Billytt Die happy trading e/j daily breakout | Page 2902 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #58,021
  • Apr 29, 2021 3:40am Apr 29, 2021 3:40am
Quoting ia1979
{quote} I was hoping for the 12-4am high to break and for price to hit 1.40 for an excellent shorting opportunity but doesn't look like GU is prepared to go there yet.
Cable, 00-00 range, it took its time both dropped for more than enough.
Plus it has to go somewhere.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,022
  • Apr 29, 2021 3:51am Apr 29, 2021 3:51am
Quoting billytt
{quote} Cable, 00-00 range, it took its time both dropped for more than enough. Plus it has to go somewhere.
Yep I nabbed a bit..
  • #58,023
  • Apr 29, 2021 4:19am Apr 29, 2021 4:19am
Quoting Fagin
{quote} Yep I nabbed a bit..
yaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,024
  • Apr 29, 2021 5:07am Apr 29, 2021 5:07am
Quoting billytt
{quote} yaaaaaaaaaaaaaaaaaaay
And again for a bit more..
  • #58,025
  • Apr 29, 2021 5:11am Apr 29, 2021 5:11am
Quoting Fagin
{quote} And again for a bit more..

yaaaaay and daily range is still only 43ish
t 11-11
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,026
  • Apr 29, 2021 5:20am Apr 29, 2021 5:20am
Quoting billytt
{quote} yaaaaay and daily range is still only 43ish t 11-11
Yes, 1.39 seems an obvious target but who knows? The break of the 9am range could be interesting.
  • #58,027
  • Apr 29, 2021 5:23am Apr 29, 2021 5:23am
Quoting Fagin
{quote} Yes, 1.39 seems an obvious target but who knows? The break of the 9am range could be interesting.
i do not really look at where price is going anymore lol.
BUT as you say 1390 looks good, actually level is 13860 and if it moves up 13990 or/and 00.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,028
  • Apr 29, 2021 6:29am Apr 29, 2021 6:29am
Quoting billytt
{quote} i do not really look at where price is going anymore lol. BUT as you say 1390 looks good, actually level is 13860 and if it moves up 13990 or/and 00.
that is a good setting.
trading is like dancing, don't think and just listen to the music!
  • #58,029
  • Apr 29, 2021 7:05am Apr 29, 2021 7:05am
Quoting billytt
{quote} yaaaaay and daily range is still only 43ish t 11-11
Red news for USD in half an hour. That should do the trick...

Claudia is lurking in the long grass ...Hoorah!

(13:30 uk)
  • #58,030
  • Apr 29, 2021 7:30am Apr 29, 2021 7:30am
DAX has taken a right dump today, lol.
  • #58,031
  • Apr 29, 2021 9:40am Apr 29, 2021 9:40am
cable in cage...
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #58,032
  • Apr 29, 2021 10:19am Apr 29, 2021 10:19am
Quoting billytt
Cable 08-00 break, low broke for +5%.
Well done sir

My week so far with the BillyBar.

Monday was a fail for -27 but personally i left out due to using little buffer, got +5 on the low break.
Tuesday was good for +5 but left out. I got 0.
Wednesday was a fail for -11 then. -11 (still hold in limbo).
Thursday was good for +5. I got the +5.

I am -1 %. +5, -11. +5. Actually more like -2% due to the negative swap on the counter + commissions.

Lets say I traded every day at the high/low trigger. I would be -27% now. -27, +5, -11, +5 = -27.

Still not sure how i would make the difference of the -27% then without increasing risk or trade size or not making a lot of more pips on any further instruments, methods, triggers...?

So i would be then at least back to break even after 4/5 days and two fails. Not to forget i would have to make a further +20% during such week to end up +5% for every single day on average

Anyways, have a nice day all. Again very compressing range on the Pound/Dollar. Wow, we did a range of 48 Pips 3 hours after NY opened? Last 5 days ADR = 83, wtf...
  • #58,033
  • Apr 29, 2021 12:37pm Apr 29, 2021 12:37pm
Quoting lddd
{quote} Well done sir My week so far with the BillyBar. Monday was a fail for -27 but personally i left out due to using little buffer, got +5 on the low break. Tuesday was good for +5 but left out. I got 0. Wednesday was a fail for -11 then. -11 (still hold in limbo). Thursday was good for +5. I got the +5. I am -1 %. +5, -11. +5. Actually more like -2% due to the negative swap on the counter + commissions. Lets say I traded every day at the high/low trigger. I would be -27% now. -27, +5, -11, +5 = -27. Still not sure[/highlight]...
Simple answer, you won't.
  • #58,034
  • Apr 29, 2021 2:10pm Apr 29, 2021 2:10pm
Quoting Wizzlebizzle
{quote} Simple answer, you won't.
Not sure mate.
---

I just took a live trade on the Dax. No specific method / trigger, just following what i thought to see.

Attached Image (click to enlarge)
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What I saw... (i try trader language)

- V-Reversal, is that correct?
- A larger Pin at the bottom where price obviously had problems going lower?
- A little retracement/pullback leading to a higher low, w00t.

Then i just jumped in long while price was showing green candles.

I guess the exit however was pure but did lead to a 320 Points win, 320 Points on the Dax = 3,2 Pips for GU ? But 1 lot here was only $1 instead $10.

