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Billytt Die happy trading e/j daily breakout

  • #16,421
  • Apr 2, 2017 5:02pm Apr 2, 2017 5:02pm
Quoting Piphunter00
{quote} This I'm not entirely sure I get.. So as opposed to taking the next trade we watch it go down and hit it if it fails? Thanks again Bill. Saw so much power in the stats so far today. Going to slog through the rest tomorrow.
That showed some interesting stuff! Question about 'trading the failure' is the entry wherever your threshold to be considered a failure is in ur stats or the other end of the candle? Unless the candle size is smaller than ur threshold


trade to fail, on 04-00 or 07-30 bar it is until the opposite end.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,422
  • Apr 2, 2017 5:04pm Apr 2, 2017 5:04pm
Quoting lemercenaire
{quote}{quote} Someone's been busy One thing you may not be aware of but which should be definitely kept in mind, especially if you find yourself thinking that you should go for more than "just" +5. Change that from +5 pips per day, to +5 percent.
percent is the name, i always speak of percent %%%%, 1 pip is 1% with me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,423
  • Apr 2, 2017 5:11pm Apr 2, 2017 5:11pm
Quoting Piphunter00
{quote} Thats what I'm boiling it down to lem! Going to just go for it and work out the kinks! LOL I had a feeling that may have been the case! Although Billy made a comment that he's yet to clarify for me that has confused me about 'not countering a counter but countering the next trigger if it fails' I'm sure he will clear it up for me when he's available though. I guess the last thing I really should know about countering is if the market does something insane overnight and your negative position is seriously battering your account (dam near...
i suppose it could happen if your bank roll runs out. Also, the bad trade might close and the good trade keep going. OR Bad trade close then good trade retrace.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,424
  • Apr 2, 2017 5:12pm Apr 2, 2017 5:12pm
Quoting lemercenaire
{quote} That's exactly right - it's in limbo for as long as you want it to be.
agreed..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,425
  • Apr 2, 2017 5:22pm Apr 2, 2017 5:22pm
[quote=StudyFX;9730015]Hello everyone, I've been reading this thread as much as I can to get a grasp of how you guys are trading. Just like Pent, I also wanted to thank Piphunter for asking a lot of questions. For now, I wanted to summarize what I understood until now and ask some questions. Please point out anything if you believe I am approaching it the wrong way. I highlighted the questions I had. Breakouts I can trade:
1) Billy bar: 4:00am-8:00am (UK time) H4 bar (4 hours before London Open) I believe Billy trades AUDUSD. this is my main pair to trade off the 04-00 bar.
I'm not sure if he has a buffer of 5 points of 5 pips.The 5 point buffer is for 07-45 bar.
2) 7:30 or 7:45 bar (UK time) M30 or M15 bar before London Open DAX. with Dax i am currently testing the 07-55 bar with no buffer just a continuation trade off the 07-55 bar. (scary)
I believe Billy also traded GBPUSD at one point. G/U is good on 04-00 bar but range can be big, i was trading it off the 07-45 bar looking for the move after uk open.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,426
  • Apr 2, 2017 6:06pm Apr 2, 2017 6:06pm
Quoting lemercenaire
{quote} First thing to clear up is a legit query on preferred pair(s) for The Dead Zone. I tested across every pair I could get and came up with the ones I post - all of them were chosen because they exhibited a similar movement profile. As such, you can be safe using any one (in theory). In practice,...
Quoting billytt
Quoting StudyFX
1) Billy bar: 4:00am-8:00am (UK time) H4 bar (4 hours before London Open) I believe Billy trades AUDUSD. this is my main pair
...

Thank you Lem and Billy for taking the time to answer some of my questions. I really appreciate it!
  • #16,427
  • Apr 2, 2017 11:52pm Apr 2, 2017 11:52pm
[quote=billytt;9730251][quote=Piphunter00;9729270]
Quoting billytt
{quote} Out of those 36 instances listed they all made +5 and +10 they just didn't go onto complete +20 (after seeing ur post about Compounding into a trade thought it would be useful to track that) I worked from April 4 to September 1 2016 so far (chart only went that far back for some reason) and out of all the trades that reached - 20 before +10 only a small fraction didn't make +5 I will post the exacts numbers when I am home. Hi, which time frame? +20 is for daily break.
I used the hourly. and when I posted that I had looked through 106 days of data from april 4 to sep 1. ah 20 is for the daily break makes sense now!

thanks for the answers again buddy
  • #16,428
  • Apr 3, 2017 12:45am Apr 3, 2017 12:45am
t 08-42, morning all. I am having lots of trouble with FF trying to post.
A/U 04-00 break.
Attached Image

this chart was copied at 08-36. the range was 19..
Low broke then retraced before +10.
anywhere in the (circle) we can add another short for extra points with reduced risk of loss (points).
it might fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,429
  • Edited 2:07am Apr 3, 2017 12:48am | Edited 2:07am
Gooooooooooooood morning all! Hope everyone had a good weekend and is back ready to rock-'n-roll.

