Billytt Die happy trading e/j daily breakout

Quoting billytt

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Hi all. 00-00 4 hour bar break. Cable broke high and i left it, This was only because i was away from Pc, it looks like it was wise lol. If/when it breaks low, i will short. range is 26 and my adr =116. Same with e/u, the high broke and that would of been good, range =66. Trade well. t 07-23

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Quoting q_import

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{quote} I hope it gets better for you..

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Quoting billytt

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{quote} Hello and welcome. the day is good, my main trade is the 08-00 15 minute bar break. the 2 other trades i posted earlier are secondary. it doesn't really matter if i trade them or not. BUT, i am short cable right now. trade well. t 07-57

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Quoting Fantuz

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Well 8 - 15 bar on cable done, 5 %

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Quoting Barraka

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{quote} Actually seems like it was a fail, at least if you entered on the break below, which gave just about 3 pips. Price has now reached the top range again.

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Quoting q_import

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{quote} I dont have time to scalp or get stuck in mid term trades right now.. Lots of reading and research going on.. Long term I am long on NU AU all the other pairs already hit targets.. Just kill time to get my mind off things and just let the idea reveal it self them find data to back up the idea from multiple sectors not directly related but related by the effects of the other.. really boring stuff..

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Quoting billytt

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{quote} Hi B, the 08-00 break was a Fail, i am currently fixing it. i do have 1% banked lol. currently running counter at minus -18. i am up on separate trades

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Quoting Fantuz

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{quote} So maybe I am doing it wrong? My trade this morning: 1. 8am bar 2. break low @ 1.30178 where i put my sell order. (yellow line) 3. did not do 5% but also did not break high of candle @ 1.30249 (red line) so i stayed in the sell. 4. Next candle did go down to give me my win. Please comment if I read this wrong? I saw the break at no3 high as a fail but price did not reach this. {image}

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Quoting Fantuz

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{quote} So maybe I am doing it wrong? My trade this morning: 1. 8am bar 2. break low @ 1.30178 where i put my sell order. (yellow line) 3. did not do 5% but also did not break high of candle @ 1.30249 (red line) so i stayed in the sell. 4. Next candle did go down to give me my win. Please comment if I read this wrong? I saw the break at no3 high as a fail but price did not reach this. {image}

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Quoting billytt

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{quote} my chart 08-00 bar +1. your bar =2 you still did well, i am fixing a fail. {image}

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Quoting Fantuz

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{quote} So maybe I am doing it wrong? My trade this morning: 1. 8am bar 2. break low @ 1.30178 where i put my sell order. (yellow line) 3. did not do 5% but also did not break high of candle @ 1.30249 (red line) so i stayed in the sell. 4. Next candle did go down to give me my win. Please comment if I read this wrong? I saw the break at no3 high as a fail but price did not reach this. {image}

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Quoting lemercenaire

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{quote} Clocks changed back one hour in the UK this last weekend mate.

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Quoting Fantuz

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{quote} Bwahahahaha, i hit a luck. i forgot about the UK clocks went back on 25th October. SO I hit a complete luck this morning.

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Quoting Fantuz

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{quote} Bwahahahaha, i hit a luck. i forgot about the UK clocks went back on 25th October. SO I hit a complete luck this morning.

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Quoting Barraka

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Hi Billy, Even though I watch the BB every morning, I seldom trade it. Today I decided to trade the failure, especially after price went back to the top range, retraced a bit but failed to make a LL, and reached to top range of the BB again. My initial gut was, if it's finally going to break (to the upside), there's going to be some movement. But decided to stick with the 5 pips rule, maybe should have let it run but easy to say now. Anyway, still got 5pips. Thanks, {image}

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Quoting billytt

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{quote} i trade for 5 pips, currently that is £140 per pip. If you start thinking where it might go, you will lose out over time. It is good to trade a fail but it bdoesnt happen to often but i will show some stats. today fail and 2nd brake ok.yesterday fail 2nd ok.20th Oct 2nd break ok.14th oct 2nd ok,8th Oct was 3 attempts. 1st oct 2 nd break,29th Sept 2nd break. The main thing we are looking at is , once on a fail we watch the daily range. As Lem says, price has to go somewhere, Price will go somewhere.

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Quoting Barraka

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{quote} Interesting. It doesn't happen often, but by the looks of it when it does, it seems that the probability of taking the failure has a very high chance of success. Also, one thing that constantly boggles my mind, is that regarding your pound-per-pip sizing, when you go for +5% and say the failure range is 20 pips, you're essentially down 20%. Be it a day where you have 2 failures in a row, and that's more or less -40% on your account. I know you have other tricks up your sleeve, but for a regular person that might be insurmountable.

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