Billytt Die happy trading e/j daily breakout | Page 3037 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,721
  • Feb 15, 2022 3:43am Feb 15, 2022 3:43am
Cable, Daily.
we had the low break of the consolidated area yesterday. (Claudias baby) but obviously it went back up,but dropped again.
It will go big time when it goes. That is the easy part lol
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,722
  • Feb 15, 2022 4:35am Feb 15, 2022 4:35am
Quoting billytt
Cable, Daily. we had the low break of the consolidated area yesterday. (Claudias baby) but obviously it went back up,but dropped again. It will go big time when it goes. That is the easy part lol {image}
maybe the rise this morning was a fake break to the upside.
trading is like dancing, don't think and just listen to the music!
  • #60,723
  • Feb 15, 2022 5:00am Feb 15, 2022 5:00am
Quoting birdland
{quote} maybe the rise this morning was a fake break to the upside.
Time will tell.
i do not normally speak trading, ie trend stuff .
I just need a line to break and follow the market makers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,724
  • Feb 15, 2022 5:59am Feb 15, 2022 5:59am
t 11-57 cable 1 hour chart just copied.
we are back in th 00-00 4 hour bar range. so far today range is approx 40.

we have plenty to play with, the bias is still long at the moment.
if it drops soon i will short. But as the day moves, i tend not to trade .
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,725
  • Feb 15, 2022 6:54am Feb 15, 2022 6:54am
Red news at 1330... inflation report might give it a pop..
  • #60,726
  • Feb 15, 2022 7:03am Feb 15, 2022 7:03am
Quoting billytt
{quote} Time will tell. i do not normally speak trading, ie trend stuff . I just need a line to break and follow the market makers.
who says you will follow the market makers by entering at the lines you have drawn.

GU is just not moving again today. I more and more tend to believe its probably not the right asset to day trade, even not for a hand full or pips.

Look at all this up and down mess it created so far just for today and you even say you normally do not trade or even look while New York opens.

I would love to see some of these magic fixing but I guess this is never going to happen.

Assuming a 70 Pips daily range at a bare minimum giving you room to fix a first failed trade but as TooSlow already provided statistics GU had less of a range for the complete last 12 months for 30% or the time. So you are then can be only happy/lucky not to have traded at all while these days happened?

Wouldn’t it make more sense to look for what amount of min. range something is moving for a 100% of the time so you at least don’t get surprised for 1/3 of your year. I mean if such fixing is the biggest part or what makes you profitable in the end and therefore you need at least some movement without having it consolidating in a 30 pips range for sometimes half the day.

For sure you then have the counters so a loss is never a loss :-)
  • #60,727
  • Feb 15, 2022 7:13am Feb 15, 2022 7:13am
Quoting swingtrade65
{quote} I'm not going down that rabbit hole with you any more As long as you continue using a microscope to look for an elephant, you will ALWAYS come up empty. If you ever come to understand what that really means, you will start to make some money from the markets.
Thats fair.

Like said. I am just not convinced about that the ability or reading price charts from left to right (in the way you think it’s right but who knows…) is the only way to make money from trading. I actually believe it has to do with things far away from this.

There are people here able to make a living from 5 pips scalping without having to care about the bigger picture, trend and zooming out all day on a bunch of different charts. So either they are all full or shit or there is perhaps a way.

Try asking Billy how he is doing that, good luck

Ok time for a coffee… Don’t take my words too serious right, have a good day!
  • #60,728
  • Edited 7:59am Feb 15, 2022 7:30am | Edited 7:59am
Quoting lddd
{quote} who says you will follow the market makers by entering at the lines you have drawn. GU is just not moving again today. I more and more tend to believe its probably not the right asset to day trade, even not for a hand full or pips. Look at all this up and down mess it created so far just for today and you even say you normally do not trade or even look while New York opens. I would love to see some of these magic fixing but I guess this is never going to happen. Assuming a 70 Pips daily range at a bare minimum giving you room to fix a first...
toom much info.. edited it out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,729
  • Edited 7:48am Feb 15, 2022 7:34am | Edited 7:48am
Here's a chart. So maybe some of the counter trading professional could tell me what to do to now fix my 40 Pips floating loss? ...

