Billytt Die happy trading e/j daily breakout | Page 2244 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #44,861
  • Oct 10, 2019 1:50am Oct 10, 2019 1:50am
[quote=billytt;12551427]
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[/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.
Thanks Billy. Looking back, trying to trade with outside distractions it looks like I'd forgotten about the size of the bar closing at 8:00am and was forciing some trades on too big a range...slap my hand, won't do it again.

Ray
  • #44,862
  • Oct 10, 2019 1:53am Oct 10, 2019 1:53am
'Morning, folks.

Played off something a bit different this morning. Still Pre-KO. Used Camarilla Levels (yep, another kind of line-in-the-sand) and took an easy drop off of the H3 level.

DAX Camarilla H3 Short Pre-KO +5.9 +8.4 +9.1 [+23.4]

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Cams-PreKO-OffH3Short10thOct19for+5.9+8.4+9.1.png Size: 32 KB
  • #44,863
  • Oct 10, 2019 1:54am Oct 10, 2019 1:54am
[quote=fxray;12551516]
Quoting billytt
{quote} Thanks Billy. Looking back, trying to trade with outside distractions it looks like I'd forgotten about the size of the bar closing at 8:00am and was forciing some trades on too big a range...slap my hand, won't do it again. Ray
Somtimes the big range bar is difficult.
Difficult as in you need the bank.
i tend to leave big Range bars, just as well they are not frequent.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,864
  • Oct 10, 2019 1:58am Oct 10, 2019 1:58am
[quote=billytt;12551524]
Quoting fxray
{quote} Somtimes the big range bar is difficult. Difficult as in you need the bank. i tend to leave big Range bars, just as well they are not frequent.
I've been trading the 08-15 bar with the parameters of 13 pip minimum range and 20 pip maximum range. Is this too tight? I keep it tighter since I have a smaller bank roll. My stats that I have from the past also show those are the most profitable ranges anyways. I must also admit I do not counter. I just set a SL and take the Loss and move on to the next days trigger and sometimes I double the lot size to help recover the loss faster.
  • #44,865
  • Oct 10, 2019 2:15am Oct 10, 2019 2:15am
For those of you trading GBP. We have a lot of Red News coming out in about 1hr 15min from now. And then Carney speaks 1 hour after that. We should get all the volatility we need later if we happen to be chasing the Modest Daily Range.
  • #44,866
  • Oct 10, 2019 2:33am Oct 10, 2019 2:33am
[quote=bojack34;12551540]
Quoting billytt
{quote} I've been trading the 08-15 bar with the parameters of 13 pip minimum range and 20 pip maximum range. Is this too tight? I keep it tighter since I have a smaller bank roll. My stats that I have from the past also show those are the most profitable ranges anyways. I must also admit I do not counter. I just set a SL and take the Loss and move on to the next days trigger and sometimes I double the lot size to help recover the loss faster.
That is good Bo, hope you are ok.

i will drop my minimum bar to 8 and go up high to 28. As a guide.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,867
  • Oct 10, 2019 2:34am Oct 10, 2019 2:34am
[quote=bojack34;12551540]
Quoting billytt
{quote} I've been trading the 08-15 bar with the parameters of 13 pip minimum range and 20 pip maximum range. Is this too tight? I keep it tighter since I have a smaller bank roll. My stats that I have from the past also show those are the most profitable ranges anyways. I must also admit I do not counter. I just set a SL and take the Loss and move on to the next days trigger and sometimes I double the lot size to help recover the loss faster.
Good to see you, stranger! Glad you're still making hay.

Are you still also running your take on the AU H4 play? (Only taking the retrace after a fail).
  • #44,868
  • Oct 10, 2019 2:36am Oct 10, 2019 2:36am
The Not-The-Billy-Bar made the +5 on a break North.

The Billy-Bar is having a harder time of it. I have taken a WZ Short to cover the fail of the Short break. This is in clear profit as I type and I could close if I wanted to play safe (or bank the WZ profit and leave the original to play out). Decisions...decisions...lol.
  • #44,869
  • Oct 10, 2019 2:43am Oct 10, 2019 2:43am
Cable. 08-00 15 minute bar break.
Low broke then reverse up, We can trade. Retrace trade. I am already short.
Lets see.

