Aliassmith Beats a "Dead Horse"

[aliassmith]

Quick 2 5m candle trade on the GBPUSD
It went exactly to my TP
13 pips and out right before the News.
I'm good for the day.
15 straight trading days in profit.

oops, I labeled the today low as the today high.

[LeMercenaire]

Re posters, Billions Season 3 is pretty good.

[aliassmith]

Re posters, Billions Season 3 is pretty good.

This one?

[aliassmith]

GBPUSD short about 15 min trade for 13 pips or 1.5x
I liked the double top so I went short, It did however stall at the 20 sma and I almost closed.
Think I'll go play video games!

[LeMercenaire]

Re posters, Billions Season 3 is pretty good.

This one?

That's it.

There is even a wide-screen art print version available.

Great series, too. I have known many of those people, lol.

[IgazI]

They paid me off at $3.89 and then took the rest of the day off ; I was amused.

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Going into next year I want to do more with fractional share trading and parabolic accumulation
either they don't know what door they've opened or it's a scam; I guess I'm about to find out.

[IgazI]

I'm just loading up on 4 and 4.50 calls; no YOLO, just 50 of each in March or later if possible.

I give regular updates on Webull if you ever want to stop by.

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[Jhx]

Another way of using the chess pieces would be in this pic.
After price shows a bias to the long side Starting with the Buy on the bottom
1. Enter a Pawn
2. Enter another Pawn
3. Enter a Rook/Bishop/Knight
4. Enter a Queen

All this depends on how price action looks

I was just re-reading some posts in this thread.

Over this last year I've made some self-discoveries and realized that a single entry doesn't entirely suit me. Took my a while to realize that but the single-type entry always made me feel a bit 'locked' in place. Maybe I wanted to reduce my position size to stay in the trade, or add if it looked favorable (not entirely comfortable 'averaging in' though, I'd rather close it earlier and wait for a new entry). Plus, I also noticed that by using partial entries I tend to care less if price goes against me.

I've been studying space and I now have an idea on how it looks in the chart and while trading. I would still need to tie this to whichever method I decide to use, but I did notice that it really helps my psychology.

Then again, space was many times used by the longer-term traders here, and I don't know if it has a bad rep for shorter term, which is what I always go back to.

Just thinking out loud as someone finding his way . Hope you don't mind me making a post or two in your thread alias

[aliassmith]

Another way of using the chess pieces would be in this pic.
After price shows a bias to the long side Starting with the Buy on the bottom
1. Enter a Pawn
2. Enter another Pawn
3. Enter a Rook/Bishop/Knight
4. Enter a Queen

All this depends on how price action looks

I was just re-reading some posts in this thread.

Over this last year I've made some self-discoveries and realized that a single entry doesn't entirely suit me. Took my a while to realize that but the single-type entry always made me feel a bit 'locked' in place. Maybe I wanted to reduce my position size to stay in the trade, or add if it looked favorable (not entirely comfortable 'averaging in' though, I'd rather close it earlier and wait for a new entry). Plus, I also noticed that by using partial entries I tend to care less if price goes against me.

I've been studying space and I now have an idea on how it looks in the chart and while trading. I would still need to tie this to whichever method I decide to use, but I did notice that it really helps my psychology.

Then again, space was many times used by the longer-term traders here, and I don't know if it has a bad rep for shorter term, which is what I always go back to.

Just thinking out loud as someone finding his way . Hope you don't mind me making a post or two in your thread alias

I don't mind.
Space can be very lucrative.
Manage risk and stack entries.

[Jhx]

I took this one based on what I saw (momentum close below the sma), didn't use fibs and it was an airball-ish~ trade. I'm going to attempt to do this on the NQ 1000t chart (I've noticed the time charts on smaller timeframes sometimes go nuts on this instrument, specially at a specific hour and tick charts seem a bit more 'stable').

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----

I have a few questions regarding the method (though I read LeM's post somewhere in the thread):

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.

So the entries are either:
1) Close over the ma with momo.
2) Close over the ma with momo > retrace (bounce off the ma?).

Is there any specific preference for each one? Maybe if the momo is too large you wait for the retrace and pass on the entry at the close?

Are the fibs meant to be drawn from the swing high / low to entry?

Thanks in advance!