Billytt Die happy trading e/j daily breakout | Page 1908 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,141
  • Jan 15, 2019 10:05am Jan 15, 2019 10:05am
Quoting billytt
t 15-30 Hi all, i am here but have been smashing concrete up. a quick update. Cable... 08-00 15 min bar break, low broke for +++ The 00-00 4 hour bar.... The High Broke and then retraced down, THIS IS THE IDEAL SCENARIO. Like i say , with the first break we have an idea where it might go. (Might) #But if it retraces back, it is then easier and also have better stats to hit the adr, or move close to it. Catch you later {image}
Hi Billytt
Get plenty of radox in.
I had to dig out old concrete from 7 posts over Christmas, and could not sit down for a few days lol
Regards
Kev
  • #38,142
  • Jan 15, 2019 10:10am Jan 15, 2019 10:10am
Quoting Hickson
{quote} I am getting some ideas here ... maybe this is something to put into a "normal" strategy with sl and target ... the main question is, if it would need constant nursing once the trade is opened, so far it looks like that ...
you've got it..
That 00-00 4 hour bar to me is sooooo important/useful.
Nursing it can be tricky because sometimes when it takes a break /maybe consolidates you worry then close trade , then to see it carry on.

Nursing/leaving has its good points and not so goo points.

As you know, i take stats and then i trade for a percentage of what i expect.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,143
  • Jan 15, 2019 10:11am Jan 15, 2019 10:11am
Quoting kevin1959
{quote} Hi Billytt Get plenty of radox in. I had to dig out old concrete from 7 posts over Christmas, and could not sit down for a few days lol Regards Kev
yes indeed, i just jumped out of bath ( down here it is barth) i always add epsom slats...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,144
  • Jan 15, 2019 10:15am Jan 15, 2019 10:15am
Quoting billytt
{quote} yes indeed, i ust umped out of bath ( down here it is barth) i always add epsom slats...
Sorry barth lol
Lasty time I put a fence up was 10 years ago, and I dont remember it hurting as much as this time lol .
regards kev
  • #38,145
  • Jan 15, 2019 10:16am Jan 15, 2019 10:16am
Quoting HappyMan
{quote} Good to know! So, it was a break, which led to hitting ADR. It was hit in my book. Thank you!
After that first break of the 00-00 4 hour bar High today then retrace down.
That High is usually the High of the adr, so when it drops we can have a good chance to see where it will go.

This would be bad if you traded the actual High break????? as a separate method..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,146
  • Jan 15, 2019 10:19am Jan 15, 2019 10:19am
Quoting HappyMan
{quote} Look how the Low of 00-00 H4 served as resistance and each retrace to it was an opportunity to short.
i half mentioned that yesterday ( i think).

That 00-00 4 hour bar, the High /Low can act as a resistance/Support.
But if you keep focused on the actual range of the day, you will know it has to/will do break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,147
  • Jan 15, 2019 10:21am Jan 15, 2019 10:21am
t 16-20
hopefully 12750 is next mini level to be hit???

Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,148
  • Jan 15, 2019 10:21am Jan 15, 2019 10:21am
Quoting claudia1
{quote} Cloe enough' {image}
Thanks Claudia
Your intuition is always spot on.
I can see ( iI think ) where you are coming from with the chart you have posted
Thanks
Regards
Kev
  • #38,149
  • Jan 15, 2019 10:24am Jan 15, 2019 10:24am
The mini level after that Low is 12720 area
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,150
  • Jan 15, 2019 10:25am Jan 15, 2019 10:25am
catch you later, things to do lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,151
  • Edited 11:57am Jan 15, 2019 10:39am | Edited 11:57am
Quoting billytt
{quote} After that first break of the 00-00 4 hour bar High today then retrace down. That High is usually the High of the adr, so when it drops we can have a good chance to see where it will go. This would be bad if you traded the actual High break????? as a separate method..
G'day, sir Billy,

Thanks for letting us know. Read and reread the bolded phrase a few times and cannot get it's meaning. Assuming that the statement is based on stats, can you please say more?

