Billytt Die happy trading e/j daily breakout | Page 937 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,721
  • Jun 13, 2017 9:56am Jun 13, 2017 9:56am
Quoting Piphunter00
{quote} right idea, although i wouldnt do it without stats backing your decision. have you taken down the last 50 trading days of stats on your pair of choice?
Yeah stick with 04-00 and AU....STATS!
  • #18,722
  • Jun 13, 2017 9:58am Jun 13, 2017 9:58am
Just grasping the concept....

This seems too good to be true, how does one lose with this method according to my idea i drew out?
  • #18,723
  • Jun 13, 2017 10:06am Jun 13, 2017 10:06am
Quoting faatkumo
Just grasping the concept.... This seems too good to be true, how does one lose with this method according to my idea i drew out?
Lool. Slow down my friend. Easy. WHIIIIIIIIIIIIIP.

Wen u do stats you'll see
  • #18,724
  • Jun 13, 2017 10:33am Jun 13, 2017 10:33am
Quoting Piphunter00
{quote} Lool. Slow down my friend. Easy. WHIIIIIIIIIIIIIP. Wen u do stats you'll see
speaking of stats and whip......my first thought of a stat i was going to start keeping was the average candle size and the biggest candle size of the candles during the London trading session (including the 4 hr overlap with NY). This I feel will give me an idea of what ranges are good to trade to get profit and which ranges are too small and are more prone to WHIPS. I'm not sure how hard this stat will be to keep track of and backtest but i'm going to look into it for sure.
  • #18,725
  • Jun 13, 2017 10:42am Jun 13, 2017 10:42am
Quoting bojack34
{quote} speaking of stats and whip......my first thought of a stat i was going to start keeping was the average candle size and the biggest candle size of the candles during the London trading session (including the 4 hr overlap with NY). This I feel will give me an idea of what ranges are good to trade to get profit and which ranges are too small and are more prone to WHIPS. I'm not sure how hard this stat will be to keep track of and backtest but i'm going to look into it for sure.
Refer a couple pages back. Me and bill both stated that 'averages' of anything are useless. Your thinking on the right path tho. And it will be as easy as firing up excel or getting a pen and pad my friend
  • #18,726
  • Jun 13, 2017 10:57am Jun 13, 2017 10:57am
Quoting faatkumo
Just grasping the concept.... This seems too good to be true, how does one lose with this method according to my idea i drew out?
You will have losers. There is no holy grail. Get your head right first and put in the hours (10000 min)
'kinell
Test going forward - demo-keep stats - it takes time -demo - stats -reading about it, without practice is futile.
every Saint has a past. Every Sinner has a Future
  • #18,727
  • Jun 13, 2017 11:09am Jun 13, 2017 11:09am
Quoting Piphunter00
{quote} Lool. Slow down my friend. Easy. WHIIIIIIIIIIIIIP. Wen u do stats you'll see

LOL
i am slowing especially now...
can you illustrate a "whip"
  • #18,728
  • Jun 13, 2017 11:19am Jun 13, 2017 11:19am
I notice that on the 04-00 bar that price almost always returns to our trigger once it has been broken. Very seldom does it seem that price breaks our Trigger and just RUN......I could see where the Retrace Trade could be very profitable.
  • #18,729
  • Jun 13, 2017 11:27am Jun 13, 2017 11:27am
Quoting faatkumo
{quote} LOL i am slowing especially now... can you illustrate a "whip"
Whip meaning it will hit the other end after the first break and immediately whip right back again faster than a market maker can say bonjour

And if your caught double size when that happens. Kiss butt bye bye
  • #18,730
  • Jun 13, 2017 11:29am Jun 13, 2017 11:29am
Quoting Piphunter00
{quote} Whip meaning it will hit the other end after the first break and immediately whip right back again faster than a market maker can say bonjour And if your caught double size when that happens. Kiss butt bye bye


Anyway to avoid or minimize this?

Are there pairs that actually rarely do this?
  • #18,731
  • Jun 13, 2017 11:36am Jun 13, 2017 11:36am
Quoting faatkumo
{quote} Anyway to avoid or minimize this? Are there pairs that actually rarely do this?
All pairs whip. All markets whip all across the board for all financial instruments. It's the nature of price behaviour in certain conditions. Forex jus happens to be the wild west.

