Billytt Die happy trading e/j daily breakout | Page 1844 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #36,861
  • Dec 14, 2018 3:04pm Dec 14, 2018 3:04pm
Just cleared my ignore list. I think it is not positive to hold a grudge forever. What was telling though ... Of these 26 nicks, only 2-3 we're around lately. Almost all gone for years already. It was interesting to see ...
Fix up, trade sharp ...
  • #36,862
  • Dec 14, 2018 3:41pm Dec 14, 2018 3:41pm
Long day, but now it is chill time.
gf is out having having a ukulele lesson (i had to google how to spell it)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,863
  • Dec 14, 2018 3:42pm Dec 14, 2018 3:42pm
[quote=Rfs199;11797188]Interesting methods so far, and I see some based on statistics. I'm going to ask a little bit for each one if you don't mind: --- The E/J and A/U breakouts, I've read some stats but they might be very outdated. Quick question on those trades. The idea is to aim for +5, and if it fails, place a counter trade wait for the next trigger. Now, the part that has me confused is this (this is a very old comment from wannalearn): A. Trade #1 - entry has triggered at 100 short looking for +5. B. Trade #1 - price has moved to 120 and you are now -20. C. Trade #2 - enter long at 120. This HOLDS the overall LOSS at -20. D. Trade #3 - entry has triggered at 175 long. Trade #1 and #2
Hi Rfs. i will now try and explain over several posts to keep them short.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,864
  • Dec 14, 2018 3:43pm Dec 14, 2018 3:43pm
Quoting Hickson
Just cleared my ignore list. I think it is not positive to hold a grudge forever. What was telling though ... Of these 26 nicks, only 2-3 we're around lately. Almost all gone for years already. It was interesting to see ...

it tells a tale...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,865
  • Dec 14, 2018 3:43pm Dec 14, 2018 3:43pm
No trades yet, but watched the deadzone on UC and EJ (and a couple more out of curiosity). I mean, you can always get in a bad range, but I think price might usually leave the zone (and some of those moves aren't small). Opportunity is definitely there, it's a matter of how.

I'll keep reading now, it's gonna be my homework lol.

And thanks for your answers!
  • #36,866
  • Dec 14, 2018 3:44pm Dec 14, 2018 3:44pm
Quoting billytt
Quoting Rfs199
Interesting methods so far, and I see some based on statistics. I'm going to ask a little bit for each one if you don't mind: --- The E/J and A/U breakouts, I've read some stats but they might be very outdated. Quick question on those trades. The idea is to aim for +5, and if it fails, place a counter trade wait for the next trigger. Now, the part that has me confused is this (this is a very old comment from wannalearn): A. Trade #1 - entry has triggered at 100 short looking for +5. B. Trade #1 - price has moved to 120 and
...
Thanks Billy!
  • #36,867
  • Dec 14, 2018 3:56pm Dec 14, 2018 3:56pm
[quote=Rfs199;11797188, and I see some based on [COLOR=Red]statistics.[/color] : --- The E/J and A/U breakouts,. Quick question on those trades.

All my trades are based on Frequency Distribution Stats.

E/J was traded off the Daily Bar and i normally traded for 10/20 points.
i would normally counter at minus - 30 points..

This Daily Bar might be an inside or outside bar.....
Long time since i traded this way.

A/U was traded off the 04-00 4 hour Bar. i normally traded it for +10
Closing of this Bar coincided almost with the Asian session closing.
A/U is a nice and relaxed pair with range approx up to 30 and easy to counter.

with the above 2 pairs, making 10/20 points was a lot less than the stats i used...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,868
  • Dec 14, 2018 4:04pm Dec 14, 2018 4:04pm
Quoting Rfs199
Interesting methods so far, and I see some based on statistics. : A. Trade #1 - entry has triggered at 100 short looking for +5. B. Trade #1 - price has moved to 120 and you are now -20. C. Trade #2 - enter long at 120. This HOLDS the overall LOSS at -20. D. Trade #3 - entry has triggered at 175 long. Trade #1 and #2 are still running. E. Hunt the modest range, or until in overall profit, up to you. How do you determine where you place your counter trade and the other triggers? What happens if the next trade goes into the negative as well? Hard...
and then we have the 08-00 15 minute bar break...

