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Billytt Die happy trading e/j daily breakout

  • #51,341
  • Jun 30, 2020 2:17am Jun 30, 2020 2:17am
Quoting lddd
Oh shame, seems you had to limbo today on GU 08:00. I couldn’t wake up for what ever reason
I got my +5% on cable, Long, then set about fixing the failed short.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,342
  • Jun 30, 2020 2:23am Jun 30, 2020 2:23am
Quoting billytt
{quote} somebody said that yesterday, lol. I no doubt replied with, IT WILL> trade well.
It was I who jinxed it
  • #51,343
  • Jun 30, 2020 2:30am Jun 30, 2020 2:30am
Quoting billytt
{quote} I got my +5% on cable, Long, then set about fixing the failed short.
I am going to try replaying the trade for today, to learn.
  • #51,344
  • Jun 30, 2020 2:43am Jun 30, 2020 2:43am
Quoting billytt
{quote} Hi Bo, hope you are well. Both answers are good A+B, lol, (politician answer). Originally, we have the 08-00 bar and we trade it, High makes +3 then retraces to break low. We now counter OR we may have had a stop. This can now be left until tomorrow OR we can add a short trade. AND we can as you say double up or have a bigger trade. Now we have the 00-00 4 hour bar, this is the bar that when triggered brings in the points. If the 08-00 is inside the 00-00 area (like an inside bar. we can wait until 00-00 breaks, or we can counter/trade the...

Edit, I posted , I was trading against the bias, I was but off the 2 hour bar not 08-00.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,345
  • Jun 30, 2020 2:47am Jun 30, 2020 2:47am
Quoting ia1979
{quote} It was I who jinxed it
I know lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,346
  • Jun 30, 2020 2:49am Jun 30, 2020 2:49am
if I am posting, things are good, lol,

BO, some of my trades are easy because i use big bank and stats , and just bully the market,
like a massive huge hammer hitting a little ting nail, FORCE IT, lol
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,347
  • Edited Jul 1, 2020 1:29am Jun 30, 2020 2:49am | Edited Jul 1, 2020 1:29am
First month trading the GU 08:00 Billy Bar setup.

Results June 2020.

Attached Image


Credit goes to the thread author.

i don’t use any EA, do not ask me these stupid questions, thanks.

---

01.07.20 GU 08:00 | Low broke +1% (6,9 Pips), High broke too, took another +1% (6.9 Pips).
  • #51,348
  • Jun 30, 2020 2:56am Jun 30, 2020 2:56am
'Morning all. The Monster woke up with a start this morning, eh?

Luckily, I was just getting set up and it was over and done with before I got my eyes fully open.

Just stopped for a break and so far - from just after 08:00 (08:03 I think, something like that) to 10:46 - it's looking bitty but green.

DAX 1-min Kijun-sen
+5 -0.8 +0.7 +2 +1.7 +1.2 -0.5 +2.2 +3.5 [+15]

So, the usual big jump or drop hasn't happened yet and probably have to wait till near lunch before could reasonably be expected again. However, this is The Monster and nothing should be taken for granted, nothing!
  • #51,349
  • Jun 30, 2020 3:09am Jun 30, 2020 3:09am
Quoting lemercenaire
'Morning all. The Monster woke up with a start this morning, eh? Luckily, I was just getting set up and it was over and done with before I got my eyes fully open. Just stopped for a break and so far - from just after 08:00 (08:03 I think, something like that) to 10:46 - it's looking bitty but green. DAX 1-min Kijun-sen +5 -0.8 +0.7 +2 +1.7 +1.2 -0.5 +2.2 +3.5 [+15] So, the usual big jump or drop hasn't happened yet and probably have to wait till near lunch...
Great trading Lem....I looked at Dax,, on one broker it had a massive spread, on the other a minimum lot that is too big for my humble bank..!!!!
What spread do you have????
Onwards and upwards...
  • #51,350
  • Jun 30, 2020 3:22am Jun 30, 2020 3:22am
Quoting soccerfan
{quote} Great trading Lem....I looked at Dax,, on one broker it had a massive spread, on the other a minimum lot that is too big for my humble bank..!!!! What spread do you have????
Eeny meany, lol. It does vary but never too bad and I had nothing unusual this morning. Unless it is just before the UK Open, I never have any problems.

A lot of brokers don't like their clients trading The DAX and other exotics. They act like those car insurers who quote you ten grand a year because the law says they have to give you a quote but in reality they just make it stupid money so you won't take out their cover.

