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Billytt Die happy trading e/j daily breakout

  • #50,781
  • Jun 23, 2020 6:52am Jun 23, 2020 6:52am
Quoting Davidh061
{quote} Hi Claudia, IG just frozen on me. On the whole I don't have any problems and been with IG for some time but the spreads were slipping around on the DAX earlier.
Spread is jumping between 9 and 15 again on cable doesn't bother me too much. It's the freezing platform.

They must be getting inundated with complaints. Been with them 10 years + now. Had a few problems on the way, but they have always resolved them in my favour. See what happens this
  • #50,782
  • Jun 23, 2020 6:54am Jun 23, 2020 6:54am
Quoting Stev1929
{quote} Same here Claudia, locked into a trade thankfully in profit and mt4 via IG disabled trading on that pair, rapid phone call and they said its happened to a few (probably 000's) of clients yesterday and offered to put a stop in for me or close the trade, all resolved overnight
Ask for compensation you will get it.
  • #50,783
  • Jun 23, 2020 6:56am Jun 23, 2020 6:56am
Quoting claudia1
{quote} Ask for compensation you will get it.
They did say if my trade had gone into the red they would fully reimburse me any losses
  • #50,784
  • Jun 23, 2020 6:58am Jun 23, 2020 6:58am
Quoting Stev1929
{quote} They did say if my trade had gone into the red they would fully reimburse me any losses
Can't argue with that can you.
  • #50,785
  • Jun 23, 2020 7:03am Jun 23, 2020 7:03am
Quoting claudia1
{quote} IG seem to be going through a strange patch the spreads are up and down. MT4 platform froze again yesterday - got a complaint in as couldn't close a win which turned into a loss. See live chat is not available. They still pay out quick though. Ignore what Lddd said above the last thing you need is a broker outside the EU (thought UK had left the EU). At least IG are properly regulated.
Try FX pro. Quite ok overall for a broker lol.
Fix up, trade sharp ...
  • #50,786
  • Jun 23, 2020 7:06am Jun 23, 2020 7:06am
Quoting lddd
{quote} But you only pay on spread right, no extra commissions per round-turn lot, so market maker model? I once traded with another big UK based broker (London) years ago. I always felt cheated there somehow. But most annoying of all was they likely called me 3 times a day trying to sell me something ... There is obviously a conflict on interest with brokers having to take the other side of your trade. Now leverage even reduced due to ESMA. Probably not easy to make money here. Why not working with a broker outside of the EU?
But you claimed to be a 'newbie' as you told Turnip. Now been trading for years - make your mind up !!
  • #50,787
  • Jun 23, 2020 7:10am Jun 23, 2020 7:10am
Quoting lddd
{quote} But you only pay on spread right, no extra commissions per round-turn lot, so market maker model? I once traded with another big UK based broker (London) years ago. I always felt cheated there somehow. But most annoying of all was they likely called me 3 times a day trying to sell me something ... There is obviously a conflict on interest with brokers having to take the other side of your trade. Now leverage even reduced due to ESMA. Probably not easy to make money here. Why not working with a broker outside of the EU?
You could try Micro Futures via AMP (USA) or AMP Global Europe ( same company):
https://www.ampfutures.com

CME info on Micro Futures
https://www.cmegroup.com/trading/equ...i-futures.html

Ninja Trader and others also market CME Micro Futures:
https://ninjatrader.com/Micro-Emini-Futures

Ps. Both are regulated.
every Saint has a past. Every Sinner has a Future
  • #50,788
  • Jun 23, 2020 7:13am Jun 23, 2020 7:13am
I chose not to trade the 08-15 GU today because the Open of the candle was less than 1 pip away from the trigger. Congrats to those who got some %'s today from it.
  • #50,789
  • Edited 7:34am Jun 23, 2020 7:17am | Edited 7:34am
Quoting claudia1
{quote} But you claimed to be a 'newbie' as you told Turnip. Now been trading for years - make your mind up !!
Well, I would also call myself a newbie. Trading for years, but only semi-professional for maybe a year out of 7 years.
Fix up, trade sharp ...
  • #50,790
  • Jun 23, 2020 7:21am Jun 23, 2020 7:21am
The 00:00 H4 Range has been a pita today, a few pips broken to the high side, with a retrace back at the bottom, then a few pips broken to the downside, and now back at the top
  • #50,791
  • Jun 23, 2020 7:33am Jun 23, 2020 7:33am
Quoting lddd
{quote} Why the two trades here for today and M5 Chart?
Hi - first trade is the billy bar (which I simply trade of the 3 M5 candles at the moment), and the second is a 'backup' method (not my own design ) that I plan to use for recovery should 8:15 go wrong. I noted on the 8:15 break on the same chart, for my own interest as much as anything, that it fulfilled the same rules as my backup method.

