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Billytt Die happy trading e/j daily breakout

  • #33,801
  • Oct 10, 2018 9:34am Oct 10, 2018 9:34am
Quoting Hickson
{quote} Also makes more disciplined. And you all know how awful market order fills can be ...
I'll tell you why most people lose money it's because of staring at the screen and panic. Sure we've all done it buy the top and selling the bottom.
  • #33,802
  • Oct 10, 2018 10:10am Oct 10, 2018 10:10am
Quoting claudia1
{quote} I'll tell you why most people lose money it's because of staring at the screen and panic. Sure we've all done it buy the top and selling the bottom.
Whaddayamean?!?!?

Attached Image
  • #33,803
  • Oct 10, 2018 10:11am Oct 10, 2018 10:11am
Quoting lemercenaire
{quote} Whaddayamean?!?!? {image}
Looks like Billy on a good day
  • #33,804
  • Oct 10, 2018 10:19am Oct 10, 2018 10:19am
That was a beautiful bounce back out of the revisited Night Shift range backed by the Demand Zone that formed behind it...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30asNightShiftMovedOn10thOct18crop.png Size: 39 KB
  • #33,805
  • Oct 10, 2018 10:29am Oct 10, 2018 10:29am
Hi all. Not sure if it has been mentioned already but the Billy bar trade got 5 pips and more this morning on GU. I am beginning to wonder what would happen if we bought/sold when the price hit the trigger on either side of the 8am 15 minute bar, but instead of going for 5 pips, just let the thing take its course. So price breaks the low, we sell, breaks the high, we buy. Kind of like a line in the sand trade. Let it keep going to create a daily high/low (modest daily range). Any thoughts on this? Sorry if my post isn't clear, let me know and I'll try and explain better. Almost like using the 8am 15 minute bar as a pivot point. At some point during the day, price will hit the buy/sell trigger and go for 30/40/50 pips, even if we have a few fails before that happens. Could use a trailing stop as well, so as to not lose decent gains.

Just look at today for example. Price has been below it once for lots of pips and above it once for lots of pips (all of this after 8am UK time).
  • #33,806
  • Oct 10, 2018 10:50am Oct 10, 2018 10:50am
[quote=claudia1;11566948]
Quoting soccerfan
{quote} Blame what's his name if it goes wrong !
He was under duress ?
Attached Image
every Saint has a past. Every Sinner has a Future
  • #33,807
  • Oct 10, 2018 11:26am Oct 10, 2018 11:26am
Quoting claudia1
{quote} Just use the buy/sell stop soon get the hang of it. Maybe worth a read https://www.investopedia.com/ask/answers/04/022704.asp
Thanks Claudia having a read now
  • #33,808
  • Oct 10, 2018 11:29am Oct 10, 2018 11:29am
Quoting lemercenaire
{quote} Yeah, as Claudia said, just use Buy Stop and Sell Stop orders. Buy Stop sets where you want to buy from, Sell Stop where you want to sell from. Buy and Sell Limits are for when you want to get an entry once (if) price goes back to the level you want in at.
Thanks Lem
  • #33,809
  • Oct 10, 2018 1:11pm Oct 10, 2018 1:11pm
Ok - the night thingy which I'm going to call 'Simple Dreams' (Lem knows why lol) got the programmer from Munich all ready to go with ea.

Going to let her have the specification tomorrow - anyone got any changes/requests before I do ?
  • #33,810
  • Oct 10, 2018 1:26pm Oct 10, 2018 1:26pm
Quoting claudia1
Ok - the night thingy which I'm going to call 'Simple Dreams' (Lem knows why lol) got the programmer from Munich all ready to go with ea. Going to let her have the specification tomorrow - anyone got any changes/requests before I do ?
Go for it.

Custom buffer size, maybe?
  • #33,811
  • Oct 10, 2018 1:30pm Oct 10, 2018 1:30pm
Quoting lemercenaire
{quote} Go for it. Custom buffer size, maybe?
The user will be able to set all options - time, buffer, stop, profit etc.

So it can be used for any breakout - Billy's 15 etc.
  • #33,812
  • Oct 10, 2018 1:32pm Oct 10, 2018 1:32pm
Quoting claudia1
Ok - the night thingy which I'm going to call 'Simple Dreams' (Lem knows why lol) got the programmer from Munich all ready to go with ea. Going to let her have the specification tomorrow - anyone got any changes/requests before I do ?
Hey Claudia, that's really cool. She is also a trader in Munich? You know, I am also in GER.
Fix up, trade sharp ...
  • #33,813
  • Oct 10, 2018 1:33pm Oct 10, 2018 1:33pm
Gn8 everyone. That Cable trade still got me thinking how I could have traded it better ... ended up losing 7 pips, fortunately recovered with the slam dunk on UJ + 60 later. But we learn from our losers ...

Catch ya tomorrow, gn8 everyone.
Fix up, trade sharp ...
  • #33,814
  • Oct 10, 2018 1:34pm Oct 10, 2018 1:34pm
Quoting Hickson
{quote} Hey Claudia, that's really cool. She is also a trader in Munich? You know, I am also in GER.
Yep. Don't know if she trades but she 's a coder.
  • #33,815
  • Oct 10, 2018 1:36pm Oct 10, 2018 1:36pm
Quoting claudia1
{quote} Yep. Don't know if she trades but she 's a coder.
My brother's also a programmer, but when I talk to him about the trading he is not really taking it seriously enough I guess. Well, nvm. He does not know what he's missing out on
Fix up, trade sharp ...
  • #33,816
  • Oct 10, 2018 1:51pm Oct 10, 2018 1:51pm
Quoting claudia1
{quote} The user will be able to set all options - time, buffer, stop, profit etc. So it can be used for any breakout - Billy's 15 etc.
Hi Claudia, just a few suggestions, only throwing ideas around
min and max box size maybe
Trail stop in pips and brake even in pips, true or false
max number of trades per side of box
allow hedge, true or false.
  • #33,817
  • Oct 10, 2018 2:07pm Oct 10, 2018 2:07pm
Quoting montego
{quote} Hi Claudia, just a few suggestions, only throwing ideas around min and max box size maybe Trail stop in pips and brake even in pips, true or false max number of trades per side of box allow hedge, true or false.
Thanks. Got most most of that covered as all options will be input by the trader. You select range, time etc.
  • #33,818
  • Oct 10, 2018 2:11pm Oct 10, 2018 2:11pm
Quoting Hickson
{quote} My brother's also a programmer, but when I talk to him about the trading he is not really taking it seriously enough I guess. Well, nvm. He does not know what he's missing out on
Suspect he does. Programmers have to be clever - traders have to be smart and there is a big difference !
  • #33,819
  • Oct 10, 2018 2:58pm Oct 10, 2018 2:58pm
Quoting montego
{quote} Hi Claudia, just a few suggestions, only throwing ideas around min and max box size maybe Trail stop in pips and brake even in pips, true or false max number of trades per side of box allow hedge, true or false.
Have added 'open/close' trade time
  • #33,820
  • Oct 10, 2018 3:22pm Oct 10, 2018 3:22pm
Quoting Hickson
Gn8 everyone. That Cable trade still got me thinking how I could have traded it better ... ended up losing 7 pips, fortunately recovered with the slam dunk on UJ + 60 later. But we learn from our losers ... Catch ya tomorrow, gn8 everyone.
Good night. Catch you again, tomorrow.
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