Billytt Die happy trading e/j daily breakout | Page 954 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,061
  • Jun 20, 2017 4:41pm Jun 20, 2017 4:41pm
Detail on my own DZ is as always, above. Here's how the day looked across the board...

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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GBPNZD
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  • #19,062
  • Jun 20, 2017 4:41pm Jun 20, 2017 4:41pm
AUDNZD
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GBPUSD
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CADJPY
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NZDUSD
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NZDJPY
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  • #19,063
  • Jun 20, 2017 4:45pm Jun 20, 2017 4:45pm
XAUUSD
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USDJPY
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GBPJPY
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GER30
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OILUSD
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  • #19,064
  • Jun 20, 2017 4:47pm Jun 20, 2017 4:47pm
Have a good night, folks. Catch y'all again tomorrow.
  • #19,065
  • Jun 20, 2017 6:29pm Jun 20, 2017 6:29pm
[quote=bojack34;10000125]I just finished some more stats! Very interesting stuff. I can definitely see how having this stuff will help in the future. So far today I have added....."how many pips price retraced before making TP. (not including complete reversals) I broke it down into 5 categories....20-25 pips, 25-30 pips, 30-35 pips, 35-40 pips and 40+ pips. Out of the 55 ranges of 20 p

good stats Bo, you are categorising them into frequency distribution..
With those retrace stats you can plan retrace trades
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,066
  • Jun 20, 2017 6:34pm Jun 20, 2017 6:34pm
[quote=billytt;10000407]
Quoting bojack34
I just finished some more stats! Very interesting stuff. I can definitely see how having this stuff will help in the future. So far today I have added....."how many pips price retraced before making TP. (not including complete reversals) I broke it down into 5 categories....20-25 pips, 25-30 pips, 30-35 pips, 35-40 pips and 40+ pips. Out of the 55 ranges of 20 p good stats Bo, you are categorising them into frequency distribution.. With those retrace stats you can plan retrace trades
Thanks Bill! I also have some more retrace trades stats that I didn't include. I can only think of so many stats to research with the indicator that I have. I will have to think of, or learn how to compile stats another way. Any help or ideas would be appreciated.
  • #19,067
  • Jun 20, 2017 6:45pm Jun 20, 2017 6:45pm
[quote=bojack34;10000408]
Quoting billytt
{quote} Thanks Bill! I also have some more retrace trades stats that I didn't include. I can only think of so many stats to research with the indicator that I have. I will have to think of, or learn how to compile stats another way. Any help or ideas would be appreciated.
after a while you will look at a chart and see what info you need,
This i find difficult to explain. But the chart is like a picture... you will see a trigger line then either a perfect break or retrace bar/s , once you see a pattern you can study it further.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,068
  • Jun 20, 2017 6:49pm Jun 20, 2017 6:49pm
someone asked about compounding,
i will answer in next post.
i have also been told that this is not compounding lol.
Also, i will not mention spread,margin as it has changed since i compounded like a crazed animal

edit, i shall use small amount and ££, it is same as $$$
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,069
  • Jun 20, 2017 6:57pm Jun 20, 2017 6:57pm
Nice trading guys, great advice and tips, thanks
The WH or Tokyo open has produ ed pips of one sort or another. ..!
I need to fine tune the counter point though, some of those WH candles are big..!
I wonder if any one has thoughts on this. ?
LEM....!! Help....!
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Onwards and upwards...
  • #19,070
  • Jun 20, 2017 7:09pm Jun 20, 2017 7:09pm
i have 20 .
i trade at 1 per pip with a 20 stop and 20 take profit...
Trade 1, 20 lot = 1 per pip and 20 profit =40.. (20 + 20 =40)

Trade 2, 40 lot = 2 per pip and 40 profit =80.. ( 40 +40 =80)

Trade 3, 80 lot = 4 per pip and 80 profit = 160.. ( 80 + 80 =160)

3 separate trades would of gained us 60, 20 + 20 +20 =60
But compounding 100% gained us 160, (minus the first 20 lot)
we can compound a smaller percentage, but you need to be more selective with the trades.

