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Billytt Die happy trading e/j daily breakout

  • #10,101
  • Aug 30, 2016 6:47am Aug 30, 2016 6:47am
Quoting billytt
it seems the guy in the 20-20000 thread was just wiped out, OR he has about 18 left. that is a waste of 2
Just had a look. Shame because he had a good start.
  • #10,102
  • Aug 30, 2016 7:08am Aug 30, 2016 7:08am
Quoting claudia1
{quote} Just had a look. Shame because he had a good start.
it is a shame, he could of started today and been wiped out straight away. I am still not sure what he is trying to prove, either he is already very rich or just a plain gambler. I only trade small now because I do not have to trade big .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,103
  • Aug 30, 2016 7:21am Aug 30, 2016 7:21am
Quoting billytt
Mr T, an example from 29th June A/U. {image} High Trigger was 7423... A = break to 7429 ( this would of made +5) but it did not make +10 . it then dropped to (B) 7413. WE DID NOT KNOW HOW FAR RETRACE WOULD GO.. we could of entered a second trade below the 7423 anywhere we felt ok. We could of entered at 7414 and got 5 points or 14. This can go wrong. Yesterday with A/U the low failed so we could of had 2 losses. But then to shorten loss odds , use half size lots yay
Pull backs? Higher Highs and Higher Lows etc - just market structure?
every Saint has a past. Every Sinner has a Future
  • #10,104
  • Aug 30, 2016 7:33am Aug 30, 2016 7:33am
Quoting turnip15
{quote} Pull backs? Higher Highs and Higher Lows etc - just market structure?
no,,, I do not trade every retrace but I do trade them.
The high/low breaks then if it retraces before +10 is made we then have an opportunity to either enter a second trade OR trade this as a first trade. If we trade this as a first trade the stop loss is smaller(if used) and more gain can be made than +5...
The stats are good for a break of high/low to get +5 and that is what I aim for.....
Sometimes the second trade can be left to run maybe to a 00 or a level this way more points can be made even let it run to the daily average.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,105
  • Aug 30, 2016 9:23am Aug 30, 2016 9:23am
demo testing continues..
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  • #10,106
  • Aug 30, 2016 10:03am Aug 30, 2016 10:03am
Quoting billytt
{quote} no,,, I do not trade every retrace but I do trade them. The high/low breaks then if it retraces before +10 is made we then have an opportunity to either enter a second trade OR trade this as a first trade. If we trade this as a first trade the stop loss is smaller(if used) and more gain can be made than +5... The stats are good for a break of high/low to get +5 and that is what I aim for..... Sometimes the second trade can be left to run maybe to a 00 or a level this way more points can be made even let it run to the daily average.....
Aha -got it.
every Saint has a past. Every Sinner has a Future
  • #10,107
  • Aug 30, 2016 10:10am Aug 30, 2016 10:10am
Quoting DavidRP
demo testing continues.. {image}
You getting the hang of this it's not difficult is it.
  • #10,108
  • Aug 30, 2016 10:20am Aug 30, 2016 10:20am
Quoting claudia1
{quote} You getting the hang of this it's not difficult is it.
Finished for the day 17/17.

Not holding on to winners long enough and too many trades - nothing changes.
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  • #10,109
  • Aug 30, 2016 10:25am Aug 30, 2016 10:25am
Quoting claudia1
{quote} You getting the hang of this it's not difficult is it.
Yet, I expect some messes though. Then we'll see

how good it goes..
  • #10,110
  • Aug 30, 2016 12:39pm Aug 30, 2016 12:39pm
Will stop posting these daily as it's silly but, like Billy, I'm just trying to show that it can be done.
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  • #10,111
  • Aug 30, 2016 1:11pm Aug 30, 2016 1:11pm
Quoting claudia1
{quote} Finished for the day 17/17. Not holding on to winners long enough and too many trades - nothing changes. {image}
The main thing you are trading one pair and sticking with it.
Well done.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,112
  • Aug 30, 2016 1:24pm Aug 30, 2016 1:24pm
Quoting claudia1
Will stop posting these daily as it's silly but, like Billy, I'm just trying to show that it can be done. {image}
Good job as always.
  • #10,113
  • Aug 30, 2016 1:25pm Aug 30, 2016 1:25pm
Quoting TooSlow
{quote} The main thing you are trading one pair and sticking with it. Well done.
Thanks TS!!!

Hope you doing good. I been trading cable for years both at bank now as retail. Tried others but always come back to what I know.

Slow day today might liven up with US news tomorrow then run into NFP on Friday of course.

Good luck.
  • #10,114
  • Aug 30, 2016 1:25pm Aug 30, 2016 1:25pm
Quoting Tim_isoara
{quote} Good job as always.
Thanks Tim !!
  • #10,115
  • Aug 30, 2016 4:20pm Aug 30, 2016 4:20pm
Quoting TooSlow
{quote} The main thing you are trading one pair and sticking with it. Well done.
Hi Tooslow, you only need one pair or maybe another if the main pair isn't moving or news coming up.
My main pair used to be E/J but now it is A/U with Cable being traded more often as the moves are very good and solid since Brexit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,116
  • Aug 30, 2016 4:37pm Aug 30, 2016 4:37pm
[quote=claudia1;9110138]{quote} Finished for the day 17/17. Not holding on to winners long enough and too many trades - nothing changes.
I think we all have fear holding onto a winning trade for x amount. I get odd feelings if I am chasing modest Daily Range lol. that's probably why I do not do it often.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,117
  • Aug 30, 2016 4:40pm Aug 30, 2016 4:40pm
Quoting billytt
{quote} Hi Tooslow, you only need one pair or maybe another if the main pair isn't moving or news coming up. My main pair used to be E/J but now it is A/U with Cable being traded more often as the moves are very good and solid since Brexit.
I concur with you, billytt.
One pair.
One method.
Can't stress it to new traders enough.
Stick with one pair until you master the method and are profitable consistently.
E/J trades 24 hours a day.
A/U and N/U are good during their session.
Cable good during London and NY sessions.
Cheers.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,118
  • Aug 30, 2016 11:59pm Aug 30, 2016 11:59pm
trade well all, I was going to post the 04-00 candle on both Cable and A/U but it is very close to the low and I fear it would be incorrect by 08-00. time 07-59. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,119
  • Aug 31, 2016 12:06am Aug 31, 2016 12:06am
Cable at 08-03
Attached Image


A = 04-00 candle. h = high,,, l = low and a modest 100 daily range which will be adjusted,
04-00 candle is 33 range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,120
  • Aug 31, 2016 12:10am Aug 31, 2016 12:10am
A/U at t 08-08
Attached Image

A + 04-candle, range 31.
we are on a 00 .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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