Why We Stopped Using AO The Awesome Oscillator Despite the Fact its Worth 7 Figures

In This Video: Why We Stopped Using AO The Awesome Oscillator Despite the Fact its Worth 7 Figures

This is the Story of the Humble Oscillator 

How an Oscillator Changed the Industry

How a simple moving average crossover can become such an amazing indicator. 

First I’m going to Introduce the AO

Then I’m going to Explain the AO and take you through the internal structure of the AO.
The skeleton of it if you like, oh, like the doctors say, we’re gonna look at the Anatomy of AO. 

In fact that could be a great title for this video. The Anatomy of AO. 

Second, I’ll go into how we arrived at the AIMS Wave indicator and Lastly, we will explore
the advanced version of AISM Wave, the AIMS eWave. 

So let's begin.





Lets first Install The MT4 Standard Indicator called the AO. 

AO stands for Awesome Oscillator. Bill Williams introduced this indicator in their original course and
called it the Awesome oscillator because according to Dr. Wiliams this is like “tomorrow’s' Wall
Street journal”. (Check out the Famous Setup for this) 

He found that this indicator can plot a perfect elliott wave count without learning the complex way
of counting the wave introduced by the founder of Elliott wave who named it after himself, humble
guy indeed. So Mr. R. N Elliott thought the Market is an intricate mesh , kinda like a Lego work
of waves that fall into two main categories.

The market i.e the chart is made of impulse and
corrective waves. And that impulse waves have 5 waves inside them but the corrective  waves
have 3 waves inside them. Stop stop stop. Its already getting complicated…

Forget that…let's cut to the chase… 

You should know if you’ve read about the “The Elliott Wave Theory” that
the meat of the move is in the impulse waves. And Everyone wants to HIT the WAVE 3.
You know why? 

Because Wave 3 is the biggest portion of a strong trend. So logically everyone wants
to traded wave 3. 

What if I were to tell you that the traders who chase wave 3’s almost always miss the
move because they look for the wave within the sideways markets. 

A Wave 3 is kinda like a seed that is buried under soil. But that there is a bunch of seeds
spread across the field and you don’t know which one will germinate first. Which one
will popup tomorrow and turn into a seedling. So you start digging for seeds.

Now that’s not a good idea is it? Because this could destroy the seed. So you wait. 

Most traders waste their time and money chasing the Wave 3 or finding the wave 3.
What we have found in the last 10 years of trade is that chasing the wave 3 is going to
make you lose a lot of money.  Because Wave 3’s grow out of dirt, that is the sideways
market, and that means trading breakouts out of “no Trend Zones”. The clusterfuck areas,
you know, the charts that look like poop.  

So what is the solution? What we have found is that the best way to trade the wave is to
let the 3 happen, wait for 4 and Trade Wave 5. Because if there is a 3 and 4 there will
almost always be a Wave 5. But if you try to trade wave 3, you have to find wave 1-2 and
that is the hardest thing to do, especially on the lower time frames. Why make things
difficult if there is a simpler solution available right? 

The approach we take is trading the wave 5. There are several benefits of this. Wave 5
can be predicted with 80% success rate. The risk of taking the trade is minimal and the
reward is 3-5 times over. Risk a dollar for 5 dollar return. Cool.

So what about AO? Yes, the AO. Dr. Williams found that you can spot and count the waves,
simply by looking at the peaks and bottoms created by THIS indicator. 

Check out This Video I post earlier about AIMS Wave. 

https://youtu.be/1ilMSBCfJ6U

==================================================

Secret Forex Method to Predict Future Price Correctly 8 out of 10 Times [Video Part 3]

WATCH VIDEO FINAL Part 3: https://youtu.be/lI8kjchpN6A

This is part 3 of the 3 part video Series. I sent you link to the first and second video yesterday. If you have not watched it, Links are below.

WATCH Video Part 1: https://youtu.be/RFiKKWJlCFE

WATCH VIDEO Part 2: https://youtu.be/6519HWJlJh8

Please LIKE and Leave comments on the video and let me know what you think. Also subscribe to the channel.

Hope you have a good one. 

