Aliassmith Beats a "Dead Horse"

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LeMercenaire
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Nov 17, 2020 4:52 pm

Nice run for EA on the back of The Dead Horse again today. Kicked off 12.15 UK time.

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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Wed Nov 25, 2020 11:57 pm

Well I started this thread awhile back because I figured that pretty much everything has been discussed on Kreslik.

For the most part I feel that way and discussions/ questions at this point are "like beating a dead horse".

There are so many ways presented on Kreslik to pull cash from the markets if you are willing to study the information on here. Something for everyone!

I still go back and read stuff. I actually read my own posts to see what my concerns were at the time and what wacky ideas I may have had.

Maybe I'll continue to pop in and post some stories here and there, like my next post.
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Nov 26, 2020 12:37 am

I was talking with a friend and he tells me how his sister has a mentor and she is trading options. He tells me some stuff she learned.

From what he told me I didn't think her education was exactly right so I talked with him and he said it seemed strange.

Anyways he told me that there is no way he is going to let his sister do better than him. I thought that was funny. :lol:

He asks me about some trading plans and it came down to he wanted to get back in to forex. He asked me to help him be successful trading for a "Rich Uncle".

The "Rich Uncle" has a daily loss limit of 5% and a cancel your account of -10% from the base account size.

We decided on h4 and h1 charts for technical analysis and a 1+1+2 order entry based on "space".

Looking at basic 1 2 3 and market stair step structure to trail stop lossesl. He will start with .3% risk per position. We haven't decided on targets yet.

He has to learn to make at least 10% a month which is very possible with some experience.

All this because he doesn't want his sister to win! :mrgreen:
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Re: Aliassmith Beats a "Dead Horse"

Postby IgazI » Thu Nov 26, 2020 2:03 am

I'd go with (2 + 1 + 1) for the -1/3 and -1/4 space stop levels, or -1/3 for both.

1 + 1 + 2:
If you go long 1 with a 10 SL and add one at +4 then your SL is 7 pips from 0% (last entry).
Price goes up 6 pips, you add your 4th lot, SL is 6.5 from 0%.

2 + 1 + 1: same scenario as above:
Go long 2 and add 1: sl = 9.3 from 0%
add 1: sl = 11.4 from 0%
You ended up with 75% more space compared to '112'

Either way it is safe to continue to 20 with ( 4 ) + 3 + 5 + 8, using a 57.1% ret on your larger chart.

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Nov 26, 2020 2:17 am

IgazI wrote:I'd go with (2 + 1 + 1) for the -1/3 and -1/4 space stop levels, or -1/3 for both.

1 + 1 + 2:
If you go long 1 with a 10 SL and add one at +4 then your SL is 7 pips from 0% (last entry).
Price goes up 6 pips, you add your 4th lot, SL is 6.5 from 0%.

2 + 1 + 1: same scenario as above:
Go long 2 and add 1: sl = 9.3 from 0%
add 1: sl = 11.4 from 0%
You ended up with 75% more space compared to '112'

Either way it is safe to continue to 20 with ( 4 ) + 3 + 5 + 8, using a 57.1% ret on your larger chart.


Continue to 20 will be in his later lessons.

I like 1 1 2 because of less risk and after the first add you are risk free. After a 1 1 2 you can liquidate and reposition.
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Re: Aliassmith Beats a "Dead Horse"

Postby Canning34 » Tue Dec 01, 2020 2:22 pm

Long time lurker, been following this thread for ages, sad that it's died but I think that's because it's simple, it works, and doesn't really need any further discussion. Break it out every now again for a bit of fun, always provides good setups, if you can wait for them.

EU M15
SMA 20 Slope up
Resistance becoming support
Enter on Blue candle after bounce from Z-line and weekly open
No stress closed at previous highs, could have held for 2R
A little wobble on the SMA after entry, but M5 was just turning blue and confluence = confidence

EURUSDM15.png
EURUSDM15.png (58.18 KiB) Viewed 53 times


Usually keep M5 and M15 open, confluence = super confident trade. If they are conflicting, quicker scalps on M5.

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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Wed Dec 02, 2020 12:32 am

Canning34 wrote:Long time lurker, been following this thread for ages, sad that it's died but I think that's because it's simple, it works, and doesn't really need any further discussion. Break it out every now again for a bit of fun, always provides good setups, if you can wait for them.

EU M15
SMA 20 Slope up
Resistance becoming support
Enter on Blue candle after bounce from Z-line and weekly open
No stress closed at previous highs, could have held for 2R
A little wobble on the SMA after entry, but M5 was just turning blue and confluence = confidence

EURUSDM15.png

Usually keep M5 and M15 open, confluence = super confident trade. If they are conflicting, quicker scalps on M5.


Thread's not died... it's just sleeping.

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