Billytt Die happy trading e/j daily breakout | Page 2526 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,501
  • Jun 17, 2020 11:21am Jun 17, 2020 11:21am
Quoting lddd
{quote} Thanks. Yes i already started doing so manually for GU 08:00 until I find no other way. regards.
This was one of the most interesting finds of my stats imo.

AVERAGE RETRACE ON ALL TRADES *** Biggest Retrace of all ranges is 61% --- 61% of a Range of 30 = 18.3 pips ***

does that 61% sound familiar? Maybe you could slap on a FIB on every 00-04 bar and put your SL at 61.8. By the looks of my stats that seems to be the "last" point where price will either reverse back in the original direction or keep going to break the other side. This will save you some pips and help you with your RR.

EDIT: I also have this stat.......


AVERAGE RETRACE ( ALL RANGES )
------------------------------

11.85 pips


You have two options here if you want to try something new. Trade the 00-04 bar with AU.....Option #1 is to use the 61.8 Fib as your SL or where you start hedging if you still want to do that. Option #2 is to use a 12-15 pip SL or where you start hedging. The size of the range that you decide to trade is going to determine your RR as long as you keep your TP static.
  • #50,502
  • Jun 17, 2020 11:39am Jun 17, 2020 11:39am
Quoting bojack34
{quote} This was one of the most interesting finds of my stats imo. AVERAGE RETRACE ON ALL TRADES *** Biggest Retrace of all ranges is 61% --- 61% of a Range of 30 = 18.3 pips *** does that 61% sound familiar? Maybe you could slap on a FIB on every 00-04 bar and put your SL at 61.8. By the looks of my stats that seems to be the "last" point where price will either reverse back in the original direction or keep going to break the other side. This will save you some pips and help you with your RR. EDIT: I also have this stat....... AVERAGE RETRACE...
I think Lem may have toyed with the Fib on that candle. maybe he will comment when he returns?
every Saint has a past. Every Sinner has a Future
  • #50,503
  • Jun 17, 2020 12:07pm Jun 17, 2020 12:07pm
Quoting bojack34
{quote} This was one of the most interesting finds of my stats imo. AVERAGE RETRACE ON ALL TRADES *** Biggest Retrace of all ranges is 61% --- 61% of a Range of 30 = 18.3 pips *** does that 61% sound familiar? Maybe you could slap on a FIB on every 00-04 bar and put your SL at 61.8. By the looks of my stats that seems to be the "last" point where price will either reverse back in the original direction or keep going to break the other side. This will save you some pips and help you with your RR. EDIT: I also have this stat....... AVERAGE RETRACE...
Excellent information.
  • #50,504
  • Jun 17, 2020 12:37pm Jun 17, 2020 12:37pm
Trading the 08-00 or 00-00 bar's, will not work if you don't put the hours in.

You will never ever have , trigger, entry trade , close trade, profit 100% of the time..
You will never have a 2/1 ,3/1 money management return.
You will never ever have a set and forget trade with this.

actually, i had a bot /ea a couple of years ago which could do it, it could trade off other times,
It can be done but costly. and no it isnt for sale. In fact i don't have it in my cottage.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,505
  • Jun 17, 2020 1:22pm Jun 17, 2020 1:22pm
Quoting billytt
Trading the 08-00 or 00-00 bar's, will not work if you don't put the hours in. You will never ever have , trigger, entry trade , close trade, profit 100% of the time.. You will never have a 2/1 ,3/1 money management return. You will never ever have a set and forget trade with this. actually, i had a bot /ea a couple of years ago which could do it, it could trade off other times, It can be done but costly. and no it isnt for sale. In fact i don't have it in my cottage.
For the moment I would be fine with knowing what I should do in case of a GU 08:00 trade that i have to lock in. I am reading through all the information given here regarding this, a lot is still new to me.

I am willing to put in the time it needs, just monitoring trades all day isn’t possible at the moment to me and 00 - 07 am i am not free for active screen time.

Well I think there will be trades coming soon I have to lock in or take a loss, already 7 text book worked out trades in a row.

Will let you know once in drawdown ;-)
  • #50,506
  • Jun 17, 2020 3:35pm Jun 17, 2020 3:35pm
A slightly unusual situation on AU 4am to 8am break today. It broke high, but never made the 10. And didn't break the other side either.

