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Billytt Die happy trading e/j daily breakout

  • #44,841
  • Oct 9, 2019 7:15am Oct 9, 2019 7:15am
Quoting claudia1
{quote} Talked about this with another member some time back and think it's a good idea as the title is misleading. I would simply call it 'Billy's Thread' as there's more to it than the 15 min bar - I think Dax gets the most posts ! See what Billy, Lem and others think but it would be easily changed - quick mail from William to Twee. Got to be careful though as it shouldn't really be in commercial - if some mod starts looking he might shift it to the main forum. You know what happens then.
I think T just meant the method could work as well on the EJ chart 15 min bar instead of the Cable one, nothing to do with changing the thread name.

No matter what, I would - for what it has to do with me, ultimately - prefer to stay out here in the commercial boondocks away from the rabid morons that infest the regular boards.

Billy's Cabin in the Woods. Sounds good to me.

Or Billy's Rest Home for Retired Gnomes.

Or not.
  • #44,842
  • Oct 9, 2019 7:18am Oct 9, 2019 7:18am
Quoting lemercenaire
{quote} I think T just meant the method could work as well on the EJ chart 15 min bar instead of the Cable one, nothing to do with changing the thread name. No matter what, I would - for what it has to do with me, ultimately - prefer to stay out here in the commercial boondocks away from the rabid morons that infest the regular boards. Billy's Cabin in the Woods. Sounds good to me. Or Billy's Rest Home for Retired Gnomes. Or not.
Maybe misunderstood.
  • #44,843
  • Oct 9, 2019 8:19am Oct 9, 2019 8:19am
Quoting Hickson
{quote} Sorry to hear ... hope you are well.
And thanks for that H.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,844
  • Oct 9, 2019 8:23am Oct 9, 2019 8:23am
Quoting lemercenaire
{quote} I think T just meant the method could work as well on the EJ chart 15 min bar instead of the Cable one, nothing to do with changing the thread name. No matter what, I would - for what it has to do with me, ultimately - prefer to stay out here in the commercial boondocks away from the rabid morons that infest the regular boards. Billy's Cabin in the Woods. Sounds good to me. Or Billy's Rest Home for Retired Gnomes. Or not.
I hear an owl at night, see deer and pheasants in the day and all is peaceful until I fire up the bike.
The pheasants come from a nearby meadow.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,845
  • Oct 9, 2019 10:25am Oct 9, 2019 10:25am
Quoting lemercenaire
{quote} I think T just meant the method could work as well on the EJ chart 15 min bar instead of the Cable one, nothing to do with changing the thread name. No matter what, I would - for what it has to do with me, ultimately - prefer to stay out here in the commercial boondocks away from the rabid morons that infest the regular boards. Billy's Cabin in the Woods. Sounds good to me. Or Billy's Rest Home for Retired Gnomes. Or not.
Just seen this.........Apologies for any misunderstanding; I simply floated an idea to temporarily trade E/J, instead of cable, whilst the Brexit fiasco is in progress - then revert back to cable when Brexit is sorted ( if ever).
(No gnomes were hurt whilst writing this report.)
every Saint has a past. Every Sinner has a Future
  • #44,846
  • Oct 9, 2019 11:46am Oct 9, 2019 11:46am
Quoting billytt
{quote} I hear an owl at night, see deer and pheasants in the day and all is peaceful until I fire up the bike. The pheasants come from a nearby meadow.
I was day dreaming about learning to fly a light aircraft and found this fixed wing microlight, average 30k - forget that.

Then I thought Mrs T and I could fly off on one of these to France. But I think we would simply end up in the channel.

Reading up on aircraft ownership I get the impression it would be better to fly first class, as a treat, to various locations.
Attached Images
every Saint has a past. Every Sinner has a Future
  • #44,847
  • Oct 9, 2019 11:50am Oct 9, 2019 11:50am
Quoting billytt
{quote} I hear an owl at night, see deer and pheasants in the day and all is peaceful until I fire up the bike. The pheasants come from a nearby meadow.
Trade the bike in Billy for a cheap jet

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #44,848
  • Oct 9, 2019 12:12pm Oct 9, 2019 12:12pm
Quoting turnip15
{quote} Just seen this.........Apologies for any misunderstanding; I simply floated an idea to temporarily trade E/J, instead of cable, whilst the Brexit fiasco is in progress - then revert back to cable when Brexit is sorted ( if ever). (No gnomes were hurt whilst writing this report.)
Could be a good idea. GBP is a bit of a volatile mess at times. Between EJ & UCAD things might be a bit easier...
Ray
  • #44,849
  • Oct 9, 2019 12:24pm Oct 9, 2019 12:24pm
Quoting fxray
{quote} Could be a good idea. GBP is a bit of a volatile mess at times. Between EJ & UCAD things might be a bit easier... Ray
Except for the fact that the choice of Cable isn't random and is instead based on Billy's extensive frequency distribution stats. There are no such stats for EJ or UC, or if there are, they don't stand up to the method's stress test.
  • #44,850
  • Oct 9, 2019 12:27pm Oct 9, 2019 12:27pm
Quoting fxray
{quote} Could be a good idea. GBP is a bit of a volatile mess at times. Between EJ & UCAD things might be a bit easier... Ray
... but it is exactly what we need - a volatile currency :-)

