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Billytt Die happy trading e/j daily breakout
- #47,762
- Mar 23, 2020 7:23am Mar 23, 2020 7:23am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Some one said to me that they liked my charts
So I thought I would post a not so friendly, non easy trend spotting, Dax chart.
After the usual whip up and down - The first 'X' I should not have got in but I did and paid for it.
The second 'X' price popped above yellow line and (importantly) cloud. Too greedy -could have got easy ten pips but watched price nip back and stopped me out.
Plan'B' -draw horizontal high/lows and wait for price to get back to yellow line ( there were breaks of my horizontal line but too far from yellow line ( momentum usually dies and odds drop)
At the 'Tick' sign -price had cut or bounced off yellow line for a series of 'nibbles' ( by this time even I woke up to the fact that long runs were not a statistical certainty)
I am not inclined to post many charts from here on in but thought I would put this one up because it shows you have to actively engage and quickly decide to be in or out of trades thus lines ( as an alien once said ) are useful for quick decisions and less thinking before acting ( made for me )
As posted before - trends are nice, but often Dax is a thrashing beastie who makes the fisherman fight for his catch.
So I thought I would post a not so friendly, non easy trend spotting, Dax chart.
After the usual whip up and down - The first 'X' I should not have got in but I did and paid for it.
The second 'X' price popped above yellow line and (importantly) cloud. Too greedy -could have got easy ten pips but watched price nip back and stopped me out.
Plan'B' -draw horizontal high/lows and wait for price to get back to yellow line ( there were breaks of my horizontal line but too far from yellow line ( momentum usually dies and odds drop)
At the 'Tick' sign -price had cut or bounced off yellow line for a series of 'nibbles' ( by this time even I woke up to the fact that long runs were not a statistical certainty)
I am not inclined to post many charts from here on in but thought I would put this one up because it shows you have to actively engage and quickly decide to be in or out of trades thus lines ( as an alien once said ) are useful for quick decisions and less thinking before acting ( made for me )
As posted before - trends are nice, but often Dax is a thrashing beastie who makes the fisherman fight for his catch.
every Saint has a past. Every Sinner has a Future
Some one said to me that they liked my charts
- #47,764
- Mar 23, 2020 7:43am Mar 23, 2020 7:43am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Not the friendliest of beasts this morning. A 'friendly beast' - pretty sure that's an oxymoron.
every Saint has a past. Every Sinner has a Future
Some one said to me that they liked my charts
- #47,766
- Mar 23, 2020 8:39am Mar 23, 2020 8:39am
- Joined Mar 2017 | Status: Trader | 2,054 Posts
{quote} Hi Lem, Running SSG just on GU for now and Gold on Hourly/pivots (thanks to Claudia suggestion last year) sometimes dropping to 15m for entries by boxing off consolidations and getting the breakout. Tend to keep things as simple as I can as have to deal with distractions of my main business - rather tradeRay
- #47,767
- Mar 23, 2020 8:47am Mar 23, 2020 8:47am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #47,772
- Mar 24, 2020 3:24am Mar 24, 2020 3:24am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
'Morning all and welcome to day one of Martial Law Lite...
Just stay indoors and make some dosh, folks. 3 weeks will fly by.
Just don't watch the BEEB, or they'll have you hiding under the bed with your fingers in your ears before you know it.
Anyway, good ol' Monster...
GU 1-Min Off we go - Long Bias.
In a tad early
Out +12.6
Just stay indoors and make some dosh, folks. 3 weeks will fly by.
Just don't watch the BEEB, or they'll have you hiding under the bed with your fingers in your ears before you know it.
Anyway, good ol' Monster...
GU 1-Min Off we go - Long Bias.
In a tad early
Out +12.6
- #47,773
- Mar 24, 2020 3:57am Mar 24, 2020 3:57am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Are you seeing the spread for Gold just now! 
- #47,775
- Mar 24, 2020 4:16am Mar 24, 2020 4:16am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
'Morning all and welcome to day one of Martial Law Lite... Just stay indoors and make some dosh, folks. 3 weeks will fly by. Just don't watch the BEEB, or they'll have you hiding under the bed with your fingers in your ears before you know it. Anyway, good ol' Monster... GU 1-Min Off we go - Long Bias. In a tad early
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #47,776
- Mar 24, 2020 4:17am Mar 24, 2020 4:17am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
'Morning all and welcome to day one of Martial Law Lite... Just stay indoors and make some dosh, folks. 3 weeks will fly by. Just don't watch the BEEB, or they'll have you hiding under the bed with your fingers in your ears before you know it. Anyway, good ol' Monster... GU 1-Min Off we go - Long Bias. In a tad early
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #47,777
- Mar 24, 2020 4:19am Mar 24, 2020 4:19am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #47,778
- Mar 24, 2020 5:44am Mar 24, 2020 5:44am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #47,779
- Mar 24, 2020 5:45am Mar 24, 2020 5:45am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
'Morning all and welcome to day one of Martial Law Lite... Just stay indoors and make some dosh, folks. 3 weeks will fly by. Just don't watch the BEEB, or they'll have you hiding under the bed with your fingers in your ears before you know it. Anyway, good ol' Monster... GU 1-Min Off we go - Long Bias. In a tad early