Billytt Die happy trading e/j daily breakout | Page 604 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #12,061
  • Nov 5, 2016 12:51pm Nov 5, 2016 12:51pm
Quoting wannalearn12
{quote} Did it move the market?
Apparently they figured it out before it gained too much traction.
  • #12,062
  • Nov 5, 2016 1:25pm Nov 5, 2016 1:25pm
Quoting lemercenaire
{quote} Apparently they figured it out before it gained too much traction.
Ah, would've been hilarious to make money on if it did.
  • #12,063
  • Nov 6, 2016 1:34am Nov 6, 2016 1:34am
Billytt

i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break....

about 04:00 :
1. you enter on retracement (in the same direction than the trigger) only on the 04:00 or also on E/J daily break ? (i'm entering at - 8 pips on retracement trading the 04:00 candle )

2. when you mention ''adjust lot size'' when open position on opposite trigger( if the first trigger fail), the adjustment is made based on the modest range range still '' available'' or based on the size of the 04:00 candle ?

3. after how many pips do you place you stop at BE ? i'm asking the question because when i look at my trade history , as i place stop on BE +1 at +4 pips i have a lot of trade closed at +1 and missing often + 5

4. if the high of the 04:00 candle is at 0.76835 do you place buy stop exactly the same price ? i ask the question because few times by doing this i have a long position open when in fact the the price did not touch 0.76835 (in fact because of the spread ) do you also place the buy stop on exactly 0.76835 or do you adjust your entry higher to take spread into account ?

E/J daily break

1.you hedge around -20 -30 pips on daily break if trigger fail?

2.same principle than the 04:00, if you open a position on opposite trigger if the first one fail, do you adjust the size based on the modest range still ''available'' or based on the candle size ?

Best regards from one of UK ex-colony ....

SB
trying to make everyday the best risk/reward decisions possible
  • #12,064
  • Nov 6, 2016 3:46pm Nov 6, 2016 3:46pm
[quote=slowbrain;9237711]Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 : 1. you enter on retracement (in the same direction than the trigger) only on the 04:00 or also on E/J daily break ? (i'm entering at - 8 pips on retracement trading the 04:00 candle ) 2. when you mention ''adjust lot size'' when open position on opposite trigger( if the first trigger fail), the adjustment is made based on the modest range range still '' available'' or based

hi SB, yes lol. i will answer later.
i have just got in 23-43 Sun evening.
i have been out all day dancing with my lady friend and dined out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,065
  • Nov 6, 2016 9:32pm Nov 6, 2016 9:32pm
Quoting billytt
Quoting slowbrain
Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 : 1. you enter on retracement (in the same direction than the trigger) only on the 04:00 or also on E/J daily break ? (i'm entering at - 8 pips on retracement trading the 04:00 candle ) 2. when you mention ''adjust lot size'' when open position on opposite trigger( if the first trigger fail), the adjustment is made based on the modest range range still '' available''
...
Billytt

about point 4 (04:00 candle break) i assume in fact that you enter long at he ask price =bid+spread , so you add spread to the high of the candle to enter ?

SB
trying to make everyday the best risk/reward decisions possible
  • #12,066
  • Nov 7, 2016 12:12am Nov 7, 2016 12:12am
Quoting slowbrain
{quote}{quote} Billytt about point 4 (04:00 candle break) i assume in fact that you enter long at he ask price =bid+spread , so you add spread to the high of the candle to enter ? SB
yes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,067
  • Nov 7, 2016 12:15am Nov 7, 2016 12:15am
SB today 7th Nov.
Attached Image

todays A/U 04-00 chart.

A = 04-00 bar.
B = high was broken at 7682 but it immediately retraced down.
C = at this point of retrace we could enter a second long (IF WE WANT) LETS SAY 7677. lets see what happens. t 08-15

edit, the chart had altered a bit while i typed.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,068
  • Nov 7, 2016 12:40am Nov 7, 2016 12:40am
SB t 08-35
look now
Attached Image

let us suppose we entered a long at 7677 on retrace.
it moved back up to 7691..
we could of closed at 7682 for +5 or let it run for the actual 04-00 High +5 so we could of made +10. At time of typing this we have made the normal + 5 even thought the +10 for stats has not been made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,069
  • Nov 7, 2016 12:49am Nov 7, 2016 12:49am
[quote=slowbrain;9237711]Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 : 1. you enter on retracement (in the same direction than the trigger) only on the 04:00 or also on E/J daily break ? (i'm entering at - 8 pips on retracement trading the 04:00 candle )

i will answer your questions.. No1 i have answered in last post.
A/U high broke then retraced, entry on retrace in direction of original. it got at least + 5
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,070
  • Nov 7, 2016 12:50am Nov 7, 2016 12:50am
Great explanation, thanks BT...I have traded the Cable on the breakout and managed 5 pips, all finished now and happy to be up pips and watch T.V,

all the info on here is much appreciated..
Onwards and upwards...
  • #12,071
  • Nov 7, 2016 12:59am Nov 7, 2016 12:59am
Quoting slowbrain
Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 :

