Billytt Die happy trading e/j daily breakout | Page 2396 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #47,901
  • Mar 27, 2020 5:19am Mar 27, 2020 5:19am
The Friday Dax - Nibbles and a couple of smacks on the wrist. I note entering too far from the yellow line puts one at risk of a return from such price deviation - meaning if I was thinking short maybe I should have longed price back to yellow line. Another point - Lem told me off before about it, not to trade flat yellow but too watch for move from ( consolidation). Turned out okay morning despite my lack of attention.
Have a safe weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax27Mar.png Size: 568 KB
every Saint has a past. Every Sinner has a Future
  • #47,902
  • Mar 27, 2020 5:29am Mar 27, 2020 5:29am
Quoting turnip15
The Friday Dax - Nibbles and a couple of smacks on the wrist. I note entering too far from the yellow line puts one at risk of a return from such price deviation - meaning if I was thinking short maybe I should have longed price back to yellow line. Another point - Lem told me off before about it, not to trade flat yellow but too watch for move from ( consolidation). Turned out okay morning despite my lack of attention. Have a safe weekend. {image}
Nicely worked, T. A messy day can often be a very good teaching session. You learn to keep calm and take the time to look at what is in front of you in a bit more detail.

One thing I have noticed - if you don't mind me saying - is that you seem to be missing some good entries in one particular set-up. That is, a rejection bar off a solid move.

So, for instance on the last move down, you get a good, chunky short move going - which you got in on nicely - and then you obviously close the trade on the retrace.

However, instead of leaving it there and walking away, you can look for that rejection - more often than not a pin bar, or the more subtle double-doji - at the yellow line. You then - in this case - get an entry short there.

These are tp / stop-hunt points on a trend move and are fertile hunting grounds for scalpers.

They also perform the useful function of being a stand-alone technique and as such, one that keeps you out of chop at the beginning of a cloud break. It also works particularly well on The DOW, which I know is your choice for afternoon delight.

(I also realise that that move I used as a description may have been outside your trading time-slot - I am just using it as an example of form. There are others spread throughout the session, that one is just the easiest to see).
  • #47,903
  • Mar 27, 2020 5:38am Mar 27, 2020 5:38am
Quoting lemercenaire
{quote} Did retreat once more, all the way back to the 50-level...and then yes, it did indeed eventually get back up and into the target zone. Fair enough. Still nice to know you got it right. {image}
Ended up hitting the full target.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPUSDM15endeduphttingfulltarget27thmarch2020crop_LI.jpg Size: 332 KB


Finally getting out of here. Back later, folks.
  • #47,904
  • Mar 27, 2020 6:49am Mar 27, 2020 6:49am
Quoting lemercenaire
{quote} Nicely worked, T. A messy day can often be a very good teaching session. You learn to keep calm and take the time to look at what is in front of you in a bit more detail. One thing I have noticed - if you don't mind me saying - is that you seem to be missing some good entries in one particular set-up. That is, a rejection bar off a solid move. So, for instance on the last move down, you get a good, chunky short move going - which you got in on nicely - and then you obviously close the trade on the retrace. However, instead of leaving it...
Always glad to get intelligent feed back Lem. Yes -I am going to look at those set ups.
Just noticed those three "X" failed trades happened around the big 9800 level - each reversal was forewarned by a classic pin + long tails area.
Thanks for the tip Lem - all good stuff to have in mind while trading. A good tip for me would be to mark out my alien gold spots ( 50 and 100 etc) prior to trading
every Saint has a past. Every Sinner has a Future
  • #47,905
  • Mar 27, 2020 8:35am Mar 27, 2020 8:35am
Quoting turnip15
{quote} Always glad to get intelligent feed back Lem. Yes -I am going to look at those set ups. Just noticed those three "X" failed trades happened around the big 9800 level - each reversal was forewarned by a classic pin + long tails area. Thanks for the tip Lem - all good stuff to have in mind while trading. A good tip for me would be to mark out my alien gold spots ( 50 and 100 etc) prior to trading
Yeah it seems like the best set ups are when the yellow line and cloud are quite close together, when the breakout takes place. Always helpful to see these charts.
  • #47,906
  • Mar 27, 2020 8:50am Mar 27, 2020 8:50am
Made it back alive...

