Billytt Die happy trading e/j daily breakout | Page 2474 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #49,461
  • Jun 2, 2020 9:35am Jun 2, 2020 9:35am
Quoting billytt
I wonder if Cable will drop at 4-00 pm , or there abouts.???
Looks promising, the way it is banging its head just now.

I played one of those bangs.

GU 1-min Kijun-sen Chart +2.4 +3.1 [+5.5]

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  • #49,462
  • Jun 2, 2020 9:43am Jun 2, 2020 9:43am
Quoting billytt
I wonder if Cable will drop at 4-00 pm , or there abouts.???
The man has been well and truly hanged on the H4 chart, that's for sure.
  • #49,463
  • Jun 2, 2020 10:04am Jun 2, 2020 10:04am
Quoting lemercenaire
{quote} The man has been well and truly hanged on the H4 chart, that's for sure.
I have a feeling they are just building up USD just so they can smack it back down on NFP Friday when Unemployment comes out.

Edit: Cable is also past last weeks Range and is right at the 5 week average range. Looks like a good time and price to start to stall. Reversal coming? Pullback and continuation?
  • #49,464
  • Jun 2, 2020 10:16am Jun 2, 2020 10:16am
Quoting bojack34
{quote} I have a feeling they are just building up USD just so they can smack it back down on NFP Friday when Unemployment comes out. Edit: Cable is also past last weeks Range and is right at the 5 week average range. Looks like a good time and price to start to stall. Reversal coming? Pullback and continuation?
Can unemployment figures be that much of a surprise just now though? The readings are skewed because of the zombie-plague-lite and at some point, as people begin to get back to work, that will actually decline.

Hey, you know how it goes, Bo. Trade...What...You...See.
  • #49,465
  • Edited 10:43am Jun 2, 2020 10:18am | Edited 10:43am
Talking of the US...

USTec 5-min Kijun-sen Chart +8.2 +9.6 +13.6 [+31.4]

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  • #49,466
  • Jun 2, 2020 10:39am Jun 2, 2020 10:39am
In again.

This time off an Z-Line.

USTec 5-min Kijun-sen +4.5 +7.1 +11.8 +15.5 [+38.9]

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At the start of the moves, I also had a couple of counters to guard against any quick gotcha' sucker move and they were closed at +1 and scratch once momo took over the way I wanted. I didn't have time to capture those. Pretty much just open and close.
  • #49,467
  • Jun 2, 2020 10:57am Jun 2, 2020 10:57am
Quoting lemercenaire
In again. This time off an Z-Line. USTec 5-min Kijun-sen +4.5 +7.1 +11.8 +15.5 [+38.9] {image} At the start of the moves, I also had a couple of counters to guard against any quick gotcha' sucker move and they were closed at +1 and scratch once momo took over the way I wanted. I didn't have time to capture those. Pretty much just open and close.
Frankie came in. Been a good day all round.
  • #49,468
  • Jun 2, 2020 10:59am Jun 2, 2020 10:59am
Quoting claudia1
{quote} Two options: 1. Enter orders at 8.00 am some distance from the market. As the 15 minute bar develops just drag the orders closer and closer to the price. 2. Let you pc do the work. {image}
What about watching the M1 candle to close at 8:14 and then execute these two market orders at the time 8:14 candle closes at 8:14:59?

Could this not be programmed in some way, if it’s that simple and only needs price opens to define the entry? So some kind of software that would open and adjust the orders according to these rules?

Billy says to pick a volatile pair. How to define the volatility in advance to pick such pair? Based on the average pip movement for the last X days has to be over X Pips at minimum?

i will try what you suggested for the next month starting from tomorrow and see how it goes.
  • #49,469
  • Jun 2, 2020 11:03am Jun 2, 2020 11:03am
Quoting lddd
{quote} What about watching the M1 candle to close at 8:14 and then execute these two market orders at the time 8:14 candle closes at 8:14:59? Could this not be programmed in some way, if it’s that simple and only needs price opens to define the entry? So some kind of software that would open and adjust the orders according to these rules? Billy says to pick a volatile pair. How to define the volatility in advance to pick such pair? Based on the average pip movement for the last X days has to be over X...
Go for it. Let us know what happens.
  • #49,470
  • Jun 2, 2020 11:06am Jun 2, 2020 11:06am
Quoting lddd
{quote} What about watching the M1 candle to close at 8:14 and then execute these two market orders at the time 8:14 candle closes at 8:14:59? Could this not be programmed in some way, if it’s that simple and only needs price opens to define the entry? So some kind of software that would open and adjust the orders according to these rules? Billy says to pick a volatile pair. How to define the volatility in advance to pick such pair? Based on the average pip movement for the last X days has to be over X Pips at minimum? i will try what you suggested...
It doesn't matter what time frame you use. The ea (software) is already programmed to do what you suggest. Forget messing around with different pairs - at that time of day stay with G/U.
  • #49,471
  • Jun 2, 2020 11:11am Jun 2, 2020 11:11am
Quoting lemercenaire
{quote} Go for it. Let us know what happens.
I am amazed about the simplicity but still feel hard to believe this will be a game changer to me, if it would be that „easy“ to become profitable I wonder why there are a 90% of people still losing money and not everyone rich as hell.

