Billytt Die happy trading e/j daily breakout | Page 2898 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,941
  • Apr 25, 2021 4:09pm Apr 25, 2021 4:09pm
Quoting TooSlow
{quote} Anyone here trading with FTMO?
Not quite there yet TS. Passed my first 100k challenge. Doing the verification on that account now. And also running a second 100k challenge using range break methods.
  • #57,942
  • Apr 25, 2021 8:24pm Apr 25, 2021 8:24pm
Someone showed me this video and I thought of this thread. I wanted to share it with everyone. I feel like Billy's strategy would benefit from this. I know Billy does/has done something similar to this (and bought a couple of houses). Not a long video, worth at least taking a peek.

Inserted Video
  • #57,943
  • Edited Apr 26, 2021 12:07am Apr 25, 2021 11:57pm | Edited Apr 26, 2021 12:07am
Quoting lddd
{quote} Thanks i will try to keep an eye open for it. Problem with the 00-04 seems to be for me that i might miss out these entries as i won't be available at my trading screen before 07:45 GMT. Normally when trading the BillyBar i then see the 00-04 range already broken at the time and moved on. See. Red vertical lines marked 09:45 (chart time) 07:45 (UK Time), 08:45 (my time) where i start my day, first time of the day i open/look at the chart. White filled boxes = 00-04 range (UK time) 02-06 (chart/broker time) You can also see my two last trades...
Have a look what would happen if you go for a higher TP of say 20 or 30 (and also take a fixed loss of say -10).

Again, just using 0-4 as an example. There are many other ways to draw zones. The way I described you can trade it more than once.
  • #57,944
  • Apr 26, 2021 12:00am Apr 26, 2021 12:00am
Quoting bojack34
Someone showed me this video and I thought of this thread. I wanted to share it with everyone. I feel like Billy's strategy would benefit from this. I know Billy does/has done something similar to this (and bought a couple of houses). Not a long video, worth at least taking a peek. https://www.youtube.com/watch?v=n7CqZOXNpG4
Awesome video Bo. That is exactly what I'm talking about. Even more magic happens if u go for three wins in a row.
  • #57,945
  • Apr 26, 2021 12:22am Apr 26, 2021 12:22am
BillyBar, orders placed. NTBB already paid off

Time 08:21

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  • #57,946
  • Apr 26, 2021 12:30am Apr 26, 2021 12:30am
Would you chase for the daily range with the BillyBar if the ADR is at 68/74% already in case of fixing for a fail and making up for necessary missing points of 25-30?
  • #57,947
  • Edited 12:48am Apr 26, 2021 12:37am | Edited 12:48am
Time 08:35. Nothing happened yet. The actual high touched but my order had a buffer of 0.3 or so. Price retraced back some and now stalls at MR2, this could be a point to add another long as a retrace entry?

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Edit, 08:46. Added a additional buy limit as a potential retrace entry for half the size @1.39140. Lets see. Would be targeting the high then or SL or countering it too at the low. Doesn't looks like its getting filled at the moment.

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  • #57,948
  • Apr 26, 2021 12:43am Apr 26, 2021 12:43am
Quoting Wizzlebizzle
{quote} Awesome video Bo. That is exactly what I'm talking about. Even more magic happens if u go for three wins in a row.
Hehe. I just always wonder why all these YouTubers compounding and using risk/reward are still sitting in their base childrens rooms and making videos instead of enjoying the big money.

Is this what people call "Anti Martin Gale" so instead of increasing after your losses you increase trade size after a win?
  • #57,949
  • Apr 26, 2021 12:53am Apr 26, 2021 12:53am
Quoting bojack34
Someone showed me this video and I thought of this thread. I wanted to share it with everyone. I feel like Billy's strategy would benefit from this. I know Billy does/has done something similar to this (and bought a couple of houses). Not a long video, worth at least taking a peek. https://www.youtube.com/watch?v=n7CqZOXNpG4
This is good especially chasing a trend/daily range, stacking say 3x 10 pip simultaneous trades. An ea trademanager to do this would be very useful.
  • #57,950
  • Apr 26, 2021 12:56am Apr 26, 2021 12:56am
Quoting lddd
{quote} Hehe. I just always wonder why all these YouTubers compounding and using risk/reward are still sitting in their base childrens rooms and making videos instead of enjoying the big money. Is this what people call "Anti Martin Gale" so instead of increasing after your losses you increase trade size after a win?
I agree about the youtube gurus. However this method is as old as the traders who used it in Babylon, open your mind.
  • #57,951
  • Apr 26, 2021 1:41am Apr 26, 2021 1:41am
Quoting Fagin
{quote} I agree about the youtube gurus. However this method is as old as the traders who used it in Babylon, open your mind.
Who are you callin' old!?
  • #57,952
  • Apr 26, 2021 1:50am Apr 26, 2021 1:50am
Quoting lemercenaire
{quote} Who are you callin' old!?
I didn't mention Billy did I?!
  • #57,953
  • Apr 26, 2021 1:51am Apr 26, 2021 1:51am
Hi all. i hope everyone has had a good weekend.

Cable 08-00 break, High broke and failed. I did not trade it. but i am short right now. 09-5-.
i have battered Nifty Fifty again shoert and long. plus took some off dax AND U/J lol. (dont ask).
Trade well all. t 09-51
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,954
  • Apr 26, 2021 1:51am Apr 26, 2021 1:51am
USTec smooth and easy running this morning. Stack, stack, stack lol...

Nice start to the week, especially as I don't usually trade Monday am any more.

Hope everyone else is doing ok.
  • #57,955
  • Apr 26, 2021 1:52am Apr 26, 2021 1:52am
Quoting Fagin
{quote} I didn't mention Billy did I?!
1st warning, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,956
  • Apr 26, 2021 1:52am Apr 26, 2021 1:52am
If you cannot trade , you make videos ......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,957
  • Apr 26, 2021 1:57am Apr 26, 2021 1:57am
A buffer of 0,5 Pips saved me today from having counter for -26 or taking the loss. The actual high touched. So consider that as a fail for today.

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+5 on the low break instead. I am done.
  • #57,958
  • Apr 26, 2021 2:16am Apr 26, 2021 2:16am
Cable 08-00 break.
The high broke and failed but we did have a couple of opportunities to place retrace trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,959
  • Apr 26, 2021 2:21am Apr 26, 2021 2:21am
There is a rock-solid Z-Line siting in wait to the North on the DAX for this week. Check it out on the 30-min chart for clarity. Perched at around 15343 - 15351.

Both significant lines in the immediate area have been played on already this morning, so if price hangs around, good scalping - hammering!!! - ground for those so inclined playing between them.

Farther up, 15419 - 15436 is the rock-solid cap up top, with 15256 and the chunky-monkey 15189 - 15178 are the main players lower down.
  • #57,960
  • Apr 26, 2021 2:25am Apr 26, 2021 2:25am
Quoting billytt
Cable 08-00 break. The high broke and failed but we did have a couple of opportunities to place retrace trades.
My retrace trade would have failed big, luckily removed it before it had a chance to trigger.

The low break also wasn't good for much so what would have happened if taking this as a chance to make more points than the +5 (chasing the daily range) ??.

It retraced sharply again. I would say if it's now touching the high again based on statistics (3rd opposite break) this will be good for 10-20 Pips at least, but not sure how this would have helped after the fact you would be sitting at a counter of lets say one high fail -26, one retrace failed for about -10, one low worked +5.

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