Nice run for EA on the back of The Dead Horse again today. Kicked off 12.15 UK time.
Aliassmith Beats a "Dead Horse"
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- LeMercenaire
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
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.
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.
Trade Your Way as Long as It Makes Money!
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
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.
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!
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.
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!
Trade Your Way as Long as It Makes Money!
Re: Aliassmith Beats a "Dead Horse"
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.
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.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
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"
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
Usually keep M5 and M15 open, confluence = super confident trade. If they are conflicting, quicker scalps on M5.
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
Usually keep M5 and M15 open, confluence = super confident trade. If they are conflicting, quicker scalps on M5.
- LeMercenaire
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Re: Aliassmith Beats a "Dead Horse"
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.
- aliassmith
- rank: 5000+ posts
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- Joined: Tue Jul 28, 2009 9:50 pm
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Re: Aliassmith Beats a "Dead Horse"
LeMercenaire wrote: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.
Dead Horse with a 200EMA for longer trend bias.
Made about 4%.
Total today 7.2%
Probable last trade this year.
Happy Holidays and New Year.
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Trade Your Way as Long as It Makes Money!
- LeMercenaire
- rank: 1000+ posts
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- Joined: Tue Sep 27, 2016 12:11 am
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:LeMercenaire wrote: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.
Dead Horse with a 200EMA for longer trend bias.
Made about 4%.
Total today 7.2%
Probable last trade this year.
Happy Holidays and New Year.
Yeah, I have been sticking the 200 on as well. Useful, though it can keep you out of good setups sometimes.
The way I look at it is that if the 200 is getting in the way, then if all else is good, then just take it as a quick trade.
Have a good holiday and see you back next year.
Re: Aliassmith Beats a "Dead Horse"
I was going over the pros and cons of a 1 + 2 + 1 combination and I think it might actually be usable after all:
The biggest con is that the 2 lot is going to increase the risk by 50% as we would move our stop no closer than the 1/2 ret;
it's still slightly less risk than starting with a 1.5 lot trade.
To double your space, and keep the risk the same, you would need to reduce from 3 to 1 or from 4 to 2.
The obvious advantages are:
1. smaller risk-box on the first add:
if a 12 pip RB becomes 4 then every pip above the ret is a 25% risk reduction.
2. 3/4 ret on the second add:
we want to pull the trigger a 3rd time but we also want to protect our space.
3. 33.3% more risk-space as you move from 4 lots to a 2 + 4 + 2 progression:
2/3 of the 4 lot RB will fund a 4 + 8 + 4 so starting over with 2 lots is a 4/3 RB.
As long as your timing on the first add is not horrible then I think you can get away with it most of the time.
The biggest con is that the 2 lot is going to increase the risk by 50% as we would move our stop no closer than the 1/2 ret;
it's still slightly less risk than starting with a 1.5 lot trade.
To double your space, and keep the risk the same, you would need to reduce from 3 to 1 or from 4 to 2.
The obvious advantages are:
1. smaller risk-box on the first add:
if a 12 pip RB becomes 4 then every pip above the ret is a 25% risk reduction.
2. 3/4 ret on the second add:
we want to pull the trigger a 3rd time but we also want to protect our space.
3. 33.3% more risk-space as you move from 4 lots to a 2 + 4 + 2 progression:
2/3 of the 4 lot RB will fund a 4 + 8 + 4 so starting over with 2 lots is a 4/3 RB.
As long as your timing on the first add is not horrible then I think you can get away with it most of the time.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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Thank you for your support.
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