Billytt Die happy trading e/j daily breakout | Page 3148 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #62,941
  • Nov 22, 2022 1:43am Nov 22, 2022 1:43am
Quoting claudia1
{quote} Be careful with the 4 hour bar. What you see will more than likely be different to Billy due to location/time zone. Hope that makes sense.
Thank you Claudia..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,942
  • Nov 22, 2022 1:48am Nov 22, 2022 1:48am
Quoting ordosgoitia
{quote} Hi Billy how are you. When you say 00.00 breakout is the best, you mean 00-04? When you open a trade. What stop and to you use. I readed this forum, but I don't find this answer clear. And can you explain how you compound your profits daily?
t 07-47 uk
Hello and welcome O.
Sorry for the late response but i had to go out on a mission.
Correct, 00-00 bar/candle is the 00-00 to 04-00 candle, the 4 hour candle UK time. it opens 8 hours before the uk market open and closes 4 hours before the uk market open. I hope this helps.
As Claudia pointed out, check your chart supplier so you are 100% in sync.
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,943
  • Nov 22, 2022 2:12am Nov 22, 2022 2:12am
t 08-10

Cable. my 07-45 15 minute bar high broke and failed, so now short and fixing.
currently running at minus 14, plus i have my 1% .
t 08-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,944
  • Nov 22, 2022 2:50am Nov 22, 2022 2:50am
Quoting billytt
t 08-10 Cable. my 07-45 15 minute bar high broke and failed, so now short and fixing. currently running at minus 14, plus i have my 1% . t 08-12
7.45 high broke, i went long, it came down, added to long, low broke, went short, price went up so closed long and added short, then price came down, closed short. in total got 30+pips.
think it depends more on managing risk. Price will give you opportunity to enter and exit, but if you are within the risk, you can make it, else blow acc.
  • #62,945
  • Nov 22, 2022 3:07am Nov 22, 2022 3:07am
Quoting dineshydv
{quote} 7.45 high broke, i went long, it came down, added to long, low broke, went short, price went up so closed long and added short, then price came down, closed short. in total got 30+pips. think it depends more on managing risk. Price will give you opportunity to enter and exit, but if you are within the risk, you can make it, else blow acc.
Hi , You did well.
I no longer add to a (fail) i did a long time ago.
i counter/hedge and trade each break as a new trade . <<<<< that is contradictory plus i always get my 1% first.
Today looked messy but i stick to my method and when i have a fail, i always make more fixing. Yaaaaaaaaaaaaaaaaaaaaay,
trade well you had a good one .
t 09-07
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,946
  • Nov 22, 2022 3:24am Nov 22, 2022 3:24am
Quoting billytt
{quote} Hi , You did well. I no longer add to a (fail) i did a long time ago. i counter/hedge and trade each break as a new trade . <<<<< that is contradictory plus i always get my 1% first. Today looked messy but i stick to my method and when i have a fail, i always make more fixing. Yaaaaaaaaaaaaaaaaaaaaay, trade well you had a good one . t 09-07
so do you close previous failed trade when opening new trade? if so, then to counter loss, you might have to increase your size...
yeh, today was messy, otherwise on normal days, its clean break on side allowing more pips to capture..
  • #62,947
  • Nov 22, 2022 4:29am Nov 22, 2022 4:29am
Quoting dineshydv
{quote} so do you close previous failed trade when opening new trade? if so, then to counter loss, you might have to increase your size... yeh, today was messy, otherwise on normal days, its clean break on side allowing more pips to capture..
i always make my 1% even when fixing.
Once i am in profit everything gets closed down.
Yes i do increase size sometimes , but like i said i counter/hedge and count these trades as separate.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,948
  • Nov 22, 2022 10:45am Nov 22, 2022 10:45am
t 16-43
another quiet day. my earlier fail was fixed ,i got my % plus a bit more.
Lets do it again tomorrow. i haven't looked at Dax all day so i have no idea what has happened.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,949
  • Nov 22, 2022 10:50am Nov 22, 2022 10:50am
AND look at the 6:45am bar on the Dax today ( Yes - you look it up). It was a real pip maker that made up for any not so fantastic days recently.
every Saint has a past. Every Sinner has a Future
  • #62,950
  • Nov 22, 2022 11:14am Nov 22, 2022 11:14am
Quoting turnip15
AND look at the 6:45am bar on the Dax today ( Yes - you look it up). It was a real pip maker that made up for any not so fantastic days recently.
Got to be careful taking trades pre-market open due to high spreads, but it is a good thing to trade. As said before I'm putting orders in both ways.
  • #62,951
  • Nov 23, 2022 12:35am Nov 23, 2022 12:35am
billy, if i understand you correctly, you make between 2-3% a day, so 10-15% in the week.

yesterday you had to fix a fail and after an initial -14% you still turned the day around in the plus. so you made up at least +15% from the low!

