Billytt Die happy trading e/j daily breakout | Page 1709 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #34,161
  • Oct 13, 2018 6:58am Oct 13, 2018 6:58am
Quoting lemercenaire
{quote} I've been meaning to add this info re The Frankenbreak and thanks to Sam for reminding me: I would only take trades on a range less than 20 pips (if I remember right...I know I looked at 10 pips, so I'd have to go check my trading journal at the time to make sure). Also, latterly, I came to realise that the three hour range pre-Open was just as effective and you didn't need the earlier candles. I just never got around to adopting it, as I got into running my DAX-Monster set-up and I had met my true love As the two methods...
HI Lem, so the box would be drawn around the 04am 05am and 06am candles ?
  • #34,162
  • Oct 13, 2018 7:27am Oct 13, 2018 7:27am
Hi all,

I only write to thank you for this amazing thread. I have been reading it for several weeks now, very slowly, taking notes, trying to understand and internalise all your advice and valuable information... In addition, English is not my mother tongue so at the moment I´m in the page number 160 of a total of more of 1700...so I still have a long way to go. I only have read 10% of the thread, and I can say, without fear of error, here is the more useful information I have never found in Internet, it has really changed my life.

For the moment, I´m playing with Billy´s daily breakout and fighting with my counter of bad trades, so I´m still using a fix stoploss for them. I´m not as good as Billy making a bad trade a good one, but I´m a master making a bad trade a terrible one, so fix stop loss is correct for now lol.

Thanks again and sorry for my English (I have to improve it too), and I hope in several months I can arrive to the present of the thread lol.

Nos vemos
I've seen bars you people wouldn't believe...
  • #34,163
  • Oct 13, 2018 7:33am Oct 13, 2018 7:33am
Quoting montego
{quote} HI Lem, so the box would be drawn around the 04am 05am and 06am candles ?
Yes. Easy enough to set in the H1 but manage on the lower tf.
  • #34,164
  • Oct 13, 2018 7:48am Oct 13, 2018 7:48am
Quoting rmormar
Hi all, I only write to thank you for this amazing thread. I have been reading it for several weeks now, very slowly, taking notes, trying to understand and internalise all your advice and valuable information... In addition, English is not my mother tongue so at the moment I´m in the page number 160 of a total of more of 1700...so I still have a long way to go. I only have read 10% of the thread, and I can say, without fear of error, here is the more useful information I have never found in Internet, it has really changed my life. For the moment,...
Hi rmormar and welcome aboard.

Thanks you for the kind words - we do try .

As far as the Counter Trade goes, what I would say is by all means read and understand the technique, practice on demo, whatever but it should be noted that this aspect of our methods has become much more difficult since the ESMA rulings have come into force. It even threw Billy himself off his stride when it came into play. It can still be done but a bit of tinkering is required, certainly if you are not operating with a large account size.

'' I´m not as good as Billy making a bad trade a good one, but I´m a master making a bad trade a terrible one,''

Reading that line made me laugh out loud and tells me that you will fit right in here!

Oh and I wouldn't worry too much about English not being your first language - you come across just fine.
  • #34,165
  • Oct 13, 2018 7:49am Oct 13, 2018 7:49am
An interesting article: The winner effect

https://www.zmescience.com/science/n...sterone-04324/


Men who receive a high status in their social group are rewarded by a boost of testosterone, a new study found. The findings cement the relationship between the so-called “winner effect” and testosterone.
The “winner effect” is a well-established phenomenon characterized by the release of testosterone and dopamine whenever an animal, be it a fish or human, wins a contest. With each win, the brain’s structure and chemical makeup changes, prepping the brain for more wins. In other words, an animal that beats a weaker opponent “gets on a roll” and is then more likely to defeat a stronger opponent. Meanwhile, the opposite is true for the defeated who suffers from the “loser effect” and becomes meeker and more submissive with each loss. According to neuroscientist Ian Robertson, author of the Winner Effect: How Power Affects Your Brain, “success and failure shape us more powerfully than genetics and drugs.”
In his book, The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust, John Coates explains how traders with higher testosterone level also experienced more profitable days. In traders, testosterone rises sharply and stays elevated during financial booms, inducing a state of risk-seeking euphoria and providing a positive feedback loop in which success reinforces itself by providing a competitive advantage. In contrast, traders who go through turmoil have elevated levels of the stress hormone cortisol. Traders with sustained high levels of cortisol become more risk-averse and timid, ultimately being less competitive.
  • #34,166
  • Oct 13, 2018 7:56am Oct 13, 2018 7:56am
''The Hour Between Dog And Wolf'' is a phenomenal book.

