Aliassmith Beats a "Dead Horse"

[aliassmith]

Looks like I ended up getting time to go over charts.
Here are the next few hours of the EURUSD M5
I didn't trade these. These are for study purposes and Kreslik.
The ATR(12) was 7 to 10 pips so we know that the moves can be decent

The area where it shows 2 possible entries, I missed one.
Either way looks like a BE or small gain of 3 pips.
After that mess there are 3 longs.
The first one was 6 or 7 pips SL with 22 pips potential.
The second was 4 to 5 pips SL with a 39 pips potential.
The last was a 4 to 5 pips SL with a 34 pips potential or it was an add from the previous entry.

[aliassmith]

How to make a dream trade with an FTMO 100K account.

Starting balance since you scalped a little already $102,000
The account has 1:100 leverage.
On this chart you can use a 2 Pips SL
Maxed out size you can get about 90 lots rounded off for good measure.
That would be $900 per pip or $1800 risk.

On that move the total distance is 76 pips.
$900 x 76 = $68,400 or about 68% return on account.

The point of the exercise is to show there are possibilities to make larger than life returns
and there are limitations in the process such as margin requirements and leverage.

To be continued ....

[aliassmith]

To continue on with the "The Numbers and Perspective"

What would you rather have?
a. An $100k account with 1:100 leverage and max loss 10%
b. An $1 Million account with 1:10 leverage and max loss of 4%

Neither one of these accounts have your money in them they belong to a prop firm.
Let's discuss this from trading EURUSD and some rounded off number.

100k x 100 leverage gets you a $10,000,000 position
1 million x 10 leverage gets you a $10,000,000 position

Max position is 100 lots for each option, so a pip is worth $1000 each
On the 100k account a max position would be 1% per pip.
On the 1 million account a max position would be .1% per pip.

If you get 100 pips on a trade both accounts produce $100k in profit
On the 100k account an $100k profit is 100% return which is considered superhuman.
On the 1 million account an $100k profit is 10% return which is great but not superhuman.

What about Risk? if you need a 2 pips SL then:
The 100k account is risking 2% or 1/5 of its available risk allocation.
The 1 million account is risking .2% or 1/40 of its available risk allocation.

Sometimes the numbers have more going on than you think

[Don_xyZ]

To continue on with the "The Numbers and Perspective"

What would you rather have?
a. An $100k account with 1:100 leverage and max loss 10%
b. An $1 Million account with 1:10 leverage and max loss of 4%

Neither one of these accounts have your money in them they belong to a prop firm.
Let's discuss this from trading EURUSD and some rounded off number.

100k x 100 leverage gets you a $10,000,000 position
1 million x 10 leverage gets you a $10,000,000 position

Max position is 100 lots for each option, so a pip is worth $1000 each
On the 100k account a max position would be 1% per pip.
On the 1 million account a max position would be .1% per pip.

If you get 100 pips on a trade both accounts produce $100k in profit
On the 100k account an $100k profit is 100% return which is considered superhuman.
On the 1 million account an $100k profit is 10% return which is great but not superhuman.

What about Risk? if you need a 2 pips SL then:
The 100k account is risking 2% or 1/5 of its available risk allocation.
The 1 million account is risking .2% or 1/40 of its available risk allocation.

Sometimes the numbers have more going on than you think

I'll trade with $1M using 1:500 and make 200%. Unfortunately, it's not possible. Or is it?

[Don_xyZ]

Looks like I ended up getting time to go over charts.
Here are the next few hours of the EURUSD M5
I didn't trade these. These are for study purposes and Kreslik.
The ATR(12) was 7 to 10 pips so we know that the moves can be decent

The area where it shows 2 possible entries, I missed one.
Either way looks like a BE or small gain of 3 pips.
After that mess there are 3 longs.
The first one was 6 or 7 pips SL with 22 pips potential.
The second was 4 to 5 pips SL with a 39 pips potential.
The last was a 4 to 5 pips SL with a 34 pips potential or it was an add from the previous entry.

2 biggest entries that you missed during the U.S. session. You can take both trades off M1 and draw the S/D on M1.

EURUSDM5 kreslik.png (69.38 KiB) Viewed 1834 times

EURUSDM1 kreslik.png (70.02 KiB) Viewed 1834 times

Very efficient trades. Only need to pay commission twice and spread also twice and with big bang profit.

[aliassmith]

To continue on with the "The Numbers and Perspective"

What would you rather have?
a. An $100k account with 1:100 leverage and max loss 10%
b. An $1 Million account with 1:10 leverage and max loss of 4%

Neither one of these accounts have your money in them they belong to a prop firm.
Let's discuss this from trading EURUSD and some rounded off number.

100k x 100 leverage gets you a $10,000,000 position
1 million x 10 leverage gets you a $10,000,000 position

Max position is 100 lots for each option, so a pip is worth $1000 each
On the 100k account a max position would be 1% per pip.
On the 1 million account a max position would be .1% per pip.

If you get 100 pips on a trade both accounts produce $100k in profit
On the 100k account an $100k profit is 100% return which is considered superhuman.
On the 1 million account an $100k profit is 10% return which is great but not superhuman.

What about Risk? if you need a 2 pips SL then:
The 100k account is risking 2% or 1/5 of its available risk allocation.
The 1 million account is risking .2% or 1/40 of its available risk allocation.

Sometimes the numbers have more going on than you think

I'll trade with $1M using 1:500 and make 200%. Unfortunately, it's not possible. Or is it?

In some capacity Im sure its possible. I'm just working within the confines of being a U.S. citizen.

[Don_xyZ]

To continue on with the "The Numbers and Perspective"

What would you rather have?
a. An $100k account with 1:100 leverage and max loss 10%
b. An $1 Million account with 1:10 leverage and max loss of 4%

Neither one of these accounts have your money in them they belong to a prop firm.
Let's discuss this from trading EURUSD and some rounded off number.

100k x 100 leverage gets you a $10,000,000 position
1 million x 10 leverage gets you a $10,000,000 position

Max position is 100 lots for each option, so a pip is worth $1000 each
On the 100k account a max position would be 1% per pip.
On the 1 million account a max position would be .1% per pip.

If you get 100 pips on a trade both accounts produce $100k in profit
On the 100k account an $100k profit is 100% return which is considered superhuman.
On the 1 million account an $100k profit is 10% return which is great but not superhuman.

What about Risk? if you need a 2 pips SL then:
The 100k account is risking 2% or 1/5 of its available risk allocation.
The 1 million account is risking .2% or 1/40 of its available risk allocation.

Sometimes the numbers have more going on than you think

I'll trade with $1M using 1:500 and make 200%. Unfortunately, it's not possible. Or is it?

In some capacity Im sure its possible. I'm just working within the confines of being a U.S. citizen.

If you're saying that after you've tried everything there is to try then I can accept that answer. You owe it to yourself.

[aliassmith]

EURUSDM1

Z-line support at the lower red line I was targeting the white line as yesterday's high

[aliassmith]

EURAUD M5
A Z-line short.
It was against the 20 SMA so not a DEADhorse.
It was more about structure.

4x move on Forex

[Mr. Hyde]

EURAUD M5
A Z-line short.
It was against the 20 SMA so not a DEADhorse.
It was more about structure.

4x move on Forex

Question for ya. When your day trading/scalping are you worried about your stop being beyond an extreme. Or are you more looking for momentum to hit your target before it moves towards your stop. And one more. If it did hit your stop, would you be willing to re enter if you still felt the trade was valid and due to the high R reward.