Billytt Die happy trading e/j daily breakout | Page 2802 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,021
  • Jan 28, 2021 9:38pm Jan 28, 2021 9:38pm
Quoting MichaelG
Eventually lol. +4 off the AJ 2H break low. I didn't take the high break (but it would have worked) {image}
Another fine trade. Nice 1.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,022
  • Edited 11:17pm Jan 28, 2021 11:04pm | Edited 11:17pm
A
I was asked about my scalping.
This is how it started and i will make 3 posts, A-B-C on how it evolved.
from 4 hour chart below.
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example, we have a range with a high and a low. this range happens to be approx 100, we are currently at No 1 midway.
Will price move up or down????
IF we are already in a trade we can aim for the high or low. lets see.
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the price moved up to break high. it made approx 30 points.
This is my trade at its simplest.

edit. now lets look at the 5 minute chart. next post B
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,023
  • Edited Jan 29, 2021 1:26am Jan 28, 2021 11:04pm | Edited Jan 29, 2021 1:26am
B
so now we are on the 5 minute chart.
this happened not long ago
cable 5 min chart.
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we had a range H -L approx 20 points.
the low broke at X. look what happened . It then retraced up.
WHAT DO WE DO????? do we have a small stop or counter? i use stop because i am scalping.
It then dropped at A.

again it was moving up and down. but finally dropped for profit.
i am glad this happened as it shows it was messy, i actually traded it.

edit, dax 5 min chart,
A-B-C-D are levels to break.
1-2-3-4 are the actual breaks.
Attached Image (click to enlarge)
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add aonther dax, a continuation
Attached Image

1-2-3-4-5-6-7-8 all levels to trade. not all were easy.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,024
  • Edited Jan 29, 2021 4:19am Jan 28, 2021 11:04pm | Edited Jan 29, 2021 4:19am
C
DISCLAIMER, do not try to copy my trade style on pages 56022, 56023, 56024 unless you are fully conversant with imy style and your Pc is able to carry out fast trades .
Money Management you should be aware of and this i cannot teach.
Expectation, it is up to the individual how much you want to make or/and lose.

edit, we have to be aware of whip,consolidation on these small time frames, they are a pain but can be managed once you get the feel.

and it helps if you have 2 or 3 brokers to play them against each other. shhhhhhhhhhhhhh.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,025
  • Edited 12:19am Jan 29, 2021 12:08am | Edited 12:19am
Quoting billytt
B so now we are on the 5 minute chart. this happened not long ago cable 5 min chart. {image}we had a range H -L approx 20 points. the low broke at X. look what happened . It then retraced up. WHAT DO WE DO????? do we have a small stop or counter? i use stop because i am scalping. It then dropped at A. again it was moving up and down. but finally dropped for profit. i am glad this happened as it shows it was messy, i actually traded it. edit, dax 5 min chart, A-B-C-D are levels to break. 1-2-3-4 are the actual breaks. {image}
That looks like fun Billy. I see why you are doing 40+ trades a day like this

Looks like you are trading a form of an "early" break of levels, or the break of a pullback to that level, if I am not mistaken?
  • #56,026
  • Jan 29, 2021 12:19am Jan 29, 2021 12:19am
very interesting story about fight between hedgefund and small investors:
https://www.independent.co.uk/news/w...-b1794312.html
trading is like dancing, don't think and just listen to the music!
  • #56,027
  • Jan 29, 2021 12:22am Jan 29, 2021 12:22am
Quoting birdland
very interesting story about fight between hedgefund and small investors: https://www.independent.co.uk/news/w...-b1794312.html
Its just a gamma play. The short seller has to pay tomorrow. Then everything will be over.
The short seller has more contracts than there is shares..
All retailers right now should be organizing groups to do the same exact thing.
  • #56,028
  • Jan 29, 2021 12:25am Jan 29, 2021 12:25am
Looking for the 70 range low here off the BB low. Fingers crossed.

