Billytt Die happy trading e/j daily breakout

Tuesday 9 th
Yesterday's candle closed up 12..trade closed, profit taken
Low closed higher than previous day's low
Buy

If nothing is working in trading at least Bitcoin is doing good for me.

+5% over the last 24 hours again. Cable moved less than that over the course of a complete year, how boring is that.

yes, i put all my courage together

Anyone have any pics to share....???
Here is a sunset from my phone... GLENELG, South Australia

Nice..

This is mine from England.. the pup never leaves my side, so he's normally always in shot!

Just wiped out two days profits on Dow Index. Well up first couple of trades then bled dry trying to trade the sideways drift which, if I was paying more attention, was signalled by left hand price levels /consolidation. Must learn to practice what I preach !!
Bollocks !!
Apart from that I attach a photograph of our puppy chilling out on the arm chair.

Sorry to hear about the dow trades, S@!t happens...

We should start a traders pets thread!

Your pup is giving you the, "Oh, Dad...what have you done?" look, lol.

Wednesday..hi all.
Yesterday's candle closed down 16
Take profit set to break even +2
Low was lower than previous day's low
No new trade today

so you will never close with a loss, because the stockmarket is a longterm more growing market. is that the philosophy behind?

Yes
A self fulfilling prophecy....
The gift that keeps on giving...

I am in a fight with a 08-15 short trade at the moment. The +5 could have been already taken. I decided to go for a 1:1 R:R and to move my stop to break-even+1 once i am between +5-8 Pips of floating profit (the new plan lol). The problem with that approach seems to be it's not enough room for GU to breathe.

On these other hand giving it all back again and staying in the position until it floats back to reach to my full SL (still opposite end of the range) more and more looks like a bad idea to me.

I am not yet sure if the 1:1 plan instead of the +5 and moving stop to break-even+1 at +8 could work out leaving me at a profit by the end of the month that might be enough to make a living from it without having to consider trading x more setups/strategies or having to analyze the hell out of everything and everywhere. But yeah have to find out.

I maybe could consider re-entering at the first break once it would stop me out at break-even+1. So I would be then jumping in a new position over and over again until I reached to the full TP but the second re-entry here could already move back to the full stop for sure. So I would be then even missing out on the chance to have stopped trading on such day at ending at a break even result.

I see it just reached the take profit target without coming back to the break even stop

The trade in charts with my comments.

01 | Placed my pending orders using a little Buffer of about 1 Pips... (still not sure about that, this time it didn't make a difference).


02 | Moved SL below the actual high to match up for the take profit target I placed including spread/com. At this time i "could" have already banked the "+5".


03 | The trade started to retrace...

04 | The trade came down to +8 of floating profit and therefor gave me the chance to move the stop. Moved stop to break-even+1...

05 | The trade started to retrace a lot more. At this time I was thinking "Okay the "smart money" probably knows where idiots like me move there stops to protect current profits and will like to go back there just to take me out of my trade"...

06 | The trade moved in my favor but missed the break-even+1 stop by only a Pip or so.


07 | The trade moved on and finally reached the 1:1 TP. I am done for today. +14 having risked about -14.

Thursday 11th
Drawdown time..
No trade, as yesterday's low was lower than previous day's low

Poor exit in hindsight in terms of what has been left out. Good exit in terms of having followed my pre-defined plan.

This looks nice on higher timeframes as well. I'm thinking options.

Plus a little photo from yesterday's walk

Ouch, I have a couple of mechanical systems that make a fortune until.... DD TIME...

What's your plan, do you buy again (and again hopefullly) and exit with an aggregate entry target?

Yikes!

Just a little look at something I have been trading/working on for a few weeks in addition to my normal methods. It just uses APB Bars and HHHC/LLLC. I really like Heiken Ashi but feel that APB gives that extra information. The ticks show entries that meet the criteria, and crosses show ones that dont so should all be self explanatory. I have marked full trading days although I only trade between 08 and 17 GMT. Money and trade management is very important. Any thoughts would be welcomed.

I still look at these:
Claudia's ideas re - Dax, FTSE and CABLE.

Not sure about the Cable chart - Is it 12:45am to 1pm ( UK time) or 12:45am to 2:30pm US open time ?
See second Cable chart from Day before -showing 12:45am to 2:30pm UK time section for US open -maybe this is how it should be drawn ?

But DAX and FTSE are still working well, (IMHO)

And US Bank Holiday today ?