Billytt Die happy trading e/j daily breakout | Page 3031 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,601
  • Feb 7, 2022 3:55am Feb 7, 2022 3:55am
yes, me too ;-)
trading is like dancing, don't think and just listen to the music!
  • #60,602
  • Feb 7, 2022 4:47am Feb 7, 2022 4:47am
Quoting birdland
yes, me too ;-)
Ha that makes three of us! I'm done now, trade well!
  • #60,603
  • Feb 7, 2022 4:58am Feb 7, 2022 4:58am
Quoting birdland
yes, me too ;-)
I'm glad you did, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,604
  • Feb 7, 2022 4:59am Feb 7, 2022 4:59am
Quoting Fagin
{quote} Ha that makes three of us! I'm done now, trade well!

good good good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,605
  • Feb 7, 2022 5:02am Feb 7, 2022 5:02am
t 10-59 Cable chart copied a coupleof minutes ago.
I meant to do this ages ago but didnt.

Just suppose we went long on Bar No1 , off the high of No2 and it failed.
We would of shorted off the 2 bar and we would then have the area down to No 3 to fix.
Yes it could of reversed then we would of gone long lol.
t 11-02
Attached Image (click to enlarge)
Click to Enlarge Name: 07 B.png Size: 16 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,606
  • Feb 7, 2022 5:04am Feb 7, 2022 5:04am
my cable short was closed ages ago, for a modest amount.lol
t 11-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,607
  • Feb 7, 2022 5:09am Feb 7, 2022 5:09am
Quoting claudia1
{quote} 05.30 is a bit early. I usually go for Frankfurt open at 07.00 which a bit more reasonable especially at this time of year when it's dark and cold !! Get some good moves.
The early bird catches the pips, or something similar
( 6:45am bar - big pink rectangle )
Attached Image (click to enlarge)
Click to Enlarge Name: Dax15min1055.png Size: 310 KB
every Saint has a past. Every Sinner has a Future
  • #60,608
  • Feb 7, 2022 5:18am Feb 7, 2022 5:18am
Quoting turnip15
{quote} The early bird catches the pips, or something similar ( 6:45am bar - big pink rectangle ) {image}
Nice one Mr T, thanks for the info.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,609
  • Feb 7, 2022 5:34am Feb 7, 2022 5:34am
Quoting billytt
Just suppose we went long on Bar No1 , off the high of No2 and it failed. We would of shorted off the 2 bar and we would then have the area down to No 3 to fix. Yes it could of reversed then we would of gone long lol. t 11-02{image}
It sounds like all you do is basically assuming you gonna have x min. range for the day for GBP/USD and then enter as often as needed to get your +5.

How many entries you will do per day at what percentage risk amount? Without knowing these parameters it's all just meaningless.

Yes you could have gone long a third time and it could have failed a third time. So what is your trade size for one entry in % terms, what is your max. willing allowed risk for a single day?

With the BillyBar I remember it was 1%/Pip. So in case of a counter at a range of -15 Pips you would be down -15% on the first entry got wrong, failed, countered, taken as a stop loss.

Why do you actually stopped trading the BillyBar range and switched to trade the break of the first 4 or even 8 hours instead. The principle seems to be the same.

You often post taking 5, then on another day it's 6. So no fixed targets you set at all? No words again how much you have risked for that. Do you actually set a stop/counter for these ranges? Same as with the BillyBar, so that goes at the opposite end of the range right?

So these ranges are probably even larger than the BillyBar on average as we are now talking of 4 hour periods instead of 15 minutes.

Chasing the daily range of say assuming its a minimum of 70 Pips for the day open to high or open to low still isn't going to help if have no gas left in the tank after maybe having lost the first, second or even third entry in a row for the day because price is simply then consolidating in a rather right range through out the complete day instead of going anywhere near the 70 Pips.

You talked about taking it seriously some days ago...

There is lots of talk here. I still see nobody actually making a living from trading. I am out.
  • #60,610
  • Feb 7, 2022 6:23am Feb 7, 2022 6:23am
[quote=lddd;13886406]{quote} It sounds like all you do is basically assuming you gonna have x min. range for the day for GBP/USD and then enter as often as needed to get your +5. How many entries you will do per day at what percentage risk amount? Without knowing these parameters it's all just meaningless. Yes you could have gone long a third time and it could have failed a third time. So what is your trade size for one entry in % terms, what is your max. willing allo

i know what i am doing. i take + 5 approx 99% of the time, and 6 a very small percentage.
If i fix a trade i make a lot more than +5.
My first trade my risk reward is absolutely horrendous , my ROR is off scale (Risk Of Ruin) but it is how i fix,

You are so negative, and i do not want negativity in here, so i may be saying good bye to you.
If you cannot grasp what i am trying to convey you must go search some other event, try dogs, horses .

