Billytt Die happy trading e/j daily breakout | Page 1058 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #21,141
  • Aug 14, 2017 6:04am Aug 14, 2017 6:04am
Thanks for the welcome guys. Ill go over the last few months of posts.
  • #21,142
  • Aug 14, 2017 6:07am Aug 14, 2017 6:07am
Quoting Flexo
{quote} I agree going over at least 2 months of the posts will help a lot in answering questions. I actually spend all last week only reading and writing notes on this setup. And there are a few things that seemed to contradict each other when going over different posts, that's why I decided to ask. Just to be 100% sure.
It's not so much that they contradict themselves but that you need to realise that there are different variations-on-a-theme being run here. It is likely that you have crossed two methods together or whatever. It's easy to do until you get a handle on who's doing what.

I would give you the same advice as was given to BO and that is to forget about the Daily EJ and concentrate on the AU 04:00 set-up. It is the simplest and most user-friendly of all the methods here. (GU can be run alongside it if you wish).

That way you could track all of BO's posts and tread in the same footsteps.

He certainly hasn't looked back.
  • #21,143
  • Aug 14, 2017 6:09am Aug 14, 2017 6:09am
Quoting claudia1
{quote} One does but it's a strange market. As said earlier no news to drive it - next fun 9.30 am tomorrow.
It's gone out and dropped back in. Couple of percents so far.
  • #21,144
  • Aug 14, 2017 6:12am Aug 14, 2017 6:12am
Quoting lemercenaire
{quote} It's gone out and dropped back in. Couple of percents so far.
Friday's low would be good but 72 proving tough.
  • #21,145
  • Aug 14, 2017 6:13am Aug 14, 2017 6:13am
Quoting lemercenaire
{quote} I feel like I'm speaking for Billy here and as I said, he'll get back to you once he comes back in, however as you're here and now...A fail is a fail when it breaks but doesn't make the +5% (+10% for stats). If it goes all the way back through, triggers but then doesn't hit it's target, then that is a double-fail. This is a bit of a misnomer though, as that trade would have been in a counter and the bad trade will now be in limbo. The next trigger - wherever and whenever it comes, will unlock that held trade and we move on from there.
Thanks for your answer, and that is also how I understood it from studying the posts. I however didn't have a fail on the Low and also later that day the High was broken. That's why I wonder.
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  • #21,146
  • Aug 14, 2017 6:14am Aug 14, 2017 6:14am
Quoting claudia1
{quote} Emmy-Lou another one I forgot. Big fan of Linda R. Somewhere there's a vid of Emmy Linda and Dolly P. Great. Anyway you got me looking at F40. isn't that a car ?? lol and should be red.
The F40 is one brute of a car, no doubt and would have to be in red. Not my styling though. I prefer the F355. My bro had a yellow Spider. Used to drive to Spar with his husky in the passenger seat, lol.
  • #21,147
  • Aug 14, 2017 6:21am Aug 14, 2017 6:21am
Quoting lemercenaire
{quote} The F40 is one brute of a car, no doubt and would have to be in red. Not my styling though. I prefer the F355. My bro had a yellow Spider. Used to drive to Spar with his husky in the passenger seat, lol.
Always preferred Porsche and in black.
  • #21,148
  • Aug 14, 2017 6:22am Aug 14, 2017 6:22am
Quoting Flexo
{quote} Thanks for your answer, and that is also how I understood it from studying the posts. I however didn't have a fail on the Low and also later that day the High was broken. That's why I wonder. {image}
Yes, just checked and for me, there was no low break. I didn't trade it (I don't think I did anyway), so have no direct experience of the trade. I would have traded this set-up my way but I'll avoid going into that so as to avoid confusion for you.

