Billytt Die happy trading e/j daily breakout

What's happened to the "File Attachments" tab?

Twee?

Still long in the DAX. Moved SL up. Let it run.

I found out that the spread is ok. It's about 1 Pip more or less. I had the indicator showing the spread to the upper right on my charts setted up incorrect because of the difference between Points/Pips having used the wrong multiplier here for the calculation.

Anyways. Thats all i managed to do today in terms of trading.

TradeStation Futures Web Platform ( So I can use it on my iMac.) Tradestation Desk top is more complicated and really for share traders and those who love studies and other technical bits..

Oh dear

https://www.investopedia.com/article...-breakouts.asp

https://www.quora.com/What-is-the-op...in-day-trading

This also looks quiet interesting to me. Anyone here who ever used this software to make a backtest for his/her strategy to such extend?

https://tradingtuitions.com/afl-of-t...kout-system-2/

Collecting statistics in a manual way by scrolling back for each day on a chart looks like Kindergarten compared to that.

Cool cheers, what you trading with it MNQ? Anything else?
Hey claudia, are you still doing that bitcoin thing? I had to pull my head outta my bum and get into crypto fascinating stuff

And again dax +40..just

Got caught on the way up and had a bit of a fight but ok result.

Hi mrc good to see you back. Have given up on crypto for time being but now you remind me .... lol.

Test the year's high ?

Sellers will kick in.

Friday is music day - Billy here's Brian pre AC/DC days in 1973 !!!

Still long in the DAX trade, moved SL up a bit again. Have a nice weekend all.

Where did you get out after the high broke?

BillyBar today.



First break high failed, second break low failed, third opposite break high then was good again for the +5.

Luckily not traded it.

I think we had 2 fails this week. Wednesday the high break failed at a range of 17, today failed at a range of 9. So -26, potential +15.

Haven´t traded it the complete week.

Lost 10 got 20 back on the down so net +around 10. Had a bit of a fight on the way. It did go down around 30.

That sounds good Claudia.

So you are willing to lose -10 on these breaks to make +20 but will also enter on the second break that happens right after if the first one fails? If the second break would have failed for another -10, entering a third time looking for +20? So you would be then i think -20 +20, so pretty much break even after 2 failed breaks for the day where 1 worked, maybe a bit under wanter if counting in spread/commissions. That would be still ok then i think.

Maybe i should try that with the BillyBar instead of only taking the first break once and hedge or take the loss and do nothing anymore until the next day. I then normally wait for the next day because i have no other trigger/method following for the day and therefor then start doing these "random fixes" like trying to scalp me somehow out of such drawdown as fast as possible. But that often comes with incredible unknown risk for me because i then have no idea left where to limit my loss for the new scalping entries i then do.

Doing that leaves me with either trading the same already quiet high position size i had on the failed initial BillyBar trade and looking for lets say 20-30 Pips to make back that loss (depending on the range that failed). OR i drastically have to increase position size on these next scalping trade/s to balance it out getting back to break even again. Both options i am doing here so far somehow not feels right, more like gambling than any proper risk management / trading plan.

Looking for more pips to balance out the failed trade by staying at the same trade size with the next entry/s. I ask my self why i was only looking for +5 right from the start, if i then have to consistently look for more points if having to "fix" it.

And about the increasing position size option. I then start to think, well i now heavily increase my risk on the next trade/s to compensate for one single entry failed. If thats fails too or even another time you account is gone.

I think the hole thing with the +5 every day sounds nice in theory but lacks of any real plan here for me.

Since you are all started with DAX, FTSEE, Nifty lately (now eben @Wizzle posted about DAX lol...) i started to think about that. It looks like a lot of the "pros" prefer trading these indices over FX. The average daily range seems to be much better and therefor simply provides more options for short term trading to make money right? Also they seem to be not so much erratic in their behavior / price action e.g changing direction within every new price bar even in the lower time frames (but thats only a first estimated guess).

But without any real plan and a working strategy it probably won´t make any difference WHAT i trade no matter how disciplined.

@ldd - tried replying to your post above but FF won't let me - maybe the post was too long (not like you !)

The FTSE break out is doing well so far. Like any break out strategy the lower the range the higher the probability of a break. Can take losses both ways of course. I am happy to add to losing trades and fight my way out of a mess. Billy counter trades which is different.

I don't trade the Billy Bar but do the NTBB.

Main trading is pivot based with today being a perfect example. Off the high and back to the pivot which so often acts as a magnet - see chart. ADR is very useful.

Where's Lemercenaire hiding ?

Getting me coat




Weekend starts here.

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