Billytt Die happy trading e/j daily breakout | Page 1813 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #36,241
  • Nov 20, 2018 10:00am Nov 20, 2018 10:00am
Quoting turnip15
{quote} No trading today but Lem reminded me of this old video on breakouts: (Get rid of the AD at the beginning) watch
Nice vid. Here a guy calls it an Initial Balance, trades it on USDJPY and uses it all day long,

https://www.forexfactory.com/showthr...48#post9114848
Buy low, sell high.
  • #36,242
  • Nov 20, 2018 5:44pm Nov 20, 2018 5:44pm
Quoting HappyMan
{quote} Nice vid. Here a guy calls it an Initial Balance, trades it on USDJPY and uses it all day long, https://www.forexfactory.com/showthr...48#post9114848
Initial balance is not exactly the same thing though it is useful to understand what goes on over those time slots.

I've even got an Indi for it somewhere.

Dennis really knows his stuff.
  • #36,243
  • Nov 20, 2018 6:26pm Nov 20, 2018 6:26pm
Quoting HappyMan
{quote} Standard settings of Ichi? 9, 26, 52, 26?
(For me) 9, 26, 52, 0.
  • #36,244
  • Nov 20, 2018 7:09pm Nov 20, 2018 7:09pm
Quoting HappyMan
{quote} I've heard about the wonderful world of Japanese delight, i.e. Ichi. Have been waiting for a faithful friend, a Greek Kharon, to lead me over there into the country of the Rising Sun. Is this the thread? https://www.forexfactory.com/showthread.php?t=583609 Would be good to release all that hidden treasuries in your head ;-) Surely, many would benefit. Should we start with where you usually enter? I figured Mr. T and you prefer breakouts after failed attempts in[/highlight]...
Yep, that's the thread.

Rocky shows a specific way to trade the cloud and Mr-T follows that path - at least initially.

The simplest way is, as you say, short below, long above and I will use it as a way to judge overall bias, often on a higher time frame. It's a very straightforward indicator in a sense, as price is very obviously either inside the cloud or not.

