Billytt Die happy trading e/j daily breakout | Page 2475 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #49,481
  • Jun 2, 2020 12:15pm Jun 2, 2020 12:15pm
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  • #49,482
  • Jun 2, 2020 1:02pm Jun 2, 2020 1:02pm
Quoting claudia1
{quote} It doesn't matter what time frame you use. The ea (software) is already programmed to do what you suggest. Forget messing around with different pairs - at that time of day stay with G/U.
One more question. If that first trade of the day turns out to be a loss I guess I should avoid any further trade for the day, take that -10 Pips at doubled position size and wait for the next days 8:15 bar?
  • #49,483
  • Jun 2, 2020 1:02pm Jun 2, 2020 1:02pm
Quoting turnip15
{quote} Yes - it has been a long journey. If I stay on FF much longer they might award me the 'Golden Gnome.'
There actually is a chance of that!

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  • #49,484
  • Jun 2, 2020 1:06pm Jun 2, 2020 1:06pm
Quoting lddd
{quote} One more question. If that first trade of the day turns out to be a loss I guess I should avoid any further trade for the day, take that -10 Pips at doubled position size and wait for the next days 8:15 bar?
I'll let Lem or Billy answer that as I don't really trade the 8.15 the way they do.
  • #49,485
  • Jun 2, 2020 1:09pm Jun 2, 2020 1:09pm
Quoting lddd
{quote} Yes it makes sense. I tried trading the London breakout earlier but without having some clear instructions also following some lagging indicators. I either ended up with a a lot of false breakouts instantly hitting my SL, 5-10 Pips or a RR 1:2 TP 15-20 (i thought would be a wise choice) was often not reached as well to compensate the high amount of losers. Just to see some time later the day price easily went trough my TP. Maybe I also didn’t trade such strategy properly which again could have been the reason for lack of understanding it...

''It is only when we forget all our learning that we begin to know.''

- Henry David Thoreau
  • #49,486
  • Jun 2, 2020 1:11pm Jun 2, 2020 1:11pm
I actually like this one, lol...

''STOP looking back!!!! When your past calls, do NOT pick up!! It has nothing new to say.''

- Joseph Simmons
  • #49,487
  • Jun 2, 2020 1:16pm Jun 2, 2020 1:16pm
Quoting lddd
{quote} One more question. If that first trade of the day turns out to be a loss I guess I should avoid any further trade for the day, take that -10 Pips at doubled position size and wait for the next days 8:15 bar?
If you are running only The Billy Bar, then yes, I'd be inclined to shut it down and come back tomorrow.

There is a phenomenon that shows price having a tendency to revisit those levels again through the day - you see it with The Dead Zone as well - but for now, I'd leave that alone, maybe just watch it or check it at the end of the day and see if there would have been anything there. We're getting into wheels-within-wheels here though.
  • #49,488
  • Jun 2, 2020 2:06pm Jun 2, 2020 2:06pm
Quoting lemercenaire
I actually like this one, lol... ''STOP looking back!!!! When your past calls, do NOT pick up!! It has nothing new to say.'' - Joseph Simmons
LET US NOT LOOK BACK IN ANGER, NOR FORWARD IN FEAR, BUT AROUND IN AWARENESS.

(JAMES THURBER)

No idea who he is but good words.
  • #49,489
  • Jun 2, 2020 3:35pm Jun 2, 2020 3:35pm
Been looking at an end-of-day move here and if it stands up, I'll get into it more. However, for now, I'll settle for these.

