Billytt Die happy trading e/j daily breakout | Page 1445 | 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

  • #28,881
  • May 21, 2018 4:35am May 21, 2018 4:35am
Quoting lemercenaire
{quote} First off - trading from your phone! Tried it once as a necessity and never, ever, again. Rather you than me - but I digress. It's difficult to fully answer the question as it will come down to risk - or perceived risk. I will say that I have, in the past sat down -10 but I was fading the move and fully expecting the turn, so it was a wholly calculated risk. What you should make note of in your post and I note Mr-G's response also is that both of you say you didn't take a move because "I wasn't confident enough". Well, that there is all...
Yes Lem. Mileage under my belt is needed. Will be running the setup for at least one month. But I love it.

Yes using my phone was horrible, last time i do it. I couldn't resist the price going under 13400 for the first time. So I took more. Yes, I was also confident enough it will bounce and seems that I took one of the lowest of the day. we will see by the end of the day.
  • #28,882
  • May 21, 2018 4:38am May 21, 2018 4:38am
Anyway, guys.

I actually only dropped in to say I am going to drop my servers offline for most of the rest of the day.

I have had scheduled maintenance due for the last week or so and I really should take the time to get it done.

I'm writing these posts on my phone (trading on a phone must be the pits, lol) and I need to go do that now.

So...trade well all and I will catch y'all later.
  • #28,883
  • May 21, 2018 4:42am May 21, 2018 4:42am
Quoting samuel2133
{quote} Yes Lem. Mileage under my belt is needed. Will be running the setup for at least one month. But I love it. Yes using my phone was horrible, last time i do it. I couldn't resist the price going under 13400 for the first time. So I took more. Yes, I was also confident enough it will bounce and seems that I took one of the lowest of the day. we will see by the end of the day.
One last thing then, about this kind of situation.

The FIRST thing to do is check where price is in relation to the last day's WZ. That will help give you confidence in any perceived directional bias.

Check the Daily Pivot.

Finally, the Weekly Open.

These are the three most powerful lines we can take information from. Simple and effective.
  • #28,884
  • May 21, 2018 5:11am May 21, 2018 5:11am
Quoting samuel2133
{quote} Good point here Mr Green. GU So here you go. I took 4 times the loss size. In my mind it has to bounce back, as it always does. If we were in a crash scenario, I would have margin call. But since no red news today and holidays, I thought it won't move that much past 13400. Why did I take that many buys? -Well, close to round number 13400 (first time we touch it since a long time, so must have a reaction there) -We have already been going down during the night so a retrace was due. What I would have done differently to limit risk, is simply...

Thank you.

So, basically, you had would waited the price coming up back in the body after closed the short for 5 pips, right?
  • #28,885
  • Edited 5:41am May 21, 2018 5:22am | Edited 5:41am
UC Dead Zone, +5.9 pips

Why my bias was for a long:

Price made triple bottom on DPV and notiche the marubozu back,these candles often occurs for break important levels, so more worth to the triple bottom.
Price was far from the Weekly Open

Maybe only luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UC2.jpg Size: 269 KB
Click to Enlarge Name: UC1.PNG Size: 44 KB
  • #28,886
  • May 21, 2018 5:24am May 21, 2018 5:24am
Just wrestled another 5 pips from the usdcad deadzone.....hope i got it right lem
Attached Image
  • #28,887
  • May 21, 2018 5:29am May 21, 2018 5:29am
GOLD - Missed this momo candle breakout under the weekly low.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.PNG Size: 45 KB
  • #28,888
  • May 21, 2018 6:13am May 21, 2018 6:13am
Sam's EJ play for the day. A quick 5, short. Waited patiently for my level to be reached.

I am done for the day. EJ daily have a high chance to end as an inside bar. Interesting for tomorrow.

good luck everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-05-21 at 1.11.52 PM.png Size: 311 KB
  • #28,889
  • May 21, 2018 6:17am May 21, 2018 6:17am
Quoting Pipradar
{quote} Enjoy the day Mr B, i believe this is you on your first visit. L.O.L. yAAAAY. {image}
yaaaaaaaaaaaay i love it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,890
  • May 21, 2018 6:22am May 21, 2018 6:22am
Quoting MrGreen95
Okay, i have exercised with the hedging (demo) I have opened both long and short because there was a break; then, when the price has taked a direction following also my bias, i have recovered the limbo and taked it at BE
Hi... i am not a demo person but i do think hedging/countering can be done on demo.
I actually do think it is a good exercise and you can develop your trading skill.
Example. you may be 15 in limbo and reduce it to 10 or whatever?.

a reduction is a reduction.
BUT............always stick to the method and no lucky trades....
stats cannot be compiled on luck...

nice one..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,891
  • May 21, 2018 6:27am May 21, 2018 6:27am
AU That one looks interesting
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-05-21 at 1.29.28 PM.png Size: 280 KB
  • #28,892
  • May 21, 2018 6:28am May 21, 2018 6:28am
[quote=samuel2133;11080526]Morning all. Traded off my smartphone, as I am outside right now. Anyways, I am still out, can't publish what I did but it was messy. Still. The 15min bar broke both up low and high and I started the battle with a 10pips deficit. Eventually I came up as a winner but it was very hard today. I didn't follow the reverse trade as I was already

Hi Samuel,,,, today was a nasty day with Cable....

i actually had a gut feeling that things were not right ( LETS CALL THIS LUCK).

