Billytt Die happy trading e/j daily breakout | Page 306 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #6,101
  • Jan 14, 2016 5:24am Jan 14, 2016 5:24am
Quoting billytt
{quote} Last nights dancing was brilliant, I just love dancing modern jive AND play rugby lol.. Lots of new people there too. I am seeing some good posts in here regarding Trading. Keep stats( then probabilities/odds and if trading off pins, dp, levels etc .Have good money management. I cannot speak money management lol as what I do is unorthodox. I will gladly trade 1-4 against even more just to get the 5..It works. When keeping Stats do not keep averages..
  • #6,102
  • Jan 14, 2016 5:37am Jan 14, 2016 5:37am
Quoting billytt
{quote} Last nights dancing was brilliant, I just love dancing modern jive AND play rugby lol.. Lots of new people there too. I am seeing some good posts in here regarding Trading. Keep stats( then probabilities/odds and if trading off pins, dp, levels etc .Have good money management. I cannot speak money management lol as what I do is unorthodox. I will gladly trade 1-4 against even more just to get the 5..It works. When keeping Stats do not keep averages..
Most important is what your account balance tells you.

You not been wearing dresses again have you?
  • #6,103
  • Jan 14, 2016 5:40am Jan 14, 2016 5:40am
Quoting claudia1
{quote} Most important is what your account balance tells you. You not been wearing dresses again have you?
lol DRESSES,,, I've the legs yay. I almost said IF YOUR BANK DROPS something is wrong ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,104
  • Jan 14, 2016 5:42am Jan 14, 2016 5:42am
Quoting billytt
{quote} lol DRESSES,,, I've the legs yay. I almost said IF YOUR BANK DROPS something is wrong ...
Agree - a lot will argue though.
  • #6,105
  • Jan 14, 2016 5:56am Jan 14, 2016 5:56am
Cable struggling to beat the round number pushing up to dp again I'm lost on this. Once again wait see what 15.00 brings would be good to take another 20 and end the week early. Hm we will see.
  • #6,106
  • Jan 14, 2016 6:15am Jan 14, 2016 6:15am
If you have a decent set up/trigger on a trade look at any other pair/s correlated to it to see if you can get a better trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,107
  • Jan 14, 2016 3:58pm Jan 14, 2016 3:58pm
Pip is up late
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,108
  • Jan 14, 2016 4:21pm Jan 14, 2016 4:21pm
Quoting billytt
IF I were still in that A/U trade short, I would now be in a counter trade long. That 04-00 hour candle had a big range for the way I trade that is why I got out at the +5.. In a counter I would be -20 until the next trigger. I prefer to do this than use a big/no stop ot close the trade.
Hey Billy's boy,how you doing

Why do you hedge,,rather than close if you are waiting to recoupe your loss with the next indication you see?
  • #6,109
  • Jan 14, 2016 4:33pm Jan 14, 2016 4:33pm
Quoting FOURX
{quote} Hey Billy's boy,how you doing Why do you hedge,,rather than close if you are waiting to recoupe your loss with the next indication you see?

Hi FourX, good to see you, hope you are ok and all the Best for 2016..
First, I do not like giving money away, so keep trade open (in limbo).
Second, the next trigger might not happen. I am speaking about $ hour candle break. It could well retrace back to original trade so I would then counter the counter lol. Due to the nature of my trades it rarely whips.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,110
  • Jan 14, 2016 4:42pm Jan 14, 2016 4:42pm
Quoting billytt
IF I were still in that A/U trade short, I would now be in a counter trade long. That 04-00 hour candle had a big range for the way I trade that is why I got out at the +5.. In a counter I would be -20 until the next trigger. I prefer to do this than use a big/no stop ot close the trade.
earlier post...
Attached Image (click to enlarge)
Click to Enlarge Name: earlier.PNG Size: 29 KB

