Billytt Die happy trading e/j daily breakout | Page 2573 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,441
  • Jul 1, 2020 11:27am Jul 1, 2020 11:27am
How about trading 15min breakouts all day long? TP +5 SL -5
used to be undecided but nowadays can't make my mind up
  • #51,442
  • Jul 1, 2020 11:29am Jul 1, 2020 11:29am
Quoting mrcreosote
How about trading 15min breakouts all day long? TP +5 SL -5
you honestly won't know until you forward test it for a good amount of time. Please don't back test for results. It's useless if backtesting for strategy results.
  • #51,443
  • Jul 1, 2020 11:36am Jul 1, 2020 11:36am
Quoting mrcreosote
How about trading 15min breakouts all day long? TP +5 SL -5
I'm thinking it's interesting to run that on mad DAX and mad DOW.....
used to be undecided but nowadays can't make my mind up
  • #51,444
  • Jul 1, 2020 11:53am Jul 1, 2020 11:53am
Right that's my plan, I'm gonna turn into a mad coder (from just being ordinary mad)
First target errrr, new Golf GTI looks quite tasty .........prefer it to Lem's gold Lambo
Attached Image (click to enlarge)
Click to Enlarge Name: golfgti8.jpg Size: 128 KB
used to be undecided but nowadays can't make my mind up
  • #51,445
  • Jul 1, 2020 1:23pm Jul 1, 2020 1:23pm
Evening all.

Does anyone here still trade the Frankenbreak method on EG? Break of the range of 4am-7am (UK time) on EG for 5 or 10 pips. As the range is usually quite small, the risk:reward ratio is quite decent.

From memory, we don't trade it if the range is bigger than 20 pips. If the 1st break doesn't do it, the counter usually gets the pips.
  • #51,446
  • Jul 1, 2020 2:00pm Jul 1, 2020 2:00pm
Quoting ia1979
Evening all. Does anyone here still trade the Frankenbreak method on EG? Break of the range of 4am-7am (UK time) on EG for 5 or 10 pips. As the range is usually quite small, the risk:reward ratio is quite decent. From memory, we don't trade it if the range is bigger than 20 pips. If the 1st break doesn't do it, the counter usually gets the pips.
Hi Ia, hope you are well.
sorry i cannot help you with that.
From what you post it could well be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,447
  • Jul 1, 2020 2:10pm Jul 1, 2020 2:10pm
Quoting billytt
{quote} Hi Ia, hope you are well. sorry i cannot help you with that. From what you post it could well be good.
Hi Billy. Hope all is well with you.

I'm sure Lem and someone else used to trade it. I'm thinking about giving it a go.
  • #51,448
  • Jul 1, 2020 2:12pm Jul 1, 2020 2:12pm
Quoting ia1979
{quote} Hi Billy. Hope all is well with you. I'm sure Lem and someone else used to trade it. I'm thinking about giving it a go.
i have heard Claudia mention something similar'
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,449
  • Jul 1, 2020 2:25pm Jul 1, 2020 2:25pm
Quoting mrcreosote
How about trading 15min breakouts all day long? TP +5 SL -5
I was half looking at scalping Dax off the 15 min bar, from 08-00 to 10-00.

It shows promising results.
i think it you were to try it, perhaps use a stop.

Obviously that is against my religion lol. just check it out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,450
  • Jul 1, 2020 3:27pm Jul 1, 2020 3:27pm
Quoting billytt
{quote} I was half looking at scalping Dax off the 15 min bar, from 08-00 to 10-00. It shows promising results. i think it you were to try it, perhaps use a stop. Obviously that is against my religion lol. just check it out.
I think this is the best option when hedging.....

Scenario......

We are trading the 08-15 bar and price breaks our upper trigger and goes for 3 pips and turns around and then breaks the lower trigger. Where price is "currently" at is still "above" the lower trigger of the 00-00 bar. At this point do we......

A) Put in a trade at the low of the 08-15 bar to put our trade in limbo. Then we WAIT for the low of the 00-00 bar to be broken, and then we put in another trade (or 2 or double lot size) and chase Modest Daily Range?

