Aliassmith Beats a "Dead Horse"

[aliassmith]

Another thing I tested was targets. Another thing
that didn't work for me. My targets were to long
and too short.

And while we are at it, who the heck do I think
I am trying to predict the market behavior.

What I discovered about myself is I am way better
off watching the charts and taking profit when I
feel it looks like a good time.

The crystal ball picking targets thing was not a
winner for me.

[aliassmith]

Trading without stops...not good
Moving stops...not good
Picking.targets...not good

I did however realize what I am good
at when it comes to trading. I can
accumulate on short term trades.

Trades on 1m, 5m, 15m, 30m, H1, and
H4. define risk, enter the trade and exit
when the profit looks good or the market
acts odd.

My losses are easy to recover from and
my profit potential using opm is real nice.

I idea of using opm works well as long as
there is a %gain target to reset the leverage.
Trading at 100% leverage can be an issue if
done all the time.

So, that is what I learned with a bunch of money
and time recently. I'll stick with what works for me.

[prochargedmopar]

Trading without stops...not good
Moving stops...not good
Picking.targets...not good

I did however realize what I am good
at when it comes to trading.

Trading at 100% leverage can be an issue if
done all the time.

So, that is what I learned with a bunch of money
and time recently. I'll stick with what works for me.

We seem to be similar-ish.
I have not given up on big swinging just yet.
Scalping is easy on 30m and down charts.

Awesome to see you took all those steps.
Now you KNOW.
NOW you make as much money as you desire easily and calmly.

[aliassmith]

Trading without stops...not good
Moving stops...not good
Picking.targets...not good

I did however realize what I am good
at when it comes to trading.

Trading at 100% leverage can be an issue if
done all the time.

So, that is what I learned with a bunch of money
and time recently. I'll stick with what works for me.

We seem to be similar-ish.
I have not given up on big swinging just yet.
Scalping is easy on 30m and down charts.

Awesome to see you took all those steps.
Now you KNOW.
NOW you make as much money as you desire easily and calmly.

I think trading is about exploring many ideas and
figuring out what works for you.

I taught a guy I know how to trade by guiding him
through a series of methods. Once he had a few
under his belt, I asked him if there was a method
he was successful with and he said one actually
worked. So now he uses that method and fine tunes
it. He trend trades big charts. He is tweeking his
risk management, positioning, and adding.

The last nice trade of his had 4 adds and the first
entry was over 700 pips. I don't have the mentality
for that, but he does well.

[Captain Pugwash]

Question for young Alias - if he can bear to look at this error

I felt this was an Aliassmith and Jones type of trade - that I (expletive deleted) - and I bet Alias took properly

Just wondered about my error - the failure to get in again is no error - I was not around the keyboard - or given the big space would alias have used more leash

Or was the real failure not marking up correctly to see the upper momo. (Also, the M30 was clearer - I have a bad habit of m15 ing it)

Anyway - I sure buggered this opportunity up

2015-05-23_0759.png (77.09 KiB) Viewed 5636 times

http://s1303.photobucket.com/user/LiamIvers/media/2015-05-23_0759_zpsrlvrolyy.png.html

EDIT - I added the m30 chart and that green momo box that showed such a beautiful rejection, below (the other areas are the original m15)

2015-05-23_0843.png (77.84 KiB) Viewed 5628 times

http://i1303.photobucket.com/albums/ag144/LiamIvers/2015-05-23_0843_zpspyqhcpn3.png

err - It should go without saying - it was a short entry

just to finish the story - the reaction and entry on a m1 around the green line (I'm a genius when it comes to hindsight)

2015-05-23_1331.png (59.46 KiB) Viewed 5614 times

[aliassmith]

Question for young Alias - if he can bear to look at this error

I felt this was an Aliassmith and Jones type of trade - that I (expletive deleted) - and I bet Alias took properly

Just wondered about my error - the failure to get in again is no error - I was not around the keyboard - or given the big space would alias have used more leash

Or was the real failure not marking up correctly to see the upper momo. (Also, the M30 was clearer - I have a bad habit of m15 ing it)

Anyway - I sure buggered this opportunity up

The attachment 2015-05-23_0759.png is no longer available

http://s1303.photobucket.com/user/LiamIvers/media/2015-05-23_0759_zpsrlvrolyy.png.html

EDIT - I added the m30 chart and that green momo box that showed such a beautiful rejection, below (the other areas are the original m15)

The attachment 2015-05-23_0843.png is no longer available

http://i1303.photobucket.com/albums/ag144/LiamIvers/2015-05-23_0843_zpspyqhcpn3.png

err - It should go without saying - it was a short entry

just to finish the story - the reaction and entry on a m1 around the green line (I'm a genius when it comes to hindsight)

EURUSDH1052315.gif (23.62 KiB) Viewed 5605 times

Being the excellent hind site trader I am , I would think a stop or LiS
at the red line would make more sense when entering anywhere in the yellow
box.

[Captain Pugwash]

That makes obvious sense - especially using all that space up to the extreme that's been there more than two days

Thanks Alias - I hope you'll make a killing on this one

[aliassmith]

Welcome to another episode of Alias beats a
dead horse.

On today's episode we will discuss the controversial
topic of risk management/ risk control. It is controversial
because some traders think its "not for them" or its
something they will work on later.

My personal opinion is risk control is a must have and
should be rule #1 in a trading plan.

Risk control can be done many ways and it has everything
to do with surviving to fight another day.

To survive the markets you should set your ego aside and
plan your risk according to your real skill level. You must
also look at your trading capital as business tools. If you
lose to much of your tools you will find it difficult to
maintain the same level of business.

to be continued.....

[michal.kreslik]

My personal opinion is risk control is a must have and
should be rule #1 in a trading

Rigorous risk management is at the base of any long-term successful trading operation, both at the trading system level as well as at the portfolio level.

You can't generate profit if you don't assume any risk, but the level of risk must be clearly defined before the first order is submitted.

Apart from the business-level risk management, a technological-level risk management must be applied, too.

[aliassmith]

My personal opinion is risk control is a must have and
should be rule #1 in a trading

Rigorous risk management is at the base of any long-term successful trading operation, both at the trading system level as well as at the portfolio level.

You can't generate profit if you don't assume any risk, but the level of risk must be clearly defined before the first order is submitted.

Apart from the business-level risk management, a technological-level risk management must be applied, too.

Thanks for your contribution. I agree with your assessment.