Billytt Die happy trading e/j daily breakout | Page 1903 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,041
  • Jan 14, 2019 6:58am Jan 14, 2019 6:58am
Quoting slowbrain
{quote} hickson seems you trade breakout ? ..
Yes, it does not work in this kind of market. Normally I would not trade. But been pressured with funding profit targets that kind of contradict cultivating a walk away from the market in the right time ... another option would be to learn nailing down range trades with the EURUSD. I have been very bad at this for the most part compared to trading breakouts.
Fix up, trade sharp ...
  • #38,042
  • Jan 14, 2019 7:05am Jan 14, 2019 7:05am
Hello guys and good morning, hope all is well. I have a question, i'd like if Billy would answer me..

We have 9- 9:15 candle, but the trade fail. Let's suppose it goes to -15, so we open an opposite position. Now we have -15 blocked.

Next day: The H4 candle that you use for fix the first trade, fails too... and goes to -10 /-15. What would you do in this case? You open another counter trade? And then?
  • #38,043
  • Jan 14, 2019 7:06am Jan 14, 2019 7:06am
Quoting slowbrain
{quote} E/U ... and don't be sorry .... i just listen to Rachmaninov in front of chart and i love it ...
Indeed! Russians have many great composers and writers, whose works are good for a soul. Which particular piece did you hear?

It's all simple and boring at cable, +5 one way, +10 the other, a few pips HOLO. Now playing with 00-00 second break. There is a chance it will hit ADR.
Buy low, sell high.
  • #38,044
  • Jan 14, 2019 7:07am Jan 14, 2019 7:07am
Quoting Hickson
{quote} Yes, it does not work in this kind of market. Normally I would not trade. But been pressured with funding profit targets that kind of contradict cultivating a walk away from the market in the right time ... another option would be to learn nailing down range trades with the EURUSD. I have been very bad at this for the most part compared to trading breakouts.

i don't know if this can help, but i got 4 different trading systems (especially MM)

if chart is trending ( means price respect blue yellow and red lines)
1.breakout
2.yellow line scalp

if chart is ranging (means price don't respect blue yellow and red lines)
3.block trade (consolidation breakout)
4. after consolidation price just start to respect yellow line ( reversal)
trying to make everyday the best risk/reward decisions possible
  • #38,045
  • Jan 14, 2019 7:11am Jan 14, 2019 7:11am
Quoting billytt
Cable.... t 05-02 the 00-00 4 hour bar Low 12841 has been broken.. Lets see if it gets 20 points. i was going to say, after +10 double up on the 2nd 10.. Only thing is , the shocking margin throws everything out. edit, it can be done. Cable is still dodgy due to Brexit so be careful.
t13-07
without the maths.
i said lets see if we can get the 20 points.
Attached Image


I was suggesting mini compound.
we were looking for £20/$20 .
The 00-00 4 hour bar low broke and it went 20 pips down SO WE GOT £20/$20
but i said LETS DOUBLE UP AFTER 10 PIPS.
SO WE DID . WE THEN END UP WITH A TOTAL £30/$30 .
We have 10 extra, so we can bank it or use it to offset failed trade.
OR EVEN COMPOUND IT yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay

The above trade is an example and nort as easy as it looks.
i am trying to get you thinking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,046
  • Jan 14, 2019 7:15am Jan 14, 2019 7:15am
Quoting MrGreen95
Hello guys and good morning, hope all is well. I have a question, i'd like if Billy would answer me.. We have 9- 9:15 candle, but the trade fail. Let's suppose it goes to -15, so we open an opposite position. Now we have -15 blocked. Next day: The H4 candle that you use for fix the first trade, fails too... and goes to -10 /-15. What would you do in this case? You open another counter trade? And then?
Hi, hope all is well.
if i have Fails ,i keep countering...
some of the counters can even cancel each other out.
If the 08-00 fails, we look at 00-00 and 04-00 bars....inside bars, daily break,
a trade may be moving to a level (major or mini) a 00 etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,047
  • Jan 14, 2019 7:16am Jan 14, 2019 7:16am
Quoting slowbrain
{quote} i don't know if this can help, but i got 4 different trading systems (especially MM) if chart is trending ( means price respect blue yellow and red lines) 1.breakout 2.yellow line scalp if chart is ranging (means price don't respect blue yellow and red lines) 3.block trade (consolidation breakout) 4. after consolidation price just start to respect yellow line ( reversal)
It's appreciated, thanks. Breakout is the normal thing for me in trending markets, yes. A chop like todayin EURUSD is dangerous: Look at the daily low at 1.1458: pierced for times without follow through and sharp reversal which can easily result in a stop out.

A block trade (break of consolidation) is kind of a trend trade in my understanding. You will wait for a slow down, then trade the BO of the consolidation.

Obviously it also depends on the asset. I switched to EURUSD to escape a bit from the Brexit craziness. It is a different animal though - ranging more than going one way and I have not figured it out yet. Maybe the way to go is putting in a catastrophe sl of 20 or so and going für no more than 10-20, just does not fit well into my MM ... got me thinking though ...
Fix up, trade sharp ...
  • #38,048
  • Jan 14, 2019 7:21am Jan 14, 2019 7:21am
Cable..
the 08-00 15 minute Bar Low broke for +5.

we had the 00-00 4 hour bar low broke for 21 .
Then up it went to break 00-00 High for approx 17.
i would expect it to keep going up to fill adr,but it isnt always that easy.
plenty points to of been made
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,049
  • Jan 14, 2019 7:28am Jan 14, 2019 7:28am
Quoting Hickson
{quote} It's appreciated, thanks. Breakout is the normal thing for me in trending markets, yes. A chop like todayin EURUSD is dangerous: Look at the daily low at 1.1458: pierced for times without follow through and sharp reversal which can easily result in a stop out. A block trade (break of consolidation) is kind of a trend trade in my understanding. You will wait for a slow down, then trade the BO of the consolidation. Obviously it also depends on the asset. I switched to EURUSD to escape a bit from the Brexit craziness. It is a different animal...

