Billytt Die happy trading e/j daily breakout | Page 1845 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #36,881
  • Dec 15, 2018 7:12am Dec 15, 2018 7:12am
Quoting lemercenaire
{quote} I will have you know, young lady, that I have read every single book I own
lol well done !
  • #36,882
  • Dec 15, 2018 7:15am Dec 15, 2018 7:15am
Quoting claudia1
{quote} lol well done !
I may be moving home in Feb. The thought of packing them all brings me out in a cold sweat!
  • #36,883
  • Dec 15, 2018 7:17am Dec 15, 2018 7:17am
Quoting lemercenaire
{quote} I may be moving home in Feb. The thought of packing them all brings me out in a cold sweat!
Speaking of cold it's freezing .. time of year for Glühwein
  • #36,884
  • Dec 15, 2018 7:22am Dec 15, 2018 7:22am
Quoting claudia1
{quote} Speaking of cold it's freezing .. time of year for Glühwein
The predicted blizzards have come as a freezing monsoon here. 3°

I have been putting off going out for the last two hours, on the off chance the sun may come out. It now appears to be getting dark again, we seem to not actually have had any daytime, lol.
  • #36,885
  • Dec 15, 2018 8:00am Dec 15, 2018 8:00am
You guys are too sensitive about the temperatures ... It is predator fishing season
Fix up, trade sharp ...
  • #36,886
  • Dec 15, 2018 8:03am Dec 15, 2018 8:03am
Quoting lemercenaire
{quote} I will have you know, young lady, that I have read every single book I own
Me too. Except the lame random science fiction novels some people gave me for birthday as a teen or so ...
Fix up, trade sharp ...
  • #36,887
  • Dec 15, 2018 8:04am Dec 15, 2018 8:04am
Quoting lemercenaire
{quote} The predicted blizzards have come as a freezing monsoon here. 3° I have been putting off going out for the last two hours, on the off chance the sun may come out. It now appears to be getting dark again, we seem to not actually have had any daytime, lol.
Good reminder, gotta head out again for some work in the garden before dark again. Catch you later ...
Fix up, trade sharp ...
  • #36,888
  • Dec 15, 2018 9:56am Dec 15, 2018 9:56am
Quoting Hickson
{quote} 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...
R/R between 2:2,5 and 1:5 is pretty good. What guiding principles do you use to make a decision?
Buy low, sell high.
  • #36,889
  • Dec 15, 2018 9:57am Dec 15, 2018 9:57am
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.
Would you like to pick a book, Coates or one of Lem's should work, and read it and find a place to discuss it? Surely, Lem would be glad to share his insights.
Buy low, sell high.
  • #36,890
  • Dec 15, 2018 10:38am Dec 15, 2018 10:38am
Quoting Hickson
You guys are too sensitive about the temperatures ... It is predator fishing season
"Sensitive about the temperatures"?

I'll have you know, you haven't lived till you've had your foot freeze to the turf as you stand waiting to kick off a game, lol.
  • #36,891
  • Dec 15, 2018 10:53am Dec 15, 2018 10:53am
Quoting HappyMan
{quote} Would you like to pick a book, Coates or one of Lem's should work, and read it and find a place to discuss it? Surely, Lem would be glad to share his insights.
Good idea, why not.

Quoting HappyMan
{quote} R/R between 2:2,5 and 1:5 is pretty good. What guiding principles do you use to make a decision?
It has to be with trend most of the time. Then just play my ranges and pivots. Discretionary stuff a BOT cannot be taught I am afraid.

Quoting lemercenaire
{quote} "Sensitive about the temperatures"? I'll have you know, you haven't lived till you've had your foot freeze to the turf as you stand waiting to kick off a game, lol.
You are competitive mate, I give you that ...
Fix up, trade sharp ...
  • #36,892
  • Dec 15, 2018 2:15pm Dec 15, 2018 2:15pm
[quote=Hickson;11800679]{quote} Good idea, why not. {quote} It has to be with trend most of the time.
Then just play my ranges and pivots. Discretionary stuff a BOT cannot be taught I am afraid. {quote}

