Billytt Die happy trading e/j daily breakout

Quoting billytt

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i will catch you guys later, just off to build a patio....

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Quoting slowbrain

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{quote} Lem I have question , about the counter , to be close at breakeven this morning your counter should be 2.6 times bigger than your first entry ? Thanks in advance for the response ....

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Quoting lemercenaire

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{quote} Hi SB. The way it went this morning on v1 (the top variant as posted, v2 is treated slightly differently) is this (forget spreads for this, assume taken into account): First trade Buy - Fails. goes negative. Enter Counter (Trade #2) as price passes half-way down the mid-zone. Two trades now running, one buy, one sell. Open Trade #3 as Sell entry is crossed, closing Trade #1 at sl. Close Trade #2 and #3 as hit sell tp. I will sometimes close 80% here and move sl to halfway down mid-box. Or close one trade and let other run. The rest is left...

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Quoting billytt

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{quote} Hi bud,that is why i collate stats and also what is your definition of SUCCEED? I am more than happy to get +5 rather than look for +50 or +100 etc. Forget what i am doing at the moment trading off the 07-30 bar as this does have slightly more risk but does well..

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Quoting lemercenaire

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{quote} Well, now you mention it, lol... I am looking at an indi which gives a directional bias and has performed very well in testing so far. Yes, it's Alien Technology (surprise, surprise), so one would have to take a trip to The Other Galaxy to add it but if it works as well as it seems to, then I'm sure that would be no hardship. The thing is, as Billy says, all of this is already factored into our methods and we can trade no matter what direction comes out on top - however, where it could prove invaluable is for those traders who do not have...

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Quoting slowbrain

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{quote} Lem Thanks a lot , it make sense ... and its makes sense mathematically...I really appreciate all of your posts ...

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Quoting learn2fly

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{quote} hi bill, thanks for the reply my only problem is when we face a failed breakout. like what happened today on AU low triggered. lucky i didnt trade the low. but i really need to learn how to manage the bad trade. when you say you counter trade, how to do that? because i know with only 5+ pips profit, is too small compared with the losses we had when breakout failed.. {quote} hi lem, you are right... i am the one who can not counter/hedge as you said. that's why i want to ask all of you how to minimize the failed breakout.[/highlight]...

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Quoting lemercenaire

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{quote} i'm confused, how counter trade saves our losses? Hi L2F. Not stupid at all. If you aren't able to hedge / counter, then it can be hard to get your head around. Think of it like having two glasses - one full and one empty, connected by a tube with a twist-gate in it. Turn the twist-gate and water flows out of one glass into the other. Now both glasses have some water in them, one more than the other still - but the amount of water in total is still the same. Now imagine two sides to a price move. Enter one way and it goes wrong, you go down...

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Quoting learn2fly

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{quote} Thanks a lot lem.. for your explanation But why dont we just closed it with -5? And wait for next trigger?

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Quoting turnip15

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Lems' CAD "Dead Zone" Wick trade - noon to 1pm UK Nice short {image}

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Quoting lemercenaire

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Been sitting on this all morning - finally blew... US SPX 500 Rolling Cash H4 07.00 {image}

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Quoting lemercenaire

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{quote} A genuinely bonkers market... {image}

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