Billytt Die happy trading e/j daily breakout | Page 1861 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,201
  • Dec 28, 2018 3:49am Dec 28, 2018 3:49am
catch you later, the badgers have been attacking the garden lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,202
  • Dec 28, 2018 5:07am Dec 28, 2018 5:07am
Quoting billytt
catch you later, the badgers have been attacking the garden lol
Don't mention badgers!
  • #37,203
  • Dec 28, 2018 5:09am Dec 28, 2018 5:09am
Badgers have been sorted lol.
Cable....
Attached Image


Remember,,, The 08-00 15 bar was good so we did not need to trade this 00-00 4 hour bar break.

00-00 4 hour bar Low Broke , and then it retraced to break the High.
now we can hunt the daily range.
At time of posting approx 11-05.
with a conservative high of 12720 area(mini level that is 85 adr (don;t forget holidays)

we can still have another retrace and it could go to 12600 area

edit,,, and yes the 04-00 4 hour bar was an inside bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,204
  • Dec 28, 2018 5:09am Dec 28, 2018 5:09am
Quoting lemercenaire
{quote} Don't mention badgers!
lol, i just remember, you spoke of badgers earlier.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,205
  • Dec 28, 2018 5:12am Dec 28, 2018 5:12am
trying to keep it simple.

00-00 4 hour bar.

we had a low break then retrace to break high.
instead of looking for the adr which could get us 50 points.
WHY NOT LOOK FOR FEWER POINTS. MORE EASIER ON THE NERVES TO ACCOMPLISH. LOL
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,206
  • Dec 28, 2018 10:14am Dec 28, 2018 10:14am
t 16-10
Cable,,,,some one said Cable bounced off the 00 56 which it did...
That was an area to aim for.
So far the range has been 64, usually on a day like this we might get around 70 , we still might.

a 00 doesn't always stop a move or we would be in constant consolidation. If it were we could still adapt and trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,207
  • Dec 28, 2018 10:22am Dec 28, 2018 10:22am
Quoting billytt
Cable 1 minute chart to show move.. {image} Box = 15 minute range Bar. This info is for everyone but primarily for Davidrp. We had a break of Low and then a retrace before +5 . we can either trade the Break OR Trade off the Retrace. ( obviously we do not know how far the retrace is if at all) OR TRADE BOTH.... Look at out stats,, we had a trigger, a retrace , the Low of the 04-00 4 hour bar AND the Low of the 00-00 4 hour bar to aim for.... this chart was copied approx 09-20 i think, easily to check
The more graphs, the merrier ... 'tis the season!
Buy low, sell high.
  • #37,208
  • Dec 28, 2018 1:15pm Dec 28, 2018 1:15pm
Quoting HappyMan
{quote} The more graphs, the merrier ... 'tis the season!
i try to show charts as simple as possible.....
i will repeat myself too so the lurkers and new comers will understand.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,209
  • Dec 28, 2018 1:24pm Dec 28, 2018 1:24pm
E/U the 08-00 15 minute bar Low broke for %55.

The 00-00 4 hour bar had a short range. 40+ the actual High/Low breaks of the 00-00 4 hour bar did no tcome to much. but the main player was that inside bar at 04-00 4 hour bar.
I am only commenting on E/u as i have been asked.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,210
  • Dec 28, 2018 5:41pm Dec 28, 2018 5:41pm
gf is out so the mice will play.
Cable end of trade day saw Cable close 12698...
the adr was 73 which is ok for holiday.
It did not make the 12720 but got to within 12 points of it at 12708.

that was good enough we had a potential 36 points.

The easy part is having the break and knowing where it should go to (should go) lol.

as long as it keeps going we are ok but it is when it stops Panic sets in, because we think it might reverse, IT MIGHT, look for clues .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,211
  • Dec 28, 2018 9:13pm Dec 28, 2018 9:13pm
Quoting billytt
{quote} i try to show charts as simple as possible..... i will repeat myself too so the lurkers and new comers will understand.
Great! And some of us are ready to go deeper.
Buy low, sell high.
  • #37,212
  • Dec 29, 2018 10:47pm Dec 29, 2018 10:47pm
Quoting billytt
Cable 1 minute chart to show move.. {image} Box = 15 minute range Bar. This info is for everyone but primarily for Davidrp. We had a break of Low and then a retrace before +5 . we can either trade the Break OR Trade off the Retrace. ( obviously we do not know how far the retrace is if at all) OR TRADE BOTH.... Look at out stats,, we had a trigger, a retrace , the Low of the 04-00 4 hour bar AND the Low of the 00-00 4 hour bar to aim for.... this chart was copied approx 09-20 i think, easily to check
Morning,

Have been thinking about that trade. What gives an assurance that the price won't go against a trader who entered at the break of the low or retrace?
Buy low, sell high.
  • #37,213
  • Dec 29, 2018 11:01pm Dec 29, 2018 11:01pm
Quoting HappyMan
{quote} Morning, Have been thinking about that trade. What gives an assurance that the price won't go against a trader who entered at the break of the low or retrace?
Stats.

Stats, stats and more stats.

I personally would also have micro S+D info to help me make any call...and stats
  • #37,214
  • Dec 30, 2018 9:44am Dec 30, 2018 9:44am
Quoting HappyMan
{quote} Morning, Have been thinking about that trade. What gives an assurance that the price won't go against a trader who entered at the break of the low or retrace?
Hi Happy , nothing is certain ever.
Lem has beaten me with the answer, STATS STATS STATS.

I DO NOT TRADE AVERAGES, I TRADE OFF FREQUENCY DISTRIBUTION STATS.
Lets look at averages.
we have Snow White's 7 dwarfs and 7 US basket ball players and i send Lem to a clothes shop to buy them suits.
The average height for them all is 5 feet. Not one suit will fit. averages stink.
Frequency distribution will state that 7 of them are 3 ft plus/minus 2 inches and the other 7 are 7 feet plus/minus 2 inches.
we now have more chance of clothing them correctly....
i will add more to your question....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,215
  • Edited 5:26pm Dec 30, 2018 9:46am | Edited 5:26pm
i used to have a moving average on my charts but not sure why, lol


edit.... average daily range is a good average to use.
something special about it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,216
  • Dec 30, 2018 9:48am Dec 30, 2018 9:48am
Before i forget, Daily Pivot is is an exception.
Getting back to other pivots, resistance/support.
THESE CAN BE TRADED TO, FORGET RETRACE/BREAKOUT...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,217
  • Dec 30, 2018 10:23am Dec 30, 2018 10:23am
Quoting HappyMan
{quote} Morning, Have been thinking about that trade. What gives an assurance that the price won't go against a trader who entered at the break of the low or retrace?
hopefully i can start to walk you through a trade tonight... Or start the process.

I know it is Sun 30th and holiday time but we will still have movement,

if we fail i will say it was due to holiday but if it wins i will say TOLD YOU . lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,218
  • Dec 30, 2018 10:25am Dec 30, 2018 10:25am
Quoting HappyMan
{quote} Morning, Have been thinking about that trade. What gives an assurance that the price won't go against a trader who entered at the break of the low or retrace?
i will try and keep the posts short.
At midnight i will post the average daily range for Monday even though it will mean nothing yet.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,219
  • Dec 30, 2018 12:49pm Dec 30, 2018 12:49pm
End of the year, we need some more music ... I was listening to some classics today ...

Inserted Video
Fix up, trade sharp ...
  • #37,220
  • Dec 30, 2018 12:51pm Dec 30, 2018 12:51pm
Sometimes we do not really like what happened in the past. However, good lesson to learn indeed ...

Inserted Video
Fix up, trade sharp ...
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