Billytt Die happy trading e/j daily breakout | Page 1942 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,821
  • Jan 27, 2019 8:20am Jan 27, 2019 8:20am
[quote=billytt;11931418]
Quoting Hickson
{quote} Hi H, i do not think we will ever agree with what is best or logically the best method. To have a stop is ideal for most traders and yes the risk is defined but a good counter avoids whip. Anyway horses for courese. Take care, trade well
The risk for the retailer with small account is that in case of unexpected events (like some of the 100-200 pip drops in about 60 seconds we have seen during Brexit blabla) that account is usually wiped. Even if not, hardly advisable for most people to try starting a counter being down - 100 percent given the fact they are looking for plus five percent on a five pip move? It might not seem likely, but one day it will happen. I have seen it multiple times.
Fix up, trade sharp ...
  • #38,822
  • Jan 27, 2019 9:13am Jan 27, 2019 9:13am
[quote=Hickson;11931896]
Quoting billytt
{quote} The risk for the retailer with small account is that in case of unexpected events (like some of the 100-200 pip drops in about 60 seconds we have seen during Brexit blabla) that account is usually wiped. Even if not, hardly advisable for most people to try starting a counter being down - 100 percent given the fact they are looking for plus five percent on a five pip move? It might not seem likely, but one day it will happen. I have seen it multiple times.
i can see where you are coming from, but like i said earlier , If you cannot see how it is done you never will.
That is no problem stick to normal retail trading.
I know my method works and so does the 2 companies i sold variations of.
As for 5 pips??? that is 5% , now we are talking serious trading.
trade well and end of story............
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,823
  • Jan 27, 2019 1:44pm Jan 27, 2019 1:44pm
[quote=billytt;11931966]
Quoting Hickson
{quote} i can see where you are coming from, but like i said earlier , If you cannot see how it is done you never will. That is no problem stick to normal retail trading. I know my method works and so does the 2 companies i sold variations of. As for 5 pips??? that is 5% , now we are talking serious trading. trade well and end of story............
Sure, you got there. As you said, huge bank, different margin requirements at the time. That said the question for the normal retailer remains - if they do not have a second account after such an event with -100 pips meaning -100 percent, they remain knocked out. That is a no comeback defeat.

Please do not tell me they are able to counter in seconds with their small finger on the mouse in front of the shock when the algos kick in. Maybe Happy can give his insight for he has to deal with the margin requirements of today and follows you in countering. I wonder what he has prepared for such a case, and I hope this is not seen as taunting but I really do not see how one can take such risk without having huge capital reserves in play.

Otherwise, just back to normal trading.
Fix up, trade sharp ...
  • #38,824
  • Jan 27, 2019 3:54pm Jan 27, 2019 3:54pm
Hi Guys, Catching up on the posts, Big thank you to MR B ,. you are an inspiration that's for sure, always ready to explain the how and why, and you share your experience in the world of trading so that other traders can learn and grow. You are a genuine guy in my book, and may I say a True Gent.
I have to be out and about sharpish tomorrow,,,, not my preferred day, was looking forward to being here following Mr B. Sooo, will have to catch up Monday evening.
I could be around early doors for an hour, hope to. Catch you later. Good Hunting.
  • #38,825
  • Jan 27, 2019 5:11pm Jan 27, 2019 5:11pm
Quoting Pipradar
Hi Guys, Catching up on the posts, Big thank you to MR B ,. you are an inspiration that's for sure, always ready to explain the how and why, and you share your experience in the world of trading so that other traders can learn and grow. You are a genuine guy in my book, and may I say a True Gent. I have to be out and about sharpish tomorrow,,,, not my preferred day, was looking forward to being here following Mr B. Sooo, will have to catch up Monday evening. I could be around early doors for an hour, hope to. Catch you...
Thank you for your kind words.
It is a pleasure for me to help others.
Have a good day tomorrow....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,826
  • Jan 27, 2019 5:18pm Jan 27, 2019 5:18pm
I have had a change of plans,
I have had a friend run tests on the 00-00 open including using a filter. The conclusion is i will benefit more if i went to sleep. lol.
The stats show i will encounter more than my average of whip and i might spend several hours fixing fails,,,,,

