Billytt Die happy trading e/j daily breakout | Page 1915 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,281
  • Jan 16, 2019 8:01am Jan 16, 2019 8:01am
Quoting claudia1
{quote} lol crossed posts
Added Pivotal at 5/1 on an e/w.
  • #38,282
  • Jan 16, 2019 8:01am Jan 16, 2019 8:01am
May actually be worth trading Pivotal Flame (as well). Usually pays off.
  • #38,283
  • Jan 16, 2019 8:02am Jan 16, 2019 8:02am
Quoting lemercenaire
May actually be worth trading Pivotal Flame (as well). Usually pays off.
Lol we are writing at the same time read above !
  • #38,284
  • Jan 16, 2019 8:03am Jan 16, 2019 8:03am
Lol...
  • #38,285
  • Jan 16, 2019 8:04am Jan 16, 2019 8:04am
Quoting Hickson
{quote} Well, you cannot deny they exist on higher time frames ... question is just if it suits you trading them, because it is easy to believe you cannot go wrong when you just trade the trend ...
food for thoughts :

since sunday open
E/U make 90 moves of at least 8 pips
for a total of 1442 pips for these 90 moves (average move is 16 pips ) interesting things is that this average of 16 pips is stable on daily basis since 2004
sunday night open price : 1.1457 / current price 1.1399 = 58 pips difference = 4% is trend 96% of the moves are noise ...

edit : the average of 16 pips is exactly the same whatever the market condition or volatility
trying to make everyday the best risk/reward decisions possible
  • #38,286
  • Jan 16, 2019 8:06am Jan 16, 2019 8:06am
Quoting slowbrain
{quote} after London open if you have trend reversal it happens normally around 9:30 if no trend reversal at 9:30 normally trend will last until 11:30 but if you check carefully like pivot point daily open act as magnet very often .... if not means = very strong trend day .....
Interesting. How about GBPUSD? Anything similar?
Buy low, sell high.
  • #38,287
  • Jan 16, 2019 8:08am Jan 16, 2019 8:08am
Quoting slowbrain
{quote} food for thoughts : since sunday open E/U make 90 moves of at least 8 pips for a total of 1442 pips for these 90 moves (average move is 16 pips ) interesting things is that this average of 16 pips is stable on daily basis since 2004 sunday night open price : 1.1457 / current price 1.1399 = 58 pips difference = 4% is trend 96% of the moves are noise ...
Sorry. Can you explain that? ''Since Sunday Open EU made 90 moves of at least 8 pips''. Measured against what? From every H1 Open? I feel I am missing something very easy here but my brain is stuck in horse-mode, or something!!!
  • #38,288
  • Jan 16, 2019 8:09am Jan 16, 2019 8:09am
[quote=lemercenaire;11891353]{quote} Sorry. Can you explain that? ''Since Sunday Open EU made 90 moves of at least 8 pips''. Measured against what? From every H1 Open? I feel I am missing something very easy here but my brain is stuck in horse-mode, or something!!![/quote]

Just play 1.e4. It is best by test.
Fix up, trade sharp ...
  • #38,289
  • Jan 16, 2019 8:09am Jan 16, 2019 8:09am
Quoting HappyMan
{quote} Interesting. How about GBPUSD? Anything similar?
i don't have data for G/U sorry , i just follow E/U
but i guess for G/U the filter should be 10 for an average of 18 or 20 pips
trying to make everyday the best risk/reward decisions possible
  • #38,290
  • Jan 16, 2019 8:10am Jan 16, 2019 8:10am
Quoting lemercenaire
{quote} Sorry. Can you explain that? ''Since Sunday Open EU made 90 moves of at least 8 pips''. Measured against what? From every H1 Open? I feel I am missing something very easy here but my brain is stuck in horse-mode, or something!!!
As long you aren't the jockey we should be ok !
  • #38,291
  • Jan 16, 2019 8:13am Jan 16, 2019 8:13am
Speaking of EU, I nabbed a few on the baby-rebound from the Z-Line. It was a spectacularly weak Z-Line - with the 50-Level a good distance above probably proving a bigger draw - and so as price doggedly refused to break below the 23.6, I bailed on it.

