Aliassmith Beats a "Dead Horse"

[aliassmith]

Well, not reaching for the "the moon" has always been difficult for me, ha, ha.
And I do realize it's a learning process...

Dave is indeed helping in my learning process.
The below chart is an example. (we all love charts)

#1 was BE I got tired of waiting and closed the trade at BE just before it went down
#2 was an inside bar I went long...it was a loss.
Now see the imbalance just above my trade? I will not make that mistake again now I know.
One week ago price would have just "magically" reversed. Today I know better.
#3 was a nice trade but was also an example of me holding longer on to a trade as usual. It turned out ok, but normally I wouldn't let that bullish bar retrace on me and I would settle for X1. Now I have X3.
#4 was a really nice trade. Price came back into that grey S-zone. If you drill down to the m1 you can see a mini H&S right at the top and price gapped down a bit. When price came back to the area and filled that tiny gap I shorted it and took 12pips because price just froze.

221006 - EURUSDM5-.png

Finally using my Computer, I think it was getting sad.
I marked Up this chart. It's the same time as yours with some new and old ways of looking at it.
30+ pips for 2% conservatively if 15 pips = 1%

edit: I missed a trade...After the +5 there is a Dave trade short for about +11

Thx! Nice post.
(you are awake real early/late)

I like the first trade. Tapping back into that imbalance and then up.
The "missing +11" trade...do you think it's a Dave trade?
I thought it would only become a Dave trade after the imbalance created by the 09:00 candle got filled by the wick of the 10:55 candle.
Anyway...+11 is nice
That +6 short...did you take it off that little white candle at 6:35?

Studying your charts helps a lot.
I can already see things I forgot...

White candle near the +12

[Yirbu]

White candle near the +12

Yes, that's the one.

[aliassmith]

White candle near the +12

Yes, that's the one.

I haven't traded EU for awhile. I had to place a few trades to make sure it still produces. I want to say 2 trades for 17ish pips. I think I done for the week. I might mark up some charts on the weekend.

For now I need a few zzzzzzzz

[aliassmith]

Had to do it.
Hard not to trade.

I made an EU traded that was barely green.(slow moving)
Made a US30 M5 trade that was 7 points loss.
Collected 88 net points overall with a few more US30 trades.
I think the R is about 7 or 8.

[Yirbu]

Had to do it.
Hard not to trade.

I made an EU traded that was barely green.(slow moving)
Made a US30 M5 trade that was 7 points loss.
Collected 88 net points overall with a few more US30 trades.
I think the R is about 7 or 8.

Ha, ha, ha.
I knew it.

[aliassmith]

These guys are saying how the "algorithm" is controling the market just like ICT.

I have a hard time believing it.
I do believe the market is manipulated various ways.
I do believe that when you get a high enough amount of traders and computer making trades they in essence become an "algo"

I the end I guess it really doesn't matter as long as it moves in these "predictable" ways.

[aliassmith]

Lol,
NAS supply and demand pics are zlines

[aliassmith]

Had to do it.
Hard not to trade.

I made an EU traded that was barely green.(slow moving)
Made a US30 M5 trade that was 7 points loss.
Collected 88 net points overall with a few more US30 trades.
I think the R is about 7 or 8.

Ha, ha, ha.
I knew it.

Ok Im actually done. Grabbed an additional 100ish points. About an additional 8R. One thing I have been doing is having my R greater than 1. Not a lot greater but enough to make life easier.

Time for some zzzzzzz I hope, sleeping isn't one of my good skills.

Edit: threw an EU in there for a few pips

[aliassmith]

Can what Dave and NAS teach be implemented into the DeadHorse?

How about a US500 M5/M1 chart for a change.
(If you have to or want to switch to US futures in the future, might be good to know)

The yellow is a fib (0,50%,100%) and I am looking at about the 50% level for entry.
You can confirm on the M1 but use M5 as the main guide.
SL at the top of that single candle.
Also notice it is on a red candle.
The 20 SMA has a downward slope.
Target is the low of the swings marked with the green lines.
They have R values of 1R to 5R
Realistically you would have only done the first 2 trades for about 9R Unless you missed trade 2 or was looking for adds.

2 trades
2/2
9R
Shutdown for the day and relax.
Risk .33% to gain 1.6% for trade 1
Risk .66% to gain 2.6% for trade 2 (If you do risk gearing)
Total risk .33% for Total gain 4.2% for 12.7R

[aliassmith]

I marked a chart showing hidden S/D for wicks.
According to the boys wicks can hold S/D areas.
We can also see from Don_xyZ charts he makes similar entries.

As with anything else these S/D areas maybe weak or Iron strong.
When the liquidity gets overrun then it breaks.