Immy Yousafzai
Blog: iTradeAIMS.com 
Website: iTradeAIMS.net
Facebook: http://www.facebook.com/iTradeAIMS
Twitter: https://twitter.com/iTradeAIMS

GBPUSD produced a good one

This week we took a few trades but this trade on GBP/USD was my favourite. It was an interesting read on the market.

As usual I'd express my self using charts.

Cable Analysis [For AIMSters]

Just thought I'll share a screenshot of our analysis on what we are looking at.
#GBP/USD

GU analysis: Its done its 3 days of Wave 3, now perhaps 1-2 days Wave 4, we will be looking to get into a Wave 5 using Apple and Classic Add ons, or classic if there is no apple. or if we don't get any, we will be then looking to take A seed or cherry into Wave 5. when Wave 5 is there. for now. REST

AIMS The HUNT

AIMS The Hunt gives HUGE Risk Reward and 66% win Rate 

Going into Stage 2

Its been 3 Months... Time Flies for real 

I have been looking at this blog for 3 months and never felt like making a new post. And why should I? I feel that, all there is to know and do has been said and done. But... today I felt the need to update the readers about our Three Months Challenge. It was great fun.

Why and What is The 3 Months Challenge? 

What we are doing right now inside AIMS Community is helping each other achieve consistency. Its all about consistency. Hence we introduced the 3 Month Challenge. Its over now. And we learned a lot about trading and ourselves.

When you join as a Premium Member the first thing we suggest you do is get your trading plan ready. We have a section in the premium section where you can download a template and then later compare it to a sample trading plan to get you started. We believe it is very important because almost all of the losing traders don't have a good written plans or they have written a static plan and forgot about it.The three month challenge helps you write a plan and then review it at the end of the challenge. This will help you assess what have you achieved and based on that you can move forward into the next phase of your trading business.

What did we Learn and what is next?

Based on what we learned during Stage 1 (The Three Month Challenge Start 04 Jan 2016 to 31st of March 2016) we have gone into Stage 2. This stage builds on the previous learning. If you complete stage 1 and achieve your set goals you'll excel towards the next phase but if you failed to achieve, no problem, give yourself another 3 months and give it another shot before you move to stage 2.

Stage 2 Began 4th of April for some of us but others have decided to redo stage 1 for another 3 months. Don't worry though, as we The AIMSters will be with you along the way every step of your journey via Skype Live Trading Room and the constantly growing AIMS Forum.

Stage 2 means you've accomplished your goals and objectives of stage 1 and now you will review and modify your Trading Plan to reflect the learning and create new goals. e.g. MZ learned that his personality requires him to trade a system that keeps him busy. So his strategy is trade AIMS Setups that occur more often keeping him busy. He wants a busy chart that helps him remains focused on his chart for a period of 1-2 hrs. He learned during stage 1 that slower charts don't fit his style because he loses focus. Others love the slower charts it helps them remained focused and relaxed.

What is your Style?

If you don't know what is your style don't worry because you will learn about your style or discover your style because of your experimentation of stage 1. You are a scientist if you apply this principle.

Some people like slow charts with less signals, we have The Hunt strategy for Stage 1. Which is slow, objective, methodical and very profitable. But that does not necessarily mean that it will fit every traders personality so we have The Fruit and The Classic Setup which gives you more signals and keeps your busier just like MZ likes it.

So Join us and Start your Own 3 Month Challenge TODAY 

Let us take you to the other side and guide you every step of your way... 

May the Joy be with you!!! 

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! 

25 Percent Account Growth this Morning

Hi

I just wanted to share that we have further our already successful and powerful trading strategy.

A huge thanks goes to Steve of www.for-exe.com and Grant (The Awesome Gman) for working on this strategy.

I can confirm that we traded one signal this morning that brought 10% growth on risking only 1%.  The London Open Trade. 

Later in the morning session we traded again using Adam's Apple Signal and Seeds and some Cherries (Cherries are our brand new entry technique available to Skype members only).

This ended up with a gain of another 15%. This time it was a few trades all based on just 1% risk per trade.

