Billytt Die happy trading e/j daily breakout | Page 2276 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #45,501
  • Nov 21, 2019 5:44am Nov 21, 2019 5:44am
Quoting billytt
{quote} 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 .
It's basically looking for a pull back from a re-test of a new day high or low. Lem is the expert on it along with TS of course.
  • #45,502
  • Nov 21, 2019 5:55am Nov 21, 2019 5:55am
Quoting hoaei
{quote} 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...
hi,
I didn't enter short at ? because it did not trigger the Low. it has to be an exact wholw number. I actually spoke of this a while ago.
My 08-00 15 minute bar actually broke the high of the 00-00 4 hour bar.
I decided not to short it for this reason.

If I have a small bar of say 8. like today. I have a break and if it retraces I will add a few points to it to give it a bigger range.
I do not want whip,consolidation on my big trades as this could ruin me. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,503
  • Nov 21, 2019 5:56am Nov 21, 2019 5:56am
Quoting claudia1
{quote} It's basically looking for a pull back from a re-test of a new day high or low. Lem is the expert on it along with TS of course.
yep, I get it <<<<<<<<<<< (yeah right) lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,504
  • Nov 21, 2019 6:16am Nov 21, 2019 6:16am
A little note: I oftern trade the 4:00 range cable bar as a stand-alone method. I wait for the low break and then i search for longs, better if in confluence with other things like the break of billy bar, sup/dem, weekly "1-2-3" etc
  • #45,505
  • Nov 21, 2019 6:30am Nov 21, 2019 6:30am
Quoting MrGreen95
A little note: I oftern trade the 4:00 range cable bar as a stand-alone method. I wait for the low break and then i search for longs, better if in confluence with other things like the break of billy bar, sup/dem, weekly "1-2-3" etc
yes indeed, I do too at times....
sometimes if a 00-00 4 bar is big, trade the smaller 04-00 bar. (basically an inside bar at times).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,506
  • Nov 21, 2019 6:45am Nov 21, 2019 6:45am
Quoting billytt
{quote} yep, I get it <<<<<<<<<<< (yeah right) lol.
lol maybe Lem can help out he's one of the few in the galaxy that really understands it !
  • #45,507
  • Nov 21, 2019 7:42am Nov 21, 2019 7:42am
Donald index on the weekly still worth watching.
Attached Image (click to enlarge)
Click to Enlarge Name: USDindex(£)Weekly.png Size: 50 KB
  • #45,508
  • Nov 21, 2019 9:24am Nov 21, 2019 9:24am
Quoting billytt
{quote} yes indeed, I do too at times.... sometimes if a 00-00 4 bar is big, trade the smaller 04-00 bar. (basically an inside bar at times).
You are talking about 2 different H4 candles, right?

The 00:00 candle and the 04:00am candle indeed, right? Sorry if sometimes i get lost in a glass of water lol.

If i understood right: I never considered the 00:00 bar, always looked only the 04:00 bar.
  • #45,509
  • Nov 21, 2019 9:30am Nov 21, 2019 9:30am
Quoting MrGreen95
{quote} You are talking about 2 different H4 candles, right? The 00:00 candle and the 04:00am candle indeed, right? Sorry if sometimes i get lost in a glass of water lol. If i understood right: I never considered the 00:00 bar, always looked only the 04:00 bar.
Yep he's talking 2 different candles. But be careful as your 4H chart might not be the same as his due to server times etc.

Here's my 4H GU see if it matches yours.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H4.png Size: 55 KB
  • #45,510
  • Nov 21, 2019 9:35am Nov 21, 2019 9:35am
Quoting MrGreen95
{quote} You are talking about 2 different H4 candles, right? The 00:00 candle and the 04:00am candle indeed, right? Sorry if sometimes i get lost in a glass of water lol. If i understood right: I never considered the 00:00 bar, always looked only the 04:00 bar.
Hi Mr G. I used to trade A/U on the 04-00 4 hour bar. This is the one that closes when London opens.