Good post, Mr-G.
  • #34,167
  • Oct 13, 2018 8:00am Oct 13, 2018 8:00am
Quoting rmormar
Hi all, I only write to thank you for this amazing thread. I have been reading it for several weeks now, very slowly, taking notes, trying to understand and internalise all your advice and valuable information... In addition, English is not my mother tongue so at the moment I´m in the page number 160 of a total of more of 1700...so I still have a long way to go. I only have read 10% of the thread, and I can say, without fear of error, here is the more useful information I have never found in Internet, it has really changed my life. For the moment,...
Welcome along it's a friendly place. Feel free to ask any questions.

Lem beat me to it again !
  • #34,168
  • Oct 13, 2018 8:09am Oct 13, 2018 8:09am
Saturday morning is busy time for me to go over the week and see what went wrong. Also look ahead and see what news we got coming a bit like Davit does. My version is prettier though - happy to post weekly if anyone interested.
Attached File(s)
File Type: pdf Calendar.pdf   204 KB | 222 downloads
  • #34,169
  • Oct 13, 2018 8:56am Oct 13, 2018 8:56am
Good posting on psychology. I heard about the book before, definitely getting it soon now. Currently I have "The playbook". It deals with trading at institutional level, mostly stocks, but many Insights on how to deal with the mindset aspect which is the largest chunk of Trading, because a price moving up, down or sideways is really not complicated, the person at the screen is.
Fix up, trade sharp ...
  • #34,170
  • Oct 13, 2018 8:59am Oct 13, 2018 8:59am
Quoting claudia1
Saturday morning is busy time for me to go over the week and see what went wrong. Also look ahead and see what news we got coming a bit like Davit does. My version is prettier though - happy to post weekly if anyone interested. {image}
I do that too. There are many sites out there to look at, just take a glance at the major releases.
Fix up, trade sharp ...
  • #34,171
  • Oct 13, 2018 8:59am Oct 13, 2018 8:59am
Quoting lemercenaire
''The Hour Between Dog And Wolf'' is a phenomenal book. Good post, Mr-G.

I can't find it in PDF... if someone could upload it here i'll be grateful
  • #34,172
  • Oct 13, 2018 9:15am Oct 13, 2018 9:15am
I only trade daily charts...so it will be very boring for most here.
Here are a couple of current ones....one is working well...the other one....not so much
I will post trade confirms with the entries.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EWJ_Entry.png Size: 39 KB
Click to Enlarge Name: RSX_Entry.png Size: 41 KB
Click to Enlarge Name: EWJ_RSX_Entry.jpg Size: 13 KB
Plan, Prepare, Execute, Repeat
  • #34,173
  • Oct 13, 2018 9:57am Oct 13, 2018 9:57am
Quoting swingtrade65
I only trade daily charts...so it will be very boring for most here. Here are a couple of current ones....one is working well...the other one....not so much I will post trade confirms with the entries. {image} {image} {image}
Actually, you may be surprised. What I was thinking was that there was possibly potential to use your principles to establish a bias for the day / week.
  • #34,174
  • Oct 13, 2018 10:19am Oct 13, 2018 10:19am
Quoting lemercenaire
{quote} Actually, you may be surprised. What I was thinking was that there was possibly potential to use your principles to establish a bias for the day / week.
Volume profile in FX is frowned upon, yet if the data is from a large Broker, might give clues. I think TPO ideas can work in FX.
Fix up, trade sharp ...
  • #34,175
  • Oct 13, 2018 11:03am Oct 13, 2018 11:03am
Quoting Hickson
{quote} Volume profile in FX is frowned upon, yet if the data is from a large Broker, might give clues. I think TPO ideas can work in FX.
Problem is there is no official volume in spot fx all you see is tick data from the broker being used.