''I switched to EURUSD to escape a bit from the Brexit craziness.''

Not necessarily a much safer option - the Euro is going to be moved by what happens too. There has also been news of a faster growing anti-EU block being organised by Italy. If we finally get the finger out and give EU the push, then that will garner a response from those parties. All the more reason why Germany and France are desperate to punish the UK for having the nerve to tell them where to go.
  • #38,050
  • Jan 14, 2019 7:30am Jan 14, 2019 7:30am
Quoting lemercenaire
{quote} ''I switched to EURUSD to escape a bit from the Brexit craziness.'' Not necessarily a much safer option - the Euro is going to be moved by what happens too. There has also been news of a faster growing anti-EU block being organised by Italy. If we finally get the finger out and give EU the push, then that will garner a response from those parties. All the more reason why Germany and France are desperate to punish the UK for having the nerve to tell them where to go.
Can't really get it right atm ... go to Yen pairs, you have flash crashes nobody really talks about any more ... finding stability is hard here. EURUSD has a point in liquidity, spread and commissions. But to be honest, that is it ...
Fix up, trade sharp ...
  • #38,051
  • Jan 14, 2019 7:35am Jan 14, 2019 7:35am
Quoting lemercenaire
{quote} ''I switched to EURUSD to escape a bit from the Brexit craziness.'' Not necessarily a much safer option - the Euro is going to be moved by what happens too. There has also been news of a faster growing anti-EU block being organised by Italy. If we finally get the finger out and give EU the push, then that will garner a response from those parties. All the more reason why Germany and France are desperate to punish the UK for having the nerve to tell them where to go.
This is why A/J or Gold makes sense at the moment. Sure I got orders placed on cable I see 3100 and I see 2600 but I don't know which first.
  • #38,052
  • Jan 14, 2019 7:39am Jan 14, 2019 7:39am
Quoting billytt
Cable.. the 08-00 15 minute Bar Low broke for +5. we had the 00-00 4 hour bar low broke for 21 . Then up it went to break 00-00 High for approx 17. i would expect it to keep going up to fill adr,but it isnt always that easy. plenty points to of been made
Could be going down because it broke the low of 04-00 H4?
Buy low, sell high.
  • #38,053
  • Jan 14, 2019 7:45am Jan 14, 2019 7:45am
Quoting Hickson
{quote} Can't really get it right atm ... go to Yen pairs, you have flash crashes nobody really talks about any more ... finding stability is hard here. EURUSD has a point in liquidity, spread and commissions. But to be honest, that is it ...
That's a cash dispenser !
Agree with yen pairs but not eur, gbp, usd crosses.
  • #38,054
  • Jan 14, 2019 7:46am Jan 14, 2019 7:46am
@ Claudia. One of interest for you:

3:40 Ffos Las Goodgirlteresa 9/4 av bookies / 3.9 Betfair
  • #38,055
  • Jan 14, 2019 7:48am Jan 14, 2019 7:48am
Quoting billytt
{quote} Hi, hope all is well. if i have Fails ,i keep countering... some of the counters can even cancel each other out. If the 08-00 fails, we look at 00-00 and 04-00 bars....inside bars, daily break, a trade may be moving to a level (major or mini) a 00 etc

All right here =)

So you just continue to counter until you reach at least a BE. Okay. I was asking because for those who got small capital, the leverage restriction is a problem for open multiple positions...
  • #38,056
  • Jan 14, 2019 7:50am Jan 14, 2019 7:50am
Cable t 13-50
Next mini level down is 12820, that is currently 20 away.

edit... actually 30 away lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,057
  • Jan 14, 2019 7:52am Jan 14, 2019 7:52am
Quoting MrGreen95
{quote} All right here =) So you just continue to counter until you reach at least a BE. Okay. I was asking because for those who got small capital, the leverage restriction is a problem for open multiple positions...
Hi, i do speak of margin when i post, IT IS SCANDALOUS but with a ridiculous bank roll it can be done.
LEVERAGE????? WHAT IS THAT LOL.... i never ever used leverage.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,058
  • Jan 14, 2019 7:53am Jan 14, 2019 7:53am
61 adr so far at 13-53 cable
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,059
  • Jan 14, 2019 7:59am Jan 14, 2019 7:59am
Quoting lemercenaire
@ Claudia. One of interest for you: 3:40 Ffos Las Goodgirlteresa 9/4 av bookies / 3.9 Betfair
Adam K got three rides at Wolverhampton later. Three singles and a treble. He will win at least one win which should cover it.
  • #38,060
  • Jan 14, 2019 8:02am Jan 14, 2019 8:02am
Quoting HappyMan
{quote} Could be going down because it broke the low of 04-00 H4?
yes, OR maybe a bounce off it ????

edit.... sometimes the High would act as a support first.

we want down lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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