That being said, my entry will track across from my other methods and involve pullbacks and momentum, Z-Lines and Wicks etc. It's all about layers upon layers.
  • #36,245
  • Nov 21, 2018 2:55am Nov 21, 2018 2:55am
Cable is too "whippy" for me and trying Dax break above "whippy " range ( or "Ugly" chart action as described in another thread)
E/J might be a candidate for a trade?
Dax edit -11166 is new stop...poor price action?
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30_20181121_08.52.png Size: 132 KB
every Saint has a past. Every Sinner has a Future
  • #36,246
  • Nov 21, 2018 2:58am Nov 21, 2018 2:58am
The E/J.....Not traded by me so far.....broke up for ten then dropped back. If still held it would be threatening a stop out for a small loss.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_JPY_20181121_08.56.png Size: 145 KB
every Saint has a past. Every Sinner has a Future
  • #36,247
  • Nov 21, 2018 3:01am Nov 21, 2018 3:01am
Quoting turnip15
Cable is too "whippy" for me and trying Dax break above "whippy " range ( or "Ugly" chart action as described in another thread) E/J might be a candidate for a trade? {image}
Yeah, it is hard to trade ... tried one for a BO over pivot ... - 10 ... short was the right trade ... maybe it was too obvious lol ... was looking for a chance to test the 1.2840 area. Might better pass on this, it is not high probability ...
Fix up, trade sharp ...
  • #36,248
  • Nov 21, 2018 3:25am Nov 21, 2018 3:25am
Quoting turnip15
Cable is too "whippy" for me and trying Dax break above "whippy " range ( or "Ugly" chart action as described in another thread) E/J might be a candidate for a trade? Dax edit -11166 is new stop...poor price action? {image}
Dax -stopped out - loser -7 pips.
Brent 1 minute price "whippy" - to me at any rate.
E/J drifting sideways on 1 minute
Cannot get a handle on anything -if nothing turns up by ten am I shall stop as usual for the day.
Will sit and wait awhile.
Don't like losing days but they happen
every Saint has a past. Every Sinner has a Future
  • #36,249
  • Nov 21, 2018 3:26am Nov 21, 2018 3:26am
Quoting turnip15
{quote} Dax -stopped out - loser -7 pips. Brent 1 minute price "whippy" - to me at any rate. E/J drifting sideways on 1 minute Cannot get a handle on anything -if nothing turns up by ten am I shall stop as usual for the day. Will sit and wait awhile. Don't like losing days but they happen
Yeah, might not trade tomorrow ... looks like liquidity is out of the markets for the week.
Fix up, trade sharp ...
  • #36,250
  • Nov 21, 2018 3:29am Nov 21, 2018 3:29am
Quoting Hickson
{quote} Yeah, might not trade tomorrow ... looks like liquidity is out of the markets for the week.
Bank Holiday in the USA tomorrow I believe.
every Saint has a past. Every Sinner has a Future
  • #36,251
  • Nov 21, 2018 3:31am Nov 21, 2018 3:31am
Quoting turnip15
{quote} Bank Holiday in the USA tomorrow I believe.
Yes, the Yankees gotta stuff their fat bellies with turkey. Hence the fat money is not in the markets too lol
Fix up, trade sharp ...
  • #36,252
  • Nov 21, 2018 3:32am Nov 21, 2018 3:32am
Here's one for the FTSE fans -not many here, including me, seem to trade it. It was actually a better trade of the bunch thus far :-)
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE 100_20181121_09.30.png Size: 142 KB
every Saint has a past. Every Sinner has a Future
  • #36,253
  • Nov 21, 2018 3:35am Nov 21, 2018 3:35am
Quoting turnip15
Here's one for the FTSE fans -not many here, including me, seem to trade it. It was actually a better trade of the bunch thus far :-) {image}
Good you caught some. EURUSD had a nice setup for short at 1.1401, but not filled ... a stop entry would have been better here. The loser on GBPUSD filled though barely a touch at the high of the day ... one of those days I guess ...
Fix up, trade sharp ...
  • #36,254
  • Nov 21, 2018 3:36am Nov 21, 2018 3:36am
More like it Daxy
EDIT closed...not risking my profit...look left possible support
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30_20181121_09.36.png Size: 137 KB
every Saint has a past. Every Sinner has a Future
  • #36,255
  • Nov 21, 2018 3:46am Nov 21, 2018 3:46am
Dax = 13 pips profit. ( Gratefully snatched which means it might go lower now)
Cable and Yen are on the move now but I have to go. Mrs T's birthday so we are off out shortly. See you next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP_USD_20181121_09.42.png Size: 149 KB
Click to Enlarge Name: EUR_JPY_20181121_09.42.png Size: 155 KB
every Saint has a past. Every Sinner has a Future
  • #36,256
  • Nov 21, 2018 3:47am Nov 21, 2018 3:47am
Quoting turnip15
Dax = 13 pips profit. ( Gratefully snatched which means it might go lower now) Cable and Yen are on the move now but I have to go. Mrs T's birthday so we are off out shortly. See you next week. {image} {image}
Cheers T, have good one! Enjoy.
Fix up, trade sharp ...
  • #36,257
  • Nov 21, 2018 3:48am Nov 21, 2018 3:48am
Quoting turnip15
More like it Daxy EDIT closed...not risking my profit...look left possible support {image}
Dax when I left today - bet it drops when I am not here
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30_20181121_09.46.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
  • #36,258
  • Nov 21, 2018 4:00am Nov 21, 2018 4:00am
Quoting Hickson
{quote} Cheers T, have good one! Enjoy.
Last thing - I was writing how I was looking at Brent on demo on the one minute chart.
Just noticed that whilst the one minute was "whippy"- the 5 minute chart shows a tight range ! Maybe the 5 minute should be an overall guide?

Definitely going now -bye and have a good weekend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Oil - Brent Crude_20181121_09.56.png Size: 168 KB
Click to Enlarge Name: Oil - Brent Crude_20181121_09.57.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
  • #36,259
  • Nov 21, 2018 4:06am Nov 21, 2018 4:06am
Quoting turnip15
{quote} Last thing - I was writing how I was looking at Brent on demo on the one minute chart. Just noticed that whilst the one minute was "whippy"- the 5 minute chart shows a tight range ! Maybe the 5 minute should be an overall guide? Definitely going now -bye and have a good weekend. {image} {image}
Yeah, I am often tracking the M5 ... M1 is for entries ... wtf cable ... happy weekend lol
Fix up, trade sharp ...
  • #36,260
  • Nov 21, 2018 4:29am Nov 21, 2018 4:29am
Daily loss limit hit. Sky ist still blue though. Suceed or die trying, but cannot force it today. Thread will be abandoned for a while ...
Fix up, trade sharp ...
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