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

claudia1 Aug 12, 2020 6:05am | Post# 52901

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?
I'm a bit lost on GU at the moment. Usual comment wait and see what NY tells us.

billytt Aug 12, 2020 6:06am | Post# 52902

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{quote} 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?
the 00-00 high to 70 adr high = 26, the 00-00 low to adr 70 low is 20, we have the actual 00-00 range in between

i speak of the 70 adr, because on a bad day we normally get 70.

billytt Aug 12, 2020 7:40am | Post# 52903

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Cable 00-00 4 hour bar break.
on paper it isnt going to plan, Hence pan B.
Chart below, cable 2 hour.
1 = adr line of 96.
2 = adr of 70 low.
3 = adr line of 70 high.
i use 70 as a very basic guide line for a bad day, but i reckon something is coming. lol
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ia, look at the 2 hour bars, wink wink nudge nudge
t 12-40

ia1979 Aug 12, 2020 8:18am | Post# 52904

Cable 00-00 4 hour bar break. on paper it isnt going to plan, Hence pan B. Chart below, cable 2 hour. 1 = adr line of 96. 2 = adr of 70 low. 3 = adr line of 70 high. i use 70 as a very basic guide line for a bad day, but i reckon something is coming. lol {image} ia, look at the 2 hour bars, wink wink nudge nudge t 12-40
Haha got the hint there Billy thanks. Should be a nice drop if and when it happens.

ia1979 Aug 12, 2020 10:42am | Post# 52905

GU has been a mess today. I think I'll hold on to the remainder of my GJ win from this morning and call it a today. Plus it's 23℃ in Scotland right now. We only get the sun for about 10 days a year, and this is most definitely one of them

billytt Aug 12, 2020 11:31am | Post# 52906

GU has been a mess today. I think I'll hold on to the remainder of my GJ win from this morning and call it a today. Plus it's 23℃ in Scotland right now. We only get the sun for about 10 days a year, and this is most definitely one of them

aye, 62 daily range at 16-30. we still have scope for movement but a day like this not too common.
i honestly think some of the brokers banks don't know for sure what is happening or going to happen.

claudia1 Aug 12, 2020 12:24pm | Post# 52907

GU has been a mess today. I think I'll hold on to the remainder of my GJ win from this morning and call it a today. Plus it's 23℃ in Scotland right now. We only get the sun for about 10 days a year, and this is most definitely one of them
29 c down here. Just been and had glass of Stella too warm for wine.

Stev1929 Aug 12, 2020 12:44pm | Post# 52908

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claudia1 Aug 12, 2020 1:10pm | Post# 52909

{image}
33 is seriously hot

Stev1929 Aug 12, 2020 1:19pm | Post# 52910

{quote} 33 is seriously hot
Im melting! On the plus side i can already hear the next wave of thunder on its way so should cool down

claudia1 Aug 12, 2020 1:27pm | Post# 52911

{quote} Im melting! On the plus side i can already hear the next wave of thunder on its way so should cool down
It needs a clear out. Had thunder lightning in middle of night. Seems it's cooler in Scotland from what ia says - might wake Lem up.

Stev1929 Aug 12, 2020 1:34pm | Post# 52912

{quote} It needs a clear out. Had thunder lightning in middle of night. Seems it's cooler in Scotland from what ia says - might wake Lem up.
Im dreaming of autumn right now!

TooSlow Aug 12, 2020 9:39pm | Post# 52913

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Billy, do you take 4 or 1 or wait?

billytt Aug 13, 2020 2:23am | Post# 52914

Hi all, hope everyone is well and safe.

00-00 4 hour bar break.
cable & e/u both broke High, i am long with both. Why not lol. looking for 20 & 16 or what ever i can get.
Trade well all.
07-23

billytt Aug 13, 2020 2:24am | Post# 52915

{image} Billy, do you take 4 or 1 or wait?
Hi bud, hope you are well.
Take 4 or 1??? not sure what you mean. and thats a/u?

billytt Aug 13, 2020 2:27am | Post# 52916

yesterday cable daily range was 62, this does not happen often, it was near 70 lol.
so far today it has already made 50% of adr . (which 88).

88 adr is pathetic and we will have movement , don't ask when, just look for clues.

billytt Aug 13, 2020 5:11am | Post# 52917

Cable 08-00 15 minute bar break.
low failed but high broke and i got +5% and the fail was also fixed.
i did adjust the range of 12 to 15 as i do.


The 00-00 range longs were ok too. not quite making what i wanted, lol.
Trade well all.

ia1979 Aug 13, 2020 5:18am | Post# 52918

Cable 08-00 15 minute bar break. low failed but high broke and i got +5% and the fail was also fixed. i did adjust the range of 12 to 15 as i do. The 00-00 range longs were ok too. not quite making what i wanted, lol. Trade well all.
Hi Billy. The 12-4am break on both GU and EU happened before I had logged on so that train left without me. Got some on the 12-4am break of GJ again this morning. Market feels very choppy at the moment. Look at Dax. Small range with lots of sideways movement.

claudia1 Aug 13, 2020 5:27am | Post# 52919

Cable 08-00 15 minute bar break. low failed but high broke and i got +5% and the fail was also fixed. i did adjust the range of 12 to 15 as i do. The 00-00 range longs were ok too. not quite making what i wanted, lol. Trade well all.
Get on the 4.25 at Bath the name of the horse will be obvious. Worth a fun bet.

billytt Aug 13, 2020 5:56am | Post# 52920

{quote} Get on the 4.25 at Bath the name of the horse will be obvious. Worth a fun bet.
or DON'T TELL HIM ?? lol


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