Billytt Die happy trading e/j daily breakout | Page 1923 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,441
  • Edited 6:08am Jan 18, 2019 5:57am | Edited 6:08am
Quoting Hickson
{quote} Hm, from what I know, martingale is doubling up after a loss. Institutional trading is antimartingale with equity based risk.
i was going to say that myself,
But the use of the word martingale should be barred from this thread as it has no relevance.
Hope you know what i mean.

Banks brokers etc always vary lot size. same as what i did.
and yes i did have losers....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,442
  • Jan 18, 2019 5:59am Jan 18, 2019 5:59am
Quoting Hickson
{quote} M15: {image}
NY open on the low ... it bother me ...
trying to make everyday the best risk/reward decisions possible
  • #38,443
  • Jan 18, 2019 6:01am Jan 18, 2019 6:01am
Quoting billytt
{quote} i was going to say that myself, But the use of the word martingale should be barred from this thread as it has no reverence. Hope you know what i mean. Banks brokers etc always vary lot size. same as what i did. and yes i did have losers....
compound is a smart things to do ...
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-18 150037.jpg Size: 85 KB
trying to make everyday the best risk/reward decisions possible
  • #38,444
  • Jan 18, 2019 6:02am Jan 18, 2019 6:02am
Quoting slowbrain
{quote} NY open on the low ... it bother me ...
Same game on GU. It is sitting at the low of the day and dropping a bit ... but looks very strange.
Fix up, trade sharp ...
  • #38,445
  • Jan 18, 2019 6:05am Jan 18, 2019 6:05am
Quoting billytt
{quote} i was going to say that myself, But the use of the word martingale should be barred from this thread as it has no reverence. Hope you know what i mean. Banks brokers etc always vary lot size. same as what i did. and yes i did have losers....
Agree ... less theory, more what works ...
Fix up, trade sharp ...
  • #38,446
  • Jan 18, 2019 6:06am Jan 18, 2019 6:06am
Quoting lemercenaire
{quote} Will check it out, ta.
Adam got it 8/1
  • #38,447
  • Jan 18, 2019 6:07am Jan 18, 2019 6:07am
Quoting slowbrain
{quote} compound is a smart things to do ... {image}
Thank you SB,
I have said many many times ,
If you have a small bank roll and you are making %%%%.
Yes %%% of that bank roll you can steadily increase your lot size using standard method or i like to say compound it.
lets say 25% increase or 50% etc or just go ape and hit it 100%.
Believe me you will trade better as your trade entries will be more selective thus making you a better trader too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,448
  • Jan 18, 2019 6:09am Jan 18, 2019 6:09am
Cable is still stuck around the 70 mark i believe
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,449
  • Jan 18, 2019 6:10am Jan 18, 2019 6:10am
Quoting billytt
{quote} Thank you SB, I have said many many times , If you have a small bank roll and you are making %%%%. Yes %%% of that bank roll you can steadily increase your lot size using standard method or i like to say compound it. lets say 25% increase or 50% etc or just go ape and hit it 100%. Believe me you will trade better as your trade entries will be more selective thus making you a better trader too.
For example, in my trading it is not uncommon to have 6 losses in a row, but still come out green in the end. 25 % * 4 would already be 0. But maybe you can put a fun account and try to make it big that way, or you really are in the very comfortable situation of not having to care about money. It is really a big difference that has to be made clear for everyone reading this a priori.
Fix up, trade sharp ...
  • #38,450
  • Jan 18, 2019 6:21am Jan 18, 2019 6:21am
Quoting HappyMan
{quote} Got "boring" +10 on 2nd break of M15. Sir Billy, do you think it makes sense to make it a rule to trade only 2nd breaks on Fridays? Less risky and why hang over a weekend, paying swaps.
you have a good point.
i suggest different trade options to people.
we can trade a break, or only trade off the retrace following a break (or both) using 15 min or 4 hour bar.
Same with trading the 00-00 and 04-00 4 hour bar, trade break or trade retrace.


