Billytt Die happy trading e/j daily breakout | Page 1592 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #31,821
  • Jul 23, 2018 4:56pm Jul 23, 2018 4:56pm
Quoting turnip15
Nearly 11 pm here but it's too warm to go to bed. Might get Turnip to open the door and let me out to wander the meadow this balmy evening. {image}
Hi Mr T, hope all is well..... same here with the weather ,it is sooooooooo barmy and not pleasant.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,822
  • Jul 23, 2018 4:57pm Jul 23, 2018 4:57pm
Quoting lemercenaire
{quote} Oh, Billy, Billy, Billy... {image}
love it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,823
  • Jul 23, 2018 4:58pm Jul 23, 2018 4:58pm
Quoting turnip15
{quote} The chart : {image}
thank you for the input...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,824
  • Jul 23, 2018 5:03pm Jul 23, 2018 5:03pm
Quoting billytt
{quote} He and his partners are fuelled by greed i suppose., simple as that. The company trade for others, plus sell tips and do seminars. A lot of traders want to make lots of pips and these people need to be addressed and looked after. Hence trading the daily range. A lot of people cannot believe you can receive a steady income with just a few percent ( ie, 5 pips daily) or spread over a week. I can see where the company is coming from but it is difficult. AND i am being paid for it yaaaaaaaaaaaay
I fail to understand the pre-occupation to make 50 pips etc from a trade. I am not a mathematician but I instinctively feel that collecting five pips from a set up is probably ( pun intended) more likely to happen. I would then be more likely to risk more per trade if my target is five. What is required is a good ratio of winners to losers and an approach to contain losses when they arise ?
every Saint has a past. Every Sinner has a Future
  • #31,825
  • Jul 23, 2018 5:13pm Jul 23, 2018 5:13pm
Quoting turnip15
{quote} I fail to understand the pre-occupation to make 50 pips etc from a trade. I am not a mathematician but I instinctively feel that collecting five pips from a set up is probably ( pun intended) more likely to happen. I would then be more likely to risk more per trade if my target is five. What is required is a good ratio of winners to losers and an approach to contain losses when they arise ?
yes indeed Mr T, but the majority of people trading are not like you and i .
They love the allure of PIPS....... Look at all the charts from all the hundreds of other threads, they all show billions of PIPS.
Traders love a PIP FEST. i think that is why they lose.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,826
  • Jul 23, 2018 5:15pm Jul 23, 2018 5:15pm
Anyway, my test,
the 2 levels i posted ..
we are currently approx 30 points closer to the 1st Lo level.
Which i would say means nada. psst i got them though lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,827
  • Jul 23, 2018 5:21pm Jul 23, 2018 5:21pm
Quoting billytt
{quote} yes indeed Mr T, but the majority of people trading are not like you and i . They love the allure of PIPS....... Look at all the charts from all the hundreds of other threads, they all show billions of PIPS. Traders love a PIP FEST. i think that is why they lose.
LOL pip fest
  • #31,828
  • Jul 23, 2018 5:22pm Jul 23, 2018 5:22pm
Quoting billytt
{quote} yes indeed Mr T, but the majority of people trading are not like you and i . They love the allure of PIPS....... Look at all the charts from all the hundreds of other threads, they all show billions of PIPS. Traders love a PIP FEST. i think that is why they lose.
The fear that lurks at the back of my mind is having three losers in a row -that's maybe fifteen pips in the red to be made up from future winners. But your approach of reversing engines to hold a loss in limbo and- important also -add Lems approach to "wick zone" trades: both approaches almost usually put me back into the black or leave me with minimal damage. That's my excuse and I'm sticking to it :-)
every Saint has a past. Every Sinner has a Future
  • #31,829
  • Jul 23, 2018 5:24pm Jul 23, 2018 5:24pm
Quoting turnip15
{quote} The fear that lurks at the back of my mind is having three losers in a row -that's maybe fifteen pips in the red to be made up from future winners. But your approach of reversing engines to hold a loss in limbo and- important also -add Lems approach to "wick zone" trades: both approaches almost usually put me back into the black or leave me with minimal damage. That's my excuse and I'm sticking to it :-)