BUT ,,,,,,, drrrrrrrrrum rollllllll, i am going to chase the adr off the 00-00 4 bar and scalp Dax off the 08-00 1 minute bar,
Plus gf will be happier too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,827
  • Jan 27, 2019 5:37pm Jan 27, 2019 5:37pm
Quoting billytt
I have had a change of plans, I have had a friend run tests on the 00-00 open including using a filter. The conclusion is i will benefit more if i went to sleep. lol. The stats show i will encounter more than my average of whip and i might spend several hours fixing fails,,,,, BUT ,,,,,,, drrrrrrrrrum rollllllll, i am going to chase the adr off the 00-00 4 bar and scalp Dax off the 08-00 1 minute bar, Plus gf will be happier too.
"...scalp DAX off the 08-00 1 minute bar..."

Billy has come to the Dark Side, mwhahahahaha!
  • #38,828
  • Jan 27, 2019 5:40pm Jan 27, 2019 5:40pm
Quoting lemercenaire
{quote} "...scalp DAX off the 08-00 1 minute bar..." Billy has come to the Dark Side, mwhahahahaha!
i used to play with it about the time you started if i remember.
i was actually trading the same colour bar following the 07-55 bar if i remember.
Only trouble is i hope it isnt too fast for me trading off the 08-00 1 min bar.
If i enter and it retraces i will trade the other end.
It is all in its infancy and it will keep me quiet. lol

edit... when i say scalp, i mean one trade hopefully for 10 points....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,829
  • Jan 27, 2019 6:05pm Jan 27, 2019 6:05pm
Quoting billytt
{quote} i used to play with it about the time you started if i remember. i was actually trading the same colour bar following the 07-55 bar if i remember. Only trouble is i hope it isnt too fast for me trading off the 08-00 1 min bar. If i enter and it retraces i will trade the other end. It is all in its infancy and it will keep me quiet. lol edit... when i say scalp, i mean one trade hopefully for 10 points....
Yeah, that rings a bell. The same-colour-bar concept. That got me interested and led initially to the Monster set up, playing off the two hour block 06:00 - 08:00.
  • #38,830
  • Jan 27, 2019 6:28pm Jan 27, 2019 6:28pm
Lem,

is there any merit in trading the NY afternoon session like the DZ or WH, from the H1 candle or maybe two H1 candles in the NY lunch (two)hour?

That would give a trading time more conducive to us downunder compared to the DZ. The WH always suffers from increased spreads around the NYclose and can't be traded on Mondays (our Mondays that is) because of the weekend gap.

Also, I only trade the eurusd, so taylor your comments to that, please.
  • #38,831
  • Jan 28, 2019 1:23am Jan 28, 2019 1:23am
Morning Guys The Dax Monster at Frankie Open. Price was unsteady and stalling for uncomfortable moments = waited for a break of Micro Hi, had some Lem Momo in the Mix went in Long and Nabbed 5 points and out Just before Supply. Yaaaaaay Pip is a happy chap. . Time for some breaky and nice hot cuppa, Good hunting guys, I am away early doors sooo will catch up on the shindig tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1 Mon 28 Jan Micro Momo Break of Hi Long =5 points.png Size: 49 KB
  • #38,832
  • Jan 28, 2019 1:41am Jan 28, 2019 1:41am
Quoting lemercenaire
{quote} Yeah, that rings a bell. The same-colour-bar concept. That got me interested and led initially to the Monster set up, playing off the two hour block 06:00 - 08:00.
yes you did. and yes i did.
I remember now lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,833
  • Jan 28, 2019 1:45am Jan 28, 2019 1:45am
Today......
i am going to trade Dax off the 08-00 1 minute bar .yaaaaaaaaaaaaaaaaaaaaaay AND MANUALLY. looking for 10 points to start.
i also have a friend trading Cable off the 08-00 5 minute bar ..

