Billytt Die happy trading e/j daily breakout | Page 2355 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #47,081
  • Feb 5, 2020 10:29am Feb 5, 2020 10:29am
Yaaaaaaaaaaaaaay Kevin, how are you bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,082
  • Feb 5, 2020 10:58am Feb 5, 2020 10:58am
Quoting stevepatt
I hope everyone is having a good Trading day? Just taken a Long Trade on Dax went Long at 13450.0 Half Number Result +20 Pips +2% Very liberating to be Trading without worrying about Return to Risk Factor. {image} {image}
Risk:Reward is one of the most vastly overrated aspects of trading. Strike rate is hugely more important. Strike rate and risk control.
  • #47,083
  • Feb 5, 2020 11:04am Feb 5, 2020 11:04am
Quoting lemercenaire
{quote} Risk:Reward is one of the most vastly overrated aspects of trading. Strike rate is hugely more important.
Hi Lem,

I've started to get my head around that aspect of my Trading.

I've been far too concerned with the R Factor instead of concentrating on my ability to get Direction Correct.
  • #47,084
  • Feb 5, 2020 11:10am Feb 5, 2020 11:10am
All this talk of risk factors......in my world thats ir curve, equity market data, fx vols, bond curves etc!
  • #47,085
  • Feb 5, 2020 11:18am Feb 5, 2020 11:18am
Quoting lemercenaire
{quote} Risk:Reward is one of the most vastly overrated aspects of trading. Strike rate is hugely more important. Strike rate and risk control.
I agree that's important to see the whole picture.... A 99% win rate with a terrible rr still can make some good dough.... The most important thing is that it fits your personality.... And controlling your mm.... But there are a few geniuses in this thread... Who master the concept of money management....
  • #47,086
  • Feb 5, 2020 11:22am Feb 5, 2020 11:22am
Quoting Patje
{quote} I agree that's important to see the whole picture.... A 99% win rate with a terrible rr still can make some good dough.... The most important thing is that it fits your personality.... And controlling your mm.... But there are a few geniuses in this thread... Who master the concept of money management....
Indeed - and that's why I say that you must master risk control as well.

I am of course speaking most specifically here about our kind of scalping.
  • #47,087
  • Feb 5, 2020 11:28am Feb 5, 2020 11:28am
Quoting lemercenaire
{quote} Indeed - and that's why I say that you must master risk control as well. I am of course speaking most specifically here about our kind of scalping.
read a blog u mentioned over in the other place, lococo or something.....interesting read. Put some of it in practice today actually.....went bigger lot size scalping and just never let it go red (apart from the odd one or two out of my control).....struck about 85% win rate, but fair to say some of those were only 1-3 pips!
  • #47,088
  • Feb 5, 2020 11:53am Feb 5, 2020 11:53am
Quoting Jp1
{quote} read a blog u mentioned over in the other place, lococo or something.....interesting read. Put some of it in practice today actually.....went bigger lot size scalping and just never let it go red (apart from the odd one or two out of my control).....struck about 85% win rate, but fair to say some of those were only 1-3 pips!
When you are scalping at its purest, you have to think like a human version of a computerised hft and how many pips do you think they are going for at a time?
  • #47,089
  • Feb 5, 2020 12:17pm Feb 5, 2020 12:17pm
Quoting lemercenaire
{quote} When you are scalping at its purest, you have to think like a human version of a computerised hft and how many pips do you think they are going for at a time?
... most of the time only some points - not pips :-)
  • #47,090
  • Feb 5, 2020 12:41pm Feb 5, 2020 12:41pm
Quoting billytt
Yaaaaaaaaaaaaaay Kevin, how are you bud.
Hi Billytt
I'm fine thanks.
Hope you are too
  • #47,091
  • Feb 5, 2020 12:50pm Feb 5, 2020 12:50pm
Quoting Mucky
{quote} ... most of the time only some points - not pips :-)
So long as they're green coloured, who cares
  • #47,092
  • Feb 5, 2020 1:28pm Feb 5, 2020 1:28pm
Very close to the 10 with nutcoin. It will get there soon can't say it isn't trying.
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  • #47,093
  • Feb 6, 2020 2:11am Feb 6, 2020 2:11am
'Morning all.

Straightforward set-up for me this morning and stuck with it without even looking for alternatives.

Double-Tap Short off the Cam-Level.

(I have no idea why this has printed as green!!!)

DAX 15-min +8 +8.5 [+16.5]

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  • #47,094
  • Feb 6, 2020 2:15am Feb 6, 2020 2:15am
Morning Guys, Grabbed a cheeky 5 points with North bound Micro momentum 1 min chart All done. Good hunting, time for Tea and toast me thinks.
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  • #47,095
  • Feb 6, 2020 2:18am Feb 6, 2020 2:18am
Quoting Pipradar
Morning Guys, Grabbed a cheeky 5 points with North bound Micro momentum 1 min chart All done. Good hunting, time for Tea and toast me thinks. {image}
Tea and toast sounds like a grand idea to me!
  • #47,096
  • Feb 6, 2020 2:19am Feb 6, 2020 2:19am
L.O.L. YA GOTTA LOVE IT OR HATE IT ha ha The Monster coils back in to the Den Love it.
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  • #47,097
  • Feb 6, 2020 2:22am Feb 6, 2020 2:22am
That's The DAX at a significant level now (13598), so will bang its head for a while as it makes up its mind what to do next, no doubt.
  • #47,098
  • Feb 6, 2020 2:22am Feb 6, 2020 2:22am
Quoting lemercenaire
{quote} Tea and toast sounds like a grand idea to me!
There's more than enough to go round if your passing this way Lem, take care buddy.
  • #47,099
  • Feb 6, 2020 2:48am Feb 6, 2020 2:48am
Took a mean-reversion play before I headed round to Pips' Tea-and-Toast Shoppe and was worth the diversion...

DAX 1-min Mean Reversion +8.5 +10.5 [+19]

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  • #47,100
  • Feb 6, 2020 2:58am Feb 6, 2020 2:58am
Don't know if I would have taken anything to do with The Billy-Bar today but the Not-The-Billy-Bar would have been of some interest in combination with a bounce out of Demand and up into a WZ move Long.

Would have been...is all though, as not actually traded by me.

Playing the Billy-Bar straight, price hasn't actually broken either side yet.
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