There are more than one way to Counter your bad trade. Countering at the Mid Point is just one of the ways. (Lem's way) If you have a Range of 20 and you Counter your bad trade at the Mid Point which would be 10.....now when your bad trade has ...

Billytt Die happy trading e/j daily breakout

OMG! Prayers go out to those involved in that massive high rise fire in London. So sad!!

Billytt Die happy trading e/j daily breakout

Please make a LARGE coffee....i'm learning so much tonight!

Billytt Die happy trading e/j daily breakout

That is what I thought. I am in love with this strategy!! Everyday I cant wait for 1am to get here so I can trade the Billy Bar!! Thanks for everything Billy, you are a very generous man for taking your time to provide us with this invaluable ...

Billytt Die happy trading e/j daily breakout

this might sound silly but since i'm still new to trading this and so far i've only had winners .......i'm not sure how to even take a loss while using the counter method. That just sounds crazy! lol I don't know how to take a loss.....i had to ...

Billytt Die happy trading e/j daily breakout

yes...something sold cheap to attract people to come shop there

Billytt Die happy trading e/j daily breakout

Does this mean we still counter our compounding trades as well? If so then my last post (question) may be the wrong question. Now it seems as if you were implying that we double up our NEXT TRADE......everyday for 3 days in a row....just keep ...

Billytt Die happy trading e/j daily breakout

would that be compound after +5, compound after +10, compound after +15, compound after +20?? or are the increments totally subjective?

Billytt Die happy trading e/j daily breakout

Instant classic post. Going straight into the notebook!

Billytt Die happy trading e/j daily breakout

i knew about the 2 banks that you have and you borrow from yourself..lol....but i wasn't aware that it was actually in another account with another broker READY TO ROCK at all time! I thought maybe it was in your bank account..lol

Billytt Die happy trading e/j daily breakout

This is like breaking The Da Vinci Code! I'm trying my best to decipher...lol

Billytt Die happy trading e/j daily breakout

where might that post be? Maybe tell us what Year and maybe Month that comment was made?

Billytt Die happy trading e/j daily breakout

Agreed! I think that within this thread there is plenty of information about WHICH pairs to trade and WHEN to trade them and HOW to trade them. Also plenty of information about HOW and WHERE to counter our bad trades. There's a winning strategy ...

Billytt Die happy trading e/j daily breakout

I notice that on the 04-00 bar that price almost always returns to our trigger once it has been broken. Very seldom does it seem that price breaks our Trigger and just RUN......I could see where the Retrace Trade could be very profitable.

Billytt Die happy trading e/j daily breakout

speaking of stats and whip......my first thought of a stat i was going to start keeping was the average candle size and the biggest candle size of the candles during the London trading session (including the 4 hr overlap with NY). This I feel will ...

Billytt Die happy trading e/j daily breakout

Yeah stick with 04-00 and AU....STATS!

Billytt Die happy trading e/j daily breakout

Appears to be textbook to me!

Billytt Die happy trading e/j daily breakout

I choose not to use a trailing stop because i agree it totally defeats the entire purpose of your strategy.....the "counter trade".

Billytt Die happy trading e/j daily breakout

Yes!

Billytt Die happy trading e/j daily breakout