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Edit. My setup range of the 08-09 UK time slot btw was abnormal big again. However using my rather mechanical approach without trying to read the hole chart picture from left to right or even start jumping through all different time frames before (and still could have ended up in a loss) I would have instead entered at the line break (trusting in statistical probabilities instead to play out over time) trying to make +15 or lose -15.

So today this would have resulted in a -15 Pips loss so far or -1,5% trading 0,10% per Pip not 1%. I would now allow myself to place a second entry at the low of that range going short on a second entry (if happens) trying to make +15 again until the day is over. So i would then either end up about break even or -3% and then stop (limiting risk for the day)

But yeah, you then have things not even moving and I am not even sure when or if at all it will cross the low of the range until the day is over...
  • #60,730
  • Feb 15, 2022 7:45am Feb 15, 2022 7:45am
If you have a trade and it fails, you next trade off a trigger.
This can be the trigger as your failed trade , so perhaps trade the following day OR HAVE ANOTHER TRIGGER.
If you have another trigger it has to have good stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,731
  • Feb 15, 2022 8:48am Feb 15, 2022 8:48am
Quoting billytt
{quote} t 09-24 it is still rising.
Sorry for late reply: 5 Minute chart.
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every Saint has a past. Every Sinner has a Future
  • #60,732
  • Feb 15, 2022 8:48am Feb 15, 2022 8:48am
i feel better already.
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,733
  • Feb 15, 2022 8:57am Feb 15, 2022 8:57am
Quoting billytt
i feel better already. {image}
Peace and quiet where I am
  • #60,734
  • Feb 15, 2022 9:01am Feb 15, 2022 9:01am
The shit's moving now, unfortunately I'm not onboard.
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Wow! I've got some experience to gain.
  • #60,735
  • Feb 15, 2022 9:02am Feb 15, 2022 9:02am
Quoting Lawnman
The shit's moving now, unfortunately I'm not onboard. {image}
same here but i had stopped.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,736
  • Feb 15, 2022 9:07am Feb 15, 2022 9:07am
Quoting billytt
t 11-57 cable 1 hour chart just copied. we are back in th 00-00 4 hour bar range. so far today range is approx 40. we have plenty to play with, the bias is still long at the moment. if it drops soon i will short. But as the day moves, i tend not to trade . {image}
i did say i would short soon, it did drop to break low <But is wasnt soon, it was late.
So i did not trade it , look what happened, it moved back up to break high and then dropped down to break low and kept going.

I could of traded that and fixed it , we had plenty of movement , right now it has made just over 80.
Look at the bleedin chart, small ranges are always busted , even if it takes the next day.
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black 70 range vertical adjusted to highest high and lowest loe.
t 15-07
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,737
  • Feb 15, 2022 10:02am Feb 15, 2022 10:02am
interesting day.

on H1 we had a big bar on the upside and one on the downside.
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trading is like dancing, don't think and just listen to the music!
  • #60,738
  • Feb 15, 2022 10:12am Feb 15, 2022 10:12am
Quoting birdland
interesting day. on H1 we had a big bar on the upside and one on the downside. {image}
yesterday we had a bear candle on uk open and today it was a bull cande.
Bear candle yesterday was almost the same level as the bear bar today.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,739
  • Feb 15, 2022 10:38am Feb 15, 2022 10:38am
Quoting Lawnman
The shit's moving now, unfortunately I'm not onboard. {image}
And up again :-)

I am still short but now also long because of the counter long positions I placed today.

The volatility is like watching the grass grow.

You then have every second candle changing color/direction until everyone is finally stopped out (whip/consolidation) and then you get a sudden move hopefully a little larger until it then consolidates again and the show starts again.

Now as I know we are technically still in a downtrend on GBP/USD, I will hold on to my shorts until they maybe one day would have reached the 340
profit target. It still doesn’t solve what to do with my longs I placed to temporary limit my risk.

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  • #60,740
  • Feb 15, 2022 12:19pm Feb 15, 2022 12:19pm
I wonder how people make money using no leverage at all trading a single currency pair, so 1:1.

You would have first needed to perfectly time buying the bottom and selling the top again or vice versa to then make a stunning 8.2% having waited a year for it.

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