Billytt Die happy trading e/j daily breakout | Page 2414 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #48,261
  • Apr 16, 2020 3:56am Apr 16, 2020 3:56am
Good evening.

I was thinking that the NTBB was every other bar other than the TBB? I could be wrong though.

I'll have to do some more reading to find out which one is the NTBB.

I left the SOUTH end of the GU GMT 00:00 alone earlier today and that seemed a good idea looking at it now.
I have gone NORTH on the AU GMT 04:00 break and will let it play out.
Empty your mind and let the market guide you
  • #48,262
  • Apr 16, 2020 4:09am Apr 16, 2020 4:09am
Cable 08-00 15 minute bar break,
The low did break as posted and finally got me the +5%.

Now have 66 range so far, now i can play yaaaaaaaaaaaaaaaaaaay
t 10-09
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #48,263
  • Apr 16, 2020 4:10am Apr 16, 2020 4:10am
Quoting SunnyCoast
Good evening. I was thinking that the NTBB was every other bar other than the TBB? I could be wrong though. I'll have to do some more reading to find out which one is the NTBB. I left the SOUTH end of the GU GMT 00:00 alone earlier today and that seemed a good idea looking at it now. I have gone NORTH on the AU GMT 04:00 break and will let it play out.
maybe you might find a totally different bar, a NTNTBB not the, not the bb lol

edit, oops, hope you are well. Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #48,264
  • Apr 16, 2020 4:28am Apr 16, 2020 4:28am
Quoting SunnyCoast
Good evening. I was thinking that the NTBB was every other bar other than the TBB? I could be wrong though. I'll have to do some more reading to find out which one is the NTBB. I left the SOUTH end of the GU GMT 00:00 alone earlier today and that seemed a good idea looking at it now. I have gone NORTH on the AU GMT 04:00 break and will let it play out.
NTBB is the M15 bar "prior" to TBB. I hope this helps. Trade well.
  • #48,265
  • Apr 16, 2020 4:35am Apr 16, 2020 4:35am
Quoting SunnyCoast
Good evening. I was thinking that the NTBB was every other bar other than the TBB? I could be wrong though. I'll have to do some more reading to find out which one is the NTBB. I left the SOUTH end of the GU GMT 00:00 alone earlier today and that seemed a good idea looking at it now. I have gone NORTH on the AU GMT 04:00 break and will let it play out.

Ughh full stop out on AUDUSD trade. Not the start I was looking for today. -20.
Empty your mind and let the market guide you
  • #48,266
  • Apr 16, 2020 4:35am Apr 16, 2020 4:35am
Quoting bojack34
{quote} NTBB is the M15 bar "prior" to TBB. I hope this helps. Trade well.
Thanks for that.
Empty your mind and let the market guide you
  • #48,267
  • Apr 16, 2020 5:00am Apr 16, 2020 5:00am
Was asked to put up a chart. Apologies for scruffy markings since I was marking up alternative method of using Ichi by dumping the cloud but it seems, so far, to keep me on side, but we will see.
Anyway - five trades consisting of two losers. (circled)
Attached Image (click to enlarge)
Click to Enlarge Name: Dax16Apr.png Size: 798 KB
every Saint has a past. Every Sinner has a Future
  • #48,268
  • Edited 5:25am Apr 16, 2020 5:07am | Edited 5:25am
Quoting SunnyCoast
{quote} Ughh full stop out on AUDUSD trade. Not the start I was looking for today. -20.
I've been following this thread for a while now and I've taken a bunch of notes. I've manually traded Billy's bars and i've had an EA made to trade them as well. I've spent a fair amount of time using this strategy. If you want my opinion, take it or leave it. I would stick with GU only. I would only trade the 00-00 H4 bar and the 08-15 M15 bar. You can play the 00-00 H4 bar how ever you want. I like to trade the 2nd trigger only on that bar. I personally use a SL but if you are so inclined, using a "hedge" trade to put your losers in "limbo" isn't a bad idea.....again, my opinion on that is, Only put in one hedge and just wait until the next day's trigger. Act as if it's a new day and new set of trades and that "limbo" trade doesn't even exist. Then start unwinding that bad trade. I hope this helps. Trade well sir!
  • #48,269
  • Apr 16, 2020 5:13am Apr 16, 2020 5:13am
Quoting bojack34
{quote} I've been following this thread for a while now and I've taken a bunch of notes. I've manually traded Billy's bars and i've had an EA made to trade them as well. I've spent a fair amount of time using this strategy. If you want my opinion, take it or leave it. I would stick with GU only. I would only trade the 04-00 H4 bar and the 08-15 M15 bar. You can play the 04-00 H4 bar how ever you want. I like to trade the 2nd trigger only on that bar. I personally use a SL but if you are so inclined, using a "hedge" trade to put your losers in "limbo"...
I think you hit the nail on the head for trading in general. Pick an approach and stick to it. You may find you alter it to suit you, but even if it means you sit on your hands often times , just waiting, it pays off. And if you trust Billy's stats. then you have even greater confidence. Good post B.
every Saint has a past. Every Sinner has a Future
  • #48,270
  • Apr 16, 2020 5:24am Apr 16, 2020 5:24am
Quoting bojack34
{quote} I've been following this thread for a while now and I've taken a bunch of notes. I've manually traded Billy's bars and i've had an EA made to trade them as well. I've spent a fair amount of time using this strategy. If you want my opinion, take it or leave it. I would stick with GU only. I would only trade the 04-00 H4 bar and the 08-15 M15 bar. You can play the 04-00 H4 bar how ever you want. I like to trade the 2nd trigger only on that bar. I personally use a SL but if you are so inclined, using a "hedge" trade to put your losers in "limbo"...
Excellent post Bo, Hope you are well.
Make the trade your own, my history is E/J daily, A/U 04-00 4 hr break and now cable 00-00 & 08-00 15 break.
I trade one method at a time and one pair,

