Billytt Die happy trading e/j daily breakout | Page 739 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #14,761
  • Feb 10, 2017 5:40pm Feb 10, 2017 5:40pm
Anyway, as for The Dead Zone - well, here ya go. Make of it what you will...however, it sure looks like it would have been a bumpy ride on pretty much any of the pairs. Not to say you'd not have come out ahead, just that you'd have had to work at it pretty hard today.

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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  • #14,762
  • Feb 10, 2017 5:44pm Feb 10, 2017 5:44pm
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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  • #14,763
  • Feb 10, 2017 5:46pm Feb 10, 2017 5:46pm
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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  • #14,764
  • Feb 10, 2017 9:53pm Feb 10, 2017 9:53pm
t 03-52, wow lots of posting, some one mentioned compounding? i will get back to that.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,765
  • Feb 10, 2017 9:58pm Feb 10, 2017 9:58pm
Cable, i did have a bad time with Cable earlier but i got the loss down quite significantly then closed it.. Why ???? you ask.
The guys bank roll i am using isnt big enough to carry counters so i got out, I made him 4k this week so that is ok. technically i havent had a loss. Anyway serious trading next week,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,766
  • Feb 10, 2017 10:09pm Feb 10, 2017 10:09pm
Compounding? i have been told this isnt compounding but this is what i do ..
Example trade . £1 per pip, 20 stop and 20 take profit..
1st trade ..£1 pp makes £20. so we have £20 stake and £20 profit...
2nd trade,, £1 pp makes £20, so we have £20 stake and £20 profit..
SO 2 trades =£40 profit ...
Compounding,,,, 1st trade £1pp makes £20 this £20 is added to next trade ..
SO 2nd trade,,, £2 pp makes £40 ,,,SO £60 profit combined.

This week i have been compounding 10 point move times 2.
Thats why i chose Cable as it moves quick.
Profit soon mounts up and any sign of trouble just close trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,767
  • Feb 10, 2017 10:21pm Feb 10, 2017 10:21pm
A/U 04-00 break stats from Beginning Jan to and include 10th Feb...

Trades = 28,,,win = 21,,,lose = 07. 17 of the wins had 20+ points.
3 of the losers made +5.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,768
  • Feb 10, 2017 10:24pm Feb 10, 2017 10:24pm
Gidday BillyT(ea) ,,,, good brew ... 1 question if I may , "when you compound do you go down to lower timeframe to get your entries ?" chers SP
  • #14,769
  • Feb 10, 2017 10:30pm Feb 10, 2017 10:30pm
Quoting starpro
Gidday BillyT(ea) ,,,, good brew ... 1 question if I may , "when you compound do you go down to lower timeframe to get your entries ?" chers SP
no, i have the trigger and trade it.
Most of the trades trigger very soon after UK market opens and moves fast so + 20 is quite easy to get. ( not guaranteed easy)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,770
  • Feb 10, 2017 10:34pm Feb 10, 2017 10:34pm
you can hunt the Daily Break compounding , you just need to adjust stop and risk.
This is totally different from trading either 04--0 or Daily Break as the stats are different..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,771
  • Feb 10, 2017 10:36pm Feb 10, 2017 10:36pm
so as soon as you are in profit on 1st trade you enter 2nd or just pile in layer upon layer , ?or use pending already set?
  • #14,772
  • Feb 10, 2017 10:42pm Feb 10, 2017 10:42pm
Quoting starpro
so as soon as you are in profit on 1st trade you enter 2nd or just pile in layer upon layer , ?or use pending already set?
yes,,, My trade Pc has a programme to execute the orders but in reality you are just adding on.
But you need to watch risk, it isnt having 2 trades with 2 stop loss running together. BUT 1 stop loss and double the lot size...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,773
  • Feb 10, 2017 10:42pm Feb 10, 2017 10:42pm
its an excellent method 10 wins out of 11 trades yest 1 loss was just reversal after it broke up thru topline
  • #14,774
  • Feb 10, 2017 10:43pm Feb 10, 2017 10:43pm
yeh I get the double the lots size
  • #14,775
  • Feb 10, 2017 10:45pm Feb 10, 2017 10:45pm
Quoting starpro
so as soon as you are in profit on 1st trade you enter 2nd or just pile in layer upon layer , ?or use pending already set?
as soon as you make either 10 or 20 etc you then compound with that profit.
I just posted my A/U 04-00 break stats .. 17 of the wins had 20 + points. these could be compounded ..ie make 10 then double up for a few more...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,776
  • Feb 10, 2017 10:46pm Feb 10, 2017 10:46pm
Quoting starpro
its an excellent method 10 wins out of 11 trades yest 1 loss was just reversal after it broke up thru topline
that is awesome, almost as good as me lol ...(((JOKING)))
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,777
  • Feb 10, 2017 10:50pm Feb 10, 2017 10:50pm
I concentrate on AJ /AU/EJ/UJ, xauusd and xagusd , thats the best run of wins ive had for a while ... now to keep it consistent
  • #14,778
  • Feb 10, 2017 10:53pm Feb 10, 2017 10:53pm
Quoting starpro
I concentrate on AJ /AU/EJ/UJ, xauusd and xagusd , thats the best run of wins ive had for a while ... now to keep it consistent
That is good, have your favourites. i have A/U and Cable, it used to be E/J and oil sometimes Cable.
But A/U is now my bitch for the steady 5.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,779
  • Feb 10, 2017 10:55pm Feb 10, 2017 10:55pm
catch you later,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,780
  • Feb 10, 2017 10:58pm Feb 10, 2017 10:58pm
many thanks BT . looks like its midnight over there ,, only 4pm here .. but thanks heaps and cheers
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