Billytt Die happy trading e/j daily breakout | Page 1395 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #27,881
  • May 4, 2018 2:45am May 4, 2018 2:45am
Quoting Pipradar
{quote} Hi Mr B, quick question if thats ok, so if you go short and its a fail would you counter as in, lock in the short only, or lock in the short and then also add a long on the break North. If that makes sense.
For me, if it helps, if I have countered once and now have a floating loss, if there is not an immediate new entry, then I will scalp away at the floating negative (using micro-WZ, or micro-S+D combos etc, not just random plays) and in that way, I can clear the floating loss before any new major trigger is needed.
  • #27,882
  • May 4, 2018 2:48am May 4, 2018 2:48am
Quoting lemercenaire
{quote} For me, if it helps, if I have countered once and now have a floating loss, if there is not an immediate new entry, then I will scalp away at the floating negative (using micro-WZ, or micro-S+D combos etc, not just random plays) and in that way, I can clear the floating loss before any new major trigger is needed.
As an eg, you can see how here, there was ample opportunity to scalp back using micro-WZ on the 5 min chart, while there has been no new major trigger.

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  • #27,883
  • May 4, 2018 2:49am May 4, 2018 2:49am
t 08-48

for the bold, Cable high broke and retraced approx 9/10 we could do a retrace trade long.
yesterday i would of but not today.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,884
  • May 4, 2018 2:49am May 4, 2018 2:49am
Quoting lemercenaire
{quote} For me, if it helps, if I have countered once and now have a floating loss, if there is not an immediate new entry, then I will scalp away at the floating negative (using micro-WZ, or micro-S+D combos etc, not just random plays) and in that way, I can clear the floating loss before any new major trigger is needed.
Hi Lem, and thank you for your help that clears some mist for me.
  • #27,885
  • May 4, 2018 2:51am May 4, 2018 2:51am
Quoting Pipradar
{quote} Hi Lem, and thank you for your help that clears some mist for me.
we will ask you questions later and maybe test you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,886
  • May 4, 2018 2:53am May 4, 2018 2:53am
Quoting Pipradar
{quote} Hi Lem, and thank you for your help that clears some mist for me.
No worries.

Also remember, that as both the original trades are still technically open, if you have a mind to do so, it is entirely possible to green up your entire board, if you get the timing just right. It's not necessary to do this, you will still clear the floating loss with the new trades and end the day up but it's admittedly pretty cool if you do it
  • #27,887
  • May 4, 2018 2:57am May 4, 2018 2:57am
Dax break ended up good, with a good handful lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,888
  • May 4, 2018 2:58am May 4, 2018 2:58am
I think I am doing it wrong, since I don't see a break yet in GU.
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  • #27,889
  • May 4, 2018 2:59am May 4, 2018 2:59am
Quoting billytt
{quote} we will ask you questions later and maybe test you.
ohhhhh NO!!!
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  • #27,890
  • May 4, 2018 3:00am May 4, 2018 3:00am
Quoting billytt
Dax break ended up good, with a good handful lol
Yep. Nice, nice, retrace there as well ...

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  • #27,891
  • May 4, 2018 3:02am May 4, 2018 3:02am
Quoting lemercenaire
{quote} No worries. Also remember, that as both the original trades are still technically open, if you have a mind to do so, it is entirely possible to green up your entire board, if you get the timing just right. It's not necessary to do this, you will still clear the floating loss with the new trades and end the day up but it's admittedly pretty cool if you do it
Thanks Lem, I will test myself out with this on Demo to get a feel for it, makes sense and yes pretty cool.
  • #27,892
  • May 4, 2018 3:07am May 4, 2018 3:07am
Quoting samuel2133
I think I am doing it wrong, since I don't see a break yet in GU. {image}
GU is run off the m15.

The 08:00 - 08:15 broke high but failed. Then we take a retrace trade back short and that is good.

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As I write this, the original break Long has come good...

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  • #27,893
  • May 4, 2018 3:08am May 4, 2018 3:08am
Cable,,, 08-00 15 min bar High break.. it was good but left by me....

this could of been an excellent earner but like i said i wasnt touching it.
it is easier to say after the event
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,894
  • May 4, 2018 3:11am May 4, 2018 3:11am
Quoting lemercenaire
{quote} GU is run off the m15. The 08:00 - 08:15 broke high but failed. Then we take a retrace trade back short and that is good. {image} As I write this, the original break Long has come good... {image}
If we didn't take any retrace...

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  • #27,895
  • May 4, 2018 3:14am May 4, 2018 3:14am
i will see you all later,i have things to do.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,896
  • May 4, 2018 3:19am May 4, 2018 3:19am
Quoting billytt
i will see you all later,i have things to do.
Me too. That's probably me for the day.

Have fun, all.
  • #27,897
  • May 4, 2018 4:19am May 4, 2018 4:19am
Thanks Billy and Lem.

GU

1) I took the loss -8 pips on the breakout of H1 bar that didn't give 5 pips.

2) I entered at 3572 and exited at 3548 with double lot size.

A little bit messy.
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  • #27,898
  • May 4, 2018 4:27am May 4, 2018 4:27am
Quoting lemercenaire
{quote} If we didn't take any retrace... {image}
In this case, we have two losses and one big win? Or do you put the sl at the other end of the 8:00-8:15 bar? so at 3554,
it was never touched so yes in this case it is good.
  • #27,899
  • May 4, 2018 7:47am May 4, 2018 7:47am
Quoting samuel2133
{quote} In this case, we have two losses and one big win? Or do you put the sl at the other end of the 8:00-8:15 bar? so at 3554, it was never touched so yes in this case it is good.
Yes, in this case, the SL is at the Low.
  • #27,900
  • May 4, 2018 8:17am May 4, 2018 8:17am
Just took 31 pips off cable short, had a great week, the best week since i started trading infact, so not going to push my luck, finished for the day, have a good weekend all, thanks again for everyone's help
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