Billytt Die happy trading e/j daily breakout | Page 2521 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,401
  • Jun 16, 2020 3:19am Jun 16, 2020 3:19am
Quoting lddd
GBP/USD 08:00 +1% (7 Pips) {image} ... So what now? I am done for the day again. So much time left...
THAT is the most difficult part;-)
trading is like dancing, don't think and just listen to the music!
  • #50,402
  • Jun 16, 2020 3:26am Jun 16, 2020 3:26am
Cable, my 5 day adr is 156...…...
E/U my adr for 5 days is 114
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,403
  • Jun 16, 2020 3:26am Jun 16, 2020 3:26am
Quoting lddd
GBP/USD 08:00 +1% (7 Pips) {image} I am done. in. So much time left... Well, will have a nice breakfast now first. See you later
Time..???? Do some back testing and work out a plan
Have fun.
Onwards and upwards...
  • #50,404
  • Jun 16, 2020 3:34am Jun 16, 2020 3:34am
Quoting soccerfan
{quote} Time..???? Do some back testing and work out a plan Have fun.
I say this quite often, having one trade per day is hard , especially if it goes in first break.
TEST<TEST< TEST is as you say,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,405
  • Jun 16, 2020 4:31am Jun 16, 2020 4:31am
Nice Easy day today
GU 00-00 H4 break +0.25% ( smaller size due to bar range)
GU billy bar +0.5%
AU 06-00 H2 break low +1%
I had a good day yesterday with AU (+4.5%) so I decided to compound AU today using some of yesterdays gains. I'll have another crack compounding tomorrow.
I'm only looking for 0.5% daily so plenty of pips up my sleeve to offset any failed breaks if I cant be arsed unwinding them! although I could do with the practice
Now what to do for the rest of the evening....
  • #50,406
  • Jun 16, 2020 5:15am Jun 16, 2020 5:15am
Quoting soccerfan
{quote} Time..???? Do some back testing and work out a plan Have fun.
Well I am just not sure yet how 1 trade a day on the BillyBar would work out in case of a fail or some more fails in a row.

Then, the 3% risk compared to a 1% target would not work out. Today risk was even more and i actually broke my own rules not taking a setup where the range is > 15 Pips.

Also not sure about the ADR regarding to a trade entry. If „only“ going for around 5 Pips it shouldn’t be much of interest if ADR for the day already reached more than 70,80,90%?

Stats. Yes I would love to have my own stats. I actually searched a few hours yesterday how I could do that.

I am looking for some tools here maybe allowing to create fd statistics on the tick data I have in a more easy way than counting past price candles manually and make some excel spreadsheet.

Like for example a tool/indicator I could run on the data I have that would show me

- Average Pip Range for single candle at specific time
- Average Pip Range for the next candle IF high/low broke.
- If one end of the candle broke and retraced before reaching X pips how many times it would reach X pips then on the opposite trigger

And things like that. This would probably give me more confidence then and also helps with my risk management strategy.
  • #50,407
  • Jun 16, 2020 6:27am Jun 16, 2020 6:27am
Quoting Nikl
Nice Easy day today GU 00-00 H4 break +0.25% ( smaller size due to bar range) GU billy bar +0.5% AU 06-00 H2 break low +1% I had a good day yesterday with AU (+4.5%) so I decided to compound AU today using some of yesterdays gains. I'll have another crack compounding tomorrow. I'm only looking for 0.5% daily so plenty of pips up my sleeve to offset any failed breaks if I cant be arsed unwinding them! although I could do with the practice Now what to do for the rest of the evening....
That sounds good bro, I think most challenging part is not to become greedy and stick to the plan.
  • #50,408
  • Jun 16, 2020 6:31am Jun 16, 2020 6:31am
Quoting birdland
{quote} thx billy! yes, the 08-00 bar trade is a great thing you found and i have implemeted it into my trading. years ago i was trading 28 pairs plus oil, indices, gold trading it with one approach. i went crazy with "symbol changer"indi and several monitors. nowadays i concentrate only on GU (volatile and small spread, no DAX, no EU) looking at m1, m5, m15, m30, h1, h4 and daily chart and different templates of the many great systems here from ff and other forums i have seen in the last years. for example if i see a range big bar i switch to tooslow`s...
My template, Mate? Which one? Post chart please. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,409
  • Jun 16, 2020 6:32am Jun 16, 2020 6:32am
Quoting soccerfan
{quote} Good research.. Remember that it can faili at one end and go again the same way. ...keep up the good work.
Yes that’s what still worries me.
  • #50,410
  • Jun 16, 2020 6:36am Jun 16, 2020 6:36am
Quoting birdland
+6, thx billy! {image}
What levels are the yellow lines, Mate? CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,411
  • Jun 16, 2020 6:46am Jun 16, 2020 6:46am
Quoting TooSlow
{quote} What levels are the yellow lines, Mate? CHEERS!
Hi TS

