Billytt Die happy trading e/j daily breakout | Page 3041 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,801
  • Feb 18, 2022 1:49am Feb 18, 2022 1:49am
Quoting Fagin
{quote} I see, so the 40 is like a no mans land, but either side of it is attack. I guess it's like a dynamic mother bar that can adjust through out the day?
F,,, look at Dax now, i havent put exact marks on chart. we had a short at 1 , (possible +20) a fail at 2 minus 40, then it dropped .(this is real trading) minus 40 and then 3 upit went and 4 down, pips galore.
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,802
  • Feb 18, 2022 1:49am Feb 18, 2022 1:49am
Quoting billytt
{quote}[/highlight] have you read my folder????? lol something like that, and it can be adjusted throughout the day. Look at cable right now, dont forget we are getting short ranges quite often, try a 30 range see what happens. But i must say , i am not advising you or anyone else to do this, it does get whip, it does fail. It is how you manage the trade. t 07-42
Ha! Sneaked in last night and took a copy

Think the key to this is not be greedy, a fail averaged over a few trades could be manageable. Time to get the darts and calculator out.. fancy some more Jim Bowen later?
  • #60,803
  • Feb 18, 2022 5:50am Feb 18, 2022 5:50am
Thanks for your help this week Billy, appreciate it

Hope you've got this one down for practice..!

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  • #60,804
  • Feb 18, 2022 8:40am Feb 18, 2022 8:40am
we have a lot of trees down in the Forest.

i almost forgot. the 20 -00 to 00-00 4 hour bar.
chart is showing wed and thur 20-00 bar
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showing signs that ££££ can be made off the break.

edit. 1= the 20-00 bar.
x = the break. the first bar made 14/15 and the 2nd bar made approx 8/9 then high broke for more.
Just saying. i didnt trade them
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,805
  • Feb 18, 2022 9:00am Feb 18, 2022 9:00am
"My logical newbie conclusion to this trend following stuff is this. You see the trend if the trend is over and it by no mean helps you to enter in direction of the trend if this trend at the point you decide to finally place the order starts to turn the other way"

This is my last answer, ever. First and foremost, stop taking potshots at others to make yourself feel better about being a loser in the market.....it comes across as being an asshole.
Second point is that, in fact you are anything but a newbie.....you told me that you have spent 10 years at this. If you have in deed spent 10 years at this, then you have wasted a lot of time and learned nothing.
Thirdly, there are many people, myself included that can see a trend on a chart as it is developing, most kindergarten kids can do the same once they are shown how to do it. Trends are TIMEFRAME DEPENDANT. Why can you not get that through your head? It is the most basic concept that you can learn in the study of markets. This is something you should have learned 9.9 years ago when reading your very first book on markets.
Fourth, NO ONE has to prove anything to you and they will most certainly not show you any of their financial records. Think about how utterly silly that sounds for you to ask a stranger for that information.
Last but most important of all, you have stated on these forums and to me in email that you want someone to give you a set of rules that applies to 1 instrument only, exact entry and exit criteria, a method to fix any bad trade, and a guarantee of 5% a month. I might be the only one here that thinks this way, but in my opinion this might quite possibly be the dumbest thing I have ever read...literally.
One last time....if this did exist as you imagine it....I am pretty sure they wouldn't be here on FF to give it to you for FREE !!
Go find a method that works for you and stop berating others and their methods...PLEASE

