Billytt Die happy trading e/j daily breakout | Page 3115 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #62,281
  • Sep 1, 2022 2:51am Sep 1, 2022 2:51am
GU 745 was good, nearly counted. Have a swing on to 1626, lets see..

Edit: might be a good reversal trade in that area/DP too.
  • #62,282
  • Sep 1, 2022 3:09am Sep 1, 2022 3:09am
Long Cable against the daily and 4 hour. Duh !! Getting ready to bail with a few pips. Living dangerously at my age
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every Saint has a past. Every Sinner has a Future
  • #62,283
  • Sep 1, 2022 3:13am Sep 1, 2022 3:13am
Quoting turnip15
Long Cable against the daily and 4 hour. Duh !! Getting ready to bail with a few pips. Living dangerously at my age {image}
ha! could get messy
  • #62,284
  • Sep 1, 2022 4:37am Sep 1, 2022 4:37am
Quoting Fagin
{quote} ha! could get messy
It did. I took my six pips and sat aside. No idea so far of direction or a plan, so will sit it out for now on Cable until US open or tomorrow.
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every Saint has a past. Every Sinner has a Future
  • #62,285
  • Sep 1, 2022 4:41am Sep 1, 2022 4:41am
Quoting turnip15
{quote} It did. I took my six pips and sat aside. No idea so far of direction or a plan, so will sit it out for now on Cable until US open or tomorrow. {image}
Very wise
  • #62,286
  • Sep 1, 2022 4:47am Sep 1, 2022 4:47am
Picked this info up a lllooonggg time ago, think it was from ancient pre christian market sellers...

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It might be interesting to the believers to make their own spreadsheet and use your own risk perameters (based on a 1 to 1 RR).

The magic double is achieved after 7 rounds and 2% initial risk (excluding costs for simplicity).

Hope it helps get the grey matter ticking..
  • #62,287
  • Sep 1, 2022 4:47am Sep 1, 2022 4:47am
Quoting turnip15
{quote} It did. I took my six pips and sat aside. No idea so far of direction or a plan, so will sit it out for now on Cable until US open or tomorrow. {image}
Surprised your good lady hasn't got you gardening !
  • #62,288
  • Sep 1, 2022 4:53am Sep 1, 2022 4:53am
Quoting Fagin
{quote} ha! could get messy
Dax was better as I followed the rules and didn't think I knew better as opposed to poorly thought out Cable trade earlier.
Could argue that I could have got in just after London Open but that usually leads to price crashing about. Note BRN 12700 was not giving up after drive down through previously marked up 12730 level. 12670 broke the rounding structure for a short. Price Probably looking for return to 12700?
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every Saint has a past. Every Sinner has a Future
  • #62,289
  • Sep 1, 2022 4:56am Sep 1, 2022 4:56am
Quoting Fagin
{quote} That's how it's done! Maybe the problem with forex trading is that people seem to get brainwashed by brokers and these forums. It becomes almost like a religion "thou must not or ye will get struck down by the forex gods you noob..."? I am reading another thread for fun about money management and specifically the word we hate to use as it's so misunderstood (begins with M!), the comments and views on there are so wierdly illogical it's quite baffling. So here is something that makes money... no hang on you CAN'T do that it's impossible,...
Hi Bud, i agree entirely, if you trade like the gurus and internet specialists say, you will lose.
They know your every move.
Everything i do goes against what these pros say.lol.
The M word, i know it and i too do not use it.
I can say, i will adjust my lot size, i will add a second trade, as long as i am in control and have my triggers.

Getting back to M, if you have a 50/50 outcome you will always lose unless you win the first time and then stop.
With forex, the market makers play with a loaded dice (die).therefore you can adjust your stake to play at their game.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,290
  • Sep 1, 2022 5:08am Sep 1, 2022 5:08am
Quoting claudia1
{quote} Surprised your good lady hasn't got you gardening !
Did some hoovering after 10 am though
every Saint has a past. Every Sinner has a Future
  • #62,291
  • Sep 1, 2022 5:25am Sep 1, 2022 5:25am
Quoting billytt
{quote} Hi Bud, i agree entirely, if you trade like the gurus and internet specialists say, you will lose. They know your every move. Everything i do goes against what these pros say.lol. The M word, i know it and i too do not use it. I can say, i will adjust my lot size, i will add a second trade, as long as i am in control and have my triggers. Getting back to M, if you have a 50/50 outcome you will always lose unless you win the first time and then stop. With forex, the market makers play with a loaded dice (die).therefore you can adjust your...
Yes, can you imagine a doctor saying to you, sorry Billy this here medicine is deadly if you take it all of the time, we are so stupid we don't know how to give it to you in small doses and for a short period of time until you get your health back. We have it but don't know how to use it so it must be BAD, the mathematicians say so!
  • #62,292
  • Sep 1, 2022 7:35am Sep 1, 2022 7:35am
Quoting Fagin
{quote} Yes, can you imagine a doctor saying to you, sorry Billy this here medicine is deadly if you take it all of the time, we are so stupid we don't know how to give it to you in small doses and for a short period of time until you get your health back. We have it but don't know how to use it so it must be BAD, the mathematicians say so!
Thats spot on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,293
  • Sep 1, 2022 7:36am Sep 1, 2022 7:36am
Quoting turnip15
{quote} Did some hoovering after 10 am though

