Billytt Die happy trading e/j daily breakout | Page 1727 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #34,521
  • Oct 17, 2018 12:55am Oct 17, 2018 12:55am
Quoting Pipradar
Claudia Simple Dream I must be doing something Wrong L.O.L. NO TRADES TRIGGERED gotta be me. Results should have been GBP Long Fail Short Win EURJPY Long Fail Short Win So 50% on both. Some thing wrong with my setup will sort it out, when you guys come in I will pick your brains L.O.L. {image} {image}
Hi pip, look at my post
Fix up, trade sharp ...
  • #34,522
  • Oct 17, 2018 1:11am Oct 17, 2018 1:11am
Morning Guys the Dax Monster this Morning, Pre Franky we have a consolidation of Surfing between Supply and Demand with enough Room for a smash and grab unless the Monster Swished her Tail L.O.L.
Franky Open we have a small gap up followed by a retreat south to Micro Demand = Enter Long and out in a Flash bagged +5 points all good
Time for breaky and a cuppa me thinks catch you in a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M5 17Oct Buy of nMicro Demand +5 points Gap up pulback enter Long.png Size: 49 KB
  • #34,523
  • Oct 17, 2018 1:14am Oct 17, 2018 1:14am
Quoting Hickson
{quote} Hi pip, look at my post
Ok Thanks H, ERM ERM, do you know roughly when the post was made or the post number save me a little time L.O.L.
  • #34,524
  • Oct 17, 2018 1:20am Oct 17, 2018 1:20am
Quoting Pipradar
{quote} Ok Thanks H, ERM ERM, do you know roughly when the post was made or the post number save me a little time L.O.L.
Found it H, THANK YOU, just need to understand it now L.O.L.
  • #34,525
  • Oct 17, 2018 1:21am Oct 17, 2018 1:21am
Quoting Pipradar
{quote} Found it H, THANK YOU, just need to understand it now L.O.L.
Unfortunately, a new post created a new page, so it was not too obvious it was hidden on the last page
Fix up, trade sharp ...
  • #34,526
  • Oct 17, 2018 1:25am Oct 17, 2018 1:25am
Plenty on the Table you just gotta Love this. WHEN SHE'S IN THE MOOD SHE IS DEFO IN THE MOOD.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M5 17Oct Buy of nMicro Demand +5 points Gap up pulback enter Long UPDATE 07-22AM.png Size: 54 KB
  • #34,527
  • Oct 17, 2018 1:42am Oct 17, 2018 1:42am
Frankenbreak missing TP by 1 pip, now starting to hurt. Is it not always like that if we see something working for weeks and then use it the first time? lol
Fix up, trade sharp ...
  • #34,528
  • Oct 17, 2018 2:00am Oct 17, 2018 2:00am
Quoting Hickson
Frankenbreak missing TP by 1 pip, now starting to hurt. Is it not always like that if we see something working for weeks and then use it the first time? lol
Took the same short trade H. L.O.L.
How is the management for the EUR/GBP, Hard Stop at the break Hi and go Long for the Daily Range, I havn't done stats, Naughty I know, thought I would jump in unusual for me but in it now.
  • #34,529
  • Oct 17, 2018 2:04am Oct 17, 2018 2:04am
Quoting Pipradar
{quote} Took the same short trade H. L.O.L. How is the management for the EUR/GBP, Hard Stop at the break Hi and go Long for the Daily Range, I havn't done stats, Naughty I know, thought I would jump in unusual for me but in it now.
Yeah, thought the high win rate would justify the risk, but it is always the same when you try it live first lol ... maybe wait for break of 0.8781, then go long to cover the risk. Or just close this BS and put on a normal intraday trade again lol
Fix up, trade sharp ...
  • #34,530
  • Oct 17, 2018 2:09am Oct 17, 2018 2:09am
Quoting Hickson
{quote} Yeah, thought the high win rate would justify the risk, but it is always the same when you try it live first lol ... maybe wait for break of 0.8781, then go long to cover the risk. Or just close this BS and put on a normal intraday trade again lol
Mmmm I only have myself to blame .NO Stats = Absolute Coin Toss What more can you say when you don't follow your own Mantra.
  • #34,531
  • Oct 17, 2018 2:16am Oct 17, 2018 2:16am
Quoting Pipradar
{quote} Mmmm I only have myself to blame .NO Stats = Absolute Coin Toss What more can you say when you don't follow your own Mantra.
True. Was just stupid from my side.

