Just for giggles, here's how this morning's Billy Bar looked using the same method. Long Bias till the cows come home.
Billy Bar Thunder+Lightning Long Bias.
Billy Bar Thunder+Lightning Long Bias.
Billytt Die happy trading e/j daily breakout
- #59,142
- Edited Jul 30, 2021 11:49am Jul 29, 2021 1:45pm | Edited Jul 30, 2021 11:49am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Claudia and all. A good chunk of money going onto widely-tipped Dragon Symbol (4.1) in tomorrow's 3:35 at Goodwood.
Maybe value lost now.
However, a possibility could be two v (excellent) favourite, in both Dragon Symbol (4.1) and Art Power {7.2).
Value EW is now Art Power, obviously.
This is a superb quality race, with a very strong favourite, albeit one with a couple of niggles, potentially. It's a 5f cavalry charge sprint also, so opportunities to trade are limited, especially with two in your camp. There is a way around this but I'm for sure not going to muddy the waters here, lol.
I would say tread carefully and probably just for giggles, if at all. That's what I will be doing - this is soooooo not my usual race type and not a system race at all.
Maybe value lost now.
However, a possibility could be two v (excellent) favourite, in both Dragon Symbol (4.1) and Art Power {7.2).
Value EW is now Art Power, obviously.
This is a superb quality race, with a very strong favourite, albeit one with a couple of niggles, potentially. It's a 5f cavalry charge sprint also, so opportunities to trade are limited, especially with two in your camp. There is a way around this but I'm for sure not going to muddy the waters here, lol.
I would say tread carefully and probably just for giggles, if at all. That's what I will be doing - this is soooooo not my usual race type and not a system race at all.
- #59,143
- Jul 29, 2021 4:57pm Jul 29, 2021 4:57pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
Had a look on the BillyBar setup in relevance to the daily pivot point. To me it doesn't looks like that using the pivot as a directional filter would help a lot to avoid a failed trade. There will be still plenty of fails left. Here are just 3 examples of a failed first break I found over the last 2 months where only entering in direction of the pivot (if price above - only go long, if price below - only go short) would not have protected me.
The 00-04 range as a directional bias/filter as in which direction to enter only on an upcoming BillyBar setup would not make much of a difference too. Some days it will help but then some days not again. So both options doesn't seem to give the entry a better quality, so why using it.
To me the martin gale approach of increasing trade size after the failed break or getting a better risk/reward for the average of 20 trading days on the one setup looks like the better alternative instead of trying to filter out few bad entries perhaps but then still I would end up unprofitable after the 20 days most likely.
Or maybe I really need to have far more setups, methods, markets to trade to compensate for my losses on the one setup in that way. I really don't know. Kind a frustrating. Will continue reading the Secret of the Pivot Point Boss now
Thick purple line = historical DPP.
The 00-04 range as a directional bias/filter as in which direction to enter only on an upcoming BillyBar setup would not make much of a difference too. Some days it will help but then some days not again. So both options doesn't seem to give the entry a better quality, so why using it.
To me the martin gale approach of increasing trade size after the failed break or getting a better risk/reward for the average of 20 trading days on the one setup looks like the better alternative instead of trying to filter out few bad entries perhaps but then still I would end up unprofitable after the 20 days most likely.
Or maybe I really need to have far more setups, methods, markets to trade to compensate for my losses on the one setup in that way. I really don't know. Kind a frustrating. Will continue reading the Secret of the Pivot Point Boss now
Thick purple line = historical DPP.
- #59,144
- Jul 30, 2021 12:59am Jul 30, 2021 12:59am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
trading is like dancing, don't think and just listen to the music!
- #59,145
- Jul 30, 2021 3:46am Jul 30, 2021 3:46am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} thanks for showing the nice template! yes, i had several longtrades yesterday end ended up with +50. i found another UV right @1.4000, so i guess we need to break that level soon to be cleared. then everything can happen;-) will have some break till mid of august, so all have a good time!
It's broker's online C-Trader. I'm looking at how it works alongside the Dead Horse momo candles just now as well. Looking very promising - which it should do as I already use them with the naked Kijun-sen.
- #59,150
- Edited 6:09am Jul 30, 2021 5:52am | Edited 6:09am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
- #59,151
- Jul 30, 2021 6:59am Jul 30, 2021 6:59am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #59,154
- Jul 30, 2021 9:22am Jul 30, 2021 9:22am
- | Joined Jun 2020 | Status: Offline | 1,471 Posts
Inserted Video
Happy Weekend, time to smash GU has started..
- #59,156
- Jul 30, 2021 9:47am Jul 30, 2021 9:47am
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
- #59,157
- Jul 30, 2021 9:54am Jul 30, 2021 9:54am
- | Joined May 2009 | Status: lost in the void | 2,977 Posts