A + 04-00 candle, as stated the low broke and then retraced up, I WOULD OF counter trade at -20 and the nest trigger would of been the high of the 08-00 candle. It did make it and kept going up. It isn't always this easy. Look at every counter as a separate trade. I cannot speak too freely about this as I might be sued.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,111
  • Jan 14, 2016 8:24pm Jan 14, 2016 8:24pm
Quoting billytt
{quote} earlier post... {image} A + 04-00 candle, as stated the low broke and then retraced up, I WOULD OF counter trade at -20 and the nest trigger would of been the high of the 08-00 candle. It did make it and kept going up. It isn't always this easy. Look at every counter as a separate trade. I cannot speak too freely about this as I might be sued.
​BILLY - A hypothetical - suppose you were in US and could not hedge - any suggestion.
  • #6,112
  • Jan 14, 2016 11:05pm Jan 14, 2016 11:05pm
Quoting billytt
Pip is up late
Hi Mr B, I was up late your right I was "stating" my stats, L.O.L. but my eyes oh my eyes, need some new ones....
Attached Image (click to enlarge)
Click to Enlarge Name: Tired.jpg Size: 226 KB
  • #6,113
  • Jan 14, 2016 11:16pm Jan 14, 2016 11:16pm
Quoting billytt
{quote} earlier post... {image} A + 04-00 candle, as stated the low broke and then retraced up, I WOULD OF counter trade at -20 and the nest trigger would of been the high of the 08-00 candle. It did make it and kept going up. It isn't always this easy. Look at every counter as a separate trade. I cannot speak too freely about this as I might be sued.
Things are a getting clearer Mr B.. Muy bueno y gracias mi amigo..
Attached Image
  • #6,114
  • Jan 14, 2016 11:20pm Jan 14, 2016 11:20pm
Billy,

Thanks for sharing the valuable information on this thread. I have been studying what you do on the midnight breakout and shall post some questions over the weekend if thats okay.

Regards BL.
  • #6,115
  • Jan 14, 2016 11:55pm Jan 14, 2016 11:55pm
Quoting billytt
{quote} earlier post... {image} A + 04-00 candle, as stated the low broke and then retraced up, I WOULD OF counter trade at -20 and the nest trigger would of been the high of the 08-00 candle. It did make it and kept going up. It isn't always this easy. Look at every counter as a separate trade. I cannot speak too freely about this as I might be sued.
Hi billytAnd why not try the long with the same candle 04-00 instead of waiting for the 08-00 candle?
  • #6,116
  • Jan 15, 2016 12:12am Jan 15, 2016 12:12am
Quoting DavidRP
{quote} Hi billytAnd why not try the long with the same candle 04-00 instead of waiting for the 08-00 candle?
Hi David, I believe Mr B is referring to 4hour candles, from say 4am, so the next 4hour candle will start from 8am hope this helps. Green pips to you.
  • #6,117
  • Edited 1:30am Jan 15, 2016 1:10am | Edited 1:30am
@ Billy - just a thought if you get some time over the weekend why not rewrite page 1 explaining the daily e/j strategy and your 4h strategy. Things have moved on since the starting the thread. I know it's difficult if not impossible to fully explain what you do as a lot is discretionary but might be worth a go?

Would stop a lot of questions and I'm sure these guys would appreciate it. On the other hand it might raise more questions mmmmmmmmmmmm .

As I say just a thought. Have a good day all.

Edit: hey Billy the thread only started 3 Feb last year - seems more like 10 years lol.
  • #6,118
  • Jan 15, 2016 1:26am Jan 15, 2016 1:26am
Hi guys, how is the winebar going? Still selling that cider?
Fix up, trade sharp ...
  • #6,119
  • Jan 15, 2016 1:29am Jan 15, 2016 1:29am
Quoting Hickson
Hi guys, how is the winebar going? Still selling that cider?
Wine bar doing just fine. Hope you keeping good.
  • #6,120
  • Jan 15, 2016 1:44am Jan 15, 2016 1:44am
Quoting tomthepoppop
{quote} ​BILLY - A hypothetical - suppose you were in US and could not hedge - any suggestion.
Have 2 different brokers or 2 accounts same broker. I have just in case.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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