Will let myself s/o - 7. Plus did not consider the May blablub today lurking. Crazy!
Fix up, trade sharp ...
  • #34,532
  • Oct 17, 2018 2:23am Oct 17, 2018 2:23am
Quoting Hickson
{quote} True. Was just stupid from my side. Will let myself s/o - 7. Plus did not consider the May blablub today lurking. Crazy!
  • #34,533
  • Oct 17, 2018 2:33am Oct 17, 2018 2:33am
Billy must have been a genius plus nerves like steel ... if his plan was to counter now ... I will stick with my RR no less than 1.5:1, do not know how to do it otherwise.
Fix up, trade sharp ...
  • #34,534
  • Oct 17, 2018 2:51am Oct 17, 2018 2:51am
Quoting Hickson
Billy must have been a genius plus nerves like steel ... if his plan was to counter now ... I will stick with my RR no less than 1.5:1, do not know how to do it otherwise.
The long winning streak had to come to an end but the counter on the long worked and i got out with +2 , better than a loss..Countering is truly not for the faint hearted, Billy and Lem truly have nerves of steel
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 27 KB
  • #34,535
  • Oct 17, 2018 2:56am Oct 17, 2018 2:56am
Quoting Inception12
{quote} The long winning streak had to come to an end but the counter on the long worked and i got out with +2 , better than a loss..Countering is truly not for the faint hearted, Billy and Lem truly have nerves of steel {image}
You are right, of course. I recovered a bit on the counter as well, closed before any spikes down, so only lost 1.2 pips total. But I am really not happy with the RR when it goes wrong. I had to put on my coolest trader to sort out that mess not turning into a major loss. Maybe it is not for me then. Have to rethink it, might look for pairs where I can have a positive RR with the Frankenbreak.

Edit: Counter would have now been in the profit for a small overall plus, but what if not? A double loss with that size on? No way, I am glad I repaired that somehow last minute for very small damage.
Fix up, trade sharp ...
  • #34,536
  • Oct 17, 2018 2:58am Oct 17, 2018 2:58am
Quoting Hickson
Billy must have been a genius plus nerves like steel ... if his plan was to counter now ... I will stick with my RR no less than 1.5:1, do not know how to do it otherwise.
Yes your right and Remember, he always would say, Stats Stats and Stats = Confidence in your Edge. He also had The Bank Role to back up his Counter's.
This can still be done with Stop Loss and Reverse / Continuation Trading, but not without Frequency Distribution Stats.
.
  • #34,537
  • Oct 17, 2018 3:00am Oct 17, 2018 3:00am
Quoting Hickson
{quote} You are right, of course. I recovered a bit on the counter as well, closed before any spikes down, so only lost 1.2 pips total. But I am really not happy with the RR when it goes wrong. I had to put on my coolest trader to sort out that mess not turning into a major loss. Maybe it is not for me then. Have to rethink it, might look for pairs where I can have a positive RR with the Frankenbreak.
If only I had nerves like Billy's, i would have stayed in and got more than 5 for my troubles. But well, better than a loss
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 27 KB
  • #34,538
  • Oct 17, 2018 3:02am Oct 17, 2018 3:02am
Quoting Pipradar
{quote} Yes your right and Remember, he always would say, Stats Stats and Stats = Confidence in your Edge. He also had The Bank Role to back up his Counter's. This can still be done with Stop Loss and Reverse / Continuation Trading, but not without Frequency Distribution Stats. .
It is funny how trading outside your own strategy puts you back in day one of your trading and only experience in the game can save your skin ... IF you are lucky as well like today! To be honest, if things would have gone wrong, would have been like -* 2.5 R of what is my usually - 1 R. That is not acceptable in my MM plan. Maybe there is a way to sort it out on EG with sl - 5, TP 10, need to run it on demooooooooooo ...

Quoting Inception12
{quote} If only I had nerves like Billy's, i would have stayed in and got more than 5 for my troubles. But well, better than a loss {image}
I think you need some gambling gene for that. You can be trading well, but if it does not fit your personality, it will get to you in the long run.
Fix up, trade sharp ...
  • #34,539
  • Oct 17, 2018 3:10am Oct 17, 2018 3:10am
Quoting Hickson
{quote} It is funny how trading outside your own strategy puts you back in day one of your trading and only experience in the game can save your skin ... IF you are lucky as well like today! To be honest, if things would have gone wrong, would have been like -* 2.5 R of what is my usually - 1 R. That is not acceptable in my MM plan. Maybe there is a way to sort it out on EG with sl - 5, TP 10, need to run it on demooooooooooo ...
I too had trouble with the RR of the Billy GU 15 bar break and stayed away from it as his countering techniques were far too complicated for me to learn. I only started trading this EG break when the stats proved it has more than a 90% win rate and when the initial break fails, the counter always works.

The truth is countering on a live account is no easy task and you have to try and master it on demo first as Lem always says. The good thing is that this is the only technique in my trading plan that requires countering. Other trades are taken with normal RR and always with a hard stop.
  • #34,540
  • Oct 17, 2018 3:11am Oct 17, 2018 3:11am
"Billy Bar" - a good haul this morning. Ignore the lines, this was a straight forward break of "Billy's" 8 am bar on cable. ( 15 minute chart)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-10-17 09.01.23.png Size: 221 KB
every Saint has a past. Every Sinner has a Future
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