So there you have it...... sorry to clog up your thread Billy but some things just need to be said
Plan, Prepare, Execute, Repeat
  • #60,806
  • Feb 18, 2022 9:16am Feb 18, 2022 9:16am
[quote=swingtrade65;13902454]"My logical newbie conclusion to this trend following stuff is this. You see the trend if the trend is over and it by no mean helps you to enter in direction of the trend if this trend at the point you decide to finally place the order starts to turn the other way" This is my last answer, ever. First and foremost, stop taking potshots at others to make yourself feel better about being a loser in the market.....it comes across as being an asshole. Second point is that, in fact you are anything but a newbie.....you told me that you have spent 10 years at this. If you hav

erm erm I am speechless ST. but thank you for the rant
You are correct what you say and thank you ........
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,807
  • Feb 18, 2022 9:53am Feb 18, 2022 9:53am
Have a good weekend all:
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every Saint has a past. Every Sinner has a Future
  • #60,808
  • Feb 18, 2022 9:55am Feb 18, 2022 9:55am
Quoting turnip15
Have a good weekend all: https://www.youtube.com/watch?v=87HLlfwIrmY
Hi Mr T, thank you for the music.
You too have a good weekend.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,809
  • Feb 18, 2022 10:16am Feb 18, 2022 10:16am
Have a good weekend all, off Monday, I'll drop by Tuesday.

Cheers
  • #60,810
  • Feb 18, 2022 10:41am Feb 18, 2022 10:41am
Quoting Fagin
Have a good weekend all, off Monday, I'll drop by Tuesday. Cheers
You too bud, and everyone have a good weekend.
ITS FRIIIIIIIIIIDAYYYYYYYYYYYYYYYYYY. YAAAAAAAAAAAAAAAAAAAAAAAAAAAY.
3 DAYS AND 3 BANDS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,811
  • Feb 18, 2022 10:54am Feb 18, 2022 10:54am
Quoting swingtrade65
"My logical newbie conclusion to this trend following stuff is this. You see the trend if the trend is over and it by no mean helps you to enter in direction of the trend if this trend at the point you decide to finally place the order starts to turn the other way" This is my last answer, ever. First and foremost, stop taking potshots at others to make yourself feel better about being a loser in the market.....it comes across as being an asshole. Second point is that, in fact you are anything but a newbie.....you told me that you have spent 10 years...
Bravo!!! Couldn't have said it better. Certainly mine would have contained more swear words...
  • #60,812
  • Feb 18, 2022 10:54am Feb 18, 2022 10:54am
Quoting swingtrade65
"My logical newbie conclusion to this trend following stuff is this. You see the trend if the trend is over and it by no mean helps you to enter in direction of the trend if this trend at the point you decide to finally place the order starts to turn the other way" This is my last answer, ever. First and foremost, stop taking potshots at others to make yourself feel better about being a loser in the market.....it comes across as being an asshole. Second point is that, in fact you are anything but a newbie.....you told me that you have spent 10 years...
watch out, this guy is a scam.

he told me that he would transfer me 42k or more if i give him my whatsapp number and an approach to successfully earn 5% daily.

or i should manage it for him. just sad and desperate. after 10 years i can even understand him....
trading is like dancing, don't think and just listen to the music!
  • #60,813
  • Feb 18, 2022 10:58am Feb 18, 2022 10:58am
i am trying something new and this week was quite challenging. but the patience was rewarded today.
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trading is like dancing, don't think and just listen to the music!
  • #60,814
  • Feb 18, 2022 11:34am Feb 18, 2022 11:34am
Quoting birdland
{quote} watch out, this guy is a scam. he told me that he would transfer me 42k or more if i give him my whatsapp number and an approach to successfully earn 5% daily. or i should manage it for him. just sad and desperate. after 10 years i can even understand him....
You have an area with a high and a low.
High breaks,go long, short breaks, go short.
Watch the daily range.
Ideally this area doesn't get much whip/consolidation.
It can/does fail, so you repeat. And voila,, kerching 42k.
That's all you need...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,815
  • Feb 18, 2022 11:35am Feb 18, 2022 11:35am
Quoting birdland
i am trying something new and this week was quite challenging. but the patience was rewarded today. {image}
Bravo for trying.
Bravo for showing room.
If I give you 42k, will you show me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,816
  • Feb 18, 2022 11:42am Feb 18, 2022 11:42am
T 17-39
We are smack on 70.
Funny thing is, I'd been out and around 3ish I noticed cable had broken the 00-00 4hr low, and also daily range was Short. I jokingly said to gf, watch it drop and it did.
I just watched.
Have a good weekend all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,817
  • Feb 18, 2022 11:58am Feb 18, 2022 11:58am
Quoting billytt
{quote} Bravo for trying. Bravo for showing room. If I give you 42k, will you show me
hahaha, lol, let's wait a few months and see how it develops. from time to time i try something new, i need this creative process.
trading is like dancing, don't think and just listen to the music!
  • #60,818
  • Feb 18, 2022 12:12pm Feb 18, 2022 12:12pm
Quoting billytt
{quote} LOL. I'm on my mobile so hard to explain. Use 50 if you want. This is similar to how my bot works. (similar). We have open at 00-00, if it drops, short at 40, or if it goes up 40 go long. So it's gone long and makes 40 so we are long. If it then drops we short at 40 points from the highest high or vice versa. We are hunting the daily range. At the moment cable isn't stable, ie, 50, 60 ranges. Its up to you how you deal with money management. I use 40 if a short range might happen. I use 60 when we have usual range of 100/120+. It works,...
Hi Billy,

