Billytt Die happy trading e/j daily breakout | Page 2864 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,261
  • Mar 29, 2021 9:48am Mar 29, 2021 9:48am
Quoting lddd
{quote} Is my chart wrong again? To me it broke both sides? {image}
Claudia has marked it for you below.
  • #57,262
  • Mar 29, 2021 9:49am Mar 29, 2021 9:49am
Quoting lddd
{quote} Is my chart wrong again? To me it broke both sides? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(Ģ)M15.png Size: 29 KB
  • #57,263
  • Mar 29, 2021 9:57am Mar 29, 2021 9:57am
Quoting claudia1
{quote} Read the thread. Think I made 1k trading the 'not the billy bar'. Difficult to lose today. Target hit for the week with a good sell off NY.
I just posted a chart. You are right. Looks like any selling since the NY open has been good.

I did first came to my screen just about an hour ago. I took a short at @1.37800, TP 10, so @1.37700. SL was only -10 (yay, i am getting better at risk to reward, only 1:1 hehehe). Worked out, took profit @1.3600. I started doing these trades as an alternative to the BillyBar with a daily goal of making 10 Pips with a fixed SL of -10 at max. Trading the "breaks" of the these round numbers (10,20,30,40,50,...) after the H1 opens for 08-15 GMT and GBP/USD only.

Works quiet good so far, i am only doing this for a 2 weeks now and only took a handful of trade. I havenīt run through any larger drawdown periods. I had one stop out for -10 after 14 trades and a few where i jumped out earlier moving my stop from +5 to 1 where it then retraced against me.

But this is only to "fix" for the fails i have with trading the BillyBar. Not looking to make more pips at all. The main goal is still to come out at +5 at least by the end of a week considering in the fails too.
  • #57,264
  • Mar 29, 2021 9:59am Mar 29, 2021 9:59am
Quoting claudia1
{quote} {image}
I forgot to adjust for summer time, thanks a lot!
  • #57,265
  • Mar 29, 2021 10:43am Mar 29, 2021 10:43am
Quoting lemercenaire
{quote} I'll have look, Claudia. What's the weather like? It's torrents here.
We have the sun here on the coast. yaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,266
  • Mar 29, 2021 10:45am Mar 29, 2021 10:45am
Sooooooooooooooo,
Cable 08-00 ..... High broke for +5.
i also took a few points off dax, i saw it dropped and got a long entry.
Then walk through Forest to the sea. yaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,267
  • Mar 29, 2021 11:21am Mar 29, 2021 11:21am
Quoting MichaelG
Hi Guy's and Gal's. The new and restrictive changes to margin and leverage requirements set by ASIC came into force today. Quite a change that (probably) means that GU trades will not be on my agenda at all now. Essentially.... Prior to the changes....and remembering my account is funded in AUD... Example....A 0.10 lot size would have required a margin of about $180.......therefore a $360 requirement if you had a counter on. NOW....the same lot size requires $602 .....therefore $1204 if on a counter. They are making it harder to make a quid......even...
But don't you know it's for your own good, buddy?
  • #57,268
  • Mar 29, 2021 11:27am Mar 29, 2021 11:27am
Quoting claudia1
{quote} Must admit I forget FTSE. Hey you shouldn't be laughing she'll drag you off to a garden centre !
This would be Cable NY open Claudia ? ( short)
Attached Image (click to enlarge)
Click to Enlarge Name: ClaudiaPM pound.png Size: 436 KB
every Saint has a past. Every Sinner has a Future
  • #57,269
  • Mar 29, 2021 11:30am Mar 29, 2021 11:30am
Quoting turnip15
{quote} This would be Cable NY open Claudia ? ( short) {image}
Yep. Read post 57244
  • #57,270
  • Mar 29, 2021 11:31am Mar 29, 2021 11:31am
Quoting ia1979
{quote} Hi Michael, Quite a few of us like Swiss chocolate, nudge nudge, wink wink
Yodel-Hee-EE-EEEEEE!!!
  • #57,271
  • Mar 29, 2021 11:35am Mar 29, 2021 11:35am
Today was an exception ...
Inserted Video
  • #57,272
  • Mar 29, 2021 11:37am Mar 29, 2021 11:37am
Quoting MichaelG
Hi Guy's and Gal's. The new and restrictive changes to margin and leverage requirements set by ASIC came into force today. Quite a change that (probably) means that GU trades will not be on my agenda at all now. Essentially.... Prior to the changes....and remembering my account is funded in AUD... Example....A 0.10 lot size would have required a margin of about $180.......therefore a $360 requirement if you had a counter on. NOW....the same lot size requires $602 .....therefore $1204 if on a counter. They are making it harder to make a quid......even...