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It would seem that you would have had the long fail, then a period of sitting negative, then the original trade would have continued on into profit. (This is assuming Billy didn't run a counter in the drop). He'll clear that up himself. It may just be a use-of-language issue.
  • #21,149
  • Aug 14, 2017 6:25am Aug 14, 2017 6:25am
Quoting lemercenaire
{quote} It's not so much that they contradict themselves but that you need to realise that there are different variations-on-a-theme being run here. It is likely that you have crossed two methods together or whatever. It's easy to do until you get a handle on who's doing what. I would give you the same advice as was given to BO and that is to forget about the Daily EJ and concentrate on the AU 04:00 set-up. It is the simplest and most user-friendly of all the methods here. (GU can be run alongside it if you wish). That way you could track all of...
Again I agree with you, and it is like you have read my mind as that is precisely what I did. I filtered on Bojack, when he started here. Also I am only focused on the 04:00 setup. Maybe my confusion came from a specific post (post 18924). That day June 16th was a very choppy day, with different triggers that failed, eventually it broke the high and reached target. Billy had a trade in Limbo and left it for the week after. It might have just been as he had to go out. But this was my reason for asking my previous question as it seemed like he left it in Limbo for the day, although the high broke later in the day and pips could be made. Sorry for the confusion, I might be overcomplicating things
  • #21,150
  • Aug 14, 2017 6:25am Aug 14, 2017 6:25am
Quoting claudia1
{quote} Always preferred Porsche and in black.
Never been a Porkie man - but my sometime business partner is big time (as is Pippy, of course) and he got me into a new one a couple of weekends ago. In a limited-edition steely-blue/powder blue mix. It felt kinda' dirty.
  • #21,151
  • Aug 14, 2017 6:29am Aug 14, 2017 6:29am
Quoting Flexo
{quote} Again I agree with you, and it is like you have read my mind as that is precisely what I did. I filtered on Bojack, when he started here. Also I am only focused on the 04:00 setup. Maybe my confusion came from a specific post (post 18924). That day June 16th was a very choppy day, with different triggers that failed, eventually it broke the high and reached target. Billy had a trade in Limbo and left it for the week after. It might have just been as he had to go out. But this was my reason for asking my previous question as it seemed like...
Ah! Just checked - and yeah, he was just playin' with stuff, ''to relieve boredom'' as he said.
  • #21,152
  • Aug 14, 2017 6:32am Aug 14, 2017 6:32am
Quoting lemercenaire
{quote} Never been a Porkie man - but my sometime business partner is big time (as is Pippy, of course) and he got me into a new one a couple of weekends ago. In a limited-edition steely-blue/powder blue mix. It felt kinda' dirty.
Had 911's and all sorts. Love cars and music as you can tell. Best car I had was a mini cooper (black).
  • #21,153
  • Aug 14, 2017 6:43am Aug 14, 2017 6:43am
Quoting lemercenaire
{quote} Ah! Just checked - and yeah, he was just playin' with stuff, ''to relieve boredom'' as he said.
Thanks, that confirms it
  • #21,154
  • Aug 14, 2017 7:50am Aug 14, 2017 7:50am
This thing continues to be amazing near 20% for the day. Wasn't in it closed last week - oh well lol.
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  • #21,155
  • Aug 14, 2017 7:55am Aug 14, 2017 7:55am
Quoting claudia1
This thing continues to be amazing near 20% for the day. Wasn't in it closed last week - oh well lol. {image}
It is funny to see, the more the critics say it has reached the top the higher it goes. I bough a small amount when it was down for a bit a month or so ago, so far I can't complain. Not actively day trading it though.
  • #21,156
  • Aug 14, 2017 8:34am Aug 14, 2017 8:34am
@Lem - William has some catching up to do from today ! Suspect he'll appear in the early hours
  • #21,157
  • Aug 14, 2017 8:40am Aug 14, 2017 8:40am
The B*A*D trade made me work for it today. Didn't feel like a great set-up but I tried to ignore that and just went in...mmm...

Took the Wick-Zone short first, which almost immediately failed and turned. Now I hit the issue that had been bothering me, the fact that the WZ was so small. The counter entry going long on the break was even shorter-lived, lol.

However, price dropped back inside and gave me an angle, as I closed out the limbo trades, loss was minimal. I then immediately entered long on a retrace trade and cleared the loss and added the profit. Closed that out and I was done. Enter-Counter-Retrace...magic in a glass.

B*A*D Trade (15:00 - 16:00 uk) Enter-Counter-Retrace-Done
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As it turned out, price rebounded again and is in the process of completing the WZ short...but we don't know that's going to happen at the time we are staring at the sharp end. As I write this, it has also turned again, so hey, ho, there ya' go. Take it when you can.

The problems came about due to price being trapped between two turncoat zones on the m5 and it was always going to be tough to get a run out of that.

Happy to have got out alive.
  • #21,158
  • Aug 14, 2017 8:43am Aug 14, 2017 8:43am
Quoting claudia1
@Lem - William has some catching up to do from today ! Suspect he'll appear in the early hours
No doubt bleary-eyed and bushy-tailed
  • #21,159
  • Aug 14, 2017 9:10am Aug 14, 2017 9:10am
Quoting lemercenaire
{quote} No doubt bleary-eyed and bushy-tailed
So - Billy coming out tonight then ?
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every Saint has a past. Every Sinner has a Future
  • #21,160
  • Aug 14, 2017 9:13am Aug 14, 2017 9:13am
Quoting lemercenaire
{quote} Yes, just checked and for me, there was no low break. I didn't trade it (I don't think I did anyway), so have no direct experience of the trade. I would have traded this set-up my way but I'll avoid going into that so as to avoid confusion for you. {image} It would seem that you would have had the long fail, then a period of sitting negative, then the original trade would have continued on into profit. (This is assuming Billy didn't run a counter in the drop). He'll clear that up himself. It may just be a use-of-language issue.
Thanks for the charts Lem -I am away from the 'putor busy elsewhere -so it is nice to see the charts when I sneak a peek at the thread in free moments.
every Saint has a past. Every Sinner has a Future
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