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Billytt Die happy trading e/j daily breakout

  • #38,841
  • Jan 28, 2019 2:35am Jan 28, 2019 2:35am
Quoting Hickson
Quoting billytt
{quote} 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
...
Hi, Hickson!

I think I understand where you are coming from. There is a part of me that asks exact same questions. Undoubtedly, countering is not for everyone. Stop limits bring safety and stability. On the other hand, countering can limit losses further but at greater risk. Billy also said that countering requires a bigger capital. One has to check margin requirements of one's broker and find a formula to calculate trade size including all the variables. I think this what each of us is doing here, learning from the best and finding their own way to apply it.

Blue skies and green pips!
Buy low, sell high.
  • #38,842
  • Jan 28, 2019 2:37am Jan 28, 2019 2:37am
Quoting lemercenaire
{quote} 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...
Thanks for your detailed response, much appreciated.

It is indeed trading the return of the NY traders after their extended lunch "hour", hopefully fortified with plenty of alcohol.

Your 5 to 7 pm timeslot, probably too busy cooking/eating dinner.
  • #38,843
  • Jan 28, 2019 2:52am Jan 28, 2019 2:52am
Quoting HappyMan
{quote}{quote} Hi, Hickson! I think I understand where you are coming from. There is a part of me that asks exact same questions. Undoubtedly, countering is not for everyone. Stop limits bring safety and stability. On the other hand, countering can limit losses further but at greater risk. Billy also said that countering requires a bigger capital. One has to check margin requirements of one's broker and find a formula to calculate trade size including all the variables. I think this what each of us is doing here, learning from the best and finding...
Hi Happy, thanks for your answer! I think that is the point: How much risk is one willing to take? If you are ok with these worst case scenarios, then you might give it a shot for the mentioned advantages of it.

We have to work on the blue skies here ... grey, 2 degrees and rain lol ...
Fix up, trade sharp ...
  • #38,844
  • Edited 4:05am Jan 28, 2019 3:12am | Edited 4:05am
t 09-10

Cable..... 08-00 5 minute bar break.
The High broke for 10 points. again i wasn't happy lol, short range bar. was i lucky????
actually the 15 min bar came into play.
My friend traded it and i was at his side.


edit,,,,, the low came very very close to being triggered, WE DON'T DO CLOSE....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,845
  • Jan 28, 2019 3:14am Jan 28, 2019 3:14am
Quoting HappyMan
{quote}{quote} Hi, Hickson! I think I understand where you are coming from. There is a part of me that asks exact same questions. Undoubtedly, countering is not for everyone. Stop limits bring safety and stability. On the other hand, countering can limit losses further but at greater risk. Billy also said that countering requires a bigger capital. One has to check margin requirements of one's broker and find a formula to calculate trade size including all the variables. I think this what each of us is doing here, learning from the best and finding...
nice post, we are all learning and adapting to what we have.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,846
  • Edited 6:13am Jan 28, 2019 3:25am | Edited 6:13am
t 09-24

G/U adr of 100??? this is a modest adr not the actuaL ONE.
TIME OF CHART 09-20
Attached Image



edit at t 12-12, the actual adr is 124
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,847
  • Jan 28, 2019 3:29am Jan 28, 2019 3:29am
Quoting billytt
t 09-10 Cable..... 08-00 5 minute bar break. The High broke for 10 points. again i want happy lol, short range bar. was i lucky???? actually the 15 min bar came into play. My friend traded it and i was at his side. edit,,,,, the low came very very close to being triggered, WE DON'T DO CLOSE....
Congrats! Can you give details? Did you counter on the other end? How did M15 help?
Buy low, sell high.
  • #38,848
  • Jan 28, 2019 3:34am Jan 28, 2019 3:34am
Cable...i have a short running looking for the modest adr Low, looking for 13140 first as this will be the +70, an important area in my opinion.
lets see.
all my trades today are using small lots.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,849
  • Jan 28, 2019 3:34am Jan 28, 2019 3:34am
Quoting HappyMan
{quote} Congrats! Can you give details? Did you counter on the other end? How did M15 help?
NO
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,850
  • Jan 28, 2019 3:35am Jan 28, 2019 3:35am
Quoting HappyMan
{quote} Congrats! Can you give details? Did you counter on the other end? How did M15 help?
sorry, joking, of course i will share details...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,851
  • Jan 28, 2019 3:40am Jan 28, 2019 3:40am
Quoting HappyMan
{quote} Congrats! Can you give details? Did you counter on the other end? How did M15 help?
seriously.... i was going to attempt to use stops even though it would hurt.lol

The 08-00 5 bar break came very close to the low triggering. but it did not. the High broke and then we aimed for the 08-15 bar which as we know has good stats to make 5, so i/we managed 10 . the 08-00 15 bar just about made 5/7 points...
now hunting the modest adr of 100, so far +38 , lets see.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,852
  • Jan 28, 2019 3:59am Jan 28, 2019 3:59am
Cable,,, t 09-57.
if it moves back up a will close at +20, then look at plan B lol.
i will then wait for next trigger. which will be the previous Low or the 00-00 4 hour bar high.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,853
  • Jan 28, 2019 4:12am Jan 28, 2019 4:12am
Quoting billytt
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.
omg i was supposed to be trading dax today, the low broke and it failed but high then broke and everything would of been ok, BUT I DID NOT TRADE IT, I TRADED OIL LOL.....
That was probably due to having my friend around trading on the other pc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,854
  • Jan 28, 2019 4:20am Jan 28, 2019 4:20am
Quoting billytt
{quote} seriously.... i was going to attempt to use stops even though it would hurt.lol The 08-00 5 bar break came very close to the low triggering. but it did not. the High broke and then we aimed for the 08-15 bar which as we know has good stats to make 5, so i/we managed 10 . the 08-00 15 bar just about made 5/7 points... now hunting the modest adr of 100, so far +38 , lets see.
Hmm. That's the first M5 bar in M15, right? Triggered my counter on the way down, before hitting +5 on high.
Buy low, sell high.
  • #38,855
  • Jan 28, 2019 4:28am Jan 28, 2019 4:28am
Quoting HappyMan
{quote} Hmm. That's the first M5 bar in M15, right? Triggered my counter on the way down, before hitting +5 on high.
correct, the first 5 min bar.
Attached Image

very low range and i think i will stick with the 08-00 15 min bar...
i will keep trying it for a few days.

edit,,, the low did not trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,856
  • Jan 28, 2019 5:48am Jan 28, 2019 5:48am
Cable,,,,, chart taken at 11-45

showing up to date modest 100 adr and 70 adr.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,857
  • Jan 28, 2019 5:59am Jan 28, 2019 5:59am
Cable,,,,, actual adr for today is 124... my calculations based off the last 5 days (excluding Sunday)
= 81-125-140-117-157 /5 = 124.
and yes it was cable not dax or oil lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,858
  • Jan 28, 2019 6:10am Jan 28, 2019 6:10am
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, it is good to see you concentrating on one pair.

That is what i did. Obviously today i am not because i am playing around plus i have a helper.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,859
  • Jan 28, 2019 6:29am Jan 28, 2019 6:29am
t 12-27
Cable, 4 hour chart ,
box shows the adr 124 High/Low taken at approx 12-26
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,860
  • Jan 28, 2019 7:56am Jan 28, 2019 7:56am
Strangely enough, got hooked on the break of the low of M15, whereas Billy did not. Same broker. Thoughts, ideas, suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 209 KB
Buy low, sell high.
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