Billytt Die happy trading e/j daily breakout | Page 751 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #15,001
  • Feb 16, 2017 8:26pm Feb 16, 2017 8:26pm
or one i made earlier lol, E/J
Attached Image

A= enter..
B = enter another lot at +10.
C= close trade/s at +20 or it is now +30


edit, and they do lose, but you need a good pair and good stats

edit 2,,, the bar with arrow is the hypothetical trade i just posted
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,002
  • Feb 16, 2017 8:32pm Feb 16, 2017 8:32pm
that trade i just posted, i would never ever trade a compound or any other trade off that as i have no good trigger, it is for an exercise.
I am away now as i have one trading day left to blast cable ..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,003
  • Feb 16, 2017 8:33pm Feb 16, 2017 8:33pm
Quoting billytt
E/J at 02-16 uk time... Just suppose we are short .. we enter short at 12108 looking for 20 points. If it drops to 12098 we either close trade and re enter with double the stake OR add another lot on and when it reaches 12088.. so we get 30 points instead of 20.... {image} edit,, i adjusted my entry to 12108 as in the chart.. if it loses it loses, this is pretend...i use to do this with 20 stop and 20 target looking at 100 point range. so we had 20-40-80-160-320-640 and it can be done.
but you are doing the compounds with muscle yes - not actual moves - still +20 ect
  • #15,004
  • Feb 16, 2017 8:35pm Feb 16, 2017 8:35pm
Quoting wannalearn12
{quote} but you are doing the compounds with muscle yes - not actual moves - still +20 ect
so you can get +100 extra with only 10 pips.. with orders right?
  • #15,005
  • Feb 16, 2017 8:38pm Feb 16, 2017 8:38pm
Quoting wannalearn12
{quote} but you are doing the compounds with muscle yes - not actual moves - still +20 ect
you are basically using your winnings to gain more, bookies hate it.
When i say i look for 5% daily i usually get a bit more like 5.5% or 6% 6.5% etc. and all this extra helps to offset a loss and it all adds up. i get the advantage/edge
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,006
  • Feb 16, 2017 8:40pm Feb 16, 2017 8:40pm
Quoting wannalearn12
{quote} so you can get +100 extra with only 10 pips.. with orders right?
yes, i used to look for 20 points at a time but i needed a massive bank roll, The guy i am trading for has a smaller bankroll so i look for 10 points. He's 7k up and i've missed 2 days lol.anyway sleeptime
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,007
  • Feb 16, 2017 8:45pm Feb 16, 2017 8:45pm
Right - messed up here. Managed to reset my indi before taking screenshots ...clever...

I am sure you can force it to go back in time but not by me, so...for tonight, I have gone back old-school. You'll figure it out.

Best (most solid signals) options on the day were AU, GU, CJ, NU, NJ, XAU, UJ, GJ, GER30 and US500...
Of those AU had news coming, CJ had a small/no body, XAU had next to no body and US500 had no zones...
That left GU, NU, NJ, UJ, GJ and GER30.

I took GU and all was well in the world...
In fact all those last options hit the targets with the minimum of fuss, though UJ and GJ did so on the second moves (the first moves not being taken as against the directional bias).

As an aside, all of the pairs would have brought the right result, it's just that those ''less likely'', will have required varied amounts of extra work.

Anyway, I need to go get some sleep, so here's how it all looked.

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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  • #15,008
  • Feb 16, 2017 8:45pm Feb 16, 2017 8:45pm
Quoting wannalearn12
{quote} so you can get +100 extra with only 10 pips.. with orders right?
i said yes to this question just before... It isnt that easy.it is like those threads you see, £200 to £20 million .
either look for a mini spike good/fast move or double up each day which is a variation. A/U is ideal for that. but then you are looking at different range etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,009
  • Feb 16, 2017 8:47pm Feb 16, 2017 8:47pm
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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  • #15,010
  • Feb 16, 2017 8:50pm Feb 16, 2017 8:50pm
Quoting billytt
{quote} i said yes to this question just before... It isnt that easy.it is like those threads you see, 200 to 20 million . either look for a mini spike good/fast move or double up each day which is a variation. A/U is ideal for that. but then you are looking at different range etc.
Just making sure I understood, sorry! lol was exaggerating to make question clear.
  • #15,011
  • Feb 16, 2017 8:52pm Feb 16, 2017 8:52pm
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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  • #15,012
  • Feb 16, 2017 10:23pm Feb 16, 2017 10:23pm
Quoting billytt
{quote} thank you Lem, counter is the word...
Hi LM, Billy,

