Billytt Die happy trading e/j daily breakout | Page 2579 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,561
  • Jul 4, 2020 4:47am Jul 4, 2020 4:47am
Quoting billytt
{quote} Hi LL, and welcome. First, I want my 5%. Long failed then other end broke. I then made my 5% so closed trade. I also have a counter. Then I chase the daily range. YOU DO NOT NEED TO COUNTER, USE A STOP, My method I have to counter, I would lose if I had a stop. Can you Google the old game called KERPLUNK? Hopefully spelled correct. The aim is to carefully remove straws without the balls/marbles dropping. My method with counter, is similar. I remove straws BUT WANT THE MARBLES TO DROP. Trade Well.
Will google as we speak. Thank you.

When there are two lines close each other, one is the high and the other is the low, do you put both trades of buy and sell ?

Regards,
L
  • #51,562
  • Jul 4, 2020 6:42am Jul 4, 2020 6:42am
Quoting billytt
{quote} Hi Mr T, hope you are well. I started watching the clip. I didn't get to the main part as I nodded off lol. BUT, what a load of tosh. Arbritrage/ latency is not illegal. Get different prices between brokers
This proves that people should ignore most of what I post as bollocks ! Most do anyway.
Where is the sunshine ?
every Saint has a past. Every Sinner has a Future
  • #51,563
  • Jul 4, 2020 7:42am Jul 4, 2020 7:42am
Quoting turnip15
{quote} This proves that people should ignore most of what I post as bollocks ! Most do anyway. Where is the sunshine ?
I'm here !

Get a G & T for Mrs T and put a small bet on the Derby for later. Lem will cringe but it's a bit of fun.
  • #51,564
  • Jul 4, 2020 7:51am Jul 4, 2020 7:51am
Quoting turnip15
{quote} This proves that people should ignore most of what I post as bollocks ! Most do anyway. Where is the sunshine ?
Inserted Video
  • #51,565
  • Jul 4, 2020 8:24am Jul 4, 2020 8:24am
Quoting claudia1
{quote} I'm here ! Get a G & T for Mrs T and put a small bet on the Derby for later. Lem will cringe but it's a bit of fun.
Here comes the sun

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #51,566
  • Jul 4, 2020 8:34am Jul 4, 2020 8:34am
Love the guitar work on this one.
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #51,567
  • Jul 4, 2020 9:20am Jul 4, 2020 9:20am
Quoting turnip15
{quote} This proves that people should ignore most of what I post as bollocks ! Most do anyway. Where is the sunshine ?
NOOOOOOOOOOOOOOOOO Mr T, carry on posting.
i was ust hacked off when that guy said ,,quote, it is illegal to use arbritrage?????
maybe in the Transvaal it is but not here.
it is akin to buying a tin of beans in aldi or double the price in Marks and Sparks,
Have a good weekend, i will try and get the sun out.

