Aliassmith Beats a "Dead Horse"

[kiwiarian]

I've been struggling.. The 63% I spoke of last month, is completely the opposite for November. I do get fed up. Cant help but feel, I have wasted so much time, but my other side is saying.. Don't give up.

After having a good October, I thought, ok.. Maybe time to go live. I had an account ready.. Something in the back of my head said, wait. Am I glad I did not go ahead... Would have been another blown account!

Alias.. Is there a post on this thread that outlines your method, the way you are trading today? Or does one need to read from page 1, all the way through?

Do I need a coach?
I think I need a coach..
What kind of trader am I?.. I have no idea
Do I need someone looking from outside the box, to tell me.. aha, you need to trade like this.

Sorry for the shitty, put a downer on everything type of post.. I turned my computer on, sat at my desk and just looked at the charts and had no idea.

Early in the NLA thread MO threw out his first two SL tips :

SL TRick1.
1. Make some pips, then use the gains on drawdown enter again but increase your SL size , up to max reversal range.
------------------------------------------------------------
2.
If your SL is 9 pips then have your take profit at 0.5, 1, and 1.5
eg then you take profit at 4.5p, 9p, & 13.5p.

Then you have TRO MM, eights and space described here and other MM methods by the others in various threads who are killing the market.

[kiwiarian]

EurUsd
LONG
2 pips SL
4R

Just curious why you didnt take the first touch, or had it dropped a bit too far under your SMA?

trade1.PNG (230.08 KiB) Viewed 893 times

[aliassmith]

EurUsd
LONG
2 pips SL
4R

Just curious why you didnt take the first touch, or had it dropped a bit too far under your SMA?
trade1.PNG

I wasn't looking at it then

[nonibadsha]

Thanks Igazi..

I can clearly see the dots you have marked with arrows as breakouts and the S/D zones drawn after the breakouts. I understand that bit.

"- what do you think that 'non breakout' something looks like?"
Im not sure what you are referring to so, possible 2 answers to the above question

1- I'm assuming the dots are the closes of the candles. In which case a dot or a close with in the range of the previouse candle is not a breakout.

OR

2- The continuous dots higher/lower than the previous dots are "non breakout"

I've pointed a dot on your chart.. Why is that not a breakout?
I see the S/D zones marked but I can't determine what criteria is used to draw them.

OK. so. . .hrmmm.
- the dots are indeed closing prices.
- the bars are high-low.
- the color is blue if there is a close above the previous high.
- the color is red if there is a close below the previous low.

There are two ways to find a 'pattern':
1. closing prices accumulate around a tight price level.
2. there is a clear breakout: because there are only patterns and breakouts, the pattern must exist behind the breakout. . .somewhere.

You might notice that a 'clear breakout' has a nice separation from the previous close; this is important because dots that are part of patterns are generally near to either the previous close or the close before the previous close.

Although something might technically be considered a breakout, it might not have the characteristics that we are looking for. . .
for instance, as in the attached picture, we want to be reasonably sure that the breakout has put an end to the previous price leg.

breakout.jpg

How were these zones drawn? highs and lows, similar, I imagine, to how Alias would draw them. . .
but how I see it and how I draw it is not important:

you will see it and you will draw it how you will, and it will be just fine. . .

when someone throws you a ball you might not catch it firmly the first dozen times, but after a few hundred or thousand times you will make the necessary adjustments.

What do I need to set up my chart like yours?
I can get the Dots by changing to a line chart but then I lose the bars.

[IgazI]

What do I need to set up my chart like yours?
I can get the Dots by changing to a line chart but then I lose the bars.

You can go here, to the first post, and copy/paste/save the BSW indicator into TradingView.

If you want to use your own chart, and dots as an overlay, then simply put '//' in front of 'plotcandle', around line 22.
. . .maybe later I'll make that an option in settings.

If your candlesticks are in front of the dots then right click on the candles and select visual order ==> send to back.

Alternatively, you could go to lines 6-9 and make c = close and o = open or o = close[1]; your candles will then be colored based on the Alias Script.

If you want your normal colors then:

candleColor = o < c ? color.blue : color.red
plotcandle(o,h,l,c, color = color.new(candleColor,70), . . .

use_your_own.jpg (185.96 KiB) Viewed 803 times

[nonibadsha]

What do I need to set up my chart like yours?
I can get the Dots by changing to a line chart but then I lose the bars.

You can go here, to the first post, and copy/paste/save the BSW indicator into TradingView.

If you want to use your own chart, and dots as an overlay, then simply put '//' in front of 'plotcandle', around line 22.
. . .maybe later I'll make that an option in settings.

If your candlesticks are in front of the dots then right click on the candles and select visual order ==> send to back.

Alternatively, you could go to lines 6-9 and make c = close and o = open or o = close[1]; your candles will then be colored based on the Alias Script.

If you want your normal colors then:

candleColor = o < c ? color.blue : color.red
plotcandle(o,h,l,c, color = color.new(candleColor,70), . . .

use_your_own.jpg

Awesome..Thank you.. I'll check it out as soon as I can and post some charts.

[aliassmith]

Kreslik turned into Russian porn site. Oh My

[kiwiarian]

:oops: Kreslik turned into Russian porn site. Oh My

Very annoying as they show up as the latest threads/ posts knocking the genuine stuff down. Luckily, they are too scared to post in the Rumbled Ones main thread.

[aliassmith]

Last month's commissions. Lol
Mostly from eurusd.
EurUsd and US30 were heavily traded last month.

[Yirbu]

:oops: Kreslik turned into Russian porn site. Oh My

Very annoying as they show up as the latest threads/ posts knocking the genuine stuff down. Luckily, they are too scared to post in the Rumbled Ones main thread.

Nothing wrong with Russian women but I'm here for something else...