Billytt Die happy trading e/j daily breakout | Page 2257 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #45,121
  • Oct 23, 2019 1:49am Oct 23, 2019 1:49am
Quoting bojack34
{quote} im trying understand your reply but im struggling. I'm not sure if this is correct but it sounds like to me your telling me to put in 2 trades. The first at the 2nd trigger of the 08-15 bar and then another to chase daily range at the break of the 00-00 bar. Is this correct?
I'm just trying to figure out how to use the 00 bar in relation to the 08-15 bar when chasing daily range. Sometimes the 08-15 bar opens up having already broken the trigger of the 00 bar. Knowing when to enter a trade using both the 00 bar and the 08-15 bar triggers is something im trying to figure out.
  • #45,122
  • Oct 23, 2019 3:22am Oct 23, 2019 3:22am
Quoting bojack34
{quote} im trying understand your reply but im struggling. I'm not sure if this is correct but it sounds like to me your telling me to put in 2 trades. The first at the 2nd trigger of the 08-15 bar and then another to chase daily range at the break of the 00-00 bar. Is this correct?
Today. The 08-00 bar high broke and Failed.
The 08-00 Low triggered and I got 5% I also have a counter running and I am currently -20 points.
The 00-00 low broke and retraced I added a short and took 15 points.
i have just added another short. If the 00-00 fails I will counter and look for Daily High.
I am actually - 5 points total at this time. ( but still have my 5%.

sorry for complicating things.

edit. Time 09-22
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,123
  • Oct 23, 2019 3:23am Oct 23, 2019 3:23am
I cheated, I just battered Dax.
i took info off a colleague. Lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,124
  • Oct 23, 2019 3:27am Oct 23, 2019 3:27am
Quoting bojack34
{quote} I'm just trying to figure out how to use the 00 bar in relation to the 08-15 bar when chasing daily range. Sometimes the 08-15 bar opens up having already broken the trigger of the 00 bar. Knowing when to enter a trade using both the 00 bar and the 08-15 bar triggers is something im trying to figure out.
I may be wrong here but I think what Billy is saying is that if one end of the 8-8:15am bar fails, trade the other end (so now you are fully hedged so to speak). After that, look at the 12am-4am bar. Wait for one side breaking (do not trade this), then wait for the other side and chase the daily range on that side. Not sure what happens when the 8-8:15am bar breaks one or both sides of the 12am - 4am bar.
  • #45,125
  • Oct 23, 2019 4:27am Oct 23, 2019 4:27am
Quoting ia1979
{quote} I may be wrong here but I think what Billy is saying is that if one end of the 8-8:15am bar fails, trade the other end (so now you are fully hedged so to speak). After that, look at the 12am-4am bar. Wait for one side breaking (do not trade this), then wait for the other side and chase the daily range on that side. Not sure what happens when the 8-8:15am bar breaks one or both sides of the 12am - 4am bar.
You've got it.
let me simplify it in next post.
Everyone must remember, I went from trading the Daily to trading the 15 minute bar.
But the common thing between them is the 00-00 (and 04-00) 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,126
  • Oct 23, 2019 4:37am Oct 23, 2019 4:37am
1st.....
08-00 15 minute bar with a 20 Pip range.
If low triggers and Fails we then Long to counter PLUS a second trade looking for the 5%.
This is optional. Should this fail we just counter the other end and only once.
So we could have a potential -60 Pip in counter, But we have not lost.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,127
  • Oct 23, 2019 5:12am Oct 23, 2019 5:12am
Quoting billytt
1st..... 08-00 15 minute bar with a 20 Pip range. If low triggers and Fails we then Long to counter PLUS a second trade looking for the 5%. This is optional. Should this fail we just counter the other end and only once. So we could have a potential -60 Pip in counter, But we have not lost.
2nd
we have the 00-00 4 hour bar. ( Let's keep it separate from 08-00 Trade for now).
if one end breaks and then fails we have very good odds of hunting the Daily Range..

example. The 08-00 low might break and fail. The 00-00 low might break then reverse to break High. Hunting the daily should get enough points to fix the 08-00 Fail.
Then we have inside bars on the 4 hour.
we also have the 04-00 2 hour bar as well as the 04-00 4 hour bar.
its gets easy lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,128
  • Oct 23, 2019 6:11am Oct 23, 2019 6:11am
'Morning all. Or nearly-afternoon-all as it actually is.

Wednesday, so no action for me today but for those that were around (going back to 04:00 uk time) you'd have had fun jumping on-and-off the significant level at 1.2845. Loadz-a'-munnaayy!!!

The Not-The-Billy-Bar played ball today and bagged the +5 easily before going on for more.

