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Billytt Die happy trading e/j daily breakout

  • #29,241
  • May 24, 2018 8:44am May 24, 2018 8:44am
Quoting montego
{quote} Hi Claudia, Glad you had a good time at the races Didnt see your post till after i posted, that cable trade i shorted 4 x 1H bars back, and its been up and down all day, so when i did finally get 18 pips i bottled it lol.
Thanks Claudia and Lem, i was writing while you posted, lol please not the knees there Knackered as it is lol.
  • #29,242
  • May 24, 2018 8:47am May 24, 2018 8:47am
Quoting slowbrain
{quote} Claudia What kind of hints tells you Cable is going back to pivot and not going higher to R1 first before going back to pivot ? SB
Hi SB

Never easy to answer these questions.

Think Montego maybe got out right !

My logic today was a pin on the 1h together with a close below 00.
  • #29,243
  • May 24, 2018 8:51am May 24, 2018 8:51am
Quoting claudia1
{quote} Hi SB Never easy to answer these questions. Think Montego maybe got out right ! My logic today was a pin on the 1h together with a close below 00.
Thanks Claudia ..... i suspect sometimes that you have already tomorrow chart in front of you .....
trying to make everyday the best risk/reward decisions possible
  • #29,244
  • May 24, 2018 8:52am May 24, 2018 8:52am
Quoting slowbrain
{quote} Thanks Claudia ..... i suspect sometimes that you have already tomorrow chart in front of you .....
lol I wish ......
  • #29,245
  • May 24, 2018 8:53am May 24, 2018 8:53am
Quoting montego
{quote} Thanks Claudia and Lem, i was writing while you posted, lol please not the knees there Knackered as it is lol.
Even dropping a fib over the momo bar.

Check the 50...

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Price can't close over it.
  • #29,246
  • May 24, 2018 8:54am May 24, 2018 8:54am
Quoting lemercenaire
{quote} Even dropping a fib over the momo bar. Check the 50... {image} Price can't close over it.
Still not managed it...

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  • #29,247
  • May 24, 2018 9:02am May 24, 2018 9:02am
I was waiting for a bounce back, but then i realized there was strong momentum, so i have entered in Billy's mode, +5 pips

[Be like water my friend] -B.Lee
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  • #29,248
  • May 24, 2018 9:03am May 24, 2018 9:03am
Sooooooooooooo gone now...

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  • #29,249
  • May 24, 2018 9:47am May 24, 2018 9:47am
DAX the monster

lol I didnt trade it. But look at the magic of line....

It bounced right on that line. Magic.

My mind often plays nasty games with me. As if I was going to trade this, I would try to see for more levels between orange line and yellow lines and try to find confirmations (ah nasty mind). Patience is key and trusting what you do. Takes years I think to fully get to that level of waiting such as sniper and taking the right trade. That line was there sitting there. Psychology is key. Training your mind. Teaching your subconscious mind discipline is key too.
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  • #29,250
  • May 24, 2018 9:54am May 24, 2018 9:54am
Quoting slowbrain
{quote} Thanks Claudia ..... i suspect sometimes that you have already tomorrow chart in front of you .....
We got there.
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  • #29,251
  • May 24, 2018 10:03am May 24, 2018 10:03am
Finally closed below and that means it's time for a bounce downward.

I love it when a plan comes together.

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  • #29,252
  • May 24, 2018 10:08am May 24, 2018 10:08am
Quoting lemercenaire
Finally closed below and that means it's time for a bounce downward. I love it when a plan comes together. {image}
Why I got out when I did.

Price gets to the micro Demand Zone.

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I added the 5 min level here for clarity (dotted blue line).

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  • #29,253
  • May 24, 2018 10:11am May 24, 2018 10:11am
I will try to explain what I understood so far of that range comment from Billy.... I think that Billy is saying that if the first 4hours range of the day (00:00 > 04:00AM candle) false breaks short or north, that it has a high of breaking the other side and making 20 pips. What can help even more is that range of those first hours should be small enough. Am I right?

Just what I understood. The concept I mean...
  • #29,254
  • May 24, 2018 10:22am May 24, 2018 10:22am
Quoting samuel2133
I will try to explain what I understood so far of that range comment from Billy.... I think that Billy is saying that if the first 4hours range of the day (00:00 > 04:00AM candle) false breaks short or north, that it has a high of breaking the other side and making 20 pips. What can help even more is that range of those first hours should be small enough. Am I right? Just what I understood. The concept I mean...
Completely wrong he works 04.00 to 08.00. Also on 4h bar your broker time will be more than likely different to his. Work on the last four 1h bars from LO.
  • #29,255
  • May 24, 2018 10:26am May 24, 2018 10:26am
Not talking about the method, specifically. Yes, but he explained something related to 00:00 to 04:00 range. It was today. And he talked about what I said.

Thanks for pointing out the broker time, yes I am aware of that.
  • #29,256
  • May 24, 2018 10:32am May 24, 2018 10:32am
This is what I think he meant. Billy where are you? Yes this is CAD but I think the principle is the same.

I am not talking about the method, I think this is some additional information he uses to counter trade or something. Billyyy.
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  • #29,257
  • May 24, 2018 10:36am May 24, 2018 10:36am
Quoting lemercenaire
{quote} Why I got out when I did. Price gets to the micro Demand Zone. {image} {image} I added the 5 min level here for clarity (dotted blue line). {image}
It's off again...

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  • #29,258
  • Edited 10:50am May 24, 2018 10:37am | Edited 10:50am
Quoting samuel2133
This is what I think he meant. Billy where are you? Yes this is CAD but I think the principle is the same. I am not talking about the method, I think this is some additional information he uses to counter trade or something. Billyyy. {image}
Your notes/stats in your picture are correct but those are for the 04-08 AU Break and NOT the 00-04 bar. If the 04-08 bar breaks a trigger, whether it be the upper or lower trigger and does NOT go for 10 pips and then reverses and breaks the opposite trigger......at that point it has a great chance of getting 20 pips...OR....Daily Range......although he looks for "modest range".....and along the way he uses the 00 lines, DPV etc for "Clues" as to when to EXIT his trade. He doesn't just blindly go for 20 pips or modest daily range.
  • #29,259
  • May 24, 2018 11:12am May 24, 2018 11:12am
Only +5 this time.

Time to stop poking this particular bear.

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  • #29,260
  • May 24, 2018 11:42am May 24, 2018 11:42am
Quoting billytt
{quote} wait until he gets one of these {image} edit,,, i know it is the Dow, somewhere
I make oil paintings like that after a few glasses of vino :-)
every Saint has a past. Every Sinner has a Future
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