Billytt Die happy trading e/j daily breakout

A/J had a good night again. Averaging 60 % + at 1:1.5. - so far.

I too am looking at a similar concept but for me, using a fractal squeeze.

I am reluctant to devote too much time to it or give too much weight to any results just now - preferring to wait till the New Year sessions kick in.

You can be arrested for that you know.

[quote=claudia1;11795043]{quote} Was reading cable thread - someone mentioned 2640 which is exactly what I'm looking at - buy or sell ??[/quote]

Buy from bounce at 2660 if it comes.

You guys were making me jealous and as Claudia had asked about Cable, I had to open up the screens, lol.

Ignored Cable though and bagged a quick few off the back of The Monster, with a 50-Fib Pullback Bounce (though in this case it was the weaker 23.6).

DAX M1 Chart Long +3.4





Fair enough - pays for the MOT

While I said that the move was off the weaker fib level, if I had run it from the next move up, then that entry would actually have been off that 50.

Cable means "Kabel" in german. We'd call what is going on right now a "Kabelsalat" (cable salad) ...

Sehr gut, mein Freund! Wie Kohlsalat?

Fast! Kohlsalat schmeckt besser

t14-50

i went and helped gf cut some ivy trailing up a climbing rose..

Cable is dropping and as i write it has just hit the High of the 00-00 4 hour bar.

it might bounce or drop to the low, same again, it might bounce or drop more.

So far today adr is 70+ hmmmmmm maybe more to be bagged.

i am not trading

t 14-57.
E/U dropped to break 00-00 4 hour bar and kept going..

i am only speaking of E/U because a person is asking about it...

t 16-05
Cable, The 00-00 4 hour bar Low has just broken again for the second time.
77 point range so far today .
we do have plenty more to drop to make true adr....

Damn, I have waited for this setup all day before I had to go to the Christmas Celebration. Then it went, 0 pips DD. Bastards ... lol, socializing is maybe not + EV for Traders ...

Well, a few pages in already. Some 'unorthodox' ways to trade, with counter, hedging, the usual "no-no"s. This is like an outcast group of traders.

I'm really liking this, glad I found it. I'll probably start asking questions soon

That is right, some no-no's for me too. But maybe they work for some special animals. I am also not special, so I neither hedge or counter. The ideas are valid however.

You got it dead right.

This is a motley crew of privateer who-cares-what-everybody-else-thinks-or-does individuals, who found our way here from various outposts in the FX empire.

It's not for everyone but then again, we don't try to be. We do our own thing...we make money. What's not to like?

Welcome aboard.

hi, when i trade i expect to lose.
i am better at fixing a bad trade.OR (i usually make more) or did.

Forgetting news i trade off frequency distribution stats and these in my opinion are the nuts.
i actually was told the actual name FD in here .

i primarily follow the market makers following the UK open and if i have a fail i then either wait to trade the following day or look at different bars.

@Billy: please put me on ignore asap if you consider this post sidelines your thread too much

@claudia1: Maybe she knew, maybe she did not know that your briefing was only partial and that you left out the secret sauce. Honestly I do not care. It's not my business to interfere in an agreement between two persons I do not know.
And no, there has not been a single mail exchanged between myself and Retina. As I pointed out, I have invested a lot of time in analysing, briefing my programmer, testing, etc. etc. and I am pretty much done with my breakout strategy. The robot is running, it perfoms like it should on a live account. I just figured my input and some help would be welcomed by yourself to shorten the learning curve in your project with Retina. That's all. No hidden agendas, no bullshit, full stop.

Our whole "exchange" of ideas regarding breakout strategies begun the moment you conceptualised this encounter as a "battle".
Battles normally result in winners and losers. Nobody wants to be a loser, so this predisposed you immediately to take an adversarial position.
How ? Well, by delivering an opinion judgment for the second time.

There is a huge difference between taking a position against someone (and passing judgment), and taking a stand for something.
So far, you have only taken a position against me and apparently taken a stand against the threadowner.
That is fair enough, it is your choice and it has been well documented.

I have done my homework for my breakout robot project (stats, briefing, daily follow-ups with my programmer, ...) so I speak from clarity. I certainly do not expect you, nor anybody else for that matter, to agree with my ideas or statistics.
Having said that, your focus has been on finding your "opponent's" weaknesses, Retina's vulnerable spots (by suspending her) and trying to deliver strikes to drive a wedge.



I am not a gamer. All of these games are none of my business. I do not wish to take any part in it.
I surely do not want to rock your boat in Billy's cosy well knit user group.

BUT:
The way I see things is as follows.
Fool's Factory is a place to exchange ideas between like-minded people, traders.
As it is, it's difficult enough for most traders to beat the market and to be profitable in a consistent manner.
Many traders crave quality information, but in the course of the last few years the quality of content has decreased proportionally to the same proportions crap and scamming and crap information has increased.
If you see - or think of - an exchange of information with fellow traders as a battle to be won or lost, your real focus is not on your trading or the market, but on the other trader(s).
If you're in a battle like you chose yourself, it makes sense to focus on that other person - after all he or she represents a threat - right ?
Or not ? Who knows. I was under the impression that I spoke with quiet dignity of the subject I master pretty well: breakout strategies.
I must be wrong. We can all be wrong.

LuXing