Billytt Die happy trading e/j daily breakout | Page 973 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #19,441
  • Jun 27, 2017 7:28am Jun 27, 2017 7:28am
Quoting billytt
Quoting Piphunter00
{quote} indeed. very powerful teaching of yours billy. although the only caveat with chasing it is its hard to know in which order its gonna do things and not getting torn up in the process. E/G looked like it was going to do fulfill th excellent example... First ,,, low broke and it got + 5 but it didn't make the +10 for stats..IT FAILED what did it do, it retraced and broke High for an obvious Daily High. i t doesnt matter how high it went/goes the point is it made High. That was the easy part lol, i have no idea how
...
the high broke first, if you drill down another timeframe youll see lol. so it was double fail. lucky for me i took that 5 and ran for the hills leaving one soldier on the battlefield who i will send a team in for tomorrow.
  • #19,442
  • Jun 27, 2017 7:30am Jun 27, 2017 7:30am
Quoting billytt
{quote} i do have and they are too far over my head to use lol. It is the sort of thing my Lady collated stats within stats, too technical for me
It's a good thing you have a lady to take care of all the "technical stuff". Tell'em Caludia! lol
  • #19,443
  • Jun 27, 2017 7:36am Jun 27, 2017 7:36am
Quoting Piphunter00
{quote}{quote} the high broke first, if you drill down another timeframe youll see lol. so it was double fail. lucky for me i took that 5 and ran for the hills leaving one soldier on the battlefield who i will send a team in for tomorrow.
My apologies Pip, you are correct High did break first and it was a double fail but if you are chasing daily range it was ok.
That is probably why i never look at anything else apart from E/J-A/U- Cable
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,444
  • Jun 27, 2017 7:37am Jun 27, 2017 7:37am
Quoting bojack34
{quote} It's a good thing you have a lady to take care of all the "technical stuff". Tell'em Caludia! lol
I told my Lady to stop the collating plus she might get in trouble
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,445
  • Jun 27, 2017 7:37am Jun 27, 2017 7:37am
Quoting billytt
{quote} My apologies Pip, you are correct High did break first and it was a double fail but if you are chasing daily range it was ok. That is probably why i never look at anything else apart from E/J-A/U- Cable
no need bill. you can never tell what order of shenanigans went on from just the 4h candle! lol.

yes you are right, no matter how many shitty breaks there are, if the market has yet to fill a range that it has a strong probability to fill, you should get there in the end.
  • #19,446
  • Jun 27, 2017 7:47am Jun 27, 2017 7:47am
Quoting Piphunter00
{quote} no need bill. you can never tell what order of shenanigans went on from just the 4h candle! lol. yes you are right, no matter how many shitty breaks there are, if the market has yet to fill a range that it has a strong probability to fill, you should get there in the end.
when i collate stats i always drop down to 1 minute to make sure i am correct, i didnt with E/G lol.
AND i always use mid range .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,447
  • Jun 27, 2017 7:49am Jun 27, 2017 7:49am
Quoting billytt
{quote} when i collate stats i always drop down to 1 minute to make sure i am correct, i didnt with E/G lol. AND i always use mid range .
i wish metatrader provided dam mid price.
  • #19,448
  • Jun 27, 2017 7:49am Jun 27, 2017 7:49am
Quoting billytt
{quote} when i collate stats i always drop down to 1 minute to make sure i am correct, i didnt with E/G lol. AND i always use mid range .
Can you please explain what you mean here .....i guess i'm still too new to trading to fully understand this.
  • #19,449
  • Jun 27, 2017 8:04am Jun 27, 2017 8:04am
Some selling opportunity on cable soon lol here we go again.
  • #19,450
  • Jun 27, 2017 8:05am Jun 27, 2017 8:05am
Cable , i took chart approx 14-00, it doesnt really matter for this.
so far we have a daily range of approx 57 lol.
the 5 day range is 94, 10 day 97 and 20 day 98.
Attached Image

lines on chart show where we can expect it to go.
we can use a modest range so lets take a few points off..
i will always prefer to trade off the retrace as we then have better odds
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,451
  • Jun 27, 2017 8:06am Jun 27, 2017 8:06am
Quoting claudia1
Some selling opportunity on cable soon lol here we go again.
les try it
  • #19,452
  • Jun 27, 2017 8:07am Jun 27, 2017 8:07am
Quoting bojack34
{quote} Can you please explain what you mean here .....i guess i'm still too new to trading to fully understand this.
it is the middle price of buy and sell which broker uses and transferred to a chart
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,453
  • Edited 8:24am Jun 27, 2017 8:09am | Edited 8:24am
You do not need to trade off a fail as i do
l
No problem with just trading the retrace if it happens. Stats show you will get less though lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,454
  • Jun 27, 2017 8:10am Jun 27, 2017 8:10am
Quoting DavidRP
{quote} les try it
Not yet be patient. Want to see it bounce off that high.
  • #19,455
  • Jun 27, 2017 8:14am Jun 27, 2017 8:14am
My worry on cable before starting to sell is adr is only around 50% and seems to be strong buying. Will wait and see close of hour bar.
  • #19,456
  • Jun 27, 2017 8:19am Jun 27, 2017 8:19am
Quoting billytt
You do not need to t look for Daily range off a fai as i do, No problem with just trading the retrace if it happens. Stats show you will get less though lol
I was looking into a way I can just trade the +5 on the initial trigger and then NOT hold the counter trade in limbo and then also trade the opposite trigger +5 and look for Daily Range while also looking for other "obstacles"..........but i wasn't sure if that took away from the whole 04-00 break straetgy. I was looking for another "OUT" for us smaller bank rolls. I don't mind tinkering and making my own but there is obv a line that can be crossed when it becomes "changing" instead of "making your own". The stats on the FAILED Trades on the Opposite Trigger are very good......I can see how/why you almost WANT a fail....lol
  • #19,457
  • Jun 27, 2017 8:19am Jun 27, 2017 8:19am
Quoting claudia1
{quote} Not yet be patient. Want to see it bounce off that high.
not so patient (me) ... bad timing
  • #19,458
  • Jun 27, 2017 8:20am Jun 27, 2017 8:20am
Quoting claudia1
My worry on cable before starting to sell is adr is only around 50% and seems to be strong buying. Will wait and see close of hour bar.
good advice

1.28..
  • #19,459
  • Jun 27, 2017 8:35am Jun 27, 2017 8:35am
[quote=bojack34;10024114]{quote} I was looking into a way I can just trade the +5 on the initial trigger and then NOT hold the counter trade in limbo and then also trade the opposite trigger +5 and look fo

once you are in a trade and it retraces anything can happen before/if it fails.
We have more retrace and WHIP it then makes that trade not simple.
I trade off special lines, HIGH or Low nothing else, no stop just a counter.
I do retrace trades within a trade but this is ok to my style but not always.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #19,460
  • Jun 27, 2017 8:44am Jun 27, 2017 8:44am

  1. USDCAD WH +22.0 pips (-5.6-5.4*2-5.4*4+7.5*8)
    Bought at WH high. Closed buy and added 2 sells at WH low. I could've gotten out with a decent profit, but I was greedy and aimed for more than 5 pips based on S+D. My bid price only reached my target and price reversed. Price went back to WH high, so I closed the sells and added 4 buys. Price reversed. Closed all buys and added 8 sells at WH low. Aimed for a bit more than 5 pips. TP was reached.

USDCAD M5

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