Billytt Die happy trading e/j daily breakout | Page 2593 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #51,841
  • Jul 9, 2020 4:51am Jul 9, 2020 4:51am
Quoting ia1979
{quote} I am net short on Cable at the moment after the 9am bar broke the 8am bar south. Of course as luck would have it it went back up. I will consider changing to net long if DR1 and 50 are broken.
Hi bud, I cannot help you with that.
I have my break lines and stick to them,
if I start to look at other factors then my stats will be wrong.
Look at today, I did not trade 00-00 cable, but the high break has been very good, and would of gotten me the points.

same with e/u ,,,high broke for a few and then low broke.
ok fair enough the low trade would still be getting worked on. I am actually short with it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,842
  • Jul 9, 2020 5:00am Jul 9, 2020 5:00am
Here we go
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  • #51,843
  • Edited 5:28am Jul 9, 2020 5:17am | Edited 5:28am
Quoting billytt
{quote} Hi bud, I cannot help you with that. I have my break lines and stick to them, if I start to look at other factors then my stats will be wrong. Look at today, I did not trade 00-00 cable, but the high break has been very good, and would of gotten me the points. same with e/u ,,,high broke for a few and then low broke. ok fair enough the low trade would still be getting worked on. I am actually short with it.
I know Billy . I am really counting on your 12-4am low breaking today at some point.

It is really funny watching the bulls/bears fighting at DR1 and the 50 line. I took some pips when it broke north. Now waiting.
  • #51,844
  • Jul 9, 2020 6:35am Jul 9, 2020 6:35am
Quoting turnip15
{quote} Is that an Ichimoku line per chance? EDIT: You beat me to the reply button
It is indeed Mr T. A handy little line isn't it?
  • #51,845
  • Jul 9, 2020 6:41am Jul 9, 2020 6:41am
Quoting ia1979
{quote} I know Billy . I am really counting on your 12-4am low breaking today at some point. It is really funny watching the bulls/bears fighting at DR1 and the 50 line. I took some pips when it broke north. Now waiting.
it is the way it is moving,
00-00 broke for 40, a line is a line to trade.
ok and yet again, we do not know how high it would go,
IF it drops to break low, in reality I cannot see it doing that. (BUT IT COULD)
unless it is that big drop we are expecting, it will only make approx. 20,

Then we have tomorrow.

E/U is crawling along, I have some banked off low, but its actually making me work. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,846
  • Jul 9, 2020 6:46am Jul 9, 2020 6:46am
Hi All
some more Dax action before I settle down for an episode of Das Boot.
Some notes on the chart
Cheers
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  • #51,847
  • Jul 9, 2020 7:03am Jul 9, 2020 7:03am
Quoting birdland
{quote} that works good, thx! {image}
all good time of day! I am a silent student)
it looks like this for me:
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Forgive for my English!
  • #51,848
  • Jul 9, 2020 8:36am Jul 9, 2020 8:36am
GU Dead zone +5 grab.
Was aware of the pivot but 1h was making lower highs and Billy said something along those lines as well
  • #51,849
  • Jul 9, 2020 9:06am Jul 9, 2020 9:06am
Quoting tommiho
GU Dead zone +5 grab. Was aware of the pivot but 1h was making lower highs and Billy said something along those lines as well
Hi T, I can only trade what I see, Excluding today.
The high line was broken so We go Long, bias is long until the short line breaks.

I do not really do the higher high, lower low stuff, that's for traders.
It is good to look at after a trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,850
  • Edited 9:44am Jul 9, 2020 9:16am | Edited 9:44am
lol yes, just my excuse to go against the pivot
  • #51,851
  • Jul 9, 2020 11:17am Jul 9, 2020 11:17am
Good morning/afternoon all, I had more time before work today to trade the US session. I went on a scalping frenzy on the Dow again; long and short... mostly traded 1 or 5 min candle breaks on pullbacks around pivots/whole numbers, but definitely just traded with my s and came out with $$$$$$. just finished the day with a fantastic TS123 I'm not sure how I can back test this, but I've been thinking about a billy bar style, trading the 15 min bar after the US open on the Dow or something of the like. I know Lem has the dead zone, but the whip on the indices scares me a bit lmao. I guess what I'm really wondering is how can I go about collecting stats for these types of trades.
  • #51,852
  • Jul 9, 2020 12:24pm Jul 9, 2020 12:24pm
Quoting BrokeCollege
Good morning/afternoon all, I had more time before work today to trade the US session. I went on a scalping frenzy on the Dow again; long and short... mostly traded 1 or 5 min candle breaks on pullbacks around pivots/whole numbers, but definitely just traded with my s and came out with $$$$$$. just finished the day with a fantastic TS123 I'm not sure how I can back test this, but I've been thinking about a billy bar style, trading the 15 min bar after the US open on the Dow or something of the like. I know Lem has the dead zone, but the...
Something similar worked for me today as well. 5 minute candle breaks on GU, and watching for pivot as well as 00 and 50 etc.

