Billytt Die happy trading e/j daily breakout | Page 549 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #10,961
  • Sep 12, 2016 4:50am Sep 12, 2016 4:50am
[quote=wannalearn12;9133399]{quote} Very clear. I think

you can make the +5 on the retrace before the actual +5 off the low break OR +10 if both combined....
Ok it kept dropping but it doesn't matter ( to me it doesn't) I got +5...
usd/cad is now slightly different, The low failed so I countered at the high break. I am now looking for the Daily Range which is about 30+ away. if i get bad thoughts I will close it and look for next trigger which will probably be tomorrow
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,962
  • Sep 12, 2016 4:59am Sep 12, 2016 4:59am
Quoting turnip15
Cable High break failure-posted 0936 hours {image}
Cable now at 10:58 hours -short for Billy?
Attached Image (click to enlarge)
Click to Enlarge Name: cable1058.jpg Size: 281 KB
every Saint has a past. Every Sinner has a Future
  • #10,963
  • Sep 12, 2016 4:59am Sep 12, 2016 4:59am
Quoting turnip15
Cable High break failure-posted 0936 hours {image}
yes indeed Mr T, I had not looked at it until you posted...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,964
  • Sep 12, 2016 5:01am Sep 12, 2016 5:01am
Quoting turnip15
{quote} Cable now at 10:58 hours -short for Billy? {image}
lol, I had just posted, No Mr T I made 5 on A/U and am sorting this usd/cad trade, I am not touching g/u. it is too late now anyway. but it would of been good..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,965
  • Edited 5:29am Sep 12, 2016 5:17am | Edited 5:29am
usd/cad this is what I am looking for a modest daily range of 90 , don't forget the low failed, and I am making bad trade good
Attached Image


edit, looking for the high lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,966
  • Sep 12, 2016 5:25am Sep 12, 2016 5:25am
Quoting billytt
usd/cad this is what I am looking for a modest daily range of 90 , don't forget the low failed, and I am making bad trade good {image}
Why do you not close the other trade when countering like this? Are you waiting for it to drop back to the entry? From the looks of it you could have compounded well into profit by now?
  • #10,967
  • Sep 12, 2016 5:37am Sep 12, 2016 5:37am
Quoting wannalearn12
{quote} Why do you not close the other trade when countering like this? Are you waiting for it to drop back to the entry? From the looks of it you could have compounded well into profit by now?
you speak after the event, that is easy. I know what I am doing... I can see what you mean though. some close a bad trade but I keep mine in limbo. Don't forget I have other trades running

edit, in the battle we have ground force, AND artillery AND air power
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,968
  • Sep 12, 2016 5:48am Sep 12, 2016 5:48am
Quoting billytt
{quote} you speak after the event, that is easy. I know what I am doing... I can see what you mean though. some close a bad trade but I keep mine in limbo. Don't forget I have other trades running edit, in the battle we have ground force, AND artillery AND air power
I meant no disrespect. I was just inquiring. Did you counter at the next trigger or at a certain level? I admittedly don't know what I am doing 90% of the time. Lol
  • #10,969
  • Sep 12, 2016 5:53am Sep 12, 2016 5:53am
Quoting wannalearn12
{quote} I meant no disrespect. I was just inquiring. Did you counter at the next trigger or at a certain level? I admittedly don't know what I am doing 90% of the time. Lol
no problem, you are ok.Keep questioning.. I made counter on the break of High. so I am - 16 (actually -18) no matter what happens...

I also made + 5 off the High break ( a different trade) and as I said before, I am looking for daily range, I don't need the Range as I could close earlier at profit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,970
  • Sep 12, 2016 5:54am Sep 12, 2016 5:54am
Quoting wannalearn12
{quote} Why do you not close the other trade when countering like this? Are you waiting for it to drop back to the entry? From the looks of it you could have compounded well into profit by now?
Example: http://www.forexfactory.com/showthre...25#post9125825

