Billytt Die happy trading e/j daily breakout | Page 2533 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #50,641
  • Jun 21, 2020 12:31pm Jun 21, 2020 12:31pm
Quoting turnip15
{quote} ELEVEN YEARS and you say you are still a newbie - 'kin ell Lem - I might join you
I'll beat you to him. Yaaaaaay beep beep
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,642
  • Jun 21, 2020 12:41pm Jun 21, 2020 12:41pm
Quoting lddd
{quote} I don’t understand this but I won’t ask again. You guys throw in single words like range , adr and so on, how shall a newbie knows what is meant by it :-)
We were all beginners once. It is easy to forget how far we have come. Not to mention what we take for granted and as common knowledge.

RANGE is the distance between two levels. Usually High - Low and expressed in pips.

ADR is the Average Daily Range. Which is the daily range (High - Low) averaged over N number of days. ADR(5) would be the last 5 days ranges added together and then divided by 5.

Many times a google search will answer your question. And a YouTube search will turn up tutorials. RTH was a new term for me last week. Google told me it meant Regular Trading Hours. Rather than ask, I searched.

Hopefully, that eases a bit of frustration.

Cheers, Mate!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,643
  • Jun 21, 2020 12:41pm Jun 21, 2020 12:41pm
Not sure what to say.
In the past I have shown a/u 04-00 to 08-00 charts and how useful they are.
I now stick my neck out showing 00-00 to 04-00 4 hour bar/range.
Combine this with Adr, and it is as good as the Grail.
It is so easy to see. Back test as long as you want.
It is an awesome help.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,644
  • Jun 21, 2020 12:43pm Jun 21, 2020 12:43pm
Quoting TooSlow
{quote} We were all beginners once. It is easy to forget how far we have come. Not to mention what we take for granted and as common knowledge. RANGE is the distance between two levels. Usually High - Low and expressed in pips. ADR is the Average Daily Range. Which is the daily range (High - Low) averaged over N number of days. ADR(5) would be the last 5 days ranges added together and then divided by 5. Many times a google search will answer your question. And a YouTube search will turn up tutorials. RTH was a new term for me last week. Google told...
Thank you TS, I was just gonna ban him. Maybe tomorrow.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,645
  • Jun 21, 2020 12:51pm Jun 21, 2020 12:51pm
Quoting billytt
Not sure what to say. In the past I have shown a/u 04-00 to 08-00 charts and how useful they are. I now stick my neck out showing 00-00 to 04-00 4 hour bar/range. Combine this with Adr, and it is as good as the Grail. It is so easy to see. Back test as long as you want. It is an awesome help.
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 47 KB


This may help the newbies to understand.

"A frequency distribution is an overview of all distinct values in some variable and the number of times they occur. That is, a frequency distribution tells how frequencies are distributed over values."

The frequency distribution in the above chart is for the ranges of HIGH - LOW for the 04:00 H4 bar for the last 16 04:00 H4 bars. The range was at least 20 pips 100% of the time, greater than 30 pips 62.5% of the time and greater than 40 pips 43.75% of the time. Do you think it is wiser to target 20 pips or 40 pips?

Green pips to all. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,646
  • Jun 21, 2020 12:53pm Jun 21, 2020 12:53pm
Quoting billytt
{quote} Thank you TS, I was just gonna ban him. Maybe tomorrow. Trade Well.
Not knowing what RTH meant when everybody else seemed to know humbled me. Be quick to teach, slow to scold may be something to ponder.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,647
  • Jun 21, 2020 1:02pm Jun 21, 2020 1:02pm
Quoting TooSlow
{quote} Not knowing what RTH meant when everybody else seemed to know humbled me. Be quick to teach, slow to scold may be something to ponder.
Sorry bud, you are wrong on this one.
I have spent countless hours helping people,
There is something wrong with this one.
RTH I didn't know, as you say Google. Many other abbreviations I do not know.
I do not just say one word out of the blue, I say them day in day out, post charts as others do.
Anyway. Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,648
  • Jun 21, 2020 2:57pm Jun 21, 2020 2:57pm
Quoting turnip15
{quote} ELEVEN YEARS and you say you are still a newbie - 'kin ell Lem - I might join you
Just because I registered here 11 years ago doesn’t mean I was learning for 11 years or even look at anything related to trading, I am involved in a lot of other things, called life outside FF.
  • #50,649
  • Jun 21, 2020 3:06pm Jun 21, 2020 3:06pm
Quoting lddd
{quote} Just because I registered here 11 years ago doesn’t mean I was learning for 11 years or even look at anything related to trading, I am involved in a lot of other things, called life outside FF.
So you are a Forex Rip Van Winkle. You register on FF then wander off without learning anything. Eleven years registered and still describing yourself as a newbie. This thing called 'life' outside of FF. Perhaps you should involve yourself some more. Eleven years - 'kinell.
every Saint has a past. Every Sinner has a Future
  • #50,650
  • Jun 21, 2020 3:31pm Jun 21, 2020 3:31pm
Just trashed my posts. Sleep well.
  • #50,651
  • Jun 21, 2020 9:19pm Jun 21, 2020 9:19pm
Morning all.
Cable, 00-00 4 hour bar break.
I am Long following the High Break,
E/U I am leaving, but will trade off the 2 hour bar.

