Billytt Die happy trading e/j daily breakout | Page 2887 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,721
  • Apr 13, 2021 7:07am Apr 13, 2021 7:07am
Quoting turnip15
{quote} FTSE -0745 bar may have tripped you into a fake out short but a break North should have recouped or mitigated any loss?
The bar from 7:45am to 8am broke North, I took my 5, but then it looks like it whipsawed a bit after that, breaking both the top and bottom a few times.
  • #57,722
  • Apr 13, 2021 7:46am Apr 13, 2021 7:46am
Quoting ia1979
{quote} Might bounce off the daily open and go back up. Got the EA set up for Gold this afternoon. Break of the 1pm-1:15pm range, a hybrid of Billy, Claudia, and JP's method. Targeting 50 pips (500 points).
EA took the trade, but I closed it manually at breakeven after price recovered from that quick spike down. News was good from the US so thought I'd get out since good news for the dollar should push Gold down. Wish I had held on to the trade as it made the 50 pips and then some
  • #57,723
  • Apr 13, 2021 10:42am Apr 13, 2021 10:42am
NAS100 looks like the only worthwhile playground today - really nice move mid arvo. That'll do...
  • #57,724
  • Apr 14, 2021 2:28am Apr 14, 2021 2:28am
Morning you sexy people.

BillyBar, orders placed. Nothing happened yet.

NTBB would have been a fail it seems.

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  • #57,725
  • Apr 14, 2021 2:49am Apr 14, 2021 2:49am
BillyBar, time 08:41

The low broke but because of my little buffer my order wasn't filled yet.

Question @Billy.

I guess you now could think about adding a second position as a "retrace" short entry, anywhere between the high and the low while price is retracing?

Would you even trade the setup here like in my way where the range is just 10 Pips or placing orders then anywhere else than such high/low?

edit, 08:45. I am short, order got triggered.

edit, 08:54. I am done. Got the +5.

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  • #57,726
  • Apr 14, 2021 3:13am Apr 14, 2021 3:13am
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edit: The short was smaller size as I would class it as risky/lower probability
  • #57,727
  • Apr 14, 2021 3:39am Apr 14, 2021 3:39am
Quoting Wizzlebizzle
{image} edit: The short was smaller size as I would class it as risky/lower probability
Good job. Would not have been able to spot these zlines in real time on GU M5. I am still reading about them but really find it hard to grasp. Everything way too vague. I will stick to the breakout triggers so far, they are at least clear in definition of time and where to enter the trade without me having to sit in front of the chart and trying to predict these lines. Maybe best to start at a higher time frame here than M5, i don't know.

What Claudia says, better not being all over the place. BillyBar is enough for me if i can master this somehow.
  • #57,728
  • Apr 14, 2021 4:01am Apr 14, 2021 4:01am
Quoting lddd
{quote} Good job. Would not have been able to spot these zlines in real time on GU M5. I am still reading about them but really find it hard to grasp. Everything way too vague. I will stick to the breakout triggers so far, they are at least clear in definition of time and where to enter the trade without me having to sit in front of the chart and trying to predict these lines. Maybe best to start at a higher time frame here than M5, i don't know. What Claudia says, better not being all over the place. BillyBar is enough for me if i can master this...
It wasn't the clearest and best of Zlines in my opinion. You could see the momentum a bit more clear on the H1.
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  • #57,729
  • Apr 14, 2021 6:44am Apr 14, 2021 6:44am
No trading today: Went into town and queued for a haircut. Then lunch and visitors to cater for.In the early evening I go into the medical centre for my second vaccination jab.
Looked at charts and decided that I didn't miss anything on the Dax.
I'd better go - the puppy is running off with one of my slippers !
every Saint has a past. Every Sinner has a Future
  • #57,730
  • Apr 14, 2021 7:13am Apr 14, 2021 7:13am
its about using stops;-) (30sec.)
Inserted Video
trading is like dancing, don't think and just listen to the music!
  • #57,731
  • Apr 14, 2021 7:44am Apr 14, 2021 7:44am
AJ and the range break EA did their job this morning. There was little 1 pip fake out South, narrowly avoided due to my 2 pip buffer. Then the break North brought the points home. 2.2% added to the account. Anyone else trading this aside from Claudia and Michael?
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  • #57,732
  • Apr 14, 2021 8:06am Apr 14, 2021 8:06am
Quoting ia1979
AJ and the range break EA did their job this morning. There was little 1 pip fake out South, narrowly avoided due to my 2 pip buffer. Then the break North brought the points home. 2.2% added to the account. Anyone else trading this aside from Claudia and Michael? {image}
This is why the buffer is important today was a classic example.

