Billytt Die happy trading e/j daily breakout | Page 1562 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #31,221
  • Jun 29, 2018 2:55am Jun 29, 2018 2:55am
Quoting billytt
{quote} My FF has been freezing. Lem i agree with you regarding wick zone, it is good. I thought that guy was slagging off the small wicks which i trade . Having said that, i don't actually trade the wicks, i trade the break and it either carries on in that direction or i get 5 lol. If i am wrong i will gladly apologise to him.
He was having an in joke with those of us who fly to and hang out in ''The Other Galaxy''. He is an abductee.

Interesting that there has been a video by The Head Alien posted to illustrate Frequency Distribution. Will also be interesting to see if it's allowed to stay there.

If it is, then Hell has indeed frozen over.
  • #31,222
  • Jun 29, 2018 2:56am Jun 29, 2018 2:56am
No Monster for you this morning, Pips?
  • #31,223
  • Jun 29, 2018 3:23am Jun 29, 2018 3:23am
The Monster's Upper ADR is overlapping a good, solid Supply Zone and price is cruising up there just now.

Will it get there?

If it does, then there's potential for a drop to be cashed in on.

Won't be for me, I'm done. However, worth bearing in mind for those who stick around.

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  • #31,224
  • Jun 29, 2018 3:25am Jun 29, 2018 3:25am
Quoting lemercenaire
The Monster's Upper ADR is overlapping a good, solid Supply Zone and price is cruising up there just now. Will it get there? If it does, then there's potential for a drop to be cashed in on. Won't be for me, I'm done. However, worth bearing in mind for those who stick around. {image}
Two things to bear in mind on that, however.

Price will be above yesterday's High.

We are already trading in the Upper WZ.
  • #31,225
  • Jun 29, 2018 3:25am Jun 29, 2018 3:25am
Red news coming for Cable.

I'm gone.

Catch y'all later.
  • #31,226
  • Jun 29, 2018 3:36am Jun 29, 2018 3:36am
Red news indeed, up it went to my mdr lol.

i have a counter on it and wasnt prepared to add another trade.
If i had , it would of been good lol. IF .
i don't trade with IF .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,227
  • Jun 29, 2018 3:41am Jun 29, 2018 3:41am
excellent move north with Cable, i wasnt with it.
I have a counter on it also with A/U . my day is done and i am going to hit the sun.
Take care all and trade well. i may pop in
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,228
  • Jun 29, 2018 3:53am Jun 29, 2018 3:53am
Quoting billytt
{quote} Hi Kev, welcome back. Cornwall is a beautiful place indeed.
Hi Billytt.
Nice Avatar.
We love Cornwall, and Devon.
went to a different beach every day, plenty of rock pools lol.
Drove over 400 miles yesterday, so stopping in today for a rest.
Its red hot here though so that could change.
Have a good day
Regards
Kev
  • #31,229
  • Jun 29, 2018 5:18am Jun 29, 2018 5:18am
Well, whaddayaknow!

Closing down the trading computers for the day (did get a nice 1-2-3 away from the ADR and Supply on The Monster) and hey, ho...get the "Update and Shut Down" option.

B****y Windows!!!

Finally off to the sun. Going 'doon the waatter'.

Lovely.
  • #31,230
  • Jun 29, 2018 6:12am Jun 29, 2018 6:12am
Hello guys! How are you?

What happened tonight on the EUR?
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  • #31,231
  • Jun 29, 2018 7:18am Jun 29, 2018 7:18am
Quoting lemercenaire
No Monster for you this morning, Pips?
Not today LEM L.O.L. NOT FOR THE WANT OF TRYING, Hit the button = NADA NOTHING, all froze for about 30 seconds, then flakey there was no way soooooo thought mmmm Leave it its been a great week why have more probs than you get anyway L.O.L. So had some breaky a cuppa and a walk in the sun shine yeeehaaa. Catch you later
  • #31,232
  • Jun 29, 2018 7:27am Jun 29, 2018 7:27am
Quoting MrGreen95
Hello guys! How are you? What happened tonight on the EUR? {image}
Hi Mr G, i believe a few pairs moved.
i do not what happened nor did i look. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,233
  • Jun 29, 2018 7:28am Jun 29, 2018 7:28am
i have been in the garden taking in the sun.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,234
  • Jun 29, 2018 7:36am Jun 29, 2018 7:36am
Quoting lemercenaire
Anyone else having issues with Chrome? Mine was fine until they apparently ''fixed'' an issue some users were having!
I reluctantly switched to opera about 6 months ago. Old computer + 2 MT4 + 6 chrome windows was just too much. Machine hasn't been near as resource depleted since. I still prefer chrome but have gotten comfortable with opera now.
Blessed is the one who takes refuge in Him.
  • #31,235
  • Jun 29, 2018 7:57am Jun 29, 2018 7:57am
Quoting MrGreen95
Hello guys! How are you? What happened tonight on the EUR? {image}
Merkel happened.
  • #31,236
  • Jun 29, 2018 8:38am Jun 29, 2018 8:38am
+5 on UJ breakout pre NY open with 2nd position runner.

