Billytt Die happy trading e/j daily breakout | Page 972 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,421
  • Jun 27, 2017 4:48am Jun 27, 2017 4:48am
Quoting claudia1
{quote} Never been a U2 fan but love the song and Bruce is great. Streets of Phili and all that stuff
i really liked U2 when they first started, raw and new but Bono started getting smart and gobby and i went off them lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,422
  • Jun 27, 2017 4:50am Jun 27, 2017 4:50am
Quoting lemercenaire
{quote} Just draw a random horizontal line on a chart and trade it - seemples!
i knew a guy who could do that many moons ago.no idea what became of him lol.
actually i lost his contact details
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,423
  • Jun 27, 2017 4:52am Jun 27, 2017 4:52am
Quoting lemercenaire
{quote} Did he wear his fly-eye glasses, Billy?
tell you the truth Lem, i honestly cannot remember. I think if he had i would of remembered
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,424
  • Jun 27, 2017 4:55am Jun 27, 2017 4:55am
Quoting claudia1
http://www.dailymail.co.uk/money/mar...piralling.html
flash crash lol, don't you just love technology
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,425
  • Jun 27, 2017 4:57am Jun 27, 2017 4:57am
Done deliberately - bet his wife had a bet on somewhere.
  • #19,426
  • Jun 27, 2017 5:00am Jun 27, 2017 5:00am
Trading, Both Cable and A/U 07-45 trades were good which i did not trade due to hitting the 1 point hard method.

Maybe i shall call this the Spanish Method, or Spanish Ole' Method. Or Crazy Spaniard Way.

Anyway both Cable and A/U went in long , not sure about anything else as i have not looked.
Got 8%, happy bunny now off to throw weights around in my gym.
Actually not a gym but a bench and lots of weights in my garage lol.

first i warm up fore i hit the big weights yaaaaaaay
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,427
  • Jun 27, 2017 5:04am Jun 27, 2017 5:04am
Quoting claudia1
Done deliberately - bet his wife had a bet on somewhere.
yes indeed, the old stock traders used to do it, sell everything then buy it back very very cheap then wooooompf up it goes,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,428
  • Jun 27, 2017 6:02am Jun 27, 2017 6:02am
Quoting Piphunter00
had to counter 4am E/G. battered the other end with double lots. covered pretty much of all of my loss. holding this one in limbo till im ahead billy style f*%& yeah! only something meager like -0.3% but im not eating it! not happening lol. need to get my balls to a steel level 10 so i can hold on for the win ultimately. though ill be saying phew! if the modest daily range gets made on the other end instead lol and at the same time ill be hating if i could have walked away a chuffed ol chappy. the trade offs of trading eh! EDIT: PHEWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW...
lol, nice one bud. stand firm
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,429
  • Edited 6:18am Jun 27, 2017 6:05am | Edited 6:18am
Quoting billytt
Trading, Both Cable and A/U 07-45 trades were good which i did not trade due to hitting the 1 point hard method. Maybe i shall call this the Spanish Method, or Spanish Ole' Method. Or Crazy Spaniard Way. Anyway both Cable and A/U went in long , not sure about anything else as i have not looked. Got 8%, happy bunny now off to throw weights around in my gym. Actually not a gym but a bench and lots of weights in my garage lol. first i warm up fore i hit the big weights yaaaaaaay {image}
it appears that 8% is going to be the norm with the 1 pip crazy spaniard way (CSW). Who needs 5 pips anyway? lol

EDIT: or maybe the SM1 "spanish method" 1 pip..........or SM2 since your getting in 1 pip early
  • #19,430
  • Jun 27, 2017 6:34am Jun 27, 2017 6:34am
Quoting bojack34
{quote} it appears that 8% is going to be the norm with the 1 pip crazy spaniard way (CSW). Who needs 5 pips anyway? lol EDIT: or maybe the SM1 "spanish method" 1 pip..........or SM2 since your getting in 1 pip early
Hi, i am testing it.
I normally trade daily looking for 5% (5 points) that is enough to pay utility bills and get shopping etc.
With new method i look for 1 point and double my lot size, because i then use 2 pairs (trade 2 times) i also enter 1 point before actual trigger.
This has many possibilities...
so far so good

edit, i trade daily meaning i trade every day not THE DAILY
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,431
  • Jun 27, 2017 6:38am Jun 27, 2017 6:38am
Quoting bojack34
{quote} it appears that 8% is going to be the norm with the 1 pip crazy spaniard way (CSW). Who needs 5 pips anyway? lol EDIT: or maybe the SM1 "spanish method" 1 pip..........or SM2 since your getting in 1 pip early