The other methods developed into this and it is by far the best....
a decent range is approx 15 to 28 and perfect to counter,.

With a counter, you enter at High or Low and if it reverses you counter at the opposite High or Low.
This way your Loss is equal to the Bar Range.
you can then hold the loss until the next trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,869
  • Dec 14, 2018 4:12pm Dec 14, 2018 4:12pm
Quoting billytt
{quote} and then we have the 08-00 15 minute bar break... The other methods developed into this and it is by far the best.... a decent range is approx 15 to 28 and perfect to counter,. With a counter, you enter at High or Low and if it reverses you counter at the opposite High or Low. This way your Loss is equal to the Bar Range. you can then hold the loss until the next trade
I never do that, because I think it is unneccessary risk. If it moves, it will give pips. If not, take a loss and wait for the next trade, either a second break with stabilization above or break at the other side. I am not a BOT yet ... You have all the stats and know what you are doing. To me it is just a market pattern to exploit in terms of odds and RR.
Fix up, trade sharp ...
  • #36,870
  • Dec 14, 2018 5:23pm Dec 14, 2018 5:23pm
Quoting Hickson
{quote} I never do that, because I think it is unneccessary risk. If it moves, it will give pips. If not, take a loss and wait for the next trade, either a second break with stabilization above or break at the other side. I am not a BOT yet ... You have all the stats and know what you are doing. To me it is just a market pattern to exploit in terms of odds and RR.
What ever rocks your boat??lol.

No problem taking a loss and yes you can then look at the next trade.
With a counter you do not lose and you can use this in advertising a product as my colleague/mate does.
example... WE HAVE A 95% HIT RATE, infact it is 100% but no one will believe...

I have been told that my method is a special grid method,
ALSO my countering at various levels is the basis of the bot i had developed. ( my idea and a pro programmer did the work)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,871
  • Dec 14, 2018 6:06pm Dec 14, 2018 6:06pm
[quote=Hickson;11798712]{quote} These mindset books you have mentioned man ... would , you be so kind to give recommendations?[/quote]

Ok - here a go (in no particular order):

1: Pressure Myths: Understanding the Psychology of Performance by Rich Hudson.

2: The Psychology of Performance (The Psychology of Everything) by Stewart T. Cotterill

3: The Art of Mental Training - A Guide to Performance Excellence by DC Gonzalez

4: The Warrior, The Strategist and You: How to Find Your Purpose and Realise Your Potential by Floyd Woodrow

5: The Pressure Principle: Handle Stress. Harness Energy and Perform When It Counts by Dr David Alred MBE

6: How Champions Think: In Sports and in Life by Dr Bob Rotella with Bob Cullen

7: In The Zone: How Champions Think and Win Big by Clyde Brolin

8: The Greatest: What Sport Teaches Us About Achieving Success by Matthew Syed

9: Bounce: The Myth of Talent and the Power of Practice by Matthew Syed

10: Mindset - Updated Edition: Changing The Way You Think To Fulfil Your Potential by Dr Carol Dweck
  • #36,872
  • Dec 14, 2018 6:07pm Dec 14, 2018 6:07pm
Quoting Hickson
{quote} I never do that, because I think it is unneccessary risk. If it moves, it will give pips. If not, take a loss and wait for the next trade, either a second break with stabilization above or break at the other side. I am not a BOT yet ... You have all the stats and know what you are doing. To me it is just a market pattern to exploit in terms of odds and RR.
Curious, what are your SL and TP?
Buy low, sell high.
  • #36,873
  • Dec 14, 2018 6:08pm Dec 14, 2018 6:08pm
Quoting lemercenaire
{quote} These mindset books you have mentioned man ... would , you be so kind to give recommendations? Ok - here a go (in no particular order): 1: Pressure Myths: Understanding the Psychology of Performance by Rich Hudson. 2: The Psychology of Performance (The Psychology of Everything) by Stewart T. Cotterill 3: The Art of Mental Training - A Guide to Performance Excellence by DC Gonzalez 4: The Warrior, The Strategist and You: How to Find Your Purpose and Realise Your Potential by Floyd Woodrow 5: The Pressure Principle: Handle Stress. Harness...
Thanks for sharing. Should we start a book reading club?
Buy low, sell high.
  • #36,874
  • Dec 14, 2018 6:15pm Dec 14, 2018 6:15pm
[quote=HappyMan;11800115]{quote} Thanks for sharing. Should we start a book reading club?[/quote]

