Billytt Die happy trading e/j daily breakout | Page 1446 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #28,901
  • May 21, 2018 6:50am May 21, 2018 6:50am
Quoting samuel2133
{quote}{quote} Yes buddy. I am not touching another trade now. On another subject, hardest thing when not trading is related to my sugar free diet. When not trading or being busy with charts or having an occupation, I am tempted to take some icecream lol... hard. I go to gym but that's only 1 hour. lots of free time
GET NEWTS,,,,,,lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,902
  • May 21, 2018 6:50am May 21, 2018 6:50am
Quoting billytt
Quoting samuel2133
{quote} Good point here Mr Green. GU So here you go. I took 4 times the loss size. In my mind it has to bounce back, as it always does. If we were in a crash scenario, I would have margin call. But since no red news today and holidays, I thought it won't move that much past 13400. Why did I take that many buys? -Well, close to round number 13400 (first time we touch it since a long time, so must have a reaction there) -We have already been going down during the night so a retrace was due. What I would have done differently
...
Interesting, where would you enter the counter when it crosses back your entry point?
  • #28,903
  • May 21, 2018 6:55am May 21, 2018 6:55am
I have just been pinged...

even though i made 2% originally TODAY WAS A FAIL,
IN FACT A DOUBLE FAIL. it happens.

LOOK AT THE 04-00 4 bar lol......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,904
  • May 21, 2018 6:55am May 21, 2018 6:55am
catch you later.....................
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,905
  • May 21, 2018 7:01am May 21, 2018 7:01am
Quoting samuel2133
{quote}{quote} Interesting, where would you enter the counter when it crosses back your entry point?
Hi, if that question for me.....

I entered Long and then it retraced down to break Low. MY METHOD I SHOULD OF USED COUNTER.

i was not going to play with an 8 range bar so i manually made it bigger to 15.(trigger at 03) if i remember.
The only trouble then the 00.

BUT WE HAD THE 04-00 4 bar.
I actually made on it but am not speaking about it lol.
FOR MY STATS....TODAY WAS A DOUBLE FAIL.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,906
  • May 21, 2018 7:01am May 21, 2018 7:01am
Quoting billytt
I have just been pinged... even though i made 2% originally TODAY WAS A FAIL, IN FACT A DOUBLE FAIL. it happens. LOOK AT THE 04-00 4 bar lol......
Ok I am not alone in this double fail, then. I thought it was a double fail but having confirmation is good.
Let's have it tomorrow then. Later Billy
  • #28,907
  • May 21, 2018 7:07am May 21, 2018 7:07am
Quoting samuel2133
{quote}{quote} Interesting, where would you enter the counter when it crosses back your entry point?
i have posted what i should of done on paper but here it is again...#


High ,entered and Failed.
Low triggered , so i put counter on and a second trade. ( i still want 5%)
The Low Failed so i did another counter on the High.NO 3RD TRADE.

above is what should of happened BUT I DID NOT DO THAT..
i manually made the range 15 (NOT 8) this was enough for me to see we have a whip day.
i got 2% off the long then got out...

Later on it broke the manual 15 range and i shorted....this was based off the 04-00 4 bar. i had the odds.. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,908
  • May 21, 2018 7:08am May 21, 2018 7:08am
catch you later, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,909
  • May 21, 2018 7:17am May 21, 2018 7:17am
Quoting billytt
catch you later, take care
Later buddy
  • #28,910
  • May 21, 2018 7:43am May 21, 2018 7:43am
The power of trendlines.

I see a nice flag.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.PNG Size: 50 KB
  • #28,911
  • May 21, 2018 11:08am May 21, 2018 11:08am
omg why do i keep thinking it is Friday.....
gf is out doing yoga or masseur, i am not sure.

i keep asking her to let me buy a new wooden wardrobe but i cannot seem to get an answer off her.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,912
  • May 21, 2018 11:09am May 21, 2018 11:09am
i was out on myt bike (push bike) and we had a shower.
It was wonderful riding in warm rain lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,913
  • May 21, 2018 12:54pm May 21, 2018 12:54pm
Quoting MrGreen95
UC Dead Zone, +5.9 pips Why my bias was for a long: Price made triple bottom on DPV and notiche the marubozu back,these candles often occurs for break important levels, so more worth to the triple bottom. Price was far from the Weekly Open Maybe only luck {image} {image}
I have a marubozu head
  • #28,914
  • May 21, 2018 12:58pm May 21, 2018 12:58pm
Quoting Inception12
Just wrestled another 5 pips from the usdcad deadzone.....hope i got it right lem {image}
Just tell me the play you ran and I'll let you know, no worries.

