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Billytt Die happy trading e/j daily breakout

  • #6,401
  • Jan 23, 2016 10:47am Jan 23, 2016 10:47am
Quoting claudia1
{quote} Hope Mrs T wasn't watching and hope it wasn't g/n. What you say is right if people want more and more stats then do the research themselves. I know you put a lot of time in.
No-it was Dax -it trends but watching a one minute price bar flicking alternately green to red a number of times. before settling positive or negative, can be trying on the nerves with the one minute time frame. But - Five minute oil - I cope by setting my stop and reading a book and glancing now and again at screen or making some tea or researching. Once I move stop up into a free trade one can relax more.
So, I should set a stop for the one minute Dax and keep to it, but something about that one minute candle, flickering up or down, despite my 8 ma etc governing the trade, triggers my fear emotions thus tempting me to interfere with a live trade. But one soldiers on
Interestingly, I marked up several Dax trades live on the one minute Dax - two worked and one was break even. Sadly, I bottled out of trading them -emotional paralysis again.
One could say, "forget the dax and stick to oil," but I like a challenge, and research is good for future use.
I wish I was tough like young William
every Saint has a past. Every Sinner has a Future
  • #6,402
  • Jan 23, 2016 9:52pm Jan 23, 2016 9:52pm
Quoting claudia1
{quote} Yep I understand where you coming from you know that. Stats don't interest me too much it's what's in your account at the end of the day/week. Hey 20 mins in and 2 goals already in Celtic match. Good fun. Edit: lol 3 before half time easy money
03-45 here. I just got in. I agree with the more money in the bank. But all of my life I have been brought up using stats whether militarily, playing sport etc . Some information we use sub consciously ,. Earlier I mentioned the weekend gap closing, we don't need stats as we know it has a big chance of closing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,403
  • Jan 23, 2016 9:58pm Jan 23, 2016 9:58pm
[quote=turnip15;8707849]{quote} No-it was Dax -it trends but watching a one minute price bar flicking alternately green to red a number of times. before settling positive or negative, can be trying on the nerves with the one minute time frame. But - Five minute oil - I cope by setting my stop and reading a book and glancing now and again at screen or making some tea or researching. Once I move stop up into a free trade one can relax more.


Me tough!!! lol. I am a big softy really. If you scalp you could do it as a pass time or if it interests you study it. I am always looking at new trading methods I look at it like a hobby... I think with scalping though you need to look at a bigger global picture.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,404
  • Jan 23, 2016 10:01pm Jan 23, 2016 10:01pm
[quote=turnip15;8707751]{quote} Thanks for the stats Billy. Your work is appreciated. Regarding requests for more involved stats from Tom et al -may I suggest you stick to your simplified approach for 5pips. ...

I think it was just a general request. I used to trade E/J looking for 20 (not 5) on the daily and it has excellent stats too. I was even compounding this.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,405
  • Jan 23, 2016 10:09pm Jan 23, 2016 10:09pm
Quoting leeshindig
Billy, when you have your stats as above for win/loss.. the wins include ones which have to be "recovered"..? Do you have stats on the amount of wins that had to be recovered, if so? TIA
This is difficult to answer and welcome.
If a trade breaks high/low and does not make 10 this is a fail for the stats. Last year E/J had something like 87% strike rate (I cannot remember actual figure and my Pc is closed down) So going off what I just said if it was 87% win I would therefore have 13% trades to correct. Correcting trades is not as easy as it seems,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,406
  • Jan 24, 2016 4:42am Jan 24, 2016 4:42am
Quoting claudia1
{quote} Difficult to beat! @ Pip how you getting on with ea?
Hi Claudia, early days, have this so far,, 2 Results. EA = 21 Jan, entry short @ 12635 time 13:57, locked 5 pips profit, the low of previous day at 126613,
Strange thing the low was broken at 13:30 on the 21 Jan to a low of 126563 but no entry on this break = ?. :nerd:.
I think the entry at 12635 made at 13:57 at - 26 pips past previous day low was due to the volume power of price at that time. Will have to see.
The next trade was 22 Jan at 11:13 am, Break long previous day hi of 128180, Buy at 128215, for immediate loss to - 20 pips, the hi was 128204 so the spread set the trade,
Strange that no trade was made at 08:45 am this break gave a hi to 128415 so this would have been a win, but not triggered,?..
All early days L.O.L. will see how this week pans out, could be interesting.. MAYBE I will only set EA for sleep time and turn off when day trading I seem to remember this was the idea in the first place .
  • #6,407
  • Jan 24, 2016 5:21am Jan 24, 2016 5:21am
Quoting billytt
{quote} This is difficult to answer and welcome. If a trade breaks high/low and does not make 10 this is a fail for the stats. Last year E/J had something like 87% strike rate (I cannot remember actual figure and my Pc is closed down) So going off what I just said if it was 87% win I would therefore have 13% trades to correct. Correcting trades is not as easy as it seems,
Ok I see and understand. Thanks for the info.

Reason I ask, because I'd been looking into something similar when I found this thread. The idea of wick zones (you can see charts/strategy on the wick zone thread at kreslik forum, not sure I'm allowed to post a direct link on FF).. The idea is to trade the breaks of wick zones (candle open/close to candle high/low)..

