Billytt Die happy trading e/j daily breakout | Page 2935 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #58,681
  • Jun 18, 2021 6:28am Jun 18, 2021 6:28am
Bugger and other expletives.
Have to post this as a lesson in inattention.
I was setting up a Dow Future trade earlier -see the dip into the water trade shown first. Then marked a line ( short brown line) as it marked a level to the left 33630 which gave me a point to short at.
Upper level 33651, near trend line served as a "got it wrong" point.
So I ponced around FF and settled on making coffee etc. came back to Pc and the price had gone below my entry point for a nice short BUT I had not set my Limit order in front of the ????£@!! entry target ( under 33630).
Lesson learnt -check my alerts and orders BEFORE poncing off to do other things. And I was waiting ages for this moment - price had retraced from my probe trade and was setting up for coming down to my limit order.
Did okay agin this week but still mess up like above !!!
And it's raining.
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every Saint has a past. Every Sinner has a Future
  • #58,682
  • Jun 18, 2021 6:31am Jun 18, 2021 6:31am
Quoting turnip15
Bugger and other expletives. Have to post this as a lesson in inattention. I was setting up a Dow Future trade earlier -see the dip into the water trade shown first. Then marked a line ( short brown line) as it marked a level to the left 33630 which gave me a point to short at. Upper level 33651, near trend line served as a "got it wrong" point. So I ponced around FF and settled on making coffee etc. came back to Pc and the price had gone below my entry point for a nice short BUT I had not set my Limit order in front of the ????£@!! entry target...
Be positive Mrs T won't make you wash the car today.
  • #58,683
  • Jun 18, 2021 6:32am Jun 18, 2021 6:32am
My usual DOW morning breakout trade if anybody is interested.
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  • #58,684
  • Jun 18, 2021 7:04am Jun 18, 2021 7:04am
Quoting herewego
My usual DOW morning breakout trade if anybody is interested. {image}
Well done
every Saint has a past. Every Sinner has a Future
  • #58,685
  • Jun 18, 2021 7:08am Jun 18, 2021 7:08am
Quoting herewego
My usual DOW morning breakout trade if anybody is interested. {image}
Aways interested. Keep 'em coming!
  • #58,686
  • Jun 18, 2021 7:13am Jun 18, 2021 7:13am
Quoting claudia1
{quote} Talking of prop firms have you seen the 5ers 'summer plan' no cash upfront. Worth a look.
Yes it was interesting! But i am totally concentrated on doing good in FTMO now. Anyway i think this video is worth a look

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  • #58,687
  • Jun 18, 2021 7:13am Jun 18, 2021 7:13am
I'm stuck out-and-about waiting...waiting...and am missing whatever action there is. DAX looks like it would have been a happy hunting ground and no doubt the NAS100 will kick in for its usual end-of-week thrash. Haven't seen how the BB went but looking at the FTSE trade, it will probably have gone well.

Can't even do anything on the horses!

Ho hum. Life gets in the way sometimes!

Still sunny and warm though!
  • #58,688
  • Jun 18, 2021 7:18am Jun 18, 2021 7:18am
Quoting lemercenaire
I'm stuck out-and-about waiting...waiting...and am missing whatever action there is. DAX looks like it would have been a happy hunting ground and no doubt the NAS100 will kick in for its usual end-of-week thrash. Haven't seen how the BB went but looking at the FTSE trade, it will probably have gone well. Can't even do anything on the horses! Ho hum. Life gets in the way sometimes! Still sunny and warm though!
Well, if I am looking at the correct candle on my phone (not a certainty by any means, lol), it seems that the BB did indeed pay off - big time.
  • #58,689
  • Jun 18, 2021 7:45am Jun 18, 2021 7:45am
Quoting lemercenaire
{quote} Well, if I am looking at the correct candle on my phone (not a certainty by any means, lol), it seems that the BB did indeed pay off - big time.
Horsey day at Ascot obviously.
  • #58,690
  • Jun 18, 2021 7:53am Jun 18, 2021 7:53am
Inserted Video
  • #58,691
  • Jun 18, 2021 7:57am Jun 18, 2021 7:57am
Quoting Fagin
https://youtu.be/3QR28CzONi8
Nearly posted Freebird earlier (again !) Anyway got the thread livened up a bit.
  • #58,692
  • Jun 18, 2021 8:22am Jun 18, 2021 8:22am
Hmm Cable at 230pm open or Ascot...
  • #58,693
  • Jun 18, 2021 8:25am Jun 18, 2021 8:25am
Quoting Fagin
Hmm Cable at 230pm open or Ascot...
Both.
  • #58,694
  • Jun 18, 2021 8:38am Jun 18, 2021 8:38am
Nice further move down on FTSE since NTBB. +20 TP x 4 was in.

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BillyBar was good for approx. +35 after the high break. The following up low break was good for approx. +25 so far.

Nice to see GBP/USD having a day again where it's not touching both ends for more than once.

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  • #58,695
  • Jun 18, 2021 8:39am Jun 18, 2021 8:39am
Quoting claudia1
{quote} Both.
Ha! I did but only won on Cable!
  • #58,696
  • Jun 18, 2021 8:56am Jun 18, 2021 8:56am
Thats me done and happy for the week. A good weekend to all
  • #58,697
  • Jun 18, 2021 9:15am Jun 18, 2021 9:15am
All done and organised for next week. Another break on the hour to finish at DS2 to the pip. Been a good week. Still no Billy but there we go.
Attached Image (click to enlarge)
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  • #58,698
  • Jun 18, 2021 9:22am Jun 18, 2021 9:22am
Quoting claudia1
{quote} Both.
The week end is upon us
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every Saint has a past. Every Sinner has a Future
  • #58,699
  • Jun 18, 2021 9:24am Jun 18, 2021 9:24am
Quoting ia1979
The break happened just after 8am but according to your chart the EA didn’t take the trade until much later. My guess is that when the initial break happened, price gapped up without physically crossing the upper line. Later on, price went back into the range and that’s when the EA took the trade. I might need to get that looked at. Thanks for highlighting it.
Yes the expert is missing some kind of gap/slippage control i think. I still wonder why it then took the trade at a even lower price. I mean if there was a gap up any market order should have opened for even a higher price but not anywhere below the actual high price of the established range!? And if there was a gap down it should not have opened a buy order at all because then any future price tick would not have broken the high price for the range at any given moment.

Maybe the expert is not really considering the actual high/low price of the range established that it should use for opening these orders? So it's more like looking at the range purely from a time based period defined and here for the fastest intervals of an M1 bar/candle.

If you get it somehow more accurate it would be great.

Further if the expert is already using market orders it might be great to have some further input for something like "MaxSpread=" where no order would be opened if current market spread at the moment of execution would be exceeded by such pre-defined limit.

Pending orders would be nice too as alternative if possible so you then at least know/see where the EA exactly placing these. I do use pending orders with the BillyBar trade all the time. Place buy/sell stop at the high/low then wait to get filled there.

best regards and good weekend.
  • #58,700
  • Jun 18, 2021 9:28am Jun 18, 2021 9:28am
A bit of Eric Clapton singing " Where has Billy gone" or something sounding similar


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every Saint has a past. Every Sinner has a Future
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