Aliassmith Beats a "Dead Horse"

[aliassmith]

GBPJPY M15
SHORT at arrow

[prochargedmopar]

Trade I marked up on EA before going to bed.
Yowsers!

Went 81 pips with an 11 pip SL

aidh.JPG (138.32 KiB) Viewed 1852 times

[prochargedmopar]

From NY open it went 81 pips with an 11 pip SL also.
Hmmmmmmmmmmmmmmmmmmmm

aidh1.JPG (76.33 KiB) Viewed 1852 times

[aliassmith]

From NY open it went 81 pips with an 11 pip SL also.
Hmmmmmmmmmmmmmmmmmmmm

aidh1.JPG

Ya its nice and pretty in hindsite. Once you see and understand whats happening you need a plan of action to collect those pips.

Your entries look decent

You need to set an exit plan which is an important part of trading that people forget about and is the most difficult.

The trade I recently posted was about 2x but I think it went about 5x and I don't care. You can't get all the pips and at some point you have to be happy with some of the pips. If its greater than 1x than good if I get good timing and catch 5x then that works also.

[Mark Mark]

My screens with dead horse.

[Mark Mark]

This is very simple strategy. I am happy. Thanks to all who was teaching me

[prochargedmopar]

From NY open it went 81 pips with an 11 pip SL also.
Hmmmmmmmmmmmmmmmmmmmm

aidh1.JPG

Ya its nice and pretty in hindsite. Once you see and understand whats happening you need a plan of action to collect those pips.

Your entries look decent

You need to set an exit plan which is an important part of trading that people forget about and is the most difficult.

The trade I recently posted was about 2x but I think it went about 5x and I don't care. You can't get all the pips and at some point you have to be happy with some of the pips. If its greater than 1x than good if I get good timing and catch 5x then that works also.

The "decent" entry would have been here (at the H4 ZL),
but that has nothing to do with a Dead Horse.

I would say that 1:1 is unacceptable.
2:1 Min.
Otherwise recovery AND mental psyche is hard to maintain.

What I'm marking, and trading on m5, has been "working for me" so far.
Let's see. Got a long way to go.
Just imagine if YOU or I never had to lose more than 4 pips on ANY trade for the rest of our lives.
Fear of engagement would be drastically reduced.
Profits drastically increased.
Partials would make much more sense as the R's multiples on runners would actually pay something.
JMO

aidh2.JPG (137.52 KiB) Viewed 1780 times

[prochargedmopar]

Comparing a DH buy to a ZL buy

D1 ZL
H4 ZL
m15 ZL
All same level.
Wait for m15 Momo,
Go
Appears the DH would be a good place to ADD to winners.

aidh3.JPG (140.87 KiB) Viewed 1768 times

[Lvup7]

From NY open it went 81 pips with an 11 pip SL also.
Hmmmmmmmmmmmmmmmmmmmm

aidh1.JPG

Ya its nice and pretty in hindsite. Once you see and understand whats happening you need a plan of action to collect those pips.

Your entries look decent

You need to set an exit plan which is an important part of trading that people forget about and is the most difficult.

The trade I recently posted was about 2x but I think it went about 5x and I don't care. You can't get all the pips and at some point you have to be happy with some of the pips. If its greater than 1x than good if I get good timing and catch 5x then that works also.

I couldn't agree more. The hardest part is the exit plan, cuz you can't control it. After beating my head against the wall for days/weeks. Intraday I try to take 90% at 1x and hope the rest gets me to 2x that is about it.

[aliassmith]

From NY open it went 81 pips with an 11 pip SL also.
Hmmmmmmmmmmmmmmmmmmmm

aidh1.JPG

Ya its nice and pretty in hindsite. Once you see and understand whats happening you need a plan of action to collect those pips.

Your entries look decent

You need to set an exit plan which is an important part of trading that people forget about and is the most difficult.

The trade I recently posted was about 2x but I think it went about 5x and I don't care. You can't get all the pips and at some point you have to be happy with some of the pips. If its greater than 1x than good if I get good timing and catch 5x then that works also.

The "decent" entry would have been here (at the H4 ZL),
but that has nothing to do with a Dead Horse.

I would say that 1:1 is unacceptable.
2:1 Min.
Otherwise recovery AND mental psyche is hard to maintain.

What I'm marking, and trading on m5, has been "working for me" so far.
Let's see. Got a long way to go.
Just imagine if YOU or I never had to lose more than 4 pips on ANY trade for the rest of our lives.
Fear of engagement would be drastically reduced.
Profits drastically increased.
Partials would make much more sense as the R's multiples on runners would actually pay something.
JMO

aidh2.JPG

I believe it to be relative. If you track stats of your "trades" then you may find 4:1 is the best overall time to take profit or it could be 1:1 you wouldn't know without that research data. Other than actual data your opinion is anecdotal at best.

If you only ever lose 4 pips what if those 4 pips are worth $4000?
What if you need a 6 pips SL is also $4000?
Its relative, from my research.
Market structure plays its part in determining these values otherwise you are trying to mold the market into your box.