Billytt Die happy trading e/j daily breakout | Page 951 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,001
  • Jun 19, 2017 6:47pm Jun 19, 2017 6:47pm
Quoting bojack34
Is it better to scalp after price crosses our trigger, on the way back towards the trigger ( to pick up extra %% )......OR......Is it better to compound on the opposite side trigger when going for you +5 and +20 or DR ( t pick up extra %% ) ?? I also am still not sure how profitable you think it is to enter a second trade going the original direction after it has already failed and retraced into our range a little bit. Basically entering a 2nd trade in original direction at a better price.
i do not quite understand that,
1...we trade a trigger if it retraces before the +10 we can enter a second trade in same direction, we can do this as many times as it retraces and this is good to compound. Once the +10 is made (or fail) we stop.
2,,, if we have a fail we trade the opposite end looking for +20 or daily range.
3,,, 2 nd trade can fail and actually we should then take the loss or counter...BUT we can have the opportunity to look for daily range again
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,002
  • Jun 19, 2017 6:58pm Jun 19, 2017 6:58pm
Quoting billytt
{quote} i do not quite understand that, 1...we trade a trigger if it retraces before the +10 we can enter a second trade in same direction, we can do this as many times as it retraces and this is good to compound. Once the +10 is made (or fail) we stop. 2,,, if we have a fail we trade the opposite end looking for +20 or daily range. 3,,, 2 nd trade can fail and actually we should then take the loss or counter...BUT we can have the opportunity to look for daily range again
so your saying .......We Long, it goes up +8......do we then trade the retrace "back down to the trigger"........OR.......do we wait for price to return to our trigger ( or close to) and the enter another trade in our original direction going for the +10 again.........and just keep doing this until we reach our % or it fails totally.

What I was asking in the previous post is it better to wait for our fail trade to go down, let's say 10 pips into our 30 pip range (random number).......at that point we enter another trade going the original direction......this is giving us a better price ( an extra 10 pips ) if price happens to go back our original direction.............is it better to do that or to try to get extra %% on the opposite side trigger by compounding our trades.
  • #19,003
  • Jun 19, 2017 7:07pm Jun 19, 2017 7:07pm
Quoting bojack34
{quote} so your saying .......We Long, it goes up +8......do we then trade the retrace "back down to the trigger"........OR.......do we wait for price to return to our trigger ( or close to) and the enter another trade in our original direction going for the +10 again.........and just keep doing this until we reach our % or it fails totally. What I was asking in the previous post is it better to wait for our fail trade to go down, let's say 10 pips into our 30 pip range (random number).......at that point we enter another trade going the original...
trigger we enter, if it retraces we can add a second trade , but the retrace has to go past the trigger. We only have one retrace running at a time
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,004
  • Jun 19, 2017 7:08pm Jun 19, 2017 7:08pm
Quoting bojack34
{quote} so your saying .......We Long, it goes up +8......do we then trade the retrace "back down to the trigger"........OR.......do we wait for price to return to our trigger ( or close to) and the enter another trade in our original direction going for the +10 again.........and just keep doing this until we reach our % or it fails totally. What I was asking in the previous post is it better to wait for our fail trade to go down, let's say 10 pips into our 30 pip range (random number).......at that point we enter another trade going the original...
no, we do retrace off a trigger which is still live not off a failed trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,005
  • Jun 19, 2017 10:33pm Jun 19, 2017 10:33pm
Quoting Piphunter00
{quote} The john wayne of trading! Take 10 steps and shoot. What %% per pip u trading SF? Lower than 0.5%?
I trade A LOT smaller than 0.5%. You can still get decent returns. I'm just not as experienced as the other guys to trade 1%.
  • #19,006
  • Jun 20, 2017 1:09am Jun 20, 2017 1:09am
Quoting StudyFX
{quote} I trade A LOT smaller than 0.5%. You can still get decent returns. I'm just not as experienced as the other guys to trade 1%.
ahhh no wonder! i thought you was packing on all them lots and trading around that % range. Not so cowboyish then! maybe i have to tone down my % per pip so i can smash lots on like no tomorow lol. ive been trading 0.5 so by the time i get to a second lot add-on im already like :| :| :| :| :|
  • #19,007
  • Jun 20, 2017 1:35am Jun 20, 2017 1:35am
Didn't know what was going on there - headed over to the Frankenbreak and faced with idiot-spreads. A quick check of the calendar shows Carney is speaking early in this morning's session. Whatever the cause - it means no FB for me today.
  • #19,008
  • Edited 2:02am Jun 20, 2017 1:39am | Edited 2:02am
Quoting lemercenaire
Didn't know what was going on there - headed over to the Frankenbreak and faced with idiot-spreads. A quick check of the calendar shows Carney is speaking early in this morning's session. Whatever the cause - it means no FB for me today.
looool no wonder ive been given the runaround on this trade.

