Billytt Die happy trading e/j daily breakout | Page 1044 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,861
  • Aug 4, 2017 3:03am Aug 4, 2017 3:03am
Elsewhere, the F40 did its usual good job - but did it without me, as I was busy with The Monster...

Attached Image


M1 and M5 charts would have kept you good on this as well.
  • #20,862
  • Aug 4, 2017 3:08am Aug 4, 2017 3:08am
Looks like GU smashed it (as Billy has said) but AU has faked a move North and retreated back.
  • #20,863
  • Aug 4, 2017 3:12am Aug 4, 2017 3:12am
Those many lovely percents from the DAX are a good way to finish the week for me, as I am going to be heading out soon. Won't be around for The Dead Zone or The B*A*D.

It also means I will miss all that lovely red news this arvo. What a shame...
  • #20,864
  • Aug 4, 2017 3:13am Aug 4, 2017 3:13am
Oh and remember that red is for the CAD, as well as the USD. Play safe, kids!

See y'all later at some point.
  • #20,865
  • Aug 4, 2017 3:23am Aug 4, 2017 3:23am
t 09-22 .
Cable, a nice retrace to break 04-00 low would be nice,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,866
  • Aug 4, 2017 6:30am Aug 4, 2017 6:30am
Hi there.

A friend of mine pointed me to your thread. I hope you dont mind me hanging out here. Very interesting to read through all the posts. I still have to read a lot of them. Thank you for sharing your approach.

So far I see you are trading a combination of different setups. Something that is very new to me is countering a trade, so not using a stop loss. I hope you can clarify/explain me what you do in the following situation displayed in the picture. There are three questions (in red) to which the answers I don't know. Thank you in advance for your help.

