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Billytt Die happy trading e/j daily breakout

  • #12,341
  • Nov 21, 2016 9:35pm Nov 21, 2016 9:35pm
Quoting ikdenk
{quote} What do you need the runners for? lol This method works fine with a fixed TP of 5 pips - far less work, especially if you open the trades with a script that automatically sets the TP.
could you share your scripts please ?

Sb
trying to make everyday the best risk/reward decisions possible
  • #12,342
  • Nov 21, 2016 10:48pm Nov 21, 2016 10:48pm
Quoting slowbrain
{quote} could you share your scripts please ? Sb
Just search for IBFX scripts or tools here on FF. There are many here to suit your requirements.
  • #12,343
  • Nov 22, 2016 12:20am Nov 22, 2016 12:20am
Hi all , trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,344
  • Nov 22, 2016 12:21am Nov 22, 2016 12:21am
Quoting ikdenk
{quote} What do you need the runners for? lol This method works fine with a fixed TP of 5 pips - far less work, especially if you open the trades with a script that automatically sets the TP.
Hi Ikdenk and welcome.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,345
  • Nov 22, 2016 12:23am Nov 22, 2016 12:23am
Quoting ikdenk
{quote} What do you need the runners for? lol This method works fine with a fixed TP of 5 pips - far less work, especially if you open the trades with a script that automatically sets the TP.
Yep - you're absolutely right. Having a base level of a +5 pre-set on the BreakOut is no bad thing at all. It still leaves the ability to counter trade and trade the mid-line and/or Alien Air-Space inside the bar.
  • #12,346
  • Nov 22, 2016 12:25am Nov 22, 2016 12:25am
Quoting billytt
{quote} Hi Ikdenk and welcome.
Thanks Billy.

I am one of them HOLO traders, stalking lem and TS and ending up here in your nice thread!
  • #12,347
  • Nov 22, 2016 12:26am Nov 22, 2016 12:26am
Quoting lemercenaire
{quote} No, I'm looking to get in as price hits the line. I have looked at dropping to the m1 chart and using a ''double-tap'' at the line, or a close over the line and each have their merits but I keep coming back to simply take it at the line. This certainly is pretty much the only way to do it if I am running more than one trade at a time.
Hi Bud, If you have stats to show a double tap with help go for it.
I personally wouldn't do that as introducing more info will lead to extra work plus it is harder to stick to the method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,348
  • Nov 22, 2016 12:29am Nov 22, 2016 12:29am
Quoting lemercenaire
{quote} Yeah, you could but then you miss out on the runners you get by wrangling them manually c/w a moved stop. Horses for courses, I suppose.
Sometimes i have 2 entries off a trigger, 1 entry will take +5 and the second will be left to run. If it retraces i close with +1.
You can even trade off the retrace as i mention...... and thern you can hunt the daily break.
It does all come together......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,349
  • Nov 22, 2016 12:34am Nov 22, 2016 12:34am
Quoting billytt
{quote} Hi Bud, If you have stats to show a double tap with help go for it. I personally wouldn't do that as introducing more info will lead to extra work plus it is harder to stick to the method.

Exactly what I found, Billy. The second ''tap'' of the two would barely, just barely-in-a-nano-second touch...so then I'd be like, well, does that really count? Oh, I could just wait for the next one. Or even worse, the first one would barely touch - so hey, I won't count that one...so this second one is really the first - uh oh, it's just broken through and I've missed it.

Stuff all that - in at the break. Works just fine. Keeps my entry methods consistent. Does what it says on the tin.
  • #12,350
  • Nov 22, 2016 12:35am Nov 22, 2016 12:35am
Quoting billytt
{quote} Sometimes i have 2 entries off a trigger, 1 entry will take +5 and the second will be left to run. If it retraces i close with +1. You can even trade off the retrace as i mention...... and thern you can hunt the daily break. It does all come together......
That's pretty much how I run any counter-trade.
  • #12,351
  • Nov 22, 2016 12:42am Nov 22, 2016 12:42am
Quoting ikdenk
{quote} Just search for IBFX scripts or tools here on FF. There are many here to suit your requirements.

Ikdenk

thanks I found it
for those who are interested here the link to download the complete set from IBFX
http://orig.ibfx.com.au/Tools/Quick-Scripts

Cheers

SB

ps; waiting for A/U and G/U 4h break
trying to make everyday the best risk/reward decisions possible
  • #12,352
  • Nov 22, 2016 12:59am Nov 22, 2016 12:59am
Quoting lemercenaire
{quote}[/highlight] Exactly what I found, Billy. The second ''tap'' of the two would barely, just barely-in-a-nano-second touch...so then I'd be like, well, does that really count? Oh, I could just wait for the next one. Or even worse, the first one would barely touch - so hey, I won't count that one...so this second one is really the first - uh oh, it's just broken through and I've missed it. Stuff all that - in at the break. Works just fine. Keeps my entry methods consistent. Does what it says on the tin.
EXACTLY, you think the same as me...once you start to think about entry it will get cracks.
When i answer some of your posts Lem, i am actually telling the other people not just you lol. Hope you understand.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,353
  • Nov 22, 2016 1:00am Nov 22, 2016 1:00am
Quoting lemercenaire
{quote} That's pretty much how I run any counter-trade.
agree, same here...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,354
  • Nov 22, 2016 1:13am Nov 22, 2016 1:13am
Quoting billytt
{quote} EXACTLY, you think the same as me...once you start to think about entry it will get cracks. When i answer some of your posts Lem, i am actually telling the other people not just you lol. Hope you understand.
Billytt

Thanks a lot a learn a lot ....
same for Lemercenaire . I have learn to relax when entering into position ....BTW i'm long A/U
trying to make everyday the best risk/reward decisions possible
  • #12,355
  • Nov 22, 2016 1:21am Nov 22, 2016 1:21am
Quoting billytt
{quote} EXACTLY, you think the same as me...once you start to think about entry it will get cracks. When i answer some of your posts Lem, i am actually telling the other people not just you lol. Hope you understand.
Oh for sure, Billy. Totally understand - and no worries at all.
  • #12,356
  • Nov 22, 2016 1:27am Nov 22, 2016 1:27am
Quoting slowbrain
{quote} Billytt Thanks a lot a learn a lot .... same for Lemercenaire . I have learn to relax when entering into position ....BTW i'm long A/U
Yep, Daily Colour Change Candle entry as well, if you're into that kind of thing...

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  • #12,357
  • Nov 22, 2016 1:43am Nov 22, 2016 1:43am
CAd and EJ 7 am one hour bars
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every Saint has a past. Every Sinner has a Future
  • #12,358
  • Nov 22, 2016 1:51am Nov 22, 2016 1:51am
Quoting lemercenaire
{quote} Yep, Daily Colour Change Candle entry as well, if you're into that kind of thing... {image}

A/U +5
trying to make everyday the best risk/reward decisions possible
  • #12,359
  • Nov 22, 2016 2:10am Nov 22, 2016 2:10am
Quoting slowbrain
{quote} Billytt Thanks a lot a learn a lot .... same for Lemercenaire . I have learn to relax when entering into position ....BTW i'm long A/U
you will have +5 already even though +10 has not been made (yet)

edit, i realise you already have lol. nice one SB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,360
  • Nov 22, 2016 2:12am Nov 22, 2016 2:12am
Speaking about retrace entry..
On A/U and Cable. Both had trigger and then both retraced so extra points could of been made.
This is a slight variation on the actual breakout method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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