Billytt Die happy trading e/j daily breakout | Page 2560 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,181
  • Jun 26, 2020 10:54am Jun 26, 2020 10:54am
Enjoy the weekend because it's Friday
Bye.
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every Saint has a past. Every Sinner has a Future
  • #51,182
  • Jun 26, 2020 10:57am Jun 26, 2020 10:57am
Almost forgot - Feel the Noise

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every Saint has a past. Every Sinner has a Future
  • #51,183
  • Edited 12:27pm Jun 26, 2020 12:00pm | Edited 12:27pm
Quoting birdland
{quote} interesting, did you adjust the ADR line just to see the potential of the shortmarket? or has your adjustment another reason? thx billy.
i will show you adr lines from today.
i will use 2 lines , so you can see High/Low easier.
usually i use 1 line and just move it.
remember, as price moves the adr area changes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,184
  • Edited 1:01pm Jun 26, 2020 12:09pm | Edited 1:01pm
[quote=billytt;13029083]{quote} i will show you adr lines from today. i will use 2 lines , so you can see High/Low easier. usually i use 1 line and just move it. remember, as price moves the adr area changes.
A......
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todays adr is 114, this line is 114 long and will never change today.
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price opened at 12422, we use 2 x 114 pip lines to show adr high/low .
placed at open price.
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we let the 00-00 4 hour bar close, then add on a high and low line,(trigger lines).on highest high and lowest low.
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add on the 2 black adr area lines on highest high and lowest low
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then a few hours later we have price movement No1, we again adjust the 2 black line/s to highest high and highest low.
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we are slowly seeing price move against the adr.
lets see what happens.
-----------------------------------------------------
we had movement down, again adjust the 2 black line/s to highest high and lowest low.
VOILA !!!!! adr made.
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adr isnt always made, and sometimes more, dont forget its an average.
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i normally use 1 black line.
e/u today was the same,
perfect day again.
.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,185
  • Jun 26, 2020 2:38pm Jun 26, 2020 2:38pm
Quoting billytt
{quote} i will show you adr lines from today. i will use 2 lines , so you can see High/Low easier. usually i use 1 line and just move it. remember, as price moves the adr area changes.
What ADR do you use? 5? 14?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51,186
  • Jun 26, 2020 2:52pm Jun 26, 2020 2:52pm
'Evening all. I see everyone has had a fun-filled day at the screens. Good stuff.

Sorry, Claudia, no horses for me today, nor trading, as I was out-and-about and anyway...IT'S FRIDAY!!!

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  • #51,187
  • Jun 26, 2020 2:56pm Jun 26, 2020 2:56pm
A bit of Industrial Goth to see us into the weekend, lol...

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  • #51,188
  • Jun 26, 2020 3:02pm Jun 26, 2020 3:02pm
Quoting TooSlow
{quote} What ADR do you use? 5? 14?
I know you would rather hear if from billy but i'm almost certain he uses 5 day and no Sundays
  • #51,189
  • Jun 26, 2020 3:04pm Jun 26, 2020 3:04pm
Quoting bojack34
{quote} 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...
Hey TS, do you think you can run these numbers over the weekend with your FD toys you have at your disposal?? These FD stats would be VERY helpful to the folks of this thread.
  • #51,190
  • Jun 26, 2020 3:24pm Jun 26, 2020 3:24pm
Quoting TooSlow
{quote} What ADR do you use? 5? 14?
5 day adr, Sunday excluded.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,191
  • Jun 26, 2020 7:10pm Jun 26, 2020 7:10pm
Quoting billytt
{quote} 5 day adr, Sunday excluded.
Thanks, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51,192
  • Jun 26, 2020 7:37pm Jun 26, 2020 7:37pm
Quoting bojack34
{quote} Hey TS, do you think you can run these numbers over the weekend with your FD toys you have at your disposal?? These FD stats would be VERY helpful to the folks of this thread.
Attached Image (click to enlarge)
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Chart showing previous low - low testing 5 pips. ADR is now 5 for the lines.

bojack34, I have a long memory: https://www.forexfactory.com/showthr...6#post10857116
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51,193
  • Edited 9:49pm Jun 26, 2020 7:55pm | Edited 9:49pm
Quoting TooSlow
{quote} {image} Chart showing previous low - low testing 5 pips. ADR is now 5 for the lines. bojack34, I have a long memory: https://www.forexfactory.com/showthr...6#post10857116
......and that post was EXACTLY why I asked for you to share these stats. You've shared more valuable stats and info on this thread in the last month than you have on your thread(s) for the last year. It's much appreciated. This is the kind of stuff that will actually help others. I too try to share my stats and insight when I can. Txs for the stats.

Edit: I just went back and re-read my post. I stand by every word.
  • #51,194
  • Jun 27, 2020 12:33am Jun 27, 2020 12:33am
Frequency Distribution Stats,
My stats are based on Break, then how many points made before retrace, call it False/Falsey, both rubbish terms.

