Billytt Die happy trading e/j daily breakout | Page 2795 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #55,881
  • Jan 22, 2021 3:32pm Jan 22, 2021 3:32pm
Quoting lemercenaire
https://www.youtube.com/watch?v=X2zV...l0kxWjwc1A5vHL
Inserted Video
  • #55,882
  • Jan 22, 2021 5:11pm Jan 22, 2021 5:11pm
Quoting stu
{quote} Cool....... just spotting some shoddy proofreading in my post!! ... blame the phone keyboard!
Just scanning the charts for today. Interestingly, only Mean Reversion caught the move short had bottomed out for The Billy Bar. Ok, you'd - just about have nabbed the +5 playing it straight Short first break but a bit nervy if you were slow on the trigger - and it was always Long after that. The pin would have got you out of trouble easily enough, mind you.
  • #55,883
  • Jan 22, 2021 7:50pm Jan 22, 2021 7:50pm
Hi folks - I’ve read through most of the thread (lot of reading) and appreciate all the knowledge of gained so much so that I feel like I know the regulars here well

thank you and look forward to learning more
  • #55,884
  • Jan 22, 2021 8:58pm Jan 22, 2021 8:58pm
Quoting Lineseeker
Hi folks - I’ve read through most of the thread (lot of reading) and appreciate all the knowledge of gained so much so that I feel like I know the regulars here well thank you and look forward to learning more
Welcome aboard.
  • #55,885
  • Jan 22, 2021 10:12pm Jan 22, 2021 10:12pm
Quoting lemercenaire
{quote} It's a version of a trend line that uses fractals to calculate changes in trend direction.
Is this it?

https://www.mql5.com/en/articles/1352
  • #55,886
  • Edited 3:17am Jan 23, 2021 2:23am | Edited 3:17am
Quoting bojack34
{quote} Is this it? https://www.mql5.com/en/articles/1352
That's it.

Edit: Be cautious of using any set ''systems'' that come along with this, as let's shall we say - a lot was 'lost in translation' when coming from Russian to English.

All you are looking for is the setting up of the fork itself off of the last three fractals.Then (for shorts) the test-break-retest-hold-below of the second leg...flip for longs.

I do have a pretty comprehensive pdf on it but it is on my second phone just now, so will get it transferred over and add it here at some point today as well.

Edit #2: If you look at GU 15-min, you will find a possible short setting up at the close of play. Just for reference on a still chart for those who see it before the week kicks in again.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15asC-ForkInfoWKendJan22nd2021.png Size: 52 KB


Then here comes the subtlety. It may not be that great once you bring in Mean Reversion, as it sits in the middle of a channel, not an extreme. You will see that the move one back to this one, although it did bring a small +7 or so gain, was very short-lived, This one could be the same. The one good point is that price is right between two SweetSpots levels and so it will go somewhere!

Anyway, I will go find that document and that will get you some added info.
  • #55,887
  • Jan 23, 2021 3:22am Jan 23, 2021 3:22am
Quoting lemercenaire
{quote} That's it. Edit: Be cautious of using any set ''systems'' that come along with this, as let's shall we say - a lot was 'lost in translation' when coming from Russian to English. All you are looking for is the setting up of the fork itself off of the last three fractals.Then (for shorts) the test-break-retest-hold-below of the second leg...flip for longs. I do have a pretty comprehensive pdf on it but it is on my second phone just now, so will get it transferred over and add it here at some point today as well. Edit #2: If you look at GU...
Here's the previous set-up short - there was also a continuation add-in after this but I have left it out for clarity. Note also how the line continues to be a touch-stone for price as it extends out.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15asPrevious-followedbycontinuation-C-Fork.png Size: 53 KB
  • #55,888
  • Jan 23, 2021 3:26am Jan 23, 2021 3:26am
Quoting lemercenaire
{quote} Here's the previous set-up short - there was also a continuation add-in after this but I have left it out for clarity. Note also how the line continues to be a touch-stone for price as it extends out. {image}
Here's the continuation of the above. Again, magnetic line.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15asTheContiuationForC-Fork.png Size: 53 KB
  • #55,889
  • Jan 23, 2021 4:52am Jan 23, 2021 4:52am
Hi all.
i am still here lol.
An old friend turned up on Tuesday unannounced. (i know we have lockdown) but we were totally safe.
Sooooooooooooo to cut story short we had a Trade Battle commence to see who could make the most £££... starting off with 10k each
BUT, i couldnt use my method and we had to scalp.( i couldnt trade my way anyway).
i was scalping off the 5 minute levels and he did something similar but i believe used a couple of lines(as in ma's).
3 and a half days of scalping lol, from 7 am until 18-00 pm.

AND , i traded cable, e/u and der derrrrrr Dax.but not at the same time.
i won ,end of story. yaaaaaaaaaaaaaaaaaaaaaaaay.

