Billytt Die happy trading e/j daily breakout | Page 3034 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,661
  • Feb 11, 2022 1:19am Feb 11, 2022 1:19am
t 07-17
Cable 4 hour chart just copied.
Price has gone back into the 00-00 range. we can short again . I AM NOT.
we can short and if it fails we can see where price should go, and YES it can whip back down.
Attached Image (click to enlarge)
Click to Enlarge Name: 11 D.png Size: 12 KB
t 07-19

edit, and yes the 04-00 4 hr bar might be a pin, meaning price goes up. That is the game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,662
  • Feb 11, 2022 2:08am Feb 11, 2022 2:08am
Quoting billytt
t 07-17 Cable 4 hour chart just copied. Price has gone back into the 00-00 range. we can short again . I AM NOT. we can short and if it fails we can see where price should go, and YES it can whip back down. {image}t 07-19 edit, and yes the 04-00 4 hr bar might be a pin, meaning price goes up. That is the game.
and this is what happened , t 08-07 5 minute chart just copied.Price moved back into 00-00 range then dr
Attached Image (click to enlarge)
Click to Enlarge Name: 11 E.png Size: 15 KB


AND I STILL DIDN'T TRADE IT, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,663
  • Feb 11, 2022 2:14am Feb 11, 2022 2:14am
t 08-13
cable, price is back in the 00-00 range, we can short again . NOT ME.
we have the Billy Bar in play. daily range so far is still 40ish
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,664
  • Edited 2:34am Feb 11, 2022 2:18am | Edited 2:34am
t 08-18
Billy bar just made exactly 5 plus (actually6)

plus lots more now.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,665
  • Feb 11, 2022 2:35am Feb 11, 2022 2:35am
Quoting billytt
t 08-13 cable, price is back in the 00-00 range, we can short again . NOT ME. we have the Billy Bar in play. daily range so far is still 40ish

This would of failed.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,666
  • Feb 11, 2022 3:30am Feb 11, 2022 3:30am
A bit late for me, I've got a dose of manflu...

Just gone long, smaller size looking for an exit around the daily pivot..
  • #60,667
  • Feb 11, 2022 3:34am Feb 11, 2022 3:34am
Quoting Fagin
A bit late for me, I've got a dose of manflu... Just gone long, smaller size looking for an exit around the daily pivot..
liquids, paracetamol, get well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,668
  • Feb 11, 2022 4:35am Feb 11, 2022 4:35am
Have a good weekend all.
I'm off to the sea for a play.
Ill probably pop in later.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,669
  • Feb 11, 2022 3:37pm Feb 11, 2022 3:37pm
Quoting billytt
{quote} edit. i think this is similar to Lems dead zone. (hopefully remembered the name) i have said in the past.
It is - The Witching Hour - though I never used it on Cable.

It looks interesting, with a bias and single direction break.
  • #60,670
  • Feb 11, 2022 3:58pm Feb 11, 2022 3:58pm
Here comes the weekend...

Inserted Video
  • #60,671
  • Feb 12, 2022 1:49am Feb 12, 2022 1:49am
Inserted Video
trading is like dancing, don't think and just listen to the music!
  • #60,672
  • Feb 12, 2022 4:38am Feb 12, 2022 4:38am
Inserted Video
  • #60,673
  • Feb 12, 2022 4:56am Feb 12, 2022 4:56am
Quite an eclectic range of music choices there this weekend, folks, lol.
  • #60,674
  • Feb 13, 2022 6:17pm Feb 13, 2022 6:17pm
Quoting billytt
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.
I actually grasped it from the very first posts.

I tried to get some answers to the probably far more important questions instead of where to enter a trade.

I think I mentioned several times that trading based on risk to reward is not the way you seem to trade. So that's why I tried to ask how you would otherwise manage, control, limit your risk. I thought that's what professional traders primarily do, I might be wrong.

I asked for some concrete numbers so I could at least get the idea of what you going to risk for what you are targeting over approx. x many entries.

If you have a breakout range of let's say 15 Pips and your goal is to make +5 going long or short no matter if counter order or stop loss at the opposite end of the range this would be -15 vs a potential +5, right?

You get your +5. All good. You stop trading the day.

You end up at -15 instead. What then? You enter a second time trying to make +5 again without increasing your initial position size? So you then would already need to make +20. Recovering the -15 + making a +5. But let's say you enter a second time and it once again goes against you. You are then -30 after two orders got executed. Say it retraces for a third time before reaching +5, your are now -45 for the day.

So after 3 failed entries at a range of -15 you then need to make +50 Pips at least for the remaining day to end up at +5. +45 Pips to recover the 3 first entries lost in a row and a fourth at +5 to actually reach to your goal before having started that day.

Makes sense?

Where is the negativity here? These were just basic questions from a person looking to learn how to trade the right way to hopefully make consistent profitable results he could make a living from.

But all i hear is a lot of blah and then more blah.

So if you say you get the +5 Pips 99% of the time so (250/253 trading days a year) that's great. With a little compounding and a starting balance more than a few hundreds you should be billionaire in quite no time...

