Billytt Die happy trading e/j daily breakout | Page 1902 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,021
  • Jan 14, 2019 2:07am Jan 14, 2019 2:07am
Quoting Hickson
Morning. EURUSD made a new low, then up again lol ... cable sitting there like dynamite to explode any moment ... pretty muddy stuff, no idea yet where I will put my money ...
Funny, low broken by a few at Franky open and then made over 20 pips from there ... I have seen these moves quite frequently, in Cable you can just short for another 20 at the break usually lol ...
Fix up, trade sharp ...
  • #38,022
  • Jan 14, 2019 2:13am Jan 14, 2019 2:13am
In short.

DAX H1 Chart Short

Attached Image


Out +5.5% (Closed just as I took this screenshot)

Attached Image
  • #38,023
  • Jan 14, 2019 2:14am Jan 14, 2019 2:14am
Quoting lemercenaire
In short. DAX H1 Chart Short {image} Out +5.5% (Closed just as I took this screenshot) {image}
You are one of the few guys I have ever seen to put the Fib tool the right way
Fix up, trade sharp ...
  • #38,024
  • Jan 14, 2019 2:21am Jan 14, 2019 2:21am
Quoting Hickson
{quote} I am not a tech guy, so a bit lost here as chromebook does not seem to be chromebook ... tons of stuff out there. Looking for a fast mobile solution for a long time, I might have to look into that. I have my trading folder on an external drive plus the only indicator I am using is accessible via mql5 where I bought it. Good thing is that I am almost trading naked, so worst case I could just pull out a chart and draw a few lines ...
I'll pm you details later today.
  • #38,025
  • Jan 14, 2019 2:24am Jan 14, 2019 2:24am
Quoting Hickson
{quote} Funny, low broken by a few at Franky open and then made over 20 pips from there ... I have seen these moves quite frequently, in Cable you can just short for another 20 at the break usually lol ...
EG is the king of consistency at the Frankie Open if you have the inclination to change your pair preference - hence that is my Frankenbreak pair. I do know you wouldn't run it the same way (go-for-five) but a move-is-a-move-is-a-move and maybe you could build something else around that.
  • #38,026
  • Jan 14, 2019 2:26am Jan 14, 2019 2:26am
That trade as it closed out.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-01-14 at 08.07.52 - Edited.png Size: 61 KB


Edit: Price is still hovering around the same level, so seems it was the right call to close.
  • #38,027
  • Jan 14, 2019 2:30am Jan 14, 2019 2:30am
Move the fib and drop over today's move and you can see why price turned where it did.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-01-14 at 08.28.38 - Edited.png Size: 57 KB
  • #38,028
  • Jan 14, 2019 2:33am Jan 14, 2019 2:33am
Quoting lemercenaire
Move the fib and drop over today's move and you can see why price turned where it did. {image}
Then if you flip it to the up-move, why it stopped where it did.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-01-14 at 08.31.16 - Edited.png Size: 56 KB
  • #38,029
  • Jan 14, 2019 2:33am Jan 14, 2019 2:33am
Quoting lemercenaire
{quote} EG is the king of consistency at the Frankie Open if you have the inclination to change your pair preference - hence that is my Frankenbreak pair. I do know you wouldn't run it the same way (go-for-five) but a move-is-a-move-is-a-move and maybe you could build something else around that.
I have looked into that for weeks until I got myself convinced it is really consistent. Funny thing is, the first time I tried it, it immediately went against me pretty fast. The type of stuff I do not like - not knowing the risk before, so I still do not know how to make it work honestly. Even if that whole counter thing worked for me, I would not be allowed to do that in my prop account. They'd just drop me out lol ...

