Billytt Die happy trading e/j daily breakout | Page 1924 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,461
  • Jan 18, 2019 6:52am Jan 18, 2019 6:52am
Quoting Mitiblotch
{quote} 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.
i have no target ... i just follow the chart .... i don't even think .. i just follow
trying to make everyday the best risk/reward decisions possible
  • #38,462
  • Jan 18, 2019 6:55am Jan 18, 2019 6:55am
Quoting claudia1
@ Mr T - you started a trend ! https://www.bbc.co.uk/news/business-46906254
Tried to click the "LIKE" button but was denied access !
Anyway -at my age I am grateful to "start" anything.
every Saint has a past. Every Sinner has a Future
  • #38,463
  • Jan 18, 2019 6:56am Jan 18, 2019 6:56am
Quoting HappyMan
{quote} Morning, all! I'd like it to go to 12914. ;-)
and so it did Mr Happy and then to my mini level...
i hope you saw your level because it was valid.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,464
  • Jan 18, 2019 7:01am Jan 18, 2019 7:01am
Cable, adjusted adr at approx 14-57
High = 13050 and Low 12842 off a 151 range calculated off 5 days.

edit with a couple of mini levels on.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,465
  • Jan 18, 2019 7:02am Jan 18, 2019 7:02am
Quoting slowbrain
{quote} compound is a smart things to do ... {image}
When my Forex adventure started 6 months ago, what really puzzeled me was the compounding possibilities!
Well, as long as you can do it day in day out LoL
I made me an Excel sheet. If someone would like to play around with it I will certainly share it!
Attached Image (click to enlarge)
Click to Enlarge Name: ExcelSheet.Compounding.JPG Size: 212 KB
  • #38,466
  • Jan 18, 2019 7:10am Jan 18, 2019 7:10am
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 edit. the 2 trades above, normal trades would of got 40 point profit BUT WITH COMPOUNDING we make 80 point...
Some nice nice person just pinged me this info.

If i were to trade a first trade at £20,,, it would cost £8598 to do so lol.
i remember going back a few years it would of cost £20 to trade £1 pip with a 20 stop.
OOOOOOOOOOOOOOOOOOOh foor the old days.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,467
  • Jan 18, 2019 7:42am Jan 18, 2019 7:42am
Quoting claudia1
AJ worth looking at on 30 min. More up ?
Got there
  • #38,468
  • Edited 7:58am Jan 18, 2019 7:46am | Edited 7:58am
Quoting Mitiblotch
{quote} 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.
Miti

for the same risk Value , you may split your entries, i do it if i want to enter and if i think that price still can move against me,i split my enties in 3 parts
ie for shorts :
+30% at +8 pips from last low
+30% at +16 pips from the last low
+40% at +24 from last low
and if price continue against me i will use partial SL as follow
-40% at +4 pips from my last entry
-10% at +8 pips from my last entry
-20% at +16 pips from my last entry
-30% at +24 pips from my last entry

means if the trade is a losing one i have lost 20.55 pips in 40 pips move against me ..... means you have room to reevaluate your position .....

edit : the real advantage is that you have a chance to scratch your trade when price comeback to BE ..... look at your chart is not often that you can find a 40 pips one way move without retracements .....retracements give you opportunities to close your trade if in doubts .....
MM can't be fixed ... has to be dynamic .... like the market ...
you need to have an average price as close as possible to the current price ..... 97.7 % of the move are less than 39 pips straight without a retracement of at least 8 pips on the last 8545 moves on E/U
trying to make everyday the best risk/reward decisions possible
  • #38,469
  • Jan 18, 2019 7:55am Jan 18, 2019 7:55am
Quoting claudia1
{quote} Got there
Nice 30 Pip spike !
  • #38,470
  • Jan 18, 2019 8:02am Jan 18, 2019 8:02am
Only 2 trades for me today ... well of course only Demo and still trying to find the right platform, time frame and setup.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM5.Line.png Size: 16 KB
Click to Enlarge Name: EURUSDM5.png Size: 22 KB
Click to Enlarge Name: GBPUSDM5.Line.png Size: 13 KB
Click to Enlarge Name: GBPUSDM5.png Size: 17 KB
  • #38,471
  • Jan 18, 2019 8:04am Jan 18, 2019 8:04am
@lem look who won 15.50 Chepstow. Been a good day.
  • #38,472
  • Jan 18, 2019 9:17am Jan 18, 2019 9:17am
Si Billy what would have been the trade on the 15 minute bar at 8am? I had it fake break the high by a pip or so , i would have gone long and then had to stop and reverse at the low to recoup correct
  • #38,473
  • Jan 18, 2019 9:42am Jan 18, 2019 9:42am
Quoting sheppy
Si Billy what would have been the trade on the 15 minute bar at 8am? I had it fake break the high by a pip or so , i would have gone long and then had to stop and reverse at the low to recoup correct
Hi Sheppy,
High Broke then retraced to break.
I would of gone long and then stuck a counter on at the low as you said.
we could of used a stop too.
I also would of stuck a trade on for the 5%....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,474
  • Jan 18, 2019 9:48am Jan 18, 2019 9:48am
i think from next Monday i /we shall start looking at the 00-00 4 hour break looking at pips made before opposite end breaks..
Maybe with a view to trade standard or better still compound....
I know it works but it will get you thinking.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,475
  • Jan 18, 2019 9:50am Jan 18, 2019 9:50am
Quoting ForeXhell
Only 2 trades for me today ... well of course only Demo and still trying to find the right platform, time frame and setup. {image} {image} {image} {image}
Nice one F, don't forget Demo is slightly different from live.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,476
  • Jan 18, 2019 9:55am Jan 18, 2019 9:55am
Quoting billytt
{quote} Hi Sheppy, High Broke then retraced to break. I would of gone long and then stuck a counter on at the low as you said. we could of used a stop too. I also would of stuck a trade on for the 5%....
How do you do the 5% trade Billy? If you can share on here) Thanks mate
  • #38,477
  • Jan 18, 2019 9:58am Jan 18, 2019 9:58am
Quoting sheppy
{quote} How do you do the 5% trade Billy? If you can share on here) Thanks mate
I know most of the time the counter trade is not needed, the 5 pips usually gets hit. Highly reliable when we are in between 10 and 40 pips in the first 15 minutes. I find less than 10 and we get chopped on the stop and reverse if going for 5 pips with it
  • #38,478
  • Jan 18, 2019 10:38am Jan 18, 2019 10:38am
Quoting Hickson
{quote} Martingale
Martingale is doubling down when you lose.
  • #38,479
  • Jan 18, 2019 10:46am Jan 18, 2019 10:46am
Quoting Hickson
{quote} Did not trade it ... just playing with different new strategy ideas before chess evening ...
How did I know you would be a chess player!
  • #38,480
  • Jan 18, 2019 10:53am Jan 18, 2019 10:53am
@ Claudia. I didn't have time to get to the horses today. Looks like it worked out all right!
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