Billytt Die happy trading e/j daily breakout | Page 2161 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #43,201
  • Aug 6, 2019 2:05am Aug 6, 2019 2:05am
Something a wee bit different at KO...

UK100 +1 +3.5 +4 [+8.5]

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  • #43,202
  • Aug 6, 2019 2:18am Aug 6, 2019 2:18am
The UK100 seems, on the surface, to behave just like The DAX at the UK Open, throwing a bit of a tantrum and thrashing around on the floor a bit - however it really doesn't. Yes, The Monster can be a bit mad - ok, a whole lot of mad, lol - but here's the thing, once you get to know it, it's predictably mad, whereas these trades just posted, I really had to fly by the seat of my pants, as it just seemed to be making it up as it went along.

Once it settles, after this Open period, fair enough, it tends to become more stable but as for scalping the KO, I know which one I prefer.

Anyway, perhaps more by luck than design, it did work out ok.

UK100 1-min +3.7 +4.2 [+7.9]

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  • #43,203
  • Aug 6, 2019 2:35am Aug 6, 2019 2:35am
Back in my own back yard for a triple-dip before breakfast...

DAX 1-min +3.5 +4 +5 [+12.5]

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  • #43,204
  • Aug 6, 2019 2:36am Aug 6, 2019 2:36am
That'll do me for now. Feels like hard work this morning, no doubt due to me straying into other waters. Feels weird!

Anyway, time for breakfast.

Trade well all who stick around - if you're out there that is...seems awfully quiet in here the last couple of days!
  • #43,205
  • Aug 6, 2019 2:57am Aug 6, 2019 2:57am
OK, back for another taste - breakfast can wait for a mo...

DAX 1-min +2.5 +3.5 +4 [+10]

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  • #43,206
  • Aug 6, 2019 2:58am Aug 6, 2019 2:58am
Defo gone now ...
  • #43,207
  • Aug 6, 2019 3:37am Aug 6, 2019 3:37am
Quoting lemercenaire
Defo gone now ...
With you on that Lem - not a bad morning for once. Took the Dow cos dax was all over the place at KO and half hour after

EDIT
( First trade stopped out)
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every Saint has a past. Every Sinner has a Future
  • #43,208
  • Aug 6, 2019 3:41am Aug 6, 2019 3:41am
Quoting turnip15
{quote} With you on that Lem - not a bad morning for once. Took the Dow cos dax was all over the place at KO and half hour after EDIT ( First trade stopped out) {image}
The dax just drifted. I keep both charts open to try to spot movement. Afternoon is Dow and Russel 2000 for me.
Back later.
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every Saint has a past. Every Sinner has a Future
  • #43,209
  • Aug 6, 2019 6:07am Aug 6, 2019 6:07am
Quoting turnip15
{quote} The dax just drifted. I keep both charts open to try to spot movement. Afternoon is Dow and Russel 2000 for me. Back later. {image}
Hi T. Glad it wasn't just me having a grind in The Monster's wake. Very strange morning.

The Russ2K...I like to use that for long time frame trading but you know, very rarely for scalping. May have to rethink that and have another look. I had been using the HSI for kind of mid-length TF (15-min, 30-min) but the spread has been increased by my main broker recently and if it's permanent, I'll be dropping that.
  • #43,210
  • Aug 6, 2019 6:32am Aug 6, 2019 6:32am
As an aside, I have been tracking our Cap'n Billy's GU 15-min since he's been off doing his Grizzly Adams impersonation and guess what - it just keeps ticking away, churning out +5% after +5%. Probably one of - if not the - most underrated methods out there. If he's got some tame monkey out there running it for him, he's not going to need to trouble his bank manager any time soon.
  • #43,211
  • Aug 6, 2019 7:13am Aug 6, 2019 7:13am
Doing some tidy-up work on the computers and this fell into my lap...

DAX 1-min +3.5

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  • #43,212
  • Aug 6, 2019 7:20am Aug 6, 2019 7:20am
I bit too early on the first one but it was always going to go short, so happy to ride it out, stack on top and all-in still came good.

DAX 1-min Scratch +3 +3.5 +4 [+10.5]

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  • #43,213
  • Aug 6, 2019 7:24am Aug 6, 2019 7:24am
Dayuuuummmm!!!!

Too busy posting here and missed this.

I did pick up a small consolation with a +1 on the spike hunt. Better than nothing at all.

DAX 1-min Spike Hunt (long off the bottom of the spike) +1

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  • #43,214
  • Aug 6, 2019 7:56am Aug 6, 2019 7:56am
Quoting lemercenaire
Dayuuuummmm!!!! Too busy posting here and missed this. I did pick up a small consolation with a +1 on the spike hunt. Better than nothing at all. DAX 1-min Spike Hunt (long off the bottom of the spike) +1 {image}
Lem another question when and why you decide to take multiple positions?.... And what does this mean to your risk exposure?

You said once your max risk on dax is 10 pips..... What do you use on the Dow..? .. At those times 10 pips on the Dow is sometimes les as a centimeter....
  • #43,215
  • Aug 6, 2019 11:20am Aug 6, 2019 11:20am
Quoting Patje
{quote} Lem another question when and why you decide to take multiple positions?.... And what does this mean to your risk exposure? You said once your max risk on dax is 10 pips..... What do you use on the Dow..? .. At those times 10 pips on the Dow is sometimes les as a centimeter....
Hi Pat.

I am looking at jumping onto the back of momo (momentum) and so I am in effect ''testing the waters'' with the first entry and then if it immediately goes in my favour, I stack on top as soon as it goes and if it goes back against me, if I am confident in my opinion but have maybe just gone in too early in the pullback, I will add in at a better price, so it can look like I have done the same thing on different trades but it is not always so.

As for risk exposure, I treat every entry as a single stand alone trade. I always leave plenty of cash breathing room as I am in the very lucky situation of being able to trade a large account. If I am on a smaller account, then I will do as Billy does and transfer cash in if needed.

As for The DOW, my risk is always a cash amount so not always 10 pips as such...I'm not explaining this very well! How about this? When I am scalping, my Dead Man's stop will more often than not be The Lightning Cloud, or an opposite direction entry signal. That is the same no matter what instrument I am trading.

If there is a lot of room then I may counter briefly on the way back against my original entry.

I hope that makes some kind of sense.
  • #43,216
  • Aug 6, 2019 11:27am Aug 6, 2019 11:27am
An end-of-the-day play...

DAX 1-min +2.5

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  • #43,217
  • Aug 6, 2019 11:39am Aug 6, 2019 11:39am
Over to the US30...

US30 1-min +2 +10 +13 [+25]

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  • #43,218
  • Aug 6, 2019 11:51am Aug 6, 2019 11:51am
Into yet another different yard for some big bang for yer buck...

GBPCAD 1-min +2.7

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  • #43,219
  • Aug 6, 2019 12:06pm Aug 6, 2019 12:06pm
So all in today:

DAX +43

UK100 +16.4

US30 +25

GC +2.7
  • #43,220
  • Aug 6, 2019 7:15pm Aug 6, 2019 7:15pm
Quoting lemercenaire
As an aside, I have been tracking our Cap'n Billy's GU 15-min since he's been off doing his Grizzly Adams impersonation and guess what - it just keeps ticking away, churning out +5% after +5%. Probably one of - if not the - most underrated methods out there. If he's got some tame monkey out there running it for him, he's not going to need to trouble his bank manager any time soon.
Lem, do you mean London open first 15 min candle close and next 5 min candle? Thanks
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