Billytt Die happy trading e/j daily breakout | Page 2502 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,021
  • Jun 8, 2020 11:51pm Jun 8, 2020 11:51pm
Quoting bojack34
{quote} I wonder what the stats would be if you threw just one back to back losing days? Or, 2 back to back losing days about 3 or 4 days apart. Or, how about 3 losing days in a row? I'm not sure what your compounding strategy is after you lose 2 in a row. Billy compounds after wins and not losses. He'll compound 3 trades after the first win. So 4 in a row total. For example, 1 lot on the initial trade. This is when he starts his 3 in a row. The 2nd trade in the sequence would be 2 lots, then the 3rd trade would be 4 lots and then the final and...
I just spent ages answering this post then lost it. I will answer later.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,022
  • Jun 8, 2020 11:54pm Jun 8, 2020 11:54pm
Quoting billytt
{quote} I just spent ages answering this post then lost it. I will answer later.
This comes from my notes which came from you posts in the past........

- You can compound up to 3 times at DOUBLE the previous trade lot size. (100% increase)......EXAMPLE:

.....We have 4 trades that are spread out over several days.
** Trade #1 - 20 lots, WIN
** Trade #2 - 40 lots, WIN
** Trade #3 - 80 lots, LOSE, but carry on as if we had actually won.
** Trade #4 - 160 lots...continue to double the lot size to 160 because the "Counter Trade" from the previous trade will hold the BAD #3 trade in "limbo".....~~Billytt~~

**** When using the 3 day compounding method like this you will still use the SL of -20 or opposite trigger.
  • #50,023
  • Jun 9, 2020 12:13am Jun 9, 2020 12:13am
Quoting bojack34
{quote} I wonder what the stats would be if you threw just one back to back losing days? Or, 2 back to back losing days about 3 or 4 days apart. Or, how about 3 losing days in a row? I'm not sure what your compounding strategy is after you lose 2 in a row. Billy compounds after wins and not losses. He'll compound 3 trades after the first win. So 4 in a row total. For example, 1 lot on the initial trade. This is when he starts his 3 in a row. The 2nd trade in the sequence would be 2 lots, then the 3rd trade would be 4 lots and then the final and...
I have read your notes over and over Bo, and this is my first month of trading using a billy bar ... I have been backtesting for 1 year and found that the billy bar has never lost 4 days in a row (max is 3) ...

IMO with a maximum risk of 1% per trade, even if there are 5x losing streaks I still can do the compunding to recover the loss..

Im still learning tho

edit: abt compunding on winning trade, i will compund the next trade 1% of my last balace.. so the lot size every day is growing according to my equity
PIVOT Return This Year: na
  • #50,024
  • Jun 9, 2020 12:17am Jun 9, 2020 12:17am
i tried the AU 0-0 H4 breakout from yesterday, because the first one down failed. good for +11 pips.
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #50,025
  • Jun 9, 2020 12:54am Jun 9, 2020 12:54am
Quoting mrcreosote
Dave! Those Ducatis are a bit expensive but how about one of these for less than 2 grand, NEW! https://www.zigwheels.com/newbikes/H...svartpilen-250
Hi MrC! a Husky, I haven't seen one of those for a while, looks nice and converts into a chainsaw, about the price of a Ducati rear wheel
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,026
  • Edited 1:13am Jun 9, 2020 12:59am | Edited 1:13am
Quoting bojack34
{quote} This comes from my notes which came from you posts in the past........ - You can compound up to 3 times at DOUBLE the previous trade lot size. (100% increase)......EXAMPLE: .....We have 4 trades that are spread out over several days. ** Trade #1 - 20 lots, WIN ** Trade #2 - 40 lots, WIN ** Trade #3 - 80 lots, LOSE, but carry on as if we had actually won. ** Trade #4 - 160 lots...continue to double the lot size to 160 because the "Counter Trade" from the previous trade will hold the BAD #3 trade in "limbo".....~~Billytt~~ **** When using...
nice Bo, I will answer later. 10/10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,027
  • Jun 9, 2020 1:02am Jun 9, 2020 1:02am
Cable, 00-00 4 hour bar break.
Low broke, I am short looking for 15/20 or what ever I can get if it retraces, lol
00-00 range is 45, my adr today is 111.
Chart below copied approx. 06-54, I placed the 2 Black adr marker lines on the Highest high and lowest low, and they will be adjusted throughout the day.
Attached Image


Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,028
  • Jun 9, 2020 1:13am Jun 9, 2020 1:13am
Quoting bojack34
{quote} This comes from my notes which came from you posts in the past........ - You can compound up to 3 times at DOUBLE the previous trade lot size. (100% increase)......EXAMPLE: .....We have 4 trades that are spread out over several days. ** Trade #1 - 20 lots, WIN ** Trade #2 - 40 lots, WIN ** Trade #3 - 80 lots, LOSE, but carry on as if we had actually won. ** Trade #4 - 160 lots...continue to double the lot size to 160 because the "Counter Trade" from the previous trade will hold the BAD #3 trade in "limbo".....~~Billytt~~ **** When using...
Right Bo, the missing post I lost about 90 ,minutes ago, more or less said the same thing.

