Disliked{quote} Lol...you are going to fit right in here! Welcome to Billytt's ship of brigands, rascals and generally unhinged individuals...with emphasis on individual.Ignored
Empty your mind and let the market guide you
1
Billytt Die happy trading e/j daily breakout
- #48,581
- Apr 29, 2020 1:28am Apr 29, 2020 1:28am
- Joined Feb 2019 | Status: Trader | 1,285 Posts
Empty your mind and let the market guide you
- #48,583
- Apr 29, 2020 2:26am Apr 29, 2020 2:26am
- Joined Feb 2019 | Status: Trader | 1,285 Posts
SOUTHERN COMFORT
STEP 1:
I'll set the chart environment up first then take it from there. No need to rush these things.
First Indicator: Opening Candle Time (Even rockets have countdown clocks so why not use one here?)
Only 5 Indicators in total, 2 aren't even that necessary.
To be continued...
STEP 1:
I'll set the chart environment up first then take it from there. No need to rush these things.
First Indicator: Opening Candle Time (Even rockets have countdown clocks so why not use one here?)
Only 5 Indicators in total, 2 aren't even that necessary.
To be continued...
Empty your mind and let the market guide you
- #48,584
- Apr 29, 2020 3:07am Apr 29, 2020 3:07am
- Joined Feb 2019 | Status: Trader | 1,285 Posts
SOUTHERN COMFORT
STEP 2:
The simple reason for adding this line to the chart is that it adds a little bit of colour. Wouldn't you agree?
Depending on its mood sometimes it will be Green while at other times it will be Red.
Best to follow what MRS GREEN/RED Line says for this particular method.
To be continued...
STEP 2:
The simple reason for adding this line to the chart is that it adds a little bit of colour. Wouldn't you agree?
Depending on its mood sometimes it will be Green while at other times it will be Red.
Best to follow what MRS GREEN/RED Line says for this particular method.
To be continued...
Empty your mind and let the market guide you
- #48,585
- Apr 29, 2020 4:31am Apr 29, 2020 4:31am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #48,586
- Apr 29, 2020 6:42am Apr 29, 2020 6:42am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #48,587
- Apr 29, 2020 6:51am Apr 29, 2020 6:51am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #48,591
- Apr 29, 2020 7:33am Apr 29, 2020 7:33am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Still going - watching carefully now. ( Nervous -chicken) {image}
Better stop posting. I promised myself to stay away but my ego won't let me.
every Saint has a past. Every Sinner has a Future
- #48,592
- Apr 29, 2020 7:39am Apr 29, 2020 7:39am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #48,593
- Apr 29, 2020 1:27pm Apr 29, 2020 1:27pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Quite a climb for The Monster today...
- #48,594
- Apr 29, 2020 1:35pm Apr 29, 2020 1:35pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
You think open levels and zones don't have a magnetic pull? Here's today's Billy Bar Zone extended through the day.
Bias was short all the way today for me at the open, with The Billy Bar trade itself. Using Short Bias would also have kept you safe from the Long Head Fake on The Not-The-Billy-Bar previously as well. Mean reversion would have got you in on the bounce back up.
Bias was short all the way today for me at the open, with The Billy Bar trade itself. Using Short Bias would also have kept you safe from the Long Head Fake on The Not-The-Billy-Bar previously as well. Mean reversion would have got you in on the bounce back up.
- #48,595
- Apr 29, 2020 1:42pm Apr 29, 2020 1:42pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
You think open levels and zones don't have a magnetic pull? Here's today's Billy Bar Zone extended through the day. {image} Bias was short all the way today for me at the open, with The Billy Bar trade itself. Using Short Bias would also have kept you safe from the Long Head Fake on The Not-The-Billy-Bar previously as well. Mean reversion would have got you in on the bounce back up.
Dead Zone UC Short Bias.
- #48,596
- Edited Apr 30, 2020 4:55am Apr 29, 2020 3:03pm | Edited Apr 30, 2020 4:55am
- Joined Feb 2019 | Status: Trader | 1,285 Posts
SOUTHERN COMFORT
STEP 3:
Here we have a simple sessions indicator that I've set to help me see 4 hours of trading (Highs & Lows) on the 1 hour chart.
But not just any old 4 hour bars. (Billy's GMT 00:00 really was the inspiration for this part.)
These four bars or "sessions" all start from midnight Swiss time. I mean, come on, if anyone knows about time the Swiss do!
Plus I have a very interesting conspiracy theory rattling around in my head but that is for another time and another place.
To be continued...
STEP 3:
Here we have a simple sessions indicator that I've set to help me see 4 hours of trading (Highs & Lows) on the 1 hour chart.
But not just any old 4 hour bars. (Billy's GMT 00:00 really was the inspiration for this part.)
These four bars or "sessions" all start from midnight Swiss time. I mean, come on, if anyone knows about time the Swiss do!
Plus I have a very interesting conspiracy theory rattling around in my head but that is for another time and another place.
To be continued...
Empty your mind and let the market guide you
- #48,597
- Apr 29, 2020 4:49pm Apr 29, 2020 4:49pm
- Joined Feb 2019 | Status: Trader | 1,285 Posts
SOUTHERN COMFORT
STEP 4:
Up to Step 3 is basically all the indicators I need but having the ADR on there is pretty useful when taking partial profits on some of the open positions.
