Billytt Die happy trading e/j daily breakout | Page 959 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,161
  • Jun 22, 2017 3:02am Jun 22, 2017 3:02am
Quoting bojack34
{quote} i know its the chicken shit way to do things but what about throwing in a second trade (after you lock up your +5) with a tight trailing stop.....maybe 1.5 or 2 or something small.....it might not get you all 20 but it could lock you up a couple more each time.
you could do that but you are now looking at the other thousands of traders who will fail. Have a method and stick to it.
sometimes i run 2 trades off a trigger, 1st trade for +5 and the second to let run, if it retraces i immediately close ( maybe only make 1 extra point). OR slightly increas your lot size as in compounding. Small extra gains can be used to offset a loss
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,162
  • Jun 22, 2017 3:05am Jun 22, 2017 3:05am
Quoting Piphunter00
{quote} women will show no frugality when it comes to clothing ay! but dare you to go and pick up the most expensive washing powder or concentrated juice when shopping lol youll be told about a 1.25 difference and how it matters update: i really feel like im going to do my ass on this e/g trade in a major way
women, i just luv then and agreed with the washing powder
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,163
  • Jun 22, 2017 3:13am Jun 22, 2017 3:13am
t 09-12 now trading talk....
i took 9% off 1 point method on A/U first then Cable then A/U hit it with bigger lot size and i feel ggo.
Dax 07-55 was a beauty red bar and down it went. I didnt trade it.
Cable 04-00 low triggered then retraced, nothing stopping us adding a short .
E/J dropped ok.
A/U low triggered and still running, i am not trading the 04-00. easy day
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,164
  • Jun 22, 2017 3:14am Jun 22, 2017 3:14am
Quoting Piphunter00
countered at mid. took +5 off that. to my suprise my mid counter TP got triggered but it didnt enter the sell stops i had at the low. ive been able to counter again a little bit higher. meaning ive stemmed abit of the loss. hopefully the low is broken for +5 and i should be good jesus christ. e/g is a top bastard. what a fucking joke this price action is. going to use all the balls i have to keep riding this crap out. watch me get burned, always how it goes this is literally a sick joke. currently -4% even though i literally quatred my lot size...
This could go on all day...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15asFBoverviewaseg22ndJune17.png Size: 44 KB


I'd be looking to scalp off those zones.
  • #19,165
  • Jun 22, 2017 3:15am Jun 22, 2017 3:15am
Quoting lemercenaire
{quote} This could go on all day... {image}
im just hoping i have any of this account left by the time it stops.

this is where the risk reward issue scares me.

if you cant unwind all of these counters, good luck making the loss back any time in the same month lol.

and like i said i quatered my lot size.
  • #19,166
  • Jun 22, 2017 3:18am Jun 22, 2017 3:18am
Quoting bojack34
{quote} Can I do this on MT4? I've never done this before but I will use this strategy some so I better learn how to do it. Thankfully we have this little thing called google.
There are trade managers that will do the legwork for you but easiest way is to run two trades at different sizes. Close the big one, let the little one run. I'm not necessarily recommending this for this method (it does work for 1-2-3 but horses-for-courses and all that) and I don't do it myself. This is just spit-ballin'.
  • #19,167
  • Jun 22, 2017 3:23am Jun 22, 2017 3:23am
Quoting billytt
t 09-12 now trading talk.... i took 9% off 1 point method on A/U first then Cable then A/U hit it with bigger lot size and i feel ggo. Dax 07-55 was a beauty red bar and down it went. I didnt trade it. Cable 04-00 low triggered then retraced, nothing stopping us adding a short . E/J dropped ok. A/U low triggered and still running, i am not trading the 04-00. easy day
Great Job on the 1 pip!! You make every strategy look easy . 04-00 Break AU has is in retrace after +4, i'm hoping that it reverses all the way so I can trade the opposite triggers, but stats say that average retrace is just under 7 pips.....we'll see how close to AVERAGE it gets before either continuing on with the original direction or makes a 100% complete range reversal.......I'm hoping for the later!
  • #19,168
  • Jun 22, 2017 3:24am Jun 22, 2017 3:24am
Quoting bojack34
{quote} Great Job on the 1 pip!! You make every strategy look easy . 04-00 Break AU has is in retrace after +4, i'm hoping that it reverses all the way so I can trade the opposite triggers, but stats say that average retrace is just under 7 pips.....we'll see how close to AVERAGE it gets before either continuing on with the original direction or makes a 100% complete range reversal.......I'm hoping for the later!
stil not got the most frequent figure?
  • #19,169
  • Jun 22, 2017 3:26am Jun 22, 2017 3:26am
Quoting Piphunter00
{quote} stil not got the most frequent figure?
oh yeah i meant to write at the end of that post don't crucify me for using the word AVERAGE...lol. I know I know...i'm trying pip take it easy on me brother
  • #19,170
  • Jun 22, 2017 3:27am Jun 22, 2017 3:27am
Quoting Piphunter00
{quote} stil not got the most frequent figure?
TBH i dont have the frequency stats for any range under 20 since I plan on trading the entire range for anything under 20.
  • #19,171
  • Jun 22, 2017 3:27am Jun 22, 2017 3:27am
Quoting bojack34
{quote} oh yeah i meant to write at the end of that post don't crucify me for using the word AVERAGE...lol. I know I know...i'm trying pip take it easy on me brother
just dont want you making decisions based on this average figure, when it might be that your most frequent figure is a way deeper retrace then your caught off guard thats all my friend.