Any who have watched my chart postings over the last few months will have noticed that I would appear to have been consistently been inconsistent - that evolution will likely continue as I gradually find something that I'm more and more comfortable with personally, however the difference this time (to all the other years I've had a crack at trading) is that I've have only changed my approach as I've read & listened & played real-time, in the background, over & over. Prior to this, if I'm totally honest with myself, I was really just a backtester and, guess what - I could make EVERY method fail with ease....I wasn't a public disser of methods, but just was always able to see how I could loose, so in my eyes nothing 'worked' and it melted my head all the time.

So - it's been good, really good, to have another crack and bump into a few folks who have given YEARS of posting and expertise, who have condensed a lifetime of trading experience into threads here, yet are still putting the time in to help others. That material, both old and new, gradually helped me these few months get to where I am now, which is simply trading a very small live account and making a few pounds rather than loosing it, along with having a clear plan in my head about how I can probably end the week green....a position I've never been in before in this game. You all know who you are - thanks once again ladies & gents .

This is a slightly longer answer than you maybe expected iddd, but I hope it resonates.
  • #50,792
  • Jun 23, 2020 8:25am Jun 23, 2020 8:25am
Quoting claudia1
{quote} But you claimed to be a 'newbie' as you told Turnip. Now been trading for years - make your mind up !!
A newbie in terms of trading like its discussed here and understanding all the technical terms like a seasoned pro.

And yes, you are right. The UK left the EU, I already forgot about it. Even Harry left, soon you are left alone with bad food and bad weather :-)

There are brokers outside of EU or England which are regulated too and might able to offer lower trading costs under conditions might sweet better for the one or other trader. That’s all I wanted to say as he mentioned having problems with this one.

Have a nice day.
  • #50,793
  • Jun 23, 2020 8:42am Jun 23, 2020 8:42am
Quoting lddd
{quote} A newbie in terms of trading like its discussed here and understanding all the technical terms like a seasoned pro. And yes, you are right. The UK left the EU, I already forgot about it. Even Harry left, soon you are left alone with bad food and bad weather :-) There are brokers outside of EU or England which are regulated too and might able to offer lower trading costs under conditions might sweet better for the one or other trader. That’s all I wanted to say as he mentioned having problems with this one. Have a nice day.
Ok let's leave it there.

Harry is no big loss and he'll come crawling back when Meg dumps him. Weather is good currently 24c here - won't last long of course. Food - my ex is German and living in Bavaria now. Had plenty German food but I cook better !
  • #50,794
  • Jun 23, 2020 8:47am Jun 23, 2020 8:47am
Quoting stu
{quote} Hi - first trade is the billy bar (which I simply trade of the 3 M5 candles at the moment), and the second is a 'backup' method (not my own design ) that I plan to use for recovery should 8:15 go wrong. I noted on the 8:15 break on the same chart, for my own interest as much as anything, that it fulfilled the same rules as my backup method...
Ah okay. Thanks for the reply. I can feel your words, similar situation with me instead I never invested lot of time into backtesting a strategy, at least not like it’s done here with generating FD stats to have a foundation of confidence/edge such strategy could work over the longer term.

