Billytt Die happy trading e/j daily breakout | Page 891 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,801
  • May 26, 2017 7:42pm May 26, 2017 7:42pm
Quoting soccerfan
{quote} Hi SB, good to see ur posts on daily EJ , Your TP seems to be 20, what is ur SL, ? Or counter price ? Some of the EJ candles get pretty big, last week went up to 125 on Fri !! My thought on SL at half way on candle would be wrong, i would appreciate your thoughts, ta
Someone told me your stop loss is the only thing you can control post entry in market (for the most part). 1:1 brings positive ratios to your trading so trading accuracy over 50% with set parameters should be in profit. My 2 cents, I am curious about SB's stops as well.
  • #17,802
  • May 26, 2017 9:45pm May 26, 2017 9:45pm
hi all, t 03-41 here.. I traded from my lady's Fri morning, hence the reason i didnt chat in here.
Dax 7-55 colour trade, High broke for 7% before it dropped (it did make a few more) . cable 07-45 break, same again High broke for 7%.
i cannot add more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,803
  • May 26, 2017 9:49pm May 26, 2017 9:49pm
Quoting soccerfan
{quote} Hi SB, good to see ur posts on daily EJ , Your TP seems to be 20, what is ur SL, ? Or counter price ? Some of the EJ candles get pretty big, last week went up to 125 on Fri !! My thought on SL at half way on candle would be wrong, i would appreciate your thoughts, ta
Soccerfan

my TP is 20 pips
About SL I used a fixed 38 pips SL , but by statistics if my SL is executed I open immediately a reverse position X2 the initial size with also TP 20 pips and 38 SL.in fact a SL is like a temporary loan to my broker
It happen 3 times already , and 3 times the reverse order delivered 20 pips.

I need to admit also that in order to reduce my risk exposure ,on my first entry, and this is also based on statistics , I scale in my entry into 2 parts: 1 entry at trigger with tp +10 , and my second entry(X2 the size of initial entry) at +10 pips from initial entry with TP +10 so like this in fact on 20 pips distance I'm making 30 pips. the advantage being that if I got a fail signal , the fail (the SL) in play is only on 1/3 of my total risk exposure.
its not how much ($$$) you win that is important to my eyes , but how much ($$$), you loose when you loose.

this is at today what fit the most my comfort zone , is it the best solution ...may be not . and this is part the reason I quit on the basket EA trading , I did not find yet the comfort zone but still working on it.

If I'm not clear , feel free to ask

We have here a beautiful sunshine for the week end ....

SB
trying to make everyday the best risk/reward decisions possible
  • #17,804
  • May 26, 2017 11:29pm May 26, 2017 11:29pm
Thanks SB for ur detailed answer, good to see u have a plan, hope your trades remain successful over long term,
I am still workibg out my plan, am getting good feedback from all.......The witching hour is my favorite at the mo.
### Have a great weekend
Onwards and upwards...
  • #17,805
  • May 27, 2017 2:21am May 27, 2017 2:21am
Quoting billytt
hi all, t 03-41 here.. I traded from my lady's Fri morning, hence the reason i didnt chat in here. Dax 7-55 colour trade, High broke for 7% before it dropped (it did make a few more) . cable 07-45 break, same again High broke for 7%. i cannot add more.
Billytt

I got good result as expected on E/J DB , and i'm now working on compounding the daily range.
Your thread is pure Gold ... a real gold mine
In fact its all about common sense , outside the common trading literature

Claudia

I notice something .... the day cable is up your are visiting the thread ... but when cable is going down ... you are not there ... am I on something ????
trying to make everyday the best risk/reward decisions possible
  • #17,806
  • May 27, 2017 4:13am May 27, 2017 4:13am
Quoting slowbrain
{quote} Billytt I got good result as expected on E/J DB , and i'm now working on compounding the daily range. Your thread is pure Gold ... a real gold mine In fact its all about common sense , outside the common trading literature Claudia I notice something .... the day cable is up your are visiting the thread ... but when cable is going down ... you are not there ... am I on something ????
Very observant !!!
  • #17,807
  • May 27, 2017 6:48am May 27, 2017 6:48am
[quote=slowbrain;9915751]{quote} Soccerfan my TP is 20 pips About SL I used a fixed 38 pips SL , but by statistics if my SL is executed I open immediately a reverse position X2 the initial size with also TP 20 pips and 38 SL.in fact a SL is like a temporary l

