Billytt Die happy trading e/j daily breakout | Page 2317 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #46,321
  • Jan 16, 2020 7:20am Jan 16, 2020 7:20am
Morning run up of trades until around 10 am UK time. One losing trade was a silly mistake -short on alongside of cloud and against risen trend line. Not a bad morning and less stressful than yesterday's.

Edit: That third trade (ticked) was break even NOT a winning trade.
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every Saint has a past. Every Sinner has a Future
  • #46,322
  • Jan 16, 2020 7:44am Jan 16, 2020 7:44am
Quoting billytt
Sometimes when the daily range has been made, we have retrace. I do not trade this but I am just saying.
Speaking of retrace, Sold for GU for a nice 10 on a TS123 set up.
  • #46,323
  • Edited 9:31am Jan 16, 2020 9:10am | Edited 9:31am
Dow -couple of nibbles. Just missed a long whilst staring at price approach 29200 but a short may be on the cards?

Seems to be stalling ?
Very High-highest on daily chart !

EDIT: - 3:20Happiness is a short.

Edit of Edit = out for B/E plus two when it snapped back. - oh well. Not so clever aye mr T
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every Saint has a past. Every Sinner has a Future
  • #46,324
  • Jan 16, 2020 9:42am Jan 16, 2020 9:42am
Quoting ia1979
{quote} Morning all. Why was any short a sucker move here Lem? Sorry if this is a newbie question. Thanks. You guys will probably see me a lot more on here now. Just handed my notice in at work, as I wasn't enjoying it. Was a well paid job but hopefully this will work out better lol.
It was a sucker move because we were at the bottom of a mean-reversion channel. When we saw that chunky spike down, it is likely that the movers-and-shakers are trying to catch all the greedy ones jumping onto the move late thinking it is the beginning of a longer move.

It doesn't always effect us, as we are canny and only look for +5 on the break, it's more about those who fixate on the R:R ratios and who think they ''need'' to hold for say, +20 or +30 or whatever. Also remember, we had already seen a solid one-candle break down off the Not-The-Billy-Bar in the lead up to this.

Good on you for taking the big step. I did the same thing when I was 21yo, walked out of a rock-solid job as an architect to become a painter / illustrator. I had spent 4 years training to get to the level I was at but staring at another 3 still to go. I enjoyed working where I did - the firm were the company who redesigned the National Stadium, Hampden Park (my contribution to architecture is the crinkly edge around the roof, lol.) I was mainly working on Exhibition Design - perspective drawings etc which I loved doing and most would have killed for the job but my brain was melting out my ears having to work 9-5 for someone else.

Well, walk down Memory Lane over, lol.

The DAX has been playable as a bounce off the pivot (13400) all day long , bringing around +10 to +20 pips every hour since 10:00. Sweet.
  • #46,325
  • Jan 16, 2020 9:53am Jan 16, 2020 9:53am
Quoting turnip15
Dow -couple of nibbles. Just missed a long whilst staring at price approach 29200 but a short may be on the cards? Seems to be stalling ? Very High-highest on daily chart ! EDIT: - 3:20Happiness is a short. Edit of Edit = out for B/E plus two when it snapped back. - oh well. Not so clever aye mr T

{image}
Missed a couple of small nibble longs above 200 but look at triangle forming now -interesting ?
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every Saint has a past. Every Sinner has a Future
  • #46,326
  • Jan 16, 2020 10:05am Jan 16, 2020 10:05am
Quoting mtacki
thanks for the warm welcome :-) still trying to find a style of trading that fits my "normal" life I'll be more than happy to follow you guys if you don't mind ! trade well !
Welcome aboard, good to have you here on Cap'n Billy's Privateer of Reprobate Traders.

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  • #46,327
  • Jan 16, 2020 10:31am Jan 16, 2020 10:31am
Just FYI, how Cable played out through the day. Here with the Billy-Bar overlaid and the S+D at play.

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  • #46,328
  • Jan 16, 2020 10:33am Jan 16, 2020 10:33am
Over in The Dead Zone, UC just got on with things in its usual, unhurried way. Long Bias. Not traded by me.

