Billytt Die happy trading e/j daily breakout | Page 2900 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #57,981
  • Apr 27, 2021 9:15am Apr 27, 2021 9:15am
Tom, I see you are here today - I have some info for you and will bug it over to you later on tonight.
  • #57,982
  • Apr 27, 2021 9:16am Apr 27, 2021 9:16am
Page 2900, Billy!
  • #57,983
  • Apr 27, 2021 9:22am Apr 27, 2021 9:22am
Thanks Lem - Traded DZ today with some success. Not able to stay in front of computer as much as used to so not as successful.
  • #57,984
  • Apr 27, 2021 9:33am Apr 27, 2021 9:33am
Quoting Wizzlebizzle
{quote} Roger : )
I was just saying Whiz. you are trading/learning well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,985
  • Apr 27, 2021 9:34am Apr 27, 2021 9:34am
Quoting lemercenaire
Page 2900, Billy!
yep, and almost 58000 posts. yaaaaaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,986
  • Apr 27, 2021 9:34am Apr 27, 2021 9:34am
Quoting tomthepoppop
Thanks Lem - Traded DZ today with some success. Not able to stay in front of computer as much as used to so not as successful.
Hi Tom, hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,987
  • Apr 27, 2021 10:24am Apr 27, 2021 10:24am
Quoting billytt
{quote} Hi Tom, hope you are well.
Hi Billy things are going - trading - studying - winning - losing, losing. Need to concentrate more.
  • #57,988
  • Apr 27, 2021 10:43am Apr 27, 2021 10:43am
Quoting tomthepoppop
{quote} Hi Billy things are going - trading - studying - winning - losing, losing. Need to concentrate more.

Losing?? i have done a bit of that in the past, i say bit?. i mean lots lol, then i got it right.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,989
  • Apr 27, 2021 11:12am Apr 27, 2021 11:12am
Quoting billytt
{quote} I was just saying Whiz. you are trading/learning well.
Roger

Jokes aside, it was a sincere roger. And thanks again. You guys/girls are an inspiring bunch
  • #57,990
  • Apr 27, 2021 12:15pm Apr 27, 2021 12:15pm
Quoting tomthepoppop
Thanks Lem - Traded DZ today with some success. Not able to stay in front of computer as much as used to so not as successful.
UC on DZ was a bit cramped today on a weak-long-bias but you could have had the bag off it.
  • #57,991
  • Apr 27, 2021 1:53pm Apr 27, 2021 1:53pm
Quoting birdland
{quote} i can only agree, i even dont read his posts anymore. when i try a new strategy i trade them with 0.05 or 0.10 lots, till i am in profit with it. he is just stupid or stubbern or both.
That is good. I am overall in profit too. It does not matter what trade size. I do my best not risking more than a few % of my account's capital on a single trade. And If that is $30 for me or $0,30 for you or $3000 for someone else. What does it matter?

You could have tested a strategy for 100 years only risking a little then increased and suddenly lost, what then...?

No reason to get personal.

To @TheForexDen.

I do have a trading plan that includes risk management as well as describing my my entry/exit criteria in the most objective way i could found, thanks to Billy. I decided to trade the BillyBar method and buying the high and selling the low of a range for +5, then placing a counter order or taking the loss instantly if prices reaches to the opposite end of the range instead.

I admit that my plan i still missing important parts to get me where i would like to be. Never claimed anything else, thanks for the critics. Do you have a solution too?

Hope you had a good day all, will leave now.
  • #57,992
  • Apr 27, 2021 9:57pm Apr 27, 2021 9:57pm
Quoting billytt
{quote} I was just saying Whiz. you are trading/learning well.
Hi Billy. I hace a question. When you Mark the high AND low of 00-04.
You entre trades at asia. Or you enter after 8 am London Time?

I was making some backtest ir you trade at Asia and had a Lot of Fake breaks.
I saw better results ir you Start after 10.30 am looking for trades taking the asia high AND low
  • #57,993
  • Apr 28, 2021 1:47am Apr 28, 2021 1:47am
Quoting Wizzlebizzle
{quote} Roger Jokes aside, it was a sincere roger. And thanks again. You guys/girls are an inspiring bunch
no problem bud, i know you are sincere . yaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,994
  • Apr 28, 2021 1:51am Apr 28, 2021 1:51am
Quoting ordosgoitia
{quote} Hi Billy. I hace a question. When you Mark the high AND low of 00-04. You entre trades at asia. Or you enter after 8 am London Time? I was making some backtest ir you trade at Asia and had a Lot of Fake breaks. I saw better results ir you Start after 10.30 am looking for trades taking the asia high AND low
Hi O, no such thing as i fake, i have made a lot of money with these so called fakes.
A fake is movement? A fake gives us enough points .

My 00-00 to 04-00 high/low lines are obviously put on during the asian session. and they are almost always triggered on the Asian session.
Asian session is good for many methods.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,995
  • Apr 28, 2021 1:54am Apr 28, 2021 1:54am
Hi all.
Nifty 50 brought joy again off the 00-00 4 hour bar range. In fact we have several bars we can trade off, you just need to be awake. lol.

I am currently short Cable and i also took a few off Dax.
Trade well all.
t 07-54
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,996
  • Edited 2:47am Apr 28, 2021 2:36am | Edited 2:47am
BillyBar low broke and up it goes. Probably going to counter / lock it.

Attached Image (click to enlarge)
Click to Enlarge Name: Z6vMFLU.jpg Size: 80 KB


08:45. Failed (locked-in).

Attached Image (click to enlarge)
Click to Enlarge Name: 6AiAewp.jpg Size: 79 KB
  • #57,997
  • Apr 28, 2021 3:29am Apr 28, 2021 3:29am
Quoting lddd
BillyBar low broke and up it goes. Probably going to counter / lock it. {image} 08:45. Failed (locked-in). {image}
How to unlock the Failed (locked-in)?
  • #57,998
  • Apr 28, 2021 3:34am Apr 28, 2021 3:34am
There we go

edit: took +13
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-04-28 at 09.32.31.png Size: 51 KB
  • #57,999
  • Apr 28, 2021 3:58am Apr 28, 2021 3:58am
Quoting Wizzlebizzle
There we go edit: took +13 {image}
STOP IT, You're getting too good. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,000
  • Apr 28, 2021 4:00am Apr 28, 2021 4:00am
Quoting KevinZeng
{quote} How to unlock the Failed (locked-in)?
Hi, that is million-dollar question. Something like that is my answer to it so far ->

Attached Image


If you find something working for you, please let me know i send a bitcoin to you. Show me a month or two how you would have exited it without a loss.

Otherwise because you quoted me.

Maybe better not to think about hedging it for now and try to get out of the trade as soon as possible for now if you see/feel something is wrong and price is retracing against you or try to get out for at least having the trading costs covered after your entry and wait for the next day.

So you are then break even. At worst maybe think about getting out if price is retracing against you for more than half of the distance of the range and do not trade a range bigger than 30 Pips. At least you will limit your risk/reward to a 3:1 then and not end up with 5:1, 6:1, where you would then already need a LOT of +5 wins just to be back to break even (forget about +5 every day).

Just my 2 cents. But good question mate...
71 traders viewing now