Billytt Die happy trading e/j daily breakout | Page 1925 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,481
  • Jan 18, 2019 1:04pm Jan 18, 2019 1:04pm
One track to get us into the weekend.

Probably posted before but hey ho, doesn't make it any less awesome.

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Have a great weekend all and catch you on the other side.
  • #38,482
  • Jan 18, 2019 1:31pm Jan 18, 2019 1:31pm
Posted before by me or someone
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  • #38,483
  • Jan 18, 2019 1:36pm Jan 18, 2019 1:36pm
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  • #38,484
  • Jan 18, 2019 1:38pm Jan 18, 2019 1:38pm
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...
Looks great! Let me fill in some details. This is trading a break of 00-00 H4 (from my stats of M15, it hits 10-15 on average).

Next, let's take the line of stats from an earlier post:

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///

So, the total from each trade would look like:

40-80-160-320-640-1280-2560-5120-10240-0

Because you risk everything, would not a fail burn down everything you just earned? Unless you take something away from each winning trade.

Also, it makes sense to wait for a fail and then start doubling up.

So, what do you do when you hit a fail on the first trade or later in the cycle?
Buy low, sell high.
  • #38,485
  • Jan 18, 2019 2:34pm Jan 18, 2019 2:34pm
Quoting lemercenaire
{quote} Martingale is doubling down when you lose.
Hm, confused now since I always thought martingale is doubling the risk after a loss ... at least that was the definition I have read for years related to poker, trading and roulette of course ... but do not have to be right here, it will not bank us one pip more ...
Fix up, trade sharp ...
  • #38,486
  • Jan 18, 2019 2:44pm Jan 18, 2019 2:44pm
Quoting Hickson
{quote} Hm, confused now since I always thought martingale is doubling the risk after a loss ... at least that was the definition I have read for years related to poker, trading and roulette of course ... but do not have to be right here, it will not bank us one pip more ...
https://en.wikipedia.org/wiki/Martin...bility_theory)
  • #38,487
  • Jan 18, 2019 2:46pm Jan 18, 2019 2:46pm
Quoting lemercenaire
{quote} How did I know you would be a chess player!
Surely mentioned the old indian wood pushing somewhere before ... but playing with trading strategies is what I did instead in the end ... gotta do my work there, chances of ever getting another decent job are pretty slim with my non-corrupt unemployable attitude I am afraid ...
Fix up, trade sharp ...
  • #38,488
  • Jan 18, 2019 2:55pm Jan 18, 2019 2:55pm
Quoting claudia1
{quote} https://en.wikipedia.org/wiki/Martin...bility_theory)
Ok, was referring to what they call martingale strategy in roulette.
Fix up, trade sharp ...
  • #38,489
  • Jan 18, 2019 3:18pm Jan 18, 2019 3:18pm
Quoting sheppy
{quote} How do you do the 5% trade Billy? If you can share on here) Thanks mate
i have a counter and ALSO a second trade just to make 5 points (5%)
That is it at its simplest....
I then look at 00-00 & 04-00 4 hour bars,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,490
  • Jan 18, 2019 3:22pm Jan 18, 2019 3:22pm
I never check the 000 0r 400 4 hr, am I missing some gravy on my chips?
  • #38,491
  • Jan 18, 2019 3:25pm Jan 18, 2019 3:25pm
Quoting Hickson
{quote} Ok, was referring to what they call martingale strategy in roulette.
martingale in roulette or any bet.

Put $10 chip on red and lose, next bet put $20 on red and lose then % 40 on red etc keep going unless you lose, which you will
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,492
  • Edited 4:27pm Jan 18, 2019 3:32pm | Edited 4:27pm
Quoting HappyMan
{quote} Looks great! Let me fill in some details. This is trading a break of 00-00 H4 (from my stats of M15, it hits 10-15 on average). Next, let's take the line of stats from an earlier post: 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/// So, the total from each trade would look like: 40-80-160-320-640-1280-2560-5120-10240-0 Because you risk everything, would not a fail burn down everything you just earned? Unless you take something away from each winning trade. Also, it makes...
[/color]


yes, start with 20-40 etc and keep doubling it..
If we have a fail we start again, But we will have a plan.
AND we will be selective with our trades.
That is the easy part.
From next Monday we will note the pips made after a break. AND USE Frequency Distribution
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,493
  • Jan 18, 2019 3:55pm Jan 18, 2019 3:55pm
Quoting sheppy
I never check the 000 0r 400 4 hr, am I missing some gravy on my chips?
You are.

Check out AU 00:00 - 04:00 uk bar.
  • #38,494
  • Jan 18, 2019 3:59pm Jan 18, 2019 3:59pm
Twiddling my thumbs tonight and had a look at how The Dead Zone looked today (despite the fact that I virtually never traded it on a Friday, lol) and hey, whaddayaknow...Bazinga!

I do need to log off now, so I will post the charts tomorrow or Sunday at some point.

I need to dig it out again and give it the use it deserves, it's too good a method to leave it to gather dust on the shelf.
  • #38,495
  • Jan 18, 2019 4:37pm Jan 18, 2019 4:37pm
Cable,
adr was almost made...close enough
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,496
  • Jan 18, 2019 4:45pm Jan 18, 2019 4:45pm
Quoting billytt
{quote} martingale in roulette or any bet. Put $10 chip on red and lose, next bet put $20 on red and lose then % 40 on red etc keep going unless you lose, which you will
Yes, that is what I mean.
Fix up, trade sharp ...
  • #38,497
  • Jan 18, 2019 5:00pm Jan 18, 2019 5:00pm
Wonder if our friend inception is still trading the Frankenbreak ... It looks so appealing, but when it goes wrong it can easily become a nightmare. My best guess atm is a 1:1 RR and bet on the high winrate. Not enough trades yet though. And boy is it early sometimes ...
Fix up, trade sharp ...
  • #38,498
  • Jan 18, 2019 5:01pm Jan 18, 2019 5:01pm
Quoting Hickson
{quote} Yes, that is what I mean.
i know bud. have a good week end.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,499
  • Jan 18, 2019 5:05pm Jan 18, 2019 5:05pm
Quoting lemercenaire
{quote} You are. Check out AU 00:00 - 04:00 uk bar.
More weekend homework, thanks for the reminder, gotta work with targets that are easy to achieve consistently. Last time something like 20/20 was good. But did not trade this Aussie for quite some time ... even not Audjpy as much as I did ... one or two pairs intraday already make me feel doing more than enough along with other daily tasks.
Fix up, trade sharp ...
  • #38,500
  • Jan 18, 2019 5:09pm Jan 18, 2019 5:09pm
Quoting billytt
{quote} i know bud. have a good week end.
Thanks, you too. Leave the concrete for a while, gras is greener.
Fix up, trade sharp ...
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