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Billytt Die happy trading e/j daily breakout

  • #54,841
  • Dec 11, 2020 9:30am Dec 11, 2020 9:30am
Quoting turnip15
{quote} Alas Lem, not everyone is a believer {image}
But if Coke says it's true, it's true!!!
  • #54,842
  • Dec 11, 2020 9:57am Dec 11, 2020 9:57am
Quoting lemercenaire
{quote} But if Coke says it's true, it's true!!!
Let's start weekend songs

Inserted Video
  • #54,843
  • Edited 10:49am Dec 11, 2020 9:57am | Edited 10:49am
Quoting lemercenaire
{quote} Hi there. The Kijun-sen method brings in aspects from a couple of different directions. The base line Kijun-sen is obviously born from the full Ichimoku and it does help if you have an understanding of at least the basics of that concept. Entries come from price action at and around the line. I am looking to hop on board momentum and signs of rejection. I will watch the direction of the 15 min and H1 candles, however I will often go against them if MOMO and rejection are in my favour, as I will not be looking to hold trades for any length...
"My entry techniques are also heavily influenced by Bob Volman's work. I'll leave you to do your own legwork there."

Hi Lem

I'll do some reading about him. I think I trade very similar set ups from having a quick look(but don't post them due to the squidily line which I know Billy hates..!)

Just one question have you / do you use tick data? I'm on MT4 which is crap.

Ta
F
  • #54,844
  • Dec 11, 2020 11:31am Dec 11, 2020 11:31am
Quoting Fagin
{quote} "My entry techniques are also heavily influenced by Bob Volman's work. I'll leave you to do your own legwork there." Hi Lem I'll do some reading about him. I think I trade very similar set ups from having a quick look(but don't post them due to the squidily line which I know Billy hates..!) Just one question have you / do you use tick data? I'm on MT4 which is crap. Ta F
I found the below indy the other day which works for ticks on mt4, provided you aren't interested in history

https://www.forexfactory.com/thread/...5#post10765085
  • #54,845
  • Dec 11, 2020 12:20pm Dec 11, 2020 12:20pm
Quoting stu
{quote} I found the below indy the other day which works for ticks on mt4, provided you aren't interested in history https://www.forexfactory.com/thread/...5#post10765085
Great thanks Stu, I'll have a look and play around with it. I was thinking of using a seperate charting program and paying for futures data which can get a bit pricey.
I'll read his book first though when it arrives... hope it doesn't end up as another expensive coffee coaster...
  • #54,846
  • Dec 11, 2020 1:46pm Dec 11, 2020 1:46pm
Quoting claudia1
{quote} Let's start weekend songs https://www.youtube.com/watch?v=G8nWtXp7ns4
Hands off Glad !

Have a good weekend all.

Dave Clark Five - Glad All Over (original video 1963) - YouTube
every Saint has a past. Every Sinner has a Future
  • #54,847
  • Dec 11, 2020 3:07pm Dec 11, 2020 3:07pm
Quoting Fagin
{quote} "My entry techniques are also heavily influenced by Bob Volman's work. I'll leave you to do your own legwork there." Hi Lem I'll do some reading about him. I think I trade very similar set ups from having a quick look(but don't post them due to the squidily line which I know Billy hates..!) Just one question have you / do you use tick data? I'm on MT4 which is crap. Ta F
I use tick charts with two of my brokers, though in truth it won't be true tick data but a synthetic set up. I just trade it as I see it on the charts, see what pairs are running smoothest at a particular rate and it works just fine.
  • #54,848
  • Dec 11, 2020 3:08pm Dec 11, 2020 3:08pm
Quoting Fagin
{quote} Great thanks Stu, I'll have a look and play around with it. I was thinking of using a seperate charting program and paying for futures data which can get a bit pricey. I'll read his book first though when it arrives... hope it doesn't end up as another expensive coffee coaster...
It won't.
  • #54,849
  • Dec 11, 2020 6:54pm Dec 11, 2020 6:54pm
Quoting claudia1
{quote} Let's start weekend songs https://www.youtube.com/watch?v=G8nWtXp7ns4
My turn...

