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Billytt Die happy trading e/j daily breakout

  • #16,961
  • Apr 21, 2017 4:05am Apr 21, 2017 4:05am
Quoting claudia1
{quote} Totally agree - yesterday was under around 130 pips at one point before it turned. On live account I wouldn't let that happen and would probably have taken a loss. What they don't understand on the thread is that to run 28 pairs with a 200 hard stop you need a serious account balance.
i'm still crunching numbers to fit this kind of rock and roll system .....
trying to make everyday the best risk/reward decisions possible
  • #16,962
  • Apr 21, 2017 4:10am Apr 21, 2017 4:10am
Quoting slowbrain
{quote} i'm still crunching numbers to fit this kind of rock and roll system .....
Problem with this sort of system is your deep under water from the start with spread.

Inserted Video
  • #16,963
  • Apr 21, 2017 4:17am Apr 21, 2017 4:17am
More down broke the 00 - well maybe. I'm selling it.
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  • #16,964
  • Apr 21, 2017 4:20am Apr 21, 2017 4:20am
Quoting claudia1
More down broke the 00 - well maybe. I'm selling it. {image}

ADR around 50%.
  • #16,965
  • Apr 21, 2017 4:25am Apr 21, 2017 4:25am
Quoting claudia1
{quote} lol you not wrong. Now go do some ironing.

lol, ironing is all done and my washing. i remembered iam expecting gas engineer to visit then i can go out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,966
  • Apr 21, 2017 4:26am Apr 21, 2017 4:26am
Quoting claudia1
{quote} ADR around 50%.
Should go down again this afternoon ....
trying to make everyday the best risk/reward decisions possible
  • #16,967
  • Apr 21, 2017 4:27am Apr 21, 2017 4:27am
Quoting billytt
{quote} lol, ironing is all done and my washing. i remembered iam expecting gas engineer to visit then i can go out.
Now that is odd too as I got washing on the go and waiting for a plumber !! And could do with cable to collapse.
  • #16,968
  • Apr 21, 2017 4:29am Apr 21, 2017 4:29am
@Billy - say hi to Kenny lurking down there he's new to fx and wants to learn. I invited down to the thread.
  • #16,969
  • Apr 21, 2017 4:30am Apr 21, 2017 4:30am
Quoting claudia1
{quote} Problem with this sort of system is your deep under water from the start with spread. https://www.youtube.com/watch?v=JGaBlygm0UY
That is the Stones best video they like..
In theory basket trades can work but to have so many trades running,less is more..
Like martingale, in theory it works, to make it work you use very small bets, so you hardly win and then have prospect to get wiped out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,970
  • Apr 21, 2017 4:31am Apr 21, 2017 4:31am
Hi Kennyxox, don't be shy. Ask questions and you will be answered.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,971
  • Apr 21, 2017 4:36am Apr 21, 2017 4:36am
Quoting billytt
{quote} That is the Stones best video they like.. In theory basket trades can work but to have so many trades running,less is more.. Like martingale, in theory it works, to make it work you use very small bets, so you hardly win and then have prospect to get wiped out.
This is very true.
But the value of the advisor is that it takes away the need to make a decision on whether or not to enter a trade. It takes the decision for you on preset criteria.
That's the interesting bit. How the trader manages the trade from then on is down to the individual and that of course is where the money is made and lost.
In some respects we are into hedging here.
  • #16,972
  • Apr 21, 2017 4:43am Apr 21, 2017 4:43am
Quoting billytt
{quote} That is the Stones best video they like.. In theory basket trades can work but to have so many trades running,less is more.. Like martingale, in theory it works, to make it work you use very small bets, so you hardly win and then have prospect to get wiped out.
I totally agree also .... the numbers dont work for long term ...... and i was just lucky ...
trying to make everyday the best risk/reward decisions possible
  • #16,973
  • Apr 21, 2017 4:43am Apr 21, 2017 4:43am
Quoting claudia1
{quote} This is very true. But the value of the advisor is that it takes away the need to make a decision on whether or not to enter a trade. It takes the decision for you on preset criteria. That's the interesting bit. How the trader manages the trade from then on is down to the individual and that of course is where the money is made and lost. In some respects we are into hedging here.
i agree totally, getting your entries automated is brilliant but it is the amount of trades which is worrying. i know you can basket pound/dollar. swiss franc but if you use big bank to basket you may as well play the counter game.Just saying lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,974
  • Apr 21, 2017 4:44am Apr 21, 2017 4:44am
Thanks billytt for the kind offering.

Thanks Claudia for inviting me to this forum.

I believe I will learn a lot from the team.

Firstly, I need to start reading the posts.
  • #16,975
  • Apr 21, 2017 4:48am Apr 21, 2017 4:48am
Quoting billytt
{quote} i agree totally, getting your entries automated is brilliant but it is the amount of trades which is worrying. i know you can basket pound/dollar. swiss franc but if you use big bank to basket you may as well play the counter game.Just saying lol
The amount of trades is controllable - I have it set to a maximum of 8 pairs at 1 lot per open. Running leverage at 200 this takes up around 50% of a 10k account. Imagine running all 28.
  • #16,976
  • Apr 21, 2017 5:05am Apr 21, 2017 5:05am
Quoting billytt
{quote} That is the Stones best video they like.. In theory basket trades can work but to have so many trades running,less is more.. Like martingale, in theory it works, to make it work you use very small bets, so you hardly win and then have prospect to get wiped out.
Not a Stones fan but like some of the the slower ones - Angie always a favourite.

Cable got some recent lows to break but all going to plan so far for a Friday.
  • #16,977
  • Apr 21, 2017 5:12am Apr 21, 2017 5:12am
Quoting kennyxox
Thanks billytt for the kind offering. Thanks Claudia for inviting me to this forum. I believe I will learn a lot from the team. Firstly, I need to start reading the posts.
Hi Kennyxox and welcome,
We actually have strayed from the original E/J Daily Break method, but ask questions.
Mainly with my method i trade off lines/breaks at specific times mainly after the UK open.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,978
  • Apr 21, 2017 5:14am Apr 21, 2017 5:14am
Quoting claudia1
{quote} The amount of trades is controllable - I have it set to a maximum of 8 pairs at 1 lot per open. Running leverage at 200 this takes up around 50% of a 10k account. Imagine running all 28.
yep, that is what i was getting at, less is more. Preferably for me 1 pair is enough. With your 8 pairs that is a good basket...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,979
  • Apr 21, 2017 5:16am Apr 21, 2017 5:16am
Quoting claudia1
{quote} Not a Stones fan but like some of the the slower ones - Angie always a favourite. Cable got some recent lows to break but all going to plan so far for a Friday.
i love Angie, i actually bumped into the Stones in the 100 Club many moons ago when i was on leave. I wasnt working but the band had gone in for a beer and chill out, and nobody badgered them lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,980
  • Apr 21, 2017 5:40am Apr 21, 2017 5:40am
Quoting claudia1
{quote} Totally agree - yesterday was under around 130 pips at one point before it turned. On live account I wouldn't let that happen and would probably have taken a loss. What they don't understand on the thread is that to run 28 pairs with a 200 hard stop you need a serious account balance.
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