Billytt Die happy trading e/j daily breakout | Page 2744 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #54,861
  • Dec 14, 2020 7:27am Dec 14, 2020 7:27am
Quoting billytt
{quote} i use position size a lot. But never ever think this is martingale.( a word i abhorr).
I find it interesting that most don't get it because they are not anywhere near profitable in the 1st place, so they attack anything said that challenges their own "conventional wisdom" that has been taught / brainwashed by loser "traders" to start with.. It's a self fulfilling doom cycle that has become a speciality on FF, sadly.

For me the moment on a system with even a slight an edge is 1 factor x 2 factor x 3 factor. Go back a step if you lose, reset when you win. Mix it up however you like (I prefer 0.5% but that's because I'm chicken..)
  • #54,862
  • Dec 14, 2020 8:17am Dec 14, 2020 8:17am
Quoting Fagin
{quote} I find it interesting that most don't get it because they are not anywhere near profitable in the 1st place, so they attack anything said that challenges their own "conventional wisdom" that has been taught / brainwashed by loser "traders" to start with.. It's a self fulfilling doom cycle that has become a speciality on FF, sadly. For me the moment on a system with even a slight an edge is 1 factor x 2 factor x 3 factor. Go back a step if you lose, reset when you win. Mix...

i am not sure if you are referring to position size tactics? or does this sentence mean something else? thx
trading is like dancing, don't think and just listen to the music!
  • #54,863
  • Dec 14, 2020 8:33am Dec 14, 2020 8:33am
Quoting birdland
{quote} i am not sure if you are referring to position size tactics? or does this sentence mean something else? thx
Yes, I increase and decrease depending on the win rate, based on expectancy stats. I've been trying to do it with my counters and have failed because trading the math fast manually is tough unless you are a genius (which I'm not) so I'm back to trading straight again.

1x10 = 10 1x=20= 20 so you have 30 if you win the next that means you've got 6 goes all over again and all at the same risk reward. Find the small edge and keep it sharp (and simple)!
  • #54,864
  • Dec 14, 2020 9:18am Dec 14, 2020 9:18am
Quoting Fagin
{quote} I find it interesting that most don't get it because they are not anywhere near profitable in the 1st place, so they attack anything said that challenges their own "conventional wisdom" that has been taught / brainwashed by loser "traders" to start with.. It's a self fulfilling doom cycle that has become a speciality on FF, sadly. For me the moment on a system with even a slight an edge is 1 factor x 2 factor x 3 factor. Go back a step if you lose, reset when you win. Mix it up however you like (I prefer 0.5%[/highlight]...
you are far from chicken, YOU ARE WISE,
my main trade is for 5%, all my stats are based for 10%, but i am creating better odds.
i also trade 50% less of what i should be trading with.
Its all percentages ,odds, probability with me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,865
  • Dec 14, 2020 10:22am Dec 14, 2020 10:22am
Quoting Fagin
{quote} Yes, I increase and decrease depending on the win rate, based on expectancy stats. I've been trying to do it with my counters and have failed because trading the math fast manually is tough unless you are a genius (which I'm not) so I'm back to trading straight again. 1x10 = 10 1x=20= 20 so you have 30 if you win the next that means you've got 6 goes all over again and all at the same risk reward. Find the small edge and keep it sharp (and simple)!
ok, now i understand you better, thx.
trading is like dancing, don't think and just listen to the music!
  • #54,866
  • Dec 14, 2020 1:45pm Dec 14, 2020 1:45pm
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.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #54,867
  • Dec 15, 2020 2:42am Dec 15, 2020 2:42am
+5 with 08-00, range was perfect, thx.
trading is like dancing, don't think and just listen to the music!
  • #54,868
  • Dec 15, 2020 3:16am Dec 15, 2020 3:16am
Billy bar technique is working nicely tonight, but is taking some patience...
  • #54,869
  • Dec 15, 2020 3:44am Dec 15, 2020 3:44am
Quoting birdland
+5 with 08-00, range was perfect, thx.
nice one.
if you noticed, the 08-00 bar went through the 00-00 4 hour bar low, this is usually a good sign, AND very very close to the break of 4 hour inside bar, even more clue.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,870
  • Dec 15, 2020 3:45am Dec 15, 2020 3:45am
As Bird posted, the 08-00 low broke for +5.
i was on it ,plus trading a smaller trade on break of 00-00 4 hour bar low.
i am still watching that gap over the weekend. lol
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,871
  • Dec 15, 2020 4:33am Dec 15, 2020 4:33am
Quoting billytt
{quote} nice one. if you noticed, the 08-00 bar went through the 00-00 4 hour bar low, this is usually a good sign, AND very very close to the break of 4 hour inside bar, even more clue.
yes i noticed that. those clues are really important and gives one more confidence.
trading is like dancing, don't think and just listen to the music!
  • #54,872
  • Dec 16, 2020 2:42am Dec 16, 2020 2:42am
+5 with 08-00, thx.
trading is like dancing, don't think and just listen to the music!
  • #54,873
  • Dec 16, 2020 2:47am Dec 16, 2020 2:47am
Quoting birdland
+5 with 08-00, thx.
nice one bud. +5% here too. and i took some off the 00-00 4hour bar range (with smaller trade).

