Billytt Die happy trading e/j daily breakout | Page 1574 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #31,461
  • Jul 6, 2018 3:00pm Jul 6, 2018 3:00pm
Quoting billytt
{quote} This is what happened.. NFP release, it went Long stalled then started to drop. i entered and then it went back up and i was slaughtered lol. It then dropped again and i re claimed most of the loss. end of story.....
Boing, Boing, Boing, Billy...

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  • #31,462
  • Jul 6, 2018 3:17pm Jul 6, 2018 3:17pm
Quoting lemercenaire
{quote} Boing, Boing, Boing, Billy... {image}
That is what happened precisely.. boing boing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,463
  • Jul 6, 2018 4:40pm Jul 6, 2018 4:40pm
Quoting billytt
{quote} That is what happened precisely.. boing boing
And so to bed

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #31,464
  • Jul 6, 2018 5:23pm Jul 6, 2018 5:23pm
i am busy watching old concerts of Deep Purple from the 70s, simply AWESOME
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,465
  • Jul 6, 2018 5:31pm Jul 6, 2018 5:31pm
Quoting billytt
i am busy watching old concerts of Deep Purple from the 70s, simply AWESOME
Here you go. Lem will love the guitar intro.

http://https://www.youtube.com/watch?v=01-2-7_IRFA
  • #31,466
  • Jul 7, 2018 3:17am Jul 7, 2018 3:17am
Quoting lemercenaire
{quote} Hi turnip15. ''Sorry -is the chart UK time ?'' Nope - it's simply the chart of the broker I use for this method (I use different brokers/screens for each of my methods and place all my different trades on a separate broker). My start time on this is wherever this corresponds to my own time at that moment in the UK. ''Pre-US open ? -what time please? '' Yeah, that's my shorthand. It used to be labelled ''The Previous H1 Pre-Us Open Break'' - catchy, eh?! The range is from the High, Low and Mid-line of the H1 candle immediately before the...
Hi all great thread!!
To Lem or others who do counter trade
Can you describe how you counter trade. Do you have a mechanical way to do it? you hedge with 200 %, is it aggressive 200 % at once or like a grid ?? When do you give up if price goes too far away from the entry price??? X pips or y % of equity or just a feeling?
Thank you
Jan
  • #31,467
  • Jul 7, 2018 4:30am Jul 7, 2018 4:30am
Quoting claudia1
{quote} Here you go. Lem will love the guitar intro. http://https://www.youtube.com/watch?v=01-2-7_IRFA
Hi Claudia, i was watching that concert when you posted it .lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,468
  • Jul 7, 2018 4:31am Jul 7, 2018 4:31am
Quoting janus64
{quote} Hi all great thread!! To Lem or others who do counter trade Can you describe how you counter trade. Do you have a mechanical way to do it? you hedge with 200 %, is it aggressive 200 % at once or like a grid ?? When do you give up if price goes too far away from the entry price??? X pips or y % of equity or just a feeling? Thank you Jan
Hi, Lem will answer, lol yaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,469
  • Jul 7, 2018 4:32am Jul 7, 2018 4:32am
Quoting janus64
{quote} Hi all great thread!! To Lem or others who do counter trade Can you describe how you counter trade. Do you have a mechanical way to do it? you hedge with 200 %, is it aggressive 200 % at once or like a grid ?? When do you give up if price goes too far away from the entry price??? X pips or y % of equity or just a feeling? Thank you Jan
Hello and welcome. i will also answer later.

Hope you are ok with this.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,470
  • Jul 7, 2018 6:11am Jul 7, 2018 6:11am
Quoting billytt
{quote} This is what happened.. NFP release, it went Long stalled then started to drop. i entered and then it went back up and i was slaughtered lol. It then dropped again and i re claimed most of the loss. end of story.....
Hi Billytt.
I also got slaughtered.
I was chasing my £470 loss from the 4th July.
A nice big bearish candle at 2.00pm on the 5th July give me the confidence that it was going down, so I added two more sell trades around 1.3250.
It went down to 1.3200 and stalled.
Stupidly even though it was bouncing around on the round number I left it to fall further.
On the 6th July price once again rebounded of 1.3250 and back down to 1.3200 given me another chance to get out with a nice profit, also yesterdays resistance had turned to support.
to cut a long story short the NFP took price up to 1.3268, then started to drop, again given me chance to get out of the two sell trades at 1.3245.
Instead of getting out I stubbornly waited to see if it would go back to the daily pivot.
What happened next was a car crash, and I deserve a good kicking lol.
The good news is there's always next week.
have a good weekend everyone, and enjoy the football if watching.
regards
Kev
  • #31,471
  • Jul 7, 2018 6:35am Jul 7, 2018 6:35am
Good lunch guys
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  • #31,472
  • Jul 7, 2018 7:07am Jul 7, 2018 7:07am
Quoting janus64
{quote} Hi all great thread!! To Lem or others who do counter trade Can you describe how you counter trade. Do you have a mechanical way to do it? you hedge with 200 %, is it aggressive 200 % at once or like a grid ?? When do you give up if price goes too far away from the entry price??? X pips or y % of equity or just a feeling? Thank you Jan
Hello Jan and welcome.
First, i advise all to use a stop this way you know how much you will lose if it happens....