what is a loss????lol
it took a long time to perfect the method and we have to trust the stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,830
  • Jul 24, 2018 1:11am Jul 24, 2018 1:11am
The Dax Lem Monster Franky Open Wow he was angry and swift, in a nano second gap down then flying up like a Raging Bull so fast I could not get my long entry. Sooooooo sit on hands and lets put the Kettle on.L.O.L.
Over to Lem for Round 2.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M15 24July No Entry.png Size: 45 KB
  • #31,831
  • Jul 24, 2018 1:21am Jul 24, 2018 1:21am
Quoting Pipradar
The Dax Lem Monster Franky Open Wow he was angry and swift, in a nano second gap down then flying up like a Raging Bull so fast I could not get my long entry. Sooooooo sit on hands and lets put the Kettle on.L.O.L. Over to Lem for Round 2. {image}
that is the trouble with the modern age, nano time?lol
it happens, movement quicker than a quick thing on a quick day
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,832
  • Jul 24, 2018 1:28am Jul 24, 2018 1:28am
anyway, i think i may well of had too much sun yesterday. hENCE NOT THINKING RIGHT.

The reason for the Test is to chase the Daily Range.
AND OF COURSE IT WILL RETRACE AT TIMES AND ON OTHERS KEEP MOVING SAME DIRECTION...

So it might break blah blah then retrace. IT STILL HAS TO MAKE THE RANGE or part of it. unless it is a bad range day which does sometimes happen.
So i am back on track.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,833
  • Jul 24, 2018 1:50am Jul 24, 2018 1:50am
Same today as yesterday, (except i did not trade the 08-00 15 min bar break)...

i will trade the 08-00 15 min bar break...
If Hi breaks first, i will trade after a retrace. ( i did not do this at all yesterday) long story).
If Lo breaks first, i will short it.
I am already in short with Cable and A/U with the Test.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,834
  • Jul 24, 2018 2:00am Jul 24, 2018 2:00am
Yeah, Pips, I saw that happen as I had the screens on as I brewed up.

I don't think I'll be doing much in a mo either, as the set-up is a complete mess. Another day of nothing to get things moving.

Ho hum.
  • #31,835
  • Jul 24, 2018 2:00am Jul 24, 2018 2:00am
almost ding ding.
But first, tomorrow the 25th July, i will of been going out with my gf for 1 year.
TIME FLIES. i still miss and love my ex especially her computer access lol. happy days.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,836
  • Jul 24, 2018 2:09am Jul 24, 2018 2:09am
Quoting lemercenaire
Yeah, Pips, I saw that happen as I had the screens on as I brewed up. I don't think I'll be doing much in a mo either, as the set-up is a complete mess. Another day of nothing to get things moving. Ho hum.
Totaly agree Lem the Monster is fast and furious going No Where,,,
  • #31,837
  • Jul 24, 2018 2:10am Jul 24, 2018 2:10am
Cable, oooooooooooooooooooooo ( as in moo) movement up??
My levels from 23rd chart A
Attached Image


with a bit of movement down, chart B
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,838
  • Jul 24, 2018 2:11am Jul 24, 2018 2:11am
i am not trading Cable today UNLESS THE LOW BREAKS....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,839
  • Jul 24, 2018 2:12am Jul 24, 2018 2:12am
Quoting billytt
Same today as yesterday, (except i did not trade the 08-00 15 min bar break)... i will trade the 08-00 15 min bar break... If Hi breaks first, i will trade after a retrace. ( i did not do this at all yesterday) long story). If Lo breaks first, i will short it. I am already in short with Cable and A/U with the Test.
Very large candle at this time on Cable mmm.
  • #31,840
  • Jul 24, 2018 2:18am Jul 24, 2018 2:18am
Cable..
hoping it will bounce off back down at 13110
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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