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Billytt Die happy trading e/j daily breakout

  • #43,281
  • Aug 8, 2019 3:08am Aug 8, 2019 3:08am
Quoting lemercenaire
{quote} 'Morning, Billy. Sounds like you are very happy. Good to hear, buddy.
GF says I should buy a Pirate boat lol. I do not do Sails? I want a big outboard on the back.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,282
  • Aug 8, 2019 3:14am Aug 8, 2019 3:14am
Quoting civilpes2001
{quote} Hi lemercenaire, Can you please let me know what is the red line in the chart? is it a MA or some other indicator. would you be kind enough to share your scalping strategy? Thanks in advance.
Hi. The red line is a 20 ema.

The strategy, such as it is, uses the Lightning Kumo from the Japanese Thunder & Lightning method.

I combine the layout with classic Bob Volman style entries - pull backs into the momentum, rejection candles, micro S+D clear outs and breaks from contraction.

You will also occasionally see me mention Spike-Hunting, including today. This is completely different and stands on its own.

The settings for the Lightning Kumo are:

7, 12, 15 and 6. Drop the 6 if you are using mt4.

1-min or tick chart.

Find and use your own preferred way to establish a directional bias.

This is not for the faint hearted or rookie trader, especially using The DAX. It is very much a barnstorming style of trading and will kill the unwary quicker than a .50 Cal to the head.

If that hasn't put you off, then feel free to ask questions as you practice on your demo account
  • #43,283
  • Aug 8, 2019 3:19am Aug 8, 2019 3:19am
Quoting billytt
{quote} GF says I should buy a Pirate boat lol. I do not do Sails? I want a big outboard on the back.
Had a Cruiser once upon a time. Looked great sitting at its mooring, lol.

Sails seem like an awful lot of hard work

Black Sails is one of my favourite tv series though...

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  • #43,284
  • Aug 8, 2019 3:25am Aug 8, 2019 3:25am
Forgot about The Billy Bar.

Once again, the range seems too big. Came in at 26.

I would have had a short bias, ignored the long break and have gone in on a WZ short back into the body. It's moved about +15 so far, so the +5 would have been safe.

Playing it straight, the break North was a fail.

GU Billy-Bar

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  • #43,285
  • Aug 8, 2019 3:27am Aug 8, 2019 3:27am
Right, there's a skip with my name on it, so I am definitely away now.

Have fun everyone and back later.
  • #43,286
  • Aug 8, 2019 4:34am Aug 8, 2019 4:34am
Quoting billytt
{quote} Hi Patje, my main Trade bar is the 08-00 to 08-15 (15 minute bar). Once the next bar opens I Long or Short the break. If it fails I counter. i also do this with the 00-00 4 hour bar, but am more selective. with the 00-00 4 hour bar I can chase the daily range. ( or part of it). Hope this helps.
thanks Billytt sounds simple, but guess it aint that easy....will keep my eye on it......saw that over the last weeks... the odds break out/fake out where 50/50..so trading it will take a lot of practice especially the counter part ...will try it on demo the next weeks...to see if i can get a feeling for it .....btw enjoy the house in the forest....
  • #43,287
  • Aug 8, 2019 6:32am Aug 8, 2019 6:32am
Quoting lemercenaire
{quote} Hi. The red line is a 20 ema. The strategy, such as it is, uses the Lightning Kumo from the Japanese Thunder & Lightning method. I combine the layout with classic Bob Volman style entries - pull backs into the momentum, rejection candles, micro S+D clear outs and breaks from contraction. You will also occasionally see me mention Spike-Hunting, including today. This is completely different and stands on its own. The settings for the Lightning Kumo are: 7, 12, 15 and 6. Drop the 6 if you are using mt4. 1-min or tick chart. Find and use your...
Old Ichi can get altered to suit one's style. I am using the slower ma on it.( But on those whippy starts/opens it will pay to wait until things calm down.
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every Saint has a past. Every Sinner has a Future
  • #43,288
  • Aug 8, 2019 6:42am Aug 8, 2019 6:42am
Quoting billytt
{quote} GF says I should buy a Pirate boat lol. I do not do Sails? I want a big outboard on the back.
"Billy the Pirate" - it has a ring about it maybe.
Attached Image
every Saint has a past. Every Sinner has a Future
  • #43,289
  • Aug 8, 2019 7:07am Aug 8, 2019 7:07am
Quoting lemercenaire
Forgot about The Billy Bar. Once again, the range seems too big. Came in at 26. I would have had a short bias, ignored the long break and have gone in on a WZ short back into the body. It's moved about +15 so far, so the +5 would have been safe. Playing it straight, the break North was a fail. GU Billy-Bar {image}
Waiting for the next bar makes sense for various reasons.
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  • #43,290
  • Aug 8, 2019 7:14am Aug 8, 2019 7:14am
Quoting claudia1
{quote} Waiting for the next bar makes sense for various reasons. {image}
Applying same to NY with orders both ways. Range is around 10 on that bar so far.

