Billytt Die happy trading e/j daily breakout | Page 1900 | 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

  • #37,981
  • Jan 12, 2019 7:13am Jan 12, 2019 7:13am
Quoting lemercenaire
{quote} 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!
erm, Not sure what to answer that with lol.
Have a good weekend.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,982
  • Jan 12, 2019 7:35am Jan 12, 2019 7:35am
Quoting HappyMan
{quote} 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?
Hi Mr Happy...
Everything i post in here is meant to be helpful and questionable.
i will now try and answer your question....
First,,,, if in doubt do not trade.
08-00 15 minute break.... Lets assume all the 08-00 candles are 20 pip range.
We have a break and it retraces to break other end, so i counter at -20. (total is -20 pips).
it then retraces again to break first break so second counter is put on.. (total is now -40) .. IT IS POSSIBLE TO KEEP RETRACING, SO -20,,-20..-20 etc

We can use stops, -20... -20 to me that is dead money..
Don't forget stats...if it keeps retracing we would never trade this break,

This bit is difficult to explain... we then put trades on to make the 5% , these can fail too so counter.
even more difficult... Previous trades in the past might of accrued more %% plus we may of had compound trades.
so i can be selective with my counters and then recoup over time..
My trading has built up over time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,983
  • Jan 12, 2019 7:48am Jan 12, 2019 7:48am
Quoting billytt
{quote} Hi Mr Happy... Everything i post in here is meant to be helpful and questionable. i will now try and answer your question.... First,,,, if in doubt do not trade. 08-00 15 minute break.... Lets assume all the 08-00 candles are 20 pip range. We have a break and it retraces to break other end, so i counter at -20. (total is -20 pips). it then retraces again to break first break so second counter is put on.. (total is now -40) .. IT IS POSSIBLE TO KEEP RETRACING, SO -20,,-20..-20 etc We can use stops, -20... -20 to me that is dead money.. Don't...
Good evening, Sir Billy!

This is helpful. I think it is getting clearer. So, -20 is the maximum loss we would endure? Then the question is, when do you get out of all these trades? Do you wait for the first break to retrace and get +5 and only then wait again to close the counter at +5?
Buy low, sell high.
  • #37,984
  • Jan 12, 2019 9:00am Jan 12, 2019 9:00am
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.
Will the populace see their rulers as examples to emulate in their daily lives.
every Saint has a past. Every Sinner has a Future
  • #37,985
  • Jan 12, 2019 11:00am Jan 12, 2019 11:00am
Quoting HappyMan
{quote} Good evening, Sir Billy! This is helpful. I think it is getting clearer. So, -20 is the maximum loss we would endure? Then the question is, when do you get out of all these trades? Do you wait for the first break to retrace and get +5 and only then wait again to close the counter at +5?
Good evening Mr Happy.
20 range was an example. it could be less/more.
I traded the 15 min 08-00 break as a first trade
If it failed we then look at the next part which is based on the 00-00 and 04-00 4 hour bars.
We also have inside bars on the Daily and 04-00. they all add up.
Then we have extra money we have in the bank from retrace trades/compounding .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,986
  • Jan 12, 2019 11:08am Jan 12, 2019 11:08am
gf has gone out to a neighbour along the lane.
He and a friend are having a fire in the garden
They do this quite often and drink home made wine lol, and gf loves it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,987
  • Jan 12, 2019 8:31pm Jan 12, 2019 8:31pm
Quoting billytt
{quote} Good evening Mr Happy. 20 range was an example. it could be less/more. I traded the 15 min 08-00 break as a first trade If it failed we then look at the next part which is based on the 00-00 and 04-00 4 hour bars. We also have inside bars on the Daily and 04-00. they all add up. Then we have extra money we have in the bank from retrace trades/compounding .
Morning, Sir Billy!

Sounds like I need to work on 00-00 and 04-00 4 hour bars next. Same idea - first break and +5?
Buy low, sell high.
  • #37,988
  • Jan 12, 2019 9:17pm Jan 12, 2019 9:17pm
Quoting HappyMan
{quote} Morning, Sir Billy! Sounds like I need to work on 00-00 and 04-00 4 hour bars next. Same idea - first break and +5?
morning, 05-15 here.
I am off to London very soon to see a tenant with my corrections officer.
i will be gone approx 6/7 hours and hopefully i can explain some more.
But when i trade off the 00-00 4 hour bar i get more than 5.
Hopefully i can show some stats, i will have to do this working by hand as my trade Pc needs updating etc.
When i stopped trading last Aug? i let it go.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,989
  • Edited Jan 13, 2019 12:14am Jan 12, 2019 11:31pm | Edited Jan 13, 2019 12:14am
Quoting billytt
{quote} morning, 05-15 here. I am off to London very soon to see a tenant with my corrections officer. i will be gone approx 6/7 hours and hopefully i can explain some more. But when i trade off the 00-00 4 hour bar i get more than 5. Hopefully i can show some stats, i will have to do this working by hand as my trade Pc needs updating etc. When i stopped trading last Aug? i let it go.
Morning! You are early. Early bird gets the worm, they say?

