Billytt Die happy trading e/j daily breakout | Page 1847 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #36,921
  • Dec 17, 2018 10:05am Dec 17, 2018 10:05am
i have just read some of my posts regarding my trading.
I think i could of explained a lot better lol...
SO KEEP ASKING QUESTIONS...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,922
  • Dec 17, 2018 10:05am Dec 17, 2018 10:05am
Quoting billytt
Cable.. 08-00 15 minute Bar High broke for +5 and lots more lol.. The 00-00 4 hour Bar High broke and it kept going {image}. someone asked last week about inside bars. Today with Cable. The 00-00 4 hour bar was an inside , Trading aggressively off the inside bar lots could of been made, Even trading off the mother bar. {image} I AM STILL NOT TRADING
Thank you! Keep the good stuff about the inside bars coming.
Buy low, sell high.
  • #36,923
  • Dec 17, 2018 10:36am Dec 17, 2018 10:36am
Spent most of the day at my local Cats Protection Adoption Centre today - awesome place and such a phenomenal bunch of staff and volunteers that keep it going - not to mention the furbombs themselves of course

I wish the place didn't need to exist but while it does, it deserves all the kudos going, as do all the CP centres.

Anyone at a loose end as to what charity to drop a few quid toward this Christmas...please give CP consideration.

Anyway, back at the coal face - anybody still actually trading? Why???????

Had my wee look-see in The Monster's Lair and kind of answered my own question, I suppose, as it was an eazy-peazy-lemon-squeezy bunch o' pips to be had in our usual morning time-slot.

I don't know if the earlier slot would have been up to much but running over the 08:00 move, you can see the perfect entry long off a 50-Fib cw MA cw 08:00 confluence.

The 50 to 23.6 would have given (without your spread involved) +5.6...50 to 0.0 was +10...the tall move +21 which would have done me and the kitties just fine.

DAX Monster in its lair - 08:00 move m1 Chart.

Attached Image
  • #36,924
  • Dec 17, 2018 11:08am Dec 17, 2018 11:08am
While I was on, just had a wee play.

Same set-up, that is a Fib Pull-Back. Double-Dipped.

Not bad, done just for giggles. Buys a couple of presents.

DAX m1 Chart Fib Pull-Back Scalp +13 +9

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-12-17 at 16.50.08 - Edited.png Size: 38 KB
  • #36,925
  • Dec 17, 2018 11:15am Dec 17, 2018 11:15am
Actually, had a look at that first chart from this morning - and the time is shifted...never noticed that before!!! Yikes!!!! UTC+1

So, that time slot wasn't 08:00 but 07:00 after all.

Wrist duly slapped.
  • #36,926
  • Dec 17, 2018 12:49pm Dec 17, 2018 12:49pm
Quoting HappyMan
{quote} Thank you! Keep the good stuff about the inside bars coming.
Cable, the 00-00 4 hour bar was actually an inside bar.

This bar has already been broken and then a retrace. IT MIGHT FAIL, LETS SEE..

edit.. the actual inside has triggered and not the mother bar....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,927
  • Dec 17, 2018 8:46pm Dec 17, 2018 8:46pm
Hey, I've got a question, not related to any of the methods, but trading itself. I came across an old video from another galaxy regarding the "exit playbook" and got me thinking.

When you start testing a new method, how do you go about it? (whichever that might be)

I mean, once you've got the stats where you see something that'd give you an edge, how do you build your trading plan and "exit playbook"? Are there any other things that you look for that might alter your exits such as, support and resistance zones, pivots, ranges, momentum, patterns, candle shapes, etc? Do you have different exits for different circumstances? If that's so, wouldn't that essentially go against not complicating things?

Do you have this written down and follow it strictly the same way as you would follow your entries? And at which point do you consider "alright, my trade management is working", or "no, this isn't working"? Positive p/l after a certain number of trades or a certain amount of time?

I'm asking this because I find that having something like this might help, as I always end up being all over the place when I'm in a trade. I just don't know how to go about it.

Maybe at this point you're all experienced and you do this discreationarliy with a positive outcome, but I don't know , so that's why I am asking.
  • #36,928
  • Dec 17, 2018 9:07pm Dec 17, 2018 9:07pm
Quoting Rfs199
Hey, I've got a question, not related to any of the methods, but trading itself. I came across an old video from another galaxy regarding the "exit playbook" and got me thinking. When you start testing a new method, how do you go about it? (whichever that might be) I mean, once you've got the stats where you see something that'd give you an edge, how do you build your trading plan and "exit playbook"? Are there any other things that you look for that might alter your exits such as, support and resistance zones, pivots, ranges, momentum, patterns,...
For me, it can vary from method to method. Some are more discretionary than others.

I do start from the position of knowing I have a Dollar amount target, once that is reached I'm not giving it back.