So basically, a 25% growth achieved as a result of 6 trades. That's just above 4% growth  per trade with a risk of only 1%.

Get Rid of Poverty and Scarcity Mentality

How do you break off the scarcity mentality when everyone around you is stuck in it including yourself?

You can totally change your personal belief system, totally breakout of your scarcity mentality.

The only person you can change is yourself. Like Michael Jackson sings in his song,

"I'm gonna make a change for once in my life,
Its gonna feel real good,
gonna make a difference 
gonna make it right .... 

......

I'm starting with the man in the mirror I'm asking him to change waysand no message could have been any clearer

If you wanna make the world, a better place,
take a look at yourself and then make a change, 

Step 1. You Make Yourself a Big Fat Check 

There are millions of poor people in the world. If you look at your personal worth and compare yourself with the poor people in the world, almost half the human population i.e. 3 Billion people live on less than $2.5 a day. You've gotta be grateful for what you have, specially if you're anywhere in the west. You gotta get the fact that if you want to get out of scarcity mentality you've got to start appreciating everything that you have. Even the tiny little things.

"Be Thankful for what you have;
You'll End up having more.
If you concentrate on what you don't have, you will never,
ever have enough." ............................. Oprah Winfrey 

Step 2.  Use this Automatic Money Machine Mantra

Every time you spend money say this,
"there is always more where that came from".
This is powerful. Super simple  way to retrain yourself in the "TRUTH" about money.
This can work as your own personal ATM, (Automated Cash Machine)

Step 3.  Have a Fun  Fund

Have some fun once a week or a month at least.
Have a piggy bank or a saving account and start putting small amounts into it regularly. Use that money to have fun over the weekend of once a month .You don't know how powerful this on is. It will help with your creativity and increase your vibration to abundance.

Step 4. Increase your Knowledge

Read self help books, investment books and blogs (like this one hehe). Read books about money. Yes, absolutely, you have to get your mind right, keep reading. Go to seminars, attend webinars and listen to books. Whatever works for you, increase you understanding and truth about money.

Step 5. Give to Get More  [The Most Important one]

The richest people in the world are the biggest philanthropists, charity givers. If you want to increase you wealth a little bit start with giving away 1% of your income per week or per month. But if you really want to make money and increase your wealth start giving away 10% every month. This is the secret of making tons and tons of money.


Thanks to Marie Forleo,  The sweet lady who came up with these brilliant steps. I totally believe in this and am a big proponent of Step 5. Totally go for it and experience the magic first hand. Go on what's stopping ya? 

Do You Feel Betrayed?

Has your trading strategy been not working up to your expectations recently?
Has the market been unfair to you lately?
Do you feel Betrayed by the market or your trading system?

If you do, and I know most of us experience those feelings, let me ask you a question. Do You feel the same way when you toss a coin? You called heads but its tails,do you feel betrayed by the coin? If you are playing a slot machine and time and time again you don't get what you want do you feel betrayed by the machine? I'm sure your answer is absolutely not.

When the pattern shows up, e.g. S1 Setup, you have to take it just like you're willing to flip a coin. "trading a technical pattern like ours has nothing to do with being right and wrong, this is not a right or wrong game" its just an odds game. Trading a technical pattern is exactly that. It gives you odds in your favour but not per "attempt" or "trade".

Odds in your favour, what does it mean?

And the odds in your favour are not per trade. You have to understand this, that you have odds in your favour over a series of trades not per trade.

A Setup is a Setup is a Setup

Traders often mistakenly think that when the "pattern" e.g. The Setup 1 presents itself that they get odds in their favour which means "I will win the next trade because its a GOOD Setup". The reality is that Setup 1 or any other pattern, The Fruit or Seed, Trend lines or whatever repetitive pattern you've found in the market is just that, a pattern that repeats itself. A pattern is a pattern. It does not give you an edge in terms of your ability to win this particular trade or your next one. However it does give you a edge , it gives you odds in your favour in terms of your total winnings be more than your total losses. It means that at the end of a series of trades your overall balance will be positive. But this largely depends on your ability to stick to the plan. You cannot count trading mistakes, which means not following your rules, in this series of trades.