If you get me started on books, I will never have time to trade again
  • #36,875
  • Dec 14, 2018 6:17pm Dec 14, 2018 6:17pm
Quoting lemercenaire
{quote} Thanks for sharing. Should we start a book reading club? If you get me started on books, I will never have time to trade again
How 'bout one book, or chapter, - one trade approach? ;-)
Buy low, sell high.
  • #36,876
  • Dec 15, 2018 2:15am Dec 15, 2018 2:15am
Quoting HappyMan
{quote} Curious, what are your SL and TP?
It depends on the market. Sometimes I will not let it go against me more than 10, when it is choppy I add some buffer if the RR is there. So maybe 20 to catch 40, 50. I decide what could be in the way to tp. Some people split their positions, but I find this difficult. Annoying if you take off half and the rest is stopped. It might go more from time to time but the markets atm are as moody as the people and so I often find it better to escape with a fistful of dollars than gambling for the big home run. Others may do better, but that is just me.
Fix up, trade sharp ...
  • #36,877
  • Dec 15, 2018 5:24am Dec 15, 2018 5:24am
Quoting lemercenaire
{quote} These mindset books you have mentioned man ... would , you be so kind to give recommendations? Ok - here a go (in no particular order): 1: Pressure Myths: Understanding the Psychology of Performance by Rich Hudson. 2: The Psychology of Performance (The Psychology of Everything) by Stewart T. Cotterill 3: The Art of Mental Training - A Guide to Performance Excellence by DC Gonzalez 4: The Warrior, The Strategist and You: How to Find Your Purpose and Realise Your Potential by Floyd Woodrow 5: The Pressure Principle: Handle Stress. Harness...
Thanks, good stuff. Gotta start with the book from Coates. Still in the desk and only 30 pages read. Can be demanding to find time reading sometimes. Maybe I should try reading more while trading.
Fix up, trade sharp ...
  • #36,878
  • Dec 15, 2018 5:36am Dec 15, 2018 5:36am
Quoting HappyMan
{quote} Thanks for sharing. Should we start a book reading club?
Be careful with the books - I've got loads and most of them unread. Book case looks impressive that's about all. Sounds like Hickson and Lem the same.
  • #36,879
  • Dec 15, 2018 7:09am Dec 15, 2018 7:09am
Quoting Hickson
{quote} Thanks, good stuff. Gotta start with the book from Coates. Still in the desk and only 30 pages read. Can be demanding to find time reading sometimes. Maybe I should try reading more while trading.
Syed's are a good place to start.

I always make some time to read.

I am also not suggesting you must read all of these, this is just an idea of the specific kind of themes regarding developing mental toughness that are available.

I do agree with the underlying concepts, obviously, however I do also believe that there are people who are inherently more suited to trading (and high level sports) and there will always be some who no matter how hard they train or study just don't have that...whatever-it-is.

I had no idea I was suited. My brother did - many years before I started trading - but I just didn't see it.

I am, however, an autodidact and once I took the idea on board, applying the attitudes I brought from my sporting career, then I wondered why I didn't see it earlier.
  • #36,880
  • Dec 15, 2018 7:11am Dec 15, 2018 7:11am
Quoting claudia1
{quote} Be careful with the books - I've got loads and most of them unread. Book case looks impressive that's about all. Sounds like Hickson and Lem the same.
I will have you know, young lady, that I have read every single book I own
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