Billytt Die happy trading e/j daily breakout | Page 1573 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #31,441
  • Jul 5, 2018 5:48pm Jul 5, 2018 5:48pm
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1 min is funny.
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  • #31,442
  • Jul 5, 2018 6:06pm Jul 5, 2018 6:06pm
Don't normally follow weekly but this is interesting.
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  • #31,443
  • Jul 6, 2018 1:20am Jul 6, 2018 1:20am
Morning Guys a great start to the day with The Dax Lem Monster fight. Price came up towards my area of interest you can see on the hour chart. At the open price gaped up right into the area. So in short and very quick for 6.7 points Yaaaaaaaaaaaay . Remember none farm payroll to day.
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  • #31,444
  • Jul 6, 2018 1:24am Jul 6, 2018 1:24am
Quoting claudia1
{image} 1 min is funny. {image}
Yaaaaay there's a song there Claudia from the sixties Needles and Pinsaaaaaa.
  • #31,445
  • Jul 6, 2018 3:09am Jul 6, 2018 3:09am
morning, i had a visitor so was unable to get in here....
Anyway, Cable bias is Long and i would like it to retrace lol.

08-00 15 min bar break. The Low broke and i got 5%, end of story.

as pointed out by Pip we have NFP later..
If we get a decent spike/movement i might just trade off it, ie retrace
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,446
  • Jul 6, 2018 3:10am Jul 6, 2018 3:10am
Quoting claudia1
{image} 1 min is funny. {image}
i too was watching it, that is an odd thing for me to do but nothing became of it,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,447
  • Jul 6, 2018 3:20am Jul 6, 2018 3:20am
The Billy Bar 8 am to 8:15 am break Low for a few pips.
BUT it also broke Long above the High of the Midnight to 4 am Bar - Not sure if Billy would have also taken this break Long of the Midnight to 4 am bar ?
Is this how you look at that four hour bar Billy.....i.e... Bias Long ?
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every Saint has a past. Every Sinner has a Future
  • #31,448
  • Jul 6, 2018 3:24am Jul 6, 2018 3:24am
Quoting Pipradar
{quote} Yaaaaay there's a song there Claudia from the sixties Needles and Pinsaaaaaa.
lol - speaking of old songs have a look at gold on 60 min.
  • #31,449
  • Jul 6, 2018 3:37am Jul 6, 2018 3:37am
Quoting turnip15
The Billy Bar 8 am to 8:15 am break Low for a few pips. BUT it also broke Long above the High of the Midnight to 4 am Bar - Not sure if Billy would have also taken this break Long of the Midnight to 4 am bar ? Is this how you look at that four hour bar Billy.....i.e... Bias Long ? {image}
Hi Mr T..
08-00 15 break was good as posted, i think it went about 6/7 which was good for my 5%.
Break of the 00-00 4 hour bar was also good..( that made my bias Long)
i was supposed to be looking at that but gave up lol. ( it is a legit method though)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,450
  • Jul 6, 2018 3:39am Jul 6, 2018 3:39am
Quoting turnip15
The Billy Bar 8 am to 8:15 am break Low for a few pips. BUT it also broke Long above the High of the Midnight to 4 am Bar - Not sure if Billy would have also taken this break Long of the Midnight to 4 am bar ? Is this how you look at that four hour bar Billy.....i.e... Bias Long ? {image}
yes Mr T, we have the 00-00 4 hour bar.Once Hi or Lo is broken that determines my bias..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,451
  • Jul 6, 2018 4:00am Jul 6, 2018 4:00am
at 10-00 this is my modest daily range of 90...
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at the moment the uncertainty is, it might keep going to High
But ideally i would like to see a retrace down, to break the 00-00 4 hour bar then drop to the Low level.


edit,,, the 00-00 Low is 13203, so watch that 00
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,452
  • Jul 6, 2018 5:37am Jul 6, 2018 5:37am
Quoting billytt
at 10-00 this is my modest daily range of 90... {image} at the moment the uncertainty is, it might keep going to High But ideally i would like to see a retrace down, to break the 00-00 4 hour bar then drop to the Low level. edit,,, the 00-00 Low is 13203, so watch that 00
Billy - Price seems to be heading lower from high of 00-00 4 hour bar albeit early days yet ?
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every Saint has a past. Every Sinner has a Future
  • #31,453
  • Jul 6, 2018 6:07am Jul 6, 2018 6:07am
Quoting turnip15
{quote} Billy - Price seems to be heading lower from high of 00-00 4 hour bar albeit early days yet ? {image}
Hi Mr T,i nearly said earlier, that it might drop to the 00-00 4 hour bar High and bounce up.It did lol,.

The High and Low are good markers. i would not trade a bounce off teh but we should be aware.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,454
  • Jul 6, 2018 7:27am Jul 6, 2018 7:27am
3 mins to NFP
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,455
  • Jul 6, 2018 7:28am Jul 6, 2018 7:28am
hopefully get the move, stal for a second or two then retrace. hopefully i will be on the retrace trade.... use my fun money
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,456
  • Jul 6, 2018 2:18pm Jul 6, 2018 2:18pm
Hi everyone. Hope you all had a good day.

Won't hang around, as it seems everyone's off watching Brazil implode, lol.

Anyway...DZ options for the day seem to have been short on the ground, with two possibles only. Two from left field as well. GOLD and CJ.

GOLD was possibly the most confident choice, with a Long Bias thrown in...

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(You could also obviously have jumped on board that dip-and-drop up and out of the Supply Zone but that would have been a separate play).

CJ meanwhile would have brought a possible late-in-the-day surf, on the 4th candle, going Long...

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  • #31,457
  • Jul 6, 2018 2:22pm Jul 6, 2018 2:22pm
Quoting lemercenaire
Just before I go, the S&P is setting up for a potential rebound move... {image}
That set-up last night did bring an OK rebound, before doing what the S&P does and trundle on upwards...

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Higher TF info...

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  • #31,458
  • Jul 6, 2018 2:37pm Jul 6, 2018 2:37pm
As for The Monster, Pips played it perfectly and got the best out of it (#1).

The set-up was blatantly obvious, with the gap up into Supply and to a Pivot. Always going to drop. From there, that bar formed an engulfing bar and so the next play would have been to look at a break South (#2), which we got.

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After that, it all seems to have gotten a bit messy and not really somewhere you'd want to hang out in in any serious way until price made its way down to the DPV and you would have looked to play the bounce from there.

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(NB: The candles at the earlier Monster trade time are not the same on this chart here, as this broker does not open their DAX desk until later, so there is no 06:00 - 07:00 bar. This is why I would see no gap up on my own set-up if I only used my own main broker).
  • #31,459
  • Jul 6, 2018 2:48pm Jul 6, 2018 2:48pm
Quoting billytt
hopefully get the move, stal for a second or two then retrace. hopefully i will be on the retrace trade.... use my fun money
This is what happened..
NFP release, it went Long stalled then started to drop. i entered and then it went back up and i was slaughtered lol.

It then dropped again and i re claimed most of the loss. end of story.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,460
  • Jul 6, 2018 2:55pm Jul 6, 2018 2:55pm
Have a grand weekend, all. See you later.

I shall leave you with some good ol' Ry...

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