Billytt Die happy trading e/j daily breakout | Page 1936 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,701
  • Jan 24, 2019 7:10am Jan 24, 2019 7:10am
Quoting lemercenaire
{quote} Interestingly, we are above the 50-Fib Level (H4) if we take the low as the extreme of the idiot-spike but below it if we were to use the more ''sensible'' line-in-the-sand.
Actually reconsidered a little. I looked at the level again (the one drawn by fib to bottom of spike) and saw how price had respected and tracked along it earlier, so definitely in play in the past.

That would mean that we are in the scalper's paradise - The Killing Zone - between the 50 below and Supply above. I'd still want it to clear this mud it's in just now though and take a direction one way or the other and then I could look at getting in on a reaction from whatever one of the levels it chose.
  • #38,702
  • Jan 24, 2019 7:14am Jan 24, 2019 7:14am
This is what I'm looking at.

(Not one of my actual charts, I just pulled this up for illustration purposes only, so excuse the lack of information on there).

USDJPY H4

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  • #38,703
  • Jan 24, 2019 7:38am Jan 24, 2019 7:38am
Got my ass handed to me on the UJ long. GU also suddenly spiked into the stop. Done for the week I think, that is a bit too much too handle atm. Not sure what I will do, but something has to happen. It is not the big losses, it is the long period of small losses that is hard to bear psychologically if you are applying constant MM.
Fix up, trade sharp ...
  • #38,704
  • Jan 24, 2019 8:07am Jan 24, 2019 8:07am
Quoting Hickson
Got my ass handed to me on the UJ long. GU also suddenly spiked into the stop. Done for the week I think, that is a bit too much too handle atm. Not sure what I will do, but something has to happen. It is not the big losses, it is the long period of small losses that is hard to bear psychologically if you are applying constant MM.
This is tough H, I would take time out for a while, and when the shroud goes away have a look at the successful trades in your history and re-look at the period of small losses you might just see something ,, I wish you all the best Bud I am not far away. Take care H.
  • #38,705
  • Jan 24, 2019 9:05am Jan 24, 2019 9:05am
Quoting slowbrain
Follow up of one of my previous post still the same game {image}
follow up

E/U 8 pips filter
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-24 160507.jpg Size: 88 KB
trying to make everyday the best risk/reward decisions possible
  • #38,706
  • Jan 24, 2019 10:23am Jan 24, 2019 10:23am
Quoting Hickson
Got my ass handed to me on the UJ long. GU also suddenly spiked into the stop. Done for the week I think, that is a bit too much too handle atm. Not sure what I will do, but something has to happen. It is not the big losses, it is the long period of small losses that is hard to bear psychologically if you are applying constant MM.
I agree with Pips. Sounds like you are becoming more and more ground down and that is not a good state of mind to be in. It leads to double-thinking yourself, drifting away from what you know, which then spirals faster as you inevitably get it wrong again and you sit there watching the trade set-up you'd normally have taken, ie: if you'd just ''stuck to the plan'' you see you'd have had a winner.

That drives traders nuts.

You really need to decompress and come back completely fresh.
  • #38,707
  • Jan 24, 2019 11:11am Jan 24, 2019 11:11am
Quoting lemercenaire
{quote} I agree with Pips. Sounds like you are becoming more and more ground down and that is not a good state of mind to be in. It leads to double-thinking yourself, drifting away from what you know, which then spirals faster as you inevitably get it wrong again and you sit there watching the trade set-up you'd normally have taken, ie: if you'd just ''stuck to the plan'' you see you'd have had a winner. That drives traders nuts. You really need to decompress and come back completely fresh.
That is the thing. I ended up with losing trades where a 1 R or 1.5 R was at hand multiple times. That is not bearable in intraday trading. I know where this is coming from though as some private things have changed and I am psychologically pressed. Sometimes I wish for a bit of more luck or better conditions, yet I know life is not fair and we have to play the cards we are given, and be it T9o.

Don't know what I will do, but not trade tomorrow ... then maybe the cold hard facts in my face on the weekend of all the trades that had floating profit and I let them turn against me or the few chances to get a runner like yesterday where paradoxically I took the normal target.
The funny thing is that I am not even risking too much like many do. I am bad bad at taking profits at the best spot. Might also be a deeper issue, but enough of that.
Fix up, trade sharp ...
  • #38,708
  • Jan 24, 2019 11:19am Jan 24, 2019 11:19am
Quoting Hickson
{quote} That is the thing. I ended up with losing trades where a 1 R or 1.5 R was at hand multiple times. That is not bearable in intraday trading. I know where this is coming from though as some private things have changed and I am psychologically pressed. Sometimes I wish for a bit of more luck or better conditions, yet I know life is not fair and we have to play the cards we are given, and be it T9o. Don't know what I will do, but not trade tomorrow ... then maybe the cold hard facts in my face on the weekend of all the trades that had floating...
Hi Hickson.
Plenty of fishing at the weekend, and you will soon be back in the groove.
Take care
Regards
Kev
  • #38,709
  • Jan 24, 2019 1:24pm Jan 24, 2019 1:24pm
Just a small playtime before dinner.

Two bites, one too early and one just fine. Gave +just-over-scratch and +4.5 so happy enough, especially as it's basically, ya' know...nuts, trading The DAX at this time .

DAX Momo-Scalp m1 Chart

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Out

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Could have left it a little longer but stepping back and looking left, you can see why I didn't.