e/u also did a very healthy break north, but i only traded cable.

Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,874
  • Dec 16, 2020 2:50am Dec 16, 2020 2:50am
i was busy again yesterday,
i have these guys trying to pick my brain.
Asking things like,,, What do i know about Statistical Arbritrage, lol wtf , answer nothing/nada. I had to Google it.
I know what arbitrage is but not the statistical part. But i do now.

i believe they think my counter method has something to do with it.
pssssssssssssssssssssssst/shhhhhhhhhhhhhhhhhh it does slightly. lol.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,875
  • Dec 16, 2020 3:00am Dec 16, 2020 3:00am
Quoting billytt
i was busy again yesterday, i have these guys trying to pick my brain. Asking things like,,, What do i know about Statistical Arbritrage, lol wtf , answer nothing/nada. I had to Google it. I know what arbitrage is but not the statistical part. But i do now. i believe they think my counter method has something to do with it. pssssssssssssssssssssssst/shhhhhhhhhhhhhhhhhh it does slightly. lol. Trade well all.
this discussion reminds me on my brother in law who is a great musician/bassist. he was asked if he plays by notes and he said he plays by ear and feeling and cant read notes. great amazement of those present...

in society generell we have a problem with too much "academic belive"...people lose their common sense.
trading is like dancing, don't think and just listen to the music!
  • #54,876
  • Dec 16, 2020 3:25am Dec 16, 2020 3:25am
Quoting birdland
{quote} this discussion reminds me on my brother in law who is a great musician/bassist. he was asked if he plays by notes and he said he plays by ear and feeling and cant read notes. great amazement of those present... in society generell we have a problem with too much "academic belive"...people lose their common sense.

yes indeed, these guys are involved with the company which i am selling my ea/bot too.
i have a feeling they do not want to pay for it lol.
Speaking Bassists, i once looked after Flea (chili peppers) ace guy and one of the best.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,877
  • Dec 16, 2020 3:27am Dec 16, 2020 3:27am
Quoting billytt
{quote} yes indeed, these guys are involved with the company which i am selling my ea/bot too. i have a feeling they do not want to pay for it lol. Speaking Bassists, i once looked after Flea (chili peppers) ace guy and one of the best.
I have a friend who has a cat named Flea, after her favourite bassist, lol.
  • #54,878
  • Dec 16, 2020 3:36am Dec 16, 2020 3:36am
Quoting lemercenaire
{quote} I have a friend who has a cat named Flea, after her favourite bassist, lol.
my cat has Fleas, meeeeeeaow
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,879
  • Dec 16, 2020 4:51am Dec 16, 2020 4:51am
Quoting billytt
i believe they think my counter method has something to do with it. pssssssssssssssssssssssst/shhhhhhhhhhhhhhhhhh it does slightly. lol. Trade well all.
It's still a mystery to me. But i guess if you can sell it to someone as a bot/ea there must be some kind of systematical approach behind it. Playing it like an xbox game is probably hard to sell
  • #54,880
  • Edited 5:22am Dec 16, 2020 5:06am | Edited 5:22am
Quoting Avery
{quote} It's still a mystery to me. But i guess if you can sell it to someone as a bot/ea there must be some kind of systematical approach behind it. Playing it like an xbox game is probably hard to sell
Funny thing is A, i thought you were one of those guys?
It really is like an xbox game when i scalp and that is all i am saying.

Look up James Simons, mathematician, i have a lot in common with him.
Look up, Law of Large Numbers. this wording is new to me, but i have taken those stats for years.

As for the bot/ea they have had it working... Trading (i think) cable, e/u, e/j and one other, and it works .
which i knew it would.
and thats the last i speak of it as it doesnt belong to me now
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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