Billytt Die happy trading e/j daily breakout | Page 1919 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,361
  • Edited 7:09am Jan 17, 2019 6:56am | Edited 7:09am
Magenta circle = false break .... high probability to see a reversal .... no real reversal without a false break first .... if no false break = just retracement to the mean ....

Edit: i want to see false break touching the bollinger bands to open a position
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-17 135426.jpg Size: 150 KB
trying to make everyday the best risk/reward decisions possible
  • #38,362
  • Jan 17, 2019 7:30am Jan 17, 2019 7:30am
Great input SB, and Thank you, You have put together a solid trade plan, and as Lem has already said, a Lot of work has gone in to developing your edge. Thanks for sharing here.
  • #38,363
  • Jan 17, 2019 7:34am Jan 17, 2019 7:34am
Quoting slowbrain
Magenta circle = false break .... high probability to see a reversal .... no real reversal without a false break first .... if no false break = just retracement to the mean .... Edit: i want to see false break touching the bollinger bands to open a position {image}
Agree - that is the usual pattern. Spike the key level, then take the p*** out of the poor souls whol went in the spike direction with huge lots ...
Fix up, trade sharp ...
  • #38,364
  • Jan 17, 2019 8:08am Jan 17, 2019 8:08am
Spectacular moves on AN H4 in the meantime @Lem and Claudia ...
Attached Image (click to enlarge)
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Fix up, trade sharp ...
  • #38,365
  • Jan 17, 2019 8:28am Jan 17, 2019 8:28am
t 14-24.
CABLE CHART COPIED APPROX 14-20 uk TIME.

Attached Image


The 00-00 4 hour bar low broke for xxxx then reversed to break high.
so far for approx 35 [points.

The adr has been adjusted accordingly to High 12957 & Low 12792.

notice the mini levels were hit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,366
  • Jan 17, 2019 8:28am Jan 17, 2019 8:28am
Cable...
08-00 15 min bar break,
the low b roke for + 5 blah blah
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,367
  • Jan 17, 2019 9:53am Jan 17, 2019 9:53am
Quoting billytt
Cable... 08-00 15 min bar break, the low b roke for + 5 blah blah
And then price reversed pass open of 8 am to 8:15 am candle ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20190117_15.51.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
  • #38,368
  • Jan 17, 2019 9:59am Jan 17, 2019 9:59am
EURUSD H1: The NY reversal was real, H1 falling trend line held it so far. Not a great fan of TLs, but sometimes it is interesting:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
Fix up, trade sharp ...
  • #38,369
  • Jan 17, 2019 10:20am Jan 17, 2019 10:20am
Quoting Hickson
EURUSD H1: The NY reversal was real, H1 falling trend line held it so far. Not a great fan of TLs, but sometimes it is interesting: {image}
Double bottom ??
we should not cross up 90
trying to make everyday the best risk/reward decisions possible
  • #38,370
  • Jan 17, 2019 10:25am Jan 17, 2019 10:25am
Quoting slowbrain
{quote} Double bottom ?? we should not cross up 90
Quick question SB. if thats ok, does this mean price not to spike 90 or close above 90, cheers.
  • #38,371
  • Jan 17, 2019 10:34am Jan 17, 2019 10:34am
Quoting turnip15
{quote} And then price reversed pass open of 8 am to 8:15 am candle ? {image}
it did indeed i believe
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,372
  • Jan 17, 2019 10:48am Jan 17, 2019 10:48am
Quoting billytt
{quote} it did indeed i believe
It did ... I know because I got stopped out of my long from the bottom by 2 pips lol ... but hey, recovered some at least later. Riding the 100 pip profit would have been fun though ...
Fix up, trade sharp ...
  • #38,373
  • Jan 17, 2019 10:49am Jan 17, 2019 10:49am
Quoting slowbrain
Magenta circle = false break .... high probability to see a reversal .... no real reversal without a false break first .... if no false break = just retracement to the mean .... Edit: i want to see false break touching the bollinger bands to open a position {image}
If you take a look at those circled areas, virtually all of them are to (mostly) fib 50 levels / Z-Lines. There's no mystery.
  • #38,374
  • Jan 17, 2019 11:15am Jan 17, 2019 11:15am
Quoting Pipradar
{quote} Quick question SB. if thats ok, does this mean price not to spike 90 or close above 90, cheers.
Pip

i dont wan't to see price to break last high before the last big down
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2019-01-17 181500.jpg Size: 102 KB
trying to make everyday the best risk/reward decisions possible
  • #38,375
  • Jan 17, 2019 11:18am Jan 17, 2019 11:18am
Quoting lemercenaire
{quote} If you take a look at those circled areas, virtually all of them are to (mostly) fib 50 levels / Z-Lines. There's no mystery.
i see ... thanks i never notice ...
trying to make everyday the best risk/reward decisions possible
  • #38,376
  • Jan 17, 2019 11:25am Jan 17, 2019 11:25am
t17-23
Cable,,,, the adr range of 132 was made..
Attached Image


the next mini level high is 12990 area and the new lower mini level is 12890 then 12850.

Posting adr is far easier after it happens than trying to live call it, lol
That is why i prefer to cash in a percentage of these big moves.

edit. i posted wrong chart at first , duh!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,377
  • Jan 17, 2019 11:29am Jan 17, 2019 11:29am
Quoting billytt
t17-23 Cable,,,, the adr range of 132 was made.. {image} the next mini level high is 12990 area and the new lower mini level is 12890 then 12850. Posting adr is far easier after it happens than trying to live call it, lol That is why i prefer to cash in a percentage of these big moves. edit. i posted wrong chart at first , duh!
You know, everyone is the big guru after the facts ... lol ... but you know what works, that is the main thing, mate.
Fix up, trade sharp ...
  • #38,378
  • Jan 17, 2019 11:37am Jan 17, 2019 11:37am
Quoting billytt
t17-23 Cable,,,, the adr range of 132 was made.. {image} the next mini level high is 12990 area and the new lower mini level is 12890 then 12850. Posting adr is far easier after it happens than trying to live call it, lol That is why i prefer to cash in a percentage of these big moves. edit. i posted wrong chart at first , duh!
Was watching closely as well. Got some pips along the move. Yay!

How did you get the mini level high at 12990? Going back a few days does not help. ;-)
Buy low, sell high.
  • #38,379
  • Jan 17, 2019 11:41am Jan 17, 2019 11:41am
Quoting Hickson
{quote} You know, everyone is the big guru after the facts ... lol ... but you know what works, that is the main thing, mate.
It is hard for me to explain and i try to get people to actually feel a trade.

We have the adr , lets say it is 100.
It moves down but will it go all of the way down OR part way.
If it goes down part way and the retraces that is good because we have more chance of it moving up to make 100.

Once we have movement and it stops for a while/consolidates or what ever you want to call it.
This is the emotional part because we then have the fear of losing our gain.

It can and does happen, but we have excellent stats and of course counter. yaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,380
  • Jan 17, 2019 11:58am Jan 17, 2019 11:58am
Quoting slowbrain
{quote} Pip i dont wan't to see price to break last high before the last big down {image}
Got it thanks SB. I was thinking you may have been referencing to the Wednesday night GMT 10pm Open. at 1.13899. all good thanks bud
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