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-   -   Billytt Die happy trading e/j daily breakout (https://www.forexfactory.com/thread/524601-billytt-die-happy-trading-ej)

Skyhawks Aug 12, 2020 2:21am | Post# 52881

{quote} Got the break north. Spread was a bit evil at 7.00 am lol. Out waiting for London open.
How many pips do you aim for with the pre-london break?

claudia1 Aug 12, 2020 2:24am | Post# 52882

{quote} How many pips do you aim for with the pre-london break?
8 to 10. With a news release like today it had to break one way or another.

billytt Aug 12, 2020 2:25am | Post# 52883

Hi all, hope we are all safe.

Both Cable and e/u 00-00 4 hour bar low broke, So i was short, then retrace back up so i went Long with both, off the 04-00 2hour bar. everything is good.

i can afford to play as it is early morning and pre 08-00 open.
Trade well all.
t 07-25

soccerfan Aug 12, 2020 2:32am | Post# 52884

{quote} 8 to 10. With a news release like today it had to break one way or another.
All up early today...wine bar closed last night???
Haha !!

claudia1 Aug 12, 2020 2:34am | Post# 52885

{quote} All up early today...wine bar closed last night??? Haha !!
No - wine bar open but bought an alarm clock.

Celtic tonight Bad result on Sunday but Rangers game got 3 (didn't have a bet on that).

soccerfan Aug 12, 2020 3:14am | Post# 52886

{quote} No - wine bar open but bought an alarm clock. Celtic tonight Bad result on Sunday but Rangers game got 3 (didn't have a bet on that).
Make it back on Cable.....have a gr8 day

billytt Aug 12, 2020 3:45am | Post# 52887

Cable 08-00 15 minute bar break, It is scrappy lol, High broke then dropped down to break low

BUT. i had manually adjusted the 10 range to 15, and voila . to cut story short i am +3% gain, ( counter and retrace trade).
i need the other 2% lol
Trade well all.
t 08-45

edit at 08-46, we can still msake another retrace trade long.

billytt Aug 12, 2020 3:51am | Post# 52888

Cable 08-00 15 minute bar break, It is scrappy lol, High broke then dropped down to break low BUT. i had manually adjusted the 10 range to 15, and voila . to cut story short i am +3% gain, ( counter and retrace trade). i need the other 2% lol Trade well all. t 08-45 edit at 08-46, we can still msake another retrace trade long.
yaaaaaaaaaaaaaay Cable retrace trade brought in +4% . Hopefully the high break will fail because i want to short.lol.
t 08-51

ia1979 Aug 12, 2020 4:25am | Post# 52889

1 Attachment(s)
Morning all. Got a nice easy 20 on GJ this morning, break of 12-4am range (cheers Billy). Price was above the daily pivot AND daily open so it was always going to be long for me.

Price now sitting at DR1 and yesterday's high with scope to go higher, but I'm out.
Click to Enlarge

Name: GBPJPY.lmaxH1.png
Size: 45 KB

ia1979 Aug 12, 2020 4:30am | Post# 52890

Hi all, hope we are all safe. Both Cable and e/u 00-00 4 hour bar low broke, So i was short, then retrace back up so i went Long with both, off the 04-00 2hour bar. everything is good. i can afford to play as it is early morning and pre 08-00 open. Trade well all. t 07-25
Nicely done Billy. Is that the 2 hour range from 4am to 5:59am? Cheers.

billytt Aug 12, 2020 4:34am | Post# 52891

{quote} Nicely done Billy. Is that the 2 hour range from 4am to 5:59am? Cheers.
yes it is..... i do not trade this 2 hour all of the time, but it was early and we had signs of an up move.
i do not mention dollar index very often even though i have always watched it,
Dollar index is taking a battering so cable goes up.

Dont forget i am primarily a line trader. lol
trade well bud.
t 09-34

billytt Aug 12, 2020 4:38am | Post# 52892

{quote} Nicely done Billy. Is that the 2 hour range from 4am to 5:59am? Cheers.
AND, we do not want a 2 hour bar with a big range.

ia1979 Aug 12, 2020 4:55am | Post# 52893

{quote} AND, we do not want a 2 hour bar with a big range.
Got it. Cheers for explaining. I suppose one would only need to look at countering using the 2 hour range if the 12-4am range itself was fairly big. I was also having a look at the 4-7am range that Claudia uses and that works pretty well too.

billytt Aug 12, 2020 5:07am | Post# 52894

{quote} Got it. Cheers for explaining. I suppose one would only need to look at countering using the 2 hour range if the 12-4am range itself was fairly big. I was also having a look at the 4-7am range that Claudia uses and that works pretty well too.
you got it

billytt Aug 12, 2020 5:18am | Post# 52895

{quote} Got it. Cheers for explaining. I suppose one would only need to look at countering using the 2 hour range if the 12-4am range itself was fairly big. I was also having a look at the 4-7am range that Claudia uses and that works pretty well too.
Also, hopefully something will click and you will then know.
countering if used, average daily range, different bars?????

billytt Aug 12, 2020 5:28am | Post# 52896

1 Attachment(s)
Cable 00-00 4 hour bar break.
chart is 2 hours, copied a few minutes ago.
if we are looking for adr or a 70 range . high would be 13086 for 70 range.
and the low would be 13000 lets say the 00.
Click to Enlarge

Name: gu 12 0-8   A.png
Size: 22 KB
t 10-28

stu Aug 12, 2020 5:53am | Post# 52897

{quote} Got the break north. Spread was a bit evil at 7.00 am lol. Out waiting for London open.
a BUY!

ia1979 Aug 12, 2020 5:55am | Post# 52898

{quote} Also, hopefully something will click and you will then know. countering if used, average daily range, different bars?????
I think I get it. When shorting at the 12-4am low, you are aiming for less points because from that point, your modest 70 range is only 30 points away, for arguments sake. If you went long at the break of the 4-6am range, you are aiming for more points because the modest ADR from there is over 50 points up. Is that it?

ia1979 Aug 12, 2020 6:00am | Post# 52899

12-4am break on GU, we've had a low break, and then a pretty strong move up to break the high of the range. Price seems to have stalled and has reversed a bit with 1.3050 being a pain. As Billy says, in theory we should keep going up now to make the ADR, but it could still break the low again and aim for 1.30.

Which is to be today Claudia? Will we get close to DR1 or are we heading back down aiming for DS2?

claudia1 Aug 12, 2020 6:04am | Post# 52900

{quote} a BUY!
Shhhh don't tell Lem ...


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