Billytt Die happy trading e/j daily breakout | Page 1928 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,541
  • Jan 20, 2019 1:08am Jan 20, 2019 1:08am
Quoting lemercenaire
{quote} Hi Billy. I don't know if it's me causing the confusion, as when I have been talking about the 00:00 - 04:00 bar, I am only talking about the AU play, not the ''fixer'' on GU. I was always under the impression that they were different animals. That's why Bo went off and used the AU set up all on ts own. Feel free to correct me if I am wrong.


erm. i don't think so lol..
I only ever traded one pair at a time, E/J then A/U then G/U .

(i know , i probably have traded 2 in the past) but not seriously.
I have always traded off the 00-00 4 bar but never said anything about it, i only mentioned it not long ago as i thought my days here were coming to an end.
There is a bit more i cannot speak of as it is close to how my bot works.....

You mentioned Bo in a post. i did speak to him often and i am glad he suddenly grasped the concept, especially with the retrace/fail trade because that is how i do it best.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,542
  • Jan 20, 2019 1:13am Jan 20, 2019 1:13am
Quoting lemercenaire
{quote} Bo did a lot of work on his own time and I wouldn't ask him to share that legwork here. There are reasons why. None of which concern us here. Suffice it to say, his work showed that it was better (for those against countering) to deliberately wait for a fail and then trade the break of the other side, aiming for the (modest) daily range. He would sometimes add in to that move if it looked strong enough by entering early as a WZ trade - in effect trading the retrace. However, this was just jam, as the main thing was the...

I just posted about the above.
Full marks to Bo for seeing the light lol.....
As for countering,,,, you definitely do not have to counter as a stop will suffice.
BUT in my opinion a counter works smoother AND the people trading for people/ selling tips/trading seminars etc can incorporate this NO LOSS into their sales info...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,543
  • Jan 20, 2019 1:17am Jan 20, 2019 1:17am
Quoting ForeXhell
{quote} Just posting a chart to make sure I understand the basics. Would this be a valid breakout, or do we add something like a safety pip and/or Spread? Is the SL discretionary or something else? Thanks and a great Saturday evening! Tom {image}
Hi F.
a break is a break. i had no filter etc. the break had to be exact not a fraction before the exact whole number, it did not matter if it were slightly more than the trigger BUT NOT LESS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,544
  • Jan 20, 2019 1:19am Jan 20, 2019 1:19am
Quoting ForeXhell
{quote} Sorry my first response I had the EURJPY and not the GBPUSD! Looking only at 4 Hr bars makes it easier to understand but going down to lower time frames I can see that price is justing testing the high or low with a few pips. Thatīs why I asked about including safety pips and/or Spread and about the SL. Or is it all about the retrace? Maybe I am mixing things up, but dont we go for 5 Pips?
I was showing charts for info and it doesnt matter what the pair is/was .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,545
  • Jan 20, 2019 1:26am Jan 20, 2019 1:26am
[quote=kevin1959;11904060]
Quoting ForeXhell
{quote} Hi Tom The Labradoodle is around six years old, and he loves long walks. Good luck with your trading, and I am sure you will enjoy this site. Regards Kev
Ahh okay ... missunderstood all about the Labra. Reading a forteign language too fast may lead to confusion ;-)
I thought you bought a Labradoodle puppy for your friends. But you are taking care of it!
Good luck for you as well and happy Sunday!
Tom
  • #38,546
  • Jan 20, 2019 1:34am Jan 20, 2019 1:34am
Quoting billytt
{quote} Hi F. a break is a break. i had no filter etc. the break had to be exact not a fraction before the exact whole number, it did not matter if it were slightly more than the trigger BUT NOT LESS.
Understood and Saved !

Quoting billytt
{quote} I was showing charts for info and it doesnt matter what the pair is/was .
Okay, understood as well. So its the trader not the pair!

