Billytt Die happy trading e/j daily breakout | Page 2637 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #52,721
  • Jul 31, 2020 4:24am Jul 31, 2020 4:24am
Quoting birdland
yes, a difficult day for me. start this morning (ex billBar) -5,+6,-3,+3. but thats part of the game...
See in your buying/selling at 05 and 10 numbers, do you ever buy and sell in the same hourly bar? Or do you focus on the direction of the previous hourly bar only? For example after 10am UK time on GU, would you have sold only? Thanks.

In one variation I have seen, you don't short when you get to 10 and you don't long when you get to 90.
  • #52,722
  • Jul 31, 2020 4:34am Jul 31, 2020 4:34am
Just FYI, the 12am to 4am range on GU, the high broke and retraced as Billy would say. Now if the low breaks, in theory we should be good to hunt the ADR. Fingers crossed.
  • #52,723
  • Jul 31, 2020 4:34am Jul 31, 2020 4:34am
Quoting ia1979
{quote} See in your buying/selling at 05 and 10 numbers, do you ever buy and sell in the same hourly bar? Or do you focus on the direction of the previous hourly bar only? For example after 10am UK time on GU, would you have sold only? Thanks. In one variation I have seen, you don't short when you get to 10 and you don't long when you get to 90.
no, i adapted it for my need and its very simple: when the H1 bar is a red bar, i have a short bias. and vice versa for longs, it has to be a green H1 bar.

i ignore 10 or 90 levels rule, they are all the same for me and tradeable. what i might look for is the DP.

10am for expample would have been a sell (because of the red H1 bar) at 1.3135 (or 1.3130 when you only take the .10 levels).

one hour later it would have been 1.3125 (or 1.3120 when u go for the .10 levels)

clear?
trading is like dancing, don't think and just listen to the music!
  • #52,724
  • Jul 31, 2020 4:44am Jul 31, 2020 4:44am
Quoting birdland
{quote} no, i adapted it for my need and its very simple: when the H1 bar is a red bar, i have a short bias. and vice versa for longs, it has to be a green H1 bar. i ignore 10 or 90 levels rule, they are all the same for me and tradeable. what i might look for is the DP. 10am for expample would have been a sell (because of the red H1 bar) at 1.3135 (or 1.3130 when you only take the .10 levels). one hour later it would have been 1.3125 (or 1.3120 when u go for the .10 levels) clear?
Yes that makes sense. Thanks for explaining. So we can have longs and shorts in the same bar. Just depends on what happens within the 1 hour bar.
  • #52,725
  • Jul 31, 2020 4:52am Jul 31, 2020 4:52am
Quoting ia1979
{quote} Yes that makes sense. Thanks for explaining. So we can have longs and shorts in the same bar. Just depends on what happens within the 1 hour bar.
yes, its very easy and simple;-)
trading is like dancing, don't think and just listen to the music!
  • #52,726
  • Jul 31, 2020 4:53am Jul 31, 2020 4:53am
Quoting birdland
{quote} no, i adapted it for my need and its very simple: when the H1 bar is a red bar, i have a short bias. and vice versa for longs, it has to be a green H1 bar. i ignore 10 or 90 levels rule, they are all the same for me and tradeable. what i might look for is the DP. 10am for expample would have been a sell (because of the red H1 bar) at 1.3135 (or 1.3130 when you only take the .10 levels). one hour later it would have been 1.3125 (or 1.3120 when u go for the .10 levels) clear?
According to the rules, we would have had a failed buy here, am I right? As the price was above the open of the bar (green), which means we would have had a buy signal at 1.3140?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmaxH1.png Size: 45 KB
  • #52,727
  • Jul 31, 2020 4:58am Jul 31, 2020 4:58am
Quoting ia1979
{quote} According to the rules, we would have had a failed buy here, am I right? As the price was above the open of the bar (green), which means we would have had a buy signal at 1.3140? {image}
no, always look how closed the H1 bar before. that was a doji. so i would avoid the next hour because no clear trend. the next hour was 2/3 wickets and 1/3 red. not perfect, but trend is short. so the next hour i would only go short at the next .05 (or .10 level). that would be 1.3125 (or 1.3120).
aks me till its clear for you.
trading is like dancing, don't think and just listen to the music!
  • #52,728
  • Jul 31, 2020 5:13am Jul 31, 2020 5:13am
Quoting birdland
{quote} no, always look how closed the H1 bar before. that was a doji. so i would avoid the next hour because no clear trend. the next hour was 2/3 wickets and 1/3 red. not perfect, but trend is short. so the next hour i would only go short at the next .05 (or .10 level). that would be 1.3125 (or 1.3120). aks me till its clear for you.
Perfectly clear now. Use the previous bar for bias and enter in that direction. Thanks B.

