Billytt Die happy trading e/j daily breakout | Page 816 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #16,301
  • Mar 31, 2017 2:50am Mar 31, 2017 2:50am
Quoting lemercenaire
{quote} For me, a large bar is a bonus, as I trade with the addition of alien techniques, which means I will happily trade the break back inside the body.
Make sure you differentiate between Alien techniques which belong to Forex Alien, and the Advanced Alien civilization, which belongs to TRO. It is time to come out of the closet about TRO. He is no longer a stealth vendor. He is busy in another website. ( I know you know that). TRO has made some decent contributions to the FX world as far as I can see.
If you are good at something, never do it for free--Joker
  • #16,302
  • Mar 31, 2017 2:53am Mar 31, 2017 2:53am
Quoting Piphunter00
{quote} ahh so that's what you aliens mean by surfing, see here on earth when we surf we just take a cool shaped plank and stand on it in water
A couple of examples of yesterday's Dead Zone extended to today which show how magnetic these levels can be for price...

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  • #16,303
  • Mar 31, 2017 2:58am Mar 31, 2017 2:58am
Quoting Piphunter00
{quote} this is basically what I'm stuck trying to structure a question about. how can I go about determining a failure when going back over the historical data to then find out cool alien stuff like how much u can squeeze out of a failed trade you also seem to involve the body of the candle a lot aswell lem. whats the basis behind that, does it play a role in 'failures' or countering when the original break of a boundary isn't clucking like it should be
There are stats available which show that price will leave the ''zones-formed-by-wicks'' and that is the basis for this style of trading. Originally developed in a galaxy far, far, away for the Daily candle but equally as valid for H4 (and for any others, come to that matter). The key point is that you enter as price leaves the zone, not as it enters.
  • #16,304
  • Mar 31, 2017 3:00am Mar 31, 2017 3:00am
Quoting Piphunter00
{quote}{quote} isit a book that is trading related? that would be very interesting I would definitely pay for a copy
Hi, actually my book is/was based on some of the ridiculous and scandalous trades/methods used by people and the topic aimed at gurus.
It started a few years ago when euro was being smashed to pieces and fell heavily, gurus screaming out sell sell sell, THEN IT REVERSED and killed a lot of little traders. Anyway i got lots and lots of information then received a couple of solicitors letters warning me off lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,305
  • Mar 31, 2017 3:01am Mar 31, 2017 3:01am
Quoting jmn5611
{quote} Make sure you differentiate between Alien techniques which belong to Forex Alien, and the Advanced Alien civilization, which belongs to TRO. It is time to come out of the closet about TRO. He is no longer a stealth vendor. He is busy in another website. ( I know you know that). TRO has made some decent contributions to the FX world as far as I can see.
Oh, everybody here knows which galaxy I speak of .
  • #16,306
  • Mar 31, 2017 3:04am Mar 31, 2017 3:04am
Quoting claudia1
@Billly - if you want a new idea I got one and is so simple but you do the stats.
please tell Claudia, thanks..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,307
  • Mar 31, 2017 3:04am Mar 31, 2017 3:04am
Quoting lemercenaire
{quote} There are stats available which show that price will leave the ''zones-formed-by-wicks'' and that is the basis for this style of trading. Originally developed in a galaxy far, far, away for the Daily candle but equally as valid for H4 (and for any others, come to that matter). The key point is that you enter as price leaves the zone, not as it enters.
so its not used in a way were prices has broken and coming back to it. your saying its when it leaves the wick zone again after coming back through it.

