Billytt Die happy trading e/j daily breakout | Page 1016 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,301
  • Jul 20, 2017 6:55pm Jul 20, 2017 6:55pm
Quoting turnip15
{quote} Crikey chaps ! Cable "Billy Bar" strikes again. {image}
For f sake he's back
  • #20,302
  • Jul 20, 2017 7:32pm Jul 20, 2017 7:32pm

  1. USDJPY WH +4.9 pips
    Bought at WH high. Aimed for +5. TP was reached. Clean trade. I was willing to counter at WH mid.

USDJPY M5

Attached Image
  • #20,303
  • Jul 20, 2017 9:34pm Jul 20, 2017 9:34pm
Stressful trade. Hmph...

  1. NZDUSD WH +13.3 pips (-3.8-8.3-7.4-8.2*4-10.2*8+9.2*16)
    I was late. Price was around WH low. Sold at WH low. I aimed for more than +5 thinking the demand zone will be broken and shoot down further. Apparently, I was just being greedy. I think price went down +5 (not sure if the trade would've closed due to spread though). Anyway, countered at WH mid. Closed the counter and added a sell at WH low. Closed all sells and added 4 buys at WH high. Closed all buys and added 8 sells at WH low. Closed all sells and added 16 buys. Aimed for more than +5 based on fibs and S+D. TP was reached.

NZDUSD M5

Attached Image
  • #20,304
  • Jul 20, 2017 9:45pm Jul 20, 2017 9:45pm
Quoting StudyFX
Stressful trade. Hmph... NZDUSD WH +13.3 pips (-3.8-8.3-7.4-8.2*4-10.2*8+9.2*16) I was late. Price was around WH low. Sold at WH low. I aimed for more than +5 thinking the demand zone will be broken and shoot down further. Apparently, I was just being greedy. I think price went down +5 (not sure if the trade would've closed due to spread though). Anyway, countered at WH mid. Closed the counter and added a sell at WH low. Closed all sells and added 4 buys at WH high. Closed all buys and added 8 sells at WH low. Closed all sells...
You make it look so easy! lol....way to get out of it!!! Screw the broker!!!
  • #20,305
  • Jul 20, 2017 11:21pm Jul 20, 2017 11:21pm
Leading up to the LO we have Cable in a tight range again very similar to yesterday. I have included a H4 chart screen shot as an example of what could happen. I have decided to only trade cable today since AU has already met it's ADR 20.

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  • #20,306
  • Jul 21, 2017 1:12am Jul 21, 2017 1:12am

  1. USDCAD WH surfing +24.5 pips (-6.7-6.4*2+11.0*4)
    Sold near WH low. Closed the sell and added 2 buys at WH high. Closed the buy and added 4 sells at WH low. Aimed for more than +5 based on fibs and S+D. TP was reached.

