So there you go, let's see. I placed a -10 Pips with a +20 Pips sell limit to have at least a positive risk reward planning on entering 1 trade a day as i am again absolute not sure risking that much for a potential 1 Pip or 1% when i then end up ...

Billytt Die happy trading e/j daily breakout

The BillyBar low just broke. The 07:45 bar before (Claudia) was good for about 3 Pips on the high break. So the +20 -10 Pips plan would have failed. Anyhow i am out again. Nothing to do for me here without a real plan. Have a good day all. image

Billytt Die happy trading e/j daily breakout

Morning, 07:11 in England, is it raining? Nothing happened yet? Price is moving inside the Tokyo range. Frankfurt opened a few minutes ago, London is about to open in 45 Minutes. Yesterday price broke out of the BillyBar high for ...

Billytt Die happy trading e/j daily breakout

Can anyone tell me why i am getting a different high price when i am looking on a MT4 M15 chart instead of M5? I already wondered because on M15 the yellow session box indictor (Tokyo) doesn't show price breakout out of the range while scaling down ...

Billytt Die happy trading e/j daily breakout

I found a video of a guy last night again after searching for more information on the london breakout approach and if/how it could be become profitable to me an. Now according to his quite extensive backtests it doesn't looks like a consistent ...

Billytt Die happy trading e/j daily breakout

The asian range today was quite large. I haven't done anything today (just looking) but going short at the end of the Tokyo session at 11:00 my chart time would have gotten me into trouble it seems as it now already retraced all the way up again to ...

Billytt Die happy trading e/j daily breakout

I had a quick look for today on GBP/USD. Price broke the high of the 07:45 M15. Going long there with a -10 Pips fixed stop loss would have failed again. What about using the complete Tokyo session (yellow box) as the breakout trigger instead of a ...

Billytt Die happy trading e/j daily breakout

Luckily it didn't go to penalties But yeah, England played well. Very deserved win. I haven't watched at any chart today. Without a plan (including the risk management) it will be only disaster for me. I am also not sure about trading DAX will ...

Billytt Die happy trading e/j daily breakout

Well it it isn’t as easy as it sounds in theory. Having a small target and the discipline to stop is the easy part.

Billytt Die happy trading e/j daily breakout

And another one. Buy stop above the two candles which were creating longer wicks to the bottom. This time it reached my 2R target but i also haven't trailed my stop on it. Almost reached to the +5% profit target now for 10 days period given but this ...

Billytt Die happy trading e/j daily breakout

Have fun Billy. I have placed this short entry but having followed no plan i consider it as a bad trade i should not have placed at all. This time it was profitable, next time i am placing a trade based on nothing than by gut feel, i get stopped out ...

Billytt Die happy trading e/j daily breakout

09:50 So the 07:45 bar broke to the long side and failed to deliver what i was looking for. The following BillyBar broke on the low, so going short for a +5 would have been profitable. The range on the BillyBar is about 30 Pips in distance. The ...

Billytt Die happy trading e/j daily breakout

You seem to have found a rather extreme non-conventional path for yourself. If you achieve your goals you have, by all means - go for it. I don't want to sound like a fool. It just looks somehow crazy to me risking these percentage numbers on a ...

Billytt Die happy trading e/j daily breakout

Well still you would risk -30 Pips by limiting your loss by entering on the break of a BillyBar like it is today, a 30 Pips range. At 1% a Pip that is risking 30%, so you risk losing 3k of that 10k YOU did put in the broker's account. So for sure ...

Billytt Die happy trading e/j daily breakout

So your 1% equals 1 Pip of price movement? How do you "lock" it? So price moves 2 Pips in your favor and then reverses, you automatically take profit of that +1 Pip or exit the order manually? If you risk 1% per Pip and place a stop loss or counter ...

Billytt Die happy trading e/j daily breakout

A test result for the 07:45-08:00 range break and using a fixed risk to reward of -10 Pips, +20 Pips trading 1.0 lots. Tested period: 2022.03.13 - 2022.07.28 (since summer time) So i am not sure but it doesn't looks like a profitable plan to me. Not ...

Billytt Die happy trading e/j daily breakout

image The GBP/USD 07:45 M15 candle broke and failed for the +10/+20. I am not sure about the 06:45 DAX Claudia. Still not looked at it. It seems to me, that no matter what kind of fixed risk/reward ratio you will apply and have a set and forget ...

Billytt Die happy trading e/j daily breakout

Hey Turnip! To me personally, the more important question would be at what risk? kind regards.

Billytt Die happy trading e/j daily breakout

Yes. I thought you’re only trading GBP/USD. Haven‘t yet looked at the DAX 06:45-07:00 range breakout. Do you use the same entry/exit criteria as with the 07:45-08:00 GBP/USD break, e.g -10/+20? Greed is an emotional phenomenon. It’s maybe a lot ...

Billytt Die happy trading e/j daily breakout

Both setups failed here. Claudia's 07:45-08:00 range broke for barely 5 Pips but then retraced up again. The following BillyBar broke the high for barely 3 Pips and then retraced down again. image

Billytt Die happy trading e/j daily breakout