Billytt Die happy trading e/j daily breakout | Page 2275 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #45,481
  • Nov 21, 2019 1:03am Nov 21, 2019 1:03am
Quoting ia1979
Hi Billy/Lem, When you talk about retrace trades, do you mean price retracing but our bias remaining towards the original break, so opening a trade in the direction of the original break, potentially getting in at a better price? Or do you mean price retracing and breaking the other end, causing us to open a trade in the opposite direction of the original break? I hope my question makes sense. Thanks.
I forgot to answer the retrace part...

we have the 00-00 4 hour bar range, lets say Cable as an example....
Let us use today as an example. at the moment the range has not been broken t 06-59

If the low breaks and makes a few points and then retraces back into the 00-00 range, we can short again, if it drops we make %%% if it then retraces back up again into the range we can short again.
We will have fails, but once the high is broken we can trade again retrace trades.
Don't forget we are now hunting the Daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,482
  • Nov 21, 2019 1:10am Nov 21, 2019 1:10am
Quoting ia1979
Hi Billy/Lem, When you talk about retrace trades, do you mean price retracing but our bias remaining towards the original break, so opening a trade in the direction of the original break, potentially getting in at a better price? Or do you mean price retracing and breaking the other end, causing us to open a trade in the opposite direction of the original break? I hope my question makes sense. Thanks.
t 07-08
Cable Low of 12924 broke at 07-08 it had dropped to 12924.3 but this was not the trigger, It has to be the whole number 12924.
Don't forget we have a very small range of 9.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,483
  • Nov 21, 2019 1:11am Nov 21, 2019 1:11am
Quoting billytt
{quote} t 07-08 Cable Low of 12924 broke at 07-08 it had dropped to 12924.3 but this was not the trigger, It has to be the whole number 12924. Don't forget we have a very small range of 9.
at 07-11 we have a retrace back into the range 12926, we can short IF WE WANT
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,484
  • Nov 21, 2019 1:19am Nov 21, 2019 1:19am
Quoting billytt
{quote} at 07-11 we have a retrace back into the range 12926, we can short IF WE WANT
t 07-17 ideally , we want to retrace as high up into the range as possible, ie 12929/30+.
Should we fail, we lose less and we also have the chance to make more.

Don't Forget, if I am trading my main trade for 5 points... 1 point =20% of that trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,485
  • Nov 21, 2019 1:21am Nov 21, 2019 1:21am
t07-20 look at dax right now,, the high of range broke and then it retraced 30 down.
we can long from there
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,486
  • Nov 21, 2019 2:00am Nov 21, 2019 2:00am
t 07-59 pre uk open.
Cable retraced to 12929 ,if we short and it fails we lose 4 points. which it would of lol , uk just opened
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,487
  • Nov 21, 2019 2:10am Nov 21, 2019 2:10am
t 08-07 Cable range so far is 17,,, todays adr = 57 , with last 5 days daily ranges of 63-52-70-60-42 we try and make it our game.
If you are wondering why I am typing and not trading,, my colleague is doing it for me lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,488
  • Nov 21, 2019 2:48am Nov 21, 2019 2:48am
I realise my explanations could be better, (easier to read).

Cable right now t 08-44. i have a counter running at -9 and a long running.
Hopefully it will go up to 12980 area....

If not it is Plan B.... counter the fail.yaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,489
  • Nov 21, 2019 2:51am Nov 21, 2019 2:51am
before I forget, I was short gbp/nzd closed at +20..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,490
  • Nov 21, 2019 2:55am Nov 21, 2019 2:55am
Cable 08-00 15 minute bar break.
High broke so I am long. it did retrace to break low but I adjusted the range of low due to it being 8 points. this I do quite often.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,491
  • Edited 3:25am Nov 21, 2019 3:04am | Edited 3:25am
Quoting billytt
I realise my explanations could be better, (easier to read). Cable right now t 08-44. i have a counter running at -9 and a long running. Hopefully it will go up to 12980 area.... If not it is Plan B.... counter the fail.yaaaaaaaaaaaaay
edit... Trouble with the first break of the dark side, we do not know how far it will go? we know where the daily high/low range is .
It might make the adr it might not, that is why the second break is easier to follow.

