Billytt Die happy trading e/j daily breakout | Page 2562 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,221
  • Jun 27, 2020 3:43pm Jun 27, 2020 3:43pm
Quoting billytt
{quote} Hi TS, retrace as in fail. example, Price breaks High,it makes 7 points then retraces down to break low. Tat 7 or what ever is important to me. i manage Fails...
Glad I asked. My thought was retrace would be back to entry level. Never considered it breaking through to the other side!

Inserted Video
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #51,222
  • Jun 27, 2020 4:39pm Jun 27, 2020 4:39pm
Quoting TooSlow
{quote} Glad I asked. My thought was retrace would be back to entry level. Never considered it breaking through to the other side! https://youtu.be/-r679Hhs9Zs
https://www.investopedia.com/terms/r/retracement.asp
  • #51,223
  • Jun 27, 2020 5:49pm Jun 27, 2020 5:49pm
Quoting TooSlow
{quote} "The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The average true range is then a moving average, generally using 14 days, of the true ranges." "How to Calculate ADR The calculation of the daily range of a currency pair...
Tell Billy, don't tell me. It's what he uses. You were posting the wrong stuff so I was letting you know.
  • #51,224
  • Jun 28, 2020 12:22am Jun 28, 2020 12:22am
Hi all,
I use Adr only, I even use Frequency Distribution Stats on the daily bars.
Adr & daily pivot are the only 2 decent averages going,even though I do not involve dp.

Moving averages, indies, and similar things are good to sell methods to the gullable.
Ask any vendor what he's trying to sell, and have them show you from today going forward. NOT THE PAST.
Don't be fooled by the answer, as we don't predict, we cannot see into the future. They are thieves
End of rant, coffee time and toast.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,225
  • Jun 28, 2020 12:53am Jun 28, 2020 12:53am
Quoting lemercenaire
{quote} Think Wick-Zone...kinda' lol.
Lem/ Anyone, a 00-00 & 08-00 trade.
If one end breaks and then RETRACES Back to break other end, Not only has it failed, it has also Retraced.

Then we have, primarily on 00-00,
and this might be similar to wick zone,
One end breaks and retraces back into body /00-00 range. We can trade what I call a Retrace trade, That is trade it back from whence it came.

So, example. 00-00 bar. Short breaks, makes 10 then retraces back into 00-00 range. We can then short it again. A Retrace Trade.
Just saying Lem. I know you know.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,226
  • Jun 28, 2020 12:59am Jun 28, 2020 12:59am
Morning Billy
Hope you are well
Regards
Kev
  • #51,227
  • Jun 28, 2020 1:04am Jun 28, 2020 1:04am
Quoting TooSlow
{quote} Glad I asked. My thought was retrace would be back to entry level. Never considered it breaking through to the other side! https://youtu.be/-r679Hhs9Zs
I love the Doors.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,228
  • Jun 28, 2020 1:05am Jun 28, 2020 1:05am
Quoting kevin1959
Morning Billy Hope you are well Regards Kev
Hi Kevin, I am gooooood, hope you too are OK.
Just wondering when to take bike out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,229
  • Jun 28, 2020 1:16am Jun 28, 2020 1:16am
Its very windy up here in Leeds, but dry.
Early morning spins are great, because of less traffic, but traffic is probably not a problem where you live.
You have been working very hard over the last few weeks with the explanations on your thread.
Thanks for all your help
Regards
Kev
  • #51,230
  • Jun 28, 2020 1:21am Jun 28, 2020 1:21am
Quoting TooSlow
{image} ATR ZONES. The indicator checks the ATRs from ATR(2) to ATR(14), finds the maximum and minimum values and plots lines to create an ATR ZONE. ATR(5) would be somewhere between the ATR(2) and ATR(14) values.
Morning TS,

Interesting, care to elaborate on your indi? In my standard template, I use Keltner Channels which obviously moves throughout the day. Are your boxes plotted statically for the day? and how is it calculated, like when you say it finds the min and max values: of what exactly?

Thanks,
  • #51,231
  • Jun 28, 2020 1:29am Jun 28, 2020 1:29am
Quoting kevin1959
Its very windy up here in Leeds, but dry. Early morning spins are great, because of less traffic, but traffic is probably not a problem where you live. You have been working very hard over the last few weeks with the explanations on your thread. Thanks for all your help Regards Kev
Very windy yesterday plus cross winds off the sea.
I am very close to the sea plus in the Forest.
If I ride away I hit all the traffic going to the beaches lol. AND it's a lot of traffic, I think many of the people are on a suicide mission and the mess some leave behind. I haven't been on a beach for ages due to being asked not too. I normally am.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,232
  • Jun 28, 2020 1:54am Jun 28, 2020 1:54am
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. ----------------------------------------------------- {image} No 1, High broke so we enter long,YaaaaaaaaaaaaaaaaaaaaaaaaY. Then it retraced to break short No2 --------------------------------------------------- SOOOOO, how ever you...
Very good explanation Billy. You say everything is there, excluding one thing. I'm guessing you're not allowed to give us that one thing.

