Billytt Die happy trading e/j daily breakout | Page 2324 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #46,461
  • Jan 20, 2020 6:00am Jan 20, 2020 6:00am
When you have a counter? How do you close the counter and how long can you have a counter running for?
  • #46,462
  • Jan 20, 2020 6:31am Jan 20, 2020 6:31am
Quoting billytt
{quote} Hi Mtacki,, I am testing the actual cable 00-00 4 hour break. At one time I only ever used it to correct a failed trade (The 08-00 15 minute bar break). I test trade cable, dax, ftse and usd/chf. We need plan B when trading this. Trade well. t 07-55
Not traded by me but look at FTSE. Dropped uniformly -less whip - as opposed to Dax -take a look at Dax yourself people.. Dax would have been okay for my approach but maybe US holiday had an effect. Thing is, I find anyway, it is usually better to stick to one instrument. Works for me anyway.
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every Saint has a past. Every Sinner has a Future
  • #46,463
  • Jan 20, 2020 6:58am Jan 20, 2020 6:58am
Quoting RieseP
When you have a counter? How do you close the counter and how long can you have a counter running for?
If you do a bit of reading, then you will find many occasions when Both Billy and I go into great detail about our respective variants of the countering method.

The thing to remember is that the counter is there to lock in the original ''bad'' trade, that is all. Once it is locked off, then you can leave it like that for ever. (Barring swaps), it will never get any bigger.

You then look to unwind that ''hedge'' trade with either the next full trigger or with any other method you choose. Billy will use retrace entries off (in the case of the 15 min GU trade, the Midnight H4 candle - imagine the WZ style that I use). On top of that, I use what eventually morphed into my Lightning Scalp. It All that matters is that you end up green at the end of the day. It is possible to green-up completely on both directions but that is not necessary.
  • #46,464
  • Jan 20, 2020 7:38am Jan 20, 2020 7:38am
And now for something completely different Lem.

Mrs T instructed me to put up some shelving in the hall cupboard:
Attached Image
every Saint has a past. Every Sinner has a Future
  • #46,465
  • Jan 20, 2020 7:39am Jan 20, 2020 7:39am
Quoting turnip15
And now for something completely different Lem. Mrs T instructed me to put up some shelving in the hall cupboard: {image}
Just tell her you're exercising your creative side!
  • #46,466
  • Jan 20, 2020 7:43am Jan 20, 2020 7:43am
Talking of something different...

I was waiting on a TS HOLO play but it wasn't getting there, however it did give me a rejection of the 23.6 level in there, so hey-ho, in-we-go...

DAX Short rejection of 23.6 Double-Dip for +4.8 +5 [+9.8]

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  • #46,467
  • Jan 20, 2020 7:54am Jan 20, 2020 7:54am
Got there in the end...

While I was writing the above, UC via The Dead Zone finally hit the +5 on the WZ move short (short bias).

Dead Zone UC Short Only +5

Attached Image (click to enlarge)
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Pretty stupid taking it really, considering the holiday but there ya' go. Even a dog can shake hands.

That's probably me done for the day but you never know.

Trade well, those who stick around.

Lunch for me!
  • #46,468
  • Jan 20, 2020 10:06am Jan 20, 2020 10:06am
Quoting RieseP
When you have a counter? How do you close the counter and how long can you have a counter running for?
Hi, I do believe Lem gave a concise explaination.

to counter, you need the bank roll to cover it.
Some people say, using a counter , you still lose.
To use a stop is ok but many traders use the wrong stop..
a counter can run for ever.
when I have positive points/pips in bank ,I close the counter.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,469
  • Jan 20, 2020 10:07am Jan 20, 2020 10:07am
Today was tricky at times, but it all came together....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,470
  • Jan 20, 2020 11:01am Jan 20, 2020 11:01am
Quoting billytt
Today was tricky at times, but it all came together....
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  • #46,471
  • Jan 20, 2020 11:46am Jan 20, 2020 11:46am
Quoting lemercenaire
{quote} {image}
yeah - but can he put up shelving ?
every Saint has a past. Every Sinner has a Future
  • #46,472
  • Jan 20, 2020 2:58pm Jan 20, 2020 2:58pm
Quoting billytt
{quote} Hi, I do believe Lem gave a concise explaination. to counter, you need the bank roll to cover it. Some people say, using a counter , you still lose. To use a stop is ok but many traders use the wrong stop.. a counter can run for ever. when I have positive points/pips in bank ,I close the counter.
Thanks Our Kid. You Must have Deep Pockets.
  • #46,473
  • Jan 20, 2020 2:59pm Jan 20, 2020 2:59pm
Quoting RieseP
{quote} Thanks Our Kid. You Must have Deep Pockets.
I suppose selling the pound is bonus with the bank roll. Wait the penny just dropped ...... the counters cancel out postive/ negative swap?
  • #46,474
  • Jan 20, 2020 4:57pm Jan 20, 2020 4:57pm
Quoting RieseP
{quote} I suppose selling the pound is bonus with the bank roll. Wait the penny just dropped ...... the counters cancel out postive/ negative swap?
hi, I could of explained better.
you need the bank roll to cover the counter's.
even with a penny account /micro account ,you need a substantial bank to cover,

as for deep pockets, yep you are right.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,475
  • Edited 11:35pm Jan 20, 2020 11:05pm | Edited 11:35pm
So here comes my attempt :-O
Break of Cable 4H 00-00 range
long
  • #46,476
  • Jan 21, 2020 12:07am Jan 21, 2020 12:07am
Quoting mtacki
So here comes my attempt :-O Break of Cable 4H 00-00 range long
same
  • #46,477
  • Jan 21, 2020 1:08am Jan 21, 2020 1:08am
Quoting BrokeCollege
{quote} same
same
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,478
  • Jan 21, 2020 1:09am Jan 21, 2020 1:09am
Cable.. 00-00 4 hour bar. range = 19. the adr =75 .(which is small
High broke and I am long.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,479
  • Jan 21, 2020 1:11am Jan 21, 2020 1:11am
Dax and ftse I am leaving today as most of the adr has gone, and trading conditions for me are not suitable.

usd/chf I will trade.
Trade well all.
t 07-11
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,480
  • Jan 21, 2020 1:18am Jan 21, 2020 1:18am
Just a quick one regarding COUNTER and bank roll.
My gf's account.
If I trade £1 per pip/point I need £433 , if trade goes negative it closes at approx. -216, SO I NEED A MASSIVE +BANK ROLL to accommodate.
Hope you follow.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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