How sure am I if I will win my next trade?

Traders often mistakenly believe that their method is telling them that the next trade will be a winner that their method is telling them what's going to happen next? I cannot guarantee that, i cannot even have any idea so that I could tell at all, whether my next trade will be a winner or a loser. I can say with certainty that if you follow this pattern at the end of 20 or 50 trades your overall winnings will be more than you've lost. This is Trading. Trading is a pattern recognition numbers game.

Its Easy to Trade, Its easy even to find a good winner, everyone finds a winner every now and then, however its not easy to make consistent gains unless you've addressed the mind issue which is "Fear of Trading". Unless you've understood the fundamental fact about trading. Trading is an odds game and you have to play by the rules. Unfortunately our fears in our minds always block our way towards consistent success.

AIMS Stress Free Trading - Activating The Zone
If you're scared, if you're not making money, you've got to get this eBook. Previously only available to Premium Members inside AIMS Forum now available to download right now.

Self Sabotage - Traders often face this problem

A problem that might haunt you at some stage of your trading

There is a certain human mental pattern of behaviour that might occur to you when you start live trading or in some stage of your trading. It may even happen to some people while demo trading.

When you are having a losing day you will be more prone to take more trades and suddenly you will find that taking a trade would become so easy. This is because you want to either recover your losses by trading more or you are engaging in "Revenge trading".

But on the day you have your first few trades as winners you will, all of a sudden find it hard to take more trades. This is because you are protecting your profits for the day

The former case would usually be a choppy day and the later usually a moving trending day.

When you find yourself doing this your losing days will often be double or even more of your usual winning days. In some peoples case that losing day often wipes the profit of the entire week if not month.

This is a trait/habit that is not found in consistently successful traders', its not one of their habits or they have learnt to overcome it.

Suggested Actions

So keep an eye on this. keep a max loss for the day limit and don't keep a max win limit. but if you want to keep a limit on the winning day then keep a max loss lets say 50 pips or 3% then put a max win limit of 5 or 6%. something along these lines. Moreover work on integrating the 5 fundamental beliefs about trading found in the first post of my journal.
(Journal is available to AIMS Members Only) 

AIMS Stress Free Trading - Activating The Zone This book may help you Understand and Resolve Your Psychological Issues pertaining to Successful Trading 

What do we talk about in our Skye Live Trading Group

Hi,

I thought I'll share some examples of discussions from our Skype Live Trading Group. While it is possible you may get some nice trading signals during your presence we think that it is not important. Because as they say,

"Feed a man a Fish and you've fed him for a day, Teach him how to Fish  and you've fed him for life"

So you get more than just a fish inside the room. We share what we have learned about the fish and the pond. We know which fish taste good, where to catch them and what are the perfect times for catching one. We also know the different tasty recipes of cooking the fish in several different ways. So how do you like your fish? 

Frank asks a Question which basically meant this, 

"Is there a way that we can find more accurate information about the instrument we trade, so we can make more informed decisions than we already have so that we can increase the chances of hitting more winning trades". 

So I thought I'll share my answer here with you. 

