Attachments: Billytt Die happy trading e/j daily breakout

Billytt Die happy trading e/j daily breakout

#17,681
May 22, 2017 2:29am May 22, 2017 2:29am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting slowbrain

Disliked

{quote} 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...

Ignored

Oh without a doubt. I do see your analogy and how we decide our risk-level every day as it is but I would never decide to risk a quarter of my bank. Ever.

However, I have no doubt that if there is a way to make it work, you guys will find it!

#17,682
May 22, 2017 2:38am May 22, 2017 2:38am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Having just espoused the theory of sanity over gambling - I have just run the Dax-Monster 07.55 variant - hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

!!!

The Dax is the definition of insanity, lol.

+5% in less time than it takes to type +5%.

Open 12659.5
Close 12665.0

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#17,683
May 22, 2017 2:43am May 22, 2017 2:43am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

As noted, I didn't get in on The FB but for the record, it would have taken a counter but you'd have come out good on the second move...

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#17,684
May 22, 2017 2:57am May 22, 2017 2:57am

claudia1
Joined Apr 2013 | Status: Trader | 10,297 Posts

Quoting slowbrain

Disliked

{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 ?

Ignored

Same settings - still trying to figure out a stop ...

#17,685
May 22, 2017 3:04am May 22, 2017 3:04am

slowbrain
| Joined Jul 2016 | Status: Trader | 940 Posts

Quoting claudia1

Disliked

{quote} Same settings - still trying to figure out a stop ...

Ignored

Close manually +101.2 pips max DD -66.8 pips

trying to make everyday the best risk/reward decisions possible

#17,686
May 22, 2017 3:15am May 22, 2017 3:15am

claudia1
Joined Apr 2013 | Status: Trader | 10,297 Posts

Quoting slowbrain

Disliked

{quote} Close manually +101.2 pips max DD -66.8 pips

Ignored

Mine hasn't opened lol.

Need to put it on a VPS obviously the ea wont work if the pc is asleep - get one from free with IG just never used it. Now is the time - should be fun.

#17,687
May 22, 2017 4:00am May 22, 2017 4:00am

slowbrain
| Joined Jul 2016 | Status: Trader | 940 Posts

Quoting claudia1

Disliked

{quote} Mine hasn't opened lol. Need to put it on a VPS obviously the ea wont work if the pc is asleep - get one from free with IG just never used it. Now is the time - should be fun.

Ignored

got mine running on a VPS in HK ... and i use Remote access software to change inputs .

trying to make everyday the best risk/reward decisions possible

#17,688
May 22, 2017 4:34am May 22, 2017 4:34am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

[quote=slowbrain;9895567]{quote} 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 % ....

Hi SB, i like your idea of a lottery bet . I say something similar when i refer to the Dax especially with the 07-55 colour break.bet

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#17,689
May 22, 2017 4:39am May 22, 2017 4:39am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

First day back to trading...
Cable 07-45 break, i got 7% after getting confused lol. (confused with the 04-00 break tp) so a good start.
Dax 07-55 colour trade was good ut i did not trade it.
I am done for the day but if home for 13-00 i may try the 12.45 Cable break.

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#17,690
May 22, 2017 7:43am May 22, 2017 7:43am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Easy choice for first day's DZ of the week.

EJ short. Done-and-dusted. You could have had it as a clean 1-2-3 as well, which helped in the decision-making process.

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#17,691
May 22, 2017 7:44am May 22, 2017 7:44am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Price trying to get back to the last Witching Hour zone?

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Another good reason to take this one.

#17,692
May 22, 2017 8:25am May 22, 2017 8:25am

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Cable 12-45 break was good, i wont say what i did, lol shhhhhh

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#17,693
May 22, 2017 8:27am May 22, 2017 8:27am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting billytt

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Cable 12-45 break was good, i wont say what i did, lol shhhhhh

Ignored

Lol - would Claudia approve?

#17,694
May 22, 2017 8:36am May 22, 2017 8:36am

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting claudia1

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{quote} Have a look at this guys trade explorer https://www.forexfactory.com/voelhok

Ignored

Take the counter trade!!

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#17,695
May 22, 2017 12:21pm May 22, 2017 12:21pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#17,696
May 22, 2017 4:23pm May 22, 2017 4:23pm

faatkumo
| Joined Mar 2017 | Status: Trader | 504 Posts

Quoting lemercenaire

Disliked

{quote} It did drag this morning for sure. I kept jumping back and forward between it, a new H4 variant doo-dah I'm working on and my Diff account before getting the +5 eventually as noted. For the record, v2 did hit its pt as well but v1 is still bumbling along doing not much of anything. It'd be in a counter and if I had been trading it, I would have been likely to have taken what I could and closed it out by now. As for The Dead Zone's World of Fun and Frolics - well there was actually a multitude of pretty solid options today. I went for UJ...

Ignored

I'm trying to find the essentials of this "Witching Hour" method.
Is there a reference post for this?

#17,697
May 22, 2017 4:42pm May 22, 2017 4:42pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting faatkumo

Disliked

{quote} I'm trying to find the essentials of this "Witching Hour" method. Is there a reference post for this?

Ignored

The Witching Hour is the late-night (for me) variant of my Dead Zone method. The WH zone is the range of the H1 candle at 23:00 uk time (the original one was over the 00:00 candle - hence the name - but through testing by wannalearn and myself, we discovered that if anything, 23:00 was even better. He traded them both lol).

The range of this candle extends out into the following day and can go till the Dead Zone kicks in or go all the way to the next cycle, letting you surf it all day. USDCAD is especially good for this technique and a couple of the guys have been doing this.

I post these methods here in Billytt's thread. The rules and techniques for The Witching Hour are the same as those for The Dead Zone, only the time is different. If you need details on The Dead Zone methodology, let me know.

#17,698
May 22, 2017 4:47pm May 22, 2017 4:47pm

faatkumo
| Joined Mar 2017 | Status: Trader | 504 Posts

Quoting lemercenaire

Disliked

{quote} The Witching Hour is the late-night (for me) variant of my Dead Zone method. The WH zone is the range of the H1 candle at 23:00 uk time (the original one was over the 00:00 candle - hence the name - but through testing by wannalearn and myself, we discovered that if anything, 23:00 was even better. He traded them both lol). The range of this candle extends out into the following day and can go till the Dead Zone kicks in or go all the way to the next cycle, letting you surf it all day. USDCAD is especially good for this technique and a couple...

Ignored

So it's practically the range of the 23:00 Bar, great i got that part.
What exactly is the entry? the break of that HI/LOW i'm assuming?
1-2-3 has more or less a general SL, and TP is standard from what i've read.
What is perhaps the SL in this style of trading? And typical TP?

#17,699
May 22, 2017 4:50pm May 22, 2017 4:50pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Right - I am planning on catching a movie for what is left of tonight, so a quick post of today's DZ charts. A reasonable amount of predictable movement to get the week started off nicely. My trade on EJ is detailed above.

EURJPY

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