Going to try something else tomorrow, in line with the line break systems used on this thread. Draw a line somewhere on your chart. You pick the place. Obviously a sensible place like Daily open, round number, pivot, or whatever it might be. Trade the clean break of a 5 or 15 minute bar over/under this line. Can maybe use ichimoku or a 20ma for added bias information, but I don't think it's essential.

Try placing this line anywhere and see how much you can make most days. As the wise people on this thread say, price has to go somewhere after it crosses a line. Keep an eye on your adr. Of course you will get fake outs etc. Just close and re-enter. How long is price going to stay within a 10-15 pip range on GU, or Dax, or any other fast moving instruments?
  • #51,853
  • Jul 9, 2020 1:25pm Jul 9, 2020 1:25pm
Inserted Video
  • #51,854
  • Jul 9, 2020 2:17pm Jul 9, 2020 2:17pm
Quoting ia1979
{quote} Something similar worked for me today as well. 5 minute candle breaks on GU, and watching for pivot as well as 00 and 50 etc. Going to try something else tomorrow, in line with the line break systems used on this thread. Draw a line somewhere on your chart. You pick the place. Obviously a sensible place like Daily open, round number, pivot, or whatever it might be. Trade the clean break of a 5 or 15 minute bar over/under this line. Can maybe use ichimoku or a 20ma for added bias information, but I don't think it's essential. Try placing...
Hahahaha...the Alien in you is coming out!

Price is always going somewhere from somewhere else.

The key to any of these kind of plays is being absolutely brutal with your negatives. NEVER let them run more than 1 or 2 pips. If you have cut it and it turns again, just re-enter.
  • #51,855
  • Jul 9, 2020 3:22pm Jul 9, 2020 3:22pm
Quoting BrokeCollege
Good morning/afternoon all, I had more time before work today to trade the US session. I went on a scalping frenzy on the Dow again; long and short... mostly traded 1 or 5 min candle breaks on pullbacks around pivots/whole numbers, but definitely just traded with my s and came out with $$$$$$. just finished the day with a fantastic TS123 I'm not sure how I can back test this, but I've been thinking about a billy bar style, trading the 15 min bar after the US open on the Dow or something of the like. I know Lem has the dead zone, but the...
Hi B, hope you are well.
I will answer later, hope you don't mind.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,856
  • Jul 9, 2020 3:34pm Jul 9, 2020 3:34pm
Quoting ia1979
{quote} Something similar worked for me today as well. 5 minute candle breaks on GU, and watching for pivot as well as 00 and 50 etc. Going to try something else tomorrow, in line with the line break systems used on this thread. Draw a line somewhere on your chart. You pick the place. Obviously a sensible place like Daily open, round number, pivot, or whatever it might be. Trade the clean break of a 5 or 15 minute bar over/under this line. Can maybe use ichimoku or a 20ma for added bias information, but I don't think it's essential. Try placing...
Hi bud, Absolutely brilliant post.
2 weeks ago I would of taken the challenge of placing a line and trading it. I WAS THAT CONFIDENT. Right now things are not quite right, Maybe I will try and explain when I can.
I would say, if you want to trade and make money, forget ichi & ma, Don't have outside forces telling you where to trade. Again too many factors, have your ma and then wait for confirmation???? B*llocks. That is hit and miss
Fake Out???? Doesn't exist, that is price movement, people lose so they make blame.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #51,857
  • Jul 9, 2020 3:44pm Jul 9, 2020 3:44pm
Quoting lemercenaire
{quote} Hahahaha...the Alien in you is coming out! Price is always going somewhere from somewhere else. The key to any of these kind of plays is being absolutely brutal with your negatives. NEVER let them run more than 1 or 2 pips. If you have cut it and it turns again, just re-enter.
lem, wouldn't you get killed by thousand cuts this way?
  • #51,858
  • Jul 9, 2020 4:20pm Jul 9, 2020 4:20pm
Quoting tommiho
{quote} lem, wouldn't you get killed by thousand cuts this way?
I have had a close look and seems my skin is intact.
  • #51,859
  • Jul 9, 2020 4:22pm Jul 9, 2020 4:22pm
Quoting billytt
{quote} Hi bud, Absolutely brilliant post. 2 weeks ago I would of taken the challenge of placing a line and trading it. I WAS THAT CONFIDENT. Right now things are not quite right, Maybe I will try and explain when I can. I would say, if you want to trade and make money, forget ichi & ma, Don't have outside forces telling you where to trade. Again too many factors, have your ma and then wait for confirmation???? B*llocks. That is hit and miss Fake Out???? Doesn't exist, that is price movement, people lose so they make blame.
Good to know my money is imaginary. I will have to work harder.
  • #51,860
  • Jul 9, 2020 4:28pm Jul 9, 2020 4:28pm
Quoting lemercenaire
{quote} Hahahaha...the Alien in you is coming out! Price is always going somewhere from somewhere else. The key to any of these kind of plays is being absolutely brutal with your negatives. NEVER let them run more than 1 or 2 pips. If you have cut it and it turns again, just re-enter.
Herein lies the challenge Lem, at least for me anyway, to admit I got it wrong and click the close button in a timely fashion!
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