Billytt Die happy trading e/j daily breakout | Page 1035 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,681
  • Jul 28, 2017 5:12am Jul 28, 2017 5:12am
Quoting Pipradar
{quote} Hi BO, thanks for your input, what happend was I I I I screwed up on the break long which should have been 2x the low break , as you rightly say, my orders are default as last trade = derrrr, my fault , but as we know screw up and then get screwed trying to fix it,
It doesn't have to be 2x the low break at all. That's just an option...........I would LOVE to know what billy's thought on whether or not the Counter trade should have a 2x lot size. I know there are many options. You can just put in 1 trade the opposite direction and just put the og trade in limbo (straight forward). You can also put in 2 trades at the counter....one going for +5 and the other going for +10,+20, Daily Range..etc, .........another option is exactly like option #2 but the trade for +5 is 2x the og trade...........another option is you can put in 2 bets both going for +10.............but i'm almost positive that the 2nd trade no matter what, you need to secure those extra pips at all cost.
  • #20,682
  • Jul 28, 2017 5:14am Jul 28, 2017 5:14am
Quoting bojack34
{quote} You could have locked up those 10 pips from the extra bet and just kept the original trade in limbo until next week......or you could have put some sort of BE or trailing stop (billy wouldn't) on that 2nd trade also if you wanted. You want to try to lock up those extra pips on the 2nd trade if at all possible, then you still have the OG trade in limbo.....no harm no foul. At this point you can just put in another trade to put that extra lot in limbo also. Although it's best to wait for the Dean himself to answer this one. That was just my...
one short fail, one High break limbo and one high long if needed.

The High broke for + 10 then retrace. This could well be the Daily High, but trade the stats....
But dont start trading hoping to recover as we have next week etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,683
  • Jul 28, 2017 5:22am Jul 28, 2017 5:22am
Quoting bojack34
{quote} It doesn't have to be 2x the low break at all. That's just an option...........I would LOVE to know what billy's thought on whether or not the Counter trade should have a 2x lot size. I know there are many options. You can just put in 1 trade the opposite direction and just put the og trade in limbo (straight forward). You can also put in 2 trades at the counter....one going for +5 and the other going for +10,+20, Daily Range..etc, .........another option is exactly like option #2 but the trade for +5 is 2x the og trade...........another...
Thanks again BO, YOUR right, there are many options may be too many for me L.O.L. HA HA I like simple to be honest it seems to suit me ha ha and your right need to bite chunks back on the triggers. not sure if I should try today or wait for next week though mmm. Green pips to you Bud.
  • #20,684
  • Jul 28, 2017 5:24am Jul 28, 2017 5:24am
t 11-23
Cable adr with 80 range, that is my 5 day . 20 day is bigger
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,685
  • Jul 28, 2017 5:25am Jul 28, 2017 5:25am
Billytt. love your work,,, just 1 Q.. what sort of bank ((or back up bank )size would you recommend before you start doing counter and limbo deals .....
  • #20,686
  • Jul 28, 2017 5:28am Jul 28, 2017 5:28am
Quoting billytt
{quote} one short fail, one High break limbo and one high long if needed. The High broke for + 10 then retrace. This could well be the Daily High, but trade the stats.... But dont start trading hoping to recover as we have next week etc
Thanks Mr B, top't' morning te ye ,, trade the stats.... But dont start trading hoping to recover as we have next week etc
Thank you for the guidance as always one question .....
when you say, one high long if needed, not really sure what that means can you explain a little more ,, sorry if that sounds thick ,,
  • #20,687
  • Jul 28, 2017 5:36am Jul 28, 2017 5:36am
Quoting Pipradar
{quote} Thanks Mr B, top't' morning te ye ,, when you say, one high long if needed, not really sure what that means can you explain a little more ,, sorry if that sounds thick ,,
you put the fail trade on counter (limbo).
you can now leave it until next week until the next 04-00 trigger. So approx -18 . OR take a long OR and it can happen especially with Cable dont long but if it drops short it off the low..
This is not ideal trading but could be good just lately
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,688
  • Jul 28, 2017 5:38am Jul 28, 2017 5:38am
Quoting starpro
Billytt. love your work,,, just 1 Q.. what sort of bank ((or back up bank )size would you recommend before you start doing counter and limbo deals .....
dont ask,lol. my small lots of £200 i have a 1k bank but have a secondary bank.
Trading big lots put a few zeros on the secondary bank..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,689
  • Jul 28, 2017 5:39am Jul 28, 2017 5:39am
Quoting billytt
{quote} you put the fail trade on counter (limbo). you can now leave it until next week until the next 04-00 trigger. So approx -18 . OR take a long OR and it can happen especially with Cable dont long but if it drops short it off the low.. This is not ideal trading but could be good just lately
This is good Mr B, thank you, again you'r a Star and a Gent.
  • #20,690
  • Jul 28, 2017 5:39am Jul 28, 2017 5:39am
Quoting billytt
{quote} you put the fail trade on counter (limbo). you can now leave it until next week until the next 04-00 trigger. So approx -18 . OR take a long OR and it can happen especially with Cable dont long but if it drops short it off the low.. This is not ideal trading but could be good just lately
are you recommending the mysterious counter the counter? haha......jk btw
  • #20,691
  • Jul 28, 2017 6:07am Jul 28, 2017 6:07am
Quoting bojack34
{quote} are you recommending the mysterious counter the counter? haha......jk btw
you can do that, but you need legit triggers...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,692
  • Jul 28, 2017 6:17am Jul 28, 2017 6:17am
Quoting bojack34
{quote} It doesn't have to be 2x the low break at all. That's just an option...........I would LOVE to know what billy's thought on whether or not the Counter trade should have a 2x lot size. I know there are many options. You can just put in 1 trade the opposite direction and just put the og trade in limbo (straight forward). You can also put in 2 trades at the counter....one going for +5 and the other going for +10,+20, Daily Range..etc, .........another option is exactly like option #2 but the trade for +5 is 2x the og trade...........another...
BIlly would you be willing if you have time to RANK in order from best to worst the 4 "Counter Trade" options I gave in this previous post. Which ones would you recommend.....and if you really have time maybe some examples.