[16:03:16] Immy AIMS: why would I need that?
[16:04:11] Immy AIMS: I'm not sure how that will help me in trading when I only need to know, whether there is a signal to buy or sell.
[16:11:18] Immy AIMS: more knowledge means more fear
[16:11:26] Immy AIMS: in trading, knowing less is MORE.
[16:11:40] Immy AIMS: in life knowing less, more specific knowledge is better for life overall.
[16:13:25] Immy AIMS: e.g. if you are an engineer, know about your stuff, do it perfectly and elegantly in most efficient manner, helps you achieve more than trying to learn everything about all engineering world. you'd lose focus. If trading dax on m1, knowing when there is a signal and major economic events is better than knowing when will BMW release its data, i'll have to keep a track of 30 companies. on m1. bloody hell.
[16:14:17] Immy AIMS: I'd rather join NASA as an astronaut :)
[16:14:31] Immy AIMS: ok out of the shorts and done.
[16:15:11] fran87wonneberger: maybe you are right,man
[16:15:22] Immy AIMS: The Fruit Strategy does not even get you in trouble within choppy markets. A few tries and you know its chop so you stop. if not a chop just take fruit and SAR and you'll be ALWAYS in line with the trend.
[16:15:54] fran87wonneberger: 15:54 y took short fruit gmt
[16:16:24] Immy AIMS: The first thing that a typical trader does, addressing "the Problem of losing trades" is to "gather more information about the market".
[16:16:39] Immy AIMS: it makes perfect sense in common life. you want to solve a problem, gather n trading, though, it is the worst mistake. because Losing is not a problem
[16:16:59] hthang140873: I wish I can thing and do like you but I cant at the current
[16:17:24 | Edited 16:17:38] Immy AIMS: I repeat, problem in trading, if you're not making money is NOT, I repeat NOT losing trades. 
[16:18:04] Immy AIMS: let me rephrase, your problem is not the face that your are making losing trades.
[16:18:20] fran87wonneberger: i carry big fx baggage
[16:18:45] Immy AIMS: let me rephrase, the problem that stops you from becoming a consistently successful trader is not that you gather losing trades.
[16:18:56] fran87wonneberger: the good thing is that i am doing well since i trade the dax now i see  fx mkt differently as well
[16:19:54] Immy AIMS: but the mind thinks losing is a problem and it needs to be fixed. so you go out in search of more information, better information and more "accurate" information.
Sadly though you'll be Greeted by all too clever marketers who KNOW that you're in search of holy grail so they sell you dreams and you want to believe them.
>  because you're frustrated,
> you are too tired of losing,
> you so eagerly want to win.
> you want to make millions out of trading just like the hundreds of city boys whizzing around in their brand new ferraris.
> You want to have that life of luxury and carefree, "all-bills-paid-no-worries" "money-no-problem" Life.
The marketers present these "Carrots" to you or presents to you known and common trading "problems"  and then gives you the carrot. You are ready to fall for it.
[deleted irrelevant message here ]
[16:21:45] Immy AIMS: The result once again you fail and you're disturbed, even more frustrated, even more eager to find the "solution. At this stage most of the traders give up. But some are not like that, some are like you, constantly learning and improving.  So you continue the search.
[16:23:36] Immy AIMS: Sadly for most, it could be years later that you find out, that even a system with a very small edge could make you money. Or may be you were lucky and you found a really good place where you learned the real answer. Such as iTradeAIMS.com such AIMS Stress Free Trading. (hehe)
but the problem is not "how to stop losing money" the problem is not, "how to stop making losing trades". the problem is not even how to make winning trades, neither it is how to find perfect entry, exit and money management plan.
[16:23:47] Immy AIMS: The problem is = How to be a consistently successful trader. And the answer to that is, Patience and Discipline. You then ask a question, "How to be disciplined". "How to make consistency part of your trading personality".
[16:23:59] Immy AIMS: and the answer to that is INSIDE YOUR MIND.
[16:24:12] Immy AIMS: The mind is the problem as much as it is the solution.
[16:24:22] fran87wonneberger: i agree on that 100%Immy

So this is what we discuss in our Skype Live Trading Group. 

By the way, if you're eager to know what is the answer to the above Question. You're lucky because we have written an eBook specifically to answer this question. Previously only available to AIMS Premium Members.

Get Your Hands on This Special eBook that will change your trading forever

Product Description

AIMS Stress Free Trading – Activating The Mind 
How to Trade Using The State of Mind “Knowing without Knowing How You Know”

After Reading this material you should be able to do the following:

• Objective 1. Understand How The Mind Works. Breakthrough the barriers of your mind.
• Objective 2. Understand the concept of Peak Performance and Trading in The Zone
• Objective 3. Practical Ways to apply to get you in The Zone. How to Perform at Peak Levels

800 Pips in first month of live trading

AIMS Tradres have been doubling their accounts within 3 months. Earlier this month, right at the start of this Fantastic New Year 2015 we had the pleasure to share the great news from Silas from Germany who managed to double his account within 3 months of trading. That was after Sam from Australia had shared the great news of doubling his account earlier last year and then later we shared how Michael Zlabinger from Austria  successfully managed to double his account in three months.

