Aliassmith Beats a "Dead Horse"

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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Apr 08, 2021 1:20 am

Lvup7 wrote:
aliassmith wrote:
Lvup7 wrote:

Intraday trading, sometimes I go the whole day without a setup. This bothers me more than it should. Trying to shift my psychic and think more in term percentage gained. In general (I know everyone is different and has their own financial needs) what do think is good weekly percentage return on an account?


There could be a few things happening.
You have a real particular setup and it can't be traded every day?
I'd go back through each day and see if you are missing trades because of paralysis.
If you are missing trades cut your risk in half and see if that helps you make the entries you should be making.
If you aren't missing trades then you are good to go and figure out how to make the best out of the trades you do get.
It always comes back to collecting data/info to test and evaluate what you are doing.

Study the market and yourself! :idea:



This is real great advise. I find myself comeback to review it few times. Thank You Sir.

What has your trading journey been like? How many years have you been trading, and how long did take you to be consistent?

Was there the turn point, when the lightbulb went off, Or was It just continuously tracking the data and trusting the process?


My story is on the forums somewhere. There is even some fighing with Prochargedmopar and some others. :D

My story might be entertaining but it won't be relevant to your journey.
Trade Your Way as Long as It Makes Money!

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Apr 08, 2021 1:26 am

US30 on M1short after failed upthrust
Enter on zline by upper arrow
5x exit at lower arrow
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Apr 09, 2021 2:37 am

Old Skool
Using a high(er) time frame Point of Interest then entering on the M5 or M15 chart
Did this kind of stuff with Mightyone years ago, yes Zlines still work.

IN this case the high time frame is the 1 hour
The trigger and risk is from the M5 chart about 4 pips risk.
Those 4 pips can be .5%, 1%, 2% or whatever, its your money.
on a 1:100 leverage you can go about 4% risk. Those are fun if you have some profit cushion

So that is the entry.

You have some YOLO cash and you are risking $1000/pip

How do you exit?
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Apr 09, 2021 2:48 am

aliassmith wrote:Old Skool
Using a high(er) time frame Point of Interest then entering on the M5 or M15 chart
Did this kind of stuff with Mightyone years ago, yes Zlines still work.

IN this case the high time frame is the 1 hour
The trigger and risk is from the M5 chart about 4 pips risk.
Those 4 pips can be .5%, 1%, 2% or whatever, its your money.
on a 1:100 leverage you can go about 4% risk. Those are fun if you have some profit cushion

So that is the entry.

You have some YOLO cash and you are risking $1000/pip

How do you exit?


On that chart look how price moves.
It goes to 1.5R...hits the brakes
it goes 2R ...hits the brakes
It goes 3R...hits the brakes (looks like a popular spot)
it goes 4R...hits the brakes
5R then
6R
There seems to be a method to the madness
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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Fri Apr 09, 2021 3:50 pm

aliassmith wrote:Old Skool
Using a high(er) time frame Point of Interest then entering on the M5 or M15 chart
Did this kind of stuff with Mightyone years ago, yes Zlines still work.

IN this case the high time frame is the 1 hour
The trigger and risk is from the M5 chart about 4 pips risk.
Those 4 pips can be .5%, 1%, 2% or whatever, its your money.
on a 1:100 leverage you can go about 4% risk. Those are fun if you have some profit cushion

So that is the entry.

You have some YOLO cash and you are risking $1000/pip

How do you exit?


You exit when Liquidity is cleared below the lows to the left which is 5R.
UNless you are trading to an H4 or D1 target which I'm sure you are not..
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Apr 09, 2021 5:41 pm

prochargedmopar wrote:
aliassmith wrote:Old Skool
Using a high(er) time frame Point of Interest then entering on the M5 or M15 chart
Did this kind of stuff with Mightyone years ago, yes Zlines still work.

IN this case the high time frame is the 1 hour
The trigger and risk is from the M5 chart about 4 pips risk.
Those 4 pips can be .5%, 1%, 2% or whatever, its your money.
on a 1:100 leverage you can go about 4% risk. Those are fun if you have some profit cushion

So that is the entry.

You have some YOLO cash and you are risking $1000/pip

How do you exit?


You exit when Liquidity is cleared below the lows to the left which is 5R.
UNless you are trading to an H4 or D1 target which I'm sure you are not..


Sure thats an option, All or Nothing to 5R

Many ways to manage it.
Partial at previous point of interest like 2R then run to 5R
Partial then BE
Partial then trail the stoploss
Partial, retrace add, etc

Many ways to do it. The best way is one that you do consistently.
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Apr 09, 2021 6:00 pm

Dead Horse on the M15 using zline as support
The SMA are 20 on close and 20 on open
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Apr 09, 2021 6:14 pm

Previous chart on the M5 to tighten entry
I forgot the FIB tool but it went about 11R

That's the entry how do you exit?

I think when you trade like this it doesn't have to be a way to buy a Lambo.
It can be used to manage risk by risking 1% or less
If you use all in ,all out at .5% you still make about 5%

I believe the most important lesson I've learned all these years is
Manage your RISK, STAY in the game.
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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Fri Apr 09, 2021 8:26 pm

aliassmith wrote:Previous chart on the M5 to tighten entry
I forgot the FIB tool but it went about 11R

That's the entry how do you exit?

I think when you trade like this it doesn't have to be a way to buy a Lambo.
It can be used to manage risk by risking 1% or less
If you use all in ,all out at .5% you still make about 5%

I believe the most important lesson I've learned all these years is
Manage your RISK, STAY in the game.


Yup,
I agree if I were banking profits from the markets.

"It's what you do when you're wrong that counts" OTC old guy.

And,
Small win
Big win
Small loss
NO big losses.

I know dragon said that but I forgot who said it before him.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Fri Apr 09, 2021 8:27 pm

I really am curious what happened to all the "big shots" that use to peruse these boards.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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