But, getting back to fixing trades, this is where we differ because i have stats to fix and different bars to work off.
I only trade 00-00 break now because originally i used it to fix, same as the 04-00 4 hr, even right now i used to fix fails off a 2 hour bar.
Trade well , STAY SAFE
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #48,271
  • Apr 16, 2020 5:25am Apr 16, 2020 5:25am
Quoting billytt
{quote} Excellent post Bo, Hope you are well. Make the trade your own, my history is E/J daily, A/U 04-00 4 hr break and now cable 00-00 & 08-00 15 break. I trade one method at a time and one pair, But, getting back to fixing trades, this is where we differ because i have stats to fix and different bars to work off. I only trade 00-00 break now because originally i used it to fix, same as the 04-00 4 hr, even right now i used to fix fails off a 2 hour bar. Trade well , STAY SAFE
Im sorry I mispoke. I meant to say to stick to the 00-00 H4 candle with GU. NOT the 04-00 H4. Oops. I'll edit my original post
  • #48,272
  • Apr 16, 2020 5:34am Apr 16, 2020 5:34am
Really appreciate all the collective thoughts.

I have some really nice stats on the GU 00:00 and the AU 04:00 so those are the ones I've been trading. I'm yet to trade the TBB or the NTBB.

My exits and stops are perhaps very different to others but it looks like I might wear 2 losses on the head so a little rare one today perhaps.

I'm currently doing the numbers on locking down a losing trade as Bo mentioned.

Cheers
Empty your mind and let the market guide you
  • #48,273
  • Apr 16, 2020 5:55am Apr 16, 2020 5:55am
Quoting bojack34
{quote} I've been following this thread for a while now and I've taken a bunch of notes. I've manually traded Billy's bars and i've had an EA made to trade them as well. I've spent a fair amount of time using this strategy. If you want my opinion, take it or leave it. I would stick with GU only. I would only trade the 00-00 H4 bar and the 08-15 M15 bar. You can play the 00-00 H4 bar how ever you want. I like to trade the 2nd trigger only on that bar. I personally use a SL but if you are so inclined, using a "hedge" trade to put your losers in "limbo"...
when you say 2nd trigger.

