Billytt Die happy trading e/j daily breakout | Page 2865 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,281
  • Mar 29, 2021 2:25pm Mar 29, 2021 2:25pm
Quoting billytt
{quote} 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.
Cheers Billy. I think it depends on your broker/EA as well. For example when I use my EA, 100 points equals 10 pips.
  • #57,282
  • Mar 29, 2021 2:37pm Mar 29, 2021 2:37pm
Quoting lemercenaire
{quote} Good day for you!
Adam got a 10/1 win in the last. Couple of losers but what a day.
  • #57,283
  • Mar 29, 2021 2:53pm Mar 29, 2021 2:53pm
Quoting claudia1
{quote} Adam got a 10/1 win in the last. Couple of losers but what a day.
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  • #57,284
  • Mar 29, 2021 5:24pm Mar 29, 2021 5:24pm
Quoting ia1979
{quote} Cheers Billy. I think it depends on your broker/EA as well. For example when I use my EA, 100 points equals 10 pips.
Yes. On a 5 digit quoted broker 1 Point normally equals to 1/10 of a Pip. Same here. I believe "Pips" are unique to Forex while "Points" typical refer to trading a Stock or an Index like for example Tesla, Apple, the Dax, FTSE. To further complicate things the actual monetary value behind a "Pip" or "Point" can vary based on the individual broker's specification for the security traded.

I do often talk about "Points" here too when trading GBP/USD instead of "Pips" even if i mean the same thing (the change in price). I think Billy got me infected with it. Yet another thing we can blame him for . I see him switching language sometimes too between "points" and "pips" while he probably means the same.

More funny i think that you people from the UK speak of "spread betting". Is that to give it a more dangerous/speculative character than just calling it trading?

I had a soccer bet last night, Germany striked again. The quotes were bad but therefor quiet a sure thing. The last few minutes of the match were finger biting but they did the job. I never tried with the horses. I think I went to a horses race once with my ex and lost a 50 Euros but long time ago already. But watching all these strange and important looking people there was fun.
  • #57,285
  • Mar 29, 2021 6:49pm Mar 29, 2021 6:49pm
Quoting Mucky
{quote} Hello MichaelG, regading Counter trades - this depends on your broker and the symbols "Margin hedge" & "Margin percentage" settings. {image} Based on this setting I will get my margin back - negativ P/L remains. Check your broker's settings :-) Mucky

Thanks for that Mucky.
The penny dropped when I read your post. I remember some years ago (before I was interested in hedging) reading something where my broker (Axitrader) was going to increase margin requirements on hedges.

They didn't Muck about Mucky
Cheers
M

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  • #57,286
  • Mar 29, 2021 8:09pm Mar 29, 2021 8:09pm
Quoting birdland
{quote} there are some "alternatives"... if you can show them that "you can provide us with proof of your work experience in the financial sector for at least one year in a professional position that requires knowledge of leveraged trading (or FX or CFDs)." or earn 100.000AUD/year then you can keep your 1:500 leverage account and still regulated by ASIC.
Thanks Mr. B.
I'm retired now, so can't do that, unfortunately.
Thanks anyway.
Cheers
M
  • #57,287
  • Mar 30, 2021 1:59am Mar 30, 2021 1:59am
Quoting MichaelG
{quote} Thanks Mr. B. I'm retired now, so can't do that, unfortunately. Thanks anyway. Cheers M
Michael - ia gave you the clues.

Talk to IG and ask if you are eligible for their Swiss branch. That would solve your issues.

I've been with IG for many years in the UK with few problems. They pay out to bank/card within a few days of request.

Worth a phone call/email.
  • #57,288
  • Mar 30, 2021 2:13am Mar 30, 2021 2:13am
Quoting ia1979
{quote} Cheers Billy. I think it depends on your broker/EA as well. For example when I use my EA, 100 points equals 10 pips.
OHHHHHHHHHHHHHHHHHHHHHHHHHHHHH !!!! lol

