Aliassmith Beats a "Dead Horse"

[aliassmith]

I went to your sorta log. It looks like you
are trading several ideas.

After you posted the cadjpy trade, i looked
at it and saw a 1H zline so i shorted it.

[v8power]

Crash zone is just one part of my trading. I mostly use 4hr momo bars mighty zone style or no trade zones (where price fails to close past a momo extreme, that's what I used for my entry on the cad/jpy trade). Also with those longer trades I will sometimes lock in some profit. If I get enough movement (21 day atr) before NY close I will take profit and look either for a price retrace or next best chance to get in.

I normally look at 3 pairs G/U, E/A and G/J. Those 3 usually offer enough movement each day to get 30-50 pips off a trade, plus they aren't very closely correlated to each other. I just wait for one to offer up a set up that I like then go from there. I was just looking at cad/jpy because u can buy almost twice as much then the other pairs and I really liked the setup. I always look for the trade that I thinks offers me the best chance at succeeding and make me the most money.

[v8power]

Just want to give you a quick update. Both E/A and G/J both had trades on Tuesday that had you held would have made it all the way to the crash zone (300 pips each). Now it looks like G/J might be headed back down. I just started looking at the crash zone and im still trying to figure out how I want to include it in my trading.

Also the cad/jpy worked out almost perfect for me. Like I said I would take profit at its daily ATR (+30%). I didn't trade yesterday, but then today it was almost back at my orginal entry price and it just dropped a quick 80 pips, so almost a extra 20%. Like MO says you can normally resell it once or twice, but not thrice.

[aliassmith]

thx for the update pretty straight forward concept.

ys that cadjpy had two entries for some pips.

[prochargedmopar]

I was just looking at cad/jpy because u can buy almost twice as much then the other pairs and I really liked the setup. I always look for the trade that I thinks offers me the best chance at succeeding and make me the most money.

NU has the lowest margin requirements as far as I can tell with oanda.
Really pisses me off that AJ which had been the lowest went up so High.
Same as EU now.

[aliassmith]

I like it
http://traderspodcast.com/episode280/

[volnmar]

Hello please where can I find what is OPM and how to use it? I dont even know what OPM means

[seedling]

OPM (other peoples money). It is the building block of being able to aggressively stack.

[volnmar]

OPM (other peoples money). It is the building block of being able to aggressively stack.

Great thank you but I tried search and still can´t find what it is and how to do it? Please in which thread is it described?

[seedling]

Great thank you but I tried search and still can´t find what it is and how to do it? Please in which thread is it described?

You start your own thread called Question Time with volnmar or if you want to be funny Volnmar Beats a "Dead Horse"
and I will drop in when I can answer. As you are going to have lots of questions you could try to keep them all in one place.

Though I described it in my last answer, it really is that simple, win a trade, consider you didn't win, (but you did) then use the profit (OPM) to place next trade, same thing as the stacking template.