Aliassmith Beats a "Dead Horse"

[nonibadsha]

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%.

Hey Alias..
Why did you enter a short there.
I see price was below the 20MA.. Is there a Zline there? Or something else?

[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%.

Hey Alias..
Why did you enter a short there.
I see price was below the 20MA.. Is there a Zline there? Or something else?

Something else. Watch daveteaches on youtube.

[aliassmith]

Wasn't aware US diesel is at an all time low. World economy is another 2008 on the way. How quickly we go from energy independence to begging for oil.

Hope I am wrong.

[IgazI]

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%.

Hey Alias..
Why did you enter a short there.
I see price was below the 20MA.. Is there a Zline there? Or something else?

Something else. Watch daveteaches on youtube.

It's really not that god-dmn difficult
- where did price come from?
- where did price go to?
- patterns & breakouts:
the pattern has more closes within a tight range than a breakout.
- turn the concept into computer code and you can use "the science" to make solid decisions.

There is not an explosion of new knowledge, just an ever-expanding number of Adams renaming everything under the sun. . .

The KISS:

al_I-is.jpg (157.09 KiB) Viewed 1077 times

[aliassmith]

Missed my trade BSing on here!
Long at 32572 and it went up 100 points. UGH!!!

[aliassmith]

US30 nice one
short at the green pinbar

Well, its noon here I'm good for the day

[aliassmith]

Popped right off demand
I can put those arrows all over the chart.
Its not super difficult.
It takes training and WORK

[aliassmith]

Little Godfather charting practicing my TV skills.
Not all S/D areas are marked and not all S/D areas are created equal.

[aliassmith]

Here is some MT5 markups.
For sure it doesn't have everything.
For sure I may not be doing it 100% correctly.
You should have an idea how price moves from these markups.
Like I said it isn't 100%, but there is plenty to make millions.
I don't know your psychology.
You must figure out the best way to capture these moves.

I was expecting that 32704ish today, the extra not so much.

[aliassmith]

Rules to trade by:
Practice and reflect (stick with 1 method and "pair" at first)
Use a SL size that gives you a chance of being successful. (big enough)
Use a SL size that doesn't let you hang yourself. (too big)
Take trades that appear to have enough room to run more than 1.5R or better. (anything under 1R can be difficult)
Plan your entries and let price come to you. (it makes being profitable easier)
Use your leverage/margin reasonably. (risking more doesn't make you better or makeup for bad decisions)
Follow the market don't demand it to do what you expect.
Don't marry a trade...see SL sizing above.
When you are doing things well you will still be wrong and that is counter intuitive to the business world/education. (train the mind to accept it.)