Hi M, these damn margin rules are terrible.
It means it will take slightly longer for a person to lose their money.
It costs me thousands to place a trade, luckily the margin is quite safe.
Trade well and welcome to the margin club.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,273
  • Mar 29, 2021 11:39am Mar 29, 2021 11:39am
Cable loves to come home for its dinner...

The Billy Bar

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15asBB29thMarch2021allthewaybackhome.png Size: 44 KB


The Billy Bar 30

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30asBB30march29th2021.png Size: 42 KB
  • #57,274
  • Mar 29, 2021 11:53am Mar 29, 2021 11:53am
Quoting lemercenaire
Cable loves to come home for its dinner... The Billy Bar {image} The Billy Bar 30 {image}
Not a bad start on the horseys Adam got a place at 15/2 in the 5.20
  • #57,275
  • Mar 29, 2021 12:09pm Mar 29, 2021 12:09pm
Quoting ia1979
{quote} Thanks TS. Would it be correct to assume that these numbers are in pips, not points?
Pips are Points. i always say points.

PIPS abbrv for Price Interest Point <<<<< i just googled it lol.( i did know it was an abbrv.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,276
  • Mar 29, 2021 12:33pm Mar 29, 2021 12:33pm
Quoting claudia1
{quote} Not a bad start on the horseys Adam got a place at 15/2 in the 5.20
Hollie just gave me a win at 9/4.
  • #57,277
  • Mar 29, 2021 12:52pm Mar 29, 2021 12:52pm
Quoting claudia1
{quote} Hollie just gave me a win at 9/4.
Good day for you!
  • #57,278
  • Mar 29, 2021 1:26pm Mar 29, 2021 1:26pm
Final play of the day, just for giggles.

Triple-Dipper, though one has already been closed here, for +15.4 +19.4 +20.6

Attached Image (click to enlarge)
Click to Enlarge Name: NASendofday29thmarch2021for+15.4+19.4+20.6.png Size: 24 KB
  • #57,279
  • Mar 29, 2021 1:35pm Mar 29, 2021 1:35pm
Quoting lemercenaire
Final play of the day, just for giggles. Triple-Dipper, though one has already been closed here, for +15.4 +19.4 +20.6 {image}
I lied. One (two) more...

+3.9 +7.3

Attached Image (click to enlarge)
Click to Enlarge Name: NASonemoreMarch29th2021+3.9+7.3.png Size: 24 KB
  • #57,280
  • Mar 29, 2021 2:07pm Mar 29, 2021 2:07pm
Quoting MichaelG
Hi Guy's and Gal's. The new and restrictive changes to margin and leverage requirements set by ASIC came into force today. Quite a change that (probably) means that GU trades will not be on my agenda at all now. Essentially.... Prior to the changes....and remembering my account is funded in AUD... Example....A 0.10 lot size would have required a margin of about $180.......therefore a $360 requirement if you had a counter on. NOW....the same lot size requires $602 .....therefore $1204 if on a counter. They are making it harder to make a quid......even...
Hello MichaelG,

regading Counter trades - this depends on your broker and the symbols "Margin hedge" & "Margin percentage" settings.

Attached Image

Based on this setting I will get my margin back - negativ P/L remains.
Check your broker's settings :-)

Mucky
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