Billytt Die happy trading e/j daily breakout | Page 656 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #13,101
  • Dec 20, 2016 7:35pm Dec 20, 2016 7:35pm
Quoting lemercenaire
{quote} Very interesting. I used to crunch numbers like that when I was developing my horse racing systems. It always came down to simple and repeatable c/w a percentage edge is better - sound familiar? It is TooSlow who is the fan of Frequency Distribution. I fall more into the pattern-recognition camp these days, though I can still swoon at the sight of a well-turned number .
i agree, but i see the repetitive numbers the same way as a pattern.
I look at your charts and see patterns/numbers. i don't even have to read what you type lol (said nicely)
regarding stats, i also have stats for failed trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,102
  • Dec 20, 2016 7:36pm Dec 20, 2016 7:36pm
Quoting claudia1
{quote} Oh no not Elvis again !
i'm all shook up, a huh huh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,103
  • Dec 20, 2016 8:31pm Dec 20, 2016 8:31pm
Quoting billytt
{quote} i'm all shook up, a huh huh
Byllitt

do you collect data about retracement ?
You are right I'm a big fan of frequency distribution and collect daily stat about it
SB
trying to make everyday the best risk/reward decisions possible
  • #13,104
  • Dec 20, 2016 8:44pm Dec 20, 2016 8:44pm
Quoting slowbrain
{quote} Byllitt do you collect data about retracement ? You are right I'm a big fan of frequency distribution and collect daily stat about it SB

yes i do. that helps with the second trade i do (sometimes). Stats on a failed trade normally show results for the Daily Range being made on the opposite end.
stats show Daily Pivot have good odds of being made. Get within 30 points of a 00 and normally that will be made.
SO enter a trade which is near a DP and a 00 and hey presto you can hit it hard ( not that easy)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,105
  • Dec 20, 2016 8:46pm Dec 20, 2016 8:46pm
Quoting slowbrain
{quote} Byllitt do you collect data about retracement ? You are right I'm a big fan of frequency distribution and collect daily stat about it SB
I like using the retracement to add in, as you reduce risk significantly, keeping both trades stops in the same spot, but your original +5 pips just quadrupled.. ect.

say you want to risk 2% overall (hypothetical)

first trade triggers and stops set at -20 risking only 1%

trade pulls back 10 pips add in the second 1% you are wishing to risk with the same stop (so this time it's only -10 pip stop)

this means you can double your original entry size for the second trade

I've been doing this. and it's nice. When the trade fails it's 10x more fun countering get PAID on those days.
  • #13,106
  • Dec 20, 2016 8:57pm Dec 20, 2016 8:57pm
Quoting wannalearn12
{quote} I like using the retracement to add in, as you reduce risk significantly, keeping both trades stops in the same spot, but your original +5 pips just quadrupled.. ect. say you want to risk 2% overall (hypothetical) first trade triggers and stops set at -20 risking only 1% trade pulls back 10 pips add in the second 1% you are wishing to risk with the same stop (so this time it's only -10 pip stop) this means you can double your original entry size for the second trade I've been doing this. and it's nice. When the trade fails it's 10x more...
BRAVO BUD, you got it.
Like Cable yesterday and i did speak of it. Low triggered 1st entry, then retraced 2nd entry it hit trigger then retraced again 3rd entry (which i did not do) with the 2 second entries that was at least 10 points . That is trading reducing risk... a few weeks ago i had a Spanish girl trading for me and you should of seen her countering. She fully understood my Pc and how to operate it whereas i don't. Most days she wouldn't let me watch.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,107
  • Dec 20, 2016 9:12pm Dec 20, 2016 9:12pm
Cable 20th , 15 minute chart so you can see.
Attached Image

T = 04-00 Low 12372.
A = Trigger and then retraced to B approx 15 points.
it then dropped...
C = it broke original Low then retraced again to D approx 15 points.then dropped.
we didn't know how far it would retrace (it could of failed) But even looking for a modest 5 points each trade it would of been excellent
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,108
  • Dec 21, 2016 2:24am Dec 21, 2016 2:24am
morning, t 08-23
Cable broke Low and +10...
A/U broke low and is still active. Cannot really say anything else.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,109
  • Dec 21, 2016 2:54am Dec 21, 2016 2:54am
Quoting billytt
{quote} i agree, but i see the repetitive numbers the same way as a pattern. I look at your charts and see patterns/numbers. i don't even have to read what you type lol (said nicely) regarding stats, i also have stats for failed trades.
''i agree, but i see the repetitive numbers the same way as a pattern.''

