Billytt Die happy trading e/j daily breakout | Page 2489 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #49,761
  • Jun 5, 2020 4:14pm Jun 5, 2020 4:14pm
Quoting turnip15
{quote} Enjoy your weekend folks. {image}
You nailed it, T.

Attached Image
  • #49,762
  • Jun 5, 2020 5:59pm Jun 5, 2020 5:59pm
Where to find the FD Stats Billy mentioned? I am only at Post 100 reading this thread so far.

Really good stuff shared here. One of the better threads on this forum for sure.

Cant wait for next week to keep forwarding testing.

So far I could execute 2 trades on GU M15 08:15, both were won for +5.

What I really like is to have a clear setup now for a clear time period of the day with clear instructions and can actually concentrate to focus only doing this until I mastered it and it also removes all the headache I had until now by randomly looking for possible trades through out the day indicated by some lagging indicators and then often ended up revenge trading, chasing trades or over trading.

Now it’s more clear, I know what to do when the day starts and then stop trading if made those +5 or stopped out.

I probably will have to learn these counter trade techniques here because I think there will be to much stop outs otherwise, but for now I will just do that for the next 30 days.
  • #49,763
  • Jun 5, 2020 6:13pm Jun 5, 2020 6:13pm
Quoting lddd
Where to find the FD Stats Billy mentioned? I am only at Post 100 reading this thread so far. Really good stuff shared here. One of the better threads on this forum for sure. Cant wait for next week to keep forwarding testing. So far I could execute 2 trades on GU M15 08:15, both were won for +5. What I really like is to have a clear setup now for a clear time period of the day with clear instructions and can actually concentrate to focus only doing this until I mastered it and it also removes all the headache I had until now by randomly looking...
You will not find Billy's FD stats anywhere on the thread. Those are his personal stats. You just have to take his word for it.
  • #49,764
  • Jun 5, 2020 6:14pm Jun 5, 2020 6:14pm
Quoting lddd
Where to find the FD Stats Billy mentioned? I am only at Post 100 reading this thread so far. Really good stuff shared here. One of the better threads on this forum for sure. Cant wait for next week to keep forwarding testing. So far I could execute 2 trades on GU M15 08:15, both were won for +5. What I really like is to have a clear setup now for a clear time period of the day with clear instructions and can actually concentrate to focus only doing this until I mastered it and it also removes all the headache I had until now by randomly looking...
Billy's FD stats were compiled when he was working on his commercial projects initially and so you won't be finding them anywhere on the thread.

You will simply have to either take Billy's word as gospel - which we here do - and be grateful he has shared the final info with us here. Or run your own stats using software you can source yourself.
  • #49,765
  • Jun 5, 2020 6:18pm Jun 5, 2020 6:18pm
Quoting lemercenaire
{quote} Billy's FD stats were compiled when he was working on his commercial projects initially and so you won't be finding them anywhere on the thread. You will simply have to either take Billy's word as gospel - which we here do - and be grateful he has shared the final info with us here. Or run your own stats using software you can source yourself.
Ok thanks. Will try to get my own stats then.
  • #49,766
  • Jun 5, 2020 6:29pm Jun 5, 2020 6:29pm
Hello dear friends

AUD/USD M5

Waiting for price returning to this untested supply zone for trying to catch the reversal..

Good week-end to all
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 18 KB
  • #49,767
  • Jun 5, 2020 10:36pm Jun 5, 2020 10:36pm
Quoting lemercenaire
Bagged a quick HOLO and posted over in TS' yard. At the same time, added this wee baby bird, again, just for giggles to say I had done something on the charts today, lol. Went in as price got itself back over the 200 ma. UJ 1-min Kijun-sen Chart +3.6 Heavy Jumbo, nevertheless. Kind of goes without saying. {image} You'll note I have done away with the other Kijun-sen (100 setting) as it wasn't doing anything for me. Certainly not down on the 1-min.
Now, that begs the question: Do you really need the other two indicators underneath the price chart?

Ichimoku on the yen, must be the ideal combination I would say. Although you also use it on the Dax I have seen, maybe the Germans are turning Japanese (you can find the song!)
  • #49,768
  • Jun 6, 2020 3:29am Jun 6, 2020 3:29am
RIGHT, Saturday morning, i have a coffee and a few minutes ago i copied a totally random chart,
It happens to be the Dollar Basket Index, time now 09-07. Not hand picked, totally random ,only thing is, i haven't broken the Daily bars down into hours etc looking for retrace etc, but at this moment it doesnt matter.
This is a sample ADR stat for 12 days,.. 12 days is not near enough but this is an example
Attached Image (click to enlarge)
Click to Enlarge Name: 06 Dollar Basket A.png Size: 33 KB


B broke A High for 11...then retraced and broke Low for 11.(not shown)
C broke B Low for 74.D broke C for 18. etc etc etc then all low breaks making + 38-40-inside bar- 23-34-13,,
THEN we have X ,,high broke for 3 then retrace to break low for 60,so we have a Fail. next bar broke low for +12.

