I am plus 5.15% after 9 trades and 7 days on the Billy Bar. Can’t wait to see some fails dropping in, with my current 1 trade per day and 3:1 risk:reward tactic this will become fun

Billytt Die happy trading e/j daily breakout

Yes that’s what still worries me.

Billytt Die happy trading e/j daily breakout

That sounds good bro, I think most challenging part is not to become greedy and stick to the plan.

Billytt Die happy trading e/j daily breakout

Well I am just not sure yet how 1 trade a day on the BillyBar would work out in case of a fail or some more fails in a row. Then, the 3% risk compared to a 1% target would not work out. Today risk was even more and i actually broke my own rules not ...

Billytt Die happy trading e/j daily breakout

GBP/USD 08:00 +1% (7 Pips) image I am done. But 08:00 Range: 18 Pips ADR: 92 According to this i ask myself if i should have better stayed out? SL/Counter would have been the opposite trigger of the 08:00 bar, the high. Range was 18 Pips, so i ...

Billytt Die happy trading e/j daily breakout

I go with 1% = 5 Pips. My SL is set to the opposite trigger of M15 08:00 bar as soon as one trade is opened. I don’t have much stats right now but i would allow a trade to go -15 Pips (3x times my TP) against me before locking in the loss. So far it ...

Billytt Die happy trading e/j daily breakout

Yes. Just don't understand the advantage of it over locking in a fixed loss instead at what ever your risk level is on a single trade. So far it seems to me it’s only psychological advantage maybe that you feel better with not having a fixed loss ...

Billytt Die happy trading e/j daily breakout

I am not sure yet how I could leave it run. How do you do it. Maybe a partial close, trailing stop? Lets say my original trade I take with 1 Lot runs towards my daily goal of +1% (7 Pips) then I would have to protect the 7 Pips (book in profit). ...

Billytt Die happy trading e/j daily breakout

Be careful with letting those trades run for more than +5.

Billytt Die happy trading e/j daily breakout

GU 08 +1% (7 Pips). Done for today :-) image

Billytt Die happy trading e/j daily breakout

It’s about 26% tax you pay in Germany on capital gains. If you’re trading with a broker outside of Germany, the broker most likely will no take care of taxes and you have to make your own report by the end of the year for win and loss. You don’t ...

Taxes in Germany

Thanks billy.

Billytt Die happy trading e/j daily breakout

How long would you leave the two pending orders for the 0800 bar opened in case non of them would be triggered because you have kind of a bigger range for the 0800 bar and price then consolidates for x more bars in between the 0800 bar without ...

Billytt Die happy trading e/j daily breakout

Thanks for your reply, will look at what has been written here about hedges. I am not sure what I did that you guys judge my self to be negative, where you don’t even know me. I am throughly positive. Asking some questions, not trusting anything ...

Billytt Die happy trading e/j daily breakout

Not sure what makes you think like that, but ok.

Billytt Die happy trading e/j daily breakout

I would really like to learn more about how Billy or anyone else here using a hedge is doing / managing it.

Billytt Die happy trading e/j daily breakout

I am doing fine. Trading only the first few minutes of London Open now for 5-10 Pips maximum, close everything down after that and wait for next day, that’s it. To much time wasted already with trying to get that perfect indicator strategy working ...

Trading Made Simple

Thats what i did mean, yes.

Trading Made Simple

Thanks a lot Dave for your kind help once again, have a nice weekend.

Trading Made Simple

There is no „real“ volume in forex because is a decentralized market. The Volume data and indicators based on volume is not reliable therefor I guess, at best you would get the volume from your own retail broker and I wouldn’t want to bet on that...

Trading Made Simple