Billytt Die happy trading e/j daily breakout | Page 2513 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,241
  • Jun 11, 2020 2:57am Jun 11, 2020 2:57am
Quoting billytt
Cable, 08-00 break. +5 would of been made lol (after spread etc). the one that got away,
I felt nervous, so I closed at +1 before that quick move up I saw just now.

Would you say it’s better not to trade where the 8:00 setup candle is already about 30+ Pips?
  • #50,242
  • Jun 11, 2020 3:21am Jun 11, 2020 3:21am
Quoting billytt
DAX, red flag bull????
Morning Billy, wants to cling to 12200 zone at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 11_06(1).png Size: 38 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,243
  • Jun 11, 2020 3:29am Jun 11, 2020 3:29am
Quoting birdland
{quote} i took this advice, a good idea! and the trade for +8, thx billy. {image}
it does work bud, nice one.
It can get tricky too, sometimes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,244
  • Jun 11, 2020 3:31am Jun 11, 2020 3:31am
Quoting lddd
{quote} I felt nervous, so I closed at +1 before that quick move up I saw just now. Would you say it’s better not to trade where the 8:00 setup candle is already about 30+ Pips?
nothing wrong with closing with +1, I do that at times.
Big range, big bank roll.
As I posted, even though the stats were good for long,
I did not touch it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,245
  • Jun 11, 2020 3:31am Jun 11, 2020 3:31am
Quoting Davidh061
{quote} Morning Billy, wants to cling to 12200 zone at the moment {image}
I keep taking a look, hopefully get the long trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,246
  • Jun 11, 2020 3:38am Jun 11, 2020 3:38am
Quoting ikdenk
{quote} Which pair(s), please?
Cable...GBP/USD
Onwards and upwards...
  • #50,247
  • Jun 11, 2020 3:47am Jun 11, 2020 3:47am
Quoting Nikl
{quote} AU H2 broke low for +7pip
AU H2 broke high for +7 Pips also...
  • #50,248
  • Jun 11, 2020 4:05am Jun 11, 2020 4:05am
Now I just need to unwind my EJ H2 failed long break from this morning.....
  • #50,249
  • Jun 11, 2020 4:44am Jun 11, 2020 4:44am
Quoting Nikl
Now I just need to unwind my EJ H2 failed long break from this morning.....
If you're into EJ gave this a try. It's based on Billy's original EJ day breakout.

Ferru coded it for me some years back and it's really simple. Just compiled it and no errors/warnings.

Never got around to using it for one reason or another.
Attached File(s)
File Type: mq4 EJ Day Break.mq4   9 KB | 328 downloads
  • #50,250
  • Jun 11, 2020 4:54am Jun 11, 2020 4:54am
DAX on the move:
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 11_06(2).png Size: 40 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,251
  • Jun 11, 2020 5:05am Jun 11, 2020 5:05am
Quoting claudia1
{quote} If you're into EJ gave this a try. It's based on Billy's original EJ day breakout. Ferru coded it for me some years back and it's really simple. Just compiled it and no errors/warnings. Never got around to using it for one reason or another. {file}
Thanks Claudia I'll have a look at it. Anything to make my life easier!
  • #50,252
  • Jun 11, 2020 5:20am Jun 11, 2020 5:20am
Oh well, maybe it was a bit optimistic expecting the DAX to break through the resistance at 12300; BE+1!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 11_06(3).png Size: 42 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,253
  • Jun 11, 2020 6:33am Jun 11, 2020 6:33am
Quoting billytt
cable, I am not trading 08:00 15 bar break, as range is too big. t 08-12
What is your maximum range of the 08 bar and do you also look what of the daily range has been reached at this time, so let’s say average daily range is 120 pips for the last days/weeks and 100 would have been reached already at 08, would you still enter?
  • #50,254
  • Jun 11, 2020 8:05am Jun 11, 2020 8:05am
DAX on the move again, not so greedy this time!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30(£)M3 11_06(4).png Size: 38 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,255
  • Jun 11, 2020 8:34am Jun 11, 2020 8:34am
Quoting Davidh061
DAX on the move again, not so greedy this time! {image}
BE +3 , DAX couldn't be bothered to hit 12100, enough!
Everything should be made as simple as possible, but no simpler - Einstein
  • #50,256
  • Jun 11, 2020 9:09am Jun 11, 2020 9:09am
What fun has happened, I went out for a couple of hours. and VOILA.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,257
  • Jun 11, 2020 9:12am Jun 11, 2020 9:12am
Quoting lddd
{quote} What is your maximum range of the 08 bar and do you also look what of the daily range has been reached at this time, so let’s say average daily range is 120 pips for the last days/weeks and 100 would have been reached already at 08, would you still enter?
to be honest, that would not happen. (it could but rare)
BUT, if I had a 100 daily range I would not trade the 08-00 break.
I say would not, but don't forget we have the day after to trade, so a counter is a counter.
But no, I would leave it.

Some times at holiday time we have very small daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,258
  • Jun 11, 2020 11:54am Jun 11, 2020 11:54am
Quoting billytt
{quote} to be honest, that would not happen. (it could but rare) BUT, if I had a 100 daily range I would not trade the 08-00 break. I say would not, but don't forget we have the day after to trade, so a counter is a counter. But no, I would leave it. Some times at holiday time we have very small daily range.
Thanks.

I think I will have to look at a second setup I could trade to have a better chance actually reaching any daily goal for days like today where i only got +1 out of 8:00 GU (if 5 was reached a few seconds later). I know settings up goals is not good practice at all and I will also stick to the plan for now trying to keep executing this one flawlessly until I feel more comfortable.

Regards.
  • #50,259
  • Jun 11, 2020 12:04pm Jun 11, 2020 12:04pm
Quoting soccerfan
{quote} A loss is too expensive at your cash level & lack of plan My broker has a v small spread..low commission, I have been trading my plan as previously discussed.....!!! The most I lose is 5 pips at a time..haha..! Trade carefully & have a plan to save a loss as cash is precious....good luck {image}
I just wonder that this works with GU, my backtests on a stop loss of 5 and if failed aim for 10 at the opposite trigger did not give positive results.

But great if that works for you :-)
  • #50,260
  • Jun 11, 2020 4:31pm Jun 11, 2020 4:31pm
Quoting billytt
{quote} I keep taking a look, hopefully get the long trigger.
Do you get driven to distraction by noises in your ear ?
Attached Image
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