Having lunch but saw this drop into my lap and couldn't resist.

Entry is very definitely late but I didn't think it was going to take another pullback, so went in at as good a price as I reckoned I was going to get.

AJ H1 Short off Lightning Cloud and Cam-Pivot. Target down around the second Cam-Level. +10.4

Attached Image (click to enlarge)
Click to Enlarge Name: InkedAJasLightningSHort+10.4on27thMarch2020arvoCrop_LI.jpg Size: 783 KB
  • #47,907
  • Mar 27, 2020 9:04am Mar 27, 2020 9:04am
I may be back later, I may not. We'll see. One way or another I will leave this here to take us into the weekend. Doesn't get much better than this.

Inserted Video
  • #47,908
  • Mar 27, 2020 2:43pm Mar 27, 2020 2:43pm
Didn't get back on. Oh well, how sad, too bad, never mind.

It's been a blast, folks and really looking forward to next week. Hope you all are too - and I'll leave you with this and see y'all on Monday.

Inserted Video
  • #47,909
  • Edited 7:40pm Mar 27, 2020 3:10pm | Edited 7:40pm
Quoting lemercenaire
{quote} Totally understand. You are traveling the same road as my friend Bo, who worked out a custom variant of the AU H4 break that suited his style and trading needs better (ignore the first break and trade the retrace should the first one fail). You'll get there. Keep it up!
I still use this but now I use GU and the 00-00 H4 bar instead.
  • #47,910
  • Mar 27, 2020 4:31pm Mar 27, 2020 4:31pm
https://www.worldometers.info/coronavirus/
  • #47,911
  • Mar 28, 2020 9:38am Mar 28, 2020 9:38am
Lem - don't know if you've seen this before. You'll like the 'with'.

Inserted Video
  • #47,912
  • Mar 28, 2020 9:45am Mar 28, 2020 9:45am
Quoting claudia1
Lem - don't know if you've seen this before. You'll like the 'with'. https://www.youtube.com/watch?v=dwc7ZEYfWYc
I have a few of his / their albums but not seen this. It's a goodie for sure.
  • #47,913
  • Mar 29, 2020 7:35am Mar 29, 2020 7:35am
Hi Guys.

By the looks of it, I have plenty of time to sharpen my knowledge around trading. I wouldn’t ever get this time to have as much screen time. So I guess it’s a blessing in some way. Not all negative.

I randomly went to page 490 and I’m 50 pages in. I wanted to go back and find the Gold Gems in this thread. A lot of talk of the E/J daily and A/U 4 hour bar. I know billy has since distanced himself from these set ups. However more on details on compounding retracing etc.

Billy if you don’t mind me asking?

Do you have stats on the GU 15 hitting the +5 without retracing?

plus do you aim for 5 + spread? And if you have counters how does this play out?

How many times would you put counters on the first break if it kept playing with the breakout line if you know I mean?

i.e 2 counters just leave it until another trade then fix it etc.

Hope your good gang. Stay Safe
  • #47,914
  • Mar 29, 2020 1:02pm Mar 29, 2020 1:02pm
Quoting RieseP
Hi Guys. By the looks of it, I have plenty of time to sharpen my knowledge around trading. I wouldn’t ever get this time to have as much screen time. So I guess it’s a blessing in some way. Not all negative. I randomly went to page 490 and I’m 50 pages in. I wanted to go back and find the Gold Gems in this thread. A lot of talk of the E/J daily and A/U 4 hour bar. I know billy has since distanced himself from these set ups. However more on details on compounding retracing etc. Billy if you don’t mind me asking? Do you have stats on the GU 15 hitting...
edit.... as billy would say page 641.

