Billytt Die happy trading e/j daily breakout | Page 1329 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #26,561
  • Apr 6, 2018 8:09am Apr 6, 2018 8:09am
This is going to explode at some point.

I'm done for the week will hold bitcoin over weekend see where we go.
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  • #26,562
  • Apr 6, 2018 8:51am Apr 6, 2018 8:51am
Quoting claudia1
This is going to explode at some point. I'm done for the week will hold bitcoin over weekend see where we go. {image}
Easy one just watched it.
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  • #26,563
  • Apr 6, 2018 9:43am Apr 6, 2018 9:43am
Quoting claudia1
{quote} Easy one just watched it. {image}
you make it look so easy claudia lol, did you enter as the long broke the box You had drawn ?
  • #26,564
  • Apr 6, 2018 9:49am Apr 6, 2018 9:49am
Quoting montego
{quote} you make it look so easy claudia lol, did you enter as the long broke the box You had drawn ?
Just look for the consolidation then put orders either side of the box.
  • #26,565
  • Apr 6, 2018 9:55am Apr 6, 2018 9:55am
Quoting claudia1
{quote} Just look for the consolidation then put orders either side of the box.
Thanks Claudia
  • #26,566
  • Apr 6, 2018 10:03am Apr 6, 2018 10:03am
Quoting montego
{quote} Thanks Claudia
Here's another good example - i didn't take this and didn't take the e/j - but again order either side. and boom. Just have to wait for the set up.
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  • #26,567
  • Apr 6, 2018 10:35am Apr 6, 2018 10:35am
Quoting claudia1
{quote} Here's another good example - i didn't take this and didn't take the e/j - but again order either side. and boom. Just have to wait for the set up. {image}
what about that fake break to the upside? do you use a buffer? That fakeout to the top woudl have triggered any pending long and then price went down.
  • #26,568
  • Apr 6, 2018 11:10am Apr 6, 2018 11:10am
Quoting claudia1
{quote} Here's another good example - i didn't take this and didn't take the e/j - but again order either side. and boom. Just have to wait for the set up. {image}
Nice Claudia !
  • #26,569
  • Apr 6, 2018 11:25am Apr 6, 2018 11:25am
Quoting bojack34
{quote} what about that fake break to the upside? do you use a buffer? That fakeout to the top woudl have triggered any pending long and then price went down.
Chart was maybe badly drawn but posted as a concept.

So let's say the long was triggered would the short not have covered it ?

That's the point behind orders either side how you manage a trade is up to you.

Give 100 chefs same recipe you will get 100 different dishes.
  • #26,570
  • Apr 6, 2018 12:42pm Apr 6, 2018 12:42pm
Quoting claudia1
{quote} Chart was maybe badly drawn but posted as a concept. So let's say the long was triggered would the short not have covered it ? That's the point behind orders either side how you manage a trade is up to you. Give 100 chefs same recipe you will get 100 different dishes.
Very true, good point. TY
  • #26,571
  • Apr 6, 2018 1:37pm Apr 6, 2018 1:37pm
Here's an old one Lem take us into the weekend.
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  • #26,572
  • Apr 6, 2018 1:44pm Apr 6, 2018 1:44pm
Quoting bojack34
{quote} what about that fake break to the upside? do you use a buffer? That fakeout to the top woudl have triggered any pending long and then price went down.
Hi Bo. I don't want to step on Claudia's toes and so I hope she will indulge me but it's an interesting topic in general, I think.

There are ways that can go some way toward protecting you against fakeouts. One such is to wait till price gets near one of your lines (and this is assuming you will enter manually, by the way, not on an order) and then drop down a tf. You now wait for a close over and retest of that level before you enter (I know you know this stuff, this is for others). That keeps you out of fakeouts. The payoff on these things is obviously that you can miss out on a bullrush of a move that just breaks with huge momo and keeps on going.

One of the head beings also summed up a very good way of defining a method of finding and trading an area of contraction and that is to look for a grouping of opens and closes and then trade away from them. You can use a SweetSpots indi to define lines for you if you are unsure or unwilling to trust your own measurements for a box.

Which direction? Well, look for momo. If we're working the H1, what is the H4 colour? Trading the colour of the H4 candle down on the lower timeframe(s) mean that we are in effect trading away from the open of said H4 candle.

Lol, I didn't get to trade this afternoon...my head is full of ''stuff''!
  • #26,573
  • Apr 6, 2018 1:47pm Apr 6, 2018 1:47pm
Quoting claudia1
Here's an old one Lem take us into the weekend. https://www.youtube.com/watch?v=jREUrbGGrgM
Oh yeah!!! I have an old LP of a live show where they team up with Bob Dylan and this is one of the standout tracks on it. Haven't heard it in ages!!! Thanks!
  • #26,574
  • Apr 6, 2018 1:49pm Apr 6, 2018 1:49pm
Quoting lemercenaire
{quote} Oh yeah!!! I have an old LP of a live show where they team up with Bob Dylan and this is one of the standout tracks on it. Haven't heard it in ages!!! Thanks!
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  • #26,575
  • Apr 6, 2018 1:53pm Apr 6, 2018 1:53pm
Quoting lemercenaire
{quote} Oh yeah!!! I have an old LP of a live show where they team up with Bob Dylan and this is one of the standout tracks on it. Haven't heard it in ages!!! Thanks!
I, on the other hand, will throw out something a tad more, err...raw

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  • #26,576
  • Apr 6, 2018 1:56pm Apr 6, 2018 1:56pm
Quoting lemercenaire
{quote} Hi Bo. I don't want to step on Claudia's toes and so I hope she will indulge me but it's an interesting topic in general, I think. There are ways that can go some way toward protecting you against fakeouts. One such is to wait till price gets near one of your lines (and this is assuming you will enter manually, by the way, not on an order) and then drop down a tf. You now wait for a close over and retest of that level before you enter (I know you know this stuff, this is for others). That keeps you out of fakeouts. The payoff on these things...
Great advice, I never thought about dropping down a level and waiting for the close over and then retest and enter..........thanks lem! I really like the Close over, retest and enter strategy when it comes to almost everything...................wait for the direction to be established and then wait for a "better price" (pullback) and then enter........."The Barefoot Kicker"
  • #26,577
  • Apr 6, 2018 2:02pm Apr 6, 2018 2:02pm
Ok...here's some chill from the Chief Parrothead...I just love this guy.

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  • #26,578
  • Apr 6, 2018 2:04pm Apr 6, 2018 2:04pm
Anyway, folks. It's been grand but it's time to be off.

Haven't even checked any charts. May get round to it tomorrow...see JB rubs off on you ...Boat Drinks!
  • #26,579
  • Apr 6, 2018 2:05pm Apr 6, 2018 2:05pm
Quoting lemercenaire
Anyway, folks. It's been grand but it's time to be off. Haven't even checked any charts. May get round to it tomorrow...see JB rubs off on you ...Boat Drinks!
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  • #26,580
  • Apr 6, 2018 2:13pm Apr 6, 2018 2:13pm
My new friend is looking good in consol and tradable all weekend. If it goes wrong who is to blame ?
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