Billytt Die happy trading e/j daily breakout | Page 1357 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #27,121
  • Apr 19, 2018 2:46pm Apr 19, 2018 2:46pm
Quoting claudia1
Don't know if should be laughing or crying. Sure made money but could have been a lot more. Time for wine bar. {image}
Inserted Video
  • #27,122
  • Apr 19, 2018 2:51pm Apr 19, 2018 2:51pm
Quoting lemercenaire
{quote} Speaking of typing, Bo - I should have some notes for you either tonight or tomorrow.
speaking of that....I just emailed you my latest "notes".
  • #27,123
  • Apr 19, 2018 2:55pm Apr 19, 2018 2:55pm
Whoosh missed that ! lol
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP(£)H1.png Size: 73 KB
  • #27,124
  • Apr 19, 2018 3:57pm Apr 19, 2018 3:57pm
Quoting bojack34
{quote} I'm curious how the UK feels about Trump (and the rest of the world for that matter)......does everyone Hate Trump?
Trump has stuck to his word which is commendable for a politician.
He is a master of getting people to do his dirty work which is also commendable.
He does have a free reign but i am sure if things get too bad he will be wound in..
end of that........
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,125
  • Apr 19, 2018 6:08pm Apr 19, 2018 6:08pm
Like this - not best time of day but it's an order either side hard stops. Can't go too far wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 72 KB
  • #27,126
  • Apr 19, 2018 6:59pm Apr 19, 2018 6:59pm
Quoting claudia1
Like this - not best time of day but it's an order either side hard stops. Can't go too far wrong. {image}
looks good,
i am not meant to be here lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,127
  • Apr 19, 2018 7:36pm Apr 19, 2018 7:36pm
Hi bud, i cannot help with supply/demand areas as this is alien to me to be honest.

Hi Billytt.
Thanks for your reply.
You have given me enough help with this forum, and I don't have to take any blame for failing, as I can just blame you, lol.
I think you have enough followers to start a new thread, and call it a blame Billy thread.
hope you are well
regards
Kev
  • #27,128
  • Apr 19, 2018 8:06pm Apr 19, 2018 8:06pm
You have to believe it yourself as well. You have a great attitude but deep down maybe you still doubt you can do it. If so, you need to beat that down.

I don't think I posted this before but if I did, apologies. Blame old age. Or Billy.

Hi Lem
Thanks for your reply it is very helpful.
I have still got the mental attitude to turn smething simple, into complicated.
This mental attitude only seems to happen with trading, but I am determined to work on it.
This and another site ( wink, wink, nudge, nudge ) are great sources of information, and I am grateful for all the help I have recieved.
regards
Kev
  • #27,129
  • Apr 19, 2018 8:19pm Apr 19, 2018 8:19pm
Quoting claudia1
Like this - not best time of day but it's an order either side hard stops. Can't go too far wrong. {image}
Hard Stops? What size SL do you use when using this method? I remember keeping entries around 15-20 pips away from current price but I don't know how far to place the SL and TP?
  • #27,130
  • Apr 19, 2018 8:21pm Apr 19, 2018 8:21pm
Quoting kevin1959
You have to believe it yourself as well. You have a great attitude but deep down maybe you still doubt you can do it. If so, you need to beat that down. I don't think I posted this before but if I did, apologies. Blame old age. Or Billy. Hi Lem Thanks for your reply it is very helpful. I have still got the mental attitude to turn smething simple, into complicated. This mental attitude only seems to happen with trading, but I am determined to work on it. This and another site ( wink, wink, nudge, nudge ) are great sources of information, and I am...
This is all you need.
Inserted Video
  • #27,131
  • Apr 19, 2018 8:44pm Apr 19, 2018 8:44pm
Quoting bojack34
{quote} Hard Stops? What size SL do you use when using this method? I remember keeping entries around 15-20 pips away from current price but I don't know how far to place the SL and TP?
Give me an easy question one day.

Ok let's take things a stage further - I don't work on pips my target is £. If I'd have gone into my boss and said 'hey I made 20 pips' he would have said 'I don't give a f*** I want to know how much £ you made C.' Think about it.

Still not answering the question. Look at the recent highs/lows for s/l and t/p and have a financial target based sensibly on account size.