Billy Bar, I am actually bored with it plus the stats are actually changing a bit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,611
  • Feb 7, 2022 7:13am Feb 7, 2022 7:13am
Quoting billytt
{quote} Nice one Mr T, thanks for the info.
Her Dow 12:45pm bar took off as well.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #60,612
  • Feb 7, 2022 9:09am Feb 7, 2022 9:09am
Quoting billytt
...of the time, and 6 a very small percentage. If i fix a trade i make a lot more than +5. My first trade my risk reward is absolutely horrendous , my ROR is off scale (Risk Of Ruin) but it is how i fix, You are so negative, and i do not want negativity in here, so i may be saying good bye to you. If you cannot grasp what i am trying to convey you must go search some other event, try dogs, horses . Billy Bar, I am actually bored with it plus the stats are actually changing a bit.
well, he is german ;-)
trading is like dancing, don't think and just listen to the music!
  • #60,613
  • Feb 7, 2022 9:44am Feb 7, 2022 9:44am
Quoting birdland
{quote} well, he is german ;-)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,614
  • Feb 7, 2022 12:05pm Feb 7, 2022 12:05pm
Quoting billytt
Quoting lddd
{quote} It sounds like all you do is basically assuming you gonna have x min. range for the day for GBP/USD and then enter as often as needed to get your +5. How many entries you will do per day at what percentage risk amount? Without knowing these parameters it's all just meaningless. Yes you could have gone long a third time and it could have failed a third time. So what is your trade size for one entry in % terms, what is your max. willing allo i know what i am doing. i take + 5 approx 99% of the time, and 6 a very small
...
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  • #60,615
  • Feb 7, 2022 12:30pm Feb 7, 2022 12:30pm
Interesting level formed on CL. Check the 30 min chart for clarity.
  • #60,616
  • Feb 8, 2022 12:14am Feb 8, 2022 12:14am
Quoting lemercenaire
{quote}{quote} {image}
Hi Lem, i would of gone for the guy banging his head in the wall. yaaaaaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,617
  • Feb 8, 2022 12:24am Feb 8, 2022 12:24am
t 06-17
Cable 4 hour chart just copied.

I have already put the 2 black vertical 70 range lines on the highest high and lowest low.
No 1 = 00-00 4 hour bar also T ( Trigger)
No 2 = 04-00 4 hour bar and still forming.

Attached Image (click to enlarge)
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The 00-00 low broke and i was short and got 5, THEN I AM OUT, i can can sleep,mess around, play drums lol
Yes i could of let the trade run ,but not today.
Those 2 black vertical lines????? the high one is important,because if i had had a fail i would be looking at how far Long i could use to fix.

The joy of having a good trigger bar is that whip/consolidation doesnt happen that often, BUT IT DOES HAPPEN. So we fix.
Trade well all.
t 06-24
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,618
  • Feb 8, 2022 1:20am Feb 8, 2022 1:20am
Quoting billytt
t 06-17 Cable 4 hour chart just copied. I have already put the 2 black vertical 70 range lines on the highest high and lowest low. No 1 = 00-00 4 hour bar also T ( Trigger) No 2 = 04-00 4 hour bar and still forming. {image} The 00-00 low broke and i was short and got 5, THEN I AM OUT, i can can sleep,mess around, play drums lol Yes i could of let the trade run ,but not today. Those 2 black vertical lines????? the high one is important,because if i had had a fail i would be looking at how far Long i could use to fix. The joy of having a good trigger...
Missed the 1st one but took a risk on the second break and it worked out... even if we have another tight range day today the odds of it moving +30 or +20 either side are still pretty good I think.
  • #60,619
  • Feb 8, 2022 1:36am Feb 8, 2022 1:36am
Quoting Fagin
{quote} Missed the 1st one but took a risk on the second break and it worked out... even if we have another tight range day today the odds of it moving +30 or +20 either side are still pretty good I think.

yes indeed bud. yesterday we had a 61 range . I always use my 70 range as guidance, but i do not trade to 70, actually my No is slightly different to 70. But it doesnt matter in here.

If we have a fail we can see where price probably will move to, or even in a good trade, we cane see where price will go.
Its all numbers.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,620
  • Feb 8, 2022 2:19am Feb 8, 2022 2:19am
cable chart at 08-14
the 15 min bar is 12 range.
lets say it breaks low and fails, we can see where it could move to, to the high black vertical line. and vice versa if high breaks, we can see where it might drop to.
It will make at least 60. omg i hope it does lol.

i cannot load the chart,i will do it later.
t 08-19
Attached Image (click to enlarge)
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chart added at 08-20
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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