Either way, not much else is needed. That was a great visual example of how your day progresses. We had a fail and the other side played ball. If the other side failed as well, and you went to minus 60 for the day, would you carry on, or give up and come back another day? Thanks.
  • #51,233
  • Jun 28, 2020 2:27am Jun 28, 2020 2:27am
Quoting ia1979
{quote} Very good explanation Billy. You say everything is there, excluding one thing. I'm guessing you're not allowed to give us that one thing. Either way, not much else is needed. That was a great visual example of how your day progresses. We had a fail and the other side played ball. If the other side failed as well, and you went to minus 60 for the day, would you carry on, or give up and come back another day? Thanks.
Hi ia, hope you are well.
my original method has been sold 2 times, (2 variations) and i am subject to not disclosing it, lol
I do not want to end up floating down the Thames face down.
i actually write differently in FF than i would elsewhere.

i would be minus 30, not 60 plus the holding on fee.(counter)

Originally , if i had 2 fails i would either wait for the next day, OR be chasing the daily range.
I say this, as it is possible to actually have a day with a short daily range, it does happen.
But as we all know, this doesn't last lol.
We need Volatility, decent range, OR a consistent range., obviously i trade Cable, that is the king, e/u too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,234
  • Jun 28, 2020 2:29am Jun 28, 2020 2:29am
i haven't stopped playing Tom Petty for 2 days, its surprising how many of his songs i know.
i really sad not seeing him.
i haven't even come across him when looking after people at concerts, or after gid parties.
oh well.......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,235
  • Jun 28, 2020 2:43am Jun 28, 2020 2:43am
Quoting ia1979
{quote} Very good explanation Billy. You say everything is there, excluding one thing. I'm guessing you're not allowed to give us that one thing. Either way, not much else is needed. That was a great visual example of how your day progresses. We had a fail and the other side played ball. If the other side failed as well, and you went to minus 60 for the day, would you carry on, or give up and come back another day? Thanks.
oops, and don't forget my stats are changing. trading off the 2 hour bar has been so easy. ( not every 2 hour bar).
Just like Claudia with the 1 hour bar cable.

Last post i was going to post about roulette, but deleted it.
i will post it now as it might get people thinking.
Roulette, 50/50 bets, forget bent croupiers,drag of ball, etc.

we have black/red,,,,,,,, high/low,,,, odds/evens.
if black is winning then red is losing, same goes with high/low,,, odds/evens
even though every spin is 50/50 the win/loss can be bet.
we have someting similar in forex.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,236
  • Jun 28, 2020 4:07am Jun 28, 2020 4:07am
Quoting Barraka
{quote} If you want there's a handy indicator by SwingMan, it plots the ADR for the pair, and keeps adjusting it as price moves. So essentially it works a bit like Billy's drawings that he adjusts throughout the session. The only difference is that here it's plotted with an equal distance between the high & low of the current day. Easier to understand with a chart. {image} Once (and if) the adr on that pair is reached for the day, the line turns red and is "locked", so it's very easy to see that it has been reached. {image} I found that indi on...
thank you barraka, i have this indi from laura/SM already on my m5 chart template. a really good one;-)
trading is like dancing, don't think and just listen to the music!
  • #51,237
  • Jun 28, 2020 7:07am Jun 28, 2020 7:07am
Quoting kevin1959
Its very windy up here in Leeds, but dry. Early morning spins are great, because of less traffic, but traffic is probably not a problem where you live. You have been working very hard over the last few weeks with the explanations on your thread. Thanks for all your help Regards Kev
Thanks for that Kevin, i do try to help.
i just got in, a lad on a scooter nearly took me out on a blind bend.
coming the opposite direction, he lost control on bend and came up on my side.
if i were a car he'd be in hospital or morgue.
bloody scooter, what embarrassment it could of been. lol
very windy again
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,238
  • Jun 28, 2020 8:20am Jun 28, 2020 8:20am
So Cable closed Fri at 12336.
just suppose it opens midnight tonight same price.
my adr for Monday is 117,
so below adr high might be..
Attached Image


or below,, low might be.
Attached Image


or 50% of range high/low.
Attached Image
.

i cannot see this happening but, i am just showing .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,239
  • Jun 28, 2020 9:24am Jun 28, 2020 9:24am
Quoting billytt
{quote} Thanks for that Kevin, i do try to help. i just got in, a lad on a scooter nearly took me out on a blind bend. coming the opposite direction, he lost control on bend and came up on my side. if i were a car he'd be in hospital or morgue. bloody scooter, what embarrassment it could of been. lol very windy again
Lucky escape Billy, and glad both you and the scooter rider are ok.
just been down to my son and wife's house.
i'm going to be a grand daddy in October.
We are doing our spare room out in Dora Explorer, as its a girl
Take care
regards
Kev
  • #51,240
  • Edited 3:29pm Jun 28, 2020 1:07pm | Edited 3:29pm
Quoting kevin1959
{quote} Lucky escape Billy, and glad both you and the scooter rider are ok. just been down to my son and wife's house. i'm going to be a grand daddy in October. We are doing our spare room out in Dora Explorer, as its a girl Take care regards Kev
and congrats with your grand child coming.,
i have one grand daughter, 17 months old, a little beauty as all babies are.
She had a bad start being 1 month early and needing open heart surgery at 3 months , but she is now on top.
(northern) lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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