Billytt Die happy trading e/j daily breakout | Page 2893 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,841
  • Apr 20, 2021 4:39am Apr 20, 2021 4:39am
I totally battered India 50 again.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,842
  • Apr 20, 2021 4:49am Apr 20, 2021 4:49am
Quoting claudia1
{quote} You're getting good at this ! Check out AJ on 00:00 - 02:00 break. Made my day.
will do.
i also took a few off Dax.
i cannot believe India 50 though....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,843
  • Apr 20, 2021 4:50am Apr 20, 2021 4:50am
Quoting claudia1
{quote} You're getting good at this ! Check out AJ on 00:00 - 02:00 break. Made my day.
WOOOOOOOOOOOOOOOOOOOOOW great move north with E/J.
Nice 1
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,844
  • Apr 20, 2021 4:53am Apr 20, 2021 4:53am
Quoting ordosgoitia
Hi,, i have been trading breakout since a year,, but i notice for a long term i dont get consistent results,, can some help me with this? recomend me Tp and STop,,please. i am trading GBPUSD 00-04 breakout,, sometimes i do 8:30 - 10:30
Hi O, this is something you will have to sort yourself.TP and Stops if used.
Welcome too.

Trading also revolves around the traders personality.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,845
  • Apr 20, 2021 4:55am Apr 20, 2021 4:55am
Cable 08-00 break, low broke but i did not trade it.
It got the 5 and more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,846
  • Apr 20, 2021 6:12am Apr 20, 2021 6:12am
Quoting billytt
i used to trade A/U 04-00 to 08-00 4 hour bar. When chasing the daily break, my main bar is the 00-00 to 04-00 bar. all UK Time. Mainly for Cable.
Thanks Billy
  • #57,847
  • Apr 20, 2021 6:15am Apr 20, 2021 6:15am
Quoting MichaelG
Hi Mate. I hope this helps.
Perfect, thanks for the great illustration. So i got it right i think.
  • #57,848
  • Apr 20, 2021 6:29am Apr 20, 2021 6:29am
Quoting billytt
Cable 08-00 break, low broke but i did not trade it. It got the 5 and more.
I did but had some doubts about the small range again. However less risk then? You say its more prone to whip with a small range. Idk.

So i am +5 for today. Including the -13 i am still running from yesterday i am effectively -8 after two days instead of +10. Well more like -10 including swap/com.

To reach the perfect weekly goal (+25) that would be +35 Pips to make until friday close. The min target i have in mind of +5 at least would be to still make +15 which could be still possible to achieve if tomorrow, thursday and friday will be a +5 again without failure.

My plan was to get rid of the counter with todays BillyBar setup. The option was there, the low broke today and thats were i could have exited the floating positive side of yesterdays long trigger and hoped for a run south of -13 at least without touching the opposite high end of todays BillyBar range again. Looking at it after the events, it seems it would have worked.

Because i had no clear rescue plan for the possibility it then would retrace once again against me and hits that high trigger i left it so far.
  • #57,849
  • Edited 10:32am Apr 20, 2021 10:15am | Edited 10:32am
Quoting claudia1
{quote} You're getting good at this ! Check out AJ on 00:00 - 02:00 break. Made my day.
Indeed it was good today. Although yesterday was a fail. I'm still in the negative overall as I have had more fails than wins on this so far.

How are all the other breaks going Claudia?
  • #57,850
  • Edited 2:37am Apr 21, 2021 2:07am | Edited 2:37am
NTBB already paid.

Waiting...

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BillyBar, Range. 18,2

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08:20 | Low broke. I am short.

08:32 | Feels like hours...

08:36 | Almost left it.

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  • #57,851
  • Apr 21, 2021 2:23am Apr 21, 2021 2:23am
Quoting ia1979
{quote} Indeed it was good today. Although yesterday was a fail. I'm still in the negative overall as I have had more fails than wins on this so far. How are all the other breaks going Claudia?
FTSE stands out so far. Will add some more next week - probably EJ and AU.
  • #57,852
  • Edited 3:04am Apr 21, 2021 2:46am | Edited 3:04am
BillyBar +5. I am done. I almost left it as it felt a bit slow moving / struggling with breaking there. Looking to the left it was clear price had problems a few times in the recent past, but a line is a line right?

