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Billytt Die happy trading e/j daily breakout

  • #10,241
  • Sep 2, 2016 3:00am Sep 2, 2016 3:00am
Quoting wannalearn12
EJ is about to trigger yes? Will it retrace? The trade went absolutely beautifully! Thank you Billy and everyone for giving me information to study. Entered 115.822 Closed 115.900 {image}
Hi, you did well.
E/J was almost perfect trade. The high broke slight retrace of 3 then up for +10 (pre spread) Range of Thur was 80.
Attached Image

OR on the 04-00 4 hour candle, High broke for +6 this would of given you +5 after spread but the + 10 not made for stats.
04-00 Range was 32...
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,242
  • Sep 2, 2016 3:08am Sep 2, 2016 3:08am
Quoting wannalearn12
EJ is about to trigger yes? Will it retrace? The trade went absolutely beautifully! Thank you Billy and everyone for giving me information to study. Entered 115.822 Closed 115.900 {image}
We spoke about U/J earlier.. It did rise to the DP and retraced for +10/12 and went back up. nothing doing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,243
  • Sep 2, 2016 3:13am Sep 2, 2016 3:13am
Quoting slowbrain
I'm still with an hedge on A/U since yesterday , i didn't not take the short this morning ... no confidence in shorting , i'm waiting the break of the high of the 04:00 candle. i will increase lot size to close position. let's see how i goes (i hope to close it before NFP) SB
SB I am having serious problems with my charts so cannot answer yet .
Hedging/countering is good but be very careful. Only use a fraction of your bank roll even if only very little lot size.
As for NFP Direction, I have no idea. A/U on nfp day is not too bad but can be bad.
If you can, get out of trade. catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,244
  • Sep 2, 2016 3:22am Sep 2, 2016 3:22am
Quoting billytt
{quote} SB I am having serious problems with my charts so cannot answer yet . Hedging/countering is good but be very careful. Only use a fraction of your bank roll even if only very little lot size. As for NFP Direction, I have no idea. A/U on nfp day is not too bad but can be bad. If you can, get out of trade. catch you later
billytt

I split my bank roll for 5 counter trade (increasing lot size each time) after 5 it will be cost of doing business ( loss)
if i cannot unlock position before NFP i will lock it again and wait .
trying to make everyday the best risk/reward decisions possible
  • #10,245
  • Sep 2, 2016 3:24am Sep 2, 2016 3:24am
Quoting slowbrain
{quote} billytt I split my bank roll for 5 counter trade (increasing lot size each time) after 5 it will be cost of doing business ( loss) if i cannot unlock position before NFP i will lock it again and wait .
don't forget NFP might kill any stop loss if used, it didn't last time.
Attached Image

chart off different broker..
Yesterdays 04-00 high failed but the low was good. How come you are still in trade???
only asking nicely.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,246
  • Sep 2, 2016 3:31am Sep 2, 2016 3:31am
Quoting billytt
{quote} don't forget NFP might kill any stop loss if used, it didn't last time. {image} chart off different broker.. Yesterdays 04-00 high failed but the low was good. How come you are still in trade??? only asking nicely.
Billytt

My long and short was the same size , and i was waiting the 12:00 candle for next signal ( to enter with increased lot size) but the 12:00 candle range was too big so i skip it and decided to wait for this morning 04:00 candle ....but i understand what you mean , the game was to train myself (on real account) with an hedge to practice.

SB
trying to make everyday the best risk/reward decisions possible
  • #10,247
  • Sep 2, 2016 3:41am Sep 2, 2016 3:41am
Billytt

i'm a counter trend trader , so don't worry too much i'm good at margin management , and know the limit , and will never put my bank roll at risk ... i never use demo account even to test , better do it on real account to make like "stress test".( i don't use SL , i just lock the position if at risk)
i just need to be selective on the next signal , and yesterday 04:00 candle range was 13.9 pips i need a small TP to get out clean.

