Billytt Die happy trading e/j daily breakout | Page 966 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,301
  • Jun 23, 2017 12:15am Jun 23, 2017 12:15am
Quoting bojack34
{quote} did you get in a pip or two early on the 1 pip test?
yes i did, 1.5 with cable, i was in and out due to me not wanting to long lol, and A/U got 2.5 .
ALSO i traded 1 at a time but it happened very quick....

IF the short was on instead (hypothetical) i would of compounded my win from yesterday, but not the compounding i have posted in here.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,302
  • Jun 23, 2017 12:16am Jun 23, 2017 12:16am
Took that as per Billy's AU 04:00 rules but would have been over and done even faster running as WZ...still haven't made up my mind on that one.

EDIT: AU is trying hard on the break long but not looking entirely convincing, lol. Happy enough to have left it.
  • #19,303
  • Jun 23, 2017 12:19am Jun 23, 2017 12:19am
hmmmmmmmm, sitting here twiddling my thumbs wondering what to do next.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,304
  • Jun 23, 2017 12:20am Jun 23, 2017 12:20am
Quoting lemercenaire
Took that as per Billy's AU 04:00 rules but would have been over and done even faster running as WZ...still haven't made up my mind on that one. EDIT: AU is trying hard on the break long but not looking entirely convincing, lol. Happy enough to have left it.
Speaking of the 04-00 AU breaking LONG......I started running a demo account tonight with 5k just to get some experience before I put any money of any substance on LIVE......SO with that being said.......tonight being the first night i had a TP set at 5 pips and a second trade at+5 at x2 lot size for another 2.5 pips (that put me exactly on the quarter line so i wanted to compound and go for less pips)...........BUT.......when price reached just shy of the next trigger.....it triggered anyway because of spread i'm sure......but now I have two line trades (LONG) because of the stupid spread.......lol
  • #19,305
  • Jun 23, 2017 12:23am Jun 23, 2017 12:23am
[quote=billytt;10010666]
Quoting Piphunter00
{quote} ayay captain all is well. im getting caught in a lot of hurricanes but i am making my way out of it. stumbled into a -2.3% loss give or take. unwound it to a 0. apart from that you are ok. It will work out. You are gaining experience all the time. I cannot advise on some aspects of your trading as i dont know, especially trading at midway points? all my stats for daily break and 04-00 say dont do it, but that is my method.
yes defo. learning massive amounts

and on the topic of the mid-points. you are 100% correct. this is what i was saying to BO few days ago.

on the 4am setups and the pairs that bring about wider ranges the mid point is useless. i came across this is in my early days of collating the AU stats.

e.g seems to have an affinity for washing out the mid point to the other end.

though what led me to abandon putting on another mid counter on my second position was the way it hit the other end. it was one big candle sweep. and extensive chart time has taught me all to well that those big pops and drops will fade back in a second even if they continue in the direction. which is what exactly happened.

other then that i havent really incorporated much else like pivots and BRN's etc. just using daily range stats. and that usually coincides with levels from pivots etc.

like today the modest daily range was bang on S1.

i will continue trucking!

thank you very much for your feedback bill its super valuable.
  • #19,306
  • Jun 23, 2017 12:24am Jun 23, 2017 12:24am
Quoting billytt
{quote} yes i did, 1.5 with cable, i was in and out due to me not wanting to long lol, and A/U got 2.5 . ALSO i traded 1 at a time but it happened very quick.... IF the short was on instead (hypothetical) i would of compounded my win from yesterday, but not the compounding i have posted in here.
with the 1 pip method......i know stats aren't in yet...but in your opinion how many trades do you think you could go with pip before you get a FAIL?.......Fail as in NOT reaching 1 pip.......reverse before ever making 1 pip.........maybe 20-30 times to every loss?
  • #19,307
  • Jun 23, 2017 12:25am Jun 23, 2017 12:25am
[quote=bojack34;10010735]{quote} Speaking of the 04-00 AU breaking LONG......I started running a demo account tonight with 5k just to get some experience before I put any money of any substance on LIVE......SO with that being said.......tonight being the first night i had a TP set at 5 pips and a secon

you adjust your trigger to account for the spread (buy/sell)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,308
  • Jun 23, 2017 12:25am Jun 23, 2017 12:25am
Quoting billytt
{quote} yes i did, 1.5 with cable, i was in and out due to me not wanting to long lol, and A/U got 2.5 . ALSO i traded 1 at a time but it happened very quick.... IF the short was on instead (hypothetical) i would of compounded my win from yesterday, but not the compounding i have posted in here.
is this because this material is bound by ancient druid copywrite spell?

or can we have the scrolls
  • #19,309
  • Jun 23, 2017 12:27am Jun 23, 2017 12:27am
[quote=billytt;10010755]
Quoting bojack34
{quote} Speaking of the 04-00 AU breaking LONG......I started running a demo account tonight with 5k just to get some experience before I put any money of any substance on LIVE......SO with that being said.......tonight being the first night i had a TP set at 5 pips and a secon you adjust your trigger to account for the spread (buy/sell)
AHHHHHH ......so get in early just like the 1 pip method to account for the spread.....smart......thanks a lot Bill!!
  • #19,310
  • Jun 23, 2017 12:27am Jun 23, 2017 12:27am
[quote=Piphunter00;10010743][quote=billytt;10010666]{quote} yes defo. learning massive amounts and on the topic of the mid-points. you are 100% correct. this is what i was saying to BO few days ago. on the 4am setups and the pairs that bring about wider ranges the mid point is useless. i came across this is in my early days of collating the AU stats. e.g seems to have an affinity for washing out the mid point to the other end. th

