Billytt Die happy trading e/j daily breakout | Page 2623 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,441
  • Jul 18, 2020 12:17am Jul 18, 2020 12:17am
Quoting ia1979
{quote} So for longs, after a breakout, price went 5 pips or more 25% of the time? That's helpful. Thanks TS.
Sooo, for Frequency Distribution Stats, after breakout we short?
Hope you follow what I say.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,442
  • Jul 18, 2020 12:19am Jul 18, 2020 12:19am
Quoting failinforex
{quote} the so-called fair value is taken from various bank forex outlook newsletters. just average them and see how price react to it. just for observation, no value for trading
Hi F. That's like knowing what I had for breakfast to aid.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,443
  • Jul 18, 2020 2:23am Jul 18, 2020 2:23am
Hi how is everyone?
Just found an indicator by Hanover that may be of use for collecting stats.
I've got it set up showing the 00-00 H4 range and the subsequent pips made to the daily high/low.
Daily LinesBoxes
Looks like it might come in handy!
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 48 KB
  • #52,444
  • Jul 18, 2020 2:35am Jul 18, 2020 2:35am
Now the billy bar with subsequent pips to high/low up until midnight (UK)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 47 KB
  • #52,445
  • Edited 5:17am Jul 18, 2020 4:45am | Edited 5:17am
Quoting lemercenaire
Just 'coz Claudia asked so nicely. https://www.youtube.com/watch?v=T0_zzCLLRvE Didn't get to the horses today, or much this week at all. Hopefully next week. How'd you do?
I'm a very polite person !

Not too good on the horses last week. Looking at Newbury today. Adam has a few rides including another one for Godolphin. Also Hayley has re-appeared at the same meet on an 18/1. Worth a small e/w.

Edit: good start Adam won 13.05 at 8/1.
  • #52,446
  • Jul 18, 2020 5:13am Jul 18, 2020 5:13am
Quoting Nikl
Hi how is everyone? Just found an indicator by Hanover that may be of use for collecting stats. I've got it set up showing the 00-00 H4 range and the subsequent pips made to the daily high/low. Daily LinesBoxes Looks like it might come in handy! Cheers {image}
well where's it at? lol. You didn't share it. lol. It looks very useful.
  • #52,447
  • Jul 18, 2020 5:48am Jul 18, 2020 5:48am
Quoting bojack34
{quote} well where's it at? lol. You didn't share it. lol. It looks very useful.
Oops!
here you go mate
https://www.forexfactory.com/showthread.php?t=256848
  • #52,448
  • Jul 18, 2020 6:23am Jul 18, 2020 6:23am
Quoting Nikl
{quote} Oops! here you go mate https://www.forexfactory.com/showthread.php?t=256848
do you mind sharing your preset and/or template for the 00-00 bar? ty
  • #52,449
  • Jul 18, 2020 7:35am Jul 18, 2020 7:35am
Quoting bojack34
{quote} do you mind sharing your preset and/or template for the 00-00 bar? ty
Attached Image