I mostly ruined my past results due to over trading and chasing trades on seeing indicators crossing over during the day without thinking about time of the day or focusing on one specific market, I tried to trade them all where ever I get a „valid“ signal and did hunt for 20-30 pips per trade instead of just +5 which is already a huge difference I feel now having to trade only this one setup and become comfortable with it. As i don’t need to make a lot of pips to be happy I think this could be a game changer for me but don’t have that backup plan yet to fix a „failed“ entry, but I am into learning to do that.
  • #50,795
  • Jun 23, 2020 8:48am Jun 23, 2020 8:48am
Quoting claudia1
{quote} Ok let's leave it there. Harry is no big loss and he'll come crawling back when Meg dumps him. Weather is good currently 24c here - won't last long of course. Food - my ex is German and living in Bavaria now. Had plenty German food but I cook better !
  • #50,796
  • Jun 23, 2020 8:54am Jun 23, 2020 8:54am
Quoting lddd
{quote} Didn´t notice about news this morning. Just looking at the FF Calendar it shows red news for EUR currency. Do you always pass on trades where there are red flagged news also for markets not primarily these news are announced for, like GBP/USD there was nothing scheduled for 08:00.
i passed the trade because it was too fast breaking the m15 high. so i could not set the stop buy order.

i only pass the trade when there are red or orange news for GU. but Euro red news affected the speed of the GU rise. thats what i ment.
trading is like dancing, don't think and just listen to the music!
  • #50,797
  • Jun 23, 2020 8:55am Jun 23, 2020 8:55am
Quoting billytt
{quote} that short was a fail, but the high break fixed it, lol edit , the 04-00 2 bar low was a fail, but it was fixed off the 06-00 2 hour bar lol
Yeah I got caught with that one too but managed to come out on top for BE plus a few. Looking at it now (EU) I could have made a whole lot more!
bedtime now
cheers
  • #50,798
  • Jun 23, 2020 8:56am Jun 23, 2020 8:56am
Quoting lddd
{quote} A newbie in terms of trading like its discussed here and understanding all the technical terms like a seasoned pro. And yes, you are right. The UK left the EU, I already forgot about it. Even Harry left, soon you are left alone with bad food and bad weather :-) There are brokers outside of EU or England which are regulated too and might able to offer lower trading costs under conditions might sweet better for the one or other trader. That’s all I wanted to say as he mentioned having problems with this one. Have a nice day.
Never been so cold as when I was working in Berlin, great city but bloody freezing in the winter! Still, the hot winds from Siberia will keep Berlin at a nice toasty 30C in the winter as a result of climate change. Bad food... you are a bit out of touch lddd, the days of brown windsor soup and over-cooked beef are long gone. Not sure that a country whose national dish has evolved into curried bratwurst is in a good position to tell anyone about food! Not that there is anything wrong with currywurst Helmut Kohl's cookbook involved vast amounts of lard! As for Harry......
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,799
  • Jun 23, 2020 9:03am Jun 23, 2020 9:03am
Quoting stu
{quote} Hi - first trade is the billy bar (which I simply trade of the 3 M5 candles at the moment), and the second is a 'backup' method (not my own design ) that I plan to use for recovery should 8:15 go wrong. I noted on the 8:15 break on the same chart, for my own interest as much as anything, that it fulfilled the same rules as my backup method. Any who have watched my chart postings over the last few months will have noticed that I would appear to have been consistently been inconsistent - that evolution will likely continue as I gradually...
I noticed your "dead horse" trading over on the other side Stu. Glad you're making it work. And you're right, one should always have a back up plan, because we can't win every single trade every single day. As long as we come out ahead at the end of day/week. Lem posted the indicators in a reply to me in the other galaxy if they're of interest to you. Although you seem to be doing just fine without them

Edit: I need my eyes tested as clearly you are using the indicators
  • #50,800
  • Jun 23, 2020 9:21am Jun 23, 2020 9:21am
Quoting Davidh061
{quote} Never been so cold as when I was working in Berlin, great city but bloody freezing in the winter! Still, the hot winds from Siberia will keep Berlin at a nice toasty 30C in the winter as a result of climate change. Bad food... you are a bit out of touch lddd, the days of brown windsor soup and over-cooked beef are long gone. Not sure that a country whose national dish has evolved into curried bratwurst is in a good position to tell anyone about food! Not that there is anything wrong with currywurst Helmut Kohl's cookbook involved...
Gluevine and schnapps are good though - maybe not in the same glass ...
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