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Billytt Die happy trading e/j daily breakout

  • #9,261
  • Jul 15, 2016 2:14pm Jul 15, 2016 2:14pm
Quoting claudia1
Here we go and there's my day Last post of statement all I'm doing is proving that it can be done all you need is some confidence and self belief. Hey Billy been a good week need wine. {image}
This looks like a net of about 57 pips for the day. Is that using just the Pivot strategy or is this another strategy? Anyway it sure works good.
  • #9,262
  • Jul 15, 2016 2:36pm Jul 15, 2016 2:36pm
Quoting billytt
{quote} agreed, boring and simple (not me)
Bah - you put the brackets in and spoiled my planned response
every Saint has a past. Every Sinner has a Future
  • #9,263
  • Jul 15, 2016 3:56pm Jul 15, 2016 3:56pm
Quoting tomthepoppop
{quote} This looks like a net of about 57 pips for the day. Is that using just the Pivot strategy or is this another strategy? Anyway it sure works good.
No not pivots just selling what I see. Might sound crazy and hard to explain but a good day.
  • #9,264
  • Jul 15, 2016 7:49pm Jul 15, 2016 7:49pm
Quoting billytt
{quote} Hi, just be careful doing that. If you catch the trend it is good but it can hurt. g/U is pretty good at the moment for doing hourly breaks. Trade well
Good advice, I shall be careful as you say..Cheers
Onwards and upwards...
  • #9,265
  • Edited 11:10pm Jul 15, 2016 7:53pm | Edited 11:10pm
Quoting claudia1
{quote} If you want to learn more about pivot trading go to Amazon and buy Secrets of a Pivot Boss by Franklin O. Ochoa. It's not cheap but well worth a read.
I have checked out some Aussie book suppliers and will get my order in asap

thanks for the tip, S F
Onwards and upwards...
  • #9,266
  • Jul 15, 2016 8:08pm Jul 15, 2016 8:08pm
(quote jmn5611)Ha! That is what a chart looks like with too many indies in the chart pane. Well I see an Ichimoku, and TD auto trend lines on there. Poor bloke also has and auto pivot line indie on there. It also looks like an M5 chart or below. I am sure he will figure it out. Can I have my boat now?

Hi JMN5611...I think Billytt created the chart as a joke...it was never my chart, sorry for the confusion
Onwards and upwards...
  • #9,267
  • Jul 15, 2016 10:30pm Jul 15, 2016 10:30pm
Quoting soccerfan
(quote jmn5611)Ha! That is what a chart looks like with too many indies in the chart pane. Well I see an Ichimoku, and TD auto trend lines on there. Poor bloke also has and auto pivot line indie on there. It also looks like an M5 chart or below. I am sure he will figure it out. Can I have my boat now? Hi JMN5611...I think Billytt created the chart as a joke...it was never my chart, sorry for the confusion
soccerfan, that was a legitimate chart posted by a nutter a long time ago. In fact he posted many .We try not to speak of him any more. Was fun though in a sad way as he wanted people to buy his method,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,268
  • Jul 15, 2016 10:32pm Jul 15, 2016 10:32pm
omg it is 04-30, bed time . I helped out in my friends club Fri evening zzzzzzzzzzzzz
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,269
  • Jul 15, 2016 11:10pm Jul 15, 2016 11:10pm
Quoting billytt
{quote} soccerfan, that was a legitimate chart posted by a nutter a long time ago. In fact he posted many .We try not to speak of him any more. Was fun though in a sad way as he wanted people to buy his method,
Hi Billytt....It sure is a strange looking thing...I just didn't want anyone to think it was mine...thanks for explaining