or should be,,,, 100 points = yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay lol
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,289
  • Mar 30, 2021 2:14am Mar 30, 2021 2:14am
t 08-13.
ooooooooooooooo lots of viewers.
i am just waiting to trade thye 08-00 break Cable.
i already relieved Dax of a few off the 08-00 open.
Long and then it retraced then long again lol.
Trade well all.
Sunny day again down here. yaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,290
  • Mar 30, 2021 2:31am Mar 30, 2021 2:31am
Quoting billytt
t 08-13. ooooooooooooooo lots of viewers. i am just waiting to trade thye 08-00 break Cable. i already relieved Dax of a few off the 08-00 open. Long and then it retraced then long again lol. Trade well all. Sunny day again down here. yaaaaaaaaaaaaaaaaaaaay
Looks like it is gonna go somewhere
  • #57,291
  • Mar 30, 2021 2:38am Mar 30, 2021 2:38am
Cable, 08-00 break.
High broke for +5%.
i actually got a couple more points off a retrace trade.
Did you notice how the high broke and then bounced down off the 00-00 4 hour low.
I almost didnt trade it lol.
I am finished, going out for a wander through the trees to the coast. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
Trade well all. (i'll still be around).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,292
  • Mar 30, 2021 2:40am Mar 30, 2021 2:40am
at t 08-39, my bias is still short.
My bias was short even though i went long off the 08-00 breal.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,293
  • Mar 30, 2021 2:45am Mar 30, 2021 2:45am
Quoting billytt
Cable, 08-00 break. High broke for +5%. i actually got a couple more points off a retrace trade. Did you notice how the high broke and then bounced down off the 00-00 4 hour low. I almost didnt trade it lol. I am finished, going out for a wander through the trees to the coast. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay Trade well all. (i'll still be around).

Nice one

Barely noticed it, was looking at something else... Would have normally shorted that, but missed it for now.

Enjoy your walk, nice day for it
  • #57,294
  • Edited 3:20am Mar 30, 2021 2:54am | Edited 3:20am
Quoting Wizzlebizzle
{quote} Nice one Barely noticed it, was looking at something else... Would have normally shorted that, but missed it for now. Enjoy your walk, nice day for it
In of the retrace/Z(ish)Line. Small lot, just for fun/experience

Edit: got out for a small loss. Though price never closed above the line, not liking this sideways movement. There will be another chance later
Edit 2: It shot up just after I posted this
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  • #57,295
  • Mar 30, 2021 3:38am Mar 30, 2021 3:38am
Going nowhere fast. Need a break of yesterday's low (55 are) and preferably a break of the 50 for more down. A break of today's high needed for more up. Obvious stuff.

Either way there should be + 40 or so to be had. Just got to wait.

No horses for me today Lem - big day at Kempton tomorrow with Hollie, Adam and even Hayley. Say happy birthday to John Gosden who is 70 today wow !!! lol
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  • #57,296
  • Mar 30, 2021 3:41am Mar 30, 2021 3:41am
Quoting claudia1
Going nowhere fast. Need a break of yesterday's low (55 are) and preferably a break of the 50 for more down. A break of today's high needed for more up. Obvious stuff. Either way there should be + 40 or so to be had. Just got to wait. No horses for me today Lem - big day at Kempton tomorrow with Hollie, Adam and even Hayley. Say happy birthday to John Gosden who is 70 today wow !!! lol {image}
I think your pre and post open Cable range gained a few points again
every Saint has a past. Every Sinner has a Future
  • #57,297
  • Mar 30, 2021 3:45am Mar 30, 2021 3:45am
Quoting claudia1
Going nowhere fast. Need a break of yesterday's low (55 are) and preferably a break of the 50 for more down. A break of today's high needed for more up. Obvious stuff. Either way there should be + 40 or so to be had. Just got to wait. No horses for me today Lem - big day at Kempton tomorrow with Hollie, Adam and even Hayley. Say happy birthday to John Gosden who is 70 today wow !!! lol {image}
Are you referring to the price levels of 55 and 50 (half round numbers) Claudia ?
  • #57,298
  • Mar 30, 2021 3:46am Mar 30, 2021 3:46am
Quoting turnip15
{quote} I think your pre and post open Cable range gained a few points again
Maybe but the range on the NTBB was too large for me. Have a look at FTSE on the NTBB that would have been good. Like you I forget about it - just stuck a yellow post-it thingy on monitor !
  • #57,299
  • Mar 30, 2021 3:48am Mar 30, 2021 3:48am
Quoting Wizzlebizzle
{quote} Are you referring to the price levels of 55 and 50 (half round numbers) Claudia ?
Yep. I see the 55 area as yesterday's low and the 50 as a round number. That all said it's going up. Another wait for NY day for direction for me.

Maybe hit the pivot at 88 then down ?
  • #57,300
  • Mar 30, 2021 3:50am Mar 30, 2021 3:50am
Quoting claudia1
{quote} Yep. I see the 55 area as yesterday's low and the 50 as a round number. That all said it's going up. Another wait for NY day for direction for me.
Ah sorry that makes more sense, I misread your post. You are talking about yesterdays low not todays. One would think I am not exactly sharp today Thank you
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