happens at that moment is a whole bunch on systems shut down. There's an evolutionary reason for this. Face-to-face with a predator, you don't need your digestive system, or your libido, or your immune system, because if you're body is expending metabolism on those things and you don't react quickly, you might become the lion's lunch, and then none of those things matter.

Unfortunately, one of the things that goes out the window during those times of stress is rational, logical thinking, as Danny Kahneman and his colleagues have shown. So we need to train ourselves to think ahead to these kinds of situations."





Proper Planning ahead of time will minimise the “negative effects” of stress. There are things we can do, systems we can put in place that will prevent or at least minimise the bad effects of situations in which we are stressed because stress can cause us to make mistakes. And we all know that mistakes in trading are always expensive. 

Planning can help prevent a bad thing to turn into a total catastrophe. Have you ever had a trading day where you wiped the entire account or the whole month's profits? Yes, it happens, and it has happened to me a few times until I realised that I must address this issue in my plan.

Our daily trading plan states that we will stop trading if we have three consecutive losses. This prevents us from going into the “negative zone”. It stops us from revenge trading and trying to win back the losses. We stop and come back with a fresh mind another day.

Having a proper trading plan may even help  decrease the stress levels because you’ve got the confidence that your plan has got everything covered. Often, stress is caused by the urgency of the situation and our inability to respond in a timely manner.

Uncertainty is the main cause of stress for traders but that can be cured by working on achieving a probabilistic mindset. If you think in probabilities you will be able to remind yourself that you do not need to know what’s going to happen next in order to make money in the markets.

Decision making can be stressful as well specially when you have less time to respond and even more difficult when you are confused and the more stressed you get the cloudier your thoughts. Making decisions that are not preplanned, that  you have not thought about in advance may become the cause of the “stress” itself at the “heat of the moment”.

e.g. You have been closing your trades too early and now you have finally decided to apply a method that will increase your chances of staying in the trades longer. You make a decision and from today you are determined to follow the green line as your exit. No more exiting the trades without a proper exit signal. You take a trade and it spikes 100 pips in your favour. You say, “wow  that’s awesome” and although on one side you’re excited on the other you are stressed about what to do with this bonus income.

Do I take the profit or do I still follow the green line? If I close here would I still get DS1 or would I have to score a 0 but at least I bank the profit. IF you’re on m5 or m1 chart you might not have that long to think and respond which may result in experiencing even more stress.

What do you do? Well, the simple answer is that if you don’t have a plan for a situation like this, and you just experienced it, the logical thing to do is that you will create a rule for a situation like this so that you can apply that rule in the future. If it happens the next time you know exactly what you’re going to do. This will bring more accuracy and less reasons for experiencing stress.


However, if you don’t keep a journal, do not have written well documented trading plan, then  chances are that you will experience the pain and stress and won’t do anything about it for years and years and continue wondering why you always feel the stress and don’t become consistently successful.

Have a Plan TODAY. Join AIMS to learn how to create a trading plan within a week. 

ps: A healthy level of stress may be good for peak performance as suggested by modern research. You may want to watch this TED talk about How to make stress your friend? 

Sunday, 25 October 2015

Trusting Your System and Objectivity

It is very important to trust and continue to take objective actions as you process
the trading signals generated by your system. 


We have to learn to accept and take action based on the information given to us by the market
through the medium of our trading system. We have to accept and understand what the chart tells us
 rather than focus more on our  "feeling" about it.


Don't trade with your feelings or what you think about the markets. Our thoughts often take us
into the future trying to predict or they take us to the left of the chart pondering over the past.
Our thoughts make us look into the history tab of our platform or the running profit and loss for the day.


On average we experience and process 60,000 thoughts a day. And these thoughts make themselves
 known to us and get manifested inside our body as emotions and feelings. Yes, thoughts manifested
 are emotions, we feel emotions, we feel the manifestations of our thoughts. When you feel anxiety,
 stress or boredom it is because of the thoughts you have processed earlier.
The thought process happens ahead of those emotions.


So when you become aware of your emotions that you don't want or like you know that you have been thinking the wrong things. If you remain conscious at all or most of the time you will be in control of how you feel.


So our feelings are our feelings. They are inside of us. But the information that we see on the chart
are coming from outside, from the external environment. They become part of our inner self, the
internal environment but don't come from within.


What we need to is to respond in the manner that is the most objective and accurate. In order to
achieve that we have to find out and decide and document our course of action well in advance. The
actions that we take must have been already planned ahead of time.


Stop judging your template, your trading system or signals. Simply accept the information and take actions accordingly. If you're not sure then say no thank you with gratitude. But keep an eye open.


When the game is over you'll have the chance to go over the days performance and find out how well you did. IF you have passed valid set-ups you can then compare and analyse why did you perceive what you did and why did you take the course of action that you took. Was your perception correct or was it not.

If it was not, was it due the cloud of fear and greed or other emotions or was it based on market generated information?


If it was based on "objective" mental and technical analysis then you have done well but if it was a result of any of the negative emotions then you've made mistakes. It is time to enforce your disciplinary procedures which should have been laid out in your written trading plan.

May the Pips be with you! 

If You Can Think It, Snorm can Code it

If You Can Think It, Snorm can Code it
Snorm of ww.For-exe.com is the best coder we have ever found
 
Enterto Get
Beginners Guide to Forex Trading