Billytt Die happy trading e/j daily breakout | Page 2899 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,961
  • Apr 26, 2021 2:30am Apr 26, 2021 2:30am
Cable, my bias is Long, it will be long until the 00-00 4 hour range low breaks.

I didnt trade the 08-00 high break.
I did short the 08-00 low break for +5% and yes, this was going against my long bias.
2 different trades if i had 2 running.
i now have a long on Dax ..
t 10-29
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,962
  • Apr 26, 2021 2:32am Apr 26, 2021 2:32am
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
i am not going to watch it, as i never ever watch any of these .
BUT , forgetting the past 3 months, it is quite possibe to do this over and over with compounding.
#Like i have posted, many years ago it was rather very easy to do. (ok not that easy ) but very do able
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,963
  • Apr 26, 2021 2:34am Apr 26, 2021 2:34am
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
All I hear is the word ''percent'' and over again, lol. Take a breath, my man, take a breath.

Old as the hills. Plus he has to throw in his knowledge of The Monte-Carlo simulation to add weight. No surprise, as this is an old gambling staking system. Claudia will no doubt have heard of it.

Caveat emptor.
  • #57,964
  • Apr 26, 2021 2:41am Apr 26, 2021 2:41am
Quoting Wizzlebizzle
{quote} Hi, hope I wasn't too harsh on my last post. Here is another simple way I use to get some pips (originally not my own, but adjusted it to suite my style). Momentum and volatility are your friend here. 1. Establish a zone of interest. I'm using the 0-4 range here as an example, but any zone of interest can be used. 2a. Have one candle open inside the zone and close outside the zone in one direction. Then have a candle open outside the zone and then close inside the zone (opposite direction). At least one of these two candle bodies must be...

good post bud, good ideas.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,965
  • Apr 26, 2021 2:45am Apr 26, 2021 2:45am
Quoting lemercenaire
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.
I'm not so good at spotting these normally, but this one does look pretty solid. Thanks Lem.
  • #57,966
  • Apr 26, 2021 2:46am Apr 26, 2021 2:46am
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.
What i used to do and didnt speak about it.

compound 3 times , and trade off better trigger and with good odds ... ie, not the usual break,
If the first won and second lost, carry on with the 3rd trade as if the 2nd had won. or even if the 3 rd lost .
i only had do happen once.
BUT , you can do this as a opportunist trade.
ie, you happen to view charts and you see the 1st and 2nd win then a loss , or a 1st win and 2nd fail, hit the 3rd.
You have the odds.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,967
  • Apr 26, 2021 3:28am Apr 26, 2021 3:28am
Quoting billytt
{quote} What i used to do and didnt speak about it. compound 3 times , and trade off better trigger and with good odds ... ie, not the usual break, If the first won and second lost, carry on with the 3rd trade as if the 2nd had won. or even if the 3 rd lost . i only had do happen once. BUT , you can do this as a opportunist trade. ie, you happen to view charts and you see the 1st and 2nd win then a loss , or a 1st win and 2nd fail, hit the 3rd. You have the odds.
Forgot about your idea of continuing as if it had won. I shall have a look at that again, it makes sense at first glance. Thanks for pointing that out
  • #57,968
  • Apr 26, 2021 3:51am Apr 26, 2021 3:51am
Quoting lemercenaire
{quote} All I hear is the word ''percent'' and over again, lol. Take a breath, my man, take a breath. Old as the hills. Plus he has to throw in his knowledge of The Monte-Carlo simulation to add weight. No surprise, as this is an old gambling staking system. Claudia...
Used in gambling “pressing your bets”
  • #57,969
  • Apr 26, 2021 9:35am Apr 26, 2021 9:35am
Talk about 'X' Marks The Spot...

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Spike Hunt +2.3 +2.3

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  • #57,970
  • Apr 26, 2021 10:18am Apr 26, 2021 10:18am
The squeeze from last week is still going on...pressure...pressure...

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  • #57,971
  • Apr 26, 2021 11:54pm Apr 26, 2021 11:54pm
Hi all.
i took some off Nifty Fifty, break of 00-00 4 hour range high.
It actually broke then dropped a few , as with Dax i am not sure how to play it, lol.
Do i use a stop or counter???? due to the nature of the Nifty 50 i put a counter on then nailed it when it went back.
it moves well, just the massive margin can squeeze people out..
Trade well all.
t 07-54
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,972
  • Apr 27, 2021 12:35am Apr 27, 2021 12:35am
i actually watched the Not the Billy Bar, high broke and ooomp, (no trade).
I wasnt going to trade the 08-00 break but when it dropped bigtime, i just had to get in for the customary +5%.
Also took a few cheeky points off Dax long, no set plan just lucky i guess yaaaaaaaaaaaay.
i am finished. (I think)
trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,973
  • Apr 27, 2021 12:59am Apr 27, 2021 12:59am
What I was talking about a couple of days ago.
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  • #57,974
  • Apr 27, 2021 1:56am Apr 27, 2021 1:56am
Quoting Wizzlebizzle
What I was talking about a couple of days ago. {image} {image}
Classic Mighty One.. you're nailing it.
  • #57,975
  • Apr 27, 2021 2:08am Apr 27, 2021 2:08am
Quoting lemercenaire
{quote} Classic Mighty One.. you're nailing it.
Thank you.

Are you talking about the zone or the trade entry?

What I'm still finetuning is profit taking.

In this case I did not have a clear upper target until way higher. Got out as the opposite pinbars on 5m were formed. In this case it was a good call, but it isn't always.

Any pointers are appreciated.
  • #57,976
  • Apr 27, 2021 3:55am Apr 27, 2021 3:55am
Quoting Wizzlebizzle
{quote} Thank you. Are you talking about the zone or the trade entry? What I'm still finetuning is profit taking. In this case I did not have a clear upper target until way higher. Got out as the opposite pinbars on 5m were formed. In this case it was a good call, but it isn't always. Any pointers are appreciated.
Hi W, just be careful with it.
The 00-00 4 hour high/low lines are important.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,977
  • Apr 27, 2021 3:56am Apr 27, 2021 3:56am
Quoting billytt
i actually watched the Not the Billy Bar, high broke and ooomp, (no trade). I wasnt going to trade the 08-00 break but when it dropped bigtime, i just had to get in for the customary +5%. Also took a few cheeky points off Dax long, no set plan just lucky i guess yaaaaaaaaaaaay. i am finished. (I think) trade well all.



i lied, lol. i saw dax drop down a lot so put a long on.
i rest my case, m'lord.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,978
  • Apr 27, 2021 5:16am Apr 27, 2021 5:16am
Quoting billytt
{quote} Hi W, just be careful with it. The 00-00 4 hour high/low lines are important.
Roger : )
  • #57,979
  • Apr 27, 2021 6:56am Apr 27, 2021 6:56am
we have now a typical 50% correction plus 3 waves correction. it should go up...
trading is like dancing, don't think and just listen to the music!
  • #57,980
  • Apr 27, 2021 7:13am Apr 27, 2021 7:13am
Quoting Wizzlebizzle
{quote} Thank you. Are you talking about the zone or the trade entry? What I'm still finetuning is profit taking. In this case I did not have a clear upper target until way higher. Got out as the opposite pinbars on 5m were formed. In this case it was a good call, but it isn't always. Any pointers are appreciated.
Having a core base to your trade via the signs on the higher timeframes. This is the core to MO's teachings. From there, price is the same on any timeframe obviously and so the fine detail can be dealt with lower down without getting yourself into a muddle over stop placements/targets, etc.

Basically, he would always build down from the higher to the lower.
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