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Billytt Die happy trading e/j daily breakout

  • #28,921
  • May 21, 2018 2:25pm May 21, 2018 2:25pm
Quoting samuel2133
{quote} Yes Lem as soon as I stop worrying while trading, I can fully enjoy that free time i have. For the time being, I am more of using my free time reading and watching charts. lol and I have been trading for almost a year. I am a slow learner.
Hey, don't get me wrong - I love trading! That's why I'm here at 22:25 to be exact, just jawin' about charts and trades with friends.

I trade because it gives me options.

I can trade for 20 secs first thing in the morning and then go do whatever...or I can trade all day.

Point is, I will be just as happy to do either.

That's the way you want to be.
  • #28,922
  • May 21, 2018 2:27pm May 21, 2018 2:27pm
Quoting lemercenaire
{quote} The thing with flags...they can often blow over your eyes and you can't see what's in front of you. You will notice one thing on this thread. We don't - in general - follow candlestick patterns as such. Yes we know what a doji is, or a pin...we may even do a dark engulfing cloud or two. However, you won't hear us rabbit on about flags and pennants and unless you add volume data to these patterns, they are not necessarily indicative of much of anything anyway. What you should be paying attention to is the Pivot Line. When we get price banging...
-When trading in the moment, it is not scientific but I am sure that your mind can't take more than 2 obvious triggers to make a decision. So yeah, this is why you guys seasoned traders and Billy say to not add more stuff.
-50% fib trick, wow, never seen this anywhere, another alien creation.
  • #28,923
  • May 21, 2018 2:28pm May 21, 2018 2:28pm
Quoting lemercenaire
Quick check of The Dead Zone (on UC, as that's where all the cool kidz hang) and without going into it in any detail, it is obvious that you would have bagged the percents playing it pretty much any way you wanted it. {image} Any excuse for some music... https://www.youtube.com/watch?v=1ACD_qmrsvc
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  • #28,924
  • May 21, 2018 2:31pm May 21, 2018 2:31pm
Quoting samuel2133
{quote} -When trading in the moment, it is not scientific but I am sure that your mind can't take more than 2 obvious triggers to make a decision. So yeah, this is why you guys seasoned traders and Billy say to not add more stuff. -50% fib trick, wow, never seen this anywhere, another alien creation.
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There are subtleties to it but yes, add the level at candle's open and the area between there and the 50 is the place you want price to be.
  • #28,925
  • May 21, 2018 2:31pm May 21, 2018 2:31pm
Quoting lemercenaire
{quote} Hey, don't get me wrong - I love trading! That's why I'm here at 22:25 to be exact, just jawin' about charts and trades with friends. I trade because it gives me options. I can trade for 20 secs first thing in the morning and then go do whatever...or I can trade all day. Point is, I will be just as happy to do either. That's the way you want to be.
Dog is convinced you live here.
  • #28,926
  • May 21, 2018 2:32pm May 21, 2018 2:32pm
Quoting lemercenaire
{quote} Hey, don't get me wrong - I love trading! That's why I'm here at 22:25 to be exact, just jawin' about charts and trades with friends. I trade because it gives me options. I can trade for 20 secs first thing in the morning and then go do whatever...or I can trade all day. Point is, I will be just as happy to do either. That's the way you want to be.
Yes Lem, that's right. I love trading too. That's why I am here and that's why I didn't give up, especially during the first months. That's why I prefer to test new things that stay in a comfort zone because I know that doing certain things will make my trading enjoyable.
  • #28,927
  • May 21, 2018 2:33pm May 21, 2018 2:33pm
Quoting claudia1
{quote} https://www.youtube.com/watch?v=hqDqzGG8ba0
Emmylou was one of the first live gigs I saw, in Glasgow. She still had black hair, lol.
  • #28,928
  • May 21, 2018 2:33pm May 21, 2018 2:33pm
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  • #28,929
  • May 21, 2018 2:34pm May 21, 2018 2:34pm
Quoting claudia1
{quote} Dog is convinced you live here.
I am a multi-dimensional being.
  • #28,930
  • May 21, 2018 2:37pm May 21, 2018 2:37pm
I will leave you with this slice of genius...

