Billytt Die happy trading e/j daily breakout | Page 2688 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #53,741
  • Oct 1, 2020 7:19am Oct 1, 2020 7:19am
Quoting lemercenaire
Retrace at US Open? {image} Maybe not. You could argue that that is already the retrace move itself. Z-Line maybe? Around 1.29437? We'll see.
Took that Z-Line move - though was off the slightly higher top-of-wicks level.

Another slightly chancy move, as on the 1-min chart, I was below - just - the Kijun-sen. Hence took my anything-that's green and closed.

GU 5-Min Z-Line +6

Attached Image (click to enlarge)
Click to Enlarge Name: GUfor+6FromThatZ-LineOct1st2020.png Size: 22 KB
  • #53,742
  • Oct 1, 2020 7:20am Oct 1, 2020 7:20am
Quoting ia1979
Now off to trade the 1pm-1:15pm break on Gold. I would favour a long move, to break yesterday's high and keep going to make the ADR. Where's our resident Gold expert JP1?
He'll be over in Digger's Yard.
  • #53,743
  • Oct 1, 2020 7:21am Oct 1, 2020 7:21am
Tempted by lunch now. Things seem to have bogged down a bit. Maybe go have a look at the horses.

Back soon enough.
  • #53,744
  • Oct 1, 2020 7:27am Oct 1, 2020 7:27am
Quoting ia1979
Now off to trade the 1pm-1:15pm break on Gold. I would favour a long move, to break yesterday's high and keep going to make the ADR. Where's our resident Gold expert JP1?
That was the quickest 500+ point move ever. Done and dusted. Great day on Gold and EU, reasonable day on GU, and terrible on Dow lol. In profit overall so all good.
  • #53,745
  • Oct 1, 2020 7:27am Oct 1, 2020 7:27am
1pm XAU 15 min bar: broke north

Nice and quick for 60 pips - i know ia1979 would have been all over that!
Attached Image (click to enlarge)
Click to Enlarge Name: RB EA XAU 20201001.PNG Size: 55 KB
  • #53,746
  • Oct 1, 2020 7:31am Oct 1, 2020 7:31am
Quoting ia1979
Now off to trade the 1pm-1:15pm break on Gold. I would favour a long move, to break yesterday's high and keep going to make the ADR. Where's our resident Gold expert JP1?
sorry mate - missed this. It was definitely leaning towards the long side. im just glad it didnt whip around trying to get there - some days just work!
  • #53,747
  • Oct 1, 2020 7:32am Oct 1, 2020 7:32am
Well, another nice wee 20 which has almost doubled my take for this week from....guess what....DAX ;-)

I was just enjoying looking how price had moved up and down towards those S/D zones through yesterday and today. Price had climbed past the DPV then pulled back a bit and was bumbling around it, so I thought it could be worth putting my 20:20 sell at the open of the arrowed 9am candle. Once it opened price had had to push almost completely through a decent M15 demand zone to reach my 20, so I moved the stop up to BE when it got about 8 pips through.....and then away it went .

Attached Image

Noteworthy, it did stall and reverse right at the bottom of that M15 zone.

