Billytt Die happy trading e/j daily breakout | Page 1495 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #29,881
  • Jun 1, 2018 3:07am Jun 1, 2018 3:07am
Quoting lemercenaire
{quote} I see Billy has already answered on this and what I would add on this is that you need to adjust how you are viewing the counter trade technique. To have 12 trades or whatever running all at the same time while trying to unwind the first one is a failure of technique. (Sorry, I am not trying to be rude, that came across a bit blunt, lol). This fail and fail and fail again can happen if the counter is too large, that is that the buy and sell entries are too far apart, so what you get is price continually either just triggering and turning...
I was talking about this one
  • #29,882
  • Jun 1, 2018 3:09am Jun 1, 2018 3:09am
Quoting billytt
morning all.... t 08-35.. Cable...... The 08-00 15 min bar Low ALMOST BROKE,,, almost is not good enough. It then broke High and made 8, yaaaaaaaaaaaaaaaaaaaaaaaaaay I DID NOT TRADE IT.....Today is a no trade day. Ok, after NFP i might stick a trade on after the move. maybe..
Hello Billy, how do you get the extra pips...i use a take profit of 5 but wondering if i should take it off and close manually.....i wonder how you would know that it's still going in your direction and you dont panic and close too early....today's 5 were nice and easy...maybe i should get out of the market for the day as well.
  • #29,883
  • Jun 1, 2018 3:10am Jun 1, 2018 3:10am
Quoting lemercenaire
{quote} My account management is very similar to Billy's. I aim for +5% per day and will run targets of +5% per trade. My day-to-day trade account is larger (I don't really want to get into the actual size here) and I will also feed it to keep it liquid should I need to if I did get stuck in any kind of mad multi-trade scenario. I have had to do this once in the last year or so and that was simply because I was running a couple of long time-frame trades on the same account and wanted to add-in and counter-trade pull-backs as they developed. Since...
The above is very similar to what i do, i was trading with a £1k bank and the big boy.
Then my gf gave me £117k to play with, this is when i said i would make her 6% lol.. she is over 50% up. once i stop trading for her i will be back to £1k bank and still chatting in here...yaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,884
  • Jun 1, 2018 3:11am Jun 1, 2018 3:11am
Quoting billytt
{quote} Cable did break that range and dropped to yesterdays modest low. and i think usd/cd broke low for a bit.
Resistance in the area - maybe drop now ?
every Saint has a past. Every Sinner has a Future
  • #29,885
  • Jun 1, 2018 3:14am Jun 1, 2018 3:14am
Quoting billytt
{quote} The above is very similar to what i do, i was trading with a £1k bank and the big boy. Then my gf gave me £117k to play with, this is when i said i would make her 6% lol.. she is over 50% up. once i stop trading for her i will be back to £1k bank and still chatting in here...yaaaaaaaaaaaaaaaaaaay
Nice stats Mr B, how long did it take you to make those 50%.
  • #29,886
  • Jun 1, 2018 3:15am Jun 1, 2018 3:15am
Quoting samuel2133
{quote} Morning Mr B, How long after NFP, do you place a trade? 15min 1h or more? What line do you use to trade it? Is it ADR? 4hr bar or anything else?
i use magic bones lol.

seriously, some people use a 5 minute bar, let it spike ,steady and see where the 5 bar closes.. Quite a good idea.
But with me... it is a play . i have a gut feeling then enter, usually trade the opposite way it has just moved. lol
So if it moves long for x, i then short.