EDIT......of course for everyone on this thread except for Billy and Lem
  • #51,451
  • Jul 1, 2020 4:05pm Jul 1, 2020 4:05pm
Quoting turnip15
Quick Note: The US Non-farm Employment Change announcement is normally held the 1st Friday of the month. US banks will be closed this Friday so the announcement has been moved up to Thursday morning (tomorrow).
Good catch, T. Nice one.
  • #51,452
  • Jul 1, 2020 4:08pm Jul 1, 2020 4:08pm
Quoting BrokeCollege
Had a bit of down time before work this morning. Saw some nice bullish momentum pre-market for US30 and made a killing scalping some longs around the pivot R1, mR1 and some whole numbers. feels good to be in front of the charts again
Good to have you back, buddy. How's you-know-who?
  • #51,453
  • Jul 1, 2020 4:10pm Jul 1, 2020 4:10pm
Quoting ia1979
Evening all. Does anyone here still trade the Frankenbreak method on EG? Break of the range of 4am-7am (UK time) on EG for 5 or 10 pips. As the range is usually quite small, the risk:reward ratio is quite decent. From memory, we don't trade it if the range is bigger than 20 pips. If the 1st break doesn't do it, the counter usually gets the pips.
Once in a blue moon, if I'm up and about. Still gets the job done. Trading The DAX at the bell tends to get in the way, especially if I am playing the 2 hr block 06:00 - 08:00. DAX always gets precedence now.
  • #51,454
  • Jul 1, 2020 4:14pm Jul 1, 2020 4:14pm
Quoting bojack34
{quote} I think this is the best option when hedging..... Scenario...... We are trading the 08-15 bar and price breaks our upper trigger and goes for 3 pips and turns around and then breaks the lower trigger. Where price is "currently" at is still "above" the lower trigger of the 00-00 bar. At this point do we...... A) Put in a trade at the low of the 08-15 bar to put our trade in limbo. Then we WAIT for the low of the 00-00 bar to be broken, and then we put in another trade (or 2 or double lot size) and chase Modest Daily Range? EDIT......of course...
Hi Bo. Good thinking, excellent plan. That is part of it.
Utilise that 00-00 area, then hunt the daily range.
Obviously the 08-00 might break the 00-00, range. This normally gives good odds.
But like I always say, that 00-00 area is crucial, magic, Grail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,455
  • Jul 1, 2020 6:45pm Jul 1, 2020 6:45pm
Quoting lemercenaire
{quote} Good to have you back, buddy. How's you-know-who?
They've been good! Unfortunately I think they have enough stress in their life to be trading right now, or at least thinking about it. Maybe one day i'll get em back into it.
  • #51,456
  • Jul 1, 2020 7:12pm Jul 1, 2020 7:12pm
Quoting BrokeCollege
{quote} They've been good! Unfortunately I think they have enough stress in their life to be trading right now, or at least thinking about it. Maybe one day i'll get em back into it.
That's a shame, truly. Y'all have a real talent for it. Hopefully one day and tell 'em hi from me, will you.
  • #51,457
  • Jul 1, 2020 7:19pm Jul 1, 2020 7:19pm
Quoting ia1979
Evening all. Does anyone here still trade the Frankenbreak method on EG? Break of the range of 4am-7am (UK time) on EG for 5 or 10 pips. As the range is usually quite small, the risk:reward ratio is quite decent. From memory, we don't trade it if the range is bigger than 20 pips. If the 1st break doesn't do it, the counter usually gets the pips.
Well, now you've gone and done it. I had a look back at The Frankenbreak with a clear and fresh eye and think I may have come up with a nice Frankenbreak-Redux. However...and yes, there's a however...unfortunately, I have been running it lately with a piece of software that I don't know if I can share. It was sent to me by a trader who himself had developed it to retro-fit another method and he had asked my opinion. I then transferred it over to Frankenbreak.

Mmmmmm...conundrum. Leave it with me and I'll see what I can do. Going by the way it has performed over June, it's certainly worth taking the time to think about a work-around.
  • #51,458
  • Jul 1, 2020 9:27pm Jul 1, 2020 9:27pm
Quoting ia1979
Evening all. Does anyone here still trade the Frankenbreak method on EG? Break of the range of 4am-7am (UK time) on EG for 5 or 10 pips. As the range is usually quite small, the risk:reward ratio is quite decent. From memory, we don't trade it if the range is bigger than 20 pips. If the 1st break doesn't do it, the counter usually gets the pips.
I have had a look at the breakouts of Tokyo, Frank and London recently
I would be keen to sit down and work on Frankie
Seem to recall some rules and am happy to refresh my mind
Cheers all
Onwards and upwards...
  • #51,459
  • Jul 1, 2020 11:31pm Jul 1, 2020 11:31pm
Yaaaaaay, I got on.
I have been unable to post for some reason.
Hope everyone is OK.
Cable & e/u. Both Long off the 00-00 4 bar high break.
Hopefully they drop, then I will probably short off a 2 hour bar.
Trade Well All.
t 05-31
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,460
  • Jul 2, 2020 12:42am Jul 2, 2020 12:42am
Hi all, charts copied a few minutes ago.
Both 2 hour bars, so count first 2 candles as the 4 hour range.
Below cable.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 02 07 A.png Size: 16 KB


below e/u .
Attached Image (click to enlarge)
Click to Enlarge Name: eu 02 07 B.png Size: 17 KB

the black line is the adr area at 50%.
today cable 00-00 range is 27, and e/u 14.
my adr for cable is 123 and adr for e/u is 68.
very similar to yesterday.
Trade well all.
t 06-42
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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