Billytt Die happy trading e/j daily breakout | Page 960 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,181
  • Jun 22, 2017 4:25am Jun 22, 2017 4:25am
Quoting billytt
{quote} 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.
I might have to start off the 1 pip strategy on ranges no bigger than 15 or something........the Profit Target isn't the main importance....it's how much "stress" you can handle on the DD. I think with this strategy we should always start with "worse case scenario" and see how much "stress" we are willing to handle/take. See how much of a % that is to our BR and then turn around and see how much of money that % will make us..........hopefully its a sufficient amount. Does this sound about right?
  • #19,182
  • Jun 22, 2017 4:29am Jun 22, 2017 4:29am
Quoting Piphunter00
{quote} 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
Good Luck Pip I hope you get it!
  • #19,183
  • Jun 22, 2017 4:31am Jun 22, 2017 4:31am
Quoting bojack34
{quote} Good Luck Pip I hope you get it!
thanks bo
  • #19,184
  • Jun 22, 2017 4:39am Jun 22, 2017 4:39am
Quoting billytt
{quote} 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.

yes trading is a Sport for rich .....
trying to make everyday the best risk/reward decisions possible
  • #19,185
  • Jun 22, 2017 4:43am Jun 22, 2017 4:43am
Quoting billytt
{quote} 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.
would it be ok then to put in 2 trades immediately....first trade shoot for 1 pip at a bigger lot size and the second trade shoot for +5 at your normal lot size?
  • #19,186
  • Jun 22, 2017 4:43am Jun 22, 2017 4:43am
Quoting bojack34
{quote} I might have to start off the 1 pip strategy on ranges no bigger than 15 or something........the Profit Target isn't the main importance....it's how much "stress" you can handle on the DD. I think with this strategy we should always start with "worse case scenario" and see how much "stress" we are willing to handle/take. See how much of a % that is to our BR and then turn around and see how much of money that % will make us..........hopefully its a sufficient amount. Does this sound about right?
yes and no,
looking at it from a money management point, it looks ridiculous but my stats are awesome.
It is very hard to actually make 1 point as we nearly always get more, we have retrace trades if needed. and a fail can be countered or traded like an 04-00 fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,187
  • Jun 22, 2017 4:45am Jun 22, 2017 4:45am
Quoting slowbrain
{quote} yes trading is a Sport for rich .....
it is, or depends on your idea of rich. You need a bank roll big enough to trade and it does not matter if you are trading full £££ or mini account.
Like poker big bank you can muscle in.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,188
  • Jun 22, 2017 4:46am Jun 22, 2017 4:46am
Quoting billytt
{quote} yes and no, looking at it from a money management point, it looks ridiculous but my stats are awesome. It is very hard to actually make 1 point as we nearly always get more, we have retrace trades if needed. and a fail can be countered or traded like an 04-00 fail.
your leaving out one major point......... you must have ......

Attached Image (click to enlarge)
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  • #19,189
  • Jun 22, 2017 4:47am Jun 22, 2017 4:47am
Quoting bojack34
{quote} would it be ok then to put in 2 trades immediately....first trade shoot for 1 pip at a bigger lot size and the second trade shoot for +5 at your normal lot size?
you could actually, but if you trade for 5 you may as well stick to it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,190
  • Jun 22, 2017 4:47am Jun 22, 2017 4:47am
so i got my double size +5.

down -1.74%

commissions chipped into that quiet abit too.

i feel this is a form of a victory.

i was involved in TWO fails. the high then the low. i was down 4% and some change. and managed to stem the bleeding down to 1.74.

hmmmmmmmmmmmmmmmmmmmmmmm
  • #19,191
  • Jun 22, 2017 4:49am Jun 22, 2017 4:49am
Quoting billytt
{quote} it is, or depends on your idea of rich. You need a bank roll big enough to trade and it does not matter if you are trading full or mini account. Like poker big bank you can muscle in.
Yes like poker need bankroll to sit at the table
if not just go the the slot machines
trying to make everyday the best risk/reward decisions possible
  • #19,192
  • Jun 22, 2017 4:49am Jun 22, 2017 4:49am
Quoting bojack34
{quote} your leaving out one major point......... you must have ...... {image}
lol,,,
i trade lines/stats and stick to method
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,193
  • Jun 22, 2017 4:50am Jun 22, 2017 4:50am
Quoting billytt
{quote} lol,,, i trade lines/stats and stick to method
speaking of lines and stats.....04-00 break AU is about to hit the opposite side trigger......yay for stats!.......although it does have the Daily Pivot to contend with before it breaks.
  • #19,194
  • Jun 22, 2017 4:54am Jun 22, 2017 4:54am
t 10-51 A/U low has almost failed, maybe it might not..
I traded the 1 point and actually got 4. that is me done..
IF it does fail with break of high we should then get Daily High Range .
i wont be trading it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,195
  • Jun 22, 2017 4:54am Jun 22, 2017 4:54am
Quoting bojack34
{quote} speaking of lines and stats.....04-00 break AU is about to hit the opposite side trigger......yay for stats!.......although it does have the Daily Pivot to contend with before it breaks.
i just mentioned that, high almost upon us
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,196
  • Jun 22, 2017 4:56am Jun 22, 2017 4:56am
for the adventurous short it now at 7558 with a 5 stop, it might just drop lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,197
  • Jun 22, 2017 4:58am Jun 22, 2017 4:58am
Quoting billytt
for the adventurous short it now at 7558 with a 5 stop, it might just drop lol.
Bill, would you say managing to climb back from two back to back failures from a -4% loss to -1.74% is decent?

dno if ive cleverly climbed out of a real turd of a trade or just gone john wayne on the lots and got lucky lol
  • #19,198
  • Jun 22, 2017 5:01am Jun 22, 2017 5:01am
Quoting Piphunter00
{quote} Bill, would you say managing to climb back from two back to back failures from a -4% loss to -1.74% is decent? dno if ive cleverly climbed out of a real turd of a trade or just gone john wayne on the lots and got lucky lol
yes, you have saved almost 50% of the loss.Just keep your head and stick to the plan with good triggers
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,199
  • Jun 22, 2017 5:02am Jun 22, 2017 5:02am
Quoting billytt
{quote} yes, you have saved almost 50% of the loss.Just keep your head and stick to the plan with good triggers
yaaaaaaaaaaaaaaaaaaaaaaaaaay.

a loss has never felt so good.
  • #19,200
  • Jun 22, 2017 5:03am Jun 22, 2017 5:03am
Quoting bojack34
{quote} speaking of lines and stats.....04-00 break AU is about to hit the opposite side trigger......yay for stats!.......although it does have the Daily Pivot to contend with before it breaks.
Looking at AU, you can see just how powerful the Daily Pivot is........Look at how BIG that Green Candle is that lead up to the Daily Pivot line........the DP stopped it like a Brick Wall......no problem at all.
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