Billytt Die happy trading e/j daily breakout | Page 1010 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,181
  • Jul 18, 2017 4:26am Jul 18, 2017 4:26am
Quoting claudia1
What a day even beat g/n that's a first. {image}
Should of held on to you lot ! Hindsight is great.
  • #20,182
  • Jul 18, 2017 4:59am Jul 18, 2017 4:59am
Quoting slowbrain
{quote} Study Do you have a fix rule (max size of the reference candle) to decide counter at mid or opposite trigger ? SB
Hi SB

I use 8 pips as my criteria for countering at mid. It's not a decision made from stats though. After trading like this for a while, I just noticed that the crazy whipping usually happens when the range is too small. I feel like 4 pips (half the range of 8 pips) is enough room for the trade to pan out. If the range is smaller than 8 pips, I use the opposite trigger to give the trade more room.
  • #20,183
  • Jul 18, 2017 5:40am Jul 18, 2017 5:40am
Quoting StudyFX
{quote} Hi SB I use 8 pips as my criteria for countering at mid. It's not a decision made from stats though. After trading like this for a while, I just noticed that the crazy whipping usually happens when the range is too small. I feel like 4 pips (half the range of 8 pips) is enough room for the trade to pan out. If the range is smaller than 8 pips, I use the opposite trigger to give the trade more room.
Thanks mate , I enjoy to see more of your charts ...

SB
trying to make everyday the best risk/reward decisions possible
  • #20,184
  • Edited 7:36am Jul 18, 2017 7:07am | Edited 7:36am

  1. AUDUSD DZ +6.5 pips
    Bought at DZ high. Aimed for +5. TP was reached. Quick and clean trade. I was willing to counter at DZ mid.

AUDUSD M5

Attached Image


_____

Additional trade. Surfed the DZ.

  1. AUDUSD DZ Surfing +5.8 pips
    Shorted at DZ low. Aimed for +5. TP was reached. Quick and clean trade. I was willing to counter at DZ mid.

AUDUSD M5

Attached Image
  • #20,185
  • Jul 18, 2017 8:07am Jul 18, 2017 8:07am
Quoting claudia1
{quote} Should of held on to you lot ! Hindsight is great.
not with me, it always looked like it would drop but i stuck with the method. It was good though
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,186
  • Jul 18, 2017 8:12am Jul 18, 2017 8:12am
OMG my Lady's E/U short FAILED. BUT
it broke the High,,, and what am i always saying ,erm erm adr maybe +20 lol
i got her money back so she can trade tomorrow, it will be a second compound. I will tell her it failed..
weird thing is i didn't actually trade the first Low break but entered on the retrace, It still lost and glad it did as i dont want to see you guys see me win all of the time. yaaaaaaaaaaaaaaaaaaay, catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,187
  • Jul 18, 2017 9:31am Jul 18, 2017 9:31am
Good day so far on top of g/n lol.
Attached Image (click to enlarge)
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  • #20,188
  • Jul 18, 2017 1:44pm Jul 18, 2017 1:44pm
Quoting StudyFX
AUDUSD DZ +6.5 pips Bought at DZ high. Aimed for +5. TP was reached. Quick and clean trade. I was willing to counter at DZ mid. AUDUSD M5 {image} _____ Additional trade. Surfed the DZ. AUDUSD DZ Surfing +5.8 pips Shorted at DZ low. Aimed for +5. TP was reached. Quick and clean trade. I was willing to counter at DZ mid. AUDUSD M5 {image}
Nicely done, SFX. You played it differently than I would have (funnily enough, lol).

As you can see below, the Zone above would have given me pause as regards going long and as such, I would have jumped on the return journey, going in not at the low of the DZ but at the exit of the Upper WZ. Having said that, this wasn't a set-up conducive to a great WZ-Friendly look and I would likely not have considered it at all.

Attached Image


For the record (and I was at my Mum's for her birthday, so all supposition but hey...), I did have a look at the set-ups going into the DZ and would probably have looked at GN, NU, UC and UJ for immediate possibilities, with AN, NJ, XAU and the US500 as later-entry set-up options.
  • #20,189
  • Jul 18, 2017 3:24pm Jul 18, 2017 3:24pm
Quoting lemercenaire
{quote} Nicely done, SFX. You played it differently than I would have (funnily enough, lol). As you can see below, the Zone above would have given me pause as regards going long and as such, I would have jumped on the return journey, going in not at the low of the DZ but at the exit of the Upper WZ. Having said that, this wasn't a set-up conducive to a great WZ-Friendly look and I would likely not have considered it at all. {image} For the record (and I was at my Mum's for her birthday, so all supposition but hey...), I did have a look at the set-ups...
While price was exiting the top WZ, I actually thought about entering for a second haha. But I don't have a trading plan for Wick-zones at the moment, so I just waited for the break of the low. I hope your mother had a wonderful birthday!
  • #20,190
  • Jul 18, 2017 4:50pm Jul 18, 2017 4:50pm
Quoting StudyFX
{quote} While price was exiting the top WZ, I actually thought about entering for a second haha. But I don't have a trading plan for Wick-zones at the moment, so I just waited for the break of the low. I hope your mother had a wonderful birthday!
She did, thank you!
  • #20,191
  • Jul 18, 2017 6:06pm Jul 18, 2017 6:06pm
i got in early tonight,