Real world lies at globex but that takes us a stage further into futures.

https://www.cmegroup.com/market-data...fx-volume.html

Hey swing keep the charts coming great input I'm just adding my little bit of info.
  • #34,176
  • Oct 13, 2018 11:21am Oct 13, 2018 11:21am
@Claudia1
@lemercenaire

Thanks for your kindy reception, for a bad trader like me it´s a kind of privilege having access to all information in this thread. ESMA rules have not still impacted broker I use at the moment (After some of my bad trades I wish so lol), but I´m in early days and I work with small lots.

I have a lot of questions, but I prefer to finish reading all the thread before posting them, because I´m sure lot of them are already answered.

I´ll be in the shadows reading, but not in invisible mode, it´s not my style lol

PD. I´m already in page 200...

Nos vemos.
I've seen bars you people wouldn't believe...
  • #34,177
  • Oct 13, 2018 12:48pm Oct 13, 2018 12:48pm
Quoting claudia1
{quote} Problem is there is no official volume in spot fx all you see is tick data from the broker being used. Real world lies at globex but that takes us a stage further into futures. https://www.cmegroup.com/market-data...fx-volume.html Hey swing keep the charts coming great input I'm just adding my little bit of info.
Yes, that is the reason why it is frowned upon, however I saw some guys using histograms of most relevant prices for FX as well. I think the trick is to not look at the volume, but at the time and price correlation.

Quoting rmormar
@Claudia1 @lemercenaire Thanks for your kindy reception, for a bad trader like me it´s a kind of privilege having access to all information in this thread. ESMA rules have not still impacted broker I use at the moment (After some of my bad trades I wish so lol), but I´m in early days and I work with small lots. I have a lot of questions, but I prefer to finish reading all the thread before posting them, because I´m sure lot of them are already answered. I´ll be in...
Fix up, trade sharp ...
  • #34,178
  • Oct 13, 2018 1:11pm Oct 13, 2018 1:11pm
Dont overthink this stuff. It really is incredibly simple.
We only have to answer 2 simple questions
1) Where are the Buyers
2) Where are the Sellers
By this I mean the "institutional" buyers and sellers

When you know where they are....it is real easy...get on board with them.
Plan, Prepare, Execute, Repeat
  • #34,179
  • Oct 13, 2018 3:01pm Oct 13, 2018 3:01pm
Quoting MrGreen95
An interesting article: The winner effect https://www.zmescience.com/science/n...sterone-04324/ Men who receive a high status in their social group are rewarded by a boost of testosterone, a new study found. The findings cement the relationship between the so-called “winner effect” and testosterone. The “winner effect” is a well-established phenomenon characterized by the release of testosterone and dopamine whenever an animal, be it a fish or human, wins a contest. With each win, the brain’s structure and...
How does the "Winner Effect" relate to successful female traders ?
every Saint has a past. Every Sinner has a Future
  • #34,180
  • Oct 13, 2018 3:21pm Oct 13, 2018 3:21pm
Quoting rmormar
Hi all, I only write to thank you for this amazing thread. I have been reading it for several weeks now, very slowly, taking notes, trying to understand and internalise all your advice and valuable information... In addition, English is not my mother tongue so at the moment I´m in the page number 160 of a total of more of 1700...so I still have a long way to go. I only have read 10% of the thread, and I can say, without fear of error, here is the more useful information I have never found in Internet, it has really changed my life. For the moment,...
Being retarded -sorry -retired :-) I have just started to learn Spanish. I have to say your English is far in advance of my Spanish
every Saint has a past. Every Sinner has a Future
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