The 08-00 15 min bar break is ok on a Friday as we have good odds of getting 5 .

As for holding trade over weekend, it did happen especially with a counter. But i looked at it as an overhead, if you know what i mean.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,451
  • Jan 18, 2019 6:24am Jan 18, 2019 6:24am
Quoting Hickson
{quote} Same game on GU. It is sitting at the low of the day and dropping a bit ... but looks very strange.
this afternoon trading E/U
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-18 152334.jpg Size: 69 KB
trying to make everyday the best risk/reward decisions possible
  • #38,452
  • Edited 6:35am Jan 18, 2019 6:25am | Edited 6:35am
Quoting slowbrain
{quote} NY open on the low ... it bother me ...
True. If they opened at the high things would have been a bit straight forward. I'm still surprised that 1.1350 has not been touched.
  • #38,453
  • Edited 7:03am Jan 18, 2019 6:25am | Edited 7:03am
Quoting Hickson
{quote} For example, in my trading it is not uncommon to have 6 losses in a row, but still come out green in the end. 25 % * 4 would already be 0. But maybe you can put a fun account and try to make it big that way, or you really are in the very comfortable situation of not having to care about money. It is really a big difference that has to be made clear for everyone reading this a priori.
not having a care about money ????? that sounds like my ex wife lol..
I know you can trade, but i would definitely be looking at those losing stats lol.

just keep check yourself, use cable and e/u for example. just check example the 00-00 4 hour bar from next monday.
Trade well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,454
  • Jan 18, 2019 6:26am Jan 18, 2019 6:26am
Quoting slowbrain
{quote} this afternoon trading E/U {image}
lol ... that is what EU makes me feel most days ...
Fix up, trade sharp ...
  • #38,455
  • Jan 18, 2019 6:30am Jan 18, 2019 6:30am
Quoting Hickson
{quote} lol ... that is what EU makes me feel most days ...
Our shorts should be safe as long we do not cross up 1.1400 on the next leg up ....
trying to make everyday the best risk/reward decisions possible
  • #38,456
  • Jan 18, 2019 6:32am Jan 18, 2019 6:32am
Quoting slowbrain
{quote} Our shorts should be safe as long we do not cross up 1.1400 on the next leg up ....
Did not trade it ... just playing with different new strategy ideas before chess evening ...
Fix up, trade sharp ...
  • #38,457
  • Edited 6:50am Jan 18, 2019 6:34am | Edited 6:50am
Quoting Hickson
{quote} Did not trade it ... just playing with different new strategy ideas before chess evening ...
will partial TP on PP daily area

edit: partial TP executed ... now will reload around 1.1396

Edit 2 : final tp executed boll inf

will reload 1.1390 area ( i often reload near by yellow line)
Attached Image
trying to make everyday the best risk/reward decisions possible
  • #38,458
  • Jan 18, 2019 6:38am Jan 18, 2019 6:38am
Quoting claudia1
{quote} Hi Tom - welcome along.
Claudia thanks and have a nice weekend ! ;-)
  • #38,459
  • Jan 18, 2019 6:43am Jan 18, 2019 6:43am
Quoting slowbrain
{quote} will partial TP on PP daily area edit: partial TP executed ... now will reload around 1.1396
I love the 4hr candle arrangement. It's showing me way down. Also waiting to enter at 1.1396. Maybe we can finally get 1.135 today? Hmm...
Edit: No chance. Trade missed.
  • #38,460
  • Jan 18, 2019 6:50am Jan 18, 2019 6:50am
Quoting kevin1959
{quote} 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
Hi Kevin! Labradoodles are adorable, friends of us have one. They also say that they dont lose that much fur.

My New Foundland "Sunny" passed away many years ago ...

Looked exactly like the one on the picture.

Have great weekend!
Tom
Attached Image
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