Attachments: Billytt Die happy trading e/j daily breakout

Billytt Die happy trading e/j daily breakout

#56,381
Feb 16, 2021 4:06am Feb 16, 2021 4:06am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

time now 10-05 cable, my bias is short until that 00-00 high breaks, if/when or maybe not.
on paper price looks like it should be going up,
BUT THAT ISNT A LKINE, lol.
trade well all.

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#56,382
Feb 16, 2021 4:06am Feb 16, 2021 4:06am

gnu9lg87
| Joined May 2009 | Status: lost in the void | 2,977 Posts

Quoting billytt

Disliked

i am still 12 points down from yesterday but made 3 back and in the process of reclaiming the 12.

Ignored

#56,383
Feb 16, 2021 4:10am Feb 16, 2021 4:10am

gnu9lg87
| Joined May 2009 | Status: lost in the void | 2,977 Posts

Quoting billytt

Disliked

time now 10-05 cable, my bias is short until that 00-00 high breaks, if/when or maybe not. on paper price looks like it should be going up, BUT THAT ISNT A LKINE, lol. trade well all.

Ignored

Bias here is short too.

Its was short yesterday already but i got in trouble with my shorts there.

It might be that this bias is influenced here by something emotional saying "price is very high, actually it should drop". Others might say its a strong up trend and it will even go higher.

Like said on the weekly chart from a statistical point of view the last time i noticed 7 weeks closing green in a row was back end of 2012. We are now in the beginning of week 6, so might be an idea to look short at least by next week.

#56,384
Feb 16, 2021 4:12am Feb 16, 2021 4:12am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting billytt

Disliked

i am still 12 points down from yesterday but made 3 back and in the process of reclaiming the 12.

Ignored

minus 4 now, Thank you Dax lol

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#56,385
Feb 16, 2021 4:16am Feb 16, 2021 4:16am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting lddd

Disliked

{quote} Bias here is short too. Its was short yesterday already but i got in trouble with my shorts there. It might be that this bias is influenced here by something emotional saying "price is very high, actually it should drop". Others might say its a strong up trend and it will even go higher. Like said on the weekly chart from a statistical point of view the last time i noticed 7 weeks closing green in a row was back end of 2012. We are now in the beginning of week 6, so might be an idea to look short at least by next week.

Ignored

my bias is totally reflected off the 00-00 4 hour bar high/low.
i never think, as there are too many contradictions ie, over bough/sold , highs/lows etc
i just keep to my lines and times.

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#56,386
Feb 16, 2021 4:20am Feb 16, 2021 4:20am

gnu9lg87
| Joined May 2009 | Status: lost in the void | 2,977 Posts

Quoting billytt

Disliked

{quote} my bias is totally reflected off the 00-00 4 hour bar high/low. i never think, as there are too many contradictions ie, over bough/sold , highs/lows etc i just keep to my lines and times.

Ignored

Yeah. I actually try not having a bias at all. Its more a observation than a bias used to make a decicion. Too much contradictions, like you say. Trading the lines.

#56,387
Feb 16, 2021 7:44am Feb 16, 2021 7:44am

gnu9lg87
| Joined May 2009 | Status: lost in the void | 2,977 Posts

Quoting billytt

Disliked

{quote} minus 4 now, Thank you Dax lol

Ignored

Same here now after going short on the 08-15 low break. Counting in spread/com for the last trades -6 for the week but already looks friendlier now.

Having profit goals however, lets see if i am able to end the week with +5 at least after the fail yesterday. 3 days to go. So a theoretical +15 left, i could end with +9 (15-6). One more fail however it will become taff without making additional points somewhere/somehow else.

#56,388
Feb 16, 2021 8:00am Feb 16, 2021 8:00am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

i was finished before 13-00 US open, then it dropped even further yaaaaaaaaaaaaaaaay.

i fixed my counter off retrace trades in the 00-00 4 hour range.
i only needed 4 points plus my holding fee, that was good plus a few shekels extra yaaaaaaaaaaay

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#56,389
Feb 16, 2021 8:32am Feb 16, 2021 8:32am

samuel2133
| Joined Jul 2017 | Status: Trader | 368 Posts

Quoting lddd

Disliked

{quote} Yes. I did not counter/locked it. I went in like regular this morning (traded the line). So bought at the high. SL at the opposite end of the range. This got me -14. Then i took another short trying to reduce my loss a little bit by looking for +5 again, but got out for -8 again. So -22 at this time. Then i had 2 more buys but could only manage +3 Pips on them. So right now at -19 (-$1000). So maybe it would have been better stayed at the sideline today. Maybe i would have. But didn´t even notice about the holidays. Now its easy to say after...

Ignored

In my opinion, and if you look at historical data, you'll notice that this kind of wipeout happens from time to time, but this one was special. I think it is one of the most severe wipeouts out there (maybe not the most, but one of the ugliest for sure). I've had 2 more losses after I told you that I was buying yesterday.
Eventually, it broke and made a lot of pips, and I am barely positive.

