Billytt Die happy trading e/j daily breakout | Page 1012 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,221
  • Jul 19, 2017 3:14am Jul 19, 2017 3:14am
[quote=billytt;10099677]
Quoting bojack34
{quote} BAMM!! Picked up 20 more pips at 2x Lot Size on Counter Trade on Cable. I put in 2 trades at 2x Lot size with a 10 pip TP.....20 total pips at 2x Lot Size. I also picked up 10 pips on the way down. The reason i said i wasn't sure about trading on the way down... Forget it is Cable, Remember i say we can trade the retrace, that would of been going against that philosophy/method. You cannot mix it as that is leading to luck. I say this constructively. edit, and forget how Claudia trades, totally different method
Does this mean you would then only trade the second break of the 4H after a retrace
  • #20,222
  • Jul 19, 2017 3:19am Jul 19, 2017 3:19am
Quoting billytt
{quote} Hi Bo, good to see you. t 08-35. cable High was broken and is now on a retrace, I wont it to keep going down.That would be ideal scenario. My 20 day adr is 93, dont forget i base todays range off last week + 3 weeks, not Sunday figure.
Does this mean you take the Average for the Last 3 weeks ADR No Sunday.....and then take the Last Week Average ADR No Sunday and add them together? L3 Ave + L1
  • #20,223
  • Jul 19, 2017 3:20am Jul 19, 2017 3:20am
[quote=Pipradar;10099692]
Quoting billytt
{quote} Does this mean you would then only trade the second break of the 4H after a retrace
Yes exactly. I was going to ONLY trade the 04-00 AU Break but billy's % are too good to pass up on the Counter Trades on GU......so I ONLY trade the Counters. I just PRAY REALLY HARD for a fail of +10 on the Original Break....LOL. This is where I am going Compound my winning from my 04-00 AU Break. I am also going to trade the retrace trades on Cable after I get better at them. Obv I was a bad boy today...lol
  • #20,224
  • Jul 19, 2017 3:23am Jul 19, 2017 3:23am
Quoting bojack34
{quote} Yeah, I had that naughty feeling when I was doing it....hhaha. Glad it worked out.....I'll live and learn...txs Billy!
If you want to add a little weight to any decision like that one, you could consider adding the DAILY WZ over the top of it and only act on that info (having said that, looking at today, it would have been a no-go to trade on the way back down). The reasoning behind my suggesting this, is that we DO have full KING RAT stats on how the price reacts out of the DAILY, whereas the H4 and H1 are my own offshoots. I know you've got that indi, so should be a breeze to do.
  • #20,225
  • Jul 19, 2017 3:27am Jul 19, 2017 3:27am
E/J Low broke for +10, Not traded by me...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,226
  • Jul 19, 2017 3:29am Jul 19, 2017 3:29am
Quoting lemercenaire
{quote} If you want to add a little weight to any decision like that one, you could consider adding the DAILY WZ over the top of it and only act on that info (having said that, looking at today, it would have been a no-go to trade on the way back down). The reasoning behind my suggesting this, is that we DO have full KING RAT stats on how the price reacts out of the DAILY, whereas the H4 and H1 are my own offshoots. I know you've got that indi, so should be a breeze to do.
I'm going to have to load up that indi and try to visualize what you just said. I'm a little rusty with my alien nation stuff. I just remember that I am a Red Rat!
  • #20,227
  • Jul 19, 2017 3:31am Jul 19, 2017 3:31am
[quote=bojack34;10099699]
Quoting Pipradar
{quote} Yes exactly. I was going to ONLY trade the 04-00 AU Break but billy's % are too good to pass up on the Counter Trades on GU......so I ONLY trade the Counters. I just PRAY REALLY HARD for a fail of +10 on the Original Break....LOL. This is where I am going Compound my winning from my 04-00 AU Break. I am also going to trade the retrace trades on Cable after I get better at them. Obv I was a bad boy today...lol
Thanks Bo ... all clear now have a good day
  • #20,228
  • Jul 19, 2017 3:31am Jul 19, 2017 3:31am
Quoting StudyFX
GBPUSD 7-00 H1 +15.7 pips (-17.7+20.9+12.5) Bought at the high. Countered at the mid. Closed the buy and added a sell at the low. Aimed for more than +5 based on fibs and S+D. GBPUSD M5 {image}
I'd been thinking about your 07:00 Break here and how it may work on my France40. The H4 on the F40 works really well and maybe it's not needing any tinkering but having looked at the H1 07:00, there is definitely something there as an option.