EU Short from Baby Z-Line H1

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1asqiuickZlineShort-two-16thJan19crop.png Size: 27 KB
  • #38,292
  • Jan 16, 2019 8:14am Jan 16, 2019 8:14am
Quoting lemercenaire
Speaking of EU, I nabbed a few on the baby-rebound from the Z-Line. It was a spectacularly weak Z-Line - with the 50-Level a good distance above probably proving a bigger draw - and so as price doggedly refused to break below the 23.6, I bailed on it. EU Short from Baby Z-Line H1 {image}
Price just moved up again. Drop from the 50?
  • #38,293
  • Jan 16, 2019 8:15am Jan 16, 2019 8:15am
Quoting Hickson
{quote} Sorry. Can you explain that? ''Since Sunday Open EU made 90 moves of at least 8 pips''. Measured against what? From every H1 Open? I feel I am missing something very easy here but my brain is stuck in horse-mode, or something!!! Just play 1.e4. It is best by test.
You're just taking the p**** now!
  • #38,294
  • Jan 16, 2019 8:16am Jan 16, 2019 8:16am
Quoting slowbrain
{quote} i don't have data for G/U sorry , i just follow E/U but i guess for G/U the filter should be 10 for an average of 18 or 20 pips
Same times for a reversal?
Buy low, sell high.
  • #38,295
  • Jan 16, 2019 8:16am Jan 16, 2019 8:16am
Quoting lemercenaire
{quote} Sorry. Can you explain that? ''Since Sunday Open EU made 90 moves of at least 8 pips''. Measured against what? From every H1 Open? I feel I am missing something very easy here but my brain is stuck in horse-mode, or something!!!
its like zigzag of at least 8 pips
ie :

price 1.1450 to have new high price have to reach at least 1.1458... let imagine that price reach 1.1465 the new high will be 1.1465 instead of 1.1450 to get a new low price have to go down at least to 1.1457 ... price continue to go down to 1.1447 so 1.1447 is the new low ( high : 1.1465 low 1.1447 )
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-16 151642.jpg Size: 104 KB
trying to make everyday the best risk/reward decisions possible
  • #38,296
  • Jan 16, 2019 8:18am Jan 16, 2019 8:18am
Quoting lemercenaire
{quote} You're just taking the p**** now!
Sorry, but I did not know better.
Fix up, trade sharp ...
  • #38,297
  • Jan 16, 2019 8:29am Jan 16, 2019 8:29am
EG worth a look seem s it wants to go south maybe test days low ? This is a horrible day lol.
  • #38,298
  • Jan 16, 2019 8:31am Jan 16, 2019 8:31am
EU gave me the rebound off the 50 level. Didn't hold it long as it is now counter to my new bias.

EU 50-Fib rebound t-90 Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-01-16 at 14.22.40 - Edited.png Size: 40 KB


+2

Attached Image
  • #38,299
  • Jan 16, 2019 8:32am Jan 16, 2019 8:32am
Going to vote for Corbyn if it comes to it. Sure he's an out and out idiot but we'll get more fun days like yesterday. Be NFP everyday with Diane doing the economic data.
  • #38,300
  • Jan 16, 2019 8:41am Jan 16, 2019 8:41am
Quoting claudia1
EG worth a look seem s it wants to go south maybe test days low ? This is a horrible day lol.
Mmmm...On Daily, price s below the 200 and 100 ma though only in last couple of days and hardly convincing. Plus you have a reasonably solid looking layered Demand Zone from around 8832 - 8809 with a buffer level above price at 8864 (so we are, in effect, inside the Demand Zone.

It may give a small bounce - up to maybe 8910? - but for me, if that turns it down again and we blow through this level of demand, then I'd see it getting to 8711 / 8680 / 8654.

I do agree though - definitely a day of lying in the long grass and picking off stragglers.
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