Billytt Die happy trading e/j daily breakout | Page 1183 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #23,641
  • Dec 15, 2017 3:21am Dec 15, 2017 3:21am
I've been jumping over to check out Billy's 08:00 bar trade lately but being busy with The Monster longer than usual meant I missed the time-slot, however, when I eventually got there, it really was perfect Cable scalping weather and I managed to bag some extra Cable percents on the marked bounce...
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..then on the rebound...
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Ah well, I think that'll do me for now - maybe for the day. Off for some breakfast.

Trade well all who stick around.
  • #23,642
  • Dec 15, 2017 3:43am Dec 15, 2017 3:43am
Meant to say - the AU hit tp on WZ Short out of the Supply Zone. My way of doing it, not Billy's, obviously but pipz-iz-pipz...

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Definitely gone now...
  • #23,643
  • Dec 15, 2017 3:56am Dec 15, 2017 3:56am
How do i explain Cable trade lol.
Lem gave a good answer with scalping etc just before.....
Anyway...
Cable low broke then retraced up to break High,,,,THEN DOWN uuuuuuuuuuuuugh

I have a Long counter running so running at -14.
BUT i nailed the short especially working off the inside bars and 08-00 Low.
I fix bad trades and make more that way..
I can quite easily close my -15 and still be up, but i give nothing to the broker lol.

time right now is 09-55... If we have movemnet up i (might) wait for a drop and short again. My bias is short.
Lets see, when i say might i probably will lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,644
  • Dec 15, 2017 3:58am Dec 15, 2017 3:58am
[quote=lemercenaire;10594190]I've been jumping over to check out Billy's 08:00 bar trade lately but being busy with

Glad you didn't today lol.
Trade went against me but i was so confident.
I shouldn't say that but hey ho
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,645
  • Dec 15, 2017 4:13am Dec 15, 2017 4:13am
JINGLE BELLS,,,,,,,,,, LOL
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,646
  • Dec 15, 2017 4:14am Dec 15, 2017 4:14am
13350 would be nice with the free bet/trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,647
  • Dec 15, 2017 5:42am Dec 15, 2017 5:42am
Quoting billytt
{quote} Hi SB,,, when i used to compound, i actually doubled up 100%. This is not for the weak hearted. It is frightening lol. Now, i will take an extra % or 2 and maybe do a retrace trade. With this extra i will use it to offset any loss. I AM ALWAYS SAYING THIS.!!!! we have a saying. ,,YOU HAVE TO SPECULATE TO ACCUMULATE. Look at the casinos? they give out free alcohol and even hotel rooms. Big stores have loss leaders,, ie they sell some items at a loss (essentials) to get you in the shop TO BUY OTHER THINGS. I do it with Forex and it pays. Yaaaaaaaaaaay....
Hello Billy,

Can you please explain how you do this? I mean in this forum, I must say that most methods can be profitable but the issue is what happens when you have a loss. I saw many ways how lemercenaire, which I think is one of the very few few members in this forum that really tells what he is doing in a daily basis including the losses, he explains how he recovers from losses which helps a lot. Ok so, not wanting to sidetrack, can you please explain your way of doing this (i mean recovering a loss), I still don't have a method for this, and feel very stressed and lost once I get a major loss, I would like to have a systematic approach to losses and just include them in my process.

Thanks a lot,
  • #23,648
  • Dec 15, 2017 6:01am Dec 15, 2017 6:01am
Missing some big moves due to time of day. Perfect pivot trade or would have been.

The answer is of course obvious ............
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  • #23,649
  • Dec 15, 2017 6:07am Dec 15, 2017 6:07am
Quoting claudia1
Missing some big moves due to time of day. Perfect pivot trade or would have been. The answer is of course obvious ............ {image}
Cable caught me out - thought it rejected the DP and bought in - quick -20 lol. Oh well. I am up pretty good for the month. Any other pairs to keep eye on pivots wise?
  • #23,650
  • Dec 15, 2017 6:14am Dec 15, 2017 6:14am
i have to keep logging out of FF as my gf is present.
No one knows i come in here.
It is a secret lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,651
  • Dec 15, 2017 6:17am Dec 15, 2017 6:17am
Quoting wannalearn12
{quote} Cable caught me out - thought it rejected the DP and bought in - quick -20 lol. Oh well. I am up pretty good for the month. Any other pairs to keep eye on pivots wise?
G/J can be fun.

I'm planning on running the ea overnight from 2018 on a few volatile pairs like G/N. Look for r:r maybe 1:5.

Haven't thought it through yet but I will !
  • #23,652
  • Dec 15, 2017 6:22am Dec 15, 2017 6:22am
Quoting claudia1
{quote} G/J can be fun. I'm planning on running the ea overnight from 2018 on a few volatile pairs like G/N. Look for r:r maybe 1:5. Haven't thought it through yet but I will !
sounds interesting - I find sometimes during ASIA as I am awake most of the time - is that you will get multiple crosses and closes.. maybe I don't quite understand what the EA's coding is... maybe I am doing it all wrong ? ROFL
  • #23,653
  • Dec 15, 2017 6:29am Dec 15, 2017 6:29am
Quoting wannalearn12
{quote} sounds interesting - I find sometimes during ASIA as I am awake most of the time - is that you will get multiple crosses and closes.. maybe I don't quite understand what the EA's coding is... maybe I am doing it all wrong ? ROFL
Download and put on demo. It basically takes a trade if 1h closes above/below dp. You can set s/l, t/p, trail etc.

