Aliassmith Beats a "Dead Horse"

[nonibadsha]

GBPJPY
1R, 16 pips, 0.6%

GBPJPYM5.png (71.87 KiB) Viewed 567 times

[nonibadsha]

Its not even 1130 in the morning.
34 pips and 1.2%.
I like it

[nonibadsha]

It pottered around going sideways before it moved.

Screenshot_20230130_210614_MetaTrader 4.jpg (252.38 KiB) Viewed 519 times

[nonibadsha]

Tiny trade

[Branzo]

GBPUSD another 10 pips

Do you wait for price to cross the 20SMA and retest then place buy order? I’m still trying to figure out what the Deadhorse candles and zero line look like, please help

[nonibadsha]

GBPUSD another 10 pips

Do you wait for price to cross the 20SMA and retest then place buy order? I’m still trying to figure out what the Deadhorse candles and zero line look like, please help

Trades should be taken long above the sma and short below it. I don't necessarily wait for a retest. Depending on your skill level I believe counter trades can also be taken. There are a few examples by Alias in this thread.

[nonibadsha]

Took a loss. I've had others also. I thought I'd share this one for pointers. Does it happen and we move on or did I miss something here?

[IgazI]

Took a loss. I've had others also. I thought I'd share this one for pointers. Does it happen and we move on or did I miss something here?

Let's say that you were short from before the arrow. . .

- which three closing prices might you have taken profit after a down candle?
- which three closing prices might you have taken profit after an up candle?

Let's start there.

PS: sometimes we get so caught up in what we are doing that we forget to consider what other people are doing.

[nonibadsha]

Took a loss. I've had others also. I thought I'd share this one for pointers. Does it happen and we move on or did I miss something here?

Let's say that you were short from before the arrow. . .

- which three closing prices might you have taken profit after a down candle?
- which three closing prices might you have taken profit after an up candle?

Let's start there.

PS: sometimes we get so caught up in what we are doing that we forget to consider what other people are doing.

I have noooo idea.

Let me take a guess..
If we look at the left of the chart, we see a series of down candles before the consolidation started. After the last down candle all the way to the left we had three up candles. So after that last down candle I would take profit at the third up candle. And after the first up candle I would take profit at the fourth up candle.

Sorry.. I really don't know

[nonibadsha]

This one worked out..
But too many losses this week so far.