Billytt Die happy trading e/j daily breakout | Page 2196 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #43,901
  • Aug 29, 2019 7:40am Aug 29, 2019 7:40am
At last a bit of action on the DAX - +14
Attached Image (click to enlarge)
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Everything should be made as simple as possible, but no simpler - Einstein
  • #43,902
  • Aug 29, 2019 7:42am Aug 29, 2019 7:42am
Quoting lemercenaire
{quote} We play Aber in the Uni American Football - to say there is no love lost between us, is the understatement of the year. They are not well liked around the country, lol.
It's a bit wild in West Wales!
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,903
  • Aug 29, 2019 7:52am Aug 29, 2019 7:52am
Quoting Davidh061
{quote} It's a bit wild in West Wales!
I was down there last summer for a long weekend, about as far South-West in Wales as you can get without falling off. I must say it is absolutely stunning countryside.
  • #43,904
  • Aug 29, 2019 7:56am Aug 29, 2019 7:56am
Quoting Davidh061
At last a bit of action on the DAX - +14 {image}
I took the ''Fake Short and then North'' route here instead!

It's still rollin' nicely...

USDCAD WZ through The Dead Zone.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1yep-fakeSouththenNorth29thaug19stillrollin.png Size: 48 KB


EDIT: Just locked in +15 as price is up at the H4 23.6 level now.
  • #43,905
  • Aug 29, 2019 8:00am Aug 29, 2019 8:00am
Hit +24. Locked in +24. Now at +31.
  • #43,906
  • Aug 29, 2019 8:01am Aug 29, 2019 8:01am
Quoting lemercenaire
{quote} I was down there last summer for a long weekend, about as far South-West in Wales as you can get without falling off. I must say it is absolutely stunning countryside.
Wonderful coastline, I live in North Wales, unfortunately the beauty of the coastline runs out a bit as it heads north.
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,907
  • Aug 29, 2019 8:02am Aug 29, 2019 8:02am
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  • #43,908
  • Aug 29, 2019 8:04am Aug 29, 2019 8:04am
Quoting Davidh061
{quote} Wonderful coastline, I live in North Wales, unfortunately the beauty of the coastline runs out a bit as it heads north.
Lol, yeah, my partner and her family landed in North Wales via Canada, after getting out of South Africa. The tales she tells...
  • #43,909
  • Aug 29, 2019 8:06am Aug 29, 2019 8:06am
Could get a Z-Line bounce.
  • #43,910
  • Aug 29, 2019 8:08am Aug 29, 2019 8:08am
I keep wondering why everything is going so slow - and then I remember I'm on the H1 tf, lol.
  • #43,911
  • Aug 29, 2019 8:11am Aug 29, 2019 8:11am
Right, this machine is annoying me with not-very-patient prompts that it needs to restart to install the latest W10 feature update, so I am going to bail for a bit. I need some fresh air anyway, getting stale here.

Watch out for them salties!

Back later.
  • #43,912
  • Aug 29, 2019 8:55am Aug 29, 2019 8:55am
Cable, is being annoying at 50 daily range,
This might be a 70 day range, so hopefully down for another 20. = 70 daily range. Let's see.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,913
  • Aug 29, 2019 9:20am Aug 29, 2019 9:20am
Quoting billytt
Cable, is being annoying at 50 daily range, This might be a 70 day range, so hopefully down for another 20. = 70 daily range. Let's see.
That brexit circus has to end. Yesterday was a good opportunity after the queen-intervene-posse. Meanwhile I think I will avoid it. But your daily BB setup after taking out H/L to chase the ADR might work if it finally moves again. Think that might be even more reliable than the first try for + 5. Did you not have even stats on that if I remember correctly?

