Billytt Die happy trading e/j daily breakout | Page 2632 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,621
  • Jul 24, 2020 4:25am Jul 24, 2020 4:25am
Quoting billytt
{quote} Hi Mr C, hope you are well. i am being messed around with on the Cable 08-00 low break. i actually have 1% banked, and i am thinking i might try and fix off the 15 minute bar, we have lots of day and volatility. i made some on ythe 00-00 low break with smaller trade. Still not sure why i shorted e/u lol, Trade well.
hey Billy, all good, weather a bit hot
I can see why you went short EU, problem is it's ranging inside the 2x 4 hour bars.....
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used to be undecided but nowadays can't make my mind up
  • #52,622
  • Jul 24, 2020 10:39am Jul 24, 2020 10:39am
Hi Billy, quick question regarding the BB today. If one would to follow "strictly" the rules, he would have gone short on the first brake for -3R (assuming 5p TP and 15pSL, shorter than the range). Then, -3R on the 2nd brake. Then, 3R on the 3rd brake. And finally, if he's brave enough, 1R (+5) on the final and successful brake. -8R total.

Now if one was to double down on each consequent fail, that's -3R, -6R, -12R, and +8R, assuming he still has margin left for that. -13R in this scenario.

Interestingly, a few of you avoided the BB completely because of the range, which was the best call to make IMO, but still, those occurrences (and they do happen from time to time) always leave me perplex as how to avoid those situations. You probably ran a few times into choppy structures like that in the past, so apart from the times where you had the insight to not trade it, how did you deal with it?

Thanks,
  • #52,623
  • Jul 24, 2020 11:23am Jul 24, 2020 11:23am
Have had to take a step back from the screens for what may end up being a few months due to some things needing handled, but saw the possibility of getting 5 today as I was having a look through the weeks charts. US100 nice downtrend, under Kijun, sell after pullback, with TP at top of micro demand zone (now cleared).

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  • #52,624
  • Jul 24, 2020 12:48pm Jul 24, 2020 12:48pm
Took +10 on the way down to the pivot at 8am and then +20 on the way up to DR1 at midday. Not a bad day all in all. Hope you guys had a great day. Have a nice weekend and see you on the other side.
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  • #52,625
  • Jul 24, 2020 1:21pm Jul 24, 2020 1:21pm
Quoting stu
Have had to take a step back from the screens for what may end up being a few months due to some things needing handled, but saw the possibility of getting 5 today as I was having a look through the weeks charts. US100 nice downtrend, under Kijun, sell after pullback, with TP at top of micro demand zone (now cleared). {image}
Stu have a look at the break of the 12pm bar on US500 or DJ30. Both good for a handful most days. If one side fails, the other side usually does really well. This is based on Lem's dead zone method. Combine the break with Kijun Sen and you're golden.

All the best with the other stuff that needs to be handled.
  • #52,626
  • Jul 24, 2020 1:59pm Jul 24, 2020 1:59pm
Quoting Barraka
Hi Billy, quick question regarding the BB today. If one would to follow "strictly" the rules, he would have gone short on the first brake for -3R (assuming 5p TP and 15pSL, shorter than the range). Then, -3R on the 2nd brake. Then, 3R on the 3rd brake. And finally, if he's brave enough, 1R (+5) on the final and successful brake. -8R total. Now if one was to double down on each consequent fail, that's -3R, -6R, -12R, and +8R, assuming he still has margin left for that. -13R in this scenario. Interestingly, a few of you avoided the BB completely because...
Right, good question and i hope you are well.
I traded the 08-00 15 bar break, and yet again i thought something was wrong. (NEVER THINK) more often than not you' be wrong.
2 shots at the break you should then get out, ie, counter or wait until next trading day. (ok maybe a 3rd).
i started to trade off the 2 hour bars AND the 15...
i do still have a counter running with a minus trade,
i have made money today but it was hard work.
The trouble with trading the 2 hour bars and the 15 is, my main trade is £120 i point and smaller trades £10, and the main trade 2nd bite is higher.