Thank you Sir!
  • #38,547
  • Jan 20, 2019 1:37am Jan 20, 2019 1:37am
Quoting ForeXhell
{quote} Understood and Saved ! {quote} Okay, understood as well. So its the trader not the pair! Thank you Sir!
if a person traded e/j or a/u or e/j and asked a question, i would still probably post a g/u chart lol as an example.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,548
  • Jan 20, 2019 1:38am Jan 20, 2019 1:38am
Quoting ForeXhell
{quote} {quote} Hi Claudia and Hickson, Hmm thinking abou that provides me with GooseBumps :-) What time frame would you recommend for 20/60? Right now I am watching 5 and 15 Mins and try to find 1-2-3 setups. Cheers Tom
Use 1h mainly if trading that way.
  • #38,549
  • Jan 20, 2019 2:40am Jan 20, 2019 2:40am
Quoting billytt
{quote} Hi, i am not sure what you mean?.... When i traded E/J Daily Break many years ago , the break could happen any time(in theory) so i had alarm setup on its movement should it happen in the early hours. Then with all my stats i found out trading off the 04-00 4 hour bar was the best. That also meant i could sleep .... As far as i am concerned Frankie may as well not exist so too with US market open. With the 04-00 4 hr bar, we are basically trading from the Asian session.. The 00-00 4 hour bar is excellent for focusing on the adr and fixing...
Was referring to Frankenbreak on EUR/GBP and how to make it work without a hedging approach, which is not allowed for me as stated before. It is a bit of a different pair, mostly choppy, small ranges ... but we know that it does the Frankenbreak on a pretty consistent basis ...
Fix up, trade sharp ...
  • #38,550
  • Jan 20, 2019 2:45am Jan 20, 2019 2:45am
Quoting Hickson
{quote} Was referring to Frankenbreak on EUR/GBP and how to make it work without a hedging approach, which is not allowed for me as stated before. It is a bit of a different pair, mostly choppy, small ranges ... but we know that it does the Frankenbreak on a pretty consistent basis ...
of course, sorry bud.
I think it is unfair that you cannot have the freedom to trade like the Brits.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,551
  • Jan 20, 2019 2:54am Jan 20, 2019 2:54am
Quoting billytt
{quote} of course, sorry bud. I think it is unfair that you cannot have the freedom to trade like the Brits.
lol ... if we talk about all the things not fair, we will never have a life again. Gotta deal with things as they are. Will look for cable breakouts intraday starting tomorrow as I assume the markets are slowly behaving a bit more "normal". Will also start to watch UJ a bit on the side, it likes to range and could provide some nice stress free setups. Sounds all great in theory, let's see ...
Fix up, trade sharp ...
  • #38,552
  • Jan 20, 2019 4:32am Jan 20, 2019 4:32am
Quoting billytt
{quote}[/color] erm. i don't think so lol.. I only ever traded one pair at a time, E/J then A/U then G/U . (i know , i probably have traded 2 in the past) but not seriously. I have always traded off the 00-00 4 bar but never said anything about it, i only mentioned it not long ago as i thought my days here were coming to an end. There is a bit more i cannot speak of as it is close to how my bot works..... You mentioned Bo in a post. i did speak to him often and i am glad he suddenly grasped the concept, especially with the retrace/fail trade because...
Good day, sir Billy!

Gotta appreciate the waterfall of wisdom from you. Is there a concise guide to trade retrace/fail? I think I got a general idea and just need a description to make sure I got it right.

Thanks!
Buy low, sell high.
  • #38,553
  • Jan 20, 2019 4:50am Jan 20, 2019 4:50am
Just watched a Deliveroo bike rider (cyclist, not scooter!) tootling along the m8!!!

Guy in a Merc eventually pulled up behind him and hazards flashing, stayed behind him to protect him.

Cops appeared double-quick, funnily enough, lol.

Somebody ain't getting their pizza!!!
  • #38,554
  • Jan 20, 2019 4:57am Jan 20, 2019 4:57am
Quoting lemercenaire
Just watched a Deliveroo bike rider (cyclist, not scooter!) tootling along the m8!!! Guy in a Merc eventually pulled up behind him and hazards flashing, stayed behind him to protect him. Cops appeared double-quick, funnily enough, lol. Somebody ain't getting their pizza!!!
lol ... wtf ...
Fix up, trade sharp ...
  • #38,555
  • Jan 20, 2019 5:51am Jan 20, 2019 5:51am
Quoting lemercenaire
Just watched a Deliveroo bike rider (cyclist, not scooter!) tootling along the m8!!! Guy in a Merc eventually pulled up behind him and hazards flashing, stayed behind him to protect him. Cops appeared double-quick, funnily enough, lol. Somebody ain't getting their pizza!!!
I'll beat T to it.
Attached Image
  • #38,556
  • Jan 20, 2019 6:46am Jan 20, 2019 6:46am
Quoting billytt
{quote} if a person traded e/j or a/u or e/j and asked a question, i would still probably post a g/u chart lol as an example.
  • #38,557
  • Jan 20, 2019 6:48am Jan 20, 2019 6:48am
Quoting claudia1
{quote} Use 1h mainly if trading that way.
Thank You !
  • #38,558
  • Jan 20, 2019 2:39pm Jan 20, 2019 2:39pm
t 22-39
trade well all.
I am still not trading yet.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,559
  • Jan 20, 2019 3:10pm Jan 20, 2019 3:10pm
t 23-06
Cable.
opened at 12874 Monday adr range is 124.
therefore the adr High =12998 and Low =12750.
At the moment this means nothing but we have an idea.
Attached Image

charts shows high/low and a couple of mini levels.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,560
  • Jan 20, 2019 11:33pm Jan 20, 2019 11:33pm
Good Morning Guys on this Foggy Misty day, its like a scene from Hounds of the Baskervilles L.O.L. scary . No trades for me as yet just chilling, reading, The spreads on the Monster still not to my liking at Frankie sooooooo just watching the "merry go round". Good hunting to those who are trading catch you later.
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