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Billytt Die happy trading e/j daily breakout

  • #34,781
  • Oct 20, 2018 8:41am Oct 20, 2018 8:41am
Quoting lemercenaire
{quote} Poker?! Oof...talk about a shark tank. My brother and my sister's ex are both very good players. My knowledge of the game extends to knowing it involves cards, lol. Blackjack's my game
I'm not good at poker. Love roulette though. Numbers numbers numbers ...
  • #34,782
  • Oct 20, 2018 8:41am Oct 20, 2018 8:41am
Quoting claudia1
{quote} Oops got one more Frankie in 2.40. Busy day more fun than trading.
You ever tried trading on tennis? That can be very profitable, especially suited to those with a scalper's mentality.

I looked at snooker trading before as well and it seemed workable but I never really took it any farther.
  • #34,783
  • Oct 20, 2018 8:43am Oct 20, 2018 8:43am
Quoting lemercenaire
{quote} You ever tried trading on tennis? That can be very profitable, especially suited to those with a scalper's mentality. I looked at snooker trading before as well and it seemed workable but I never really took it any farther.
I must admit no. I do sports bet a lot and in-play can be fun.
  • #34,784
  • Edited 10:15am Oct 20, 2018 8:46am | Edited 10:15am
Quoting lemercenaire
{quote} Don't you often find that? Those musos (and actors) who do it because they just love it are always the most down-to-Earth folk you'd ever meet. If they happen to become successful, then it's a bonus and when it ends they are quite happy to just let it go and get back to 'normal' life. It's the complete opposite of the Insta-junkies and social network mutants who are in it just for the fame of recognition and adoration. They are a special kind of stupid. My ex is an actress who specialises in voice-over work, she can do any accent you can...
Unfortunately, that is how it works nowadays for most. They will even ask you in job interviews about this BS, no chance if you do not play their games of "who is the most pathetic and most perverted creature looking for instant gratification". Well, like my old colleague Tony always said: "Fuck them all!"

Good to know there are still some real people.
Fix up, trade sharp ...
  • #34,785
  • Oct 20, 2018 8:49am Oct 20, 2018 8:49am
Quoting claudia1
{quote} I'm not good at poker. Love roulette though. Numbers numbers numbers ...
Also not good, just enough to play the smallest games but prepares me a bit for trading waiting for good hands and spots to bet and handle frustration after bad beats like a lost preflop allin with Aces against 96o.
Fix up, trade sharp ...
  • #34,786
  • Oct 20, 2018 8:55am Oct 20, 2018 8:55am
Quoting lemercenaire
{quote} Ha ha, be careful what you wish for. In all seriousness it is a huge subject, what exactly do you want to know? What it is? A method to make use of it? How it can eat you up and spit you out? For now, here's something to keep you interested: https://youtu.be/RkmOhT2uXl0
Thanks, yes I think I understand the concept, my question ist rather: a) how to make use of it b) is it not easily exaggerated since I doubt they care about so small positions? The SL hunt is a bit of an overdone narrative in my view. In some markets that are very big and liquid, a SL hunt might not even be possible, but maybe I am wrong ...
Fix up, trade sharp ...
  • #34,787
  • Oct 20, 2018 9:26am Oct 20, 2018 9:26am
[quote=lemercenaire;11606428]{quote} Don't you often find that? Those musos (and actors) who do it because they just love it are always the most down-to-Earth folk you'd ever meet. If they happen to become successful, then it's a bonus and when it ends they are quite happy to just let it go and get back to 'normal' life. It's the complete opposite of the Insta-junkies and social network mutants who are in it just for the fame of recognition and adoration. They are a special kind of stupid. My ex is an actress who specialises in voice-over work, she can do any accent you can imagine. She is genuinely hugely talented but is happy to make a good living at that while doing the odd short film or local stage work if asked. That lets her split her time between homes in Dublin and Tenerife. Not in the slightest bit interested in going the Hollywood route - and she's had offers. Mick sounds like a grand guy.[/quote]
Could not have put it better myself Bud - and yes he's a great guy and very talented to boot
  • #34,788
  • Edited 6:29am Oct 21, 2018 5:52am | Edited 6:29am
Quoting Hickson
{quote} Thanks, yes I think I understand the concept, my question ist rather: a) how to make use of it b) is it not easily exaggerated since I doubt they care about so small positions? The SL hunt is a bit of an overdone narrative in my view. In some markets that are very big and liquid, a SL hunt might not even be possible, but maybe I am wrong ...
Stops tend to get put at obvious places - previous high/low etc. So it's easy for the mm (your broker) to see where a whole bundle of stops are and widen the spread or spike the price and take them out. Remember we're fighting our own 'broker' here not a regulated market. You lose they win. Ever see a poor bookie ?

Tend not to place hard stops but must admit have been recently with the big moves caused by Brexit nonsense. But even then the 'broker' will ignore the stop if widening the spread due to volatility - unless it's guaranteed.
  • #34,789
  • Oct 21, 2018 6:03am Oct 21, 2018 6:03am
Quoting claudia1
{quote} Stops tend to get put at obvious places - previous high/low etc. So it's easy for the mm (your broker) to see where a whole bundle of stops are and widen the spread or spike the price and take them out. Remember we're fighting our own 'broker' here not a regulated market. You lose they win. Ever see a poor bookie ? Tend not to place hard stops but must admit have been recently with the big moves caused by Brexit nonsense. But even then the 'broker' will like ignore the stop if widening the spread due to volatility - unless it's guaranteed....
Agreed. To avoid this situation trader may use "Hidden TP/SL" it means you do use a fixed TP/SL but it will have no use either for you or your broker, then based on certain trade condition you EXIT the position with dynamic TP/SL. Trailing Stop/Partial closing could be other ways but not works good for me.
  • #34,790
  • Oct 21, 2018 6:06am Oct 21, 2018 6:06am
Quoting rekon67
{quote} Agreed. To avoid this situation trader may use "Hidden TP/SL" it means you do use a fixed TP/SL but it will have no use either for you or your broker, then based on certain trade condition you EXIT the position with dynamic TP/SL. Trailing Stop/Partial closing could be other ways but not works good for me.
Good point.

