Billytt Die happy trading e/j daily breakout | Page 1922 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,421
  • Jan 18, 2019 6:22am Jan 18, 2019 6:22am
Mr Happy, and others.
Here are a few stats ,
First , the ones 40 + pips are not 100% accurate , as in .
I might say 44 pips when infact it was 48, or 50 pips when infact it was 70 etc.

My true Frequency Distribution Stats would be perfect ....
Here goes....
Cable from 23rd Jan 2018 to 28th February 2018.
27 Trades.
Break of High/Low one move before other end being broken.
50-100--41-70-50-46-29/// 24-50-FAIL-24-25-19-40-16-74-(40)-80-20-30-30-70-39-20-60-FAIL-FAIL///

3 FAIL...... pips made between 10/20 pips =4 ......21/30 pips =6..... 31+pips 14
Now we have stats to work off,,,
27 days are not enough stats for reliable info but i may add more.
once we have these sorts of stats we can now compound more effectively .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,422
  • Jan 18, 2019 6:24am Jan 18, 2019 6:24am
Quoting lemercenaire
{quote} ''...and first person to mention DB will be stoned...'' Ha ha ha, it took me months before I asked about ''DB''!!(Claudia whispered the answer in my ear). Big cojones indeed!
Lem, thanks for the vouch and the big ... you know what I mean LoL !
  • #38,423
  • Jan 18, 2019 6:25am Jan 18, 2019 6:25am
Quoting HappyMan
Was ist das, db? {quote} Without any prior warning? On a more serious note. That was an interesting detour on M15. Broke High for almost nothing, broke Low for 16, and then went up above the High for 5. Go figure!
It happens and that is why i stick to method,
we have a fail so try other end with counter then leave it. (more often than not) i do not want to get stuck in a consolidation/whip phase.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,424
  • Jan 18, 2019 6:27am Jan 18, 2019 6:27am
[/quote Hello and welcome ForexH. Ask as many questions as you like. Even dodgy type negative questions too. (as in i counter or did so that's why i don't lose) type of unbelievable question, Really????[/quote]

Is it Bill or Billy or just Boss ? Anyway, thanks for the welcome ! Me thinks I will have many questions reading just page one for the 3rd time!
  • #38,425
  • Jan 18, 2019 6:28am Jan 18, 2019 6:28am
Quoting billytt
{quote} It happens and that is why i stick to method, we have a fail so try other end with counter then leave it. (more often than not) i do not want to get stuck in a consolidation/whip phase.
Sir Billy,

Always wonderful when you share some stats. Thank you for that!

Also, appreciate it very much for teaching me and others how to counter! Some credit goes to Lem! Countering is one of the best skills out there. To trade, we got to start thinking like pro traders.
Buy low, sell high.
  • #38,426
  • Jan 18, 2019 6:29am Jan 18, 2019 6:29am
Quoting billytt
{quote} i will stick a classic DB chart in here later , maybe. The bloke was stupid and we got him barred, anyway less of that idiot

Ahh okay, now the dust settles ;-) Glad that you did not throw stones at me. You dont wanna see me look at you like this :-)
Attached Image
  • #38,427
  • Jan 18, 2019 6:32am Jan 18, 2019 6:32am
Quoting HappyMan
{quote} Sir Billy, Always wonderful when you share some stats. Thank you for that! Also, appreciate it very much for teaching me and others how to counter! Some credit goes to Lem! Countering is one of the best skills out there. To trade, we got to start thinking like pro traders.
to counter is a lot harder now due to ridiculous margin rated.
But if you ihave the bank roll it is not too bad, plus your money is relatively safe...

My colleagu/mate often jokes that the margin rate change was due to me. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,428
  • Jan 18, 2019 6:36am Jan 18, 2019 6:36am
When i was compounding many years ago i always went for 20 pips profit with 20 stop loss.
Effectively doubling my money every trade.
YES, i did have a stop when compounding.


edit before i edit, i hate saying pips lol POINTS is my word.. and Bar for candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,429
  • Jan 18, 2019 6:38am Jan 18, 2019 6:38am
right, dog walk along beach.
i will speak about the dog after.
i say dog, it is a nasty little vicious thing .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,430
  • Jan 18, 2019 6:54am Jan 18, 2019 6:54am
Quoting ForeXhell
Hello to All ! First Post on the forum ever and I jump right into a 4 year ongoing 2.000 page thread This Forex thing is brand new to me (6 months) and giving me Hell, plus I am kind of old (but looking younger ), a slow learner, not the brightest candle in the wind and english is not my mother language. Well, thinking in terms of a business model I probably should just keep my hands in my pockets. BUT not before trying hard enough! I have to admit I didn´t even start to read the thread from the beginning and your methods yet but...
Hi Tom - welcome along.
  • #38,431
  • Jan 18, 2019 6:56am Jan 18, 2019 6:56am
Quoting billytt
{quote} to counter is a lot harder now due to ridiculous margin rated. But if you ihave the bank roll it is not too bad, plus your money is relatively safe... My colleagu/mate often jokes that the margin rate change was due to me. lol
Lol! But is it true? ;-)

Quoting billytt
When i was compounding many years ago i always went for 20 pips profit with 20 stop loss. Effectively doubling my money every trade. YES, i did have a stop when compounding. edit before i edit, i hate saying pips lol POINTS is my word.. and Bar for candle.
That's alright. Use the lingo that is convenient for you. I think I got the difference now.

