Billytt Die happy trading e/j daily breakout | Page 2548 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,941
  • Jun 24, 2020 4:32pm Jun 24, 2020 4:32pm
Quoting claudia1
{quote} No no no. Simply the break of the candle with this. Forgetting news, round numbers etc etc - simple as simple.
I’m all for simple!
  • #50,942
  • Jun 24, 2020 4:32pm Jun 24, 2020 4:32pm
Quoting lddd
{quote} Ok, if you say so. Yeah don't get it like you describe it, maybe thats the problem. Why not just showing a GU 08:00 break out trade failed you had to counter on and show what this would look like so i might get it. Maybe you did in the past, searched the topic, couldn't find one so far. Anyways. So i take the SL at -3% fix for now. This would mean 3 consecutive days in a row +1% would get me back break even. Not sure what you mean by "selective". {quote} If you throw something like that in the room, could you explain what makes you think...
Mr T, where are you, help!.
You are looking at the negative all of the time.
IF you think like this, do not trade.
Look at 00-00 4 hr area. I have said time and time again. Back check it, look at wins, losses, gains, lots of points.
I hammer the 08-00 break, it all leads to the 00-00 bar if it fails. It isn't magic. It is better than magic.
I am not going there with the broker it looks soo not right.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,943
  • Jun 24, 2020 4:33pm Jun 24, 2020 4:33pm
Quoting Nikl
{quote} I’m all for simple!
In the right place then !
  • #50,944
  • Jun 24, 2020 4:33pm Jun 24, 2020 4:33pm
Quoting claudia1
{quote} Visits to the vet might be an experience though ...
Yes - the vet taking his temperature might unnerve him though
every Saint has a past. Every Sinner has a Future
  • #50,945
  • Jun 24, 2020 4:34pm Jun 24, 2020 4:34pm
Quoting claudia1
{quote} In the right place then !
I was top of the class for being simple..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,946
  • Jun 24, 2020 4:35pm Jun 24, 2020 4:35pm
Quoting turnip15
{quote} Yes - the vet taking his temperature might unnerve him though
Ouch. Test for covid at same time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,947
  • Jun 24, 2020 4:38pm Jun 24, 2020 4:38pm
Quoting billytt
{quote} Ouch. Test for covid at same time.
Haha! You know if the end of the swab touches the end of the thermometer you’ve gone too far!
  • #50,948
  • Jun 24, 2020 4:38pm Jun 24, 2020 4:38pm
Claudia. 33 viewers?
They wanna see the certificates being given out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,949
  • Jun 24, 2020 4:39pm Jun 24, 2020 4:39pm
Quoting Nikl
{quote} Haha! You know if the end of the swab touches the end of the thermometer you’ve gone too far!
I am laughing so much here. Thanks bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,950
  • Jun 24, 2020 4:40pm Jun 24, 2020 4:40pm
Quoting billytt
{quote} I was top of the class for being simple..
Seeings its turned in to a chatty and fun evening - who is the dumbest you have come across on Ff in all these years (and don't say me) think we'll have the same answer.
  • #50,951
  • Jun 24, 2020 4:42pm Jun 24, 2020 4:42pm
Gonna go, gf thinks I have a lover online lol.
Hopefully be back online just after 04-00 am UK Time to trade the 00-00 4 hour break. Lol. zzzzzzz
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,952
  • Jun 24, 2020 4:43pm Jun 24, 2020 4:43pm
Quoting claudia1
{quote} Seeings its turned in to a chatty and fun evening - who is the dumbest you have come across on Ff in all these years (and don't say me) think we'll have the same answer.
Cruel. DB is daddy and he has a son. Lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,953
  • Jun 24, 2020 4:44pm Jun 24, 2020 4:44pm
Quoting billytt
{quote} Cruel. DB is daddy and he has a son. Lol
Lol got it in one !
  • #50,954
  • Jun 24, 2020 4:57pm Jun 24, 2020 4:57pm
Quoting billytt
{quote} Mr T, where are you, help!. You are looking at the negative all of the time. IF you think like this, do not trade. Look at 00-00 4 hr area. I have said time and time again. Back check it, look at wins, losses, gains, lots of points. I hammer the 08-00 break, it all leads to the 00-00 bar if it fails. It isn't magic. It is better than magic. I am not going there with the broker it looks soo not right. Trade Well.
Ok. Thank you anyway. Its a different sever time than IG. Maybe this causes irritation. Again, i am not negative just i guess a bit younger, a bit less experienced. I read and appreciate all the help here. But just falling in euphoria also didn't lead to financial freedom so far, lol. So sorry again if my questions come across negatively.

