Billytt Die happy trading e/j daily breakout | Page 2630 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,581
  • Jul 22, 2020 3:40pm Jul 22, 2020 3:40pm
Quoting TooSlow
{quote} Not exactly. See Rule #8. {image}
So you buy when you arrive back at the open. Great, thanks for clarifying.
  • #52,582
  • Jul 22, 2020 3:44pm Jul 22, 2020 3:44pm
Quoting TooSlow
{quote} Not exactly. See Rule #8. {image}
I just realised rule 8 applies to HoLo. We were talking about your 123 method. Well at least I was anyway, not sure about Claudia.
  • #52,583
  • Jul 22, 2020 4:38pm Jul 22, 2020 4:38pm
Quoting ia1979
{quote} I just realised rule 8 applies to HoLo. We were talking about your 123 method. Well at least I was anyway, not sure about Claudia.
The same rule applies to 1-2-3. Sometimes a 1-2-3 is a HOLO. Sometimes a HOLO is a 1-2-3. The difference is subtle.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,584
  • Edited 6:16pm Jul 22, 2020 5:39pm | Edited 6:16pm
Quoting TooSlow
{quote} The same rule applies to 1-2-3. Sometimes a 1-2-3 is a HOLO. Sometimes a HOLO is a 1-2-3. The difference is subtle.
OK thanks. While I have your attention, how can one avoid being hit by a freight train, like the one on Monday (GU, GJ)? The method relies on reversals but sometimes they don't happen. I guess the one trade per bar is a good rule, but are there any other filters that you use? Thanks.
  • #52,585
  • Jul 23, 2020 12:44am Jul 23, 2020 12:44am
Quoting Fagin
{quote} 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? {image}

Hi Fagin. NO AVERAGES, averages kill traders.
EXCEPT,,,, dp DAILY PIVOT & adr AVERAGE DAILY RANGE, these are good averages.
My example would be, i have 20 USA basket ball players and 20 UK Paratroopers, go out and buy 40 suits average size??????

OR as you post, 100 trades, the 20 that failed, with smallest loss at +20... 20 is what you aim for,, that is a frequency distribution stat.fds.
i personally would then look for 10 points,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,586
  • Jul 23, 2020 12:49am Jul 23, 2020 12:49am
Hi all, hope everyone is ok.

Cable and e/u 00-00 4 hour bar area break.
Both High broke, i was looking for 8 and 6, i got 2 and 2. had a slight retrace with both so i got out.
e/u has now gone back up but hey ho, but cable still down,
oi am looking for another entry with cable.

Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,587
  • Jul 23, 2020 1:01am Jul 23, 2020 1:01am
Cable, 2 hour chart. 00-00 range = 17. my adr =107
Attached Image (click to enlarge)
Click to Enlarge Name: 23 07 A.png Size: 23 KB


edit, adr black line, is set showing 50% of adr
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,588
  • Jul 23, 2020 1:05am Jul 23, 2020 1:05am
e/u 2 hour chart.
00-00 range is 12 and my adr = 83.
adr Black Line showing 50% of adr.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 23 07 B.png Size: 20 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,589
  • Jul 23, 2020 1:22am Jul 23, 2020 1:22am
2770 first target GU being DR1.

USD Index approaching year low which should push cable up. But anything could happen...

MPC guy speaks at mid-day.
Attached Image (click to enlarge)
Click to Enlarge Name: USDindex(£)Weekly.png Size: 76 KB
  • #52,590
  • Jul 23, 2020 2:11am Jul 23, 2020 2:11am
Quoting billytt
{quote} Hi Fagin. NO AVERAGES, averages kill traders. EXCEPT,,,, dp DAILY PIVOT & adr AVERAGE DAILY RANGE, these are good averages. My example would be, i have 20 USA basket ball players and 20 UK Paratroopers, go out and buy 40 suits average size?????? OR as you post, 100 trades, the 20 that failed, with smallest loss at +20... 20 is what you aim for,, that is a frequency distribution stat.fds. i personally would then look for 10 points,
Thanks Billy, I'll keep at it.


PS big 08:00 ...
  • #52,591
  • Jul 23, 2020 2:18am Jul 23, 2020 2:18am
Quoting Fagin
{quote} PS big 08:00 ...
too big for my taste;-)
trading is like dancing, don't think and just listen to the music!
  • #52,592
  • Jul 23, 2020 2:34am Jul 23, 2020 2:34am
Quoting birdland
{quote} too big for my taste;-)
Me too! Got a few on the 4hr break though I'm out now and waiting...
  • #52,593
  • Jul 23, 2020 2:40am Jul 23, 2020 2:40am
Quoting Fagin
{quote} Me too! Got a few on the 4hr break though I'm out now and waiting...
i got already sqeezed and lost fast 30 pips and now getting back slowly out of the hole;-)

but nothing new and in plan.
trading is like dancing, don't think and just listen to the music!
  • #52,594
  • Jul 23, 2020 2:43am Jul 23, 2020 2:43am
Quoting birdland
{quote} i got already sqeezed and lost fast 30 pips and now getting back slowly out of the hole;-) but nothing new and in plan.
Yes it was a fast move, shaping up to be an interesting day..
  • #52,595
  • Jul 23, 2020 2:46am Jul 23, 2020 2:46am
Quoting claudia1
2770 first target GU being DR1. USD Index approaching year low which should push cable up. But anything could happen... MPC guy speaks at mid-day. {image}
Was looking for DR1 as well because price was above the daily open, above yesterday's high, above this morning's range, and above the daily pivot. Here's me sitting ready to hit the buy button, and then it dropped . I managed to get some of it, but that was pretty messy action this morning.
  • #52,596
  • Jul 23, 2020 2:49am Jul 23, 2020 2:49am
Quoting birdland
{quote} your charts are really helpful, because they make it for me more clear how countering could work. thx.
No worries
The key word is "could" lol!
  • #52,597
  • Jul 23, 2020 2:50am Jul 23, 2020 2:50am
Quoting ia1979
{quote} Was looking for DR1 as well because price was above the daily open, above yesterday's high, above this morning's range, and above the daily pivot. Here's me sitting ready to hit the buy button, and then it dropped . I managed to get some of it, but that was pretty messy action this morning.
Went to the pivot. It ranged around 20 for hours which is obviously great for a break out. See what happens next ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 78 KB
  • #52,598
  • Jul 23, 2020 2:50am Jul 23, 2020 2:50am
Quoting Nikl
One more chart Cable just bounced off 50% from yesterdays high to today's intraday low. first target 127 ext ( 1.26105 )? {image}
I think I'll put the fib tool away.....
  • #52,599
  • Jul 23, 2020 2:56am Jul 23, 2020 2:56am
Quoting billytt
Hi all, hope everyone is ok. Cable and e/u 00-00 4 hour bar area break. Both High broke, i was looking for 8 and 6, i got 2 and 2. had a slight retrace with both so i got out. e/u has now gone back up but hey ho, but cable still down, oi am looking for another entry with cable. Trade well all.
hi Billy all good mate
+7 with EU and +10 with cable both long breaks of the 00-00 H4
no fixing practice for me tonight!
Just as well my turn to make dinner
  • #52,600
  • Jul 23, 2020 3:02am Jul 23, 2020 3:02am
Quoting claudia1
{quote} Went to the pivot. It ranged around 20 for hours which is obviously great for a break out. See what happens next ... {image}
To me, DR1 still looks like a possible target. Disclaimer: I don't know anything about what makes the markets move.
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