there you go, Tinky.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,568
  • Edited 11:37am Jul 4, 2020 9:21am | Edited 11:37am
Quoting claudia1
{quote} I'm here ! Get a G & T for Mrs T and put a small bet on the Derby for later. Lem will cringe but it's a bit of fun.
Not at all. Betting on The Derby should be made compulsory
  • #51,569
  • Jul 4, 2020 11:36am Jul 4, 2020 11:36am
[quote=billytt;13041483]
Quoting billytt
{quote} Hi Mr T, hope you are well. I started watching the clip. I didn't get to the main part as I nodded off lol. BUT, what a load of tosh. Arbritrage/ latency is not illegal. That was enough for me to stop watching. Get different prices between brokers is going to be difficult if not impossible. Doing it with bookies with an outcome is. ie, tennis always has a winner.
Now that is a blast from the past, Billy. If you can find an arb with the bookies, catch it and plate it in gold, as these days they all use Betfair and the days of playing that edge are pretty much long gone
  • #51,570
  • Jul 4, 2020 11:45am Jul 4, 2020 11:45am
[quote=lemercenaire;13041778]
Quoting billytt
{quote} Now that is a blast from the past, Billy. If you can find an arb with the bookies, catch it and plate it in gold, as these days they all use Betfair and the days of playing that edge are pretty much long gone
I use to "middle" two different bookies with College Basketball back in the day. I would sometimes get a 10 pt difference if some news would come out before the game. One bookie used the "spread" from the news paper and the other would get updates throughout the day from vegas. It was like printing money. Eventually they caught on since they knew each other and they asked me to stop.
  • #51,571
  • Jul 4, 2020 1:58pm Jul 4, 2020 1:58pm
[quote=bojack34;13041780]
Quoting lemercenaire
{quote} I use to "middle" two different bookies with College Basketball back in the day. I would sometimes get a 10 pt difference if some news would come out before the game. One bookie used the "spread" from the news paper and the other would get updates throughout the day from vegas. It was like printing money. Eventually they caught on since they knew each other and they asked me to stop.
When you think about what you used to be able to get away with before the days of the internet and mobile phones, lol.
  • #51,572
  • Jul 4, 2020 4:04pm Jul 4, 2020 4:04pm
[quote=lemercenaire;13041778]
Quoting billytt
{quote} Now that is a blast from the past, Billy. If you can find an arb with the bookies, catch it and plate it in gold, as these days they all use Betfair and the days of playing that edge are pretty much long gone
Countries arbritrage.
Bookies. I actually mean get a USA one and a Brit one.
Example, US will favour a USA player before a Brit and vice versa, and forgetting currencies a slight discrepancy can/ does happen.
Its free money.
Just saying, forex is easier.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,573
  • Jul 4, 2020 4:12pm Jul 4, 2020 4:12pm
Quoting LLukE
{quote} Will google as we speak. Thank you. When there are two lines close each other, one is the high and the other is the low, do you put both trades of buy and sell ? Regards, L
Hi LL, apologies, I have only just seen your post.
2 Close lines? If it is the 08-00 break., I will want a 15 point range. If it isn't I will manually adjust it.
Meaning, if it opens and then reverses, I will adjust the range to 15. Whip can screw us up. And normally if range is small it could well be indecision. So see how the 0000 & 04-00 bars are doing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,574
  • Jul 4, 2020 4:22pm Jul 4, 2020 4:22pm
[quote=lemercenaire;13041825]
Quoting bojack34
{quote} When you think about what you used to be able to get away with before the days of the internet and mobile phones, lol.
I am not sure if you can do it now.
But back in the 80s when I dabbled with shares whilst on leave. You could buy/sell shares and not have to pay until Settlement day, in effect you bought/sold without actually owning them. And as long as the price went your way it was OK. Lol. so you could trade without the money.
It might be illegal or maybe frowned upon.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,575
  • Jul 4, 2020 5:05pm Jul 4, 2020 5:05pm
[quote=billytt;13041894]
Quoting lemercenaire
{quote} I am not sure if you can do it now. But back in the 80s when I dabbled with shares whilst on leave. You could buy/sell shares and not have to pay until Settlement day, in effect you bought/sold without actually owning them. And as long as the price went your way it was OK. Lol. so you could trade without the money. It might be illegal or maybe frowned upon.
hi billy
they call that a T +2 in Oz (trade day plus 2 days for settlement)
it used to be T+3 until recently.
  • #51,576
  • Jul 4, 2020 5:13pm Jul 4, 2020 5:13pm
[quote=Nikl;13041904]
Quoting billytt
{quote} hi billy they call that a T +2 in Oz (trade day plus 2 days for settlement) it used to be T+3 until recently.
Where I grew up they called that "front street". As in, I'll give you a dime bad of weed on "front street" until Friday.
  • #51,577
  • Jul 4, 2020 5:14pm Jul 4, 2020 5:14pm
You’ve got to love the stock market though!
check this out:
July 1 : open 3 cents intraday high 41 cents close 16cents
July 3 : close 5 cents
I pity the (greedy) fools who bought at 41!!
have good weekend
Attached Image (click to enlarge)
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  • #51,578
  • Edited 6:09pm Jul 4, 2020 5:41pm | Edited 6:09pm
Quoting billytt
{quote} Hi LL, apologies, I have only just seen your post. 2 Close lines? If it is the 08-00 break., I will want a 15 point range. If it isn't I will manually adjust it. Meaning, if it opens and then reverses, I will adjust the range to 15. Whip can screw us up. And normally if range is small it could well be indecision. So see how the 0000 & 04-00 bars are doing.
Thank you.
question (again ): adjusting the range to 15 first or waiting for one end breaks then adjusting it?

Do you use yesterday ranges (example: yesterday 00.00 4H bar and 2H bars) for today trigger?

Regards,
L
  • #51,579
  • Jul 5, 2020 2:06am Jul 5, 2020 2:06am
Quoting billytt
{quote} Hi LL, and welcome. First, I want my 5%. Long failed then other end broke. I then made my 5% so closed trade. I also have a counter. Then I chase the daily range. YOU DO NOT NEED TO COUNTER, USE A STOP, My method I have to counter, I would lose if I had a stop. Can you Google the old game called KERPLUNK? Hopefully spelled correct. The aim is to carefully remove straws without the balls/marbles dropping. My method with counter, is similar. I remove straws BUT WANT THE MARBLES TO DROP. Trade Well.
Hi Billy.
When fixing the fail/s, do you only chase the daily range or sometimes you put 10X bigger lot size of the original one along side with your counter trade?

Regards,
L
  • #51,580
  • Jul 5, 2020 2:41am Jul 5, 2020 2:41am
Quoting LLukE
{quote} Thank you. question (again ): adjusting the range to 15 first or waiting for one end breaks then adjusting it? Do you use yesterday ranges (example: yesterday 00.00 4H bar and 2H bars) for today trigger? Regards, L
Hi LL,
Good questions.
IF 08-00 range is 11, High breaks for 6+. That is what I want. I have now finished for the day.
IF High breaks for +3 then retraces, That 11 bar has been adjusted to 15.
I must say, the worst retrace fails are when the bar is 6-7-8 before an adjusted bar is made.
Quite often an 11-12 - 13 bar will be OK, but I stick to my ( make it 15 rule).

What happened yesterday, happened yesterday.
Yesterday does not affect today.
OK. 00--00 High, might be Daily High. So if in a long today, hunting daily range.
That high could be used to aim for, OR it could be Resistance.
Daily / Low do get broken.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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