Would you chase for the daily range with the BillyBar if the ADR is at 68/74% already in case of fixing for a fail and making up for necessary missing points of 25-30?

Billytt Die happy trading e/j daily breakout

BillyBar, orders placed. NTBB already paid off Time 08:21 image

Billytt Die happy trading e/j daily breakout

Oh yes, well maybe then some zone/lines happening after the BillyBar? So in case of a fail i would have a second chance/option to make back such loss for break even before NY is closing. Actually i don't even want to look at the NY session and ...

Billytt Die happy trading e/j daily breakout

Thanks i will try to keep an eye open for it. Problem with the 00-04 seems to be for me that i might miss out these entries as i won't be available at my trading screen before 07:45 GMT. Normally when trading the BillyBar i then see the 00-04 range ...

Billytt Die happy trading e/j daily breakout

No, all good mate, I really appreciate all the help. So if i do understand correct here, that is trading the breakout of the range but having some extra confirmation instead of entering right at the touch of one end?

Billytt Die happy trading e/j daily breakout

Took another short trade (based on what i saw) SL -7. Currently +10, Moved SL to +5. image image Edit, I got stopped out for +5,5. Yes risked 7 Pips of the 9 i made with the BillBar with that one trade for the week. Good it worked out. I am ...

Billytt Die happy trading e/j daily breakout

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Billytt Die happy trading e/j daily breakout

Trade with a broker outside of the UK. Problem solved

Billytt Die happy trading e/j daily breakout

Hi all. The BillyBar today smiled on me So here is my summary for the last 5 days 19.04 - 23.04 Monday: -13 (kept in limbo) Tuesday: +5 Wednesday: +5 Thursday: +8 (actually +5) Friday: +4 (actually +5) Strike Rate: 80% (4/5) Pip Value: $30 (0.3%) ...

Billytt Die happy trading e/j daily breakout

Me too. To your questions. Doing okay so far with the +5 daily goal. But thats not trading for a living yet. I do not make the 5% every day or even close to it. But happy if I can at least end on a Friday with anything better than a -30% which i ...

Billytt Die happy trading e/j daily breakout

I believe the point is that you DO NOT take a loss of -30 or even -15. You counter/hedge the fail at the same size you entered original and hold it in limbo. Then you make that position turn into break even (0) at a later stage with the next valid ...

Billytt Die happy trading e/j daily breakout

Thanks Fagin, yes. See my earlier post, i am not sure yet with increasing trade size. Obviously you can´t forceast what the next trade will bring. So every time i increase size it also can work the other way around. Nothing to worry, but just to ...

Billytt Die happy trading e/j daily breakout

Definitely good advice. I think Risk/Reward is out the window anyways with this kind of method. You have a range of lets say 30 Pips. You get a fail. You targeted +5. Your Risk was 6 times higher than your reward. This only works out having a high ...

Billytt Die happy trading e/j daily breakout

09:02 | My short was filled and i am already out again. Way to early, exited for +8,1 Pips after moving up the stop to +5 once it went through that but then didn´t had the confidence to stay in. A 3 Pips more already $90 more. It went +20 a moment ...

Billytt Die happy trading e/j daily breakout

We are moving in a range of 27 Pips since yesterday late afternoon (16:30 GMT).

Billytt Die happy trading e/j daily breakout

Yes like said, the stats haven`t changed at all. I looked at it last 5 years (every single day). You don´t know before you take the trade if it starts to move ugly this day or not. If you trade the pure stats you enter every single trade high/low ...

Billytt Die happy trading e/j daily breakout

Morning. BillyBar. Doing it a bit different today. Range is only 6,6. Adjusted to 15. Orders placed. Waiting... image edit, 08:50. I got almost triggered short. The actual low trigger of the BillyBar broke but was only good for +4 so far. The high ...

Billytt Die happy trading e/j daily breakout

Thanks for your answer. I also prefer to have it planned before. Nifty is not provided by my broker. I have Dax and sometimes look at it, but thats all. No strategy for these. I would be happy with having one thing figured out and doing better, ...

Billytt Die happy trading e/j daily breakout

Finally GBP/USD is moving a bit. It almost hurt to watch ...

Billytt Die happy trading e/j daily breakout

Don't you have to decide what of the 3 different steps you describe to do before the event? I mean, what is your criteria/reason for either increasing size on the counter, adding another position of same size to hunt part of the daily range, or hold ...

Billytt Die happy trading e/j daily breakout