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Billytt Die happy trading e/j daily breakout

  • #10,681
  • Sep 8, 2016 2:50am Sep 8, 2016 2:50am
Quoting billytt
{quote} feasted ? I like the words... The +5 has been made even though I did not trade it today. Dax is being naughty but that is why I am trading it small lot size to get feel .. I actually think the 07-00 range is too small (13) but hey ho
Maybe make the goal smaller then?
  • #10,682
  • Sep 8, 2016 2:53am Sep 8, 2016 2:53am
A/U & Cable 04-00 break have both made +10. I did not trade A/U but got +5 on Cable.
Dax is whipping and being troublesome, I have counters on it. If it drops below the 07-00 1 hour range I will be ok, otherwise I wait in limbo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,683
  • Sep 8, 2016 2:55am Sep 8, 2016 2:55am
Quoting wannalearn12
{quote} Maybe make the goal smaller then?
maybe, with Cable and a/U I prefer the range to be approx. 25/30 that is good to work with..
Probably will be the same with Dax (still learning)

edit, I am actually looking more at hitting the daily range with dax...We have news out later too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,684
  • Sep 8, 2016 2:56am Sep 8, 2016 2:56am
Quoting billytt
{quote} maybe, with Cable and a/U I prefer the range to be approx. 25/30 that is good to work with.. Probably will be the same with Dax (still learning)
That's on the 4h bar right?
  • #10,685
  • Sep 8, 2016 3:00am Sep 8, 2016 3:00am
Quoting bluemosaic
{quote} Got +5 within about 10 seconds - moved quickly for those. Now in GBPUSD long - just about triggered the 04-00 high of 1.3354 (triggered at 1.33543) - perhaps I should have added a pip margin at the top ie set order at 1.3355? Will wait and see..

Got the +5 on GPDUSD.
So +10 for the day - now just have to learn to be happy with that and adjust the position size (only trading 1-2 pp at this time) :-)
  • #10,686
  • Sep 8, 2016 3:06am Sep 8, 2016 3:06am
Quoting wannalearn12
{quote} That's on the 4h bar right?
Cable and A/U trade the 04-00 4 hour bar..
Dax trade the 07-00 1 hour bar lol..
It is very rare I trade more than 2 pairs.. but like I said, I left A/U today, maybe if it drops lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,687
  • Sep 8, 2016 3:07am Sep 8, 2016 3:07am
Quoting bluemosaic
{quote} Got the +5 on GPDUSD. So +10 for the day - now just have to learn to be happy with that and adjust the position size (only trading 1-2 pp at this time) :-)
that is good. Now the boring part,,,,waiting for next trigger
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,688
  • Sep 8, 2016 3:15am Sep 8, 2016 3:15am
EurJpy is off the 04-00 list?
  • #10,689
  • Sep 8, 2016 3:22am Sep 8, 2016 3:22am
Quoting billytt
{quote} that is good. Now the boring part,,,,waiting for next trigger
So the next trigger would always be a break of the 4-00 bar - that is correct isn't it?
ie.. always using that 04-00 bar and not later ones.

is this correct?
  • #10,690
  • Sep 8, 2016 3:36am Sep 8, 2016 3:36am
Quoting wannalearn12
EurJpy is off the 04-00 list?
my stats for E/J on the 04-00 break could be better lol, I personally leave it alone..

edit,, E/J for last 20 trades we had 19 wins and 1 loss lol. The loss was on 2nd Sept.
3 trades less than 20 points. that tells a story..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,691
  • Sep 8, 2016 3:37am Sep 8, 2016 3:37am
Quoting bluemosaic
{quote} So the next trigger would always be a break of the 4-00 bar - that is correct isn't it? ie.. always using that 04-00 bar and not later ones. is this correct?
yes,

edit, if you do not trade you do not lose....
You could use another trigger but your winning stats change. You could make more and lose more.
I am only speaking of 04-00 or Daily Break...
You can always look for a pair consolidating or an inside bar , 00 etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,692
  • Sep 8, 2016 3:43am Sep 8, 2016 3:43am
Quoting billytt
{quote} that is good. Now the boring part,,,,waiting for next trigger
Morning !

Or enjoy the nice weather and have a life for a change.

It's not about the pips, it's about the monetary units per pip
Try buying a bread with pips
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,693
  • Sep 8, 2016 3:47am Sep 8, 2016 3:47am
Quoting billytt
{quote} yes, edit, if you do not trade you do not lose.... You could use another trigger but your winning stats change. You could make more and lose more. I am only speaking of 04-00 or Daily Break... You can always look for a pair consolidating or an inside bar , 00 etc.
Ah yes of course, something like locked in negative profit on X/Y, made at least the same amount in positive profit on A/B, done.
But only if I know the stats.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,694
  • Sep 8, 2016 3:48am Sep 8, 2016 3:48am
[quote=PippyTheGrt;9126521]{quote} Morning ! Or enjoy the nice weather and have a life for a change. It's not about the pips, it's about the monetary units per pip Try buying a bread with pips [/quo

Correct, excluding Dax every point I make on A/U & Cable is 1 % of 1k...and good morning...
I am watering my flowers and keeping an eye on dax as it is messing me around but I am almost good with it now....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,695
  • Sep 8, 2016 3:50am Sep 8, 2016 3:50am
Quoting PippyTheGrt
{quote} Ah yes of course, something like locked in negative profit on X/Y, made at least the same amount in positive profit on A/B, done. But only if I know the stats.
correct and if you have 2 winning trades early on in the day, That is trading over for the day...So what can you do.. trade consolidation, ibs etc. I am only suggesting this as they are good trading methods.. I am not trying to say do not trade anything else lol..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,696
  • Sep 8, 2016 3:57am Sep 8, 2016 3:57am
Quoting billytt
{quote} correct and if you have 2 winning trades early on in the day, That is trading over for the day...So what can you do.. trade consolidation, ibs etc. I am only suggesting this as they are good trading methods.. I am not trying to say do not trade anything else lol..
Great advice from you all as usual - sitting on my hands now for the day :-)
  • #10,697
  • Sep 8, 2016 4:10am Sep 8, 2016 4:10am
Quoting bluemosaic
{quote} So the next trigger would always be a break of the 4-00 bar - that is correct isn't it? ie.. always using that 04-00 bar and not later ones. is this correct?
what I am trying to say is, have a method and stick to it.. If it goes bad fix it.. If it is good then wait for next day or pair.
If you then decide to trade a different method you are then at risk.
Even if the other methods are good you should not mix them..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,698
  • Sep 8, 2016 4:12am Sep 8, 2016 4:12am
Quoting bluemosaic
{quote} Great advice from you all as usual - sitting on my hands now for the day :-)
study this, it will keep you occupied
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,699
  • Sep 8, 2016 4:15am Sep 8, 2016 4:15am
Quoting billytt
{quote} correct and if you have 2 winning trades early on in the day, That is trading over for the day...So what can you do.. trade consolidation, ibs etc. I am only suggesting this as they are good trading methods.. I am not trying to say do not trade anything else lol..
lol
Of course. When over a daily goal I lower the stakes so as to not give back what I earned. That way I also keep the little amount of hair on my head I still have left

Ibs can be a real nice one. Peter Crowns.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,700
  • Sep 8, 2016 4:17am Sep 8, 2016 4:17am
Quoting billytt
{quote} study this, it will keep you occupied {image}
Charting the uncharted ............. he's still around http://www.daddybearforex.com/index.html
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