Billytt Die happy trading e/j daily breakout | Page 653 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #13,041
  • Dec 19, 2016 2:15am Dec 19, 2016 2:15am
Quoting billytt
{quote} one long trade still running, one counter still running. One long retrace closed with +5.. and one short with +5 closed.
does your counter trade size are the same size than trigger size ? I use larger counter (33%)
trying to make everyday the best risk/reward decisions possible
  • #13,042
  • Dec 19, 2016 2:20am Dec 19, 2016 2:20am
t 10-19 A/U low triggered, it has got + 5 but not the + 10 for stat. it is a good start to the week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,043
  • Dec 19, 2016 2:25am Dec 19, 2016 2:25am
Quoting slowbrain
{quote} does your counter trade size are the same size than trigger size ? I use larger counter (33%)
counter trade is normally the same size. My main concern is to hold the bad trade and then i can work on it.
Today for example i had a retrace go in and a low. the low i had a bigger lot size this helps with the bad trade... THEN A/U triggered i used bigger lot size this helps the counter.
On paper i am -28 but in £££££ i am not. as long as i have 5% on A/U and 5% on Cable at end of day i am happy.
I am a bit down negative on Cable but it will come good..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,044
  • Dec 19, 2016 2:26am Dec 19, 2016 2:26am
A/U has just made +10 off low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,045
  • Dec 19, 2016 2:49am Dec 19, 2016 2:49am
Quoting billytt
{quote} counter trade is normally the same size. My main concern is to hold the bad trade and then i can work on it. Today for example i had a retrace go in and a low. the low i had a bigger lot size this helps with the bad trade... THEN A/U triggered i used bigger lot size this helps the counter. On paper i am -28 but in i am not. as long as i have 5% on A/U and 5% on Cable at end of day i am happy. I am a bit down negative on Cable but it will come good..

Very clear thanks ... will change my MM .. thank you Billytt
trying to make everyday the best risk/reward decisions possible
  • #13,046
  • Edited 3:32am Dec 19, 2016 3:19am | Edited 3:32am
Quoting slowbrain
{quote} Very clear thanks ... will change my MM .. thank you Billytt
Don't just change things, you need to know why ?
Normally on a fail the other end (Trigger) will get +20. Other things come into it like Daily Range maybe levels/00.
I am happy with +5 as i know how to trade for it...... Trade well bud