correct, a high and a low has been put there buy the big boys, a mid line hasn't.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,311
  • Jun 23, 2017 12:27am Jun 23, 2017 12:27am
Quoting bojack34
{quote} Speaking of the 04-00 AU breaking LONG......I started running a demo account tonight with 5k just to get some experience before I put any money of any substance on LIVE......SO with that being said.......tonight being the first night i had a TP set at 5 pips and a second trade at+5 at x2 lot size for another 2.5 pips (that put me exactly on the quarter line so i wanted to compound and go for less pips)...........BUT.......when price reached just shy of the next trigger.....it triggered anyway because of spread i'm sure......but now I have...
subtract/add the spread to the high/low beacuse it will FOR SURE play games and tag you in stuff, happened to me yesterday.
  • #19,312
  • Jun 23, 2017 12:28am Jun 23, 2017 12:28am
Looking at the original FB variant, including S+D, you could have had a fun bet on the short off of the upper zone.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15FBnaIntoFunPlay-ShortFromS+D23rdJune17.png Size: 39 KB
  • #19,313
  • Jun 23, 2017 12:31am Jun 23, 2017 12:31am
[quote=bojack34;10010768]
Quoting billytt
{quote} AHHHHHH ......so get in early just like the 1 pip method to account for the spread.....smart......thanks a lot Bill!!
bingo, except you are not getting in early, 1 point is an early entry and literally stealing whereas trigger adjustment isnt.
Some people like to enter a point or two above/below trigger to compensate, i dont as 1 point = 20% of my +5
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,314
  • Jun 23, 2017 12:32am Jun 23, 2017 12:32am
Quoting Piphunter00
{quote} subtract/add the spread to the high/low beacuse it will FOR SURE play games and tag you in stuff, happened to me yesterday.
it certainly does, it has happened to me many times. Sometimes it is to the good but other times it causes headache and loss
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,315
  • Jun 23, 2017 12:35am Jun 23, 2017 12:35am
Quoting Piphunter00
frakenbreak has led me down shits creek again lol. this is disgusting
You didn't play that range, did you? That'll whip the skin off your back big-time.
  • #19,316
  • Jun 23, 2017 12:35am Jun 23, 2017 12:35am
ok Bill ONE MORE counter question for ya....lol.......

when we put in our counter on the opposite trigger and we put in a x2 lot size on the first trade going for +5 and the second trade has regular lot size going for +10,+20, Daily Range etc..............NOW........our trade reverses again..........at this point we have 1 LOT on the original trade and 3 LOTS in the second trade (2 trades)................now when price reverses and this is when we just put things in limbo and wait for our next trigger...........what is throwing me off is we have lop sided LOT SIZES now.........3 lots one way and 1 the other......what should I do when price reverses again and continues back towards the original direction and I have lop sided LOT SIZES and I'm trying put these suckers in LIMBO ??????

EDIT: My thought was to just CLOSE the x2 lot size trade when it gets back to BE or -1 pip or something and then just have the 2 trades left and then for sure it's in LIMBO
  • #19,317
  • Jun 23, 2017 12:37am Jun 23, 2017 12:37am
Quoting lemercenaire
{quote} You didn't play that range, did you? That'll whip the skin off your back big-time.
lol i did! stupid i know.

need to become more selective.

gave an account of my war story a page or two back lol

in the end i beat the german bastards
  • #19,318
  • Jun 23, 2017 12:39am Jun 23, 2017 12:39am
Quoting billytt
hmmmmmmmm, sitting here twiddling my thumbs wondering what to do next. {image}
How did you get that picture of me?
  • #19,319
  • Jun 23, 2017 12:41am Jun 23, 2017 12:41am
Quoting bojack34
{quote} Speaking of the 04-00 AU breaking LONG......I started running a demo account tonight with 5k just to get some experience before I put any money of any substance on LIVE......SO with that being said.......tonight being the first night i had a TP set at 5 pips and a second trade at+5 at x2 lot size for another 2.5 pips (that put me exactly on the quarter line so i wanted to compound and go for less pips)...........BUT.......when price reached just shy of the next trigger.....it triggered anyway because of spread i'm sure......but now I have...
That's why I prefer going in manually if I can.
  • #19,320
  • Jun 23, 2017 12:44am Jun 23, 2017 12:44am
Quoting bojack34
ok Bill ONE MORE counter question for ya....lol....... when we put in our counter on the opposite trigger and we put in a x2 lot size on the first trade going for +5 and the second trade has regular lot size going for +10,+20, Daily Range etc..............NOW........our trade reverses again..........at this point we have 1 LOT on the original trade and 3 LOTS in the second trade (2 trades)................now when price reverses and this is when we just put things in limbo and wait for our next trigger...........what is throwing me off is we have...
Attached Image


we have 3 trades, 2 in limbo and one not. that needs to be countered. wait for next trigger. we need to see where the Daily range is. and we need a decent trigger perhaps the next day.
That is why we need the bank roll to carry the counters, you will slowly get the loss back with future trades.
example, 1st trade might be -30 at counter , 2nd trade might be - 30 at counter,, total -60 but it is in limbo.
we are now looking for the +20 and daily range trades to recoup. PLUS we might be %%% up from previous trades
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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