In Step 4 we actually have to start doing something.
If the SDL is GREEN then I draw horizontal trendlines on the LOWS of all the H4 Sessions
If the SDL is RED then I draw horizontal trendlines on the HIGHS of all the H4 Sessions.
After a COLOUR CHANGE I use a script to delete everything off the chart and restart the process.
A trader by the name of John was the one who introduced me to the SDL and gave me the tip to wait 6 bars after the COLOUR CHANGE before doing anything.
To be continued ...
STEP 4:
Up to Step 3 is basically all the indicators I need but having the ADR on there is pretty useful when taking partial profits on some of the open positions.
In Step 4 we actually have to start doing something.
If the SDL is GREEN then I draw horizontal trendlines on the LOWS of all the H4 Sessions
If the SDL is RED then I draw horizontal trendlines on the HIGHS of all the H4 Sessions.
After a COLOUR CHANGE I use a script to delete everything off the chart and restart the process.
A trader by the name of John was the one who introduced me to the SDL and gave me the tip to wait 6 bars after the COLOUR CHANGE before doing anything.
To be continued ...
Empty your mind and let the market guide you
- #48,598
- Apr 29, 2020 5:17pm Apr 29, 2020 5:17pm
Hi all, a recap of Wed. 4hr Billy bar cable b/out
At 1pm Oz time..(gmt+10)
Draw a box around the previous 4 x 1 hour bars...or draw wobbly lines with a fat finger on yer fone....!
30 tp...15 sl
One win, one lose...see pic 
At 1pm Oz time..(gmt+10)
Draw a box around the previous 4 x 1 hour bars...or draw wobbly lines with a fat finger on yer fone....!
30 tp...15 sl
One win, one lose...see pic
Onwards and upwards...
- #48,599
- Edited Apr 30, 2020 2:19am Apr 29, 2020 7:16pm | Edited Apr 30, 2020 2:19am
- Joined Feb 2019 | Status: Trader | 1,285 Posts
SOUTHERN COMFORT
STEP 5:
STEP 5.1:
STEP 5.2:
This is where it all starts to happen.
This where everything that I've learned from George, PF, Rick, Blue, Moody and many more start to take shape for me but on a much higher timeframe.
I want to see price hitting targets below, picking up buy orders by taking out Buyers Stops and playing with the liquidity gaps and exhaustion. I want them to do all the work for me while I just hang out by the pool on the one hour chart, sipping my mojitos in the sun and waiting for price to come to me.
ACTION:
If a One Hour BAR touches a LINE, I'm putting a BUY STOP above that BAR's HIGH.
If a One Hour BAR OPENS & CLOSES BEYOND a LINE that LINE is GONSKY!! DELETE IT! BE GONE LINE! (REFER to STEP 5.1 CHART)
If PRICE keeps moving through the LINES, keep following the OPENS & CLOSES and KEEP MOVING the BUY STOP ORDERS.
I find using an EASY ORDER script wonderful when doing this. Makes life so much easier.
STOPS need to be tight as I want the R:R on these trades to be massive so I will put my stop at the bottom of my ENTRY BAR.
Please check Step 5.0 to 5.2 to see how the entries were trailed down then finally triggered.
It is true, that many new positions will die. We must accept that. Use whatever analogy you wish... Omelettes.. Breaking Eggs
I like this one...
CATUS AMAT PISCEM, SED NON VULT TINGERE PLANTAS
"The cat would love to eat fish, but hates to get her feet wet."
To be continued...
STEP 5:
STEP 5.1:
STEP 5.2:
This is where it all starts to happen.
This where everything that I've learned from George, PF, Rick, Blue, Moody and many more start to take shape for me but on a much higher timeframe.
I want to see price hitting targets below, picking up buy orders by taking out Buyers Stops and playing with the liquidity gaps and exhaustion. I want them to do all the work for me while I just hang out by the pool on the one hour chart, sipping my mojitos in the sun and waiting for price to come to me.
ACTION:
If a One Hour BAR touches a LINE, I'm putting a BUY STOP above that BAR's HIGH.
If a One Hour BAR OPENS & CLOSES BEYOND a LINE that LINE is GONSKY!! DELETE IT! BE GONE LINE! (REFER to STEP 5.1 CHART)
If PRICE keeps moving through the LINES, keep following the OPENS & CLOSES and KEEP MOVING the BUY STOP ORDERS.
I find using an EASY ORDER script wonderful when doing this. Makes life so much easier.
STOPS need to be tight as I want the R:R on these trades to be massive so I will put my stop at the bottom of my ENTRY BAR.
Please check Step 5.0 to 5.2 to see how the entries were trailed down then finally triggered.
It is true, that many new positions will die. We must accept that. Use whatever analogy you wish... Omelettes.. Breaking Eggs
I like this one...
CATUS AMAT PISCEM, SED NON VULT TINGERE PLANTAS
"The cat would love to eat fish, but hates to get her feet wet."
To be continued...
Empty your mind and let the market guide you
- #48,600
- Apr 29, 2020 11:58pm Apr 29, 2020 11:58pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.