Billytt Die happy trading e/j daily breakout | Page 1864 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,261
  • Jan 1, 2019 8:19am Jan 1, 2019 8:19am
I hope you are all having a goooooooooood day.
My gf is away at the inlaws lol.
i am here so i may as well start walking you through a trade..

DO NOT FORGET IT IS HOLIDAY TIME .......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,262
  • Jan 1, 2019 8:29am Jan 1, 2019 8:29am
t 14-20 1st Jan. all markets are closed .

Cable. 4 hour chart B is zoomed out so you can see the levels...
Attached Image (click to enlarge)
Click to Enlarge Name: 010119 GU B.PNG Size: 35 KB


Chart A is zoomed in with prices, where price will head for.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 010119 A.PNG Size: 22 KB


That is the easy part.yaaaaaaaaaaaaaaaaay

we need the trigger bar to trade off.
This will be the 00-00 4 hour bar UK TIME.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,263
  • Jan 1, 2019 8:38am Jan 1, 2019 8:38am
we will probably have a Gap on open.....
But once that is sorted we will probably then have the movement to hunt the average daily range.

Last trade day my adr was 71. so now it is probably approx 77 ( worked out in head )lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,264
  • Jan 1, 2019 8:45am Jan 1, 2019 8:45am
Trading to these levels can Fail but not if you counter.
My last loss was a few years ago.
Just get a 4 hour chart and check for yourself..........

It is easier to trade to a level than trade once there, ie breakout/retrace
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,265
  • Jan 1, 2019 10:26am Jan 1, 2019 10:26am
Quoting billytt
Trading to these levels can Fail but not if you counter. My last loss was a few years ago. Just get a 4 hour chart and check for yourself.......... It is easier to trade to a level than trade once there, ie breakout/retrace
Exactly. That's how the pros trade, towards Supply and Demand Zones, not away from them.
  • #37,266
  • Jan 1, 2019 10:30am Jan 1, 2019 10:30am
Quoting lemercenaire
{quote} Exactly. That's how the pros trade, towards Supply and Demand Zones, not away from them.
Entry does not have to be perfect as long as there are some green pips to escape with.
Fix up, trade sharp ...
  • #37,267
  • Jan 1, 2019 1:18pm Jan 1, 2019 1:18pm
Quoting lemercenaire
{quote} Exactly. That's how the pros trade, towards Supply and Demand Zones, not away from them.
yes they do. i normally chase the adr or part of it when fixing a bad trade.
These are the most profitable trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,268
  • Jan 1, 2019 1:19pm Jan 1, 2019 1:19pm
Quoting Hickson
{quote} Entry does not have to be perfect as long as there are some green pips to escape with.
yes, as long as we have a good entry that is all that matters.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,269
  • Jan 1, 2019 5:54pm Jan 1, 2019 5:54pm
t 23-53
Cable, it opened with hardly any gap.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,270
  • Jan 1, 2019 6:12pm Jan 1, 2019 6:12pm
T 00-07
Cable... opened at 12753. (mid price)

SOOOOOOOO we add 77 (adr) to 12753 , = 12830.High.
minus 77 (adr) from 12753 = 12676 Low
Attached Image
.

then we have zoomed out chart
Attached Image
.

This is the start, we will trade off the 00-00 4 hour bar.
The High/Low adr will then be adjusted by adding or subtracting from the high/Low of the 00-00 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,271
  • Jan 1, 2019 10:16pm Jan 1, 2019 10:16pm
t 04-13 chart from a few minutes earlier
Attached Image (click to enlarge)
Click to Enlarge Name: gu 020119 adr E.PNG Size: 18 KB


00-00 4 hour bar . High = 12753....... Low = 12722 range is 31

So we add adr 77 to the Low of the 00-00 4 hour bar AND subtract 77 from the High of 12753

at this moment in time the adr High is 12799 and the Low is 12676
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,272
  • Jan 1, 2019 10:18pm Jan 1, 2019 10:18pm
Cable,
if /when the Low of the 00-00 4 hour bar is broken we will short at 12722 and hopefully look for approx 40 points...

Hopefully my figures are ok, as i only woke up 15 mins ago
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,273
  • Jan 1, 2019 10:20pm Jan 1, 2019 10:20pm
we do not have to look for 40 as 10 or 20 or 30 will be good.
ONLY IF LOW BREAKS. lol

I prefer one end to break then retrace to break opposite end.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,274
  • Jan 2, 2019 1:16am Jan 2, 2019 1:16am
t 0713
Cable, The 00-00 4 hour Bar High broke (would you believe it lol) It might go to the next mini level then adr line.

I would prefer it to retrace down and break Low.

The adr low line has been adjusted
Attached Image (click to enlarge)
Click to Enlarge Name: gu F.PNG Size: 27 KB


edit. T= 00-00 4 hr bar.
x = mini High/Low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,275
  • Jan 2, 2019 2:10am Jan 2, 2019 2:10am
Quoting billytt
t 0713 Cable, The 00-00 4 hour Bar High broke (would you believe it lol) It might go to the next mini level then adr line. I would prefer it to retrace down and break Low. The adr low line has been adjusted {image} edit. T= 00-00 4 hr bar. x = mini High/Low
Morning Billy.
The 20 day ADR is 50 at the moment, so would we be looking to get 27 to make it to the 77 ?
Do tou take any notice of the daily pivot?
Regards
Kev
  • #37,276
  • Jan 2, 2019 2:25am Jan 2, 2019 2:25am
Pivots very closely pressed together, but still seems to work ... not in yet, but by monday daily range should be ok I guess ...
Fix up, trade sharp ...
  • #37,277
  • Jan 2, 2019 2:26am Jan 2, 2019 2:26am
G/U 15 min

the 08-00 15 min bar Low broke for 5+
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,278
  • Jan 2, 2019 2:29am Jan 2, 2019 2:29am
Quoting kevin1959
{quote} Morning Billy. The 20 day ADR is 50 at the moment, so would we be looking to get 27 to make it to the 77 ? Do tou take any notice of the daily pivot? Regards Kev
Hi Kevin. adr 50? that does seem very low....
It it is 50 we have already made the adr
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,279
  • Jan 2, 2019 2:31am Jan 2, 2019 2:31am
Quoting Hickson
Pivots very closely pressed together, but still seems to work ... not in yet, but by monday daily range should be ok I guess ...
Hi Hickson
I sold at the break of the 8.00am 15 min bar, also below the daiky pivot
Regards
Kev
  • #37,280
  • Jan 2, 2019 2:32am Jan 2, 2019 2:32am
Quoting kevin1959
{quote} Morning Billy. The 20 day ADR is 50 at the moment, so would we be looking to get 27 to make it to the 77 ? Do tou take any notice of the daily pivot? Regards Kev
as for dp, i never look at it. Maybe it could be an aid.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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