Billytt Die happy trading e/j daily breakout | Page 520 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #10,381
  • Sep 2, 2016 3:40pm Sep 2, 2016 3:40pm
Quoting TooSlow
{quote} Inside/Outside bar breaks? Master candles?
was that to me,, daily ibs are good some 4 hour ibs good...don't forget an ib might be start of a trend change.. I am away now but we can speak more about them... At the moment stick to 04-00 break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,382
  • Sep 2, 2016 3:41pm Sep 2, 2016 3:41pm
Quoting TooSlow
{image} Have you had a look at transient zones?
KEEP IT SIMPLE,,,,,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,383
  • Sep 2, 2016 6:07pm Sep 2, 2016 6:07pm
Quoting billytt
{quote} KEEP IT SIMPLE,,,,,,,
They are simple once you understand.
Price returns.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,384
  • Sep 3, 2016 8:22pm Sep 3, 2016 8:22pm
Every time I read Billy in this thread.
Inserted Video
  • #10,385
  • Sep 3, 2016 9:47pm Sep 3, 2016 9:47pm
Quoting wannalearn12
Every time I read Billy in this thread. https://www.youtube.com/watch?v=co5xVHsMRV0
lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,386
  • Sep 3, 2016 9:59pm Sep 3, 2016 9:59pm
04-00 and collating stats, that is commitment lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,387
  • Sep 3, 2016 10:53pm Sep 3, 2016 10:53pm
Quoting billytt
04-00 and collating stats, that is commitment lol.
I was taking a gander through your posted charts, (thank you for posting) ... the 04-00 billy bar ( I believe I understand it) I am not sure if the four stands for 4 am of a certain time zone... Just trying to sort it out to my time zone so I can locate the bar. Does compounding mean adding on to the trade at certain points?
  • #10,388
  • Sep 4, 2016 6:12am Sep 4, 2016 6:12am
[quote=wannalearn12;9118513]{quote} I was taking a gander through your posted charts, (thank

Hello Wannalearn, 04-00 candle is UK time.... open at 04-00 and close at 08-00.... This is when UK market opens,,,,
Compounding is doubling up on your winning trade,
example,,, I place a trade at 1 per point with 20 stop loss and close trade at +20 pips..
S0 20 lot ( 1 per pip) +20 profit =40....
next trade 40 lot (2 per pip) + 80 profit

next trade 80 lot (4 per pip) +160 profit

that is compounding at its simplest using a stop..Variations can be used and it is a very good way to build account but you need a good strike rate/method.... Don't forget you can then lose your account (20) but their is a way around it...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,389
  • Sep 4, 2016 7:21am Sep 4, 2016 7:21am
Quoting billytt
Quoting wannalearn12
{quote} I was taking a gander through your posted charts, (thank Hello Wannalearn, 04-00 candle is UK time.... open at 04-00 and close at 08-00.... This is when UK market opens,,,, Compounding is doubling up on your winning trade, example,,, I place a trade at 1 per point with 20 stop loss and close trade at +20 pips.. S0 20 lot ( 1 per pip) +20 profit =40.... next trade 40 lot (2 per pip) + 80 profit next trade 80 lot (4 per pip) +160 profit that is compounding at its simplest using a stop..Variations can be used
...
Going to disagree - compounding is exponential and therefore not necessarily doubling up.
  • #10,390
  • Sep 4, 2016 7:24am Sep 4, 2016 7:24am
Quoting claudia1
{quote}{quote} Going to disagree - compounding is exponential and therefore not necessarily doubling up.
doubling up from your starting 20,,(example)

3 trades at 20 profit = 60
3 trades compounding 160.
perhaps I explained wrong..

and I am speaking doubling up every time that is why I said quote,,,, Variations can be used....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,391
  • Sep 4, 2016 7:26am Sep 4, 2016 7:26am
I am off to a picnic in 10 mins to an old castle with the dancing people.. Weather isn't too good but it is not raining...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,392
  • Sep 4, 2016 7:28am Sep 4, 2016 7:28am
Love this song probably posted before but is Sunday.
Inserted Video
  • #10,393
  • Sep 4, 2016 7:30am Sep 4, 2016 7:30am
Quoting billytt
{quote} doubling up from your starting 20,,(example) 3 trades at 20 profit = 60 3 trades compounding 160. perhaps I explained wrong..
I know what you mean. Hey enjoy the picnic got sunshine up here.
  • #10,394
  • Edited 7:53am Sep 4, 2016 7:38am | Edited 7:53am
Simple take on g/u for Monday.

Consolidating nicely in the box on 60 min - orders either side is the obvious way.

Edit: found support around the 90 zone for last 6 hours running into close. Came off the 50 area attempted x 2 on Friday.

High impact news at 9.30 am Monday. Be patient this should continue down but then who knows ........
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonday.png Size: 28 KB
  • #10,395
  • Sep 4, 2016 10:20am Sep 4, 2016 10:20am
Quoting billytt
{quote} doubling up from your starting 20,,(example) 3 trades at 20 profit = 60 3 trades compounding 160. perhaps I explained wrong.. and I am speaking doubling up every time that is why I said quote,,,, Variations can be used....
I understand, thank you . My eyes have been opened significantly. Next week I will post my results.
  • #10,396
  • Sep 4, 2016 11:38am Sep 4, 2016 11:38am
back.... had a good time. The weather wasn't cold but dull. I even played rounders ,boys versus girls. It got quite competitive lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,397
  • Edited 11:58am Sep 4, 2016 11:42am | Edited 11:58am
Quoting wannalearn12
{quote} I understand, thank you . My eyes have been opened significantly. Next week I will post my results.
when I spoke of compounding or what ever it is called.
You need to be selective with the trades and have a slightly different approach...
that guy in the 50-20000 thread should of nailed it with the moves Dax has made last week.

edit, I suppose you could just double up on the interest (a variation)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,398
  • Sep 4, 2016 11:56am Sep 4, 2016 11:56am
Quoting claudia1
Simple take on g/u for Monday. Consolidating nicely in the box on 60 min - orders either side is the obvious way. Edit: found support around the 90 zone for last 6 hours running into close. Came off the 50 area attempted x 2 on Friday. High impact news at 9.30 am Monday. Be patient this should continue down but then who knows ........ {image}
Cable does look good for that break,hopefully down
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,399
  • Sep 4, 2016 12:10pm Sep 4, 2016 12:10pm
Wannalearn, something to look at.
Attached Image

Fri G/U 4 hour chart....
A = 04-00 candle... L = low,, h = high..
The low broke and actually failed. and what do I say ???
I say good odds if low fails the high will make +20 and the Daily Range (or modest 100) or vice versa.
look what happened. High broke for + 60 and it actually just made the modest 100 range...
It broke high at 13292,,, what happened IF you compounded every 20 points. instead ok making 60 points you would of made 160..(or very close.... you could even compound at 30 or 15 or being very greedy every 10 lol.

Obviously it may not work every time but I hope you understand, look for clues , obtain info

edit,, you are actually hunting the Daily Range... I used to trade spikes on oil with a very fast sytem which is now defunct.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,400
  • Sep 4, 2016 12:39pm Sep 4, 2016 12:39pm
dax Stats 06-00 2 hour candle,,
from 1st Sept 2015 until and including 29thApril 2016

176 trades and 157 wins...
the more I look at the charts the more I like the 1 hour break off the 23-00 and 07-00 candle..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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