Bots are programmed to lines or mine is....
The good thing is they cannot think lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,893
  • Dec 15, 2018 2:20pm Dec 15, 2018 2:20pm
gf has decked the house with Yule decorations and she did not want help ho ho ho.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,894
  • Dec 15, 2018 3:04pm Dec 15, 2018 3:04pm
[quote=billytt;11800843]
Quoting Hickson
{quote} Good idea, why not. {quote} It has to be with trend most of the time. Then just play my ranges and pivots. Discretionary stuff a BOT cannot be taught I am afraid. {quote} Bots are programmed to lines or mine is.... The good thing is they cannot think lol
Yeah, not sure about the thinking part. One can think that they think lol
Fix up, trade sharp ...
  • #36,895
  • Dec 15, 2018 4:34pm Dec 15, 2018 4:34pm
Quoting claudia1
{quote} Hi Kev - the indicator I use won't do that. Is this what you're after ? Never used it but here is code. {image} {file}

This is a better method that obeys pivot point theory for the month of December till this Friday 12/14/18, for 4 hr GBP/USD at the height of BREXIT worries! My bias going into this month with this pair was sell, so looked at pivot points where I could sell.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd at height of Brexit.png Size: 352 KB
  • #36,896
  • Dec 15, 2018 4:46pm Dec 15, 2018 4:46pm
Quoting Styngray
{quote} This is a better method that obeys pivot point theory for the month of December till this Friday 12/14/18, for 4 hr GBP/USD at the height of BREXIT worries! {image}
Good stuff. Have not looked so much at the monthly and weekly Pivots for swing trading but will do so as it will make my trading more holistic and it is good to put in more swing trades on the side in a separate account. Do you switch to the smaller TFs to pinpoint the entry or will you just set limit orders at the key levels?
Fix up, trade sharp ...
  • #36,897
  • Dec 15, 2018 4:49pm Dec 15, 2018 4:49pm
Catching up I came across this (I'm at pages 700~800, so still a long way to go lol):

Quoting lemercenaire
{quote}However, you can run WZ trades off any bar you fancy and will still be likely to come out ahead through the use of counters etc if needed. WZ really is the gift that keeps on giving.
Quoting lemercenaire
{quote}Now - and this shows synchronicity at work once more - for the last few days, I have been running a tight-tp scalp trial on the EJ H1 bar, looking for a quick +3 on WZ trades, on every new bar. EJ shows a particular liking for this. You can run it all day long and boy, all those +3's mount up! Early days but watch this space...
Do you still run that Lem? Scalping off Hourly WZs throughout the day? I don't know if that could be (or is) a method of its own, but I really like the idea of scalping like that, in & out quick.
  • #36,898
  • Dec 15, 2018 4:50pm Dec 15, 2018 4:50pm
Quoting Hickson
{quote} Good stuff. Have not looked so much at the monthly and weekly Pivots for swing trading but will do so as it will make my trading more holistic and it is good to put in more swing trades on the side in a separate account. Do you switch to the smaller TFs to pinpoint the entry or will you just set limit orders at the key levels?
Anywhere from 1 min to 15 mins for entry depending on the pair and circumstances. I also look at EMAs (5,8) and (21,55) if the price has blown through the pivots. But I have a macro bias going in. Other than this I use COT regularly.

monthly, weekly, daily m2 is a powerful buy zone, while m3 is a powerful sell zone. Of course confluences are very powerful as we all know.
  • #36,899
  • Dec 15, 2018 4:55pm Dec 15, 2018 4:55pm
Quoting Styngray
{quote} Anywhere from 1 min to 15 mins for entry depending on the pair and circumstances. I also look at EMAs (5,8) and (21,55) if the price has blown through the pivots. But I have a macro bias going in. Other than this I use COT regularly.
I see. How do you decide your risk in pips once you think the level is ripe and do you use fixed targets, if you mind sharing? I often use a TP zone and If the move is very strong I might extend it or, more likely, take it off manually when it touches the TP and bounces or chops. That is intraday though.
Fix up, trade sharp ...
  • #36,900
  • Dec 15, 2018 5:19pm Dec 15, 2018 5:19pm
Quoting Hickson
{quote} I see. How do you decide your risk in pips once you think the level is ripe and do you use fixed targets, if you mind sharing? I often use a TP zone and If the move is very strong I might extend it or, more likely, take it off manually when it touches the TP and bounces or chops. That is intraday though.
1% on each trade entry. S/L at next higher pivot generally. When it touches the target pivot I am out generally or at least 30 %. Its not cut and dry. Depends on if it a long term entry or a event that might be more volatile like brexit.... where I am all out at the touch or even 10 pips before. I do all manually. No bot business.
Sure I have zones also for normal trading, not NFP or BREXIT or some other volatile news event. The green zones are for the weekly targets and the grey ones for the monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: brexit1.png Size: 77 KB
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