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Billytt Die happy trading e/j daily breakout

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  • Post #55,741
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  • Jan 15, 2021 7:00am Jan 15, 2021 7:00am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Quoting turnip15
Disliked
{quote} Hi Ho...oops ! {image} {image}
Ignored
Blame William ! Speaking of he seems to be awol
  • Post #55,742
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  • Jan 15, 2021 7:03am Jan 15, 2021 7:03am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Tested support and low range sso far. See what NY does to it. I see further down bearing in mind it is Friday.
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  • Post #55,743
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  • Jan 15, 2021 7:15am Jan 15, 2021 7:15am
  •  turnip15
  • Joined Sep 2006 | Status: Member | 6,588 Posts
Quoting claudia1
Disliked
{quote} Blame William ! Speaking of he seems to be awol
Ignored
He is just helping with questions relating to some gnomicides in local gardens. Should be released soon.
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  • Post #55,744
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  • Jan 15, 2021 7:19am Jan 15, 2021 7:19am
  •  billytt
  • Joined Feb 2009 | Status: Member | 26,515 Posts
Quoting MichaelG
Disliked
Hey Billy. Just wondering what the "tt" on the end of billy stands for. I know your into bikes, so do you host your own bike race and present the Billy Tourist Trophy to the winner? Or is it Terrific Trader (as opposed to Terrible Trader)? Perhaps it's Tea Totaler...(not sure about that one lol) Cheers mate.
Ignored

Hi M, TT has nothing to do with the TT races isle of man, but actually something to do with a lady i once loved. awwwwwwwwwwwwwwww

That is all i can say.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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  • Post #55,745
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  • Jan 15, 2021 7:20am Jan 15, 2021 7:20am
  •  billytt
  • Joined Feb 2009 | Status: Member | 26,515 Posts
The room seems to be not as peaceful as normal and people are getting hacked off, so i think i may be barring someone shortly.
Lets chill , Karma.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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  • Post #55,746
  • Quote
  • Jan 15, 2021 7:31am Jan 15, 2021 7:31am
  •  Avery
  • | Additional Username | Joined Oct 2020 | 138 Posts
I am trying to get some practical experience with countering, doing this at small size.

Example.

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My initial buy moved south. I then opened a sell position to keep this loss locked / limiting the further risk on it. (forget the second buy order, mistake).

While I was locked for 1 x 0.01 lots (distance between buy/sell) and price quickly shot down south i then added 2 additional sell positions (2 x 0.01 lots) and closed them with some more profits already.

If i wouldīt have opened the second buy position by mistake i could have exited the hole trade sequence at break even i think.

However this is what is called averaging down right? So if price would have spiked up again at the moment i opened my additional sell positions my total loss would even have increased.

Maybe that is some way of countering? Still the two more trades i opened i could have opened getting out of the buy position separately, so basically no advantage here in keeping the initial buy order locked in with the sell order unless i canīt exit from them with a profit or less loss WITHOUT doing separate new trades (adding to it).

I am out for a walk now, please donīfeel stressed by all my questions . I really want to learn and improve.

Have a nice weekend all, cheers.
  • Post #55,747
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  • Jan 15, 2021 8:26am Jan 15, 2021 8:26am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Quoting Avery
Disliked
I am trying to get some practical experience with countering, doing this at small size. Example. {image} My initial buy moved south. I then opened a sell position to keep this loss locked / limiting the further risk on it. (forget the second buy order, mistake). While I was locked for 1 x 0.01 lots (distance between buy/sell) and price quickly shot down south i then added 2 additional sell positions (2 x 0.01 lots) and closed them with some more profits already. If i wouldīt have opened the second buy position by mistake i could have exited the...
Ignored
Why were you buying when your chart clearly indicates the market is going down ?
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  • Post #55,748
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  • Jan 15, 2021 8:57am Jan 15, 2021 8:57am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Quoting claudia1
Disliked
Tested support and low range sso far. See what NY does to it. I see further down bearing in mind it is Friday. {image}
Ignored
Happy with that been a good day that's enough.

Lem got horses in town later worth a look.
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  • Post #55,749
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  • Jan 15, 2021 9:38am Jan 15, 2021 9:38am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
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  • Post #55,750
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  • Jan 15, 2021 9:59am Jan 15, 2021 9:59am
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Last one this was what the aj ea was about. Forgot myself.