Have a great weekend and thanks once more for all your posts and advice

Cheers S F
Onwards and upwards...
  • #9,270
  • Jul 16, 2016 3:27am Jul 16, 2016 3:27am
Quoting soccerfan
{quote} Hi Billytt....It sure is a strange looking thing...I just didn't want anyone to think it was mine...thanks for explaining Have a great weekend and thanks once more for all your posts and advice Cheers S F
lol I know whose it is. Billy's old friend Mr Bear.
  • #9,271
  • Jul 16, 2016 5:24am Jul 16, 2016 5:24am
Quoting claudia1
{quote} lol I know whose it is. Billy's old friend Mr Bear.
lol, charts now showing in art gallery South Bank
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,272
  • Jul 16, 2016 5:59am Jul 16, 2016 5:59am
Quoting billytt
{quote} lol, charts now showing in art gallery South Bank
Maybe T could paint one better.
  • #9,273
  • Edited 6:49pm Jul 16, 2016 6:33pm | Edited 6:49pm
Quoting claudia1
{quote} If you want to learn more about pivot trading go to Amazon and buy Secrets of a Pivot Boss by Franklin O. Ochoa. It's not cheap but well worth a read.
Hi Claudia1 I managed to get the pivot book on a Kindle thingy....388 pages, got to p 60 already ...vv interesting so far, thanks for the tip

have a great week
Onwards and upwards...
  • #9,274
  • Edited 1:46am Jul 17, 2016 1:21am | Edited 1:46am
hi all

Am still here following this thread closely. Great stuff.
One thing i am struggling with is risk reward. If i set an open on the 4.00 bar close to break to the high (for example) with a target of 10 pips then where do i place a stop ie. Where do i decide that this has failed? if i place it at bar low then this means risk reward proportion is wrong and risking too much compared to potential return.Trading like this is likely unsustainable. Any advice on managing this appreciated
  • #9,275
  • Jul 17, 2016 6:34am Jul 17, 2016 6:34am
Quoting soccerfan
{quote} Hi Claudia1 I managed to get the pivot book on a Kindle thingy....388 pages, got to p 60 already ...vv interesting so far, thanks for the tip have a great week
In one day! Should be finished by tomorrow at this rate. But seriously I hope you get something positive out of it.
  • #9,276
  • Jul 17, 2016 6:07pm Jul 17, 2016 6:07pm
[quote=bluemosaic;9033638]hi all Am still here following this thread closely. Great stuff. One thing i am struggling with is risk reward. If i set an open on the 4.00 bar close to break to the....

Hi, If you look for risk reward you will fail.
Look at the 90% failures.
My way of trading is based on making bad trades good.
You will probably be ok trading 04-00 break using a 20 stop and looking for +20 ie 1/1.
I will let Claudia answer for her self.
As long as you have good odds/stats/method and bank roll you will be ok.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,277
  • Jul 17, 2016 6:46pm Jul 17, 2016 6:46pm
[quote=billytt;9034385]
Quoting bluemosaic
hi all Am still here following this thread closely. Great stuff. One thing i am struggling with is risk reward. If i set an open on the 4.00 bar close to break to the.... Hi, If you look for risk reward you will fail. Look at the 90% failures. My way of trading is based on making bad trades good. You will probably be ok trading 04-00 break using a 20 stop and looking for +20 ie 1/1. I will let Claudia answer for her self. As long as you have good odds/stats/method and bank roll you will be ok.
I read the question this morning and nearly replied. But first it's your thread and second your system so left it.

It's a really simple question but nearly impossible to answer. It really depends what you looking for and attitude to risk/size of account etc. I don't normally use hard stops but then I am happy to keeping adding.
  • #9,278
  • Jul 17, 2016 6:55pm Jul 17, 2016 6:55pm
I noticed that A/U has broken trnd line on both daily and 4 hour candle, so maybe a drop. Just worried about that 00... Lets see a good 04-00 break.

edit, it broke the trend line on Fri, I have just been informed lol. I am not saying after the event.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,279
  • Jul 17, 2016 7:01pm Jul 17, 2016 7:01pm
[quote=claudia1;9034419][quote=billytt;9034385]{quote} I read the question this morning and nearly replied. But first it's your thread and second your system so left it. It's a really simple question but nearly impossible to answer


yes, but it is input... I know you add on whereas I look for next trigger both ways work.
Was going to say to Blue, depending on break ,you can look for the daily range and make a lot more %%%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,280
  • Jul 17, 2016 7:04pm Jul 17, 2016 7:04pm
[quote=billytt;9034430][quote=claudia1;9034419]
Quoting billytt
{quote} I read the question this morning and nearly replied. But first it's your thread and second your system so left it. It's a really simple question but nearly impossible to answer yes, but it is input... I know you add on whereas I look for next trigger both ways work. Was going to say to Blue, depending on break ,you can look for the daily range and make a lot more %%%
That's true but also be aware of where the numbers are - being 00 etc.
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