G/U has come back inside that h4 wick zone, so do you make use of it if it were to leave that zone to the downside again?

also any insight on my question about finding the right stop through the stats?
  • #16,308
  • Mar 31, 2017 3:06am Mar 31, 2017 3:06am
Quoting billytt
{quote} Hi, actually my book is/was based on some of the ridiculous and scandalous trades/methods used by people and the topic aimed at gurus. It started a few years ago when euro was being smashed to pieces and fell heavily, gurus screaming out sell sell sell, THEN IT REVERSED and killed a lot of little traders. Anyway i got lots and lots of information then received a couple of solicitors letters warning me off lol.
should release it incognito under a pen name lol
  • #16,309
  • Mar 31, 2017 3:12am Mar 31, 2017 3:12am
Quoting billytt
{quote} please tell Claudia, thanks..
I'll ping you later.
  • #16,310
  • Mar 31, 2017 3:16am Mar 31, 2017 3:16am
Quoting Piphunter00
{quote} thank you very much billy. this thread is empowering. my interest in finding simplicity was drawn in by tooslow's threads then I saw Lem frequented this thread quiet a lot so quickly browsed over it and I don't intend on looking back lol. over the weekend I plan on working up some statistics over the past year or two (however much I can cram in) on the cable and then start my journey are the stops used in the h4 breakout (if one is to use stops as opposed to a counter) based on the other extreme of the candle or is this something found through...
Hi, short post i hope.
I believe Tooslow has based his method on Frequency Distribution Range, which i do but i had no idea what it was called, it was self taught lol.

My Lady friend is also a maths lecturer and she has brought the FDR up too.

04-00 break. you can use a stop for the length of range ,i prefer to counter. You dont lose until you close a trade.
i am currently working on the 07-45 break. Cable is good for this, E/J good for the 07-30 break lol.
I use 20 for a fail for stats. you need a line to work off.
Keep asking questions and it will fall into place. My break method is very similar to Lems dead zone.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,311
  • Mar 31, 2017 3:17am Mar 31, 2017 3:17am
Quoting jmn5611
{quote} Make sure you differentiate between Alien techniques which belong to Forex Alien, and the Advanced Alien civilization, which belongs to TRO. It is time to come out of the closet about TRO. He is no longer a stealth vendor. He is busy in another website. ( I know you know that). TRO has made some decent contributions to the FX world as far as I can see.

and mine lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,312
  • Mar 31, 2017 3:22am Mar 31, 2017 3:22am
Quoting Piphunter00
{quote} so its not used in a way were prices has broken and coming back to it. your saying its when it leaves the wick zone again after coming back through it. G/U has come back inside that h4 wick zone, so do you make use of it if it were to leave that zone to the downside again? also any insight on my question about finding the right stop through the stats?
Using your GU move as an eg:

First trade would have been a Failed BreakOut (note, Billy uses a 5-pip buffer on the first break, I do not - I will probably be changing that having run it both ways for a while to see what's what. So his trade would not have triggered).

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Second trade will trigger as it exits the lower WZ and back into the body of the candle.

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Where the original trade is closed and / or counter begins will depend on the shape of the candle (for me - again, Billy does it slightly differently).
  • #16,313
  • Mar 31, 2017 3:23am Mar 31, 2017 3:23am
Quoting Piphunter00
{quote} so its not used in a way were prices has broken and coming back to it. your saying its when it leaves the wick zone again after coming back through it. G/U has come back inside that h4 wick zone, so do you make use of it if it were to leave that zone to the downside again? also any insight on my question about finding the right stop through the stats?
i looked at something like this years ago but it just wasn't my style.
i think you will find it is the big guys playing games and Luckily Lem is capitalising on it.
true example, years and years ago , some share holders in the know would dump their shares causing price to drop, and then they would buy them back at a very low price knowing that news would make share price go through the roof. Its a game.
It is actually happening again but disguised....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,314
  • Mar 31, 2017 3:26am Mar 31, 2017 3:26am
Quoting Piphunter00
{quote} should release it incognito under a pen name lol
lol, what like? Mark Twain, shakespeare lol.
Opening line of new Best Seller, In the beginning God created the heaven and the earth and Forex. god can be adjusted to Allah or Lem.lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,315
  • Mar 31, 2017 3:26am Mar 31, 2017 3:26am
Quoting claudia1
{quote} I'll ping you later.
thankyou.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,316
  • Mar 31, 2017 3:27am Mar 31, 2017 3:27am
Quoting billytt
{quote} Hi, short post i hope. I believe Tooslow has based his method on Frequency Distribution Range, which i do but i had no idea what it was called, it was self taught lol. My Lady friend is also a maths lecturer and she has brought the FDR up too. 04-00 break. you can use a stop for the length of range ,i prefer to counter. You dont lose until you close a trade. i am currently working on the 07-45 break. Cable is good for this, E/J good for the 07-30 break lol. I use 20 for a fail for stats. you need a line to work off. Keep asking questions...
jeezus, I'm pretty conviced youll find an edge anywhere lol! the 7-45's and 7-30's are they the ones when you trade the direction of the 5m candle like ive previously read? its like a candy shop for edges in this place I don't want to get too carried away I'm jus curious as ill probably note them down and revisit them when I'm feeling abit more extra-terrestrial. right now I just want to focus on these simple to follow breaks and hopefully take some money out of the dam market for all of the time ive put into it lol

