Aliassmith Beats a "Dead Horse"

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prochargedmopar
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Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Tue Jan 06, 2015 7:20 am

Al Brooks,
If you cannot see which way the market is going within a "few" seconds, assume it's in consolidation.
If you are ever confused about what to do, assume the market is in a consolidation.
Broad channels or shallow sloping channels, trade like Consolidation.
Buy low, sell high, and scalp (1:1)
Spikes/Breakouts or tight channels trade only with the trend.
Big up, big down, big confusion. Assume the market is going to be a range day.

Joe Ross knows when price is in consolidation within 4 bars (ledge).
That guy still amazes me.
He has taken many systems and traded them for an entire year just to refine them or prove them out.
Successful trading is boring. He did this just for something different and to refine his skills in a certain area.
Trippy.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Tue Jan 06, 2015 3:07 pm

Wake up...make space
Have breakfast...make space
Go about my day...make space
Before bed...make space
Sleeping...make space

I'm one good trade from my 1st %target
Trade Your Way as Long as It Makes Money!

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Re: Aliassmith Beats a "Dead Horse"

Postby Captain Pugwash » Tue Jan 06, 2015 4:13 pm

I saw your post on the other thread (Pro's)

I haven't got too much to go on - but does this markup seem reasonable?

In the "something" you may be looking for I mean (yellow box)



2015-01-06_1609.png
2015-01-06_1609.png (69.45 KiB) Viewed 241 times


Notwithstanding we have a difference in broker times.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Tue Jan 06, 2015 4:42 pm

Captain Pugwash wrote:I saw your post on the other thread (Pro's)

I haven't got too much to go on - but does this markup seem reasonable?

In the "something" you may be looking for I mean (yellow box)



2015-01-06_1609.png


Notwithstanding we have a difference in broker times.


it looks fine. i based mine off of the H1 and my
box went up to 1.4190
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Re: Aliassmith Beats a "Dead Horse"

Postby Captain Pugwash » Tue Jan 06, 2015 5:10 pm

Really appreciate the reply alias

The top box I just added for my own record (after your reply)



2015-01-06_1648.png
2015-01-06_1648.png (53.83 KiB) Viewed 241 times


It was an interesting excercise getting a general feel for what/where you traded - given only the pair as a clue - first time I've ever done something like that :shock:

On the above posts chart it was nice how the whiplash defined the target into that demand
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Re: Aliassmith Beats a "Dead Horse"

Postby Libertarian » Thu Jan 08, 2015 1:26 am

aliassmith wrote:Well listening to Rob Booker recently, I heard
his podcasts about being ashamed of being
a trader and other ones. In those he suggested
that when you are asked what you do you shouldn't
say you are a trader. He said you should know
specifically what kind of trader you are and say
that.

I'm a post candle closing over something supply
and demand currency trader.

I'll probably get some strange looks from that. Not
that I don't already when I say I'm a currency trader.

It's better than: I try to trade currencies by switching
my method all the time because I don't want to
admit I am the problem and it's not the method. :roll:

Try for yourself and see if your description is legit
or you realize you have been an idiot.



Hi Alias, I was wondering if you could give your thoughts on the Sup/Dem part of this equation? I have been sticking my nose in this stuff and found so many people teaching similar but different stuff on S/D. What does this do for your trading? Is it just another filter to see price thorough? I know Capt P could talk about this stuff FOREVER :lol:

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Re: Aliassmith Beats a "Dead Horse"

Postby Libertarian » Thu Jan 08, 2015 10:36 am

MightyOne wrote:
GBPJPYDaily.png
GBPJPYDaily.png (45.86 KiB) Viewed 242 times


I just go down a list:

1. close overs
2. failure to close over
3. congestion
4. breakout from triangle
5. triangle
6. extreme or BOx
7. space/decision

It takes me less than 10 seconds to come to a decision on any chart.


I understand everything in this chart except for these two lines. Anyone want to take any guesses what creates them?
GBPJPYDaily.png
GBPJPYDaily.png (45.86 KiB) Viewed 242 times

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Jan 08, 2015 3:32 pm

Libertarian wrote:
MightyOne wrote:
GBPJPYDaily.png


I just go down a list:

1. close overs
2. failure to close over
3. congestion
4. breakout from triangle
5. triangle
6. extreme or BOx
7. space/decision

It takes me less than 10 seconds to come to a decision on any chart.


I understand everything in this chart except for these two lines. Anyone want to take any guesses what creates them?
GBPJPYDaily.png


yep I know. support becomes resistance ZL
Trade Your Way as Long as It Makes Money!

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Jan 08, 2015 3:57 pm

aliassmith wrote:Wake up...make space
Have breakfast...make space
Go about my day...make space
Before bed...make space
Sleeping...make space

I'm one good trade from my 1st %target


Sleeping...make space
Rode that Eur/cad short down to 1.3905 and woke up to
make first %target hit this year.
Hitting a %target means "I Win' and it feels good to win.
I didn't have "Win" conditions before. I was on the endless
trading loop with no exit to be found. I think this %target
idea is a great addition to what I am doing. For 1 it helps
having a plan and 2 it helps psychologically.

How do you eat an elephant (+1 zero), ONE %target at a time. :D

Now I have my "playmoney" to tackle the next "game".
THE NEXT "GAME" BEING THE NEW %TARGET
Trade Your Way as Long as It Makes Money!

aliassmith
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Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Thu Jan 08, 2015 4:19 pm

As My plan is outlined my objective at the beginning of
the year is to run 1% of my starting account into 9%.

The objective for the remainder of 2015 is to run that 9%
into incremental %targets of 58.5%

If the %target is done 1 time in the year the outcome is:
72.76% profit for the year.

If the %target is done 2 time in the year the outcome is:
173.83% profit for the year.

If the %target is done 3 time in the year the outcome is:
334% profit for the year.

If the %target is done 4 time in the year the outcome is:
588% profit for the year.

If the %target is done 5 time in the year the outcome is:
990% profit for the year. This is the +1 zero

If the %target is done 6 time in the year the outcome is:
1628% profit for the year.

If the %target is done 7 time in the year the outcome is:
2638% profit for the year.
Trade Your Way as Long as It Makes Money!

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