Billytt Die happy trading e/j daily breakout | Page 2748 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #54,941
  • Dec 18, 2020 3:08am Dec 18, 2020 3:08am
time 09-07.
so far daily range is 61,
who will bet that it wont make more?????

edit.price currently 13537 at 09-09
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,942
  • Dec 18, 2020 3:09am Dec 18, 2020 3:09am
You still doing any trading with the DAX Billy?
Right must brave the cold and go for my daily baguette on the push bike
Have fun everyone!
PS just checked the DAX - rocket fuel!
used to be undecided but nowadays can't make my mind up
  • #54,943
  • Dec 18, 2020 3:24am Dec 18, 2020 3:24am
Quoting billytt
time 09-07. so far daily range is 61, who will bet that it wont make more????? edit.price currently 13537 at 09-09
we are still having this gap open from the beginning of the week...
trading is like dancing, don't think and just listen to the music!
  • #54,944
  • Dec 18, 2020 3:31am Dec 18, 2020 3:31am
Quoting mrcreosote
You still doing any trading with the DAX Billy? Right must brave the cold and go for my daily baguette on the push bike Have fun everyone! PS just checked the DAX - rocket fuel!

Hi Bud, i haven't looked at Dax for a long time,
my knee is getting better if not fixed, i am running again with no problem.
Doctor says i have arthritis in the knee , but i keep it strong and take natural inflammatories and i have no problem.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,945
  • Dec 18, 2020 3:32am Dec 18, 2020 3:32am
Quoting birdland
{quote} we are still having this gap open from the beginning of the week...
yes we do, lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,946
  • Dec 18, 2020 3:32am Dec 18, 2020 3:32am
can i mention cable dropping and me playing xbox lol. shhhhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,947
  • Dec 18, 2020 3:35am Dec 18, 2020 3:35am
Quoting billytt
time 09-07. so far daily range is 61, who will bet that it wont make more????? edit.price currently 13537 at 09-09


edit... we just made the 70 Cable, lol
#t 09-35
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,948
  • Dec 18, 2020 3:36am Dec 18, 2020 3:36am
Quoting billytt
{quote} no
Errrrr....yes? The Billy Bar is the GU 08:00 - 08:15 bar!
  • #54,949
  • Dec 18, 2020 3:45am Dec 18, 2020 3:45am
Quoting claudia1
Got to b/even on this so happy. Broke the line and dp. Target yesterday's low/S1 which happens to be 3500. Time will tell ! {image}
Time told. Out a bit early but that's ok.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(Ģ)H1.png Size: 72 KB
  • #54,950
  • Dec 18, 2020 3:50am Dec 18, 2020 3:50am
Quoting lemercenaire
{quote} Errrrr....yes? The Billy Bar is the GU 08:00 - 08:15 bar!
yep, correct. i was thinking , Not the Billy bar. lol. duh!!!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,951
  • Dec 18, 2020 3:51am Dec 18, 2020 3:51am
Quoting claudia1
{quote} Time told. Out a bit early but that's ok. {image}

just keep battering it, its like taking candy off a child.
we have lines, we trade lines.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,952
  • Dec 18, 2020 3:53am Dec 18, 2020 3:53am
which reminds me, yesterday Cable 08-00 break.
i actually had a rough time due to not having my setting correct.
i got the 5%, but i ended up with an un -necessary counter.
blah blah fixed it though, ended up sending in the 7th cavalry to help.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,953
  • Dec 18, 2020 4:52am Dec 18, 2020 4:52am
Quoting billytt
can i mention cable dropping and me playing xbox lol. shhhhhhh
great work
is the 0-4:00 bar still our 'guiding light'? or is it shhhhh? lol
used to be undecided but nowadays can't make my mind up
  • #54,954
  • Dec 18, 2020 5:16am Dec 18, 2020 5:16am
Quoting mrcreosote
{quote} great work is the 0-4:00 bar still our 'guiding light'? or is it shhhhh? lol
Hi Mr,
that 00-00 4 hour bar is very very good as a guide.
We have the high and the low.
The main concern is, normally the range can be big. so either don't trade it or trade off a fail.
If the range is small , that is wicked lol.
We will have fails, but we trade them as part of the norm.
Just check old records, then we have breaks. We have FD STATS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,955
  • Dec 18, 2020 6:16am Dec 18, 2020 6:16am
we are doing a Claudia, we have orders set above and below (cable). something is going to happen.
t 12-16

edit, i do not do this that often.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,956
  • Edited 7:14am Dec 18, 2020 6:48am | Edited 7:14am
Quoting lemercenaire
{quote} Errrrr....yes? The Billy Bar is the GU 08:00 - 08:15 bar!
Thank you. Thats what i thought. I was reading through the last 50 pages and got confused by this statement. As you said Billy added some kind of key there to my questions regarding countering somewhere. I could not find this yet but no problem. What i found is a lot of contradictory statements to this matter which makes it hard to get, yes.

