Aliassmith Beats a "Dead Horse"

[aliassmith]

Similar to the trade I took off of the M1 chart that made money today.
This is the M5 version (my favorite timeframe)
Above M5 and it gets too long.
M1 and I can get caught up in the weeds (It's not noise its just me)

The trade was a continuation Zline.
If you look at the candle lows they are making higher lows.
They are also making higher closes.
The 20 SMA was turning up. Not sure why it didn't turn green yet.

Based on the M1 chart it was a 4R and based on the M5 it was a 3R.
It was 10 pips at 30+ lots per 100K account based on percentage trades 3% return.
If you have a basic setup of 5 pips = 1% then that's a 2% gain or $2000 for 20 lots size.

[aliassmith]

My favorite currency pair on M5 GBPUSD

The 1st trade had a structure component.
The 20 SMA bias
A lower close with reasonable risk in pips.
2R is a good target (9 pips)

The 2nd trade is basically a pinbar off the 20 SMA
2R is a good target (13 pips) or 3R based on a previous low off screen.

Many ways to keep score. If 5 pips = 1% then that's 4% gained.
50 pips a week = 200 pips a month = (assuming time off) 2000 pips a year
2000/5 = 400% a year <<< That is some basic flat math. No need to put all your eggs in one basket.
Let the stats play out.
Manage your downside. <<< Most important advice I can give any trader from my experience.
If you have some fancy money management, it could be something crazy like 10,000%

[aliassmith]

Alright last one. I think my Mexican food has digested.

This is Lems favorite pair with the DEADhorse I believe.

EURAUD is a non-standard pair. It has a value of $7.45 per lot per pip.
Using similar lot size as GBPUSD you can widen your SL a bit and equal the same risk.

The Chart shows trades over the entire London session
You get about 9R with the 2 losses marked with red "X"
or 67 Pips which convert to 50 standard pips.
Conservative up to insane that is 2.5% to 36%+ return

[LeMercenaire]

Alright last one. I think my Mexican food has digested.

This is Lems favorite pair with the DEADhorse I believe.

EURAUD is a non-standard pair. It has a value of $7.45 per lot per pip.
Using similar lot size as GBPUSD you can widen your SL a bit and equal the same risk.

The Chart shows trades over the entire London session
You get about 9R with the 2 losses marked with red "X"
or 67 Pips which convert to 50 standard pips.
Conservative up to insane that is 2.5% to 36%+ return

EURAUD is most definitely my favourite for Dead Horse.

[prochargedmopar]

Looks like Kreslik.com died

Health issues been keeping me away. Still around and will get back on the horse soon.

Get better, lets see those charts.
We had hyde and pro making 20 posts per day and now "poof" disappeared.

Helping Dad remodel a rent house and also went on a camping vacation.
I got 2 weeks and then we will be off to Disney/Florida trip for 14 more days.

These "vacations" come to fast and to often. LOL

Retirement ain't all it's cracked up to be. hehehehe

[LeMercenaire]

Sounds like you're having a blast anyway!

[aliassmith]

After having a stupid day 2 days ago I've decided to take it easy the last 2 days to get my mind right.

I traded half my normal size and ended up green both days.

My problem is I started to try to trade to targets. Trading to targets happens to be my weak skill.
I usually just get to a point in the trade and say good enough or its acting funny time to bail.

I am typically stronger at picking entries and exits in real time, not planned out

[aliassmith]

Alright last one. I think my Mexican food has digested.

This is Lems favorite pair with the DEADhorse I believe.

EURAUD is a non-standard pair. It has a value of $7.45 per lot per pip.
Using similar lot size as GBPUSD you can widen your SL a bit and equal the same risk.

The Chart shows trades over the entire London session
You get about 9R with the 2 losses marked with red "X"
or 67 Pips which convert to 50 standard pips.
Conservative up to insane that is 2.5% to 36%+ return

EURAUD is most definitely my favourite for Dead Horse.

I can see why.
This one was pretty nice.

[LeMercenaire]

Alright last one. I think my Mexican food has digested.

This is Lems favorite pair with the DEADhorse I believe.

EURAUD is a non-standard pair. It has a value of $7.45 per lot per pip.
Using similar lot size as GBPUSD you can widen your SL a bit and equal the same risk.

The Chart shows trades over the entire London session
You get about 9R with the 2 losses marked with red "X"
or 67 Pips which convert to 50 standard pips.
Conservative up to insane that is 2.5% to 36%+ return

EURAUD is most definitely my favourite for Dead Horse.

I can see why.
This one was pretty nice.

You saw the charts I was putting up, this kind of move is nothing out of the ordinary on EA and there was plenty of opportunity to stack.

The only issue - if you can be a big enough ass to call it that - is that on the 15 min chart, the initial entry moves often happened at stupid o'clock, UK time.

[aliassmith]

EURAUD is most definitely my favourite for Dead Horse.

I can see why.
This one was pretty nice.

You saw the charts I was putting up, this kind of move is nothing out of the ordinary on EA and there was plenty of opportunity to stack.

The only issue - if you can be a big enough ass to call it that - is that on the 15 min chart, the initial entry moves often happened at stupid o'clock, UK time.

Is stupid o'clock UK time about the same time as good US time?