Kreslik.com - traders community since 2006

Today I am starting my own thread.
The last months I have been cluttering the threads of others who have been extremely kind and trying to push me in the right direction.
For this, I thank you all.

Now it's time to "do" as there is no "try"

This week I started trading and had some nice examples of how I am trading now.

The deadhorse delivered some pips this morning;



Also inspired by Don_xyZ, 40 more pips;

Yirbu wrote:This week I started trading and had some nice examples of how I am trading now.

The deadhorse delivered some pips this morning;

221107 - US30M1.png

Also inspired by Don_xyZ, 40 more pips;

221107 - EURUSDM1.png

Nice work!

What RR are you targetting for deadhorse trades?

Goonslinger wrote:What RR are you targetting for deadhorse trades?

Aiming for at least X1 but taking what the market wants to give.
Today my minimum trade was X3 and my last deadhorse trade was x10
Learning to take more and more every day.

Good stuff. What is the strategy with the big boxes called?

Nice and cozy here.
Loving it
Also, good job on that Monday trade! I see you're getting very good at catching 'em pips!

kiwiarian wrote:Good stuff. What is the strategy with the big boxes called?

I have no idea. It's Don's way.

Don_xyZ wrote:Nice and cozy here.
Loving it
Also, good job on that Monday trade! I see you're getting very good at catching 'em pips!

Well, thank you... making it nice and cozy in my new home

Yes, Monday was good day. Today we are still dancing around that parity level.

This morning was interesting.
It's like a little story...

My first trade did not want to go down so I closed it at +1R
Second trade I immediately got killed.
3th trade short looked good at X10 so I decided to anchor it.

But then price started retracing so I realized I hadn't thought this through properly...
What now?
I decided to hedge and went long expecting price to bounce on the parity level. When it did I opened a new short and both shorts ran into my BE level of position 4.
After price continued down, I don't know what happened, but I accidentally closed my 5th trade. (at +3R) Annoying but no disaster.

At X18, my anchor trade came into a demand area and printed a pinbar.
Hmmmm....could I expect a new pullback? Would it retrace? So I went long to hedge my short again.
Tried to add, failed the first time and was able to open a new long which I eventually closed at +4R.
Eventually price was dancing around that 1.0 level so I closed my anchor trade at +2R and my long at +7R.

In the end I banked +15R which is good but obviously I had to close my anchor trade at X18 instead of at X2
That was stupid but I find it's difficult to see if price continues or retraces.
Still happy with the bottom line.