Billytt Die happy trading e/j daily breakout | Page 1777 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #35,521
  • Oct 31, 2018 12:58pm Oct 31, 2018 12:58pm
Marky Boy has to share something with us tomorrow. Not sure if it will move a lot. I do not think they will change anything. And no change probably priced in already. How big the hickup could be if wrong, lol.
Fix up, trade sharp ...
  • #35,522
  • Oct 31, 2018 1:46pm Oct 31, 2018 1:46pm
To ease me back into things - an overview of The Monster.

Here on H4, you can clearly see we have reached a significant level. It will be interesting to see if price manages to close and hold over this level. Should know one way or the other over the next day or so. If we don't, then at least we'll have a new area of contraction to play off of.

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  • #35,523
  • Oct 31, 2018 1:58pm Oct 31, 2018 1:58pm
Elsewhere, GN is shaping up nicely...

GN H4

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  • #35,524
  • Oct 31, 2018 4:33pm Oct 31, 2018 4:33pm
Chillin'...

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  • #35,525
  • Oct 31, 2018 4:34pm Oct 31, 2018 4:34pm
One of the most underrated ever...

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  • #35,526
  • Oct 31, 2018 4:35pm Oct 31, 2018 4:35pm
Justified...

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  • #35,527
  • Nov 1, 2018 1:06am Nov 1, 2018 1:06am
Morning Guys, The Dax Monster Franky Open. At the Open we have a gap north of around +6 but not to my area of interest to make a short, at this time price is moving away from Demand,,soooo sat on Hands, this always gives me an UN easy feeling L.O.L. WAITED for price to show a little guidance got the bounce from the Demand below then jumped into my Spitfire and hit the throttle took 3 trades North on Lem MoMO STACKS Gazuuuundaaaaaa Bagged just short of 11 points . That was,,, well,,, ya gotta love it or hate it. Time for a brew and some breaky me thinks . Catch you in a bit I am still out and about will be looking in as and when. Keep green
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  • #35,528
  • Nov 1, 2018 1:24am Nov 1, 2018 1:24am
Quoting turnip15
"Billy Bar" away long. {image}
Thanks for keeping us updated with "billybar"
What are ur SL & TP ?
Thanks .SF
Onwards and upwards...
  • #35,529
  • Nov 1, 2018 1:27am Nov 1, 2018 1:27am
Quoting Hickson
I call it a day. Took me a lot of patience to ride that Cable car today, but got it. No need to fumble around, take some spare time and enjoy. End of the month. Cheers! Homework for the real traders, and you know who you are: Specify what you do to work on your mindset, if you do not like in public, pm me. Will answer later. Have a good one.
Interesting that this goes to oblivion. No judgment, just interesting ...
Fix up, trade sharp ...
  • #35,530
  • Nov 1, 2018 1:30am Nov 1, 2018 1:30am
Cable is pressing ... missed the easy + 20 setup that does not come too often, looks like I need my holiday sleep as a non-catholic. LOL. We have a cluster of levels here around the 1.2900 handle, but it looks still strong for now. DR-3 is not far already ...
Fix up, trade sharp ...
  • #35,531
  • Nov 1, 2018 1:31am Nov 1, 2018 1:31am
Quoting Hickson
P, send the builders out the house now. You gotta be back at the desk. Lol, Happy Halloween. Have a good one.
Same for you H
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  • #35,532
  • Edited 2:08am Nov 1, 2018 1:57am | Edited 2:08am
Quoting Hickson
Cable is pressing ... missed the easy + 20 setup that does not come too often, looks like I need my holiday sleep as a non-catholic. LOL. We have a cluster of levels here around the 1.2900 handle, but it looks still strong for now. DR-3 is not far already ...
Shook me off on the BO +2 ... well, better than a full loss. Of course, the target was within reach 5-6 pips
Fix up, trade sharp ...
  • #35,533
  • Nov 1, 2018 2:47am Nov 1, 2018 2:47am
Quoting Hickson
{quote} Shook me off on the BO +2 ... well, better than a full loss. Of course, the target was within reach 5-6 pips
Wins a win H ,, A fish in the landing Net is a lot better than a SNAPPED LINE
Plenty of GBP Red News later today Catch you later Bud
  • #35,534
  • Nov 1, 2018 2:56am Nov 1, 2018 2:56am
Quoting Pipradar
{quote} Wins a win H ,, A fish in the landing Net is a lot better than a SNAPPED LINE Plenty of GBP Red News later today Catch you later Bud
Too right ... take care man ... jump in the landing net later LOL
Fix up, trade sharp ...
  • #35,535
  • Nov 1, 2018 3:17am Nov 1, 2018 3:17am
Quoting Hickson
I call it a day. Took me a lot of patience to ride that Cable car today, but got it. No need to fumble around, take some spare time and enjoy. End of the month. Cheers! Homework for the real traders, and you know who you are: Specify what you do to work on your mindset, if you do not like in public, pm me. Will answer later. Have a good one.
For me,,, I trade my plan, sounds cliche", aghhh.
So, I look for my plan to unfold at levels where I expect a reaction, I am aware of how I am feeling, this is something I read about in my early days of trading and now I don't ask myself how are you feeling anymore I am aware of it. I am one of the following, Calm, Confident, or a tad stressed, A feeling OF UNEASE, But don't know why!! = No trade, = Play my Acoustic, take a walk, this puts me at ease with myself and then I recap my plan, = what I will do if this happens and what I will do if that happens, and you know the Market is still there, doing what it does, I look at where the market was earlier when I didn't feel quite right,, guess what,, It did what it does, This for me deals with my unease of the market, because it was me that changed at that time, the market didn't give a Monkey's about how I felt and it carried on. Not sure if this is what you asked, H, But its what I do. Catch you in a bit need to be somewhere.
  • #35,536
  • Nov 1, 2018 3:49am Nov 1, 2018 3:49am
Quoting Pipradar
Morning Guys, The Dax Monster Franky Open. At the Open we have a gap north of around +6 but not to my area of interest to make a short, at this time price is moving away from Demand,,soooo sat on Hands, this always gives me an UN easy feeling L.O.L. WAITED for price to show a little guidance got the bounce from the Demand below then jumped into my Spitfire and hit the throttle took 3 trades North on Lem MoMO STACKS Gazuuuundaaaaaa Bagged just...
Nicely done - glad you are holding down the fort and keeping The Monster in line while I am not able to get on when I want for now.
  • #35,537
  • Nov 1, 2018 3:59am Nov 1, 2018 3:59am
Quoting Hickson
{quote} Interesting that this goes to oblivion. No judgment, just interesting ...
Hi H. Sorry, not running from the question, just had no time.