I'm sitting on The Frankfurt Break, as both triggered early and are in a (kind of weak-looking) sell but also already closed on the EJ Billy-Bar (04.00 H4), which just cried out to be shorted, which it duly did, taken from a southbound flight out of the Northern--Airspace.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4asBilly-Bar-Break04.00H4sellalltheway3rdApril17crop.png Size: 20 KB


EDIT: I did not bite on the head-fake North.
  • #16,430
  • Apr 3, 2017 12:49am Apr 3, 2017 12:49am
Dax, 07-55 break. i said i wasnt going to trade it again but i did, lol. i got 10 % off break of low but it was more luck than anything else.
07-55 bar was very short range but i then it retraced then dropped again. i had a small loss but next trade dropped enough to recover +10%.
I will try still work on it but get back to A/U and cable.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,431
  • Apr 3, 2017 12:51am Apr 3, 2017 12:51am
Still going...

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4asBilly-Bar-Break04.00H4stillgoing3rdApril17crop.png Size: 19 KB
  • #16,432
  • Apr 3, 2017 12:51am Apr 3, 2017 12:51am
Quoting StudyFX
{quote} {quote}{quote} Thank you Lem and Billy for taking the time to answer some of my questions. I really appreciate it!
no problem bud, happy to help. Keep asking questions.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,433
  • Edited 1:19am Apr 3, 2017 12:56am | Edited 1:19am
cable, t 08-55. same with Cable, the 04-00 low broke before then retraced +10 has been made. so we can short again . range 25

edit, even though +10 hasnt been made at this time, it has still made +5.

edit, i worded above wrong,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,434
  • Apr 3, 2017 1:21am Apr 3, 2017 1:21am
t 09-21, i am away to my lady's to work lol. she is back at Uni today
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,435
  • Apr 3, 2017 2:08am Apr 3, 2017 2:08am
Quoting billytt
t 09-21, i am away to my lady's to work lol. she is back at Uni today
Have a good one, Billy. Don't work too hard, lol.
  • #16,436
  • Apr 3, 2017 2:19am Apr 3, 2017 2:19am
The Frankenbreak closes out nicely on both variants, though sure enough, that sell was a weak one - so weak it was actually a buy in disguise, lol. All easily managed though and that's the first part of the day done-and-dusted.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15FBfin3rdMarch17V1.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15FBfini3rdMarch17V2.png Size: 43 KB
  • #16,437
  • Apr 3, 2017 3:07am Apr 3, 2017 3:07am
AU made the 5 today but not the +10 be good to see what happens on the retrace, current h1 bar slowly creeping red. Lem, nice one on E/J that wick zone is a monster!
  • #16,438
  • Apr 3, 2017 3:10am Apr 3, 2017 3:10am
Quoting lemercenaire
The Frankenbreak closes out nicely on both variants, though sure enough, that sell was a weak one - so weak it was actually a buy in disguise, lol. All easily managed though and that's the first part of the day done-and-dusted. {image} {image}
what is the difference between the variants you use on the FB lem, isit time or how you play them
  • #16,439
  • Apr 3, 2017 3:12am Apr 3, 2017 3:12am
Quoting Piphunter00
AU made the 5 today but not the +10. Lem, nice one on E/J that wick zone is a monster!
If AU had pushed price up into the upper zone, I'd have been all over a short back out for sure. The large lower wick put me off taking a straight break.
  • #16,440
  • Apr 3, 2017 3:18am Apr 3, 2017 3:18am
Quoting lemercenaire
{quote} If AU had pushed price up into the upper zone, I'd have been all over a short back out for sure. The large lower wick put me off taking a straight break.
it does seem abit overextended given the long drop its been on, nice to see how you can still squeeze +5 out of it regardless though!
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