Billytt Die happy trading e/j daily breakout | Page 1885 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #37,681
  • Jan 9, 2019 3:55am Jan 9, 2019 3:55am
Quoting Hickson
M15 playing field ... hope Claudia will not scold me for messy charts again ... {image}
No no no I meant the chart was all up and down - difficult to know what was happening.
  • #37,682
  • Jan 9, 2019 3:57am Jan 9, 2019 3:57am
Quoting claudia1
{quote} No no no I meant the chart was all up and down - difficult to know what was happening.
Ah, I see. No offense taken nonetheless if elsewise ... I'm always open for improvement. That said, cable is a mess. Checking daily PP for clues atm. Btw you are right, m15 less stressful to watch than m5 and better setups, entering on m1/m5 as usual with high TF context ...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 13 KB
Fix up, trade sharp ...
  • #37,683
  • Jan 9, 2019 3:59am Jan 9, 2019 3:59am
Quoting Hickson
{quote} Ah, I see. No offense taken nonetheless if elsewise ... I'm always open for improvement. That said, cable is a mess. Checking daily PP for clues atm. Btw you are right, m15 less stressful to watch than m5 and better setups, entering on m1/m5 as usual with high TF context ... {image}
Its bouncing off the pivot/50 looks like wants to go up. Got pivot at 2747 same as yours.
  • #37,684
  • Jan 9, 2019 4:02am Jan 9, 2019 4:02am
Quoting claudia1
{quote} Its bouncing off the pivot/50 looks like wants to go up. Got pivot at 2747 same as yours.
I calc them to 0 UK time when Tokio kicks in. Was a bit off the first week, I think mostly due to the non-tech random moves in thin liquidity. I will wait for m15 spike through pivot or a close below. No need to rush, I want to wait for a high prob setup.
Fix up, trade sharp ...
  • #37,685
  • Jan 9, 2019 4:04am Jan 9, 2019 4:04am
Back..
Cable... at 10-00
the adr adjusted... high = 12881 & Low = 12626
the low line is on a mini level.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,686
  • Jan 9, 2019 4:05am Jan 9, 2019 4:05am
Cable 08-00 15 min bar..High for +5 +
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,687
  • Jan 9, 2019 4:06am Jan 9, 2019 4:06am
Quoting 1qaz2wsx33
{quote} Thanks Billy, The lot size of 1 was just an example so it would be simple to say how you increase size. Say instead it was lot size of x, then would there be times you counter at 1.5x or 2x for example? You say the second trade is for 5 and you claw back the rest, but don't you claw this back by chasing the ADR? So would you not leave a trade open instead of taking 5? Or maybe chase the ADR with a third trade after taking 5? (Maybe at 04-00 trigger?)
i would make 5 and still keep a counter open until i had positive points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,688
  • Jan 9, 2019 4:08am Jan 9, 2019 4:08am
Quoting 1qaz2wsx33
{quote} Low was already broken (barely) on my chart, and has now broken high
correct.
the 00-00 4 hour bar low did break and then we had the retrace to break High for approx 29/30 points.

a good idea is to look at breaks and counter over a period of several triggers and/or days.
Quite often the trade is good right from the the first trigger.
But lets look at it as a machine working away .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,689
  • Jan 9, 2019 4:09am Jan 9, 2019 4:09am
Quoting HappyMan
{quote} What a nice summary!
thank you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,690
  • Jan 9, 2019 4:11am Jan 9, 2019 4:11am
Quoting billytt
{quote} correct. the 00-00 4 hour bar low did break and then we had the retrace to break High for approx 29/30 points. a good idea is to look at breaks and counter over a period of several triggers and/or days. Quite often the trade is good right from the the first trigger. But lets look at it as a machine working away .
I have a less stressful idea for humble people who are happy with some green pips: Skip the first break, wait for the retrace (if it happens), then put in a sl and chase a 3:1 RR or so. Do you think it might work and is worth a test?
Fix up, trade sharp ...
  • #37,691
  • Jan 9, 2019 4:11am Jan 9, 2019 4:11am
at 10-10 cable is still only 49 range.
a bad day should get 70 , and a long way to go for time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,692
  • Jan 9, 2019 4:12am Jan 9, 2019 4:12am
Quoting Hickson
{quote} I have a less stressful idea for humble people who are happy with some green pips: Skip the first break, wait for the retrace (if it happens), then put in a sl and chase a 3:1 RR or so. Do you think it might work and is worth a test?
that does look good, especially retrace entry, but i never ever look at 3:1 rw etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,693
  • Jan 9, 2019 4:14am Jan 9, 2019 4:14am
That mini level High area was hit. at 12778 . so let it drop
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #37,694
  • Jan 9, 2019 4:19am Jan 9, 2019 4:19am
Quoting Hickson
{quote} I am already reading it mate, saw your thread and some funny post was made already by some guru lol ... HOLO is interesting, did not figure out yet what is a typical sl and target yet on average ... I do not really like chasing 5 pips, commissions and spreads to high in my opinion to take the risk, then again it might be personal preference. If I might figure out you can go for 15-20 on average, it is more for me.
Excellent, mate! When would you like to get started on the book, this weekend or next week?

I am beginning to love 5 pips. I think it especially works with spread-based brokers. For some strange and happy reason, it works like a charm. Currently working on figuring out the counter trades, aiming at +10.
Buy low, sell high.
  • #37,695
  • Jan 9, 2019 4:20am Jan 9, 2019 4:20am
Quoting billytt
That mini level High area was hit. at 12778 . so let it drop
Good day, Sir Billy!

Maybe one day you can say more about the mini levels, how they are formed and what significance they carry.
Buy low, sell high.
  • #37,696
  • Jan 9, 2019 4:20am Jan 9, 2019 4:20am
Quoting Hickson
Billy Bar range no break to the downside yet in my book: {image}
Agreed - Looking back this was the chart on IG Index. ( Cable UK time)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #37,697
  • Jan 9, 2019 4:29am Jan 9, 2019 4:29am
Quoting Hickson
{quote} I have a less stressful idea for humble people who are happy with some green pips: Skip the first break, wait for the retrace (if it happens), then put in a sl and chase a 3:1 RR or so. Do you think it might work and is worth a test?
Risk/Reward should be 1:3
  • #37,698
  • Jan 9, 2019 4:31am Jan 9, 2019 4:31am
Quoting claudia1
{quote} Risk/Reward should be 1:3
Sure, was a typo.
Fix up, trade sharp ...
  • #37,699
  • Jan 9, 2019 4:32am Jan 9, 2019 4:32am
Off out to help Mrs T choose wall paint ( I simply have to say, " good choice dear.") We both know that I have no colour sense, which is why I cannot be trusted alone, to choose a shirt etc. in a mens outfitters.
Green pips to all.
every Saint has a past. Every Sinner has a Future
  • #37,700
  • Jan 9, 2019 4:34am Jan 9, 2019 4:34am
Quoting turnip15
Off out to help Mrs T choose wall paint ( I simply have to say, " good choice dear.") We both know that I have no colour sense, which is why I cannot be trusted alone, to choose a shirt etc. in a mens outfitters. Green pips to all.
I have to ask therefore - what colour is the new car ?
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