Billy bar break MORE THAN covered any losses from yesterday on the break South this morning. AU 4am-8am break successful too. Iddd, you keep going back to a 5 pip stop on GU. That will not work.

Billytt Die happy trading e/j daily breakout

On standby here Claudia, awaiting further instructions on this system you were referring to earlier, if you're still willing to share . Congratulations Billy on making sure you posted comment number 50,000.

Billytt Die happy trading e/j daily breakout

Just for reference, Billy usually counters at minus 15 pips. So if I were you, and using stops on this method, I'd be looking at 15 pips as the magic number. Also, not sure if you're aware, if the bar size is less than 15 pips, the same 15 pip ...

Billytt Die happy trading e/j daily breakout

Your Voodoo bias makes me jealous lol. Another good point you made here. The not the Billy bar (break of the 7:45-8am bar) made +5 today. It must be rare for both to fail on the same day. Now if only we had a stats king among us here. Oh wait...

Billytt Die happy trading e/j daily breakout

Great Post Lem. Bias plays a big part.

Billytt Die happy trading e/j daily breakout

This happens, but thankfully not too often. Now take a look at the 9am 1 hour GU bar break as well.

Billytt Die happy trading e/j daily breakout

Here's an exercise for when you have some spare time - look at the 8am-8:15am bar break over the past say 6 months to 1 year. Only focus on the fails. Then look at the break on the other side (so an opposite break). You will hopefully see that if it ...

Billytt Die happy trading e/j daily breakout

Never hurts to add another method coming from an experienced trader Claudia. I'm all ears too if you're willing to share

Billytt Die happy trading e/j daily breakout

Last week we had 5 winners in a row. And some of them were a lot more than 5-10 pips a go. Some days you will see it break and it never returns, so you get loads of pips. You are definitely right that if it fails more than twice, walk away that day. ...

Billytt Die happy trading e/j daily breakout

Thanks BO, another very helpful post and might I add it is exceptionally selfless of you and Billy to be sharing your stats with us. I will bear your points in mind when trading AU. I know what you mean by it being slow. However, I'd take that over ...

Billytt Die happy trading e/j daily breakout

I was discussing with Lem a while ago that when you look at any hourly chart, there seems to be hundreds of Wick Zone trading opportunities. One could play the hourly charts wick zone style all day (if that way inclined) and probably take lots of ...

Billytt Die happy trading e/j daily breakout

BO, you said somewhere you exclusively focused on the 2nd break of the AU 4am-8am bar. Would this be the second break in the opposite direction?

Billytt Die happy trading e/j daily breakout

Very well described Billy. Average means nothing when talking breakouts. It is the number of times it breaks out for more than X pips that really matters.

Billytt Die happy trading e/j daily breakout

I think Billy's strike rate is above 65% on this method. Or should I say 100%, as he trades his way out of failed breakouts. You could also look at the 8am or 9am 1 hour GU bar. They usually breakout for a good handful on either side every day. You ...

Billytt Die happy trading e/j daily breakout

I think the box should always have been the way it is right now. 3 hours before UK open and only 1 hour after UK open. All the big moves usually start happening after 9am UK time and the box is set to take full advantage of these movements now. ...

Trade Outside the Box (TOTB)

Lem it looks like you went short as price was travelling through the cloud. That's some confidence right there. Was there other info you were utilising for this move? Thanks.

Billytt Die happy trading e/j daily breakout

Morning all, Most pairs seem to have slowed down today for some reason. Maybe the US open at 1pm UK time will push them one way or another. If our lockdowns continue for the foreseeable future, do you guys think trading will carry on as normal, or ...

Billytt Die happy trading e/j daily breakout

Have you noticed that a lot of big moves happen when the 9am bar starts? Might be a good to make the box 6am, 7am, 8am (3 hours), and trade the break of the box with the 9am bar. Don't wait for it to close. Enter the trade as it breaks the box. Just ...

Trade Outside the Box (TOTB)

Yeah it seems like the best set ups are when the yellow line and cloud are quite close together, when the breakout takes place. Always helpful to see these charts.

Billytt Die happy trading e/j daily breakout

Lem, found one of your old posts on counter/hedge trading. Very helpful for all interested.

Billytt Die happy trading e/j daily breakout