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  • #46,329
  • Edited 1:34pm Jan 16, 2020 1:19pm | Edited 1:34pm
@Claudia (and anyone else interested, of course) - could be a possible short move coming on the Bund. Check the H1 for a clear picture.

Longer term, it may still go higher but this could be a small bounce even to get us what we want, even if it doesn't continue all the way on down.
  • #46,330
  • Jan 16, 2020 1:20pm Jan 16, 2020 1:20pm
Quoting BrokeCollege
{quote} Speaking of retrace, Sold for GU for a nice 10 on a TS123 set up.
Aaaaand One more 123 for good measure
  • #46,331
  • Jan 16, 2020 1:35pm Jan 16, 2020 1:35pm
Quoting BrokeCollege
{quote} Aaaaand One more 123 for good measure
Way to work the day.
  • #46,332
  • Jan 16, 2020 1:51pm Jan 16, 2020 1:51pm
Quoting lemercenaire
@Claudia (and anyone else interested, of course) - could be a possible short move coming on the Bund. Check the H1 for a clear picture. Longer term, it may still go higher but this could be a small bounce even to get us what we want, even if it doesn't continue all the way on down.
I am now thinking that a Claudia Box may be the way to go. We shall see.
  • #46,333
  • Jan 16, 2020 1:56pm Jan 16, 2020 1:56pm
AU long coming?
  • #46,334
  • Jan 16, 2020 3:05pm Jan 16, 2020 3:05pm
Quoting lemercenaire
AU long coming?

Hello Lem! Starting from post 222 of this thread you can see what is my actual view, let me know what do you think!

https://www.forexfactory.com/showthr...4#post12707074
  • #46,335
  • Jan 16, 2020 5:49pm Jan 16, 2020 5:49pm
Quoting MrGreen95
{quote} Hello Lem! Starting from post 222 of this thread you can see what is my actual view, let me know what do you think! https://www.forexfactory.com/showthr...4#post12707074
It's got real muddy now, after faffing around going nowhere for the last three hours.

It may still kick long but my signals are mixed now.
  • #46,336
  • Jan 16, 2020 6:36pm Jan 16, 2020 6:36pm
Quoting lemercenaire
{quote} It was a sucker move because we were at the bottom of a mean-reversion channel. When we saw that chunky spike down, it is likely that the movers-and-shakers are trying to catch all the greedy ones jumping onto the move late thinking it is the beginning of a longer move. It doesn't always effect us, as we are canny and only look for +5 on the break, it's more about those who fixate on the R:R ratios and who think they ''need'' to hold for say, +20 or +30 or whatever. Also remember, we had already seen a solid one-candle break down off the...
Thanks for the explanation Lem and for sharing your story. It's good to get to know the humans underneath the trading cloaks. You helped redesign Hampden Park. How cool is that!
  • #46,337
  • Jan 16, 2020 6:41pm Jan 16, 2020 6:41pm
Quoting ia1979
{quote} Thanks for the explanation Lem and for sharing your story. It's good to get to know the humans underneath the trading cloaks. You helped redesign Hampden Park. How cool is that!
You'll know the expression, "polishing a turd"? Hampden was kinda' like that
  • #46,338
  • Jan 16, 2020 9:03pm Jan 16, 2020 9:03pm
Quoting lemercenaire
AU long coming?
Made some pips on AU long AND short play around .69000
  • #46,339
  • Edited 11:58pm Jan 16, 2020 10:44pm | Edited 11:58pm
Morning all, and its raining hard again.

DAX , 00-00 4 hr break.... LONG
usd/chf 00-00 4 hr break.. Long

I will add ranges in later.
Did I say that yesterday and didnt't ? lol.
Trade well all.

t 04-44

edit, I posted Cable long when it was dax, I have adjusted
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,340
  • Jan 16, 2020 11:15pm Jan 16, 2020 11:15pm
Ftse 00-00 4 hr break. Short
t 05-15
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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