Indeed. Here is a graph. The blue lines are the High and Low of the 00-00 H4. On an importance list, where would you put the High/Low of the 04-00 H4 bar?

Billytt Die happy trading e/j daily breakout

If my calculations are correct, +20 though I stuck to the rules and got the daily 5 :-)

Billytt Die happy trading e/j daily breakout

Another question. When a trader gets +5 in on direction, does it make sense to double the expectation in the opposite direction, i.e., wait for the price to break the opposite wait and get +10? Or is it a false end?

Billytt Die happy trading e/j daily breakout

Okay, guys and gals, Got my copy of "The Hour Between Dog and Wolf" and ready to start reading. After some consultations with the more experienced traders here and moderators, there is now a special thread just for the book discussion. url ...

Billytt Die happy trading e/j daily breakout

Math is cool! I think I got the main idea of how ADR is calculated and was wondering what causes changes. Hopefully, I got it too. Keep posting and I'll check your postings against my numbers. Numbers I like!

Billytt Die happy trading e/j daily breakout

In other words, with every new daily High and Low, ADR limits are adjusted. Funny, how it looks like the game 'Pulling the blanket'. Each side tries to pull it their way and, almost?, each time further from the initial range than the movement of the ...

Billytt Die happy trading e/j daily breakout

Morning, Sir Billy! Hope you had a good night sleep. What caused the adjustment?

Billytt Die happy trading e/j daily breakout

1) If one were to start from scratch, what should be the lot size in percents? 5%, 2.5% or something else? 2) How should the lot size be adjusted in counter trading? Double it?

Billytt Die happy trading e/j daily breakout

Just thinking out loud here. If one countered today at 08:00 M15 bar, they would be -21 points on the 1st trade, when countering with the 2nd trade. On the 2nd trade, they would make +50 points and get out. Then they wait for the 1st trade to ripe, ...

Billytt Die happy trading e/j daily breakout

Can you say more? Why bigger range is nicer?

Billytt Die happy trading e/j daily breakout

Actually, maybe you guys and gals can help me figure out how to calculate profits and losses. Shorted at 1.27343. T/P at 1.27277. Profit shows 66 points. That's 6 pips?

Billytt Die happy trading e/j daily breakout

Took +6 on cable following Billy's method. Thanks, sir Billy! Looks like the price is headed toward lower ADR.

Billytt Die happy trading e/j daily breakout

That is one huge bar today! 20 pips.

Billytt Die happy trading e/j daily breakout

Noteworthy, the low ADR is calculated by subtracting 152 from the HIGH, and the high ADR, by adding 152 to the LOW of the 00 4H bar. The bar range IS included in the ADR.

Billytt Die happy trading e/j daily breakout

Wondering, if one trades like Billy/Claudia/Lem, how soon will one can afford a Porsche? LOL

Billytt Die happy trading e/j daily breakout

Thanks for that! Paying close attention today.

Billytt Die happy trading e/j daily breakout

Morning! Which pair would you recommend starting with? Green pips!

Billytt Die happy trading e/j daily breakout

Excellent stuff, as always, both Sir Billy and Lem! What else, if anything, would you recommend to someone who is just beginning to use FD?

Billytt Die happy trading e/j daily breakout

This is golden. Saving for posterity.

Billytt Die happy trading e/j daily breakout