Billytt Die happy trading e/j daily breakout | Page 893 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,841
  • May 29, 2017 3:54am May 29, 2017 3:54am
Demo'd the 7:45 cable today. My counter got spiked in by spread somehow lool then I took the high break after made 5 points then entered double size with 5 stop and compounded an extra 5 points from 2.5 pips

Can anyone explain this observation I've made. When I have two separate positions in the same direction my margin that ive put up increases but when I have a counter in my margin that ive used goes to zero?

Check the picture. I have my counter in and it makes no mention of margin used my equity and free margin match. But if I jus had one position on, it would show Margin - 50.00 for example. And if i was to add another trade in the situation on the pic it would only say I have 50 margin out up
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  • #17,842
  • May 29, 2017 7:56am May 29, 2017 7:56am
Draghi in a few mins should be fun. Bank hols in US and UK be wise to keep away. Sell orders in.
  • #17,843
  • May 29, 2017 8:37am May 29, 2017 8:37am
Quoting claudia1
Draghi in a few mins should be fun. Bank hols in US and UK be wise to keep away. Sell orders in.
Thanks Mario was an easy one.
  • #17,844
  • May 29, 2017 2:36pm May 29, 2017 2:36pm
Lem you quiet - maybe need music
Inserted Video
  • #17,845
  • May 29, 2017 3:42pm May 29, 2017 3:42pm
i am in early tonight, My lady is marking exam papers and i am looking at something.
I didn't trade today and it looks like i would of struggled with both Cable and Dax, but it would of been good for the stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,846
  • May 29, 2017 4:09pm May 29, 2017 4:09pm
Couldn't help but read over this holiday.
-Daily Break Strategy
-H4 Break Strategy
-H1 Deadzone Break Strategy
-H1 Witching Zone Strategy
Then there are variations of these where you enter from the WZ(wickzones/alienzones) crossing into the body....

A.)These are the strategies I've read up till now so far....
Which is most prevalent at this point in time? I've been reading posts that bounce back and forth from one another.

B.)And no clear answer on SL, so far I've read Counters are sometimes good.
But how to Open one and close both positions in profit?
Sorry forgive my ignorance!
  • #17,847
  • May 29, 2017 4:58pm May 29, 2017 4:58pm
Quoting faatkumo
Couldn't help but read over this holiday. -Daily Break Strategy -H4 Break Strategy -H1 Deadzone Break Strategy -H1 Witching Zone Strategy Then there are variations of these where you enter from the WZ(wickzones/alienzones) crossing into the body.... A.)These are the strategies I've read up till now so far.... Which is most prevalent at this point in time? I've been reading posts that bounce back and forth from one another. B.)And no clear answer on SL, so far I've read Counters are sometimes good. But how to Open one and close both positions in...
Hello Faatkumo and welcome,, i personally do not use a stop loss as such as i prefer to counter.
A bad trade is held in limbo until the next trade. I can only speak of Daily break and 04-00 break.
You need a decent method and need to look at it with stats.
I normally look for 5% per trade but many times i get more than this.
This extra helps to offset loss plus we compound too.
We need 5% per trade day after any loss.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,848
  • May 29, 2017 5:47pm May 29, 2017 5:47pm
Quoting faatkumo
Couldn't help but read over this holiday. -Daily Break Strategy -H4 Break Strategy -H1 Deadzone Break Strategy -H1 Witching Zone Strategy Then there are variations of these where you enter from the WZ(wickzones/alienzones) crossing into the body.... A.)These are the strategies I've read up till now so far.... Which is most prevalent at this point in time? I've been reading posts that bounce back and forth from one another. B.)And no clear answer on SL, so far I've read Counters are sometimes good. But how to Open one and close both positions in...
Don't forget Frankenbreak and Claudia's pivots on cable..!
Also Mr T and his piccies
Onwards and upwards...
  • #17,849
  • May 29, 2017 5:50pm May 29, 2017 5:50pm
Quoting soccerfan
{quote} Don't forget Frankenbreak and Claudia's pivots on cable..! Also Mr T and his piccies
and wine bar, 07-55 colour break and 07-45 cable break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,850
  • May 29, 2017 6:21pm May 29, 2017 6:21pm
Quoting billytt
{quote} and wine bar, 07-55 colour break and 07-45 cable break
Or just sell .... long day and a few hits on the way but worked out.
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  • #17,851
  • May 29, 2017 6:46pm May 29, 2017 6:46pm
Quoting billytt
{quote} Hello Faatkumo and welcome,, i personally do not use a stop loss as such as i prefer to counter. A bad trade is held in limbo until the next trade. I can only speak of Daily break and 04-00 break. You need a decent method and need to look at it with stats. I normally look for 5% per trade but many times i get more than this. This extra helps to offset loss plus we compound too. We need 5% per trade day after any loss.

