Billytt Die happy trading e/j daily breakout | Page 190 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,781
  • Aug 28, 2015 8:51am Aug 28, 2015 8:51am
If a person trades using small lot sizes, it is easy to not stick to a method as they think ,,,Oh it is only a few £££ or $$$$ if I lose so what!, But even small lots are a percentage of a bigger bank roll...
Think the same (POSITIVE) A SMALL LOT SHOULD BE TRADED EXACTLY THE SAME AS A LARGE LOT..
small gains add up and it will not happen over night..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,782
  • Aug 28, 2015 9:20am Aug 28, 2015 9:20am
Quoting billytt
If a person trades using small lot sizes, it is easy to not stick to a method as they think ,,,Oh it is only a few or $$$$ if I lose so what!, But even small lots are a percentage of a bigger bank roll... Think the same (POSITIVE) A SMALL LOT SHOULD BE TRADED EXACTLY THE SAME AS A LARGE LOT.. small gains add up and it will not happen over night..
I am totally on board with this, having learned the hard way.
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  • #3,783
  • Edited 12:08pm Aug 28, 2015 11:58am | Edited 12:08pm
Quoting RabbitWolf
{quote} That was not me. I was sleeping .......... Looks like you getting more incognito people here.... Monday... can be fun day... not in rush to trade today... Will see evening and see what Monday can bring... I did 777 th. post yesterday here -- what a coincidence... See if i can handle that bigger Pig... Good luck everybody ! {image}
Sleep! you don't get time for that 777 should be 24/7 lol - careful Monday bank holiday in UK. Let me know how you get on with the other thing good luck.
  • #3,784
  • Aug 28, 2015 12:31pm Aug 28, 2015 12:31pm
Quoting claudia1
{quote} Sleep! you don't get time for that 777 should be 24/7 lol - careful Monday bank holiday in UK. Let me know how you get on with the other thing good luck.
Thanks,
Yes mam, will do what you say...

Monday - thats when Monthly Candle closes, but new Weekly Pivots show up... .... Could be fun...
Cable was fun today....
  • #3,785
  • Aug 28, 2015 9:56pm Aug 28, 2015 9:56pm
03-50 Sat morning lol.
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Cable, Fri Daily candle, we have a high and a low, Trade the break SIMPLE. Only trouble is we are into the weekend, It is better to leave weekend trades alone especially this weekend with Bank Holiday and the Chinese Problem, Most of the big guys have not put any orders out due to uncertainty in China.
Speaking Bank Holiday, it doesn't really matter to a daily break trader after a few pips, we may not even have a break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,786
  • Edited 10:08pm Aug 28, 2015 9:58pm | Edited 10:08pm
If any people would like to post charts showing what is going to happen feel free to post

edit, I just looked for examples but only charts I see are after the event, anyway lets have a good weekend and a bank holiday and see what happens. We have a lovely full moon , got a bit of testing to do.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,787
  • Aug 28, 2015 10:13pm Aug 28, 2015 10:13pm
E/J is the same , a high and a low, this candle must have a name shows indecision,(maybe dragonfly)Mr T will know.
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,788
  • Edited Aug 29, 2015 5:28am Aug 28, 2015 10:21pm | Edited Aug 29, 2015 5:28am
Thanks to Bunny for speaking about the Monthly Candle.
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July low is very close to being broken, if it does good %%% can be made. You just need to know how to trade it.
Maybe use daily break with several lots and let them run closing selected ones.

