Billytt Die happy trading e/j daily breakout | Page 292 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #5,821
  • Dec 17, 2015 7:39am Dec 17, 2015 7:39am
Quoting billytt
WOW, I am back twice in one day ha . Nothing to say unless you want to know about dancing and playing rugby. Both of which I love. My wife has been nice to me for the last 2 weeks (how odd) but Christmas is coming lol plus I have hardly been home for a few weeks. Be good all.
Hello William
I will be back after Christmas.
Thanks for all contributions from Claudia and yourself this year.
Meanwhile - Here is a set of video's I came across which might help the odd lurker or two
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #5,822
  • Dec 20, 2015 6:38pm Dec 20, 2015 6:38pm
Hi all, 00-37 here in UK, and it is the 21st Dec this being the shortest day so hopefully we can burn our Yule Logs and the days will get longer.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,823
  • Edited 7:08pm Dec 20, 2015 6:45pm | Edited 7:08pm
I am actually going to trade for my friend and the pair being A/U and hopefully it will be short. We are currently on inside bars on the daily and we are looking for 5 pips after spread and using multiple lots. So if it triggers it should be in and out at a steady pace and my friend will be having a good Christmas yay.

edit... Sunday low is on S1 so if it breaks S2 is only 10 away so the 5 should be easy. (he said fingers crossed lol) psssst I am not using my money...
edit 2. In short now , catch you later when I close trades..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,824
  • Dec 21, 2015 6:13am Dec 21, 2015 6:13am
12-08 here Just after noon.. That A/U short was hard work. I know it is Christmas period and any good trader would stay out but I was pressurised by my friend, His money not mine lol. I got 12 pips off 5 trades, I did not get 5 off any single trade based on the low break but it was good, I can show results but then again who cares a win is a win, Take care all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,825
  • Dec 21, 2015 5:21pm Dec 21, 2015 5:21pm
This does not happen often, I am here before midnight. I have my drunken friend with me or actually he is in my garden on hammock smoking a funny smelling ciggie lol. AND he wants me to trade for him again... As long as he supplies the money and pays me I will.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,826
  • Dec 21, 2015 5:23pm Dec 21, 2015 5:23pm
Yay, I miss FF when I see these,,,
Attached Image (click to enlarge)
Click to Enlarge Name: yay.PNG Size: 5 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,827
  • Edited 6:11pm Dec 21, 2015 5:59pm | Edited 6:11pm
I have just looked at G/U, first time in weeks and it does look tempting for a short, Christmas period is putting me off though but as I am playing with someone else's money MAYBE .
A/U looks like I will be trading long, I have a round number and Fridays high in sight, so after midnight in 1 minute hey ho we'll go , Be good..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,828
  • Edited Dec 22, 2015 3:44am Dec 21, 2015 9:03pm | Edited Dec 22, 2015 3:44am
almost 03-00 here, I did long A/U with several lots and have just got 5 pips each lot trade. No idea where my friend went. I was going to let one trade run as I think in normal conditions this could go another 100, but lets not be greedy.
and I am having a little flutter on cable using the money he paid me to trade for him ......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,829
  • Dec 21, 2015 9:20pm Dec 21, 2015 9:20pm
this has made me smile,
go for it bud it can be done. Which reminds me I have to go feed my unicorn.
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,830
  • Dec 22, 2015 3:44am Dec 22, 2015 3:44am
Quoting billytt
almost 03-00 here, I did long A/U with several lots and have just got 5 pips each trade. No idea where my friend went. I was going to let one trade run as I think in normal conditions this could go another 100, but lets not be greedy. and I am having a little flutter on cable using the money he paid me to trade for him ......

good trade that AUD,was predictable that break, no trade yet for GBP...
  • #5,831
  • Dec 22, 2015 5:59am Dec 22, 2015 5:59am
Quoting DavidRP
{quote} good trade that AUD,was predictable that break, no trade yet for GBP...
It did have all the positive signs. It made approx. 50 with potential for more. No idea what it is doing now 12-00 noon but I will probably be trading it again after midnight if my friend shows up. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,832
  • Dec 23, 2015 3:23am Dec 23, 2015 3:23am
Morning, I did post last night but it didn't send... I did not trade today as my friend did not show plus I do not think any daily break happened.

edit, I shall look lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,833
  • Dec 23, 2015 3:29am Dec 23, 2015 3:29am
Christmas eve eve, I love this but it is the threads posted after ,,, go for it
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Click to Enlarge Name: xmas yay.PNG Size: 7 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,834
  • Dec 23, 2015 3:30am Dec 23, 2015 3:30am
Yep it seems so

Billyt,

just a question, in order to recover some loss trades, how much have you needed as a maximum to recover that loss trade ?

10x , 100x, 1000x ? with x as the amount of the loss trade
  • #5,835
  • Dec 23, 2015 3:52am Dec 23, 2015 3:52am
Quoting DavidRP
Yep it seems so Billyt, just a question, in order to recover some loss trades, how much have you needed as a maximum to recover that loss trade ? 10x , 100x, 1000x ? with x as the amount of the loss trade
Good question Davidrp, the answer is A LOT. massive bank is needed. But you change the probabilities by only trading certain trades ie daily break/inside bars etc. I quite often counter trade a loser and then start adding to which ever trade is positive and then close trade when it goes positive. As I am initially only chasing 5 points I end up with a healthy profit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,836
  • Dec 23, 2015 6:25am Dec 23, 2015 6:25am
Quoting billytt
{quote} Good question Davidrp, the answer is A LOT. massive bank is needed. But you change the probabilities by only trading certain trades ie daily break/inside bars etc. I quite often counter trade a loser and then start adding to which ever trade is positive and then close trade when it goes positive. As I am initially only chasing 5 points I end up with a healthy profit.

Yep I know, massive bank provides an edge with this system
  • #5,837
  • Dec 23, 2015 8:58am Dec 23, 2015 8:58am
Hello Billy, I just came across your thread. I started trading this strategy. I was wondering if you have a time-filter for your trade? For example, when a new daily bar is started, do you avoid trading it? Wait until a few hours have passed? Also, do you have a mental SL if trade moves against you?
  • #5,838
  • Dec 23, 2015 7:22pm Dec 23, 2015 7:22pm
Quoting tijo45
Hello Billy, I just came across your thread. I started trading this strategy. I was wondering if you have a time-filter for your trade? For example, when a new daily bar is started, do you avoid trading it? Wait until a few hours have passed? Also, do you have a mental SL if trade moves against you?
Hello Tijo45 and welcome, I will answer your question fully later. But a quick answer is ,,,if the previous daily candle high/low is broken I trade it. I do have a mental stop loss and it actually does change from trade to trade. This part is difficult to explain as I start off with a 20 stop for my statistics and then adjust it if trade goes against then counter trade. Have a good festive break and I will get back to you and I will try and explain better, sometimes it seems that I contradict myself but trading is a hard game and I do alter the goal posts, Take care....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,839
  • Dec 23, 2015 9:02pm Dec 23, 2015 9:02pm
thank you sir! That makes sense. I look forward to your detailed description! Good cheers!
  • #5,840
  • Dec 25, 2015 2:17pm Dec 25, 2015 2:17pm
Best Wishes to everyone and I hope you all have a good festivity. It doesn't matter who/what you believe in just be good. There are more good people on this planet than bad.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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