@Billy do you get out for any reasons like a "bad feeling" the trade is about to shift against and accept a +1 or -5 instead of letting it hit the counter, in this case -18 Pips. Or are you always that confident you will get out of the countered position positive again?

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Edit, 08:55. Thats what i mean ...

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Edit, 09:04

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  • #57,853
  • Apr 21, 2021 3:27am Apr 21, 2021 3:27am
08:25

That was finger biting again... Today i had the BillyBar trade copied over 2 more live accounts for the first time. It luckily did the +5 on the low break but look at it now...

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I would have been in 3 counters by now otherwise again. Still no real help here, so probably will stop countering as it gets a total mess until someone is able to tell me how to come out of these counters. And this is "just" at 3 lots. I have no freaking idea how you guys deal with it doing it at 10, 20,50 lots or what ever.

Anyways trade safe all.
  • #57,854
  • Apr 21, 2021 4:11am Apr 21, 2021 4:11am
hi all.
Cable 08-00 break. low broke for +5%.
I took a few off dax and a few more off India 50.
India 50 known as the Nifty Fifty , the 00-00 4 hour range broke for a few and then retraced back up THEN dropped so i entered again.
Still not sure about trading this but it is awesome.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,855
  • Apr 21, 2021 4:14am Apr 21, 2021 4:14am
If i have a fail, i fix. Normally by the counter or at least hold it in limbo.
I might go and chase the daily range, this too can result in a counter.
I keep all trades separate, so in theory it looks like several people all trading slightly differently.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,856
  • Apr 21, 2021 5:22am Apr 21, 2021 5:22am
Quoting billytt
If i have a fail, i fix. Normally by the counter or at least hold it in limbo. I might go and chase the daily range, this too can result in a counter. I keep all trades separate, so in theory it looks like several people all trading slightly differently.
New friend from yesterday 'Membership Revoked'.
  • #57,857
  • Apr 21, 2021 6:04am Apr 21, 2021 6:04am
Quoting claudia1
{quote} New friend from yesterday 'Membership Revoked'.
yaaaaaaaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,858
  • Apr 21, 2021 6:25am Apr 21, 2021 6:25am
Quoting billytt
If i have a fail, i fix. Normally by the counter or at least hold it in limbo. I might go and chase the daily range, this too can result in a counter. I keep all trades separate, so in theory it looks like several people all trading slightly differently.
Don't you have to decide what of the 3 different steps you describe to do before the event? I mean, what is your criteria/reason for either increasing size on the counter, adding another position of same size to hunt part of the daily range, or hold in limbo until x and do nothing..

You get a range, you place 2 pending orders. Buy stop at the high, sell stop at the low (same size). At the latest moment one order got filled you have to decide rather you will increase on a possible counter (if it retraced there), adding an additional trade of same size to the counter, or well just keep it in limbo and do nothing else for the day.
  • #57,859
  • Apr 21, 2021 8:16am Apr 21, 2021 8:16am
Finally GBP/USD is moving a bit. It almost hurt to watch ...
  • #57,860
  • Apr 21, 2021 11:34am Apr 21, 2021 11:34am
Quoting lddd
{quote} Don't you have to decide what of the 3 different steps you describe to do before the event? I mean, what is your criteria/reason for either increasing size on the counter, adding another position of same size to hunt part of the daily range, or hold in limbo until x and do nothing.. You get a range, you place 2 pending orders. Buy stop at the high, sell stop at the low (same size). At the latest moment one order got filled you have to decide rather you will increase on a possible counter (if it retraced there), adding an additional trade...
I have decided what to do before i place my trade.
Place trade and if it wins good.
If trade fails,i move onto the next part .

Just lately Cable has been underperforming and have you noticed how i am trading dax,Nifty 50 and some e/u.
I look for better odds.
i am a trader.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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