Aliassmith Beats a "Dead Horse"

[aliassmith]

Nice GBPUSD, I played between the marked price tags
yet there was another leg down.
It was a 10x move
BUT, Imagine all the adds you could have done on that move
1+1+2+4+8
even less aggressive, 1+1+1+1+1
The 1+1+1+1+1 is easy to learn and implement and can make a world of difference.


I know my account liked it.

Hi Alias, How are ya?

What made you hold for that long?
Well I set it up and fell asleep.

Also can you please explain the add on part, where would you add on? What are each add on decision based on?

Adding is part science and part art. You will want to figure out how to add and keep your breakeven/Stoploss behind key levels. I try to make my 1st add in a position to move my stoploss to zero risk. I would start with a 1+1+1 add process to practice. [/quote]

[aliassmith]

Last day of the week.
Let's make some cash boyz!

Hey Pro make $1 today.
You are suppose to be up at that level by now.

[aliassmith]

Last day of the week.
Let's make some cash boyz!

Hey Pro make $1 today.
You are suppose to be up at that level by now.

Here is a little 1+1+1 off of a dead horse double bottom
That's how you can add a 1+1+1

About 100 pips on your base size. If its 1 lot then you got a cool $1000
If you have a job making $50,000 a year, $1000 is what you make in a week.

If its 10, 20, or 30 lots well you get the picture.

[Lvup7]

Last day of the week.
Let's make some cash boyz!

Hey Pro make $1 today.
You are suppose to be up at that level by now.

Here is a little 1+1+1 off of a dead horse double bottom
That's how you can add a 1+1+1

About 100 pips on your base size. If its 1 lot then you got a cool $1000
If you have a job making $50,000 a year, $1000 is what you make in a week.

If its 10, 20, or 30 lots well you get the picture.

Thank You bud. Do you know if you will adding on to a trade before taking the trade? Was the dead horse double bottom enough to convince you the market will keep moving in your direction or was there already some other longer term Bias (for was this just an example to show how you add)?

[IgazI]

10000 shares:
1+2+3+4+20+30+40+200+300+400+2000+3000+4000

Adding is less risky and more profitable than buying it all at once. . .and buying is therapeutic (=

[aliassmith]

Last day of the week.
Let's make some cash boyz!

Hey Pro make $1 today.
You are suppose to be up at that level by now.

Here is a little 1+1+1 off of a dead horse double bottom
That's how you can add a 1+1+1

About 100 pips on your base size. If its 1 lot then you got a cool $1000
If you have a job making $50,000 a year, $1000 is what you make in a week.

If its 10, 20, or 30 lots well you get the picture.

Thank You bud. Do you know if you will adding on to a trade before taking the trade? Was the dead horse double bottom enough to convince you the market will keep moving in your direction or was there already some other longer term Bias (for was this just an example to show how you add)?

You cant know exactly if you can add or how much. You have to let the market structure speak to you.

[IgazI]

Here is a little 1+1+1 off of a dead horse double bottom
That's how you can add a 1+1+1

About 100 pips on your base size. If its 1 lot then you got a cool $1000
If you have a job making $50,000 a year, $1000 is what you make in a week.

If its 10, 20, or 30 lots well you get the picture.

Thank You bud. Do you know if you will adding on to a trade before taking the trade? Was the dead horse double bottom enough to convince you the market will keep moving in your direction or was there already some other longer term Bias (for was this just an example to show how you add)?

You cant know exactly if you can add or how much. You have to let the market structure speak to you.

It probably won't be helpful to you, since you are trading smaller charts, but I will exit part of my position if price opens and starts trading lower or if price reverses the length of the peak ATR (highest visible).

I am not worried about adding lots, they come right off

[Lvup7]

Nice GBPUSD, I played between the marked price tags
yet there was another leg down.
It was a 10x move
BUT, Imagine all the adds you could have done on that move
1+1+2+4+8
even less aggressive, 1+1+1+1+1
The 1+1+1+1+1 is easy to learn and implement and can make a world of difference.


I know my account liked it.

Hi Alias, How are ya?

What made you hold for that long?
Well I set it up and fell asleep.

Also can you please explain the add on part, where would you add on? What are each add on decision based on?

Adding is part science and part art. You will want to figure out how to add and keep your breakeven/Stoploss behind key levels. I try to make my 1st add in a position to move my stoploss to zero risk. I would start with a 1+1+1 add process to practice.

[/quote]

What do mean by "I try to make my 1st add in a position to move my stoploss to zero risk." I am coming from a snatch and grab anything can happen type of mentally so maybe its challenging for me to visualize it.

So what your saying is your initial stop moves up as you add to protect your entries you made earlier?

[Lvup7]

Thank You bud. Do you know if you will adding on to a trade before taking the trade? Was the dead horse double bottom enough to convince you the market will keep moving in your direction or was there already some other longer term Bias (for was this just an example to show how you add)?

You cant know exactly if you can add or how much. You have to let the market structure speak to you.

It probably won't be helpful to you, since you are trading smaller charts, but I will exit part of my position if price opens and starts trading lower or if price reverses the length of the peak ATR (highest visible).

I am not worried about adding lots, they come right off

Hey how are ya? Trading lower than what. Candle close, horizontal line, key level? How do you look at higher timeframes.

[IgazI]

You cant know exactly if you can add or how much. You have to let the market structure speak to you.

It probably won't be helpful to you, since you are trading smaller charts, but I will exit part of my position if price opens and starts trading lower or if price reverses the length of the peak ATR (highest visible).

I am not worried about adding lots, they come right off

Hey how are ya? Trading lower than what. Candle close, horizontal line, key level? How do you look at higher timeframes.

If I want a 500 share starting position then I will buy on rising or falling prices:
+ 20 + 40 + 60 + 80 = 200
+ 30 + 60 + 90 + 120 = 300

After 500 shares I might want to only enter when price is above my average price:
500 + 1000 + 1500 + 2000

If price is below average then I will need to 'reposition' the entries to lower prices, and, since I don't know if price will go up or down,
I will do so in 20% blocks.

If price goes 'too low', opens, and starts moving lower then I will grab larger blocks (maybe everything) in an attempt to move them lower.

All of this is done with a maximum dollar loss in mind.

On a small chart you might just buy 100 where as on a large chart it makes more sense to buy 10 + 20 + 30 + 40 as you are going to be doing more waiting and seeing.

I am not saying that you should do any of this, I am just answering your question.

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