I went to your sorta log. It looks like you
are trading several ideas.
After you posted the cadjpy trade, i looked
at it and saw a 1H zline so i shorted it.
Aliassmith Beats a "Dead Horse"
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Trade Your Way as Long as It Makes Money!
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Re: Aliassmith Beats a "Dead Horse"
Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in.
I normally look at 3 pairs G/U, E/A and G/J. Those 3 usually offer enough movement each day to get 30-50 pips off a trade, plus they aren't very closely correlated to each other. I just wait for one to offer up a set up that I like then go from there. I was just looking at cad/jpy because u can buy almost twice as much then the other pairs and I really liked the setup. I always look for the trade that I thinks offers me the best chance at succeeding and make me the most money.
I normally look at 3 pairs G/U, E/A and G/J. Those 3 usually offer enough movement each day to get 30-50 pips off a trade, plus they aren't very closely correlated to each other. I just wait for one to offer up a set up that I like then go from there. I was just looking at cad/jpy because u can buy almost twice as much then the other pairs and I really liked the setup. I always look for the trade that I thinks offers me the best chance at succeeding and make me the most money.
Re: Aliassmith Beats a "Dead Horse"
Just want to give you a quick update. Both E/A and G/J both had trades on Tuesday that had you held would have made it all the way to the crash zone (300 pips each). Now it looks like G/J might be headed back down. I just started looking at the crash zone and im still trying to figure out how I want to include it in my trading.
Also the cad/jpy worked out almost perfect for me. Like I said I would take profit at its daily ATR (+30%). I didn't trade yesterday, but then today it was almost back at my orginal entry price and it just dropped a quick 80 pips, so almost a extra 20%. Like MO says you can normally resell it once or twice, but not thrice.
Also the cad/jpy worked out almost perfect for me. Like I said I would take profit at its daily ATR (+30%). I didn't trade yesterday, but then today it was almost back at my orginal entry price and it just dropped a quick 80 pips, so almost a extra 20%. Like MO says you can normally resell it once or twice, but not thrice.
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
thx for the update pretty straight forward concept.
ys that cadjpy had two entries for some pips.
ys that cadjpy had two entries for some pips.
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- prochargedmopar
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Re: Aliassmith Beats a "Dead Horse"
v8power wrote: I was just looking at cad/jpy because u can buy almost twice as much then the other pairs and I really liked the setup. I always look for the trade that I thinks offers me the best chance at succeeding and make me the most money.
NU has the lowest margin requirements as far as I can tell with oanda.
Really pisses me off that AJ which had been the lowest went up so High.
Same as EU now.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
I like it
http://traderspodcast.com/episode280/
http://traderspodcast.com/episode280/
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- volnmar
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Re: Aliassmith Beats a "Dead Horse"
Hello please where can I find what is OPM and how to use it? I dont even know what OPM means
Just learning
Re: Aliassmith Beats a "Dead Horse"
OPM (other peoples money). It is the building block of being able to aggressively stack.
"Intention transforms while attention creates." Deepak Chopra
- volnmar
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Re: Aliassmith Beats a "Dead Horse"
seedling wrote:OPM (other peoples money). It is the building block of being able to aggressively stack.
Great thank you but I tried search and still can´t find what it is and how to do it? Please in which thread is it described?
Just learning
Re: Aliassmith Beats a "Dead Horse"
volnmar wrote:Great thank you but I tried search and still can´t find what it is and how to do it? Please in which thread is it described?
You start your own thread called Question Time with volnmar or if you want to be funny Volnmar Beats a "Dead Horse"
and I will drop in when I can answer. As you are going to have lots of questions you could try to keep them all in one place.
Though I described it in my last answer, it really is that simple, win a trade, consider you didn't win, (but you did) then use the profit (OPM) to place next trade, same thing as the stacking template.
"Intention transforms while attention creates." Deepak Chopra
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