Billytt Die happy trading e/j daily breakout | Page 1410 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #28,181
  • May 14, 2018 2:38am May 14, 2018 2:38am
Well, that was a weird one.

Here's what I thought happened: Gap open of new bar...go in Long...see price stalling and faffing around...bail with +2%. Fair enough. Price then turned and continued on down, so good call.

As such, I printed up this chart...

DAX 06:00 - 08:00 (As I thought it was). +2%
Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX06.00-08.00took2percentlongtobesafe14thMay18crop_LI.jpg Size: 865 KB


However...when I checked my numbers on the actual ticket. Nope...I had around +4%. Oh-kaaayyy...

Long story, short, it seems I managed to bag a price a lot lower down than I had thought I had. Well, all right, then ...

Sooooooo...

Here's the chart as I actually played it...apparently, lol.

DAX 06:00 - 08:00 (As it was). +4%
Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX06.00-08.00took4percentasitturnedout14thMay18crop_LI.jpg Size: 864 KB




If by any chance, I had found myself stuck in a counter, all would have been fine, as price did eventually drop and break the low of the 2hr block and as I tend to counter off the 07:55 bar, I would have more than covered any negative.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX06.00-08.00wouldhavehadtheshortbreakalso14thMay18crop.png Size: 23 KB



(Interestingly, if I drop to the m5 chart, you can see where I actually got my entry - it's only on the H1 one that it gets a bit funky.)
  • #28,182
  • May 14, 2018 2:42am May 14, 2018 2:42am
I tend to agree with Billy. Trading looks a bit...off...today.

I may watch for a bit before deciding on any Dead Zone action. For now, I'm off.

Be safe, folks.
  • #28,183
  • May 14, 2018 3:10am May 14, 2018 3:10am
Quoting slowbrain
{quote} YES ... +5 {image}

nice one bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,184
  • May 14, 2018 3:11am May 14, 2018 3:11am
Back,,,, lol

Dax low break was good, just watched.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,185
  • May 14, 2018 3:26am May 14, 2018 3:26am
1st,,, i am not speaking after the event lol.....

i said my bias was Long based off the 00-00 4 hour bar.
The 00-00 High broke high then reversed to break the low ( it then went back up )

A stat is a stat and in the future what actually happened today will be classed as a fail.
BUT the original BIAS FOR LONG was based off the 04-00 4 hour bar breaking the 00-00 bar BY ONE PIP)

i am only too glad i wasn't fixing a bad trade as i would of had problems, yaaaaaaaaaaaaaay...

But that 08-00 15 min bar was far too big a range for me.
See you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,186
  • May 14, 2018 3:29am May 14, 2018 3:29am
Quoting billytt
Back,,,, lol Dax low break was good, just watched.
Me too, lol...

I always keep one eye open for a TooSlow 1-2-3 once the first action from The Monster is over.

Today, we got a hefty push down and right into a major Demand Zone. Too good to let go begging.

Started off nicely enough...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1perfect1-2-3May14th18.png Size: 30 KB


Then it got kinda' funky!!!

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1as1-2-3boomingon-four-14thMay18.png Size: 31 KB


I may just be done for the day now, lol.
  • #28,187
  • Edited 6:11am May 14, 2018 5:59am | Edited 6:11am
Hello guys... subscribed and reading
  • #28,188
  • May 14, 2018 6:17am May 14, 2018 6:17am
What timeframe do you prefer for monitor the daily breakout? m1? m5?
  • #28,189
  • May 14, 2018 7:02am May 14, 2018 7:02am
Quoting MrGreen95
Hello guys... subscribed and reading
Hello and welcome, ask questions and we will help.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,190
  • May 14, 2018 7:09am May 14, 2018 7:09am
Quoting MrGreen95
What timeframe do you prefer for monitor the daily breakout? m1? m5?
The name of the thread is Trading E/J daily Breakout,, but we have not done that for a long time,,,,lol.