Attached Image (click to enlarge)
Click to Enlarge Name: GUasNTBB23rdOct19.png Size: 35 KB


The Billy-Bar came in at 21 pips, so pretty big and tbh if I had played the morning, I would have expected a pullback, so more like a WZ short for me. However, all speculation, as I wasn't there to trade it. +4.7 on the long break so technically a ''fail''.

+11 on the low break out the other side. +18 for the full move down.

Attached Image (click to enlarge)
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  • #45,129
  • Oct 23, 2019 6:17am Oct 23, 2019 6:17am
Quoting billytt
I cheated, I just battered Dax. i took info off a colleague. Lol
Edit. I was asked, why I traded Dax when I said I had stopped.
Like I said, my colleague got in touch with me and said it was a good opportunity lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,130
  • Oct 23, 2019 6:23am Oct 23, 2019 6:23am
Quoting billytt
{quote} Edit. I was asked, why I traded Dax when I said I had stopped. Like I said, my colleague got in touch with me and said it was a good opportunity lol.
Yeah, The DAX looked pretty nifty this morning. Glad you got some of it.
  • #45,131
  • Oct 23, 2019 6:59am Oct 23, 2019 6:59am
Quoting lemercenaire
{quote} Yeah, The DAX looked pretty nifty this morning. Glad you got some of it.
He phoned me and then just said HIT IT, lol.

i would never ever question him,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,132
  • Oct 23, 2019 4:14pm Oct 23, 2019 4:14pm
Quoting billytt
1st..... 08-00 15 minute bar with a 20 Pip range. If low triggers and Fails we then Long to counter PLUS a second trade looking for the 5%. This is optional. Should this fail we just counter the other end and only once. So we could have a potential -60 Pip in counter, But we have not lost.
Billy in the above scenario, would we not be -40 instead of -60?
  • #45,133
  • Oct 24, 2019 12:38am Oct 24, 2019 12:38am
Quoting ia1979
{quote} Billy in the above scenario, would we not be -40 instead of -60?
Duh!!!!! correct...… that now looks better lol....

Originally it would of been -20 , just one counter and nothing else.
I use 20 as an example, quite often it is 10/11/12 etc.

These margin rules are quite bad though. it is as though they are trying to kill traders who know how to trade profitably.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,134
  • Oct 24, 2019 12:38am Oct 24, 2019 12:38am
Cable, 00-00 4 hour bar. nothing has happened yet.
Trade well all.
t 06-38
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,135
  • Oct 24, 2019 1:32am Oct 24, 2019 1:32am
'Morning folks.

Red news all over the Euro today, so no doubt The Monster will come out in sympathy. On a bare bones look, we have to look at how things stand and think that we could get a drop... As if what we think will make any difference to what actually happens!

A bit of movement between 12853 and 12619 would be nice but we will wait and see. 12765 could provide an intermediate layer.
  • #45,136
  • Oct 24, 2019 1:32am Oct 24, 2019 1:32am
Cable, the 00-00 4 hour bar high was triggered not long ago.
I now want it to drop and break low. that is a 21 range.
Trade well all.
t 07-32
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,137
  • Oct 24, 2019 1:33am Oct 24, 2019 1:33am
Quoting lemercenaire
'Morning folks. Red news all over the Euro today, so no doubt The Monster will come out in sympathy. On a bare bones look, we have to look at how things stand and think that we could get a drop... As if what we think will make any difference to what actually happens! A bit of movement between 12853 and 12619 would be nice but we will wait and see. 12765 could provide an intermediate layer.
I am just agreeing with you Lem, even though I have not looked. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,138
  • Oct 24, 2019 1:34am Oct 24, 2019 1:34am
While we wait for the real action to begin, picked up a couple of snips off of a Supply Drop.

DAX 1-min +1.5 +2.5 [+4]

Attached Image (click to enlarge)
Click to Enlarge Name: DAX+1.5+2.5offofpreKOsupplydrop24thoct19.png Size: 44 KB
  • #45,139
  • Oct 24, 2019 1:37am Oct 24, 2019 1:37am
Cable..... once we have a break and a retrace ,,, we can have a retrace trade.
That way we can lose less if it fails, make a few points to return of high/low or make extra points......
t 07-35
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,140
  • Oct 24, 2019 1:39am Oct 24, 2019 1:39am
Missed the perfect Sleepy Hollow trade as I was posting the last above and took a poor entry level on the follow up, so closed them as soon as they showed green.

DAX 1-min +0.5 +1 [+1.5]

Attached Image (click to enlarge)
Click to Enlarge Name: DAXandpoorentrytok+0.5+1on24thoct19.png Size: 45 KB
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