Let's see some 3 months results of of a live account traded where your target would be to make +5 Pips every day where 1 Pip = 1% (your words). Or just +5 Pips (on average per day, +100% a month) trading your 00-04, 04-08 or what ever else trigger and ended up at +5 Pips for 99% of the times keeping it under a reasonable drawdown of say -30% of the account?

I will donate 1 BTC (42k USD at the time I write) to a charity of your choice. I will post the transaction receipt here in full transparency so everyone can see/read it.
  • #60,675
  • Feb 14, 2022 1:41am Feb 14, 2022 1:41am
Quoting lddd
{quote} Let's see some 3 months results of of a live account traded where your target would be to make +5 Pips every day where 1 Pip = 1% (your words). Or just +5 Pips (on average per day, +100% a month) trading your 00-04, 04-08 or what ever else trigger and ended up at +5 Pips for 99% of the times keeping it under a reasonable drawdown of say -30% of the account? I will donate 1 BTC (42k USD at the time I write) to a charity of your choice. I will post the transaction receipt here in full transparency so everyone can see/read it.
Move on nothing to see, else it won't be under commercial.
  • #60,676
  • Feb 14, 2022 2:55am Feb 14, 2022 2:55am
Quoting lddd
{quote} I actually grasped it from the very first posts. I tried to get some answers to the probably far more important questions instead of where to enter a trade. I think I mentioned several times that trading based on risk to reward is not the way you seem to trade. So that's why I tried to ask how you would otherwise manage, control, limit your risk. I thought that's what professional traders primarily do, I might be wrong. I asked for some concrete numbers so I could at least get the idea of what you going to risk for what you are targeting...
Hello Iddd,

as far as I understand "Make sense?" - No.
Because your assumption is worng - Billytt's trades never ends with a -15 pips or what ever - only by accident (happend in the past by billytts pupils)
In the past Billytt's lotsize was to big to loose - 5 pips mean appr. 5% of his main account, most often - so to make 25% a week.
He always does a counter if it goes the wrong direction - but the secret is at what point in time i.e. how many pips into wrong direction ..
Since Billytt is back here at FF he teaches us how to play with the range to make the daily 5 pips happen, even if we have already countered a bad trade.

so far my understanding - hope this makes sense :-)

Mucky
  • #60,677
  • Feb 14, 2022 2:55am Feb 14, 2022 2:55am
t 08-48
Hi all, i hope everyone has had a good weekend AND IT'S VALENTINES DAY YIPPPPPPPEEEEEEEEEEEEE.

I've already got my 5, but the good thing is, i got lots more.For some reason i had not set the Pc to close lol.i did it manually several minutes later.


The Billy Bar did well but i didnt trade it, it actually broke the 00-00 / 04-00 4 hour low.

we have made over 70 already. I am also finished for the day.
Trade well all.
t 08-55
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,678
  • Feb 14, 2022 2:55am Feb 14, 2022 2:55am
Quoting lddd
{quote} I actually grasped it from the very first posts. I tried to get some answers to the probably far more important questions instead of where to enter a trade. I think I mentioned several times that trading based on risk to reward is not the way you seem to trade. So that's why I tried to ask how you would otherwise manage, control, limit your risk. I thought that's what professional traders primarily do, I might be wrong. I asked for some concrete numbers so I could at least get the idea of what you going to risk for what you are targeting...
Just another ridiculous post although I am now finding you quite entertaining..

Your pattern is:

1. Help me, please, I am newbie (although been on FF since 2009)
2. Ok thanks I need EXACT criteria and the market to do what I want it to when I want it to.
3. Oh no that doesn't work so you are all "Blah, blah"..
4. Oh no I'm sorry I don't want to fall out, I'm a victim...
5. Trolllllllll

I used to give you the benefit of the doubt but you are a manipulative person, it's not a quality to be proud of especially when you are not intelligent enough to use it.

Since you said you were done here and keep coming back, I'm done here until you are gone.
  • #60,679
  • Feb 14, 2022 2:59am Feb 14, 2022 2:59am
Quoting Mucky
{quote} Hello Iddd, as far as I understand "Make sense?" - No. Because your assumption is worng - Billytt's trades never ends with a -15 pips or what ever - only by accident (happend in the past by billytts pupils) In the past Billytt's lotsize was to big to loose - 5 pips mean appr. 5% of his main account, most often - so to make 25% a week. He always does a counter if it goes the wrong direction - but the secret is at what point in time i.e. how many pips into wrong direction .. Since Billytt is back here at FF he teaches us how to play with the...

Thank you bud.
if you have a Method and it fails, do you have a backup method .
IF you keep your eye on the daily range you know how much play you still have.
(I'm not telling you this Mucky, but everyone.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,680
  • Feb 14, 2022 3:36am Feb 14, 2022 3:36am
As i have said many many times, my risk reward on first trade is absolutely terrible.
The good thing i have is a high percent rate of the first trade getting what i want.

This then gets to my second trade or fix, my ROR (Risk of Ruin) is now in my favour.

i have posted many many times, i counter and i add trades . i compound
I use 2 bank rolls, and my main bank roll is massive. but only a fraction is used.

It is all numbers. If you think negative, you become negative .
If you cannot comprehend the idea, it is time to change.
PEACE.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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