Billytt Die happy trading e/j daily breakout | Page 2779 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #55,561
  • Jan 10, 2021 5:32am Jan 10, 2021 5:32am
[quote=billytt;13351623]{quote} can you imagine being short with no stop uuuuuuuuuuuuuuuuuuugh[/quote
Got to be a sell at some point if you can live with the spread.
  • #55,562
  • Jan 10, 2021 6:22am Jan 10, 2021 6:22am
Quoting billytt
{quote} i just read your post after i had just posted to M & Co. horses for courses. Some people like cars, nice sedate Bentleys or at the other end Lambo's and i prefer 20 year old fast bikes.
My current 20 yr old bike will only go as fast as I can turn the pedals!!...my other 20 yr old fast bike ('99 black triumph speed triple like Tom Cruise rode in MI2) had to be sold 18 years ago to fund first house deposit ...it was a lovely machine. Even worse.... about once every couple of years it passes me somewhere round Belfast! I get my head out the window to hear it go past .
  • #55,563
  • Jan 10, 2021 6:29am Jan 10, 2021 6:29am
Plan for tomorrow. No news to guide us unless Boris says something silly which is very possible. I'm looking to sell into the support area simple as that.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 86 KB
  • #55,564
  • Jan 10, 2021 6:30am Jan 10, 2021 6:30am
Quoting stu
{quote} My current 20 yr old bike will only go as fast as I can turn the pedals!!...my other 20 yr old fast bike ('99 black triumph speed triple like Tom Cruise rode in MI2) had to be sold 18 years ago to fund first house deposit ...it was a lovely machine. Even worse.... about once every couple of years it passes me somewhere round Belfast! I get my head out the window to hear it go past .
Had a Triumph TT600 years back.
  • #55,565
  • Jan 10, 2021 6:39am Jan 10, 2021 6:39am
Quoting claudia1
{quote} Had a Triumph TT600 years back.
Ohhh...lovely........<sigh>
  • #55,566
  • Jan 10, 2021 7:57am Jan 10, 2021 7:57am
Quoting claudia1
Plan for tomorrow. No news to guide us unless Boris says something silly which is very possible. I'm looking to sell into the support area simple as that. {image}
Just playing around with something else in my head.... (It's a strange place to be)....and wondering, even if it does drop a bit, if it's actually heading for 14020..... we'll see I guess!
  • #55,567
  • Jan 10, 2021 8:20am Jan 10, 2021 8:20am
Quoting claudia1
Plan for tomorrow. No news to guide us unless Boris says something silly which is very possible. I'm looking to sell into the support area simple as that. {image}
Good plan. That's setting up for a major Demand blow through.
  • #55,568
  • Jan 10, 2021 9:10am Jan 10, 2021 9:10am
Quoting claudia1
Lem - have racing in town again 3.50 Jazz Legend currently 9/1 CD. Know the trainer.
Fav looks solid but yeah, good choice, made even more so as the other one I liked Magnificia is a non-runner. Only 7 run now though.
  • #55,569
  • Jan 10, 2021 9:14am Jan 10, 2021 9:14am
Quoting lemercenaire
{quote} Fav looks solid but yeah, good choice, made even more so as the other one I liked Magnificia is a non-runner. Only 7 run now though.
8/1 worth a small e/w.
  • #55,570
  • Jan 10, 2021 9:28am Jan 10, 2021 9:28am
Quoting stu
{quote} My current 20 yr old bike will only go as fast as I can turn the pedals!!...my other 20 yr old fast bike ('99 black triumph speed triple like Tom Cruise rode in MI2) had to be sold 18 years ago to fund first house deposit ...it was a lovely machine. Even worse.... about once every couple of years it passes me somewhere round Belfast! I get my head out the window to hear it go past .

once had a Triumph Bonneville, many moons ago
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,571
  • Jan 10, 2021 12:43pm Jan 10, 2021 12:43pm
Quoting billytt
{quote} once had a Triumph Bonneville, many moons ago
My dad had the speed twin from the same era (though I think you may be a year or two younger than him )... that's what made me.look at Triumph
  • #55,572
  • Jan 10, 2021 3:21pm Jan 10, 2021 3:21pm
Quoting billytt
Quoting MichaelG
{quote} Hi again Avery (and thanks to Claudia and Stu for your input) Firstly, and I hope briefly lol... I am 65 and retired. Trading isn't my "living", but it does supplement my (our) superannuation pensions. I am a conservative person by nature, and so my targets are also conservative. I look for 4 pips which yields somewhere between 1% - 1.5%. I am still holding a counter from early last week. I did miss a couple of opportunities to "fix" it, because of other "demands". It is for 15 pips and is about 5% in value. I have
...
Exactly Billy.

I used to be a bit of a "glass half full" type of person, and would have been thinking.....I'm holding onto a losing trade here. I should just close it and take the loss.

Now my thinking is more "glass half full".....and I see no reason to close it if I can fix it.