Trade well all.
t 08-43
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,870
  • Oct 10, 2019 2:44am Oct 10, 2019 2:44am
Quoting lemercenaire
The Not-The-Billy-Bar made the +5 on a break North. The Billy-Bar is having a harder time of it. I have taken a WZ Short to cover the fail of the Short break. This is in clear profit as I type and I could close if I wanted to play safe (or bank the WZ profit and leave the original to play out). Decisions...decisions...lol.
Just checked - and as a coincidence, that WZ Short is also a play off the Camarilla H3.
  • #44,871
  • Oct 10, 2019 2:47am Oct 10, 2019 2:47am
Quoting lemercenaire
{quote} Just checked - and as a coincidence, that WZ Short is also a play off the Camarilla H3.
Closed that WZ Short for +6 and-a-bit.

In again off a pivot level.

Fun-Fun-Fun!
  • #44,872
  • Oct 10, 2019 3:10am Oct 10, 2019 3:10am
Dax
Failed Long and Short and Good Long and short
Attached Image (click to enlarge)
Click to Enlarge Name: ThursDAX.png Size: 283 KB
every Saint has a past. Every Sinner has a Future
  • #44,873
  • Oct 10, 2019 3:20am Oct 10, 2019 3:20am
[quote=lemercenaire;12551636]
Quoting bojack34
{quote} Good to see you, stranger! Glad you're still making hay. Are you still also running your take on the AU H4 play? (Only taking the retrace after a fail).
No I don't run the 2nd trigger only on AU 04-00 anymore. Due to Billy's stats and the results from the 08-15 bar I strictly trade that bar and I actually had an EA made using most of Billy's strategy....not exactly (no counter). Out of respect to Billy I don't post anything in the thread....however I do still stalk you guys and contintue to try to learn from Billy.
  • #44,874
  • Oct 10, 2019 3:24am Oct 10, 2019 3:24am
Quoting turnip15
Dax Failed Long and Short and Good Long and short {image}
Nice, T.

I missed all this upward easy move due to running The Billy-Bar. My call to do so, obviously but still mildly frustrating. Can't get 'em all, I guess!
  • #44,875
  • Oct 10, 2019 3:31am Oct 10, 2019 3:31am
[quote=bojack34;12551746]
Quoting lemercenaire
{quote} No I don't run the 2nd trigger only on AU 04-00 anymore. Due to Billy's stats and the results from the 08-15 bar I strictly trade that bar and I actually had an EA made using most of Billy's strategy....not exactly (no counter). Out of respect to Billy I don't post anything in the thread....however I do still stalk you guys and contintue to try to learn from Billy.
Attached Image
  • #44,876
  • Oct 10, 2019 3:36am Oct 10, 2019 3:36am
Quoting lemercenaire
{quote} Closed that WZ Short for +6 and-a-bit. In again off a pivot level. Fun-Fun-Fun!
Hi Lem. I can't see WZ short trade, based on the 8am bar?Hope all is well with you and everyone else here. Been lurking on and off for a while due to work lol.
  • #44,877
  • Oct 10, 2019 3:36am Oct 10, 2019 3:36am
Quoting lemercenaire
{quote} Nice, T. I missed all this upward easy move due to running The Billy-Bar. My call to do so, obviously but still mildly frustrating. Can't get 'em all, I guess!
Yes - I often try to watch several charts at the same time but always come back to staring at the Dax. One day I will have the smarts enough to mark up charts as I go rather than watch one and mark up as I go on that single item !!
But maybe that is the way to go. It's not the number of trades but the winning trades that count -less is more as per "Billy Bar" theory.
Often repeated but worth doing so again is the fact ( Billy stats.) that 5 posts is easier to repeatedly get than the big 30 pip run where losses can undo your discipline.
every Saint has a past. Every Sinner has a Future
  • #44,878
  • Oct 10, 2019 3:37am Oct 10, 2019 3:37am
Time to go. Mrs T is taking me to lunch via the shopping centre.
every Saint has a past. Every Sinner has a Future
  • #44,879
  • Oct 10, 2019 3:39am Oct 10, 2019 3:39am
Quoting billytt
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
Hi Billy. Both the low and high of the 8am bar have been broken this morning. Lots of indecision it would seem.
  • #44,880
  • Oct 10, 2019 3:40am Oct 10, 2019 3:40am
Quoting lemercenaire
{quote} Nice, T. I missed all this upward easy move due to running The Billy-Bar. My call to do so, obviously but still mildly frustrating. Can't get 'em all, I guess!
Added another +4 off the top edge. Still well in profit overall and happy to keep surfing the zone till I see if the original eventually clears. Hey, what else is there to do, it's raining out, lol.
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