i have just repaired my Henry hoover, i needed the flexi hose lol. shhhhhhhhhhhhhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,294
  • Sep 1, 2022 8:04am Sep 1, 2022 8:04am
Quoting turnip15
Long Cable against the daily and 4 hour. Duh !! Getting ready to bail with a few pips. Living dangerously at my age {image}
i took it also because of 1.1600 RN-rejection ;-)
trading is like dancing, don't think and just listen to the music!
  • #62,295
  • Sep 1, 2022 8:28am Sep 1, 2022 8:28am
Quoting birdland
{quote} i took it also because of 1.1600 RN-rejection ;-)
If - as I should have done - Looking at the 15 minute and even the hourly/FOUR Hourly chart action one would have seen major problems to the LEFT at 1600/1650 relating to heavy resistance. Thus one should be looking for shorts not Longs from that area.
That's what I should have seen had I bothered to look !
The question marks are cats ? ears - a pattern one sees often if you wait long enough - sucking in longs and smashing them short - naughty "smart money?". I think the big question mark is locating ( for me)an area of entry.
I left the chart after closing my earlier attempt. If I had looked at 10am when I normally finish the UK session I might have recognised the cat ear formation and waited. But there you are - if's and maybe's but instructive maybe.
And no surprise the short hit 15700 which was the earlier low of 15 minutes ( liquidity) ?
Hope you did okay.
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every Saint has a past. Every Sinner has a Future
  • #62,296
  • Sep 1, 2022 9:13am Sep 1, 2022 9:13am
Quoting turnip15
{quote} If - as I should have done - Looking at the 15 minute and even the hourly/FOUR Hourly chart action one would have seen major problems to the LEFT at 1600/1650 relating to heavy resistance. Thus one should be looking for shorts not Longs from that area. That's what I should have seen had I bothered to look ! The question marks are cats ? ears - a pattern one sees often if you wait long enough - sucking in longs and smashing them short - naughty "smart money?". I think the big question mark is locating ( for me)an area of entry. I left the...

i took the rejection for +5. in these moments i just saw the strong very short up trend and the rejection of RN. i was aware of the left problems, but...
trading is like dancing, don't think and just listen to the music!
  • #62,297
  • Sep 1, 2022 10:24am Sep 1, 2022 10:24am
Quoting birdland
{quote} i took it also because of 1.1600 RN-rejection ;-)
Cat's ears every where
Down from 15600 - ish to 15000 -more cat's ears - then up off 15000 ?
Purrfect or not - but I didn't trade it, I'm just watching it along with looking at sections of Stacey Burke videos but Greg Secker is monopolising the Ad breaks - torture.
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every Saint has a past. Every Sinner has a Future
  • #62,298
  • Sep 1, 2022 1:36pm Sep 1, 2022 1:36pm
Quoting turnip15
{quote} Cat's ears every where Down from 15600 - ish to 15000 -more cat's ears - then up off 15000 to 15500? Purrfect or not - but I didn't trade it, I'm just watching it along with looking at sections of Stacey Burke videos but Greg Secker is monopolising the Ad breaks - torture. {image}
@birdland

Got there eventually
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every Saint has a past. Every Sinner has a Future
  • #62,299
  • Sep 2, 2022 12:11am Sep 2, 2022 12:11am
Quoting turnip15
{quote} @birdland Got there eventually {image}
the MMs are always bringing it back to the breaklevels where the gap is.
trading is like dancing, don't think and just listen to the music!
  • #62,300
  • Sep 2, 2022 1:09am Sep 2, 2022 1:09am
Hi all, last day of the trading week. So lets go for it.

Cable, yesterdays daily range =118 against an adr =115.
Today. adr =123. the 00-00 4 hour bar range = 22 and nothing happening yet.

t 07-09
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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