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Billytt Die happy trading e/j daily breakout

  • #8,281
  • Apr 26, 2016 4:42am Apr 26, 2016 4:42am
Quoting claudia1
{quote} @billy have a look at the 4h on this one now.
I looked at usd/cad on lap top. it looks good for a short being triggered off 4 candle and daily low. obviously they have to trigger lol.

edit, I just realised you spoke of Swiss duh!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,282
  • Apr 26, 2016 4:42am Apr 26, 2016 4:42am
I say William -the jolly old four hour - 4 am bar break did well, yet again, this morning.
Looking at Claudias CAD now (purely for research purposes Claudia) :-)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #8,283
  • Apr 26, 2016 4:46am Apr 26, 2016 4:46am
usd/chf just looked, I would short it off the 4 candle and daily low IF I had to, just wait for triggers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,284
  • Apr 26, 2016 4:47am Apr 26, 2016 4:47am
Quoting turnip15
I say William -the jolly old four hour - 4 am bar break did well, yet again, this morning. Looking at Claudias CAD now (purely for research purposes Claudia) :-) {image}
good day, A/U was sorted and Cable was good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,285
  • Apr 26, 2016 4:52am Apr 26, 2016 4:52am
Quoting jmn5611
{quote}{quote} It is a very relaxing way to trade. It is so much easier to make your daily bread if you have decently sized account. It allows for a size to be used that allows one to get what one needs with very few pips.
correct bud, have a good method, stick to it and only trade your best pair. ok maybe a second one lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,286
  • Apr 26, 2016 4:57am Apr 26, 2016 4:57am
Cable adr update, the modest almost 100 range is/was almost good (94 I think)
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,287
  • Apr 26, 2016 4:59am Apr 26, 2016 4:59am
A/U adr range update, the modest 60 almost made (57)
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,288
  • Apr 26, 2016 5:08am Apr 26, 2016 5:08am
Quoting billytt
Cable adr update, the modest almost 100 range is/was almost good (94 I think) {image}
Cable is not a million miles off 2016 highs. Bound to test it - not today but worth a watch then sell!!

Good morning Mr T keep the research going.
  • #8,289
  • Apr 26, 2016 5:12am Apr 26, 2016 5:12am
Quoting claudia1
{quote} Cable is not a million miles off 2016 highs. Bound to test it - not today but worth a watch then sell!! Good morning Mr T keep the research going.
I did notice, It is approx. 100 off yearly high
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,290
  • Apr 26, 2016 5:13am Apr 26, 2016 5:13am
it is so cold here today
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,291
  • Apr 26, 2016 5:17am Apr 26, 2016 5:17am
Quoting billytt
it is so cold here today
You're supposed to be the fit guy not the one moaning about cold weather and bad knees tell him Turnip!
  • #8,292
  • Apr 26, 2016 5:27am Apr 26, 2016 5:27am
Quoting claudia1
{quote} Every trade to me is different and I usually don't use stops. Profit ratio/target pips etc are also irrelevant to me. I was trained to make money not pips - can have a negative day on pips and still be profitable. Number of open trades - maybe two or three but can go much much higher than that on a crazy day compounding to correct positions. Trade fx (mainly cable) daily and also UK equities. Sometimes commodities and indices but not often. With main 'broker' only pay spreads. They don't work with the rebate companies.
Thanks

*Through IB you can be found in almost any broker commission refunds

Quoting billytt
Quoting Nitsan_Levi
Claudia , and Billytt ,and all who wants to to answer ,I want to ask you a few questions Hello Nitsan, good brokers don't give rebate. When I traded professionally I looked for 20 pips and compounded 100 range mainly with E/J. Compounding with selective trades. I now play for fun looking for 5 after spread, but I would not hesitate to trade very hard if I want something. I use a 20 stop for my stats but I will always adjust my stop if I get a bad trade . I will not hesitate to have a 40 stop to make 5 as I know I will
...
Thanks

*Even the best brokers like Interactive brokers and FXCM give Rebate for some of them clients


Quoting jmn5611
{quote}{quote} It is a very relaxing way to trade. It is so much easier to make your daily bread if you have decently sized account. It allows for a size to be used that allows one to get what one needs with very few pips.

If you want lets say to risk 10$ for trade.

Your stop is one time 10pips so you need to enter 1$ for pips to risk 10$
Lets say your next trade is 20pips , you need to enter 0.5$ for pips to risk 10$
So to risk same money trade after trade you must enter not at same size, but at same risk size ^.
If you look only for patterns that you risk same pips (for exm 10 pips risk all the time) You will have a hard time finding them.
And you dont take alot of good patterns.

