Billytt Die happy trading e/j daily breakout | Page 1246 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #24,901
  • Edited 5:39am Feb 26, 2018 5:28am | Edited 5:39am
Quoting billytt
Lem and Mr T, here is one for you. Post a method which will Fail, ie entry then fail, lets say fail with 5 points or more ?????
Okay
From the green bar ( highlighted by white line) on this Range bar chart I want a long but looks like red bar forming so it may fail..waiting

EDIT : I am deliberately ignoring my normal approach so expect a fail
EDIT EDIT - stop at 1.40490 and........Stopped out

A FAIL Billy :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.jpg Size: 736 KB
every Saint has a past. Every Sinner has a Future
  • #24,902
  • Feb 26, 2018 5:45am Feb 26, 2018 5:45am
Quoting turnip15
{quote} Okay From the green bar ( highlighted by white line) on this Range bar chart I want a long but looks like red bar forming so it may fail..waiting EDIT : I am deliberately ignoring my normal approach so expect a fail EDIT EDIT - stop at 1.40490 and........Stopped out A FAIL Billy :-) {image}
The FAIL chart Billy.

Note:
There is now a green bar coming back up but not for me - I would now be waiting for a short. ( Ignoring the fact-for the purpose of your excercise -that I do not trade this set up past 10 am ( 8 am to 10 am )
Attached Image (click to enlarge)
Click to Enlarge Name: Cable2.jpg Size: 649 KB
every Saint has a past. Every Sinner has a Future
  • #24,903
  • Feb 26, 2018 5:53am Feb 26, 2018 5:53am
Quoting turnip15
{quote} The FAIL chart Billy. Note: There is now a green bar coming back up but not for me - I would now be waiting for a short. ( Ignoring the fact-for the purpose of your excercise -that I do not trade this set up past 10 am ( 8 am to 10 am ) {image}
Thank you Mr T...

Sometimes when i am devising a method and i look at wicks etc (frequency distribution ) that is why i can trade against a trend etc.
\just those few points make a (what could be a losing trade) win.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,904
  • Feb 26, 2018 6:05am Feb 26, 2018 6:05am
i am trying my best here to hit a losing trade ( all pretend)...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,905
  • Feb 26, 2018 6:19am Feb 26, 2018 6:19am
Quoting turnip15
{quote} The FAIL chart Billy. Note: There is now a green bar coming back up but not for me - I would now be waiting for a short. ( Ignoring the fact-for the purpose of your excercise -that I do not trade this set up past 10 am ( 8 am to 10 am ) {image}
A short below yellow line where both ma;s agree plus LOWER HIGH ( if I traded past 10 am with this method which I do not)
Attached Image (click to enlarge)
Click to Enlarge Name: Billy2.jpg Size: 792 KB
every Saint has a past. Every Sinner has a Future
  • #24,906
  • Feb 26, 2018 6:25am Feb 26, 2018 6:25am
Quoting turnip15
{quote} A short below yellow line where both ma;s agree plus LOWER HIGH ( if I traded past 10 am with this method which I do not) {image}
i am looking at entries on shorter time frames trying to lose lol. BUT it is difficult.

i am trying not to rely on Luck? but then again that could help
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,907
  • Feb 26, 2018 6:29am Feb 26, 2018 6:29am
Quoting turnip15
{quote} A short below yellow line where both ma;s agree plus LOWER HIGH ( if I traded past 10 am with this method which I do not) {image}
Price bouncing around 40300 at moment. Can see bounce better on one minute chart but the Range bar still shows a consolidation type set up - again, all pretend here since outside my trading window for range bars.
Waiting for "Dead Zone" CAD now ( noon to one pm )
every Saint has a past. Every Sinner has a Future
  • #24,908
  • Feb 26, 2018 6:32am Feb 26, 2018 6:32am
Quoting billytt
{quote} i am looking at entries on shorter time frames trying to lose lol. BUT it is difficult. i am trying not to rely on Luck? but then again that could help
Could be your sub conscious is drawing upon your past experience when you enter these "suicide" trades. You consciously try to fail but your subconscious has the last word - the "filter" if you like ?
every Saint has a past. Every Sinner has a Future
  • #24,909
  • Feb 26, 2018 6:35am Feb 26, 2018 6:35am
Quoting turnip15
{quote} Could be your sub conscious is drawing upon your past experience when you enter these "suicide" trades. You consciously try to fail but your subconscious has the last word - the "filter" if you like ?
you posted what i was thinking, thanks...

It is very difficult to try and fail without the luck element.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,910
  • Edited 8:21am Feb 26, 2018 6:40am | Edited 8:21am
Quoting turnip15
{quote} Price bouncing around 40300 at moment. Can see bounce better on one minute chart but the Range bar still shows a consolidation type set up - again, all pretend here since outside my trading window for range bars. Waiting for "Dead Zone" CAD now ( noon to one pm )
And Cable broke consolidation ( using range bar or one minute bars) to down side.
every Saint has a past. Every Sinner has a Future
  • #24,911
  • Feb 26, 2018 6:42am Feb 26, 2018 6:42am
Quoting turnip15
{quote} And Cable broke consolidation ( using rage bar or one minute bars) to down side.
Cable is looking good though.

i am collating stats as normal and generally confusing my head by trying to look for Fail Trades lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,912
  • Feb 26, 2018 6:52am Feb 26, 2018 6:52am
Quoting billytt
{quote} you posted what i was thinking, thanks... It is very difficult to try and fail without the luck element.
Lem and Mr T, here is one for you.