Edit: or it was the thing broke whilst putting orders in lol.
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  • #43,291
  • Aug 8, 2019 8:09am Aug 8, 2019 8:09am
Quoting Patje
{quote} thanks Billytt sounds simple, but guess it aint that easy....will keep my eye on it......saw that over the last weeks... the odds break out/fake out where 50/50..so trading it will take a lot of practice especially the counter part ...will try it on demo the next weeks...to see if i can get a feeling for it .....btw enjoy the house in the forest....
Thankyou
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,292
  • Aug 8, 2019 8:18am Aug 8, 2019 8:18am
Quoting claudia1
{quote} Applying same to NY with orders both ways. Range is around 10 on that bar so far. Edit: or it was the thing broke whilst putting orders in lol. {image}
Worked out in the end.

Different chart from other machine but same prinicpal
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  • #43,293
  • Aug 8, 2019 8:50am Aug 8, 2019 8:50am
Dow
One loser and one winner so far. Result...A draw, zilch...beggar all thus far. I blame Billy !!!
every Saint has a past. Every Sinner has a Future
  • #43,294
  • Aug 8, 2019 9:03am Aug 8, 2019 9:03am
U/Cad worth a watch tomorrow 13.30 with the news.
  • #43,295
  • Aug 8, 2019 9:11am Aug 8, 2019 9:11am
Quoting claudia1
{quote} Waiting for the next bar makes sense for various reasons. {image}
getting a bit confused here.... hahaha , so claudia1... you trade the bar after the Billy bar?....what are your reasons to take that on ?
  • #43,296
  • Aug 8, 2019 9:13am Aug 8, 2019 9:13am
Quoting Patje
{quote} getting a bit confused here.... hahaha , so claudia1... you trade the bar after the Billy bar?....what are your reasons to take that on ?
Because by then the market has settled down and found direction - not every time of course. Plus with USA any major news releases come out 13.30.

Just figure out what works for you.
  • #43,297
  • Aug 8, 2019 10:00am Aug 8, 2019 10:00am
Crazy days but whichever way you look at it the numbers and pivots are still respected.
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  • #43,298
  • Aug 8, 2019 10:13am Aug 8, 2019 10:13am
Quoting turnip15
Dow One loser and one winner so far. Result...A draw, zilch...beggar all thus far. I blame Billy !!!
Ended my Dow foray with three losers on the trot. So I have stopped for the day.
Bound to happen statistically, I suppose. But I still feel ( Claudia might be reading this).....very cross indeed, with myself

Worse, looking at the Tech100 ( Nas).....went up no probs. Worse....it was on my screen but I never looked at it. I kept looking at the Dow.

I feel better now nurse.
every Saint has a past. Every Sinner has a Future
  • #43,299
  • Aug 8, 2019 10:17am Aug 8, 2019 10:17am
Quoting claudia1
{quote} Because by then the market has settled down and found direction - not every time of course. Plus with USA any major news releases come out 13.30. Just figure out what works for you.
Bit like 'Pick and mix sweets.' Take the bits that you like and test the resulting mix. Then plough your own furrow. You can never replicate someone else's approach because you are not them ( like Oscar Wilde - "I wish I had said that" originally.)
every Saint has a past. Every Sinner has a Future
  • #43,300
  • Aug 8, 2019 10:23am Aug 8, 2019 10:23am
Quoting turnip15
{quote} Bit like 'Pick and mix sweets.' Take the bits that you like and test the resulting mix. Then plough your own furrow. You can never replicate someone else's approach because you are not them ( like Oscar Wilde - "I wish I had said that" originally.)
'Be yourself; everyone else is already taken
To live is the rarest thing in the world. Most people exist, that is all.
I can resist everything except temptation.'
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