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  • Post #55,751
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  • Jan 15, 2021 11:08am Jan 15, 2021 11:08am
  •  billytt
  • Joined Feb 2009 | Status: Member | 26,515 Posts
Quoting claudia1
Disliked
{quote} Happy with that been a good day that's enough. Lem got horses in town later worth a look. {image}
Ignored
yep, its been a good week again.
Today seemed to go on for ever, i got my 5% off 08-00 break, and bagged a few on the drop .
Now the weekend is upon us. i am going for a walk along sea very soon,
We are getting approx 10 minutes more light each week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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  • Post #55,752
  • Quote
  • Edited at 12:10pm Jan 15, 2021 11:34am | Edited at 12:10pm
  •  Avery
  • | Additional Username | Joined Oct 2020 | 138 Posts
Quoting claudia1
Disliked
{quote} Why were you buying when your chart clearly indicates the market is going down ?
Ignored
To test countering. It didīt matter to me what direction price will move in this case. I am more interested in getting a feeling of how to potentially come out of a trade i am locked in (one long, one short at the same instrument). Hence my questions probably were more forwarded to the people countering here.

Regarding direction, if trading the BillyBar you often see the market going in another direction, but you trade the line it says... So you probably could ask the same question then, why going long if market often is moving the other way...

In this case i had no line but i also didīt plan to make a profit here nor trying to guess direction right. I actually donīt care where the market is going as long i am able to end up net positive by the end of the day, week, month, year.

So i think its even more important to have some kind of volatility to see the market moving while you trade so you can make a profit.

Back to my example, leaving out the second buy order here (which was an executional mistake) i would have fixed for my initial buy order at -3,72, with one further sell order to have it locked at that sum, two second sell orders while it moved south + letting one side of the countered position moving back in my favor again so also reducing the loss on that.

So -3,72 + 3,21 + 0,37 + 0,35 = 0,21 EUR. So not at all break even because i paid 0,26 on commissions. But its not about the mathematical example, just would like to know if this is one way of what to do if i am locked in through what folks here call countering.

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  • Post #55,753
  • Quote
  • Jan 15, 2021 2:45pm Jan 15, 2021 2:45pm
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
@Sheppy - as requested here you go with template. Think that's the latest but it's easy to modify.
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File Type: mq4 Pivots.mq4   32 KB | 32 downloads
File Type: tpl Pivot.tpl   16 KB | 31 downloads
  • Post #55,754
  • Quote
  • Jan 15, 2021 2:58pm Jan 15, 2021 2:58pm
  •  sheppy
  • | Joined May 2007 | Status: Member | 509 Posts
Quoting claudia1
Disliked
@Sheppy - as requested here you go with template. Think that's the latest but it's easy to modify. {file} {file}
Ignored
Thanks)))))))))
  • Post #55,755
  • Quote
  • Jan 15, 2021 3:11pm Jan 15, 2021 3:11pm
  •  lemercenaire
  • Joined Oct 2015 | Status: Member | 17,590 Posts
Into the weekend...

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  • Post #55,756
  • Quote
  • Jan 15, 2021 3:12pm Jan 15, 2021 3:12pm
  •  lemercenaire
  • Joined Oct 2015 | Status: Member | 17,590 Posts
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  • Post #55,757
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  • Jan 15, 2021 3:14pm Jan 15, 2021 3:14pm
  •  lemercenaire
  • Joined Oct 2015 | Status: Member | 17,590 Posts
The last has to be Linda on her own...

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  • Post #55,758
  • Quote
  • Jan 15, 2021 3:19pm Jan 15, 2021 3:19pm
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Quoting lemercenaire
Disliked
The last has to be Linda on her own... https://www.youtube.com/watch?v=w9qsDgA1q8Y
Ignored
lol thanks. Only one missing is Dolly P. Got a vid of them together.
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  • Post #55,759
  • Quote
  • Jan 15, 2021 3:22pm Jan 15, 2021 3:22pm
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
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  • Post #55,760
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  • Jan 15, 2021 3:35pm Jan 15, 2021 3:35pm
  •  claudia1
  • Joined Apr 2013 | Status: Member | 12,653 Posts
Linda talking about Eagles wow
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