Billytt Die happy trading e/j daily breakout | Page 1440 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #28,781
  • May 19, 2018 2:20pm May 19, 2018 2:20pm
Don't get me wrong, we can use confirmation bars but in my case that confirmation is normally the 5 i am after.....

i do let trades run down to levels (2nd trades) a lot of this i do not speak about and like i say,,,,
In a battle we have casualties even though we win.
We may be the best team yet still have points scored against us.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,782
  • May 19, 2018 3:02pm May 19, 2018 3:02pm
walk time, catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,783
  • May 19, 2018 3:34pm May 19, 2018 3:34pm
Quoting billytt
walk time, catch you later
Love this song. Died 1970 unbelievable.
Inserted Video
  • #28,784
  • May 19, 2018 5:10pm May 19, 2018 5:10pm
Quoting samuel2133
You too Lem, let me know if i become annoying. lol.
No worries

Answering sensible, considered, questions is never any problem. I think that goes for any of us here.

While I am on - one thing that should also be kept in mind when you are running any of Billy's bars, is that you have the backing of his stats.

For the AU H4 for instance, we know that if the first move fails, his stats show that the reverse will go back on through and hunt the daily range in ''X'' percent of the moves. This is why we are not overly concerned with the prospect of having 15 counters running at any one time - stats tell us that that is just not going to happen in any statistically relevant way.

Because of this, we are playing with a deck stacked in our favour.

This is not just us simply trading any random bar.
  • #28,785
  • May 19, 2018 7:27pm May 19, 2018 7:27pm
I was thinking...

If we have a high % win rate, instead of doing hedging...

Why don't use just a SL, and if the trade goes bad, next day we double the size. We have the backing of stats, so we should stay quiet because we know it's more probable a win instead of a loss

Obviously for have more margin, we should start with a smaller size.

If i said something stupid, nevermind, just ignore it.
  • #28,786
  • May 19, 2018 7:59pm May 19, 2018 7:59pm
Quoting claudia1
{quote} Love this song. Died 1970 unbelievable. https://www.youtube.com/watch?v=7uG2...=RDjn7dKI3fbYg
i too like this song, tragic end to a unique singer
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,787
  • May 19, 2018 8:00pm May 19, 2018 8:00pm
i should be sleeping now lol.
we went to a friends house, sat outside with a log fire....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,788
  • May 19, 2018 8:00pm May 19, 2018 8:00pm
Quoting MrGreen95
I was thinking... If we have a high % win rate, instead of doing hedging... Why don't use just a SL, and if the trade goes bad, next day we double the size. We have the backing of stats, so we should stay quiet because we know it's more probable a win instead of a loss Obviously for have more margin, we should start with a smaller size. If i said something stupid, nevermind, just ignore it.
Yeah, that's an option. If it suits your style and works for you, then run with it.

The thing with the counter is that until you close that limbo trade out, it is still possible to end up with both open trades finishing in profit.

An example of this is seen earlier in the week (I think) where I unintentionally countered myself by both buying and selling a different JPY pair. Due to my playing the movements of both pairs, I was able to close both trades in profit (greened up the board), whereas if you went by "the book" I should have profited on one and lost on the other.

Even If you don't play it all the way to the end and finish completely green, it is still easily possible to reduce the floating loss to a lesser amount before closing out the negative side.

With a stop, as soon as that trade is closed, that money is gone.
  • #28,789
  • May 19, 2018 8:04pm May 19, 2018 8:04pm
Quoting billytt
i should be sleeping now lol. we went to a friends house, sat outside with a log fire....
Me too, though no log fire outside...I'm watching an arena football game, which at the moment, with the second half just kicked off, is sitting at 30 - 32.
  • #28,790
  • May 19, 2018 8:10pm May 19, 2018 8:10pm
Quoting MrGreen95
I was thinking... If we have a high % win rate, instead of doing hedging... Why don't use just a SL, and if the trade goes bad, next day we double the size. We have the backing of stats, so we should stay quiet because we know it's more probable a win instead of a loss Obviously for have more margin, we should start with a smaller size. If i said something stupid, nevermind, just ignore it.
On paper, my method/s should not work as the risk reward is not good.
One bad trade could kill the others, but like i say, it is how i deal with a Fail and preventative trades.
We can trade with a stop and with no problem.

I sold 3 variations of my method and the main selling point was IT DOES NOT LOSE. You cannot lose with a counter.
( an argument can be made with that statement).
i did not trade with smaller size as i was doing it for a living and building my pot to buy property.
I did compound but that is a different story all together.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,791
  • May 19, 2018 8:11pm May 19, 2018 8:11pm
Quoting lemercenaire
{quote} Me too, though no log fire outside...I'm watching an arena football game, which at the moment, with the second half just kicked off, is sitting at 30 - 32.
yes, it ended a draw lol.
JOKING
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,792
  • May 19, 2018 8:19pm May 19, 2018 8:19pm
Sam. Lem posted just before a good one. i shall repeat it lol.

