Billytt Die happy trading e/j daily breakout | Page 2841 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,801
  • Mar 2, 2021 3:25am Mar 2, 2021 3:25am
Quoting claudia1
{quote} Well done.
Thank you. The hardest thing is to call it a day now
  • #56,802
  • Mar 2, 2021 3:27am Mar 2, 2021 3:27am
Quoting Wizzlebizzle
{quote} Thank you. The hardest thing is to call it a day now
I nearly said that lol
  • #56,803
  • Mar 2, 2021 3:35am Mar 2, 2021 3:35am
Quoting Wizzlebizzle
{quote} Thank you. The hardest thing is to call it a day now
Excellent quote.
That is what screws up a lot of traders.
They have profit and then lose it.
I may seem contradicting when i speak about playing , but trading now for me is like a game /hobby.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,804
  • Mar 2, 2021 4:44am Mar 2, 2021 4:44am
Wizz, anyone.
i will show examples.
RETRACE TRADES.
To give you an idea when to trade one, go down to a 5 min or 2 min chart, and use the bars which then retrace to enter.
Cable 2 minute just copied.

the 00-00 low had broken, then it retraced back up.
The black lines show where could short.
some of these black lines are good and a couple fail.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 02 03 21 A.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: au 02 03 21 B.png Size: 18 KB
same with a/u just added at 10-53 wins and fails.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,805
  • Mar 2, 2021 5:07am Mar 2, 2021 5:07am
Quoting billytt
Wizz, anyone. i will show examples. RETRACE TRADES. To give you an idea when to trade one, go down to a 5 min or 2 min chart, and use the bars which then retrace to enter. Cable 2 minute just copied. the 00-00 low had broken, then it retraced back up. The black lines show where could short. some of these black lines are good and a couple fail. {image} {image} same with a/u just added at 10-53 wins and fails.

Thanks Billy. That is exactly how I was looking at it this morning
  • #56,806
  • Mar 2, 2021 5:11am Mar 2, 2021 5:11am
Not trading this, but could short here again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-03-02 at 11.10.26.png Size: 87 KB
  • #56,807
  • Mar 2, 2021 5:12am Mar 2, 2021 5:12am
Quoting Wizzlebizzle
{quote} Thanks Billy. That is exactly how I was looking at it this morning
that is good.
i am trying to help and get people thinking.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,808
  • Mar 2, 2021 5:18am Mar 2, 2021 5:18am
Quoting Wizzlebizzle
Not trading this, but could short here again {image}
yep, precisely.
only thing is. i wouldnt keep doing it.
i do not mean to to you .
You know get yer basket of pips then chill.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,809
  • Mar 2, 2021 5:30am Mar 2, 2021 5:30am
Quoting Wizzlebizzle
Not trading this, but could short here again {image}
Would have failed.
  • #56,810
  • Mar 2, 2021 6:31am Mar 2, 2021 6:31am
Quoting Wizzlebizzle
{quote} Would have failed.
That is why i said ,i wouldn't keep doing it.
Let me explain.
Cable today, 08-00 broke high, i got 5% i now should be out in the sun.
BUT we have the 00-00 4 hour range, the low broke and then retraced back into the 00-00 area.
Anywhere in this area is a short bias. (forget about the 08-00 high break).

So instead of just shorting where i might think is a good place, why now try get a clue or two,
stick a 2 min chart or 5 minute and lets see if they can help.

Attached Image
one fail and one with approx 9/10 if we traded or if we traded and close.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,811
  • Mar 2, 2021 6:33am Mar 2, 2021 6:33am
Quoting billytt
{quote} Excellent quote. That is what screws up a lot of traders. They have profit and then lose it.
I can sing a full song on it. Just give me a beat :-) Not so much anymore since listening to some of your advice.

Itīs interesting how our brain works. You take a trade and what you remember is all about what you left on the table. So you are setted up for FOMO before your next trade without even beeing really aware of it.

