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Billytt Die happy trading e/j daily breakout

  • #821
  • Mar 17, 2015 8:50am Mar 17, 2015 8:50am
Quoting turnip15
Fine Billy thanks. Hope all is well with you. Claudia hourly pivot strikes again (unlike yesterday - I should have been more flexible and reversed when pivot broke upwards after having broke downwards -thats my weakness, I need to be more ready to change my mind) {image}

It was a good trade but the reversal can be frightening.. But did you notice the inside bar before the break of pivot, that was a clue. I know it is hour chart but that pivot is important so an ib becomes a good clue. and no I didn't trade it lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #822
  • Mar 17, 2015 8:51am Mar 17, 2015 8:51am
Quoting billytt
{quote} I cannot see the candles for the bunny lines lol wayhay
They are my homage to our fantastic wabbit
every Saint has a past. Every Sinner has a Future
  • #823
  • Mar 17, 2015 8:53am Mar 17, 2015 8:53am
Turnip,,,i find if you can get in on the retrace you can keep your SL tight if it goes against you, but you can most times get back in and more than cover your loss on the next one,,,,,,
  • #824
  • Mar 17, 2015 8:55am Mar 17, 2015 8:55am
Quoting pipreeper
Turnip,,,i find if you can get in on the retrace you can keep your SL tight if it goes against you, but you can most times get back in and more than cover your loss on the next one,,,,,,
excellent method, I think swing mentioned this. I do it as well but only when I am trying to correct a bad trade, I did it earlier.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #825
  • Mar 17, 2015 8:55am Mar 17, 2015 8:55am
Quoting turnip15
{quote} They are my homage to our fantastic wabbit
that's ok then lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #826
  • Edited 2:16pm Mar 17, 2015 8:56am | Edited 2:16pm
Quoting billytt
{quote} It was a good trade but the reversal can be frightening.. But did you notice the inside bar before the break of pivot, that was a clue. I know it is hour chart but that pivot is important so an ib becomes a good clue. and no I didn't trade it lol
@Billytt

is this the Inside bar you refer to ?
Attached Image (click to enlarge)
Click to Enlarge Name: Billy.png Size: 219 KB
every Saint has a past. Every Sinner has a Future
  • #827
  • Mar 17, 2015 9:00am Mar 17, 2015 9:00am
Quoting pipreeper
Turnip,,,i find if you can get in on the retrace you can keep your SL tight if it goes against you, but you can most times get back in and more than cover your loss on the next one,,,,,,
Pip - I am an old git but I like pictures. Could you draw an illustration of what you mean please ? Would it be an entry cutting back through the pivot line and/or bouncing off the pivot? Sorry for being a bit dense.
every Saint has a past. Every Sinner has a Future
  • #828
  • Mar 17, 2015 9:07am Mar 17, 2015 9:07am
Hi Turnip,,,I have to pick kids up now as Mrs's away,,,,,i'll get back to you later, billy can fill you in if he wants
  • #829
  • Mar 17, 2015 9:08am Mar 17, 2015 9:08am
Logging out now. Have to take little grandson swimming (Well, he splashes me a lot). Back later guys. Good thread this-I see one thread trades one minute bars !!! That would cause my remaining hair to turn even grayer. Keep it simple -I bet that is the approach that most people who have been trading a while return to.
CYA later guys and thanks for the comments -much appreciated.
every Saint has a past. Every Sinner has a Future
  • #830
  • Mar 17, 2015 9:09am Mar 17, 2015 9:09am
Quoting pipreeper
Hi Turnip,,,I have to pick kids up now as Mrs's away,,,,,i'll get back to you later, billy can fill you in if he wants
Thanks pip
every Saint has a past. Every Sinner has a Future
  • #831
  • Edited 8:17pm Mar 17, 2015 12:18pm | Edited 8:17pm
From 1st January 2015 excluding today....
We have had DAILY BREAKOUT E/J 63 TRADES,,, 53 WINNERS,,,10 LOSSES,,,, 13 INSIDE BARS
That is approx. 88% strike rate.
It isn't easy but if you have a plan. actually they then should read 52 winners and 11 losses.