USDCAD M5

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  • #20,307
  • Jul 21, 2017 1:14am Jul 21, 2017 1:14am
Quoting StudyFX
Stressful trade. Hmph... NZDUSD WH +13.3 pips (-3.8-8.3-7.4-8.2*4-10.2*8+9.2*16) I was late. Price was around WH low. Sold at WH low. I aimed for more than +5 thinking the demand zone will be broken and shoot down further. Apparently, I was just being greedy. I think price went down +5 (not sure if the trade would've closed due to spread though). Anyway, countered at WH mid. Closed the counter and added a sell at WH low. Closed all sells and added 4 buys at WH high. Closed all buys and added 8 sells at WH low. Closed all sells...
Wey Hey
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  • #20,308
  • Jul 21, 2017 1:37am Jul 21, 2017 1:37am
Billy, if AU has reached it's ADR 20 should I still trade it for +5 ONLY? Not go for the ADR on the other side? Or does taking the adr counter trade option out of the equation screw up all the %'s enough to where I should just leave the entire pair alone for the day?
  • #20,309
  • Jul 21, 2017 1:48am Jul 21, 2017 1:48am
Quoting bojack34
Billy, if AU has reached it's ADR 20 should I still trade it for +5 ONLY? Not go for the ADR on the other side? Or does taking the adr counter trade option out of the equation screw up all the %'s enough to where I should just leave the entire pair alone for the day?
A/U adr is more than 20, looking at it i wouldnt.
Dont forget the ADR is an average, ( i dont do averages but ADR and Daily Pivot ) are different.average being approx 90, nothing stopping it moving 150 etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,310
  • Jul 21, 2017 1:49am Jul 21, 2017 1:49am
Quoting bojack34
Billy, if AU has reached it's ADR 20 should I still trade it for +5 ONLY? Not go for the ADR on the other side? Or does taking the adr counter trade option out of the equation screw up all the %'s enough to where I should just leave the entire pair alone for the day?
with A/U lately i would prefer to Long it rather than short, Similar to wanting to short Cable and not Long lol,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,311
  • Jul 21, 2017 1:49am Jul 21, 2017 1:49am
I'm REALLY hoping that Cable will break the High Trigger first and get rejected by the 00 line just above the tirgger and go full reverse to Lower Trigger for a Counter Trade!! ...once the Lower Trigger is broken there is about 50 pips to the other 00 and around 60 pips before it reaches ADR 20...
  • #20,312
  • Jul 21, 2017 1:51am Jul 21, 2017 1:51am
Quoting billytt
{quote} A/U adr is more than 20, looking at it i wouldnt. Dont forget the ADR is an average, ( i dont do averages but ADR and Daily Pivot ) are different.average being approx 90, nothing stopping it moving 150 etc.
Sorry, I was referring to the 20 day ADR........not that the ADR is 20.
  • #20,313
  • Jul 21, 2017 1:51am Jul 21, 2017 1:51am
Quoting bojack34
Billy, if AU has reached it's ADR 20 should I still trade it for +5 ONLY? Not go for the ADR on the other side? Or does taking the adr counter trade option out of the equation screw up all the %'s enough to where I should just leave the entire pair alone for the day?
Dont forget i was primarily looking at ADR to fix a bad trade not as a main trade.
BUT i have been getting requests to show some details, and that i will
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,314
  • Jul 21, 2017 1:52am Jul 21, 2017 1:52am
Quoting bojack34
I'm REALLY hoping that Cable will break the High Trigger first and get rejected by the 00 line just above the tirgger and go full reverse to Lower Trigger for a Counter Trade!! ...once the Lower Trigger is broken there is about 50 pips to the other 00 and around 60 pips before it reaches ADR 20...
yes, that is what we want...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,315
  • Jul 21, 2017 1:54am Jul 21, 2017 1:54am
Hopefully today i can stick some live charts up with different currencies and see how the 04-00 triggers and see if we have any reversals for the adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,316
  • Jul 21, 2017 1:54am Jul 21, 2017 1:54am
Almost ding ding, trade well all and hopefully see you soon when my trades have gone in lol....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,317
  • Edited 2:06am Jul 21, 2017 1:55am | Edited 2:06am
Quoting billytt
{quote} Dont forget i was primarily looking at ADR to fix a bad trade not as a main trade. BUT i have been getting requests to show some details, and that i will
i was thinkin......if I use ADR to fix a bad trade........and fixing a bad trade is a VERY BIG part of my system......and you take that part away.......I lose a big part of my system......so I would be inclined to just stay out..........WHEN IN DOUBT STAY OUT!
  • #20,318
  • Jul 21, 2017 1:55am Jul 21, 2017 1:55am
Quoting StudyFX
USDCAD WH surfing +24.5 pips (-6.7-6.4*2+11.0*4) Sold near WH low. Closed the sell and added 2 buys at WH high. Closed the buy and added 4 sells at WH low. Aimed for more than +5 based on fibs and S+D. TP was reached. USDCAD M5 {image}
good one SFx
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,319
  • Jul 21, 2017 1:56am Jul 21, 2017 1:56am
Quoting billytt
{quote} Dont forget i was primarily looking at ADR to fix a bad trade not as a main trade. BUT i have been getting requests to show some details, and that i will
Morning Mr B . That would be good Nearly time ding ding L.O.L.
  • #20,320
  • Jul 21, 2017 1:59am Jul 21, 2017 1:59am
Cable range is 41, i wont be touching it.. Maybe short it if it drops quickly
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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