Michael started trading his live account in 2nd week of January 2015. I am so excited to know and share that Michael has successfully made 800 pips this month of January 2015 on his LIVE ACCOUNT. Let me re reiterate how big a job this is. 150 pips a month is more than enough for a very handsome return. But 800 pips, I don't have words to describe the immensity of this achievement. So I'll simply Well done to Michael and wish him the best of trading in the months and years to come.

Forex Peace Army Review 

Michael has left a review on the independent review website Forex Peace Army. Please have a look.

Michael from Vienna doubled his demo account and then made 800 pips in his first month of Live Trading

Joining AIMS Forum means Consistent Success. 

When you join AIMS we ask you to become an active member of our ever growing members only forum. We ask you to start a Journal. Then you set your self a target. You start trading either demo account or a live account but trading only small lots. This is your training time. We ask you to trade demo for at least 1 month but 3 months is the best. during these three months your goal is not necessarily to double or triple your account. Your goal is to learn to trade the system by remaining disciplined 100% of the time. A trader needs to think in probabilities and this exercise helps to instill professional trading into your mindset. Once its there, you'll become a professional trader for life. And enjoy the benefits of trading correctly.


Michael's Success is not a minor event. Its profound. And the biggest secret of his success is his ability to remain disciplined not only with managing his entries and exits correctly but also how he manages his trading time and most importantly how he records his journal on a daily basis. Journal and recording is the key to success and this is what we are proud to provide you inside AIMS community of friendly and lovingly successful traders.

Michael shared in his JOURNAL all of his trades at the end of sessional on a daily basis. This is how he learns about himself and at the same time we all get to benefit from his work. A successful formula. His latest post at the end of January 2015 was of particular interest to me personally. He shared the following post.
800 pips in his first month of live trading. 

If he continues in this fashion soon he will have double his LIVE Account faster than 13 weeks. Its a HUGE Success. 

Notice that he's added number of hours to the result as well. He trade a total of 34 hours during the whole month still he managed to make 800 pips. Now this is powerful stuff. If he was to risk only $10 per pip he'd be making $230 per hr working only 2 hrs a day Monday to Friday.

Michael is an active member of our Live Trading Group that we run on SKYPE. Learn to trade correctly and profitably in the company of new, experienced and consistently successful traders. 

Double Confirmation - How to Make Winning Trades - The Final Part 3

This is part 3 and final part of Double Confirming Your Trades.

... continued

Its very important to understand that Every Moment in the Universe, and so in the market as well, is UNIQUE.

Every moment in the market is unique

As a result of Understanding this information you will know that as long as you continue trading the same pattern using correct money management and following your exit plan accordingly every time, your account would grow more than it is drawn down at the end of 20 trades . That my friend is Trading.

Woohooo I hit a Winner

Notice that I did not put emphasis on your ability of hitting a single individual trade. Anyone can hit a winning trade once in a while. What makes you consistently successful is not your ability to hit a winning trade but it is your ability to consistently follow your trading plan.

The Ultimate Goal

The ultimate goal of a trade is not to hit a winning trade, or avoid the losing ones, but its is a psychologically challenging thing to achieve called Consistency. And consistency is not show in one day or two weeks. Consistency is shown for longer periods such as 3 to 6 months to start with. And consistency is an equation.

Consistency = Patience + Discipline. 

When you see a pattern you might think ok here we go again, the pattern is there the next trade is going to be a winner. But what follows the pattern, the entry pattern lets say, is a unique outcome. everytime. The outcome of a trade that was preceded by a certain pattern we call the Entry Setup is a unique event. The entry setup and the outcome of the trade are unique events. You've got to understand this.

A Very Important Fact to Understand and Fully Apply 

The probability of success is very high if you follow the system, but the probability of success per trade is never 100% it might be from 60% to 40% depending on what type of system you use.

What happens if you jump of Eiffel Tower?

