Billytt Die happy trading e/j daily breakout | Page 2677 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #53,521
  • Sep 23, 2020 6:25am Sep 23, 2020 6:25am
Quoting billytt
{quote} -8 -2
-2
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,522
  • Sep 23, 2020 6:26am Sep 23, 2020 6:26am
Quoting stu
{quote} (it hasn't worked yet....think you need some more support Billy) Took another 10 from DAX today. good bounce off the monthly pivot - prior reactions to this pivot in Sept were always very strong so, having missed the original short off the pivot, I still felt comfortable shorting for a few on the break of the close of the arrowed candle. {image}
got a couple off the high break.
i have finished for today.
still running at -2.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,523
  • Sep 23, 2020 6:33am Sep 23, 2020 6:33am
Quoting billytt
ALL SHOUT, for cable to drop on US Open.
shouted, but it didnt help;-)

closed my day with -15
trading is like dancing, don't think and just listen to the music!
  • #53,524
  • Sep 23, 2020 6:36am Sep 23, 2020 6:36am
in 10 minutes "they" will announce flash PMI...they didnt announce it two hours ago.

i think this news announcements out of the plan makes the market more difficult.
trading is like dancing, don't think and just listen to the music!
  • #53,525
  • Sep 23, 2020 7:21am Sep 23, 2020 7:21am
Had an unusually clear afternoon so have been watching charts off & on and just took another 10 pips on DAX. I've noticed the 5am body working quite well as a zone on occasion, so as price appeared to be getting sucked nicely towards a fairly fresh demand zone on M30, I decided to try another wee punt as it crossed into the body of the 5am bar (arrowed). Trade was open & closed by the time I was back with a cuppa. I think I'll definitely leave it for the week now - I've really been pushing my luck!!

This is the M30 chart, to show the demand zone.

Attached Image (click to enlarge)
Click to Enlarge Name: GE30.sbM30.20200923.png Size: 15 KB


EDIT: Just for my record....the zone was touched nicely before price pulled back!

Attached Image (click to enlarge)
Click to Enlarge Name: GE30.sbM30.20200923_zone_touched.png Size: 15 KB
  • #53,526
  • Sep 23, 2020 9:12am Sep 23, 2020 9:12am
Quoting claudia1
It's going to the pivot at 70 area. Could be very wrong though it's a tough day.
We got there in the end - there's a song in those words Lemercenaire lol.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 78 KB
  • #53,527
  • Sep 23, 2020 10:37am Sep 23, 2020 10:37am
Quoting claudia1
{quote} We got there in the end - there's a song in those words Lemercenaire lol.{image}
"Traders song"
Soooo it got there in the end, though it drove me round the bend,
I lost pips, lost pips galore, an' it left me feelin' sore,
Buuuut, it got there in the end, Mr Green is now my friend,
I'm a rockin' out the door, off to bed to have a snore.
  • #53,528
  • Sep 23, 2020 11:57am Sep 23, 2020 11:57am
Quoting claudia1
{quote} We got there in the end - there's a song in those words Lemercenaire lol.{image}
Tried something a bit different today. Plan was to take the open of the 9am 1 hour bar as a reference point (line in the sand, if you will) and take trades in the direction of the 5 minute bar close. So, short if the 5 minute bar closed under the open of the 9am 1 hour bar, and long if it closed above. Took trades in both directions and it worked out very well. Seems to work fine most days. Of course we will get losers but as someone cleverer than myself once said, price has to go somewhere . And the winners seem to compensate well for the losers. Taking profit is subjective of course. Aiming for obvious targets (pivot, daily open, yesterday's high/low etc).
  • #53,529
  • Sep 23, 2020 7:05pm Sep 23, 2020 7:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 44 KB

Small ATM withdrawal.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #53,530
  • Sep 23, 2020 11:07pm Sep 23, 2020 11:07pm
Quoting stu
{quote} "Traders song" Soooo it got there in the end, though it drove me round the bend, I lost pips, lost pips galore, an' it left me feelin' sore, Buuuut, it got there in the end, Mr Green is now my friend, I'm a rockin' out the door, off to bed to have a snore.
yaaaaaaaaaaaaaaaay, do you have an agent?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,531
  • Sep 23, 2020 11:09pm Sep 23, 2020 11:09pm
Hi all,
00-00 4 hour bar break, both cable and e/u have broken low but i have left it.

