Billytt Die happy trading e/j daily breakout | Page 981 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,601
  • Edited 3:50am Jun 29, 2017 2:23am | Edited 3:50am
Quoting billytt
{quote} do you have stats for quarter line?
I'm sorry I don't but I will start taking them.....LOL. It's just one of the theories I have "read" about in my short trading career and it's something Claudia uses as well in a round about way (not exactly)......I just know they have some "substance" especially the 00 lines.....thats when "they" are trying to make a 100 pip range transition.
  • #19,602
  • Jun 29, 2017 2:27am Jun 29, 2017 2:27am
Quoting billytt
{quote} would it not be better having 2 lots on the first trade, close 1 at + 5 and let the second run
Can I wait 30 minutes, then look at the chart, then tell you? LOL.....I like your option better because there was less obstacles at the beginning of the +5...........so i guess in the future if there is ever a situation where I feel comfortable for the +5 but not as much as the 2nd +5......then instead of doubling up and going for less pips on the 2nd trade I will just put in 2 trades immediately and just let the 2nd run....just incase....since we have no clue where price is "really" going.
  • #19,603
  • Jun 29, 2017 2:32am Jun 29, 2017 2:32am
Quoting Piphunter00
{quote} or could do a Hal over at 1-2-3. take 80% off at +5 let it run. could even counter the remaining amount and build it into a bigger position for chasing the daily range on the other end if it doesnt run all the way on the OG
yes indeed, i think i may of read Bo's post wrong.... I sort of trade my way and expect everyone else to do the same lol..

I just want cable to reverse and short off the 04-00 low and hunt the adr... PURE GREED, but i will get out quick if need be. IF IT HAPPENS..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,604
  • Jun 29, 2017 2:33am Jun 29, 2017 2:33am
Quoting bojack34
{quote} Can I wait 30 minutes, then look at the chart, then tell you? LOL.....I like your option better because there was less obstacles at the beginning of the +5...........so i guess in the future if there is ever a situation where I feel comfortable for the +5 but not as much as the 2nd +5......then instead of doubling up and going for less pips on the 2nd trade I will just put in 2 trades immediately and just let the 2nd run....just incase....since
we have no clue where price is "really" going.
Pip did a good post just after yours
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,605
  • Jun 29, 2017 2:36am Jun 29, 2017 2:36am
Quoting Piphunter00
{quote} or could do a Hal over at 1-2-3. take 80% off at +5 let it run. could even counter the remaining amount and build it into a bigger position for chasing the daily range on the other end if it doesnt run all the way on the OG
I don't know how to take 80% of a trade and let the rest go yet....haha.....i'm still new guys...i'm tring to cram everything in my pea brain at once. I do how ever need to learn how to do that. Thanks PH
  • #19,606
  • Jun 29, 2017 2:38am Jun 29, 2017 2:38am
Quoting bojack34
{quote} I don't know how to take 80% of a trade and let the rest go yet....haha.....i'm still new guys...i'm tring to cram everything in my pea brain at once. I do how ever need to learn how to do that. Thanks PH
right click on your position and modify it. change where it says Volume to 80% of your position or however much you wana take off then click close.

or just split the position. enter 80% and 20% of your total lot seperately
  • #19,607
  • Jun 29, 2017 2:39am Jun 29, 2017 2:39am
Either way I'm happy with my results!
  • #19,608
  • Jun 29, 2017 2:40am Jun 29, 2017 2:40am
Quoting billytt
{quote} yes indeed, i think i may of read Bo's post wrong.... I sort of trade my way and expect everyone else to do the same lol.. I just want cable to reverse and short off the 04-00 low and hunt the adr... PURE GREED, but i will get out quick if need be. IF IT HAPPENS..
Was adding lot size and going for less pips after +5 was already achieved a bad idea? Negative EV? (in poker terms..lol)
  • #19,609
  • Jun 29, 2017 2:42am Jun 29, 2017 2:42am
Quoting Piphunter00
{quote} right click on your position and modify it. change where it says Volume to 80% of your position or however much you wana take off then click close. or just split the position. enter 80% and 20% of your total lot seperately
do you have to do all that manually LIVE or can you set up a specific price where you want 80% profit to be taken and the other 20% to let ride????
  • #19,610
  • Jun 29, 2017 2:43am Jun 29, 2017 2:43am
Quoting bojack34
{quote} do you have to do all that manually LIVE or can you set up a specific price where you want 80% profit to be taken and the other 20% to let ride????
na lol if only! metatrader aint that good lol

best option will probably be to split it. so then you can jus TP the 80% and have a TP for the smaller lot a lot further and then just wait it out
  • #19,611
  • Jun 29, 2017 2:50am Jun 29, 2017 2:50am
Morning all.