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  • #56,029
  • Jan 29, 2021 12:33am Jan 29, 2021 12:33am
Quoting MichaelG
Looking for the 70 range low here off the BB low. Fingers crossed. {image}
i am exactly running the same trade, short since 1.3700
trading is like dancing, don't think and just listen to the music!
  • #56,030
  • Jan 29, 2021 12:34am Jan 29, 2021 12:34am
Quoting Wizzlebizzle
{quote} That looks like fun Billy. I see why you are doing 40+ trades a day like this Looks like you are trading a form of an "early" break of levels, or the break of a pullback to that level, if I am not mistaken?
thanks bud.
i am currently in a dax trade, so far so good but i made a mistake lol.
Pc is on auto hence my speaking now.

edit, i started this post several minutes ago, everything is sorted now.
lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,031
  • Jan 29, 2021 12:35am Jan 29, 2021 12:35am
Quoting MichaelG
Looking for the 70 range low here off the BB low. Fingers crossed. {image}
yaaaay go for it, gl
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,032
  • Jan 29, 2021 1:09am Jan 29, 2021 1:09am
Quoting birdland
{quote} i am exactly running the same trade, short since 1.3700
Good on ya Mr B.

1.3700 pretty much bang on the daily pivot (if you look at that stuff)

The low of the Billy's 70 equates to (about) the S38 support......nice target (?)

(Of zero interest to anyone but myself... I call it the 38 Crash......not to be confused with Suzie Quatro's 48 Crash lol)
  • #56,033
  • Jan 29, 2021 1:28am Jan 29, 2021 1:28am
Quoting MichaelG
{quote} Good on ya Mr B. 1.3700 pretty much bang on the daily pivot (if you look at that stuff) The low of the Billy's 70 equates to (about) the S38 support......nice target (?) (Of zero interest to anyone but myself... I call it the 38 Crash......not to be confused with Suzie Quatro's 48 Crash lol)
i agree to everything you said.

of course its friday and its tempting to hold the position longer. but i will close soon, latest ds1.
trading is like dancing, don't think and just listen to the music!
  • #56,034
  • Jan 29, 2021 1:50am Jan 29, 2021 1:50am
Quoting MichaelG
Looking for the 70 range low here off the BB low. Fingers crossed. {image}
nice 1, we have just made +70 .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,035
  • Jan 29, 2021 1:52am Jan 29, 2021 1:52am
Quoting birdland
{quote} i agree to everything you said. of course its friday and its tempting to hold the position longer. but i will close soon, latest ds1.

Well done Mr B.
It took a while, but it got there. I hope you held on

+4 for me....don't know what's gunna happen next, so happy with that.

GREAT weekend to ALL.
That's me,,,, almost 9 PM here in Aus....so there is beer to be consumed lol.

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  • #56,036
  • Jan 29, 2021 1:52am Jan 29, 2021 1:52am
too many lines below AND billys 70, so i closed my short.
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trading is like dancing, don't think and just listen to the music!
  • #56,037
  • Jan 29, 2021 2:33am Jan 29, 2021 2:33am
Dax 5 min chart , a low has just broken
Attached Image

1-2-3-4-5-6 level. lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,038
  • Edited 4:52am Jan 29, 2021 4:32am | Edited 4:52am
dax 5 min.
i know it is Friday and time 12-31 pm.
1 -2 are low levels. 3 is a high level.
lets see what happens.
Attached Image

time now 12-51 just before usa open. 3 is forming into a level, nothing happening yet.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,039
  • Jan 29, 2021 5:04am Jan 29, 2021 5:04am
posted earlier
Attached Image

and this is what happened, level broke
Attached Image (click to enlarge)
Click to Enlarge Name: dax 29 01 21 B.png Size: 19 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,040
  • Jan 29, 2021 6:53am Jan 29, 2021 6:53am
Quoting Wizzlebizzle
{quote} That looks like fun Billy. I see why you are doing 40+ trades a day like this Looks like you are trading a form of an "early" break of levels, or the break of a pullback to that level, if I am not mistaken?
i have finished now until next week
41 trades with 11 of those fails, i have had a gooooooooooooooooooooooooooooooooooooooooooooood week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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