Billytt Die happy trading e/j daily breakout | Page 2070 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #41,381
  • May 15, 2019 2:44am May 15, 2019 2:44am
Quoting lemercenaire
Playing with fire now... Out +0.5 +2.5 {image}
Just for you Lem L.O.L.
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  • #41,382
  • May 15, 2019 2:47am May 15, 2019 2:47am
Last one...

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Out +3.5

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  • #41,383
  • May 15, 2019 2:48am May 15, 2019 2:48am
We have another beautiful day here, soooooo, I am off out and about will pop back later for the NY session , good hunting guys
  • #41,384
  • May 15, 2019 2:48am May 15, 2019 2:48am
Quoting RieseP
{quote} billy when you have time could you have look at the 08-00 1 hour GU break With a 28 stop loss and 28 TP but if the break fails close it and go opposite direction 2 fails and leave it alone. I’m trying to come up with a strategy that is simple with £20k any advice would be highly appreciated
Hi, I cannot Trade like that as it falls into the standard Forex World of Risk Management. You know risk 1 gain 3 etc
my stats are base off certain times, i.e. 00-00 and 08-00 and for 5/10 points.
If trading for adr that is slightly different as I normally do it following a Fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,385
  • Edited 3:20am May 15, 2019 2:53am | Edited 3:20am
All-In: +30.5

That'll do nicely.

Kept trying to get rid of that 0.5 lol...oh well, better in my pocket than theirs.

Now I can go get breakfast and that brew Pips was promising me.

That was fun...

Trade well all and back later.
  • #41,386
  • May 15, 2019 2:55am May 15, 2019 2:55am
Quoting billytt
{quote} Hi, I cannot Trade like that as it falls into the standard Forex World of Risk Management. You know risk 1 gain 3 etc my stats are base off certain times, i.e. 00-00 and 08-00 and for 5/10 points. If trading for adr that is slightly different as I normally do it following a Fail.
I fully understand billy. I’m just trying to come up with a strategy based on small capital that would be sustainable. I’m leaving my job soon and would like to trade full-time which is a challenge as we all know if your not prepared then say goodbye to money..

thanks mate
  • #41,387
  • May 15, 2019 3:11am May 15, 2019 3:11am
Quoting Pipradar
Morning Guys the Dax Monster at Franky Open was swift , I entered long on a break and bounce Long, entered a tad early to be honest and was very very nearly closing out at the yellow line but saved by a midges do dah L.O.L bagged 3.3 points so not the 5 I was looking for, but thats ok for now, lets see how the day goes. {image}

Shortly around UK open
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every Saint has a past. Every Sinner has a Future
  • #41,388
  • May 15, 2019 3:16am May 15, 2019 3:16am
Quoting turnip15
{quote} Shortly around UK open {image}
Hi T - you still looking into futures ?
  • #41,389
  • May 15, 2019 3:20am May 15, 2019 3:20am
No trade last night due to low range.

@ Hickson - have added EG again 00.00 - 04.00 break.
  • #41,390
  • Edited 6:50am May 15, 2019 3:27am | Edited 6:50am
Quoting RieseP
{quote} I fully understand billy. I’m just trying to come up with a strategy based on small capital that would be sustainable. I’m leaving my job soon and would like to trade full-time which is a challenge as we all know if your not prepared then say goodbye to money.. thanks mate
EDIT: As Billy points out later today, I got the time-slot wrong for the AU set-up. I have now changed this to the correct one. Apologies.

For the kind of thing you are looking at, I would suggest that Billy's 04:00 - 08:00 bar but on AU may be an option.

A friend here was in exactly the same boat as you and also as an aside wasn't able to hedge. Using Billy's stats as a base, he crunched numbers and found that he could run it like this:

Take the set-up as described (AU 00:00 - 04:00 bar uk time).
Wait for price to break the bar.
If it fails (to make the +5/+10) and retraces back into the body, then trade the opposite break and hunt the ADR (20 days if I remember correctly - not inc Sundays).

This is using Billy's legwork to fit my friend's needs.

Failing that, I would suggest the GU 08:00 - 08:15 set up cannot be beaten. Plus it's a more humane trading hour of the day for us Brits, lol.
  • #41,391
  • May 15, 2019 3:41am May 15, 2019 3:41am
Schwiiiiinnngggg!!!