If I had to give my own perspective, it will be to start with a small position that will give you enough room for losing streaks. You are using the other side of the range, so you would have been able to finish your day green, and I think make much more than I did. I think you were you one or two trades away from that break north?

#56,390
Edited 9:41am Feb 16, 2021 9:10am | Edited 9:41am

gnu9lg87
| Joined May 2009 | Status: lost in the void | 2,977 Posts

Quoting samuel2133

Disliked

{quote} In my opinion, and if you look at historical data, you'll notice that this kind of wipeout happens from time to time, but this one was special. I think it is one of the most severe wipeouts out there (maybe not the most, but one of the ugliest for sure). I've had 2 more losses after I told you that I was buying yesterday. Eventually, it broke and made a lot of pips, and I am barely positive. If I had to give my own perspective, it will be to start with a small position that will give you enough room for losing streaks. You are using the...

Ignored

Yesterday the high failed and i actually wanted to counter / lock-in the loss. After that failed due to my own mistakes on trade management i got stopped out instead. But no problem. Otherwise i would probably not have executed any further trades and would have waited instead for today after having noticed about the bank holidays and ugly movement price did until that point.

I would then have tried to release the position with today`s BillyBar setup again. So at time of the first high break would have closed the negative side at -29. While sticking to the long position from yesterday at +15 but looking for additional +14 pips from there so i could close it for break even.

Plus. I would have added another long position looking for only +5 on the break today like normally.

Now its easy to say this would have worked out because the high break today was good for +15 before retracing back and i would have fixed the fail + banked my +5 with the second position.

Regarding to starting with a lower position size and then increase. Well this sounds nice in theory but this also will lower your profits. If you want to call it a day early once booked in that +5. But then you are more likely to keep on trading looking for these extra points because that +5 would´t be the same $$$ or %%% trading it at a lower size.

But yes, i always make sure to have gas left in the tank. I would´t go ALL in with a single breakout trade here at the start of the day.

I don´t need/want to make any more than +5 as an AVERAGE per day. If there are 20-22 trading days a month and my win rate for achieving this goal is only about 50% this would leave me with 25 green Pips by the end of the month.

This would be more than enough for me. 25 Points can mean $250, they can mean $25000...

#56,391
Edited 10:17am Feb 16, 2021 9:45am | Edited 10:17am

claudia1
Joined Apr 2013 | Status: Trader | 10,297 Posts

Quoting claudia1

Disliked

{quote} It should be going up although we have hit 3 year highs. Problem is the Prime Minister moves the goal posts every day. Sitting out until NY opens - might see some sense then. @ Lem having an afternoon at Kempton - have a look if you get a chance. Gosden has a sure winner but low odds.

Ignored

Won at 5/4.

Edit: Adam just gave me a 22/1 winner in the 15.55 - lol that's enough for the day.

#56,392
Feb 16, 2021 10:30am Feb 16, 2021 10:30am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Quoting claudia1

Disliked

{quote} Won at 5/4. Edit: Adam just gave me a 22/1 winner in the 15.55 - lol that's enough for the day.

Ignored

yaaaaaaaaaaaaaaaaaaaaaaay, very nice

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#56,393
Feb 16, 2021 10:56am Feb 16, 2021 10:56am

Wizzlebizzle
| Joined Aug 2015 | Status: Trader | 475 Posts

Quoting claudia1

Disliked

{quote} Won at 5/4. Edit: Adam just gave me a 22/1 winner in the 15.55 - lol that's enough for the day.

Ignored

Nice one

Took me a bit longer to admit before I realised you were talking about horses. I was searching through the thread for an "Adam strategy based of the 15:55 bar" xD

#56,394
Feb 16, 2021 10:59am Feb 16, 2021 10:59am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting claudia1

Disliked

{quote} Won at 5/4. Edit: Adam just gave me a 22/1 winner in the 15.55 - lol that's enough for the day.

Ignored

Sweet. Didn't end up having the time to go through the horses after all. Stuck to milking the afternoon session.

#56,395
Feb 16, 2021 11:00am Feb 16, 2021 11:00am

claudia1
Joined Apr 2013 | Status: Trader | 10,297 Posts

Quoting Wizzlebizzle

Disliked

{quote} Nice one Took me a bit longer to admit before I realised you were talking about horses. I was searching through the thread for an "Adam strategy based of the 15:55 bar" xD

Ignored

Lol. Sounds a good strategy !

Horses and music are more fun than fx.

#56,396
Feb 16, 2021 11:17am Feb 16, 2021 11:17am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Finally managed to get some time back on the screens. What a rubbish day, lol...so many games being played and deadly for the unwary.

Anyway, stuck to it and came out just fine mostly Kijun-sen and dynamic-fib triggers. Simple stuff. Patience and take what you get from the best shots.

GU +2.6 Dynamic Fibs

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