Billytt Die happy trading e/j daily breakout | Page 3134 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #62,661
  • Oct 14, 2022 11:56am Oct 14, 2022 11:56am
Quoting Fagin
Have a superstar weekend all! https://youtube.com/shorts/NNmVru5ZAiI?feature=share
Originally sang by a rock band.
Anita's version is far better.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,662
  • Oct 14, 2022 11:57am Oct 14, 2022 11:57am
Have a good weekend all.
Yabba dabba dooooo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,663
  • Oct 17, 2022 2:11am Oct 17, 2022 2:11am
t 08-10
Hi all, i hope you all had a good weekend.
I did AND it was my birthday yesterday. I also had a quiet day lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,664
  • Oct 17, 2022 2:13am Oct 17, 2022 2:13am
t 08-11
Cable. the 07-45 15 minute bar high broke for 1% and a bit.
Hopefully do it again when this 08-00 to 08-15 bar closes.
Trade well all.
t 08-12.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,665
  • Oct 17, 2022 3:00am Oct 17, 2022 3:00am
Quoting billytt
t 08-11 Cable. the 07-45 15 minute bar high broke for 1% and a bit. Hopefully do it again when this 08-00 to 08-15 bar closes. Trade well all. t 08-12.
Attached Image (click to enlarge)
Click to Enlarge Name: Billy Birthday Bar.png Size: 8 KB
Did your 8am bar bring you a 2nd pressy
Happy Birthday mate.
  • #62,666
  • Oct 17, 2022 3:29am Oct 17, 2022 3:29am
Quoting binnie
{quote} {image}Did your 8am bar bring you a 2nd pressy Happy Birthday mate.

Hi Binnie, the 08-00 15 min bar was good. it dropped for my %% <<<< i actually got more than 1 pip. lol
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,667
  • Oct 17, 2022 5:58am Oct 17, 2022 5:58am
Not every break of the 15 minute ( 6:45am) bar on the Dax works out of course
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Click to Enlarge Name: GER30_2022-10-17_11-56-17_5e16c.png Size: 143 KB
every Saint has a past. Every Sinner has a Future
  • #62,668
  • Oct 17, 2022 6:04am Oct 17, 2022 6:04am
Quoting turnip15
Not every break of the 15 minute ( 6:45am) bar on the Dax works out of course {image}
it has been known to happen.
Not everything is hunk dory,,,,, pink n fl
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,669
  • Oct 17, 2022 7:07am Oct 17, 2022 7:07am
[quote=turnip15;14183053]Not every break of the 15 minute ( 6:45am) bar on the Dax works out of course {image}[/quotey
Best way to trade Dax (for me) is to stick orders in at 06.45 both ways. Tight stop and get out before London open with around + 10 or so. Each to their own of course.
  • #62,670
  • Oct 17, 2022 7:40am Oct 17, 2022 7:40am
[quote=claudia1;14183170]
Quoting turnip15
Not every break of the 15 minute ( 6:45am) bar on the Dax works out of course {image}[/quotey Best way to trade Dax (for me) is to stick orders in at 06.45 both ways. Tight stop and get out before London open with around + 10 or so. Each to their own of course.
sounds like a good plan. yaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,671
  • Oct 17, 2022 10:01am Oct 17, 2022 10:01am
This might sound a amateur question.

But when the ADR high/low lines are shown for start of the day. Are these lines fixed or do they re-calibrate as new lows and highs are formed?
  • #62,672
  • Oct 17, 2022 10:11am Oct 17, 2022 10:11am
They re-calibrate as new highs/lows are created.
  • #62,673
  • Oct 17, 2022 10:14am Oct 17, 2022 10:14am
Just watching a Parliamentary debate initiated by Labour in the hope that Mrs Truss would answer questions on her ping pong budget. But Liz Truss couldn't attend due to an important meeting !!!
Unsurprisingly her absence has been noted by various speakers from various parties. "Chicken" was one. phrase used; "cowardly" another. Not a good start.
every Saint has a past. Every Sinner has a Future
  • #62,674
  • Oct 18, 2022 4:17am Oct 18, 2022 4:17am
Billy just a question…… I don’t know how you had the patience always explaining but hey ho.

