Had 2 quick peeks at the charts today....nett of +5 the first time, then 2 more just done for another 11. Below Kijun & using S/D/pointy places for targets, plus a couple of pips of momo. {image}
... heady stuff!!
Billytt Die happy trading e/j daily breakout
... heady stuff!! - #54,822
- Dec 10, 2020 9:10am Dec 10, 2020 9:10am
Hi Billy. Today is a good example.
What does manually adjustment from 10 to 15 means in this context?
So your first +5% came with the high break? And the counter at -13 coming from what origin then, another day?
---
Here is my chart showing how i would have traded it according to what i did understand so far from reading your thread trading the BillyBar setup.
1 = Low @1.33069 touched/broke -> entered short.
2 = I went down to @1.33025. So only 4 Pips instead 5 (not counted the fractual pip, 5 digit)
3 = Price retraced back to the High @1.33175 of the range. Placing my counter e.g enter buy of same size.
So at around 8:15 i would have been locked in for -10. What ever came next, doesnīt matter. I would pretty much stay at -10 from there.
Now what next?
So i could now wait for tomorrows BillyBar setup and only exit from one of these open positions if the next trade/s at +5% would have compensated for that again? So in this case at least 2 days that produced a +5% again to compensate for 1 countered day. But i did the maths and even on a good months 80% win rate on the first break and just 1-2 fails at a range of >25 Pips it would be pretty much end up unprofitable that way.
Other options i see:
- Playing it like an "xbox game" (no systematical approach). I do not gamble. Nothing that could be easily repeated over time. At least not without knowing any fixed rules for it.
- Taking more than 1 trade per day on the BillyBar setup. In today`s example, adding a third long position to the counter. I then look for what, +10 Points at least if the third trade is of same position size or increase my position size and aim for +5 again to be back to b/e after the third trade.
- Exiting from the locked-in positions without doing any further trades to compensate for it. So exiting the negative and positive side so they would be at break even or even a win but without having done any new trades for this. (Otherwise honestly i also donīt understand why keeping it locked is of ADVANTAGE then over closing at a fixed SL). Maybe a psychological thing then not having it realized but kept the loss floating.
- Trading more methods / entry setups than just this to make it profitable overall. But you already said you donīt trade it against, so.
Cable 08-00 15 minute bar break. The Low broke and it was a Fail. i manually adjusted the range from 10 to 15
This got me my +5% i was also running a counter at -13. which i fixed when price dropped.
---
Here is my chart showing how i would have traded it according to what i did understand so far from reading your thread trading the BillyBar setup.
1 = Low @1.33069 touched/broke -> entered short.
2 = I went down to @1.33025. So only 4 Pips instead 5 (not counted the fractual pip, 5 digit)
3 = Price retraced back to the High @1.33175 of the range. Placing my counter e.g enter buy of same size.
So at around 8:15 i would have been locked in for -10. What ever came next, doesnīt matter. I would pretty much stay at -10 from there.
Now what next?
So i could now wait for tomorrows BillyBar setup and only exit from one of these open positions if the next trade/s at +5% would have compensated for that again? So in this case at least 2 days that produced a +5% again to compensate for 1 countered day. But i did the maths and even on a good months 80% win rate on the first break and just 1-2 fails at a range of >25 Pips it would be pretty much end up unprofitable that way.
Other options i see:
- Playing it like an "xbox game" (no systematical approach). I do not gamble. Nothing that could be easily repeated over time. At least not without knowing any fixed rules for it.
- Taking more than 1 trade per day on the BillyBar setup. In today`s example, adding a third long position to the counter. I then look for what, +10 Points at least if the third trade is of same position size or increase my position size and aim for +5 again to be back to b/e after the third trade.
- Exiting from the locked-in positions without doing any further trades to compensate for it. So exiting the negative and positive side so they would be at break even or even a win but without having done any new trades for this. (Otherwise honestly i also donīt understand why keeping it locked is of ADVANTAGE then over closing at a fixed SL). Maybe a psychological thing then not having it realized but kept the loss floating.
- Trading more methods / entry setups than just this to make it profitable overall. But you already said you donīt trade it against, so.
