Billytt Die happy trading e/j daily breakout | Page 1548 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #30,941
  • Jun 21, 2018 10:50am Jun 21, 2018 10:50am
13270 might be a resistance before a drop, but i could do with it dropping in 7 mins after the 18-00 1 hour bar closes.
don't ask why lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,942
  • Jun 21, 2018 10:57am Jun 21, 2018 10:57am
Quoting billytt
{quote} Once the other end breaks after a retrace we can then see the range because we already have the hi/lo to work off.
I have to admit here that this is a concept that transfers very well over to The DAX Monster set-up and especially helps hugely if I have to unwind a counter.
  • #30,943
  • Jun 21, 2018 10:59am Jun 21, 2018 10:59am
i am trying my best not to speak of scalp lines, yeah right.
But Cable did have a short one approx 30 mins ago for 9.
at this moment a long line cannot be added, but maybe later.
am hoping it will drop lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,944
  • Jun 21, 2018 10:59am Jun 21, 2018 10:59am
Longest day today people....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,945
  • Jun 21, 2018 11:02am Jun 21, 2018 11:02am
Quoting slowbrain
{quote} a question : Did you take into account the retracement if any before to get + 5 ? on my personal stat ( E/J daily break) often you have retracement > -25 before to reach +5 or +20 ......
No matter what the answer - and I haven't read that yet - the way I get over this kind of thing when running 1-2-3, especially on my Higher time-frame variants, is that I enter a counter on the retrace part and as soon as it goes into positive territory, I never let it go negative. That way, you are protected if it did by any chance Black Swan you and break all the way through and even if not, you will have bagged a handy number of pips while price makes up its mind to get you your +5.

You do have to be at the screens however!
  • #30,946
  • Jun 21, 2018 11:03am Jun 21, 2018 11:03am
Quoting lemercenaire
{quote} I have to admit here that this is a concept that transfers very well over to The DAX Monster set-up and especially helps hugely if I have to unwind a counter.
i thought you would have this sort of info in your bag of trick.
maybe in next post i will explain to people
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,947
  • Jun 21, 2018 11:27am Jun 21, 2018 11:27am
Modest Daily Range. Part 1.
Today UK time.
Cable 00-00 4 hour bar.
open at 13172. high was 13174 & low 13158

Lets make my modest daily range 100 so it is easier to workout.
Add 100 to Low so 13158 +100 = 13258....... 13258 is the top of the 100 range.
Minus 100 from High so 13174 -100 = 13074 .... 13074 is the bottom of the 100 range.
FORGET THE OPEN PRICE.
so now we have the modest 100 daily range figures.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,948
  • Jun 21, 2018 11:30am Jun 21, 2018 11:30am
Modest Daily Range part 2,

so what happens now?. ( forget about short range days for now) which do happen.
From the close of the 00-00 4 hour bar it can move up 100 OR down 100.

we now wait for that 00-00 4 hour bar High/Low to be broken.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,949
  • Jun 21, 2018 11:37am Jun 21, 2018 11:37am
Modest daily Range part 3.
The 00-00 4 hour bar Low broke,,, BUT WE DO NOT KNOW HOW FAR IT IS GOING TO DROP????
Attached Image


A = the bar that broke the 00-00 4 hour bar low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,950
  • Jun 21, 2018 11:55am Jun 21, 2018 11:55am
Modest Daily range part 4.
As the trigger bar drops we add 100 to the price to see where the modest daily range high will be.
This is difficult to do constantly unless you have the software. AND NO, I AM NOT SELLING IT lol
so as an example ,
lets say it drops to 13150... we then add 100 (for modest range ) to 13150.... so 13150 +100 =13250, this is now the new High for mdr
Attached Image

so now we adjust the high to,,,, see chart below, it has been adjusted , but difficult to see
Attached Image



edit, i cannot show my software shots as i do not want to get caught, hence the quality of my posts.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,951
  • Jun 21, 2018 12:03pm Jun 21, 2018 12:03pm
Modest Daily Range part 5
Make story short,, it dropped to 13102.... so add 100 to 13102 for mdr High, 13102 + 100 = 13202
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,952
  • Jun 21, 2018 12:10pm Jun 21, 2018 12:10pm
Quoting billytt
Modest Daily range part 4. As the trigger bar drops we add 100 to the price to see where the modest daily range high will be. This is difficult to do constantly unless you have the software. AND NO, I AM NOT SELLING IT lol so as an example , lets say it drops to 13150... we then add 100 (for modest range ) to 13150.... so 13150 +100 =13250, this is now the new High for mdr {image} so now we adjust the high to,,,, see chart below, it has been adjusted , but difficult to see {image} edit, i cannot show my...
A way for those who don't have the software to approximate this without having to constantly add numbers, is to build a box in mt4 the size of the range (so in this eg, 100), don't ''fix'' the box (so don't get rid of the little white corner markers) and simply keep sliding it along with the moving price.
  • #30,953
  • Jun 21, 2018 12:12pm Jun 21, 2018 12:12pm
Modest Daily Range part 6.

we are either trading the break of the 00-00 4 hour bar or not.
sometimes it breaks and keeps going and sometimes it breaks then retraces,
This happens and of course we do not know what will happen.
This example and it did happen and i did trade trade it but that's irrelevant .
It dropped 56 points and then started to retrace....
If in a trade , either hold or close, we do not know what is going to happen.
BUT IT KEPT RETRACING UP,,,, AND... WHAT HAPPENED?????
IT BROKE THE 00-00 4 HOUR BAR.
looking at chart and the mdr high, we can see we had a possible 28 points to get.

WHICH WE DID, IT MADE A LOT MORE.
THAT IS MODEST DAILY RANGE.
i mainly use it to fix bad trade and mainly after the 00-00 4 hour bar retraces.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,954
  • Jun 21, 2018 12:13pm Jun 21, 2018 12:13pm
Quoting lemercenaire
{quote} A way for those who don't have the software to approximate this without having to constantly add numbers, is to build a box in mt4 the size of the range (so in this eg, 100), don't ''fix'' the box (so don't get rid of the little white corner markers) and simply keep sliding it along with the moving price.
nice one, thanks for the input
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,955
  • Jun 21, 2018 12:23pm Jun 21, 2018 12:23pm
Quoting billytt
{quote} nice one, thanks for the input
No worries. So long as it could maybe help.
  • #30,956
  • Jun 21, 2018 12:39pm Jun 21, 2018 12:39pm
Quoting lemercenaire
{quote} No worries. So long as it could maybe help.
yes, it is all to do with helping others, make life easier too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,957
  • Jun 21, 2018 12:42pm Jun 21, 2018 12:42pm
catch you later, i have a fire to attend.
a longest day fire yoooooooooooooooo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #30,958
  • Jun 21, 2018 12:48pm Jun 21, 2018 12:48pm
Quoting billytt
catch you later, i have a fire to attend. a longest day fire yoooooooooooooooo
Sounds cool!
  • #30,959
  • Jun 21, 2018 12:49pm Jun 21, 2018 12:49pm
Whaddayareckon? Bounce or push through?

Or one, then the other?

Attached Image (click to enlarge)
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  • #30,960
  • Jun 21, 2018 12:53pm Jun 21, 2018 12:53pm
Well, this is going to go somewhere...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1wellit'sgoingtogosomewhere21stJune18.png Size: 30 KB


HOLO entry from a 1-2-3 set-up.
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