Billytt Die happy trading e/j daily breakout | Page 2624 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,461
  • Jul 19, 2020 4:15am Jul 19, 2020 4:15am
Quoting Nikl
{quote} Hi Billy Its the "AND you didn't trade it" bit that I'm stuck on because at the moment I would be in the trade before I knew it was going to be a fail. I might take you up on that explanation when you've got a minute! Cheers mate
Quick one before I take gf out for breakfast.
How often do I say. 00-00 4 hour break.
The first break happens but we do not know how far price will go????. But if it fails we have better odds of then knowing how many points the other end break will be.
What happens if you put chart up and see you have missed a first break FAIL? You can then trade the second break as if its your first. You will have better odds of making a gain.
We then have maths coming into play.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,462
  • Jul 19, 2020 4:29am Jul 19, 2020 4:29am
Quoting bojack34
{quote} do you mind sharing your preset and/or template for the 00-00 bar? ty
Here you go Bojack sorry about the tardiness of my reply. My broker is GMT +2
Settings for 00-00 H4:
Attached Image (click to enlarge)
Click to Enlarge Name: 00-00.PNG Size: 27 KB
  • #52,463
  • Jul 19, 2020 4:30am Jul 19, 2020 4:30am
And settings for Billy bar 08-00:
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
  • #52,464
  • Jul 19, 2020 5:06am Jul 19, 2020 5:06am
Quoting claudia1
{quote} He only won't trade it if the range is too high (28 + or something around there), or he's asleep (unusual but it must happen).
Ahhh yes! This has been mentioned before (on more than one occasion!)
Cheers Claudia
  • #52,465
  • Jul 19, 2020 5:25am Jul 19, 2020 5:25am
Quoting Nikl
And settings for Billy bar 08-00: {image}
for 08:15 this should be the setting
Starhours 10.25
EndHours 10.55
  • #52,466
  • Jul 19, 2020 5:26am Jul 19, 2020 5:26am
Quoting billytt
{quote} Quick one before I take gf out for breakfast. How often do I say. 00-00 4 hour break. The first break happens but we do not know how far price will go????. But if it fails we have better odds of then knowing how many points the other end break will be. What happens if you put chart up and see you have missed a first break FAIL? You can then trade the second break as if its your first. You will have better odds of making a gain. We then have maths coming into play.
The ADR. You know the ADR(5) of the pair , x , you know the range of the trigger bar , y , and you know the size of the failed break , z
so potential pip move from 2nd break (or first if you missed the initial one) = x - (y + z)
  • #52,467
  • Jul 19, 2020 5:28am Jul 19, 2020 5:28am
Quoting failinforex
{quote} for 08:15 this should be the setting Starhours 10.25 EndHours 10.55
I'm looking for the range of the 08-00 M15 bar
  • #52,468
  • Jul 19, 2020 5:31am Jul 19, 2020 5:31am
Quoting Nikl
{quote} I'm looking for the range of the 08-00 M15 bar
Ok, then we are on the same page
  • #52,469
  • Jul 19, 2020 8:24am Jul 19, 2020 8:24am
@Claudia. Thanks for sharing the link to the pivot book. I've downloaded it today and it certainly makes for an interesting read.

When making your daily plan (aiming for daily pivot, R1, S1 etc), do you use a 2 day pivot relationship? Or something else entirely? In other words, what is the basis of your bias on any given day, if you don't mind sharing it? Is it an MA? Or sort of what Lem does (trading away from weekly open)? Many thanks.
  • #52,470
  • Jul 19, 2020 9:06am Jul 19, 2020 9:06am
Quoting ia1979
@Claudia. Thanks for sharing the link to the pivot book. I've downloaded it today and it certainly makes for an interesting read. When making your daily plan (aiming for daily pivot, R1, S1 etc), do you use a 2 day pivot relationship? Or something else entirely? In other words, what is the basis of your bias on any given day, if you don't mind sharing it? Is it an MA? Or sort of what Lem does (trading away from weekly open)? Many thanks.
It's a good book I bought it a few years back. It can be heavy going and it's not a 5 minute read that's for sure.

I don't use MA's, 2 day pivot relationship, or weekly open.

Very difficult to answer the question as every day is different. I make my daily plan shortly before London open taking a view on the price, Asian market, forthcoming news, pivot levels, range etc etc. As Hanover said to me some years back to trade like you 'I would need to get inside your head'.