thanks for your detailed reply on the FDR (im guessing this is jus looking at which is the most frequent result answer to the question your asking) and your quantification of a fail for your stats. ill start with 20 pips and see where it takes me, because some of these four hour bars have quiet a hefty range and a stop that big would be just a mess. I just want to start out with a stop. I'm sure with time ill learn the logistics of the counter and then hopefully grow the balls
  • #16,317
  • Mar 31, 2017 3:27am Mar 31, 2017 3:27am
Quoting billytt
{quote} lol, what like? Mark Twain, shakespeare lol. Opening line of new Best Seller, In the beginning God created the heaven and the earth and Forex. god can be adjusted to Allah or Lem.lol.
like banksy! lol no one know who you are. go draw a big art piece on the side of HSBC of a retail trader with his ass in a crocodiles mouth and a forex guru sitting on a deck chair


think you just found your book cover artwork
  • #16,318
  • Mar 31, 2017 3:30am Mar 31, 2017 3:30am
Quoting lemercenaire
{quote} Using your GU move as an eg: First trade would have been a Failed BreakOut (note, Billy uses a 5-pip buffer on the first break, I do not - I will probably be changing that having run it both ways for a while to see what's what. So his trade would not have triggered). {image} Second trade will trigger as it exits the lower WZ and back into the body of the candle. {image} Where the original trade is closed and / or counter begins will depend on the shape of the candle (for me - again, Billy does it slightly differently).

Hi Lem, i use a 5 point buffer on the 07-45 break and only on the first trigger, if it reverses i will enter on the actual high/low. i can explain more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,319
  • Mar 31, 2017 3:32am Mar 31, 2017 3:32am
Quoting lemercenaire
{quote} Using your GU move as an eg: First trade would have been a Failed BreakOut (note, Billy uses a 5-pip buffer on the first break, I do not - I will probably be changing that having run it both ways for a while to see what's what. So his trade would not have triggered). {image} Second trade will trigger as it exits the lower WZ and back into the body of the candle. {image} Where the original trade is closed and / or counter begins will depend on the shape of the candle (for me - again, Billy does it slightly differently).
fully understand now. I thought that's what it was initially just didn't know for sure. so by that logic you would have taken 14 pips back lol your a menace

I got a feeling bucketshops don't like you guys
  • #16,320
  • Mar 31, 2017 3:36am Mar 31, 2017 3:36am
Quoting billytt
{quote} lol, what like? Mark Twain, shakespeare lol. Opening line of new Best Seller, In the beginning God created the heaven and the earth and Forex. god can be adjusted to Allah or Lem.lol.
Ha ha - when I was kicking, I was known as Field Goal Jesus...(in the days before I got fed up looking like a redneck and shaved my head, lol. Boy, you should see that passport photo. I'd never be allowed on a plane, these days).
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