Aliassmith Beats a "Dead Horse"

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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Feb 20, 2021 6:19 pm

thepark wrote:
aliassmith wrote:
thepark wrote:
nice trade! after the swing low, do you interpret the increased green momo up as long bias, and then since the down momo's body is bigger than the green it turns bearish again?


I think I follow your question. I was looking at structure. We have LOWER HIGHS and LOWER LOWS. Once the red "trigger" candle shows up it looks like a continuation of the structure.

If you had the 20 sma on there it would also have been a pullback under the 20.

It also looks like a 50% retrace.

Over all the price action and structure were very clean. I've been using the m15 charts more since volatility has decreased.


appreciate the explanation Alias. agree with you about the decreased volatility, lately its been one big move a week. do you think its a structural change where vol will decrease indefinitely?


If you pull up a monthly chart of your favorite pair then put a ATR(12) on it you can see how volatility changes over the years. Its hard to say where it will go. You have to adapt to make it work. Some years you can scalp a M5 and others you need to trade the H1. Right now I like the M15 for setups.
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Fri Feb 26, 2021 12:29 am

EURJPY M15
Short at top arrow out at bottom arrow
About 2x trade (there are ratios everywhere)

This pair has been giving some good moves
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Feb 27, 2021 9:39 pm

Sometimes my mind does "thought exercises" and here is the latest.

Let's say I use $10,000 to control $100,000 in forex.
It's basically 1 lot and 10x leverage.
If after costs I gain $20 profit on average for ever $100,000
Of currency traded (scalping) we get some interesting info.

To make $2000 I would have to put $10 million of currency
Into play.

To make $100,000 I would have to put $500 million of currency into play.

You can use those figures to calculate other possibilities. That is a lot of currency being traded.
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Re: Aliassmith Beats a "Dead Horse"

Postby TheRumpledOne » Sat Feb 27, 2021 9:52 pm

aliassmith wrote:Sometimes my mind does "thought exercises" and here is the latest.

Let's say I use $10,000 to control $100,000 in forex.
It's basically 1 lot and 10x leverage.
If after costs I gain $20 profit on average for ever $100,000
Of currency traded (scalping) we get some interesting info.

To make $2000 I would have to put $10 million of currency
Into play.

To make $100,000 I would have to put $500 million of currency into play.

You can use those figures to calculate other possibilities. That is a lot of currency being traded.


Small gains add up, right?
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aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Feb 28, 2021 12:01 am

TheRumpledOne wrote:
aliassmith wrote:Sometimes my mind does "thought exercises" and here is the latest.

Let's say I use $10,000 to control $100,000 in forex.
It's basically 1 lot and 10x leverage.
If after costs I gain $20 profit on average for ever $100,000
Of currency traded (scalping) we get some interesting info.

To make $2000 I would have to put $10 million of currency
Into play.

To make $100,000 I would have to put $500 million of currency into play.

You can use those figures to calculate other possibilities. That is a lot of currency being traded.


Small gains add up, right?


Of course they can, but most people don't think that it took $500 million in currency to make it. Impressive numbers!
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Re: Aliassmith Beats a "Dead Horse"

Postby Mark Mark » Sun Feb 28, 2021 1:39 am

I put all the necessary indicators on my chart. One question is how to stretch the fibonacci lines?
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Feb 28, 2021 1:45 am

Mark Mark wrote:I put all the necessary indicators on my chart. One question is how to stretch the fibonacci lines?



I'm sure there are a bunch of training on Google search or youtube video. Maybe even TRO made one, not sure.
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Re: Aliassmith Beats a "Dead Horse"

Postby Mark Mark » Sun Feb 28, 2021 2:42 am

aliassmith wrote:
Mark Mark wrote:I put all the necessary indicators on my chart. One question is how to stretch the fibonacci lines?



I'm sure there are a bunch of training on Google search or youtube video. Maybe even TRO made one, not sure.

On youtube there no materials about this.
Can you advice me anyh=thing from kreslik?
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Feb 28, 2021 2:46 am

Mark Mark wrote:
aliassmith wrote:
Mark Mark wrote:I put all the necessary indicators on my chart. One question is how to stretch the fibonacci lines?



I'm sure there are a bunch of training on Google search or youtube video. Maybe even TRO made one, not sure.

On youtube there no materials about this.
Can you advice me anyh=thing from kreslik?


If you already know how to use Fibs then the info is already in this thread. I gave out the info and setting along with many posts of what I was doing.
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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Sun Feb 28, 2021 3:42 am

Happy new year!

###ZL-Momo4.JPG
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###ZL-Momo6.JPG
###ZL-Momo6.JPG (72.43 KiB) Viewed 195 times
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