Aliassmith Beats a "Dead Horse"

[aliassmith]

Oh, I really hate it when this happens and I'm not having a bit(e) of that....70+pips

Where is your 70R trade?

[Yirbu]

Oh, I really hate it when this happens and I'm not having a bit(e) of that....70+pips

Where is your 70R trade?

In my dreams

[aliassmith]

Oh, I really hate it when this happens and I'm not having a bit(e) of that....70+pips

Where is your 70R trade?

In my dreams

Caught a 20% short just now
I need a nap now so I can dream about trading like Don_xyZ.

[aliassmith]

I wonder if EURUSD will seek parity today?
I think it can, i think it can.

[Yirbu]

Where is your 70R trade?

In my dreams

Caught a 20% short just now
I need a nap now so I can dream about trading like Don_xyZ.

I also took the short....not 20% but ok-ish.
I'll dream tonight.... First...dinner

[kiwiarian]

Im not sure what to improve? There are possibilities for various SL and TP sizes.

I have been learning better entry technique to allow for larger R. A lot of it depends on a person's nature. That is why I leave the bulk of the entry/exit implementation to the individual.

I know if I laid out exactly what I am doing there will be plenty of individuals that could not copy what I did. I believe they need to think their way into their process.

It also depends on their risk tolerance, margin, leverage, and eye sight.

With 1:100 leverage and current margin requirements I can trade EURUSD with 1 pip = 1 %. The way EURUSD moves there are opportunities to enter with 1 or 2 pips SL. This means more probability of hiting 3R to 40R trades. Even a few 3R trades in a day can make a difference.

If you risk 1 pip at this zeroline it works for at least 10R.

More conservative approach would be a 3 pips SL for a 3R.

Interesting, I am just starting to play with ZL's but on the higher time frames. I got taken out on the 5m as I was ignoring them on the Lower Time Frame, lesson learnt that LTF ZL's should not be ignored.

[Goonslinger]

With 1:100 leverage and current margin requirements I can trade EURUSD with 1 pip = 1 %. The way EURUSD moves there are opportunities to enter with 1 or 2 pips SL. This means more probability of hiting 3R to 40R trades. Even a few 3R trades in a day can make a difference.

Do you have a TP in mind when you take any given trade? Or do you allow price action/ZL/SD to dictate when you TP?

[aliassmith]

Do you have a TP in mind when you take any given trade? Or do you allow price action/ZL/SD to dictate when you TP?

Yes I have a TP in mind, but I alliow PA to dictate exits.

[aliassmith]

I wonder if EURUSD will seek parity today?
I think it can, i think it can.

Parity has been reached!

Looking at next high of 1.0051

[aliassmith]

EURUSD M1
Enter near the arrow short.
2 pips = 1%
Much easier to use 2 pips than 1 pip for SL. Then an 8 pips move is 4% instead of 8%.