Dax did its thing, though I blinked and missed the exact entry, so ended up taking +4%, not +5%. Just as well I did, as it reversed. If I had held out for +5% and gone negative on the turn, I could have cleared that by trading the reverse above the high of the last 5 min candle (07.55) but I was happy enough with what I got.

DAX 06:00 - 08:00
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Click to Enlarge Name: InkedDAX 06.00 - 08.00 June 29th 17_LI.jpg Size: 850 KB


As noted above by Billy and BO (the new all-singing, all-dancing double act lighting up Broadway ), AU got its +5% as well. I let that go, due to my not seeing a whole lot of room above and took the F40 instead. No worries there and that gave me that +5% on top of the DAX-Monster's pips. It's still dropping as I write this...sweet.

FranceCash40 04:00 - 08:00
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  • #19,612
  • Jun 29, 2017 2:52am Jun 29, 2017 2:52am
Quoting bojack34
{quote} do you have to do all that manually LIVE or can you set up a specific price where you want 80% profit to be taken and the other 20% to let ride????
There are trade managers on here that will do that for you.
  • #19,613
  • Jun 29, 2017 2:54am Jun 29, 2017 2:54am
Quoting bojack34
{quote} Was adding lot size and going for less pips after +5 was already achieved a bad idea? Negative EV? (in poker terms..lol)
If your trade is based off getting + 10, i wouldn't try doubling after + 5.you need the original trigger entry.
I compound off the 07-45 but i am using a different set of stats.
If you want to double up/compound do as Pip suggests and which i do at times.
Wait for the other end to trigger then look for the ADR if you have a good 20 to hunt you can smash it to pieces very quickly.
OBVIOUSLY IT CAN FAIL but we get the edge
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,614
  • Jun 29, 2017 2:55am Jun 29, 2017 2:55am
Quoting lemercenaire
{quote} There are trade managers on here that will do that for you.
I'll have to look into those.........add that to the list of "things to learn" lol
  • #19,615
  • Jun 29, 2017 2:56am Jun 29, 2017 2:56am
Update on the F40...

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  • #19,616
  • Jun 29, 2017 2:57am Jun 29, 2017 2:57am
Quoting billytt
{quote} If your trade is based off getting + 10, i wouldn't try doubling after + 5.you need the original trigger entry. I compound off the 07-45 but i am using a different set of stats. If you want to double up/compound do as Pip suggests and which i do at times. Wait for the other end to trigger then look for the ADR if you have a good 20 to hunt you can smash it to pieces very quickly. OBVIOUSLY IT CAN FAIL but we get the edge
Got it! Puting in my RULES right now......ONLY +5 on Original Trigger..........and then either get a few %% on the retrace.....OR........wait until the Opposite Trigger and go for the Daily Range!!! Thanks Bill and PH!
  • #19,617
  • Jun 29, 2017 2:59am Jun 29, 2017 2:59am
Quoting lemercenaire
Update on the F40... {image}
  • #19,618
  • Jun 29, 2017 2:59am Jun 29, 2017 2:59am
As Lem said, dax was good, my 07-55 colour trade would of got an easy 10 which i dint look at until now, i am not really watching it anymore. E/J 04-00 break was good off the High +10 +.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,619
  • Jun 29, 2017 3:03am Jun 29, 2017 3:03am
Quoting bojack34
{quote} Got it! Puting in my RULES right now......ONLY +5 on Original Trigger..........and then either get a few %% on the retrace.....OR........wait until the Opposite Trigger and go for the Daily Range!!! Thanks Bill and PH!
yes, it is that easy, yeah right.
If 04-00 triggers and doesn't make +10 , you can trade off the retrace if you want.

OR you can just trade off the retrace if it happens and not the original trigger.
If first trigger fails you have a very very good probability of making ADR off the other end.
If original triggers and makes + 10 and then retraces you can still get the ADR off the other end but different probability stats
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,620
  • Jun 29, 2017 3:09am Jun 29, 2017 3:09am
Quoting billytt
{quote} yes, it is that easy, yeah right. If 04-00 triggers and doesn't make +10 , you can trade off the retrace if you want. OR you can just trade off the retrace if it happens and not the original trigger. If first trigger fails you have a very very good probability of making ADR off the other end. If original triggers and makes + 10 and then retraces you can still get the ADR off the other end but different probability stats
I didn't mean that it was easy....just trying to come up with a "game plan" or a set of "rules" that I can trade by........some sort of "guidelines" or "parameters" to trade within. Doing my best!
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