- #54,825
- Dec 10, 2020 9:38am Dec 10, 2020 9:38am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} ... another few out top of Kijun to Daily open....then <gulp> sold the spike off daily pivot
- #54,826
- Dec 11, 2020 1:28am Dec 11, 2020 1:28am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
charts copied a few minutes ago.
Cable below ,1 is a 70 high range. 2 is a 70 low range.
Price has to go somewhere.
.
e/u 2 hour chart below,
1 = 50 high range. 2 = 50 low range.
time now 07-25
Cable below ,1 is a 70 high range. 2 is a 70 low range.
Price has to go somewhere.
e/u 2 hour chart below,
1 = 50 high range. 2 = 50 low range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,827
- Dec 11, 2020 1:33am Dec 11, 2020 1:33am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,828
- Dec 11, 2020 1:33am Dec 11, 2020 1:33am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
.....(pretend it is 15) so adjust manually. i play some trades like an x box game. i actually should have a joy stick and bucket seat. It is basically scalping and i use 2 brokers and play them, I cannot and will not tell you/show you the missing link, it can ....
....for some reason I just went into full giggle mode when I read this.....
....all about the imagery
...... think about our mature monocled Billy in his full tweeds sitting on the floor in an Xrocker trading as the great Danes observe, aloof, from the sidelines.
(I have taken a little creative license)
....for some reason I just went into full giggle mode when I read this.....
....all about the imagery...... think about our mature monocled Billy in his full tweeds sitting on the floor in an Xrocker trading as the great Danes observe, aloof, from the sidelines.
(I have taken a little creative license)
- #54,831
- Dec 11, 2020 2:42am Dec 11, 2020 2:42am
.....(pretend it is 15) so adjust manually. i play some trades like an x box game. i actually should have a joy stick and bucket seat. It is basically scalping and i use 2 brokers and play them, I cannot and will not tell you/show you the missing link, it can .... ....for some reason I just went into full giggle mode when I read this.....
- #54,832
- Dec 11, 2020 2:53am Dec 11, 2020 2:53am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
Charts copied several minutes ago.
cable 1st chart posted earlier. with adjusted 1 & 2 70 range lines.
AND YES ,, WE HAD A FAIL WITH THE LONG.
and below , this is what happened
cable 1st chart posted earlier. with adjusted 1 & 2 70 range lines.
AND YES ,, WE HAD A FAIL WITH THE LONG.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,833
- Dec 11, 2020 2:55am Dec 11, 2020 2:55am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
same with e/u
1st post below. 
this is what happened , and a fail off high.
IT'S ALL NUMBERS.
1st post below.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,834
- Dec 11, 2020 2:56am Dec 11, 2020 2:56am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
.....(pretend it is 15) so adjust manually. i play some trades like an x box game. i actually should have a joy stick and bucket seat. It is basically scalping and i use 2 brokers and play them, I cannot and will not tell you/show you the missing link, it can .... ....for some reason I just went into full giggle mode when I read this.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,835
- Dec 11, 2020 2:57am Dec 11, 2020 2:57am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
.....(pretend it is 15) so adjust manually. i play some trades like an x box game. i actually should have a joy stick and bucket seat. It is basically scalping and i use 2 brokers and play them, I cannot and will not tell you/show you the missing link, it can .... ....for some reason I just went into full giggle mode when I read this.....
sewriously, i used to employ two guys to trade something similar a few years ago.
one only traded long and the other traded short,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #54,836
- Dec 11, 2020 5:15am Dec 11, 2020 5:15am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} sewriously, i used to employ two guys to trade something similar a few years ago. one only traded long and the other traded short,
- #54,839
- Dec 11, 2020 6:02am Dec 11, 2020 6:02am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
William and the Cable gang must be very happy this morning
every Saint has a past. Every Sinner has a Future
- #54,840
- Dec 11, 2020 6:13am Dec 11, 2020 6:13am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Gutting the house today and over the weekend. Full boona painting job, ceilings, walls and anything that doesn't get out the way fast enough. New boiler and electrics update. Just felt like it and you gotta' go with these things. Holidays are comin' says the Big Red Dude, so seems like a legit reason, if nothing else. So I'll leave you to it and will drop in for a gab or two on down-time. Stay green everyone.
every Saint has a past. Every Sinner has a Future