Trailing stops I've never really used. There is no real answer just got to go your own way and do what works for you I guess.
  • #34,791
  • Oct 21, 2018 6:15am Oct 21, 2018 6:15am
@HappyMan

There you go. Settings easily changed and it compiles fine.
Attached File(s)
File Type: ex4 Pivots Update.ex4   48 KB | 156 downloads
File Type: mq4 Pivots Update.mq4   32 KB | 221 downloads
  • #34,792
  • Oct 21, 2018 6:31am Oct 21, 2018 6:31am
Quoting claudia1
@HappyMan There you go. Settings easily changed and it compiles fine. {file} {file}
Thank you, you are very kind!

Hello, all!

Excellent thread! So much information. Blown away by the first post. So brilliant yet simple. The wine bar is a separate story. What kind of magic is that ;-)

Nothing to contribute yet, just questions. If someone can point to the most valuable posts and pages, that would be helpful as I peruse through almost 2,000 pages. Read the first 30 and reading the last month. What else would be helpful to read?

Thank you, and happy pips to all!
Buy low, sell high.
  • #34,793
  • Oct 21, 2018 7:10am Oct 21, 2018 7:10am
Quoting HappyMan
{quote} Thank you, you are very kind! Hello, all! Excellent thread! So much information. Blown away by the first post. So brilliant yet simple. The wine bar is a separate story. What kind of magic is that ;-) Nothing to contribute yet, just questions. If someone can point to the most valuable posts and pages, that would be helpful as I peruse through almost 2,000 pages. Read the first 30 and reading the last month. What else would be helpful to read? Thank you, and happy pips to all!
Hi Happy, glad to see you found your way here.

TBH we've been looking at ways to put together a kind of one-page round up but not got around to it yet.

I know many have put their own notebooks together, Bo especially used to do that, so perhaps he or someone who did / does likewise may be able to help.
  • #34,794
  • Oct 21, 2018 7:16am Oct 21, 2018 7:16am
Quoting MrGreen95
{quote} Thank you my friend, the worst is over.. As promised , here is the word file where i copied important things. There are 40 pages of explanations, thoughts, considerations, trades, etc... Just one thing: there are a few direct references, i can't delete it because my word license is over and i can't neither recopy and paste into another file; If this is a problem tell me and i'll delete the file. Then you could just modify it for a re-upload {file}


  • #34,795
  • Oct 21, 2018 1:02pm Oct 21, 2018 1:02pm
Quoting claudia1
{quote} Stops tend to get put at obvious places - previous high/low etc. So it's easy for the mm (your broker) to see where a whole bundle of stops are and widen the spread or spike the price and take them out. Remember we're fighting our own 'broker' here not a regulated market. You lose they win. Ever see a poor bookie ? Tend not to place hard stops but must admit have been recently with the big moves caused by Brexit nonsense. But even then the 'broker' will ignore the stop if widening the spread due to volatility - unless it's guaranteed.
Yes, depends on the Broker though. Non-dealing Desk ecn should be better, though you never know what they wanna do to you ...
Fix up, trade sharp ...
  • #34,796
  • Oct 21, 2018 3:56pm Oct 21, 2018 3:56pm
Quoting claudia1
{quote} I'm not good at poker. Love roulette though. Numbers numbers numbers ...
Surely roulette is all about luck though Claudia, isn't it? Suppose that doesn't mean you can't enjoy it lol.
  • #34,797
  • Oct 21, 2018 4:06pm Oct 21, 2018 4:06pm
Quoting ia1979
{quote} Surely roulette is all about luck though Claudia, isn't it? Suppose that doesn't mean you can't enjoy it lol.
It can be fun. A night in the casino is good anyway and you have a chance. Online need to be real lucky !
  • #34,798
  • Oct 21, 2018 5:04pm Oct 21, 2018 5:04pm
Quoting claudia1
{quote} It can be fun. A night in the casino is good anyway and you have a chance. Online need to be real lucky !
It's amazing, you can be sooooo lucky in demo but funnily enough, when you go live, all that luck just seems to vanish! Weird, eh? ;P
  • #34,799
  • Oct 21, 2018 5:14pm Oct 21, 2018 5:14pm
Quoting lemercenaire
{quote} It's amazing, you can be sooooo lucky in demo but funnily enough, when you go live, all that luck just seems to vanish! Weird, eh? ;P
Very strange isn't it !
  • #34,800
  • Oct 21, 2018 8:16pm Oct 21, 2018 8:16pm
Evening all...or is it 'morning all? Lol, the next week or so is going to be a continuation of my muddled trading hours, I'm afraid.

I will be away from home and working from my Alienware and Chromebook set-ups as best I can time-slot wise. Just having to do hospital and recovery visits as per last week. Looking like it'll be all good but just going to be a time consuming thing just now.

Short story, I'll get on when I can and should actually be ok, only that the morning stuff will probably suffer and have to take a back seat - ie my morning DAX-Monster and any playing with The Frankenbreak.

Anyway, up watching the KC - Cincy game, so going to get back to it.

Hope everyone had a great weekend and I will see y'all (at some point) tomorrow.
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