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Thanks again to Billy, Lem and all others who contribute knowledge to the thread.
Blessed is the one who takes refuge in Him.
  • #31,237
  • Jun 29, 2018 11:23am Jun 29, 2018 11:23am
Quoting reo4ua
+5 on UJ breakout pre NY open with 2nd position runner. {image} Thanks again to Billy, Lem and all others who contribute knowledge to the thread.
Nicely done.

Here's something that may be of interest to you (and others) and it's the kind of set-up you will find if you trade the extremes as you are doing here.

You are looking for momentum to break a level. In the first chart, the large range bull candle breaks and sets off. Once it does whatever it's going to do - and you get your ''normal'' trade in, we look for the drop back. Price will look to return to that marked level.

I won't go into any more detail on how to enter or how to manage trades that come here but just looking at this, I am sure you can figure it out (hint...look at the lower time-frames).

Attached Image (click to enlarge)
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Momentum break, drop back, retest, off we go...

It can retest again and again in some cases, though exhaustion will eventually overcome the action.

If you read between the lines on the thread, you will see this kind of thing going on in and around all our methods, mine especially. Claudia uses a similar entry method with her Daily Pivots in place of the Line. We don't make a big thing of it. It just is.

It can, however make a good stab at being a standalone method all on its own.

Also, if you think laterally, then instead of using it as a way of entering a new trade, it can also be a way of exiting or taking profits when you are already in another trade.
  • #31,238
  • Jun 29, 2018 12:19pm Jun 29, 2018 12:19pm
Quoting lemercenaire
{quote} Nicely done. Here's something that may be of interest to you (and others) and it's the kind of set-up you will find if you trade the extremes as you are doing here. You are looking for momentum to break a level. In the first chart, the large range bull candle breaks and sets off. Once it does whatever it's going to do - and you get your ''normal'' trade in, we look for the drop back. Price will look to return to that marked level. I won't go into any more detail on how to enter or how to manage trades that come here but just looking at this,...
One more thing about the above and another use for it, is as a way to add-in to an established move - stacking.
  • #31,239
  • Jun 29, 2018 12:34pm Jun 29, 2018 12:34pm
Quoting lemercenaire
{quote} Nicely done. Here's something that may be of interest to you (and others) and it's the kind of set-up you will find if you trade the extremes as you are doing here. You are looking for momentum to break a level. In the first chart, the large range bull candle breaks and sets off. Once it does whatever it's going to do - and you get your ''normal'' trade in, we look for the drop back. Price will look to return to that marked level. I won't go into any more detail on how to enter or how to manage trades that come here but just looking at this,...

Thanks for the advice Lem - will go back and study the chart this weekend looking at the points you brought up. I must admit that I am trading (demo) this from a mostly non-discretionary angle right now - trend and breakout of the pre market range are really all I'm considering - I want to convince myself that it really is that simple. One of you mentioned somewhere among the 700 pages that this method is a 70% winner @ ~5 pips tp. I was 7 for 7 last week not really looking hard to find the setups.

Since I don't 100% understand price action yet - I can read candles for the most part but structure I sometimes struggle with (with this trade on the 15m chart I was telling myself after entering that it wasn't going to break the 2 previous matching highs). Over thinking it a bit I guess. However had I entered my 2nd position on the retrace to the median level of the range (as you suggest above), I could have collected ~6 more pips than what I did on that one.

As far as pivots go, I rarely enter a trade on the higher time frames without the weekly fib pivots present - this is the only S/R I use other than eyeball levels I might spot. I almost always set tp levels using pivots - not saying it's right but it's worked well for me.

The feedback is much appreciated and helps more than you know.

God bless and have a great weekend!
Blessed is the one who takes refuge in Him.
  • #31,240
  • Jun 29, 2018 12:47pm Jun 29, 2018 12:47pm
Haven't had much time to post of late but Been Lurking and reading, Good weekend to all
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