Billytt Die happy trading e/j daily breakout | Page 2543 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #50,841
  • Jun 24, 2020 3:49am Jun 24, 2020 3:49am
Quoting tommiho
Billy, when you are hunting for the daily range, are you trading off the 2h bars when the 00 4h is broken to one side? Good example today. Or would you use e.g, 15min bars? If the range on 2h bars would be too wide. Thanks
Hi Bud, good question.
My stats are changing so I can now trade off the 2 hour bars with more confidence.

yesterday, we had a big 00-00 range, which could of been tricky if traded, as I posted I actually traded it off the 2 hour bars, like I did today.

I am not suggesting trading the 2 bars, but they are good,
As always, watch the adr.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,842
  • Jun 24, 2020 3:50am Jun 24, 2020 3:50am
Quoting tommiho
Billy, when you are hunting for the daily range, are you trading off the 2h bars when the 00 4h is broken to one side? Good example today. Or would you use e.g, 15min bars? If the range on 2h bars would be too wide. Thanks
AND, I only trade Cable, 15 minute bar and no other...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,843
  • Jun 24, 2020 3:55am Jun 24, 2020 3:55am
e/u 00-00 4 hour bar break, the low break was perfect, but I actually shorted off the 04-00 2 hour bar No1, and it failed.
it broke high then down again,
WAS THIS WISE???????? to trade the 2, in my case yes, as I am playing this like a PS4 game.
All came good. lol
Attached Image (click to enlarge)
Click to Enlarge Name: eu 24 06 E.png Size: 19 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,844
  • Jun 24, 2020 4:03am Jun 24, 2020 4:03am
Can you guys stop fek'n writing?!?!?! I have 830...nope, now 860...posts to catch up on!
  • #50,845
  • Jun 24, 2020 4:05am Jun 24, 2020 4:05am
Quoting lemercenaire
Can you guys stop fek'n writing?!?!?! I have 830...nope, now 860...posts to catch up on!
Just blame Billy.
  • #50,846
  • Jun 24, 2020 4:10am Jun 24, 2020 4:10am
Hey lem, looks like that's one way to recall you lol
  • #50,847
  • Jun 24, 2020 4:20am Jun 24, 2020 4:20am
Quoting lemercenaire
Can you guys stop fek'n writing?!?!?! I have 830...nope, now 860...posts to catch up on!
Welcome back m8....
Onwards and upwards...
  • #50,848
  • Jun 24, 2020 4:28am Jun 24, 2020 4:28am
Quoting lemercenaire
Can you guys stop fek'n writing?!?!?! I have 830...nope, now 860...posts to catch up on!
YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY the lads back.
Hope you are well...…………………..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,849
  • Jun 24, 2020 4:38am Jun 24, 2020 4:38am
Quoting lemercenaire
Can you guys stop fek'n writing?!?!?! I have 830...nope, now 860...posts to catch up on!
you're one to talk...;-)
trading is like dancing, don't think and just listen to the music!
  • #50,850
  • Jun 24, 2020 5:30am Jun 24, 2020 5:30am
I have received an interesting ping from a local.

chart below shows cable 00-00 bar break , low broke which was good , BUT WHAT IF you trade the 2 hour bar too???? like I do.

The low broke for x amount and then retraced back into the 00-00 range.
The bias is still low until the high breaks.
BUT what if you trade the 2 hour separately of at the same time???
Attached Image (click to enlarge)
Click to Enlarge Name: gu 24 06 F.png Size: 17 KB

First, you shouldn't really do it, I did it last week,lol
Chart No1, the bar broke the 06-00 2 hour bar high , and then retraced down.
The short bias is still good, The long trade would of been ok as it retraced for enough points to fix it.
Just keep your trades separate.
This explanation is tricky, hopefully I can simplify it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,851
  • Jun 24, 2020 5:59am Jun 24, 2020 5:59am
Cable, 00-00 4 hour bar break.

I speak of a cheeky trade or Retrace Trade.
right now the bias is short.
if you had just opened a chart and saw bar No 2, quite close to the 00-00 high break, you could of entered a short, (retrace trade-cheeky trade) and if it drops, you win and if it fails, you lose less.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 24 06 G.png Size: 13 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,852
  • Jun 24, 2020 6:06am Jun 24, 2020 6:06am
Not so sure about the short bias Billy ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 38 KB
  • #50,853
  • Jun 24, 2020 6:24am Jun 24, 2020 6:24am
Quoting Nikl
{quote} aaaaand out for +7. Sometimes it’s too easy! missed the 08-00 bar as I managed to stick a 1/8 th drill bit in my thumb!


My dad was drilling a post through a while back......needed a bit more pressure to get through so he reached round the back with his left arm!!!

Nice 10mm hole in the soft flesh - those genes all came down to me BTW.
  • #50,854
  • Jun 24, 2020 6:45am Jun 24, 2020 6:45am
Quoting claudia1
Not so sure about the short bias Billy ... {image}
I think what Billy meant, 00 4h range broke down, so short bias still.
Unless I'm wrong
  • #50,855
  • Jun 24, 2020 6:49am Jun 24, 2020 6:49am
Quoting tommiho
{quote} I think what Billy meant, 00 4h range broke down, so short bias still. Unless I'm wrong
lol you may well be right !

2500 is being hard work let's see what NY does to it.
  • #50,856
  • Jun 24, 2020 6:55am Jun 24, 2020 6:55am
Quoting birdland
{quote} you're one to talk...;-)
Problem comes when he decides to reply to all the posts over the past two weeks ... please Lem no !!!
  • #50,857
  • Jun 24, 2020 7:32am Jun 24, 2020 7:32am
Quoting claudia1
Not so sure about the short bias Billy ... {image}
Hi Claudia, from my last post. This happened
Attached Image

thats a retrace trade, it could well of failed, but it didnt
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,858
  • Jun 24, 2020 7:46am Jun 24, 2020 7:46am
Quoting billytt
{quote} Hi Claudia, from my last post. This happened {image} thats a retrace trade, it could well of failed, but it didnt
nice!
and a retrace trade is the best moment to short at the second break of the 00-00 lower range?
trading is like dancing, don't think and just listen to the music!
  • #50,859
  • Jun 24, 2020 8:17am Jun 24, 2020 8:17am
Quoting birdland
{quote} nice! and a retrace trade is the best moment to short at the second break of the 00-00 lower range?
I think Lem may have a name for it.

I like this retrace best on the 00-00 4 break, due to a good range. and as you know this 00-00 bar is very good.
It can be done on other bars.

if the retrace fails, you lose less.
Obviously, when the retrace happens, we do not know how far it will go, or even fail
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50,860
  • Jun 24, 2020 8:25am Jun 24, 2020 8:25am
Quoting claudia1
{quote} Just blame Billy.
Yes - he is guilty of many misdemeanours
Attached Image
every Saint has a past. Every Sinner has a Future
25 traders viewing now