Aliassmith Beats a "Dead Horse"

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LeMercenaire
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Sat Mar 27, 2021 1:29 pm

Again, because I am running these as spread-betting trades, I don't need to worry about commission etc I just treat it as I see any moving price.

Only issue is the spread can be larger in early UK session, which is fine, as plenty more horses in the paddock.

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Re: Aliassmith Beats a "Dead Horse"

Postby Lvup7 » Sat Mar 27, 2021 3:22 pm

aliassmith wrote:The NAS100 on M5 in London
5 hours with opportunities to make 10% or more. 8)

I do like Forex but these Index CFD are powerful.



Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?

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Re: Aliassmith Beats a "Dead Horse"

Postby dojirock » Sat Mar 27, 2021 5:17 pm

Ahhhh finally some indice traders? love it!!!!
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Mar 27, 2021 5:28 pm

Lvup7 wrote:
aliassmith wrote:The NAS100 on M5 in London
5 hours with opportunities to make 10% or more. 8)

I do like Forex but these Index CFD are powerful.



Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?


A trade is a trade. Its done the same way.
Trade Your Way as Long as It Makes Money!

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Mar 27, 2021 5:52 pm

dojirock wrote:Ahhhh finally some indice traders? love it!!!!


I've traded indicies for years. Mostly posted my Forex stuff in the past.
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Sat Mar 27, 2021 8:36 pm

Lvup7 wrote:
aliassmith wrote:The NAS100 on M5 in London
5 hours with opportunities to make 10% or more. 8)

I do like Forex but these Index CFD are powerful.



Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?


No, Alias' base method is rule based:

Price looks to cross (aggressive entry) or does cross and retrace - usually (less in your face entry and certainly on the retrace, safe as can be), the ma.

You look for the MOMO bar to be printed.

You go in.

The fib gives you your targets.

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Mar 27, 2021 9:13 pm

Lvup7 wrote:
aliassmith wrote:The NAS100 on M5 in London
5 hours with opportunities to make 10% or more. 8)

I do like Forex but these Index CFD are powerful.



Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?


If all you are tracking is winner/losers then your trading software probably does that or you look through your trades and tally them up.

If you are rule based or discretionary it doesn't matter when it comes to data tracking and win/loss alone is useless.

You can use and track data to figure out useful things about your trading.

Find out if you have an edge.
After 100 trades you compare your win rate to your hypothetical probably. If you trade 1:1 RR your hypothetical is 50%. If you have an average win rate of 60% you can be profitable with certain types of management such as a flat bet.

Find out if you enter too early or late by tracking as much data about your entries as possible

Find out if a small or bigger RR is better for your strategy by tracking how far price actually moves during each trade. How far it moves in pips and in relation to your stop size.

Etc.......
Trade Your Way as Long as It Makes Money!

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Re: Aliassmith Beats a "Dead Horse"

Postby Lvup7 » Sat Mar 27, 2021 10:28 pm

LeMercenaire wrote:
Lvup7 wrote:
aliassmith wrote:The NAS100 on M5 in London
5 hours with opportunities to make 10% or more. 8)

I do like Forex but these Index CFD are powerful.



Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?


No, Alias' base method is rule based:

Price looks to cross (aggressive entry) or does cross and retrace - usually (less in your face entry and certainly on the retrace, safe as can be), the ma.

You look for the MOMO bar to be printed.

You go in.

The fib gives you your targets.


How do you folks manage these type of days? The arrows up and down are the bar you should enter on after the MOMO break is print above/below the MA.
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Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Sat Mar 27, 2021 10:38 pm

Lvup7 wrote:
LeMercenaire wrote:
Lvup7 wrote:

Seems to me the Dead Horse type of trade is discretionary setup. How do you track your winners/losers with discretionary type of trades?


No, Alias' base method is rule based:

Price looks to cross (aggressive entry) or does cross and retrace - usually (less in your face entry and certainly on the retrace, safe as can be), the ma.

You look for the MOMO bar to be printed.

You go in.

The fib gives you your targets.


How do you folks manage these type of days? The arrows up and down are the bar you should enter on after the MOMO break is print above/below the MA.[/quote]

#1: In on the earlier bar that breaks and closes over.

#2: In on the retrace.

#3: Bar too big, would have left this one alone'

All through that section you were also getting severe reluctance for price to continue down - higher lows being the least of it.

The move at the end is the classic entry.

I would also say that GN is not an ideal candidate for this. Can get very violent and spreads are generally high.

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Mar 27, 2021 10:52 pm

LeMercenaire wrote:
Lvup7 wrote:
LeMercenaire wrote:
No, Alias' base method is rule based:

Price looks to cross (aggressive entry) or does cross and retrace - usually (less in your face entry and certainly on the retrace, safe as can be), the ma.

You look for the MOMO bar to be printed.

You go in.

The fib gives you your targets.


How do you folks manage these type of days? The arrows up and down are the bar you should enter on after the MOMO break is print above/below the MA.[/quote]

#1: In on the earlier bar that breaks and closes over.

#2: In on the retrace.

#3: Bar too big, would have left this one alone'

All through that section you were also getting severe reluctance for price to continue down - higher lows being the least of it.

The move at the end is the classic entry.

I would also say that GN is not an ideal candidate for this. Can get very violent and spreads are generally high.


A little more context. The 20 MA is better with a slope that supports the direction. It is listed in the trend indicator section :idea:
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