Quoting billytt
right, dog walk along beach. i will speak about the dog after. i say dog, it is a nasty little vicious thing .
Will look forward to some stories. Is there a pic? lol
Buy low, sell high.
  • #38,432
  • Jan 18, 2019 7:26am Jan 18, 2019 7:26am
right, weather temp out side is approx zero.
The little dog would have prblems so i cut walk down.
he dog i thought was a chiw,chiwow,chc chch one of those that Kevin spoke of and he is here yaaaaaaaaaaaaaaay.
The dog is actually Russian Toy terrier.
Attached Image


the pic above is a dog similar from a stock photo, My gf's dog is identical.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,433
  • Jan 18, 2019 7:30am Jan 18, 2019 7:30am
Quoting HappyMan
{quote} Lol! But is it true? ;-) {quote} That's alright. Use the lingo that is convenient for you. I think I got the difference now. {quote} Will look forward to some stories. Is there a pic? lol
Is it true??? not sure of your question. But the retailer will be able to hold onto their money longer...
My usage of the words pips and candles wasn't aimed at you Mr Happy, i was just saying, lol.
Pic i have posted, photo is an identical looking dog.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,434
  • Jan 18, 2019 7:37am Jan 18, 2019 7:37am
Compounding...
i will leave this to the viewer to find details regarding new margin rates.

several years ago when i was seriously compounding..
i could have £20, trade at £1 per pip, have a 20 stop loss and take 20 pip profit.
THEN DOUBLE IT..
SO FIRST TRADE , BANK £20..... £1 PIP WITH 20 STOP = £20 NEEDED to Trade . SO 20 + 20 profit =£40.
NEXT TRADE Bank is now £40,,,, £2 per pip with 20 stop.... 40 + £40 profit = £80 and keep doing it. lol

edit. the 2 trades above, normal trades would of got 40 point profit BUT WITH COMPOUNDING we make 80 point profit.


edit again, try calculating those 2 trades at new margin rates??????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,435
  • Jan 18, 2019 7:39am Jan 18, 2019 7:39am
Quoting billytt
Compounding... i will leave this to the viewer to find details regarding new margin rates. several years ago when i was seriously compounding.. i could have £20, trade at £1 per pip, have a 20 stop loss and take 20 pip profit. THEN DOUBLE IT.. SO FIRST TRADE , BANK £20..... £1 PIP WITH 20 STOP = £20 NEEDED to Trade . SO 20 + 20 profit =£40. NEXT TRADE Bank is now £40,,,, £2 per pip with 20 stop.... 40 + £40 profit = £80 and keep doing it. lol
Martingale
Fix up, trade sharp ...
  • #38,436
  • Edited 8:10am Jan 18, 2019 7:44am | Edited 8:10am
Quoting Hickson
{quote} Martingale
it isn't. its called getting very rich quickly. i know i did it.
I honestly think martingale is ridiculous especially when it is really used for a 50/50 outcome or in roulette slightly different odds.

You can have a loss and put a bigger lot on next trade knowing that you have good stats .
i would never ever do that with a 50/50 outcome.

EVERY PRO ADJUSTS THEIR LOT SIZES, THIS ISNT MARTINGALE.....
It is called trading...
You have stats you can trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,437
  • Jan 18, 2019 7:45am Jan 18, 2019 7:45am
I bet short this afternoon
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-18 144350.jpg Size: 220 KB
trying to make everyday the best risk/reward decisions possible
  • #38,438
  • Jan 18, 2019 7:46am Jan 18, 2019 7:46am
Quoting billytt
{quote} it isn't. its called getting very rich quickly. i know i did it. I honestly think martingale is ridiculous especially when it is really used for a 50/50 outcome or in roulette slightly different odds. You can have a loss and put a bigger lot on next trade knowing that you have good stats . i would never ever do that with a 50/50 outcome. EVERY PRO ADJUSTS THEIR LOT SIZES, THIS IST MARTINGALE..... It is called trading... You have stats you can trade
Hm, from what I know, martingale is doubling up after a loss. Institutional trading is antimartingale with equity based risk.
Fix up, trade sharp ...
  • #38,439
  • Jan 18, 2019 7:46am Jan 18, 2019 7:46am
Quoting billytt
right, weather temp out side is approx zero. The little dog would have prblems so i cut walk down. he dog i thought was a chiw,chiwow,chc chch one of those that Kevin spoke of and he is here yaaaaaaaaaaaaaaay. The dog is actually Russian Toy terrier. {image} the pic above is a dog similar from a stock photo, My gf's dog is identical.
Hi Billytt.
Have fun lol.
We are looking after a Labradoodle at the moment for one of our friends who has just had a baby. Baby born at 3 pounds so both still in hospital.
Regards
Kev
  • #38,440
  • Jan 18, 2019 7:51am Jan 18, 2019 7:51am
Quoting slowbrain
I bet short this afternoon {image}
M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 28 KB
Fix up, trade sharp ...
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