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Billytt Die happy trading e/j daily breakout

  • #37,381
  • Jan 3, 2019 8:07am Jan 3, 2019 8:07am
Quoting claudia1
{quote} Got the first at Southwell 8/1 good start to the day will leave it now until later. Back to boring currencies. Apple has to be worth a look after that drop.
That sound you hear is a spinning Steve Jobs.
  • #37,382
  • Jan 3, 2019 8:09am Jan 3, 2019 8:09am
Quoting lemercenaire
{quote} That sound you hear is a spinning Steve Jobs.
Buffet took a big hit by the looks.
  • #37,383
  • Jan 3, 2019 8:10am Jan 3, 2019 8:10am
Quoting claudia1
{quote} Soros took a big hit by the looks.
That has been known for years ...
Fix up, trade sharp ...
  • #37,384
  • Jan 3, 2019 8:12am Jan 3, 2019 8:12am
Quoting Hickson
{quote} That has been known for years ...
I meant Buffet https://www.forexfactory.com/news.php?do=news&id=864855
  • #37,385
  • Jan 3, 2019 8:17am Jan 3, 2019 8:17am
Quoting claudia1
{quote} I meant Buffet https://www.forexfactory.com/news.php?do=news&id=864855
Read that ... nobody is really safe from the craziness ... will stop trading for the week, intraday account was not accessible to at least get + 15 for the connection issues and swing account two losses in a row ... levels not working, pivots a mess, tomorrow NFP ... odds not in my favor in this scenario, I will do something else, laters, take care out there ...
Fix up, trade sharp ...
  • #37,386
  • Jan 3, 2019 8:54am Jan 3, 2019 8:54am
Quoting claudia1
{quote} Ok point taken !
I was just saying Claudia, nothing aimed at you. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,387
  • Jan 3, 2019 10:08am Jan 3, 2019 10:08am
Quoting lemercenaire
{quote} The spread will have widened to the width of the Grand Canyon on a flash crash like that. Rotten Apple(s) indeed. Sorry, bud.
Hi Lem.
Thanks for the reply
I think I probably should keep more money in the trading account for when these sort of issues arise.
The funny thingh about it is My demo account still survived with hardley any losses
Regards
Kev
  • #37,388
  • Jan 3, 2019 11:04am Jan 3, 2019 11:04am
Quoting kevin1959
{quote} Hi Lem. Thanks for the reply I think I probably should keep more money in the trading account for when these sort of issues arise. The funny thingh about it is My demo account still survived with hardley any losses Regards Kev
Kevin- if you are in the UK you could use IG Index - they have guaranteed stops that would save your bacon in a volatile scenario.
every Saint has a past. Every Sinner has a Future
  • #37,389
  • Jan 3, 2019 12:29pm Jan 3, 2019 12:29pm
Quoting turnip15
{quote} Kevin- if you are in the UK you could use IG Index - they have guaranteed stops that would save your bacon in a volatile scenario.
Hi Mr T
Yes I live in Leeds.
I will look into IG
Thanks
Regards
Kev
  • #37,390
  • Jan 3, 2019 12:33pm Jan 3, 2019 12:33pm
Quoting turnip15
{quote} Kevin- if you are in the UK you could use IG Index - they have guaranteed stops that would save your bacon in a volatile scenario.
In my opinion, they are the best...... (Broker) not Leeds lol yaaaaaaaaaaaaaaaaaay joking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,391
  • Jan 3, 2019 1:03pm Jan 3, 2019 1:03pm
Mr Happy..
Frequency Distribution V Averages.
Before i post, just look at the stats and do not question money management etc.... ( not you but anyone) lol.
Attached Image (click to enlarge)
Click to Enlarge Name: FD v Av.PNG Size: 18 KB

Cable for the last 14 days.

Example,,,, we are trading Cable Daily Break, and looking at wick length.
they are as follows.
14 Trades,,,,, +29 +27 +2 +14 +80 +59 +3 +1+24 +13 +33 +2 +4 +16 THEY AVERAGE 22
we traded all 14 trades looking for 20 pip profit.
HOW MANY WINNERS erm erm WE HAD 6 winners ( forget amount of pips)

Frequency Distribution stats. 5 breaks under 5 pips & 9 breaks over 5 pips.
we could of had 10 trades looking for 4 pips ( forget spread).
Hope you can see what i am looking at.
Ask Questions
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,392
  • Jan 3, 2019 1:09pm Jan 3, 2019 1:09pm
Quoting billytt
{quote} In my opinion, they are the best...... (Broker) not Leeds lol yaaaaaaaaaaaaaaaaaay joking
Cheeky lol
  • #37,393
  • Jan 3, 2019 1:24pm Jan 3, 2019 1:24pm
Mr Happy.
Those few stats are leading up to Christmas and after..
we take stats and stats , time of break etc and play them against each other..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,394
  • Jan 3, 2019 2:13pm Jan 3, 2019 2:13pm
Interesting couple of minutes' read:

https://www.forexlive.com/Education/...uture-20190103

Or you could just do what we do here and never have to worry
  • #37,395
  • Jan 3, 2019 2:41pm Jan 3, 2019 2:41pm
Quoting lemercenaire
Interesting couple of minutes' read: https://www.forexlive.com/Education/...uture-20190103 Or you could just do what we do here and never have to worry
Hi Lem, a very interesting read and totally contemporary .
I think leaving it to algos can lead to disaster sometime.
Just like the crashes of the mid 80s and early 90s. where they reckon if it were left to a human and ledgers they would not of happened.
My bot is good but i prefer not to use it lol.
As for no personality? less about me lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,396
  • Jan 3, 2019 5:54pm Jan 3, 2019 5:54pm
t 23-53
Cable,,,,
i almost forgot... daily range.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,397
  • Edited 6:30pm Jan 3, 2019 6:04pm | Edited 6:30pm
t 00-03
Cable .... adr of 120 at 00-00.

120 is not the exact adr just a guess but i will adjust it
Attached Image



edit... just checked , adr is 127 (my calculation) will adjust later off thee 00-00 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,398
  • Jan 3, 2019 6:14pm Jan 3, 2019 6:14pm
t 00-13
chart showing mini levels.
Attached Image (click to enlarge)
Click to Enlarge Name: mini levels B 04 01.PNG Size: 22 KB



edit.. and adr of 120 at 00-00 midnight UK time. will adjust later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,399
  • Jan 3, 2019 10:07pm Jan 3, 2019 10:07pm
Quoting billytt
,,,, we are trading Cable Daily Break, and looking at wick length. ...
Sir Billy,

Thank you for that. It gets confusing the where wick length comes in. What is the role of a wick length? Originally, we were talking about the importance of only two lines, High and Low. How does the wick length plug in?

Happy New Year to all!
Buy low, sell high.
  • #37,400
  • Jan 4, 2019 2:13am Jan 4, 2019 2:13am
MORNING AND IT IS FRIDAY...(((DEFINATELY))).

t 08-10,
Cable chart copied approc 08=05
Attached Image

ADR High =12743 and Low =12531.
This High/Low can /will be adjusted as the day goes on.

DO NOT FORGET IT IS NFP DAY.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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