Billytt Die happy trading e/j daily breakout

Thanks BO, THAT's me by the way all the best.

Billy's Afternoon Delight done WZ-style. Short flight into the body. All good.

15:00 Billy-Bar +5%

Damn I forgot about that little Gem!! Very Nice Lem!!!

Oh, btw......congrats on trading the correct bar today!

Found this ...not sure if this is helpful for anyone here....

Just traded fix today wasn't easy. Target for week hit time for wine.

Nice last trade, way to end the week in style!

Thanks just got lucky !

We know.

Evenin' all.

My two from the day's play down in The Dead Zone. The surfing was good...

The Dead Zone across the pairs for the day...

EURJPY


USDCAD


AUDUSD


USDNOK


GBPNZD

AUDNZD


GBPUSD


CADJPY


NZDUSD


NZDJPY

XAUUSD


USDJPY


GBPJPY


GER30


OILUSD

All done - seems like everyone else is off doing other stuff - so I will follow suit. Catch y'all tomorrow.

I took my biggest lost ever since I joined Billy's thread. I'm too embarrassed to even show my chart so I hope you guys understand. I still want to talk about it and give myself a lesson. My biggest mistake was not being aware of high impact news before entering a trade. I also did not take a small loss even when I found out about Crude Oil and FOMC coming up. I knew it would be more likely for price to keep whipping and ranging until the news, but I just kept trading. I was being stubborn. I shouldn't have traded USDCAD WH knowing that Crude Oil news was coming up and FOMC after that. After a whole lot of whipping, I decided to leave the trade in limbo. I basically lost a whole month's worth of profit. It whipped like crazy. After some thought, I closed the limbo and decided to start again with a clear mind rather than try to recover my losses quickly. I might get into a worse situation if I'm in revenge trading mode. I'll be more picky with which pairs to trade and avoid pairs that have high impact news coming up. Also, I'm thinking maybe I should only trade ranges of 8 pips and above. My worst trades were mostly ranges that were smaller than 8 pips. They tend to whip more. Anyway, it's a sad sad day for me. Hopefully, I'll get my groove on again soon. Hope everyone is trading well.

Sorry to hear this SFX, This has happened to me in the past, and more than likely to most Traders at some time or other.You have answered where you believe you things went wrong for you, and this is a good thing. The only thing I would now have done different if I found my self with limbo trade locked is to keep it locked and walk away and go do something to take me away from trading at that time. Stay away until the Head feeling goes away, then when I am back to myself go back to trading and start Damage Repair trading the way I was doing before I got Personal with the Market. Other traders may have a different way , hope it helps and green pips to you.

After yesterday's double fail on 04-00 break with AU........today would have been a good day to get back some of or all of your... bad double fail "Limbo" trade from the day prior. You could have maybe even went with a 2x lot size on the original trigger break....it was an easy +5.

EDIT: I almost chose NOT to trade AU today because the Modest ADR has already been reached but since it was the lower trigger being broke and price was turning back in towards the daily open and not an upper trigger where price would have to set a new daily high in order to get pips (our upper trigger IS our Current Daily High).....with all that being accounted for, I chose to go ahead with the trade and short the break of the lower trigger. As billy would say....yaaaaaaay

Before:


After:

t 08-15...
E/U Low broke for +7 (pre spread) then a retrace, This was enough to get 5 points like yesterday,
BUTi did not trade it, Range was 50 and it opened almost as it closed last bar....
Cable next...

[quote=bojack34;10127243]After yesterday's double fail on 04-00 break with AU........today would have been a good day to get back some of or all of your... bad double fail "Limbo" trade from the day prior. You could have maybe

yesterday??? you mean Wed 26th.... A/U High broke and kept going..