Billytt Die happy trading e/j daily breakout | Page 884 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,661
  • May 19, 2017 2:13pm May 19, 2017 2:13pm
Quoting turnip15
Hello peeps. Just a quick note to say I will not be posting much ,if at all, until my BT Infinity is set up early June. But I will be reading this thread now and again to collect any golden nuggets of educational stuff you guys let fall off the table
Hi, Mr-T. Drop me a line if there's anything in particular I can post up for you to have a look at while you twiddle your thumbs. It's no problem. Enjoy your down-time!
  • #17,662
  • May 19, 2017 2:15pm May 19, 2017 2:15pm
Attached Image


See y'all later!
  • #17,663
  • May 19, 2017 3:04pm May 19, 2017 3:04pm
Quoting lemercenaire
{quote} Well done. Great focus from you. Running the WH, I always try and remember to take a look at the next day's news, as the night before can reflect potential events. Today has red CAD. Also, where UC is concerned, always take a quick look at what OIL is doing / has done that day - and again, watch for OIL news the next day. As far as UC itself and The WH, if you add the S+D info, you can see that not only does OIL have downward pressure, UC has upward. There was room to move but not very much, so I'd have expected any move to be slow and potentially...
you spit gold! what a wonderful
  • #17,664
  • May 19, 2017 6:45pm May 19, 2017 6:45pm
Quoting starpro
SoccerFan f you're interested in Aussie time frame .. I do almost only AJ , happy to take 30ticks TP most times ....{image}[attach]aj ]mainly 15 min chart with Go Markets ..could take more but happy with "flattie tails"
Great chart and great pipping SP
Thanks Starpro, winter is almost here and i will have my days free, I want to catch as many pips ss poss,
Tokyo break, FF break and London too
Please exlain your style, thanks heaps..!
Onwards and upwards...
  • #17,665
  • May 19, 2017 6:57pm May 19, 2017 6:57pm
Hi all, here are some of last weeks EJ breakout at Tokyo open. :-)
Some movement has happened on thr Sydney open as NY closed..!
I will endeavour to mark the Sydney opening candle to bag the pips .
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Same one twice, sorry its on my fone
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Onwards and upwards...
  • #17,666
  • May 19, 2017 7:21pm May 19, 2017 7:21pm
pretty simple SF , box is drawn from last hr of yest wait for the break just check things like s/r ,long tails , etc etc , still trying after yrs at it to wait for the trades WITH trend , still prone to contra ..have yet to work out a stop loss that dosent cost me too much but protects my bank, I see many losses could be avoided IF I hadn't panicked and closed .....
  • #17,667
  • May 20, 2017 8:29am May 20, 2017 8:29am
Someone was asking,,,
i look for 5% Daily off one trade using my breakout method.

It does not matter if it is the 04-00 break, or now 07-45 break.

I will make 5% and sometimes due to retrace i can trade another trade until all options are used gaining more %%%..

As long as i gain 5% per day i do not care about any losses, as they are not actually losses.

a bit like a loss lead in a supermarket
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,668
  • May 20, 2017 8:49am May 20, 2017 8:49am
Quoting billytt
Someone was asking,,, i look for 5% Daily off one trade using my breakout method. It does not matter if it is the 04-00 break, or now 07-45 break. I will make 5% and sometimes due to retrace i can trade another trade until all options are used gaining more %%%.. As long as i gain 5% per day i do not care about any losses, as they are not actually losses. a bit like a loss lead in a supermarket
Yeah it was me, Billy. I wasn't sure if you did it by aiming for 5% pd no matter which method or went for 5% on every method run in the day. Thanks for clearing that up - makes a lot of sense the way you do it. Structured and disciplined.

I kind of do the same thing by aiming for my 5% on the first set up of the day (usually Frankenbreak but not always) and then using that as a profit cushion going through the day.

Good info, cheers!
  • #17,669
  • May 20, 2017 8:59am May 20, 2017 8:59am
Quoting lemercenaire
{quote} Yeah it was me, Billy. I wasn't sure if you did it by aiming for 5% pd no matter which method or went for 5% on every method run in the day. Thanks for clearing that up - makes a lot of sense the way you do it. Structured and disciplined. I kind of do the same thing by aiming for my 5% on the first set up of the day (usually Frankenbreak but not always) and then using that as a profit cushion going through the day. Good info, cheers!
Hi Lem , it was someone else lol but i am here to answer questions..

