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Billytt Die happy trading e/j daily breakout

  • #40,381
  • Apr 10, 2019 9:41am Apr 10, 2019 9:41am
Quoting RieseP
{quote} Billy how do go about protecting your capital? Do you use a hard SL or do you hedge? I see claudia uses SL and just wanted to understand the pros and cons really.
Hi R, hope all is well.
When I trade my main Trade (Cable 08-00 15 min break). I counter if Trade goes against.
i and a colleague have been trading e/g and e/u for a few weeks using small lots with the idea of using a stop BUT it has never happened, lol. We ended up countering as it was infrequent.
we are trying to get a decent method for the small Retailer trying to trade against Huge Margin.
i can answer more in depth, as counter is only part of my trading.
Trade well...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,382
  • Apr 10, 2019 10:13am Apr 10, 2019 10:13am
Dax round up - whip range broken for a long and a loser short
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every Saint has a past. Every Sinner has a Future
  • #40,383
  • Apr 10, 2019 10:18am Apr 10, 2019 10:18am
Dow ended up with three losers and one winner.
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every Saint has a past. Every Sinner has a Future
  • #40,384
  • Apr 10, 2019 10:29am Apr 10, 2019 10:29am
Quoting billytt
{quote} Hi R, hope all is well. When I trade my main Trade (Cable 08-00 15 min break). I counter if Trade goes against. i and a colleague have been trading e/g and e/u for a few weeks using small lots with the idea of using a stop BUT it has never happened, lol. We ended up countering as it was infrequent. we are trying to get a decent method for the small Retailer trying to trade against Huge Margin. i can answer more in depth, as counter is only part of my trading. Trade well...
Correct me if i'm wrong but all you do is mark the high and low of the 15 min candle at 08-00 and wait for the break and then have target say 10 pips and then your out? Surely its more complex then that? i noticed you mention ADR so how do you corporate that into your strategy.

Thanks Rieeesee P
  • #40,385
  • Apr 10, 2019 10:38am Apr 10, 2019 10:38am
Quoting RieseP
{quote} Correct me if i'm wrong but all you do is mark the high and low of the 15 min candle at 08-00 and wait for the break and then have target say 10 pips and then your out? Surely its more complex then that? i noticed you mention ADR so how do you corporate that into your strategy. Thanks Rieeesee P
I will explain, but not right now as I am going out.
BUT,,, first you are correct , we have at 08-00 uk time, the open to f the 15 minute bar, when it closes we have a High and a Low. When either of these high/ low is broken we enter.
initially for stats I look for 10 pips but I actually better my odds and take 5. I will speak adr later.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,386
  • Apr 10, 2019 10:44am Apr 10, 2019 10:44am
Quoting billytt
{quote} I will explain, but not right now as I am going out. BUT,,, first you are correct , we have at 08-00 uk time, the open to f the 15 minute bar, when it closes we have a High and a Low. When either of these high/ low is broken we enter. initially for stats I look for 10 pips but I actually better my odds and take 5. I will speak adr later. Trade well.
Thanks Billy, Top Man
  • #40,387
  • Apr 10, 2019 3:57pm Apr 10, 2019 3:57pm
Quoting RieseP
{quote} Correct me if i'm wrong but all you do is mark the high and low of the 15 min candle at 08-00 and wait for the break and then have target say 10 pips and then your out? Surely its more complex then that? i noticed you mention ADR so how do you corporate that into your strategy. Thanks Rieeesee P
So we have the 08-00 break sorted,
i work on the principle of making 25% every 5 trading days.
sometimes i make more, this extra is /can be used to offset a loss.
If i have a fail, i counter then i look at the 00-00 4 hour bar, this is a very useful bar as you can plot the adr off it, once the high or low has broken.
This can be used as a method in its self, it is how the gurus work.
Don't forget i use Frequency Distribution stats.
i will increase a lot size, i will retrace trade AND I WILL COMPOUND.
another secret i spoke of a few weeks ago, i will even counter a winning trade??????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,388
  • Apr 10, 2019 4:04pm Apr 10, 2019 4:04pm
In order for you to class as a fail - does that mean price came back in between the high and low of the candle.

what do you mean you can plot adr of the 00-00 4 hour bar? Do you mean target levels?