I guess by counter you guys mean: Enter long at the breakout above the 4 am GMT high and then if price reverses before +5 or +10 pips, then enter double the amount at a breakout below the 4 am GMT low? That way the long is stopped out and you are in a short position. So theoritically the stop is the Hi-Lo of the 0000 - 0400 GMT candle?
  • #15,013
  • Feb 17, 2017 2:30am Feb 17, 2017 2:30am
'Morning all. Nice bright-and-early success for The Frankfurt Break, with both variants hitting their tp with the minimum of effort...

Attached Image (click to enlarge)
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  • #15,014
  • Feb 17, 2017 2:35am Feb 17, 2017 2:35am
Quoting courier12
{quote} Hi LM, Billy, I guess by counter you guys mean: Enter long at the breakout above the 4 am GMT high and then if price reverses before +5 or +10 pips, then enter double the amount at a breakout below the 4 am GMT low? That way the long is stopped out and you are in a short position. So theoritically the stop is the Hi-Lo of the 0000 - 0400 GMT candle?
Hi. Basically, yes, though there are subtleties in approach between methods. For instance, it is not necessarily a double amount counter and where the counter begins is different depending on whether you are talking about AU 04:00 break, Dead Zone or Frankfurt Break. Also, the original trade is not always stopped out straight away, instead run as a true hedge (not a technique available to those traders based in the US).
  • #15,015
  • Feb 17, 2017 3:06am Feb 17, 2017 3:06am
Quoting wannalearn12
{quote} Just making sure I understood, sorry! lol was exaggerating to make question clear.
no problem bud, keep asking questions. i do have difficulty explaining sometimes in here.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,016
  • Feb 17, 2017 3:11am Feb 17, 2017 3:11am
t 09-08... Cable, the 07-30 range was 6,,, very small for me to compound BUT the Low of the 07-30 was also Low of the 04-00 bar so i just shorted it with a bigger lot size with a view to counter. It went well...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,017
  • Feb 17, 2017 3:19am Feb 17, 2017 3:19am
Quoting courier12
{quote} Hi LM, Billy, I guess by counter you guys mean: Enter long at the breakout above the 4 am GMT high and then if price reverses before +5 or +10 pips, then enter double the amount at a breakout below the 4 am GMT low? That way the long is stopped out and you are in a short position. So theoritically the stop is the Hi-Lo of the 0000 - 0400 GMT candle?
Hello Courier, hope all is well. Enter Long at 04-00 High,YES.... if it reverses before + 5 or +10 Short at 04-00 Low.
If this happens you have a good chance of making +20.
Normally i keep same lot size (no double) and i wait for next trigger. BUT sometimes i do double my lot size as trade might be approaching a 00 or inside bar break, pivot.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,018
  • Feb 17, 2017 3:21am Feb 17, 2017 3:21am
Quoting lemercenaire
{quote} Hi. Basically, yes, though there are subtleties in approach between methods. For instance, it is not necessarily a double amount counter and where the counter begins is different depending on whether you are talking about AU 04:00 break, Dead Zone or Frankfurt Break. Also, the original trade is not always stopped out straight away, instead run as a true hedge (not a technique available to those traders based in the US).
i dislike giving anything to a broker, a trade only fails when you close it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,019
  • Feb 17, 2017 3:30am Feb 17, 2017 3:30am
Compounding, i posted a theoretical trade earlier E/J
Attached Image

well it dropped
Attached Image

A = it made 10
B = it made another 10 but we had compounded or doubled trade. so we got 30 instead of 20.
This can lose and IF i had actually traded this, i would of closed it on the retrace before the +20 was made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,020
  • Edited 3:48am Feb 17, 2017 3:33am | Edited 3:48am
E/J THIS IS WHAT WE WANT
Attached Image


A= Trigger then it dropped for 20+ (actually 40)

edit, you could of made between 30 /80 points off this not just 20/40
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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