I wasn't going to trade at all, but I happened to wake up lol.
Trade Well All
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,652
  • Jun 21, 2020 9:26pm Jun 21, 2020 9:26pm
Trading is a serious business.
Some in here do it for a living.

I no longer need to trade as I have income coming in now made by trading.

I do say I play when hunting the Daily Range (or part).
, But believe me, I am not really playing, I am serious and trade my method 100%.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,653
  • Jun 21, 2020 10:10pm Jun 21, 2020 10:10pm
Quoting billytt
Morning all. Cable, 00-00 4 hour bar break. I am Long following the High Break, E/U I am leaving, but will trade off the 2 hour bar. I wasn't going to trade at all, but I happened to wake up lol. Trade Well All
Hey mate how’s it going? Haha! I’m long EU 00-00 H4 and left GU alone!
cheers
  • #50,654
  • Jun 21, 2020 10:13pm Jun 21, 2020 10:13pm
Quoting Nikl
{quote} Hey mate how’s it going? Haha! I’m long EU 00-00 H4 and left GU alone! cheers
Just closed for +0.5% . Now waiting for AU 04-00 H4
Back to cutting the lawn...
  • #50,655
  • Jun 21, 2020 10:49pm Jun 21, 2020 10:49pm
Quoting billytt
{quote} Sorry bud, you are wrong on this one. I have spent countless hours helping people, There is something wrong with this one. RTH I didn't know, as you say Google. Many other abbreviations I do not know. I do not just say one word out of the blue, I say them day in day out, post charts as others do. Anyway. Trade Well.
That was meant for me to ponder, not you, Mate. CHEERS!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #50,656
  • Jun 21, 2020 10:55pm Jun 21, 2020 10:55pm
Hi all, hope you are all well.

Cable, 00-00 4 hour bar break.
chart copied a few minutes ago, Time now 06-54
Attached Image (click to enlarge)
Click to Enlarge Name: gu 22 A.png Size: 18 KB


ok it has already started,
the 2 black lines are the adr area which are 131 points long, ( my adr today).
lines will be adjusted as price moves.
e/u is similar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,657
  • Jun 21, 2020 10:58pm Jun 21, 2020 10:58pm
Quoting TooSlow
{quote} {image} This may help the newbies to understand. "A frequency distribution is an overview of all distinct values in some variable and the number of times they occur. That is, a frequency distribution tells how frequencies are distributed over values." The frequency distribution in the above chart is for the ranges of HIGH - LOW for the 04:00 H4 bar for the last 16 04:00 H4 bars. The range was at least 20 pips 100% of the time, greater than 30 pips 62.5% of the time and greater than 40 pips 43.75% of the time. Do you think it is wiser to...

20 points is the first target, every bar hit 20 that is frequency distribution, I know you know TS,

your secondary target, letting run, add on, chase the adr is next,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,658
  • Edited 11:21pm Jun 21, 2020 11:03pm | Edited 11:21pm
Quoting Nikl
{quote} Hey mate how’s it going? Haha! I’m long EU 00-00 H4 and left GU alone! cheers
Hi bud, both are good to trade.
I will be on e/u later hopefully, trading off a 2 hour bar.
Notice I didn't say which one, lol.
But I might short off this 04-00 2 hour bar, which might happen any minute now, the high has broke but I left it.
lets see.
t 07-03

oops, forgot chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 22 A.png Size: 18 KB


edit again, no idea why I added this cable chart again, duh!!!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,659
  • Jun 21, 2020 11:04pm Jun 21, 2020 11:04pm
Quoting Nikl
{quote} Just closed for +0.5% . Now waiting for AU 04-00 H4 Back to cutting the lawn...
cutting lawn,??????? I have a gardener lol, (gf)

edit, I don't actually have a lawn, just trees, and they aren't mine.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,660
  • Jun 21, 2020 11:07pm Jun 21, 2020 11:07pm
Quoting TooSlow
{quote} {image} This may help the newbies to understand. "A frequency distribution is an overview of all distinct values in some variable and the number of times they occur. That is, a frequency distribution tells how frequencies are distributed over values." The frequency distribution in the above chart is for the ranges of HIGH - LOW for the 04:00 H4 bar for the last 16 04:00 H4 bars. The range was at least 20 pips 100% of the time, greater than 30 pips 62.5% of the time and greater than 40 pips 43.75% of the time. Do you think it is wiser to...
It would be VERY helpful to know the Frequency Distribution of "how many pips traveled, AFTER the High/Low triggered. The stats you gave here was how often the "range" was "x" pips. That is helpful to narrow down your min and max ranges but not how many pips we should be targeting for each range level. The best frequency distribution for Billy's strategy would be to know how many pips price traveled after breaking the trigger on a 10 pip range, a 15 pip range, 20 pip range...etc. This would allow us to know which ranges have the best success AND how many pips should be target. TYVM for your FD stats....they are VERY helpful. If you could PLEASE produce that stats that I just mentioned, I'm sure EVERYONE on this thread would very much appreciate it. TY TS!
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