Attachments: Billytt Die happy trading e/j daily breakout

Billytt Die happy trading e/j daily breakout

#19,721
Jun 30, 2017 8:02am Jun 30, 2017 8:02am

turnip15
Joined Sep 2006 | Status: Trader | 10,702 Posts

Quoting billytt

Disliked

{quote} Is timmy , Mr Joe Random?

Ignored

Youtube is full of videos of people with flash cars advertising instant riches. Few realise that the flash car is bought courtesy of the scam victims cash. The scammer plays to the victims innate greed. And greed overrides rational thought (assuming the victim is of average intelligence in the first place.)

every Saint has a past. Every Sinner has a Future

#19,722
Jun 30, 2017 8:03am Jun 30, 2017 8:03am

bojack34
Joined Mar 2017 | Status: Trader | 2,054 Posts

Quoting billytt

Disliked

{quote} you are smart. A trade off a fail has greater probability of making the Daily Range than a straight break. (straight break has excellent prob too but not quite as good). Trouble is we do not know how far we are off the Daily Range, it could be a few points or like today almost 70. It might not make 70, But it will probably make 20 which it did . Next week i will double 400 off a fail, i might split it into 2 trades so instead of going for range i go for 20 but NO, go for 10 with 2 lots. OR like...

Ignored

Can you please tell my wife this?

#19,723
Jun 30, 2017 8:03am Jun 30, 2017 8:03am

turnip15
Joined Sep 2006 | Status: Trader | 10,702 Posts

Have a good weekend all - someone needs feeding.

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every Saint has a past. Every Sinner has a Future

#19,724
Jun 30, 2017 8:03am Jun 30, 2017 8:03am

bojack34
Joined Mar 2017 | Status: Trader | 2,054 Posts

Quoting turnip15

Disliked

Have a good weekend all - someone needs feeding. {image}

Ignored

Have a good weekend Mr. T!

#19,725
Jun 30, 2017 8:03am Jun 30, 2017 8:03am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting bojack34

Disliked

{quote} I know from the retrace stats that I agree with what you say, except I'm not a good enough trader yet to be able to retire of off that....not yet. My retrace stats were very good that is why i was considering trading both triggers everyday even if I get my +5 at first. I am just afraid of over exposure....the high %% stats are hard to pass up though. I also now know why you root on a FAIL sometimes...haha. Who in their right mind ROOTS on a FAIL...hhahaa....only a man with 3 losses in a whole year! THanks for that info billy!

Ignored

4 losses this year, 3 last and 3 year before..
what was that old saying ,,, would you take 1 million $$$ now or would you prefer to get a chess board with 64 squares and starting off with 1 dollar double up 64 times.???? Forget about having the money in your hands and risk..

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#19,726
Jun 30, 2017 8:05am Jun 30, 2017 8:05am

bojack34
Joined Mar 2017 | Status: Trader | 2,054 Posts

Quoting billytt

Disliked

{quote} 4 losses this year, 3 last and 3 year before.. what was that old saying ,,, would you take 1 million $$$ now or would you prefer to get a chess board with 64 squares and starting off with 1 dollar double up 64 times.???? Forget about having the money in your hands and risk..

Ignored

Now that I know the power of compounding, give me the chess board all day long!

#19,727
Jun 30, 2017 8:06am Jun 30, 2017 8:06am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting turnip15

Disliked

{quote} Youtube is full of videos of people with flash cars advertising instant riches. Few realise that the flash car is bought courtesy of the scam victims cash. The scammer plays to the victims innate greed. And greed overrides rational thought (assuming the victim is of average intelligence in the first place.)

Ignored

correct, if you cannot trade sell trade method or write books. I wont have to buy my Lady a flash car as she has one already and i have my pride and joy motor bike D plate but not much will catch it brrrrrrrrrrrrrrrrrrrrrrrrrrrrm

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#19,728
Jun 30, 2017 8:08am Jun 30, 2017 8:08am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting bojack34

Disliked

{quote} Now that I know the power of compounding, give me the chess board all day long!