we can go onto ridiculous amounts and it is very hard on your mental state, so i advise to compound trade 3 maybe 4 times.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,071
  • Jun 20, 2017 7:16pm Jun 20, 2017 7:16pm
Quoting billytt
i have 20 . i trade at 1 per pip with a 20 stop and 20 take profit... Trade 1, 20 lot = 1 per pip and 20 profit =40.. (20 + 20 =40) Trade 2, 40 lot = 2 per pip and 40 profit =80.. ( 40 +40 =80) Trade 3, 80 lot = 4 per pip and 80 profit = 160.. ( 80 + 80 =160) 3 separate trades would of gained us 60, 20 + 20 +20 =60 But compounding 100% gained us 160, (minus the first 20 lot) we can compound a smaller percentage, but you need to be more selective with the trades. we can go onto ridiculous amounts and it is very hard on your mental state, so i advise...
Had £20 on the 2.30 Ascot now got £42.00 lol thats a gain
  • #19,072
  • Jun 20, 2017 7:18pm Jun 20, 2017 7:18pm
Quoting claudia1
{quote} Had 20 on the 2.30 Ascot now got 42.00 lol thats a gain
woo woo awesome
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,073
  • Jun 20, 2017 7:29pm Jun 20, 2017 7:29pm
Quoting billytt
{quote} woo woo awesome
Worth watching Skybet - that bet was my horse lost get stake back - ok as a free bet ..
  • #19,074
  • Jun 20, 2017 7:35pm Jun 20, 2017 7:35pm
Quoting claudia1
{quote} Worth watching Skybet - that bet was my horse lost get stake back - ok as a free bet ..
good info, worth looking around
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,075
  • Jun 20, 2017 7:50pm Jun 20, 2017 7:50pm
My strategy I have set up has my TP target each day set at 2% that has me putting about 9% of my bankroll into play when/if my trade Fails and I have to counter my full -20. Do you think putting 9% in limbo for my counter is too much? I do plan on compounding my first counter trade for +5....i know that makes a difference.
  • #19,076
  • Jun 20, 2017 8:12pm Jun 20, 2017 8:12pm
Quoting bojack34
My strategy I have set up has my TP target each day set at 2% that has me putting about 9% of my bankroll into play when/if my trade Fails and I have to counter my full -20. Do you think putting 9% in limbo for my counter is too much? I do plan on compounding my first counter trade for +5....i know that makes a difference.
Hi, in limbo your money is safe.You then need the good trade/s to fix it..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,077
  • Jun 20, 2017 8:16pm Jun 20, 2017 8:16pm
Quoting bojack34
My strategy I have set up has my TP target each day set at 2% that has me putting about 9% of my bankroll into play when/if my trade Fails and I have to counter my full -20. Do you think putting 9% in limbo for my counter is too much? I do plan on compounding my first counter trade for +5....i know that makes a difference.
When you say you're trading a set target of 2% a day...is that off just one position or a few?
  • #19,078
  • Jun 20, 2017 8:18pm Jun 20, 2017 8:18pm
Quoting billytt
{quote} Hi, in limbo your money is safe.You then need the good trade/s to fix it..
We have plenty of those!! I was more worried about how much % to put into limbo because the more in limbo the more you have to put at risk to get into positive %%. I don't plan on doubling and doubling and doubling like some of our friends here. I plan on making ONE counter trade and then hold it over night if it doesn't reach TP.
  • #19,079
  • Jun 20, 2017 8:19pm Jun 20, 2017 8:19pm
Quoting GDR3k
{quote} When you say you're trading a set target of 2% a day...is that off just one position or a few?
04-00 Break AU with a 5 pip TP target for a 2% profit
  • #19,080
  • Jun 20, 2017 8:32pm Jun 20, 2017 8:32pm
[quote=bojack34;10000565]{quote} We have plenty of those!! I was more worried about how much % to put into limbo because the more in limbo the more you have to put at risk to get into positive %%. i don't plan on doubling and doubling and doubling

no need to keep doubling, either add a small percentage on or add more. compound 2/3 times and the bank will grow.
But you need to concentrate on the losers/limbo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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