Billytt Die happy trading e/j daily breakout | Page 2621 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,401
  • Jul 17, 2020 6:21am Jul 17, 2020 6:21am
Quoting billytt
{quote} good post. Just a point. i trade as little as possible, main trade win close out (maybe fix)., lets forget about hunt the daily range. If you don't trade you don't lose. Once you have a series of trades you have more chance to lose. Just saying, you have a good approach.
Cheers Billy. I also prefer the get in and get out fast approach but sometimes we need these secondary ideas/methods to fix the fails.

For me, the Billy bar was successful 3 times this week and I made 17 points on those days. On the 2 fails, I had to fight hard one day to get to breakeven, and today was a fairly easy recovery from a fail which netted me +2. So I ended up +19 for the week. Can I up my game now to 20 lot trades? Maybe not. But hopefully another few weeks like this one will give me the confidence I need.

I will never get tired of saying that you, Lem and Claudia have helped me immensely. And on the Billy Bar fail days, I'm using nuggets I've picked up right here to try and recover. It works for me.

Quite happy if I only have to work hard 2 days a week and the other 3 days the Billy Bar delivers nicely without counters. I know we recently had a 3 week run where we had no fails. Looking forward to more of those lol.
  • #52,402
  • Jul 17, 2020 6:23am Jul 17, 2020 6:23am
Quoting billytt
Dax, i have been watching the monster for a few weeks now. watching the 15 minute bar breaks after the 08-00 has close. We have had many many good breaks with lots of pips made. BUT,,,,,,,,,,,,,,,,,,,,, we have had a couple of fails. These fails i believe will kill us. i could not trade them good, even the method i use. So i am thinking, maybe as a play trade, similar to putting loose change in a slot machine. If you feel like a play, a jaunt, a bit of fun, trade the 15 break. See what happens. I wont. yaaaaaaaaaaaaaaaaaaaaaay
The DAX has been playing dirty this year at that time in the morning. Not even tradeably nasty, just a right pain in the butt.

Spike Hunting is the only way to make it pay, whereas last year, or even before, it was money in the bank.

So we adjust. I am running Spike-Hunts over the early slot and then looking for the smooth(er) move that usually comes mid morning. If not then, there will be one at least once during the day. US Open has been amenable also, though not predictable. Trade-What-You-See.

Such is the way it goes as traders.
  • #52,403
  • Jul 17, 2020 6:23am Jul 17, 2020 6:23am
Quoting claudia1
{quote} Only too well. Mr T and myself have figured out you go to sleep around 4 am which is when Billy starts checking charts lol ships in the night !
when i say check charts, check as in that 00-00 4 hr bar has just closed and i am wanting to trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,404
  • Jul 17, 2020 6:24am Jul 17, 2020 6:24am
Quoting billytt
{quote} when i say check charts, check as in that 00-00 4 hr bar has just closed and i am wanting to trade it.
I know what you mean. Have a great afternoon on the water.
  • #52,405
  • Jul 17, 2020 6:28am Jul 17, 2020 6:28am
Quoting ia1979
{quote} Cheers Billy. I also prefer the get in and get out fast approach but sometimes we need these secondary ideas/methods to fix the fails. For me, the Billy bar was successful 3 times this week and I made 17 points on those days. On the 2 fails, I had to fight hard one day to get to breakeven, and today was a fairly easy recovery from a fail which netted me +2. So I ended up +19 for the week. Can I up my game now to 20 lot trades? Maybe not. But hopefully another few weeks like this one will give me the confidence I need. I will never get tired...
hi bud, that is just excellent...
i was having a rough time this morning for a while, trading 2 pairs lol.
Or had 3 trades running.
Luckily for me, e/u broke high and kept going so that could be left and i just had 00-00 and the 08-00 cable to sort, but it did.
The funny thing is , i actually used a stop on the 08-00 break, but hit the short even harder, even though this was a fail(i adjusted the range to15). i managed to claw back. then played my game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,406
  • Jul 17, 2020 6:29am Jul 17, 2020 6:29am
Quoting ia1979
{quote} Thanks Lem. Observation - when price break the high or low of previous 1 hour bar, it usually goes for 2-5 pips minimum, but sometimes a lot more (disclaimer - this is just a visual observation, I have no concrete facts to back it up). Is that the sort of thing you are alluding to here? Or is it another buy zone variant? Cheers. For people who love placing counters on (I am one of them lol), here's an idea that may or may not work for you. Try it on demo perhaps. 1) At the open of every hour, place a buy and a sell as close to each other...
The Hourly BZ is played exactly as the main variant, off the Open.

This was a work in progress before the three of us working on it became sidetracked by "life stuff". We were calling it Top-of-the-Hour.

I have been thinking about it again recently and funny enough, looking at something that sounds like your thing in some ways. I think I posted my thoughts here on the thread earlier - though it may have been in a pm, I'd need to check.

Basically I was looking at Buy+Sell immediately on the Close/Open and then running with the MOMO, closing the negative on a retrace and stacking the runner.

Not for beginners or the chronicly nervous but worth a deeper look see.

I'll post anything that comes of it.
  • #52,407
  • Jul 17, 2020 6:29am Jul 17, 2020 6:29am
Quoting claudia1
{quote} I know what you mean. Have a great afternoon on the water.
lol, i know you know, that was for the lurkers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,408
  • Jul 17, 2020 6:30am Jul 17, 2020 6:30am
Quoting claudia1
{quote} Only too well. Mr T and myself have figured out you go to sleep around 4 am which is when Billy starts checking charts lol ships in the night !
Sounds about right, lol.
  • #52,409
  • Jul 17, 2020 6:32am Jul 17, 2020 6:32am
Quoting lemercenaire
{quote} Sounds about right, lol.
Maybe should be 'dinghys in the night'.

