Billytt Die happy trading e/j daily breakout | Page 2943 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #58,841
  • Jun 29, 2021 8:03am Jun 29, 2021 8:03am
Looks like a particularly bad month for the BillyBar so far. I count 8 fails on the first break for the last 21 days including today. 1 day to go.

There were also 2 consecutive fails followed by a tripple fail on 11/06 (first, second, third break failed to reach +5) followed by a fail on 14/06 and one more fail on 15/06. So three days in a row there where price failed to reach to the +5 Pips after the first break. Increasing trade size after a fail on the next day? Hmm...

Still a 61,90% win rate but it's 13 x 5 = 65 Pips on the positive side compared to 8 fails (full size of the ranges) summing up to a total of -103,6 Pips. A -38,6 Pips gross loss. Including brokers fees of say 1 Pip net it would be a further -21 Pips added to it over the 21 entries.

@Billly, nice to see you back. My best regards.
  • #58,842
  • Jun 29, 2021 8:18am Jun 29, 2021 8:18am
Quoting claudia1
{quote} Oh he's suspended.
On another note, if I have drawn this chart correctly, the FTSE has given a couple of trades. And if one notes round numbers then the tails dropping below 100
( 7100 )would have added a couple of shorts with tight stops ?
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every Saint has a past. Every Sinner has a Future
  • #58,843
  • Jun 29, 2021 8:23am Jun 29, 2021 8:23am
Quoting turnip15
{quote} On another note, if I have drawn this chart correctly, the FTSE has given a couple of trades. And if one notes round numbers then the tails dropping below 100 ( 7100 )would have added a couple of shorts with tight stops ? {image}
Was a good move on the 7.45 bar. I don't watch it after that. How are you getting on with Laura's strategies ?
  • #58,844
  • Jun 29, 2021 8:34am Jun 29, 2021 8:34am
Quoting claudia1
{quote} Was a good move on the 7.45 bar. I don't watch it after that. How are you getting on with Laura's strategies ?
Doing well with "Roadmap." My only problem is the lingering propensity to snatch at a profit when price moves quickly, instead of following my own advice to lock in and move stops up. The good side is that I have no problem ditching a trade that moves against my pre-determined stop. Overall the micro Futures Indices suit me well.
Technically -simply "looking left" at levels works well, as does the stopping after a failed long and short ( or vice versa) to assume the beginning of a consolidation.
First hour or so in NYSE open is where the current action is at, after that you have to be very aware of price "flat lining" and thus learning to sit on your hands or come back at 7pm as I do sometimes.
Price action and a couple of lines is all one needs I feel. yet, on Laura's site, posters still add indicators or try to tune existing one's. I think it's a sub conscious attempt to have no losers?
every Saint has a past. Every Sinner has a Future
  • #58,845
  • Jun 29, 2021 10:20am Jun 29, 2021 10:20am
Quoting turnip15
{quote} Doing well with "Roadmap." My only problem is the lingering propensity to snatch at a profit when price moves quickly, instead of following my own advice to lock in and move stops up. The good side is that I have no problem ditching a trade that moves against my pre-determined stop. Overall the micro Futures Indices suit me well. Technically -simply "looking left" at levels works well, as does the stopping after a failed long and short ( or vice versa) to assume the beginning of a consolidation. First hour or so in NYSE open is where the...
You are right. But it doesn't matter what system/strategy you post someone will want to change it. That's one reason I closed my thread - and David had enough of the 'can you add this' lol. Seems a long time ago.
  • #58,846
  • Jun 29, 2021 10:25am Jun 29, 2021 10:25am
Mrs T asks me if those are cheese crisps or, are my feet to close to the bowl ?
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every Saint has a past. Every Sinner has a Future
  • #58,847
  • Jun 29, 2021 11:28am Jun 29, 2021 11:28am
Just a quick dip in the pool...

USTec100 +6 +6.7 +7.6 [+20.3]

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  • #58,848
  • Jun 29, 2021 11:40am Jun 29, 2021 11:40am
Quoting lemercenaire
Just a quick dip in the pool... USTec100 +6 +6.7 +7.6 [+20.3] {image}
Well, hulloooooo...

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  • #58,849
  • Jun 29, 2021 12:03pm Jun 29, 2021 12:03pm
To...the...pip...

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  • #58,850
  • Edited 1:09pm Jun 29, 2021 12:58pm | Edited 1:09pm
Cable. M1 it's just noise, they said...

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Let's zoom out.

H1. Enlarge it. Zoom in the right zone.

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" To...the...pip... "
  • #58,851
  • Jun 29, 2021 1:05pm Jun 29, 2021 1:05pm
Well played. Good match. Now my support goes to Switzerland.
  • #58,852
  • Jun 29, 2021 3:07pm Jun 29, 2021 3:07pm
Quoting MrGreen95
Cable. M1 it's just noise, they said... {image} {image} Let's zoom out. H1. Enlarge it. Zoom in the right zone. {image} " To...the...pip... "
Yep. Plus it extends left as well, so well established.
  • #58,853
  • Edited 3:24am Jun 30, 2021 3:13am | Edited 3:24am
Quoting MrGreen95
Cable. M1 it's just noise, they said... {image} {image} Let's zoom out. H1. Enlarge it. Zoom in the right zone. {image} " To...the...pip... "
"they" must be the 95%;-)

i love m1 trading.

you sit down, wait and trade.

then you go for a coffee.
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trading is like dancing, don't think and just listen to the music!
  • #58,854
  • Jun 30, 2021 5:38am Jun 30, 2021 5:38am
Quoting birdland
{quote} "they" must be the 95%;-) i love m1 trading. you sit down, wait and trade. then you go for a coffee. {image} {image}
Welcome to The Dark Side...
  • #58,855
  • Edited 7:37am Jun 30, 2021 7:26am | Edited 7:37am
Cable M5. It is always the same story.

" And it won't stop "

First position banked.

Ambitious target to 1.36760. BE +1 and sleeping on it

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M1:

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Buy on Support/Trendline
Sell on Resistance/Trendline

Some famous authors said...
  • #58,856
  • Jun 30, 2021 7:36am Jun 30, 2021 7:36am
Quoting MrGreen95
Cable M5. It is always the same story. " And it won't stop " First position banked. Ambitious target to 1.36760. BE +1 and aleeping on it {image} M1: {image} Buy on Support/Trendline Sell on Resistance/Trendline Some famous authors said...
i had a similar trade:
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trading is like dancing, don't think and just listen to the music!
  • #58,857
  • Jun 30, 2021 7:51am Jun 30, 2021 7:51am
Quoting birdland
{quote} i had a similar trade: {image} {image}

lol, it is funny to see other traders trading maybe from different perspectives but taking the same trades
  • #58,858
  • Edited 8:19am Jun 30, 2021 7:56am | Edited 8:19am
This is why i will hold one position

Edit: too much sell-side imbalance/inefficient market. I don't like it. Closed +45
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  • #58,859
  • Jun 30, 2021 8:20am Jun 30, 2021 8:20am
Quoting MrGreen95
Cable M5. It is always the same story. " And it won't stop " First position banked. Ambitious target to 1.36760. BE +1 and sleeping on it {image} M1: {image} Buy on Support/Trendline Sell on Resistance/Trendline Some famous authors said...
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  • #58,860
  • Jun 30, 2021 8:22am Jun 30, 2021 8:22am
BillyBar 01.06 - 30.06.21 (First break)

Wins: 14 (+70 Pips) 63,63 %
Losses: 8 (-103,6 Pips) 36,36 %

There were 2 days where after the first break failed the second one failed too to reach the +5, and 1 day where it failed even for a third time.
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