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Billytt Die happy trading e/j daily breakout

  • #37,281
  • Jan 2, 2019 2:38am Jan 2, 2019 2:38am
Quoting billytt
{quote} Hi Kevin. adr 50? that does seem very low.... It it is 50 we have already made the adr
Hi Billtt
Sorry about the confusion.
The 20 Day adr is 118
When I sent the last message it was 50. ( I use claudias ADR indicator )
The ADR is now showing 76 up to this time 8.37
Regards
Kev
  • #37,282
  • Jan 2, 2019 2:41am Jan 2, 2019 2:41am
t 08-38
Cable,,, adr 77 hit
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Like i said, i like the break and then the second break, this way finding the adr is a lot easier..
BUT if it doesnt retrace you might miss a trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,283
  • Jan 2, 2019 2:42am Jan 2, 2019 2:42am
we might still get to the mini level which is not far away..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,284
  • Jan 2, 2019 2:43am Jan 2, 2019 2:43am
Quoting kevin1959
{quote} Hi Billtt Sorry about the confusion. The 20 Day adr is 118 When I sent the last message it was 50. ( I use claudias ADR indicator ) The ADR is now showing 76 up to this time 8.37 Regards Kev
ok bud, my 5 day adr is 77 which i work out myself. years ago my little girl used to do it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,285
  • Jan 2, 2019 2:49am Jan 2, 2019 2:49am
Quoting billytt
{quote} ok bud, my 5 day adr is 77 which i work out myself. years ago my little girl used to do it.
Hi Billytt
I remember reading about your daughter doing the ADR for you a long way back in this thread, obviously a very bright girl.
I like your ADR, as it is easier to reach lol
Regards
Kev
  • #37,286
  • Jan 2, 2019 2:53am Jan 2, 2019 2:53am
Quoting kevin1959
{quote} Hi Hickson I sold at the break of the 8.00am 15 min bar, also below the daiky pivot Regards Kev
Hi Kevin, good stuff ... saw it had a setup there, bit sluggish on my desk still and busy shorting EJ lol ... did you put in a sl or trade a la Billy?
Fix up, trade sharp ...
  • #37,287
  • Jan 2, 2019 2:56am Jan 2, 2019 2:56am
Quoting kevin1959
{quote} Hi Billytt I remember reading about your daughter doing the ADR for you a long way back in this thread, obviously a very bright girl. I like your ADR, as it is easier to reach lol Regards Kev
i just take the previous 5 day bars excluding Sunday and divide by 5 simples.

THEN i reduce the adr to a modest range.
When i was trading if the adr was example 120 my modest range would be 90.
I always take less than what can be achieved as it makes my stats even better
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,288
  • Jan 2, 2019 2:57am Jan 2, 2019 2:57am
Quoting billytt
{quote} i just take the previous 5 day bars excluding Sunday and divide by 5 simples. THEN i reduce the adr to a modest range. When i was trading if the adr was example 120 my modest range would be 90. I always take less than what can be achieved as it makes my stats even better
Exceeds my mathematical aptitude ... lol ...
Fix up, trade sharp ...
  • #37,289
  • Jan 2, 2019 3:11am Jan 2, 2019 3:11am
catch you guys later, i am off out helping gf in a garden....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,290
  • Jan 2, 2019 3:11am Jan 2, 2019 3:11am
Quoting Hickson
{quote} Hi Kevin, good stuff ... saw it had a setup there, bit sluggish on my desk still and busy shorting EJ lol ... did you put in a sl or trade a la Billy?
Hi Hickson.
It was a bit of a dilemma for me.
I thought about a stop loss.but decided to close when price reached Billytt's ADR level.
At the moment I am buying at 1.2711, because price seemed to stall at the 00, I wont give this trade much room and will close if I see any negativity.
Regards
kev
  • #37,291
  • Jan 2, 2019 3:13am Jan 2, 2019 3:13am
Quoting kevin1959
{quote} Hi Hickson. It was a bit of a dilemma for me. I thought about a stop loss.but decided to close when price reached Billytt's ADR level. At the moment I am buying at 1.2711, because price seemed to stall at the 00, I wont give this trade much room and will close if I see any negativity. Regards kev
Alright, take care then. Think it will enter a bit of chop phase now, but might be wrong ...
Fix up, trade sharp ...
  • #37,292
  • Jan 2, 2019 3:14am Jan 2, 2019 3:14am
Before i go.
with the Cable trade,If i had gone Long a possible 20 points could of been made.
This is the difficult part because we do not know if it would retrace...IT DID.
so we would counter on the Low and place a second trade.
i have perfected it.
Trouble is , for some retailers trading like that is more difficult due to the massive margin hike.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,293
  • Jan 2, 2019 3:17am Jan 2, 2019 3:17am
Quoting kevin1959
{quote} Hi Hickson. It was a bit of a dilemma for me. I thought about a stop loss.but decided to close when price reached Billytt's ADR level. At the moment I am buying at 1.2711, because price seemed to stall at the 00, I wont give this trade much room and will close if I see any negativity. Regards kev
it is hanging around the 00 but the next level down is 12683 area
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,294
  • Jan 2, 2019 3:17am Jan 2, 2019 3:17am
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,295
  • Jan 2, 2019 3:19am Jan 2, 2019 3:19am
Quoting billytt
Trade well all.
Take care mate, catch you later ...
Fix up, trade sharp ...
  • #37,296
  • Jan 2, 2019 3:20am Jan 2, 2019 3:20am
Quoting billytt
{quote} it is hanging around the 00 but the next level down is 12683 area
Thanks Billytt
I forgot about the second level
Enjoy your gardening
Rgards
Kev
  • #37,297
  • Jan 2, 2019 3:34am Jan 2, 2019 3:34am
Quoting kevin1959
{quote} Hi Hickson. It was a bit of a dilemma for me. I thought about a stop loss.but decided to close when price reached Billytt's ADR level. At the moment I am buying at 1.2711, because price seemed to stall at the 00, I wont give this trade much room and will close if I see any negativity. Regards kev
Closed this trade for +1
Regards
Kev
  • #37,298
  • Jan 2, 2019 5:57am Jan 2, 2019 5:57am
Quoting Hickson
{quote} No, modern slavery everywhere. In Frankfurt you pay 800-1000 euros rent for a small apartment. Normal workers get up just to work another day when the loan is like 1.5 k net or so. It is shocking indeed.
Speaking of which - Is housing cheaper to buy in America for the working man ?
every Saint has a past. Every Sinner has a Future
  • #37,299
  • Jan 2, 2019 6:54am Jan 2, 2019 6:54am
Quoting turnip15
{quote} Speaking of which - Is housing cheaper to buy in America for the working man ?
Hi T, happy new year! Do not know about the housing market in US, but doubt it is different from the usual rip off system ...
Fix up, trade sharp ...
  • #37,300
  • Jan 2, 2019 6:59am Jan 2, 2019 6:59am
Quoting kevin1959
{quote} Hi Billtt Sorry about the confusion. The 20 Day adr is 118 When I sent the last message it was 50. ( I use claudias ADR indicator ) The ADR is now showing 76 up to this time 8.37 Regards Kev
Kev

Your adr shows different to mine.
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