Billytt Die happy trading e/j daily breakout

Quoting billytt

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{quote} Compounding example AND i will use a stop for this explanation. Trade No1, with a 20 take profit and 20 stop 1 per pip trade. So 1 x 20(stop) =20 lot.. Hopefully we make 20 pips... So 20 (lot) + 20 (take profit) = 40..... NOW COMPOUND THE 40. Trade No2.. 40 divided by stop (20) = 2.. ... 2 per pip with 20 stop and 40 take profit. So 40 lot + 40 take profit = 80 .. Trade No3 80 divide by 20 (stop) = 4. 4 per pip with 20 stop and 20 take profit = 80. So 80 lot +80 take profit =160 3 compound trades and we make +140. If we had made 3 separate...

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Quoting bojack34

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{quote} There are more than one way to Counter your bad trade. Countering at the Mid Point is just one of the ways. (Lem's way) If you have a Range of 20 and you Counter your bad trade at the Mid Point which would be 10.....now when your bad trade has reversed 100% of the range and reaches your opposite side trigger.....you would have lost -10 pips on your original trade and made +10 pips on your second trade. This puts you at EVEN. There is NO NEED to double your lot size at this point. As Billy has stated before and has a lot of stats to...

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Quoting bojack34

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{quote} do you actually use the TP 20 and SL 20 approach when using the 3 trade compounding method? Or was this ONLY an example and you used a SL just so people would understand better?

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Quoting lemercenaire

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A rockin' start to the day. Frankenbreak needs a bit of explanation. I didn't play it straight (which if I had, would have failed North and then been countered to the South into profit), as using S+D showed that the likelihood was the move to be on was always going to be the short one. As a result, I waited for the flight South. {image} {image} From there, it was on to the DAX-Monster 06:00 - 08:00. Never in any doubt. Banged in the +5% and then some. Lovin' it... {image}

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Quoting Piphunter00

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{quote} small error here. you would only be even if you closed the first trade when the mid got hit. remember if the first trade is still there its going to be -20 when it hits the other end and your mid trade will be +10, so not even youll just be at half loss.

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Quoting bojack34

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Here's what I have going on right now......Trigger broke and immediately reversed slightly. I made sure to set up all of my counters early just incase price moves quickly. I have my first Counter trigger set at my Mid Point since my Range is greater than 20 (my personal rule)...so at the Mid Point I have a Sell Stop in place..............When/If price moves all the way down to my opposite trigger I then have another SELL STOP order in place. This is also where my SL is set for my original trade. If this happens my original trade will be -24.8 pips....

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Quoting bojack34

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{quote} do you actually use the TP 20 and SL 20 approach when using the 3 trade compounding method? Or was this ONLY an example and you used a SL just so people would understand better?

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Quoting faatkumo

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{quote} how do you know there is a secret ingredient?

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Quoting turnip15

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{quote} F.F.S

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Quoting turnip15

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Anyway -the sun is shining so Mrs T. and I are off to the sea side. Curly whirly ice creams, lunch and maybe a few Gin and Tonics, Will spy on you all via mobile {image}

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Quoting soccerfan

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Someone mentioned GMT...a friend painted this a while ago....a view from Greenwich Park, Observatory etc {image}

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