Billytt Die happy trading e/j daily breakout | Page 1899 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,961
  • Jan 11, 2019 9:22am Jan 11, 2019 9:22am
Got Blackfoot (Strikes) roaring in the background. Perfect.
  • #37,962
  • Jan 11, 2019 9:32am Jan 11, 2019 9:32am
Nearly at 1900 pages, Billy!
  • #37,963
  • Jan 11, 2019 12:53pm Jan 11, 2019 12:53pm
Everybody gone home early?

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  • #37,964
  • Jan 11, 2019 1:07pm Jan 11, 2019 1:07pm
Quoting lemercenaire
Everybody gone home early? https://www.youtube.com/watch?v=u9Dg-g7t2l4
AJ and EU swing trades made my head ache today... honestly, I have no more idea how to squeeze out some greens on a higher TF as M15 consistently lol ... it will be a ton of painful work to do.
Fix up, trade sharp ...
  • #37,965
  • Jan 11, 2019 1:18pm Jan 11, 2019 1:18pm
Quoting lemercenaire
Everybody gone home early? https://www.youtube.com/watch?v=u9Dg-g7t2l4
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  • #37,966
  • Jan 11, 2019 3:00pm Jan 11, 2019 3:00pm
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  • #37,967
  • Jan 11, 2019 8:10pm Jan 11, 2019 8:10pm
Quoting HappyMan
The week is almost over so there is time for some reflections. This week I was trading Billy bar and ended all in green. Was shooting for a break of 08-00 M15 on GBPUSD. The first break each day gave +5 each day. Maximum draw down was 47 pips. If I understood correctly, the approach implies that price follows a path something similar to a growing sinusoid. Google the phrase in images to see what I mean. And each day price did just that. To be fair, almost every day was a range day, no big trending days this week. I was courageous enough to wait...
Good job for ending the week in green HappyMan. Just remember to be careful with your drawdown, I'm not sure how many pips you banked but always keep in mind how much you're risking (I say this because I assume you grabbed something between 5~10 while letting it go to -47).
I've never had good experiences with very large stops in relation to potential profit, because it feels like a "tough" grind to get back after one of those losses, but then again that's just me. As long as you feel comfortable with it and it works for you it's fine.
  • #37,968
  • Jan 11, 2019 9:34pm Jan 11, 2019 9:34pm
Quoting Rfs199
{quote} Good job for ending the week in green HappyMan. Just remember to be careful with your drawdown, I'm not sure how many pips you banked but always keep in mind how much you're risking (I say this because I assume you grabbed something between 5~10 while letting it go to -47). I've never had good experiences with very large stops in relation to potential profit, because it feels like a "tough" grind to get back after one of those losses, but then again that's just me. As long as you feel comfortable with it and it works for you it's fine.
Hola, mi amigo!

Thanks for the advice. Grabbed 5 each day and 10 each of the last four days. Billy's approach implies sitting through a drawdown because of the stats. Wanted to follow it to a tee.

Switching gears, what strategy have you found to be the most profitable for you?

Adios!
Buy low, sell high.
  • #37,969
  • Jan 12, 2019 12:20am Jan 12, 2019 12:20am
Quoting HappyMan
{quote} Hola, mi amigo! Thanks for the advice. Grabbed 5 each day and 10 each of the last four days. Billy's approach implies sitting through a drawdown because of the stats. Wanted to follow it to a tee. Switching gears, what strategy have you found to be the most profitable for you? Adios!
Well, let me see, HOLO and, oh yes, I remember, HOLO. The reason I stopped trading HOLO was mainly because of my schedule (gotta pay attention at highs and lows and those might change throughout the day and I ended up missing a few entries), so now I'm in the process of building something for myself with a more static reference to trade away from (gathering stats these days). This is why I was also interested in the Dead Zone, those kind of methods suit my personality.
  • #37,970
  • Jan 12, 2019 2:52am Jan 12, 2019 2:52am
Quoting HappyMan
{quote} Hola, mi amigo! Thanks for the advice. Grabbed 5 each day and 10 each of the last four days. Billy's approach implies sitting through a drawdown because of the stats. Wanted to follow it to a tee. Switching gears, what strategy have you found to be the most profitable for you? Adios!
Hi Mr Happy.
you have done well...BUT BE CAREFUL.

i traded with the fact that if/when i had a Fail i would counter until the good trades fixed the Fail. ( stops can do it too) but with more trouble /hassle.
I DO NOT TRADE EXPECTING MARKET TO COME BACK TO ME...
maybe i am explaining wrong and i say this in a positive nice way.

