Billytt Die happy trading e/j daily breakout | Page 1178 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #23,541
  • Dec 13, 2017 4:06am Dec 13, 2017 4:06am
Quoting wannalearn12
{quote} bought USD cad at market open - and sold EURUSD - had to trade out of it - ended with net profit +1.1%
awesome, i cannot speak in percentages now as i am using my GF's bank and it is different figures. BUT £180 in real money lol. i only need £120 per week to get her 12% lol....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,542
  • Dec 13, 2017 4:08am Dec 13, 2017 4:08am
Quoting wannalearn12
Hey, does anyone have any info on when to sort of stop trading until the new year? the market is getting worse and worse imo by the day
They always say, don't trade holidays BUT the markets still move. i personally will leave Christmas alone, unless i see big movement.
It is difficult to turn off from trading lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,543
  • Dec 13, 2017 4:27am Dec 13, 2017 4:27am
Quoting bojack34
{quote} I was looking at my 08-15 template and I just want to make sure I have it correct. The bar we use to get our "range" is the 08-00 M15 bar...........so at 08-15 we start trading..........OR...........is the M15 bar we use to get our "range" the 07-45 m15 bar and then we start trading at 08-00?
Bo

My understanding is that we trade the break of the 8:00 8:15 candle

so start to trade at the close of the 8:00 8:15 candle
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #23,544
  • Dec 13, 2017 4:36am Dec 13, 2017 4:36am
Quoting slowbrain
{quote} Bo My understanding is that we trade the break of the 8:00 8:15 candle so start to trade at the close of the 8:00 8:15 candle {image}
Txs SB, that was my understanding also. That is how I currently have my template set up.
  • #23,545
  • Dec 13, 2017 4:58am Dec 13, 2017 4:58am
Quoting bojack34
{quote} I was looking at my 08-15 template and I just want to make sure I have it correct. The bar we use to get our "range" is the 08-00 M15 bar...........so at 08-15 we start trading..........OR...........is the M15 bar we use to get our "range" the 07-45 m15 bar and then we start trading at 08-00?
Hi Bo,, we use the 08-00 to 08-15 bar/candle for the range.
Then trade off it High or Low.. you still need a backup plan for when it fails.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,546
  • Dec 13, 2017 4:58am Dec 13, 2017 4:58am
Quoting slowbrain
{quote} Bo My understanding is that we trade the break of the 8:00 8:15 candle so start to trade at the close of the 8:00 8:15 candle {image}
Thanks for that SB, hope you are ok.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,547
  • Dec 13, 2017 5:02am Dec 13, 2017 5:02am
Quoting billytt
{quote} Thanks for that SB, hope you are ok.

thank you Billytt , still struggling often with the counter issue when it fails . 60% of the time i just close both open positions. i know its not the smartest thing to do but im honest with you guys
trying to make everyday the best risk/reward decisions possible
  • #23,548
  • Dec 13, 2017 5:16am Dec 13, 2017 5:16am
Quoting slowbrain
{quote} thank you Billytt , still struggling often with the counter issue when it fails . 60% of the time i just close both open positions. i know its not the smartest thing to do but im honest with you guys
Hi SB,,When i say i make 5%..

Sometimes it is a bit more, 6% - 7% etc

i may even do a retrace trade..

All this extra %% can be used to offset a bad trade.So you don't need to counter.

As long as at the end of the day or week i am up 5% (or 25%) i am happy,

We do have people who say i am giving money back but that is my rule and it works.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,549
  • Dec 13, 2017 5:34am Dec 13, 2017 5:34am
Quoting billytt
{quote} Hi SB,,When i say i make 5%.. Sometimes it is a bit more, 6% - 7% etc i may even do a retrace trade.. All this extra %% can be used to offset a bad trade.So you don't need to counter. As long as at the end of the day or week i am up 5% (or 25%) i am happy, We do have people who say i am giving money back but that is my rule and it works.

thanks billytt
trying to make everyday the best risk/reward decisions possible
  • #23,550
  • Dec 13, 2017 5:59am Dec 13, 2017 5:59am
Cable adr is 57... plenty of action to be had. Hopefully down.
Maybe with the news later
Might even try a short, just need a trigger
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,551
  • Dec 13, 2017 6:06am Dec 13, 2017 6:06am
Quoting billytt
Cable adr is 57... plenty of action to be had. Hopefully down. Maybe with the news later Might even try a short, just need a trigger
I don't even have close to enough leverage to make 5% - a boy can dream
  • #23,552
  • Dec 13, 2017 6:07am Dec 13, 2017 6:07am
Dax setting up nicely. Low adr, back to t/l etc.
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  • #23,553
  • Dec 13, 2017 6:12am Dec 13, 2017 6:12am
More down ?
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  • #23,554
  • Dec 13, 2017 6:19am Dec 13, 2017 6:19am
Tempted to sell low adr and bouncing off dp. Not sure as this one usually catches me out.
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  • #23,555
  • Dec 13, 2017 9:19am Dec 13, 2017 9:19am
Quoting billytt
{quote} Hi SB,,When i say i make 5%.. Sometimes it is a bit more, 6% - 7% etc i may even do a retrace trade.. All this extra %% can be used to offset a bad trade.So you don't need to counter. As long as at the end of the day or week i am up 5% (or 25%) i am happy, We do have people who say i am giving money back but that is my rule and it works.
Billytt

about 8:15 candle do you agree with this statement : 33% of the time we need to open a counter based on stats
this is the result of my personal stats
trying to make everyday the best risk/reward decisions possible
  • #23,556
  • Dec 13, 2017 9:26am Dec 13, 2017 9:26am
Quoting claudia1
Tempted to sell low adr and bouncing off dp. Not sure as this one usually catches me out. {image}
was it solely based off price action? bc that was a hell of a trade
  • #23,557
  • Dec 13, 2017 9:48am Dec 13, 2017 9:48am
Quoting slowbrain
{quote} Billytt about 8:15 candle do you agree with this statement : 33% of the time we need to open a counter based on stats this is the result of my personal stats
Hi, in its simplest form yes. i am also looking at the 00-00 4 hour bar too.
The counter will hold the original loss and i will then look at the 00-00 bar or even the 04-00 at times.
The trade is like a machine
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,558
  • Dec 13, 2017 9:49am Dec 13, 2017 9:49am
Quoting wannalearn12
{quote} was it solely based off price action? bc that was a hell of a trade
Selling off the pivot going with trend and looking for yesterday's low. Spread is high on this thing but when it goes it goes.

Edit: and adr was around 50 % so it had to go somewhere.
  • #23,559
  • Dec 13, 2017 10:15am Dec 13, 2017 10:15am
Quoting billytt
{quote} Hi, in its simplest form yes. i am also looking at the 00-00 4 hour bar too. The counter will hold the original loss and i will then look at the 00-00 bar or even the 04-00 at times. The trade is like a machine
is the 00-00 bar the H1 bar prior to Tokyo Open?
  • #23,560
  • Dec 13, 2017 10:21am Dec 13, 2017 10:21am
Quoting bojack34
{quote} is the 00-00 bar the H1 bar prior to Tokyo Open?
it is 8 hours before London opens
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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