Billytt Die happy trading e/j daily breakout | Page 2822 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,421
  • Feb 17, 2021 4:10am Feb 17, 2021 4:10am
Quoting Wizzlebizzle
{quote} Yes I understand all too well. It seems you have stuck to your plan though? Regardless weather you then had a losing day/week/month or not, you did ok? There are too many shoulda coulda woulda's
Yes, overall i am doing fine. It just feels that i need to become a bit more "flexible". I tried doing so today by "getting some more". Maybe bad luck it did´t work out for me.

Anyways trade well all. I will try the 08-15 low break too today if it still gets there within the next 1-2 hours, otherwise i will have to leave it by that. I would like to leave home this afternoon to visit a friend.
  • #56,422
  • Feb 17, 2021 4:13am Feb 17, 2021 4:13am
Wake up Lem - Kempton again. 16.45 with Hayley. Not a handicap but worth an e/w at 11/2
  • #56,423
  • Edited 4:41am Feb 17, 2021 4:19am | Edited 4:41am
i was going to show you something like this yesterday,
chart below, see X, that line acting like a mini supprt, is exactly half the distance of the 00-00 range.
Attached Image
pssssst, look at Dax

edit, i said acting like a mini support, i should of said, this can be a trigger line.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,424
  • Feb 17, 2021 4:32am Feb 17, 2021 4:32am
This is funny - just got a gift delivered being some bottles of wine. Label says 'The Black Pig' !!!! lol is that allowed these days ? Maybe have to go down on one knee to drink it.
  • #56,425
  • Feb 17, 2021 4:39am Feb 17, 2021 4:39am
Quoting claudia1
This is funny - just got a gift delivered being some bottles of wine. Label says 'The Black Pig' !!!! lol is that allowed these days ? Maybe have to go down on one knee to drink it.
Attached Image


drink it all and you'll be on both knees or in gutter.
Black Pig, love it.
Speaking being politically correct, i sent radio 4 an email the other day after they had a report of Pigs being Trained to use a Joy Stick .
i wont go into what i said, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,426
  • Feb 17, 2021 4:44am Feb 17, 2021 4:44am
Quoting lddd
{quote} Yes, overall i am doing fine. It just feels that i need to become a bit more "flexible". I tried doing so today by "getting some more". Maybe bad luck it did´t work out for me. Anyways trade well all. I will try the 08-15 low break too today if it still gets there within the next 1-2 hours, otherwise i will have to leave it by that. I would like to leave home this afternoon to visit a friend.
Yes same.. Although you aimed for a bit more, you still got your usual +5 though? So all in all not bad, esp considering cable dropped just after you got out. Just trying to be optimistic about it hehe.

I had a bad day on Monday too, left my bot running by accident. Slowly creeping back swell.

Being more flexible.. I can only guess this comes with more experience, judging by how the experienced guys here are doing. Funny enough I was reading Bob Volman last night and one thing he stresses is to stick to conservative trades when you start out, which I interpret as being cautious and not too flexible (might be wrong in this interpretation). Definitely worth a read either way

Enjoy your afternoon
  • #56,427
  • Feb 17, 2021 4:47am Feb 17, 2021 4:47am
Perect double bottom there. Back to pivot ?
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  • #56,428
  • Feb 17, 2021 5:03am Feb 17, 2021 5:03am
Quoting claudia1
Perect double bottom there. Back to pivot ? {image}
yep, it dropped to the exact whole number oif the 00-00 low and bounced up.
i was short but closed it for a small you nknow what. fail.
Lots of time and i will fix it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,429
  • Feb 17, 2021 5:16am Feb 17, 2021 5:16am
Quoting billytt
i was going to show you something like this yesterday, chart below, see X, that line acting like a mini supprt, is exactly half the distance of the 00-00 range. {image} pssssst, look at Dax edit, i said acting like a mini support, i should of said, this can be a trigger line.
funny, i was just experimenting with that midpoint observation. so i see it as confirmation to look at this closely.
trading is like dancing, don't think and just listen to the music!
  • #56,430
  • Feb 17, 2021 5:23am Feb 17, 2021 5:23am
oops, i forgot to say, the 00-00 low was hit, So my bias is now short
t 11-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,431
  • Feb 17, 2021 5:23am Feb 17, 2021 5:23am
Quoting birdland
{quote} funny, i was just experimenting with that midpoint observation. so i see it as confirmation to look at this closely.
i do not actually use this midway point for anything, but i have known about it for years.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,432
  • Edited 6:25am Feb 17, 2021 6:07am | Edited 6:25am
Quoting Wizzlebizzle
Funny enough I was reading Bob Volman last night and one thing he stresses is to stick to conservative trades when you start out, which I interpret as being cautious and not too flexible (might be wrong in this interpretation). Definitely worth a read either way Enjoy your afternoon
Appreciate your kind words. I am always cautious and don´t want to become too flexible here because this naturally comes with new/more unknown risks.

So far i simply have to be that "flexible". Because i don´t have a more mechanical way of fixing the fail. It is like, i have to do what i have to do, right?