I have been looking at 6.45 15 min break out. Why the 6.45 because I can make bank before work at 8.00 and so I got a little bit time to fix a fail.

anyways I spent last night looking at the 15 min bar and it looks good. Generally bar sizes are nice and smaller so a little bit easier to sort a fix. I normally draw my breakout lines 1 pip above and below just helps Identify actual breakout. Sometimes I can jump in too early for like half a pip for price to reverse.

Target +5

i would place first break for + 1 position. If I get fail then opposite side +2 and you can continue to add +2 each side when in a range aslong as we are 1 lot more on the right side of the break. This way we can get the fix and most time a nice little extra as I notice once it has direction price moves quicker and as you say we know chance is it will go to ADR high or low so we know we can have a little chunk of that. So need to worry about the fix.

When back testing I saw in July there was 4 fails before either side of the break. Now to make decent money so In total that would be 7 lots. Now to make decent money you would need a fairly big account to meet margin requirements. I’m doing this of IG. So just 1 lot I’m £5 pound richer which does get me sausage roll and latte from Greggs. However this doesn’t feed my soul

Is there any brokers which you would suggest for lower capital and to grow account quickly for a small account
  • #62,675
  • Oct 18, 2022 5:32am Oct 18, 2022 5:32am
Quoting RieseP
Billy just a question…… I don’t know how you had the patience always explaining but hey ho. I have been looking at 6.45 15 min break out. Why the 6.45 because I can make bank before work at 8.00 and so I got a little bit time to fix a fail. anyways I spent last night looking at the 15 min bar and it looks good. Generally bar sizes are nice and smaller so a little bit easier to sort a fix. I normally draw my breakout lines 1 pip above and below just helps Identify actual breakout. Sometimes I can jump in too early for like half a pip for price to...
IG are as good as anybody - spread 0.9 on cable during normal hours. They pay out promptly too. Hope that helps.
  • #62,676
  • Oct 18, 2022 5:36am Oct 18, 2022 5:36am
Quoting RieseP
Billy just a question…… I don’t know how you had the patience always explaining but hey ho. I have been looking at 6.45 15 min break out. Why the 6.45 because I can make bank before work at 8.00 and so I got a little bit time to fix a fail. anyways I spent last night looking at the 15 min bar and it looks good. Generally bar sizes are nice and smaller so a little bit easier to sort a fix. I normally draw my breakout lines 1 pip above and below just helps Identify actual breakout. Sometimes I can jump in too early for like half a pip for price to...
I honestly think that IG are the best , but the margin is still ridiculously high, same with Spreadex and CMC.
Fortunately i have the bank to hold the margin.
Having several counters running will add up. But like i say , we can still use a stop.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,677
  • Oct 18, 2022 5:38am Oct 18, 2022 5:38am
t 11-36
Cable, both the 07-45 and 08-00 15 min bar break were good.
Low broke both bars, for a nice %%% return, the 08-00 was really goos as the 08-00 bar actually bust through the 00-00 4hr range. Yaaaaaaaaaay
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,678
  • Oct 18, 2022 5:39am Oct 18, 2022 5:39am
Quoting billytt
{quote} I honestly think that IG are the best , but the margin is still ridiculously high, same with Spreadex and CMC. Fortunately i have the bank to hold the margin. Having several counters running will add up. But like i say , we can still use a stop. Trade Well.
Ok but how would apply a SL that works?
  • #62,679
  • Oct 18, 2022 5:43am Oct 18, 2022 5:43am
IG offer a guaranteed stop - they charge for it. Personally don't use a stop but I'm in front of the pc when trading.
  • #62,680
  • Edited 6:02am Oct 18, 2022 5:50am | Edited 6:02am
Quoting claudia1
IG offer a guaranteed stop - they charge for it. Personally don't use a stop but I'm in front of the pc when trading.
What’s a guarantee stop loss? Say -£500 in red closed all trades?

I was trying to ask billy would would he recommend as a stop loss in order to profit over concession of trades.

I will do some backtesting on 5 TP and 5 SL and 10 SL see what’s it look like. Personally I think counters work the best but again large margins required
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