Yeah, will try. Nothing to lose for me anyways, can only become better lol.
  • #49,472
  • Jun 2, 2020 11:14am Jun 2, 2020 11:14am
Quoting claudia1
{quote} It doesn't matter what time frame you use. The ea (software) is already programmed to do what you suggest. Forget messing around with different pairs - at that time of day stay with G/U.
Thanks a lot Claudia, appreciate your kind help. Yes, that was one of the main reasons to me to find something I can try to get a working routine by just trading one market for some time.
  • #49,473
  • Jun 2, 2020 11:21am Jun 2, 2020 11:21am
Quoting lddd
{quote} Thanks a lot Claudia, appreciate your kind help. Yes, that was one of the main reasons to me to find something I can try to gain consistently with by only trading one instrument for at least a few month.
Let me tell you why this sort of system works. London opens at 8.00 am and there are lots of orders from banks/institutions placed pre-market open. By around 8.15 most of these orders will have been filled giving direction. Hope that makes sense. Good luck.
  • #49,474
  • Jun 2, 2020 11:34am Jun 2, 2020 11:34am
Quoting lddd
{quote} I am amazed about the simplicity but still feel hard to believe this will be a game changer to me, if it would be that „easy“ to become profitable I wonder why there are a 90% of people still losing money and not everyone rich as hell. Yeah, will try. Nothing to lose for me anyways, can only become better lol.
Well, you know what they say about leading horses to water.

Plus let's face it, most people are stupid.

They refuse to see that something so simple can work because they have been brought up to believe that complexity and expense mean quality - in all aspects of life.

They also do what you just did in that post. Care about what other people think or do.

Put it this way also...if we say to someone to just ''draw a line'' and trade it. They will still come back with this:

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  • #49,475
  • Jun 2, 2020 11:43am Jun 2, 2020 11:43am
Quoting claudia1
{quote} Let me tell you why this sort of system works. London opens at 8.00 am and there are lots of orders from banks/institutions placed pre-market open. By around 8.15 most of these orders will have been filled giving direction. Hope that makes sense. Good luck.
Agreed - But wish people who post queries here about it would go for it - demo or small stakes. They would then get an idea of the simplicity and profitability of the approach. One get's tired of saying this, but you will never avoid losers, no matter how many indicators you have or whatever phase the moon is in. Wearing lucky socks or the same underpants for a week, do not increase your win rate. Statistics ( see Billy) and a managed money approach ( most regular posters here) are what matter overall. A simple example is, ' do you know where you are going to be proved wrong before you place the trade.' Same old queries that reflect a hidden fear of losing just one trade. Just go for it.
every Saint has a past. Every Sinner has a Future
  • #49,476
  • Jun 2, 2020 11:52am Jun 2, 2020 11:52am
Quoting turnip15
{quote} Agreed - But wish people who post queries here about it would go for it - demo or small stakes. They would then get an idea of the simplicity and profitability of the approach. One get's tired of saying this, but you will never avoid losers, no matter how many indicators you have or whatever phase the moon is in. Wearing lucky socks or the same underpants for a week, do not increase your win rate. Statistics ( see Billy) and a managed money approach ( most regular posters here) are what matter overall. A simple example is, ' do you know...
You're right. The only way to learn is the hard way - as you say 'go for it'.

Just as importantly, you have to make a system/strategy your own rather than trying to copying someone else. Look at how you're trading style has changed completely over the past few years.

A lot of it comes back to one word. I won't say it but you know what I mean.
  • #49,477
  • Jun 2, 2020 11:55am Jun 2, 2020 11:55am
Quoting claudia1
{quote} You're right. The only way to learn is the hard way - as you say 'go for it'. Just as importantly, you have to make a system/strategy your own rather than trying to copying someone else. Look at how you're trading style has changed completely over the past few years. A lot of it comes back to one word. I won't say it but you know what I mean.
Yes - it has been a long journey. If I stay on FF much longer they might award me the 'Golden Gnome.'
every Saint has a past. Every Sinner has a Future
  • #49,478
  • Jun 2, 2020 11:56am Jun 2, 2020 11:56am
Quoting turnip15
{quote} Yes - it has been a long journey. If I stay on FF much longer they might award me the 'Golden Gnome.'
Lol but you got there in the end and we've all had some fun on the way.
  • #49,479
  • Jun 2, 2020 12:00pm Jun 2, 2020 12:00pm
Quoting claudia1
{quote} Lol but you got there in the end and we've all had some fun on the way.
Music break


Inserted Video
every Saint has a past. Every Sinner has a Future
  • #49,480
  • Jun 2, 2020 12:00pm Jun 2, 2020 12:00pm
Quoting claudia1
{quote} Let me tell you why this sort of system works. London opens at 8.00 am and there are lots of orders from banks/institutions placed pre-market open. By around 8.15 most of these orders will have been filled giving direction. Hope that makes sense. Good luck.
Yes it makes sense.

I tried trading the London breakout earlier but without having some clear instructions also following some lagging indicators.

I either ended up with a a lot of false breakouts instantly hitting my SL, 5-10 Pips or a RR 1:2 TP 15-20 (i thought would be a wise choice) was often not reached as well to compensate the high amount of losers. Just to see some time later the day price easily went trough my TP.

Maybe I also didn’t trade such strategy properly which again could have been the reason for lack of understanding it correctly by having to do to many pre analyzing things I got told to do like market condition, trend, no trend, indicators conditions, past price action layout and that even for a couple of different time frames for many markets at one time.

I hope to be at a better way now, not getting younger and don’t want to waste my time any longer with something that doesn’t work for me in any way.
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