I wasn't sure if I had posted anything regarding trading after a Fail.
I will explain again. I still do this sometimes but mainly stick to adding on now, OR take an opportunist trade. lol

we have 3 separate trades, to make 20 points each, so 20 + 20 +20 =60 points.
OR if we compound those 3 trades by doubling up we have. 20 +20 = 1st trade 40, 40+40 = 80 2nd trade, 80+80 =160 3rd trade.
So that is 160 compounding versus 60 normal 3 trades.
trading like this we need even better trades using better odds, ie example, the 08-00 break short, 00-00 also breaks short, maybe an inside bar breaks short.
Lets say the second trade fails, we trade the 3rd as if nothing has happened , OR as in BO's post , if the 3rd trade fails we trade the 4th as if nothing has happened.
Don't do it off the first trade fail.
I think it may of happened once if that.
Once you make extra money, USE IT to play the game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,029
  • Jun 9, 2020 1:15am Jun 9, 2020 1:15am
Quoting bojack34
{quote} I wonder what the stats would be if you threw just one back to back losing days? Or, 2 back to back losing days about 3 or 4 days apart. Or, how about 3 losing days in a row? I'm not sure what your compounding strategy is after you lose 2 in a row. Billy compounds after wins and not losses. He'll compound 3 trades after the first win. So 4 in a row total. For example, 1 lot on the initial trade. This is when he starts his 3 in a row. The 2nd trade in the sequence would be 2 lots, then the 3rd trade would be 4 lots and then the final and...
wrong, I didn't buy a house.
I managed to double 10 times, did it 3 times too, lol. then bought the houses.
Very hard work as I needed multiple accounts lol. long story.
It was easier to do then,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,030
  • Jun 9, 2020 2:18am Jun 9, 2020 2:18am
Billy bar break south +5 pluss recovered from yesterday limbo...
PIVOT Return This Year: na
  • #50,031
  • Jun 9, 2020 2:18am Jun 9, 2020 2:18am
Morning all, bit of a slow day yseterday, -22 and a BE on the DAX, looking better today:
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Everything should be made as simple as possible, but no simpler - Einstein
  • #50,032
  • Jun 9, 2020 2:25am Jun 9, 2020 2:25am
GBP/USD SELL +6,1

Side Notice: According to the "The Three Ducks" i should have passed it.

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  • #50,033
  • Jun 9, 2020 2:26am Jun 9, 2020 2:26am
Cable, my 00-00 4 hour bar break, I closed with 18, small size,
My 08-00 15 minute bar break, low broke for +5%.
I was saying to the guys on Telegram , it looks like its dropping more. which it did.
But as I said, its my game, my rules. Happy with 5
now I play with e/u looking for some daily range.
Trade well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,034
  • Jun 9, 2020 2:27am Jun 9, 2020 2:27am
DAX on a run, 12700?
Attached Image (click to enlarge)
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Everything should be made as simple as possible, but no simpler - Einstein
  • #50,035
  • Jun 9, 2020 2:32am Jun 9, 2020 2:32am
Cable, I have adjusted my adr black lines, to highest/lowest points.
from below
Attached Image

to, below
Attached Image (click to enlarge)
Click to Enlarge Name: gu 09 B.png Size: 21 KB


I am doing exactly the same with e/u.
cable currently approx. 30 away from adr.
it could well bomb down, just saying, it means nothing because I will be out by then, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,036
  • Jun 9, 2020 2:35am Jun 9, 2020 2:35am
Got it! +137
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,037
  • Jun 9, 2020 2:39am Jun 9, 2020 2:39am
@lem

If you can find some time, can you please explain the midnight DAX trade. It would be of great benefit to us antepodeans.

I have searched the thread and have travelled to the other galaxy, but can't find a good explanation as to which candle to trade. I only know that it finishes (?) at midnight UK.
  • #50,038
  • Jun 9, 2020 2:40am Jun 9, 2020 2:40am
Quoting Davidh061
Got it! +137
Bastard! That was me getting tear gassed on the DAX again
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used to be undecided but nowadays can't make my mind up
  • #50,039
  • Jun 9, 2020 2:40am Jun 9, 2020 2:40am
i love m1 trading GU,
trades should be as short as a good shit or (as politically correct) as cooking a soft egg;-))
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #50,040
  • Jun 9, 2020 2:45am Jun 9, 2020 2:45am
Quoting mrcreosote
{quote} Bastard! That was me getting tear gassed on the DAX again {image}
Bummer! But nice foot work MrC, back of the net
Everything should be made as simple as possible, but no simpler - Einstein
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