Billytt Die happy trading e/j daily breakout | Page 1743 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #34,841
  • Oct 22, 2018 8:04am Oct 22, 2018 8:04am
Quoting Hickson
{quote} Not much support left. I just wonder where to get in. It is a straight line ...
Yep Falling Knife comes to mind,,,,,, Sorry that I am in and out today have builders etc messing up the house
Will be the same tomorrow, so I will be in and around but not for any length of time, I can see I have some catch up to do will have a look later green to all
  • #34,842
  • Oct 22, 2018 8:12am Oct 22, 2018 8:12am
EG on the sight, nice opportunity for a little short
  • #34,843
  • Oct 22, 2018 8:16am Oct 22, 2018 8:16am
Quoting Inception12
{quote} Would love to hear more about this trading idea Hickson, i can give it a try.
Two posts above I put it
Fix up, trade sharp ...
  • #34,844
  • Oct 22, 2018 8:24am Oct 22, 2018 8:24am
Quoting Pipradar
{quote} Yep Falling Knife comes to mind,,,,,, Sorry that I am in and out today have builders etc messing up the house Will be the same tomorrow, so I will be in and around but not for any length of time, I can see I have some catch up to do will have a look later green to all
No problem, just drop a hammer if they don't behave lol
Fix up, trade sharp ...
  • #34,845
  • Edited 8:48am Oct 22, 2018 8:30am | Edited 8:48am
Quoting MrGreen95
EG on the sight, nice opportunity for a little short

5 pips locked

out with one - have another at BE
  • #34,846
  • Oct 22, 2018 8:48am Oct 22, 2018 8:48am
Quoting Pipradar
GBP SELL OFF mmmm where too {image}
This sell off looks very tempting, how does one keep their hands and just watch???
  • #34,847
  • Oct 22, 2018 8:53am Oct 22, 2018 8:53am
Quoting Inception12
{quote} This sell off looks very tempting, how does one keep their hands and just watch???

it's too late
  • #34,848
  • Oct 22, 2018 8:54am Oct 22, 2018 8:54am
Quoting Inception12
{quote} This sell off looks very tempting, how does one keep their hands and just watch???
By not knowing how to enter according to their trading rules lol
Fix up, trade sharp ...
  • #34,849
  • Oct 22, 2018 9:03am Oct 22, 2018 9:03am
Quoting claudia1
{quote} The secret is to place orders with s/l and t/p and walk away. I'm not saying I do that as I don't ! Maybe one day. Think on this. Next job for 007 whatever she's called today and basically an extension of the ea. At midnight we know with almost certainty that cable is going to move 80 to 100 in the next 10 to 12 hours. So how do we get say 50% of that move ? We use the ea to open a position at 00.30 again when range is around 5. But where to place stops etc ... I got some thoughts. Any comments ? Trying to achieve one trade a day automated...
Hi Claudia. You don't have to answer this, but in terms of account percentage, what would the 40-50 pips equate to in the above scenario? I still think gaining the 40-50 pips a day can be done by buying/selling when the price breaks the UK open (can use the 8am 15 minute bar if need be). Buy if price goes above, sell if it goes below. Most days this should result in 30-40 pips. SL would just be at the other end of the 15 minute candle. Or it could be countered as well, but I know a lot of people don't like to counter. Or are you specifically looking for a midnight breakout method?
  • #34,850
  • Oct 22, 2018 9:57am Oct 22, 2018 9:57am
Quoting Pipradar
No Dax Monster for me this Morning I was up much toooooo late But It looks like it was a gap up and keep running wow will be interesting to see how New York goes will be watching later'. What I did have a dabble with last night (besides the Night Shift Trade). I took the EUR/JPY gap up to around the Friday H1 Close Pivot High, Shorted and wham took 5 points, ,, I was only going to give it fresh air to go against me L.O.L. I was going to hold out for a break into the gap to close the trade Butttt,,,...
Hi Pips. Our friendly neighbourhood Head does a ''Trading The Weekly Open'' vid every new week.

You can guarantee there will be stats, lol.
  • #34,851
  • Oct 22, 2018 9:59am Oct 22, 2018 9:59am
https://gph.is/KpUZNo
  • #34,852
  • Oct 22, 2018 10:13am Oct 22, 2018 10:13am
Good day to all!

Still learning. Hope /ES mini, another monster, is okay here. Would like to show five trades. Feedback is kindly welcome. Thanks!

A couple of questions.

1) Somewhere read that very often price goes to Daily Pivod throughout a day. I think it said that it was highly probable. How true is it?
2) In the beginning of the thread, someone asked what would happen if we connect Wine Bar with the Billy Candle. Any development of this idea? In particular, curious how Wine Bar acts when it is inside the body or inside a wick?

Happy pips to all!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 373 KB
Buy low, sell high.
  • #34,853
  • Oct 22, 2018 10:14am Oct 22, 2018 10:14am
Quoting claudia1
{quote} The secret is to place orders with s/l and t/p and walk away. I'm not saying I do that as I don't ! Maybe one day. Think on this. Next job for 007 whatever she's called today and basically an extension of the ea. At midnight we know with almost certainty that cable is going to move 80 to 100 in the next 10 to 12 hours. So how do we get say 50% of that move ? We use the ea to open a position at 00.30 again when range is around 5. But where to place stops etc ... I got some thoughts. Any comments ? Trying to achieve[/highlight]...
Actually you don't need to overthink this at all. This is basically a certain method called Buy Zone, albeit with a slight twist.