That's how my brother sees things as well. Interesting.
  • #13,110
  • Dec 21, 2016 2:55am Dec 21, 2016 2:55am
t 08-53
A/U has broke low and made +5 , It has not yet made +10. I am finished for the day. CHRISTMAS HAS COME EARLY YET AGAIN LOL.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,111
  • Dec 21, 2016 3:03am Dec 21, 2016 3:03am
A/U
Attached Image

A = 04-00 bar.
DR is is expected modest daily range should it go lol.
I would prefer a high/low fail then hunt the DR. it could still happen but i am finished.
5% per day is better than any bank. jingle bells...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,112
  • Dec 21, 2016 3:06am Dec 21, 2016 3:06am
Quoting billytt
A/U {image} A = 04-00 bar. DR is is expected modest daily range should it go lol. I would prefer a high/low fail then hunt the DR. it could still happen but i am finished. 5% per day is better than any bank. jingle bells...
Good stuff, Billy. You've got the right idea, I think. I'm just going to be crunching some numbers today, maybe take something if it slaps me in the face but I'm not stressing about going looking too hard.
  • #13,113
  • Dec 21, 2016 3:06am Dec 21, 2016 3:06am
t 09-06
Cable, low broke for +10
A = 04-00 bar
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,114
  • Dec 21, 2016 3:07am Dec 21, 2016 3:07am
Quoting lemercenaire
{quote} Good stuff, Billy. You've got the right idea, I think. I'm just going to be crunching some numbers today, maybe take something if it slaps me in the face but I'm not stressing about going looking too hard.
I am already fixed up pretty. I think I am done until.. well when does work start back usually?
  • #13,115
  • Dec 21, 2016 3:15am Dec 21, 2016 3:15am
Quoting lemercenaire
{quote} Good stuff, Billy. You've got the right idea, I think. I'm just going to be crunching some numbers today, maybe take something if it slaps me in the face but I'm not stressing about going looking too hard.
Hi bud, your dead zone is good. Its like a mini version of 04-00 break. With your method do you have a pair which is better than an other ?
I trade A/U as it moves relatively slow (like me ) lol. Cable is faster but just lately easy to trade due to Brexit.
and E/J which is my baby on Daily Break doesn't perform as well on 04-00 bar.
The main thing is , FIXING A BAD TRADE , A/U is the one for that. It's like Willy Wonkas ever lasting gob stopper. Never losing trade yay. i have mariah carey playing the classic ALL I WANT IS YOU (Billy) yay. dancing later yaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,116
  • Dec 21, 2016 3:17am Dec 21, 2016 3:17am
Quoting wannalearn12
{quote} I am already fixed up pretty. I think I am done until.. well when does work start back usually?
04-00 break will happen all of the time, money to be made every day. i will leave it though maybe after tomorrow. i am just making ££££ for presents.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,117
  • Dec 21, 2016 3:21am Dec 21, 2016 3:21am
Quoting wannalearn12
{quote} I am already fixed up pretty. I think I am done until.. well when does work start back usually?
I usually get back in the saddle in the first week of January - Monday closest to the 3rd I guess.
  • #13,118
  • Dec 21, 2016 3:24am Dec 21, 2016 3:24am
Quoting billytt
{quote} 04-00 break will happen all of the time, money to be made every day. i will leave it though maybe after tomorrow. i am just making for presents.
Can I have batteries with mine please Billy :-)
every Saint has a past. Every Sinner has a Future
  • #13,119
  • Dec 21, 2016 3:26am Dec 21, 2016 3:26am
t09-23 A/U modest range low is at approx 7233. Then the 00 is in sight. I prefer it to retrace though.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,120
  • Dec 21, 2016 3:27am Dec 21, 2016 3:27am
Quoting billytt
{quote} Hi bud, your dead zone is good. Its like a mini version of 04-00 break. With your method do you have a pair which is better than an other ? I trade A/U as it moves relatively slow (like me ) lol. Cable is faster but just lately easy to trade due to Brexit. and E/J which is my baby on Daily Break doesn't perform as well on 04-00 bar. The main thing is , FIXING A BAD TRADE , A/U is the one for that. It's like Willy Wonkas ever lasting gob stopper. Never losing trade yay. i have mariah carey playing the classic ALL I WANT IS YOU (Billy) yay....
Hi Billy - EJ is a steady-Eddie, UC is super-reliable and GN is just bonkers...all have their moments but those three are usually my first ports of call.
CJ is first man up after that but honestly, because of the way it works and the techniques I use to trade them, you genuinely can pick any one and you will come out ahead. Remember, all those pairs are not random but chosen specifically because they have similar movement profiles for this.
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