This is 08:15 bar
  • #52,450
  • Jul 18, 2020 9:24am Jul 18, 2020 9:24am
Quoting Nikl
Hi how is everyone? Just found an indicator by Hanover that may be of use for collecting stats. I've got it set up showing the 00-00 H4 range and the subsequent pips made to the daily high/low. Daily LinesBoxes Looks like it might come in handy! Cheers {image}
That is good Nik,
It is so easy.
We can then have stats of the 00-00 versus the 04-00, add the 08-00 15 bar. and so on.
Have 4 hour inside bars added in.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,451
  • Jul 18, 2020 3:44pm Jul 18, 2020 3:44pm
Quoting bojack34
{quote} do you mind sharing your preset and/or template for the 00-00 bar? ty
Hi Bojack
no problem. I’ll post it up in a bit (Sunday morning here)
cheers
  • #52,452
  • Jul 18, 2020 4:05pm Jul 18, 2020 4:05pm
Quoting billytt
{quote} That is good Nik, It is so easy. We can then have stats of the 00-00 versus the 04-00, add the 08-00 15 bar. and so on. Have 4 hour inside bars added in.
Hi Billy
I'm beginning to see that it is (easy)!
how many pips made on the first trigger,
range of the bar so you know how many pips in limbo if it’s a fail(countering),
how many pips made on the second trigger to fix the counter.
so hypothetically if I find after a fail, say less than 10, that 90% of the time the opposite trigger will produce greater than or equal to the range of the trigger bar, then I know that if I put a trade on double the lot size there’s a high probability that I will come out on top.
i know it’s probably not as straight forward as this but it gives me something to start with.
time to dig a note pad out
cheers
  • #52,453
  • Jul 18, 2020 4:27pm Jul 18, 2020 4:27pm
Quoting Nikl
{quote} Hi Billy I'm beginning to see that it is (easy)! how many pips made on the first trigger, range of the bar so you know how many pips in limbo if it’s a fail(countering), how many pips made on the second trigger to fix the counter. so hypothetically if I find after a fail, say less than 10, that 90% of the time the opposite trigger will produce greater than or equal to the range of the trigger bar, then I know that if I put a trade on double the lot size there’s a high probability that I will come out on top. i know it’s probably not as straight...
check out post 50,499. That was exactly what I did for AU 04-00 bar a year or two ago. Those we my findings.
  • #52,454
  • Jul 18, 2020 5:24pm Jul 18, 2020 5:24pm
Quoting billytt
{quote} Sooo, for Frequency Distribution Stats, after breakout we short? Hope you follow what I say.
Yes I think I follow Billy
  • #52,455
  • Jul 18, 2020 6:56pm Jul 18, 2020 6:56pm
Nikl, this is the setting for the exact 08:15 candle, yours is measuring from 08:00 - 08:15

do adjust the time setting according to your platform

Attached Image (click to enlarge)
Click to Enlarge Name: aO0HmtA.png Size: 34 KB

do correct me if I am wrong
  • #52,456
  • Jul 19, 2020 1:13am Jul 19, 2020 1:13am
Quoting Nikl
{quote} Hi Billy I'm beginning to see that it is (easy)! how many pips made on the first trigger, range of the bar so you know how many pips in limbo if it’s a fail(countering), how many pips made on the second trigger to fix the counter. so hypothetically if I find after a fail, say less than 10, that 90% of the time the opposite trigger will produce greater than or equal to the range of the trigger bar, then I know that if I put a trade on double the lot size there’s a high probability that I will come out on top. i know it’s probably not as straight...
That is a good understanding bud.
Be careful saying ( double the lot size).
Think of this scenario, You look at a chart and see the first break was a fail. AND you didn't trade it,
You can enter the 2nd trade with better odds, Trade it as a first trade or trade it it as a Fix. You will get a better return. I can explain better just ask.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,457
  • Jul 19, 2020 1:39am Jul 19, 2020 1:39am
Quoting failinforex
Nikl, this is the setting for the exact 08:15 candle, yours is measuring from 08:00 - 08:15 do adjust the time setting according to your platform {image} do correct me if I am wrong
Hi Failinforex
Yep I'm definitely measuring the high and low of the 08-00 M15 bar
Cheers
  • #52,458
  • Jul 19, 2020 1:56am Jul 19, 2020 1:56am
Quoting billytt
{quote} That is a good understanding bud. Be careful saying ( double the lot size). Think of this scenario, You look at a chart and see the first break was a fail. AND you didn't trade it, You can enter the 2nd trade with better odds, Trade it as a first trade or trade it it as a Fix. You will get a better return. I can explain better just ask.
Hi Billy
Its the "AND you didn't trade it" bit that I'm stuck on because at the moment I would be in the trade before I knew it was going to be a fail. I might take you up on that explanation when you've got a minute!
Cheers mate
  • #52,459
  • Jul 19, 2020 1:58am Jul 19, 2020 1:58am
Quoting bojack34
{quote} check out post 50,499. That was exactly what I did for AU 04-00 bar a year or two ago. Those we my findings.
Nice one mate. Gives me a template to work with
  • #52,460
  • Jul 19, 2020 2:09am Jul 19, 2020 2:09am
Quoting Nikl
{quote} Nice one mate. Gives me a template to work with
He only won't trade it if the range is too high (28 + or something around there), or he's asleep (unusual but it must happen).
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