i trade/d with what i have been told is a complex yet simple grid system (yes complex and simple)????
using time and levels.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,971
  • Jan 12, 2019 4:22am Jan 12, 2019 4:22am
Hope no ones eating, but i saw an amazing site earlier...
My gf trying to put on a sports bra. Not for the faint hearted.
She managed it lol.
maybe it should become an Olympic sport
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,972
  • Jan 12, 2019 4:25am Jan 12, 2019 4:25am
i am currently watching hundreds of Canada geese coming int o land and ducks.
i am not sure if they are leaving or arriving.
They have been doing this for a couple of weeks.
An awesome sight.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,973
  • Jan 12, 2019 5:18am Jan 12, 2019 5:18am
Quoting billytt
Hope no ones eating, but i saw an amazing site earlier... My gf trying to put on a sports bra. Not for the faint hearted. She managed it lol. maybe it should become an Olympic sport
Lol...don't knowif this is boasting but my gf has to wear two when she does the high energy exercise. As you say, not for those prone to joint dislocation!
  • #37,974
  • Jan 12, 2019 5:22am Jan 12, 2019 5:22am
Quoting billytt
i am currently watching hundreds of Canada geese coming int o land and ducks. i am not sure if they are leaving or arriving. They have been doing this for a couple of weeks. An awesome sight.
Probably easier on the eyes lol
We are looking after a friends Chihuahua ( I had to google the spelling lol ) for the day.
We are going to take her to a place called Yeadon tarn in Leeds where we used to learn how to canoe / sail.
It's a very grey day here.
Regards
Kev
  • #37,975
  • Jan 12, 2019 5:25am Jan 12, 2019 5:25am
Quoting HappyMan
The week is almost over so there is time for some reflections. This week I was trading Billy bar and ended all in green. Was shooting for a break of 08-00 M15 on GBPUSD. The first break each day gave +5 each day. Maximum draw down was 47 pips. If I understood correctly, the approach implies that price follows a path something similar to a growing sinusoid. Google the phrase in images to see what I mean. And each day price did just that. To be fair, almost every day was a range day, no big trending days this week. I was courageous[/highlight]...
Good job greening up the week.

However, there seems to me to be some kind of adjustment needed on this now, for those not trading using the counter.

There should be no way that you are running a negative of -47.

Put it this way - a fail then a counter then an entry on the second trigger would have happened all inside the space that gave you the -47. That doesn't even begin to include any WZ style entry the way I run it.

You need to develop an addition that involves you taking advantage of the retrace as it goes against your initial direction.
  • #37,976
  • Jan 12, 2019 5:26am Jan 12, 2019 5:26am
My gf has given me this for your gf, Billy!

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  • #37,977
  • Jan 12, 2019 5:46am Jan 12, 2019 5:46am
Quoting billytt
{quote} Hi Mr Happy. you have done well...BUT BE CAREFUL. i traded with the fact that if/when i had a Fail i would counter until the good trades fixed the Fail. ( stops can do it too) but with more trouble /hassle. I DO NOT TRADE EXPECTING MARKET TO COME BACK TO ME... maybe i am explaining wrong and i say this in a positive nice way. i trade/d with what i have been told is a complex yet simple grid system (yes complex and simple)???? using time and levels.
I see. Maybe, an example would help? For instance, what if the first break fails to get +5, then you counter at the second break, right? If so, what would you do next to fix it?
Buy low, sell high.
  • #37,978
  • Jan 12, 2019 5:47am Jan 12, 2019 5:47am
Quoting lemercenaire
{quote} Good job greening up the week. However, there seems to me to be some kind of adjustment needed on this now, for those not trading using the counter. There should be no way that you are running a negative of -47. Put it this way - a fail then a counter then an entry on the second trigger would have happened all inside the space that gave you the -47. That doesn't even begin to include any WZ style entry the way I run it. You need to develop an addition that involves you taking advantage of the retrace as it goes against your initial direction....
Hmm. Do you mean you enter again in the direction of the bad trade so that when the price returns halfway, it evens out?
Buy low, sell high.
  • #37,979
  • Jan 12, 2019 6:15am Jan 12, 2019 6:15am
I thought Brexit had turned in to a complete joke but this goes a stage further ...

'Ivanka Trump could be next head of World Bank: US president's daughter is among nominees for top role including former UN Ambassador Nikki Haley'

Source: Mail Online today.
  • #37,980
  • Jan 12, 2019 6:48am Jan 12, 2019 6:48am
Quoting claudia1
I thought Brexit had turned in to a complete joke but this goes a stage further ... 'Ivanka Trump could be next head of World Bank: US president's daughter is among nominees for top role including former UN Ambassador Nikki Haley' Source: Mail Online today.
Words of my friend working at the bar with me until a year ago resound in my head: "My friend, these are the last days of the world we live in." Kind of funny, then ... not at all.
Fix up, trade sharp ...
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