wasnt around for the first low break, so i thought the high would be good money, taken the high, failed. now im in a counter with an extra lot tryna bag +5 that way.

oh the joys. i have been seriously battered since i started this test account lol. i dno what to do, i feel like im jus making pennies and then getting taken for pounds every other day!

weird about the spreads though lem, mines been a constant .4

edit: something told me it was going to slow down and retrace abit, so i took my next lot out. and then it reversed right back to entry

should of held once again LOL looks like e/g gona go for modest daily range
  • #19,009
  • Jun 20, 2017 2:04am Jun 20, 2017 2:04am
trade well all, t 08-04. catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,010
  • Jun 20, 2017 2:15am Jun 20, 2017 2:15am
Quoting lemercenaire
Didn't know what was going on there - headed over to the Frankenbreak and faced with idiot-spreads. A quick check of the calendar shows Carney is speaking early in this morning's session. Whatever the cause - it means no FB for me today.
Quoting Piphunter00
{quote} weird about the spreads though lem, mines been a constant .4
Hmm... my spreads weren't that bad either. I got in the FB earlier and managed to hit TP just now.

 

  1. EURGBP FB +16.4 pips (-6.4-6.2*2+8.8*4)
    Shorted at FB low. Price reversed. Closed the short at FB high and added 2 buys. Price reversed. Closed the buys and added 4 sells. Targeted 7.9 pips below FB low based on S+D. The bid price hit my target and reversed back up. I was like . But price eventually went down lol.

EURGBP M5

Attached Image (click to enlarge)
Click to Enlarge Name: 20170620032404.png Size: 17 KB
  • #19,011
  • Jun 20, 2017 2:18am Jun 20, 2017 2:18am
Not my morning.

DAX 06:00 - 08:00 has done nothing in the opening 15 mins except hang around inside the trigger-range. That range is pretty big and I'm thinking I'll leave it.

AU 04:00 is also trading back inside the range (is this too big today, Billy?).

Time for a brew, lol.
  • #19,012
  • Jun 20, 2017 2:27am Jun 20, 2017 2:27am
Quoting StudyFX
{quote} {quote} Hmm... my spreads weren't that bad either. I got in the FB earlier and managed to hit TP just now. EURGBP FB +16.4 pips (-6.4-6.2*2+8.8*4) Shorted at FB low. Price reversed. Closed the short at FB high and added 2 buys. Price reversed. Closed the buys and added 4 sells. Targeted 7.9 pips below FB low based on S+D. The bid price hit my target and reversed back up. I was like . But price eventually went down lol. EURGBP M5 {image}
your an inspiration SF.

think i may have to tone down the lot size, making me suffer from 'no balls' lool
  • #19,013
  • Jun 20, 2017 2:27am Jun 20, 2017 2:27am
Quoting StudyFX
{quote} I trade A LOT smaller than 0.5%. You can still get decent returns. I'm just not as experienced as the other guys to trade 1%.
we have a saying,,, Less is more,,, massive oaks grow from acorns,
You are doing well, that is what compounding /adding on is all about
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,014
  • Jun 20, 2017 2:32am Jun 20, 2017 2:32am
Quoting lemercenaire
Not my morning. DAX 06:00 - 08:00 has done nothing in the opening 15 mins except hang around inside the trigger-range. That range is pretty big and I'm thinking I'll leave it. AU 04:00 is also trading back inside the range (is this too big today, Billy?). Time for a brew, lol.
A/U range is 31 which is not too bad, but i don't like the look of it lol.
If it triggers it is a trade, depending on when/if this happens i may leave it..
The 08-00 bar might be a better option maybe going into us open
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,015
  • Jun 20, 2017 2:33am Jun 20, 2017 2:33am
yaaaaaaaaaaaay cable down she went
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,016
  • Jun 20, 2017 2:38am Jun 20, 2017 2:38am
t 08-35. was going to post.
The High triggered and +5 could of been made even though it failed, we also had a chance to do a retrace.
The low triggered for +20 and Daily Range Low. sweet just sweet
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,017
  • Jun 20, 2017 2:40am Jun 20, 2017 2:40am
My Dax 07-55 bar was a fail (i think) i have not actually looked at it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,018
  • Jun 20, 2017 3:34am Jun 20, 2017 3:34am
A/U 04-00 bar. the High broke then retraced, we could of made a retrace trade before it went up again.
+10 has not been made yet (if at all) t09-31.
I did not trade it as i had doubt, we also had a bit of news out too.
Normally i trade line and dont think ? lol.
Cable was a peach
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,019
  • Jun 20, 2017 3:47am Jun 20, 2017 3:47am
A/U +5 could of been taken even though it might fail
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,020
  • Jun 20, 2017 5:30am Jun 20, 2017 5:30am
Quoting StudyFX
{quote} I trade A LOT smaller than 0.5%. You can still get decent returns. I'm just not as experienced as the other guys to trade 1%.
was going to say, we probably trade lot size the same according to bank roll.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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