Stats would be wonderful! Last week I started collecting stats by hand on 08-00 M15, will add 00-00 H4.

Look forward to hearing from you and to some stats on 00-00 4 hour bar.

Safe travels!
Buy low, sell high.
  • #37,990
  • Edited 4:32am Jan 13, 2019 4:18am | Edited 4:32am
Looks interesting if you like pivots - gives alerts on multiple pairs when price crosses on daily, weekly, monthly. Standard, woodie, camarilla, fib etc.

Not sure if can mess with start times - that's crucial. Got source code though.
Attached Image
Attached File(s)
File Type: mq4 Multi Pair Pivot Point Scanner Alerts.mq4   158 KB | 200 downloads
  • #37,991
  • Jan 13, 2019 4:40am Jan 13, 2019 4:40am
Quoting claudia1
Looks interesting if you like pivots - gives alerts on multiple pairs when price crosses on daily, weekly, monthly. Standard, woodie, camarilla, fib etc. Not sure if can mess with start times - that's crucial. Got source code though. {image} {file}
Thanks Claudia
Regards
Kev
  • #37,992
  • Jan 13, 2019 4:47am Jan 13, 2019 4:47am
Quoting kevin1959
{quote} Thanks Claudia Regards Kev
Hi - haven't tried it as just found it by accident.

Will it pick up from broker time or is it fixed ? Find out to tomorrow can soon get that sorted anyway.
  • #37,993
  • Jan 13, 2019 4:48am Jan 13, 2019 4:48am
Quoting turnip15
{quote} Will the populace see their rulers as examples to emulate in their daily lives.
Think you know the answer to that one ...
  • #37,994
  • Jan 13, 2019 5:41am Jan 13, 2019 5:41am
Quoting claudia1
Looks interesting if you like pivots - gives alerts on multiple pairs when price crosses on daily, weekly, monthly. Standard, woodie, camarilla, fib etc. Not sure if can mess with start times - that's crucial. Got source code though. {image} {file}
Thank you very much for sharing your findings with us! Always gems.
Buy low, sell high.
  • #37,995
  • Jan 13, 2019 6:12am Jan 13, 2019 6:12am
Quoting claudia1
Looks interesting if you like pivots - gives alerts on multiple pairs when price crosses on daily, weekly, monthly. Standard, woodie, camarilla, fib etc. Not sure if can mess with start times - that's crucial. Got source code though. {image} {file}
Thanks, nice idea. You can also set a custom alert in mt4 if it reaches a certain price. Just did not find out how to remove the sound with every pip leading into the level lol ... kind of silly as it contradicts the whole concept.
Fix up, trade sharp ...
  • #37,996
  • Jan 13, 2019 10:39am Jan 13, 2019 10:39am
Cheerful chap. Economic chaos awaits America. Banks making it difficult to take out cash. Amazing what you find on FF.
And the COMMENTS section - weird people !
watch
every Saint has a past. Every Sinner has a Future
  • #37,997
  • Jan 13, 2019 11:16am Jan 13, 2019 11:16am
Quoting HappyMan
{quote} Morning! You are early. Early bird gets the worm, they say? Stats would be wonderful! Last week I started collecting stats by hand on 08-00 M15, will add 00-00 H4. Look forward to hearing from you and to some stats on 00-00 4 hour bar. Safe travels!
i took a random month from last year.
It was February.
Lets see some 00-00 4 hour bar stats.
20 Trade Days...
Straight Break Pips made. ( forget spread etc)
25-50-FAIL-24-25-19-40-16-70 40-50-20-30-29-70-40-40-60-FAIL-FAIL.....
some of the pips made (might be 1 out).

20 trades, 17 win and 3 fail.
WHAT DO WE CALL A WIN?????
If we went for 50 points we would have 15 losses and 5 wins..
Look at the stats, all the wins made 16 or over..
Check 2 months, 3 months
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,998
  • Jan 13, 2019 11:28am Jan 13, 2019 11:28am
yep, we went to London.
Business , lunch , home.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,999
  • Jan 13, 2019 11:40am Jan 13, 2019 11:40am
Quoting billytt
{quote} i took a random month from last year. It was February. Lets see some 00-00 4 hour bar stats. 20 Trade Days... Straight Break Pips made. ( forget spread etc) 25-50-FAIL-24-25-19-40-16-70 40-50-20-30-29-70-40-40-60-FAIL-FAIL..... some of the pips made (might be 1 out). 20 trades, 17 win and 3 fail. WHAT DO WE CALL A WIN????? If we went for 50 points we would have 15 losses and 5 wins.. Look at the stats, all the wins made 16 or over.. Check 2 months, 3 months
When it losses, how many pips are los?
  • #38,000
  • Jan 13, 2019 11:47am Jan 13, 2019 11:47am
Quoting DavidRP
{quote} When it losses, how many pips are los?
in my case it is irrelevant because i counter...
i am just showing one example on one random month.
Money management is up to the individual.

I am just showing one part of the method....
hope you are ok.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
11 traders viewing now