long tight area of consolidation? I see at least 9 hours or so........that some old SSBO stuff

Billytt Die happy trading e/j daily breakout

unless you were looking at EJ for the WH....now I see that could have been a retrace trade

Billytt Die happy trading e/j daily breakout

lol i'm confused. that felt like a Yoda moment! I will just keep on grinding!

Billytt Die happy trading e/j daily breakout

price going to go down and bounce of the 00 line and the retrace?

Billytt Die happy trading e/j daily breakout

WOW .....so if i use your counter strategy I MUST start off with no more risk then .25 to .50% per 5 pips. I better up my starting bankroll to 5k then. I will be doing so next year. I have the rest of this year to perfect my craft!!!

Billytt Die happy trading e/j daily breakout

The reason I initially asked about the .5% to 1% per 5 pips is because from my past notes and reading the thread I know that you used to use those figures for your "minions".....because they had a smaller bankroll.

Billytt Die happy trading e/j daily breakout

.25% to .50% per 5 pips? is that ok?

Billytt Die happy trading e/j daily breakout

I know MM is all up to the individual but with me being new i still am unsure about some MM things.......so If I start with a account balance of.....let's say 2k...and i want to trade with counters...........should I be trying to get .5% to 1% per 5 ...

Billytt Die happy trading e/j daily breakout

I was thinking along the lines of how to trade the retraces back and forth like you do.......but i get the point....stick to the triggers/lines!!

Billytt Die happy trading e/j daily breakout

now looking back it looks like that 7558 area has been a nice level of resistance since 14-30 yesterday........price just continues to bounce from that area.........same with the 7546 area....been using that area as support.....maybe if price breaks ...

Billytt Die happy trading e/j daily breakout

Thanks Bill, since I am new to trading overall I am still trying to learn how price reacts to the DP and the SR. I have read a strategy on Cross Over and Close Over....its a line strategey i'm sure some on here have heard of. Either way....more ...

Billytt Die happy trading e/j daily breakout

So you wait for a Bar to CLOSE over the DP line first.....then trade it? If the bar doesn't CLOSE over the DP line, then leave it alone ???

Billytt Die happy trading e/j daily breakout

are you saying that on "average" price hits the DP it CONTINUES on? .....rather than touching the DP and reversing

Billytt Die happy trading e/j daily breakout

Looking at AU, you can see just how powerful the Daily Pivot is........Look at how BIG that Green Candle is that lead up to the Daily Pivot line........the DP stopped it like a Brick Wall......no problem at all.

Billytt Die happy trading e/j daily breakout

speaking of lines and stats.....04-00 break AU is about to hit the opposite side trigger......yay for stats!.......although it does have the Daily Pivot to contend with before it breaks.

Billytt Die happy trading e/j daily breakout

your leaving out one major point......... you must have ...... image

Billytt Die happy trading e/j daily breakout

would it be ok then to put in 2 trades immediately....first trade shoot for 1 pip at a bigger lot size and the second trade shoot for +5 at your normal lot size?

Billytt Die happy trading e/j daily breakout

Good Luck Pip I hope you get it!

Billytt Die happy trading e/j daily breakout

I might have to start off the 1 pip strategy on ranges no bigger than 15 or something........the Profit Target isn't the main importance....it's how much "stress" you can handle on the DD. I think with this strategy we should always start with ...

Billytt Die happy trading e/j daily breakout