I think you'll find that's what we are all here collaborating on ideas to find out. Billy laid some breadcrumbs in the forest for us because he's legally obligated to keep the loaf secret. And we are all here tryna Hansel and Gretel our way through it!
  • #18,732
  • Jun 13, 2017 11:45am Jun 13, 2017 11:45am
Quoting Piphunter00
{quote} Whip meaning it will hit the other end after the first break and immediately whip right back again faster than a market maker can say bonjour And if your caught double size when that happens. Kiss butt bye bye


I'm assuming stay away from Red Flagged news events to avoid WHIPS?
  • #18,733
  • Jun 13, 2017 11:47am Jun 13, 2017 11:47am
Quoting faatkumo
{quote} I'm assuming stay away from Red Flagged news events to avoid WHIPS?
That too
  • #18,734
  • Jun 13, 2017 1:04pm Jun 13, 2017 1:04pm
Quoting faatkumo
{quote} I'm assuming stay away from Red Flagged news events to avoid WHIPS?

any other ideas?

wheres billy tt when ya need him!?
  • #18,735
  • Jun 13, 2017 1:13pm Jun 13, 2017 1:13pm
Quoting faatkumo
{quote} any other ideas? wheres billy tt when ya need him!?
This is where the secret ingredient lies. In fixing the wronguns. This is what bill can't say too much about.
  • #18,736
  • Jun 13, 2017 1:15pm Jun 13, 2017 1:15pm
Quoting Piphunter00
{quote} This is where the secret ingredient lies. In fixing the wronguns. This is what bill can't say too much about.

how do you know there is a secret ingredient?


  • #18,737
  • Jun 13, 2017 1:17pm Jun 13, 2017 1:17pm
Quoting Piphunter00
{quote} This is where the secret ingredient lies. In fixing the wronguns. This is what bill can't say too much about.
Agreed! I think that within this thread there is plenty of information about WHICH pairs to trade and WHEN to trade them and HOW to trade them. Also plenty of information about HOW and WHERE to counter our bad trades. There's a winning strategy somewhere in this thread, it's our job to find those pieces and put them all together like a big puzzle.....btw I have "border" of my puzzle completed, now I need to fill in the middle!
  • #18,738
  • Jun 13, 2017 1:45pm Jun 13, 2017 1:45pm
Quoting Piphunter00
{quote} What I'm really wondering which I should have been more specific about is if he makes use of it even when the FB range is meager, 6-10 range.
No, you shouldn't.
  • #18,739
  • Jun 13, 2017 1:52pm Jun 13, 2017 1:52pm
Quoting Hpt
{quote} here is a better view whatS HAPPEND on this trade entry. you see the pricerange inside H4 WBR (wide range bar) and the break of the midline .. entry . after price ranged the whole NY session between High/open and mid line {image} tp is dashline S1 floorpivot Frankfurt
A little bit of Alien Tech going on there, Hpt Me likee, lol.

I noticed very early on, that the mid-line was an area where price twirled and wound around, before either continuing on or turning. This makes it equally great for adding into positions as it does for entering counters.

On the upper time-frames it is an under-used (by most) component.
  • #18,740
  • Jun 13, 2017 1:57pm Jun 13, 2017 1:57pm
Quoting Nelson35a
{quote} Hi Billy, Lemercenaire and all others here, this is my first post here. I've been reading my way through the thread and trying to get to grips with the various methods. I'm interested in trading the H1 pre US open candle strategy so will have a go at that first before attempting the other strategies. Lemercenaire is there any chance I could get the indicator you have on your charts showing the H1 OHLC lines, mid point line and grey area as I would find this very useful. I have searched the thread and paperclip and can't find reference to...
Hi Nelson and welcome to the thread.

I'm sorry but I can't share the main indicator. As for the S+D and pivots, the same is true for the pivots but the S+D is available here on FF.

All is not lost, however and I will drop you a pm with the info you need to get set up (where, when, how etc et al). I will try and get it to you tonight but if not, then tomorrow sometime at the latest.
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