Inserted Video
  • #54,850
  • Dec 12, 2020 6:00am Dec 12, 2020 6:00am
Quoting lemercenaire
{quote} I use tick charts with two of my brokers, though in truth it won't be true tick data but a synthetic set up. I just trade it as I see it on the charts, see what pairs are running smoothest at a particular rate and it works just fine.
Thanks for the info, Lem. Have a good weeekend.
  • #54,851
  • Dec 12, 2020 7:27am Dec 12, 2020 7:27am
Quoting Fagin
{quote} Thanks for the info, Lem. Have a good weeekend.
No worries and you too, buddy.
  • #54,852
  • Dec 13, 2020 6:42am Dec 13, 2020 6:42am
Quoting Fagin
{quote} "My entry techniques are also heavily influenced by Bob Volman's work. I'll leave you to do your own legwork there." Hi Lem I'll do some reading about him. I think I trade very similar set ups from having a quick look(but don't post them due to the squidily line which I know Billy hates..!) Just one question have you / do you use tick data? I'm on MT4 which is crap. Ta F

It is Christmas. so you are permitted to post squidily lines. lol.
i love the word ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,853
  • Dec 13, 2020 7:13am Dec 13, 2020 7:13am
Hi Lem,

i see that you like to staple your trades. may i ask you if you staple 1:1:1 or different like 1:2:3 regarding your position size?

why i am asking is i got inspired on another thread about this different staple-strategy.

for example your overall position will be 3 lots. trying it first with a small position, for example 0.50 lot, the next position with 1 lots and the third with 1.5 lots.

or do you take always the same size/per entry when you staple?
trading is like dancing, don't think and just listen to the music!
  • #54,854
  • Dec 13, 2020 7:37am Dec 13, 2020 7:37am
Quoting birdland
Hi Lem, i see that you like to staple your trades. may i ask you if you staple 1:1:1 or different like 1:2:3 regarding your position size? why i am asking is i got inspired on another thread about this different staple-strategy. for example your overall position will be 3 lots. trying it first with a small position, for example 0.50 lot, the next position with 1 lots and the third with 1.5 lots. or do you take always the same size/per entry when you staple?
This is a subtle one. If I get into a compression situation, I am more likely to go small into bigger into big as the trade moves into MOMO mode. This is brought over from The Other Galaxy.

If however, I am in some really fast moving stuff, like spike hunting or just what is basically a series of individual entries with no real connection to each other, then same sized is fine.

Having said that, those trades at equal size can be set off split seconds after one another if I see the MOMO come.

Kinda' horses for courses and don't know if it helps you much!

What I would say is that - again, from The Other Galaxy - the philosophy I buy into, is that if you can't see that you want to add in to a trade, then you may as well close it.
  • #54,855
  • Dec 14, 2020 2:07am Dec 14, 2020 2:07am
Quoting lemercenaire
{quote} This is a subtle one. If I get into a compression situation, I am more likely to go small into bigger into big as the trade moves into MOMO mode. This is brought over from The Other Galaxy. If however, I am in some really fast moving stuff, like spike hunting or just what is basically a series of individual entries with no real connection to each other, then same sized is fine. Having said that, those trades at equal size can be set off split seconds after one another if I see the MOMO come. Kinda' horses for courses and don't know if it...
in any case, your answer helped me! thank you! it's another puzzle for successful trading.

i have not paid enough attention to these different position size tactics so far. and i will put more focus on them.
trading is like dancing, don't think and just listen to the music!
  • #54,856
  • Dec 14, 2020 4:29am Dec 14, 2020 4:29am
Quoting birdland
{quote} in any case, your answer helped me! thank you! it's another puzzle for successful trading. i have not paid enough attention to these different position size tactics so far. and i will put more focus on them.
you are still learning, as we all are.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,857
  • Dec 14, 2020 4:30am Dec 14, 2020 4:30am
Cable & e/u 00-00 4 hour bar break.
Both High's broke for lots, i thought the weekend gap would fill but it didn't, BUT probably will.
I did not trade either of them as i was busy else where.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,858
  • Dec 14, 2020 4:33am Dec 14, 2020 4:33am
Cable 08-00 15 minute bar break...
i did trade it, and got +5%.
The high broke, BUT did you see how low it went.
The low came to within .5 (point 5) of the trigger.
this happens quite a lot, that is when skulduggery is around.

Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,859
  • Dec 14, 2020 5:28am Dec 14, 2020 5:28am
Quoting birdland
{quote} in any case, your answer helped me! thank you! it's another puzzle for successful trading. i have not paid enough attention to these different position size tactics so far. and i will put more focus on them.
i use position size a lot.
But never ever think this is martingale.( a word i abhorr).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,860
  • Dec 14, 2020 5:34am Dec 14, 2020 5:34am
i had an interesting chat over the weekend with the guys who are buying my bot/ea.
They were speaking about some big , mathematician trader called James Simons, quite an interesting guy and we have similarities.
This brings me on to the guy who is asking lots of questions in thread.(and why not).

i actually heard the name Frequency Distribution Stats in FF. i was taking stats without knowing it had a name.
i also was taking stats and still do over long periods of time.
This too has a name which i have learned. Long numbers probability and law of Large numbers.
This helps with questions being asked.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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