Billytt Die happy trading e/j daily breakout | Page 927 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,521
  • Jun 9, 2017 7:10am Jun 9, 2017 7:10am
Quoting slowbrain
{quote} Billytt based on my personal stats since Jan 1 on EJ daily break retracement entries offer good opportunities to increase profit .... do you have the same conclusion ?
DEFINATELY,, get in early and have reduced loss if it happens and even gain more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,522
  • Jun 9, 2017 7:16am Jun 9, 2017 7:16am
Quoting slowbrain
{quote} Billytt based on my personal stats since Jan 1 on EJ daily break retracement entries offer good opportunities to increase profit .... do you have the same conclusion ?
i have stats going back at least 10 years, the point is the trigger just does not break then keeps going BUT RETRACES, this can be exploited.

edit,,,AND even better on 04-00 bar, that just cost you lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,523
  • Jun 9, 2017 7:37am Jun 9, 2017 7:37am
Quoting billytt
{quote} i have stats going back at least 10 years, the point is the trigger just does not break then keeps going BUT RETRACES, this can be exploited. edit,,,AND even better on 04-00 bar, that just cost you lol
can you elaborate on the bolded statement bill? dont quiet understand it, may be having stupid moment.
  • #18,524
  • Jun 9, 2017 7:40am Jun 9, 2017 7:40am
Quoting Piphunter00
{quote} can you elaborate on the bolded statement bill? dont quiet understand it, may be having stupid moment.
give me a few minutes and i will fire up trade Pc , actually i wont have to, see ya in a few mins
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,525
  • Jun 9, 2017 7:41am Jun 9, 2017 7:41am
Quoting billytt
{quote} give me a few minutes and i will fire up trade Pc , actually i wont have to, see ya in a few mins
thank you sir!
  • #18,526
  • Jun 9, 2017 8:05am Jun 9, 2017 8:05am
Quoting Piphunter00
{quote} can you elaborate on the bolded statement bill? dont quiet understand it, may be having stupid moment.

Attached Image

Cable from 6th June, 15 min so you can see.
H = High 12879,,, L = Low 12859,,, Range = 20. what happened after trigger (T) ???
trigger then retrace 1,,, kept going down 2,,, it then went back up breaking the original trigger line (not marked) then it dropped again 5,,,then dropped to 6,,, then went back up passing the trigger line then the +10, end of trade.
do i keep speaking???? can you see how many points/% you could of made even before the +5 and even if original trade had failed.
This is stealing money, BUT IT CAN FAIL, it has to for the stats