did you look at the ADR post Claudia posted.
That is very useful and i speak of fails/breaks and daiyl range quite often.
My stats are very similar plus i use others.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,432
  • Jun 27, 2017 6:39am Jun 27, 2017 6:39am
Quoting billytt
{quote} Hi, i am testing it. I normally trade daily looking for 5% (5 points) that is enough to pay utility bills and get shopping etc. With new method i look for 1 point and double my lot size, because i then use 2 pairs (trade 2 times) i also enter 1 point before actual trigger. This has many possibilities... so far so good edit, i trade daily meaning i trade every day not THE DAILY
have you decided what is a too big of range on each pair to trade with the 1 pip strategy since the Lot Size is bigger?
  • #19,433
  • Jun 27, 2017 6:41am Jun 27, 2017 6:41am
Quoting billytt
{quote} did you look at the ADR post Claudia posted. That is very useful and i speak of fails/breaks and daiyl range quite often. My stats are very similar plus i use others.
Yes I read it, and I will probably read it a few more times to make sure I understand everything correctly. And i'll prolly add some notes to my 04-00 notebook. I work on the weekends and Monday so I'm just now getting home and looking at things more. I have a NEW TOY to get stats....i hope it works the way i want it to. It will be interesting.
  • #19,434
  • Jun 27, 2017 6:48am Jun 27, 2017 6:48am
Quoting bojack34
{quote} have you decided what is a too big of range on each pair to trade with the 1 pip strategy since the Lot Size is bigger?
use the 04-00 range as you would with 04-00 break.
Still use retrace trades as the 04-00 break IF YOU WANT.
We will have losers on the SO'M but so far i have not traded any lol.
I will counter if and when plus dont forget i make more than i actually need so the extra can off set a loss.
That is standard with me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,435
  • Jun 27, 2017 6:50am Jun 27, 2017 6:50am
Quoting bojack34
{quote} Yes I read it, and I will probably read it a few more times to make sure I understand everything correctly. And i'll prolly add some notes to my 04-00 notebook. I work on the weekends and Monday so I'm just now getting home and looking at things more. I have a NEW TOY to get stats....i hope it works the way i want it to. It will be interesting.
I chase the Daily Range following a loss (other end trade).
Just look at the range and see how many you might gain , it isnt guaranteed but a damn good method to use.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,436
  • Jun 27, 2017 6:54am Jun 27, 2017 6:54am
Quoting billytt
{quote} use the 04-00 range as you would with 04-00 break. Still use retrace trades as the 04-00 break IF YOU WANT. We will have losers on the SO'M but so far i have not traded any lol. I will counter if and when plus dont forget i make more than i actually need so the extra can off set a loss. That is standard with me.
I see what you did there..lol You went with option #3....clever
  • #19,437
  • Jun 27, 2017 7:04am Jun 27, 2017 7:04am
Quoting billytt
{quote} I chase the Daily Range following a loss (other end trade). Just look at the range and see how many you might gain , it isnt guaranteed but a damn good method to use.
indeed. very powerful teaching of yours billy.

although the only caveat with chasing it is its hard to know in which order its gonna do things and not getting torn up in the process.

E/G looked like it was going to do fulfill the MDR to the low side very strongly. then all of a sudden the high break got assaulted in one candle and then vrroooooom! lol

if i was holding out for more on my counter+double i would of had to then treble up loool on that end

althought that would of led to some serious %%%%%%%% its hard to stick with that level of conviction after being torn up.

is there any form of stat you keep to track the permutations of how the day evolves bill?
  • #19,438
  • Jun 27, 2017 7:18am Jun 27, 2017 7:18am
Quoting Piphunter00
{quote} indeed. very powerful teaching of yours billy. although the only caveat with chasing it is its hard to know in which order its gonna do things and not getting torn up in the process. E/G looked like it was going to do fulfill the MDR to the low side very strongly. then all of a sudden the high break got assaulted in one candle and then vrroooooom! lol if i was holding out for more on my counter+double i would of had to then treble up loool on that end althought that would of led to some serious %%%%%%%% its hard to stick with that level...
Hi Pip, maybe i used wrong word when i say (chase). What you say i entirely agree with.

Example, If the 04-00 bar breaks low i have no idea how far it will drop but i do know it should make +5.
WILL IT MAKE DAILY RANGE LOW ???? I HAVE NO IDEA .....
If that low then fails and retraces up to break the 04-00 High, It has excellent probability to make the Daily Range High.
So if you see where the low is just add a modest range to it and aim for it. It might be 5 or maybe 30 odd who knows?.

THIS EXAMPLE IS KEPT VERY SIMPLE, YOU CAN ALWAYS LOOK FOR CLUES OR USE SOME STAT YOU HAVE STUDIED.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,439
  • Jun 27, 2017 7:25am Jun 27, 2017 7:25am
[quote=Piphunter00;10023662]{quote} indeed. very powerful teaching of yours billy. although the only caveat with chasing it is its hard to know in which order its gonna do things and not getting torn up in the process. E/G looked like it was going to do fulfill th

excellent example...
First ,,, low broke and it got + 5 but it didn't make the +10 for stats..IT FAILED
what did it do, it retraced and broke High for an obvious Daily High. i t doesnt matter how high it went/goes the point is it made High.
That was the easy part lol, i have no idea how high it will go but check the average daily range,
i do not know the stats as E/G is new to me lol yaaaaaaaaaaaaay
Attached Image

edit we may of had a retrace trade loss, not sure as i havent looked

edit 2 , dont forget to look at previous days daily high/low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,440
  • Jun 27, 2017 7:26am Jun 27, 2017 7:26am
Quoting Piphunter00
{quote} indeed. very powerful teaching of yours billy. although the only caveat with chasing it is its hard to know in which order its gonna do things and not getting torn up in the process. E/G looked like it was going to do fulfill the MDR to the low side very strongly. then all of a sudden the high break got assaulted in one candle and then vrroooooom! lol if i was holding out for more on my counter+double i would of had to then treble up loool on that end althought that would of led to some serious %%%%%%%% its hard to stick with that level...
i do have and they are too far over my head to use lol.
It is the sort of thing my Lady collated stats within stats, too technical for me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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