I was looking at the M15 when i posted that

Billytt Die happy trading e/j daily breakout

So it's ok to keep a trade in "limbo" over the weekend?

Billytt Die happy trading e/j daily breakout

WOW....looking at Cable I can see exactly what you mean about it being good for retrace trades. I has a nice 10 pip range that its bouncing back and forth from ........and totally back and forth...UP, DOWN, UP, DOWN, UP.....haa......almost seems too ...

Billytt Die happy trading e/j daily breakout

haha...nothing to do with your method......damn! I thought i might have been on to something. I thought that was one of your few options for a counter.

Billytt Die happy trading e/j daily breakout

when cable broke low and then reversed and broke the Upper Trigger.....did you enter 2 trades? or just 1? if 1 trade was it double lot size? I'm still debating which is better...........opening 2 trades at the opposite trigger for your ...

Billytt Die happy trading e/j daily breakout

Your a great guy Billy! Sounds like she is a very lucky lady! I have the happy wife and happy life, now I just need to learn to trade like you. Then I'll be like you but younger and better looking!

Billytt Die happy trading e/j daily breakout

Cable ADR Last 20 days is 106.8 and currently Cable range is sitting at 37.2....... I wonder what is going to happen next? Good Luck to those trading the 04-00 Cable!!!

Billytt Die happy trading e/j daily breakout

Only a 20 pip range for Cable today......of course it was going explode!

Billytt Die happy trading e/j daily breakout

As far as taking the +5..........I was thinking of just ALWAYS taking the +5 and then WAIT for the reversal and trade the Opposite Trigger and go for +5 more...maybe at x2 lot size...that would = +15 with LESS RISK.......and not reversal trade in ...

Billytt Die happy trading e/j daily breakout

I wish I would have used Cable today for the 04-00 break instead of AU.....Nice break on Cable! And I'm sure Claudia is a very happy camper!!!

Billytt Die happy trading e/j daily breakout

Gotcha....so if your FIRST Counter Trade doesn't reach your +20 then you just hold your trade in limbo until the "next day" 04-00 candle Tiggers?

Billytt Die happy trading e/j daily breakout

AU 04-00 i know we have no clue whats going to happen but i THINK price might break our LOW to around 75926 just shy of our +10 and then reverse. One because the Support at 75926, Two, because the gap created 02-30 will have been filled by then as ...

Billytt Die happy trading e/j daily breakout

@Billytt....I am re-reading the thread starting at Post #5848 (this is where you went to the 04-00 strategy) and I have ran across a couple of post where you mention using the 08-00 and/or the 12-00 candles as your "next" trigger if already in a ...

Billytt Die happy trading e/j daily breakout

Well.....I literally went to take a pee and came back to see this.....I missed out on about 5 pips, but that's OK! image I entered at 75609 and exited at 75751........almost 14 pips!

Billytt Die happy trading e/j daily breakout

Here's what I have going on right now......Trigger broke and immediately reversed slightly. I made sure to set up all of my counters early just incase price moves quickly. I have my first Counter trigger set at my Mid Point since my Range is greater ...

Billytt Die happy trading e/j daily breakout

I felt like AU was sitting at a level of Resistance and it was probably a better move just to wait for the retrace...BUT...I currently have a small LIVE account and I want the experience of a BAD trade how to counter and hold a trade in ...

Billytt Die happy trading e/j daily breakout

[quote=Piphunter00;9975658] small error here. you would only be even if you closed the first trade when the mid got hit. remember if the first trade is still there its going to be -20 when it hits the other end and your mid trade will be +10, so not ...

Billytt Die happy trading e/j daily breakout

do you actually use the TP 20 and SL 20 approach when using the 3 trade compounding method? Or was this ONLY an example and you used a SL just so people would understand better?

Billytt Die happy trading e/j daily breakout

please elaborate so that I too can know the correct way. Thanks SF

Billytt Die happy trading e/j daily breakout