Billytt Die happy trading e/j daily breakout | Page 2780 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #55,581
  • Edited 4:34am Jan 11, 2021 1:49am | Edited 4:34am
having a second time the chinaflew, bed and 37 degree fever...simply annoying

billy, how is your friend? i hope she is well.
trading is like dancing, don't think and just listen to the music!
  • #55,582
  • Jan 11, 2021 2:46am Jan 11, 2021 2:46am
Quoting billytt
if we had added the 2nd trade, we would of had trade 1 + trade 2 = 20 +10 =30. we used the winnings to make more money. If price retraces which it will , we close either both trades for a small profit or close the 2nd trade. Thats how we progress. To make trades better we look for better entries not just breaks.
Understand. Where to find these "better" entries so i know where to compound and where not?

BillyBar, i am still running the "failed" trade from last Tuesday at -22 (+some negative swap now of 3-4 Pips on top) Today I took the break north, i am still long at the time i write, nothing happened yet, instead of the trade was already under water at -10 again.

Maybe i should now look for some more points instead of just +5 to make it profitable in the end so i can exit from the counter.

Regards, have a good day.
  • #55,583
  • Jan 11, 2021 2:47am Jan 11, 2021 2:47am
Quoting Avery
{quote} 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[/highlight]...
Morning

Orange: Would finding clear defined triggers be an idea?
Yellow: Not necessarily I would say. Even if trading the way you describe has a positive expectancy, you could still want to fix the trades that went wrong.

Have a read through the thread regarding countering, the info is out there. I'm making a pdf with screenshots of all/most countering comments throughout the thread if you are interested.

W
  • #55,584
  • Jan 11, 2021 2:53am Jan 11, 2021 2:53am
Quoting Wizzlebizzle
{quote} Morning Orange: Would finding clear defined triggers be an idea? Yellow: Not necessarily I would say. Even if trading the way you describe has a positive expectancy, you could still want to fix the trades that went wrong. Have a read through the thread regarding countering, the info is out there. I'm making a pdf with screenshots of all/most countering comments throughout the thread if you are interested. W
Yes indeed. I do look for countering, but it seems they are seperate/new trades anyways, so i still don't see the advantage here over holding the floating loss vs realizing it if a fix is simple to make more positive points with future trades again until i have compensated for the loss for at least break even then.

I am still locked with the trade from Tuesday like said at -22 currently + a new trade opened with today's 08-15 setup. If todays setup theoretical would fail (the range is 20) i would have to counter it or stop the loss again at -20. So this would be -40 then i would have to overcome.

As the targets are +5 with the BillyBar setup, this means i would have to generate almost 10 winners (10 days) without any further loser to have it somewhat compensated + a little profit on top.

At the time i write the trade 54 mins ago is still on, idling at -10 so far. But as it didn't break the opposite end yet, i am still long, correct?...

regards.
  • #55,585
  • Jan 11, 2021 3:00am Jan 11, 2021 3:00am
Quoting Avery
{quote} Yes indeed. I do look for countering, but it seems they are seperate/new trades anyways, so i still don't see the advantage here over holding the floating loss vs realizing it if a fix is simple to make more positive points with future trades again until i have compensated for the loss for at least break even then. I am still locked with the trade from Tuesday like said at -22 currently + a new trade opened with today's 08-15 setup. If todays setup theoretical would fail (the range is 20) i would have to counter it or stop the loss again...
I can't deny your logic here. So if that does not seem to be working or does not make any sense, the solution might be somewhere else? Never thought I'd say this, but the clues are out there lol
  • #55,586
  • Jan 11, 2021 3:48am Jan 11, 2021 3:48am
Quoting Wizzlebizzle
{quote} I can't deny your logic here. So if that does not seem to be working or does not make any sense, the solution might be somewhere else? Never thought I'd say this, but the clues are out there lol
It actually all makes sense as well as not making sense But i am on it.. lol.
  • #55,587
  • Edited 4:09am Jan 11, 2021 3:56am | Edited 4:09am
I am still long at the BillyBar. Not took of anywhere near a +5 yet. Almost 2 hours gone.

The current game plan is not taking profit at +5 but rather try getting at least +20 instead.