Can you possibly give an example of a trade that went sour and you had to open a counter ? And when you would close it?
  • #17,852
  • Edited 7:40pm May 29, 2017 7:26pm | Edited 7:40pm
Quoting claudia1
{quote} Or just sell .... long day and a few hits on the way but worked out. {image}
Great trading, all those trades were taken with a move of 16 pips....1.2842 to 1.2826.......shows what can be done, when you know how...!!!
on a bank holiday too....Brill
Onwards and upwards...
  • #17,853
  • May 29, 2017 8:38pm May 29, 2017 8:38pm
Daily E/J break :

Monday +20
Tuesday +20
trying to make everyday the best risk/reward decisions possible
  • #17,854
  • May 30, 2017 2:01am May 30, 2017 2:01am
Quoting faatkumo
{quote} Can you possibly give an example of a trade that went sour and you had to open a counter ? And when you would close it?
I cannot give out a precise explanation as it would involve a third party who have an interest.
BUT first, have a method with a high strike rate.
If it fails counter. This counter will carry until next trade.
Repeat. I personally look for 5% but my stats are based on 9%, the extra %%% are used to carry any losses.
You do not have to counter, you need to feel at ease trading this way and have the bank roll to use it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,855
  • May 30, 2017 2:07am May 30, 2017 2:07am
Quoting faatkumo
{quote} Can you possibly give an example of a trade that went sour and you had to open a counter ? And when you would close it?
Hi, This has just happened, i want 5% but actually got 8%, i have an extra 3% to offset a loss. Range was 21 normally it is a lot less than this.
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[attach]cable 30th
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,856
  • May 30, 2017 2:16am May 30, 2017 2:16am
Quoting faatkumo
{quote} Can you possibly give an example of a trade that went sour and you had to open a counter ? And when you would close it?
Dax i never counter with this colour method on 5 min bar
Attached Image

It was a short which gained 19 %. it was short before the retrace .
I DIDN'T TRADE IT AS I WAS ACTUALLY TYPING MY FIRST REPLY TO YOU AT 08-00 LOL. Cable was already on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,857
  • May 30, 2017 2:27am May 30, 2017 2:27am
Quoting Piphunter00
Anyone have any experience using FXPro? Good leverage offering up to 1:500. Seem to have a solid reputation been around for a while
Used them a while ago but not now (no bad reason, just made a change). They were fine. Good customer service.
  • #17,858
  • May 30, 2017 2:34am May 30, 2017 2:34am
Cable, it just made +10 which means it did not fail.
Attached Image

i got 5% (8%) and then dropped. It might keep dropping or it might go back up.
It doesnt matter to me anymore as i am done for the day
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,859
  • May 30, 2017 2:37am May 30, 2017 2:37am
i was thinking what SB said several days ago, regarding a gamble/lottery type bet where you just have fun sticking some money onto a trade.
Using dax as the fun .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,860
  • May 30, 2017 2:45am May 30, 2017 2:45am
Quoting faatkumo
Couldn't help but read over this holiday. -Daily Break Strategy -H4 Break Strategy -H1 Deadzone Break Strategy -H1 Witching Zone Strategy Then there are variations of these where you enter from the WZ(wickzones/alienzones) crossing into the body.... A.)These are the strategies I've read up till now so far.... Which is most prevalent at this point in time? I've been reading posts that bounce back and forth from one another. B.)And no clear answer on SL, so far I've read Counters are sometimes good. But how to Open one and close both positions in...
Hi FK....I recommend you pick one method and ride with it for a couple of weeks live....u will learn heaps , good luck
Onwards and upwards...
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