Billytt Die happy trading e/j daily breakout | Page 2480 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #49,581
  • Jun 3, 2020 5:21am Jun 3, 2020 5:21am
Quoting mrcreosote
{quote} Interesting, I've always thought Bunds were for Nick Leeson types Just found it with IG, why the gaps!? I'm getting to quite like DAX, not cos I can make any money but I think it moves in quite a 'technical way'.... {image}
Stick with Dax then. Follow Lem you won't go wrong. Don't know why the gaps are there haven't looked at it for a while. S & P worth looking at.
  • #49,582
  • Jun 3, 2020 5:22am Jun 3, 2020 5:22am
Hey, how about we all start trading the Bund and I'll get us a load of t-shirts???
Attached Image
used to be undecided but nowadays can't make my mind up
  • #49,583
  • Jun 3, 2020 5:24am Jun 3, 2020 5:24am
Quoting mrcreosote
{quote} Interesting, I've always thought Bunds were for Nick Leeson types Just found it with IG, why the gaps!? I'm getting to quite like DAX, not cos I can make any money but I think it moves in quite a 'technical way'.... {image}
DAX is fun but a bit wild and rarely boring! closed this one about an hour ago for +90, second attempt after a stop out at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 03_06(2).png Size: 42 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #49,584
  • Jun 3, 2020 5:25am Jun 3, 2020 5:25am
Quoting mrcreosote
Hey, how about we all start trading the Bund and I'll get us a load of t-shirts??? {image}
I got a t-shirt from Twee a year or two back still got.
  • #49,585
  • Jun 3, 2020 5:25am Jun 3, 2020 5:25am
Quoting mrcreosote
{quote} Interesting, I've always thought Bunds were for Nick Leeson types Just found it with IG, why the gaps!? I'm getting to quite like DAX, not cos I can make any money but I think it moves in quite a 'technical way'.... {image}
Because it's German.

Or because it trades in time blocks. Pre trading, Continuous and Post trading.

Have you noticed how efficiently it likes to close these gaps?

There's a name for that...but you can get arrested for using it nowadays...
  • #49,586
  • Jun 3, 2020 5:26am Jun 3, 2020 5:26am
Quoting Davidh061
{quote} DAX is fun but a bit wild and rarely boring! closed this one about an hour ago for +90, second attempt after a stop out at BE. {image}
Should have mentioned these are 10 pip bricks, SL originally at 24 pips.
Everything should be made as simple as possible, but no simpler - Einstein
  • #49,587
  • Jun 3, 2020 5:29am Jun 3, 2020 5:29am
Quoting claudia1
{quote} Stick with Dax then. Follow Lem you won't go wrong. Don't know why the gaps are there haven't looked at it for a while. S & P worth looking at.
I try to but he's faster than the borg and must have a gigabit connection to his broker's datacentre the way he puts trades on
used to be undecided but nowadays can't make my mind up
  • #49,588
  • Jun 3, 2020 5:29am Jun 3, 2020 5:29am
Quoting lemercenaire
{quote} Because it's German. Or because it trades in time blocks. Pre trading, Continuous and Post trading. Have you noticed how efficiently it likes to close these gaps? There's a name for that...but you can get arrested for using it nowadays...
Betfair then Billy Hill time for me.
  • #49,589
  • Jun 3, 2020 5:30am Jun 3, 2020 5:30am
Quoting Davidh061
{quote} Should have mentioned these are 10 pip bricks, SL originally at 24 pips.
Cool, do you always trade 'with the trend' or do you do swings/reversals too?
used to be undecided but nowadays can't make my mind up
  • #49,590
  • Jun 3, 2020 5:31am Jun 3, 2020 5:31am
Quoting Davidh061
{quote} Should have mentioned these are 10 pip bricks, SL originally at 24 pips.
Is that the same bricks that have been mysteriously appearing stacked in neat piles at the sites where - funnily enough - riots break out later in the day in the US just now?

Probably not.

I like the idea of Bricking-It...The DAX is particularly suited to it. However, I'm a lazy sod and the charts are so much faff.

Good job there, though. That'll keep you in fizzy juice for a while.
  • #49,591
  • Jun 3, 2020 5:33am Jun 3, 2020 5:33am
I'm gone.

Cats to be fed.

Back later.

Y'all have fun now!
  • #49,592
  • Edited 6:00am Jun 3, 2020 5:39am | Edited 6:00am
[quote=lemercenaire;12979929]{quote} I think you need an enema for your brain. It is far too full of...stuff. Try not to think. Billy has done all the thinking for you. Pull up GU in the morning. 08:00 15 min chart. Candle closes. If price goes up and crosses the High, BUY. If price goes down and crosses the Low, SELL. Close it when the little numbers add up to enough green to make you happy. Here's a clue, somewhere between 1 and 5 is good. If it only goes for say, +2 and looks to be stalling, just close the damn thing. Guess what, you have made +2. You don't need to worry about any countering. If i

Thank You Lem
chart below, cable 15 minute bar, we have a high and a low ,
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 A.png Size: 16 KB

the Low broke and we enter short, it did retrace up quite a lot, but that means nothing,
then it dropped kerching.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 B.png Size: 16 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,593
  • Jun 3, 2020 5:40am Jun 3, 2020 5:40am
Quoting lemercenaire
{quote} Is that the same bricks that have been mysteriously appearing stacked in neat piles at the sites where - funnily enough - riots break out later in the day in the US just now? Probably not. I like the idea of Bricking-It...The DAX is particularly suited to it. However, I'm a lazy sod and the charts are so much faff. Good job there, though. That'll keep you in fizzy juice for a while.
hi Lemercenaire,