I bet it will bob around some more time and then straight shoot to trigger my sell order leaving me with another -20. I will take the stop loss this time instead of countering it without a plan of what to do then. Lets see.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 248 KB



Edit, i see it did make +5. Oh man, i must be still drunk :/

Anyways i will stay long now until it either comes back or stop it at the opposite end of the range.
  • #55,588
  • Jan 11, 2021 4:36am Jan 11, 2021 4:36am
Quoting MichaelG
{quote} 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
I have been known to watch a wee bit of stick 'n ball in the odd quiet moment...just don't tell anyone, lol.
  • #55,589
  • Jan 11, 2021 4:40am Jan 11, 2021 4:40am
Quoting birdland
having a second time the chinaflew, bed and 37 degree fever...simply annoying billy, how is your friend? i hope she is well.
Feel better soon, buddy. One of my mates has it apparently, feels ok, just a bit of a cough and feeling like a bad cold. His other half is feeling it a bit worse, though she's a big smoker and breathing has been hit. Par for the course with this thing, it seems. Finds your weak point. Exploits it.
  • #55,590
  • Jan 11, 2021 4:52am Jan 11, 2021 4:52am
Quoting birdland
having a second time the chinaflew, bed and 37 degree fever...simply annoying billy, how is your friend? i hope she is well.

Hi Bud, i wish you good health, so get better quick. ORDER.
Best wishes for 2021.

My friend is ok , she actually came down with sore throat, headaches but it was just the seasonal sthing.
BUT, last week she came into contact with a covid carrier so now she is isolating.

7 days now and she is showing no signs.
Take care. Billy.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,591
  • Jan 11, 2021 4:53am Jan 11, 2021 4:53am
Quoting lemercenaire
{quote} I have been known to watch a wee bit of stick 'n ball in the odd quiet moment...just don't tell anyone, lol.
psssssssst, same here willow against leather.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,592
  • Edited 5:17am Jan 11, 2021 4:56am | Edited 5:17am
Another one for our arsenal.
e/u 08-00 break is not consistent enough to trade.
BUT, like today.. if the first break fails hit the second break.
Only snag here is, it can actually go for a third break .
X = the 08-00 bar.
if you keep your eye on a couple of other pairs, look for 1st fail or second fail and go for it.

WATCH THE DAILY RANGE TOO>
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,593
  • Jan 11, 2021 5:16am Jan 11, 2021 5:16am
Quoting billytt
{quote} Hi Bud, i wish you good health, so get better quick. ORDER. Best wishes for 2021. My friend is ok , she actually came down with sore throat, headaches but it was just the seasonal sthing. BUT, last week she came into contact with a covid carrier so now she is isolating. 7 days now and she is showing no signs. Take care. Billy.
ok, thx billy and lem. I will follow your order;-)
trading is like dancing, don't think and just listen to the music!
  • #55,594
  • Jan 11, 2021 5:27am Jan 11, 2021 5:27am
Quoting billytt
Another one for our arsenal. e/u 08-00 break is not consistent enough to trade. BUT, like today.. if the first break fails hit the second break. Only snag here is, it can actually go for a third break . X = the 08-00 bar. if you keep your eye on a couple of other pairs, look for 1st fail or second fail and go for it. WATCH THE DAILY RANGE TOO> {image}

same with the 00-00 4 hour range break.
i call them opportunist trades.
If the first break fails and you happen to see it, trade it.

This assumes you do not trade the first break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,595
  • Jan 11, 2021 5:42am Jan 11, 2021 5:42am
I am still long.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 254 KB
  • #55,596
  • Jan 11, 2021 6:18am Jan 11, 2021 6:18am
Still short
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  • #55,597
  • Jan 11, 2021 6:18am Jan 11, 2021 6:18am
-20. No good trading from my side today. Should have grabbed the 5 and closed the trade or closer it at -10 lately. It even came back to just around breakeven. However to fix the fail the pressure is on to then make more points or increase the risk per trade by adding further lots to it.

Let’s see what tomorrow brings. So far after 11 days for January I am -40 Pips for 3 lots.
  • #55,598
  • Jan 11, 2021 6:23am Jan 11, 2021 6:23am
Quoting claudia1
Still short {image}
same here, playing. adding
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,599
  • Jan 11, 2021 6:25am Jan 11, 2021 6:25am
Quoting billytt
{quote} same here, playing. adding
3400 next maybe not today but it will happen
  • #55,600
  • Jan 11, 2021 6:31am Jan 11, 2021 6:31am
Closed out up another 20. Wait for NY and see where we go. Then horsies at Wolverhampton Lemercenaire lol.
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