Billytt Die happy trading e/j daily breakout | Page 2721 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #54,401
  • Nov 6, 2020 9:47am Nov 6, 2020 9:47am
Quoting stu
Out & about again today so when I had time for a squint at the phone, I spotted good H1 reactions at the highlighted points....drilled down to M5 where, once price had broken the LH, it stalled for a few candles until it looked like might head north again. I bought on the break of that M5 candle and I was happy to get another 20 (wonder would Trump be happy with another 20?). {image}


Mr Trump would of shouted Fraud and sued you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,402
  • Nov 6, 2020 9:48am Nov 6, 2020 9:48am
Quoting billytt
{quote} you did well. my day was slow. i knew it was NFP day but i had a cunning plan. my main trade was good, and then i started to scalp, i was going long and short at same time with same pair, But with different sizes. just adding to the weaker pair. This was good as market was slow, It can be dangerous but i got my points.
I stayed away from all that stuff and just played the USTec on the 1-min all arvo. Simple stuff. Dead Horse + Kijun-sen providing the triggers.
  • #54,403
  • Nov 6, 2020 9:49am Nov 6, 2020 9:49am
Quoting birdland
i had a difficult day, started out well but then the 47% of ADR or just 65pips day made trading difficult, even for a few pips. but next week starts a fresh, new week! and i will be a winner, i know that;-)
next week should be different, new president, a lot of turmoil with lots of movement, and £££££ $$$$$$ to be made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,404
  • Nov 6, 2020 9:50am Nov 6, 2020 9:50am
Quoting birdland
{quote} the rules are very simple. you can also work with a buffer, personally i take 0.5 pips. and everything above 1 pips is a profit to be taken. my TP are 5-6 pips. but i am flexible and take also 2-3 pips if i dont like the movement. SL is always on the other side of the range. or you can also decide to quit before the trade if you dont like it anymore. billy and others are countering or hedging a fail, but that is a different story. {image}
Hmm... sounds very discretionary to me! What makes you close? Where does your stop go?
  • #54,405
  • Nov 6, 2020 9:51am Nov 6, 2020 9:51am
Just saying guys.. i am not being negative against Mr Trump, he made me a lot of money, as did Boris and still is.
We need people to open their mouths and freak the market makers
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,406
  • Nov 6, 2020 9:55am Nov 6, 2020 9:55am
Quoting edlee9514
{quote} Hmm... sounds very discretionary to me! What makes you close? Where does your stop go?
to a certain extent it is discretionary, this actually makes it better, as you will actually save a fail or two.
i have/had a working bot which could trade this break , but i classed it as cheating.lol and hardly ever used it, but the guys who programme it do use it.
Hope you are well.,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,407
  • Nov 6, 2020 10:01am Nov 6, 2020 10:01am
Quoting edlee9514
{quote} Hmm... sounds very discretionary to me! What makes you close? Where does your stop go?
Yep. It's called trading.
  • #54,408
  • Nov 6, 2020 10:03am Nov 6, 2020 10:03am
Couldn't resist a play. Too easy.

GU 1-min Kijun-sen + Z-Line just for the hell of it on a Friday afternoon +2.3 +3.6 [+5.9]