I have no doubt that you have a lot of fix options in your armory. It's now my job to discover a few of those options for myself.
You have thrown a lot of hints out to me (us) over the course of this thread, so I just have to figure it out.

Cheers and thanks for your help and support.

Edit: Incidentally, I used to have a little 250 Ducati Desmo when I was in my 20's. I fell off it a few times so I, unfortunately, had to get rid of it before I killed myself.
That bike would be with a small fortune today lol. Mustn't grumble.
  • #55,573
  • Jan 10, 2021 4:41pm Jan 10, 2021 4:41pm
Quoting MichaelG
{quote}{quote} Exactly Billy. I used to be a bit of a "glass half full" type of person, and would have been thinking.....I'm holding onto a losing trade here. I should just close it and take the loss. Now my thinking is more "glass half full".....and I see no reason to close it if I can fix it. I have no doubt that you have a lot of fix options in your armory. It's now my job to discover a few of those options for myself. You have thrown a lot of hints out to me (us) over the course of this thread, so I just have to figure it out. Cheers and thanks...
I'm too old to chase 20 year old's now ( or did someone say they had a bike for twenty years ) but I did have a 125 Honda for a few years. Used them for a few years to commute to work. Fell off a couple of times on oil patches on roads, ice and once into a snow drift. Got older and chose cars. Retired and mix bus pass rides with the car ride.
every Saint has a past. Every Sinner has a Future
  • #55,574
  • Edited 5:39pm Jan 10, 2021 4:50pm | Edited 5:39pm
Quoting Wizzlebizzle
{quote} I understand your frustrations Avery. Hoping I am not speaking out of turn here. A question for you, in line with your feeling of gambling, how do you determine if a trading approach/system/method has validity and a reasonable probability to be profitable in the long run?
Hi there.

I would say if it's leading to consistent profitable results which can be verified in some objective way.

But i am not that naive to think something like this exists. I know markets are dynamics and even probably the best automated systems can and will fail over time unless you maybe have unlimited capital.

So if i talk about gambling here i only mean taking trades for no clear defined entry triggers, based on emotions fo example.

Now if the 08-15 ORB entry setup with stop loss at the opposite end and TP for +5 would come out net profitable we wouldn't have to talk about the fixing part right.

And for this i then would like to find some objective way too, otherwise i see no reason why i should counter it and hold the trade locked for example if there is no way out of it instead of just waiting for the next trigger/s and take action until those (future trades) will compensate overall profitable for the locked in ones.

I mean if any of my future trades will be a 100% bullet-proof thing to compensate for the the trades i had to lock-in, then why locking them in at all.

But anyways, i don't want to sound negative. Hope you all have a good week. I am still locked-in with the trade from last Tuesday. But swap is increasing, so unless i don't find a way to get out of it for such bullet proof way, i should probably just exit it now.
  • #55,575
  • Jan 10, 2021 5:19pm Jan 10, 2021 5:19pm
Quoting claudia1
Plan for tomorrow. No news to guide us unless Boris says something silly which is very possible. I'm looking to sell into the support area simple as that. {image}
You were right, but it's already there!
  • #55,576
  • Jan 10, 2021 5:19pm Jan 10, 2021 5:19pm
Quoting claudia1
Plan for tomorrow. No news to guide us unless Boris says something silly which is very possible. I'm looking to sell into the support area simple as that. {image}
It got there
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 98 KB
  • #55,577
  • Jan 10, 2021 5:21pm Jan 10, 2021 5:21pm
Quoting stu
{quote} You were right, but it's already there!
Yep. Wasn't expecting that so quick.
  • #55,578
  • Jan 10, 2021 8:16pm Jan 10, 2021 8:16pm
Took the break of the 2-hour range after market open.

I took it a bit early as I was hoping the daily pivot would be a magnet.....and thankfully it was.

Closed it for +9.5 pips, so happy with that......I weakened and didn't hang on for the pivot lol. Never mind.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 10.jpg Size: 124 KB
  • #55,579
  • Jan 10, 2021 11:10pm Jan 10, 2021 11:10pm
Quoting MichaelG
Took the break of the 2-hour range after market open. I took it a bit early as I was hoping the daily pivot would be a magnet.....and thankfully it was. Closed it for +9.5 pips, so happy with that......I weakened and didn't hang on for the pivot lol. Never mind. {image}
Nice one. Was tempted but the Browns' game was too much of a distraction, lol.
  • #55,580
  • Jan 11, 2021 1:38am Jan 11, 2021 1:38am
Quoting lemercenaire
{quote} Nice one. Was tempted but the Browns' game was too much of a distraction, lol.
Sorry mate, I was watching the cricket. I know you're a big fan.
Just in case you missed it....India came back from an unwinnable position to draw with Australia. Fabulous match. One more test match to go in Brisbane.
They have won one game each, so it will be a real nail-biter......I'm sure you will be viewing (not). lol
76 traders viewing now