I am perhaps in a non-standard situation, as I use exactly the same techniques for building mental toughness and preparedness in my trading as I used when I kicked and then sport-climbed (both professionally) and so I would almost guarantee that this is not what others would use.

When you trot out to kick a potential game-winning field goal or are soloing over a deathfall drop, then there are no do-overs and is all about knowing that you have prepped and rehearsed to the utmost (though admittedly as far as I know, no one has ever died from missing a field goal, game-winner or not, lol).

Courage and bravery come from strength and for me, knowing and trusting my methods inside out and upside down mean that I have no double-thinking going on as I pull the trigger. I trust the method and I know exactly what I will do in any given situation that comes as the trade unfolds.

There are a couple of very, very, good books on sports psychology that I have read that would do the job in the crossover to trading and I will try and remember to get the links for you later on tonight.
  • #35,538
  • Nov 1, 2018 4:10am Nov 1, 2018 4:10am
Quoting Hickson
{quote} Interesting that this goes to oblivion. No judgment, just interesting ...
Hey sorry I just read your post. I'll go into but next week maybe - busy with you know what plus trading away.
  • #35,539
  • Nov 1, 2018 4:14am Nov 1, 2018 4:14am
Quoting soccerfan
{quote} Thanks for keeping us updated with "billybar" What are ur SL & TP ? Thanks .SF
The Billy Bar is traded using the counter trading method, SF.

Billy's extensive stats showed that should the original move fail to grab the +5, then the retrace back out the other side will hunt the Daily range. This is in fact Billy's ''Modest Daily Range'', which is a contraction of the actual range. So if the DR is X, then we would look at say 1/3 of X as achievable. Should we see there is enough room out the other side of any potential failed move, then we can enter a counter + second trigger with confidence. If not, then we can still lock in the floating loss with the counter and come back tomorrow.

This part of the equation - the retrace trade - is where Billy used his ''secret sauce'' and as such it does get rather vague and you need to read between the lines of the posts.

However, the way I run it, I use Wick Zone tech (assuming the candle is big enough) and so in effect enter the retrace much earlier. I can then use stacking techniques and also run scalps as stand alone trades while I am waiting for the second trigger to kick in. All to clear the negative, That is all that matters, not how you do it,
  • #35,540
  • Nov 1, 2018 4:15am Nov 1, 2018 4:15am
Popping out to the bank now - watch out for The Prince of Darkness venturing out later on. Look out the garlic.
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