Billytt Die happy trading e/j daily breakout | Page 2772 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #55,421
  • Jan 7, 2021 6:12am Jan 7, 2021 6:12am
[quote=Wizzlebizzle;13347349]{quote} Thanks Billy, I like your name too And I trade off stats too, and since I have come across HOLO/123 of lines as well. It just makes sense, doesn't it? I am finally gearing towards profitability, but no where near what I see you guys do. I do have a question about stats and probabilities too, but I'll save that one for later. As for my current question, as I am writing this I might have already figured out the answer to my own question lol, that's

You have nailed it bud.
That is what you do, BUT, make it your own.
You picked up on a couple of very good points.
First, forget about spread, margin we work around that.

First trade we are short at 1?, when this makes +10, we then enter a second trade at 1? hopefully this too drops to make +10, then repeat until you think fine.

Or, we enter 1? at break and it drops 10, we then enter a second trade at 1? , if it retraces close this trade at example -7, our first trade will then be +3.
You can then either play the first trade , it will either fail or retrace back down,
so we can either close at +3, maybe let it fail then fix, or when/if it retraces back down we short again and carry on.

Some days you may get a few points, but on others like e/u and a/u today you will get a good bag full .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,422
  • Jan 7, 2021 6:14am Jan 7, 2021 6:14am
Quoting Wizzlebizzle
{quote} Also, let me know if I am prying too much
you are not prying, you ask the right questions.
There are some things i will not answer, but you have the facts here how to trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,423
  • Jan 7, 2021 6:26am Jan 7, 2021 6:26am
Thank you Billy, great to get some confirmation from you after working through the thread.

I picked up on the compounding method you mentioned throughout the thread, there appears to be some proper value in it. Thank you for sharing

I agree, make it your own. Couldn't do it any other way, as with most things. I would say, it does pay off to listen and learn from other people though.

Might post the stats question later today/week. Off for a surf now in this flipping cold weather.

Have a good day
  • #55,424
  • Jan 7, 2021 6:36am Jan 7, 2021 6:36am
Quoting Wizzlebizzle
Thank you Billy, great to get some confirmation from you after working through the thread. I picked up on the compounding method you mentioned throughout the thread, there appears to be some proper value in it. Thank you for sharing I agree, make it your own. Couldn't do it any other way, as with most things. I would say, it does pay off to listen and learn from other people though. Might post the stats question later today/week. Off for a surf now in this flipping cold weather. Have a good day
Don't forget, that first trade is always active, if price drops 100, you get 100, then the other trades are then added on towhatever they make.

i don't go for lots and lots, it isn't my style.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,425
  • Jan 7, 2021 6:40am Jan 7, 2021 6:40am
Quoting Wizzlebizzle
Thank you Billy, great to get some confirmation from you after working through the thread. I picked up on the compounding method you mentioned throughout the thread, there appears to be some proper value in it. Thank you for sharing I agree, make it your own. Couldn't do it any other way, as with most things. I would say, it does pay off to listen and learn from other people though. Might post the stats question later today/week. Off for a surf now in this flipping cold weather. Have a good day

e/u just copied time 12-39
00-00 low broke and dropped, if we add a trade evry 10 points that is good.

X= places of retrace, but they are traded with effect.
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,426
  • Jan 7, 2021 6:45am Jan 7, 2021 6:45am
Quoting billytt
{quote} Don't forget, that first trade is always active, if price drops 100, you get 100, then the other trades are then added on towhatever they make. i don't go for lots and lots, it isn't my style.
Same, I prefer steadiness and consistency. Just aiming to understand the concept for now

And I was just going through that E/U chart you showed, drawing the same lines
  • #55,427
  • Jan 7, 2021 6:48am Jan 7, 2021 6:48am
Quoting Wizzlebizzle
{quote} Same, I prefer steadiness and consistency. Just aiming to understand the concept for now And I was just going through that E/U chart you showed, drawing the same lines

you can put the lines at any distance.
We do not want whip, that is why it is better to trade early before the main direction is running.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,428
  • Jan 7, 2021 8:38am Jan 7, 2021 8:38am
Quoting Wizzlebizzle
{quote} Thanks Billy, I like your name too And I trade off stats too, and since I have come across HOLO/123 of lines as well. It just makes sense, doesn't it? I am finally gearing towards profitability, but no where near what I see you guys do. I do have a question about stats and probabilities too, but I'll save that one for later. As for my current question, as I am writing this I might have already figured out the answer to my own question lol, that's how good of a teacher you are. I added a screenshot of how I interpret what you described...
Billy has answered re his variant but as this is similar to my Norse-Axe Stack-Attack approach on the 1-min.

I won't go into too much extra detail so's not to confuse but the main point is that once you begin to stack, you never, EVER let the add on trades go negative. You can always re-enter. Now this doesn't deal with a spread that isn't covered at all, that just has to be eaten and binned as a scratch or micro loss.

Price turns your way again - re-enter. Price continues back against you with solid trigger, counter. The key...with solid trigger. If none, stay out and wait and see.

