Billytt Die happy trading e/j daily breakout | Page 1879 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,561
  • Jan 8, 2019 1:38am Jan 8, 2019 1:38am
Good morning all.

A tad zombied this morning as I was up till around 05:30 watching Clemson obliterate Alabama in the College Football Championship Final. Trading after 80 mins sleep is never to be recommended.

As such, I won't be hanging around for long.

Soooooooo...The DAX continues to meander around in that range from yesterday and as such, the levels still hold true.

If...if...we get a drop to around 10731, which would give a double-up trigger of the 23.6 and the ma, then I would be looking at a bounce entry long.

We shall see.

DAX H1 Pre-KO

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  • #37,562
  • Jan 8, 2019 1:38am Jan 8, 2019 1:38am
Quoting billytt
{quote} the adjustment is due to the natural movement of the range. As you pointed out. The adr low is calculated by subtracting the range (141) from the live High, and tye adr high is calculated by adding 141 to the live Low.. As the day progresses the High/low moves until hopefully the adr is made.
In other words, with every new daily High and Low, ADR limits are adjusted.

Funny, how it looks like the game 'Pulling the blanket'. Each side tries to pull it their way and, almost?, each time further from the initial range than the movement of the other side. And traders gain pips.
Buy low, sell high.
  • #37,563
  • Jan 8, 2019 1:49am Jan 8, 2019 1:49am
Quoting HappyMan
{quote} In other words, with every new daily High and Low, ADR limits are adjusted. Funny, how it looks like the game 'Pulling the blanket'. Each side tries to pull it their way and, almost?, each time further from the initial range than the movement of the other side. And traders gain pips.
Pulling the blanket sounds fun. lol.
i will try and explain again the adr but will have difficulty as i cannot post a chart.

example.. we have an adr 0f 100. ( calculated from previous 5 days ranges) and the pair opens at 00-00 at 500.
So at 00-00 the adr high is 500 + 100 = 600 , HIGH IS 600.
adr low at 00-00 is 500 - 100 = 400. LOW is 400.
1 hour later our pair has moved to 550. SO 550 - 100 =450, this is now the new adr LOW. 450 IS NEW LOW.
The High is still calculated from the lowest point which is still 500 ... so 500 + 100 = 600. the High IS STILL THE SAME. HIGH is still 600.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,564
  • Jan 8, 2019 1:55am Jan 8, 2019 1:55am
Quoting billytt
{quote} Pulling the blanket sounds fun. lol. i will try and explain again the adr but will have difficulty as i cannot post a chart. example.. we have an adr 0f 100. ( calculated from previous 5 days ranges) and the pair opens at 00-00 at 500. So at 00-00 the adr high is 500 + 100 = 600 , HIGH IS 600. adr low at 00-00 is 500 - 100 = 400. LOW is 400. 1 hour later our pair has moved to 550. SO 550 - 100 =450, this is now the new adr LOW. 450 IS NEW LOW. The High is still calculated from the lowest point which is still 500 ... so 500 + 100 = 600. the...
lol ... I thought maths class was over for good ...
Fix up, trade sharp ...
  • #37,565
  • Jan 8, 2019 1:56am Jan 8, 2019 1:56am
Quoting Hickson
{quote} lol ... I thought maths class was over for good ...
lol,,, everything in life is based on maths.But i take your point. lol.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,566
  • Jan 8, 2019 2:00am Jan 8, 2019 2:00am
Cable.... at 07-58 my High was 12797 (mid price based) .
so subtract 141 from 12797 =12656 ..............12656 in NOW THE ADR LOW. THE HIGH IS STILL THE SAME 12894. EASY LOL
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,567
  • Jan 8, 2019 2:06am Jan 8, 2019 2:06am
Quoting billytt
{quote} lol,,, everything in life is based on maths.But i take your point. lol. Trade well
Maybe not everything, but you can base a lot of things on it for sure ... Fibonacci is fascinating for example ... maths is interesting, but have a serious trauma due to a merciless teacher I had through all classes until I had finished A-levels ... boy, she brought my average in grades down every year ... I think nowadays parents would just sue her to achieve better results LOL ...
Fix up, trade sharp ...
  • #37,568
  • Jan 8, 2019 2:07am Jan 8, 2019 2:07am
Quoting billytt
{quote} Pulling the blanket sounds fun. lol. i will try and explain again the adr but will have difficulty as i cannot post a chart. example.. we have an adr 0f 100. ( calculated from previous 5 days ranges) and the pair opens at 00-00 at 500. So at 00-00 the adr high is 500 + 100 = 600 , HIGH IS 600. adr low at 00-00 is 500 - 100 = 400. LOW is 400. 1 hour later our pair has moved to 550. SO 550 - 100 =450, this is now the new adr LOW. 450 IS NEW LOW. The High is still calculated from the lowest point which is still 500 ... so 500 + 100 = 600. the...
Math is cool!