I extracted the highlights to keep my post short. You donīt have to answer me but maybe someone could help.


1)
Quote
Counter, some people cannot get their head around the concept. I agree you still close a losing trade ,but you have the winning trade which fixes it. Sometimes the actual counter is positive when closed. If i have a trade which is minus 50 and another trade which is plus 60, that is plus 10.

When i have to counter like yesterday at a range of 12. I sell the low break and it fails, retraced up. I go "counter" to lock the loss at the high. I am locked in -12 what ever comes next. It stays at -12. Actually the next day it might be even some bigger because of swap. So what is meant by two trades suddenly becomes positive e.g one -50 one +60? They donīt...

2)
Quote
NOW you're getting it!!!! You have been thinking only of the -20 or whatever, that that remains static. Well, yes...but no. One side is always going to be increasing in profit [and the other going negative]. At some point, using yes, experience or voodoo or runes or whatever you go with, you can close one side, all you need is the negative side to drop a little and you will be in profit. It is entirely possible to end up with both sides of your floating loss to end up green.

This would assume you are exiting the two orders (1 positive, 1 negative) without necessarily waiting for having it compensated with a new trade, like a next break of a line at the same setup or complete new setup/method.

On a newer post you said

Quote
I'm not just blindly waiting for an "mmmmmmm, maybe I should close that side now" moment. If I'm down Ģ500 and the next day I make Ģ501 then I am green and just close everything out if it comes to it. Who cares where, when, how you did it.

So then ask my self, what now? Waiting for the new entry setup and closing the countered initial trade or closing it by leaving one side going back into profit so i even make a profit from the countered trade it self but then risk that one order is turning against you for another time at the moment you close the other order of the hedged trade.

This would be the only situation to me where the hedge would make sense to me, as you close this one at less loss or even positive at all (not waiting to the next trade to come around compensating for it).

Otherwise there would be no difference to me closing it at a loss right away Some person wrote here about losing margin power but isnīt the margin calculated on my accountīs equity. So no matter if i counter (dont realize the loss) or hard closing it, it will be no diferent. As soon as my available equity is not able to cover the margin for the next trade anymore i canīt open a new trade, simple.

Maybe it is also of importance/impact to have these other setups/methods then to make this profitable in the end. I see you all trade something else in addition, Billy is trading e/u, you are placing trades all over the place on numerous instruments. You see i donīt want to do this, so the question is more like if it is able to be profitable even without these extra trades, meaning doing 1 trade each day on this setup (billybar) and THAT`s it.

Right now for example with yesterdays and todays trade. I would be -12 + 5 = -7.

Xmas coming, trade safe all! Regards.
  • #54,957
  • Dec 18, 2020 7:34am Dec 18, 2020 7:34am
Quoting billytt
we are doing a Claudia, we have orders set above and below (cable). something is going to happen. t 12-16 edit, i do not do this that often.
in TV they said "today is the last chance of an agreement with EU"...so that will be the trigger news.
trading is like dancing, don't think and just listen to the music!
  • #54,958
  • Dec 18, 2020 7:49am Dec 18, 2020 7:49am
Quoting birdland
{quote} in TV they said "today is the last chance of an agreement with EU"...so that will be the trigger news.

Yes B, that is why i am doing it. yaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,959
  • Dec 18, 2020 7:54am Dec 18, 2020 7:54am
Let us pretend it is Mon....
First, how many pips do we want. 5- 10-15-50-100- billions.

Cable , place a short trade. if it goes your way , bag the profit. (This depends on how many pips you want).
If it goes minus 10 go long with a counter. ( forget spread).

Now we look for a trigger. and then we play. ((( OR repeat, stick a lucky direction)
once we are in profit we close.

Lem is always saying things similar ,yaaaaaaaaaaaaaaaaaaay.
we are playing lines not actual forex trading.
It is numbers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,960
  • Dec 18, 2020 8:36am Dec 18, 2020 8:36am
Quoting billytt
Let us pretend it is Mon.... First, how many pips do we want. 5- 10-15-50-100- billions. Cable , place a short trade. if it goes your way , bag the profit. (This depends on how many pips you want). If it goes minus 10 go long with a counter. ( forget spread). Now we look for a trigger. and then we play. ((( OR repeat, stick a lucky direction) once we are in profit we close. Lem is always saying things similar ,yaaaaaaaaaaaaaaaaaaay. we are playing lines not actual forex trading. It is numbers.

ADD ON. get an edge with the first trade,,, 08-00 bar break for one,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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