Billytt Die happy trading e/j daily breakout | Page 916 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,301
  • Jun 6, 2017 5:49pm Jun 6, 2017 5:49pm
Quoting billytt
{quote}[/color] yes, we counter at the opposite end, in this cast the low..then look for 20 or daily range. The 20 and daily range all depend on how many points have already been made. We dont have to counter, but once a trade is closed we have lost that money.
OK thanks...i fully understand this for the 04-00.....NOW.........i know i read on this thread and have notes to use the ORIGINAL TRIGGER POINT (in this case our LONG) as our first COUNTER TRADE......I'm assuming that this rule is used for the DAILY Breakout Only since we're working with a Daily Candle. I would assume that we re-enter on the First Trigger (top) as our Counter because if we wait for entire range to be covered before we enter on the other side (bottom)....thats too far to travel..........so i'm assuming that is why we use the other trigger. Is this correct? .....boy I hope so..lol
  • #18,302
  • Jun 6, 2017 5:57pm Jun 6, 2017 5:57pm
Quoting bojack34
{quote} OK thanks...i fully understand this for the 04-00.....NOW.........i know i read on this thread and have notes to use the ORIGINAL TRIGGER POINT (in this case our LONG) as our first COUNTER TRADE......I'm assuming that this rule is used for the DAILY Breakout Only since we're working with a Daily Candle. I would assume that we re-enter on the First Trigger (top) as our Counter because if we wait for entire range to be covered before we enter on the other side (bottom)....thats too far to travel..........so i'm assuming that is why we use...
You cannot counter on the original trigger as it whips and you would be crucified,
On the daily break, if it triggers then retraces i would normally counter at - 30 even though my stats are based on fail at -20.
i personally would concentrate on 04-00, it is easier and with smaller range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,303
  • Jun 6, 2017 5:59pm Jun 6, 2017 5:59pm
Quoting billytt
{quote} You cannot counter on the original trigger as it whips and you would be crucified, On the daily break, if it triggers then retraces i would normally counter at - 30 even though my stats are based on fail at -20. i personally would concentrate on 04-00, it is easier and with smaller range.
Perfect! Thank you very much! I will NOT counter the Daily. I will maybe try to counter the 04-00 but NOT double my lot size on the Counter....i'll start with Same Lot Size as original trade. Your awesome Billy!!
  • #18,304
  • Jun 6, 2017 11:18pm Jun 6, 2017 11:18pm
What is the formula to get 1% per pip?
  • #18,305
  • Jun 6, 2017 11:45pm Jun 6, 2017 11:45pm
Quoting bojack34
What is the formula to get 1% per pip?
whats 1% of your trading account? you will have to find the lot size which is this amount per point.

although consider splitting up your bankroll or going down to 0.5%

i dont know for certain but i think everyone running that lot size has backup money. billy does for sure as he has confirmed this many times.

bank of william it is called. 1 client only.
  • #18,306
  • Jun 6, 2017 11:50pm Jun 6, 2017 11:50pm
t-minus 10 mins. 7:45 wooohooooooooo

wont be woohooing if i get clobbered though ha
  • #18,307
  • Jun 7, 2017 12:05am Jun 7, 2017 12:05am
clobbered it is lol -3.4% candle range was tiny i knew what i was getting myself into lol should of passed. ah well.
  • #18,308
  • Jun 7, 2017 12:06am Jun 7, 2017 12:06am
morning, t 08-04..
Cable 07-45, i have not traded. The range was very small .
Looking at the 07-30 bar it looks like it should drop BUT,,,, when in doubt stay out
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,309
  • Jun 7, 2017 12:07am Jun 7, 2017 12:07am
Dax 07-55 colour trade was am absolute peach as they say, Was green then drop ,NOT TRADED BY ME.
i will stick a chart in later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,310
  • Jun 7, 2017 12:10am Jun 7, 2017 12:10am
Quoting billytt
morning, t 08-04.. Cable 07-45, i have not traded. The range was very small . Looking at the 07-30 bar it looks like it should drop BUT,,,, when in doubt stay out
lol tell me about it.
  • #18,311
  • Jun 7, 2017 12:13am Jun 7, 2017 12:13am
Dax 07-55 colour trade
,
Attached Image


07-55 was a RED so short it, it made a quick 20. Saying this is easy after the event but an easy 5 etc , a fun bet
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,312
  • Jun 7, 2017 12:21am Jun 7, 2017 12:21am
Cable 07-45 had a very small range i didnt touch it BUT,,, i shall speak later
Attached Image (click to enlarge)
Click to Enlarge Name: gu 7 =B.PNG Size: 26 KB


The low broke then retrace up high broke then drop down etc, you cannot trade like this, Take the loss on this method.
BUT IF i had a example 10 stop on the trade i would still be in with a chance of getting points with original trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,313
  • Jun 7, 2017 12:23am Jun 7, 2017 12:23am
what i just posted, Short trade would of been good yaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,314
  • Jun 7, 2017 12:26am Jun 7, 2017 12:26am
I havent spoken of the 04-00 cable

edit t 08-26 the 04-00 low has broken and retraced up,,,How far? i am going to short it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,315
  • Jun 7, 2017 12:43am Jun 7, 2017 12:43am
Quoting claudia1
@sb - this week on ea. That's on demo. {image}
I need to admit : I give up for the EA ... not enough time .. but I keep it in my mind.

Claudia thanks for posting about it .... it give me some motivation
trying to make everyday the best risk/reward decisions possible
  • #18,316
  • Jun 7, 2017 12:46am Jun 7, 2017 12:46am
No trade yet on EJ daily break for 0.01 pips .... I use the day before High/ Low +/- spread .....as trigger
trying to make everyday the best risk/reward decisions possible
  • #18,317
  • Jun 7, 2017 12:47am Jun 7, 2017 12:47am
t 08-45 i wasnt sure how high that retrace was going but it stalled and i shorted, it dropped and it retraced up again for maybe another short???
i will only short it again if it goes higher than the original low trigger..

The short is still on because the +10 has not been made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,318
  • Jun 7, 2017 12:48am Jun 7, 2017 12:48am
Quoting slowbrain
No trade yet on EJ daily break for 0.01 pips .... I use the day before High/ Low +/- spread .....as trigger
thats it bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,319
  • Jun 7, 2017 12:51am Jun 7, 2017 12:51am
No Frankenbreak this morning again. Various reasons, none to do with trading. Life sure gets in the way, sometimes.

I did have the DAX 06.00-08.00 prepped but didn't trade it as I wasn't sure about the large(er) range - I don't have Billy-level stats, lol.

As it turned out, I needn't have worried, broke short and would have made the +5% no probs.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster 06.00-08.00 Break 7th June 17 - not traded due to range (2)_LI.jpg Size: 849 KB


No idea how today is going to pan out for me but have a good one everybody (watch out for those pesky margin-monkeys due to the election - brokers do like to have their fun!)
  • #18,320
  • Jun 7, 2017 12:55am Jun 7, 2017 12:55am
SB,,, the E/J LOW break of 04-00 bar would of taken you to the Daily Low trigger
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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