The 00-00 4 hour bar... if one end fails the other will normally hit the Average Daily High/Low.

The 04-00 4 hour bar, if one end fails the other normally gets +20

The above 2 bars can now be used together like indies.

Whilst all this is going on, we then might have an inside bar lol AND levels to aim for...

i get into a trade and it is like a machine..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,793
  • May 19, 2018 8:21pm May 19, 2018 8:21pm
i hate saying risk reward lol.....

it pees me off when i see threads and the guru says we should risk 10 to make 5 billion, so we can have a few billion losses in a row and still win wt ?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,794
  • May 19, 2018 8:24pm May 19, 2018 8:24pm
i cannot believe we have newts swimming around in the pond...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,795
  • May 20, 2018 1:52am May 20, 2018 1:52am
Quoting billytt
i cannot believe we have newts swimming around in the pond...
Morning everyone
lovely and sunny here.
I haven't seen newts for years. I used to take my young cub to a disused quarry many years ago, and we used to find newts under stones where the water had dried out.
We have a fish pond which is about thirty years old , and some of the gold fish are at least twenty, but we never get any frogs or newts in it, it could be because it is built up, my red eared terrapin lived in the pond for years, I have had to net it as a heron has decided to move in with us.
My all time favourite pastime is rock pooling, and I'm nearly sixty lol.
regards
Kev
  • #28,796
  • May 20, 2018 1:55am May 20, 2018 1:55am
Quoting billytt
i cannot believe we have newts swimming around in the pond...
Hi Billytt.
Meant to ask.
How are you getting on with the bee hive ?
regards
Kev
  • #28,797
  • May 20, 2018 3:59am May 20, 2018 3:59am
Quoting kevin1959
{quote} Morning everyone lovely and sunny here. I haven't seen newts for years. I used to take my young cub to a disused quarry many years ago, and we used to find newts under stones where the water had dried out. We have a fish pond which is about thirty years old , and some of the gold fish are at least twenty, but we never get any frogs or newts in it, it could be because it is built up, my red eared terrapin lived in the pond for years, I have had to net it as a heron has decided to move in with us. My all time favourite pastime is rock pooling,...
I'I too have a soft spot for newts. Same thing with me and a quarry, a beautiful mysterious place known locally as The Goasties. Frogs, toads and especially newts thrived.

I'd be 10 going into my teens or so.

I used to clamber up this steep shale slope made up of fossils (amazing in their own right) and hanging from a tree with one arm, fish them out as they popped up to the surface.

I had a special aquarium all set up, a microclimate mimicking where they came from and I'd keep them in there for a month or so max, feeding them micro-worm live food, just observing them do their stuff and then take them back up and pop them back home.

A few years back, I took a wander back to see the place and got a chill in my gut as I could see electricity pylons across the landscape.

My heart sunk when I got there and saw a pylon right on the edge and the moronic piles of s*** had dumped a huge amount of gravel aggregate down the hill and into the pool (not to mention all the trees gone).

There was still some signs of life and I hope the wildlife would reclaim it but really...mankind is a scourge on the planet.

Go newts!
  • #28,798
  • May 20, 2018 4:01am May 20, 2018 4:01am
Oh and you won't have frogs in your pond, as if you have 20yr old goldfish, they will eat every bit of life in the pool!
  • #28,799
  • May 20, 2018 4:22am May 20, 2018 4:22am
Quoting lemercenaire
Oh and you won't have frogs in your pond, as if you have 20yr old goldfish, they will eat every bit of life in the pool!
Hi Lem.
I never even give that a thought.
I do get baby gold fish every year but these will be the lucky ones.
I have a weed in the pond called elodia which the fish lay there eggs and gives plenty of hiding areas.
  • #28,800
  • May 20, 2018 4:34am May 20, 2018 4:34am
Quoting lemercenaire
{quote} I'I too have a soft spot for newts. Same thing with me and a quarry, a beautiful mysterious place known locally as The Goasties. Frogs, toads and especially newts thrived. I'd be 10 going into my teens or so. I used to clamber up this steep shale slope made up of fossils (amazing in their own right) and hanging from a tree with one arm, fish them out as they popped up to the surface. I had a special aquarium all set up, a microclimate mimicking where they came from and I'd keep them in there for a month or so max, feeding them micro-worm...
When I was around that age I lived in a place called Ponteland near Newcastle airport.
In the middle of a farmers field there was a frog pond, but fenced off with barbed wire, we were warned consistently about not going any where near.
We used to climb in and out of the barbed wire.
One day my mate got his ear stuck on the barbed wire and was squealing quite loud.
I thought I was doing him a favour and just pulled him of, this was a big mistake, and he was never allowed to play out with me again.
We still did though.
This area is now a housing estate
regards
Kev
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