I think @ia1979 lately said to me. here, if there was such a way to fix your failed trade at a 100% bullet proof mechnical way. Why not then just trade that fixing plan instead? That really got me thinking...

You know, if you don´t have any goals that you are trying to reach, you also have no pressure.

I think if you really want to make it and be able to live from your trading, make a killing or any real life changing stuff, you have to be flexible here. The really "conservative" way goes out the window.

Then you have all these "pro" traders out there saying, well "take what the market gives you", go with "risk to reward of 1:2 at least", "never risk more than 1% of your account". Oh really, so where are all these traders making a living like that or driving the lambos? I am not too convinced of all that... (i was short before calling it crap...).

I think if you want to sail a big ship you also have to go where the water is deep.

edit, took the low break of the BillyBar too by the way. Got +5. I am up +6 again for the week.
  • #56,433
  • Feb 17, 2021 8:49am Feb 17, 2021 8:49am
Quoting birdland
{quote} funny, i was just experimenting with that midpoint observation. so i see it as confirmation to look at this closely.
Be cautious of mid-lines. I used them with early Dead Zone and found that as often as any other, what price would actually do, is swirl around the level before continuing on in the direction of original travel.

Not always...but the point being, not easily readable. I had to bring in Alien Tech re "close over, retest, in-we-go" style work etc before I found any real use for it.

Of course, it is then that you realise you are simply using the 50-fib level (usually along with the 23.6) of the bar anyway, lol.

Definitely has uses...maybe just not exactly as you may originally think.
  • #56,434
  • Feb 17, 2021 8:52am Feb 17, 2021 8:52am
Quoting claudia1
This is funny - just got a gift delivered being some bottles of wine. Label says 'The Black Pig' !!!! lol is that allowed these days ? Maybe have to go down on one knee to drink it.
Didn't know you knew Cap'n Pugwash!
  • #56,435
  • Feb 17, 2021 9:02am Feb 17, 2021 9:02am
Quoting lemercenaire
{quote} Be cautious of mid-lines. I used them with early Dead Zone and found that as often as any other, what price would actually do, is swirl around the level before continuing on in the direction of original travel. Not always...but the point being, not easily readable. I had to bring in Alien Tech re "close over, retest, in-we-go" style work etc before I found any real use for it. Of course, it is then that you realise you are simply using the 50-fib level (usually along with the 23.6) of the bar anyway, lol. Definitely has uses...maybe just...
So a counter could be entered going back into the body. And closed at around the 50% level. Or wherever, just not in the negative ideally. Knowing that price is likely to return towards the original break. Then if it does, you’ve got a handful of extra points from the counter trade you’ve just closed. And if it doesn’t return towards the original break, you could enter another counter if it breaks the other side of the candle. Hope I’m making sense.
  • #56,436
  • Feb 17, 2021 9:22am Feb 17, 2021 9:22am
Quoting ia1979
{quote} So a counter could be entered going back into the body. And closed at around the 50% level. Or wherever, just not in the negative ideally. Knowing that price is likely to return towards the original break. Then if it does, you’ve got a handful of extra points from the counter trade you’ve just closed. And if it doesn’t return towards the original break, you could enter another counter if it breaks the other side of the candle. Hope I’m making sense.
Woo-Hoo!!! You got it!!!

You get a double thumbs-up for that!

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Amazing what happens when you use your brain, isn't it?!
  • #56,437
  • Feb 17, 2021 9:26am Feb 17, 2021 9:26am
Back to yesterday's hunting ground...

USTec +7.3 +23.5 +29.1 Kijun-sen Spike-Hunt

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Got greedy on that last one...
  • #56,438
  • Feb 17, 2021 9:42am Feb 17, 2021 9:42am
Quoting lemercenaire
{quote} Woo-Hoo!!! You got it!!! You get a double thumbs-up for that! {image} Amazing what happens when you use your brain, isn't it?!
Thanks Lem .

I’ve recently made another observation. When a bar breaks, or a range breaks, price likes to return back into the range (or the body of the candle). And if you’re looking for around 5 pips, more often than not you’ll get it quicker if you follow price back in to the range or body of the candle. Sort of like an inverse break. Just an observation based on recent eye balling of the charts. Especially if taken at non volatile times.
  • #56,439
  • Feb 17, 2021 9:52am Feb 17, 2021 9:52am
Quoting ia1979
{quote} Thanks Lem . I’ve recently made another observation. When a bar breaks, or a range breaks, price likes to return back into the range (or the body of the candle). And if you’re looking for around 5 pips, more often than not you’ll get it quicker if you follow price back in to the range or body of the candle. Sort of like an inverse break. Just an observation based on recent eye balling of the charts. Especially if taken at non volatile times.
...And that would be Wick-Zone trading. You have definitely moved up to wearing your Big-Boy pants today, lol.

The shades come out for that one now...

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  • #56,440
  • Feb 17, 2021 9:54am Feb 17, 2021 9:54am
Quoting lemercenaire
{quote} ...And that would be Wick-Zone trading. You have definitely moved up to wearing your Big-Boy pants today, lol. The shades come out for that one now... {image}
It does show that you didn't read much of my Dead Zone stuff, mind you, lol, which is pretty much all Wick-Zone tech...
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