If you know that price is going to move your 80 - 100 pips in the next whatever time frame, then what to do id at 00:30, just set B+S entries at around 7 pips away.

Add my Frankenbreak-Ultra / GN-Surfing The Alien twist and drop a fib behind that now to show the retrace levels and work with those. They set your Dead -Man Stop and also the counter-trade add-in levels.

I can do that manually without thinking about it but is the logic ea-simple? I'd need to look at what I actually do in my decision-making process.

The add-in levels are where you take the retrace part and add to the pot while it is in profit, close it as it turns. I then add another entry as it turns back in my original direction again but that could e done without if preferable.

I'm not trying to sell people on Buy Zone but it really is one of the most rock-solid churn-out-the-bucks you can get.

The base version bags two or three locked-in pips and that is multiplied over a basket of pairs (admittedly you do need a large account to maximise doing it that way) and as I said before, I allocate one computer set-up to that method all on its own.

Please don't look to start a Buy Zone discussion, as that will not happen over here - you know why. This is just to show the concept has solid form.
  • #34,854
  • Edited 10:30am Oct 22, 2018 10:19am | Edited 10:30am
GU right now m15 in an interesting range. I will look for a long, (buystop 1.29584) first target could be the Z-Line on H4 that correspond to 50 fib level plotting fibo on H4 bar from down to up

Sensei (Lem) what do you think? Is the fibo plotted correctly?
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  • #34,855
  • Oct 22, 2018 10:40am Oct 22, 2018 10:40am
More than 100 in 1 drop. 0 Trades. That sucked. Best I can say is I deleted the sell order that would have been too late to avoid a loss which would have been the ultimate hit. Days like this trading PBs just does not work. Need to add something to get in a move like that, not entirely sure what yet.

Other than that, will run the EA later on UJ again for Lem.
Fix up, trade sharp ...
  • #34,856
  • Oct 22, 2018 10:44am Oct 22, 2018 10:44am
We cant catch them all and we cant pick tops/bottoms so dont feel bad about it. Heads up, patience and be ready for the next one
Necessity knows no law except to conquer
  • #34,857
  • Oct 22, 2018 10:53am Oct 22, 2018 10:53am
Quoting Hickson
More than 100 in 1 drop. 0 Trades. That sucked. Best I can say is I deleted the sell order that would have been too late to avoid a loss which would have been the ultimate hit. Days like this trading PBs just does not work. Need to add something to get in a move like that, not entirely sure what yet. Other than that, will run the EA later on UJ again for Lem.
Been a strange day and my guess was that it was going to be quiet - got that wrong. I know you've been watching it and missing entries all day long. Maybe worth thinking about throwing small buys/sells in just blind - at least you're in the game then and got a position to work/fight with. Just a thought.
  • #34,858
  • Oct 22, 2018 11:07am Oct 22, 2018 11:07am
Quoting lemercenaire
{quote} Actually you don't need to overthink this at all. This is basically a certain method called Buy Zone, albeit with a slight twist. If you know that price is going to move your 80 - 100 pips in the next whatever time frame, then what to do id at 00:30, just set B+S entries at around 7 pips away. Add my Frankenbreak-Ultra / GN-Surfing The Alien twist and drop a fib behind that now to show the retrace levels and work with those. They set your Dead -Man Stop and also the counter-trade add-in levels. I can do that manually without thinking about...
We do know the price is going to move (cable) 80 to 100 so maybe the answer is to just buy/sell at midnight with x stop/take profit. I'll figure it out then go find 007.

No intentions of starting BZ discussions just throwing ideas around.
  • #34,859
  • Oct 22, 2018 11:08am Oct 22, 2018 11:08am
Quoting Hickson
More than 100 in 1 drop. 0 Trades. That sucked. Best I can say is I deleted the sell order that would have been too late to avoid a loss which would have been the ultimate hit. Days like this trading PBs just does not work. Need to add something to get in a move like that, not entirely sure what yet. Other than that, will run the EA later on UJ again for Lem.
Sorry, thick head day - what's ''PB''?

Also, as for getting in on big solid runaway moves, I'd say drop down to low time frames (15 / 10 / 5 / 1) and get in on retrace move(s). Even the strongest of big moves will have some kind of pullback opportunity, even if it's only a Dead Cat Bounce at the very end of the main bar before it continues on.

Use micro S+D and / or 50-Fib retrace levels to help.
  • #34,860
  • Oct 22, 2018 11:11am Oct 22, 2018 11:11am
Quoting claudia1
{quote} We do know the price is going to move (cable) 80 to 100 so maybe the answer is to just buy/sell at midnight with x stop/take profit. I'll figure it out then go find 007. No intentions of starting BZ discussions just throwing ideas around.
Yeah running it off a bracket on the Daily Open is how I run ''that'' method. Filtered as always trade away from Weekly Open.
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