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Billytt Die happy trading e/j daily breakout

  • #52,861
  • Aug 11, 2020 2:26am Aug 11, 2020 2:26am
Quoting claudia1
{quote} Lol was writing away at the same time you posted.
Lol, I have done the same. Short order in just below 1.3050 (always a painful number) and long just above yesterday's high (1.3104). They sort of coincide with Billy's 4 hour break method. In theory, GU broke short and has failed, now it should go long and search for the ADR. However, news tells me otherwise . Let's wait and see.

Edit: I have deleted my long order. Don't want to get pulled into false break high.
  • #52,862
  • Aug 11, 2020 2:35am Aug 11, 2020 2:35am
Cable 08-00 break, high broke for +5%
even though i want cable to drop, my trigger was a long and i trade lines, yaaaaaaaaaaaaaaaaaaay
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,863
  • Aug 11, 2020 2:38am Aug 11, 2020 2:38am
Quoting ia1979
{quote} Lol, I have done the same. Short order in just below 1.3050 (always a painful number) and long just above yesterday's high (1.3104). They sort of coincide with Billy's 4 hour break method. In theory, GU broke short and has failed, now it should go long and search for the ADR. However, news tells me otherwise . Let's wait and see. Edit: I have deleted my long order. Don't want to get pulled into false break high.

hi bud hope you are well.
Cable 00-00 4 hour bar, low broke and we are still in it, it made approx 9 .

the 08-00 break is totally different and must be kept seperate., high broke KERCHING.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,864
  • Aug 11, 2020 2:40am Aug 11, 2020 2:40am
e/u was a bit sneaky, the 00-00 4 hr low is 11722, it just dropped to 11722.7 that is not a trigger, it has to be 11722 or less.

a picture shows a 1000 words.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 11 08 C.png Size: 24 KB

X = alomost a trigger/break, almost is not enough.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,865
  • Aug 11, 2020 2:53am Aug 11, 2020 2:53am
Made a small loss on GU this morning as I closed my short when Cable started going back up. Made up for it on the Dax on the long break. Looks like it is trying hard to get to 13000.

I know I should not have closed my short Billy as the 4 hour high has not been broken but I just had a feeling games were being played and I just wanted to watch from the sidelines for now lol. If price breaks below 1.3050, I am going in short again.
  • #52,866
  • Aug 11, 2020 2:56am Aug 11, 2020 2:56am
I know the job news that was reported this morning doesn't bode well for Cable and it should be going down. However, there isn't much fantastic news coming out from the US either, so perhaps this negative news had already been factored in, and the only way is up today . Will watch the hourly breaks closely.

If a long break happens, there's a good chance we can get to 1.3150 (DR2 and ADR).
  • #52,867
  • Aug 11, 2020 3:13am Aug 11, 2020 3:13am
Quoting ia1979
Made a small loss on GU this morning as I closed my short when Cable started going back up. Made up for it on the Dax on the long break. Looks like it is trying hard to get to 13000. I know I should not have closed my short Billy as the 4 hour high has not been broken but I just had a feeling games were being played and I just wanted to watch from the sidelines for now lol. If price breaks below 1.3050, I am going in short again.
end of the day bud, trade your way, if you close a trade why not.
i was long earlier with e/u but shorted it, in reality i should of kept it open until it either made 14 or failed.
For the past few weeks i have started to trade as if i had already failed lol , hence the 2 hour bar trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,868
  • Aug 11, 2020 3:46am Aug 11, 2020 3:46am
Quoting claudia1
Cable has room to go another 40 or so. Putting orders in below the 3050 targeting 3027 being DS1. See what develops. Might have to wait a while...
You were definitely right about having to wait a while. This thing is not moving today
  • #52,869
  • Aug 11, 2020 4:13am Aug 11, 2020 4:13am
Quoting ia1979
{quote} You were definitely right about having to wait a while. This thing is not moving today
Cancelled all orders. See if it goes a bit higher then look to sell. Good start to the day with Frankie. Now waiting game for NY again.

