Billytt Die happy trading e/j daily breakout | Page 2512 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,221
  • Jun 10, 2020 11:39pm Jun 10, 2020 11:39pm
Quoting billytt
{quote} yes indeed, I was actually looking at it, ( not to trade). Hope you are well, good trade.
Thanks m8..
Onwards and upwards...
  • #50,222
  • Jun 11, 2020 12:12am Jun 11, 2020 12:12am
cable, I am not trading 08:00 15 bar break, as range is too big.
t 08-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,223
  • Jun 11, 2020 12:14am Jun 11, 2020 12:14am
Quoting Nikl
{quote} Hi Soccerfan No I’m looking at the GU 4h that closes in 15 mins or so. Regarding AU I’ll have a crack at the 2H bar that closes just before London open (06-00 - 08-00) cheers
AU H2 broke low for +7pip
  • #50,224
  • Jun 11, 2020 12:17am Jun 11, 2020 12:17am
Quoting Nikl
{quote} AU H2 broke low for +7pip
nice one bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,225
  • Jun 11, 2020 12:20am Jun 11, 2020 12:20am
Cable, 08-00 15 min bar break.
As a safe guard, this can be traded , example ,, low break go short, if it retraces stick a counter on ,lets say at - 15 or what ever,
this will hold trade in loimbo until next trigger, High or even low again.
BECAUSE IT WILL MOVE.
Don't try this at home, I am just saying.
t 08-20
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,226
  • Jun 11, 2020 12:24am Jun 11, 2020 12:24am
Quoting billytt
{quote} nice one bud.
Thanks mate. I might pick your brain at some point regarding your compounding procedure if that’s ok. I’ll try and have a go myself first. I know it’s been mentioned a few times recently so I’ll go back and have a re read.
cheers
  • #50,227
  • Jun 11, 2020 12:26am Jun 11, 2020 12:26am
I shall be trying the Billybar plan on Tokyo tmro...same 15min bar etc..
10:15 AEST......Ozzie's watch out..
Have a gr8 day all
Onwards and upwards...
  • #50,228
  • Jun 11, 2020 12:31am Jun 11, 2020 12:31am
Quoting Nikl
{quote} Thanks mate. I might pick your brain at some point regarding your compounding procedure if that’s ok. I’ll try and have a go myself first. I know it’s been mentioned a few times recently so I’ll go back and have a re read. cheers
oooooooooooooooooooooo as in moo,,, Compounding = Grail
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,229
  • Jun 11, 2020 12:32am Jun 11, 2020 12:32am
Quoting soccerfan
I shall be trying the Billybar plan on Tokyo tmro...same 15min bar etc.. 10:15 AEST......Ozzie's watch out.. Have a gr8 day all
you too bud, Don't Forget, we do have fails as you know. plan B
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,230
  • Jun 11, 2020 12:34am Jun 11, 2020 12:34am
Cable 08-00 15 min bar break.

High just triggered EXACTLY on the trigger then retraced down 7/8 points, that would spook me.

if it keeps dropping we could enter a retrace trade at reduced risk.
I am leaving it .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,231
  • Jun 11, 2020 12:34am Jun 11, 2020 12:34am
Quoting billytt
Cable, 08-00 15 min bar break. As a safe guard, this can be traded , example ,, low break go short, if it retraces stick a counter on ,lets say at - 15 or what ever, this will hold trade in loimbo until next trigger, High or even low again. BECAUSE IT WILL MOVE. Don't try this at home, I am just saying. t 08-20
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?
  • #50,232
  • Jun 11, 2020 12:37am Jun 11, 2020 12:37am
DAX, red flag bull????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,233
  • Jun 11, 2020 12:46am Jun 11, 2020 12:46am
GU High triggered

Edit: Closed manually for +1 instantly as I saw it’s going to retrace.

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  • #50,234
  • Jun 11, 2020 12:47am Jun 11, 2020 12:47am
Cable, 08-00 break.
+5 would of been made lol (after spread etc).
the one that got away,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,235
  • Jun 11, 2020 12:47am Jun 11, 2020 12:47am
Hi broke +5...
PIVOT Return This Year: na
  • #50,236
  • Jun 11, 2020 12:51am Jun 11, 2020 12:51am
Quoting soccerfan
I shall be trying the Billybar plan on Tokyo tmro...same 15min bar etc.. 10:15 AEST......Ozzie's watch out.. Have a gr8 day all
Which pair(s), please?
  • #50,237
  • Jun 11, 2020 12:51am Jun 11, 2020 12:51am
I don't really feel like marking up a chart so I'll just tell you what I seen today with the Billy Bar. If I were trading it today I would have only taken Shorts. If you look at the "high trigger" area and look left you can see a level just at the area of the trigger. Yeah we're only going for 5 pips but the odds of price stopping in that area and bouncing around are much higher than if the Low was to trigger. If you look at the LOW and look left then you will see if that would have broke then price would have also broke the "low of the day" and it was right at a 00 line. If price was to break the Low with some momentum it would have been much better then the Upper Trigger breaking. This was my take on todays trade. I would have only taken Shorts today.

EDIT: If you look at the ADR, it has already reached over 80% of the 5 day ADR. If price was to retrace and break the Lower Trigger, this wouldn't be one of billy's GEM's that he looks for. Not enough room in the ADR to chase out the other side. Billy please correct me if im wrong.

EDIT #2: Shows what I know...lol


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  • #50,238
  • Jun 11, 2020 12:51am Jun 11, 2020 12:51am
Quoting dimash0609
Hi broke +5...
yes, nice one. as I posted, I left it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,239
  • Jun 11, 2020 12:54am Jun 11, 2020 12:54am
Quoting bojack34
I don't really feel like marking up a chart so I'll just tell you what I seen today with the Billy Bar. If I were trading it today I would have only taken Shorts. If you look at the "high trigger" area and look left you can see a level just at the area of the trigger. Yeah we're only going for 5 pips but the odds of price stopping in that area and bouncing around are much higher than if the Low was to trigger. If you look at the LOW then you will see if that would have broke then price would have also broke the "low of the day" and it was right...
Hi BO, hope you are well.
good post with good reasoning.
I left it, the stats say it would be good but I wasn't risking my normal trade money on it.
it was good,
BUT, I never really look at what has happened, I trade lines. breaks. Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,240
  • Jun 11, 2020 12:57am Jun 11, 2020 12:57am
Quoting billytt
Cable, 08-00 15 min bar break. As a safe guard, this can be traded , example ,, low break go short, if it retraces stick a counter on ,lets say at - 15 or what ever, this will hold trade in loimbo until next trigger, High or even low again. BECAUSE IT WILL MOVE. Don't try this at home, I am just saying. t 08-20
i took this advice, a good idea!
and the trade for +8, thx billy.
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trading is like dancing, don't think and just listen to the music!
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