Billytt Die happy trading e/j daily breakout | Page 2576 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,501
  • Jul 2, 2020 12:11pm Jul 2, 2020 12:11pm
Quoting bojack34
My own personal rule of not entering the trade if the open of the candle is less than 1 pip from the trigger kept me from a losing trade today. Gotta get lucky sometimes too. I'll take it.
Hi Bo, i always say my 08-00 entry has to be exact, ie not before no matter how close.
we see quite often an almost trigger and then it runs away.

After you posted the above, this happened .
AND it could of gone either way.
We had cable 00-00 low going to break, price got to within 1 point of the low then retraced back up for 20 points.
a lot of people would of shorted and probably got stopped out.

BUT, i speak of retrace trades, the bias was still long , so points could of ben made, i hope you understand.
chart below shows how close it got before breaking.
X almost broke low.
Y, went up for 20.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,502
  • Jul 2, 2020 12:15pm Jul 2, 2020 12:15pm
Quoting Fagin
{quote} Counter fixed with some more off the retrace.. cheers! Thanks Billy
Nice one Fagin, i will be able to leave you in charge here soon, yaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,503
  • Jul 2, 2020 1:46pm Jul 2, 2020 1:46pm
Quoting billytt
{quote} Hi Bo, i always say my 08-00 entry has to be exact, ie not before no matter how close. we see quite often an almost trigger and then it runs away. After you posted the above, this happened . AND it could of gone either way. We had cable 00-00 low going to break, price got to within 1 point of the low then retraced back up for 20 points. a lot of people would of shorted and probably got stopped out. BUT, i speak of retrace trades, the bias was still long , so points could of ben made, i hope you understand. chart below shows how close it...
I understand. Txs Billy
  • #51,504
  • Jul 2, 2020 3:46pm Jul 2, 2020 3:46pm
Quoting Pent56
{quote} Great Stuff Billy. You, Lem & Claudia always so consistent in your trading methods and advice. Such a great thread and it is much appreciated. Glad to see you are all well and still doing what you do best.
Good to see you back. Hope all has been well.
  • #51,505
  • Jul 2, 2020 3:49pm Jul 2, 2020 3:49pm
Quoting ia1979
Tried the Frankenbreak (break of 4am-7am range) on EG this morning. My bias was short so I went short on the low break. If only I had looked left I would have seen support in that region. Doh. Anyway, the low break hit SL and the high break happened. This also hit SL. Hmmm, back to the drawing board.
There was a Long Bias on The Frankenbreak this morning. Sorry.
  • #51,506
  • Jul 2, 2020 3:55pm Jul 2, 2020 3:55pm
For those Greenback Junkies out there and all the pairs connected to it...hint, hint...keep in mind the date and the coming US holiday.
  • #51,507
  • Jul 2, 2020 4:05pm Jul 2, 2020 4:05pm
Been running some stuff in The Other Galaxy and only managed a quick Dead Zone with other stuff today. Well, I say quick, however I had a Weak Long Bias and so it was the break off the back of the 15:00 candle that got the job done at last.

Dead Zone UC Weak Long Bias

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1asDZwithVoodooWeakLongBiasJuly2nd2020.png Size: 47 KB
  • #51,508
  • Jul 2, 2020 4:38pm Jul 2, 2020 4:38pm
Quoting ia1979
What a strange day on GU today. Price has entered and left the 12am-4am zone at least 3 times today (always up). Smallish range so far as well.
Hi ia
some nice opportunities to trade out of (both ways) the upper wick zone!
  • #51,509
  • Jul 2, 2020 11:34pm Jul 2, 2020 11:34pm
Morning All.
E/U I am short.
Cable, nothing happening yet. But I prefer short. Lol.
Trade Well All.
t 05-34
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,510
  • Jul 3, 2020 12:37am Jul 3, 2020 12:37am
Quoting billytt
for some reason I keep thinking it is Fri, I will still do what I was going to do and just add on, tomorrow Charts are Cable 1 hour, so you can see, Monday 29th, high broke for 17 then dropped for 67. {image} Tue 30th . low broke for 36, then retraced to break high for 70 {image} wed o1 07. low broke for 16 then retrace to break high for 20,BUT dropped at X, only to go back up. {image} we are not going for exact maximum points on the break, we will leave this to the thieves who try to sell methods/systems etc. Thur 02-07 high broke for +36 {image}...
I added Thursday 02-07 , post 51463
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,511
  • Jul 3, 2020 1:21am Jul 3, 2020 1:21am
Cable, is a bit shaky,lol.