Come to think of it, ranges have been rather small today.
  • #50,507
  • Jun 17, 2020 3:38pm Jun 17, 2020 3:38pm
Quoting bojack34
{quote} This was one of the most interesting finds of my stats imo. AVERAGE RETRACE ON ALL TRADES *** Biggest Retrace of all ranges is 61% --- 61% of a Range of 30 = 18.3 pips *** does that 61% sound familiar? Maybe you could slap on a FIB on every 00-04 bar and put your SL at 61.8. By the looks of my stats that seems to be the "last" point where price will either reverse back in the original direction or keep going to break the other side. This will save you some pips and help you with your RR. EDIT: I also have this stat....... AVERAGE RETRACE...
Great info. Thanks.
  • #50,508
  • Jun 17, 2020 3:44pm Jun 17, 2020 3:44pm
Quoting ia1979
A slightly unusual situation on AU 4am to 8am break today. It broke high, but never made the 10. And didn't break the other side either. Come to think of it, ranges have been rather small today.
Hi, a retrace back into the 04-00 range, the bias is still long. I haven't looked at it today.
Meaning, until the low triggers it is long.
Both Cable & E/U were slow, BUT they moved enough to be battered.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,509
  • Jun 17, 2020 3:45pm Jun 17, 2020 3:45pm
Quoting billytt
{quote} TS, Amazing post, these stats are as good as the Grail. with the Frequency Distribution Stats, I look for the minimum amount of points made between ever bar.
Do you use minimum points as take profit?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,510
  • Jun 17, 2020 3:47pm Jun 17, 2020 3:47pm
BO. Thanks a lot bud for contributing your knowledge and stats, methods etc. As others have also.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,511
  • Jun 17, 2020 4:01pm Jun 17, 2020 4:01pm
Quoting TooSlow
{quote} Do you use minimum points as take profit?
Hi bud, hope you are well.
Deep breath in,,,,,, welllllllll. erm. Yes (and no)
Do you understand Frequency Distribution? I say this nicely.
Example, if we have 1000 bars, On break, 200 bars make 10 +pips,200 make 20+ pips, 200 make 30+, etc etc.
The common number for profit is 10. Every winning bar made +10.(OK I did not mention losers).
So we trade for 5, with great odds.
Suppose, our bar breaks an inside bar which also has great odds? Suppose our bar breaks the 00-00 4 hour bars.
We start to get a win win win situation. Therefore we can take more than 5
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,512
  • Jun 17, 2020 4:02pm Jun 17, 2020 4:02pm
Quoting billytt
{quote} Hi bud, hope you are well. Deep breath in,,,,,, welllllllll. erm. Yes (and no) Do you understand Frequency Distribution? I say this nicely. Example, if we have 1000 bars, On break, 200 bars make 10 +pips,200 make 20+ pips, 200 make 30+, etc etc. The common number for profit is 10. Every winning bar made +10.(OK I did not mention losers). So we trade for 5, with great odds. Suppose, our bar breaks an inside bar which also has great odds? Suppose our bar breaks the 00-00 4 hour bars. We start to get a win win win situation. Therefore...
Edit. Of course you know FD stats lol. Maybe others don't.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,513
  • Jun 17, 2020 5:30pm Jun 17, 2020 5:30pm
Quoting billytt
BO. Thanks a lot bud for contributing your knowledge and stats, methods etc. As others have also.
YW. The least I can do.
  • #50,514
  • Jun 17, 2020 6:05pm Jun 17, 2020 6:05pm
Quoting bojack34
{quote} YW. The least I can do.
Thanks Bojack really appreciate it
  • #50,515
  • Jun 17, 2020 8:36pm Jun 17, 2020 8:36pm
Quoting Nikl
Hi all another early bird trade this morning GU 00-00 H2 break low for +0.5% see you later on
GU 00-00 H2 break low for +1%
  • #50,516
  • Jun 18, 2020 12:49am Jun 18, 2020 12:49am
Hi all,
charts copied a few minutes ago, time now 06-47 am.
Below cable, I put the black adr area line showing 50% high/low area from 00-00 open, same with e/u. when price moves it gets adjusted.
Attached Image


below e/u
Attached Image


edit, e/u is 4 hour chart too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,517
  • Jun 18, 2020 1:09am Jun 18, 2020 1:09am
Quoting Nikl
{quote} GU 00-00 H2 break low for +1%
Hi N, hope you are well.
those 2 hour bars are quite productive.
good to see you getting the %%%%%%, yaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,518
  • Jun 18, 2020 1:17am Jun 18, 2020 1:17am
Quoting billytt
{quote} Hi N, hope you are well. those 2 hour bars are quite productive. good to see you getting the %%%%%%, yaaaaaaaaaaaaaaaaaaaaaay
Hi Billy
yeah all good mate Definitely enjoying the H2 bars! The GU 00-00 and AU 06-00 especially
Cheers
  • #50,519
  • Edited 2:40am Jun 18, 2020 2:25am | Edited 2:40am
GU 08:00. Looks choppy? Range 20 Pips...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxopen-investments-inc-4.png Size: 53 KB


Update: Low broke. Short triggered.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxopen-investments-inc-5.png Size: 69 KB


Got my +1% (7 Pips). I am done for today again.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fxopen-investments-inc-6.png Size: 44 KB
  • #50,520
  • Jun 18, 2020 2:34am Jun 18, 2020 2:34am
Quoting lddd
GU 08:00. Looks choppy? Range 20 Pips... {image} Update: Low broke. Short triggered. {image}
+5!!
PIVOT Return This Year: na
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