You can run The Dead Zone...you can run a WZ trade...you can run a WZ trade in The Dead Zone.

I'm just joshing...it's been a long day, lol.

I just mean I'm not sure exactly what move you took. Let me know and I can talk you through it.
  • #28,915
  • May 21, 2018 1:08pm May 21, 2018 1:08pm
Quoting billytt
{quote} i have posted what i should of done on paper but here it is again...# High ,entered and Failed. Low triggered , so i put counter on and a second trade. ( i still want 5%) The Low Failed so i did another counter on the High.NO 3RD TRADE. above is what should of happened BUT I DID NOT DO THAT.. i manually made the range 15 (NOT 8) this was enough for me to see we have a whip day. i got 2% off the long then got out... Later on it broke the manual 15 range and i shorted....this was based off the 04-00 4 bar. i had the...

Hi Billy, can you please explain this?

Do you mean trade number 3 when the low fails? Or do you mean not 3rd trade (if not third, what is it?)

Regards
Double the account
  • #28,916
  • May 21, 2018 1:11pm May 21, 2018 1:11pm
Quoting samuel2133
{quote}{quote} Yes buddy. I am not touching another trade now. On another subject, hardest thing when not trading is related to my sugar free diet. When not trading or being busy with charts or having an occupation, I am tempted to take some icecream lol... hard. I go to gym but that's only 1 hour. lots of free time
That's WHY I trade
  • #28,917
  • May 21, 2018 1:54pm May 21, 2018 1:54pm
Quoting MrGreen95
The power of trendlines. I see a nice flag. {image}
The thing with flags...they can often blow over your eyes and you can't see what's in front of you.

You will notice one thing on this thread. We don't - in general - follow candlestick patterns as such. Yes we know what a doji is, or a pin...we may even do a dark engulfing cloud or two. However, you won't hear us rabbit on about flags and pennants and unless you add volume data to these patterns, they are not necessarily indicative of much of anything anyway.

What you should be paying attention to is the Pivot Line.

When we get price banging on through that line with a reasonable amount of oomph and close on the other side, then we look for a retrace back toward the Pivot. We look for a test of that line and a move back away from it in the original direction.

Yes, in this case price didn't get all the way back to the line, however we can use a fib over the set-up candle (the one that broke the line) and then look for price to get back to the 50% level. In this way, we create a kind of trigger-zone, where we can look to enter.

In the chart below, the candle #1 is the bar that breaks and closes over - the bar #2 is the retrace - and the arrow shows the direction we are looking to enter.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedUClessonintradingaline21stMay18crop_LI.jpg Size: 674 KB


Now, this again, is getting into another method and I really don't want to clutter up Billy's house any more, however in this case, it does give an insight into the kind of information Billy, Claudia and myself will be looking at (candle #2 is after all, a retrace WZ move back into the body of candle #1).

What we have here are wheels within wheels. Linked DNA and overlapping concepts.

It may at first glance seem like we are running all sorts of stuff here but in reality, we are all related at some level.
  • #28,918
  • May 21, 2018 2:14pm May 21, 2018 2:14pm
Quoting lemercenaire
{quote} That's WHY I trade
Yes Lem as soon as I stop worrying while trading, I can fully enjoy that free time i have. For the time being, I am more of using my free time reading and watching charts. lol and I have been trading for almost a year. I am a slow learner.
  • #28,919
  • May 21, 2018 2:18pm May 21, 2018 2:18pm
Quoting lemercenaire
{quote} The thing with flags...they can often blow over your eyes and you can't see what's in front of you. You will notice one thing on this thread. We don't - in general - follow candlestick patterns as such. Yes we know what a doji is, or a pin...we may even do a dark engulfing cloud or two. However, you won't hear us rabbit on about flags and pennants and unless you add volume data to these patterns, they are not necessarily indicative of much of anything anyway. What you should be paying attention to is the Pivot Line. When we get price banging...
I'd go with that.
  • #28,920
  • May 21, 2018 2:20pm May 21, 2018 2:20pm
Quick check of The Dead Zone (on UC, as that's where all the cool kidz hang) and without going into it in any detail, it is obvious that you would have bagged the percents playing it pretty much any way you wanted it.

Attached Image (click to enlarge)
Click to Enlarge Name: DeadZoneUC21stMay18-playitanywayyouwantit.png Size: 40 KB


Any excuse for some music...

Inserted Video
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