Ignored

you need the method with the stats.
If you dont want to double 100% ease off a bit, but remember the more you trade the more chance you have of losing.

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#19,729
Jun 30, 2017 8:13am Jun 30, 2017 8:13am

bojack34
Joined Mar 2017 | Status: Trader | 2,054 Posts

Quoting billytt

Disliked

{quote} you need the method with the stats. If you dont want to double 100% ease off a bit, but remember the more you trade the more chance you have of losing.

Ignored

I will definately keep over exposure in mind everyday but trading both triggers is going to hard to avoid at such a high %..lol. I'm really glad you introduced AU to me as well. It moves at the perfect speed for me and is apparently the most predictable of all the pairs and typically reacts to "obstacles" fairly consistanly i guess you could say........it sounds like it's the easiest of all pairs to trade for beginners like myself.

EDIT: My intentions are to ONLY trad AU and trade it on 04-00 break and the WH and DZ if i decide to trade them that day. I figured as a newbie trader learning the ins and outs of ONE PAIR first is probably smart....then I can move onto another pair and do the same with it. I would assume that 2 would pairs would be plenty.

#19,730
Jun 30, 2017 8:30am Jun 30, 2017 8:30am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

[quote=bojack34;10039581]{quote} I will definately keep over exposure in mind everyday but trading both triggers is going to hard to avoid at such a high %..lol. I'm really glad you introduced AU to me as well. It moves at the perfect speed for me and is apparently the most predictable of all the pairs and typically reacts to "obstacle

trade one pair at a time,
I too like A/U as it is more sedate most of the time,
The daily range is a lot less too,at the moment just over 50....
If you want to coumpound with gusto it has to be Cable or E/J

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#19,731
Jun 30, 2017 8:44am Jun 30, 2017 8:44am

bojack34
Joined Mar 2017 | Status: Trader | 2,054 Posts

THanks billy for you time and your knowledge! I will talk to you guys next week and remember Tuesday is a USD holiday....beware! Have a good weekend to all!!!!

#19,732
Jun 30, 2017 9:36am Jun 30, 2017 9:36am

Pipradar
Joined Dec 2016 | Status: Trader | 1,408 Posts

Enjoy the weekend Mr B, see you soon. Pip.

#19,733
Jun 30, 2017 12:14pm Jun 30, 2017 12:14pm

StudyFX
| Joined Feb 2016 | Status: Trader | 145 Posts

Last trade of the week! Have a great weekend guys.

EURGBP FB +4.7 pips (-12.4+5.4+11.7)
Bought at FB high. Coutered at FB mid. Closed the buy and added a sell at FB low. Aimed for 5 pips below FB low. TP was hit.

EURGBP M5

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#19,734
Jun 30, 2017 1:30pm Jun 30, 2017 1:30pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting turnip15

Disliked

{quote} Cable "Billy Bar" 4am -nice short of lower wick . Lem - maybe you could have played wick zones into (up) body and (short) out of wick zone ? {image}

Ignored

Without going down into the lower tfs to check for sure, yes it looks like you could.

#19,735
Jun 30, 2017 1:41pm Jun 30, 2017 1:41pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting turnip15

Disliked

{quote} Youtube is full of videos of people with flash cars advertising instant riches. Few realise that the flash car is bought courtesy of the scam victims cash. The scammer plays to the victims innate greed. And greed overrides rational thought (assuming the victim is of average intelligence in the first place.)

Ignored

An oldie but a goodie...Always makes me laugh.

Most definitely NSFW!!!

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#19,736
Jun 30, 2017 1:45pm Jun 30, 2017 1:45pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Hi Tom. I see you are here lately. Hope all's well with you.

#19,737
Jun 30, 2017 1:53pm Jun 30, 2017 1:53pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

As expected, I didn't trade after this am. However, as always, here's my as-honest-as-I-can-get-after-the-fact look over The Dead Zone.

It looks like a pretty straight up choice between NU, UJ, GJ and one of my Wild Bunch, the UK100 (feel free to ignore that one, as i don't post it here).

NZDUSD

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