EDIT: I think I am getting it now. The High of 00-00 H4 was the High of the ADR today. What are some ways, then to see how far down it goes?
Buy low, sell high.
  • #38,152
  • Jan 15, 2019 10:40am Jan 15, 2019 10:40am
Quoting billytt
{quote} i half mentioned that yesterday ( i think). That 00-00 4 hour bar, the High /Low can act as a resistance/Support. But if you keep focused on the actual range of the day, you will know it has to/will do break
Yes, you surely did. It was great to see another example today.
Buy low, sell high.
  • #38,153
  • Jan 15, 2019 10:52am Jan 15, 2019 10:52am
Quoting kevin1959
{quote} Thanks Claudia Your intuition is always spot on. I can see ( iI think ) where you are coming from with the chart you have posted Thanks Regards Kev
Just got lucky.

Question is where to move buy orders to. 2700/50 area with aim of 2900/50 - might change that before the vote but that's the plan so far.
  • #38,154
  • Jan 15, 2019 10:59am Jan 15, 2019 10:59am
Quoting claudia1
{quote} Just got lucky. Question is where to move buy orders to. 2700/50 area with aim of 2900/50 - might change that before the vote but that's the plan so far.
Well then you are very lucky, lol
  • #38,155
  • Jan 15, 2019 11:41am Jan 15, 2019 11:41am
Quoting lemercenaire
{quote} This brings me back to a useful training aid I recommend - where you enter blindly and then manage your way out of it. You either go right into profit or you have to trade your way out of a losing position. Yes, I used to deliberately let a trade go very, very, bad and then practice trading my way back, very useful when learning countering. It's all about what you do after you pull the trigger.
Sorry to quote this one again from a few days ago, I had to . Quick questions Lem, if you don't mind. When doing this excersise, was it done within the same pair? And did you had a specific approach or did you have a set of methods in your arsenal that you'd use to make your way back?
  • #38,156
  • Jan 15, 2019 11:57am Jan 15, 2019 11:57am
Funny. Exactly the type of moves I am looking for trading my break outs lol ... enjoyed the fishing though, at least there is something moving one side or the other now, seems like the awful chop days of December and January might eventually end ...
Fix up, trade sharp ...
  • #38,157
  • Jan 15, 2019 12:51pm Jan 15, 2019 12:51pm
Put in 0.03 microlots for fun with 80 pip sl. Looks like I am driving the market up now lol ...
Fix up, trade sharp ...
  • #38,158
  • Jan 15, 2019 12:59pm Jan 15, 2019 12:59pm
This soap opera there is hilarious, grown people who cannot even shut their mouth during such a meaningful event yelling all kind of utterings in between the vote lol ... what times ...
Fix up, trade sharp ...
  • #38,159
  • Jan 15, 2019 1:02pm Jan 15, 2019 1:02pm
Quoting HappyMan
{quote} G'day, sir Billy, Thanks for letting us know. Read and reread the bolded phrase a few times and cannot get it's meaning. Assuming that the statement is based on stats, can you please say more? EDIT: I think I am getting it now. The High of 00-00 H4 was the High of the ADR today. What are some ways, then to see how far down it goes?
example,,,, this happened today. forget Brexit blah blah, this happens frequently.

00-00 4 hour bar.....

The High Broke and then retraced to Break Low.
The stats show that the High Break High will probably be the High of the ADR.
So the Low broke, BUT TO WHERE???
MINUS the calculated daily range from the highest high, in this case it was 104.
Minus 104 from 12916 = 12812... So 12812 is the expected adr low.

Once the low had broke we then look for clues as to where it will head.
So i speak about mini levels including 00 and even inside bar etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,160
  • Jan 15, 2019 1:03pm Jan 15, 2019 1:03pm
Quoting Hickson
This soap opera there is hilarious, grown people who cannot even shut their mouth during such a meaningful event yelling all kind of utterings in between the vote lol ... what times ...
and they act on our behalf, lol...
shocking just shocking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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