With high r:r and huge adr like G/N multiple crosses shouldn't matter too much. Maybe !
  • #23,654
  • Dec 15, 2017 6:38am Dec 15, 2017 6:38am
Quoting claudia1
{quote} Download and put on demo. It basically takes a trade if 1h closes above/below dp. You can set s/l, t/p, trail etc. With high r:r and huge adr like G/N multiple crosses shouldn't matter too much. Maybe !
after it passes over it, right? DP cross and then a close?
  • #23,655
  • Dec 15, 2017 6:42am Dec 15, 2017 6:42am
Quoting wannalearn12
{quote} after it passes over it, right? DP cross and then a close?
Right. Clean break and close.
  • #23,656
  • Edited 6:58am Dec 15, 2017 6:43am | Edited 6:58am
Quoting samuel2133
{quote} Hello Billy, Can you please explain how you do this? I mean in this forum, I must say that most methods can be profitable but the issue is what happens when you have a loss. I saw many ways how lemercenaire, which I think is one of the very few few members in this forum that really tells what he is doing in a daily basis including the losses, he explains how he recovers from losses which helps a lot. Ok so, not wanting to sidetrack, can you please explain your way of doing this (i mean recovering a loss), I still don't have a method for...
Hello , if you can understand Lems approach you should trade that way simples.
i do not spoon feed.
the method i use, i sold for £30 k and a variation for £30k, and i have lost £30 k on 3 occasions. £30 means a lot to me lol.
i trade off certain time frames, mainly when the market opens.
If i get a loss ,like i did earlier i will counter until; the next trigger.
The next trigger could be the following day or (example 00-00 bar)
I have stats and stats and stats.
i will adjust lot size.
i normally make 5% per day trading, sometimes more.
If you have a good method you shouldn't 'lose.
You must be strict and trade the plan.
You need to look outside the box and not listen to the gurus...

i said earlier about Cable dropping to 13350 all stats AND inside bars...

i am not smart but i stick to plan and counter until next trigger. High odds,percentages, probability. make it your own

edit ,,, and a bank roll to cover counters... lol, and i am smart yaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,657
  • Dec 15, 2017 6:44am Dec 15, 2017 6:44am
Quoting wannalearn12
{quote} Cable caught me out - thought it rejected the DP and bought in - quick -20 lol. Oh well. I am up pretty good for the month. Any other pairs to keep eye on pivots wise?
what about the inside bars??? something had to give.
It could of gone up but the low broke and down it went
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,658
  • Dec 15, 2017 6:52am Dec 15, 2017 6:52am
gf has just gone out to have Christmas extensions put into her hair.... (purple ones) lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,659
  • Dec 15, 2017 6:56am Dec 15, 2017 6:56am
Quoting claudia1
{quote} Right. Clean break and close.
Cable had a nasty one, I got pissed and closed the charts - karma - stay calm stay smart
  • #23,660
  • Dec 15, 2017 7:28am Dec 15, 2017 7:28am
Quoting billytt
How do i explain Cable trade lol. Lem gave a good answer with scalping etc just before..... Anyway... Cable low broke then retraced up to break High,,,,THEN DOWN uuuuuuuuuuuuugh I have a Long counter running so running at -14. BUT i nailed the short especially working off the inside bars and 08-00 Low. I fix bad trades and make more that way.. I can quite easily close my -15 and still be up, but i give nothing to the broker lol. time right now is 09-55... If we have movemnet up i (might) wait for a drop and short again. My bias is short. Lets see,...
im a little confused here maybe you can clear things up for me since you are the counter "master"...lol..........lets take this trade you speak of as our example. Low trigger broke and failed.....then High trigger broke and failed........-14 in limbo...........you make another trade on another trigger and get +24 on that trade.. You now have 3 trades...... = +10pips. When you close this trade set you will bu UP +10 pips total, but you will still have that losing trade in that set and you will GIVE the broker something out of that losing trade. I understand overall your still UP, you have NOT LOST.

Now 2nd example of SAME TRADE.............Low trigger broke and failed.....then High trigger broke and failed......NOW......instead of countering at the High and putting that -14 in limbo we use a STOP LOSS. We take the -14 and move on......at this point price has moved back DOWN and we now trade the Lower Trigger exactly the same as you did in your 3 trade in the 1st example.........we get +24 on that trade. .......now at this point I have one bad trade that was closed at my stop loss of -14 and one good trade that hit my TP at +24........Net Total Pip....+10.

I get the same results........Im not sure where the advantage of the Counter lies. I would love for someone to show me where the adantage of the counter comes from...........because evertyime I work out these scneario's I cannot find a situation where I would get different results using a Counter.
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