But this is what i did,
we have a High and a Low.
As soon as we have a break we enter. i never ever looked at any other time frame.

i honestly think if i looked at other time frames i had more work to do, i kept it simple .

i suppose looking at other time frames can be used effectively, but i had a very high strike rate...
I
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,191
  • May 14, 2018 7:11am May 14, 2018 7:11am
Quoting lemercenaire
Well, that was a weird one. Here's what I thought happened: Gap open of new bar...go in Long...see price stalling and faffing around...bail with +2%. Fair enough. Price then turned and continued on down, so good call. As such, I printed up this chart... DAX 06:00 - 08:00 (As I thought it was). +2% {image} However...when I checked my numbers on the actual ticket. Nope...I had around +4%. Oh-kaaayyy... Long story, short, it seems I managed to bag a price a lot lower down than I had thought I had. Well, all right, then ... Sooooooo... Here's the...
Morning all ;

I just want to understand the trade management here.... In case, you had a loser, would you close it at the break of the 2h candle low? Question in attached file Thanks Lem
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-05-14 at 12.11.59 PM.png Size: 354 KB
  • #28,192
  • May 14, 2018 7:12am May 14, 2018 7:12am
Quoting MrGreen95
What timeframe do you prefer for monitor the daily breakout? m1? m5?
After the Daily Break, it evolved into the 04-00 4 hour bar break mainly using A/U , this too was very effective..
AND then, i started trading off the 08-00 15 min bar break.This has a strike rate of approx 60/65% but small range and it is easy to fix....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,193
  • May 14, 2018 7:19am May 14, 2018 7:19am
Quoting MrGreen95
What timeframe do you prefer for monitor the daily breakout? m1? m5?
AND THEN WE HAVE,,,,, drrrrrrrrrrrrrrrrrrrr drrrrrrrrrrrrrrrrrr drum roll
Lem and Co methods and all very good .
AND Claudia the Queen of FF..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,194
  • May 14, 2018 7:21am May 14, 2018 7:21am
Well, here we could had 2 potential trades. EUR/USD - m1. The green line is the previous day high, TP 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 34 KB
  • #28,195
  • May 14, 2018 7:25am May 14, 2018 7:25am
EUR/AUD - M1
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.PNG Size: 46 KB
  • #28,196
  • May 14, 2018 7:29am May 14, 2018 7:29am
Quoting billytt
{quote} AND THEN WE HAVE,,,,, drrrrrrrrrrrrrrrrrrrr drrrrrrrrrrrrrrrrrr drum roll Lem and Co methods and all very good . AND Claudia the Queen of FF..
Am new to the forum as well and ive been trying to catch up but reading 1400 pages aint easy. Thank you for that refresher. My question however is what's the 04 stand for in 04-00 4 hour bar break
  • #28,197
  • May 14, 2018 7:29am May 14, 2018 7:29am
Quoting billytt
{quote} After the Daily Break, it evolved into the 04-00 4 hour bar break mainly using A/U , this too was very effective.. AND then, i started trading off the 08-00 15 min bar break.This has a strike rate of approx 60/65% but small range and it is easy to fix....

08-00 15 min bar break? Do you mean you was searching starting from 8:00 AM to 24:00 the breakouts of 15 minutes bar?
  • #28,198
  • May 14, 2018 7:30am May 14, 2018 7:30am
Quoting MrGreen95
Well, here we could had 2 potential trades. EUR/USD - m1. The green line is the previous day high, TP 5 pips {image}
That looks like a double trade..

I personally would not do that as that is the way to be burned..
I am not suggesting it is wrong as bounces can be traded, especially off pivots,00 etc but not for me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,199
  • May 14, 2018 7:34am May 14, 2018 7:34am
Quoting Inception12
{quote} Am new to the forum as well and ive been trying to catch up but reading 1400 pages aint easy. Thank you for that refresher. My question however is what's the 04 stand for in 04-00 4 hour bar break
Hi.

This is the H4 bar that begins at 4:00 am uk time. So 04:00 to 08:00 bar.
  • #28,200
  • May 14, 2018 7:35am May 14, 2018 7:35am
Quoting MrGreen95
{quote} 08-00 15 min bar break? Do you mean you was searching starting from 8:00 AM to 24:00 the breakouts of 15 minutes bar?
As I answered the last question about time and bars, I'll chuck this one in for free as well.

The 08:00 bar is the 8:00 am bar uk time. So traded as the 08:00 to 08:15 bar. The break of same.
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