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Billytt Die happy trading e/j daily breakout

  • #36,661
  • Dec 9, 2018 6:44am Dec 9, 2018 6:44am
Quoting billytt
Quoting HappyMan
{quote} Hi Billy, Hope all is well. ADR is probably the best out there. Though, sometimes I am wondering what to do when the price does not reach daily ADR by several pips in one direction and goes in the opposite one? How to protect/hedge against that? One way is a protective stop at the opposite extreme of the previous candle. There could be other solutions. quote] 00-00 4 hour candle. I traded it like this... example...If the High Broke , it would move up x amount........ BUT i NOW WANT THE RETRACE DOWN.... I NOW WANT
...
Let's see if I am getting it right. On the chart, the second, upper breakout (#2) should be equal or bigger than the first, lower breakout (#1)? SP500, H4, yellow line - NY open.
Attached Image (click to enlarge)
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Buy low, sell high.
  • #36,662
  • Dec 9, 2018 6:48am Dec 9, 2018 6:48am
Quoting billytt
Quoting HappyMan
{quote} Hi Billy, Hope all is well. ADR is probably the best out there. Though, sometimes I am wondering what to do when the price does not reach daily ADR by several pips in one direction and goes in the opposite one? How to protect/hedge against that? One way is a protective stop at the opposite extreme of the previous candle. There could be other solutions. My way is to stick a counter on as i am not a (STOP) person lol. i will post charts later We may get the High Break then a retrace. But even then it might drop and
...
I am all ears, especially about "stick a counter". Looking forward to some "charts". Those High and Low are the High and Low of the breakout bars and not of the 00:00 4H bar, correct?
Buy low, sell high.
  • #36,663
  • Dec 9, 2018 7:00am Dec 9, 2018 7:00am
Quoting HappyMan
{quote}{quote} Let's see if I am getting it right. On the chart, the second, upper breakout (#2) should be equal or bigger than the first, lower breakout (#1)? SP500, H4, yellow line - NY open. {image}
the 00-00 4 hour candle is the Red candle after the 2 green's.. with green line at top and red line at bottom? yes ....

If so, the low broke then we had a retrace to break the High and it did make the adr High.

ALSO , the second candle after the 00-00 WAS AN INSIDE BAR, yaaaaaaaaaaaaaaaaaaaaaay

keep asking questions..

edit....After the high it then retraced again to break the 00-00 4 hour bar Low to actually make the adr Low.

Obviously this happens. Just keep counting howe many pips are running.
for instance with G/U we can have (BIG MOVES).. more than the adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,664
  • Dec 9, 2018 7:04am Dec 9, 2018 7:04am
Quoting HappyMan
{quote}{quote} I am all ears, especially about "stick a counter". Looking forward to some "charts". Those High and Low are the High and Low of the breakout bars and not of the 00:00 4H bar, correct?


erm. i trade off the 00-00 4 hour bar High/Low only..
Keep it simple...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,665
  • Dec 9, 2018 7:09am Dec 9, 2018 7:09am
Quoting billytt
{quote} the 00-00 4 hour candle is the Red candle after the 2 green's.. with green line at top and red line at bottom? yes .... If so, the low broke then we had a retrace to break the High and it did make the adr High. ALSO , the second candle after the 00-00 WAS AN INSIDE BAR, yaaaaaaaaaaaaaaaaaaaaaay keep asking questions.. edit....After the high it then retraced again to break the 00-00 4 hour bar Low to actually make the adr Low. Obviously this happens. Just keep counting howe many pips are running. for instance with G/U we can have (BIG MOVES).....
What is the significance of inside bars? Remember reading something earlier in the thread about inside hourly bars after a momo (momentum, long) bar but could not find an explanation.
Buy low, sell high.
  • #36,666
  • Dec 9, 2018 9:32am Dec 9, 2018 9:32am
'Kin' gnomes..........:
Attached Image
every Saint has a past. Every Sinner has a Future
  • #36,667
  • Dec 9, 2018 12:51pm Dec 9, 2018 12:51pm
Quoting HappyMan
{quote} What is the significance of inside bars? Remember reading something earlier in the thread about inside hourly bars after a momo (momentum, long) bar but could not find an explanation.
WHATS THE SIGNIFICANCE OF INSIDE BARS ???
Attached Image


lol.

Daily & 4 hour ibs are good to trade off.
An area of uncertainty waiting to be broken.
Not 100% to win but good..
So your example showed the Break of Low After ib Low had broken nice drop , then retrace and went up for adr,
i will post some charts,,,
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,668
  • Dec 9, 2018 1:05pm Dec 9, 2018 1:05pm
Chase the ADR..
Next examples are from last week (6 trade days)
Attached Image

this onefrom last Fri, i like because n we can say it Failed..
The Low broke then we had retrace for High to break...
IT ONLY MADE ABOUT 7/8 POINTS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,669
  • Dec 9, 2018 1:07pm Dec 9, 2018 1:07pm
chase the adr
cable last week , i think Thurs.
Attached Image

The Low broke then we had the retrace to make the adr.
a good move
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,670
  • Dec 9, 2018 1:08pm Dec 9, 2018 1:08pm
Chase the adr.
Attached Image

Cable, another from last week .
Low broke then we had retrace to hit the adr, nice move
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,671
  • Dec 9, 2018 1:10pm Dec 9, 2018 1:10pm
chase the adr
again cable, this might be 6th trade day away.
Attached Image

High broke then retrace to break low.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,672
  • Dec 9, 2018 1:14pm Dec 9, 2018 1:14pm
i just showed you several example from 6 trading days.
I did not have to look far.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,673
  • Dec 9, 2018 1:15pm Dec 9, 2018 1:15pm
Quoting turnip15
'Kin' gnomes..........: {image}
naughty elf
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,674
  • Dec 9, 2018 1:19pm Dec 9, 2018 1:19pm
Quoting billytt
i just showed you several example from 6 trading days. I did not have to look far.
Preach! Let us see what will happen tomorrow ... still not looking bullish to me ...
Fix up, trade sharp ...
  • #36,675
  • Dec 9, 2018 1:29pm Dec 9, 2018 1:29pm
Quoting Hickson
{quote} Preach! Let us see what will happen tomorrow ... still not looking bullish to me ...

It is a good bar,

Like i say, it isnt always a straight forward trade but perfectly trade able for my style.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,676
  • Edited 10:52pm Dec 9, 2018 10:41pm | Edited 10:52pm
another early morning...

Cable,
The 00-00 4 hour bar (00-00 to 04-00 am)

High is 12756----------- Low 12717..... 39 range.
The High has not yet broke, it might not.
We want the high to break then retrace to break low.

yes we have a 00 close by.
Trade well all.


edit,,, cable ADR for previous 5 days (excluding Sunday) =125.... (not my modest range).
I AM STILL NOT TRADING.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,677
  • Dec 9, 2018 10:42pm Dec 9, 2018 10:42pm
i cannot post any charts yet as this Pc doesn't allow it , lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,678
  • Dec 9, 2018 10:55pm Dec 9, 2018 10:55pm
Cable,,,,
We are on inside bars on the Daily.... hmmmmmmmmm
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,679
  • Dec 9, 2018 11:03pm Dec 9, 2018 11:03pm
some one pinged me,,
The 00-00 4 hour bar came to within one pip of breaking High.
We do not do NEAR.......
That 00 does worry me though...... yeah right lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36,680
  • Dec 9, 2018 11:03pm Dec 9, 2018 11:03pm
No gardening for me today but i do have some business on.
Hence me being up at ridiculous o clock...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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