I was reading your answer with interest, as I've been testing a similar idea, i.e. taking a limit order once a certain expansion from the DO has been reached. I've done a few bots with that base idea. One difference (apparently) is that I'm taking the opposite range, from the DO, as a SL & reverse (my range would probably be smaller than yours). Instead of a fixed pip distance from the current day's high / low, depending on direction.
In your experience, when you do reverse (say it's gone up 40 pips, and now retraced 40pips so back to the DO. You're saying you would theoretically reverse at this point? It seems intriguing, as the DO level can be tested a few times, say during Asian session or even after Ldn open, before confirming the original direction. If that's the case and I understood your explanation correctly, do you then (still in the case of a reversal) close original position at a loss & reverse with the same size? Or different size? Or leave the initial position open & take the 2nd as a hedge?

Thanks for clarifying
  • #60,819
  • Feb 18, 2022 1:33pm Feb 18, 2022 1:33pm
Quoting swingtrade65
If you have in deed spent 10 years at this, then you have wasted a lot of time and learned nothing. Thirdly, there are many people, myself included that can see a trend on a chart as it is developing, most kindergarten kids can do the same once they are shown how to do it. Trends are TIMEFRAME DEPENDANT.
Can't you stay factual? I haven't said anything like that.

You don't have to attack me or disclose whether or not i emailed you. Is that your level? You're talking about kindergarten kids, have you looked in the mirror today?

I said I am involved into trading for more than 10+ years. That doesn't mean I spent all that time trading, learning or even thinking about it.

I tried to explain to you in friendly words why I am not convinced about trading in the way of reading price charts like you tried to teach me. I don't believe your way of trading is the only and correct way to make money in the markets. If that is what works for YOU, great. Be happy.

What I said is that a trend to ME makes no sense because you will only see it once visible to your chart and that is when it's over. You are otherwise correct that there can be different trends over multiple timeframes. But again you can only see this in hindsight.

You can perform a top down analysis and switch through different time frames over 28 forex pairs to find an entry and still end up actually having no clue what will happen next. I prefer to keep things rather simple and if there is a way I can reach my goal of making a living from trading without having to do that, fine. If not that's okay too, time will tell.

You're taking things totally out of context like a lot of the other wannabe professionals here but have nothing to proof instead of making big speeches...

I also NEVER said I believe to be able making a living from 5% by only trading one and the same setup for one forex pair. Try reading between the lines.

Now you can continue to apply with self-praise among each others by pressing the like buttons to your posts.

Many here seem to be obsessed with looking successful instead of actually being successful.

Here is one more chart for you to analyze (just in case you get bored again).

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  • #60,820
  • Feb 18, 2022 4:33pm Feb 18, 2022 4:33pm
Into the weekend...

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