Anyway, all good - and done for today...probably
  • #38,710
  • Jan 24, 2019 1:39pm Jan 24, 2019 1:39pm
[quote=Hickson;11923167]{quote} That is the thing. I ended up with losing trades where a 1 R or 1.5 R was at hand multiple times. That is not bearable in intraday trading. I know where this is coming from though as som

Hi H, i will not preach but i will say ,,,,You have the answers already?
Trade well, i know you can and i know you will.
Take care........
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,711
  • Jan 24, 2019 3:12pm Jan 24, 2019 3:12pm
Quoting lemercenaire
Just a small playtime before dinner. Two bites, one too early and one just fine. Gave +just-over-scratch and +4.5 so happy enough, especially as it's basically, ya' know...nuts, trading The DAX at this time . DAX Momo-Scalp m1 Chart {image} Out {image} Could have left it a little longer but stepping back and looking left, you can see why I didn't. Anyway, all good - and done for today...probably
Hello Lem.
Painting the bedroom wall under supervision of Mrs T. I am aching all over ( well I am an old git).
Had a look at Dax and dropped my pre 8 am levels in - eyeballed - and spotted one iffy trade and one nice long that I never took.
One Minute chart - UK time.
I hope Mrs T. appreciates the sacrifices I am making.
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every Saint has a past. Every Sinner has a Future
  • #38,712
  • Jan 24, 2019 3:23pm Jan 24, 2019 3:23pm
Quoting claudia1
Saturday morning is busy time for me to go over the week and see what went wrong. Also look ahead and see what news we got coming a bit like Davit does. My version is prettier though - happy to post weekly if anyone interested. {image}
Sorry to take you back next year Claudia, hope my fellow Brit has a successful month to a new year, i mostly participate to Davit thread however i like your calendar you posted. Do you do this yourself or from another source?

Many thanks Riese
  • #38,713
  • Jan 24, 2019 3:27pm Jan 24, 2019 3:27pm
Quoting turnip15
{quote} Hello Lem. Painting the bedroom wall under supervision of Mrs T. I am aching all over ( well I am an old git). Had a look at Dax and dropped my pre 8 am levels in - eyeballed - and spotted one iffy trade and one nice long that I never took. One Minute chart - UK time. I hope Mrs T. appreciates the sacrifices I am making. {image}
lol you would do anything for Mrs T. You paint, wash cars get her trading.
  • #38,714
  • Jan 24, 2019 3:31pm Jan 24, 2019 3:31pm
Quoting RieseP
{quote} Sorry to take you back next year Claudia, hope my fellow Brit has a successful month to a new year, i mostly participate to Davit thread however i like your calendar you posted. Do you do this yourself or from another source? Many thanks Riese
Hi

The calendar is from the forum I just created a spread sheet. Happy to post every week but nobody seemed interested.
  • #38,715
  • Jan 24, 2019 4:23pm Jan 24, 2019 4:23pm
Quoting slowbrain
{quote} follow up E/U 8 pips filter {image}
You charts remind me of the good old-fashioned Point and Figure charts.

Attached eurusd 8x1 boxes
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  • #38,716
  • Jan 24, 2019 6:13pm Jan 24, 2019 6:13pm
Off working on my Frankenbreak Redux and lucked into a +35 pip drop (Frankenbreak only operates on EG, remember). Right place, right time.
  • #38,717
  • Jan 25, 2019 1:00am Jan 25, 2019 1:00am
Morning, all!

Have been sick yesterday and today, so have done some reading of the thread starting from a post in the 500s, per Lem's advice. Found some gems that would like to share here. They maybe helpful to the newcomers and may bring good memories to the regulars here.

Here is one where Lem explains his trading using a higher-level candle and a Mid-Line. If people like it may post a couple more findings.

Quoting lemercenaire
{quote} Hi slowbrain. In my head, I do not think of any move as having failed, instead I look at it as just another move. A small psychological point but important. I'm just as happy trading inside the candle as taking a breakout. Anyway, as you've seen, I box the zone from the Trigger Candle's H to L. I then add a Mid-Line. If once the Trigger Candle closes and either breaks and does not make my tp (+5) or doesn't break at all and price drops back inside the range and it continues to drop, I will counter-trade the cross of the mid-line. If it then...
Buy low, sell high.
  • #38,718
  • Jan 25, 2019 1:12am Jan 25, 2019 1:12am
Quoting HappyMan
Morning, all! Have been sick yesterday and today, so have done some reading of the thread starting from a post in the 500s, per Lem's advice. Found some gems that would like to share here. They maybe helpful to the newcomers and may bring good memories to the regulars here. Here is one where Lem explains his trading using a higher-level candle and a Mid-Line. If people like it may post a couple more findings. {quote}
Please add more pearls!
  • #38,719
  • Jan 25, 2019 1:20am Jan 25, 2019 1:20am
Morning Guys, The Dax Monster at Frankie Open was Quick and fiery like a demon WE START with a Gap and push north into Micro Supply = Entered short in and out had to be nimble bagged 7 points Yaaaaaay , and as expected, the monster flew back up North my thoughts at this time, we are still Bullish for a further push on the larger time frame. soooo had to be super alert. All done for today its Friday mmmmmm. Been a short but very good week for me this weeek Time for BREAKY green to all trading today and watch them spreads. Catch you later guys good hunting.
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  • #38,720
  • Jan 25, 2019 1:39am Jan 25, 2019 1:39am
Expanded View Dax
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