The only way making it work for me is with an initial sl, but did not figure out how yet. Maybe an inverse RR, which makes me cringe as well, but with a high win rate, it might be enough ... work in progress with EG ...
Fix up, trade sharp ...
  • #38,030
  • Jan 14, 2019 2:39am Jan 14, 2019 2:39am
Quoting Hickson
{quote} I have looked into that for weeks until I got myself convinced it is really consistent. Funny thing is, the first time I tried it, it immediately went against me pretty fast. The type of stuff I do not like - not knowing the risk before, so I still do not know how to make it work honestly. Even if that whole counter thing worked for me, I would not be allowed to do that in my prop account. They'd just drop me out lol ... The only way making it work for me is with an initial sl, but did not figure out how yet. Maybe[/highlight]...
Yeah, you'd need to figure out how to make it work for you. I'll take a fresh look at it when i have a moment or two and see if there is a way that can be run ''normally'' to take advantage of that consistency.
  • #38,031
  • Jan 14, 2019 2:45am Jan 14, 2019 2:45am
Quoting lemercenaire
{quote} Yeah, you'd need to figure out how to make it work for you. I'll take a fresh look at it when i have a moment or two and see if there is a way that can be run ''normally'' to take advantage of that consistency.
Thanks, highly appreciated. It is really nice to have something very consistent on a daily basis to bank as it makes one more relaxed looking for your normal setups. Have not found it yet, cable breakouts work well for me though.

Mentioned friend looks for something similar in YM and Russ, he says it is rare but he banks it home almost every time. If I remember correctly, this is an exhaustion setup.
Fix up, trade sharp ...
  • #38,032
  • Jan 14, 2019 2:57am Jan 14, 2019 2:57am
Quoting Hickson
{quote} Thanks, highly appreciated. It is really nice to have something very consistent on a daily basis to bank as it makes one more relaxed looking for your normal setups. Have not found it yet, cable breakouts work well for me though. Mentioned friend looks for something similar in YM and Russ, he says it is rare but he banks it home almost every time. If I remember correctly, this is an exhaustion setup.
I like the Russ. Use it elsewhere. May need to take a closer look at how to make more use of it.
  • #38,033
  • Jan 14, 2019 2:58am Jan 14, 2019 2:58am
Time for a brew. Back later folks. Trade well.
  • #38,034
  • Jan 14, 2019 6:35am Jan 14, 2019 6:35am
Nothing for me this morning .... can't read chart ...
Attached Image (click to enlarge)
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trying to make everyday the best risk/reward decisions possible
  • #38,035
  • Jan 14, 2019 6:36am Jan 14, 2019 6:36am
Quoting slowbrain
Nothing for me this morning .... can't read chart ... {image}
Hi ... it is sick, isn't it? No edge in this market ...
Fix up, trade sharp ...
  • #38,036
  • Jan 14, 2019 6:41am Jan 14, 2019 6:41am
Quoting Hickson
{quote} Hi ... it is sick, isn't it? No edge in this market ...
just hope the consolidation will be cleared after NY open
if not means waiting for Brexit ....
trying to make everyday the best risk/reward decisions possible
  • #38,037
  • Jan 14, 2019 6:50am Jan 14, 2019 6:50am
Quoting slowbrain
Nothing for me this morning .... can't read chart ... {image}
Sorry to hear that. What pair/instrument is that on the graph?
Buy low, sell high.
  • #38,038
  • Jan 14, 2019 6:51am Jan 14, 2019 6:51am
Quoting HappyMan
{quote} Sorry to hear that. What pair/instrument is that on the graph?
E/U ... and don't be sorry .... i just listen to Rachmaninov in front of chart and i love it ...
trying to make everyday the best risk/reward decisions possible
  • #38,039
  • Jan 14, 2019 6:52am Jan 14, 2019 6:52am
Quoting slowbrain
{quote} just hope the consolidation will be cleared after NY open if not means waiting for Brexit ....
Got s/o four times today. Hard to take mentally, even with sound MM. I think every trader hopes after Brexit moves become more normal again ...
Fix up, trade sharp ...
  • #38,040
  • Jan 14, 2019 6:54am Jan 14, 2019 6:54am
Quoting Hickson
{quote} Got s/o four times today. Hard to take mentally, even with sound MM. I think every trader hopes after Brexit moves become more normal again ...
hickson

seems you trade breakout ? ..
trying to make everyday the best risk/reward decisions possible
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