However once it is reached, my most likely catch all for exit points will come from a combination of fib-maps, micro S+D and significant levels.

Often, however, these are still not cut-and-dried, as if I am looking to extend a move, I will enter into a Counter Trade on a pullback along the way, to add some extra dosh to the pot.

I run the pullback as far as I can and once it looks to be turning back in my original direction, I close it out and bank it. Often I will then also add in at this point.

Should the pullback prove to be more than simply a pullback and instead prove to be a full scale turn, then I've protected my original move cash by having the counter entry be - in effect - a very early entry into a new trade. The original will be closed and often I will see a fib level or perhaps a Z-Line level has played a part.
  • #36,929
  • Dec 18, 2018 1:15am Dec 18, 2018 1:15am
morning, t 08--13

Cable.... the 00-00 4 hour bar high has been broken.. ( only just BUT BROKEN)

ideally we want it to now drop so maybe chase the daily range.
lines on chart are Major and mini levels where we can aim for.
Attached Image


I AM NOT TRADING


EDIT ... we are still on inside bar.. with bias for a drop. lets see.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,930
  • Dec 18, 2018 1:18am Dec 18, 2018 1:18am
Quoting Rfs199
Hey, I've got a question, not related to any of the methods, but trading itself. I came across an old video from another galaxy regarding the "exit playbook" and got me thinking. When you start testing a new method, how do you go about it? (whichever that might be) I mean, once you've got the stats where you see something that'd give you an edge, how do you build your trading plan and "exit playbook"? Are there any other things that you look for that might alter your exits such as, support and resistance zones, pivots, ranges, momentum, patterns,...
Rfs, if you are around, say a date within the last 10 years, ie 12th June 2009
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,931
  • Dec 18, 2018 1:18am Dec 18, 2018 1:18am
Sir Billy, a question for you. When you counter, how long do you let a loser run? Until it's profitable, until next day, or something else?
Buy low, sell high.
  • #36,932
  • Dec 18, 2018 1:20am Dec 18, 2018 1:20am
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} You are competitive mate, I give you that ...
We need to decide how to choose a book to read.

Lem, any advice? Is there a must-read on your list and simply a good book to start with?
Buy low, sell high.
  • #36,933
  • Dec 18, 2018 1:42am Dec 18, 2018 1:42am
Quoting HappyMan
{quote} We need to decide how to choose a book to read. Lem, any advice? Is there a must-read on your list and simply a good book to start with?
The hour between dog and wolf is a pretty good start. Coates deals with the whole biological and psychological cosmos of risk taking. It is a pretty new view influenced by maybe the last ten years of neuroscience.
Fix up, trade sharp ...
  • #36,934
  • Dec 18, 2018 2:32am Dec 18, 2018 2:32am
t 08-30
Cable, High broke and kept going lol..
BUT IF IT RETRACES we look on it breaking the 00-00 4 hour bar Low.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,935
  • Dec 18, 2018 2:34am Dec 18, 2018 2:34am
Quoting HappyMan
Sir Billy, a question for you. When you counter, how long do you let a loser run? Until it's profitable, until next day, or something else?
The counter is on until you are in profit,
That could be an hour, 2 hours , next day etc.

as you have seen what i do in the past,
i can have a fail and trade the opposite end of the bar and make 5% but still keep the counter on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,936
  • Dec 18, 2018 2:38am Dec 18, 2018 2:38am
Quoting billytt
{quote} The counter is on until you are in profit, That could be an hour, 2 hours , next day etc. as you have seen what i do in the past, i can have a fail and trade the opposite end of the bar and make 5% but still keep the counter on.
Thanks for responding. I've noticed that this is what you do and wanted to confirm.

The 5% is the 15-28 pipso-points?
Buy low, sell high.
  • #36,937
  • Dec 18, 2018 2:38am Dec 18, 2018 2:38am
Cable, t 08-35 ......we hit a mini level a short while back.

just for thought. it might carry on to 12700 area or drop to 12550 area....??? this is the tricky part.lol

That is why i like to trade off the retrace off the 00-00 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,938
  • Dec 18, 2018 2:38am Dec 18, 2018 2:38am
The 8:00 M15 still in play ...
Fix up, trade sharp ...
  • #36,939
  • Dec 18, 2018 2:40am Dec 18, 2018 2:40am
Quoting HappyMan
{quote} Thanks for responding. I've noticed that this is what you do and wanted to confirm.
The 5% is the 15-28 pipso-points?



erm no, lol.
Lets keep it easy and say 5 pips.
That 15 - 28 pips is a candle range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,940
  • Dec 18, 2018 2:42am Dec 18, 2018 2:42am
Quoting Hickson
The 8:00 M15 still in play ...
yes, the 08-00 has not yet broke high nor low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
6 traders viewing now