Billytt Die happy trading e/j daily breakout | Page 899 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,961
  • Jun 1, 2017 3:17am Jun 1, 2017 3:17am
Quoting StudyFX
I hope everyone is having fun trading. I'll be back next week. No trading this week for me.
All good here. Off doing something interesting?
  • #17,962
  • Edited 3:39am Jun 1, 2017 3:29am | Edited 3:39am
7:45 cable was a bitch today no matter how you look at it lol. Sure billy would of made the trade good but down goes a loss on my test record!

Here's where the margin for counters concerns me a lil, to unwind the situation today you would have needed six orders! The first two on either end holding the initial counter, then double for the second break and another double on the other end should you get whipsawed on the double up. If the double position to make the first one right ends up failing too your in deep shit if you haven't got another bankroll sitting around for margin lol

The leverage darwinex is offering defo isn't feasible for this, I could only stay with this broker by taking losses and getting my margin back. And one thing that is a plus with them when it comes to this method is their spread is very good highest I've ever seen it while trading is 0.6 usually it's somewhere around 0.4, not too many brokers offering that good a spread especially for my account size, spread on fxpro is 2 pips for mt4 they only offer low spread on cTrader
  • #17,963
  • Jun 1, 2017 3:45am Jun 1, 2017 3:45am
lucky I don't have to work during the day eh.... 2 stoopid fails
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  • #17,964
  • Jun 1, 2017 3:51am Jun 1, 2017 3:51am
Quoting starpro
lucky I don't have to work during the day eh.... 2 stoopid fails {image}
Never mind, live and learn, keep posting
Onwards and upwards...
  • #17,965
  • Jun 1, 2017 4:06am Jun 1, 2017 4:06am
you doing anything or just starting?
  • #17,966
  • Jun 1, 2017 5:28am Jun 1, 2017 5:28am
Quoting lemercenaire
{quote} EAs and I don't get on (usually), just ask Claudia. However, I have a guy I worked on a thing with that turned out very, very, well a month or so ago and so I guess he owes me. I'll sound him out. 06:00-08:00 I stumbled across as I was scanning some old posts (I was asked when I started posting and was curious myself, as I didn't remember exactly). Post 10148 gives some Billy-stats (will blow your mind) and the additional info is around that area as well. It looks very, very, very, good. I've only used JFD on demo for their charts, sorry....
This be the post Lem ?
https://www.forexfactory.com/showthr...24601&page=508
Attached Image
every Saint has a past. Every Sinner has a Future
  • #17,967
  • Jun 1, 2017 5:41am Jun 1, 2017 5:41am
[quote=claudia1;9930046]
Quoting billytt
{quote} Didn't mean you Billy. I'm only posting like this as I'm getting asked to on ping a lot. I go quiet.
i know you didnt Claudia lol, iuknow you know what i do but i was telling the others yaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,968
  • Jun 1, 2017 5:50am Jun 1, 2017 5:50am
CABLE 07-45 BREAK did not go well so -20, both ends busted. This trade is for the UK open push. It happens..
SOOOOOOOOOOO next trigger,,, 04-00 break, The high broke which i was not interested in, it made +8 then retraced to break the low,
i went short looking for the Daily Range Low and have caught some %%, it retraced past the low again and i shorted again and again, I have gained my lost %%% back plus extra. I am currently in a short t 11-49. If it goes good i will close for the day, if not i will be countering until tomorrow to hold it in limbo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,969
  • Jun 1, 2017 5:54am Jun 1, 2017 5:54am
Dax, 07-55 colour trade. It was a short and made about 12, i did not trade it. It did a nice healthy retrace to break high and up she went.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,970
  • Jun 1, 2017 5:55am Jun 1, 2017 5:55am
t 11-54 i have just added another Cable short, see what happens,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,971
  • Jun 1, 2017 6:58am Jun 1, 2017 6:58am
Quoting lemercenaire
{quote} All good here. Off doing something interesting?
pray tell, what you adoing what is interesting? lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,972
  • Jun 1, 2017 7:34am Jun 1, 2017 7:34am
Took up Mr-T's mantle today on The Dead Zone, as UC just looked perfect all round...

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There was a good option in EJ as well but the set-up candle was the ''wrong'' way round, the move already having been made out of the supply zone. It would have been easy enough to take the trade in ''naked'' style anyway as there was a solid pp lurking below the DZ itself but I let it go.

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  • #17,973
  • Jun 1, 2017 7:48am Jun 1, 2017 7:48am
profitable day traded off 15 min tho
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  • #17,974
  • Jun 1, 2017 7:53am Jun 1, 2017 7:53am
Quoting Piphunter00
7:45 cable was a bitch today no matter how you look at it lol. Sure billy would of made the trade good but down goes a loss on my test record! Here's where the margin for counters concerns me a lil, to unwind the situation today you would have needed six orders! The first two on either end holding the initial counter, then double for the second break and another double on the other end should you get whipsawed on the double up. If the double position to make the first one right ends up failing too your in deep shit if you haven't got another bankroll...
When I was trialing the Frankfurt Break I would often get into situations like this - especially as I was using pairs other than the now stand-alone EG. I experimented with many possible scenarios and at the end of the day, the best option I found was to take the first counter if you have to and then if the ''new'' trigger comes take that. If it goes wrong, take the loss.

Occasionally of course, it would all work out and I think the highest I ever went to was a quad-hitter but over the piece, it doesn't pay off and will end up with major hair loss .

I never, ever, counter-a-counter now.
  • #17,975
  • Jun 1, 2017 7:55am Jun 1, 2017 7:55am
Quoting starpro
lucky I don't have to work during the day eh.... 2 stoopid fails {image}
Is this the EJ Daily Break you are running?
  • #17,976
  • Jun 1, 2017 7:57am Jun 1, 2017 7:57am
Quoting turnip15
{quote} This be the post Lem ? https://www.forexfactory.com/showthr...24601&page=508 {image}
Post # 10,147
Post # 10,148

That's where it started (I think), yes.
  • #17,977
  • Jun 1, 2017 7:58am Jun 1, 2017 7:58am
Cable went well, it dropped i closed...
I was going to say earlier, even though i was running at a 20 loss, i was able to use the other %%% i had made extra, even though i didnt need it.
i took about 12% extra today, it helps yaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,978
  • Jun 1, 2017 7:59am Jun 1, 2017 7:59am
No Lady today, so not sure what to do... Maybe go for a quick run along coast
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,979
  • Jun 1, 2017 8:00am Jun 1, 2017 8:00am
Quoting billytt
{quote} pray tell, what you adoing what is interesting? lol
You asking me, Billy?

I was asking SFX if the reason he wasn't trading this week had some interesting reason.
  • #17,980
  • Jun 1, 2017 8:31am Jun 1, 2017 8:31am
Quoting lemercenaire
{quote} When I was trialing the Frankfurt Break I would often get into situations like this - especially as I was using pairs other than the now stand-alone EG. I experimented with many possible scenarios and at the end of the day, the best option I found was to take the first counter if you have to and then if the ''new'' trigger comes take that. If it goes wrong, take the loss. Occasionally of course, it would all work out and I think the highest I ever went to was a quad-hitter but over the piece, it doesn't pay off and will end up with major...
This is the conclusion I've come to, cause it can happen even if it's a completely statistical outlier and will never happen again no point letting it ruin you. So with what you have said here Lem, when taking the second trigger do you double up the lot size or jus go with the same amount? And have a stop loss in for that position as opposed to another counter?

Seriously considering going live soon so trying to work out all kinks. Thanks again Lem
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