Shaping up to be a really messy day on GU today. Perfect day for hedging so far as price has been ranging.
  • #52,729
  • Jul 31, 2020 7:38am Jul 31, 2020 7:38am
DR1 hit. I am no longer interested in GU longs today. Will patiently await a short set up now. If it doesn't happen, there's always Monday.
  • #52,730
  • Edited 9:19am Jul 31, 2020 8:50am | Edited 9:19am
Closed a few of longs on USD/JPY, 90 pips (M15)

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 16 KB

And holding GBPAUD (always the microacc). Edit: closed +37 pips after 2 loss of 15-20 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.PNG Size: 29 KB


I will re-enter long on U/J when price will go back to H1 z-line. Done for today
  • #52,731
  • Jul 31, 2020 9:23am Jul 31, 2020 9:23am
BACK, we had a good time on the water, and it was/is soooooooooooooo hot , yaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,732
  • Jul 31, 2020 9:28am Jul 31, 2020 9:28am
Quoting ia1979
Just FYI, the 12am to 4am range on GU, the high broke and retraced as Billy would say. Now if the low breaks, in theory we should be good to hunt the ADR. Fingers crossed.
Hi bud, obviously i didnt trade it today but.
below cable 2 hour bar chart, high broke and it has made just over 50% of adr.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 31 07 A.png Size: 25 KB

..............................................
and below e/u 2 hour chart . high broke then drop to break low. this has made the adr.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 31 07 B.png Size: 26 KB

trade well.
t 15-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,733
  • Jul 31, 2020 9:30am Jul 31, 2020 9:30am
cable, 08-00 15 minute bar break,
it definitely did make the 5 after a long time, lol.
just saying.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,734
  • Aug 1, 2020 1:20am Aug 1, 2020 1:20am
Have a good weekend all.
Stay Safe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,735
  • Aug 2, 2020 1:08pm Aug 2, 2020 1:08pm
New month and UK bank rate and NFP at the end of the week. Should be fun.

First football bet of the new season won easily today thanks to Celtic 5-1.

Who has kidnapped Lemercenaire ??
  • #52,736
  • Aug 2, 2020 4:54pm Aug 2, 2020 4:54pm
Quoting claudia1
New month and UK bank rate and NFP at the end of the week. Should be fun. First football bet of the new season won easily today thanks to Celtic 5-1. Who has kidnapped Lemercenaire ??
A great win for Celtic...well done
Just to confirm..are you betting Celtic to score 2+ goals??
Good luck with Cable..!!!
Onwards and upwards...
  • #52,737
  • Edited Aug 3, 2020 12:28am Aug 2, 2020 5:56pm | Edited Aug 3, 2020 12:28am
Quoting soccerfan
{quote} A great win for Celtic...well done Just to confirm..are you betting Celtic to score 2+ goals?? Good luck with Cable..!!!
No. The bet I use is over 2.5 + goals in the match. Doesn't matter who scores it's overall number of goals.
  • #52,738
  • Aug 2, 2020 8:38pm Aug 2, 2020 8:38pm
Quoting claudia1
{quote} No. The bet I use is over 2.5 + goals in the match. Doesn't matter who scores it's overall number of goal
Celtic it is then..!!!!
Onwards and upwards...
  • #52,739
  • Aug 3, 2020 12:27am Aug 3, 2020 12:27am
Quoting soccerfan
{quote} Celtic it is then..!!!!
I'm using Skybet for this - it's shown as 'under/over goals'. All major bookies offer the bet.

If I take a loss I increase the stake for the next match and so on.

High win rate with low odds - got 2/7 yesterday. Only bet on league games.

Rangers worth a look too.
  • #52,740
  • Aug 3, 2020 1:13am Aug 3, 2020 1:13am
Quoting claudia1
{quote} I'm using Skybet for this - it's shown as 'under/over goals'. All major bookies offer the bet. If I take a loss I increase the stake for the next match and so on. High win rate with low odds - got 2/7 yesterday. Only bet on league games. Rangers worth a look too.
Bookies in Australia are mean with their markets....I have been restricted on most available firms, only left Betfair and one other...I can only get normal win bets ..!!!
Onwards and upwards...
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