You gotta understand this "Concept of Probability" as good as you understand that if you jump off Eiffel tower or Empire state building without a parachute two things will happen to you 100% guaranteed.

1. you know you will hit the ground.
2. you know that when you hit the ground there are 99.99% chances that you will die.

Trading can be stress free but not without understanding this concept

Without understanding this concept trading can be very stressful and a hard work because you will be "trying hard" to make money on each trade. You will be pushing "yourself" and trying very hard to make this next trade profitable. However the fact remains,  no matter how strong you crunch your tummy muscles, no matter how hard you bang your desk, no matter how closely you watch the chart, you cannot turn your next trade into a winner with 100% surety.

Be a Casino and let the players play their game. 

Enjoy your trading by "Believing in the system and that successful trading is a game of probabilities".

If You're like to learn about this concept and 3 Simple Rules about 3 Simple Indicators 
 Please JOIN TODAY
20% Discount on Premium Membership is Still On. 

Double Confirmation - How to make winning trades - Part 2

Yesterday I shared with you a discussion we had inside our AIMS Skype Live Trading Room. This is the second part of  that story.

Correct Mindset of a Trader:  

A trader with correct mindset will make a mediocre trading strategy look awesome but a trader with wrong mind set, will destroy a strategy with a very powerful edge.

In my previous post I said that Trading is 80% mental, 10% goes towards money management skills and strategies and the rest is divided as 5% for entries and 5% for exits.

However sadly, 95% of traders put 80% of their efforts towards the 5% of the equation in trading and that is The Entries.

The Perfect Entry:

They want to make perfect entries. They want to nail those entries that bring winners 100% of the time, double confirmation, quadruple confirmation. Something to put their mind at ease before entering the trade, something that say "this trade is going to be a winner". 

Being Wrong or Right

However I have bad news for those traders. Sadly that is not gonna happen. Because trading is not a game of perfection. It is certainly not a game of being wrong or right. Oh no.

You cannot manipulate things into your favour in the market. You cannot change the market not even a tiny bit. Trading is a game of probability.

The Self Similar Repetitive Pattern

You might have found a pattern in the markets and this might be a great thing for you. You'll be excited that now you will be able to better "predict" the market. But the reality is that all patterns have a certain "probability of success" attached to it. A certain pattern might give you an edge in the r form of 50% winners and 50% losers.

You may win lets say 60%  of the time or less using the same pattern, but the very same pattern that looked beautiful and produced 100 pips this time, that exact same pattern might appear again the next time still it may bring 15 pips loser.

A new trader is baffled, surprised and even shocked. S/He does not understand as to why this pattern did not work this time? The pattern might look exactly identical but its unique its never happened before.

What you see is an an identical patterns yet unique at the same time. Its not the same patterns they are are similar but at the same time unique. You might think you woke this morning with the same person that you went to bed with last night but not only did the person next to you change over night you have changed as well.

"Everything flows and nothing stays" 

"You Cannot Step in the Same River Twice" .... Heraclitus

... to be continued tomorrow  Final Part (Click Here)

Double Confirmation - How to make winning trades Part 1

Part 1. 

A good trading buddy commented about Double Confirmation or Additional Confirmation of a Trade Setup. It happened inside our Skype Live Trading Room.

Our friend said, "I found a new confirmation to get in Fruit, I shall trade it for a few weeks and let you know of the outcome"

 

My response was "What! What "New confirmation"?
He replied, "additional confirmation" and he said "it seems to be 70% in the right direction"

A Typical Trader's Mind Set

This is what a typical trader is after. "double confirmation" A way to predict the future. The question is, how can you confirm something that is just there in front you. And how can you find clue in the now that will confirm the future? When a new trader looks for confirmation he's actually looking for a confirmation that the trade will be a winner.

Lets e.g. you take a trade entry setup, e.g. A Fruit signal or an AIMS Stress Free Trading The Setup 1 entry signal, with all 3 rules checked and ticked off. How can you then tell that future will bring exactly what you want. That is the confirmation. The trade setup itself is the confirmation. What else can you add to it so that you can improve the rate of success? The more important question is do we really need to be right more time than we are wrong?