BUT the 00-00 4 hour bar, is very good for when you hunt the daily range.

gbp/nzd is good to trade off the 04-00 bar.
Good seeing you, hope you are ok.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,511
  • Nov 21, 2019 9:39am Nov 21, 2019 9:39am
Cable just made a big drop, When it was high it had almost made the daily range, but this drop confirmed it . I did not trade it as the range was almost made.
t 15-39
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,512
  • Nov 21, 2019 9:48am Nov 21, 2019 9:48am
Quoting billytt
Cable just made a big drop, When it was high it had almost made the daily range, but this drop confirmed it . I did not trade it as the range was almost made. t 15-39
Cable back to the pivot to a penny - look what BTC ended up doing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BTCUSD(£)H1.png Size: 34 KB
Click to Enlarge Name: GBPUSD(£)H1.png Size: 66 KB
  • #45,513
  • Nov 21, 2019 9:55am Nov 21, 2019 9:55am
Quoting claudia1
{quote} Cable back to the pivot to a penny - look what BTC ended up doing. {image} {image}
WOW. I just remembered.
I opened an account on on my GFs name, and when I traded BTC the margin was horrendous, that was one of the reasons why I looked away. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,514
  • Nov 21, 2019 10:37am Nov 21, 2019 10:37am
Quoting billytt
{quote} Hi Mr G. I used to trade A/U on the 04-00 4 hour bar. This is the one that closes when London opens. BUT the 00-00 4 hour bar, is very good for when you hunt the daily range. gbp/nzd is good to trade off the 04-00 bar. Good seeing you, hope you are ok.

I'm ok, thank you Billy Hope you are ok too.

One last thing, just for make order in my head: (talking about H4 candles)

GBP/USD: You look both 00:00 and 04:00 bar.
AUD/USD: Only the 04:00 with same principes (low fail, break high: long, and viceversa) I want be sure i'm missing nothing about trading H4 candles the way you do :-)
  • #45,515
  • Nov 21, 2019 10:54am Nov 21, 2019 10:54am
Quoting MrGreen95
{quote} I'm ok, thank you Billy Hope you are ok too. One last thing, just for make order in my head: (talking about H4 candles) GBP/USD: You look both 00:00 and 04:00 bar. AUD/USD: Only the 04:00 with same principes (low fail, break high: long, and viceversa) I want be sure i'm missing nothing about trading H4 candles the way you do :-)
ok, forget A/U and the 04-00 bar. I used to trade it and it is good.

I concentrate on the 08-00 15 minute bar and use the 00-00 4 hour bar for fails.

BUT, I often get bored and I have many ideas.
I start to trade the 00-00 4hour bar exclusively to hunt the Daily Range.. (or part of the range). I have a guy helping me.
I am not sure where this will lead to but I do have contacts who will be interested.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,516
  • Nov 21, 2019 11:57am Nov 21, 2019 11:57am
Quoting billytt
{quote} ok, forget A/U and the 04-00 bar. I used to trade it and it is good. I concentrate on the 08-00 15 minute bar and use the 00-00 4 hour bar for fails. BUT, I often get bored and I have many ideas. I start to trade the 00-00 4hour bar exclusively to hunt the Daily Range.. (or part of the range). I have a guy helping me. I am not sure where this will lead to but I do have contacts who will be interested.

Okay perfect, i'm interested to studying it further. Basically you look the 00:00 for hunt daily range, me the 04:00 on GU and i look for 20 pips or i set a trailing stop..
  • #45,517
  • Nov 21, 2019 12:09pm Nov 21, 2019 12:09pm
Quoting MrGreen95
{quote} Okay perfect, i'm interested to studying it further. Basically you look the 00:00 for hunt daily range, me the 04:00 on GU and i look for 20 pips or i set a trailing stop..
sounds good bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,518
  • Nov 21, 2019 12:26pm Nov 21, 2019 12:26pm
Quoting billytt
{quote} sounds good bud.

Basing on your experience, for the way i trade, is better if i look 00:00 or 04:00 bar?
  • #45,519
  • Nov 22, 2019 1:08am Nov 22, 2019 1:08am
Quoting MrGreen95
{quote} Basing on your experience, for the way i trade, is better if i look 00:00 or 04:00 bar?
Sorry I did not answer straight away Mr G,

I love trading and I love it in here, and I love to help others.

Years and years ago I was trading a simple break out method and compounding, this was pre ridiculous margin days, where you could start with little capital and double it up into crazy amounts. ( you still can but you need a massive bank roll or be a pro).

So with hanging around in here and chatting and getting ideas, I have slowly changed my trading methods.

In my experience the 00-00 4 hour bar UK time, is absolutely brilliant for helping with the hunting of the daily range....
I say this because most traders are after lots of pips... I only want 5 and in the past if I had a fail whether trading the daily break out, 08-00 or 04-00 I always went back to the 00-00 bar to fix.
Don't forget, it isn't that simple as you need bank roll now, alter lot size. but still fun.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #45,520
  • Nov 22, 2019 1:10am Nov 22, 2019 1:10am
Morning all.
Cable..... I am Long off the 00-00 4 hour bar, hopefully looking for 20 points. range is 12 and adr = 60.

at the time of writing adr High n= 12970 area and Low = 12870 .
Trade well all.
t 07-10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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