Close to testing yesterday's high. If that fails we have a double top potentially.
  • #52,870
  • Aug 11, 2020 4:16am Aug 11, 2020 4:16am
Quoting claudia1
{quote} Cancelled all orders. See if it goes a bit higher then look to sell. Good start to the day with Frankie. Now waiting game for NY again.
I have gone long on the break of the 12-4am high with a smaller lot as everything is now screaming up (against my better judgement). Have another small pending order above yesterday's high and then another small one above DR1.
  • #52,871
  • Aug 11, 2020 4:36am Aug 11, 2020 4:36am
If it I wasn't desperately wanting to short today, this would have been a very nice TS123 move up .
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  • #52,872
  • Aug 11, 2020 4:54am Aug 11, 2020 4:54am
Quoting ia1979
{quote} You were definitely right about having to wait a while. This thing is not moving today

What i see on Cable from past 2 weeks, watching H4, are strong and big sells + some decent buy rejection and small/slow and weak buys. So price action suggest price may fall.

For those who like technical patterns, is there a quasimodo forming, right?
  • #52,873
  • Aug 11, 2020 5:12am Aug 11, 2020 5:12am
Quoting MrGreen95
{quote} What i see on Cable from past 2 weeks, watching H4, are strong and big sells + some decent buy rejection and small/slow and weak buys. So price action suggest price may fall. For those who like technical patterns, is there a quasimodo forming, right?
Quasi?????
Attached Image
the bells/
Hope you are well Mr G.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,874
  • Aug 11, 2020 5:39am Aug 11, 2020 5:39am
Quoting claudia1
{quote} Cancelled all orders. See if it goes a bit higher then look to sell. Good start to the day with Frankie. Now waiting game for NY again. Close to testing yesterday's high. If that fails we have a double top potentially.
Closed my small buys at DR1. Will now wait until NY open.

I still think we have the potential to hit DR2 but I'm not buying it.
  • #52,875
  • Edited 8:41am Aug 11, 2020 7:14am | Edited 8:41am
Billy, just from memory, have you often had days where the 4 hour break has failed on both EU and GU? Or have you found that if one fails, the other one usually does OK? Just looking at today as an example, the low broke on GU for 9, and then the high broke for 20+. But on EU, the high broke, and as you pointed out, the low almost broke, but then turned around and made points on the high side again. Trying to think of the best way to diversify risk. Cheers.
  • #52,876
  • Aug 11, 2020 10:20am Aug 11, 2020 10:20am
Quoting ia1979
Billy, just from memory, have you often had days where the 4 hour break has failed on both EU and GU? Or have you found that if one fails, the other one usually does OK? Just looking at today as an example, the low broke on GU for 9, and then the high broke for 20+. But on EU, the high broke, and as you pointed out, the low almost broke, but then turned around and made points on the high side again. Trying to think of the best way to diversify risk. Cheers.
hi bud, in my case i have always traded just the one pair as a main.
i have only been trading cable and e/u together as a secondary pair for a few months. i would advise to keep the trades separate.
they are not correlated and do move around independently.
With cable, as an aid look at dollar index , maybe for a quicker entry.
I only speak dollar index as a trader, as you know i trade lines.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52,877
  • Aug 11, 2020 11:12am Aug 11, 2020 11:12am
Nice run into London close/settlement fix whatever.

Back in the morning for news at 7.00 am BST and off we go again.
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  • #52,878
  • Aug 11, 2020 11:40am Aug 11, 2020 11:40am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #52,879
  • Aug 12, 2020 12:34am Aug 12, 2020 12:34am
Orders going in both sides waiting for 7.00 am. Tight range at around 16. Target DS2 at 2986 would be good.
Attached Image (click to enlarge)
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  • #52,880
  • Aug 12, 2020 1:12am Aug 12, 2020 1:12am
Quoting claudia1
Orders going in both sides waiting for 7.00 am. Tight range at around 16. Target DS2 at 2986 would be good. {image}
Got the break north. Spread was a bit evil at 7.00 am lol. Out waiting for London open.
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