Post a method which will Fail, ie entry then fail, lets say fail with 5 points or more ?????

You genuinely stumped me, Billy. I'm afraid that this kind of exercise is anathema to me - it is actually painful for me to contemplate placing a trade I know will lose.

Interesting thought experiment though.

Having said that, if I was going to do it, I wouldn't look for a new method but use one of the methods I already use but take the opposite trigger. That - if one were simply trying to lose the most - would make most sense to me.

Back in the real world, I have just closed the last of 12 trades taken on GU this morning (I may still re-enter).

As I posted, on top of the scalps taken, I had a running 1-2-3 in there and also used a - shock-horror - Sell Limit!!! - to get me in when price reached back to 1.40644, which it did at 11:02:31 precisely.

I am a very, very, happy camper.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5as12traderunincsellstopmarked26thFeb18.png Size: 39 KB
  • #24,913
  • Feb 26, 2018 7:17am Feb 26, 2018 7:17am
Quoting lemercenaire
{quote} Lem and Mr T, here is one for you. Post a method which will Fail, ie entry then fail, lets say fail with 5 points or more ????? You genuinely stumped me, Billy. I'm afraid that this kind of exercise is anathema to me - it is actually painful for me to contemplate placing a trade I know will lose. Interesting thought experiment though. Having said that, if I was going to do it, I wouldn't look for a new method but use one of the methods I already use but take the opposite trigger. That - if one were simply trying to lose the most - would...
same here Lem, like i have already posted it is very difficult exercise to do...

BUT ,,, i do not actually mean place real money to lose. i am in fact looking for a positive outcome from a negative traade method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,914
  • Feb 26, 2018 7:19am Feb 26, 2018 7:19am
Quoting turnip15
{quote} And Cable broke consolidation ( using rage bar or one minute bars) to down side.
Mr T, someone pinged me before speaking about losing trades and the 1 minute bar,

My bot i use sometimes, trades off the 1 minute longing and shorting blah blah. But that isnt fun..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,915
  • Feb 26, 2018 8:03am Feb 26, 2018 8:03am
Quoting billytt
{quote} same here Lem, like i have already posted it is very difficult exercise to do... BUT ,,, i do not actually mean place real money to lose. i am in fact looking for a positive outcome from a negative traade method.
Ah, sorry, I read that wrong then. I thought you were looking for something that deliberately lost.
  • #24,916
  • Feb 26, 2018 8:21am Feb 26, 2018 8:21am
Quoting turnip15
{quote} Price bouncing around 40300 at moment. Can see bounce better on one minute chart but the Range bar still shows a consolidation type set up - again, all pretend here since outside my trading window for range bars. Waiting for "Dead Zone" CAD now ( noon to one pm )
Worked for a nice Long 5 pip target plus bonus if you hung on. Also a nice Lem type "wick zone" trade short into body earlier ?
Attached Image (click to enlarge)
Click to Enlarge Name: CAD1418.jpg Size: 404 KB
every Saint has a past. Every Sinner has a Future
  • #24,917
  • Feb 26, 2018 8:24am Feb 26, 2018 8:24am
Quoting lemercenaire
{quote} Ah, sorry, I read that wrong then. I thought you were looking for something that deliberately lost.
So did I -hence taking a trade against my normal set up -therefore no real dosh on the line, just a pretend trade. Fun though -made you think about stop loss and reason for putting a stop loss in a particular position.

See you all tomorrow. Just watching the snow fall in Norfolk. Roads and pavements are still free of snow.
every Saint has a past. Every Sinner has a Future
  • #24,918
  • Feb 26, 2018 8:28am Feb 26, 2018 8:28am
Quoting turnip15
{quote} Worked for a nice Long 5 pip target plus bonus if you hung on. Also a nice Lem type "wick zone" trade short into body earlier ? {image}
Well done, Mr-T. I didn't trade it, as price was just hanging around in space.

The WZ short went for around 6 pips, I think, so depends on your spread and speed of finger what you'd have gotten out of it.
  • #24,919
  • Feb 26, 2018 8:29am Feb 26, 2018 8:29am
Cable is just in free-fall just now. Made my whole week and more today.
  • #24,920
  • Feb 26, 2018 8:31am Feb 26, 2018 8:31am
Quoting turnip15
{quote} So did I -hence taking a trade against my normal set up -therefore no real dosh on the line, just a pretend trade. Fun though -made you think about stop loss and reason for putting a stop loss in a particular position. See you all tomorrow. Just watching the snow fall in Norfolk. Roads and pavements are still free of snow.
Yeah. The Beeb are loving it - The Beast from the East - they will be in full Disaster Mode lockdown tomorrow, lol. Pathetic.
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