edit,,, knowing you probably will get +20 you can use higher lot size.
But you must be prepared for a fail and your bank needs to be able to play it.
Its all about staying in the trade until it is fixed.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,047
  • Dec 19, 2016 7:00am Dec 19, 2016 7:00am
Frankfurt Break over and done with for the day, with a little extra bagged after the original break. Both variants came good with no real drama, which is handy when you are half-asleep at the wheel ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15frankbreak19thdec16.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15frankbreakV2stilltruckin19thdec16.png Size: 44 KB
  • #13,048
  • Edited 8:21am Dec 19, 2016 8:00am | Edited 8:21am
Cannot do "posh charts" :-)
Here is the CAD "Dead Zone" 12 to 1pm chart
And 4 am four hour chart (broke high then dived for a short (Lems "Alien concept worth looking at here)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable4H1555.jpg Size: 564 KB
Click to Enlarge Name: CadDZ1551.jpg Size: 518 KB
every Saint has a past. Every Sinner has a Future
  • #13,049
  • Dec 19, 2016 8:27am Dec 19, 2016 8:27am
Quoting lemercenaire
{quote} No, I entered as a WZ trade - I played them all that way.
I thought that was what I said. Sorry for my poor communication Lem
every Saint has a past. Every Sinner has a Future
  • #13,050
  • Dec 19, 2016 8:33am Dec 19, 2016 8:33am
Quoting billytt
i went to a brilliant Christmas party Saturday night, Took my lady who was the belle of the ball and it cost her a fortune lol. she insisted on paying for the tickets and hotel. I bought 2 drinks and it cost 140 (one was a bottle of water). Anyway less of that and back to collating stats..
Have a great Christmas Billy, Claudia and the rest of the gang. Thanks for all your combined efforts during the year which have boosted my confidence no end.
every Saint has a past. Every Sinner has a Future
  • #13,051
  • Dec 19, 2016 8:40am Dec 19, 2016 8:40am
Quoting turnip15
{quote} I thought that was what I said. Sorry for my poor communication Lem
Yeah, you asked if I went long as price entered the zone. You don't - you take the trade as price exits the zone from inside, so back into the body.
Subtle but important difference.
  • #13,052
  • Dec 19, 2016 8:42am Dec 19, 2016 8:42am
Quoting turnip15
{quote} Have a great Christmas Billy, Claudia and the rest of the gang. Thanks for all your combined efforts during the year which have boosted my confidence no end.
You too, MrT. That you done for the hols now? How about everyone else?
  • #13,053
  • Dec 19, 2016 9:10am Dec 19, 2016 9:10am
Tom is still trading the DZ and other breakouts ie. Daily and 4 hr. All on E/U. All I can say is ITS WORKING! Thanks to all of you -- Billy, Turnip, Claudia, Lem.
I am going to study the HOLO and 1-2-3 methods to see if they will fit into my style for next year. But for now --- MERRY CHRISTMAS TO ALL AND TO ALL GOOD TRADING.
  • #13,054
  • Dec 19, 2016 9:11am Dec 19, 2016 9:11am
I took a test :
Attached Image
every Saint has a past. Every Sinner has a Future
  • #13,055
  • Dec 19, 2016 10:41am Dec 19, 2016 10:41am
Quoting tomthepoppop
Tom is still trading the DZ and other breakouts ie. Daily and 4 hr. All on E/U. All I can say is ITS WORKING! Thanks to all of you -- Billy, Turnip, Claudia, Lem. I am going to study the HOLO and 1-2-3 methods to see if they will fit into my style for next year. But for now --- MERRY CHRISTMAS TO ALL AND TO ALL GOOD TRADING.
Sounds good Tom. Good to have you here. Have a great Christmas!
  • #13,056
  • Edited 3:46pm Dec 19, 2016 3:20pm | Edited 3:46pm
The slow winding-down process will continue on tomorrow - but today presented a few nice opportunities anyway.
Was a bit cautious of what today might bring, so in my opinion - and certainly when it comes to The Dead Zone - if in doubt, go work something with oil attached! In this case, I went with USDNOK.
The alternative to this is something that is just generally bonkers - step up GBPNZD, lol. Love it.
As an aside, I might have taken AUDNZD for this but the spread killed it.
So - as it turned out, all good. USDNOK showed me the perfect WZ set-up and was a doddle to run, straight up and out the other side. GBPNZD took a small loss on the initial WZ trade but it then reversed into a drop and that was easily covered.
For the record, here's how the day looked for all the pairs...

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30deadzone19thdec16.png Size: 28 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30deadzone19thdec16.png Size: 28 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30deadzone19thdec16.png Size: 28 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKM30deadzone19thdec16.png Size: 33 KB


GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30deadzone19thdec16.png Size: 33 KB
  • #13,057
  • Dec 19, 2016 3:23pm Dec 19, 2016 3:23pm
Audnzd
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30deadzone19thdec16.png Size: 37 KB


gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30deadzone19thdec16.png Size: 28 KB


cadjpy
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30deadzone19thdec16.png Size: 28 KB


nzdusd
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30deadzone19thdec16.png Size: 30 KB


nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM30deadzone19thdec16.png Size: 27 KB
  • #13,058
  • Dec 19, 2016 3:24pm Dec 19, 2016 3:24pm
XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30deadzone19thdec16.png Size: 40 KB
  • #13,059
  • Dec 19, 2016 4:05pm Dec 19, 2016 4:05pm
Quoting lemercenaire
XAUUSD {image}
Was just looking at that.

Check cable out where is it going to finish the year ???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable4h.png Size: 39 KB
Click to Enlarge Name: cablemonthly.png Size: 33 KB
  • #13,060
  • Dec 19, 2016 4:15pm Dec 19, 2016 4:15pm
Inserted Video


Great old song lol.
45 traders viewing now