DAX......these lines have 'piqued my interest' today...
Is everyone having a lie in today???
WAKEY WAKEY!!!!
Is everyone having a lie in today???
WAKEY WAKEY!!!!
used to be undecided but nowadays can't make my mind up
Billytt Die happy trading e/j daily breakout
- #49,343
- Jun 1, 2020 2:53am Jun 1, 2020 2:53am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
{quote} At what point do you counter Billy? And/or hedge? Play this loud, need to find my shangri-la!https://www.youtube.com/watch?v=N7Djc5z-EMg
I counter on the exact opposite end of bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #49,344
- Jun 1, 2020 2:53am Jun 1, 2020 2:53am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
{quote} plus 5))))))))))))))) out
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #49,345
- Jun 1, 2020 2:55am Jun 1, 2020 2:55am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #49,346
- Jun 1, 2020 2:59am Jun 1, 2020 2:59am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
Harder than you think this trading thing 
Inserted Video
used to be undecided but nowadays can't make my mind up
- #49,347
- Jun 1, 2020 3:20am Jun 1, 2020 3:20am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
Trade lines??? 
used to be undecided but nowadays can't make my mind up
- #49,348
- Jun 1, 2020 3:45am Jun 1, 2020 3:45am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
Duran Duran did a cover of white lines
I still prefer this one of theirs.....right, I'm off to count how many trades I need to rack up to buy a yacht
Inserted Video
I still prefer this one of theirs.....right, I'm off to count how many trades I need to rack up to buy a yacht
Inserted Video
used to be undecided but nowadays can't make my mind up
{quote} Hi Bud, hope you are well. I counter on the exact opposite end of bar.
So in this instance, with the bar range being 25, am I right in thinking you would need to have 5 'regular' size and target (ie 5 pips) winners just to make enough to b/e and close the counter, or am I missing something...(like the secret sauce
)
- #49,351
- Jun 1, 2020 4:11am Jun 1, 2020 4:11am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Hey Billy, hope you're well pal (and everyone else on this thread) Thought I'd chat to you here as it seems more geared toward your breakout strategy than JB thread and telegram. So in this instance, with the bar range being 25, am I right in thinking you would need to have 5 'regular' size and target (ie 5 pips) winners just to make enough to b/e and close the counter, or am I missing something...(like the secret sauce
Until then...
I won't go into the specifics of how Billy counters - I do it slightly differently - as the very question was answered here last week.
However, the one thing you have to get right - and most new here get wrong initially - is that you are treating the counter as a separate trade. It isn't. The counter is there to lock in the first trade should it go bad. That keeps you in a floating loss and leaves it there till the end of time if you wish. It never gets any bigger. For all intents and purposes, you then forget about it completely and look for your next trigger to begin to unwind that negative.
- #49,353
- Jun 1, 2020 4:37am Jun 1, 2020 4:37am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Quick Spike-Hunt to start the day.
GU 1-min BV Chart Spike-Hunt + Bounce from 200 +1.5 +2.4 +4.1 +5.7 [+13.7]
GU 1-min BV Chart Spike-Hunt + Bounce from 200 +1.5 +2.4 +4.1 +5.7 [+13.7]
{quote} Hellooooooooo there. You're too late. Billy has been and bagged and will be off hunting renegade gnomes in the glade by now. He will no doubt be back for lunch and cider. Until then... I won't go into the specifics of how Billy counters - I do it slightly differently - as the very question was answered here last week. However, the one thing you have to get right - and most new here get wrong initially - is that you are treating the counter as a separate trade. It isn't. The counter is there to lock in the first trade should it go bad. That...
Ok, I get that it is the one trade - it's basically locking in a 'maximum' loss - in this instance 25 pips - without actually taking the loss as you would with a stop, then waiting for some profitable future trades to help you unwind it. Either way, you're still going to need 5 of the regular trades as I mention above to be able to unwind this for b/e at some stage...Or, as you say "till the end of time if you wish" you could hold a £2500 floating loss while consistently taking £500 profits and only take off that 'loss' when you see fit? But it still doesn't change the fact that it's there, does it? So basically (assuming each bar is 25 pips which I realise it isn't) you're gonna need to be winning nearly 85% of trades just to break even - whenever you so desire that to be. I know the secret to the breakout is how Billy fixes - I'm just trying to get to the crux of the matter to look at the nuts and bolts - all help and guidance greatly appreciated
- #49,356
- Jun 1, 2020 5:18am Jun 1, 2020 5:18am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
used to be undecided but nowadays can't make my mind up
- #49,357
- Jun 1, 2020 5:19am Jun 1, 2020 5:19am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
{quote} Lol - living the high life down in the New Forest
used to be undecided but nowadays can't make my mind up
- #49,358
- Jun 1, 2020 5:22am Jun 1, 2020 5:22am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
{image} Still learning and collecting stat 00:00 H4 73pips - too wide range no no 08:00 M15 25 pips- at play
Billy says 'go for 5'......it's going for more and being greedy that doesn't work!!??
used to be undecided but nowadays can't make my mind up
- #49,359
- Jun 1, 2020 5:26am Jun 1, 2020 5:26am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Very, very 
late entry but reckoned there was just enough momo left after the pause to get something...and so there was. Obviously didn't hang around for any length of time at all before bagging.
UK100 1-min +3.7 +4.2 [+7.7]
late entry but reckoned there was just enough momo left after the pause to get something...and so there was. Obviously didn't hang around for any length of time at all before bagging.UK100 1-min +3.7 +4.2 [+7.7]
- #49,360
- Jun 1, 2020 5:26am Jun 1, 2020 5:26am
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
LINES! Draw LINES! White lines are ok but not on a white background....so we have red lines
inverted head n shoulders?
inverted head n shoulders?
used to be undecided but nowadays can't make my mind up