A small 08-00 15 min bar with 8 range is trouble..
(not always) especially if we have news.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,893
  • May 21, 2018 6:30am May 21, 2018 6:30am
Mr G or Inception, please tell me the UC dead zone post please. Thanks.

Edit: I mean rules of course, thanks
  • #28,894
  • May 21, 2018 6:32am May 21, 2018 6:32am
Quoting MrGreen95
{quote} For what my answer is worth... If price break both up and down, i just wait in the limbo until it takes a direction for recover, in this case, short. I' am not still confident to trade the return in the body's candle, so i just let the price take a direction for add position and ride it. But i'll train also the trades back in the body If you are asking why I didn’t entered long at the second breakout, it is because my bias was more bearish instead of bullish {image}
i too have these thoughts of concern, That is why we perfect our own trading style.

The way Claudia trades, i could not do it .BUT IT IS SUCCESSFUL.
Lem and i have similar ways.....

I primarily let the big boys make a move and i follow in their footsteps....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,895
  • May 21, 2018 6:36am May 21, 2018 6:36am
Quoting lemercenaire
{quote} One last thing then, about this kind of situation. The FIRST thing to do is check where price is in relation to the last day's WZ. That will help give you confidence in any perceived directional bias. Check the Daily Pivot. Finally, the Weekly Open. These are the three most powerful lines we can take information from. Simple and effective.
Thanks Lem. Will do. Thanks for the tip.

I only add to these lines: yesterday's high and low. Nothing more. I keep it simple. Even the RSI is just there to be there, to be there. I rarely notice it.
  • #28,896
  • May 21, 2018 6:37am May 21, 2018 6:37am
[quote=samuel2133;11080526]Morning all. Traded off my smartphone, as I am outside right now. Anyways, I am still out, can't publish what I did but it was messy. Still. The 15min bar broke both up low and high and I started the battle with a 10pips deficit. Eventually I came up as a winner but it was very hard today. I didn't follow the reverse trade as I was already in the retrace direction? Yes I took a long as a first trade it failed. Then I was not confident at all to take a short as I thought, look left it has already dropped so the best best was a long. The rest of the story ended with taking a several longs until 95, little below 3400. And yes closed positions at 3412.. Right before it spiked. Anyways, very risky trading but profitable. Keep in mind, I was ready to take a second loss and move on. I will detail what I did later. My second thought was to take a back into the body first. As it has already dropped. Was the safest but again. Just a question guys, would you wait until you are down 10pips to do something? Your advice is valuable. I need to perfect this as this is the thing I am still working on.

As you know, i counter and i counter off a specific bar.
Once i trade my primary first trade i then wait until the next day for the same trade setup (same 08-00 15 min bar)

I DON'T JUST THEN TRADE A FIX BAR. i cut my probabilitry down of losing.
DON'T FORGET...IF YOU DO NOT TRADE YOU DO NOT LOSE..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,897
  • May 21, 2018 6:38am May 21, 2018 6:38am
Quoting mrgreen95
{quote} for what my answer is worth... If price break both up and down, i just wait in the limbo until it takes a direction for recover, in this case, short. I' am not still confident to trade the return in the body's candle, so i just let the price take a direction for add position and ride it. But i'll train also the trades back in the body if you are asking why i didn’t entered long at the second breakout, it is because my bias was more bearish instead of bullish {image}
i agree with that yes/no
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,898
  • May 21, 2018 6:40am May 21, 2018 6:40am
Quoting billytt
Quoting samuel2133
Morning all. Traded off my smartphone, as I am outside right now. Anyways, I am still out, can't publish what I did but it was messy. Still. The 15min bar broke both up low and high and I started the battle with a 10pips deficit. Eventually I came up as a winner but it was very hard today. I didn't follow the reverse trade as I was already in the retrace direction? Yes I took a long as a first trade it failed. Then I was not confident at all to take a short as I thought, look left it has already dropped so the best best
...
Yes buddy. I am not touching another trade now.

On another subject, hardest thing when not trading is related to my sugar free diet. When not trading or being busy with charts or having an occupation, I am tempted to take some icecream lol... hard. I go to gym but that's only 1 hour. lots of free time
  • #28,899
  • May 21, 2018 6:44am May 21, 2018 6:44am
[quote=samuel2133;11081073]{quote} Good point here Mr Green. GU So here you go. I took 4 times the loss size. In my mind it has to bounce back, as it always does. If we were in a crash scenario, I would have margin call. But since no red news today and holidays, I thought it won't move that much past 13400. Why did I take that many buys? -Well, close to round number 13400 (first time we touch it since a long time, so must have a reaction there) -We have already been going down during the night so a retrace was due. What I would have done differently to limit risk, is simply going long

ideally, this is what i should of done..

Enter Long and Fail.
then Counter Short with a second trade.

i actually should then of had another counter on Long. (NOT A THIRD TRADE)
i should of been running at -16 until next trade.

It never happened, i altered my range manually. and got out.

WHIP KILLS.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,900
  • May 21, 2018 6:46am May 21, 2018 6:46am
[quote=lemercenaire;11081075]{quote} First off - trading from your phone! Tried it once as a necessity and never, ever, again. Rather you than me - but I digress. It's difficult to fully answer the question as it will come down to risk - or perceived risk. I will say that I have, in the past sat down -10 but I was fading the move and fully expecting the turn, so it

I once traded off a mobile years ago ON A TRAIN lol..
1st i dropped the damn thing and then lost coverage yaaaaaaaaaaaaaay not.
I GOT HIT HARD AND PAID THE PRICE.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
50 traders viewing now