SB
trying to make everyday the best risk/reward decisions possible
  • #10,248
  • Sep 2, 2016 3:51am Sep 2, 2016 3:51am
[quote=slowbrain;9115720]{quote} Billytt My long and short was the same size , and i was waiting the 12:00 candle for next signal....
the 12-00 candle is good. If you trade off the 04-00 you use 04-00 stats, if you trade off the 12-00 you use 12-00 stats.
Be careful mixing the different candle trades BUT you are probably developing your own method. It looks promising actually. But stay focused and no guess work/thinking lol. said in a positive way
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,249
  • Sep 2, 2016 3:54am Sep 2, 2016 3:54am
Quoting slowbrain
Billytt i'm a counter trend trader , so don't worry too much i'm good at margin management , and know the limit , and will never put my bank roll at risk ... i never use demo account even to test , better do it on real account to make like "stress test".( i don't use SL , i just lock the position if at risk) i just need to be selective on the next signal , and yesterday 04:00 candle range was 13.9 pips i need a small TP to get out clean. SB
No problem bud and I know you know what you are doing. When I answer a post I am actually explaining to any person watching (lurkers). we probably trade the same regarding locking with hedge/counter and then wait for next trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,250
  • Sep 2, 2016 4:00am Sep 2, 2016 4:00am
[quote=slowbrain;9115752]Billytt i'm a counter trend trader , so don't worry too much i'm good at margin management , and know the limit , and will never put my bank roll at risk ... i never use demo account even to test , better do it on real account to make like "stress test".( i don't use SL ,''''
I had a demo account , I cannot remember when, maybe about a year ago and blew it in 2 or 3 days
I always test real at £1 per point on my daughters account like I am doing now with Dax. normal trade is £10pp unless I am wanting to buy something and then it gets ridiculous lol. and yes real trade is good for stress testing.
I have an imaginary stop loss for my stats​,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,251
  • Sep 2, 2016 5:12am Sep 2, 2016 5:12am
Dax stats Dec 2015 22 trades and 19 wins... include Christmas eve and New Years Eve..


total stats so far. 1st Sept 2015 to and inc 31st Dec 2015.
93 trades and 82 wins.
I am still obtaining stats.

edit, stats based on 06-00 2 hour candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,252
  • Sep 2, 2016 5:21am Sep 2, 2016 5:21am
I am still in that A/U trade, the low actually did trigger but my entry was a lot lower. It would still be a negative trade even if I had entered at correct place.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,253
  • Sep 2, 2016 9:00am Sep 2, 2016 9:00am
The Cable chart and "Billy Bar" break. Double top and lower close breaking the 4 am low on its' descent ?

I traded the 15 minute chart and got stopped out :-(
Attached Image (click to enlarge)
Click to Enlarge Name: Billy1458.jpg Size: 252 KB
every Saint has a past. Every Sinner has a Future
  • #10,254
  • Sep 2, 2016 9:07am Sep 2, 2016 9:07am
Quoting turnip15
The Cable chart and "Billy Bar" break. Double top and lower close breaking the 4 am low on its' descent ? I traded the 15 minute chart and got stopped out :-( {image}
Hi Mr T, Cable low broke then failed , high broke then failed and a few on the low again. I did short it by accident as I said and got out with a couple of points. I was leaving it alone today due to nfp and was still playing with Dax.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,255
  • Sep 2, 2016 9:09am Sep 2, 2016 9:09am
Quoting turnip15
The Cable chart and "Billy Bar" break. Double top and lower close breaking the 4 am low on its' descent ? I traded the 15 minute chart and got stopped out :-( {image}
Hi T. Don't understand. When the strategy is based on the 4h bar you trade off the 15 min.
  • #10,256
  • Sep 2, 2016 9:10am Sep 2, 2016 9:10am
Quoting turnip15
The Cable chart and "Billy Bar" break. Double top and lower close breaking the 4 am low on its' descent ? I traded the 15 minute chart and got stopped out :-( {image}
Bother - NFP day innit...should have kept my hands under my bottom.
every Saint has a past. Every Sinner has a Future
  • #10,257
  • Sep 2, 2016 9:11am Sep 2, 2016 9:11am
Quoting claudia1
{quote} Hi T. Don't understand. When the strategy is based on the 4h bar you trade off the 15 min.
I try and manage the trade on the 15 minute after the break...probably a daft thing to do ?
every Saint has a past. Every Sinner has a Future
  • #10,258
  • Edited 9:25am Sep 2, 2016 9:14am | Edited 9:25am
Quoting turnip15
{quote} I try and manage the trade on the 15 minute after the break...probably a daft thing to do ?
Oh I don't know Billy is the one to answer that. Nice short on cable just took off R1 with a spike on the 1h off 50 zone. Here we go again.

Edit: actually got in at 34 out at 19.
  • #10,259
  • Sep 2, 2016 9:18am Sep 2, 2016 9:18am
Quoting claudia1
{quote} Oh I don't know Billy is the one to answer that. Nice short on cable just took off R1 with a spike on the 1h off 50 zone. Here we go again.
Claudia - I just put pivot on one hour Cable chart. Do your pivots look like this ?
Attached Image (click to enlarge)
Click to Enlarge Name: ClaudiaPivot.jpg Size: 268 KB
every Saint has a past. Every Sinner has a Future
  • #10,260
  • Sep 2, 2016 9:24am Sep 2, 2016 9:24am
Quoting turnip15
{quote} Claudia - I just put pivot on one hour Cable chart. Do your pivots look like this ? {image}
That's what I'm seeing.
Attached Image (click to enlarge)
Click to Enlarge Name: Pivots.png Size: 33 KB
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