Aliassmith Beats a "Dead Horse"

[prochargedmopar]

Been having a look at the GA and at the moment, it could well be a worthy equal to good ol' EA, with the interesting caveat that EA - for me - works better on 15-min, while GA seems to suit 5-min.

Also - and this is a major factor - it seems to trigger more in the daylight hours, rather than stupid o'clock uk time.

We'll see.

The pair and timeframe does not matter.
There will always be this:

ga.JPG (203.89 KiB) Viewed 2004 times

ga5.JPG (200.41 KiB) Viewed 2004 times

[prochargedmopar]

I just heard someone say...

"IT'S ALWAYS a LIQUIDITY GRAB"

Yep that's how the markets move

Who is "someone"?

You wouldn't know them that why I didn't say.

Introduce me.

[aliassmith]

Been having a look at the GA and at the moment, it could well be a worthy equal to good ol' EA, with the interesting caveat that EA - for me - works better on 15-min, while GA seems to suit 5-min.

Also - and this is a major factor - it seems to trigger more in the daylight hours, rather than stupid o'clock uk time.

We'll see.

The pair and timeframe does not matter.
There will always be this:

ga.JPG
ga5.JPG

Maybe you'll understand one day.
I'm going to guess never since its been ths long

[LeMercenaire]

Been having a look at the GA and at the moment, it could well be a worthy equal to good ol' EA, with the interesting caveat that EA - for me - works better on 15-min, while GA seems to suit 5-min.

Also - and this is a major factor - it seems to trigger more in the daylight hours, rather than stupid o'clock uk time.

We'll see.

The pair and timeframe does not matter.
There will always be this:

ga.JPG
ga5.JPG

Ultimately, trade what you see and if it's a set up, it's a set up, if it isn't, it isn't.

[aliassmith]

Use high timeframe pointy places
Use smaller timeframe triggers
There are patterns and breakouts
Body in direction of profit
Wick in direction of loss
Add/stack for size
Normalize risk
Risk lines make lines
Liquidate at a percentage not for pips.

After going back to read the last posts MightyOne made, this is the simplfied message he was trying to get people to understand. In most cases people seemed to be looking for ways to fail and not take it at face value.

What these things do:
Show Bias
Create a risk/reward edge
Manage risk
Make targets

Seems like a reasonable way to make some cash.

[aliassmith]

GBPAUD H4
This pairs has some nice runs on the H4

Sometimes I "hate" MO
I could have bought an island by now if I wasn't being so lazy and stubborn, and just did what he said.

MO's teachings and prop firm capital is easy street for people these days. Its not for everyone but it is lucrative as heck.

You still need:
Practice
Expectation
Conviction

[prochargedmopar]

GBPAUD H4
This pairs has some nice runs on the H4

Sometimes I "hate" MO
I could have bought an island by now if I wasn't being so lazy and stubborn, and just did what he said.

MO's teachings and prop firm capital is easy street for people these days. Its not for everyone but it is lucrative as heck.

You still need:
Practice
Expectation
Conviction

Most of all, CONVICTION

[Lvup7]

GBPAUD H4
This pairs has some nice runs on the H4

Sometimes I "hate" MO
I could have bought an island by now if I wasn't being so lazy and stubborn, and just did what he said.

MO's teachings and prop firm capital is easy street for people these days. Its not for everyone but it is lucrative as heck.

You still need:
Practice
Expectation
Conviction

Did you manage to get an account with FTMO? How many active/live traders do they have?

There are many bad reviews going around about "theproptrading", I suppose they are too new and can't deal with influx of traders flooding their doors.

[aliassmith]

GBPAUD H4
This pairs has some nice runs on the H4

Sometimes I "hate" MO
I could have bought an island by now if I wasn't being so lazy and stubborn, and just did what he said.

MO's teachings and prop firm capital is easy street for people these days. Its not for everyone but it is lucrative as heck.

You still need:
Practice
Expectation
Conviction

Did you manage to get an account with FTMO? How many active/live traders do they have?

There are many bad reviews going around about "theproptrading", I suppose they are too new and can't deal with influx of traders flooding their doors.

I passed the FTMO challenge.

I don't know how many. As long as they continue to pay I don’t care.

[Lvup7]

To follow that up we can go over some of my experience.

I was learning to trade by adding to losing trades.
Over time I noticed that some of my biggest losses were from adding to losing trades, and holding losing trades to long

One of my biggest losses was a 40% loss over 2 days.

It turns out that my biggest gain was a trade I added to that made 130% in 1 day.

It turns out that managing risk and adding to winners can be lucrative.
There are various ways to accomplish this, how do you do it?

The hardest aspect I had to overcome was my need for perfection.

My scalping style - in heavy and stack into MOMO - lends itself to long winning runs. Usually small bites and then a bigger, sometimes much bigger, runner. To get these runners means you need to be in the game. So, small bites, etc...

Problem was, it meant that the urge to hold a bad move was strong...very strong.

It wasn't until I broke down the numbers that I realised that by simply cutting the losses really tight - and here's the key - going back in again if and when it turned back in my direction - did I actually make far, far more money.

Of course it also helped that I could use (trading) psychology to tell myself that well, see, it wasn't a loss, it was a strategic decision and I had in the end been correct in my original decision anyway. I was actually being clever in my cutting losses strategy, not passively negative.

Hi, Do you plan for a big move and then take the scalps in the direction or is a pure scalps first and then try to stay in for the bigger moves if price goes there?

How do manage your positions from the scalps into bigger moves. Like shed lots, scale out, BE after some point?