Aliassmith Beats a "Dead Horse"

[aliassmith]

Early Bird catches the 10 pip worm!

[cmac813]

I'm loving your most recent charts Alias. My trading style has always been to try and take pullbacks on the lower time frames. Always find it hard to pull the trigger in real time. In hindsight it's easy to just say buy here/there. Hope you keep posting these, nice and simple, hopefully I can get there one day.

[aliassmith]

I'm loving your most recent charts Alias. My trading style has always been to try and take pullbacks on the lower time frames. Always find it hard to pull the trigger in real time. In hindsight it's easy to just say buy here/there. Hope you keep posting these, nice and simple, hopefully I can get there one day.

If its hard to pull the trigger use smaller size

[dojirock]

Try counter mo, no mo as an entry... works well.

doji

[1qaz2wsx33]

The Red line shows price going down
The Green line shows price going up and breaking higher than the recent local high
Then the entries will begin as price pulls back
Starting at the top of the "Buys"
1. Enter a pawn
2. Enter another pawn
3. Enter a Rook/Bishop/Knight
4. Enter the Queen

Depending on how the price action looks the Queen will be used to get out close to even or small gain.
If It looks favorable the Queen will cause a nice "windfall"

That is just a general overview. The tactics within the strategy. I've seen a small amount of other traders doing something similar.

This sounds similar to the way FTI says he traded, I think you have mentioned him in the past. Dangerous to noobs, but powerful to an experienced trader

[aliassmith]

The Red line shows price going down
The Green line shows price going up and breaking higher than the recent local high
Then the entries will begin as price pulls back
Starting at the top of the "Buys"
1. Enter a pawn
2. Enter another pawn
3. Enter a Rook/Bishop/Knight
4. Enter the Queen

Depending on how the price action looks the Queen will be used to get out close to even or small gain.
If It looks favorable the Queen will cause a nice "windfall"

That is just a general overview. The tactics within the strategy. I've seen a small amount of other traders doing something similar.

This sounds similar to the way FTI says he traded, I think you have mentioned him in the past. Dangerous to noobs, but powerful to an experienced trader

That is correct. FTI, Shawn Lucas, Oliver Velez, and there are others I've come across. Without proper risk management it can be dangerous.

If adding to losers can blow your account then adding to winners can expand your account if done right.

Both are valuable strategies

[aliassmith]

Try counter mo, no mo as an entry... works well.

doji

Can you explain?
I didn't really follow.

[aliassmith]

short 15 pips
20 sma sloping down
red bias candle
lazy single order short
$150 per lot in an hour
Not exactly a scalp. Looks like I'm not a scalper after all , short term intraday trader it seems.
That's the bulk of my trades then I have some heavy hitting stacked moves when the time looks right.
The Market and I have to be synced for that to happen.

[aliassmith]

Quick 28 not exactly by the book
20 sma sloping down
A bear bar showed up exactly near the sma
went in light break below that bar
it moved well for $280 per lot in 15 minutes.

edit: forgot to add it was about a 50% retrace of the last move

[aliassmith]

about 12 pips
20 sma short
Red bias candle
50% retrace of previous range
Short slight pull back for multiple entries
about $100 per lot