If you close it, then you deprive yourself from the opportunity to incorporate it into a scheme that is yet to unfold. It might drop back, or not. If not, you can always decide later to do what you would have done: take the hit.
I see it as buying positions (long/short) to fill an inventory to offload on customers. The 5/10 pip is a quick flip. The rest you may have to become artistic to sell to your customer base. Sell as in sell the position (long/short).
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,971
  • Sep 12, 2016 6:17am Sep 12, 2016 6:17am
[quote=PippyTheGrt;9133613]{quote} Example: http://www.forexfactory.com/showthre...25#post9125825 If you close it, then you deprive yourself from the opportunity to incorporate it into a scheme that is yet to unfold. It might drop back, or not. If not, you can always decide later to do what you would have done:

yes, something like that
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,972
  • Sep 12, 2016 6:18am Sep 12, 2016 6:18am
I am away, I am about 15 up. My counter is still running. all other trades are closed...

edit I have not included the loss and the counter. I calculated my sums wrong duh!
Attached Image (click to enlarge)
Click to Enlarge Name: maths.PNG Size: 15 KB


I didn't compound because it is still on trial, like a demo but using small amount to get feel.
I longed then closed on dip then longed etc... it can go wrong but if it does WHAT DO I DO,, counter again lol, catch you later

edit quote of the day, I am about 15 up lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,973
  • Sep 12, 2016 6:18am Sep 12, 2016 6:18am
Quoting PippyTheGrt
{quote} Example: http://www.forexfactory.com/showthre...25#post9125825 If you close it, then you deprive yourself from the opportunity to incorporate it into a scheme that is yet to unfold. It might drop back, or not. If not, you can always decide later to do what you would have done: take the hit. I see it as buying positions (long/short) to fill an inventory to offload on customers. The 5/10 pip is a quick flip. The rest you may have to become artistic to sell to your customer base. Sell as in sell the position (long/short)....
Because we believe that was a "good" price and will hold for future markets? Makes sense to me.
  • #10,974
  • Sep 12, 2016 6:19am Sep 12, 2016 6:19am
Quoting billytt
{quote} no problem, you are ok.Keep questioning.. I made counter on the break of High. so I am - 16 (actually -18) no matter what happens... I also made + 5 off the High break ( a different trade) and as I said before, I am looking for daily range, I don't need the Range as I could close earlier at profit.
Thanks Billy! Have a good day.. just morning starting for me.. gonna watch the sunrise.
  • #10,975
  • Sep 12, 2016 6:31am Sep 12, 2016 6:31am
Lunch break
Attached Image
every Saint has a past. Every Sinner has a Future
  • #10,976
  • Sep 12, 2016 6:37am Sep 12, 2016 6:37am
Quoting turnip15
Lunch break {image}
diner break here ....
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-09-12 at 19.36.46.png Size: 672 KB
trying to make everyday the best risk/reward decisions possible
  • #10,977
  • Sep 12, 2016 6:37am Sep 12, 2016 6:37am
Quoting wannalearn12
{quote} Because we believe that was a "good" price and will hold for future markets? Makes sense to me.
At the time it looked like a good idea to buy some inventory (long/short) (= get a position in the market). Why get rid of that position if the market decides to walk the other direction, it might indeed change its mind again and you can offload it then. You might want to acknowledge that the market is walking away, so walk with it by getting a position in that direction, thus also limiting the risk you have on the earlier position (= hedge) and perhaps something on top (hedge + position the other direction).
Sometimes the market doesn't come back, or you find it takes too long for whatever reason. Then you liquidate it ("end of summer sale, deep discount") but overall your equity is up. While I'm writing it, it reminds me of the equity millipede (pipEasy): most of the positions he puts in the market that survive initially die anyway at break even. The positions that aren't revisited "soon" usually see price leave like a rocket, so you can get the profit in that direction compensating for the position in the other direction.
That's the way I currently see it.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,978
  • Sep 12, 2016 7:52am Sep 12, 2016 7:52am
Quoting slowbrain
{quote} diner break here .... {image}
Posh git :-)
every Saint has a past. Every Sinner has a Future
  • #10,979
  • Sep 12, 2016 8:22am Sep 12, 2016 8:22am
Quoting turnip15
Lunch break {image}
Wo ist der mayo und ketchup
Plan, Prepare, Execute, Repeat
  • #10,980
  • Sep 12, 2016 8:36am Sep 12, 2016 8:36am
Quoting turnip15
Lunch break {image}
mmmmmmmmmmmmmm chips, I am on very low carbs for a few days as I am taking a lady out dancing, I want to look lean and mean
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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