It's just the open of the 8.00 am bar and close at 8.15 - looking for a break thereafter.

Lem's gone missing again !
  • #50,412
  • Jun 16, 2020 8:14am Jun 16, 2020 8:14am
Just checking here to see what the quote for Cable is ... no time for trading lately, got additional projects, additional pay would be good too ... lol!
Fix up, trade sharp ...
  • #50,413
  • Jun 16, 2020 8:43am Jun 16, 2020 8:43am
e/u. I posted earlier a chart , below, showing area where adr could be approx. 50% away.
Attached Image


anfd below, e/u showing adr line adjusted to show actual adr high/low at approx. 14-40
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,414
  • Jun 16, 2020 8:57am Jun 16, 2020 8:57am
People that are bored waiting for the Billy Bar to come around again , try looking at UC at 1pm (UK time). This is Lem's dead Zone set up.

Most days it will break in one direction only for at least 5 pips. Sometimes a counter trade (stop and reverse) might be required. I say 5 pips but have a look - it appears to go for 10+.
  • #50,415
  • Jun 16, 2020 8:57am Jun 16, 2020 8:57am
Quoting TooSlow
{quote} What levels are the yellow lines, Mate? CHEERS!
billys 8 0-0 m15 bar possible trade levels
trading is like dancing, don't think and just listen to the music!
  • #50,416
  • Jun 16, 2020 9:01am Jun 16, 2020 9:01am
Quoting ia1979
People that are bored waiting for the Billy Bar to come around again , try looking at UC at 1pm (UK time). This is Lem's dead Zone set up. Most days it will break in one direction only for at least 5 pips. Sometimes a counter trade (stop and reverse) might be required. I say 5 pips but have a look - it appears to go for 10+.
Use your own discretion for SL. And also, if it fails twice, probably best to come back tomorrow. It works more often than not so the wins will overcome any potential losses.
  • #50,417
  • Jun 16, 2020 9:02am Jun 16, 2020 9:02am
Quoting TooSlow
{quote} My template, Mate? Which one? Post chart please. Cheers!
this one?
i think swingman programmed the indy for it. but it should be nothing new for u i guess.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 45 KB
trading is like dancing, don't think and just listen to the music!
  • #50,418
  • Jun 16, 2020 9:06am Jun 16, 2020 9:06am
Quoting billytt
e/u. I posted earlier a chart , below, showing area where adr could be approx. 50% away. {image} anfd below, e/u showing adr line adjusted to show actual adr high/low at approx. 14-40 {image}
Hope you're well Billy.

When looking at 4 hour trades, do you normally work on four one hourly bars? I can't seem to find a chart anywhere showing me a 4 hour chart that starts at midnight UK time if you know what I mean. Most of them start at 10pm the day before. Thanks.
  • #50,419
  • Jun 16, 2020 9:13am Jun 16, 2020 9:13am
Quoting ia1979
{quote} Use your own discretion for SL. And also, if it fails twice, probably best to come back tomorrow. It works more often than not so the wins will overcome any potential losses.
good post, wins out weigh the losses, then we look around for plan B, as in daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,420
  • Jun 16, 2020 9:15am Jun 16, 2020 9:15am
Quoting ia1979
{quote} Hope you're well Billy. When looking at 4 hour trades, do you normally work on four one hourly bars? I can't seem to find a chart anywhere showing me a 4 hour chart that starts at midnight UK time if you know what I mean. Most of them start at 10pm the day before. Thanks.
I use the 4 hour bar alone.
I posted charts earlier showing 2 hour bars, but I have been trading off the 2 today.

feel free to trade off 4 x1 hour bars, but don't let them interfere with your trade,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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