Waiting for NY now as usual. Boring day so far.
  • #52,410
  • Jul 17, 2020 6:35am Jul 17, 2020 6:35am
Quoting lemercenaire
{quote} The Hourly BZ is played exactly as the main variant, off the Open. This was a work in progress before the three of us working on it became sidetracked by "life stuff". We were calling it Top-of-the-Hour. I have been thinking about it again recently and funny enough, looking at something that sounds like your thing in some ways. I think I posted my thoughts here on the thread earlier - though it may have been in a pm, I'd need to check. Basically I was looking at Buy+Sell immediately on the Close/Open and then running with the MOMO, closing...
Thanks Lem, that's probably where my thoughts have stemmed from to be honest. The method I was talking about should work fine on a normal trading day. However, on a one sided day it has the potential of killing the account.
  • #52,411
  • Jul 17, 2020 6:36am Jul 17, 2020 6:36am
Quoting billytt
{quote} good post. Just a point. i trade as little as possible, main trade win close out (maybe fix)., lets forget about hunt the daily range. If you don't trade you don't lose. Once you have a series of trades you have more chance to lose. Just saying, you have a good approach.
Good point William. If I have three losers in a row I take the hint and stop. I do get such runs but don't post them here cos I want to appear to be one of the big gnomes with a green lamborgine ( I saw a trader on Youtube who has one). Seriously - I tend to show only wins. But few trades and knowing where you are wrong before you get in is a good starting position in my very humble ( I know my place) view.
every Saint has a past. Every Sinner has a Future
  • #52,412
  • Jul 17, 2020 6:43am Jul 17, 2020 6:43am
Quoting turnip15
{quote} Good point William. If I have three losers in a row I take the hint and stop. I do get such runs but don't post them here cos I want to appear to be one of the big gnomes with a green lamborgine ( I saw a trader on Youtube who has one). Seriously - I tend to show only wins. But few trades and knowing where you are wrong before you get in is a good starting position in my very humble ( I know my place) view.
How about a gnome in a dinghy ??

I'll start posting sensible stuff when NY opens.
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  • #52,413
  • Jul 17, 2020 7:02am Jul 17, 2020 7:02am
Quoting turnip15
{quote} Good point William. If I have three losers in a row I take the hint and stop. I do get such runs but don't post them here cos I want to appear to be one of the big gnomes with a green lamborgine ( I saw a trader on Youtube who has one). Seriously - I tend to show only wins. But few trades and knowing where you are wrong before you get in is a good starting position in my very humble ( I know my place) view.
Speaking about losers Mr T, and i hope you are well.
i have failed in marriage twice lol, But havent taken the hint, yaaaaaaaaaaaaaaaaay not.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,414
  • Jul 17, 2020 7:03am Jul 17, 2020 7:03am
Quoting turnip15
{quote} Good point William. If I have three losers in a row I take the hint and stop. I do get such runs but don't post them here cos I want to appear to be one of the big gnomes with a green lamborgine ( I saw a trader on Youtube who has one). Seriously - I tend to show only wins. But few trades and knowing where you are wrong before you get in is a good starting position in my very humble ( I know my place) view.
its similar to playing rugby, if you get hit hard , you always smile, you never say ouch
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,415
  • Jul 17, 2020 7:21am Jul 17, 2020 7:21am
I am Sailing, i am sailing la la la laaaa , iaa la laaaa
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,416
  • Jul 17, 2020 7:47am Jul 17, 2020 7:47am
That was a nice 1 hour break. Pity I'd had enough and closed up shop by then. I'm sure Claudia will have played that break really well.
  • #52,417
  • Jul 17, 2020 7:55am Jul 17, 2020 7:55am
Quoting ia1979
That was a nice 1 hour break. Pity I'd had enough and closed up shop by then. I'm sure Claudia will have played that break really well.
Target was always S1 at 2508 area as posted this morning. Out now for the week. Hasn't quite hit the target but close enough it's only 3 pips off.

Lem weekend starting early going to have a look at horses then maybe music ?
  • #52,418
  • Jul 17, 2020 8:37am Jul 17, 2020 8:37am
Quoting billytt
{quote} good post. Just a point. i trade as little as possible, main trade win close out (maybe fix)., lets forget about hunt the daily range. If you don't trade you don't lose. Once you have a series of trades you have more chance to lose. Just saying, you have a good approach.
valuable statement. its obvious, but in the heat of the fight you easily forget about that.
trading is like dancing, don't think and just listen to the music!
  • #52,419
  • Jul 17, 2020 10:37am Jul 17, 2020 10:37am
Another day scalping the Dow traded bounces off the pivot points AND the vwap. If you guys like squiggly lines throw the vwap on the chart and watch the money roll in
  • #52,420
  • Jul 17, 2020 12:06pm Jul 17, 2020 12:06pm
Quoting BrokeCollege
Another day scalping the Dow traded bounces off the pivot points AND the vwap. If you guys like squiggly lines throw the vwap on the chart and watch the money roll in
Ive been playing with vwap on ctrader, along with 200 ema.
Can you throw up a chart and show your style pls
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