You can see anything in a chart when you want to lol......that's why I decided to go totally nakedAnd keep looking to the left
{image}
Billytt Die happy trading e/j daily breakout
- #49,702
- Jun 4, 2020 1:41pm Jun 4, 2020 1:41pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} lol, yaaaaaaaaaaaaaaay not a head and shoulders, but head and hands.oooppp i thought you meant naked trading {image}
- #49,703
- Jun 4, 2020 1:44pm Jun 4, 2020 1:44pm
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
lddd, in england there is an expression history repeats itself.......even if you don't believe that, believe that history rhymes
Soooooo price revisits areas of interest......we don't know for sure what it will do in these areas but we can take a calculated risk.....
And this is the tricky part of trading........throwing yourself in front of the train for a reversal or trading a breakout
And this raises the issue of screentime..........and why some folks spend years, nay decades watching their market of choice...
US30 1 min....go Yankees!!!
Soooooo price revisits areas of interest......we don't know for sure what it will do in these areas but we can take a calculated risk.....
And this is the tricky part of trading........throwing yourself in front of the train for a reversal or trading a breakout
And this raises the issue of screentime..........and why some folks spend years, nay decades watching their market of choice...
US30 1 min....go Yankees!!!
used to be undecided but nowadays can't make my mind up
- #49,705
- Jun 4, 2020 1:47pm Jun 4, 2020 1:47pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
{quote} That err...laptop's nearly as big as mine...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #49,707
- Jun 4, 2020 1:58pm Jun 4, 2020 1:58pm
- Joined Mar 2015 | Status: i have to Carry On | 763 Posts
{quote} If you don't mind me asking, what's are your envelope parameters? I am pulling together some bits-and-bobs for a wee plaything and would be looking to use this as part of the puzzle.
It is the dragon
PM you
but also easy to get burned
like my weary head give back 46 just to wait for 36
- #49,709
- Jun 4, 2020 2:02pm Jun 4, 2020 2:02pm
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
Actually Mark Twain said that so we're in good company!! 
“History doesn’t repeat itself but it often rhymes”
“History doesn’t repeat itself but it often rhymes”
used to be undecided but nowadays can't make my mind up
- #49,712
- Jun 4, 2020 2:22pm Jun 4, 2020 2:22pm
- | Joined Aug 2014 | Status: Relaxed | 1,141 Posts
Look at that!!! I just need to man up like Tyson Fury and we'll be rich in no time......
used to be undecided but nowadays can't make my mind up
- #49,713
- Jun 4, 2020 2:56pm Jun 4, 2020 2:56pm
- Joined Mar 2015 | Status: i have to Carry On | 763 Posts
Now that the 00:00 4 hours had formed I think should have ample time to place whatever order or stop loss. If we have some prior direction bias that will definitely help. we can also beautify the chart, change color, change time frame, change anything. BUT if no prior direction bias and just staring at the movement of PA with our fatty fast fingers, it will be akin to video gaming challenges.
- #49,714
- Jun 4, 2020 2:58pm Jun 4, 2020 2:58pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Back with the new Tec evening play. Could have bagged really quickly on the first kick, for a few pips fine but I had noticed that we actually had a Z-Line set-up on 5-min/15-min, so took a calculated risk that there would be a larger pullback before the drop.
There was and it did.
USTec 1-min Kijun-sen Chart +3 +5.6 +7.1 +8.6 +8.9 +11.1 +13 [+57.3]
Notice the second, higher (100) setting Kijun-sen (magenta). Still remain to be convinced...but we shall see.
There was and it did.
USTec 1-min Kijun-sen Chart +3 +5.6 +7.1 +8.6 +8.9 +11.1 +13 [+57.3]
Notice the second, higher (100) setting Kijun-sen (magenta). Still remain to be convinced...but we shall see.
- #49,718
- Jun 4, 2020 5:17pm Jun 4, 2020 5:17pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Another bite of thin air.
This is the first time I have had the direction going against my bias, so a bit cautious on my part and that, coupled with looking left and hey, I got my +5 anyway and I bailed happy enough.
USTec 1-min +5.9
This is the first time I have had the direction going against my bias, so a bit cautious on my part and that, coupled with looking left and hey, I got my +5 anyway and I bailed happy enough.
USTec 1-min +5.9
- #49,719
- Jun 4, 2020 5:19pm Jun 4, 2020 5:19pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Went on to hit its mark beautifully, so would have made the +10.
- #49,720
- Jun 4, 2020 5:46pm Jun 4, 2020 5:46pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
lddd, in england there is an expression history repeats itself.......even if you don't believe that, believe that history rhymes Soooooo price revisits areas of interest......we don't know for sure what it will do in these areas but we can take a calculated risk..... And this is the tricky part of trading........throwing yourself in front of the train for a reversal or trading a breakout
Hey.
So you say it’s important to know if price revisiting areas of interest / or not for trading a single setup at a specific time of the day where your take profit target is as huge as other people’s spread?
This is what i was reading Billy is doing, this is what I am trying to focus on, this is what I would also like to become consistently profitable at.
If i didn’t get it right correct me please Billy but I think that’s what you and others here told me is the thing.
I actually think it has nothing to do with trading any kind of breakout at all if going for 5 pips price fluctuation on a M15 chart while protecting with a counter trade once x pips not in profit on the trade.
But thanks for your feedback :-)