Sorry to be be a pain in the AR*E
  • #40,389
  • Apr 11, 2019 1:15am Apr 11, 2019 1:15am
Quoting RieseP
In order for you to class as a fail - does that mean price came back in between the high and low of the candle. what do you mean you can plot adr of the 00-00 4 hour bar? Do you mean target levels? Sorry to be be a pain in the AR*E
Keep asking questions. Don't forget we have people looking in and they not know and maybe shy.lol.
Example, if the High breaks then retraced to break Low without making +5 after spread etc, that is a FAIL.and vice versa.
In my humble opinion, the 4 hour bar from 00-00 until 04-00 UK time is magic.
It is a good gauge to chase the adr ( average daily range).
The first break is harder to judge, but when the second break occurs (if it happens) we then add or subtract from first break to determine the adr. It works BUT does fail sometimes but then we counter lol.
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,390
  • Apr 11, 2019 1:23am Apr 11, 2019 1:23am
Top "t morning Mr B, Not much trading for me to speak of this year, I do some cheeky scalping with "Lem's momo" and out L.O.L. It's a lovely day in the North West I'm going out and about for a mooch will catch up later take care bud . .
  • #40,391
  • Apr 11, 2019 1:27am Apr 11, 2019 1:27am
Quoting Pipradar
Top "t morning Mr B, Not much trading for me to speak of this year, I do some cheeky scalping with "Lem's momo" and out L.O.L. It's a lovely day in the North West I'm going out and about for a mooch will catch up later take care bud . .
You too Pip, take care bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,392
  • Apr 11, 2019 1:28am Apr 11, 2019 1:28am
AJ -8.5
EJ +14.0
EG +6.0
GU +2.6
  • #40,393
  • Apr 11, 2019 1:30am Apr 11, 2019 1:30am
T 07-29.
Cable,00-00 4 hour range. The High broke then retraced down to break Low.
High Failed so we have have a counter on but we did bank a few points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,394
  • Apr 11, 2019 1:30am Apr 11, 2019 1:30am
Quoting claudia1
AJ -8.5 EJ +14.0 EG +6.0 GU +2.6
Yaaaaaaay nice one.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,395
  • Apr 11, 2019 1:32am Apr 11, 2019 1:32am
Quoting billytt
{quote} Yaaaaaaay nice one.
Thanks. It's getting interesting.
  • #40,396
  • Apr 11, 2019 1:51am Apr 11, 2019 1:51am
Lem - 14.30 Chelmsford interesting one.
  • #40,397
  • Apr 11, 2019 2:14am Apr 11, 2019 2:14am
Quoting claudia1
AJ -8.5 EJ +14.0 EG +6.0 GU +2.6
very nice!
For some reason my stats are different:
AJ - 8.5
EJ + 6
EG - 11

I just have the breakout to one side on.
Might I ask, did you get this stats because of a break out of both sides?


On a different matter, I noticed that the EA has a MA filter.
I started doing visual backtest with the 50 MA (only long over or short under etc)
It seems that the lossing trades today would not be taken if this filter would be on.
I will test that further.
  • #40,398
  • Apr 11, 2019 2:15am Apr 11, 2019 2:15am
The sun is blazing, the sun screen will be looked out and The DAX sets us up nicely (one of those statements is bol*****).

Here's a hint: It's not The DAX performance. That was very nice indeed.

DAX 1-min Chart

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Out +6.5

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  • #40,399
  • Apr 11, 2019 2:17am Apr 11, 2019 2:17am
Why you never hold The Monster's tail too long...

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  • #40,400
  • Apr 11, 2019 2:21am Apr 11, 2019 2:21am
Quoting claudia1
Lem - 14.30 Chelmsford interesting one.
''Interesting'' is one word for it, lol.

The two outsiders have the (potential) talent to pinch the second place though. I'm assuming that will be your play.
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