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  • #41,392
  • May 15, 2019 4:57am May 15, 2019 4:57am
Quoting claudia1
{quote} Hi T - you still looking into futures ?
Sorry Claudia -just seen this. Yes - I am still looking into Futures. Being inexperienced I rely on comments of others on Elitetrader and CME related posts. Seems the "Micros" are a bigger success than anticipated. I am using AMP Futures to demo with and thus far I am impressed. But the comment of more experienced people, rather than my fumbling in the dark would be more informative. The Micro's seem, to me, an ideal way for people of some experience of trading other instruments, to get a feel for Futures by putting some "skin" in the game?
every Saint has a past. Every Sinner has a Future
  • #41,393
  • May 15, 2019 5:13am May 15, 2019 5:13am
Quoting Pipradar
We have another beautiful day here, soooooo, I am off out and about will pop back later for the NY session , good hunting guys
At the moment I am away to Dorset camping this coming Friday, gf is away with a friend and taking their dogs.
So band watching and messing around on the cliffs and sea. rain or shine. Yaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,394
  • May 15, 2019 5:18am May 15, 2019 5:18am
Quoting lemercenaire
{quote} For the kind of thing you are looking at, I would suggest that Billy's 00:00 - 04:00 bar but on AU may be an option. A friend here was in exactly the same boat as you and also as an aside wasn't able to hedge. Using Billy's stats as a base, he crunched numbers and found that he could run it like this: Take the set-up as described (AU 00:00 - 04:00 bar uk time). Wait for price to break the bar. If it fails (to make the +5/+10) and retraces back into the body, then trade the opposite break and hunt the ADR (20 days if I remember correctly...
Thank you Lem. The only trouble with Cable at the moment is Brexit related, the stats are wobbly, who ever saw these very low Daily Range's. They will move big but we have slight whip which we do not want.

like I say use a stop if need or counter and both ways claw back negative points whilst making the 5% or what ever.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,395
  • May 15, 2019 5:27am May 15, 2019 5:27am
Cable, break of 00-00 4 hour range.
From 20th March we had 11 straight wins
1 Fail on 4th April.
5th April we had 4 wins
11th April Fail.
12th April 5 wins.
22nd April fail
23rd April 13 wins
10th & 13th May fail.

Dont forget with the right stats I will compound and trade retrace to gain extra points.
As long as I have 25% after 5 trade days I do not care.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,396
  • May 15, 2019 5:29am May 15, 2019 5:29am
Some info on Micro Futures:
https://www.cmegroup.com/cme-group-f...o-futures.html

https://www.elitetrader.com/et/threa...so-far.332313/

https://www.elitetrader.com/et/threa...7#post-4859811

https://www.ft.com/content/d471210c-...b-5c68069fbd15

Hope this helps.
every Saint has a past. Every Sinner has a Future
  • #41,397
  • May 15, 2019 5:43am May 15, 2019 5:43am
Quoting RieseP
{quote} I fully understand billy. I’m just trying to come up with a strategy based on small capital that would be sustainable. I’m leaving my job soon and would like to trade full-time which is a challenge as we all know if your not prepared then say goodbye to money.. thanks mate
Hi R, some of my posts may sound negative and if so I apologise.
i have lost a lot of money in the past and a dream is quite hard at times.
Most of my life I am aware of stats, I won't do the Lottery as the odds of winning anything decent is very low.

i made most of my money compounding many years ago, this was well before the ridiculous margin rates.
with the new margin rates it is almost impossible to do this with success.
As Lem pointed out but actually got time wrong lol,
i did Trade A/U on the 04-00. 4 hour bar i.e. 4 to 8 then U.K. Opened, this was good but rather slow, hence why it is good.
At the moment Cable is best due to volatility but last few weeks have been fun
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,398
  • May 15, 2019 6:24am May 15, 2019 6:24am
Quoting claudia1
No trade last night due to low range. @ Hickson - have added EG again 00.00 - 04.00 break.
Probably will join you next week. Looks like tech problems sorted. What made you quit EG before?
Fix up, trade sharp ...
  • #41,399
  • May 15, 2019 6:38am May 15, 2019 6:38am
Quoting Hickson
{quote} Probably will join you next week. Looks like tech problems sorted. What made you quit EG before?
No real reason. Just went back to AJ.
  • #41,400
  • May 15, 2019 6:46am May 15, 2019 6:46am
Quoting billytt
{quote} Hi R, some of my posts may sound negative and if so I apologise. i have lost a lot of money in the past and a dream is quite hard at times. Most of my life I am aware of stats, I won't do the Lottery as the odds of winning anything decent is very low. i made most of my money compounding many years ago, this was well before the ridiculous margin rates. with the new margin rates it is almost impossible to do this with success. As Lem pointed out but actually got time wrong lol, i did Trade A/U on the 04-00. 4 hour bar[/highlight]...
Ah, that's right - sorry Billy. I'll edit that post. Cheers.
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