Billytt Die happy trading e/j daily breakout | Page 917 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,321
  • Jun 7, 2017 2:58am Jun 7, 2017 2:58am
Quoting billytt
E/J Daily Break and 04-00 both beautiful drop, SB will be happy
I'm not looking at E/J 04:00 break .... but looking at my chart I believe I should .... thanks Billytt for the hint ..
wish you a wonderful day .... I'm excited one of my 4 sons is coming to HK for 15 days ....it will be fun
trying to make everyday the best risk/reward decisions possible
  • #18,322
  • Jun 7, 2017 2:59am Jun 7, 2017 2:59am
Quoting billytt
SB,,, the E/J LOW break of 04-00 bar would of taken you to the Daily Low trigger
Damned .... im not smart enough ..... I dream one day to be clever enough .....
trying to make everyday the best risk/reward decisions possible
  • #18,323
  • Jun 7, 2017 3:03am Jun 7, 2017 3:03am
t 09-02 hopefully let Cable go up more then i will short again,,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,324
  • Jun 7, 2017 3:04am Jun 7, 2017 3:04am
Quoting bojack34
What is the formula to get 1% per pip?
I can't speak for Billy or any of the other UK/Europe-based traders but if we are using spread-betting charts/platforms (as I do), then we can designate the target in cash-amount. So we work out what 5% of our account is and then that is our target cash figure we input on our broker.

I follow Billy's example of (non) money-management and back-up bank.
  • #18,325
  • Jun 7, 2017 3:04am Jun 7, 2017 3:04am
Quoting slowbrain
{quote} I'm not looking at E/J 04:00 break .... but looking at my chart I believe I should .... thanks Billytt for the hint .. wish you a wonderful day .... I'm excited one of my 4 sons is coming to HK for 15 days ....it will be fun
4 boys WOW,, well done
That is why i like the 04-00 break, we can look for 5 then look for extra as in hunt the daily...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,326
  • Jun 7, 2017 3:07am Jun 7, 2017 3:07am
Quoting slowbrain
{quote} Damned .... im not smart enough ..... I dream one day to be clever enough .....
It isn't to do with being smart, it is looking at lines... Einstein was no good at counting ,
My Lady cannot do simple percentages, add subtraction in her head , she has got Phd, masters, writes papers, lectures and has me lol.

edit, she is a uni lecturer in applied maths etc as if you didnt know,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,327
  • Jun 7, 2017 3:10am Jun 7, 2017 3:10am
t 09-09 Cable dropped 10 since my last post, i didn't short it as i was hoping it would go a bit higher lol AND was typing in here lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,328
  • Jun 7, 2017 3:14am Jun 7, 2017 3:14am
i am aware of any news etc, even though i may not speak of it, but no news planned
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,329
  • Jun 7, 2017 3:19am Jun 7, 2017 3:19am
Quoting lemercenaire
{quote} I can't speak for Billy or any of the other UK/Europe-based traders but if we are using spread-betting charts/platforms (as I do), then we can designate the target in cash-amount. So we work out what 5% of our account is and then that is our target cash figure we input on our broker. I follow Billy's example of (non) money-management and back-up bank.
If i had a smallish bank roll i would use small appropriate lot size then make it smaller.
and generally slightly compound the wins,, ie if you use 1 as a lot, next trade 1.20. it is irrelevant what the 1 is...
1 penny, 1 10p, 1 /$1 then etc.. We have time and it soon mounts up..

Think of a drop of water dripping from ceiling drip drip drip soon we have a big puddle
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,330
  • Jun 7, 2017 3:21am Jun 7, 2017 3:21am
t 09-21 cable dipped again, we are still in. IF we want
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,331
  • Edited 6:23am Jun 7, 2017 3:31am | Edited 6:23am
Quoting slowbrain
No trade yet on EJ daily break for 0.01 pips .... I use the day before High/ Low +/- spread .....as trigger
E/J daily break low is triggered .... lets see

....
trying to make everyday the best risk/reward decisions possible
  • #18,332
  • Jun 7, 2017 3:57am Jun 7, 2017 3:57am
Quoting billytt
Dax 07-55 colour trade ,{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
So Billy, do you run this as a continuation trade? 07:55 closes red, go short...closes green, go long?

It's weird, as I had looked at it as so many times the 07:55 closes one way, it immediately spikes the opposite way and you could pick up the +5%. It was going very well until it got to the point I was missing moves as the first spike was just too fast. The 08:00 candle may very often for sure have closed the same way as the 07:55 but that initial move was opposite.

Anyway, that's why I moved sideways into the 06:00-08:00 trade instead, so all good in the end, lol.
  • #18,333
  • Jun 7, 2017 3:57am Jun 7, 2017 3:57am
t 09-56 cable,,, now we can have fun with less risk
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,334
  • Jun 7, 2017 4:07am Jun 7, 2017 4:07am
Back with new Broad band :-)

Cable 4 am "Billy Break" -messed up with minus three. Should have spotted Lem type possible "wick zone" trade.
Wait for CAD "Dead Zone" now.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4H0957.jpg Size: 508 KB
every Saint has a past. Every Sinner has a Future
  • #18,335
  • Jun 7, 2017 4:13am Jun 7, 2017 4:13am
Quoting turnip15
Back with new Broad band :-) Cable 4 am "Billy Break" -messed up with minus three. Should have spotted Lem type possible "wick zone" trade. Wait for CAD "Dead Zone" now. {image}
Good price-action clue that the short WZ trade was on.
  • #18,336
  • Jun 7, 2017 4:14am Jun 7, 2017 4:14am
Quoting turnip15
Back with new Broad band :-) Cable 4 am "Billy Break" -messed up with minus three. Should have spotted Lem type possible "wick zone" trade. Wait for CAD "Dead Zone" now. {image}
Hi Mr T, the cable 04-00n break was good?
it made 5% then retraced, it can still fail because we didnt make the 10 for stats, but 5% in bag
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,337
  • Jun 7, 2017 4:18am Jun 7, 2017 4:18am
Quoting billytt
{quote} Hi Mr T, the cable 04-00n break was good? it made 5% then retraced, it can still fail because we didnt make the 10 for stats, but 5% in bag
Yes Billy -it was good but I was not paying attention and paid the price for failure
Attached Image
every Saint has a past. Every Sinner has a Future
  • #18,338
  • Jun 7, 2017 4:33am Jun 7, 2017 4:33am
Quoting turnip15
{quote} Yes Billy -it was good but I was not paying attention and paid the price for failure {image}
aha! school boy error, BUT it can be corrected
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,339
  • Jun 7, 2017 4:33am Jun 7, 2017 4:33am
Quoting lemercenaire
{quote} So Billy, do you run this as a continuation trade? 07:55 closes red, go short...closes green, go long? It's weird, as I had looked at it as so many times the 07:55 closes one way, it immediately spikes the opposite way and you could pick up the +5%. It was going very well until it got to the point I was missing moves as the first spike was just too fast. The 08:00 candle may very often for sure have closed the same way as the 07:55 but that initial move was opposite. Anyway, that's why I moved sideways into the 06:00-08:00 trade instead,...
This what you were referring to Lem ?
Attached Image (click to enlarge)
Click to Enlarge Name: Dax5m1032.jpg Size: 528 KB
every Saint has a past. Every Sinner has a Future
  • #18,340
  • Jun 7, 2017 4:37am Jun 7, 2017 4:37am
Quoting turnip15
{quote} This what you were referring to Lem ? {image}
Yes.

Today, the way I was looking at it would have failed, the continuation banked.
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