However, my basic testing of the above idea doesn't really come up with any worthwhile stats.. but, maybe combined as a counter/corrective idea to a daily break, it may work out.

I'm going to try run a few tests, if I find anything worthwhile I'll post it..
  • #6,408
  • Jan 24, 2016 9:38am Jan 24, 2016 9:38am
Quoting Piprader
{quote} Hi Claudia, early days, have this so far,, 2 Results. EA = 21 Jan, entry short @ 12635 time 13:57, locked 5 pips profit, the low of previous day at 126613, Strange thing the low was broken at 13:30 on the 21 Jan to a low of 126563 but no entry on this break = ?. :nerd:. I think the entry at 12635 made at 13:57 at - 26 pips past previous day low was due to the volume power of price at that time. Will have to see. The next trade was 22 Jan at 11:13 am, Break long previous day hi of 128180, Buy at 128215, for immediate loss to - 20 pips, the...
These advisor things really need to be run on virtual servers.

If your pc goes to sleep the ea goes the same way so sort of defeats the point of it all.
  • #6,409
  • Jan 24, 2016 11:05am Jan 24, 2016 11:05am
Quoting leeshindig
{quote} Ok I see and understand. Thanks for the info. Reason I ask, because I'd been looking into something similar when I found this thread. The idea of wick zones (you can see charts/strategy on the wick zone thread at kreslik forum, not sure I'm allowed to post a direct link on FF).. The idea is to trade the breaks of wick zones (candle open/close to candle high/low).. However, my basic testing of the above idea doesn't really come up with any worthwhile stats.. but, maybe combined as a counter/corrective idea to a daily break, it may work...
Thanks for that info bud, I shall look. We are always learning. I do think though that I have seen this before.Lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,410
  • Jan 24, 2016 11:06am Jan 24, 2016 11:06am
Quoting claudia1
{quote} These advisor things really need to be run on virtual servers. If your pc goes to sleep the ea goes the same way so sort of defeats the point of it all.
STAY AWAKE or the zombies /aliens will get you...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,411
  • Jan 24, 2016 11:28am Jan 24, 2016 11:28am
Quoting billytt
{quote} STAY AWAKE or the zombies /aliens will get you...
I like Zombies!! Well maybe. This song is not so good but the video is so 60's. Before me but looks fun.

Inserted Video
  • #6,412
  • Jan 24, 2016 1:18pm Jan 24, 2016 1:18pm
Quoting billytt
{quote} STAY AWAKE or the zombies /aliens will get you...
Vincent Price is still LURKING IN THE SHADOWS so be awake or be....................De dum dum dum dum dum, De dum dum dumdum dum, its close to midnight and.............
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  • #6,413
  • Jan 24, 2016 1:44pm Jan 24, 2016 1:44pm
Quoting claudia1
{quote} I like Zombies!! Well maybe. This song is not so good but the video is so 60's. Before me but looks fun. https://www.youtube.com/watch?v=qzpPy9hJYA8
Takes me back loved that era I was part of it from around 1965.
A pic from 1967 of my band..
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  • #6,414
  • Jan 24, 2016 1:52pm Jan 24, 2016 1:52pm
Quoting Piprader
{quote} Takes me back loved that era I was part of it from around 1965. A pic from 1967 of my band.. {image}
Brilliant!! Love the 60's music from the UK don't know why. Music's far more interesting than trading. I was working in London early eighties and hated it - this looks so much more fun. Dread to think what it's like now.
  • #6,415
  • Jan 24, 2016 2:35pm Jan 24, 2016 2:35pm
@Billy this is turning into a fun thread if you haven't already had a look http://www.forexfactory.com/showthre...=575628&page=2
  • #6,416
  • Jan 24, 2016 3:17pm Jan 24, 2016 3:17pm
I love zombies too. Well it is Sunday evening and the markets are running again so trade well well every.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,417
  • Jan 24, 2016 3:20pm Jan 24, 2016 3:20pm
Quoting claudia1
@Billy this is turning into a fun thread if you haven't already had a look http://www.forexfactory.com/showthre...=575628&page=2
I just took a look. It can be done as you know plus it can easily be a scam. I think if it were a scam they would of shown better figures.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,418
  • Jan 24, 2016 3:22pm Jan 24, 2016 3:22pm
The 3 pairs I mentioned GAPS, nothing really drastic to close. Maybe we do it next week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,419
  • Jan 24, 2016 3:37pm Jan 24, 2016 3:37pm
[quote=leeshindig;8708422]{quote} Ok I see and understand. Thanks for the info. Reason I ask, because I'd been looking into something similar whe

Hi Leeshindig, I took a look but couldn't actually see the method. thankyou

edit, Something I looked at in the past. Instead of using Daily high/low as trigger , trade off the open/close OR the high/low it depends which is hit first. IT is difficult to explain but I could show a chart.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,420
  • Jan 24, 2016 3:55pm Jan 24, 2016 3:55pm
Something like this, the chart is A/U Daily for past few days.
Blue is long and Red is short.
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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