Billytt Die happy trading e/j daily breakout | Page 718 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #14,341
  • Jan 30, 2017 9:10am Jan 30, 2017 9:10am
A/U was also 16 range which usually can give excitement, that is why i prefer a 25/28 range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,342
  • Jan 30, 2017 9:30am Jan 30, 2017 9:30am
Quoting turnip15
Lem type Dead Zone trade on CAD (12 to 1 pm ) Green Candle Price dropped South out of wick zone then turned to head North into body of red DZ candle. {image}
Update - After up move it turned tail for a great move down -easy 10 pips each way
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every Saint has a past. Every Sinner has a Future
  • #14,343
  • Jan 30, 2017 12:52pm Jan 30, 2017 12:52pm
Off topic I know, but maybe some truth in this ( I am surprised that the amount of drugs he took - according to his book- didn't kill him) :
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every Saint has a past. Every Sinner has a Future
  • #14,344
  • Jan 30, 2017 2:45pm Jan 30, 2017 2:45pm
Quoting billytt
A/U was also 16 range which usually can give excitement, that is why i prefer a 25/28 range.
So drop position size in case of a few counters
  • #14,345
  • Jan 30, 2017 4:38pm Jan 30, 2017 4:38pm
Tramlines pre market, the study in progress. (will post results later) AU and NU
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  • #14,346
  • Edited 5:30pm Jan 30, 2017 5:09pm | Edited 5:30pm
Quoting billytt
wanna, Chart as example {image} Actual High was 7548.3 and Low was 7545.4. My trigger would be the whole number ie, 7548 and /or 7545 NOT THE POINT .3 or .4. Then allowing for my buy/sell price which ranges from 1/2 to 1 % so to trade above chart i would set my trigger at approx 7548.8 or 7549 for long..... i do not want to enter a trade before the actual break as i do not do luck. this is done automatically but sometimes i will do it manually (sometimes) and a retrace trade is always manual. edit,,, that point in atrade can be almost a whole number...
Would you round up or down? What if the low trigger is 7527.. would you short at 720 and then spread being around 8 points - getting you in at 712 effectively or would you round up for spread? Kind of confused as to what you mean.

EDIT: Billy - quick question.

On yesterdays AU trade. When adding in positions (I marked 1 -2 -3) 1 being trigger, 2 being second add in (possibility) and the 3rd possibility at the top. Would you enter with a normal trigger size, and then divvy up the same trigger size into how many extra trades you wish to take? Curious about this.

EDIT: In the US we cannot close trades out of order of being opened, so I have to close all at once for maximum benefit. IE I cannot take +5 over and over while the original trade is running.
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  • #14,347
  • Jan 30, 2017 6:03pm Jan 30, 2017 6:03pm
Well, well. Seems like everybody has had a grand old time today. Nice one.

My ass is still numb from driving 4 1/2 hrs each way journey yesterday, so wasn't particularly keen on spending the day sitting in another chair, lol. However, I did dip in and out. Picked up the FB in the am easily enough - well, easy-ish - then took EJ as my Dead Zone trade of choice. I had hoped for a big pull-back into the body of the candle but guess what, you don't always get what you want in this life (who knew?) and it dropped down again. No complaints though, as I still got my profit bagged.

Looks like Mr-T must have got a bit closer to that Ferrari and UC was probably the best performing pair of the lot today (though AU, Cable and CJ would have been solid options).

Frankfurt Break first up:

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  • #14,348
  • Jan 30, 2017 6:06pm Jan 30, 2017 6:06pm
Dead Zone...