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Virgil Caine is the name...
  • #28,931
  • May 21, 2018 2:42pm May 21, 2018 2:42pm
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  • #28,932
  • May 21, 2018 2:54pm May 21, 2018 2:54pm
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  • #28,933
  • May 21, 2018 2:54pm May 21, 2018 2:54pm
And...................
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every Saint has a past. Every Sinner has a Future
  • #28,934
  • May 21, 2018 3:31pm May 21, 2018 3:31pm
Quoting lemercenaire
{quote} The thing with flags...they can often blow over your eyes and you can't see what's in front of you. You will notice one thing on this thread. We don't - in general - follow candlestick patterns as such. Yes we know what a doji is, or a pin...we may even do a dark engulfing cloud or two. However, you won't hear us rabbit on about flags and pennants and unless you add volume data to these patterns, they are not necessarily indicative of much of anything anyway. What you should be paying attention to is the Pivot Line. When we get price banging...
Got it. Thank you Lem.

P.S How do you get this pivot line? Is Claudia's indicator?
  • #28,935
  • May 21, 2018 3:49pm May 21, 2018 3:49pm
Quoting MrGreen95
{quote} Got it. Thank you Lem. P.S How do you get this pivot line? Is Claudia's indicator?
No, this is my broker's own online platform and indicators.

The same applies to Claudia's.
  • #28,936
  • Edited 4:55pm May 21, 2018 4:38pm | Edited 4:55pm
Quoting zghnno
{quote} Hi Billy, can you please explain this? Do you mean trade number 3 when the low fails? Or do you mean not 3rd trade (if not third, what is it?) Regards
erm no idea lol....
let me explain.
i have a trade High (1st trade) and it fails.

So i counter short (1st counter) and i also place a second trade short ( 2nd trade)

The second trade fails so i counter with a 2nd counter and that is it.....

i do not want to add other trades on because it can lead to huge lot sizes especially when countering...

Just hold the trades in limbo and work on them...
Like i say, Whip kills and we try to avoid, it happens but not often
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,937
  • May 21, 2018 4:40pm May 21, 2018 4:40pm
Quoting lemercenaire
{quote} That's WHY I trade
same here i suppose,,,, we have friendly people here so just chat and help out.....
i am online instead of watching tv lol...
play music and chill. i do not trade like i used to but it still happens..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,938
  • Edited 11:20pm May 21, 2018 4:43pm | Edited 11:20pm
Quoting MrGreen95
The power of trendlines. I see a nice flag. {image}
i think Lem & claudia answered this one lol.
people see flags i see levels....

AND they are not consistent enough....

edit,,,the flags are not consistent enough,(not Lem and Claudia) lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,939
  • May 21, 2018 4:46pm May 21, 2018 4:46pm
Quoting lemercenaire
{quote} Hey, don't get me wrong - I love trading! That's why I'm here at 22:25 to be exact, just jawin' about charts and trades with friends. I trade because it gives me options. I can trade for 20 secs first thing in the morning and then go do whatever...or I can trade all day. Point is, I will be just as happy to do either. That's the way you want to be.
yes indeed, trading is fun.......

i think something clicks in your head and you realise what the big guys are doing and you know the pitfalls....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,940
  • May 21, 2018 4:51pm May 21, 2018 4:51pm
Quoting samuel2133
{quote} -When trading in the moment, it is not scientific but I am sure that your mind can't take more than 2 obvious triggers to make a decision. So yeah, this is why you guys seasoned traders and Billy say to not add more stuff. -50% fib trick, wow, never seen this anywhere, another alien creation.
forget when i might trade Dax for fun which was ages ago.

i have one pair currently Cable and one trigger line.
If that trigger /trade fails it is next phase to fix and still get the 5%.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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