I think I got the main idea of how ADR is calculated and was wondering what causes changes. Hopefully, I got it too. Keep posting and I'll check your postings against my numbers. Numbers I like!
Buy low, sell high.
  • #37,569
  • Jan 8, 2019 2:09am Jan 8, 2019 2:09am
Cable....
at t 08-07 the Low was 12746. so add adr range 141 to 12746 = ( 12746 + 141= 12887) 12887 IS THE NEW ADR HIGH
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,570
  • Jan 8, 2019 2:10am Jan 8, 2019 2:10am
Markets are continually moving through what ever reason
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,571
  • Jan 8, 2019 2:15am Jan 8, 2019 2:15am
All done and dusted.

Didn't drop quite as far as I was looking at but as time had moved on, the ma had lifted and adjusted that trigger level, so happy to go in where I did, at 10752. +10.2 in the bag, with price at 10781 as I write this.

DAX Fib Pull Back. H1 Chart. +10.2

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  • #37,572
  • Jan 8, 2019 2:16am Jan 8, 2019 2:16am
gf is looking at me, she wants to leave lol. i will hang on
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,573
  • Jan 8, 2019 2:17am Jan 8, 2019 2:17am
cable,,, 08-00 15 min range is 20. and with that i am away.
the boss speaks...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,574
  • Jan 8, 2019 2:20am Jan 8, 2019 2:20am
10785 now.

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  • #37,575
  • Jan 8, 2019 2:21am Jan 8, 2019 2:21am
Quoting lemercenaire
All done and dusted. Didn't drop quite as far as I was looking at but as time had moved on, the ma had lifted and adjusted that trigger level, so happy to go in where I did, at 10752. +10.2 in the bag, with price at 10781 as I write this. DAX Fib Pull Back. H1 Chart. +10.2 {image}
When I read your posts on these trades, I always feel like running from the baseline to the other baseline where someone takes an uncontested lay up lol ... well done!
Fix up, trade sharp ...
  • #37,576
  • Jan 8, 2019 2:23am Jan 8, 2019 2:23am
[quote=billytt;11856632]cable,,, 08-00 15 min range is 20. and with that i am away. the boss speaks...[/quote]

Lol. Have a good one, Billy.

I'm off too. Need a couple of hours in horizontal shut-down mode .

Trade well, all who stay involved.
  • #37,577
  • Jan 8, 2019 2:24am Jan 8, 2019 2:24am
Quoting lemercenaire
All done and dusted. Didn't drop quite as far as I was looking at but as time had moved on, the ma had lifted and adjusted that trigger level, so happy to go in where I did, at 10752. +10.2 in the bag, with price at 10781 as I write this. DAX Fib Pull Back. H1 Chart. +10.2 {image}
Yaaaaaaay Same entry almost in at 10753 had strong move so hung in there and out at 10788 done for the week time for a walk me thinks
  • #37,578
  • Jan 8, 2019 2:26am Jan 8, 2019 2:26am
Quoting Pipradar
{quote} Yaaaaaaay Same entry almost in at 10753 had strong move so hung in there and out at 10788 done for the week time for a walk me thinks
Wow, you keep on finding the good trades mate, put the big one in the landing net to start the new season!
Fix up, trade sharp ...
  • #37,579
  • Jan 8, 2019 2:28am Jan 8, 2019 2:28am
Quoting Hickson
{quote} When I read your posts on these trades, I always feel like running from the baseline to the other baseline where someone takes an uncontested lay up lol ... well done!
Attached Image
  • #37,580
  • Jan 8, 2019 2:32am Jan 8, 2019 2:32am
Quoting Pipradar
{quote} Yaaaaaaay Same entry almost in at 10753 had strong move so hung in there and out at 10788 done for the week time for a walk me thinks
Good job hanging on to it for longer than I was prepared to, Pips. I am so tired that once it hesitated at all, I closed up shop, as I wasn't willing to hang around to nurse it to a re-entry and / or repair any damage that may have come about if it had reversed. My eyes were already half-shut, lol.

Enjoy your walk!
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