its actually funny reading the past and the banter
  • #47,915
  • Mar 29, 2020 1:03pm Mar 29, 2020 1:03pm
Quoting RieseP
Hi Guys. By the looks of it, I have plenty of time to sharpen my knowledge around trading. I wouldn’t ever get this time to have as much screen time. So I guess it’s a blessing in some way. Not all negative. I randomly went to page 490 and I’m 50 pages in. I wanted to go back and find the Gold Gems in this thread. A lot of talk of the E/J daily and A/U 4 hour bar. I know billy has since distanced himself from these set ups. However more on details on compounding retracing etc. Billy if you don’t mind me asking? Do you have stats on the GU 15 hitting...
Hi R, Hope you are well.
08-00 stats, just bring a chart up and it is easy enough to back check the price movement.
I started trading the E/J break daily and as you can even see today, we have either a break and continuation or what they call a false break, which i chased,.
, This was approx 90% hit rate.
Trouble is, we did have Failed trades, when this happened i would trade off the 00-00 4 hour bar.
Then some guy in FF put me onto A/U, this was significantly easier to trade, nice and steady, but i traded off the -04-00 4 hour bar.
Then , through boredom i ended up trading the 08-00 15 minute bar lol.
All trades had something in common........ THE DAILY RANGE. i say no more.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,916
  • Mar 29, 2020 1:07pm Mar 29, 2020 1:07pm
Quoting RieseP
{quote} edit.... as billy would say page 641. its actually funny reading the past and the banter
Hi R, i know 2 guys with their own trade companies and 3 other pro traders.
Only 1 of them speaks about trading when we meet up.
Its like a bus mans holiday as they say .
I will say how i trade 90% of the time but it is good to have the banter, newts, dancing, rugby etc and now bats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,917
  • Mar 29, 2020 1:09pm Mar 29, 2020 1:09pm
A/U can be boring I know that with G/U there more to play if you have to do abit fixing. All good Billy. Which life could go back to normal that’s for sure. Me and Mrs going to start doing walks in New Forest. Play it safe. Your asking for it down the beach
  • #47,918
  • Mar 29, 2020 1:10pm Mar 29, 2020 1:10pm
Quoting RieseP
Hi Guys. By the looks of it, I have plenty of time to sharpen my knowledge around trading. I wouldn’t ever get this time to have as much screen time. So I guess it’s a blessing in some way. Not all negative. I randomly went to page 490 and I’m 50 pages in. I wanted to go back and find the Gold Gems in this thread. A lot of talk of the E/J daily and A/U 4 hour bar. I know billy has since distanced himself from these set ups. However more on details on compounding retracing etc. Billy if you don’t mind me asking? Do you have stats on the GU 15 hitting...
main trade is for 5 plus spread. i gave up a long time ago saying plus spread, lol.
same as i rarely post ,watch the news..
Countering, on 08-00 i will counter 2 times maybe 3 but dont forget i am then on the 00-00 bar. or even the 04-0 4 hour.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,919
  • Mar 29, 2020 1:11pm Mar 29, 2020 1:11pm
Quoting billytt
{quote} Hi R, i know 2 guys with their own trade companies and 3 other pro traders. Only 1 of them speaks about trading when we meet up. Its like a bus mans holiday as they say . I will say how i trade 90% of the time but it is good to have the banter, newts, dancing, rugby etc and now bats.
I know exactly what you mean bill. You got to switch off. Trading is your job/work/ you need something else to keep you entertained
  • #47,920
  • Mar 29, 2020 1:12pm Mar 29, 2020 1:12pm
Quoting RieseP
A/U can be boring I know that with G/U there more to play if you have to do abit fixing. All good Billy. Which life could go back to normal that’s for sure. Me and Mrs going to start doing walks in New Forest. Play it safe. Your asking for it down the beach
you are right about the beach lol... i can get to it from the forest just walking and no roads/paths
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
74 traders viewing now