Today on H4 04:00-08:00 variant...
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On the H1 07:00 as comparison...
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  • #20,229
  • Jul 19, 2017 3:34am Jul 19, 2017 3:34am
[quote=bojack34;10099699]
Quoting Pipradar
{quote} Yes exactly. I was going to ONLY trade the 04-00 AU Break but billy's % are too good to pass up on the Counter Trades on GU......so I ONLY trade the Counters. I just PRAY REALLY HARD for a fail of +10 on the Original Break....LOL. This is where I am going Compound my winning from my 04-00 AU Break. I am also going to trade the retrace trades on Cable after I get better at them. Obv I was a bad boy today...lol
I dislike going Long on cable lol, i have done but when it comes to Compound i am more selective.
IT CAN FAIL THOUGH,
I like to say, if you don't trade you don't fail. If you have excellent odds of getting 20 go for 10 or even 5, we need the edge.
ONLY TROUBLE, better the edge the more bank we need, but we can build the bank over time if needed.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,230
  • Jul 19, 2017 3:37am Jul 19, 2017 3:37am
[quote=billytt;10099758]
Quoting bojack34
{quote} I dislike going Long on cable lol, i have done but when it comes to Compound i am more selective. IT CAN FAIL THOUGH, I like to say, if you don't trade you don't fail. If you have excellent odds of getting 20 go for 10 or even 5, we need the edge. ONLY TROUBLE, better the edge the more bank we need, but we can build the bank over time if needed.
Just keep on selling.
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  • #20,231
  • Jul 19, 2017 3:39am Jul 19, 2017 3:39am
[quote=billytt;10099677]
Quoting bojack34
{quote} BAMM!! Picked up 20 more pips at 2x Lot Size on Counter Trade on Cable. I put in 2 trades at 2x Lot size with a 10 pip TP.....20 total pips at 2x Lot Size. I also picked up 10 pips on the way down. The reason i said i wasn't sure about trading on the way down... Forget it is Cable, Remember i say we can trade the retrace, that would of been going against that philosophy/method. You cannot mix it as that is leading to luck. I say this constructively. edit, and forget how Claudia trades, totally different method
Absolutely right, Billy.

This is why I will not trade Wick-Zone on the AU 04:00 method, as all of your stats are based around doing it your way. Why would I fight against and even throw away all that golden work? Nah...

What I'm getting at is that one-size-doesn't-fit-all .
  • #20,232
  • Jul 19, 2017 3:40am Jul 19, 2017 3:40am
[quote=billytt;10099758]
Quoting bojack34
{quote} I dislike going Long on cable lol, i have done but when it comes to Compound i am more selective. IT CAN FAIL THOUGH, I like to say, if you don't trade you don't fail. If you have excellent odds of getting 20 go for 10 or even 5, we need the edge. ONLY TROUBLE, better the edge the more bank we need, but we can build the bank over time if needed.
NOTE TAKEN!! ONLY Compound on Cable if the Upper Trigger is a FAIL....ONLY TRADE the Lower Trigger for my Compound Trades.....
  • #20,233
  • Edited 4:08am Jul 19, 2017 3:46am | Edited 4:08am
i remember several years ago i was banned in a room,
Everyone loved the guru who owned the thread, the sun shone from his ass (pardon the expression) and he shouted out E/U sell sell sell.
which they did, anyway cut story short, a lot of people lost a lot of money, many of whom don't trade anymore


edit, this post was meant to be added to a BO post
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,234
  • Jul 19, 2017 3:48am Jul 19, 2017 3:48am
[quote=bojack34;10099777]
Quoting billytt
{quote} NOTE TAKEN!! ONLY Compound on Cable if the Upper Trigger is a FAIL....ONLY TRADE the Lower Trigger for my Compound Trades.....
if the low fails you can still long, we have the stats. It is a personal thing with me. Plus you have to be smart for when the big boys are playing , killing off the little traders...Look how many fail??? why?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,235
  • Jul 19, 2017 3:53am Jul 19, 2017 3:53am
Quoting bojack34
{quote} I'm going to have to load up that indi and try to visualize what you just said. I'm a little rusty with my alien nation stuff. I just remember that I am a Red Rat!
It may even be easier - and certainly cleaner and less cluttered and distracting on your screen - to add it yourself...

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  • #20,236
  • Jul 19, 2017 4:28am Jul 19, 2017 4:28am
[quote=billytt;10099806]
Quoting bojack34
{quote} if the low fails you can still long, we have the stats. It is a personal thing with me. Plus you have to be smart for when the big boys are playing , killing off the little traders...Look how many fail??? why?
For all of you
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trying to make everyday the best risk/reward decisions possible
  • #20,237
  • Jul 19, 2017 4:46am Jul 19, 2017 4:46am
Cable really bounced off that Daily Open line. I've noticed that happening a lot. I should probably figure out how to take some stats on that! WWBD? I hope you got that short Claudia. I know it's not near the Open or the Close of any market......but maybe there's a chance.
  • #20,238
  • Jul 19, 2017 6:54am Jul 19, 2017 6:54am
Quoting bojack34
Cable really bounced off that Daily Open line. I've noticed that happening a lot. I should probably figure out how to take some stats on that! WWBD? I hope you got that short Claudia. I know it's not near the Open or the Close of any market......but maybe there's a chance.
No was away from pc. Can't win them all.
  • #20,239
  • Edited 5:18pm Jul 19, 2017 6:57am | Edited 5:18pm
Dead Zone is looking a bit, well...dead...

Best and most likeliest option is looking to be GN on any bounce back up...
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Secondary interest could come from GJ, though as a later entry...
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Finally, the DAX could also come into play if it decides a bounce is a good idea...
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(AN was possible - but the range is so small and price action is a bit hookie. I dunno...)
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We'll see. Back later.
  • #20,240
  • Jul 19, 2017 7:41am Jul 19, 2017 7:41am
News trading - not always a good idea but took a small return.
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