i had a walk along beach with rain just starting and the thunder and lightning was about 4 miles away moving in.
Coffee and stats time
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,192
  • Jul 18, 2017 6:09pm Jul 18, 2017 6:09pm
Quoting billytt
i got in early tonight, i had a walk along beach with rain just starting and the thunder and lightning was about 4 miles away moving in. Coffee and stats time
That sounds like the opening paragraphs to a Stephen King novel...
  • #20,193
  • Jul 18, 2017 7:02pm Jul 18, 2017 7:02pm
Quoting lemercenaire
{quote} That sounds like the opening paragraphs to a Stephen King novel...
lol
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,194
  • Edited 7:53pm Jul 18, 2017 7:26pm | Edited 7:53pm
Quoting billytt
{quote} lol {image}
The movie "The Shining" was written off of a Stephen King's haunted experience at the Stanley Hotel in Estes Park Colorado. I actually got to stay in room 217, which is the same room Stephen King stayed in when he got all of his motivation........and NO nothing haunting happened to me while I was there...lol.
  • #20,195
  • Jul 18, 2017 7:36pm Jul 18, 2017 7:36pm
Quoting billytt
{quote} lol {image}
ugh... goosebumps...

_____

Anyway... LOL. I'm getting a lot of clean trades this week.

  1. USDJPY WH +5.5 pips
    Shorted at low. Aimed for +5. TP was reached. Clean trade. I was willing to counter at mid.

USDJPY M5

Attached Image
  • #20,196
  • Jul 19, 2017 12:42am Jul 19, 2017 12:42am
Here's a site about ADR and Pivot Points ..etc... I'm not sure how helpful it is because I'm still a little new to trading....but it feels like it could be helpful.....if not, Trash it!

http://www.global-view.com/forex-tra.../chartpts.html
  • #20,197
  • Jul 19, 2017 1:55am Jul 19, 2017 1:55am
Quoting StudyFX
{quote} ugh... goosebumps... _____ Anyway... LOL. I'm getting a lot of clean trades this week. USDJPY WH +5.5 pips Shorted at low. Aimed for +5. TP was reached. Clean trade. I was willing to counter at mid. USDJPY M5 {image}
I jinxed myself...

 

  1. NZDUSD WH +10.5 pips (-11.5-12.6-6.2+10.2*4)
    Bought at WH high. Countered at WH mid. Closed the buy and added a sell at WH low. Closed all sells and added 4 buys at WH high. Aimed for more than +5 based on fibs and S+D.

NZDUSD M5

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  • #20,198
  • Jul 19, 2017 2:02am Jul 19, 2017 2:02am
Cable Range only 24.......I would assume some big movement at some point. There is a couple of HIN events coming up about 5.5 hours from now. I have Cable ADR 20 as 102.7.
  • #20,199
  • Jul 19, 2017 2:09am Jul 19, 2017 2:09am
I've decided to ONLY trade the Counter Trigger for Cable when i do decide to trade Cable at all......so with that being said....I'm hoping Cable will break the Upper Trigger first and reverse. The DPV line sits about 8 pips away from the Upper Trigger. I hope thats enough to turn price around and maybe give me a chance at a Counter Trade at the Lower Trigger. If this happens......there seems to be smooth sailing for around 18.5 pips or so which is when we reach Yesterday's Low.........and then another 4-5 pips to the 00 line. Looks like a good time to compound to me......(if the Upper Trigger Fails and reverses).....IF...lol.
  • #20,200
  • Jul 19, 2017 2:37am Jul 19, 2017 2:37am
Quoting bojack34
Cable Range only 24.......I would assume some big movement at some point. There is a couple of HIN events coming up about 5.5 hours from now. I have Cable ADR 20 as 102.7.
Hi Bo, good to see you.
t 08-35. cable High was broken and is now on a retrace, I wont it to keep going down.That would be ideal scenario.
My 20 day adr is 93, dont forget i base todays range off last week + 3 weeks, not Sunday figure.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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