edit, i just removed top line as it did not make sense

edit, every bar numbered 1,2,3,4,5,6 could of been longed below the trigger line, obviously we dont know how far retrace will go
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,527
  • Jun 9, 2017 8:11am Jun 9, 2017 8:11am
start compounding off the retrace using several lots, or gradually add on to.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,528
  • Jun 9, 2017 8:11am Jun 9, 2017 8:11am
Quoting billytt
{quote} {image} Cable from 6th June, 15 min so you can see. H = High 12879,,, L = Low 12859,,, Range = 20. what happened after trigger (T) ??? trigger then retrace 1,,, kept going down 2,,, it then went back up breaking the original trigger line (not marked) then it dropped again 5,,,then dropped to 6,,, then went back up passing the trigger line then the +10, end of trade. do i keep speaking???? can you see how many points/% you could of made even before the +5 and even if original trade had failed. This is stealing money, BUT IT CAN FAIL, it has...
thanks but i was having stupid moment after seeing this. i thought u was talking about something before they break has happened yet lol my bad thank you very much
  • #18,529
  • Jun 9, 2017 8:15am Jun 9, 2017 8:15am
Quoting billytt
start compounding off the retrace using several lots, or gradually add on to.
with this do you mean jus doubling the position after the initial break. giving u an average price double ur size abit lower than the H/L. is this ballsy compounding lol? idea seems more daunting than slowly incrementing lots every trade & taking initial profit then doubling with stop (so take +5 then double and put a stop plus 5 so if that doesnt work out you only lose 5 even though it works out as 10)
  • #18,530
  • Jun 9, 2017 8:16am Jun 9, 2017 8:16am
for instance, i could of gone Long at 12870 example on bar 6, if it failed i would lose 11, iif i had gone long off trigger and it failed i would of lost 20. i would of saved 9..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,531
  • Jun 9, 2017 8:20am Jun 9, 2017 8:20am
Quoting Piphunter00
{quote} with this do you mean jus doubling the position after the initial break. giving u an average price double ur size abit lower than the H/L. is this ballsy compounding lol? idea seems more daunting than slowly incrementing lots every trade & taking initial profit then doubling with stop (so take +5 then double and put a stop plus 5 so if that doesnt work out you only lose 5 even though it works out as 10)
you can trade the trigger with good odds.
you can trade the retrace (if it happens) with even better odds of getting 5 +extra or even just one or two.
Do this a few times and you can compound, do it any way you want, add a percentage or double it.
it is a bit different these days for some as the margin has gone up
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,532
  • Jun 9, 2017 8:25am Jun 9, 2017 8:25am
Quoting billytt
{quote} you can trade the trigger with good odds. you can trade the retrace (if it happens) with even better odds of getting 5 +extra or even just one or two. Do this a few times and you can compound, do it any way you want, add a percentage or double it. it is a bit different these days for some as the margin has gone up
ah so wait till im ahead a bit and have foreign capital before initiating any compounding efforts?
  • #18,533
  • Jun 9, 2017 8:26am Jun 9, 2017 8:26am
retrace trades are easy to see after the event,
Refer to chart
you might see No1 and say erm lets enter £1 now and it then kept dropping No2, it might just fail but it didnt it went back up so you got 5.
it then dropped lets enter £1.20 it went back up for 5 so you now have £6 , it all adds up
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,534
  • Jun 9, 2017 8:27am Jun 9, 2017 8:27am
Quoting Piphunter00
{quote} ah so wait till im ahead a bit and have foreign capital before initiating any compounding efforts?
YES, dont use your own money

next week i will try and show trades as they happen may even stick a small live trade on, about 10k lol yeah right
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,535
  • Jun 9, 2017 8:28am Jun 9, 2017 8:28am
Quoting billytt
retrace trades are easy to see after the event, Refer to chart you might see No1 and say erm lets enter 1 now and it then kept dropping No2, it might just fail but it didnt it went back up so you got 5. it then dropped lets enter 1.20 it went back up for 5 so you now have 6 , it all adds up
very interesting post bill. i find it amazing how just from boxing up a candles high and low. so many setups and options of how to trade have been born out of it lol.
  • #18,536
  • Jun 9, 2017 8:35am Jun 9, 2017 8:35am
sometimes and it happens, you open up a chart and you see a good retrace happening, one that is tradeable and you go for it, that way you might get a trade like No6 in other post.
i actually did one of those a few weeks ago and told the room, i was about 2 points from a fail and it reversed lol, This is rare.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,537
  • Jun 9, 2017 8:36am Jun 9, 2017 8:36am
Quoting Piphunter00
{quote} very interesting post bill. i find it amazing how just from boxing up a candles high and low. so many setups and options of how to trade have been born out of it lol.
correct , that 04-00 bar is very very useful, others are ok but this is the nuts as they say
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,538
  • Jun 9, 2017 8:38am Jun 9, 2017 8:38am
i am away, girly has finished early and is upset after seeing her ex husband,
May have to visit my friend in london,shhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,539
  • Jun 9, 2017 8:43am Jun 9, 2017 8:43am
Quoting turnip15
{quote} Bojack - I am afraid you fall into the same category as Faatkumo (post 18479 above). Same advice -pick an instrument, study all that has been said about it on this thread-look at the different approaches and PICK ONE and test it. Like writing an essay, you have to examine published facts ( and there are lots facts/opinions here to wade through) and select what seems important to you. Or like a scientist - pick an approach eg: instrument, time, stops etc-and test it. At the moment some posters here are like frantic chickens -pecking at everything...
Turnip, your post will be nominated for POST OF THE YEAR!

https://www.forexfactory.com/showthr...18#post9962318
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,540
  • Jun 9, 2017 8:44am Jun 9, 2017 8:44am
Quoting billytt
i am away, girly has finished early and is upset after seeing her ex husband, May have to visit my friend in london,shhhhh
cant beat a good dose of london

healthy for the soul lol
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