Billytt Die happy trading e/j daily breakout | Page 1334 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #26,661
  • Apr 9, 2018 11:55am Apr 9, 2018 11:55am
Quoting turnip15
{quote} Chill with some wine and music https://www.youtube.com/watch?v=09oNj9UYM7g
I got both.
  • #26,662
  • Apr 9, 2018 11:59am Apr 9, 2018 11:59am
Looks like everyone's been having fun today!

Other than reading here, I have no idea what happened today - off to go check.
  • #26,663
  • Apr 9, 2018 11:59am Apr 9, 2018 11:59am
Quoting billytt
Bo, These retrace trades are done primarily off the 04-00 4 hour bar and the 08-00 15 min bar. We are using the UK open volatility to make %% edit, what i am saying is, you cannot do this on any bar as you can be hit with whip
Thanks Billy, it makes total sense. What would be the MAX retrace you would wait for and still trade the original break? -5,-6,-7,......50% of the bar? I'm trying to figure out when is it still good to enter in the original directin and when is it good to just wait for the 2nd trigger? Thanks as always for the explanation. I know that you've always said your favorite range for the 04-00 was 35. So If I wait for it to retrace -10 pips after first trigger........that still leaves me with 25 range which for my bankroll and expect risk%....is too big. I might have to use a max of 20 or 25 pip range and still wait for a -10 pip retrace...........or like you said......just wait for the 2nd trigger since that one has better stats.
  • #26,664
  • Apr 9, 2018 12:00pm Apr 9, 2018 12:00pm
Quoting claudia1
{quote} Not happy out to soon once again. {image}
Just like you said....yesterday Low was reached. Bagging %% is always good though...still nice trading
  • #26,665
  • Apr 9, 2018 12:06pm Apr 9, 2018 12:06pm
Quoting bojack34
{quote} Thanks Billy, it makes total sense. What would be the MAX retrace you would wait for and still trade the original break? -5,-6,-7,......50% of the bar? I'm trying to figure out when is it still good to enter in the original directin and when is it good to just wait for the 2nd trigger? Thanks as always for the explanation. I know that you've always said your favorite range for the 04-00 was 35. So If I wait for it to retrace -10 pips after first trigger........that still leaves me with 25 range which for my bankroll and expect risk%....is...
Honestly, the best way to trade a retrace is to just bring a chart up (any good mover) and see if it has broken a high/low and retraced, the more the better and then enter the direction of the actual trigger.
you will then make XXX AND the +5 as well.
obviously i only do it with Cable but back in the old days with A/U and E/J
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,666
  • Apr 9, 2018 12:08pm Apr 9, 2018 12:08pm
Quoting bojack34
{quote} Thanks Billy, it makes total sense. What would be the MAX retrace you would wait for and still trade the original break? -5,-6,-7,......50% of the bar? I'm trying to figure out when is it still good to enter in the original directin and when is it good to just wait for the 2nd trigger? Thanks as always for the explanation. I know that you've always said your favorite range for the 04-00 was 35. So If I wait for it to retrace -10 pips after first trigger........that still leaves me with 25 range which for my bankroll and expect risk%....is...
once a retrace is on, we do not know how far it will go, we may have clues but quite often it is as simple as a stop then reverse back
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,667
  • Apr 9, 2018 1:36pm Apr 9, 2018 1:36pm
Got ya back to the beginning
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  • #26,668
  • Apr 9, 2018 2:28pm Apr 9, 2018 2:28pm
4200 next stop ?
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  • #26,669
  • Apr 9, 2018 3:01pm Apr 9, 2018 3:01pm
Well, that all looks ship-shape and Bristol fashion...carry on...

Inserted Video
  • #26,670
  • Apr 9, 2018 3:07pm Apr 9, 2018 3:07pm
Almost forgot...please tell me you got some of this, Mr-T?

Attached Image (click to enlarge)
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  • #26,671
  • Apr 10, 2018 12:13am Apr 10, 2018 12:13am
t 08-12
morning all...
i will be trading Cable off the 08-00 15 minute bar break.
Bias is Long but that means nothing yet.

i trade off Lines not thought? i wnt it to drop though lol yaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,672
  • Apr 10, 2018 12:19am Apr 10, 2018 12:19am
Dax, the 08-00 5 bar High broke, got q good hand full...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,673
  • Apr 10, 2018 12:21am Apr 10, 2018 12:21am
t 08-20 it looks like i will be countering cable.

the range is 12 but i will adjust it to 15 to make it more traceable
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,674
  • Apr 10, 2018 12:24am Apr 10, 2018 12:24am
'Morning Billy and all the happy crew.

DAX was looking like a move South was the call for the off trigger and to cut a long story short, that's what we got. +5%

At the point I printed this, I was long gone out of the trade and price had actually returned up and then dropped for a second time shown here.

DAX 06:00 - 08:00 (Done WZ Short) +5%
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I had inked that up before I remembered to add the 2-Hr block overlay and I went back to do so. In the seconds it took to realise this, well, things had changed somewhat, lol.

Attached Image (click to enlarge)
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Hey, it's The Monster. That's what it does!
  • #26,675
  • Apr 10, 2018 12:24am Apr 10, 2018 12:24am
t 08-23

i have a counter running. so -18 (includes last weeks -6)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,676
  • Apr 10, 2018 12:26am Apr 10, 2018 12:26am
A couple of higher time-frame overviews.

Attached Image (click to enlarge)
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  • #26,677
  • Apr 10, 2018 1:00am Apr 10, 2018 1:00am
Cable t 08-55
I got 5% off the High break. and i took 8 off the -18.
so now -10 , all in hand.

The break of the 08-00 15 bar almost immediately broke the High of the 04-00 4 hour bar.
i have done for the day unless i see a drop down to break 08-00 15 bar again and 04-00 & 00-00 4 hour bars.

i am working in my GFs garden as she needs a composter building and i shall be earning points lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,678
  • Apr 10, 2018 1:36am Apr 10, 2018 1:36am
This is the plan...
gf is out and i have just had 3 sausage sandwiches. i would of said butties but i am trying to be posh.
AND a cafetiere of coffee ( still drinking it).

In a few minutes it is Hi HOOOOOOOOOOOO off to work i go in the garden.....
even if it rains i will carry out the task
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,679
  • Apr 10, 2018 1:54am Apr 10, 2018 1:54am
right, it is garden time and it is raining.
Maybe Mr T can come and help......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,680
  • Apr 10, 2018 4:18am Apr 10, 2018 4:18am
composter is almost complete.
i used 7 pallets lol, making 2 compartments. no lid yet and i will surround external with rush type fencing.
it was just a case of screwing them together and cutting out compost removal shutter/door.
hey presto
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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