Billytt Die happy trading e/j daily breakout | Page 892 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,821
  • May 27, 2017 5:57pm May 27, 2017 5:57pm
Celtic win again in the 92nd min - unbelievable and entirely predictable all at the same time.
  • #17,822
  • May 27, 2017 5:59pm May 27, 2017 5:59pm
Quoting lemercenaire
{quote} Mmmm...was there wine involved?
That might explain things !!
  • #17,823
  • May 27, 2017 6:06pm May 27, 2017 6:06pm
Quoting lemercenaire
{quote} My listening selection for the evening: https://www.youtube.com/watch?v=BTxBEUHPq4Y
Inserted Video
  • #17,824
  • May 27, 2017 7:29pm May 27, 2017 7:29pm
Quoting claudia1
{quote} https://www.youtube.com/watch?v=T1Ond-OwgU8
I think you've been plundering my brother's record collection!
  • #17,825
  • May 27, 2017 7:30pm May 27, 2017 7:30pm
[quote=billytt;9916336]
Quoting slowbrain
{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.
In fact I'm also looking at a variant solution : still the same as explain , but opening a counter trade at -20 and if price return to his original direction I will add again at trigger.
Any advice ? open a counter trade at - X pips is it something to consider ?
trying to make everyday the best risk/reward decisions possible
  • #17,826
  • May 27, 2017 9:16pm May 27, 2017 9:16pm
Quoting lemercenaire
{quote} What gets me is the guy in the background who seems oblivious to the fact that these two characters are in his office, lol!
diggin these tunes.
  • #17,827
  • May 28, 2017 3:39am May 28, 2017 3:39am
[quote=slowbrain;9916896]
Quoting billytt
{quote} In fact I'm also looking at a variant solution : still the same as explain , but opening a counter trade at -20 and if price return to his original direction I will add again at trigger. Any advice ? open a counter trade at - X pips is it something to consider ?
How have things been implementing a SL slowbrain?? I've been busy with education lately have had zero time for trading but one thing that had me worried with counters is margin needed to put up so many counters when things get ugly. I'm with darwinex and from what I can remember a 0.1 lot is £50 Margin I believe I could be wrong but in terms of percent pips like billy uses, per pip that isn't even 1% of a £100 bank roll but 50% needed for margin. Need to get back to the game! Been learning some Python lately in my studies and have been thinking about a way to compile some sort of program that can collect statistics for these break methods on the fly but it's hard to do it based off the pure numbers in historical data because things like whipsaws etc can't be taken into account (at least I can't think of a way to do so) maybe a simple backtester that runs through the data in motion so major whips etc show up as losses who knows!!! Anyone got any ideas gime a shout.

Long time all, keep pipping
  • #17,828
  • May 28, 2017 6:12am May 28, 2017 6:12am
Quoting lemercenaire
{quote} I think you've been plundering my brother's record collection!
Then he has good taste! I love that era - it is before my time - but cool. My claim to fame is playing piano on stage with Little Richard as a teenager.
  • #17,829
  • May 28, 2017 6:33am May 28, 2017 6:33am
@SB - picked this template up from the other thread. Looks interesting.
Attached Image
  • #17,830
  • May 28, 2017 9:45am May 28, 2017 9:45am
[quote=Piphunter00;9917184][quote=slowbrain;9916896]{quote} How have things been implementing a SL slowbrain?? I've been busy with education lately have had zero time for trading but one thing that had me worried with counters is margin needed to put up so many counters when things get ugly

Hi Piphunter,,, First we need a good method with stats.
Good methods happen with volatility hence best time to trade is just after UK or USA open, we need the sudden big push.
By Good Method, i am speaking about breakouts.
Once you have stats on your side you can then counter a loss.
Whip isn't an issue as we are looking for the next trigger which could well be the following day.
With a counter we might be example -30, maybe another -30 ,It happens but we need the big bank roll to cover/
Several counters will begin to cancel each other, Once in a trade it works like a machine.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,831
  • May 28, 2017 10:08am May 28, 2017 10:08am
Quoting lemercenaire
{quote} Yep, pretty much. I'm just going to try and get the DZ set-ups posted up so I can get out for a bit but what I will do is try and post up an annotated chart with the basic moves / concepts for you over the weekend.
Patiently waiting
  • #17,832
  • May 28, 2017 10:22am May 28, 2017 10:22am
Quoting billytt
Quoting Piphunter00
Quoting slowbrain
{quote} How have things been implementing a SL slowbrain?? I've been busy with education lately have had zero time for trading but one thing that had me worried with counters is margin needed to put up so many counters when things get ugly Hi Piphunter,,, First we need a good method with stats. Good methods happen with volatility hence best time to trade is just after UK or USA open, we need the sudden big push. By Good Method, i am speaking about breakouts. Once you have stats on your side you
...
Sup bill long time. Only thing I'm struggling with before jumping in is margin now in terms of what bankroll needed to trade a certain lot size to be on the safe side. Before I got sidetracked from trading due to studies I had demo'd a few counter situations and saw the power lol my free margin and equity wouldn't budge no matter what happened in the market so all of that is in the bag I'm ready to counter. Now just need to figure out size of trade and roll I have £1700 to work with not much but I'm willing to trade it small and grow slowly