It can break then carry on for 500 million POINTS, this doesn't matter as length of range are different stats.

I want to know the Minimum amount of points made.
These few points are the Grail.

Best stats are after a Fail where more points are made.

Not many people can trade for 5 points,
We All Know Why!!!!!!!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,195
  • Edited 3:29am Jun 27, 2020 3:19am | Edited 3:29am
Quoting billytt
Quoting billytt
{quote} i will show you adr lines from today. i will use 2 lines , so you can see High/Low easier. usually i use 1 line and just move it. remember, as price moves the adr area changes. A...... {image} todays adr is 114, this line is 114 long and will never change today. -------------------------------------------------------------------------------- {image} price opened at 12422, we use 2 x 114 pip lines to show adr high/low . placed at open price. --------------------------------------------------------------------------------
...
good that i asked, this is absolute brilliant and logical!
now everything makes sense and i understand your "language" here better.
thx for your explanation billy.
trading is like dancing, don't think and just listen to the music!
  • #51,196
  • Jun 27, 2020 3:56am Jun 27, 2020 3:56am
Quoting birdland
{quote}{quote} good that i asked, this is absolute brilliant and logical! now everything makes sense and i understand your "language" here better. thx for your explanation billy.
Thanks for the post.

I have more, i will post 2 hour chart and show how it progresses.

Also using 1 black adr line marker.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,197
  • Edited 5:51am Jun 27, 2020 3:59am | Edited 5:51am
Cable, 2 hour chart. 1st i am not showing how to trade this.... just keep trying to work it yourself???


in box is 2 x 2 hour bars = 4 hour range, (Range is 30) and adr is 114 (forget this for a moment).so add 2 break/trigger lines on highest high and lowest low.
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we now wait for a break.
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No 1, High broke so we enter long,YaaaaaaaaaaaaaaaaaaaaaaaaY.
Then it retraced to break short No2


---------------------------------------------------
SOOOOO, how ever you are trading this, you might be minus 30, or counter at 30, or maybe had a small stop on and still be minus example -5/10/15 what ever.
---------------------------------------------------
Chart is now 1 hour , so you can seee.
we add the Black adr line on the highest high H , and adr range is 114 and never changes today.and this shows where the adr low area should/might go
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things are looking good, for down .
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BUT NO, price retraced back into 00-00 4 hour range area.No1.
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We are still in 00-00 4 hour range area and the bias is sttill short, it always will be until the high breaks.
Notice how i have adjusted the adr black line, now showing adr high area if it keeps going up.
---------------------------------------------------
nothing happened for a few hours, so we shall skip'
-----------------------------------------------------------
A= the highest high so far,

H is placed at the lowest low, so we can see where adr high area is/might be.
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-------------------------------------------------------------------
next bar, went back up into 00-00 4 hour range area No 1, here we go again lol.
But it dropped down again. No 2 then No3
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Lets adjust the black adr line to show low adr area, placed at highest high.
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Down it went to break adr.
Remember, it doesnt always make/break adr, sometimes more.
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Now look at it on the 2 hour chart.
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You could of traded this off the 4 bar break, or off the 2 hour bars..
you will not get any nearer than this from an actual live trade.
Every thing is there, excluding one thing???
its easy to find, if you think out side the box, then you can buy houses, and KFC yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,198
  • Jun 27, 2020 4:56am Jun 27, 2020 4:56am
Quoting billytt
Cable, 2 hour chart. 1st i am not showing how to trade this.... just keep trying to work it yourself??? in box is 2 x 2 hour bars = 4 hour range, (Range is 30) and adr is 114 (forget this for a moment).so add 2 break/trigger lines on highest high and lowest low. {image} we now wait for a break. ------------------------------------------------------ No 1, High broke so we enter long,YaaaaaaaaaaaaaaaaaaaaaaaaY. Then it retraced to break short No2 3675681 --------------------------------------------------- SOOOOO, how ever you...
everthing is clear now, billy, thx again!
wonderful and simple, i like it!
trading is like dancing, don't think and just listen to the music!
  • #51,199
  • Jun 27, 2020 5:32am Jun 27, 2020 5:32am
Interesting week ahead. Month end balancing the books, then NFP on Thursday due to US holidays.

Simple plan for me - looking for break of 2300 down to 2200 as a starter. Also means a break of Friday/last week low. Day range on Friday was relatively low - usually followed by a big move but we will see.

Will continue trading the hour break also.

@Lem - Newmarket if you get a chance. Both Adam and Frankie got rides so plenty to keep me amused.
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  • #51,200
  • Jun 27, 2020 5:57am Jun 27, 2020 5:57am
rain has stopped, warm air and the roads are dry,
Bike time yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay, brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrm
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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