I use 00-00 4 hour bar and 08-00 15 minute bar break with EURUSD (in direction of positive swap, so SELL only) now for about 5 months.

regards
Mucky
  • #44,851
  • Oct 9, 2019 12:51pm Oct 9, 2019 12:51pm
Quoting lemercenaire
{quote} Except for the fact that the choice of Cable isn't random and is instead based on Billy's extensive frequency distribution stats. There are no such stats for EJ or UC, or if there are, they don't stand up to the method's stress test.
Thanks Lem, makes sense, thanks for your knowledge

Ray
  • #44,852
  • Oct 9, 2019 1:04pm Oct 9, 2019 1:04pm
Quoting fxray
{quote} Thanks Lem, makes sense, thanks for your knowledge Ray
No worries. I wasn't getting at you at all, sorry if it came across as rather blunt.
It's just worthwhile reminding others (and ourselves sometimes) that Billy's stats are what give us the edge.

As for volatility - great news for us when we are looking at being happy with a target of +5. Even an average head fake will travel that far most of the time and then even if it doesn't, those stats come into play again and if we do indeed have increased volatility, then that gives us even more confidence that we are getting the long run on the reverse.
  • #44,853
  • Oct 9, 2019 1:08pm Oct 9, 2019 1:08pm
Quoting fxray
{quote} Thanks Lem, makes sense, thanks for your knowledge Ray
If GBP pairs are a concern - for obvious reasons - maybe have a look at something safer such as gold. I follow it and I know Lem does. Just a thought.
  • #44,854
  • Oct 9, 2019 1:19pm Oct 9, 2019 1:19pm
Quoting lemercenaire
{quote} No worries. I wasn't getting at you at all, sorry if it came across as rather blunt. It's just worthwhile reminding others (and ourselves sometimes) that Billy's stats are what give us the edge. As for volatility - great news for us when we are looking at being happy with a target of +5. Even an average head fake will travel that far most of the time and then even if it doesn't, those stats come into play again and if we do indeed have increased volatility, then that gives us even more confidence that we are getting the long run on the reverse....
Alls fine Lem. I'm probably thinking elsewhere as having been doing ok for a few months the last 2 weeks have been rubbish. Combination of brexit and business distractions. Lesson learnt..only trade when fully focussed.

Ray
  • #44,855
  • Oct 9, 2019 1:20pm Oct 9, 2019 1:20pm
Quoting claudia1
{quote} If GBP pairs are a concern - for obvious reasons - maybe have a look at something safer such as gold. I follow it and I know Lem does. Just a thought.
Thanks Claudia, never looked at gold but will check it out.
Ray
  • #44,856
  • Edited 5:51pm Oct 9, 2019 5:33pm | Edited 5:51pm
Quoting claudia1
Broke the 15 min range posted earlier. Has it found support with three attempts to go lower ? Still saying 10 a good target but ......... might as well ask a gnome. Lem - one good thing is it has had a relatively low daily range (so far) following yesterday's big move. Maybe there is some logic in it somewhere. {image}
Sticking with that. Anything could happen on the way and probably will ...

Got a little open position long from 8150 yesterday and will sit it out - guess that's the only way to understand this thing.

Edit: entered off area posted yesterday saw as support. Was wrong as it dropped but going ok now.
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  • #44,857
  • Oct 10, 2019 12:39am Oct 10, 2019 12:39am
Quoting turnip15
Long, long ago, this thread started with the E/J. The 15 minute "Billy bar - cable" could be replaced by it in these uncertain "Brexit " times? Just a thought. {image}
Hi Mr T. I will make a separate post Re:- E/J and Billy Bar and will explain.
But it is possible to trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,858
  • Oct 10, 2019 12:43am Oct 10, 2019 12:43am
[quote=fxray;12550347]{quote} Could be a good idea. GBP is a bit of a volatile mess at times. Between EJ & UCAD things might be a bit easier... Ray[/quote
Hi Fxray. We need volatility BUT NOT WHIP.
Difficult to explain. But in a short time span up/ down movement is whip, but over a length of longer time it is Range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,859
  • Oct 10, 2019 1:07am Oct 10, 2019 1:07am
Quoting lemercenaire
{quote} No worries. I wasn't getting at you at all, sorry if it came across as rather blunt. It's just worthwhile reminding others (and ourselves sometimes) that Billy's stats are what give us the edge. As for volatility - great news for us when we are looking at being happy with a target of +5. Even an average head fake will travel that far most of the time and then even if it doesn't, those stats come into play again and if we do indeed have increased volatility, then that gives us even more confidence that we are getting the long run on the reverse....
Good post. As you know I dislike the term FAKE,
a head fake as Lem says will generate 1-20 points for example,
But it is the Frequency Distribution Stats which tell us the actual information.,
So in my case my stats will say I have 80/90% of making 10 points, BUT I DON'T, I make better odds and take 5 points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,860
  • Oct 10, 2019 1:10am Oct 10, 2019 1:10am
Cable. 00-00 4 hour bar.
High broke and so far nothing. I am not trading it but will trade if the Low breaks and maybe retrace trade.
i am not looking at anything else.
08-00 15 minute bar break is my standard trade.
Trade well all. t 07-10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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