Probably not that bad for this time of the day, no clue.
  • #58,035
  • Apr 29, 2021 2:56pm Apr 29, 2021 2:56pm
Quoting lddd
{quote} Not sure mate. --- I just took a live trade on the Dax. No specific method / trigger, just following what i thought to see. {image} What I saw... (i try trader language) - V-Reversal, is that correct? - A larger Pin at the bottom where price obviously had problems going lower? - A little retracement/pullback leading to a higher low, w00t. Then i just jumped in long while price was showing green candles. I guess the exit however was pure but did lead to a 320 Points win, 320 Points on the Dax = 3,2 Pips for GU ? But 1 lot here was...

For the FIRST TIME EVER....I actually find myself in agreement with what you said. You don't even realize it but you just found your "thing"

1) Pin bar @ or close to what YOU believe is support
2) A few up bars
3) More down bars ( you don't know if it is a higher low yet)
4) Look for first up bar and assume you are making a higher low.
5) Stop below the LL....Tgt is up to you...but at least 1:1 minimum

RINSE , REPEAT This is what everybody has been saying to you for ever. Trade what you SEE
Plan, Prepare, Execute, Repeat
  • #58,036
  • Apr 29, 2021 3:39pm Apr 29, 2021 3:39pm
Quoting swingtrade65
{quote} For the FIRST TIME EVER....I actually find myself in agreement with what you said. You don't even realize it but you just found your "thing" 1) Pin bar @ or close to what YOU believe is support 2) A few up bars 3) More down bars ( you don't know if it is a higher low yet) 4) Look for first up bar and assume you are making a higher low. 5) Stop below the LL....Tgt is up to you...but at least 1:1 minimum RINSE , REPEAT This is what everybody has been saying to you for ever. Trade what you SEE
Hi swingtrade,

nice of you.

Well i always found that i am quiet okay with just trading what is see but then there is a demon insight telling me "you must have a trigger/method/strategy" (you name it).

Normally the trades i do by just entering/exiting while having a chart open and nothing fancy more are 8 of 10 wins. (That is also how i fixed so far for the monetary losses on trading the BillyBar).

I am just not sure how to build any kind of strategic trading plan based on that? You see, i don't want to trade small positions all day long to get me anywhere near to be able to pay some bills from it. Let alone reaching to a status of "retired from trading" after paying tax to Finanzamt.

Thats where the BillyBar and all that statical trading last year dropped in and i though, okay that could be something..

For sure that doesn't help if your losing trades are 5 times higher and you cannot fix them. Plan B here is totally missing. Since this is the commercial section i would even pay for that secret sauce but i more and more come to the conclusion there might be no structured plan behind fixing for these fails and "scalping out of it" is the way to go.

Its talked about having new trigger/method to fix these negative locked in countered then but nobody can show 1 month of doing so in a transparent way. I totally understand and respect it, just saying. Its no teaching thread here. Got that.

So yes, doing okay but really still having no real plan hehe. Still far away from being able to make this as a career/income like that.

A 5% is what i need a month, nothing more nothing less.
  • #58,037
  • Apr 29, 2021 3:40pm Apr 29, 2021 3:40pm
Quoting lddd
{quote} Not sure mate. --- I just took a live trade on the Dax. No specific method / trigger, just following what i thought to see. {image} What I saw... (i try trader language) - V-Reversal, is that correct? - A larger Pin at the bottom where price obviously had problems going lower? - A little retracement/pullback leading to a higher low, w00t. Then i just jumped in long while price was showing green candles. I guess the exit however was pure but did lead to a 320 Points win, 320 Points on the Dax = 3,2 Pips for GU ? But 1 lot here was...
Not saying you personally won't : ) just without any of those additions you won't make those losses back. It's as simple as 1+1=2 (or 5+5+5-27=-12).

Nice trade there. This will help u with fixing the trades. Have a look to the left and u can see some support/momo.


Well done!

edit: added 30m chart to show the support + momo. Don't trade dax myself (anymore)
Attached Image (click to enlarge)
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  • #58,038
  • Apr 30, 2021 1:27am Apr 30, 2021 1:27am
Hi all,
Nifty 50 i did not touch as the 00-00 4 hour range was massive. the high broke and did make approx 10ish, then a drop down and right now it looks like it might still go up.

just waiting for Cable 08-00 break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,039
  • Apr 30, 2021 1:34am Apr 30, 2021 1:34am
Quoting lddd
{quote} Not sure mate. --- I just took a live trade on the Dax. No specific method / trigger, just following what i thought to see. {image} What I saw... (i try trader language) - V-Reversal, is that correct? - A larger Pin at the bottom where price obviously had problems going lower? - A little retracement/pullback leading to a higher low, w00t. Then i just jumped in long while price was showing green candles. I guess the exit however was pure but did lead to a 320 Points win, 320 Points on the Dax = 3,2 Pips for GU ? But 1 lot here was...
a day or two ago i posted about a trade i had done.
i mentioned (a pin bar), these can help you no doubt, as it is added information.

When i spoke of compounding , i said the best trades we lookj for levels, inside bars etc, ( etc could be the pin).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #58,040
  • Apr 30, 2021 1:40am Apr 30, 2021 1:40am
i watched Dax yesterday drop and i took a few on the retrace back up. (for a few points).
Then it dropped again, i had already finished trading by then, if i remember correctly.

what goes down must go up, especially Dax. and it is moving back up , 50 so far.
AND i didn't trade any of it, lol
Trade Well All ...
t 07-40
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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