Billytt Die happy trading e/j daily breakout | Page 1786 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #35,701
  • Nov 6, 2018 4:08am Nov 6, 2018 4:08am
Quoting wannalearn12
It's 4 am... night night. claudia gonna have to sit with the EA and figure it out.
Thought it must be early for you .. give some feedback on the ea some time.
  • #35,702
  • Nov 6, 2018 4:13am Nov 6, 2018 4:13am
Quoting Pipradar
{quote} Nice one T, GREAT RESULT and post, this is the way forward, I.M.O. we should be posting and explaining our trades.
Not too nerve wracking today.
Took a long wick zone back into zone/body and got 5ive. Then it left the entire zone for a nice short. Better today than yesterday.

Edit: Closed trade -not giving that long candle gain up.
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every Saint has a past. Every Sinner has a Future
  • #35,703
  • Nov 6, 2018 4:14am Nov 6, 2018 4:14am
Now how the hell do I replicate this on live.. demo always is just so easy.
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  • #35,704
  • Nov 6, 2018 4:17am Nov 6, 2018 4:17am
Quoting wannalearn12
Now how the hell do I replicate this on live.. demo always is just so easy. {image}
What are you trading?
Is that "Billy Bar" or "Wick Zone" stuff I see before me ?
every Saint has a past. Every Sinner has a Future
  • #35,705
  • Nov 6, 2018 4:17am Nov 6, 2018 4:17am
Recovered + 2 R on the fast drop under the open ... stops triggered under 1.3055. Looks like could run more, but with yesterday already just falling short of reaching + 4 R and falling back to 0, it was time to take some profits in order to ease the DD ... bit relief tbh.

Trading can be hard sometimes, but good to know I am able to rise up to the fear I am feeling during DD and come back somehow several times. I would not have been able to do that few years ago ...