edit, Cable Candle shown ,, I highlighted inside/outside bars

edit ,,, E/J monthly showing lots of indecision for 3 months, cannot comment as I have no idea
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,789
  • Aug 29, 2015 2:01am Aug 29, 2015 2:01am
Quoting billytt
Thanks to Bunny for speaking about the Monthly Candle. {image} July low is very close to being broken, if it does good %%% can be made. You just need to know how to trade it. Maybe use daily break with several lots and let them run closing selected ones. edit, I highlighted inside/outside bars edit ,,, E/J monthly showing lots of indecision for 3 months, cannot comment as I have no idea
Your definitely a night owl Mr B, and I recon your a wise owl, thanks for your thoughts they are duly noted.
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  • #3,790
  • Aug 29, 2015 3:33am Aug 29, 2015 3:33am
Results for the ea this week on e/j from someone testing for me - looking good.
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  • #3,791
  • Aug 29, 2015 3:56am Aug 29, 2015 3:56am
Quoting RabbitWolf
{quote} Thanks, Yes mam, will do what you say... Monday - thats when Monthly Candle closes, but new Weekly Pivots show up... .... Could be fun... Cable was fun today....
lol I been called mam and madam so far this week and a few other names - have a good weekend same to all.
  • #3,792
  • Aug 29, 2015 5:37am Aug 29, 2015 5:37am
[quote=Piprader;8463316]{quote} Your definitely a night owl Mr B, and I recon your a wise owl, thanks for your thoughts they are duly noted..

Hi Pipradar, I am wise enough to know that I only need a simple method to make %%%%
I am always looking at charts looking for patterns/signs then look for probabilities of them happening again. As in the daily break we have normally a consistent 10 or lots more after break...
. It is that 10 I aim for (10 minus spread)

edit,,, forget about retrace etc, we'll look at that later.

edit,,,AND it does fail
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,793
  • Aug 29, 2015 5:39am Aug 29, 2015 5:39am
Quoting claudia1
Results for the ea this week on e/j from someone testing for me - looking good. {image}
It looks good Claudia
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,794
  • Aug 29, 2015 5:56am Aug 29, 2015 5:56am
Yesterday Claudia the madam/mam/darling/missus had a trade set up for 09-30 morning with a high and low to be triggered after a news release . It did shoot up then retraced. This is good to do but be wary of broker adjusting spread/minimum stop etc. I did something similar with oil years ago, just wait for spikes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,795
  • Aug 29, 2015 6:09am Aug 29, 2015 6:09am
Cable Daily Break Trades 01-01-15 to 28-08-15 inclusive
Trades = 210.
Win =183
loss = 27
that is 87% strike rate.

Please note, these are not based on the 20 stop stats..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,796
  • Aug 29, 2015 6:25am Aug 29, 2015 6:25am
E/J Daily Break Stats 01-01-15 to 28-08-15 Inclusive..
Trades 195.
Win 173.
loss 23.
88.5 strike rate.

These stats are not based on 20 stop.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,797
  • Aug 29, 2015 7:13am Aug 29, 2015 7:13am
Quoting billytt
E/J Daily Break Stats 01-01-15 to 28-08-15 Inclusive.. Trades 195. Win 173. loss 23. 88.5 strike rate. These stats are not based on 20 stop.

So, those stats are based on your own trades, I suppose
  • #3,798
  • Aug 29, 2015 7:23am Aug 29, 2015 7:23am
Quoting DavidRP
{quote} So, those stats are based on your own trades, I suppose
hi, I have traded most of the E/J trades and a smaller percentage of Cable..
Those stats are based on a high/low being broken and at least 10 pips being made and it doesn't matter how much the trade retraced as long as it came back for the 10 (to allow for spread).. Similar to having no stop.
If I was using just a strict 20 stop I would of had several more fails...
you have to learn how to trade bad trades, the boys in the pits knew how to do it (and gals) I assume they were allowed..

I would of let Claudia into the pit
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,799
  • Aug 29, 2015 7:25am Aug 29, 2015 7:25am
My last E/J trade was on 25th or 26th June
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,800
  • Aug 29, 2015 8:43am Aug 29, 2015 8:43am
[quote=billytt;8463228]If any people would like to post charts showing what is going to happen feel free to post

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Found this in my files . This will amuse you... Billy, do you remember who is the artist ?
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