I use one method to make 5%.
If i make more %% within a trade using retrace , I will then bank and use the extra %%% to off set any future loss.
As long as i have 5% per day or 25% per week i dont care if i was example 50% up .
As i always say quote , WE WIN THE WAR BUT WILL SUSTAIN CASUALTIES.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,670
  • May 21, 2017 12:14pm May 21, 2017 12:14pm
Have a good week all - be an interesting opening with what Donald's been up to. Might as well pop in and Vlad !
  • #17,671
  • May 21, 2017 1:33pm May 21, 2017 1:33pm
@SB - some results for the ea 13 days. No s/l or t/p.
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  • #17,672
  • May 21, 2017 2:17pm May 21, 2017 2:17pm
Quoting claudia1
Have a good week all - be an interesting opening with what Donald's been up to. Might as well pop in and Vlad !
yes indeed, a nice big sale of arms to Saudi what more do we want over there lol.
i will be trading from tomorrow...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,673
  • May 21, 2017 2:29pm May 21, 2017 2:29pm
Quoting billytt
{quote} yes indeed, a nice big sale of arms to Saudi what more do we want over there lol. i will be trading from tomorrow...
Have a look at this guys trade explorer https://www.forexfactory.com/voelhok
  • #17,674
  • May 21, 2017 4:49pm May 21, 2017 4:49pm
Wow. Expecting to be selling soon after LO.
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  • #17,675
  • May 21, 2017 7:30pm May 21, 2017 7:30pm
Quoting claudia1
{quote} Have a look at this guys trade explorer https://www.forexfactory.com/voelhok
interesting, but i cannot get my head around trading baskets.
I am not knocking the idea but give me one pair and compounding and i'll beat any basket.
End of the day i want serious money if i do trade hard....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,676
  • May 21, 2017 7:41pm May 21, 2017 7:41pm
Quoting billytt
{quote} interesting, but i cannot get my head around trading baskets. I am not knocking the idea but give me one pair and compounding and i'll beat any basket. End of the day i want serious money if i do trade hard....
It is interesting and they doing a good job. Quite like it but ......
  • #17,677
  • May 21, 2017 9:22pm May 21, 2017 9:22pm
Quoting claudia1
@SB - some results for the ea 13 days. No s/l or t/p. {image}
Impressive results .. 24.85% Max DD .....
but if you look at it as a lottery ticket concept DD % is acceptable ... 1 basket = 1 lottery ticket ... but with high win % expectation ....

SB

Edit : I'm using T-F in my settings.... what about yours ?
trying to make everyday the best risk/reward decisions possible
  • #17,678
  • May 22, 2017 1:30am May 22, 2017 1:30am
Quoting slowbrain
{quote} Impressive results .. 24.85% Max DD ..... but if you look at it as a lottery ticket concept DD % is acceptable ... 1 basket = 1 lottery ticket ... but with high win % expectation .... SB Edit : I'm using T-F in my settings.... what about yours ?
Sorry - but I could never look at 25% DD as acceptable. Plus that figure will no doubt be increased at some point when an inevitable statistical outlier rears its head. Nah...Still to many ifs-buts-and-maybes. I'm with Billy on this one.
  • #17,679
  • May 22, 2017 1:34am May 22, 2017 1:34am
Late, late, night last night and missed all the early nothingness on The FB. Thinking I may give it a miss today anyway - and anything else around the Euro - as I see we have Eurogroup Meetings on all day (whatever that is, lol). Trump and his diplomacy should keep the Greenback jumpy all day, so that may be fun instead.

Have a good one, all.
  • #17,680
  • May 22, 2017 2:25am May 22, 2017 2:25am
Quoting lemercenaire
{quote} Sorry - but I could never look at 25% DD as acceptable. Plus that figure will no doubt be increased at some point when an inevitable statistical outlier rears its head. Nah...Still to many ifs-buts-and-maybes. I'm with Billy on this one.
Lem

it seems that you have a very final view about DD ... i admit that i'm not .... think about lottery ticket concept .... every day or every week you decide the size of your bet .. and your willing to loose it ... i'm still considering it because of the high win % ....
And i enjoy often to think outside the box and the normal wisdom when it comes to trading.... the reason is obvious everybody follow almost the same risk management concepts and the result is 95% are loosing ... and they almost follow the same literature about risk management ...

i'm still working on it

SB

Edit : i have only 1 losing trade in a month .... and this losing trade is because i use the normal wisdom of risk management on that day ...
trying to make everyday the best risk/reward decisions possible
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