Billytt Die happy trading e/j daily breakout | Page 2510 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,181
  • Jun 10, 2020 3:46am Jun 10, 2020 3:46am
Quoting billytt
Mr C, trade Dax off the open/low of this bar, lol range approx. 27. {image} t 09-31
yaaaaaaaaaaaaay +24, at the moment break of that low. lol
and NO, I didn't trade it.

Attached Image

it was going to go somewhere???
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,182
  • Jun 10, 2020 3:50am Jun 10, 2020 3:50am
Quoting billytt
When I was solely trading Cable 08-00 15 bar break, Days like this were frustrating, because the trade has gone in and I now wait for tomorrows break, 23 hours away lol. you need patience , that's why I paly with the daily range hunt lol.
Missed this from earlier, yes that is the downside of trading just one instrument, it can be a frustrating day! I'm not optimistic I will get back onto the DAX again today in the way that I trade. hey ho, there's always the garage to tidy, could even wash the car...maybe not
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,183
  • Jun 10, 2020 3:56am Jun 10, 2020 3:56am
Quoting Davidh061
{quote} Missed this from earlier, yes that is the downside of trading just one instrument, it can be a frustrating day! I'm not optimistic I will get back onto the DAX again today in the way that I trade. hey ho, there's always the garage to tidy, could even wash the car...maybe not
Putting it realistically,
its like a 9 to 5 job but microwaved time to a few minutes lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,184
  • Jun 10, 2020 3:57am Jun 10, 2020 3:57am
Quoting Davidh061
{quote} Missed this from earlier, yes that is the downside of trading just one instrument, it can be a frustrating day! I'm not optimistic I will get back onto the DAX again today in the way that I trade. hey ho, there's always the garage to tidy, could even wash the car...maybe not
maybe, if we get a short range bar later on the 2 hour, we might be able to trade Dax back up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,185
  • Jun 10, 2020 3:58am Jun 10, 2020 3:58am
Quoting billytt
{quote} yaaaaaaaaaaaaay +24, at the moment break of that low. lol and NO, I didn't trade it. {image} it was going to go somewhere???
its 40 + now, lol

edit,,, Dax that is
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,186
  • Jun 10, 2020 4:00am Jun 10, 2020 4:00am
Quoting billytt
{quote} Putting it realistically, its like a 9 to 5 job but microwaved time to a few minutes lol.
That's a good way of looking at it!
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,187
  • Jun 10, 2020 4:03am Jun 10, 2020 4:03am
Quoting billytt
{quote} its 40 + now, lol edit,,, Dax that is
+70 yaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,188
  • Jun 10, 2020 4:05am Jun 10, 2020 4:05am
Quoting billytt
{quote} +70 yaaaaaaaaaaaaaaaaaaaaaaaaaaay
+110
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,189
  • Jun 10, 2020 4:06am Jun 10, 2020 4:06am
Quoting billytt
{quote} its 40 + now, lol edit,,, Dax that is
12600 was not on my mind when I looked at it this morning! I console myself by thinking that if quantum many worlds/multiverses actually exist, my parallel self is out there this morning absolutely creaming it!
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,190
  • Jun 10, 2020 4:08am Jun 10, 2020 4:08am
Quoting Davidh061
{quote} 12600 was not on my mind when I looked at it this morning! I console myself by thinking that if quantum many worlds/multiverses actually exist, my parallel self is out there this morning absolutely creaming it!
I trade line break , as you know.
it could of easily of gone up, and I would of said long.

I did say trade high/low open to where it was at the time of post. (I did show and time it).
I wasn't expecting that, but it happened,
trade it back up later.?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,191
  • Jun 10, 2020 4:09am Jun 10, 2020 4:09am
Quoting billytt
{quote} +110
Grrrrrrr....
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(Ģ)M3 10_06(2).png Size: 45 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,192
  • Jun 10, 2020 4:10am Jun 10, 2020 4:10am
Quoting Davidh061
{quote} 12600 was not on my mind when I looked at it this morning! I console myself by thinking that if quantum many worlds/multiverses actually exist, my parallel self is out there this morning absolutely creaming it!
AND, if I had traded Dax, I would of taken part of that move.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,193
  • Jun 10, 2020 4:11am Jun 10, 2020 4:11am
Quoting billytt
{quote} I trade line break , as you know. it could of easily of gone up, and I would of said long. I did say trade high/low open to where it was at the time of post. (I did show and time it). I wasn't expecting that, but it happened, trade it back up later.?
It's worth looking at, depends how crazy things get this afternoon after the various announcements..
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,194
  • Jun 10, 2020 4:30am Jun 10, 2020 4:30am
Cable, 08-00 2 hour bar,

