Well that caused a spike down and a half!

Billytt Die happy trading e/j daily breakout

Thanks for the explanation Lem and for sharing your story. It's good to get to know the humans underneath the trading cloaks. You helped redesign Hampden Park. How cool is that!

Billytt Die happy trading e/j daily breakout

Morning all. Why was any short a sucker move here Lem? Sorry if this is a newbie question. Thanks. You guys will probably see me a lot more on here now. Just handed my notice in at work, as I wasn't enjoying it. Was a well paid job but hopefully ...

Billytt Die happy trading e/j daily breakout

And it will feel epic once you have fixed it. We are all behind you on this. Billy 1, unpredictable markets 0. I once let a trade go to - £5000, thinking it'll turn. It never did. Never again!

Billytt Die happy trading e/j daily breakout

Thanks Lem. Helpful as always. I'll be visiting the other galaxy to investigate further lol. What's your thoughts on the matter Cap'n Billy?

Billytt Die happy trading e/j daily breakout

Hi all, Is there an automated way to find out the direction of 2 specific 1 hour candles for statistics? I know how to use Excel to work out daily stats but when the day is broken down, it becomes harder. I think Lem or someone else much cleverer ...

Billytt Die happy trading e/j daily breakout

Happy new year Billy, Claudia, Lem and all the other regulars. Lem, you don't have to answer this, but are these smaller lot trades, given the percents you're going after? Well played either way.

Billytt Die happy trading e/j daily breakout

Very nice. Gas guzzling beasts they are. Is your one a newer model or one of the classic ones? Anyway, the Billy bar was a fail on the break up, but produced the percents on the break South for those interested. AU 4 hour bar broke South for ...

Billytt Die happy trading e/j daily breakout

What you driving Lem?

Billytt Die happy trading e/j daily breakout

It is definitely not for newbies or small accounts. Like everything else in life, practice makes perfect. A LOT of practice is required here. In the past I've made and lost money hedging. The main difference here is that you don't hedge too far away ...

Billytt Die happy trading e/j daily breakout

Sometimes hedging sooner rather than later can make it easier to unwind the hedge. For example if your hedge is less than 15 pips from the original trade, it should not be too difficult to recover from it, and possible to turn both trades green. But ...

Billytt Die happy trading e/j daily breakout

Generally hedging once is enough. Your loss is then locked in. Then look for other trades/clues. Billy uses the 12-4am 4 hour bar. Claudia and Lem use their own methods. This thread has so many nuggets of gold. Hedging and rehedging can get one into ...

Billytt Die happy trading e/j daily breakout

Hi Billy, has your main trade now become the break of the 4 hour 12-4am bar on Cable? Thanks

Billytt Die happy trading e/j daily breakout

Great explanation Billy. I think the reason this works so well (especially on the 4 hour bar which we use to correct failed 15 minute trades) is that 4 hour bars generally tend to break out from one side of the previous bar. Just looking back at the ...

Billytt Die happy trading e/j daily breakout

Hi Billy/Lem, When you talk about retrace trades, do you mean price retracing but our bias remaining towards the original break, so opening a trade in the direction of the original break, potentially getting in at a better price? Or do you mean ...

Billytt Die happy trading e/j daily breakout

Thanks Billy. Understood. Hope you are well too. Have a great weekend everyone.

Billytt Die happy trading e/j daily breakout

Billy I know you generally like to play the low break over the high break. I also know that if one end breaks AND fails, the other end has a high chance of getting it back (plus bonus lol). However, have you ever tried to work out stats for how ...

Billytt Die happy trading e/j daily breakout

Billy in the above scenario, would we not be -40 instead of -60?

Billytt Die happy trading e/j daily breakout

I may be wrong here but I think what Billy is saying is that if one end of the 8-8:15am bar fails, trade the other end (so now you are fully hedged so to speak). After that, look at the 12am-4am bar. Wait for one side breaking (do not trade this), ...

Billytt Die happy trading e/j daily breakout

Billy thanks for sharing this information. A true gentleman.

Billytt Die happy trading e/j daily breakout