edit t 09-23 Cable, the Low broke first, So we have a Low bias, Low failed and High broke and kept going (so far), we could close in profit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,492
  • Nov 21, 2019 4:14am Nov 21, 2019 4:14am
Dax, Retrace Trade.
Yesterday we had a classic retrace.
Today, 00-00 bar Dark Area, High 13122 and Low 13040. Range 82 <<<< that is big.
The High broke at 13122 and then it retraced down to 13042, it didn't break low.
Any where during that retrace we could of gone long.
and potentially make a lot .
I did retrace trade it long but not that low. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,493
  • Nov 21, 2019 4:19am Nov 21, 2019 4:19am
Dax at t 10-17..
adr high = 13180 area..... Low = 12990 area.
If it keeps going from here we make 50. if it fail and drops to 12990 area we still make 50 but we will have a minus 82 dark side range.
some one asked me to show Dax, and as I am trading it I will show.

t now 10-19
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,494
  • Nov 21, 2019 4:21am Nov 21, 2019 4:21am
Quoting billytt
Dax, Retrace Trade. Yesterday we had a classic retrace. Today, 00-00 bar Dark Area, High 13122 and Low 13040. Range 82 <<<< that is big. The High broke at 13122 and then it retraced down to 13042, it didn't break low. Any where during that retrace we could of gone long. and potentially make a lot . I did retrace trade it long but not that low. lol
BTC more fun.Five attempts at resistance before it woke up. Got it on little account for the time being. Spread is of course the issue but the moves it makes can compensate. A bit like G/N.

Will put it on the ea soon (maybe) !
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD(£)H1.png Size: 46 KB
  • #45,495
  • Nov 21, 2019 4:30am Nov 21, 2019 4:30am
Quoting claudia1
{quote} BTC more fun.Five attempts at resistance before it woke up. Got it on little account for the time being. Spread is of course the issue but the moves it makes can compensate. A bit like G/N. Will put it on the ea soon (maybe) ! {image}
I was looking at BTC and it is actually very interesting, but I am currently playing with dax, gbp/nzd and Ftse lol, I say I, that is I and a colleague.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,496
  • Nov 21, 2019 4:40am Nov 21, 2019 4:40am
FTSE at 10-38 UK time. price is 7227, the bias is short, we can retrace any time, it was higher earlier and I should of said then.
These retrace trades do work but they also fail.
If it fails we do not lose as much, and then it is plan B.

We don't have to counter.


edit, and don't forget , we are playing with/for the daily range.
its all maths.

edit sorry, error at 10-38 it was 7228 not 7238.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,497
  • Nov 21, 2019 5:16am Nov 21, 2019 5:16am
Quoting billytt
{quote} edit... Trouble with the first break of the dark side, we do not know how far it will go? we know where the daily high/low range is . It might make the adr it might not, that is why the second break is easier to follow. edit t 09-23 Cable, the Low broke first, So we have a Low bias, Low failed and High broke and kept going (so far), we could close in profit.
Hi Billytt, so as far as I can understand, this is how you manage your trades (in the picture), please correct me if I'm wrong

1st, I still don't understand why you didn't enter short at (??) in my picture, I believe you did explain before

Cable 08-00 15 minute bar break.
High broke so I am long. it did retrace to break low but I adjusted the range of low due to it being 8 points. this I do quite often.

I don't understand what do you mean about "adjusting the range of low due to it being 8 points"?
I can only explain to myself the reason is that your bias has changed from SELL to BUY when 00-00 4h bar break.

2nd, suppose I took all trades with 1 lot size, is that correct?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-exness-com.png Size: 31 KB
  • #45,498
  • Nov 21, 2019 5:19am Nov 21, 2019 5:19am
Quoting billytt
{quote} I was looking at BTC and it is actually very interesting, but I am currently playing with dax, gbp/nzd and Ftse lol, I say I, that is I and a colleague.
Hit 100% range. This is also a TooSlow 123 trade from overnight - not 100% sure need Lem to confirm. But it happens often with this thing.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD(£)H1.png Size: 37 KB
  • #45,499
  • Nov 21, 2019 5:37am Nov 21, 2019 5:37am
Quoting billytt
FTSE at 10-38 UK time. price is 7227, the bias is short, we can retrace any time, it was higher earlier and I should of said then. These retrace trades do work but they also fail. If it fails we do not lose as much, and then it is plan B. We don't have to counter. edit, and don't forget , we are playing with/for the daily range. its all maths. edit sorry, error at 10-38 it was 7228 not 7238.
t 11-36 Not long ago FTSE dropped down to 7213, a nice profit could of been made,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,500
  • Nov 21, 2019 5:40am Nov 21, 2019 5:40am
Quoting claudia1
{quote} Hit 100% range. This is also a TooSlow 123 trade from overnight - not 100% sure need Lem to confirm. But it happens often with this thing. {image}
That big drop was awesome, and it was break of my low lol <<<<< obviously I didn't trade it.
it looks good, and I am not clued up with the 1 2 3 trade .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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