Billytt Die happy trading e/j daily breakout | Page 2273 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #45,441
  • Nov 19, 2019 1:05am Nov 19, 2019 1:05am
Cable, 08-00 15 minute high break. Fail.
now short and fixing
t 09-05
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,442
  • Nov 19, 2019 1:43am Nov 19, 2019 1:43am
Quoting billytt
Cable, 08-00 15 minute high break. Fail. now short and fixing t 09-05
the break of low made +5%, I have a counter on at -10, and already reduced it to -8
t09-43
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,443
  • Nov 19, 2019 1:45am Nov 19, 2019 1:45am
Cable, the 00-00 4 hour bar, the Low has just broken and I am short.
Hoping it drops down to 12914 area for average dailyy range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,444
  • Nov 19, 2019 1:48am Nov 19, 2019 1:48am
Quoting billytt
Cable, the 00-00 4 hour bar, the Low has just broken and I am short. Hoping it drops down to 12914 area for average dailyy range.
that works out to be right around the low of the 00-00 4 hour bar from yesterday.
  • #45,445
  • Nov 19, 2019 2:07am Nov 19, 2019 2:07am
Quoting bojack34
{quote} that works out to be right around the low of the 00-00 4 hour bar from yesterday.
that 12945 area looks like a support level, but I still shorted, it has moved up and I added a second short which was good. I am just playing lines
t 10-07 hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,446
  • Nov 19, 2019 2:24am Nov 19, 2019 2:24am
Quoting billytt
{quote} that 12945 area looks like a support level, but I still shorted, it has moved up and I added a second short which was good. I am just playing lines t 10-07 hope you are well.
2950 is daily pivot and will be hard to break. 2850 was a pain last week.

Edit: but it just broke ! Crazy times.
Attached Image (click to enlarge)
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  • #45,447
  • Nov 19, 2019 2:26am Nov 19, 2019 2:26am
Quoting claudia1
{quote} 2950 is daily pivot and will be hard to break. 2850 was a pain last week. {image}
yep, I was aware but I am expecting some big move .
Don't ask when lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,448
  • Nov 19, 2019 4:11am Nov 19, 2019 4:11am
Dax summary -not very tidy and maybe missed an opportunity but got two losers on the trot and a couple of wins. I think luck had also had a hand.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #45,449
  • Nov 19, 2019 4:25am Nov 19, 2019 4:25am
Cable, we got to 10 away from the low before a retrace into the 00-00 4 hour range, so I shorted again yaaaaaay.
t 12-25
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,450
  • Nov 19, 2019 5:28am Nov 19, 2019 5:28am
Cable... my bias is short, (earlier it was long.
We are now back in the 00-00 4 hour bar range, we can short it yet again. If it fails it fails .
with a daily range so far of 44/45 we can play.
Trade well all.
t 13-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,451
  • Nov 19, 2019 5:37am Nov 19, 2019 5:37am
Quoting turnip15
Dax summary -not very tidy and maybe missed an opportunity but got two losers on the trot and a couple of wins. I think luck had also had a hand. {image}
I went back to my pit. Late night watching the Monday Night Football game, lol.
  • #45,452
  • Nov 19, 2019 5:40am Nov 19, 2019 5:40am
Quoting billytt
Cable... my bias is short, (earlier it was long. We are now back in the 00-00 4 hour bar range, we can short it yet again. If it fails it fails . with a daily range so far of 44/45 we can play. Trade well all. t 13-28
Cable,,, it could just move up and bounce down off the High 12956 area....OR keep going lol.
what ever it does we shall nail it,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,453
  • Nov 19, 2019 5:42am Nov 19, 2019 5:42am
While Billy gets ready with his nail gun, I will post this instead...

Inserted Video
  • #45,454
  • Nov 19, 2019 7:01am Nov 19, 2019 7:01am
The Dow -after hesitation on my part waiting for the usual 'whip' - got a nice short.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #45,455
  • Nov 19, 2019 8:22am Nov 19, 2019 8:22am
Quoting billytt
Cable... my bias is short, (earlier it was long. We are now back in the 00-00 4 hour bar range, we can short it yet again. If it fails it fails . with a daily range so far of 44/45 we can play. Trade well all. t 13-28
So it did drop again...

Then it went back up into the dark zone (new name for 00-00 4 hour bar area.

THEN, it dropped again yaaaaaaaaaaaaaaaaaaay.
the bias is still short until the High of the Dark Zone is broken.
Still a very small daily range.
t 16-22 and I have done.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,456
  • Nov 19, 2019 8:38am Nov 19, 2019 8:38am
Both Dax + FTSE are in the Dark Zone, with a Long Bias

earlier gbp/nzd was, but that continued down.
t 16-38
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,457
  • Nov 19, 2019 10:11pm Nov 19, 2019 10:11pm
We have a 00 line sitting really close to the Lower Trigger of the 00-00 4 hour bar. Let's hope for a break of the high first and then a strong break of the low and the 00 line.
  • #45,458
  • Nov 19, 2019 10:58pm Nov 19, 2019 10:58pm
Quoting billytt
{quote} the break of low made +5%, I have a counter on at -10, and already reduced it to -8 t09-43
Billytt, can I ask how did you 'fix' that trade, did you enter a 2nd long after retracement?
Was the trade totally in profit? (including all long and short positions)
I think this one is a typical example of a false breakout, how do you handle with these situations?
Thank you.

https://charts.mql5.com/22/839/gbpus...al-markets.png
  • #45,459
  • Nov 19, 2019 11:15pm Nov 19, 2019 11:15pm
Quoting hoaei
{quote} Billytt, can I ask how did you 'fix' that trade, did you enter a 2nd long after retracement? Was the trade totally in profit? (including all long and short positions) I think this one is a typical example of a false breakout, how do you handle with these situations? Thank you. https://charts.mql5.com/22/839/gbpus...al-markets.png
Hi H and welcome...
I do not believe in the words FALSE BREAKOUT, most of these (((false breakout's) are where I make my money.
I had a fail so I put on a counter trade at the opposite end of bar/candle, I also added another trade. I was then -10 points/pips.
I then made +5% (of my bank roll) so I still had a counter running at -10......

I then traded the break of the 00-00 4 hour bar, it was a short , I made the 10 points and closed.

something totally different I also traded the 00-00 High break and then the low , looking for the daily range. (or part of it).

Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,460
  • Nov 19, 2019 11:21pm Nov 19, 2019 11:21pm
morning all.....

Cable,,,,, nothing doing yet.

Dax, the 00-00 4 hour bar low broke. I did not trade it as I have a few doubts, at the moment it looks like I have made the right decision lol..I will long the high if/when it breaks.

FTSE same as above, the low broke but I have left it.
trade well all.
t 07-21
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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