Billytt Die happy trading e/j daily breakout | Page 2816 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,301
  • Feb 12, 2021 3:07am Feb 12, 2021 3:07am
Cable, 08-00 break.
Low broke for +5%.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,302
  • Feb 12, 2021 3:38am Feb 12, 2021 3:38am
getting back to retrace trades.
Chart below, cable 15 minute bar.
00-00 range is 28.
Low broke at 1. then retraced back up.
Anywhere in that 2 area we can short. if we did we would of gained some points.
Remember , this can fail. Like yesterday ,the High broke then just dropped with no turning back.
Attached Image
t 09-38
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,303
  • Feb 12, 2021 4:03am Feb 12, 2021 4:03am
Quoting birdland
i took me now 10 years to find out a simple way of place a buy/sell stop order with mt4;-) just right click on mouse, then go to "trade" and you will have different order options like buy/sell stop. anyway, normally i order "at market" but since i trade the BB i need the stop orders.
If you hedge on MT4 your broker may also allow the Close By order. When you close one against another you will only pay 1x commission. Every penny counts especially with Brokers..

Info below might be useful:

Close by Opposite Positions
Opposite position towards the given one is a reverse position for the same symbol. If there is one or more opposite positions among the open positions, one can close the selected position by and together with an opposite one. To do so, one has first to open the "Order" window (as described above).

https://www.metatrader4.com/i/help/t..._close_met.png

Then, the "Close by" must be selected in the "Type" field. After that, the list of all opposite positions will appear in the lower part of the window. One has to select an opposite position in this list, and after that the "Close... " button will be activated. It allows to close two positions at the same time. Only one of two opposite positions with different amounts of lots to be traded will remain. The volume (amount of lots) of this position will equal to the difference between lots of the two closed positions, and its direction and open price (short or long) will correspond with those of the larger (in volume) of two closed positions.
Multiple Close by Opposite Positions
Multiple close of several opposite positions allows to close more than two opposite positions at the same time. To perform this operation, one has also to open the "Order" window (as described above). Then the "Multiple close by" must be selected in the "Type" window. At that, the list of all opposite positions will appear in the lower part of the window, and the "Multiple close by... " button will be active. It allows to close opposite positions. Positions will be closed in pairs, according to the open time, and they will be closed as described above for two opposite positions. If the difference between the sums of volumes is not zero, a new position will be opened as a result of the operation, the volume being equal to this difference. The newly opened position will participate in the multiple close process, but according to its open time, and so on until all positions are closed or the last resulting position is opened.

Attention: After opposite positions have been closed, the corresponding records will be made in the "Terminal – Account History" window. At that, overhead information about closing of opposite positions will be entered in the "Comment" field.

  • #56,304
  • Feb 12, 2021 4:12am Feb 12, 2021 4:12am
Quoting Fagin
{quote} If you hedge on MT4 your broker may also allow the Close By order. When you close one against another you will only pay 1x commission. Every penny counts especially with Brokers.. Info below might be useful: Close by Opposite Positions Opposite position towards the given one is a reverse position for the same symbol. If there is one or more opposite positions among the open positions, one can close the selected position by and together with an opposite one. To do so, one has first to open the "Order" window (as described above). {image}...
interesting, thx. i did not know that.
trading is like dancing, don't think and just listen to the music!
  • #56,305
  • Feb 12, 2021 4:23am Feb 12, 2021 4:23am
Quoting birdland
{quote} interesting, thx. i did not know that.
Not many do. You'll not find it as part of the broker "training" they all seem to offer..
  • #56,306
  • Feb 12, 2021 5:03am Feb 12, 2021 5:03am
11-02 and cable is 39 range, lol.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
come onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn DROP
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,307
  • Edited 5:30am Feb 12, 2021 5:19am | Edited 5:30am
Quoting billytt
11-02 and cable is 39 range, lol. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz come onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn DROP
Using todays snooze fest to work on my scalping mindset..