SweetSpots from Yoo-No-Whoo is the perfect tool the set your lines as well.
  • #55,429
  • Jan 7, 2021 8:46am Jan 7, 2021 8:46am
Quoting lemercenaire
{quote} Billy will answer re his variant but as this is similar to my Norse-Axe Stack-Attack approach on the 1-min. I won't go into too much extra detail so's not to confuse but the main point is that once you begin to stack, you never, EVER let the add on trades go negative. You can always re-enter. Now this doesn't deal with a spread that isn't covered at all, that just has to be eaten and binned as a scratch or micro loss. Price turns your way again - re-enter. Price continues back against you with solid trigger, counter. The key...with solid...

nice one bud, good explanation..

i did post earlier, the first trade is important and ideally should be a winner.
Without contradicting myself, i normally do this compounding once my main trade has failed.

BUT , wink wink nudge nudge this is working like how my ea runs. <<<< i say my, it isnt now.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,430
  • Jan 7, 2021 9:52am Jan 7, 2021 9:52am
Very, very late to the screens today and if I had been here as planned - an hour earlier, this would have been a stormer - and a great example of stacking for Michael. Hey ho, there ya' go.

I made do with a nip off the trend pullback (to the 50% 0f the 50% fib...I don't want to keep changing this Dead Horse fib set-up, so just jury rig it with that. So long as I know what it means, that's all that counts, lol.}

Price is now pushing just under the daily turncoat resistance, so having to resist the urge to keep on going. Will wait and see.

UK100 1-min Kijun-sen +5.8

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  • #55,431
  • Edited 12:41pm Jan 7, 2021 9:57am | Edited 12:41pm
Quoting MichaelG
{quote} G'day Avery. It's getting a bit late in the evening for me (just gone 9.00 PM here in Tassie). Now I am certainly no expert on Billy's methods, but I do have a few "grains" that I have been able to gather from the wonderful people who post here, so I will try to assist/guide/help you with those "grains" tomorrow. Sorry Mate, but my good Wife is wondering why I'm on the bloody computer at this hour. (Me too for that matter ) Tomorrow then (If I'm allowed) Cheers Michael
Hi Michael.

I am not feeling well this week, might get a cold or so. I started with luckily leaving out Monday‘s BillyBar setup then I decided to trade it on Tuesday, yesterday seemed to work out with the first break, today didn’t look at any chart so far.

I countered Tuesday‘s fail at -22, it’s still running I hope lol, so I am -$700 round about for this week, there was no technical reason I didn’t trade Monday’s setup, so basically pure luck otherwise I would be countered for a -20 more.

I will have a look at what today’s setup produced later this evening and hopefully Tomorrow, if feeling better again, trading it again.

But with 2 hedged trades this week even if yesterday, today, and Friday was/will be +5, it’s -42 vs +15.

Kind regards.

Edit, i looked at it. I am still locked in. Today's setup was good, so 2 potential wins of +5 and 2 potential counters at about -40. One day to go. There is also swap now added and probably increasing as long i hold it locked.

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  • #55,432
  • Jan 7, 2021 10:03am Jan 7, 2021 10:03am
Jumped back in. Do as I say, not as I do, or something, lol. Off a perfect pullback to level again, so don't think, do.

UK100 1-min Kijun-sen +5.8

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  • #55,433
  • Jan 7, 2021 10:12am Jan 7, 2021 10:12am
And drop we get...

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  • #55,434
  • Jan 7, 2021 10:15am Jan 7, 2021 10:15am
There's a line to be broken.
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  • #55,435
  • Jan 7, 2021 10:22am Jan 7, 2021 10:22am
Back up again. Bounce from Kijun-sen.

UK100 1-min +1.6 +1.9

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  • #55,436
  • Jan 7, 2021 11:00am Jan 7, 2021 11:00am
A real taste of the exotic...

EURHKD 1-min +9.67 +16.38

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  • #55,437
  • Jan 7, 2021 11:28am Jan 7, 2021 11:28am
Cable gets in on the act.

Rejection from Kijun-sen.

GU +2 +2.5 +2.7

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  • #55,438
  • Jan 7, 2021 12:03pm Jan 7, 2021 12:03pm
If you talk about compounding here it seems like you mean scaling in/out a particular trade? So adding a extra position size/order to some already opened trade at X point. I ask so because I do only know "compounding" in the terms of compounding interests which happens automatic as long as you do no take out of your trading account.
  • #55,439
  • Edited 1:31pm Jan 7, 2021 1:19pm | Edited 1:31pm
Running a bunch of variant stuff on different accounts, hence the apparent time-shifts and weird other bits-and-bobs on the charts. Just ignore all that.

In this case, a hugely long set of trades - just because.

GU 1-min Using 4-Dipper up out of a Close-Over of a double Z-Line area. Backed up with a Golden Double Doji off the Kijun-sen.

+21.7 +22.4 +23.9 +25.4

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  • #55,440
  • Jan 7, 2021 1:40pm Jan 7, 2021 1:40pm
Quoting lemercenaire
Running a bunch of variant stuff on different accounts, hence the apparent time-shifts and weird other bits-and-bobs on the charts. Just ignore all that. In this case, a hugely long set of trades - just because. GU 1-min Using 4-Dipper up out of a Close-Over of a double Z-Line area. Backed up with a Golden Double Doji off the Kijun-sen. +21.7 +22.4 +23.9 +25.4 {image}
somtimes i feel like you talk a whole other language to me!
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