Forex Factory (https://www.forexfactory.com/forum.php)
-   Commercial Content (https://www.forexfactory.com/forumdisplay.php?f=158)
-   -   Billytt Die happy trading e/j daily breakout (https://www.forexfactory.com/showthread.php?t=524601)

billytt Oct 14, 2019 4:25am | Post# 44941

Did anyone make a killing on Cable today? I believe the Billy Bar had a bit of to and fro before making up its mind this morning. If anyone here is trading large lots on Cable, how do you get over the fear of price moving against you so quickly that you cannot respond and it wipes you clean? I am wanting to start trading with a relatively large amount of capital (high leverage) but am worried that a sudden 50-100 pip movement might kill me. I've thought about keeping most of my cash in the bank and only placing 5k-10k with the broker to trade with,...
Hi ia, late reply but I think Lem gave a good answer.
If you have fear you shouldn't trade. ( said nicely and positive).
You need the same mental approach whether a large or small lot.
You need a good method and stick to it.
i never ever use/used leverage.
i do have a couple of brokers and several accounts.
Try compounding to build confidence ....

ia1979 Oct 14, 2019 7:22am | Post# 44942

Morning all. Cable... 00-00 4 hour bar. The Low broke for some. I did not trade it. 08-00 15 minute bar. High break Fail. Luckily for me I did not trade it but I did trade the break of low for 5%. I am now done for the day. i am still not looking at anything else, gf is happy yaaaaaay.
Looks like the low broke, then the high, and then the low again.

lemercenaire Oct 14, 2019 7:30am | Post# 44943

'Morning, all. Hope the weekend was a pleasant one. Completely in the dark re The Monster's intentions as we start the new week, with price sitting slap bang in the middle of two tramlines of significant levels at 12381 and 12562, with the lower level corresponding with the 23.6 H1 fib. Soooooooooooo, looks like I'll be happy for it to kick off and do its thing and play the reaction, while sticking with The Billy Bar to get in on initially. Trade well all.
Aw, disappointed...price bounced at 12384, not 12381 . Hope some of you got in on it. Went +50 or so, so far.

lemercenaire Oct 14, 2019 8:36am | Post# 44944

1 Attachment(s)
Gone very quiet. Day over?

Picked up the Dead Zone move via UC, which for me was always a Long Bias. Done Wick-Zone.

Dead Zone USDCAD

Click to Enlarge

Name: DeadZoneviaUCdoneWZ14thOct19.png
Size: 36 KB

I think that'll do me. At least for now. The energy has gone out of the day and so I reckon lunch is in order - I may even go check the horses!

Trade well all who stick around.

lemercenaire Oct 14, 2019 8:44am | Post# 44945

Gone very quiet. Day over? Picked up the Dead Zone move via UC, which for me was always a Long Bias. Done Wick-Zone. Dead Zone USDCAD {image} I think that'll do me. At least for now. The energy has gone out of the day and so I reckon lunch is in order - I may even go check the horses! Trade well all who stick around.
Aw, for ***** sake. I just remembered it's Columbus Day today. Bank Holiday USA (and Canada for Thanksgiving Day and (I kid you not) Health and Sports Day in Japan).

I am definitely done for the day!

lemercenaire Oct 14, 2019 8:50am | Post# 44946

1 Attachment(s)
{quote} Aw, for ***** sake. I just remembered it's Columbus Day today. Bank Holiday USA (and Canada for Thanksgiving Day and (I kid you not) Health and Sports Day in Japan). I am definitely done for the day!
Gee shucks, help ma' Boab...couldn't just leave without taking a wee bit extra something off The back of a sleepy Monster...

DAX 1-min Sleepy Hollow Trade +2.5 +3 +6 +6.5 [+18]

Click to Enlarge

Name: DAXandaSleepyHollowTradeFoursome14thOct19for+2.5+3+6+6.5.png
Size: 45 KB

Now I'm done...

billytt Oct 15, 2019 2:23am | Post# 44947

Morning all.
Cable 00-00. 4 hour bar.
High broke and nothing happening yet.
t 07-23

lemercenaire Oct 15, 2019 2:28am | Post# 44948

Good morning folks. Price lingering just below a significant level and should we get a break (and close above, retest etc, blah, blah, blah) at 12544, I'd be looking to get in long.

Equally, the channel is narrow today and if we get a drop instead, Id be doing the same in the opposite direction at around 12510.

One issue, however, is the fact that we have layer of resistance/support right in the middle and that 12527 level will no doubt cause price to twist and turn in the wind for a while.

Have a good one, everyone.

EDIT: 07:29 and we got the long break, so we may actually see some action!

lemercenaire Oct 15, 2019 2:37am | Post# 44949

1 Attachment(s)
Boom!

I was waiting on a retrace to the micro 23.6 or major 50 level and missed the big jump by a nano-second! Left behind 8 pips or so, however, I did still get the bag.

DAX 5-min +6.5

Click to Enlarge

Name: DAXpreKOeventuallyinfor+6.5oct15th19.png
Size: 33 KB

lemercenaire Oct 15, 2019 2:41am | Post# 44950

1 Attachment(s)
Sold off the resistance...

DAX 5-min +6

Click to Enlarge

Name: DAXsoldanotherofftheretraceatresistancefor+6oct15th19stillpreKO.png
Size: 33 KB

lemercenaire Oct 15, 2019 2:43am | Post# 44951

Leave The Monster alone now till it settles and head over to The Land of Billster...

billytt Oct 15, 2019 2:46am | Post# 44952

Cable. 00-00 4 hour bar.
High broke and a good handful gained, IF Traded. I didn't.
T 07-45

lemercenaire Oct 15, 2019 2:54am | Post# 44953

For the Not-The-Billy-Bar price is also sitting between two levels, so although I have a feeling that it may be a short move coming, those levels will act as a boundary to give us either a target or a magnet, whichever way you want to look at it. There's about 14 pips to the lower level if it were to break at the present low of the candle, so plenty of room.

Still not sure if I'll play this one or just wait for the main Billy-Bar. The bar is about 16 pips at the moment, so not a lot to work with.

lemercenaire Oct 15, 2019 3:02am | Post# 44954

Ok, then...price pushed down almost all the way to that lower level, so we now don't have much if any room to work with. Not going to run a WZ back inside either. Think I'll be waiting for the main play.

lemercenaire Oct 15, 2019 3:04am | Post# 44955

Ok, then...price pushed down almost all the way to that lower level, so we now don't have much if any room to work with. Not going to run a WZ back inside either. Think I'll be waiting for the main play.
If I had done, price has moved +10 or so back up. Oh well...

lemercenaire Oct 15, 2019 3:13am | Post# 44956

Ahhhhh...The Prince of Darkness is due to crawl out of his crypt at 09.30 - that explains a lot.

lemercenaire Oct 15, 2019 3:14am | Post# 44957

Low break of the Not-The-Billy-Bar. TP hit.

lemercenaire Oct 15, 2019 3:19am | Post# 44958

The Billy-Bar is at 33 pips. Too big. So that sorts that. Not for me today.

turnip15 Oct 15, 2019 3:25am | Post# 44959

Boom! I was waiting on a retrace to the micro 23.6 or major 50 level and missed the big jump by a nano-second! Left behind 8 pips or so, however, I did still get the bag. DAX 5-min +6.5 {image}
Yes- nice break long of a channel just below your lower green line :-)

ia1979 Oct 15, 2019 5:03am | Post# 44960

The Billy-Bar is at 33 pips. Too big. So that sorts that. Not for me today.
Well played. Not sure how much movement is left in the Cable for today.


© Forex Factory