00-00 Low broke THEN BACK UP.

i stuck a counter on and i went long off the 04-00 2 hour bar. this should be ok. lol. yaaaaaaaaaaaaay not.
e/u short closed for a few, now concentrate on cable.
trade well all.
t 07-21

edit at 07-23. I edited the above, the high did not break first,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,512
  • Jul 3, 2020 1:42am Jul 3, 2020 1:42am
Cable.
00-00 4 hour break.
chart shows 2 hour bar.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 03 07 A.png Size: 21 KB

low broke then failed it is Ia's fault, lol
the black adr area line shows, the 50% area where we ca=n aim for.

we have a lot to play for, even if we get the 70 adr ( bad day range.)
t 07-41
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,513
  • Jul 3, 2020 2:07am Jul 3, 2020 2:07am
gm all, Billy when do you plot full ADR vs 50% of it? Thank you
  • #51,514
  • Jul 3, 2020 2:30am Jul 3, 2020 2:30am
cable 08-00 break
don't forget, I adjusted the range to 15, after the high failed.
it will become good.
on the ropes at the moment.
Attached Image



, the 00-00 break, was fixed.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,515
  • Jul 3, 2020 2:30am Jul 3, 2020 2:30am
I can't trade like Billy.....maybe I just can't follow rules
Good luck to everyone else trading it!
It's all to do with PA to my mind.....I went long BUT I just had this feeling it didn't feel right.....the best GU trade this AM was to go long off 1.2471 about 7:22 am BST imo
Break, retrace, go long....
used to be undecided but nowadays can't make my mind up
  • #51,516
  • Jul 3, 2020 2:33am Jul 3, 2020 2:33am
This is where the psychology gets really interesting, Billy is a born fighter methinks...
Me, I'm a born chicken
Attached Image (click to enlarge)
Click to Enlarge Name: chicken.jpeg Size: 150 KB
used to be undecided but nowadays can't make my mind up
  • #51,517
  • Jul 3, 2020 2:35am Jul 3, 2020 2:35am
Kinnel, that break low was stunning, should have stuck with it!
GO BILLY!!!!!!
used to be undecided but nowadays can't make my mind up
  • #51,518
  • Jul 3, 2020 2:40am Jul 3, 2020 2:40am
Not only has it broken the 4 hour lows, it's broken yesterday's low.....might have legs?
used to be undecided but nowadays can't make my mind up
  • #51,519
  • Jul 3, 2020 2:42am Jul 3, 2020 2:42am
Quoting tommiho
gm all, Billy when do you plot full ADR vs 50% of it? Thank you

Hi T, easy one.
you know when I say I take part of daily range.
this could be 30% 50% etc...…..
chart below is cable 2 hour bar.
Attached Image

A = adr line of 123 points , placed at midway of range at 00-00 open price. this shows 50% of range if it moves that way.
B = the full 123 adr line if it keeps dropping.

Before, i had the adr line B showing long, but now adjusted for short.
t
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,520
  • Jul 3, 2020 2:44am Jul 3, 2020 2:44am
Quoting birdland
08-00 m15 first trade -15, double counter +6,5*2= +13 so -2 for this trade cycle...i am happy;-)
i did it again for +8
trading is like dancing, don't think and just listen to the music!
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