Billytt Die happy trading e/j daily breakout | Page 1875 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,481
  • Jan 6, 2019 10:53pm Jan 6, 2019 10:53pm
Quoting HappyMan
{quote} Noteworthy, the low ADR is calculated by subtracting 152 from the HIGH, and the high ADR, by adding 152 to the LOW of the 00 4H bar. The bar range IS included in the ADR.
yes...
i personally was use a modest adr range.
so instead of an actual 152 lets make it 100/110.
It is all preference.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,482
  • Jan 6, 2019 10:55pm Jan 6, 2019 10:55pm
with that 00-00 4 hour range, if it drops it might bounce off the High or go go straight through .
the same with Low, it might drop and bounce off the Low or keep going.
Just keep watching...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,483
  • Jan 6, 2019 11:02pm Jan 6, 2019 11:02pm
Cable....
at 07-00 the High was 12752...
So we subtract 152 from 12752 = 12600 ...
12600 is now the Low range of the adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,484
  • Jan 6, 2019 11:39pm Jan 6, 2019 11:39pm
i am out approx 08-00 with gf to help work on a garden.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,485
  • Jan 6, 2019 11:39pm Jan 6, 2019 11:39pm
'Morning folks.

Drizzle...drizzle...drizzle. Welcome back to the week, lol.

Meanwhile, back at the farm - the DAX has had a small push North through from the 4th but seems to have taken a breather and now sits in a nice shallow range.

Price had gapped up at midnight but that has now filled through the Frankie Open. We'll see if anyone we know was awake and managed to take advantage of that .

There's some nice, range-breaking to be had here today.

Let the games begin!
  • #37,486
  • Jan 6, 2019 11:46pm Jan 6, 2019 11:46pm
That range is actually running along one of my fib pull back levels - in this case, the minor 23.6...this means I'd probably be looking for a small head-fake drop back to that level and then a bounce off it.

I'm not predicting that will happen, just that that would be my preferred play.

We shall see.
  • #37,487
  • Jan 6, 2019 11:49pm Jan 6, 2019 11:49pm
A play like that would be nice but a drop to the 50% would obviously be very, very, nice.

Coincidentally, that level lines up perfectly with a significant level off to the left, so a confident line-in-the-sand.

Anyway, 12 mins to go.

Trade well, all.
  • #37,488
  • Jan 6, 2019 11:50pm Jan 6, 2019 11:50pm
Quoting lemercenaire
'Morning folks. Drizzle...drizzle...drizzle. Welcome back to the week, lol. Meanwhile, back at the farm - the DAX has had a small push North through from the 4th but seems to have taken a breather and now sits in a nice shallow range. Price had gapped up at midnight but that has now filled through the Frankie Open. We'll see if anyone we know was awake and managed to take advantage of that . There's some nice, range-breaking to be had here today. Let the games begin!
Morning Lem and Guys. Missed the Frankie train and Only just arrived to the Games erm erm,, have been ,, soooooo only looking , I still do not like the Spread and because of this might not Trade this week lets see.
  • #37,489
  • Jan 7, 2019 12:05am Jan 7, 2019 12:05am
Well, we got the head fake down. Hasn't quite reached the low level but may be worth fading from here.

Edit: Just as about to post - getting one more push towards the 23.6...go on ya monster!
  • #37,490
  • Jan 7, 2019 12:07am Jan 7, 2019 12:07am
Should have said - I am on the H1 chart for all of this info.
  • #37,491
  • Edited 2:58am Jan 7, 2019 12:09am | Edited 2:58am
t 08-04
i am away now, hopefully be back in a few hours.
Cable the 1st mini level has just been reached 12756.

Regarding the adr,
i work/ed off the 00-00 4 hour bar.
Once this bar is broken..
Even though we have our range we use as a guide. In this instance we do not actually know how far this break will go for,
That is why i like the retrace and break of the other end. As this is easier to plot the range/move.

edit.. i said 04-00 4 hour bar... IT IS THE 00-00 4 HOUR BAR.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,492
  • Jan 7, 2019 12:10am Jan 7, 2019 12:10am
catch you later, we have light.
as i am not trading i am not looking at the 08-00 15 minute bar break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,493
  • Jan 7, 2019 12:15am Jan 7, 2019 12:15am
Quoting lemercenaire
{quote} We would be given a directional bias on whatever pair we were to focus on by those monkeys who specialised in that side of things and then use the prop methods we had available to find the best price entries. Usually these would involve trading from one zone to another. Supply + Demand trading in a form. I can't say much more than that but it kind of ties into bubble trading that you see now. The money was maximised on the pullbacks and in effect, once you entered the market, you were never ever out of it again. One had to make use of positive...
I see, so basically from one support/resistance that has most demand or supply to another one. Need a hefty bank to capitalise on swaps for sure ...
Fix up, trade sharp ...
  • #37,494
  • Jan 7, 2019 12:22am Jan 7, 2019 12:22am
Quoting billytt
catch you later, we have light. as i am not trading i am not looking at the 08-00 15 minute bar break.
That is one huge bar today! 20 pips.
Buy low, sell high.
  • #37,495
  • Jan 7, 2019 12:26am Jan 7, 2019 12:26am
All done.

+7%

Will post chart a bit later.
  • #37,496
  • Jan 7, 2019 12:34am Jan 7, 2019 12:34am
Took a second dip and closed again, this time at the Z-Line for just over +10%

That's me done for the day.

More than happy to start the new year with that.
  • #37,497
  • Jan 7, 2019 12:49am Jan 7, 2019 12:49am
Took +6 on cable following Billy's method. Thanks, sir Billy!
Looks like the price is headed toward lower ADR.
Buy low, sell high.
  • #37,498
  • Jan 7, 2019 12:55am Jan 7, 2019 12:55am
Actually, maybe you guys and gals can help me figure out how to calculate profits and losses.

Shorted at 1.27343. T/P at 1.27277. Profit shows 66 points. That's 6 pips?
Buy low, sell high.
  • #37,499
  • Jan 7, 2019 12:58am Jan 7, 2019 12:58am
Those charts:

DAX Fib Pullback H1 Chart

#1 +7
Attached Image


Detail
Attached Image


#2 +10 and-a-bit...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-01-07 at 08.32.24 - Edited.png Size: 41 KB
  • #37,500
  • Jan 7, 2019 1:00am Jan 7, 2019 1:00am
Took Cable short on Micro break +9 points fast in and out,, exit just above the 50 fib there was a lot more in the tank but the spread is all over the place so a bit of a barn storm to be honest. L.O.L. all done for the day happy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 Mon 7JanSell break to 50% fib +9points 2 entry.png Size: 55 KB
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