Billytt Die happy trading e/j daily breakout | Page 2629 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,561
  • Jul 22, 2020 3:15am Jul 22, 2020 3:15am
i shorted cable off dax a few weeks ago, and was tooooooo shamed to say, lol
AND IT WAS GOOD, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,562
  • Jul 22, 2020 3:42am Jul 22, 2020 3:42am
not trading today, but seems a good day!
trading is like dancing, don't think and just listen to the music!
  • #52,563
  • Jul 22, 2020 6:02am Jul 22, 2020 6:02am
Hi all
an easy +10 from cable 00-00H4 short along with everyone else!
EU got me caught with my pants down again. Was looking for +7 when the high broke for 1 then dropped.
Traded from the H2 and H1 H/Ls as per yesterday. I did have 2 counters on at the same time which wasn't ideal but it came good in the end with a spike through 1550 level.
Ended up with +40 for the day
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3821346_EURUSD_2020-07-22_18-51-56.png Size: 51 KB
  • #52,564
  • Jul 22, 2020 6:16am Jul 22, 2020 6:16am
Quoting Nikl
Hi all an easy +10 from cable 00-00H4 short along with everyone else! EU got me caught with my pants down again. Was looking for +7 when the high broke for 1 then dropped. Traded from the H2 and H1 H/Ls as per yesterday. I did have 2 counters on at the same time which wasn't ideal but it came good in the end with a spike through 1550 level. Ended up with +40 for the day {image}
Hi bud, hope all is well.
same here with e/u., i went long off the 00-00 high break, but felt uneasy about it, yet again lol. so as posted i shorted off a 2 hour bar.
All went well.

i am now not doing anything, lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,565
  • Jul 22, 2020 6:20am Jul 22, 2020 6:20am
Quoting billytt
{quote} Hi bud, hope all is well. same here with e/u., i went long off the 00-00 high break, but felt uneasy about it, yet again lol. so as posted i shorted off a 2 hour bar. All went well. i am now not doing anything, lol.
HaHa! me too!
see you tomorrow
  • #52,566
  • Jul 22, 2020 6:23am Jul 22, 2020 6:23am
One more chart
Cable just bounced off 50% from yesterdays high to today's intraday low. first target 127 ext ( 1.26105 )?
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3821346_GBPUSD_2020-07-22_19-18-24.png Size: 56 KB
  • #52,567
  • Jul 22, 2020 8:15am Jul 22, 2020 8:15am
@ sleepy Lem (or TS if you're around) have I finally figured this out ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY(£)H1.png Size: 83 KB
  • #52,568
  • Jul 22, 2020 8:47am Jul 22, 2020 8:47am
Quoting Nikl
Hi all an easy +10 from cable 00-00H4 short along with everyone else! EU got me caught with my pants down again. Was looking for +7 when the high broke for 1 then dropped. Traded from the H2 and H1 H/Ls as per yesterday. I did have 2 counters on at the same time which wasn't ideal but it came good in the end with a spike through 1550 level. Ended up with +40 for the day {image}
your charts are really helpful, because they make it for me more clear how countering could work. thx.
trading is like dancing, don't think and just listen to the music!
  • #52,569
  • Jul 22, 2020 9:16am Jul 22, 2020 9:16am
Quoting claudia1
@ sleepy Lem (or TS if you're around) have I finally figured this out ? {image}
Better to use the template I provided.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,570
  • Jul 22, 2020 9:33am Jul 22, 2020 9:33am
Quoting billytt
{quote} Look for something consistent. look for things which happen every day,, (that's is best) {image} chart above is e/u daily, going back to 8th June, can you see that most of the bars have wicks, call these Fakes etc, but they happen a lot. this is the sort of thing to look for, consistencies. edit, and then maybe adapt what Lem says about drawing a line to trade.
I see now, something like this:

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 7 KB
  • #52,571
  • Jul 22, 2020 9:58am Jul 22, 2020 9:58am
Quoting Fagin
{quote} I see now, something like this: {image}
ideally you want a break, maybe a specific candle, 08-00 uk open for instance, see how many pips are made if it FAILS..
So the idea is, even with a fail pips are stiill made, and pips are money.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,572
  • Jul 22, 2020 9:58am Jul 22, 2020 9:58am
Dax, looks like it is going to explode.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,573
  • Jul 22, 2020 10:42am Jul 22, 2020 10:42am
Quoting billytt
Dax, looks like it is going to explode.
Have to say past week or so has been quite strange on the Dax. Small ranges.
  • #52,574
  • Edited 12:51pm Jul 22, 2020 10:43am | Edited 12:51pm
Quoting billytt
{quote} ideally you want a break, maybe a specific candle, 08-00 uk open for instance, see how many pips are made if it FAILS.. So the idea is, even with a fail pips are stiill made, and pips are money.
Hi Billy

So, should I average the fails? Say from a sample of 100 I have 20 fails, smallest at -20 and largest at -103?

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 16 KB
  • #52,575
  • Jul 22, 2020 11:00am Jul 22, 2020 11:00am
Quoting claudia1
@ sleepy Lem (or TS if you're around) have I finally figured this out ? {image}
Seems like you've got it. Had a great set up on GJ today, as shown in the attached chart.

1) Price made a new low
2) Next hourly bar didn't reach lower
3) You buy when price goes above the open of the current bar

Lots of pips were on offer with this today. However, hindsight is a great thing. You will get success and failures with this method but generally, the rewards are greater than what you lose on the failed trades. Tried it a few times on GU on Monday but failed, as I was literally jumping in front of a freight train.

GU had a similar set up to GJ today. I wasn't trading it, just saying.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 39 KB
  • #52,576
  • Jul 22, 2020 11:16am Jul 22, 2020 11:16am
Quoting TooSlow
{quote} Better to use the template I provided.
TS, can the opening bar be changed on your template? My broker time doesn't align with the template. Not a huge issue but would be nice if I could move it by 1 hour. Thanks.
  • #52,577
  • Jul 22, 2020 12:00pm Jul 22, 2020 12:00pm
Quoting TooSlow
{quote} Better to use the template I provided.
Thanks. I'll give it a go.
  • #52,578
  • Jul 22, 2020 12:21pm Jul 22, 2020 12:21pm
Quoting ia1979
{quote} TS, can the opening bar be changed on your template? My broker time doesn't align with the template. Not a huge issue but would be nice if I could move it by 1 hour. Thanks.
Please show chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,579
  • Jul 22, 2020 12:21pm Jul 22, 2020 12:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 42 KB

Used the London Breakout V9.2 indicator.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,580
  • Jul 22, 2020 12:24pm Jul 22, 2020 12:24pm
Quoting ia1979
{quote} Seems like you've got it. Had a great set up on GJ today, as shown in the attached chart. 1) Price made a new low 2) Next hourly bar didn't reach lower 3) You buy when price goes above the open of the current bar Lots of pips were on offer with this today. However, hindsight is a great thing. You will get success and failures with this method but generally, the rewards are greater than what you lose on the failed trades. Tried it a few times on GU on Monday but failed, as I was literally jumping in front of...
Not exactly. See Rule #8.

Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 58 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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