Attached Image (click to enlarge)
Click to Enlarge Name: GUatendofdayfprthehellofitKijum-sen6thNov2020for+2.3+3.6.png Size: 27 KB
  • #54,409
  • Nov 6, 2020 10:04am Nov 6, 2020 10:04am
Quoting lemercenaire
{quote} Yep. It's called trading.
(((( CLASSIC ))) point. It's Trading. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,410
  • Nov 6, 2020 10:05am Nov 6, 2020 10:05am
Quoting lemercenaire
{quote} I stayed away from all that stuff and just played the USTec on the 1-min all arvo. Simple stuff. Dead Horse + Kijun-sen providing the triggers.
i was just having fun, 2 brokers, long and short at same time.
i have stopped now.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,411
  • Nov 6, 2020 10:09am Nov 6, 2020 10:09am
Quoting billytt
{quote} i was just having fun, 2 brokers, long and short at same time. i have stopped now.
You need fun in your life or what's the sodding point.
  • #54,412
  • Nov 6, 2020 10:14am Nov 6, 2020 10:14am
Quoting lemercenaire
{quote} You need fun in your life or what's the sodding point.
i have the The Undertones Blasting out, and having a couple of beers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,413
  • Nov 6, 2020 11:07am Nov 6, 2020 11:07am
Quoting lemercenaire
Couldn't resist a play. Too easy. GU 1-min Kijun-sen + Z-Line just for the hell of it on a Friday afternoon +2.3 +3.6 [+5.9] {image}
lol....I've seen you post these soooo many times way back, but only fully get it now!!
  • #54,414
  • Nov 6, 2020 11:11am Nov 6, 2020 11:11am
Quoting billytt
{quote} to a certain extent it is discretionary, this actually makes it better, as you will actually save a fail or two. i have/had a working bot which could trade this break , but i classed it as cheating.lol and hardly ever used it, but the guys who programme it do use it. Hope you are well.,
I get what you're saying. I will backtest it and see. I have a GBP breakout which usually trades before 8am, so may actually add value to my existing strategy.

As a separate question, what would you say is your most profitable strategy in this thread?

Thanks for the posts - very helpful!
  • #54,415
  • Nov 6, 2020 11:21am Nov 6, 2020 11:21am
Quoting stu
{quote} lol....I've seen you post these soooo many times way back, but only fully get it now!!
It did it again, just as I looked at the charts (against Kijun, but with the support of yesterdays high in its favour). It happened very calmly, as opposed to what I've been looking at the last few weeks.


Attached Image
  • #54,416
  • Nov 6, 2020 12:06pm Nov 6, 2020 12:06pm
Quoting stu
{quote} It did it again, just as I looked at the charts (against Kijun, but with the support of yesterdays high in its favour). It happened very calmly, as opposed to what I've been looking at the last few weeks. {image}
A Z-Line will overrule everything. Going against the Kjun-sen is ok so long as you aware that you are doing it and that the trade may be on borrowed time.

Edit: Oh and you actually see this here in that chart. Yes, the first move North was against the Kijun-sen but you have also just had a second Z-Line move back down and this is obviously back in line with the Kijun-sen also.
  • #54,417
  • Nov 6, 2020 12:12pm Nov 6, 2020 12:12pm
Inserted Video
  • #54,418
  • Nov 6, 2020 12:55pm Nov 6, 2020 12:55pm
Quoting edlee9514
{quote} I get what you're saying. I will backtest it and see. I have a GBP breakout which usually trades before 8am, so may actually add value to my existing strategy. As a separate question, what would you say is your most profitable strategy in this thread? Thanks for the posts - very helpful!


First,,,, i am not contradicting myself.
i made a lot of money a few years ago trading the e/j daily break, and i compounded & compounded & compounded. (it was easier then).(pre stupid margin)
Then i returned to FF. and to fit in with the crowd i started to trade again for fun. (But it led to heavy trading) yaaaaay.

Now your answer. 08-00 break is the best...BUT,,,,, only when it fails.
i traded a/u 04-00 to 08-00 break, that too is /was good especially when it failed..
E/J daily break. the original Queen.. gooooooooooooood. have a guess. better after a fail lol. (But not when i compounded as that was a different rule).

What does Lem say????? PRICE HAS TO GO SOMEWHERE.
I say, PRICE WILL GO SOMEWHERE.
Thats how i trade. DAILY RANGE is a clue.
AND THE STATS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,419
  • Nov 6, 2020 12:58pm Nov 6, 2020 12:58pm
OOPs, i do not look for fails.
My 08-00 break trade, i get 5% . If it fails i get more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #54,420
  • Nov 6, 2020 1:11pm Nov 6, 2020 1:11pm
Quoting billytt
OOPs, i do not look for fails. My 08-00 break trade, i get 5% . If it fails i get more.
Interesting, I’m unfamiliar with your E/J strategy, but I also have a breakout strategy on EJ using the 22:00-2:00 range. Yields an EV of 0.68 and is purely mechanical.

what do you mean when you say it fails? Dyou have an example?
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