Aliassmith Beats a "Dead Horse"

[kiwiarian]

Hi Alias, What are your thoughts about wobbling and averaging into a losing position which I think you have mentioned in the past? I'm still playing around with this trying to see if I can get it working but it looks more dangerous than flat MM trades on here. Just curious if it worked for you or is it one of the less recommended MM styles compared to here.
CHeers.

It only works if you can manage your downside well. Otherwise you can be upside down a lot. I can make a killing with it right up until the market trends hard the wrong direction.

OK makes sense thanks, I think I try and fix too hard too early so will practice a pyramid approach keeping it light in the first few layers leaving some ammo for later on. Good to hear this can work for you. Cheers.

[Goonslinger]

EURUSDM1 (2 hours of trading with many possibilities)
S@D markup with Structure Change
Seems like when S@D is within S@D then the trade is better.

Is the change in structure defined when price fails to close below the previous high (which you started the line from)?

I'm not sure, I don't belong to one of the recent cults.I have the way I see things.

I define it when I have a higher high. (Breakout close above). You then get a test back into the previous area without creating a lower low. The new structure is showing a higher high and higher low which is bullish character to me.

Also realize that it is in relationship to the current timeframe. Different timeframe can/will have different bias.

Thanks, Alias.

When trading M1, what's the highest TF you look to for bias?

[aliassmith]

Is the change in structure defined when price fails to close below the previous high (which you started the line from)?

I'm not sure, I don't belong to one of the recent cults.I have the way I see things.

I define it when I have a higher high. (Breakout close above). You then get a test back into the previous area without creating a lower low. The new structure is showing a higher high and higher low which is bullish character to me.

Also realize that it is in relationship to the current timeframe. Different timeframe can/will have different bias.

Thanks, Alias.

When trading M1, what's the highest TF you look to for bias?

I look for points of interest not really bias. If you want some bias the M5 as a guide doesn't hurt.

[aliassmith]

Thats how I do it. I switched back to EURUSD. Watching mainly the M1 looking at other TF for something interesting.

Made 41 pips over London.
And that is after commissions.

I think I can make more $$$$$$ on EURUSD than US30.

I'm thinking about getting that 4 million from 5ers only trading the EURUSD. We will see.

[aliassmith]

Thats how I do it. I switched back to EURUSD. Watching mainly the M1 looking at other TF for something interesting.

Made 41 pips over London.
And that is after commissions.

I think I can make more $$$$$$ on EURUSD than US30.

I'm thinking about getting that 4 million from 5ers only trading the EURUSD. We will see.

added another 6.5 pips
I'm for sure done today.

[Don_xyZ]

Thats how I do it. I switched back to EURUSD. Watching mainly the M1 looking at other TF for something interesting.

Made 41 pips over London.
And that is after commissions.

I think I can make more $$$$$$ on EURUSD than US30.

I'm thinking about getting that 4 million from 5ers only trading the EURUSD. We will see.

Yes. The hot item for now is EU due to the problems in Europe. Putin is bad but pips is good.

[prochargedmopar]

EURUSDM1 (2 hours of trading with many possibilities)
S@D markup with Structure Change
Seems like when S@D is within S@D then the trade is better.

Is the change in structure defined when price fails to close below the previous high (which you started the line from)?

I'm not sure, I don't belong to one of the recent cults.I have the way I see things.

I define it when I have a higher high. (Breakout close above). You then get a test back into the previous area without creating a lower low. The new structure is showing a higher high and higher low which is bullish character to me.

Also realize that it is in relationship to the current timeframe. Different timeframe can/will have different bias.

123, Ask dchappy.
These cultists have never studied the true definition but what they are using works. LOL

[prochargedmopar]

Thats how I do it. I switched back to EURUSD. Watching mainly the M1 looking at other TF for something interesting.

Made 41 pips over London.
And that is after commissions.

I think I can make more $$$$$$ on EURUSD than US30.

I'm thinking about getting that 4 million from 5ers only trading the EURUSD. We will see.

Yes. The hot item for now is EU due to the problems in Europe. Putin is bad but pips is good.

What?
I leave EU after trading it for months and now your telling me it's ON THE MOVE? LOL
Those small 500 point daily candles on u30 are just nuts.
Lots n Lots of 'opportunity'.

[aliassmith]

Thats how I do it. I switched back to EURUSD. Watching mainly the M1 looking at other TF for something interesting.

Made 41 pips over London.
And that is after commissions.

I think I can make more $$$$$$ on EURUSD than US30.

I'm thinking about getting that 4 million from 5ers only trading the EURUSD. We will see.

Yes. The hot item for now is EU due to the problems in Europe. Putin is bad but pips is good.

What?
I leave EU after trading it for months and now your telling me it's ON THE MOVE? LOL
Those small 500 point daily candles on u30 are just nuts.
Lots n Lots of 'opportunity'.

There are a lot of opportunities on EU also. It could just be me but I make more $$$$$$ on EU right now.

What I made on EURUSD today would of required about 350 points on the US30 and I don't usually make over 200 a day.

[aliassmith]

EURUSD opportunity

Enter at arrow and demand
Exit where?