- does that mean you wait price to return to the range and then when price exits again this what you call 2nd trigger?

thanks Riese
  • #48,274
  • Apr 16, 2020 6:02am Apr 16, 2020 6:02am
Quoting RieseP
{quote} when you say 2nd trigger. - does that mean you wait price to return to the range and then when price exits again this what you call 2nd trigger? thanks Riese
If price is going UP and breaks the Upper Trigger for Trade #1. I would wait for price to then FAIL (for me it's less than 20 pips) on the first attempt and then.....go back down through the "range" and then break the Lower Trigger for Trade #2. I personally like to wait for the 2nd trigger (trade #2). I don't have the bankroll that Billy does so I don't mind waiting for these set ups. They don't happen very often. Even less these days. That is why my main trade is the 08-15 GU trade. I guess I could add the first trigger on the 00-00 H4 bar with GU and only go for 10 pips TP and stick with a decent range. Hmmm...i'll give it a thought.
  • #48,275
  • Apr 16, 2020 6:04am Apr 16, 2020 6:04am
Furthermore could you say 10 pip stop-loss for a target of 20 on GU 4 Hour Bar. Not sure if would work on 8- 15 Bar. Would you trade the second break if meet on the 15 min Bar?
  • #48,276
  • Apr 16, 2020 6:11am Apr 16, 2020 6:11am
Quoting RieseP
Furthermore could you say 10 pip stop-loss for a target of 20 on GU 4 Hour Bar. Not sure if would work on 8- 15 Bar. Would you trade the second break if meet on the 15 min Bar?
I always use other side of range as my SL. I don't use the hedge strategy. I just take the SL and wait for tomorrow.
  • #48,277
  • Apr 16, 2020 6:15am Apr 16, 2020 6:15am
Quoting bojack34
{quote} I always use other side of range as my SL. I don't use the hedge strategy. I just take the SL and wait for tomorrow.
map would you say you play for ranges of 20 and less in order for it to work
  • #48,278
  • Apr 16, 2020 6:29am Apr 16, 2020 6:29am
Quoting RieseP
{quote} map would you say you play for ranges of 20 and less in order for it to work
Thats totally up to you. The bigger the range the more price can bounce up and down in between. Too small of a range and you can get whip, which would stop you out or trigger both trades if you're hedging. I think with my 08-15 bar I have a Min set to 10 and my max set to 25. I try to get 5 pips after spread. I risk 2%. I'll do you even one better. Here are my 2 templates along with all my indicators that I use. This is for the 00-00 H4 bar and the 08-15 m15 bar. The rest is up to you on how you trade it. Billy and Lem have explained things very well here though out the thread. Good Luck on your journey here. You picked a good thread. Great people here.

Attached File(s)
File Type: zip Billy Breakout Indicators and Templates.zip   348 KB | 281 downloads
  • #48,279
  • Apr 16, 2020 6:31am Apr 16, 2020 6:31am
My new strategy giving it play let’s see what results are like, back tested in year and it brought a few hundred pips each pair - doesn’t work that well on ranging U/C A/N E/C

so far this week - Targets 25 PiPS

Some trades started last week but finished this week

E/U +25
E/J + 25
N/J +25
N/U +25

Currently -32 on N/C but still time and if not get a correction and aim for 30

When 8EMA crosses the the Weekly Pivot aim for 25. Some pairs would be advised just aim for 20 but with ranges high and the moment they all have potential to reach 25. Pursue exit if price reverts and cross back over the weekly pivot and aim for extra 5 on original target.

simple strategy but fairly easy and I can do on my phone. I do put a hard stop at 100 4-1 or 80 if target 20. Reason being just protection when I am sleep. Market erratic so need to take care.

Let me know what you think and whether you think it has legs. Or it’s a stupid strategy just with beginner luck
Attached Image(s) (click to enlarge)
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  • #48,280
  • Apr 16, 2020 6:39am Apr 16, 2020 6:39am
Quoting RieseP
My new strategy giving it play let’s see what results are like, back tested in year and it brought a few hundred pips each pair - doesn’t work that well on ranging U/C A/N E/C so far this week - Targets 25 PiPS Some trades started last week but finished this week E/U +25 E/J + 25 N/J +25 N/U +25 Currently -32 on N/C but still time and if not get a correction and aim for 30 When 8EMA crosses the the Weekly Pivot aim for 25. Some pairs would be advised just aim for 20 but with ranges high and the moment they all have potential to reach 25. Percent...
In my opinion if you are going to soley trade the crossing of the DPV then you should trade similar to Claudia's Wine Bar strategy and wait for a H1 candle to cross and close over the DPV. Then open trade on next candle in the same direction of the cross. I'm just not the biggest fan of MA's.....especially for entries. I would wait and see what some of the more experienced traders on here have to say about this.
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