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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GBPNZD
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  • #14,349
  • Jan 30, 2017 6:08pm Jan 30, 2017 6:08pm
AUDNZD
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GBPUSD
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CADJPY
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NZDUSD
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NZDJPY
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  • #14,350
  • Jan 30, 2017 6:09pm Jan 30, 2017 6:09pm
BOOYAH Lem They both were smooth sailing today. and did the little reverse, another stat added.
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  • #14,351
  • Jan 30, 2017 6:10pm Jan 30, 2017 6:10pm
XAUUSD
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USDJPY
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GBPJPY
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GER30
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OILUSD
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  • #14,352
  • Jan 30, 2017 6:12pm Jan 30, 2017 6:12pm
Quoting wannalearn12
BOOYAH Lem They both were smooth sailing today. and did the little reverse, another stat added. {image} {image}
Lovin' it!
  • #14,353
  • Jan 30, 2017 6:14pm Jan 30, 2017 6:14pm
Quoting wannalearn12
{quote} So drop position size in case of a few counters
Hi. a range approx 15/16 has more chance of whip than 25/28 which stats tell me.

i can contradict myself, Sometimes on a Sunday with a very low range i sometimes say it'll be easy to trade with counters.

Lot size on a counter is normally the same as original trade BUT sometimes i will add to it and even have a second trade. AND trade retraces like original trade.
It is like a machine when all the cogs start turning..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,354
  • Jan 30, 2017 6:17pm Jan 30, 2017 6:17pm
Quoting lemercenaire
{quote} Lovin' it!
And then straight into a daily WZ!!! perfect :L
  • #14,355
  • Jan 30, 2017 6:21pm Jan 30, 2017 6:21pm
[quote=wannalearn12;9500623]{quote} Would you round up or down? What if the low trigger is 7527.. would you short at 720 and then spread being around 8 points - getting you in at 712 effectively or would you round up for spread? Kind of confused as to what you mean.

Apart from that stupid dax trade last night (Sunday) my spread is approx 1/2 to 1. If low is 7527 i would get in at 7526 or 7526.5 so that would be almost exact 7527.
.If i get in after the trigger that is ok but i dont want to get in before, because it has a chance to not trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,356
  • Jan 30, 2017 6:28pm Jan 30, 2017 6:28pm
[quote=wannalearn12;9500623]{quote} EDIT: Billy - quick question. On yesterdays AU trade. When adding in positions (I marked 1 -2 -3) 1 being trigger, 2 being second add in (possibility) and the 3rd possibility at the top.

i spoke earlier something similar...
i have 1st trade on trigger. SOMETIMES if it retraces before the +10 i will add a 2nd trade same lot size. This second trade can either run to make the retrace points + the 5 OR like today i made 2/3 points close , it then retraced up so i got in again. i will only ever have 2 trades running at once. If they fail i then counter with one trade bigger lot size looking for next trigger or retrace opportunities.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,357
  • Jan 30, 2017 6:30pm Jan 30, 2017 6:30pm
Quoting wannalearn12
{quote} So drop position size in case of a few counters
also, if i trade a short range on a sunday it is slow moving asian session (most times) unlike 08-00 or 13-00 when it goes crazy. I play my game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,358
  • Jan 30, 2017 6:34pm Jan 30, 2017 6:34pm
Quoting billytt
Quoting wannalearn12
{quote} EDIT: Billy - quick question. On yesterdays AU trade. When adding in positions (I marked 1 -2 -3) 1 being trigger, 2 being second add in (possibility) and the 3rd possibility at the top. i spoke earlier something similar... i have 1st trade on trigger. SOMETIMES if it retraces before the +10 i will add a 2nd trade same lot size. This second trade can either run to make the retrace points + the 5 OR like today i made 2/3 points close , it then retraced up so i got in again. i will only ever have 2 trades running
...
Got it, thanks a bunch.
  • #14,359
  • Jan 30, 2017 6:43pm Jan 30, 2017 6:43pm
Quoting wannalearn12
{quote}{quote} Got it, thanks a bunch.
You need self control not to add more than 2 positions, because if it does fail, the countering lot size soon mounts up. I've done it lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,360
  • Jan 30, 2017 6:45pm Jan 30, 2017 6:45pm
A/U was only 40 adr on Monday. Usually this means it'll go Tuesday if not Wednesday. Maybe the USA situation might be messing it up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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