2. when you mention ''adjust lot size'' when open position on opposite trigger( if the first trigger fail), the adjustment is made based on the modest range range still '' available'' or based on the size of the 04:00 candle ? 3 Best regards from one of UK ex-colony .... SB
answer.t 08-52. todays A/U ... the high has broken and we have made +5 even though the +10 has not been made (for stats)... BUT if it should fall down before +10 (7692) i will short at 7669 as a counter.
At this moment i will use same lot size. But i will be -13 held in limbo. until next trigger..
PLEASE NOTE, i am not personally trading this but this is what i would do. I have a person trading for me.
If anyone should copy, they do this at their own risk.This is for educational purposes.yay
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,072
  • Nov 7, 2016 1:03am Nov 7, 2016 1:03am
Quoting slowbrain
Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 :
3. after how many pips do you place you stop at BE ? i'm asking the question because when i look at my trade history , as i place stop on BE +1 at +4 pips i have a lot of trade closed at +1 and missing often + 5 4.
Best regards from one of UK ex-colony .... SB
answer,, 3.. i never break even. i either close with +1 or counter..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,073
  • Nov 7, 2016 1:10am Nov 7, 2016 1:10am
Quoting slowbrain
Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 :
4. if the high of the 04:00 candle is at 0.76835 do you place buy stop exactly the same price ? i ask the question because few times by doing this i have a long position open when in fact the the price did not touch 0.76835 (in fact because of the spread ) do you also place the buy stop on exactly 0.76835 or do you adjust your entry higher to take spread into account..
Best regards...
answer No4,,, at one time i would of entered exactly at same price ie 7687 .9 but now due to counter i would enter at 7687... I use this example... please note the .9 in 7687.9. that .9 is almost a full point OR 20% of + 5. it could be crucial.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,074
  • Nov 7, 2016 1:15am Nov 7, 2016 1:15am
Quoting slowbrain
Billytt i spend the week end to read the last few weeks posts . i believe i made a confusion about the money management between 04:00 and daily break.... about 04:00 :
E/J daily break 1.you hedge around -20 -30 pips on daily break if trigger fail? 2.same principle than the 04:00, if you open a position on opposite trigger if the first one fail, do you adjust the size based on the modest range still ''available'' or based on the candle size ?
Best regards from one of UK ex-colony .... SB
answer,, the Daily Break is very similar to 04-00 break. If we have a fail look for next trigger. if it retraces after a trigger counter at -30.
then look for next trigger...
Same as 04-00 but slightly different? we look for modest daily range to help.
The thing is, we counter and hold the bad trade at example -30.the stats show it will come good. If you have a big bank you can then adjust lot size to recoup faster.. Just be careful ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,075
  • Nov 7, 2016 1:18am Nov 7, 2016 1:18am
please note, on the A/U post i made a slight error.
The broke for +5 even though +10 has not been made as stated.
High is 7685 not 7683 and low is 7669.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,076
  • Edited 1:44am Nov 7, 2016 1:23am | Edited 1:44am
t 09-19 at typing
Attached Image

High broke,, retrace then it went back up then retraced before + 10 ( or 7685 + 10 =7695)
we can enter a long again at 7678 and see what happens... I would only do this if i were playing around . Dont forget we already have +5 or +10, we shouldnt be greedy plus the stats are going against us now. Lets see

edit, i adjusted that 7687 to 7678 as in the chart, sorry for typo lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,077
  • Nov 7, 2016 1:44am Nov 7, 2016 1:44am
Quoting billytt
t 09-19 at typing {image} High broke,, retrace then it went back up then retraced before + 10 ( or 7685 + 10 =7695) we can enter a long again at 7687 and see what happens... I would only do this if i were playing around . Dont forget we already have +5 or +10, we shouldnt be greedy plus the stats are going against us now. Lets see
Billytt

very clear and useful infos , i'm working on it .... thanks a lot to make live its really very useful

SB
trying to make everyday the best risk/reward decisions possible
  • #12,078
  • Nov 7, 2016 1:54am Nov 7, 2016 1:54am
A/U 04-00 chart.
Attached Image

A = 04-00 bar. if it drops below the low at 7669 we can look for a modest 50 range. the low will be at 7641.
ONLY if the + 10 is not made off High Break. lets see.

DONT FORGET , CHARTS CHANGING AND NEED ADJUSTING...

edit, notice we are on an inside bar too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,079
  • Nov 7, 2016 1:56am Nov 7, 2016 1:56am
Quoting billytt
{quote} answer No4,,, at one time i would of entered exactly at same price ie 7687 .9 but now due to counter i would enter at 7687... I use this example... please note the .9 in 7687.9. that .9 is almost a full point OR 20% of + 5. it could be crucial.
Billytt

i need to admit .... i don't get it even after reading it several times ....

SB
trying to make everyday the best risk/reward decisions possible
  • #12,080
  • Nov 7, 2016 2:25am Nov 7, 2016 2:25am
Quoting slowbrain
{quote} Billytt i need to admit .... i don't get it even after reading it several times .... SB
ok, here we go..
A/U 04-00 low is 7669.......
if i put pending order on to short at 7669 and it then triggers ,,, my trade will open at 7670 (1 above). so i put my order to trigger at 7668 so it then opens at 7669. THIS IS USING MY DAUGHTERS ACCOUNT..
You need to adjust to your brokers bid/sell price as this is where they make their profit.
keep asking questions..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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