Example, let us have an imaginary trade off a candle with a 20 Range...
So we enter short ....and then it retraces up to break High.
With a stop we lose ???? lets say 20 pips, we lose the 20 pips....
I will counter at minus 20 , this means if it keeps going up i will always only have a minus 20 pip running.
If it drops down again i will only have a minus 20 pip running.
THE TRADE IS HELD IN LIMBO.....UNTIL THE NEXT TRADE.
You speak of a grid??? i do not have a grid which is graded , for instance every 10/20 /30 pips etc but the way i trade it is loosely based off a random grid. So is the bot.
That is the first part.... Hold a fail in LIMBO
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,473
  • Jul 7, 2018 7:31am Jul 7, 2018 7:31am
Quoting kevin1959
{quote} Hi Billytt. I also got slaughtered. I was chasing my £470 loss from the 4th July. A nice big bearish candle at 2.00pm on the 5th July give me the confidence that it was going down, so I added two more sell trades around 1.3250. It went down to 1.3200 and stalled. Stupidly even though it was bouncing around on the round number I left it to fall further. On the 6th July price once again rebounded of 1.3250 and back down to 1.3200 given me another chance to get out with a nice profit, also yesterdays resistance had turned to support. to cut...
sorry to hear about the loss.
Be careful with candles, i can see where you are coming from though.
NFP yesterday could of been profitable but it did not quite run like it normally does.

Like i always say, i trade of a specific bar and at a specific time.This can be recorded as Frequency Distribution Stats where as a candle cannot. (or a different time candle. Hitting a daily pivot is very good, but for me it isnt good enough.
Was it SB who said i use shot gun effect? UK open BOOM close trade, i trade numbers/stats/lines gf says i have some sort of ocd lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,474
  • Jul 7, 2018 9:05am Jul 7, 2018 9:05am
Quoting billytt
{quote} sorry to hear about the loss. Be careful with candles, i can see where you are coming from though. NFP yesterday could of been profitable but it did not quite run like it normally does. Like i always say, i trade of a specific bar and at a specific time.This can be recorded as Frequency Distribution Stats where as a candle cannot. (or a different time candle. Hitting a daily pivot is very good, but for me it isnt good enough. Was it SB who said i use shot gun effect? UK open BOOM close trade, i trade numbers/stats/lines gf says i have some...
Hi Billytt
thanks for the reply.
Don't know if it's any relevance, but looking at the 15 min chart on the NFP, when it reversed it went down to 50% of the prior bullish candle, then shot back up
regards
Kev
  • #31,475
  • Jul 7, 2018 9:23am Jul 7, 2018 9:23am
Quoting kevin1959
{quote} Hi Billytt thanks for the reply. Don't know if it's any relevance, but looking at the 15 min chart on the NFP, when it reversed it went down to 50% of the prior bullish candle, then shot back up regards Kev
Well you know my thoughts on the 50-Fib. It will reward those who pay attention to it and punish those who don't.
  • #31,476
  • Jul 7, 2018 9:27am Jul 7, 2018 9:27am
Quoting janus64
{quote} Hi all great thread!! To Lem or others who do counter trade Can you describe how you counter trade. Do you have a mechanical way to do it? you hedge with 200 %, is it aggressive 200 % at once or like a grid ?? When do you give up if price goes too far away from the entry price??? X pips or y % of equity or just a feeling? Thank you Jan
Hi Janus,

I gave a detailed roundup and explanation of how I run my specific counter style sometime not that long ago.

I know MrGreen snipped the post out and as I can't remember where it is perhaps he can point you in the right direction?
  • #31,477
  • Jul 7, 2018 10:34am Jul 7, 2018 10:34am
Quoting kevin1959
{quote} Hi Billytt thanks for the reply. Don't know if it's any relevance, but looking at the 15 min chart on the NFP, when it reversed it went down to 50% of the prior bullish candle, then shot back up regards Kev
i think with NFP, anything goes.
My friend says it was obvious it was going to go up and he traded it.
He is a pro trader though lol. i am a lines crafts man.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,478
  • Jul 7, 2018 11:46am Jul 7, 2018 11:46am
Quoting lemercenaire
{quote} Well you know my thoughts on the 50-Fib. It will reward those who pay attention to it and punish those who don't.
Hi Lem.
Lesson learnt.
It's only looking back after the event that I noticed.
I will be a lot more careful in the future
Regards
Kev
  • #31,479
  • Jul 7, 2018 12:02pm Jul 7, 2018 12:02pm
Quoting billytt
{quote} i think with NFP, anything goes. My friend says it was obvious it was going to go up and he traded it. He is a pro trader though lol. i am a lines crafts man.
Hi Billytt.
The only clues that I can see looking on the 15min chart is the big bearish candle the day before and price bounced around the high of the present day
I could have used your 00 to 4.00 hr bar
Lem's dead zone, and Claudia's hourly above the daily pivot for direction.
My problem seem's to be letting price go to far against me, and this then clouds my thinking and decision making,
Regards
Kev
  • #31,480
  • Jul 7, 2018 12:05pm Jul 7, 2018 12:05pm
My other half is on a hen do in about half an hour.
I'm babysitting a Chiwawa
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