Would you recommend split it in two? And scale lot the size in proportion to one half and keep the other for when things get ugly
  • #17,833
  • May 28, 2017 1:15pm May 28, 2017 1:15pm
Guys I'm thinking of changing broker. I just realised that darwinex have severaly jacked up there margin requirements to a degree that just isn't feasible for me any recommendations?

This is second time this year I was with fxcm before darwinex and after their debacle I wasn't keeping my cash with them no way small pennies to some or not lol
  • #17,834
  • May 28, 2017 1:33pm May 28, 2017 1:33pm
Quoting Piphunter00
Guys I'm thinking of changing broker. I just realised that darwinex have severaly jacked up there margin requirements to a degree that just isn't feasible for me any recommendations? This is second time this year I was with fxcm before darwinex and after their debacle I wasn't keeping my cash with them no way small pennies to some or not lol
Most of them messed with margin at French election time. Darwinex is at 100 with G/U right now - I'm getting 200 with IG. Been with them 10 years + and no real problems. Pay out quick.
  • #17,835
  • May 28, 2017 1:36pm May 28, 2017 1:36pm
Quoting claudia1
{quote} Most of them messed with margin at French election time. Darwinex is at 100 with G/U right now - I'm getting 200 with IG. Been with them 10 years + and no real problems. Pay out quick.
Thank you Claudia I'll have a look
  • #17,836
  • May 28, 2017 5:27pm May 28, 2017 5:27pm
[quote=Piphunter00;9917609]{quote}{quote}{quote} Sup bill long time. Only thing I'm struggling with before jumping in is margin now in terms of what bankroll needed to trade a certain lot size to be on the safe side. Before I got sidetracked from trading due to studies I had demo'd a few counter situations and saw the power lol my free margin and equity wouldn't budge no matter what happened in the market so all of that is in the bag I'm re

Hi, with 1700 you will have to trade very small,
i would suggest compounding to build your bank roll
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,837
  • May 28, 2017 5:31pm May 28, 2017 5:31pm
Quoting claudia1
{quote} Then he has good taste! I love that era - it is before my time - but cool. My claim to fame is playing piano on stage with Little Richard as a teenager.
Wow....!! Those all time greats will alaways be legends, you rock n roller...!
Onwards and upwards...
  • #17,838
  • May 29, 2017 1:41am May 29, 2017 1:41am
[quote=billytt;9918102]
Quoting Piphunter00
{quote}{quote}{quote} Sup bill long time. Only thing I'm struggling with before jumping in is margin now in terms of what bankroll needed to trade a certain lot size to be on the safe side. Before I got sidetracked from trading due to studies I had demo'd a few counter situations and saw the power lol my free margin and equity wouldn't budge no matter what happened in the market so all of that is in the bag I'm re Hi, with 1700 you will have to trade very small, i would suggest compounding to build your bank roll
Yes I'm more than willing to trade small and compounding sounds fun lol. Though I'm still curious about that, never heard anyone mention if they aim to compound on each trade or if they are more selective with it and hit the trade hard when it feels right for whatever reason. In terms of percent pips what would you recommend? 0.1-0.5% per pip as opposed to 1%

Gna change broker too i can't be putting up 50 margin for a 0.1 lot that's bananas with my bankroll. Doesn't seem like darwinex are gna return the margin to reasonable levels either. Real shame they were a good broker for the most part
  • #17,839
  • Edited 2:17am May 29, 2017 1:48am | Edited 2:17am
Anyone have any experience using FXPro? Good leverage offering up to 1:500. Seem to have a solid reputation been around for a while
  • #17,840
  • May 29, 2017 3:34am May 29, 2017 3:34am
Quoting claudia1
@SB - picked this template up from the other thread. Looks interesting. {image}
Thanks claudia very useful ....
trying to make everyday the best risk/reward decisions possible
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