Billytt Die happy trading e/j daily breakout | Page 2699 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #53,961
  • Oct 7, 2020 3:08am Oct 7, 2020 3:08am
Quoting ia1979
{quote} Quite brave as it was right around the daily pivot. As they say, fortune favours the brave
the daily pivot was at 1.2916, so my buy @ 1.2922 was above
trading is like dancing, don't think and just listen to the music!
  • #53,962
  • Oct 7, 2020 3:14am Oct 7, 2020 3:14am
look how GU finds support here on the daily pivot:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 pivot.png Size: 35 KB
trading is like dancing, don't think and just listen to the music!
  • #53,963
  • Oct 7, 2020 3:15am Oct 7, 2020 3:15am
Have to be out and about this morning, so no screen time for me until I eventually get back.

Have fun!
  • #53,964
  • Oct 7, 2020 3:18am Oct 7, 2020 3:18am
Quoting ia1979
{quote} Quite brave as it was right around the daily pivot. As they say, fortune favours the brave
See line. Trade line.
  • #53,965
  • Oct 7, 2020 3:22am Oct 7, 2020 3:22am
Quoting birdland
{quote} the daily pivot was at 1.2916, so my buy @ 1.2922 was above
Yeah suppose it does not matter too much when looking for a small number of pips.
  • #53,966
  • Oct 7, 2020 3:24am Oct 7, 2020 3:24am
Quoting lemercenaire
{quote} See line. Trade line.
Very true Lem. Sometimes these additional psychological blockers do more harm than good. We start to overcomplicate things. Paralysis through analysis as you say.
  • #53,967
  • Oct 7, 2020 4:01am Oct 7, 2020 4:01am
Quoting ia1979
{quote} Yeah suppose it does not matter too much when looking for a small number of pips.
it does matter if you are on a couple of hundred pounds per pip????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,968
  • Oct 7, 2020 4:12am Oct 7, 2020 4:12am
and +5 from 08-15 range break downside. i try to trade these lines as much as possible;-)
trading is like dancing, don't think and just listen to the music!
  • #53,969
  • Oct 7, 2020 4:18am Oct 7, 2020 4:18am
Quoting birdland
and +5 from 08-15 range break downside. i try to trade these lines as much as possible;-)
cable, after the 08-00 15 long, i was short and now long again.
i am playing my game.
Bring it on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,970
  • Oct 7, 2020 4:19am Oct 7, 2020 4:19am
Morning....nabbed a quick 20 again this morning. Price had dropped out of a M15 supply zone, came on through DR1, getting steadily drawn back towards M15 demand. M1 trend was cascading down nicely, so I waited until it pulled back up to Kijun then sold, closing just above the M15 demand zone (which price touched nicely and has paused at now).

Attached Image
  • #53,971
  • Oct 7, 2020 4:24am Oct 7, 2020 4:24am
Quoting stu
Morning....nabbed a quick 20 again this morning. Price had dropped out of a M15 supply zone, came on through DR1, getting steadily drawn back towards M15 demand. M1 trend was cascading down nicely, so I waited until it pulled back up to Kijun then sold, closing just above the M15 demand zone (which price touched nicely and has paused at now). {image}

nice one bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,972
  • Oct 7, 2020 4:25am Oct 7, 2020 4:25am
Quoting birdland
and +5 from 08-15 range break downside. i try to trade these lines as much as possible;-)
that is good, you are getting a method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,973
  • Oct 7, 2020 4:41am Oct 7, 2020 4:41am
Quoting birdland
and +5 from 08-15 range break downside. i try to trade these lines as much as possible;-)
Similar opportunities trading the Dead Zone via UC. Price will surf the zone often through the whole day.
  • #53,974
  • Oct 7, 2020 4:58am Oct 7, 2020 4:58am
Quoting lemercenaire
{quote} Similar opportunities trading the Dead Zone via UC. Price will surf the zone often through the whole day.
thx lem, but ill stick to GU like it is my wife...and one is enough;-)
trading is like dancing, don't think and just listen to the music!
  • #53,975
  • Oct 7, 2020 5:27am Oct 7, 2020 5:27am
Cable, short
t 11-27
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,976
  • Oct 7, 2020 5:32am Oct 7, 2020 5:32am
As Lem says, quote, SEE LINE, TRADE LINE.
IT HAS TO GO SOMEWHERE.
& IT WILL GO SOMEWHERE. <<<< i say that.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,977
  • Oct 7, 2020 8:42am Oct 7, 2020 8:42am
another 43 pip move on the m1 chart, because of this red news: UK plans to quit Brexit trade talks if no deal seen by Oct. 15

i was long and i dont want to trade this way, but thankfully i had no stop and could lower my entry price on this spike. so i came out with a profit, but i am not proud of this.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 43pip.png Size: 41 KB


dont know how to avoid this. maybe stop trading GU for a while or reduce my initial risk? brexit talks will continue...
trading is like dancing, don't think and just listen to the music!
  • #53,978
  • Oct 7, 2020 9:17am Oct 7, 2020 9:17am
Quoting birdland
another 43 pip move on the m1 chart, because of this red news: UK plans to quit Brexit trade talks if no deal seen by Oct. 15 i was long and i dont want to trade this way, but thankfully i had no stop and could lower my entry price on this spike. so i came out with a profit, but i am not proud of this. {image} dont know how to avoid this. maybe stop trading GU for a while or reduce my initial risk? brexit talks will continue...
I've been there and done it, it happens bud.
Hopefully it is good experience.
you still have to be punished.
Attached Image

ouch.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,979
  • Oct 7, 2020 10:22am Oct 7, 2020 10:22am
Quoting billytt
{quote} I've been there and done it, it happens bud. Hopefully it is good experience. you still have to be punished. {image} ouch.
i think i need the hard way;-)
trading is like dancing, don't think and just listen to the music!
  • #53,980
  • Oct 7, 2020 12:10pm Oct 7, 2020 12:10pm
Quoting birdland
another 43 pip move on the m1 chart, because of this red news: UK plans to quit Brexit trade talks if no deal seen by Oct. 15 i was long and i dont want to trade this way, but thankfully i had no stop and could lower my entry price on this spike. so i came out with a profit, but i am not proud of this. {image} dont know how to avoid this. maybe stop trading GU for a while or reduce my initial risk? brexit talks will continue...
You kind of answered your own question and I'm glad you didn't panic and then eventually came out ahead.

As you've read the thread, you will know I am a fan of Spike-Hunting and it is always worth bearing in mind that there are always opportunities to trade these moves, as as you know, price does not only move in one direction, 100% of the time. Even the strongest momo move will have a retrace in there.

It is actually a way to make major dosh off of a blink of an eye.

Anyway, just a thought and as I said, glad you did eventually green up anyway.
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