I don't always trade nfp but it is fun...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,887
  • Jun 1, 2018 3:17am Jun 1, 2018 3:17am
Quoting turnip15
{quote} Resistance in the area - maybe drop now ?
Chart............
Attached Image (click to enlarge)
Click to Enlarge Name: Cable1.jpg Size: 554 KB
every Saint has a past. Every Sinner has a Future
  • #29,888
  • Jun 1, 2018 3:19am Jun 1, 2018 3:19am
Quoting billytt
{quote} i use magic bones lol. seriously, some people use a 5 minute bar, let it spike ,steady and see where the 5 bar closes.. Quite a good idea. But with me... it is a play . i have a gut feeling then enter, usually trade the opposite way it has just moved. lol So if it moves long for x, i then short. I don't always trade nfp but it is fun...
lol the magic bones is an original way to look at it loool

Ok thanks Billy, I will watch it today or trade a small size. I usually avoid the news, but yeah it can be fun (and rewarding)
  • #29,889
  • Jun 1, 2018 3:19am Jun 1, 2018 3:19am
Quoting turnip15
{quote} Resistance in the area - maybe drop now ?
Morning Mr T, That 18 move off the 08-00 open spooked me.
not sure if it was to kill the minnows, but i still think down..(personal thought) but i need the trigger.

we had another small daily range yesterday. it is going to go.
This could be today or next week, or even over weekend.

and as you know i trade lines and only for 5%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,890
  • Jun 1, 2018 3:23am Jun 1, 2018 3:23am
Quoting samuel2133
{quote} Nice stats Mr B, how long did it take you to make those 50%.
i wont say actually how long but i did say in here that i had started.....

AND i did something similar a couple of years ago and i had guys telling me i could not of been trading for 5% because the figures did not add up. lol
Don't forget i compound too. AND THAT IS A RIDDLE??????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,891
  • Jun 1, 2018 3:27am Jun 1, 2018 3:27am
Quoting turnip15
{quote} Chart............ {image}
Good info Mr T. Those sort of consol breaks are not my normal methods,
Personally i would of looked at the original break of the consol range and thats that.
you could well have an excellent point.
I would like to see it break 13267 and that should be wicked..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,892
  • Jun 1, 2018 3:29am Jun 1, 2018 3:29am
Yes, I remember now. It has been 1 month or 1 month and half, I think, you said that.
  • #29,893
  • Jun 1, 2018 3:30am Jun 1, 2018 3:30am
By rights, i should be long on cable fixing that bad trade from yesterday, and even though it is early in the day i could well of been in trouble..
When in doubt stay out, i have next week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,894
  • Jun 1, 2018 3:30am Jun 1, 2018 3:30am
Quoting samuel2133
Yes, I remember now. It has been 1 month or 1 month and half, I think, you said that.
who said what???
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,895
  • Jun 1, 2018 3:33am Jun 1, 2018 3:33am
Quoting billytt
By rights, i should be long on cable fixing that bad trade from yesterday, and even though it is early in the day i could well of been in trouble.. When in doubt stay out, i have next week.
actually,looking at tocdays move up, i probably would of almost fixed the bad trade and got the 5% ..

That is so easy to say after the event, BUT you guys know how i trade so you would of seen it happen.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,896
  • Jun 1, 2018 3:41am Jun 1, 2018 3:41am
Quoting billytt
{quote} who said what???
Trading your gf account.

GU today is indecisive. It didn't choose a direction yet. 13295 / 13276, good candidate for a breakout play... I think
  • #29,897
  • Jun 1, 2018 3:44am Jun 1, 2018 3:44am
Quoting samuel2133
{quote} Trading your gf account. GU today is indecisive. It didn't choose a direction yet. 13295 / 13276, good candidate for a breakout play... I think
ok,sorry.It is longer
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,898
  • Jun 1, 2018 3:44am Jun 1, 2018 3:44am
Quoting samuel2133
{quote} Trading your gf account. GU today is indecisive. It didn't choose a direction yet. 13295 / 13276, good candidate for a breakout play... I think
i traded for my ex gf and the greek girl and her friend, that seems a life time ago.oooooooooooooooooo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,899
  • Jun 1, 2018 4:00am Jun 1, 2018 4:00am
Thanks Billy and lem, good to see others trading
Double the account
  • #29,900
  • Jun 1, 2018 4:11am Jun 1, 2018 4:11am
i will catch you later, trade well.
Don't forget it is NFP day..

i have animals to feed then gym
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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