Aliassmith Beats a "Dead Horse"

[aliassmith]

Some times your TP does not trigger when price moves too fast.

[aliassmith]

1 short in London

[aliassmith]

More than not this EUR/CAD can surprise you.
Wish I noticed this trade
risk .5% and make 3%

[aliassmith]

Basically AUDJPY was winner winner chicken dinner with 5 nice trades during the London/US

[PTG]

11 opportunities seen today, 2 cost trades (-1 R), 9 profitable (at least 1.5R), all on M5; all in, all out. Example below.

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[PTG]

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[aliassmith]

11 opportunities seen today, 2 cost trades (-1 R), 9 profitable (at least 1.5R), all on M5; all in, all out. Example below.

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Did you take those 11 trades?
Net about 11R is nice.

[aliassmith]

long trade 6R up to resistance

[PTG]

11 opportunities seen today, 2 cost trades (-1 R), 9 profitable (at least 1.5R), all on M5; all in, all out. Example below.

2020-05-04_1529.png

2020-05-04_1953.png

2020-04-02_0143 - Copy1.png

Did you take those 11 trades?
Net about 11R is nice.

No I didn't. I was keeping an eye on several charts whilst doing other things to see if this fits what I do currently (planting veggies and taking care of other things).
Repeated it again today, a whopping 22 opportunities, 4 cost trades and 18 profitable. 4 maxed at 5R.
So now I've got 33 opportunities, 27 profitable and 6 cost trades, nets 36 R taking a mechanical 1.5R. About 80% profitable trades.
This is good, thanks for introducing this particular prancing horse

Time to dust off the old forex account now to trade this live. There will be less actual trades because I identified some of these opportunities after they triggered because I'm not stuck to the screen all the time (actually almost not). The important thing is that there seem to be so many opportunities that I can use where only a few will do to get the targeted daily amount of money, and if I come across a cost trade then there are enough opportunities to recoup and then some.

For those who wonder: say you have 10k funny money in your account, and you aim for -say- 300 units of funny money per day to make a living. You risk 1% per trade and get out at 1.5x your risk. That implies two trades are enough, and if you hit a cost trade (which you will) then you need another two profitable trades. Do this consistently and off you go.

[PTG]

long trade 6R up to resistance

Me too, kind of. No hash tag though
Went to 5R, slightly different stop and entry.

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