This mornings skirmish...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 31 KB

14 trades 10 winners and 4 losers with +4 pip profit. The 1st two trades were losers at -5 pips each until I steadied myself.. so back to the class and need to improve!
  • #56,308
  • Feb 12, 2021 5:38am Feb 12, 2021 5:38am
Quoting Fagin
{quote} Using todays snooze fest to work on my scalping mindset.. This mornings skirmish... {image} 14 trades 10 winners and 4 losers with +4 pip profit. The 1st two trades were losers at -5 pips each until I steadied myself.. so back to the class and need to improve!

i have made 1 scalp today, DAX der derrrr, crucified it lol.
i also made my 08-00 break as posted and 2 small re trace trades on cable.
i am just not confident due to slow movement.
Like i posted, cable should of blown by now.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,309
  • Feb 12, 2021 5:50am Feb 12, 2021 5:50am
Quoting billytt
{quote} i have made 1 scalp today, DAX der derrrr, crucified it lol. i also made my 08-00 break as posted and 2 small re trace trades on cable. i am just not confident due to slow movement. Like i posted, cable should of blown by now.
Not liking these low range, slow days. Makes it a lot harder. Even Dax seems to be asleep. Need Lem to whip it into action!
  • #56,310
  • Feb 12, 2021 5:54am Feb 12, 2021 5:54am
Quoting billytt
getting back to retrace trades. Chart below, cable 15 minute bar. 00-00 range is 28. Low broke at 1. then retraced back up. Anywhere in that 2 area we can short. if we did we would of gained some points. Remember , this can fail. Like yesterday ,the High broke then just dropped with no turning back. {image}t 09-38
Great info Billy thanks. Whilst this method can fail like yesterday, you would still potentially lose less if you entered on a retrace instead of straight break.
  • #56,311
  • Feb 12, 2021 6:08am Feb 12, 2021 6:08am
Quoting ia1979
{quote} Great info Billy thanks. Whilst this method can fail like yesterday, you would still potentially lose less if you entered on a retrace instead of straight break.
Over the years , i have said this often.
A retrace trade is a standard method used for years and years, it wasnt invented by me.

Yesterday was a good example of a fail once in retrace. It doesn't always work. but the following short trades were good.
Actually the high was triggered and price immediately fell, this was a catch by brokers.
i didn't long that as i had a feeling, lol.
Had i, i would of fixed it with thye shorts.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,312
  • Feb 12, 2021 8:27am Feb 12, 2021 8:27am
Messy price action on GU. Range still only 38 for the day. Will we get another 10+ today or will it remain like this?

I have orders either side like Claudia. Targets being daily pivot to the upside and DS2 if it breaks low.

EU has had a much better day so far.
  • #56,313
  • Feb 12, 2021 8:30am Feb 12, 2021 8:30am
Quoting ia1979
Messy price action on GU. Range still only 38 for the day. Will we get another 10+ today or will it remain like this? I have orders either side like Claudia. Targets being daily pivot to the upside and DS2 if it breaks low.
US stockmarkt opens, action will start now (hopefully;-))
trading is like dancing, don't think and just listen to the music!
  • #56,314
  • Feb 12, 2021 8:40am Feb 12, 2021 8:40am
Quoting birdland
{quote} US stockmarkt opens, action will start now (hopefully;-))
Not a million miles away from the weekly high. Wonder if that will get tested, or even 1.3850.
  • #56,315
  • Feb 12, 2021 8:49am Feb 12, 2021 8:49am
Quoting ia1979
Messy price action on GU. Range still only 38 for the day. Will we get another 10+ today or will it remain like this? I have orders either side like Claudia. Targets being daily pivot to the upside and DS2 if it breaks low. EU has had a much better day so far.
Now that was fantastic. It was like the GU of old days lol. Trigger, and target hit within minutes.
  • #56,316
  • Feb 12, 2021 8:54am Feb 12, 2021 8:54am
dp reached;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 for ff.png Size: 48 KB
trading is like dancing, don't think and just listen to the music!
  • #56,317
  • Feb 12, 2021 9:22am Feb 12, 2021 9:22am
a difficult week, normally i have 150 pips/week on average (or 30 per day)

this week at least above 100, so i am happy.
Attached Image
trading is like dancing, don't think and just listen to the music!
  • #56,318
  • Feb 12, 2021 9:32am Feb 12, 2021 9:32am
Cable finally did well, broke the high of the 00-00 and now not far off the magic 70.
i didnt trade any of it as i had wrapped up, but i did catch another dax scalp0.
yaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,319
  • Feb 12, 2021 10:23am Feb 12, 2021 10:23am
Quoting billytt
Cable finally did well, broke the high of the 00-00 and now not far off the magic 70. i didnt trade any of it as i had wrapped up, but i did catch another dax scalp0. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
What is magic 70, Mate? Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #56,320
  • Feb 12, 2021 10:43am Feb 12, 2021 10:43am
Quoting TooSlow
{quote} What is magic 70, Mate? Cheers!
Hi TS, when i chase part of the daily range, i used to say i get a modest amount.
I now say 70 points. and 70 seems good.
Hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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