Yep same here, all fixed, it took a bit and now waiting.
Billytt Die happy trading e/j daily breakout
- #51,783
- Jul 8, 2020 7:26am Jul 8, 2020 7:26am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #51,787
- Jul 8, 2020 9:30am Jul 8, 2020 9:30am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
Cable - did anyone go long on the break of today's high? I wanted to but was wary as I got caught out yesterday.
if I had not been busy I would of traded that break, BECAUSE, that is what I do.
this is what happened.
1 hour chart so you can see better.
No1,, broke high then dropped to break low 2.. so now minus 31.
the low made 20, But we were not to know , I am always saying this.
Then it moved back up to 3, THIS DID NOT BREAK HIGH , IT WAS VERY CLOSE, WE DO NOT TRADE CLOSE.
after dropping again it did break high, No 4 , so far to make 20 and the adr.
Depending on if a stop was used, we would of been 31 x 2 trades fail. ((IF WE DID COUNTER A SECOND TIME))????
today still would of been a good day.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #51,788
- Jul 8, 2020 10:28am Jul 8, 2020 10:28am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
trading is like dancing, don't think and just listen to the music!
- #51,789
- Jul 8, 2020 12:39pm Jul 8, 2020 12:39pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Yes.. middle of the night up there..!!! I am trying to make it work with my simple plan, So far Back test, great ...live trade 12 easy win, 6 to fix,...or take on the chin..!! I shall persevere..
- #51,790
- Jul 8, 2020 12:46pm Jul 8, 2020 12:46pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Re EU I went off it cos it moves like treacle most of the timeBUT it has a low spread and if you're only trying to grab 5-10 pips here and there, the spread is much more appealing ie 0.6 to 0.9 whereas with GU 0.9 but the robbers at IG keep flicking it up to 1.5 which makes a big difference when you're only hunting for 5-10...
But yeah....yaaaaaaawwwwwnnnnn...
{quote} Good stuff. Instead of using the US500, you may consider the US30 instead. However do your own due diligence esp on the spread as some brokers will flip the bird on you.
Seeking a bit of guidance here. One of the things I would permanently like to add to my arsenal is the 4-7am break on EG. I have noticed it fakes out a lot, but then the other side usually gets you out of trouble if you double your lot size. However, there's been a few days where it has just ranged for hours. Would your advice be to look for 2 breaks at the most and then move on? Or do/did you use a bias indicator which comes in handy for these whip days?
I have recently tried it (02/07) and for me, both breaks failed (when you add in spread etc, and also, my orders were a bit off the trigger lines). I needed to make at least 10 pips on the second break but got nowhere near it. Would be grateful for your advice. Thanks Lem.
If you have a look at the chart, today was fine. Yesterday, it looks like the high triggered first (even though the trigger lines have been put at a slight distance away), and then the low trigger did just fine. Monday seems to have worked OK as well, but only just. Let's ignore Friday the 3rd. And then we get to the 2nd of July, which is when I had trouble with it. My bias info was short but it failed, as did the long. The only thing I can surmise is that price was just bouncing around the open area. Thoughts?
Looking forward to trying it again tomorrow, given its recent success over the past few days. Knowing my luck, it will be just like last week when I tried it
.
EU was the other one I was eyeing as a potentially good set up.