i want your trading experience to begin smoothly.

not like the shit im currently dealing with.
  • #19,172
  • Jun 22, 2017 3:29am Jun 22, 2017 3:29am
Quoting bojack34
{quote} Great Job on the 1 pip!! You make every strategy look easy . 04-00 Break AU has is in retrace after +4, i'm hoping that it reverses all the way so I can trade the opposite triggers, but stats say that average retrace is just under 7 pips.....we'll see how close to AVERAGE it gets before either continuing on with the original direction or makes a 100% complete range reversal.......I'm hoping for the later!
i make it look easy because i keep it simple and stick to my method.
Ok the 1 point is new but it is all based off the 04-00 break stats and it is very hard to make 1 point as i nearly always get more lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,173
  • Jun 22, 2017 3:30am Jun 22, 2017 3:30am
Quoting billytt
{quote} i make it look easy because i keep it simple and stick to my method. Ok the 1 point is new but it is all based off the 04-00 break stats and it is very hard to make 1 point as i nearly always get more lol
trying to put in a bid for gibralter aswell bill?
  • #19,174
  • Jun 22, 2017 3:36am Jun 22, 2017 3:36am
Quoting Piphunter00
{quote} trying to put in a bid for gibralter aswell bill?
nah, i hate barbary apes. i gonna buy the isle of white
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,175
  • Jun 22, 2017 3:51am Jun 22, 2017 3:51am
Bo and anyone,,, 04-00 break for 5 points.
very high odds of getting + 5.
frequency distribution time .... every trigger for +5 will get +1 first , sometimes the trade fails but you still get +1.
THE BEST BIT NOW, How close to the trigger does the bar get to the trigger (ie doesn't trigger)??? IF it gets to within 1 point it will then trigger, it has big odds of getting to with 2 then trigger. You can get 1 point and it retraces get 1 retrace 1 retrace etc.

I find this difficult to explain
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,176
  • Jun 22, 2017 3:57am Jun 22, 2017 3:57am
Quoting billytt
Bo and anyone,,, 04-00 break for 5 points. very high odds of getting + 5. frequency distribution time .... every trigger for +5 will get +1 first , sometimes the trade fails but you still get +1. THE BEST BIT NOW, How close to the trigger does the bar get to the trigger (ie doesn't trigger)??? IF it gets to within 1 point it will then trigger, it has big odds of getting to with 2 then trigger. You can get 1 point and it retraces get 1 retrace 1 retrace etc. I find this difficult to explain
I believe I understand what your saying........your saying that we have a really good chance of our Trigger getting hit every time price gets within 1 pip of it....or even 2 pips of it.........so if we wanted to we could enter a trade 1 or 2 pips before our trigger and then take only 2 or 3 pips total.....and then wait for price to retrace back accross our trigger so we can rinse and repeat ????
  • #19,177
  • Jun 22, 2017 4:08am Jun 22, 2017 4:08am
this trade should be the dictionary definition of pain

Pain:

\pay-n\

 

  1. Having Four Counters on E/G



if i get crushed on this. say nice things about me at my funeral

  • #19,178
  • Jun 22, 2017 4:20am Jun 22, 2017 4:20am
Quoting bojack34
{quote} I believe I understand what your saying........your saying that we have a really good chance of our Trigger getting hit every time price gets within 1 pip of it....or even 2 pips of it.........so if we wanted to we could enter a trade 1 or 2 pips before our trigger and then take only 2 or 3 pips total.....and then wait for price to retrace back accross our trigger so we can rinse and repeat ????
yes, i had a run of 29 straight 1 point wins or more, every one of those would of had the +1 and +2 entry trades before trigger.
I have got fails for +2 before trigger and still collating stats for guidance.
Then we have the trigger retrace trades. it is looking good.
But dont forget i hitting it quite hard with lot size, it may not look good if you have a small bank roll, but believe me it will accumulate.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,179
  • Jun 22, 2017 4:23am Jun 22, 2017 4:23am
Quoting Piphunter00
this trade should be the dictionary definition of pain Pain: \pay-n\ Having Four Counters on E/G if i get crushed on this. say nice things about me at my funeral

did you short it off the 04-00? i know low failed but high now broke, it was on an inside bar so on paper you were unlucky to fail on the low but the High should now keep going up

edit, am only saying, dont take that as a tip lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,180
  • Jun 22, 2017 4:25am Jun 22, 2017 4:25am
Quoting billytt
{quote} did you short it off the 04-00? i know low failed but high now broke, it was on an inside bar so on paper you were unlucky to fail on the low but the High should now keep going up
well initially i was playing it off the frankenbreak range, but that basically ties in with the H4 entirely now anyway.

im currently double size on the high break. at this point ive already accepted i might be dead in the water so hey im going out blazing

it bloody should keep going. E/G fulfills the 5 day ATR by 50% 96.7% of the time and it hasnt done that at all yet. and those few days that didnt in my sample size have both pre election days tied into it. so that explains why the market went nowhere on those days
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