Billytt Die happy trading e/j daily breakout | Page 485 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #9,681
  • Aug 10, 2016 2:56pm Aug 10, 2016 2:56pm
Quoting claudia1
{quote} Mrs T let you away from the fencing? Bet she gone shopping. Hope all going to plan.
Mrs T went shopping with a neighbour leaving her neighbours husband and myself working on the fence.
William must be putting on his top hat and setting off for the dance hall by now
every Saint has a past. Every Sinner has a Future
  • #9,682
  • Aug 10, 2016 2:57pm Aug 10, 2016 2:57pm
Quoting turnip15
{quote} Mrs T went shopping with a neighbour leaving her neighbours husband and myself working on the fence. William must be putting on his top hat and setting off for the dance hall by now
lol yep it's dance night.
  • #9,683
  • Aug 10, 2016 3:11pm Aug 10, 2016 3:11pm
@soccerfan - the Scots really on my side. Scored one more whilst writing.
Attached Image (click to enlarge)
Click to Enlarge Name: celtic2.png Size: 581 KB
  • #9,684
  • Aug 10, 2016 6:29pm Aug 10, 2016 6:29pm
Quoting claudia1
@soccerfan - the Scots really on my side. Scored one more whilst writing. {image}
Well done, 5-0 at the end, wait til I place a bet on them...a 0-0 draw for sure...!!!

My trades went well yesterday at the end...drawdown of 41 at highest, I will have to decide on a S/L strategy though or I will be stuck in heavy neg...methinks,

Have a great day all..Cheers
Onwards and upwards...
  • #9,685
  • Aug 11, 2016 1:58am Aug 11, 2016 1:58am
t07-57 Trade well all, we had a fail on Cable low yesterday so that's a stat to remember, trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,686
  • Aug 11, 2016 2:15am Aug 11, 2016 2:15am
t08-14 A/U long went in, I got + 5% even though the +10 hadn't (for spread) now looking at cable.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,687
  • Aug 11, 2016 2:22am Aug 11, 2016 2:22am
A/U it did make +10 before retrace, if it drops below 04-00 low I might look for modest 60 daily range, lets see.
Attached Image

A = 04-00 candle
x = modest 60 range, which will be adjust accordingly
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,688
  • Aug 11, 2016 2:26am Aug 11, 2016 2:26am
t08-26 Cable broke low for an easy +10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,689
  • Aug 11, 2016 2:28am Aug 11, 2016 2:28am
Quoting billytt
t08-26 Cable broke low for an easy +10
Cable was also an easy win today .... still with my long A/U ...
trying to make everyday the best risk/reward decisions possible
  • #9,690
  • Aug 11, 2016 2:30am Aug 11, 2016 2:30am
Cable
Attached Image

A = 04-00 candle.
x = modest 100 range, which will be adjusted accordingly, (high has not been adjusted on chart yet)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,691
  • Aug 11, 2016 2:32am Aug 11, 2016 2:32am
Quoting slowbrain
{quote} Cable was also an easy win today .... still with my long A/U ...
Hi slowbrain, A/U has made +10 though so if you are looking for +5 you would of made it easily. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,692
  • Aug 11, 2016 2:36am Aug 11, 2016 2:36am
Quoting billytt
{quote} Hi slowbrain, A/U has made +10 though so if you are looking for +5 you would of made it easily. Trade well
Billytt

My entry on A/U was a bit late ... as i'm slow to key in , but normally i agree i should have close it , need to practice to key in faster ...
anyway will manage it

Thanks for your support .

SB
trying to make everyday the best risk/reward decisions possible
  • #9,693
  • Aug 11, 2016 2:39am Aug 11, 2016 2:39am
2 trades 2 wins, A/U was long and cable short.
Attached Image (click to enlarge)
Click to Enlarge Name: yay11th.PNG Size: 8 KB

I meant to say, Cable 04-00 range was 25 and A/U was 22, both ideal for countering. But I will concentrate on A/U if it drops
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,694
  • Aug 11, 2016 2:41am Aug 11, 2016 2:41am
Quoting slowbrain
{quote} Billytt My entry on A/U was a bit late ... as i'm slow to key in , but normally i agree i should have close it , need to practice to key in faster ... anyway will manage it Thanks for your support . SB
no problem SB, I hope you can see how I think? It is better and more certain to get +5 then hope for more. I say this in a nice constructive way. Forget about the guys who preach money management etc it is how you deal with a losing trade which matters.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,695
  • Aug 11, 2016 2:45am Aug 11, 2016 2:45am
Quoting billytt
{quote} no problem SB, I hope you can see how I think? It is better and more certain to get +5 then hope for more. I say this in a nice constructive way. Forget about the guys who preach money management etc it is how you deal with a losing trade which matters.
I totally agree ... i will manage it in a very safe way ... will counter trade with bigger lot size if A/U break the low ( but still reasonable lot size compare with my bankroll)
trying to make everyday the best risk/reward decisions possible
  • #9,696
  • Aug 11, 2016 2:49am Aug 11, 2016 2:49am
Quoting slowbrain
{quote} Billytt My entry on A/U was a bit late ... as i'm slow to key in , but normally i agree i should have close it , need to practice to key in faster ... anyway will manage it Thanks for your support . SB
Sometimes we have to manually enter a trade, like yesterday when Cable open was very close to the 04-00 low. I actually opened A/U manually today but I had a reason lol, Cable was automatic.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,697
  • Aug 11, 2016 2:51am Aug 11, 2016 2:51am
Quoting slowbrain
{quote} I totally agree ... i will manage it in a very safe way ... will counter trade with bigger lot size if A/U break the low ( but still reasonable lot size compare with my bankroll)
just be careful bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #9,698
  • Aug 11, 2016 4:13am Aug 11, 2016 4:13am
Quoting billytt
{quote} just be careful bud.
as always ...
trying to make everyday the best risk/reward decisions possible
  • #9,699
  • Edited 4:41am Aug 11, 2016 4:20am | Edited 4:41am
Quoting soccerfan
{quote} Well done, 5-0 at the end, wait til I place a bet on them...a 0-0 draw for sure...!!! My trades went well yesterday at the end...drawdown of 41 at highest, I will have to decide on a S/L strategy though or I will be stuck in heavy neg...methinks, Have a great day all..Cheers
Got 3 out of 3 wins on accumulator so far. Next on Paris St G tomorrow might lay that off. Edit: Celtic v Inter on Saturday that should see some goals. Need 2.5 + goals in the match.

S/L strategy is a tough one you either choose a fixed amount or use obvious support/resistance levels.

Billy's thoughts?
  • #9,700
  • Aug 11, 2016 4:45am Aug 11, 2016 4:45am
[quote=claudia1;9078269]{quote} Got 3 out of 3 wins on accumulator so far. Next on Paris St G tomorrow might lay that off.

Hi , you just reminded me about answering the stop loss post.
On paper it is wise to have a stop loss just in case you wipe out your account... BUT... in reality we should not lose so we do not need a stop loss. Normal trading method if daily or 4 hour is used, set stops at either end of the candle like below
Attached Image


Using the above method has many faults, as then you are looking at money management regarding wins versus losses AND take profit...
and you all know what I do ​ Trade A fails so counter at trade B, leave trade A open and add to winning trade, it works and I have billions of stats to back me up. (ok not billions) but you need legitimate entries, Daily High/Low or a decent 4 hour candle like 04-00 Asian session High/Low not MAs or resistance/support. Check all the stats for years and years and you will see. E/J is bad on the 04-00 break lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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