Attached Image
  • #53,748
  • Oct 1, 2020 8:12am Oct 1, 2020 8:12am
Quoting lemercenaire
Tempted by lunch now. Things seem to have bogged down a bit. Maybe go have a look at the horses. Back soon enough.
There's Smoke on the Water with Miss Turner at 19.30.
  • #53,749
  • Oct 1, 2020 8:14am Oct 1, 2020 8:14am
1pm GU 15 min bar: failed on the long break (20pip loss).....managed to get it back on the drop short for 20pips, but with double the lot size, so made a little (trailing SL tagged me out a bit early)
Attached Image (click to enlarge)
Click to Enlarge Name: RB EA GU 20201001.PNG Size: 53 KB
  • #53,750
  • Oct 1, 2020 8:19am Oct 1, 2020 8:19am
Quoting lemercenaire
Kinda' lucky here. Not only was I Tail-End-Charlie-ing (jumping on the end of a move) but I hadn't checked the ADR or I would have seen that we were above it. In my defense it was a perfect pull-back that got me in and wouldn't have cost me much if I had got it wrong. GU 1-min Kijun-sen +17.6 {image}
Nice .....good PA reading still very much a weak spot for me...I can see that the pullback candles are kindof 'sitting on top' of the 4 candles to the left, but can I ask on which of those 6 pullback candles the order line intersects did your gut give you the nudge to pull the trigger?
  • #53,751
  • Oct 1, 2020 8:36am Oct 1, 2020 8:36am
Quoting stu
{quote} Nice .....good PA reading still very much a weak spot for me...I can see that the pullback candles are kindof 'sitting on top' of the 4 candles to the left, but can I ask on which of those 6 pullback candles the order line intersects did your gut give you the nudge to pull the trigger?
Tell him to get back on the horses.
  • #53,752
  • Oct 1, 2020 9:08am Oct 1, 2020 9:08am
Quoting claudia1
{quote} Which one is Billy ?
Must be Mr Cleese!!!
  • #53,753
  • Oct 1, 2020 9:08am Oct 1, 2020 9:08am
Quoting claudia1
{quote} Tell him to get back on the horses.
'mon Lem....giddy-up!!
  • #53,754
  • Oct 1, 2020 9:53am Oct 1, 2020 9:53am
Quoting Jp1
1pm GU 15 min bar: failed on the long break (20pip loss).....managed to get it back on the drop short for 20pips, but with double the lot size, so made a little (trailing SL tagged me out a bit early) {image}
Pretty much the same as what happened to me on the 12am-4am break on GU.
  • #53,755
  • Oct 1, 2020 9:59am Oct 1, 2020 9:59am
Quoting stu
{quote} Nice .....good PA reading still very much a weak spot for me...I can see that the pullback candles are kindof 'sitting on top' of the 4 candles to the left, but can I ask on which of those 6 pullback candles the order line intersects did your gut give you the nudge to pull the trigger?
That one.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGU-Kijun-sen1minOct1st2020for+17.6thatone_LI.jpg Size: 645 KB

Somewhere in the ether between that one closing and the next opening.

On the 1-min chart, you get can develop a sense of how price ''breathes'', for want of a better word. So although the next one went down, it kind of paused and held its breath and so happy I got it right.

If the next one had closed below, I would have closed for a tiny loss and with the space available below, would have looked at getting in again. As it happens, I didn't need to, so fair enough.

These pa and entry principles are freely and openly borrowed from the master of scalping, Bob Volman.
  • #53,756
  • Oct 1, 2020 10:03am Oct 1, 2020 10:03am
Been waiting for what seems like days on The USTech 1-min chart to flip to the upside but it's taking a bit of a maddy just now and is all over the place. Very unusual, as this is normally a time slot for very repeatable pa. Hmmmmmm...
  • #53,757
  • Oct 1, 2020 10:10am Oct 1, 2020 10:10am
Same again on the XAU 1pm 15 min bar - one fail, second has come good
Attached Image (click to enlarge)
Click to Enlarge Name: RB EA XAU 20201001 2.PNG Size: 56 KB
  • #53,758
  • Oct 1, 2020 10:30am Oct 1, 2020 10:30am
Quoting birdland
{quote} i felt also something "not right" with the long. took +7 from the break of the 00-00 low level, thx. i have an interesting statistic about 08-15, coming soon...
i have backtested a simple approach without a stop, because i hate stops.
billy's bar: TP 20 (north&south) OR close latest EOD.

may: 18
june: 232
july: -23
aug: 193
sept: 228

190 trades (+147/-43)

sounds nice, but the downside is a drawdown of more than -300pips.
BUT, it simple illustrates the robustness of billy's bar!
trading is like dancing, don't think and just listen to the music!
  • #53,759
  • Oct 1, 2020 11:50am Oct 1, 2020 11:50am
Quoting birdland
{quote} i have backtested a simple approach without a stop, because i hate stops. billy's bar: TP 20 (north&south) OR close latest EOD. may: 18 june: 232 july: -23 aug: 193 sept: 228 190 trades (+147/-43) sounds nice, but the downside is a drawdown of more than -300pips. BUT, it simple illustrates the robustness of billy's bar!

''...the downside is a drawdown of more than -300pips''...

Attached Image
  • #53,760
  • Oct 1, 2020 12:09pm Oct 1, 2020 12:09pm
Quoting Jp1
Same again on the XAU 1pm 15 min bar - one fail, second has come good {image}
Good going today. Was the counter after the fail double the size?
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