You have sound logic SB and you have your method in control.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,808
  • May 27, 2017 6:50am May 27, 2017 6:50am
Quoting slowbrain
{quote} Billytt I got good result as expected on E/J DB , and i'm now working on compounding the daily range. Your thread is pure Gold ... a real gold mine In fact its all about common sense , outside the common trading literature Claudia I notice something .... the day cable is up your are visiting the thread ... but when cable is going down ... you are not there ... am I on something ????
Compounding is the way forward especially looking for the Daily Break.
Looking for the Daily Break is also good after a loss. (one end fails the other nearly always is good)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,809
  • May 27, 2017 8:58am May 27, 2017 8:58am
Quoting soccerfan
{quote} Good work SB , how do you monitor the trade,? Do you set orders or sit and watch etc ?
50 on Chelsea - don't like either teams but they in form. http://www.bbc.co.uk/sport/live/football/38395757
  • #17,810
  • May 27, 2017 9:18am May 27, 2017 9:18am
@SF/Lem strange things happen now and again.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.png Size: 70 KB
  • #17,811
  • May 27, 2017 9:32am May 27, 2017 9:32am
Quoting claudia1
@SF/Lem strange things happen now and again. {image}
Wow, those trades were great, are you breaking even some trades ? I see some +2 exits
  • #17,812
  • May 27, 2017 9:36am May 27, 2017 9:36am
Quoting wannalearn12
{quote} Wow, those trades were great, are you breaking even some trades ? I see some +2 exits
I just sell - ask Lem lol. Breaking even yep.
  • #17,813
  • May 27, 2017 10:35am May 27, 2017 10:35am
Quoting claudia1
{quote} I just sell - ask Lem lol. Breaking even yep.
can you sneeze some of that magic onto me?!!? lol - hope you have a good weekend heres a song for you (and whoever else likes good music)
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  • #17,814
  • May 27, 2017 11:05am May 27, 2017 11:05am
Quoting wannalearn12
{quote} can you sneeze some of that magic onto me?!!? lol - hope you have a good weekend heres a song for you (and whoever else likes good music) https://www.youtube.com/watch?v=Y0d53KUlTN8
Thanks. There is no magic maybe a bit of luck along the way.
  • #17,815
  • May 27, 2017 4:38pm May 27, 2017 4:38pm
Quoting claudia1
{quote} 50 on Chelsea - don't like either teams but they in form. http://www.bbc.co.uk/sport/live/football/38395757
I am a secret Arsenal fan, 2nd to West Ham , like Wenger, so glad Arsenal won..great tradi g BTW
Onwards and upwards...
  • #17,816
  • May 27, 2017 5:21pm May 27, 2017 5:21pm
Quoting soccerfan
{quote} I am a secret Arsenal fan, 2nd to West Ham , like Wenger, so glad Arsenal won..great tradi g BTW
Must admit I like Wenger he's stood the the test of time. Must be longest serving premier manager ?

Hey thanks ..
  • #17,817
  • May 27, 2017 5:51pm May 27, 2017 5:51pm
Quoting claudia1
@SF/Lem strange things happen now and again. {image}
Mmmm...was there wine involved?
  • #17,818
  • May 27, 2017 5:53pm May 27, 2017 5:53pm
Quoting wannalearn12
{quote} can you sneeze some of that magic onto me?!!? lol - hope you have a good weekend heres a song for you (and whoever else likes good music) https://www.youtube.com/watch?v=Y0d53KUlTN8
My listening selection for the evening:

Inserted Video
  • #17,819
  • May 27, 2017 5:54pm May 27, 2017 5:54pm
Quoting slowbrain
{quote} Billytt I got good result as expected on E/J DB , and i'm now working on compounding the daily range. Your thread is pure Gold ... a real gold mine In fact its all about common sense , outside the common trading literature Claudia I notice something .... the day cable is up your are visiting the thread ... but when cable is going down ... you are not there ... am I on something ????
That's 'coz she's off carrying her money home from the bank!
  • #17,820
  • May 27, 2017 5:56pm May 27, 2017 5:56pm
Quoting soccerfan
Have a great long weekend everybody..thanks for a great thread {image}
What gets me is the guy in the background who seems oblivious to the fact that these two characters are in his office, lol!
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