edit ,,,these stats are for 10 pip profit


edit,,,, I changed the 63 wins from 62.

edit yet again, the stats are from 01/01/15 until 02/03/15, I will show upto date in a new post
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #832
  • Mar 17, 2015 2:15pm Mar 17, 2015 2:15pm
Great results Billy :-)
Just back from swimming leisure centre. Grandson failed,yet again, to drown me :-)
every Saint has a past. Every Sinner has a Future
  • #833
  • Mar 17, 2015 3:46pm Mar 17, 2015 3:46pm
Quoting billytt
From 1st January 2015 excluding today.... We have had DAILY BREAKOUT E/J 63 TRADES,,, 53 WINNERS,,,10 LOSSES,,,, 13 INSIDE BARS That is approx. 88% strike rate. It isn't easy but if you have a plan. actually they then should read 52 winners and 11 losses. edit ,,,these stats are for 10 pip profit edit,,,, I changed the 63 wins from 62.

The problem is what about those 11 losses. what stop loss are you using for those stats ?
  • #834
  • Mar 17, 2015 3:56pm Mar 17, 2015 3:56pm
Billy will no doubt write regarding your question directed at him. However, before he does here is my mere two pence on the matter.
11 losses -Not a problem. More winners than losers and managing your losses is what counts. You cannot win them all -no one can. Billy trades profitably so he is happy. Read his posts and you will discover where (if he does at all) he uses stops.
every Saint has a past. Every Sinner has a Future
  • #835
  • Mar 17, 2015 4:04pm Mar 17, 2015 4:04pm
Quoting turnip15
Billy will no doubt write regarding your question directed at him. However, before he does here is my mere two pence on the matter. 11 losses -Not a problem. More winners than losers and managing your losses is what counts. You cannot win them all -no one can. Billy trades profitably so he is happy. Read his posts and you will discover where (if he does at all) he uses stops.
I have read them all. My point here is, that you have to use a big account vs lot size if not using stop losses in this strategy in order to avoid erasing all profits with those 11 losses. Just want to know if there is an initial stop loss or something and his procedure to recover those losses.


David
  • #836
  • Mar 17, 2015 6:46pm Mar 17, 2015 6:46pm
Hello, 15 minutes until the next day here in the UK and then we shall hopefully do it all again..
The inside bar was broken long and I am surprised it did not go further but lets see what happens Wednesday (perhaps a drop)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #837
  • Mar 17, 2015 6:57pm Mar 17, 2015 6:57pm
Quoting DavidRP
{quote} The problem is what about those 11 losses. what stop loss are you using for those stats ?
Hello and a good question.
For my own personal statistics I use a 20 stop for a 20 take profit or 1/1. I did this when I traded properly (for a living). and Compounded a lot.
I still use a 20 stop even for a 5 pip tp for my statistics.
Trouble is once a trade starts to go against me I adjust the stop and then hedge, counter trade, add on to make it right. The losses I quoted were probably traded good by me, I have had 2 losses this year which I have mentioned.
and yes, you need a big bank roll.
It is over kill and like I have said many times it can be put into a scenario where in a battle you would use x amount of people to capture a machine gun post. You will have casualties but the gun post will be taken.
I do this for fun now. Be good and trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #838
  • Mar 17, 2015 7:00pm Mar 17, 2015 7:00pm
Quoting DavidRP
{quote} The problem is what about those 11 losses. what stop loss are you using for those stats ?

I forgot,,,, I will say I got 7 so that is 40% extra. These extra pips can be used for free trades and even help counter losses.
As long as I have more at the end of the day that is what matters.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #839
  • Mar 17, 2015 7:18pm Mar 17, 2015 7:18pm
Hi Claudia, e/j pivot might be broken this hour 00-00 to 01-00, I know you know but you probably looking at the others lol.
I took a look at cable as well lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #840
  • Mar 17, 2015 7:47pm Mar 17, 2015 7:47pm
Turnip, I only just saw your chart.
It was the inside bar just before the pivot, that was a decent clue.
Attached Image (click to enlarge)
Click to Enlarge Name: that.PNG Size: 91 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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