Billytt Die happy trading e/j daily breakout | Page 2085 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #41,681
  • May 23, 2019 2:40am May 23, 2019 2:40am
Quoting tomthepoppop
Lem USD/CAD gave me my 6pips on the DZ today.{image}
Hi Tom, good to see you - and sorry, I had missed your post there. Good call on the DZ though. Good old UC
  • #41,682
  • May 23, 2019 2:45am May 23, 2019 2:45am
Quoting claudia1
https://www.youtube.com/watch?v=qzKjMm0IuMU
Have you heard Annie Lennox' first solo album? Diva. Absolutely brilliant.

Scarily, I have just checked it to go stick it on and see that it came out - and I bought it new - in 1992. Just around the time I was going back and forward to the US and Canada playing football and climbing steep stuff, lol.

Seems like yesterday and a hundred years ago all at the same time!
  • #41,683
  • May 23, 2019 2:52am May 23, 2019 2:52am
Quoting lemercenaire
{quote} Have you heard Annie Lennox' first solo album? Diva. Absolutely brilliant. Scarily, I have just checked it to go stick it on and see that it came out - and I bought it new - in 1992. Just around the time I was going back and forward to the US and Canada playing football and climbing steep stuff, lol. Seems like yesterday and a hundred years ago all at the same time!
Great Album Lem, music is a time machine for sure, transports you in a Flash. How cool is that. . I take it you swapped jumping off mountain peaks to fight the Monster, he he .
Attached Image
  • #41,684
  • May 23, 2019 2:53am May 23, 2019 2:53am
Talk about pushing your luck.

A really, REALLY, cheeky short.

Price has gone back into the cloud but I thought I would get one more drop out of it...

I did...but, lucky, lucky, lucky star...

DAX 1-min +4

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  • #41,685
  • May 23, 2019 2:55am May 23, 2019 2:55am
Quoting lemercenaire
Talk about pushing your luck. A really, REALLY, cheeky short. Price has gone back into the cloud but I thought I would get one more drop out of it... I did...but, lucky, lucky, lucky star... DAX 1-min +4 {image}
How lucky, you ask?

Oh...veeeeeeerrrrrryyyyyyyyy!

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That is one bear that has been well and truly poked!
  • #41,686
  • May 23, 2019 3:03am May 23, 2019 3:03am
Another quickie.

This one a real hit-and-run job. Dangerous waters.

DAX 1-min +2.5

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  • #41,687
  • May 23, 2019 3:11am May 23, 2019 3:11am
Managed to fumble the screenshot but dropped another +6.7 in off of this move back out of the cloud.

DAX 1-min +6.7

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  • #41,688
  • May 23, 2019 3:17am May 23, 2019 3:17am
The magic number today, it seems, as another +6.7 goes in...

DAX 1-Min +6.7

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Should have held it longer, lol.

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Am I complaining? Naaaahhhh!
  • #41,689
  • May 23, 2019 3:19am May 23, 2019 3:19am
Great trading Lem, I wish I could share the day here, but I am off out over to Sale to meet my Daughter for the day, best take my wallet, he he. Trade well guys, thanks again Lem. Pip.
  • #41,690
  • May 23, 2019 3:22am May 23, 2019 3:22am
Momo...you gotta' love it.

DAX 1-min +4.5

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Should have held that one longer as well
  • #41,691
  • May 23, 2019 3:24am May 23, 2019 3:24am
Quoting Pipradar
Great trading Lem, I wish I could share the day here, but I am off out over to Sale to meet my Daughter for the day, best take my wallet, he he. Trade well guys, thanks again Lem. Pip.
Have a great day out, Pips. Say hi to the daughter - I'm sure she'll go easy on the wallet
  • #41,692
  • May 23, 2019 3:34am May 23, 2019 3:34am
Quoting lemercenaire
{quote} Have a great day out, Pips. Say hi to the daughter - I'm sure she'll go easy on the wallet
Hey Lem....what is your average loss or DD with such small TP's....i was trying your style this morning ...had quite some fun! bagged many small trades.... 8 trades 2 losers.... took 30 pips
  • #41,693
  • May 23, 2019 3:36am May 23, 2019 3:36am
Right, one last flourish to finish off the morning for me - getting tired now.

As far as final flings go, this one was a doozy!

DAX 1-min +12 +6.5 [+18.5]

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  • #41,694
  • May 23, 2019 3:45am May 23, 2019 3:45am
Quoting Patje
{quote} Hey Lem....what is your average loss or DD with such small TP's....i was trying your style this morning ...had quite some fun! bagged many small trades.... 8 trades 2 losers.... took 30 pips
I have a Dead-Man's stop of -10 but it never gets over -5 in the vast majority of cases as I will rather close it and go back in. Remember, I am playing momo (momentum), so I very, very, rarely will get any kind of move against me.

I will also know exactly what the 5-min landscape looks like when it comes to knowing how much room I have to breath.

if I have had a small pull back against me, I will add another trade onto the original and be prepared to go half the distance on each, just in case the pull back was a precursor to a full turn.

As for losses - well, I haven't had one this week.

What you see here is what I got.
  • #41,695
  • May 23, 2019 3:47am May 23, 2019 3:47am
Quoting Patje
{quote} Hey Lem....what is your average loss or DD with such small TP's....i was trying your style this morning ...had quite some fun! bagged many small trades.... 8 trades 2 losers.... took 30 pips
Oh and the tp sizes are immaterial - I am going in really heavy on these trades. I don't need many
  • #41,696
  • May 23, 2019 3:50am May 23, 2019 3:50am
Quoting lemercenaire
{quote} Oh and the tp sizes are immaterial - I am going in really heavy on these trades. I don't need many
yeah that's nice... its not about pips i know....i will play a bit with it next days .....thanks for your response....
  • #41,697
  • May 23, 2019 3:51am May 23, 2019 3:51am
Quoting lemercenaire
{quote} What you see here is what I got.
Great trading Lem, can i ask what candle stick patterns, if any you put your money on and those you dont?
thank you

Greg
  • #41,698
  • May 23, 2019 3:57am May 23, 2019 3:57am
Quoting Patje
{quote} yeah that's nice... its not about pips i know....i will play a bit with it next days .....thanks for your response....
It's all horse-for-courses, buddy. You did great on your first dip, well done.

This style of micro-scalping suits me to a T but I know it's not for everyone. If I want to go in longer term (maybe a couple of minutes ) then I use a slightly different technique. Same DNA, just tweaked to suit the longer hold-time.
  • #41,699
  • May 23, 2019 4:02am May 23, 2019 4:02am
Right, I am off for a bit.

Over the course of the morning, the bag was:

DAX

+5.5 +2.5 +7.5 +4 +2.5 +6.7 +6.7 +4.5 +12 +6.5

Total on the Day: +58.4
  • #41,700
  • May 23, 2019 4:05am May 23, 2019 4:05am
Quoting lemercenaire
{quote} It's all horse-for-courses, buddy. You did great on your first dip, well done. This style of micro-scalping suits me to a T but I know it's not for everyone. If I want to go in longer term (maybe a couple of minutes ) then I use a slightly different technique. Same DNA, just tweaked to suit the longer hold-time.
I should also add, that this kind of thing I do here, is specifically suited to The DAX and again, I will look to tweak things a little if running it on anything else. It works fine, you just need to be aware.
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