Tristan
Attached Image (click to enlarge)
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  • #20,867
  • Aug 4, 2017 9:21am Aug 4, 2017 9:21am
Quoting billytt
t 09-22 . Cable, a nice retrace to break 04-00 low would be nice,
and it did
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,868
  • Aug 4, 2017 9:24am Aug 4, 2017 9:24am
[quote=Flexo;10156050]Hi there. A friend of mine pointed me to your thread. I hope you dont mind me hanging out here. Ver
Hello Flexo and welcome, i will answer any questions shortly and i am sure others will help with answers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,869
  • Aug 4, 2017 9:45am Aug 4, 2017 9:45am
Quoting Flexo
Hi there. A friend of mine pointed me to your thread. I hope you dont mind me hanging out here. Very interesting to read through all the posts. I still have to read a lot of them. Thank you for sharing your approach. So far I see you are trading a combination of different setups. Something that is very new to me is countering a trade, so not using a stop loss. I hope you can clarify/explain me what you do in the following situation displayed in the picture. There are three questions (in red) to which the answers I don't know. Thank you in advance...
Hi, For my stats i use +10, this allows for spread ,slippage etc but the TP is +5.
I can get the +5 and the trade still fail because the +10 was not made.
If one end fails we have a good chance of getting +20 and/or daily high/low of the adr (average daily range).
I also do retrace trades (sometimes) this helps to ease a loss.
That is the easy part, we now need to watch and keep stats updated.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,870
  • Aug 4, 2017 9:52am Aug 4, 2017 9:52am
YOU WILL NOT BELIEVE THIS....
i was showing my g/f how trading works and she put on a live trade a few seconds before NFP announcement,
cut story short £400 in pocket before i managed to close trade down yaaaaaaaaaaaaaaaaaaay, it could of been a lot more but then again it could of been disastrous... Lesson learned always stay focused and dont let anyone touch your trade Pc..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,871
  • Aug 4, 2017 9:56am Aug 4, 2017 9:56am
Quoting billytt
YOU WILL NOT BELIEVE THIS.... i was showing my g/f how trading works and she put on a live trade a few seconds before NFP announcement, cut story short 400 in pocket before i managed to close trade down yaaaaaaaaaaaaaaaaaaay, it could of been a lot more but then again it could of been disastrous... Lesson learned always stay focused and dont let anyone touch your trade Pc..
Did you tell her TY? Sounds like someone is getting a new pair of shoes this weekend.
  • #20,872
  • Aug 4, 2017 9:56am Aug 4, 2017 9:56am
Quoting turnip15
{quote} Does it remind you of anything {image}
Yep - good fun I'm up 17.35% for the week on Bitcoin. Not a fortune in money terms but something different.
  • #20,873
  • Aug 4, 2017 10:00am Aug 4, 2017 10:00am
Quoting billytt
{quote} Hi, For my stats i use +10, this allows for spread ,slippage etc but the TP is +5. I can get the +5 and the trade still fail because the +10 was not made. If one end fails we have a good chance of getting +20 and/or daily high/low of the adr (average daily range). I also do retrace trades (sometimes) this helps to ease a loss. That is the easy part, we now need to watch and keep stats updated.
Thank you for taking the time to answer. I will study this more closely in the upcoming time. One more question, Is there a minimum amount of pips the H4 candle range should be in order to qualify for setups? In one post I read it must be greater than 20 pips is this still valid? Thanks again.
  • #20,874
  • Aug 4, 2017 10:02am Aug 4, 2017 10:02am
Quoting billytt
YOU WILL NOT BELIEVE THIS.... i was showing my g/f how trading works and she put on a live trade a few seconds before NFP announcement, cut story short 400 in pocket before i managed to close trade down yaaaaaaaaaaaaaaaaaaay, it could of been a lot more but then again it could of been disastrous... Lesson learned always stay focused and dont let anyone touch your trade Pc..
Well done - clues for that move were in $ index bouncing off support.
  • #20,875
  • Aug 4, 2017 11:06am Aug 4, 2017 11:06am
Quoting claudia1
{quote} Yep - good fun I'm up 17.35% for the week on Bitcoin. Not a fortune in money terms but something different.
My pc is dead......getting a new laptop Saturday .....cheap of course. Using a Galaxy pad to spy on you all. I am still away for a while. Pips to all.
every Saint has a past. Every Sinner has a Future
  • #20,876
  • Aug 4, 2017 1:55pm Aug 4, 2017 1:55pm
A cross-post, I know but thought I'd share a little bit of something.

Been tracking the 1-2-3 trade set-ups that always form in the hour or two that follow my morning DAX-Monster trade. Oh boy...

Here's how today's went ...

Long from the magenta circle.

Attached Image (click to enlarge)
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  • #20,877
  • Aug 4, 2017 2:07pm Aug 4, 2017 2:07pm
For the record - as not traded - the B*A*D trade managed its +5%. Hardly spectacular movement but by then, all the big oomph-ness had been and gone, so OK.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPUSDH1asBADtrade4thAug17NotTradedCrop_LI.jpg Size: 585 KB
  • #20,878
  • Aug 4, 2017 4:02pm Aug 4, 2017 4:02pm
Quoting Flexo
{quote} Thank you for taking the time to answer. I will study this more closely in the upcoming time. One more question, Is there a minimum amount of pips the H4 candle range should be in order to qualify for setups? In one post I read it must be greater than 20 pips is this still valid? Thanks again.
Hi, my favourite number is 28 for trading off, a range of less than 20 is prone to whip, a range 30+ a bigger bank is needed.
Majority of my trades are not 28 range lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,879
  • Aug 4, 2017 4:03pm Aug 4, 2017 4:03pm
Quoting claudia1
{quote} Well done - clues for that move were in $ index bouncing off support.
pure luck, she could easily of pressed the buy button...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,880
  • Aug 4, 2017 4:04pm Aug 4, 2017 4:04pm
Quoting turnip15
{quote} My pc is dead......getting a new laptop Saturday .....cheap of course. Using a Galaxy pad to spy on you all. I am still away for a while. Pips to all.
Hi Mr T, hope all is well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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