Cable and 3750 are becoming boring but predictable.
  • #57,733
  • Apr 14, 2021 9:17am Apr 14, 2021 9:17am
Quoting claudia1
{quote} This is why the buffer is important today was a classic example. Cable and 3750 are becoming boring but predictable.
The BillyBar is also sometimes only good to "break" the range for 1-2 Pips before then retracing all the way back to hit the opposite end.

Billy says he doesnīt use a buffer because of his trade size. I donīt quiet understand the logic here, but hey ho. I would prefer a potential trade at 1% a Pip NOT getting filled in the first place IF such little buffer could have avoided it.

To be honest i havenīt found a strict way of doing it for my self. Sometimes i like to add a buffer or 1-2 Pips, sometimes i do not.

I did read somewhere earlier in this topic that his stats for the BillyBar are based on a +10 instead +5. That should still give enough room for having a buffer of 2 or 1 Pip/s at least without decreasing the likelihood of getting the net +5 Pips after trading fees. Well, maybe not if you have a spread of 2-3 Pips.
  • #57,734
  • Apr 14, 2021 10:15am Apr 14, 2021 10:15am
I am thinking of copying my trades over a set of different sized accounts possibly even distributed over several brokers.

Does anyone here has experience with it?

I am using MT4 for charting and executing my trades and stumbled across that tool.

"FX Blue Personal Trade Copier for MT4"

To me it looks quiet okay, having a lot of features built in. Not sure if there is anything better perhaps, it should be stable for sure not messing up things with larger sized orders
  • #57,735
  • Apr 14, 2021 10:16am Apr 14, 2021 10:16am
Quoting ia1979
AJ and the range break EA did their job this morning. There was little 1 pip fake out South, narrowly avoided due to my 2 pip buffer. Then the break North brought the points home. 2.2% added to the account. Anyone else trading this aside from Claudia and Michael? {image}
no, just trading GU exclusively;-)
trading is like dancing, don't think and just listen to the music!
  • #57,736
  • Apr 14, 2021 2:10pm Apr 14, 2021 2:10pm
Quoting lddd
I am using MT4 for charting and executing my trades and stumbled across that tool. "FX Blue Personal Trade Copier for MT4"
The copier seems to work fine so far. Currently testing it between three accounts. Only having two more instances of MT4 now running is already slowing down the machine a bit. Will have to get a hardware upgrade.
  • #57,737
  • Apr 14, 2021 3:14pm Apr 14, 2021 3:14pm
Quoting lddd
{quote} The copier seems to work fine so far. Currently testing it between three accounts. Only having two more instances of MT4 now running is already slowing down the machine a bit. Will have to get a hardware upgrade.
Would a VPS not work?
  • #57,738
  • Apr 14, 2021 3:41pm Apr 14, 2021 3:41pm
Quoting ia1979
{quote} Would a VPS not work?
Yes i am already using a dedicated server, however i have some other applications running on it, probably slowing it down. I think i need to get an additional VPS dedicated for trading only providing enough RAM/CPU for running multiple MT4 instances. Will look at it on the weekend.

thanks for your comment.
  • #57,739
  • Apr 14, 2021 4:17pm Apr 14, 2021 4:17pm
Probably best not to trade AJ tonight. It has had a massive range today which means tomorrow it could just end up whipsawing.
  • #57,740
  • Apr 15, 2021 12:13am Apr 15, 2021 12:13am
morning,

as long as we stay above 1.3767 we could rather see an upday. next level is 1.3820
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trading is like dancing, don't think and just listen to the music!
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