The shortest range/tail was 11,,, that is the adr stat. WE NEVER AVERAGE THE ADR
I actually included SUNDAY bars, this is something i never do but its an example.
The shortest bar was 15 (and a sunday) all the other bars are minimum 40 +, another adr stat.
Now start playing with these stats and the Average Daily Range. ( YES, this average is good as is the daily pivot)

edit, if you average the break ranges that equals 26.... if you tried trading for 26 tp, you would of lost 6 trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,769
  • Jun 6, 2020 3:50am Jun 6, 2020 3:50am
follow up to random dollar basket chart.
below, totally freaky, the shortest bar was 9 /10
Attached Image (click to enlarge)
Click to Enlarge Name: DB b.png Size: 25 KB


So look at break/tails,,, look at bar range, LOOK AT ADR.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,770
  • Jun 6, 2020 3:55am Jun 6, 2020 3:55am
us dollar basket, random
Attached Image (click to enlarge)
Click to Enlarge Name: dld C.png Size: 16 KB


Look for break/tails... look at bar range. look at adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,771
  • Jun 6, 2020 4:02am Jun 6, 2020 4:02am
below totally random, totally i never knew this existed.
Looks totally fun, look at spread yaaayyyyyy
Attached Image (click to enlarge)
Click to Enlarge Name: wtf D.png Size: 25 KB


tails/break, bar range. adr
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,772
  • Jun 6, 2020 6:35am Jun 6, 2020 6:35am
Quoting billytt
{quote} you too bud, have a good weekend, I originate from Wigan, Pie Eater, wooley back lol
Hi Billy, and of course its pier! I am also a wooley back but a bit further south, just outside Liverpool originally, now on the Wirral. It explains the sheep
Everything should be made as simple as possible, but no simpler - Einstein
  • #49,773
  • Jun 6, 2020 7:32am Jun 6, 2020 7:32am
Quoting Davidh061
{quote} Hi Billy, and of course its pier! I am also a wooley back but a bit further south, just outside Liverpool originally, now on the Wirral. It explains the sheep
Haha LOL :-)
  • #49,774
  • Jun 6, 2020 8:27am Jun 6, 2020 8:27am
Quoting billytt
RIGHT, Saturday morning, i have a coffee and a few minutes ago i copied a totally random chart, It happens to be the Dollar Basket Index, time now 09-07. Not hand picked, totally random ,only thing is, i haven't broken the Daily bars down into hours etc looking for retrace etc, but at this moment it doesnt matter. This is a sample ADR stat for 12 days,.. 12 days is not near enough but this is an example {image} B broke A High for 11...then retraced and broke Low for 11.(not shown) C broke B Low for 74.D broke C for 18. etc etc etc then all low breaks...
Very well described Billy. Average means nothing when talking breakouts. It is the number of times it breaks out for more than X pips that really matters.
  • #49,775
  • Jun 6, 2020 8:28am Jun 6, 2020 8:28am
Quoting billytt
below totally random, totally i never knew this existed. Looks totally fun, look at spread yaaayyyyyy {image} tails/break, bar range. adr
One could have fun trading lines there Billy. Almost 'WickZone' like.
every Saint has a past. Every Sinner has a Future
  • #49,776
  • Jun 6, 2020 8:29am Jun 6, 2020 8:29am
Quoting bojack34
{quote} You will not find Billy's FD stats anywhere on the thread. Those are his personal stats. You just have to take his word for it.
BO, you said somewhere you exclusively focused on the 2nd break of the AU 4am-8am bar. Would this be the second break in the opposite direction?
  • #49,777
  • Jun 6, 2020 8:40am Jun 6, 2020 8:40am
Quoting turnip15
{quote} One could have fun trading lines there Billy. Almost 'WickZone' like.
I was discussing with Lem a while ago that when you look at any hourly chart, there seems to be hundreds of Wick Zone trading opportunities. One could play the hourly charts wick zone style all day (if that way inclined) and probably take lots of small losses throughout the day, BUT the winners would more than compensate. Even if you traded that technique from say 8am to around 3 or 4pm.
  • #49,778
  • Edited 3:16pm Jun 6, 2020 9:10am | Edited 3:16pm
Quoting ia1979
{quote} BO, you said somewhere you exclusively focused on the 2nd break of the AU 4am-8am bar. Would this be the second break in the opposite direction?
y\Yes but only after a "Fail". This is when the first break goes for less than 10 pips on the first break and then reverses to opposite break.

Edit: After going back and looking at AU and the 04-00 break. It' still working just like before. If I were you I would look at getting +10 on the first break and then if it "fails" looking to double your lot size and go for 10 on the second break. I remember my stats for AU on the 2nd break getting 10 was almost 90% or something crazy. Getting 10 on the first break was also really high. That pair just moves like molasis and is boooring. If you have the patience for AU then it's a good pair and time/range to trade. You'll just have to figure out what is too small and too big of ranges to trade. To small of a range and you take the chance of both sides triggering too often and too big of a range and you loose your RR and you take the chance of price getting trapped in the middle and start ranging. My personal advice would to be watch out for 00 lines, Daily Pivot, Daily Open Lines, Yesterday High/Low and ADR20 or ADR5. You don't have to use them all at the same time but they all give clues and will help you in and out of your trades. Personally I don't enter a first break if one of these are less than a pip away from the break. I either wait for confirmation from a closed bar accross that line or I just don't trade that day. Not a big deal. There will be another set up tomorrow a the same bat time and the same bat channel.
  • #49,779
  • Jun 6, 2020 9:27am Jun 6, 2020 9:27am
That EA that Claudia told me I could use is not exactly doing what I want.

Is there a free simple order script/ea I could put on my GU M15 chart that would offer simply the following

Open 2 orders at high/low of the last price bar maybe also allowing to set a X Pips distance with TP and SL?

The scripts I tried either missing a pips distance option or executing the pending orders multiple times for every new price tick instead of only opening these orders once.
  • #49,780
  • Jun 6, 2020 10:12am Jun 6, 2020 10:12am
Quoting lddd
That EA that Claudia told me I could use is not exactly doing what I want. Is there a free simple order script/ea I could put on my GU M15 chart that would offer simply the following Open 2 orders at high/low of the last price bar maybe also allowing to set a X Pips distance with TP and SL? The scripts I tried either missing a pips distance option or executing the pending orders multiple times for every new price tick instead of only opening these orders once.
Hundreds of them out there. Took me two minutes on Google to find one.
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