I do stick with GU 90% of the time and set financial targets daily - not pips.

Bit like cooking a curry - all the ingredients are on the table in front of you. It's what you do with them.

Sorry I can't give a better answer but it is impossible. Good luck.
  • #52,471
  • Jul 19, 2020 9:11am Jul 19, 2020 9:11am
Quoting claudia1
{quote} It's a good book I bought it a few years back. It can be heavy going and it's not a 5 minute read that's for sure. I don't use MA's, 2 day pivot relationship, or weekly open. Very difficult to answer the question as every day is different. I make my daily plan shortly before London open taking a view on the price, Asian market, forthcoming news, pivot levels, range etc etc. As Hanover said to me some years back to trade like you 'I would need to get inside your head'. I do stick with GU 90% of the time and set financial targets daily - not...
I appreciate your candid and honest reply Claudia. I will be spending more time on the book in the coming days, but I'm liking what I've read so far. Never used Cam pivots before, will give them a try next week.

Thanks again and enjoy the rest of your weekend.
  • #52,472
  • Jul 19, 2020 9:14am Jul 19, 2020 9:14am
Quoting ia1979
{quote} I appreciate your candid and honest reply Claudia. I will be spending more time on the book in the coming days, but I'm liking what I've read so far. Never used Cam pivots before, will give them a try next week. Thanks again and enjoy the rest of your weekend.
Never used Camarilla but my ex boss swears by them and I know Lemercenaire uses them. Worth looking at.
  • #52,473
  • Jul 19, 2020 10:10am Jul 19, 2020 10:10am
Quoting Nikl
Now the billy bar with subsequent pips to high/low up until midnight (UK) {image}
LEM - Do you see possible 123 set ups among those bars from each 08:00 to 08:15 bars high/lows ?
every Saint has a past. Every Sinner has a Future
  • #52,474
  • Jul 19, 2020 1:05pm Jul 19, 2020 1:05pm
Quoting ia1979
@Claudia. Thanks for sharing the link to the pivot book. I've downloaded it today and it certainly makes for an interesting read. When making your daily plan (aiming for daily pivot, R1, S1 etc), do you use a 2 day pivot relationship? Or something else entirely? In other words, what is the basis of your bias on any given day, if you don't mind sharing it? Is it an MA? Or sort of what Lem does (trading away from weekly open)? Many thanks.

Hello Ia, could you kindly share the link or pdf?
  • #52,475
  • Jul 19, 2020 1:12pm Jul 19, 2020 1:12pm
Quoting MrGreen95
{quote} Hello Ia, could you kindly share the link or pdf?
The link is on the the thread I posted it a few days back. Why ask ia when it is clear I posted it ...???

Billy/Lem think I've had enough this is getting silly.
  • #52,476
  • Jul 19, 2020 2:00pm Jul 19, 2020 2:00pm
Quoting turnip15
{quote} LEM - Do you see possible 123 set ups among those bars from each 08:00 to 08:15 bars high/lows ?
Nope, sorry T, there are no 1-2-3 set ups in there.
  • #52,477
  • Jul 19, 2020 2:01pm Jul 19, 2020 2:01pm
Quoting claudia1
{quote} Never used Camarilla but my ex boss swears by them and I know Lemercenaire uses them. Worth looking at.
Yeah, I like them. Seem to be particularly well suited to Cable as well.
  • #52,478
  • Jul 19, 2020 2:03pm Jul 19, 2020 2:03pm
Quoting lemercenaire
{quote} Yeah, I like them. Seem to be particularly well suited to Cable as well.
Hey we missed Linda R's birthday last week.
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  • #52,479
  • Edited 4:46pm Jul 19, 2020 4:33pm | Edited 4:46pm
Quoting claudia1
{quote} The link is on the the thread I posted it a few days back. Why ask ia when it is clear I posted it ...??? Billy/Lem think I've had enough this is getting silly.

Of course i've searched it but i was from the phone, i've missed it probably or skipped 1 page

You have "enough" of what? I can't get the point.. Just asked a question. You lose the patience without any reason, maybe some weed could help you get relaxed
  • #52,480
  • Jul 19, 2020 4:49pm Jul 19, 2020 4:49pm
Quoting claudia1
{quote} Hey we missed Linda R's birthday last week. https://www.youtube.com/watch?v=wpbiCVmjfrU
No way...no excuse for that!

So, to remedy...you know what my choice is going to be!

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