Billytt Die happy trading e/j daily breakout | Page 819 | 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

  • #16,361
  • Mar 31, 2017 5:13am Mar 31, 2017 5:13am
Quoting turnip15
{quote} Not trading today -been to art class. Saw the above post just now and thought I would post an AU 4 hour chart ( 4am to 8am bars) - Lems "wick zone" looks good here. See if you can decide how many good trades you have bearing in mind your target and that Lem prefers price going into the body ala "Alien" stuff. Peed off with Dax and the half hour -nasty bite habit - so I have created a folder for testing 5minute bars and the break of the 7:55am bar since Billy has mentioned it. {image}
With the AU H4 Billy-Bar (and most of the others, tbh), I have given serious consideration to dropping any move to the outside completely and simply running price inside the body via the WZ move. If it wasn't for the fact that Billy's stats give enough weight to the initial +5, I probably would have done it long ago.
  • #16,362
  • Mar 31, 2017 5:22am Mar 31, 2017 5:22am
I'm done for the day. folks. Off out down the coast.

If you insist on carrying on, trade well and I'll catch y'all later.
  • #16,363
  • Mar 31, 2017 5:25am Mar 31, 2017 5:25am
Oh - and AU just did this, lol...love it...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4ohandAUjustdidthisLOL31stMarch17crop.png Size: 21 KB



Gone now...
  • #16,364
  • Mar 31, 2017 7:23am Mar 31, 2017 7:23am
Quoting simtrad
You know, I hadn't looked at FF for months until a couple of weeks ago. I had forgotten how awesome this thread is and with the addition of people like Lem it is even better than ever. The fact it is still running and hasn't been twisted by trolls speaks volumes You will read a lot of crap on this forum (and others as well) implying breakout trading will not make money. For the majority of aspiring traders this will undoubtedly be true, but this is also true for every trading system ever devised regardless of whether it has positive expectancy or...
YES you picked up that as well, the boredom will kill~ obviously the members are the bomb.com
  • #16,365
  • Mar 31, 2017 7:25am Mar 31, 2017 7:25am
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.
Today was a perfect example for me. The bugger opened on the high. So it looked strong and I got in with a buffer.
Attached Image (click to enlarge)
Click to Enlarge Name: first.jpg Size: 100 KB
  • #16,366
  • Mar 31, 2017 7:27am Mar 31, 2017 7:27am
Claudia - strong close above the DP first market hour (clue for buy until yesterdays cap?)
  • #16,367
  • Mar 31, 2017 7:36am Mar 31, 2017 7:36am
Quoting lemercenaire
Watching a HOLO on GA - at least for a little while longer. If it hasn't made a move by the next brew-break, I'm done. I will not be up all night again tonight... I will not be up all night again tonight... I will not be up all night again tonight... I will not be up all ni...
Drains me to the MAX. All nighters are were the money hides... though
  • #16,368
  • Mar 31, 2017 7:37am Mar 31, 2017 7:37am
Quoting Piphunter00
{quote} no surprise there lem. hows the weather in krypton anyway? what would you suggest for a mere earthling jus getting started with this? ive been sitting here for about half an hour attempting to compile some questions to find statistics on over the coming weekend and I'm trying very lost to figure out what would be the best way to find an ideal 'stop' I know most of you guys counter but I wouldn't want to try fly the spaceship without alien certification yet think my heads jus a bit boggled because I realize...
Pick one method.
Pick one pair.
Stick with them for at least one month.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,369
  • Mar 31, 2017 7:39am Mar 31, 2017 7:39am
Quoting lemercenaire
{quote} Oh, everybody here knows which galaxy I speak of .
Some, many, most, but not all know.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,370
  • Mar 31, 2017 7:41am Mar 31, 2017 7:41am
Quoting lemercenaire
{quote} Yes. Unless you are going to enter the opposite way at the original point of entry, you are always going to have some sort of loss (and you will have costs incurred anyway, so it's impossible not to). All we are doing is looking to lock in and neutralise it as soon as possible. It really is easier to do than explain, lol. Practice, practice, practice, as always, is the way to go. Use demo. Don't worry that you don't have the psychological pressures of it not being real money, that's not what this is about. At this point all you are trying...
yes will be demoing as soon as possible! thank you again lem.
any pointers in what to do if you get thrown two curveballs in a row? or in a situation where your shooting for 10 pips and countering -20 (if that's what ur stats suggest) and have one loss in limbo, make +10 and restore half of it, then get throwin a second curveball.