low broke, I am shorting it for a few. hopefully.
t 10-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,195
  • Jun 10, 2020 5:12am Jun 10, 2020 5:12am
Quoting billytt
Cable, 08-00 2 hour bar, low broke, I am shorting it for a few. hopefully. t 10-30
Cable short, now closed. yaaaaaaaaay
t 11-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,196
  • Jun 10, 2020 6:13am Jun 10, 2020 6:13am
Quoting soccerfan
{quote} Well done m8..be careful, that's real cash. !!!!
Thank you soccerfan. The +5 seems to be a good target but thats just one side of the coin. I would not have known what to do exactly in case it would have retraced back on me before reaching TP (like it did in that example just a few pips later). Today i used a mental stop here. I would have closed the position at -15 Pips then in the hope of my next 3 days would be winners again to be back break even at least.

If opened a counter trade at -15 instead of closing the position, i still donīt know what i would have to do after that. It would be locked in then / hedged and wouldnīt generate further loss (understand). But not sure at what point i would finally stop the losing side of the hedge then if it just wouldnīt retrace back to my favour.

I guess finally if my broker would stop me out because the margin level reached (hopefully closed the unprofitable trade first).

Not to forget about negative swap / carry costs a possible hedged trade would effect? You see, I am not experienced enough for that yet. On the other hand i donīt see how i would still doing good with this one setup / method, doing only that one trade per day but using a fixed stop. It probably wonīt work out then anymore in the longer term.

Anyways happy to achieved a positive result today and managed to stop further trading for today. Everything closed already since 08:17
  • #50,197
  • Jun 10, 2020 6:33am Jun 10, 2020 6:33am
think of a trade as a meal.
soup, main, pudding, mars bar. you can stop eating any time.

my trade, enter, win ,close.
OR
enter, fail, next trade ( like the meal)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,198
  • Jun 10, 2020 6:39am Jun 10, 2020 6:39am
Quoting lddd
{quote} Thank you soccerfan. The +5 seems to be a good target but thats just one side of the coin. I would not have known what to do exactly in case it would have retraced back on me before reaching TP (like it did in that example just a few pips later). Today i used a mental stop here. I would have closed the position at -15 Pips then in the hope of my next 3 days would be winners again to be back break even at least. If opened a counter trade at -15 instead of closing the position, i still donīt know what i would have to do after that. It would...
A loss is too expensive at your cash level & lack of plan
My broker has a v small spread..low commission, I have been trading my plan as previously discussed.....!!!
The most I lose is 5 pips at a time..haha..!
Trade carefully & have a plan to save a loss as cash is precious....good luck
Attached Image (click to enlarge)
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Onwards and upwards...
  • #50,199
  • Jun 10, 2020 6:51am Jun 10, 2020 6:51am
Quoting soccerfan
{quote} A loss is too expensive at your cash level & lack of plan My broker has a v small spread..low commission, I have been trading my plan as previously discussed.....!!! The most I lose is 5 pips at a time..haha..! Trade carefully & have a plan to save a loss as cash is precious....good luck {image}
good post SF, Have A Plan.. Plan B.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,200
  • Jun 10, 2020 6:52am Jun 10, 2020 6:52am
Quoting billytt
think of a trade as a meal. soup, main, pudding, mars bar. you can stop eating any time. my trade, enter, win ,close. OR enter, fail, next trade ( like the meal)
Meals ? Scottish speciality Billy ?

Oh - one other thing ?
Attached Images
every Saint has a past. Every Sinner has a Future
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