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Billytt Die happy trading e/j daily breakout

Quoting billytt
lol, cable 08-00 break was good, it finally made the 5 /6 stats are stats. i still have that weird feeling.
Morning Billy

It is looking a bit weird. Got that big move out of the London Fix yesterday. Feels like there is brew on..
Quoting Fagin
{quote} Morning Billy It is looking a bit weird. Got that big move out of the London Fix yesterday. Feels like there is brew on..
Hi F. same feeling here.
a lot is happening in USA and it might go boom.
#BUT, more for us yaaaaaay.
market is very slow at the moment but it will hot up.
Glad you are getting the moves.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
still on 38 daily range, and price is still inside the 00-00 area, but looks like it might just break low again.
Hopefully time to nail it,
t 10-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
time 11-01 price is still inside 00-00 4 hour range, cable.
if/when price breaks low, remember those interval lines i spoke of every 12/15 points.
i do not like to use the word grid, but that will give yo an idea.
i want 20 or 30 points, OR if price starts running fast lets jump on it.
Lets see. time npow 11-03
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
when you place your second compound trade after x AMOIUNT.
SHOULD IT RETRACE, it is up to you when to close it ????
we need to stay in profit rather than hope or rely on stats.lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
time 11-01 price is still inside 00-00 4 hour range, cable. if/when price breaks low, remember those interval lines i spoke of every 12/15 points. i do not like to use the word grid, but that will give yo an idea. i want 20 or 30 points, OR if price starts running fast lets jump on it. Lets see. time npow 11-03
Finger on the
Quoting Fagin
{quote} Finger on the
yaaaaay, look at e/u today, fine example of compounding for a few extra points.

i did take a few points off the initial low brea after the high had failed.
But i have not compounded, i am with cable.
t 11-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
#2 is about to go in. A bit dicey on the 50 though..
Quoting Fagin
#2 is about to go in. A bit dicey on the 50 though..
Question, are yo saying price will bounce back up off the 50, OR break through it?

i agree with you entirely , who actually knows.
that 50 is a good point to aim for.
Every 50 every 00 will be broken and will also retrace.

edit, but if it does bounce back up, we are then going long and repeating.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
{quote} Question, are yo saying price will bounce back up off the 50, OR break through it? i agree with you entirely , who actually knows. that 50 is a good point to aim for. Every 50 every 00 will be broken and will also retrace. edit, but if it does bounce back up, we are then going long and repeating.
It'll bounce and then who knows..?

Edit at 53...
Quoting billytt
{quote} Question, are yo saying price will bounce back up off the 50, OR break through it? i agree with you entirely , who actually knows. that 50 is a good point to aim for. Every 50 every 00 will be broken and will also retrace. edit, but if it does bounce back up, we are then going long and repeating.
"edit, but if it does bounce back up, we are then going long and repeating."

I'm bias short now. I'd want to see it break the double top above 1.37 before going long. If I was Mystic Meg I'd see it going to 1.3620 and then fixed at 3/4ish back up to where we are now.

Wish I had a crystal ball. I would have predicted picture no sound today from the Mrs for cutting my own hair last night... I think I look good
[quote=Fagin;13357039]{quote} "edit, but if it does bounce back up, we are then going long and repeating." I'm bias short now. I'd want to see it break the double top above 1.37 before going long. If I was Mystic Meg I'd see it going to 1.3620 and then fixed at 3/4ish back up to where we are now. Wish I had a crystal ball. I would have predicted picture no sound today from the Mrs for cutting my own hair last night... I think I look good [/quotCable, my bias is short.

my bias was short even though i went long off the 08-00 break.
i follow the market makers. and its going good.
i say good, a bit scary at time lol.

Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting Fagin
{quote} "edit, but if it does bounce back up, we are then going long and repeating." I'm bias short now. I'd want to see it break the double top above 1.37 before going long. If I was Mystic Meg I'd see it going to 1.3620 and then fixed at 3/4ish back up to where we are now. Wish I had a crystal ball. I would have predicted picture no sound today from the Mrs for cutting my own hair last night... I think I look good


Re:- that 50 line. if we bounce back up it could go to 13720 or if it drops through the 50, 13630 could be a conservative area.
that is looking at a humble 70 range today.

it will go somewhere as lem says.
t 12-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
currently i am having a fight with cable 08-00 break.
I have a typical spread of 0.0 - 0.03 on GU.

In today's example instead of having the buy trigger exactly for the high price it might have helped to leave out the long trade by setting an offset of just 1 Point.

So in my case the high of the range was = 1.36876. The high touched/"broke" with the next bar and not moved 0.1 Points further.

If you look through the statistics this happens quiet a few times, where it touches the high/low for 0.0 - 1 Point just to shoot against it retracing all the way back then and you have to counter then. Maybe this is not worst the stress and can be reduced by setting such 1 or maybe even 2 Point buffer.

On the other hand you might be happy then with only taking a profit at +4 instead of +5 if the stats are calculated exactly for the high/low price +-5.

But i think i did read your stats are based on +10 to already calculate in the spread or what ever.

By setting an offset and buying or selling half or full a point later might safe you from having to counter some times.

I see the low did not break today for the range of 25 Points so all good (no counter needed) but it took some time before if reached +5 on the long side (several M15 candles).

Just my thoughts. Regards.
Quoting MichaelG
I hope that helps
Thanks for your great explanations. Yes, it does.
[quote=Avery;13357221]{quote} I have a typical spread of 0.0 - 0.03 on GU. In today's example instead of having the buy trigger exactly for the high price it might have helped to leave out the long trade by setting an offset of just 1 Point. So in


if you look at todays chart in a few months time, you will see that the high broke and +5 made.

sometimes we do have a trigger and price retraces , it happens quite often.
Make the method your own, i will counter and counter because it works and i am happy with it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
{quote} Re:- that 50 line. if we bounce back up it could go to 13720 or if it drops through the 50, 13630 could be a conservative area. that is looking at a humble 70 range today. it will go somewhere as lem says. t 12-22
Attached Image

Still slogging away!
all went well, i had finished for 15-30 with a bag full of %%%%%%,

we have only just made 70 or a tad over and it is now 16-20.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting Fagin
{quote} {image} Still slogging away!
we had a good day, like you posted, we hit the 50 and it did retrace up, which i got in long and then short lol.
stopped about 15-30 happy guy.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Quoting billytt
{quote} we had a good day, like you posted, we hit the 50 and it did retrace up, which i got in long and then short lol. stopped about 15-30 happy guy.
It was a nice bounce! Still in and trailing and ready for tea time. Have a good evening.
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binnie