Thanks, much nicer bricks! The DAX does seem to lend itself to Renko, plenty of S&R levels the market will reverse into then retrace. I've been having a decent run on the DAX of late by increasing the brick size, 10 pips seems about right. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #49,594
  • Jun 3, 2020 5:41am Jun 3, 2020 5:41am
Quoting lemercenaire
{quote} I think you need an enema for your brain. It is far too full of...stuff. Try not to think. Billy has done all the thinking for you. Pull up GU in the morning. 08:00 15 min chart. Candle closes. If price goes up and crosses the High, BUY. If price goes down and crosses the Low, SELL. Close it when the little numbers add up to enough green to make you happy. Here's a clue, somewhere between 1 and 5 is good. If it only goes for say, +2 and looks to be stalling, just close the damn thing. Guess what, you have made +2. You don't need to worry...
Thank you so much for that post. Understand, yes it’s really hard to break free out of that old thinking processes.

I happy with a +5/day. I did that and stopped for today. To often in the past i would by now already have triggered a second or third trade just to see my daily profit turning into a loss.

So I will try to focus hard now doing this what you say only for that specific time each morning and shut down.

Will report on 03/07/2020 and tell you how it went.
  • #49,595
  • Jun 3, 2020 5:59am Jun 3, 2020 5:59am
This morning saw 3rd +5 from EU daily break (thanks Billy), and this is my first day buying/selling with the new approach. Some horizontal lines, some PA, short targets, attempts to save trades rather than stopout (tnx everyone else). Today it worked, so I think I'll stop here until tomorrow - it's quite a rush to handle, even on demo.

Attached Image (click to enlarge)
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  • #49,596
  • Jun 3, 2020 6:12am Jun 3, 2020 6:12am
Quoting mrcreosote
{quote} Interesting, I've always thought Bunds were for Nick Leeson types Just found it with IG, why the gaps!? I'm getting to quite like DAX, not cos I can make any money but I think it moves in quite a 'technical way'.... {image}
Sure Bund dose gap, but that chart is missing data. IG must open trade at different time to Eurex.
Eurex changed the open time 1 or 2 years ago. Used to open an hour before Xetra.
Now it opens like 6 hours earlier, but liquidity dose not enter until the old open time.

Maybe that is the open time IG use.
  • #49,597
  • Jun 3, 2020 6:22am Jun 3, 2020 6:22am
Quoting stu
This morning saw 3rd +5 from EU daily break (thanks Billy), and this is my first day buying/selling with the new approach. Some horizontal lines, some PA, short targets, attempts to save trades rather than stopout (tnx everyone else). Today it worked, so I think I'll stop here until tomorrow - it's quite a rush to handle, even on demo. {image}
Nice one Stu
Today EJ saw the 7th consecutive Daily break to the long side. I missed out today as I thought it was getting a bit extended. There's a good stack of lows now, ripe for the picking, I've got 2 pendings (shorts) 1 with +7 TP and the other without a TP Hopefully to ride the wave down!
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 69 KB
  • #49,598
  • Jun 3, 2020 6:29am Jun 3, 2020 6:29am
Quoting mrcreosote
{quote} Cool, do you always trade 'with the trend' or do you do swings/reversals too?
Hi MrC, I tend to trade with the trend, looking for reversals into S&R levels or consoldation around a level before it breaks out. The trade I've just completed there was a bit of a reversal at 122210 (grey line), the price continued and then pulled back into that level before setting off long again and I opened at the next full brick (12220). The nice thing about the DAX is it is full of these types of moves! There was a similar move at around 8.15 but I think I was eating my porridge Also this style of non gap Renko seems to suit. Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #49,599
  • Jun 3, 2020 7:00am Jun 3, 2020 7:00am
Quoting Davidh061
{quote} Hi MrC, I tend to trade with the trend, looking for reversals into S&R levels or consoldation around a level before it breaks out. The trade I've just completed there was a bit of a reversal at 122210 (grey line), the price continued and then pulled back into that level before setting off long again and I opened at the next full brick (12220). The nice thing about the DAX is it is full of these types of moves! There was a similar move at around 8.15 but I think I was eating my porridge Also this style of non gap Renko seems to suit....
Excellent stuff thanks Dave....I was eating my porridge too but about an hour earlier than you I think
yes I saw a small pullback around 8:30 UK time....good train to get aboard that one....I keep missing the trains.....too much porridge maybe
Happy trading sir!
used to be undecided but nowadays can't make my mind up
  • #49,600
  • Jun 3, 2020 7:12am Jun 3, 2020 7:12am
Quoting BubaYaga
{quote} Sure Bund dose gap, but that chart is missing data. IG must open trade at different time to Eurex. Eurex changed the open time 1 or 2 years ago. Used to open an hour before Xetra. Now it opens like 6 hours earlier, but liquidity dose not enter until the old open time. Maybe that is the open time IG use.
cheers, enjoyed the Glengarry Glen rap! You've got a great sense of humour you should post more!
That is a great movie with a great cast for anybody who hasn't seen it
Check this lass out, if you listen carefully you can hear her geordie accent, she's from Newcastle.........for years I thought she used to be in Girls Aloud
Good guitar on this too
Inserted Video
used to be undecided but nowadays can't make my mind up
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