Is it going to be a winning trade?

So I said that if we look for additional Confirmations this would suggest that we have the mind set of novice traders who wants to "make sure that the next trade is a sure shot winner". Most traders don't possess what Mark Douglas calls Probabilistic Mind Set. And a big portion thinks they possess that mind set but in reality they don't yet fully understand it and so they are unable to apply it.

A beginner is always trying to hit that next winning trade. And this "need to know the future" is the biggest problem.

Keep it Simple - If it Ain't Broker Don't Fix it

I'd like to tell you one thing though no matter what anyone says, with whatever they can throw at me, I will NOT Add anything to my chart or change my technique. do you know why? Because it works. I don't need to change it, IT WORKS

What is Additional Confirmation?

What is additional "confirmation"? I don't like the concept behind confirmation because Nothing can confirm "the future" and tell you the outcome of a trade entry signal. Be it AIMS The Fruit Signal or any other signal or entry mechanism. Is there a way to know the future? If these concepts are new to you prepare yourself for a complete turn around of your thought process. This is what we teach and share with you inside AIMS Forum. Successful traders "Think Differently".

so I said, "You know that I don't give a s**t about how perfect the entry is? I place only 5% importance on entries?

The Mind 

Because Trading is 80% in the mind. 10% is MM (Money management and position sizing strategies) and 5% exit, that leaves 5% for entries. So its 20% science. (the strategy i.e. a system rules pertaining to making entries, managing trades and exiting the trades) and 80% Art.

AIMS is The Art of Trading Chaos!

.... to be continued tomorrow (Click here to Read the Next Part)

Do you feel betrayed or angry at the market when it goes against you?

If you do, and I know most of us experience those feelings, let me ask you a question. Do You feel the same way when you toss a coin? You called heads but its tails,do you feel betrayed by the coin? If you are playing a slot machine and time and time again you don't get what you want do you feel betrayed by the machine? I'm sure your answer is absolutely not.

When the pattern shows up, e.g. S1 Setup, you have to take it just like you're willing to flip a coin. "trading a technical pattern like ours has nothing to do with being right and wrong, this is not a right or wrong game" its just an odds game. Trading a technical pattern is exactly that. It gives you odds in your favour but not per "attempt" or "trade".

Odds in your favour, what does it mean?

And the odds in your favour are not per trade. You have to understand this, that you have odds in your favour over a series of trades not per trade.

A Setup is a Setup is a Setup

Traders often mistakenly think that when the "pattern" e.g. The Setup 1 presents itself that they get odds in their favour which means "I will win the next trade because its a GOOD Setup". The reality is that Setup 1 or any other pattern, The Fruit or Seed, Trend lines or whatever repetitive pattern you've found in the market is just that, a pattern that repeats itself. A pattern is a pattern. It does not give you an edge in terms of your ability to win this particular trade or your next one. However it does give you a edge , it gives you odds in your favour in terms of your total winnings be more than your total losses. It means that at the end of a series of trades your overall balance will be positive. But this largely depends on your ability to stick to the plan. You cannot count trading mistakes, which means not following your rules, in this series of trades.

How sure am I if I will win my next trade?

Traders often mistakenly believe that their method is telling them that the next trade will be a winner that their method is telling them what's going to happen next? I cannot guarantee that, i cannot even have any idea so that I could tell at all, whether my next trade will be a winner or a loser. I can say with certainty that if you follow this pattern at the end of 20 or 50 trades your overall winnings will be more than you've lost. This is Trading. Trading is a pattern recognition numbers game.

Its Easy to Trade, Its easy even to find a good winner, everyone finds a winner every now and then, however its not easy to make consistent gains unless you've addressed the mind issue which is "Fear of Trading". Unless you've understood the fundamental fact about trading. Trading is an odds game and you have to play by the rules. Unfortunately our fears in our minds always block our way towards consistent success.

AIMS Stress Free Trading - Activating The Zone
If you're scared, if you're not making money, you've got to get this eBook. Previously only available to Premium Members inside AIMS Forum now available to download right now.

Stop Worrying and Start Trading

This song has a great message for all the traders!