Now try to remember how often it did NOT work? Price directly moved against you NOT clearing the table for you. You might had at least the chance to take a few and call it a day, be happy? No but you didnīt.... You then might even have to put in endless of more hours just to get back to break even for the day.

Another example. How many traders start to become scared while they are in a winning trade? Instead of thinking of where to add even more lots to it, they start to think, where to get out? BUT in return, what they do if the trade is under water right from the get go? Instead of getting scared losing even more and get out of the trade they begin to HOPE and keep holding to it until it becomes a nightmare.
  • #56,812
  • Mar 2, 2021 6:46am Mar 2, 2021 6:46am
Quoting billytt
{quote} That is why i said ,i wouldn't keep doing it. Let me explain. Cable today, 08-00 broke high, i got 5% i now should be out in the sun. BUT we have the 00-00 4 hour range, the low broke and then retraced back into the 00-00 area. Anywhere in this area is a short bias. (forget about the 08-00 high break). So instead of just shorting where i might think is a good place, why now try get a clue or two, stick a 2 min chart or 5 minute and lets see if they can help. {image}one fail and one with approx 9/10 if we traded or if we traded and close....
Hi yes I agree. Sorry didn't mean to slack of the trade/method, was just following up on the chart I posted before.

Time to go out in the sun indeed
  • #56,813
  • Mar 3, 2021 3:27am Mar 3, 2021 3:27am
Morning all.
cable 08-00 break.
Low broke for + 5%.
Thats all folks. lol
trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,814
  • Mar 3, 2021 3:39am Mar 3, 2021 3:39am
Quoting billytt
Morning all. cable 08-00 break. Low broke for + 5%. Thats all folks. lol trade well all.
Same here.

Can i ask if you use pending orders to get in the trade or do you manual execute orders if price hits the high or low prices of the range established?

I think I should better manual execute orders maybe because of spread at times could be to high otherwise, not sure.
  • #56,815
  • Mar 3, 2021 4:30am Mar 3, 2021 4:30am
Quoting lddd
{quote} Same here. Can i ask if you use pending orders to get in the trade or do you manual execute orders if price hits the high or low prices of the range established? I think I should better manual execute orders maybe because of spread at times could be to high otherwise, not sure.
pending order i use 99% of the time for an entry.
i enter on the exact number and discou nt the point.
ie, cable low was 13977.4 (point 4) my entry was 13977 exact.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,816
  • Mar 3, 2021 4:42am Mar 3, 2021 4:42am
i have noticed that the Mr T 1 minute level breaks have been quite good.
several wins and a couple of fails.
I actually left them all alone. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,817
  • Mar 3, 2021 5:45am Mar 3, 2021 5:45am
Quoting billytt
{quote} pending order i use 99% of the time for an entry. i enter on the exact number and discou nt the point. ie, cable low was 13977.4 (point 4) my entry was 13977 exact.
Thanks, and have a good day.
  • #56,818
  • Mar 4, 2021 1:53am Mar 4, 2021 1:53am
Goodmorning everyone,

Have not traded yesterday. And will skip the BillyBar today because of OPEC meetings in combination with the sideways action we had have since 0530 orso (my stats do not show great things in relation to this (not BB specific)). Maybe if I see a good opportunity with one of my other strats I will hop in later.

Have a good one all
  • #56,819
  • Mar 4, 2021 2:30am Mar 4, 2021 2:30am
Quoting Wizzlebizzle
Goodmorning everyone, Have not traded yesterday. And will skip the BillyBar today because of OPEC meetings in combination with the sideways action we had have since 0530 orso (my stats do not show great things in relation to this (not BB specific)). Maybe if I see a good opportunity with one of my other strats I will hop in later. Have a good one all
i ignore the opec meeting, they have not influenced much in the past.
trading is like dancing, don't think and just listen to the music!
  • #56,820
  • Mar 4, 2021 2:36am Mar 4, 2021 2:36am
Hi all, i hope everyone are ok.
Cable 08-00 break, low broke for +5%.
i dropped and is currently around the high of the 00-00 area. bias is long even though i shorted the 08-00.
Trade well all.
t 08-36
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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