Billytt Die happy trading e/j daily breakout

t 08-59
Cablerange so far is 44, lots left, it looks like 00-00 4 hr high is going to break,therefor my bias will then be long.

Thanks Billy

Perfect Z-Line and I'd be waiting on it to go short.

If it does close back over the top, then it's obvious where it's going.

Got ya, that makes sense. Was going through my notes last night and read something similar.

Perfect, thank you.

Never mind that have a look at Chelmsford. Hayley has a couple of rides and after yesterday's performance worth an e/w again.

Hehe, yes I look at it the same Claudia. 10-15 Pips is my preferred size of a range for these type of breakout trades. Unfortunately quiet often the range is more like 15-20 or 20+. (at least with the BillyBar). Maybe i should find some kind of pre-routine here to select which one to trade depending on the size of the range.

I like to add a little buffer of 1 Pip for my actual pending orders too. Lately didn't do so anymore because because of trying to hold the trade in limbo like Billy is doing (so countering it at the exact opposite end of the high/low) but like said many times without any real plan how to then come out of that by the end of a day, it feels too much of a struggle for me to be honest. Not because i have a problem with doing so or lack of a bankroll but simply because there is no real plan behind it for me and it then feels like no better than going to the casino. I already ended up a few times now with a trade hold over night/weekend were spread widened for 10-20 Pips. Luckily so far i always were able to recover/fix from these.

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Look, my little noob calculation i had in mind yesterday was something like this.

If i have a 20 days trading cycle/month. Making 5 Pips every day on the BillyBar would equal to 20 x 5 = 100 Pips.

Forget about Pips for commissions i pay on each trade.

I do not talk of 5% a trade or 100% because this sounds a bit megalomaniac to me reaching (no offense @Billytt).

Winning at a 100% rate and having fixed all my counters by the end of a mont, this would mean around a $10k. net profit more or less traded at $100/Pip every single setup. So still not on the Forbes List but yes, this would probably cover my costs/expenses and could provide a life after tax. No champagne, lambo life but probably enough not having to live on the streets.

Winning only 50% of them or leaving out half of the month setups would come down to 5k (50 Pips) traded at $100/Pip each. Still not bad but also assumes the factor i have then cleared all my counters for at least break even or not lost the other half of the trades for a total of more than 50 Pips. Sometimes 1-day range is already 30 Pips on the BillyBar, so thats why taking the SL and doing the counter instead sounds like a good idea (again, IF you know how to come out of it).

So there i am. I am profitable over the last 11 months now but however still a bit away from me able to paying the bills from it but i keep working on it. IF you have a dream and so on...

My 5% on big trade = £700.
My 5 points on smaller play trade =£50, big difference.
It is better to work in percentage than points/pips.

And the dax had a good run up before doing the usual ranging as per this week ( holidays coming up)

Forgot chart.

GBP/USD it`s hard to find any candle with no wicks on both sides. I just got stopped out on another trade i took here. Has been a quiet ugly play for the last two days, i am -50 by now. Week ending, holidays coming.

Yes. I would do so, but without knowing how to fix i have to consider a range of 20 pips i enter to go against me at any time. Then i would hava a position opened at -20% unless you have found a way to change position size on a running trade that started to move against you (hey that would be a great invention). So price obviously moves in both directions.

Not looking at it negative. Just trying to be realistic.

So let's say you trade a £50.000 account this means you are then at drawdown of -£10.000 with ONE SINGLE trade/position trading at 1%/Pip. So you have 40k left to fix that, there is not much room for failure then for what ever next steps you then do unless you maybe have a rich wife or so then refunding your account for you if it goes zero heh. I for my self don´t have this luxury. I am also not a millionaire doing this as a hobby or so while having tons of money in the back supporting me to keep playing if i played wrong.

So these are real worries to me how to do this for a living by looking for +5 Pips no matter at what percentage one pip is. As long as it works hell why not risk a 5% of a 10 Millions account, right?

If you can have a track record of doing that for a couple of years it shouldn´t be a problem to find some bored billionaire giving you the money if you say his returns will be 5% a day. Ok you want to make a cut too, so maybe its only 2% for him then, still good.

IDDD, bro; no offence, but you are serioiusly clogging up this thread.

Got there but had to fight.

Horrible today - like wading through treacle...

Off to see horses.

+11 off the 14:30 mark NAS. You gotta' love Spike-Hunts. It moved too quickly for me to grab any screen shots though, sorry.

NTBB this week +26 pips (4 days, 11 trades, +5/-6).

yesterdays trading was difficult, but a positive week;-)


have all a nice ea(s)ter weekend!

The party to the north on GU seems to have finally started for today after i got stopped out 2 times in the earlier hours.

Not sure what to do, sitting, waiting. Going short ALL-IN? ! I think i will take a walk and enjoy the sun, good weather here today.

3:10 Uttox, Claudia. v the fav with value, Animal 11.0 / 2.88 Certainly tradeable, so should be able to get a return of some sort, no matter how you play it.

Just as well, lol.