gf is out working on a garden.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,834
  • Jan 28, 2019 1:57am Jan 28, 2019 1:57am
Quoting ikdenk
Lem, is there any merit in trading the NY afternoon session like the DZ or WH, from the H1 candle or maybe two H1 candles in the NY lunch (two)hour? That would give a trading time more conducive to us downunder compared to the DZ. The WH always suffers from increased spreads around the NYclose and can't be traded on Mondays (our Mondays that is) because of the weekend gap. Also, I only trade the eurusd, so taylor your comments to that, please.
Hi buddy.

I am not too sure what specific time slot you mean. ''The NY lunch (two) hour.'' Would that be the two hour slot that is noon to 14:00 NY time? As I write this, that makes sense. So that would be the 17:00 - 19:00 uk slot.

I did run a move around then as an offshoot from some comments by Claudia and Billy but it was on GU and the S&P and it seemed ok but I eventually let it peter out, simply because it was at such a weird time of day for me I kept forgetting about it!

I reckon EU would be a good option and I can certainly say it would be worthwhile taking a look at this (again).

The thing is, you can run WZ entries on any candle. It just works. If you overlay the Daily WZ and/or H4, then that gives you an added bias potential. For me now, I would certainly add S+D into the mix and also pay attention to Weekly Open and Daily Pivots.

I probably won't be trading too much - if at all - today, so I may use the time to take a look at this today.
  • #38,835
  • Jan 28, 2019 2:07am Jan 28, 2019 2:07am
Woke up with a head full of fuzz and clouds this morning. Head cold brought back as a result of spending the day with a football team full of uncouth youth on a rain-soaked trip to Gateshead.

As a result, I doubt I will be doing much trading today - and certainly not this morning.

Good trading to all those who do.
  • #38,836
  • Jan 28, 2019 2:09am Jan 28, 2019 2:09am
t 08-08
Oil + 10... i felt uneasy but everything went well.
now check with the Cable trade being worked by a friend.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,837
  • Jan 28, 2019 2:09am Jan 28, 2019 2:09am
Quoting Pipradar
Morning Guys The Dax Monster at Frankie Open. Price was unsteady and stalling for uncomfortable moments = waited for a break of Micro Hi, had some Lem Momo in the Mix went in Long and Nabbed 5 points and out Just before Supply. Yaaaaaay Pip is a happy chap. . Time for some breaky and nice hot cuppa, Good hunting guys, I am away early doors sooo will catch up on the shindig tonight. {image}
Nice job, Pips. Enjoy your cuppa and your trip out. Catch you later.
  • #38,838
  • Jan 28, 2019 2:23am Jan 28, 2019 2:23am
Quoting lemercenaire
Woke up with a head full of fuzz and clouds this morning. Head cold brought back as a result of spending the day with a football team full of uncouth youth on a rain-soaked trip to Gateshead. As a result, I doubt I will be doing much trading today - and certainly not this morning. Good trading to all those who do.
oooooooooooooooooo the dreaded man flu.

fluids and chill out. get back to 100% soon.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,839
  • Jan 28, 2019 2:26am Jan 28, 2019 2:26am
Cable,,,,08-00 5 min bar break.....
he got 5 off the High Break, looking at it, the short range bar is good yet bad and this too i am not confident with...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,840
  • Jan 28, 2019 2:33am Jan 28, 2019 2:33am
Quoting lemercenaire
Woke up with a head full of fuzz and clouds this morning. Head cold brought back as a result of spending the day with a football team full of uncouth youth on a rain-soaked trip to Gateshead. As a result, I doubt I will be doing much trading today - and certainly not this morning. Good trading to all those who do.
Good idea - get well soon, Lem. Some hot Toddies might fix it ...
Fix up, trade sharp ...
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