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Quoting turnip15
{quote} Hi Ho...oops ! {image} {image}
Blame William ! Speaking of he seems to be awol
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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Quoting claudia1
{quote} Blame William ! Speaking of he seems to be awol
He is just helping with questions relating to some gnomicides in local gardens. Should be released soon.
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Quoting MichaelG
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.

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.
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.
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.
Quoting Avery
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...
Why were you buying when your chart clearly indicates the market is going down ?
Quoting claudia1
Tested support and low range sso far. See what NY does to it. I see further down bearing in mind it is Friday. {image}
Happy with that been a good day that's enough.

Lem got horses in town later worth a look.
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Last one this was what the aj ea was about. Forgot myself.

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Quoting claudia1
{quote} Happy with that been a good day that's enough. Lem got horses in town later worth a look. {image}
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.
Quoting claudia1
{quote} Why were you buying when your chart clearly indicates the market is going down ?
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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@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
Quoting claudia1
@Sheppy - as requested here you go with template. Think that's the latest but it's easy to modify. {file} {file}
Thanks)))))))))
Into the weekend...

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The last has to be Linda on her own...

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Quoting lemercenaire
The last has to be Linda on her own... https://www.youtube.com/watch?v=w9qsDgA1q8Y
lol thanks. Only one missing is Dolly P. Got a vid of them together.
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Linda talking about Eagles wow
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