Billytt Die happy trading e/j daily breakout | Page 1456 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #29,101
  • May 23, 2018 8:48am May 23, 2018 8:48am
Quoting lemercenaire
I went looking for something topped or tailed by S+D. Came up with GN and AU. AU was better spread-wise, so I took that. I ran it as a hybrid, not interested in going short, so waited for the drop through and then took it as it bounced from the Demand Zone and back up through the DZ range. {image} For the record, here's GN... {image}
I then added a little jam on top...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1couldn'tresistalittlejam23rdMay18outofDZsetup.png Size: 32 KB
  • #29,102
  • May 23, 2018 8:49am May 23, 2018 8:49am
That's me for the day.

Strange goings on out there today.

Time for some sun.
  • #29,103
  • May 23, 2018 8:52am May 23, 2018 8:52am
Quoting Inception12
{quote} One small question Billy regarding the AU 4 hr candle breakout....i understand why the 04-08 breakout works since London is just opening with all the new money, am wondering why the 00-04 breakout candle works as well. Is there something specific that happens at 4am down under?/
The 00-00 to 04-00 is usually a shorter range so therefore easier to trade,,BUT subject to whip. (whip kills)

You can even change the bar from 02-00 to 06-00..

the 04-00 4 hr bar, it includes the Frankie open and it is sort of waiting to be busted lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,104
  • May 23, 2018 8:53am May 23, 2018 8:53am
Quoting Inception12
{quote} One small question Billy regarding the AU 4 hr candle breakout....i understand why the 04-08 breakout works since London is just opening with all the new money, am wondering why the 00-04 breakout candle works as well. Is there something specific that happens at 4am down under?/
It's the 4pm fix down under.
  • #29,105
  • May 23, 2018 8:54am May 23, 2018 8:54am
Quoting Inception12
{quote} One small question Billy regarding the AU 4 hr candle breakout....i understand why the 04-08 breakout works since London is just opening with all the new money, am wondering why the 00-04 breakout candle works as well. Is there something specific that happens at 4am down under?/
It has been noted by myself and books, the Asian session usually moves opposite to London break.
That does not bother me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,106
  • May 23, 2018 8:55am May 23, 2018 8:55am
Quoting lemercenaire
That's me for the day. Strange goings on out there today. Time for some sun.
tell me about it lol...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,107
  • May 23, 2018 9:03am May 23, 2018 9:03am
Long long ago, I think I remember asking about a 16:00 GU trade setup. Maybe, I just dreamt it lol, maybe it doesnt exist, can't really remember ... But I am sure it was in this thread. ... Something related to banks...

Billy? Lem? Any idea
  • #29,108
  • May 23, 2018 9:08am May 23, 2018 9:08am
Quoting lemercenaire
I went looking for something topped or tailed by S+D. Came up with GN and AU. AU was better spread-wise, so I took that. I ran it as a hybrid, not interested in going short, so waited for the drop through and then took it as it bounced from the Demand Zone and back up through the DZ range. {image} For the record, here's GN... {image}
Now that am caught up with all the main breakout methods, next up is the supply and demand trades. If i can get those and mix and match with my other methods then i can confidently start target trading for 5% like you pros.....After going through a gazillion forums on FF, this is so far the best thread that has consistent daily pips
  • #29,109
  • May 23, 2018 9:10am May 23, 2018 9:10am
Quoting samuel2133
Long long ago, I think I remember asking about a 16:00 GU trade setup. Maybe, I just dreamt it lol, maybe it doesnt exist, can't really remember ... But I am sure it was in this thread. ... Something related to banks... Billy? Lem? Any idea
yes,on the same day i lent you £50 remember lol....

it is the 4 0 clock fix, used globally by banks etc.

google 4-00 pm fix and you will get a better explanation than from me..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,110
  • May 23, 2018 9:12am May 23, 2018 9:12am
Quoting Inception12
{quote} Now that am caught up with all the main breakout methods, next up is the supply and demand trades. If i can get those and mix and match with my other methods then i can confidently start target trading for 5% like you pros.....After going through a gazillion forums on FF, this is so far the best thread that has consistent daily pips
AND we don't bill you too much... Did Lem not tell you lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #29,111
  • May 23, 2018 9:18am May 23, 2018 9:18am
Quoting billytt
{quote} yes,on the same day i lent you £50 remember lol.... it is the 4 0 clock fix, used globally by banks etc. google 4-00 pm fix and you will get a better explanation than from me..
Execution of foreign exchange transactions at a fixed market benchmark rate is common amongst institutional investors. Appeal lies in the fact that, particularly when tracking benchmark indices in other asset classes, currency conversion can be performed by the same underlying FX rates as employed by their target index. Furthermore, aggregation of fixing trades by market makers prior to execution increases liquidity, which, in theory, enables clients to trade large FX amounts at a trusted rate. Fixing trades therefore enable clients to trade without having to worry about best execution, such that they do not have to minimise the risk of moving the price when transacting in the market. Moreover, as a market fix is uniform across providers, it is also intended to build trust in client/provider relationships, as a clearly defined and measurable service arises.
The currently most important benchmark rate is the World Market Reuters 4pm London fix (WM/R 4pm fix), which accounts for approximately 1-2% of the total $2 trillion daily volume in the FX spot market.
The WM/R 4pm fixing rate is determined using the methodology described in Section 2. It is based on the last trade prices as well as the last best bid and offer quotes at the end of each one second interval between 15:59:30 to 16:00:30 GMT. Therefore, to achieve the WM/R 4pm fix rate, service providers execute their fixing orders within this 60 second interval.'
  • #29,112
  • May 23, 2018 9:19am May 23, 2018 9:19am
Quoting billytt
{quote} yes,on the same day i lent you £50 remember lol.... it is the 4 0 clock fix, used globally by banks etc. google 4-00 pm fix and you will get a better explanation than from me..
Billy, thanks buddy
  • #29,113
  • May 23, 2018 9:23am May 23, 2018 9:23am
Quoting samuel2133
Long long ago, I think I remember asking about a 16:00 GU trade setup. Maybe, I just dreamt it lol, maybe it doesnt exist, can't really remember ... But I am sure it was in this thread. ... Something related to banks... Billy? Lem? Any idea
Yep, it was based off of Claudia's GBP Fix. It settled on a break of the 17:00 candle.