More 1 thing, on split the risk on all market and on few Strategies :

lets say I have open positions like this:

1 gold 0.01
1 chf 0.01
1 s&p500 0.01
1 us_bond 0.01
1 google 0.01
1 c_oil 0.01
1 corn 0.01
1 dax30 0.01

and you have

chf 0.08


and chf fall 40% like he did in 1 day with a gap... you take big loss...me small loss.


more exm

lets say I have open positions like this:

1 gold 0.01
1 chf 0.01
1 s&p500 0.01
1 us_bond 0.01
1 google 0.01
1 c_oil 0.01
1 corn 0.01
1 dax30 0.01


you have only gold 0.08
and gold dont make any move for 3 days.. or move near your stop..then go to take profit..then move back near the stop etc
So you stand with your position for 1 week and no money enter to your accounbt

And me... my other positions will work...and your stand..and no money enter to your account.
And money enter to my account


What you say on this ^ ? Of course everything I say is in a good collaborative spirit and for an interesting discussion.
  • #8,293
  • Apr 26, 2016 5:32am Apr 26, 2016 5:32am
Quoting claudia1
{quote} You're supposed to be the fit guy not the one moaning about cold weather and bad knees tell him Turnip!
Me !! I am older than young William but I still go out for long walks and swim regularly. My knees are okay but that's because I don't fall over the cider bottles:-)
I don't like cold weather and love trips to Italy to sample the sunshine and have a good Britisher moan about the heat and lack of fish and chips
every Saint has a past. Every Sinner has a Future
  • #8,294
  • Apr 26, 2016 5:38am Apr 26, 2016 5:38am
Billy is right -forget the long list of rules. Keep it simple: Price breaks the 4 hour high then go long: Price breaks the low then go short. Manage the trade, and, if successful, take your ten pips and get on with life.
Leave the wriggly lines and colours in the art gallery and essays in the schoolroom.
every Saint has a past. Every Sinner has a Future
  • #8,295
  • Apr 26, 2016 5:41am Apr 26, 2016 5:41am
Quoting turnip15
Billy is right -forget the long list of rules. Keep it simple: Price breaks the 4 hour high then go long: Price breaks the low then go short. Manage the trade, and, if successful, take your ten pips and get on with life. Leave the wriggly lines and colours in the art gallery and essays in the schoolroom.
No one said to anyone to change nothing , we just made An interesting discussion

*By the way to do what you say in the C_oil I think will work very good even with 15 -20 pips target
  • #8,296
  • Apr 26, 2016 5:55am Apr 26, 2016 5:55am
Quoting Nitsan_Levi
{quote} No one said to anyone to change nothing , we just made An interesting discussion
This is a discussion -people express 'opinions' for or 'against' something. Change involves agreement or imposition in replacing something with something else.
Just because anyone has an opinion different to yours, it does not follow that change is sought. Hope that solves the confusion evident in your posted sentence.
every Saint has a past. Every Sinner has a Future
  • #8,297
  • Apr 26, 2016 6:07am Apr 26, 2016 6:07am
Quoting claudia1
{quote} You're supposed to be the fit guy not the one moaning about cold weather and bad knees tell him Turnip!
funny thing is, I rarely feel the cold. we just had huge hail stones dropping
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,298
  • Apr 26, 2016 6:16am Apr 26, 2016 6:16am
Quoting billytt
{quote} funny thing is, I rarely feel the cold. we just had huge hail stones dropping
We got hailstones here and now thunder----spring!
Thinking of Spring I suddenly thought of rabbits
every Saint has a past. Every Sinner has a Future
  • #8,299
  • Apr 26, 2016 6:35am Apr 26, 2016 6:35am
Cable four hour breaks continued:

The noon to 4 pm bar is underway -Inside so far.
But I posited and idea a little while ago that when a bar closes the open of the next can be used as a datum point to enter a trade. On that basis I think we had ten pips already. But going back to the normal four hour break regime, we have, at time of writing ( 12:34 pm ) an Inside Bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4noon.jpg Size: 546 KB
every Saint has a past. Every Sinner has a Future
  • #8,300
  • Apr 26, 2016 7:11am Apr 26, 2016 7:11am
Quoting Nitsan_Levi
{quote} Price on 8h sma400 ^ {image}
The small time frame short out in take profit....

Now goona be a big fall from 8h sma400 to 8h sma200

*Dont say I dont told you
Attached Image (click to enlarge)
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