Billytt Die happy trading e/j daily breakout | Page 3170 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #63,381
  • Mar 9, 2023 9:17am Mar 9, 2023 9:17am
Quoting turnip15
The Dax today if anyone is interested Claudia's four hour boxes. {image}
It has been a good week - 100% wins so far off 7 trades.
  • #63,382
  • Mar 9, 2023 9:24am Mar 9, 2023 9:24am
Quoting claudia1
{quote}It has been a good week - 100% wins so far off 7 trades.
Old faithful E/J is also chugging along but needs more discretion than the. Dax approach.
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every Saint has a past. Every Sinner has a Future
  • #63,383
  • Mar 9, 2023 9:28am Mar 9, 2023 9:28am
Back to looking at new houses. I notice that developers are now beginning to offer more incentives to buy their new properties. Probably because the housing market is slowing gown or end of year tax looms large on their balance sheets?
every Saint has a past. Every Sinner has a Future
  • #63,384
  • Mar 9, 2023 9:38am Mar 9, 2023 9:38am
And looking at the sp500 - my afternoon tipple, I often see action at 1:30pm UK time albeit I trade from 2:30pm UK time. Any reason for the sp500 springing into life at 1:30pm UK time ?
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every Saint has a past. Every Sinner has a Future
  • #63,385
  • Mar 9, 2023 9:58am Mar 9, 2023 9:58am
Quoting turnip15
And looking at the sp500 - my afternoon tipple, I often see action at 1:30pm UK time albeit I trade from 2:30pm UK time. Any reason for the sp500 springing into life at 1:30pm UK time ? {image}
US news releases ?
  • #63,386
  • Edited 12:06pm Mar 9, 2023 11:36am | Edited 12:06pm
Quoting turnip15
Back to looking at new houses. I notice that developers are now beginning to offer more incentives to buy their new properties. Probably because the housing market is slowing gown or end of year tax looms large on their balance sheets?
It’s not a sector I’m familiar with tbh but I would imagine the interest burning away on vacant properties is pretty scary and not factored into the equation 3 or 4 years ago when they started building these big developments. Kinda funny because we’ve been here before and not too long ago…

I read somewhere China has a massive bubble in housing/construction ripening to pop.
  • #63,387
  • Mar 10, 2023 2:57am Mar 10, 2023 2:57am
Good start to the day ...
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  • #63,388
  • Mar 10, 2023 3:24am Mar 10, 2023 3:24am
Quoting claudia1
Good start to the day ... {image}

Great end to the week
every Saint has a past. Every Sinner has a Future
  • #63,389
  • Mar 10, 2023 3:32am Mar 10, 2023 3:32am
Quoting turnip15
{quote} Great end to the week
Been a great week with 8 trades and 8 wins. Finished for the week will just watch !
  • #63,390
  • Mar 10, 2023 3:42am Mar 10, 2023 3:42am
Quoting claudia1
{quote}Been a great week with 8 trades and 8 wins. Finished for the week will just watch !
how simple and effective. Hopefully it continues
  • #63,391
  • Mar 10, 2023 3:44am Mar 10, 2023 3:44am
Quoting RieseP
{quote} how simple and effective. Hopefully it continues
Thanks.
  • #63,392
  • Mar 10, 2023 4:17am Mar 10, 2023 4:17am
Done for the day. Just watching big snowflakes whirling around the garden. My daft dog is trying to catch one
every Saint has a past. Every Sinner has a Future
  • #63,393
  • Mar 10, 2023 6:27am Mar 10, 2023 6:27am
Quoting claudia1
{quote}Been a great week with 8 trades and 8 wins. Finished for the week will just watch !
that’s awesome Claudia - are you solely trading the dax 4 hour break? In my mind I associate you with the Cable shorts! Are you still betting on the horses?
  • #63,394
  • Mar 10, 2023 6:51am Mar 10, 2023 6:51am
Quoting Lineseeker
{quote} that’s awesome Claudia - are you solely trading the dax 4 hour break? In my mind I associate you with the Cable shorts! Are you still betting on the horses?
apparently she uses all her profit from Dax and bets it all on 3 legged horses. She spends most evenings in a gambling anonymous meetings
  • #63,395
  • Mar 10, 2023 9:14am Mar 10, 2023 9:14am
Quoting RieseP
{quote} apparently she uses all her profit from Dax and bets it all on 3 legged horses. She spends most evenings in a gambling anonymous meetings
All believable except not sure she’s there “most” evenings 😊
  • #63,396
  • Mar 10, 2023 9:50am Mar 10, 2023 9:50am
Quoting Lineseeker
{quote} that’s awesome Claudia - are you solely trading the dax 4 hour break? In my mind I associate you with the Cable shorts! Are you still betting on the horses?
Just trading Ger 40. No cable and no horses for a while !
  • #63,397
  • Mar 10, 2023 11:11am Mar 10, 2023 11:11am
Quoting claudia1
{quote}Been a great week with 8 trades and 8 wins. Finished for the week will just watch !
Hi Claudia - thanks for the GER40 breakout idea. (Breakouts are my favourite way of trading and I used to follow Billy's ideas a number of years back). I wonder if you could elaborate a little more on your strategy, as you say you've had 8 trades and 8 wins this week. I have traded the 8am (4 hr breakout) every day this week, and only had 2 winners, with 3 losses...I am using the same criteria as you (in fact my stop is a little more conservative at 25). I have IG index too, though am trading it on IC markets (Ctrader) due to much greater leverage. I can't see any discernible differences in their charts, so am wondering how you have managed to achieve completely different results to me? Looking forward to your response, as I'm sure there must be something I'm missing...
  • #63,398
  • Mar 11, 2023 3:13am Mar 11, 2023 3:13am
Quoting Wellington
{quote} Hi Claudia - thanks for the GER40 breakout idea. (Breakouts are my favourite way of trading and I used to follow Billy's ideas a number of years back). I wonder if you could elaborate a little more on your strategy, as you say you've had 8 trades and 8 wins this week. I have traded the 8am (4 hr breakout) every day this week, and only had 2 winners, with 3 losses...I am using the same criteria as you (in fact my stop is a little more conservative at 25). I have IG index too, though am trading it on IC markets (Ctrader) due to much greater...
Hi - difficult post to answer as we are all different. What I would say is this is working fine for both Mr T and myself.