At the mo, my two main brokers are giving 1 point spreads.

Edit: My two secondary accounts, have spreads of 1 to 2 p and 1.2 p (You made me go check, lol).
  • #51,351
  • Jun 30, 2020 3:27am Jun 30, 2020 3:27am
Quoting lemercenaire
{quote} Eeny meany, lol. It does vary but never too bad and I had nothing unusual this morning. Unless it is just before the UK Open, I never have any problems. A lot of brokers don't like their clients trading The DAX and other exotics. They act like those car insurers who quote you ten grand a year because the law says they have to give you a quote but in reality they just make it stupid money so you won't take out their cover. At the mo, my two main brokers are giving 1 point spreads.
Ok Lem..thanks , mine is 7+..!!!!! Yikes....!!!
Have. a great day.. cheers.
Onwards and upwards...
  • #51,352
  • Jun 30, 2020 3:42am Jun 30, 2020 3:42am
Did Billy Bar 08:00 GU today broke first high or low by 08:30 bar ?
  • #51,353
  • Jun 30, 2020 3:42am Jun 30, 2020 3:42am
Quoting soccerfan
{quote} Ok Lem..thanks , mine is 7+..!!!!! Yikes....!!! Have. a great day.. cheers.
7 spread, really????
mine is just below 1, and if I trade hard they put it up a bit lol.

I am not complaining, take it as overhead.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,354
  • Jun 30, 2020 3:49am Jun 30, 2020 3:49am
Quoting soccerfan
{quote} Ok Lem..thanks , mine is 7+..!!!!! Yikes....!!! Have. a great day.. cheers.
7+!? Boom! That'll kill ya'! Change brokers if you want to trade The DAX, buddy. That's a no-go. In fact, you know what I said about car insurance companies? You've got one there, lol.

I have noticed that Australian brokers tend to be higher, even the better ones.
  • #51,355
  • Jun 30, 2020 4:01am Jun 30, 2020 4:01am
Quoting billytt
{quote} 7 spread, really???? mine is just below 1, and if I trade hard they put it up a bit lol. I am not complaining, take it as overhead.
Yeah, the smaller spread mob have minimum $$$ that is too big for me..
Onwards and upwards...
  • #51,356
  • Jun 30, 2020 4:03am Jun 30, 2020 4:03am
Quoting lemercenaire
{quote} 7+!? Boom! That'll kill ya'! Change brokers if you want to trade The DAX, buddy. That's a no-go. In fact, you know what I said about car insurance companies? You've got one there, lol. I have noticed that Australian brokers tend to be higher, even the better ones.
My one is great for cable etc.but not indices...when I get a 100 k bank it will.be better..haha
Onwards and upwards...
  • #51,357
  • Jun 30, 2020 4:18am Jun 30, 2020 4:18am
Quoting lddd
Let me know if i got this correct please. {image}
That is how I remember it. Low, then high.
  • #51,358
  • Jun 30, 2020 4:30am Jun 30, 2020 4:30am
Quoting ia1979
{quote} That is how I remember it. Low, then high.
Yes, like i see you "could" have come out of the limbo here already today. IF booking in the +15 it went on the upside after high was broke, then closing the short trade some time later as soon as it retraced back down after reaching break even (which it did).

But you couldn´t have see this coming like it did (trade what you see, not what you hope) AND trying to unwind such limbo by manual acting on it without a new trigger. Also same as possible it wouldn´t have retraced back down that quick / maybe never, who knows?

So you would have to find that new trigger here TODAY? to make back the loss or you would finally book in the -15 limbo as a final loss by the end of the day?
  • #51,359
  • Jun 30, 2020 4:36am Jun 30, 2020 4:36am
Quoting soccerfan
{quote} Yeah, the smaller spread mob have minimum $$$ that is too big for me..
awwwwwwwwwwwww bless,
sorry, lifes a bitch .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,360
  • Jun 30, 2020 4:39am Jun 30, 2020 4:39am
Finally got the big(ger) move I was waiting on.

One small bite, then a move up and I took the bounce long off the Z-Line, which was a classic to-the-pip touch.

There was another big, violent spike up just after this for a total of about +35 but I'm happy with the +17 without the drama of a move that could have gone anywhere.

(Price is now back at yesterday's high).

DAX 1-min Kijun-sen +1.1 +17 [+18.1]
Running total: +33.1

Attached Image (click to enlarge)
Click to Enlarge Name: DAX1-min30thJune2020for+1.1andthen+17.jpg Size: 272 KB
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