USTec 1-min Kijun-sen Chart +41.3 +42.4 +46.2 +46.3 +47 +48.8 +49.3 +49.8 [+371.1]

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Click to Enlarge Name: InkedUSTec1-minEndOfDay2ndJune2020+41.3+42.4+46.2+46.3+47+48.8+49.3+49.8_LI.jpg Size: 623 KB
  • #49,490
  • Jun 2, 2020 3:37pm Jun 2, 2020 3:37pm
Quoting lemercenaire
{quote} It does make sense. Someone else had the same problems not long ago...can't remember who that was now. One of our Oz guys? I do remember Bo was on Mountain Time which was fun as well, lol. If I remember correctly, the way they got round it was to make the four hour block into a custom candle via 4 x 1 hr candles. You can either use a hand drawn box or there are Custom-Candle indis available. Or just draw your high + Low yourself. Maybe whoever it was can see this, come on and shed some light. Or you could just chart off of a UK Broker's...
Thanks Lem
Thats what I thought. It doesn’t help when I live in a different TZ too! Anyway I have a post it note on my monitor now
cheers
  • #49,491
  • Jun 2, 2020 3:39pm Jun 2, 2020 3:39pm
Quoting claudia1
{quote} Nick - avoid the 4 hour bars as the times with broker servers etc can get very confusing. Use the hour bar or four of them lol. Time right now in UK is 14.31.
Thanks Claudia
  • #49,492
  • Jun 2, 2020 4:59pm Jun 2, 2020 4:59pm
Quoting soccerfan
Use 8:15 open price,set a buy at 5 away, tp 5, sl 5 Same with sell As soon as one trade is triggered double the size of the other trade
Did you mean placing the buy + sell simultaneously with a 5 Pips distance?

If doing this manually, what if i can't double the size of the second order anymore because price jumped there just in that second? Also what if price jumped 5 pips up and down and executed both trades almost the same time?

Sorry again for asking, i am confused, had a long day. Trying to prepare for tomorrow morning.
  • #49,493
  • Jun 2, 2020 5:09pm Jun 2, 2020 5:09pm
Quoting lddd
{quote} Did you mean placing the buy + sell simultaneously with a 5 Pips distance? If doing this manually, what if i can't double the size of the second order anymore because price jumped there just in that second? Also what if price jumped 5 pips up and down and executed both trades almost the same time? Sorry again for asking, i am confused, had a long day. Trying to prepare for tomorrow morning.
Have a look & see at 8:15
.keep lot size minimum,..fast fingers needed
Onwards and upwards...
  • #49,494
  • Jun 2, 2020 7:12pm Jun 2, 2020 7:12pm
someone looking for this -
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Auto_Sessions_v2.9.mq4
  • #49,495
  • Jun 2, 2020 7:35pm Jun 2, 2020 7:35pm
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just change those highlighted in red according to your broker time.

then play with the color, font size and frame size
  • #49,496
  • Jun 2, 2020 8:50pm Jun 2, 2020 8:50pm
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how can I trade it?
lines are important and they should have an anchored
lines cannot predict the future direction of PA
Unless they are back-up by historical fact.
Yes history repeat - To the place the streams come from, there they return again.
Historical fact with high FD stat
GU moves up and down the last thirteen days it will soon lay down his weary head.
give it a few more hours.
  • #49,497
  • Jun 3, 2020 12:49am Jun 3, 2020 12:49am
Hi all from the Trees.
Cable. 00-00 4 hour bar break. Nothing Happening.

E/U 00-00 4 hour bar break, the High has broken BUT I HAVE LEFT IT AGAIN,
It has made approx. 13/14points. if I were trading it, I would be looking for 15/16 off that first break OR 1/2 if it retraces.
Anyway, have a good day all. Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,498
  • Jun 3, 2020 12:55am Jun 3, 2020 12:55am
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  • #49,499
  • Jun 3, 2020 12:57am Jun 3, 2020 12:57am
EU scary 1.12410, 1.13575
  • #49,500
  • Jun 3, 2020 1:01am Jun 3, 2020 1:01am
Quoting failinforex
{image} how can I trade it? lines are important and they should have an anchored lines cannot predict the future direction of PA Unless they are back-up by historical fact. Yes history repeat - To the place the streams come from, there they return again. Historical fact with high FD stat GU moves up and down the last thirteen days it will soon lay down his weary head. give it a few more hours.
Hi F,
good post.
Certain Lines are better than others. as are the areas.
We need lines which are safe from whip , But it can/does happen.
AND, the lines should be in harmony with the daily range.??????
Here endeth the lesson.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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