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Billytt Die happy trading e/j daily breakout

  • #8,401
  • May 2, 2016 3:19pm May 2, 2016 3:19pm
Quoting turnip15
No ten pips for me on break of Cable High? Would a better plan be to lock in 5 pips each time -is that practicable ? {image}
Hello Mr T and nice dog,
As i have said many many times including today, my stats are based on +10 pre spread, but I nearly always take 5, I could even take 8. Time is 21-15 and I have no idea how the markets went after I closed my pc down this morning. Cable at the time only made +9 but i got my 5 then got out.
We do have losses but we need to know how to correct a bad trade..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,402
  • May 2, 2016 3:22pm May 2, 2016 3:22pm
Quoting billytt
{quote} Hello Mr T and nice dog, As i have said many many times including today, my stats are based on +10 pre spread, but I nearly always take 5, I could even take 8. Time is 21-15 and I have no idea how the markets went after I closed my pc down this morning. Cable at the time only made +9 but i got my 5 then got out. We do have losses but we need to know how to correct a bad trade..
Yep but that is the hard bit for most to grasp and you need a decent account. Happened to me this afternoon was in an awful mess but ended up well ahead compounding. Not for the feint of heart. 36.8% up last month happy.

Edit: not sure if compounding is the right word.
  • #8,403
  • May 2, 2016 3:32pm May 2, 2016 3:32pm
[quote=jackeollio;8904358]{quote} ​Nitsan doesn't care! He actually thinks he's a trader. I saw one of his charts where he

Mr jackeollio , we are aware of your friend . If you would like to speak about our trading methods or make constructive criticism you may. But keep this room happy.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,404
  • May 2, 2016 3:34pm May 2, 2016 3:34pm
Quoting claudia1
{quote} Yep but that is the hard bit for most to grasp and you need a decent account. Happened to me this afternoon was in an awful mess but ended up well ahead compounding. Not for the feint of heart. 36.8% up last month happy. Edit: not sure if compounding is the right word.
I agree, I do forget;,.. erm not sure what to say lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,405
  • May 2, 2016 3:35pm May 2, 2016 3:35pm
Quoting claudia1
{quote} Yep but that is the hard bit for most to grasp and you need a decent account. Happened to me this afternoon was in an awful mess but ended up well ahead compounding. Not for the feint of heart. 36.8% up last month happy. Edit: not sure if compounding is the right word.
compounding is not the right word, But I know what you mean
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,406
  • May 2, 2016 3:38pm May 2, 2016 3:38pm
Quoting billytt
{quote} I agree, I do forget;,.. erm not sure what to say lol
Not much can be said.
  • #8,407
  • May 2, 2016 3:46pm May 2, 2016 3:46pm
I just looked at Cable Chart, It almost did the modest 100 range yay.i shall post chart tomorrow. No idea what so ever about A/U.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,408
  • May 2, 2016 3:52pm May 2, 2016 3:52pm
Quoting billytt
I just looked at Cable Chart, It almost did the modest 100 range yay.i shall post chart tomorrow. No idea what so ever about A/U.
Cable I got at 105.2 which surprised me with the holiday. Should be a good week with lots of data out including NFP of course which could influence US interest rates next time (June?). Cable's being pushed up and will fall heavy but when?

June 23rd has a lot to answer for. I started selling my equity account off last week and will continue and sit on cash until the nonsense is over.
  • #8,409
  • May 3, 2016 1:53am May 3, 2016 1:53am
No trading for me today, Both Cable and A/U ranges on 04-00 are far too big for me. This would be like trading the Daily.
I could trade them but I do not need the trouble, I shall make double tomorrow .
Plus,,,,, the high/low need to trigger first. Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,410
  • May 3, 2016 1:59am May 3, 2016 1:59am
Cable , modest 100 range.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,411
  • May 3, 2016 2:06am May 3, 2016 2:06am
maybe Cable will drop down to R1 then even dp. lol still not touching it. I think I shall take the dog out woof
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,412
  • May 3, 2016 2:38am May 3, 2016 2:38am
Cable, I posted earlier about getting 5 points and not waiting for +10.
This chart is from approx. 08-34. Cable high broke and made +9. This was enough for my +5 so it doesn't matter if it drops. But this would be good for my stats as it would be classed as a loss. Giving me better odds for tomorrow.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,413
  • May 3, 2016 2:43am May 3, 2016 2:43am
Quoting billytt
Cable, I posted earlier about getting 5 points and not waiting for +10. This chart is from approx. 08-34. Cable high broke and made +9. This was enough for my +5 so it doesn't matter if it drops. But this would be good for my stats as it would be classed as a loss. Giving me better odds for tomorrow. {image}
4800 next stop here.
  • #8,414
  • May 3, 2016 2:46am May 3, 2016 2:46am
Cable, time 08-44.
The modest 100 range has been made and the +10.
That was easier than I thought lol.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,415
  • May 3, 2016 2:47am May 3, 2016 2:47am
Quoting claudia1
{quote} 4800 next stop here.
it looks like it Claudia, it hung around that area in December
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,416
  • May 3, 2016 3:06am May 3, 2016 3:06am
Quoting billytt
{quote} it looks like it Claudia, it hung around that area in December
Strange times. U/J is falling off the planet, U/C keeps going down etc etc.

See what the news brings at 9.30 then off we go again on G/U.
  • #8,417
  • May 3, 2016 3:14am May 3, 2016 3:14am
Quoting claudia1
{quote} Strange times. U/J is falling off the planet, U/C keeps going down etc etc. See what the news brings at 9.30 then off we go again on G/U.
This appears to be part of the problem
Attached Image
  • #8,418
  • May 3, 2016 4:17am May 3, 2016 4:17am
Quoting claudia1
{quote} Yep but that is the hard bit for most to grasp and you need a decent account. Happened to me this afternoon was in an awful mess but ended up well ahead compounding. Not for the feint of heart. 36.8% up last month happy. Edit: not sure if compounding is the right word.
Claudia,

May I ask you what would be a decent account? maybe a 50k?

thanks
  • #8,419
  • May 3, 2016 4:30am May 3, 2016 4:30am
Quoting DavidRP
{quote} Claudia, May I ask you what would be a decent account? maybe a 50k? thanks
Hi David.

I really don't know how to answer this as there are so many things to be considered and it is really down to individual circumstances. Help Billy!
  • #8,420
  • May 3, 2016 5:04am May 3, 2016 5:04am
Quoting claudia1
{quote} Hi David. I really don't know how to answer this as there are so many things to be considered and it is really down to individual circumstances. Help Billy!

yep I know

but if we can have 100 a day maybe we need a 10.000... that's what I meant. Just based on your experience
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