Good to know you also caught some T.
Fix up, trade sharp ...
  • #35,706
  • Nov 6, 2018 4:17am Nov 6, 2018 4:17am
Quoting wannalearn12
Now how the hell do I replicate this on live.. demo always is just so easy. {image}
Just follow your own plan. Now if you want it coded I know just the person ...
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  • #35,707
  • Nov 6, 2018 4:18am Nov 6, 2018 4:18am
What worked for me is lowering my risk to the "dont give a fk" level. This way i can let my trades run and stopping out does not hurt anymore.
Necessity knows no law except to conquer
  • #35,708
  • Nov 6, 2018 4:19am Nov 6, 2018 4:19am
Quoting wannalearn12
Now how the hell do I replicate this on live.. demo always is just so easy. {image}
Yeah, live you pay the commissions, the spread, the broker suddenly is not your best friend ... what a trick ...
Fix up, trade sharp ...
  • #35,709
  • Nov 6, 2018 4:20am Nov 6, 2018 4:20am
and we reversed.
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  • #35,710
  • Nov 6, 2018 4:20am Nov 6, 2018 4:20am
Quoting claudia1
{quote} I am. Dax trade from yesterday finally hit + 25 bit scary on the way. Cable going back to 29 ?
Dax -sometimes she is okay, like today. Other times she keeps me waiting or smacks me in the face
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every Saint has a past. Every Sinner has a Future
  • #35,711
  • Nov 6, 2018 4:21am Nov 6, 2018 4:21am
Quoting turnip15
{quote} What are you trading? Is that "Billy Bar" or "Wick Zone" stuff I see before me ?
YM, or the US dow jones mini 5$ - basically minimum size is half a lot.
  • #35,712
  • Nov 6, 2018 4:22am Nov 6, 2018 4:22am
Quoting 3ndlessHope
What worked for me is lowering my risk to the "dont give a fk" level. This way i can let my trades run and stopping out does not hurt anymore.
I kind of do that as well. Never risk more than 0.5 % on a position, the way I can comfortably say the maths should be with me if I do not mess up. Still sometimes feeling a bit of pressure not being used to higher leverage. I have traded small accounts not more than 5 k for years. Gotta raise your limits at some point, after all it is also just a number within your healthy terms of risk management. Does not matter if risk is 50 cent in a 100 usd account or 2.5 k in 500 k.
Fix up, trade sharp ...
  • #35,713
  • Nov 6, 2018 4:23am Nov 6, 2018 4:23am
Quoting turnip15
{quote} Dax -sometimes she is okay, like today. Other times she keeps me waiting or smacks me in the face {image}
Don't trade it too often - leave that to Lem of course. Got out way too early but that's the way it goes.
  • #35,714
  • Nov 6, 2018 4:23am Nov 6, 2018 4:23am
Quoting Hickson
{quote} Always admire people who are able to use them. I found them to be highly subjective most of the time and sometimes they work, sometimes not really. Easier to look at horizontal levels for me.
Or a combination of factors = Confluence.
every Saint has a past. Every Sinner has a Future
  • #35,715
  • Nov 6, 2018 4:24am Nov 6, 2018 4:24am
https://www.youtube.com/channel/UCbD...eyLos76qk_dfZw guy is no joke. Only trades dax. How do I get someone like this to let me move in buy me clothes feed me and teach me? not asking to to much... he he
  • #35,716
  • Nov 6, 2018 4:28am Nov 6, 2018 4:28am
Quoting Hickson
{quote} I kind of do that as well. Never risk more than 0.5 % on a position, the way I can comfortably say the maths should be with me if I do not mess up. Still sometimes feeling a bit of pressure not being used to higher leverage. I have traded small accounts not more than 5 k for years. Gotta raise your limits at some point, after all it is also just a number within your healthy terms of risk management. Does not matter if risk is 50 cent in a 100 usd account or 2.5 k in 500 k.
If you trade only the range breakouts, then you could try trading it with the EA, this way you would eliminate all the pressure from your emotions.
Necessity knows no law except to conquer
  • #35,717
  • Nov 6, 2018 4:31am Nov 6, 2018 4:31am
Quoting turnip15
{quote} Or a combination of factors = Confluence.
That is a concept I also like. I toss in Fibonacci sometimes plus H1 levels I am trading. The Fibos not soooo much, pivots are the key element of my strategy. They are always in place and not so subjective in my view, any fool can find them. Also me lol
Fix up, trade sharp ...
  • #35,718
  • Nov 6, 2018 4:36am Nov 6, 2018 4:36am
Quoting wannalearn12
{quote} YM, or the US dow jones mini 5$ - basically minimum size is half a lot.
You trading it before the US session?
Albeit I did notice Dow and Was do move about more leisurely at those times - but it was a brief glance at a few days. What the pre-US action is like over longer time periods Simply do not know.
every Saint has a past. Every Sinner has a Future
  • #35,719
  • Nov 6, 2018 4:37am Nov 6, 2018 4:37am
Quoting 3ndlessHope
{quote} If you trade only the range breakouts, then you could try trading it with the EA, this way you would eliminate all the pressure from your emotions.
That is kind of true, but before need to test it for a longer period. I see two other arguments for trading discretionary: a) my trades usually have a better RR, not less than 1.5 R and 2 R on average. Of course, this can be set in the EA, but there might be some market conditions that will make me skip some trades that the EA will just take without any further ado. Other than that, I use limits on certain opportunities if I believe the market will retest a level.

b) I have a set of rules as NEVER move the initial stop against me and hold for the target, but also able to drag it to BE when up 1 R and the market starts to turn against me. Sometimes I extend my target if an important major level gets broken and hold for the real move. I think an EA is hard to built with this kind of discretionary trading. Also it might help personal growth and sharpness in trading. That way I will remain a life long learner.
Fix up, trade sharp ...
  • #35,720
  • Nov 6, 2018 4:38am Nov 6, 2018 4:38am
Quoting wannalearn12
https://www.youtube.com/channel/UCbD...eyLos76qk_dfZw guy is no joke. Only trades dax. How do I get someone like this to let me move in buy me clothes feed me and teach me? not asking to to much... he he
Smart guy -wish I was as smart.

EDIT : Just realised -he is using "Range Bars" isn't he - 4 and 21 ?
every Saint has a past. Every Sinner has a Future
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