is that where the proverbial balls come into it to just trust the edge or is that where the counter counter of the counter i heard being spoken of in hush tones comes into play lol
  • #16,371
  • Mar 31, 2017 7:41am Mar 31, 2017 7:41am
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...
1) Not my method. Came from ADVANCED ALIEN CIVILIZATION years ago.
2) Range has nothing to do with it.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,372
  • Mar 31, 2017 7:51am Mar 31, 2017 7:51am
Quoting TooSlow
{quote} 1) Not my method. Came from ADVANCED ALIEN CIVILIZATION years ago. 2) Range has nothing to do with it.
I think in this instance Billytt is referring the the statistical FDR rather than a daily range etc we find in trading. Essentially Frequency Distribution Range is a way of finding the various outcomes of a particular method/sample/whatever and how often they occur. In short its a way of finding out if the stats are on one's side.
  • #16,373
  • Mar 31, 2017 8:18am Mar 31, 2017 8:18am
Quoting Pent56
{quote} I think in this instance Billytt is referring the the statistical FDR rather than a daily range etc we find in trading. Essentially Frequency Distribution Range is a way of finding the various outcomes of a particular method/sample/whatever and how often they occur. In short its a way of finding out if the stats are on one's side.
(to be fair) the frequency distribution range is the set limits (say 20 pips) that the experiment was conducted in. (when price is inbetween x pips away from high or low)
  • #16,374
  • Mar 31, 2017 8:53am Mar 31, 2017 8:53am
lems "Dead Zone" CAD -"Wick Zone"
Minus 3 pips on a long across centre line of trigger bar (arrowed)-cut trade on re-cross of that line South. Then short when price left low (wick zone) of trigger bar. Lem will probably post a round up later. His charts are better than mine :-)
See you all next week. Have a good weekend all.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD1452DZ12to1.jpg Size: 536 KB
every Saint has a past. Every Sinner has a Future
  • #16,375
  • Mar 31, 2017 9:30am Mar 31, 2017 9:30am
Quoting Pent56
{quote} I think in this instance Billytt is referring the the statistical FDR rather than a daily range etc we find in trading. Essentially Frequency Distribution Range is a way of finding the various outcomes of a particular method/sample/whatever and how often they occur. In short its a way of finding out if the stats are on one's side.
I understand range and how to use frequency distributions.
I stand by my original post.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16,376
  • Mar 31, 2017 10:43am Mar 31, 2017 10:43am
Quoting billytt
{quote} she has only ever traded dax, but as she is a uni lecturer she is limited to trading only on her days off. sometimes she trades whilst in traffic jam. But like i tell her this is wrong.lol
lool the traffic jam comment is funny as hell! i also remember you mentioning trading the failure is that also a viable way to recoup a loss as opposed to countering?
  • #16,377
  • Mar 31, 2017 12:43pm Mar 31, 2017 12:43pm
Quoting billytt
{quote} example , and i would not of traded it.. Dax 1 hour. {image} the range was approx 10. the high was 12259(green bar). i would of entered at 12259 +5 (buffer). High broke but did not trigger the 12264, it reversed and triggered the 12249. ( no buffer) and it dropped. yay. OR, i entered long at 12259 it reversed. i now lose -10 if i close trade then short. OR i counter at -10. if i closed trade at -10 then shorted i would of made %%%%. The counter would be held at -10 until next trade.
Billy when you can. Could you please clarify for me about the 730 and 745 are you using the 30min candle and the 15m for the latter?
  • #16,378
  • Mar 31, 2017 3:54pm Mar 31, 2017 3:54pm
Quoting Piphunter00
{quote} yes will be demoing as soon as possible! thank you again lem. any pointers in what to do if you get thrown two curveballs in a row? or in a situation where your shooting for 10 pips and countering -20 (if that's what ur stats suggest) and have one loss in limbo, make +10 and restore half of it, then get throwin a second curveball. is that where the proverbial balls come into it to just trust the edge or is that where the counter counter of the counter i heard being spoken of in hush tones comes into play lol
I genuinely can't think when I have ever had a multiple curveball situation in The Dead Zone! I think the only time it ever comes about is in The Frankfurt Break where I will occasionally have a triple-dipper needed. If that happens, the third one is basically to get as much as I can and then take the small loss. Come back fresh tomorrow. I once explained how that all ran to SlowBrain and if I can find that, I will see if it could help you see how it can work for you.

For The Dead Zone, if I really want to, I can play the day and once the first ''set'' of trades is locked in and doing its thing, then if price comes back into the zone(s), then I can take the next trigger as a completely new ''set'' of trades. This is what I mean when I talk to Mr-T about ''surfing the day''.

Edit: Just read Mr-T's description of how he played his UC set today and right on cue, he provides a great example of how you can use the Mid-Line to help in countering. Cheers, Mr-T. (Post #16,374)
  • #16,379
  • Mar 31, 2017 4:04pm Mar 31, 2017 4:04pm
Quoting Piphunter00
{quote} Billy when you can. Could you please clarify for me about the 730 and 745 are you using the 30min candle and the 15m for the latter?
DAX-Monster

07:30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M30DAX-Monster07.30March31st17.png Size: 26 KB


07:45
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M15DAX-Monster07.45March31st17.png Size: 28 KB
  • #16,380
  • Mar 31, 2017 4:24pm Mar 31, 2017 4:24pm
Dead Zone charts for the day. Looks like those who do trade Fridays were well - very well - rewarded. Not a bad set-up in sight.

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1DeadZone31stMarch17.png Size: 27 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1DeadZone31stMarch17.png Size: 34 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1DeadZone31stMarch17.png Size: 37 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKH1DeadZone31stMarch17.png Size: 37 KB


GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1DeadZone31stMarch17.png Size: 38 KB
86 traders viewing now