Aliassmith Beats a "Dead Horse"

[aliassmith]

C'mon guys, gimme something interesting to read while I lie here doing the square root of absolutely nothing!

I know I've been slacking. Mostly checking my alert program. I've noticed the color changing SMA works a little different than the built in SMA in MT4.

[aliassmith]

Break even or better on EA
First trades were loser second moved nice.

[aliassmith]

Same with GU
although Lem probably wouldn't of took the first long so he would be ahead on the day.

[hhc]

Break even or better on EA
First trades were loser second moved nice.

Hi, your Alert System is taking into account any ATR level?

[aliassmith]

Break even or better on EA
First trades were loser second moved nice.

Hi, your Alert System is taking into account any ATR level?

No just 20sma; candle bias; and session

[aliassmith]

Here is one using Lem's double arrow entry.

[aliassmith]

Here is one on the GU after a pull back

Looks like off the line the double arrow entry Lem uses works
and the single arrow entry off the pullback works

[LeMercenaire]

Not traded as I am still getting back on my feet but watched it develop and is the entry before Alias' noted one above.

I would have been more than happy to take any of the secondary entries following on - and these could also of course be looked at as add-in locations.

EURAUDM15nottradedbutFYIontheDeadHorse27thJuly2020.png (47.07 KiB) Viewed 2273 times

[LeMercenaire]

Running the above on the Kijun-sen, it would actually have held you out until the following candle.

EURAUDM15inonecandlelateronKijun-sen27thJuly2020.png (44.02 KiB) Viewed 2272 times

Now, what should be noted is that if you see the Kijun-sen is flat, that is a sign of indecision and that you should be cautious about plunging in too early. So, sure, you can see that price did, in fact, trundle along for a good while before making up its mind.

Using that info as part of your entry decision-making process, along with the higher-lows pa etc, would possibly have held your entry until here...

EURAUDM15astheKijun-senSlopeInfo27thJuly2020.png (44 KiB) Viewed 2272 times

Dead-Horses-For-Courses, as always.

[LeMercenaire]

I should also point out that of the above trade entries, it's more likely that in normal circumstances, I wouldn't have gotten in till the latter ones, as the only reason I was there to see the earliest one marked was that I was out of my pit earlier than would be normal.