Billy/Lem any thoughts ?
  • #27,132
  • Apr 19, 2018 9:53pm Apr 19, 2018 9:53pm
Quoting claudia1
{quote} Give me an easy question one day. Ok let's take things a stage further - I don't work on pips my target is £. If I'd have gone into my boss and said 'hey I made 20 pips' he would have said 'I don't give a f*** I want to know how much £ you made C.' Think about it. Still not answering the question. Look at the recent highs/lows for s/l and t/p and have a financial target based sensibly on account size. Billy/Lem any thoughts ?
Understandable about the $$ target instead of pips. I never look at pips when I trade anyways, I always go off of % of account balance. I try to make a certain % for the day or lose no more than a certain % for the day......so i get the "ignore" the pip count. I sort of understand about using the recent H's/L's for s/l and t/p. Are you using the recent H/L of the "box" that you create of the consolidation area? What if there is no "consolidation area" to use? Sometimes there is just big news events coming out but it's not proceeded by a consolidated area, but we know when the news is released it's going to explode. I was going to use the opposite side trigger that wasn't triggered as my SL but I wasn't sure if that was too much. if I have 15 pip above current market price as my trigger and 15 pips below as my other trigger that would make my SL 30.....which means I would want at least 60 pips as my target since I want to at least get 2:1.....preferably 3:1 (90 pip target) Now after typing all of this i feel like im making it harder than it has to be for such a simple strategy. Sorry...haha.
  • #27,133
  • Apr 19, 2018 9:55pm Apr 19, 2018 9:55pm
Quoting claudia1
{quote} Give me an easy question one day. Ok let's take things a stage further - I don't work on pips my target is £. If I'd have gone into my boss and said 'hey I made 20 pips' he would have said 'I don't give a f*** I want to know how much £ you made C.' Think about it. Still not answering the question. Look at the recent highs/lows for s/l and t/p and have a financial target based sensibly on account size. Billy/Lem any thoughts ?
Easy question time.........my wife wants to start drinking wine every now and then.....she likes white wine........whats the best kind of white wine?
  • #27,134
  • Apr 19, 2018 10:36pm Apr 19, 2018 10:36pm
This is the pair that I notice consolidates all the time, almost always at the end of the trading day and into the beginning of the next trading day. It appears to be doing so again. Price is sitting in a Supply Zone and on Yesterdays High. The DPV is below price......a few things pointing to a SELL, but who really knows.


EURGBP

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-m15-fx-choice-limited-2.png Size: 70 KB



Here's another GBP pair consolidating nicely.......also in a Demand Zone and sitting on yesterdays LOW and price is below the DPV.......a few things pointing to a LONG.


GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fx-choice-limited.png Size: 75 KB
  • #27,135
  • Apr 19, 2018 11:13pm Apr 19, 2018 11:13pm
This is all you need

Thanks Claudia
I'll listen to it when Iget home from work.
Finish at 11.00 then dog sitting a german sheperd, happy days.
why does no body seem to sleep on this forum lol
regards
Kev
  • #27,136
  • Apr 20, 2018 12:59am Apr 20, 2018 12:59am
morning all, t 07-00 and it is a lovely morning, flat sea and arising yaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,137
  • Apr 20, 2018 1:02am Apr 20, 2018 1:02am
Quoting kevin1959
This is all you need Thanks Claudia I'll listen to it when Iget home from work. Finish at 11.00 then dog sitting a german sheperd, happy days. why does no body seem to sleep on this forum lol regards Kev


Hi , originally i used to collate stats just after midnight ( a new day) but just lately i have been doing the same but i start to talk to trader friend on phone all night . especially if my gf is not here.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,138
  • Apr 20, 2018 1:22am Apr 20, 2018 1:22am
Quoting claudia1
{quote} Give me an easy question one day. Ok let's take things a stage further - I don't work on pips my target is £. If I'd have gone into my boss and said 'hey I made 20 pips' he would have said 'I don't give a f*** I want to know how much £ you made C.' Think about it. Still not answering the question. Look at the recent highs/lows for s/l and t/p and have a financial target based sensibly on account size. Billy/Lem any thoughts ?


you know what i am going to say Claudia...
i am the same as you, but have a percentage target. BUT 1 pip is 1% so that is easy.
as you know i have my smaller trade bank and i work for usually 5% and if something happens i have the bigger bank to fix it...


SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,139
  • Apr 20, 2018 1:31am Apr 20, 2018 1:31am
Quoting bojack34
This is the pair that I notice consolidates all the time, almost always at the end of the trading day and into the beginning of the next trading day. It appears to be doing so again. Price is sitting in a Supply Zone and on Yesterdays High. The DPV is below price......a few things pointing to a SELL, but who really knows. EURGBP {image} Here's another GBP pair consolidating nicely.......also in a Demand Zone and sitting on yesterdays LOW and price is below the DPV.......a few things pointing to a LONG. GBPUSD {image}
that looks good Bo, you sound like a trader yaaaaay...

i was going to say, quite often when you see consolidation on a daily chart, it usually carries on in the trend direction.....
But if you have your trigger either side like Claudia does it is good....

When i say usually carries on, that is not a certainty....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,140
  • Apr 20, 2018 1:35am Apr 20, 2018 1:35am
Quoting claudia1
{quote} This is all you need. https://www.youtube.com/watch?v=ErvgV4P6Fzc
White lycra cycling shorts?
20 traders viewing now