I ran it for a while as Billy's Afternoon Delight....B*A*D.

It does work, I just kept forgetting about it because of the weird time, lol.

EDIT: It runs on Cable. Just in case that's not obvious.
  • #29,114
  • May 23, 2018 9:25am May 23, 2018 9:25am
Quoting Inception12
{quote} Now that am caught up with all the main breakout methods, next up is the supply and demand trades. If i can get those and mix and match with my other methods then i can confidently start target trading for 5% like you pros.....After going through a gazillion forums on FF, this is so far the best thread that has consistent daily pips
S+D is the secret sauce (for me, anyway).

Also, always remember that WZ is based of the concept that wicks are mini Supply+Demand Zones.

Wheels within wheels.
  • #29,115
  • May 23, 2018 9:41am May 23, 2018 9:41am
Quoting bojack34
{quote} Execution of foreign exchange transactions at a fixed market benchmark rate is common amongst institutional investors. Appeal lies in the fact that, particularly when tracking benchmark indices in other asset classes, currency conversion can be performed by the same underlying FX rates as employed by their target index. Furthermore, aggregation of fixing trades by market makers prior to execution increases liquidity, which, in theory, enables clients to trade large FX amounts at a trusted rate. Fixing trades therefore enable clients to trade...
Thanks. ...........Oh this is bojack, long time no see. Hope everything is good with life/trading.
  • #29,116
  • May 23, 2018 9:50am May 23, 2018 9:50am
Quoting samuel2133
{quote} Thanks. ...........Oh this is bojack, long time no see. Hope everything is good with life/trading.
  • #29,117
  • May 23, 2018 10:00am May 23, 2018 10:00am
Quoting Inception12
{quote} Now that am caught up with all the main breakout methods, next up is the supply and demand trades. If i can get those and mix and match with my other methods then i can confidently start target trading for 5% like you pros.....After going through a gazillion forums on FF, this is so far the best thread that has consistent daily pips
Yes, but if I should add..... Maybe the third point.... Keep the exact same discipline (max $$ loss per day that you can afford before stopping, same entry rules, etc...etc...) after a loss. This is maybe the most important rule.

Remember that the best salesman are the ones that go from one NO to the other, while keeping the same discipline. For an outsider, it might look desperate, the person must say, this guy is losing his time and will never sell it. But the salesman knows his stats, he knows he will make his quota for the day after a hundred NO. He will not try to sell another product after a few no's, he will not become pushy to sell fast, etc.... He will keep doing it as he trusts his stats and knows that discipline pays off at the end.

What helped me even more is going back to the first page of this thread and reading through, also writing down what I should do today, the exact tasks, the charts I will open (and stick to them), writing my stats as percentage/pips but not focusing on them, writing goals, I focus more on doing what I planned to do than on money progress...

Keep at it
  • #29,118
  • Edited 10:21am May 23, 2018 10:10am | Edited 10:21am
Quoting samuel2133
{quote} For an outsider, it might look desperate, the person must say, this guy is losing his time and will never sell it. But the salesman knows his stats, he knows he will make his quota for the day after a hundred NO.
I am struggling every single day against my parents, because they say I am loosing my life and my time in front of the PC doing trading. They say it only because I haven’t earned a lot of money... notice I trade with micro lots and it is very hard to grow up the account with 0.01 and 5 pips tp . At this time with what I have learned here, also trading with 0.50 I could have earned at least 1000 euro. I have already did the 100% (on250 euro) but with another method... medium/long term trading

You know trading it’ very hard and stressful. Imagine if while trading your mom and your dad would say to you, 4/5 times a day everyday that you are a looser and you are loosing your time. It would be 10x harder keep on going.

If only I had the money for trade... ohh what a satisfaction would be. I’d shut them up in 5 days
  • #29,119
  • May 23, 2018 10:35am May 23, 2018 10:35am
Quoting billytt
{quote} Silence?? is that the market or in here.... i have no idea what is happening in the world. Busy in the garden sorting out a new fence. The guy in the attic is moaning, if he carries on i'll drag him down/out.
The guy in the Attic is getting Attic'd L.O.L.
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  • #29,120
  • Edited 12:05pm May 23, 2018 11:51am | Edited 12:05pm
Quoting lemercenaire
{quote} Yep, it was based off of Claudia's GBP Fix. It settled on a break of the 17:00 candle. I ran it for a while as Billy's Afternoon Delight....B*A*D. It does work, I just kept forgetting about it because of the weird time, lol. EDIT: It runs on Cable. Just in case that's not obvious.
HI lem is it just the brake of 5pm 1 hour candle ? and +5 pips Tp ?
Cheers.
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