Today could have totally skipped trading doing so. High broken, low not really, high broken a bit but choppy ..
Fix up, trade sharp ...
  • #43,914
  • Aug 29, 2019 9:40am Aug 29, 2019 9:40am
Quoting Hickson
{quote} That brexit circus has to end. Yesterday was a good opportunity after the queen-intervene-posse. Meanwhile I think I will avoid it. But your daily BB setup after taking out H/L to chase the ADR might work if it finally moves again. Think that might be even more reliable than the first try for + 5. Did you not have even stats on that if I remember correctly? Today could have totally skipped trading doing so. High broken, low not really, high broken a bit but choppy ..
Hi H. You can chase the Daily Range with any pair as you know.
Cable is best as is E/J, ( best movers). To have. 50 range is rare, 60 rare, 70 is more like it on a bad day. But 100 is more like it.
I just keep my eye on that 00-00 4 hour bar as an aid.
I haven't taken proper stats for ages but I have knowledge/ experience of movement.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,915
  • Aug 29, 2019 9:50am Aug 29, 2019 9:50am
Quoting billytt
{quote} Hi H. You can chase the Daily Range with any pair as you know. Cable is best as is E/J, ( best movers). To have. 50 range is rare, 60 rare, 70 is more like it on a bad day. But 100 is more like it. I just keep my eye on that 00-00 4 hour bar as an aid. I haven't taken proper stats for ages but I have knowledge/ experience of movement. Trade well
My point was just for those without big bank, they could try the second break solely for the huge RR. But it requires discipline, only few trades a week. Maybe some days not even one.
Fix up, trade sharp ...
  • #43,916
  • Aug 29, 2019 10:10am Aug 29, 2019 10:10am
Quoting Hickson
{quote} My point was just for those without big bank, they could try the second break solely for the huge RR. But it requires discipline, only few trades a week. Maybe some days not even one.
That's exactly what our old friend Bo (Bojack) did. He ran the AU H4 set up but deliberately let the first move go by. Should that then fail, he would then take the trade back the other way and chase the DR. Worked very, very well.

He could never get a handle on using counters (he was also US-based with all the anti-hedging rules that come with that) and so in effect simply took what would have been the counter trade as his main trade.

I could see that running it as a Wick Zone entry would have brought him more but he preferred to keep as close to the original method as possible (it had Billy's stats).
  • #43,917
  • Aug 29, 2019 10:52am Aug 29, 2019 10:52am
Quoting lemercenaire
{quote} That's exactly what our old friend Bo (Bojack) did. He ran the AU H4 set up but deliberately let the first move go by. Should that then fail, he would then take the trade back the other way and chase the DR. Worked very, very well. He could never get a handle on using counters (he was also US-based with all the anti-hedging rules that come with that) and so in effect simply took what would have been the counter trade as his main trade. I could see that running it as a Wick Zone entry would have brought him more but he preferred to keep as...
Yeah, you only need to figure out where to put the stops and when to exit. Anything else is hocus pocus. Then I think the trick is also skipping a lot of trades in summer where it will go sideways all day and take stops both sides.
Fix up, trade sharp ...
  • #43,918
  • Aug 29, 2019 12:24pm Aug 29, 2019 12:24pm
Hey guys and gal, been quite lately... Was busy trading and working but messed up today in the end, got greedy and didn't stick to the rules made 400% last week until I f*cked it up today..... Increased lot size to fast to compound and added to it.... Damn... Was so angry at myself.... Just start from the beginning still in plus by 2%....hope you all had a better day....
  • #43,919
  • Aug 29, 2019 1:28pm Aug 29, 2019 1:28pm
Quoting Patje
Hey guys and gal, been quite lately... Was busy trading and working but messed up today in the end, got greedy and didn't stick to the rules made 400% last week until I f*cked it up today..... Increased lot size to fast to compound and added to it.... Damn... Was so angry at myself.... Just start from the beginning still in plus by 2%....hope you all had a better day....
Flat, boring, quiet days are account killers. You can guarantee that anyone who has ever been guilty of over trading, it has been on days like this.

Once you've run your method and your time slot, even if you haven't found anything, if you can't trust yourself not to faff around, shut it down. Come on here and gab about music, the weather, horses, gnomes, whatever, just don't trade for the sake of it.

Go visit a garden centre if that floats yer boat.

You need to figure out a way to recognise when you are beginning to search for trades instead of the set-ups forming naturally. Try and force it and it will always, always, go wrong.

You're still green. So long as the lesson has been learned, it won't have been in vain. You've rocked it once, you can do so again.
  • #43,920
  • Aug 29, 2019 1:50pm Aug 29, 2019 1:50pm
Quoting lemercenaire
{quote} Flat, boring, quiet days are account killers. You can guarantee that anyone who has ever been guilty of over trading, it has been on days like this. Once you've run your method and your time slot, even if you haven't found anything, if you can't trust yourself not to faff around, shut it down. Come on here and gab about music, the weather, horses, gnomes, whatever, just don't trade for the sake of it. Go visit a garden centre if that floats yer boat. You need to figure out a way to recognise when you are beginning to search for trades instead...
Thanks lemercenaire for the kind response,.... I wish I was as solid and consistent as you, Billy, Claudia and mr T.... I think boredom and lack of targets, trading times, greed etc are the main factors off my failure.... Have to be more consistent..... You just know how to pick your trades....it's has been a struggle ever since but luckily I have been improving.... Need some time to review why this happened... For sure it had something to do with emotions..... Thanks everyone here.... Enjoying it being around here... Cheers
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