Billytt Die happy trading e/j daily breakout | Page 3027 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #60,521
  • Feb 2, 2022 7:17am Feb 2, 2022 7:17am
because of that 00-00 4h was an IB i did first a short and then a long trade (because i wasnt sure where price will go lost a bit with the short), enough for today ;-)
trading is like dancing, don't think and just listen to the music!
  • #60,522
  • Feb 2, 2022 8:43am Feb 2, 2022 8:43am
t 14-42
if the chart stays like this until 16-00 , like a pin bar. it might drop lol. (just saying).
Range 71
Attached Image (click to enlarge)
Click to Enlarge Name: 02 E.png Size: 12 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,523
  • Feb 2, 2022 8:45am Feb 2, 2022 8:45am
Quoting birdland
because of that 00-00 4h was an IB i did first a short and then a long trade (because i wasnt sure where price will go lost a bit with the short), enough for today ;-)
it could of dropped.
i said earlier the 04-00 4 hour bar nearly broke the 00-00 4 hour bar.(.8 away) as in point 8 away.
i only enter trades on the actual break, the same with inside bars.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,524
  • Feb 2, 2022 9:50am Feb 2, 2022 9:50am
Quoting billytt
{quote} it could of dropped. i said earlier the 04-00 4 hour bar nearly broke the 00-00 4 hour bar.(.8 away) as in point 8 away. i only enter trades on the actual break, the same with inside bars. Trade well.
yes , i saw it, but i tend to stop trading if i have more than +20 pips/day. as you say, a new trade could always go against you and is new risk.
trading is like dancing, don't think and just listen to the music!
  • #60,525
  • Feb 2, 2022 9:52am Feb 2, 2022 9:52am
Quoting birdland
{quote} yes , i saw it, but i tend to stop trading if i have more than +20 pips/day. as you say, a new trade could always go against you and is new risk.

Well said....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,526
  • Feb 2, 2022 12:59pm Feb 2, 2022 12:59pm
Quoting birdland
{quote} https://www.youtube.com/watch?v=vmDDOFXSgAs
First time I’ve ever heard that in full. Amazing
  • #60,527
  • Feb 2, 2022 3:45pm Feb 2, 2022 3:45pm
'Tis a sorry tale I relate. Not for the first time I have needlessly blown a hole in my trading account that will require several days of careful trading to nurse it back to some semblance of health. The day began well: I sat watching the Dax on the one minute chart; price moves past a level and I am in and my stop is the other side of a channel and I note where I got in ( I wont go into how I trade since each person trades differently here) which governs where I get out if proved wrong. Well, as the morning progressed towards 10am I had entered a couple of successful trades. Pat myself on the back for excercising patience in trade selection. Shopping with Mrs T and a tour of a DIY store as she collects paint and tile catalogues - hmm.
The afternoon Nasdaq -made a couple of good trades. But for some odd reason I thought that because the tv programmes were dire I would trade on my laptop as a diversion. 7pm onwards I was in and out of trades, on the one minute chart, like a maniacal ping pong ball in one of those old time gaming machines. Sins - let me see; Trying to anticipate the next price bar direction, one bar after another; doubling up in the wrong direction, ignoring my trading method/stops/discipline and all this resulting in far too many trades.
I was horrified when I looked at the chart - one entry arrow after the other !!
So, bollocks, I will have to eat humble pie and follow the instructions on the tin. To that end I have written a bullet list of things to consider
( tis only a short list but) before entering a trade and "Bold" line entry to stay in a trade until the stop is hit.
Hah ! I feel better now.
every Saint has a past. Every Sinner has a Future
  • #60,528
  • Feb 2, 2022 8:13pm Feb 2, 2022 8:13pm
Quoting turnip15
'Tis a sorry tale I relate. Not for the first time I have needlessly blown a hole in my trading account that will require several days of a trade and "Bold" line entry to stay in a trade until the stop is hit. Hah ! I feel better now.
Sorry to hear but thanks for the tale of woe.....
Lick your wounds and hope you get it all back soon
.I am well prepared for big drawdown as I have seen one ilast week..!!!
But all getting good now...
Good luck
Onwards and upwards...
  • #60,529
  • Feb 3, 2022 12:12am Feb 3, 2022 12:12am
Quoting soccerfan
{quote} Sorry to hear but thanks for the tale of woe..... Lick your wounds and hope you get it all back soon .I am well prepared for big drawdown as I have seen one ilast week..!!! But all getting good now... Good luck
hello SF,
how is your system trading with SP500 running?
trading is like dancing, don't think and just listen to the music!
  • #60,530
  • Feb 3, 2022 12:45am Feb 3, 2022 12:45am
Quoting turnip15
'Tis a sorry tale I relate. Not for the first time I have needlessly blown a hole in my trading account that will require several days of careful trading to nurse it back to some semblance of health. The day began well: I sat watching the Dax on the one minute chart; price moves past a level and I am in and my stop is the other side of a channel and I note where I got in ( I wont go into how I trade since each person trades differently here) which governs where I get out if proved wrong. Well, as the morning progressed towards 10am I had entered...
Ouch! I blame the paint pick up. This is how mine goes:

" This white or maybe this white is better, no definitely this white, erm no I've changed my mind, this white is better, what do you think? You're not saying a lot and no help, whats wrong with you?" FFS...
  • #60,531
  • Feb 3, 2022 1:25am Feb 3, 2022 1:25am
[quote=turnip15;13881030]'Tis a sorry tale I relate. Not for the first time I have needlessly blown a hole in my trading account that will require several days of careful trading to nurse it back to some semblance of health. The day began well: I sat watching the Dax on the one minute chart; price moves past a level and I am in an

So sorry to hear of your woe Mr T.
It happens, Hands up time, i have done it myself many times.(ok a long time ago).

We do not do the walk of shame in here, but i hope people take in what you have done and stay away from doing the same.

You'll be ok, lesson learned.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,532
  • Feb 3, 2022 1:29am Feb 3, 2022 1:29am
t 07-25 Cable chart copied a few minutes ago.
I have already put my 2 black 70 range vertical lines on the Highest High- Lowest Low.

I am currently short but maybe not for lonf.
The 00-00 4 hour bar low broke, i went short and it has made 5 but my position didn't close, lol
It might be a message from above . Lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 A.png Size: 14 KB

also, dont look at those horizontal lines,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,533
  • Feb 3, 2022 1:44am Feb 3, 2022 1:44am
I meant to say.
we have broken an inside bar low on the 4 hour.
I realise now why my original short was not closed at +5.
t 07-44
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,534
  • Feb 3, 2022 1:45am Feb 3, 2022 1:45am
I will try and show examples of Cable 00-00 and 04-00 4 hour bar breaks later,
Put along side the daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,535
  • Feb 3, 2022 1:54am Feb 3, 2022 1:54am
Quoting billytt
I will try and show examples of Cable 00-00 and 04-00 4 hour bar breaks later, Put along side the daily range.
Monring Billy

That would be useful as some may be confusing an MT4 4 hour bar?
  • #60,536
  • Feb 3, 2022 2:20am Feb 3, 2022 2:20am
Quoting billytt
I will try and show examples of Cable 00-00 and 04-00 4 hour bar breaks later, Put along side the daily range.
t 08-11 Cable 4 hour chart just copied. i will start now with examples.
First Thing, when you see the gurus on FF or/and guys trying to sell stuff, they normally show examples from ages ago.
I am doing this right now, an NO, i am not showing my method, it can be developed easily.

Attached Image (click to enlarge)
Click to Enlarge Name: 03 B.png Size: 15 KB
1= 00-00 4 hour bar/candle. 00-00 midnight to 04-00 am UK time.
2 = 04-4 hour bar closing at 08-00 am uk market open.
3- 08-88 to 12-00 noon 4 hour bar and still forming.

If we had traded the break of No 1 bar 00-00 to 04-00 which i have.
Low broke and i am short. the bar is 13 points/pips range.
If it should retrace back up we go long at the High (you dont have to).
So we go long, we have now lost 13 points. but we have a potential 54 points to gain if the daily range is 70.

lets see how it goes.
t 08-20
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,537
  • Feb 3, 2022 2:22am Feb 3, 2022 2:22am
Quoting billytt
{quote} t 08-11 Cable 4 hour chart just copied. i will start now with examples. First Thing, when you see the gurus on FF or/and guys trying to sell stuff, they normally show examples from ages ago. I am doing this right now, an NO, i am not showing my method, it can be developed easily. {image} 1= 00-00 4 hour bar/candle. 00-00 midnight to 04-00 am UK time. 2 = 04-4 hour bar closing at 08-00 am uk market open. 3- 08-88 to 12-00 noon 4 hour bar and still forming. If we had traded the break of No 1 bar 00-00 to 04-00 which i have. Low broke and i...
AND YES, we might get whip/consolidation lets see.
t 08-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,538
  • Feb 3, 2022 2:25am Feb 3, 2022 2:25am
Quoting billytt
{quote} AND YES, we might get whip/consolidation lets see. t 08-22
my daily range of 70 can be adjusted to 60. lol even 50
t 08-25
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,539
  • Feb 3, 2022 3:05am Feb 3, 2022 3:05am
Quoting billytt
{quote} AND YES, we might get whip/consolidation lets see. t 08-22

this 00-00 4 hour bar range is very low. 13.
the 04-00 4 hour bar is 18.

13 range is rather low, so i may adjust it. ie ill manually say it is 20 for examople.
Movement so far is very slow.
t 09-05
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,540
  • Feb 3, 2022 3:28am Feb 3, 2022 3:28am
all waiting for the BOE red news...
trading is like dancing, don't think and just listen to the music!
115 traders viewing now