There's potentially 20 trades a week. I'm selective and take less than 50% of those normally, as last week. Trying to keep this as simple as possible, and get it automated very soon as previously mentioned.

I'll post some live trades next week and see if that answers your questions.

With 2 wins and 3 losses and the right risk/reward you are still ahead.

Good luck !
  • #63,399
  • Mar 12, 2023 4:31am Mar 12, 2023 4:31am
Quoting claudia1
{quote} Hi - difficult post to answer as we are all different. What I would say is this is working fine for both Mr T and myself. There's potentially 20 trades a week. I'm selective and take less than 50% of those normally, as last week. Trying to keep this as simple as possible, and get it automated very soon as previously mentioned. I'll post some live trades next week and see if that answers your questions. With 2 wins and 3 losses and the right risk/reward you are still ahead. Good luck !
Hi Claudia

Thanks for coming back to me. You've solved the mystery - you're being 'selective'! I'm going to go back and analyse last weeks trades to see if I can improve my win percentage and in the meantime look forward to seeing your live trade posts and learning what criteria you use. Still ahead as you say by using the right risk/reward so all good on my end - thank you!
  • #63,400
  • Mar 12, 2023 5:45am Mar 12, 2023 5:45am
Quoting Wellington
{quote} Hi Claudia Thanks for coming back to me. You've solved the mystery - you're being 'selective'! I'm going to go back and analyse last weeks trades to see if I can improve my win percentage and in the meantime look forward to seeing your live trade posts and learning what criteria you use. Still ahead as you say by using the right risk/reward so all good on my end - thank you!
Hi Claudia - It would seem that there's a lot more to your trades and selection than a simple breakout. On looking at last weeks trades, there were 2 trades on the 8am break that hit +50, the break above on the 8th March and the break below on the 10th, both of which you took (and fortunately so did I!). The only other trade that hit +50 from the 8am break was a break below on the 9th but it would have been stopped out before hitting target.

Similarly, looking out a 12pm breakout (which I haven't been trading), there was only one winner, that being a break to the downside on the 7th March (and, given that the bar closed very close to its low, I'm assuming there's a likelihood that you wouldn't have taken it anyway?). The 10th Mar long trade which is the only other one to reach +50 would have been stopped out beforehand.

So having looked closer, I'm now more confused than I was before, especially given that on the 9th Mar you said you'd already had 7 winning trades!

I'm not having a dig or trying to be clever, just trying to understand your methodology a little better and appreciate that you're trying to help people and share your ideas. Looking forward to learning more...
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