Billytt Die happy trading e/j daily breakout | Page 820 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #16,381
  • Mar 31, 2017 4:26pm Mar 31, 2017 4:26pm
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  • #16,382
  • Mar 31, 2017 4:29pm Mar 31, 2017 4:29pm
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  • #16,383
  • Mar 31, 2017 4:32pm Mar 31, 2017 4:32pm
Hey ho, away we go, we're on the road to never...

...Or as it's otherwise known, the weekend.

As we have to have this enforced time away from the screens, I suppose we should try and enjoy it ...Have a good one, folks and I'll see you on the other side.

Watch the skies ...
  • #16,384
  • Edited 10:37pm Mar 31, 2017 9:58pm | Edited 10:37pm
Quoting Piphunter00
{quote}{quote} well if your clarifying its as simple as I put it in my question it doesn't seem too daunting.. wait? so you mofos aren't taking any losses?!?!?! blasphemy said the forex jesus! yeah don't mention the counter counter of the counter just yet. you might scare this young earthling
i take no losses... Now to contradict myself. Last year 4 losses, the year before 3 losses and the year before 3 losses, this year 1 loss.
i trade 1 pair each day (sometimes 2) I might do 2 trades with that pair meaning i might enter a retrace trade. That is it.i am very selective and the more you trade the more chance you have to lose. should i get a bad trade and i counter i will wait for next trigger which could be next day, and yes you can counter a counter. you trade using a small percentage of a big bank roll. It is using muscle to punch the trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,385
  • Mar 31, 2017 10:05pm Mar 31, 2017 10:05pm
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...
Thanks bud and welcome, i do get plenty of messages from lurkers and i am happy to help
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,386
  • Mar 31, 2017 10:09pm Mar 31, 2017 10:09pm
Quoting TooSlow
{quote} 1) Not my method. Came from ADVANCED ALIEN CIVILIZATION years ago. 2) Range has nothing to do with it.
Range has a lot to do with it, it is no good saying you have 20 wins in a row if majority of them are 20 points and you are looking for 30 take profit because you'll lose.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,387
  • Mar 31, 2017 10:09pm Mar 31, 2017 10:09pm
Quoting TooSlow
{quote} Pick one method. Pick one pair. Stick with them for at least one month.
good post and very true.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,388
  • Mar 31, 2017 10:20pm Mar 31, 2017 10:20pm
[quote=Piphunter00;9726309]{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


as spoken of many times. in a week i look for 25% gain or 5% per day.
Some weeks i have more than 25% gain, so this extra can be used to off set any loss/counter.
example, week 1 i make 25%, week 2 -35. % , week 3-15% it is obvious 3rd week was a loss but the 2nd week covered it.

AND THEN WE HAVE COMPOUNDING, Trade a decent simple method off a decent break line , like uk/usa open and you are laughing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,389
  • Mar 31, 2017 10:27pm Mar 31, 2017 10:27pm
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.
correct bud,I did use FDR when i traded daily range, but with the daily it was better to look at the average daily range if i had a bad trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,390
  • Mar 31, 2017 10:33pm Mar 31, 2017 10:33pm
Quoting Piphunter00
{quote} 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?
To trade a fail, you are going to either raise your lot size and/or trade the opposite end and look for daily range for extra points or a 00 /level/inside bar break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,391
  • Mar 31, 2017 10:35pm Mar 31, 2017 10:35pm
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?
of course, if i can i will try and show you Monday .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,392
  • Edited 5:18am Apr 1, 2017 3:10am | Edited 5:18am
Quoting billytt
{quote} To trade a fail, you are going to either raise your lot size and/or trade the opposite end and look for daily range for extra points or a 00 /level/inside bar break
When trading the fail as opposed to the counter do you close out your initial trade that's underwater and obviously make it back on the fail? Yeah Monday if you can that would be a help I just want to know what TF Candle you look at for the 45 & 30. Going to start on my stats today! Can't wait

