Billytt Die happy trading e/j daily breakout | Page 817 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #16,321
  • Mar 31, 2017 3:37am Mar 31, 2017 3:37am
Quoting Piphunter00
{quote} 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...
Everything in life is based on maths, my teacher at school told us this . my lady has also repeated it.
The 07-45 bar is closely related to the 04-00 bar, meaning the high/low is quite often the high/low of the 04-00 bar. This provides stats, the 04-00 might be an inside bar with the Daily, more stats as inside bar breaks are good to trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,322
  • Mar 31, 2017 3:38am Mar 31, 2017 3:38am
Quoting Piphunter00
{quote} 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...
''...some of these four hour bars have quiet a hefty range and a stop that big would be just a mess.''

Countering is the key.
  • #16,323
  • Mar 31, 2017 3:40am Mar 31, 2017 3:40am
Quoting billytt
{quote} 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.
Ah, so you don't use a buffer on the H4 Billy-Bar?
  • #16,324
  • Mar 31, 2017 3:40am Mar 31, 2017 3:40am
Quoting lemercenaire
{quote} ''...some of these four hour bars have quiet a hefty range and a stop that big would be just a mess.'' Countering is the key.
ive noticed this is a big part of everything here. I just don't fully understand it tbh. I get that your just leaving that loss in limbo so it cant hurt you any further but whats the process of getting out either flat with no loss or with some profit?
  • #16,325
  • Mar 31, 2017 3:41am Mar 31, 2017 3:41am
[quote=Piphunter00;9725530]{quote} 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


you can always trade the 04-00 on the retrace.
Let it trigger then retrace, you then enter. This will cut your losses if it happens, gain you more if it is good. Only trouble is. it might not retrace and you dont know how far it will retrace?. but you can look for clues.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,326
  • Mar 31, 2017 3:42am Mar 31, 2017 3:42am
Quoting billytt
{quote} thankyou.
Very formal William !
  • #16,327
  • Mar 31, 2017 3:44am Mar 31, 2017 3:44am
Quoting lemercenaire
{quote} Ah, so you don't use a buffer on the H4 Billy-Bar?
no buffer on the 04-00 bar. Now it is contradiction time, i have done though lol.
If the open is the same or very close to the previous bar i will/might.
IF IN DOUBT STAY OUT.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,328
  • Mar 31, 2017 3:45am Mar 31, 2017 3:45am
Quoting lemercenaire
{quote} ''...some of these four hour bars have quiet a hefty range and a stop that big would be just a mess.'' Countering is the key.
so using G/U as the active example again is this analysis correct. if you traded the break it gave up +5 and then reversed. so if you had not gotten out at +5, when it got to the wick zone you would have been down -9 -10 give or take. you counter with a buy at the wick zone. that coughs up +13 what then? now it breaks the h4 low again with the appearance like its about to shit iself lol
  • #16,329
  • Mar 31, 2017 3:47am Mar 31, 2017 3:47am
Quoting billytt
{quote} no buffer on the 04-00 bar. Now it is contradiction time, i have done though lol. If the open is the same or very close to the previous bar i will/might. IF IN DOUBT STAY OUT.
Got you. I was sure I'd heard you (or read you, you know what I mean!) say you had done both.
  • #16,330
  • Mar 31, 2017 3:48am Mar 31, 2017 3:48am
Quoting Piphunter00
{quote} ive noticed this is a big part of everything here. I just don't fully understand it tbh. I get that your just leaving that loss in limbo so it cant hurt you any further but whats the process of getting out either flat with no loss or with some profit?
hold a bad trade in limbo and you will get it back on next trigger or 2 .
Stats lead the way, even if the stats go negative that is a stat in itself ...
you look for the frequency....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,331
  • Mar 31, 2017 3:48am Mar 31, 2017 3:48am
Quoting claudia1
{quote} Very formal William !
you are welcome ,ma'am.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,332
  • Mar 31, 2017 3:49am Mar 31, 2017 3:49am
Quoting Piphunter00
{quote} so using G/U as the active example again is this analysis correct. if you traded the break it gave up +5 and then reversed. so if you had not gotten out at +5, when it got to the wick zone you would have been down -9 -10 give or take. you counter with a buy at the wick zone. that coughs up +13 what then? now it breaks the h4 low again with the appearance like its about to shit iself lol
i'm glad you asked Lem that lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,333
  • Mar 31, 2017 3:50am Mar 31, 2017 3:50am
Quoting Piphunter00
{quote} so using G/U as the active example again is this analysis correct. if you traded the break it gave up +5 and then reversed. so if you had not gotten out at +5, when it got to the wick zone you would have been down -9 -10 give or take. you counter with a buy at the wick zone. that coughs up +13 what then? now it breaks the h4 low again with the appearance like its about to shit iself lol
I'll let Billy answer as to the best way to run a counter (if you don't mind, Billy) - he explains it better and more easily than me. I find it easier to do than to explain.
  • #16,334
  • Mar 31, 2017 3:51am Mar 31, 2017 3:51am
Quoting billytt
{quote} i'm glad you asked Lem that lol.
Lol - you typed faster than I did, Billy!
  • #16,335
  • Mar 31, 2017 3:51am Mar 31, 2017 3:51am
Quoting lemercenaire
{quote} Does it involve selling Cable by any chance?
Not far wrong lol.
  • #16,336
  • Mar 31, 2017 3:51am Mar 31, 2017 3:51am
Quoting billytt
{quote} hold a bad trade in limbo and you will get it back on next trigger or 2 . Stats lead the way, even if the stats go negative that is a stat in itself ... you look for the frequency....
so you hold that loss in limbo (lets jus say your holding a -10 position on your book) when your next trade comes around and you make +10, close out the limbo and be flat or if by your lucky stars your next trade coughs up more you walk away in profit?

am I correct in saying that Lem you base your counters off the wick zone? and billy ive previously read you saying that you counter into the -20 -30 zones (I'm guessin that's based on whatever stats your working off of)
  • #16,337
  • Mar 31, 2017 3:52am Mar 31, 2017 3:52am
Quoting lemercenaire
{quote} I'll let Billy answer as to the best way to run a counter (if you don't mind, Billy) - he explains it better and more easily than me. I find it easier to do than to explain.
erm erm, i can explain my counter off an 04-00 break if you want.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,338
  • Mar 31, 2017 3:55am Mar 31, 2017 3:55am
yes please sir! lol I will try to wrap my head around it and demo it as much as I can. although I remember you saying your lady done pretty well using stops before aswell, but hey I wana be a real alien
  • #16,339
  • Mar 31, 2017 3:57am Mar 31, 2017 3:57am
[quote=Piphunter00;9725623]{quote} so you hold that loss in limbo (lets jus say your holding a -10 position on your book) when your next trade comes around and you make +10, close out the limbo and be flat or if by your lucky stars your next trade coughs up more you walk away in profit? am I correct in saying that

yes, forget the luck part though... I would rather be flat than lose, it is very rare i end flat.
Majority of my 04-00 breaks the range will be approx 25. you will find that smaller ranges approx 15 have a tendency to whip, which we dont want.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,340
  • Mar 31, 2017 3:59am Mar 31, 2017 3:59am
Quoting billytt
{quote} erm erm, i can explain my counter off an 04-00 break if you want.
Pssst...don't mention the counter-counter of the counter
9 traders viewing now