We'll see hope my 08-00 trade goes.
i am -2 down from yesterday plus overnight charge.
which i class as an overhead.
Trade well all.
t 07-09
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,532
  • Sep 24, 2020 12:12am Sep 24, 2020 12:12am
Quoting ia1979
{quote} Tried something a bit different today. Plan was to take the open of the 9am 1 hour bar as a reference point (line in the sand, if you will) and take trades in the direction of the 5 minute bar close. So, short if the 5 minute bar closed under the open of the 9am 1 hour bar, and long if it closed above. Took trades in both directions and it worked out very well. Seems to work fine most days. Of course we will get losers but as someone cleverer than myself once said, price has to go somewhere . And the winners seem to compensate well...

Hi bud, looks like a good idea.
The uk open and break trades have been going for a long time,
i trade the 08-00 15 as you know, the 1 hour break is good and with your 5 minute bar even better.

You make a good point with aiming for pips.
Just keep your stats.
What i am trying to say is and nicely, i get 5 points and rip it, if i tried getting 100 which is ridiculous i would lose, if i tried getting 50 i would lose, if 20 lose.
i would have winners with 20 but when i got a fail it would be difficult to fix.

..right it is 08-11 and nearly time to trade the 08-00 break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,533
  • Sep 24, 2020 12:14am Sep 24, 2020 12:14am
nope, sorry, i am not trading the 08-00 break, range too big.
t 08-14
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,534
  • Sep 24, 2020 12:16am Sep 24, 2020 12:16am
cable, i will short it, it is in the 00-00 range and it will be a retrace trade, if it fails i wont lose as much.
t 08-16
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,535
  • Sep 24, 2020 12:20am Sep 24, 2020 12:20am
Quoting ia1979
{quote} Tried something a bit different today. Plan was to take the open of the 9am 1 hour bar as a reference point (line in the sand, if you will) and take trades in the direction of the 5 minute bar close. So, short if the 5 minute bar closed under the open of the 9am 1 hour bar, and long if it closed above. Took trades in both directions and it worked out very well. Seems to work fine most days. Of course we will get losers but as someone cleverer than myself once said, price has to go somewhere . And the winners seem to compensate well...

AND, we also have the 08-15 15 minute bar, shhhhhhhhhhhhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,536
  • Sep 24, 2020 12:33am Sep 24, 2020 12:33am
this big 08-15 range is very rare, in the last 6 month i only saw it once
trading is like dancing, don't think and just listen to the music!
  • #53,537
  • Sep 24, 2020 12:47am Sep 24, 2020 12:47am
Same again, i am going to place a re trade on cable,
t 08-47
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,538
  • Sep 24, 2020 12:48am Sep 24, 2020 12:48am
Quoting ia1979
{quote} Tried something a bit different today. Plan was to take the open of the 9am 1 hour bar as a reference point (line in the sand, if you will) and take trades in the direction of the 5 minute bar close. So, short if the 5 minute bar closed under the open of the 9am 1 hour bar, and long if it closed above. Took trades in both directions and it worked out very well. Seems to work fine most days. Of course we will get losers but as someone cleverer than myself once said, price has to go somewhere . And the winners seem to compensate well...
good contribution, the london open is very important.

you can also take the 9am open from the day before (yesterday) and see how the hourly closings behave.
trading is like dancing, don't think and just listen to the music!
  • #53,539
  • Sep 24, 2020 12:48am Sep 24, 2020 12:48am
Quoting birdland
this big 08-15 range is very rare, in the last 6 month i only saw it once
it will probably still make 5 points , its just very close to the 00-00 high, so maybe get bounce .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,540
  • Sep 24, 2020 12:55am Sep 24, 2020 12:55am
Quoting billytt
{quote} yaaaaaaaaaaaaaaaay, do you have an agent?
Nope... would not be worth his/her while..... that's my creative bolt shot for life!! Extra verses can be added if anyone wants to shoot theirs ...in terms of 'feel', think banjo, beans & chaps.
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