Edit: didn't realise lem had posted pics to clarify the candles a page ago thanks
  • #16,393
  • Edited 5:25am Apr 1, 2017 5:12am | Edited 5:25am
Quoting billytt
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 as spoken of many times. in a week i look for 25% gain or 5% per day. Some weeks i have more than 25% gain, so this extra can be used to off set any loss/counter. example, week 1 i make 25%, week 2 -35. % , week 3-15% it is obvious 3rd week was a loss but the 2nd week covered it. AND THEN WE HAVE COMPOUNDING, Trade
...
I've read your posts on compounding and I think I understand it unless you use compounding in other ways. I screenshot a post where you described your initial trade being +10 then you bank it enter again with double the size and stop at - 10? So in effect if you lose you take a 10 pt. Loss and if it comes through you've banked 30? Not sure if I explained it in the exact way but very clever lol is this the gist of it or do you have other clever ways lol? What I was asking is what to do if you have two days in a row where you end up running a counter? Just for sake of example say my counter threshold is - 20 and I get two days in a row where that ends up happening? What's the course of action just trade out of it? For someone with a smaller bankroll would it be safer to trade the failure to recoup to begin with if the stats are good for it? I appreciate you taking time to respond because I'm sure a lot of this will show itself in the stats. When I bank me a nice return I'll have to send you and lem a gift! TooSlow as well but shipping to the US in an ass lol
  • #16,394
  • Apr 1, 2017 5:32am Apr 1, 2017 5:32am
Quoting billytt
{quote} i take no losses... Now to contradict myself. Last year 4 losses, the year before 3 losses and the year before 3 losses, this year 1 loss. i trade 1 pair each day (sometimes 2) I might do 2 trades with that pair meaning i might enter a retrace trade. That is it.i am very selective and the more you trade the more chance you have to lose. should i get a bad trade and i counter i will wait for next trigger which could be next day, and yes you can counter a counter. you trade using a small percentage of a big bank roll. It is using muscle to...
Cant believe my eyes. No wonder this thread is buried in the commercial section where one hardly ever looks. There would be less lambs to slaughter
  • #16,395
  • Apr 1, 2017 8:43am Apr 1, 2017 8:43am
Quoting Piphunter00
{quote} When trading the fail as opposed to the counter do you close out your initial trade that's underwater and obviously make it back on the fail? Yeah Monday if you can that would be a help I just want to know what TF Candle you look at for the 45 & 30. Going to start on my stats today! Can't wait Edit: didn't realise lem had posted pics to clarify the candles a page ago thanks
If you make a trade for instance off a 25 range bar and it loses, you close trade at -25 and start again..with either higher lot size or chase a daily range trade for extra points to get your money back. I prefer to counter. Many times a close trade repeat is actually better than a counter but we do not know when this will happen..(unless you have stats )lol...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,396
  • Apr 1, 2017 8:51am Apr 1, 2017 8:51am
[quote=Piphunter00;9728380]{quote}{quote} I've read your posts on compounding and I think I understand it unless you use compounding in other ways. I screenshot a post where you described your initial trade being +10 then you bank it enter again with double the size and stop at - 10? So in effect if you lose you take a 10 pt. Loss and if it comes through you've banked 30? Not sure if I explained it in the exact way but very clever lol is this the gist of it or do you have other clever ways lol? What I was asking is what to do if you have two days in a row where you end up running a counter? Just for sake of example say my counter threshold is - 20 and I get two days in a row where that ends up happening?

you can have more than one day at losing, if i counter my loss will be approx -25, 2 days losses can be -50. some times some of the counters can cancel each other out. It is like a machine once your countering. I am not actually telling the whole trading method because i sold it, but i have told well over 90% and it can be worked out. and no i am not going to sell it on FF.
It does help to have a massive roll though, that is why the 04-00 bar is ideal
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,397
  • Apr 1, 2017 8:54am Apr 1, 2017 8:54am
Quoting Piphunter00
{quote} Cant believe my eyes. No wonder this thread is buried in the commercial section where one hardly ever looks. There would be less lambs to slaughter
ok another clue/S. you don't counter a counter but counter the next trigger if it fails. I actually trade an advanced form of grid trading so i have been told... (not a uniform grid)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,398
  • Apr 1, 2017 11:00am Apr 1, 2017 11:00am
Quoting lemercenaire
{quote} 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...
FB is my favorite, followed by GU at london open (that's always fun)
  • #16,399
  • Apr 1, 2017 11:09am Apr 1, 2017 11:09am
Quoting billytt
{quote} ok another clue/S. you don't counter a counter but counter the next trigger if it fails. I actually trade an advanced form of grid trading so i have been told... (not a uniform grid)
feed me your secrets gobble gobble.
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  • #16,400
  • Apr 1, 2017 12:47pm Apr 1, 2017 12:47pm
Quoting billytt
{quote} If you make a trade for instance off a 25 range bar and it loses, you close trade at -25 and start again..with either higher lot size or chase a daily range trade for extra points to get your money back. I prefer to counter. Many times a close trade repeat is actually better than a counter but we do not know when this will happen..(unless you have stats )lol...
I have noticed this today. Managed to clear through 106 days of data today and noticed how there was some situations that closing out and riding the failure would have put you in a better position.
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