1) Fail, Counter at opposite trigger ( 1 counter trade ).....put OG trade in limbo, wait for next trigger.

2) Fail, Counter at opposite trigger ( 2 counter trades ).....1st counter go for +5, 2nd counter going for +10, +20 or ADR..etc

3) Fail, Counter at opposite trigger ( 2 counter trades ).....1st counter go for +5 (2X lot size as OG trade), 2nd counter going for +10, +20 or ADR..etc

4) Fail, Counter at opposite trigger ( 2 counter trades ).....both counters going for +10

EDIT: 1st counter trade for +5 will always have a BE on it or just watch it manually and when you see/feel it turning back you take what you can get.....but the 2nd counter trade you can try for adr and if you don't get it you can just let it go because that will be the trade that holds the OG in limbo anyway........is this correct?
  • #20,693
  • Jul 28, 2017 6:25am Jul 28, 2017 6:25am
Retrace trade Cable...... or any pair.
picture this (without a chart)
The 04-00 low broke, made about 4 then retraced past trigger line.
Once above that trigger line we can short and it is up to you where?.

The actual low break failed but we had a chance a few times to of made points or saved points by entering retrace.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,694
  • Jul 28, 2017 6:27am Jul 28, 2017 6:27am
also time to play the guessing game..........the forecast for USD GDP is low and i've seen a lot of pre HIN market correction going on since i've been paying attention.........i'm predicting Cable shoots up to around Yesterday's High............but if range stays small today it could stop around one claudia's favorite numbers on cable......30.......That should line her up for some good SELLS for next week!!!
  • #20,695
  • Jul 28, 2017 6:27am Jul 28, 2017 6:27am
Quoting bojack34
{quote} BIlly would you be willing if you have time to RANK in order from best to worst the 4 "Counter Trade" options I gave in this previous post. Which ones would you recommend.....and if you really have time maybe some examples. 1) Fail, Counter at opposite trigger ( 1 counter trade ).....put OG trade in limbo, wait for next trigger. 2) Fail, Counter at opposite trigger ( 2 counter trades ).....1st counter go for +5, 2nd counter going for +10, +20 or ADR..etc 3) Fail, Counter at opposite trigger ( 2 counter trades ).....1st counter go for +5...
a counter is to hold your first loss in limbo,
If you decide to look for Daily High or/and adr this is a separate trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,696
  • Jul 28, 2017 6:31am Jul 28, 2017 6:31am
Quoting bojack34
also time to play the guessing game..........the forecast for USD GDP is low and i've seen a lot of pre HIN market correction going on since i've been paying attention.........i'm predicting Cable shoots up to around Yesterday's High............but if range stays small today it could stop around one claudia's favorite numbers on cable......30.......That should line her up for some good SELLS for next week!!!
a lot of those trades are retrace trades but perhaps worded/looked at differently.
Do one short for X, do another for X, if it whips this is good . Trade until you get a fail
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,697
  • Jul 28, 2017 7:47am Jul 28, 2017 7:47am
Quoting bojack34
also time to play the guessing game..........the forecast for USD GDP is low and i've seen a lot of pre HIN market correction going on since i've been paying attention.........i'm predicting Cable shoots up to around Yesterday's High............but if range stays small today it could stop around one claudia's favorite numbers on cable......30.......That should line her up for some good SELLS for next week!!!
We'll see. Last Friday in month be some book balancing - take it steady.

Like your music.
  • #20,698
  • Jul 28, 2017 8:05am Jul 28, 2017 8:05am
Cable walking a line like yesterday - will it break ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 60 KB
  • #20,699
  • Jul 28, 2017 8:07am Jul 28, 2017 8:07am
Quoting claudia1
{quote} We'll see. Last Friday in month be some book balancing - take it steady. Like your music.
Book balancing takes place at 18-05-18-15?? How much does the market move during that period?

EDIT: I said 18-05 to 18-15 but I actually meant 16-05 to 16-15...............the first is what my MT4 says......my notes tricked me...lol.
  • #20,700
  • Jul 28, 2017 8:34am Jul 28, 2017 8:34am
Quoting bojack34
{quote} Book balancing takes place at 18-05-18-15?? How much does the market move during that period? EDIT: I said 18-05 to 18-15 but I actually meant 16-05 to 16-15...............the first is what my MT4 says......my notes tricked me...lol.
16.05 is right (14.28 now).

Watch 30 mins or so before that. Manipulation time - watch it get pushed up ready for sell and vice versa.

For G/U one of the best times of day run into 17.00.

Be careful every day is different.
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