Good night everyone.
  • #50,955
  • Jun 24, 2020 5:00pm Jun 24, 2020 5:00pm
Quoting billytt
{quote} Mr T, where are you, help!. You are looking at the negative all of the time. IF you think like this, do not trade. Look at 00-00 4 hr area. I have said time and time again. Back check it, look at wins, losses, gains, lots of points. I hammer the 08-00 break, it all leads to the 00-00 bar if it fails. It isn't magic. It is better than magic. I am not going there with the broker it looks soo not right. Trade Well.
Billy ,you have patiently tried to answer many questions from this unfortunate man. You are aware the befuddled fellow has failed to master the truism that theory alone ( asking lots of questions and reading) without practice, will lead to growing confusion in his mind and no improvement in his trading fortunes ( evidenced by his several started threads and eleven years of running around in a circular sea of confusion with no marked improvement in skill to justify such time expended.) Maybe he might, eventually, realise the futility of flitting from forum to forum and from method to method like the proverbial butterfly. But far worse, he cannot assimilate and act upon advice given him and does not have the innate ability to realise that his continued behaviour is causing the patience of those, who are naturally inclined to help others, to wear thin.
William - perhaps a more direct approach is needed?
Example: ( avert your gaze Claudia)
Attached Image
every Saint has a past. Every Sinner has a Future
  • #50,956
  • Jun 24, 2020 5:03pm Jun 24, 2020 5:03pm
Quoting billytt
Gonna go, gf thinks I have a lover online lol. Hopefully be back online just after 04-00 am UK Time to trade the 00-00 4 hour break. Lol. zzzzzzz
Very warm here. Another G&T and then goodnight. Bet the bl...y owl serenades me again around 2 am
every Saint has a past. Every Sinner has a Future
  • #50,957
  • Jun 24, 2020 6:09pm Jun 24, 2020 6:09pm
Orders either side time.
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  • #50,958
  • Edited 6:53pm Jun 24, 2020 6:16pm | Edited 6:53pm
Quoting lddd
{quote} Ok. Thank you anyway. Its a different sever time than IG. So sorry again if my questions come across negatively. Good night everyone.
Hey Idd
I know how you feel with countering,hedging,etc..

you can adapt the break out plan to your own style..

Quietly, patiently, respectfully

We can all learn together
Thanks...
Onwards and upwards...
  • #50,959
  • Jun 24, 2020 6:55pm Jun 24, 2020 6:55pm
Quoting lddd
{quote} Ok, if you say so. Yeah don't get it like you describe it, maybe thats the problem. Why not just showing a GU 08:00 break out trade failed you had to counter on and show what this would look like so i might get it. Maybe you did in the past, searched the topic, couldn't find one so far. Anyways. So i take the SL at -3% fix for now. This would mean 3 consecutive days in a row +1% would get me back break even. Not sure what you mean by "selective". {quote} If you throw something like that in the room, could you explain what makes you think...
Let me try and address your confusion here. I too, was in the same boat at the start. People think the purpose of the counter is to try and get out of the losing trade. That's not the case here. The purpose of the counter is to hold the loss in place. You could easily use a stop loss (should definitely use a stop loss to start with, until very experienced).

Now that the trade is held in a 15 pip loss (or whatever that number is), Billy and others here choose to forget about it for now. They then look for different triggers on the same day, or the day after, or the month after. Whatever and whenever takes their fancy. They clear that loss by placing additional trades, off different triggers. We don't keep countering if price keeps moving up and down. I have seen the bar high and low breaking 7 times on one day before. We place 1 counter, and move on.

So, what is the point of the the counter, I hear you ask? Let's assume the Billy Bar gives you a short trigger tomorrow morning. It then reverses and gives you a long trigger. You now have a 15 pip loss (not a real loss yet, just a trade held in limbo). Price then moves around a bit and your long trade makes 25 pips (technically you haven't made anything because your short trigger is still in a 40 pip loss (and in total you are still down 15 pips). Following me so far? At some point tomorrow you then get another short trigger (lots of triggers are discussed here. Pick one you like). Don't open another short trade. Well you can if you want, but I think it'll get confusing. When you get this short trigger, you close your long trade in profit. Now all you have left is the short trade. Remember, this is because you got another valid short trigger at some point. You didn't just randomly close your long trade.

Now you have 2 options. Your long trade has already closed in profit and as price is moving back down after your new short trigger, your loss on the original short is slowly reducing as well. You can wait for it to go all the way back down to the original short trigger and close it at breakeven. Or you can add on some additional shorts on the way back down to close the overall short sequence faster.

End result is that you didn't take a loss. If you use a hard SL, you have taken the loss. If you counter, you can technically close all your trades in profit. It depends on your level of experience as well as how much money you're willing to lock up in margin. Also, you might not be able to close all the trades in profit on the same day.

There are so many different triggers here on this forum. Keep going through it and you'll hopefully find what you're looking for. For now, I think you're doing just fine using the 8am bar with only 1 loss in 2.5 weeks. Now remember, the Billy bar has lost 3 days in a row in the past year at some point. At your levels, you would be down 9%. As long as you're fine with that, you might not need any other triggers or methods.

This is my take on it from what I've read. And the example above was given to me by one of the experts on here. Just be ready for a fail, as it will happen, and when it does, know what you want to target next to be in the plus again. Hopefully I have explained it well enough and it all makes sense.
  • #50,960
  • Jun 24, 2020 8:43pm Jun 24, 2020 8:43pm
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Meanwhile, back to trading. Two pips is 2 pips. Ranges for the last 24 H1 bars displayed along with where they fall in the percentile of the last 100 H1 bars. Does anyone trade the daily open cross?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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