BUT, everything is in hand and i am confident, i was only speaking yesterday about this scenario, It happens.
Really i should of stayed out and not been cocky,,,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,627
  • Jul 24, 2020 5:50pm Jul 24, 2020 5:50pm
Quoting ia1979
{quote} Stu have a look at the break of the 12pm bar on US500 or DJ30. Both good for a handful most days. If one side fails, the other side usually does really well. This is based on Lem's dead zone method. Combine the break with Kijun Sen and you're golden. All the best with the other stuff that needs to be handled.
For example today's 1 hour bar break came after 2pm. Look at what was happening on the US500 and Kijun Sen (26) 1 minute chart at 2pm or just after.

I hope what I'm saying makes sense. Follow the hourly bar break but look at the 1 minute chart and Kijun Sen for confirmation.
  • #52,628
  • Jul 25, 2020 5:45am Jul 25, 2020 5:45am
Quoting ia1979
{quote} For example today's 1 hour bar break came after 2pm. Look at what was happening on the US500 and Kijun Sen (26) 1 minute chart at 2pm or just after. I hope what I'm saying makes sense. Follow the hourly bar break but look at the 1 minute chart and Kijun Sen for confirmation.
spotted on the '500 ia...tnx....yes, I see it break, bounce up off the S1 then nice rebound from Kijun to break again and carry on for a few.
  • #52,629
  • Jul 26, 2020 9:49pm Jul 26, 2020 9:49pm
Plenty of movement on EU and cable to start the week. Already have +6 from EU break of 00-00 H2 high. I am leaving cable alone for now
cheers
  • #52,630
  • Jul 27, 2020 2:53am Jul 27, 2020 2:53am
first trade with 08-15 bar since wednesday (due to big ranges) last week, +5 thx.
trading is like dancing, don't think and just listen to the music!
  • #52,631
  • Jul 27, 2020 6:20am Jul 27, 2020 6:20am
Billy bar trades from today.
Got caught being greedy again but worked out OK in the end playing the second trigger. Had the Fib tool out and RSI as well today for something different!
Cheers
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  • #52,632
  • Jul 27, 2020 10:45am Jul 27, 2020 10:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,633
  • Jul 27, 2020 10:10pm Jul 27, 2020 10:10pm
Hi all
+10 on Eu and cable 00-00 H4 break short. Both had
their DPs in close proximity to target.
anyway done and dusted in 5 mins
  • #52,634
  • Jul 27, 2020 11:30pm Jul 27, 2020 11:30pm
Quoting birdland
first trade with 08-15 bar since wednesday (due to big ranges) last week, +5 thx.
What range are you using?
Forgive for my English!
  • #52,635
  • Jul 27, 2020 11:32pm Jul 27, 2020 11:32pm
Quoting Romiros
{quote} What range are you using?
up to 20 pips i use, not more.
trading is like dancing, don't think and just listen to the music!
  • #52,636
  • Jul 28, 2020 2:35am Jul 28, 2020 2:35am
0815 long -10, then short 6*2= +2 for the trade sequenzy, thx
trading is like dancing, don't think and just listen to the music!
  • #52,637
  • Jul 28, 2020 2:43am Jul 28, 2020 2:43am
-10 on the long but BATTERED IT for +20 on the short AND doubled up!!!
THANKS BIlly, you da boss!!!
used to be undecided but nowadays can't make my mind up
  • #52,638
  • Jul 28, 2020 5:13am Jul 28, 2020 5:13am
Quoting Nikl
Billy bar trades from today. Got caught being greedy again but worked out OK in the end playing the second trigger. Had the Fib tool out and RSI as well today for something different! Cheers {image}
Same divergence as yesterday after the low break of the Billy bar sending price back up through the DP
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  • #52,639
  • Jul 28, 2020 12:28pm Jul 28, 2020 12:28pm
Looks like you've all figured 'Billy Bar' out and trading it in your own way. Good to see.

Before anybody asks, I don't know where Billy or Lem are - they'll turn up in a day or two.

Is anyone trading the 'Not the Billy Bar' ?

Good luck tomorrow !
  • #52,640
  • Jul 28, 2020 2:34pm Jul 28, 2020 2:34pm
This is what I call an 'order both sides' opportunity. Low range for a few hours - under 20. Has to break one way or another.

Won't take it because time of day, and NY close later will send spreads crazy.

Worth watching see how it develops overnight.

Wine time.
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