Billytt Die happy trading e/j daily breakout | Page 2657 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #53,121
  • Aug 27, 2020 2:31am Aug 27, 2020 2:31am
Quoting billytt
lol, Cable i got 3% off the high break and now i have gone long again. t 08-27
and another 1% , i am doing it the hard way, and long again
t 08-31
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,122
  • Aug 27, 2020 2:34am Aug 27, 2020 2:34am
Quoting billytt
{quote} and another 1% , i am doing it the hard way, and long again t 08-31
ah so you are trading the retrace?
trading is like dancing, don't think and just listen to the music!
  • #53,123
  • Aug 27, 2020 2:36am Aug 27, 2020 2:36am
Quoting billytt
{quote} and another 1% , i am doing it the hard way, and long again t 08-31
and another 1%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,124
  • Aug 27, 2020 2:46am Aug 27, 2020 2:46am
Quoting billytt
{quote} and another 1%
currently the same break long on gold
  • #53,125
  • Aug 27, 2020 2:46am Aug 27, 2020 2:46am
Quoting birdland
{quote} ah so you are trading the retrace?
Hi Bird, after break it did drop approx 5/6 points but no retrace trade,
Like i said, i do not always trade retrace..
so what happened is high broke and it did make the 5 but i fished with 3 lol .
As it dropped back to High i went long again and got 1, then it dropped again so i re entered.
each point i made is 1 % and i made my 5% (actually 6%).

even though the high break finally made the +5 and more, i was out, closed, finito,
i wanted my 5 which i got.
Now it can drop lol.
t 08-46
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,126
  • Aug 27, 2020 2:55am Aug 27, 2020 2:55am
Quoting birdland
{quote} ah so you are trading the retrace?
i was not trading the retrace like i quoted yesterday.

yesterday the price retraced back into the 00-00 range, and this was a re trace trade.
But today it did re trace but as far as the high .or a bit lower.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,127
  • Aug 27, 2020 3:24am Aug 27, 2020 3:24am
Quoting billytt
{quote} i was not trading the retrace like i quoted yesterday. yesterday the price retraced back into the 00-00 range, and this was a re trace trade. But today it did re trace but as far as the high .or a bit lower.
all right. so a "pull back" of the 08-15 into his 15minute range (boddy of candle) is not the same as a retrace, which is only when it drops back into the 00-00 range.
trading is like dancing, don't think and just listen to the music!
  • #53,128
  • Aug 27, 2020 3:26am Aug 27, 2020 3:26am
now we have a retrace into the 00-00 range AND a pull back to the high of the 08-15 bar.
trading is like dancing, don't think and just listen to the music!
  • #53,129
  • Aug 27, 2020 4:02am Aug 27, 2020 4:02am
Quoting birdland
now we have a retrace into the 00-00 range AND a pull back to the high of the 08-15 bar.
Hi Bird,
In my eyes a pullback is the same as re trace and even reversal.

we have the 00-00 bar like now, High broke and has now moved back into,re traced, pull back into 00-00 range. X
range is 29. Bias is Long until the low breaks.
Attached Image

Below 15 minute bar. We had re trace back into body =1 at a time when the 5 points had not been made.
No2, had made the 5 points and then re traced back into the 08-00 range, THIS DOES NOT COUNT as we had got the 5.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,130
  • Aug 27, 2020 4:03am Aug 27, 2020 4:03am
Last post i said Reversal????
you only know after the event that is is a reversal, not as it is happening.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,131
  • Aug 27, 2020 4:36am Aug 27, 2020 4:36am
Cable,
chart below,, candle/bar =X we could of gone long anywhere the price was. as the bias is long.
Attached Image
,
this is just for your info, i am not trading the 00-00 break . maybe short if it happens.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,132
  • Aug 27, 2020 4:57am Aug 27, 2020 4:57am
Morning all. London failing to move the market again.

Looking at the hourly and daily bars, price appears to be in an uptrend. That doesn't bode well for us as we all like to short here
  • #53,133
  • Aug 27, 2020 5:20am Aug 27, 2020 5:20am
Quoting billytt
{quote} Hi Bird, In my eyes a pullback is the same as re trace and even reversal. we have the 00-00 bar like now, High broke and has now moved back into,re traced, pull back into 00-00 range. X range is 29. Bias is Long until the low breaks. {image} Below 15 minute bar. We had re trace back into body =1 at a time when the 5 points had not been made. No2, had made the 5 points and then re traced back into the 08-00 range, THIS DOES NOT COUNT as we had got the 5. {image}
thanks for clarification billy, words can somewhat be confusing, but we sorted it out, thx.
trading is like dancing, don't think and just listen to the music!
  • #53,134
  • Aug 27, 2020 5:24am Aug 27, 2020 5:24am
Quoting billytt
Cable, chart below,, candle/bar =X we could of gone long anywhere the price was. as the bias is long. {image}, this is just for your info, i am not trading the 00-00 break . maybe short if it happens.
for curiosity i took a long on for +6 pips in the retrace into the 00-00 range, right interpretation?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1retrace00-00.png Size: 42 KB
trading is like dancing, don't think and just listen to the music!
  • #53,135
  • Aug 27, 2020 5:55am Aug 27, 2020 5:55am
Quoting birdland
{quote} for curiosity i took a long on for +6 pips in the retrace into the 00-00 range, right interpretation? {image}
Yep, as long as the range doesn't break short, Billy's bias remains long, so all long trades are fair game. And where you took it, was a decent place. Because if it were to fail, the other side of the 4 hour range is just below you, if you wanted to counter or close with an SL.
  • #53,136
  • Aug 27, 2020 5:57am Aug 27, 2020 5:57am
Quoting birdland
{quote} for curiosity i took a long on for +6 pips in the retrace into the 00-00 range, right interpretation? {image}
you got it right.
my last post would of failed.

I am only posting this info for guidance not as a method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,137
  • Aug 27, 2020 5:57am Aug 27, 2020 5:57am
Quoting ia1979
{quote} Yep, as long as the range doesn't break short, Billy's bias remains long, so all long trades are fair game. And where you took it, was a decent place. Because if it were to fail, the other side of the 4 hour range is just below you, if you wanted to counter or close with an SL.
correct. hope you are well.,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,138
  • Aug 27, 2020 6:04am Aug 27, 2020 6:04am
E/U 00-00 low was broken and re traced up, the 04-00 and 08-00 X
Attached Image
2 hour bars broke low again and retraced, this would of been good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,139
  • Aug 27, 2020 6:06am Aug 27, 2020 6:06am
Quoting billytt
Cable, ideally i want down,
good call mate, smashed back all the way down to last month's high
  • #53,140
  • Aug 27, 2020 7:54am Aug 27, 2020 7:54am
funny old day again,
Powell is speaking in USA shortly this might be the reason.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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