Wouldn't it be logical and smart to only make a fixing trade once or twice a week and thus reach 15-30% with less effort?

or have I overlooked something?
trading is like dancing, don't think and just listen to the music!
  • #62,952
  • Nov 23, 2022 1:37am Nov 23, 2022 1:37am
Quoting birdland
billy, if i understand you correctly, you make between 2-3% a day, so 10-15% in the week. yesterday you had to fix a fail and after an initial -14% you still turned the day around in the plus. so you made up at least +15% from the low! Wouldn't it be logical and smart to only make a fixing trade once or twice a week and thus reach 15-30% with less effort? or have I overlooked something?
Hi bud, Your post is one of the best posts i have ever read on FF.
It makes a lot of sense BUT NOT FOR ME, horses for courses.

I could also add,,i actually trade my trade five times higher than i should due to compounding. i stuck at 5 times due to the massive margin required.
Plus, we do not know what will happen tomorrow.
Brilliant post, Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,953
  • Nov 23, 2022 1:49am Nov 23, 2022 1:49am
Quoting billytt
{quote} Hi bud, Your post is one of the best posts i have ever read on FF. It makes a lot of sense BUT NOT FOR ME, horses for courses. I could also add,,i actually trade my trade five times higher than i should due to compounding. i stuck at 5 times due to the massive margin required. Plus, we do not know what will happen tomorrow. Brilliant post, Trade Well.
Come on, it's an average post!

But as I understand it, you'd rather have your experience of success every day than only once or twice a week;-)
trading is like dancing, don't think and just listen to the music!
  • #62,954
  • Nov 23, 2022 2:15am Nov 23, 2022 2:15am
Quoting birdland
{quote} Come on, it's an average post! But as I understand it, you'd rather have your experience of success every day than only once or twice a week;-)
Correct, 100% .
You did make a good post , it shows you can figure things out. it is called trading.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,955
  • Nov 23, 2022 2:42am Nov 23, 2022 2:42am
t 08-39 uk.
Cable, both my 07-45 and 08-00 15 minute bar breaks where good. Low broke on both for %%.

Lets watch this 08-00 15 minute bar/candle plus the 00-00 to 04-00 4 hour candle.
See what happens in relation to the daily range.
daily range so far is 40.
Trade well All.
t 08-42
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,956
  • Nov 23, 2022 2:49am Nov 23, 2022 2:49am
t 08-47
Dax. the 06-45 bar . the high actually triggered then price dropped for a good handful.
the 07-45 bar. high broke for a few points and then dropped like a stone.yaaaaaaaaaaaay. i was only looking.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,957
  • Nov 23, 2022 3:18am Nov 23, 2022 3:18am
Quoting billytt
t 08-39 uk. Cable, both my 07-45 and 08-00 15 minute bar breaks where good. Low broke on both for %%. Lets watch this 08-00 15 minute bar/candle plus the 00-00 to 04-00 4 hour candle. See what happens in relation to the daily range. daily range so far is 40. Trade well All. t 08-42
40, what a low range these days...
trading is like dancing, don't think and just listen to the music!
  • #62,958
  • Nov 23, 2022 3:41am Nov 23, 2022 3:41am
Quoting birdland
{quote} 40, what a low range these days...
It is quite early in the day.
Yesterday was 80 <<< low, previous 109,,,92,,,195,,,111,,,288,,,119 .
We shall watch what happpens.
t 09-41
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,959
  • Nov 23, 2022 3:46am Nov 23, 2022 3:46am
t 09-45 uk.
Cable has just broke the 08-00 15 min bar high and also the 00-00 4 hr bar high.
i'll add chart later.
i am not trading this.
t 09-46
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,960
  • Nov 23, 2022 4:16am Nov 23, 2022 4:16am
Quoting billytt
t 09-45 uk. Cable has just broke the 08-00 15 min bar high and also the 00-00 4 hr bar high. i'll add chart later. i am not trading this. t 09-46
T 1013 uk
Cable 15 min chart just copied..
4= the 00-00 to 04-00 4 hour range.
1 = the 07-45 15 minute candle.
2 = the 08-00 15 minute candle.

My point i make is, the 08-00 candle uk market open , low broke and then the high broke.
Lets see more. the daily range is 64 approx.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 23 11 A.png Size: 8 KB
t 10-16
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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