Only trouble. i didnt trade for my 3 people.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,890
  • Jan 23, 2021 4:53am Jan 23, 2021 4:53am
Quoting bojack34
{quote} Is this it? https://www.mql5.com/en/articles/1352
Hi o, hope you are well
Good to see you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,891
  • Jan 23, 2021 4:53am Jan 23, 2021 4:53am
Quoting claudia1
{quote} Blame Billy where ever he is.
Yep, it was me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,892
  • Edited 10:21am Jan 23, 2021 8:56am | Edited 10:21am
Quoting lemercenaire
{quote} Here's the continuation of the above. Again, magnetic line. {image}
To begin adding the Mean Reversion elements...

Range limits:
FLO2 / 3 (Jury is still out on 3)
sm (Swing-man) Husky Bands / Lazy TMA
Donchian Channel

Use either / or, not all at once. DO NOT use in back test in any way. They re-calculate (NOT repaint) and so always look perfect. Only use in as-live / forward testing.

Turning Point aids:
S+D
SweetSpotsGold
Cam Pivots
Eights

Again, use either /or. Either set up with only the elements you ever want to use - and even then, the chart will be so, so busy. Or have a chart template set up for every individual and simply flip between. You could also have an easier option and have a completely separate new charting broker and only have these charts open on it. This is my preferred option.

There is an indicator from m4me (I think, I can check) called SpikeHunter which can be useful but it is a very, very busy chart and is also a CPU eater. I don't use it any more.

Trend Bias:
Choose your poison.
A simple 200 ma will often be all you need.

This obviously works best the higher up the time-frames you go. Having said that, you enter down on the 5 or 1-min charts and it is perfectly run-able on the 15-min and I find that the 30-min is often a very nice compromise if you are able to keep at least one eye on the charts.

This is very much a suck-it-and-see methodology and I wouldn't recommend as a single stand-alone system without doing an awful lot of legwork to get the specific moving parts all working in synch for you.

Having said that, I have come across a pretty streamlined combo while putting this together and I will give it a run-over this week to see if it has any merit and if so, will share. If not, I won't post it at all to save polluting the stuff already out here for you.
  • #55,893
  • Jan 24, 2021 5:15am Jan 24, 2021 5:15am
Quoting claudia1
{quote} T is a big Clapton fan.
i too like Clapton especially when he was with Cream.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,894
  • Jan 24, 2021 5:16am Jan 24, 2021 5:16am
Quoting Lineseeker
Hi folks - I’ve read through most of the thread (lot of reading) and appreciate all the knowledge of gained so much so that I feel like I know the regulars here well thank you and look forward to learning more
Hi Line, greetings and welcome.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,895
  • Jan 24, 2021 5:20am Jan 24, 2021 5:20am
Quoting birdland
what really helps is the 70-pips concept of you, billy, not on fridays but on the other ones. that rocks!

it does indeed, 70 for Cable is a realistic amount, 50 for eu and 40 for a/u.

This is getting a sufficient amount of points to either make a gain or fix a fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,896
  • Jan 24, 2021 5:26am Jan 24, 2021 5:26am
[quote=lemercenaire;13373713]{quote} To begin adding the Mean Reversion elements... Range limits: FLO2 / 3 (Jury is still out on 3) sm (Swing-man) Husky Bands / Lazy TMA Donchian Channel Use either / or, not all at once. DO NOT use in back test in any way. They re-calculate (NOT repaint) and so always look perfect. Only use in as-live / forward testing. Turning Point aids: S+D SweetSpotsGold Cam Pivots Eights Again, use either /or. Either set up with only the elements you ever want to use - and even then, the chart will be so, so busy. Or have a chart template set up for every individual and simply flip between. You could also have an easier option and have a completely separate new charting broker and only have these charts open on it. This is my preferred

Regarding Mean Reversion i gave this up years ago due to it not being consistent.
Most sites Re:- MR when googled, they nearly all contradict themselves,
ie, one day a price drops so therefore the day after they pull back.. THEN,,,,,,somedays they dont.

I honestly think if price falls below x , lets call it 200 ma, if/when it moves back to 200ma will all depend on different highs being broken.
Which are traded irrespective of the 200ma.
Just saying.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,897
  • Jan 24, 2021 8:13am Jan 24, 2021 8:13am
Quoting billytt
{quote} it does indeed, 70 for Cable is a realistic amount, 50 for eu and 40 for a/u. This is getting a sufficient amount of points to either make a gain or fix a fail.
Do you trade cryptos? Bitcoin moves 3% a day on average. I belive its 4000 Pips. So even more room.
  • #55,898
  • Jan 24, 2021 12:26pm Jan 24, 2021 12:26pm
Quoting Avery
{quote} Do you trade cryptos? Bitcoin moves 3% a day on average. I belive its 4000 Pips. So even more room.
no i don't.
First, i just do not get it???? i know they are trying to crucify the dollar. But i just dont get it.
Second, i do not need it. i get 5% off most trade days.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,899
  • Jan 24, 2021 12:29pm Jan 24, 2021 12:29pm
IDD, you are forgiven.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55,900
  • Jan 24, 2021 2:07pm Jan 24, 2021 2:07pm
Quoting Avery
{quote} Do you trade cryptos? Bitcoin moves 3% a day on average. I belive its 4000 Pips. So even more room.

edit, my 5% is obviously a lot less thn Buttcoin 3% lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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