Billytt Die happy trading e/j daily breakout | Page 2806 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,101
  • Feb 3, 2021 3:04am Feb 3, 2021 3:04am
Had a short of the Billy Bar. Went going side ways for a little while, was just about to throw in a long as it broke to the downside properly. +4 locked in.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-03 at 09.01.57.png Size: 32 KB
  • #56,102
  • Feb 3, 2021 3:14am Feb 3, 2021 3:14am
Hi all,
Cable 08-00 break. low broke for +5%, AND ,,,,,,AND i traded it yaaaaaaaaaaaaaay.
i have scalped a couple of times and battered dax and a couple of cable trades.
It got me thinking, i originally traded for 5 points because i know you can live off this amount.
SOOOOOOO make 5 and chill.
This scalping, like yesterday i made 46 trades and that included 13 losses. i actually had a bad time even though i made profit.(Last 2 weeks being amazing).
Just saying, hopefully i will revert back to my 08-00 break trade, as that is all i need.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,103
  • Feb 3, 2021 3:14am Feb 3, 2021 3:14am
Quoting Wizzlebizzle
Had a short of the Billy Bar. Went going side ways for a little while, was just about to throw in a long as it broke to the downside properly. +4 locked in.{image}
yaaaaaaaaaaaaaaaaaaaaaaaay, i did trade it.
Weird thing is, went short and what seemed like a life time it dropped,

edit. i realise you posted the 5 minute chart. duh!
i made a couple of cable scalps plus the 08-00 break, but i was on dax too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,104
  • Feb 3, 2021 3:25am Feb 3, 2021 3:25am
BillyBar +5 on the low break.
  • #56,105
  • Feb 3, 2021 3:26am Feb 3, 2021 3:26am
W, cable , 5 minute chart
1= last level which has now been broken by =3. (this 3 will probably be a level in the future).
2= high level.
Attached Image

t 09-26
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,106
  • Feb 3, 2021 3:32am Feb 3, 2021 3:32am
Quoting Wizzlebizzle
Had a short of the Billy Bar. Went going side ways for a little while, was just about to throw in a long as it broke to the downside properly. +4 locked in.{image}
Took +15 in the end
  • #56,107
  • Feb 3, 2021 3:36am Feb 3, 2021 3:36am
Quoting billytt
W, cable , 5 minute chart 1= last level which has now been broken by =3. (this 3 will probably be a level in the future). 2= high level. {image} t 09-26
Morning B,

Thank you.

I see you (most times?) place the lines not exactly at the highs and lows. Do you have a general rule where you do place them? If I were to guess it would be where "price took off from a congested area" ?

Cheers W
  • #56,108
  • Feb 3, 2021 3:39am Feb 3, 2021 3:39am
Quoting Wizzlebizzle
{quote} Morning B, Thank you. I see you (most times?) place the lines not exactly at the highs and lows. Do you have a general rule where you do place them? If I were to guess it would be where "price took off from a congested area" ? Cheers W

i do not count the wicks.
As it works for me, i trade it.
Unlike 08-00 15 minute bar break. my entry is exact.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,109
  • Feb 3, 2021 3:47am Feb 3, 2021 3:47am
Quoting billytt
{quote} i do not count the wicks. As it works for me, i trade it. Unlike 08-00 15 minute bar break. my entry is exact.
Roger. That makes sense.

May I ask, why for example you choose the blue line and not the orange line?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-03 at 09.44.13.png Size: 43 KB


edit: don't know why my charts are so big!
  • #56,110
  • Feb 3, 2021 3:50am Feb 3, 2021 3:50am
+4.5 off the BB.
My only trade today. I had a very uncomfortable tooth removed today, so feeling a bit sorry for myself.

The most annoying part was my Dentist told me I couldn't drink alcohol or have any ciggies for 24 hours. (YES. I am one of those social leppers)

Anyway, after getting home and "coping"(not) for a number of hours, I weakened (on both accounts).

Probably pay for it tomorrow, but right now.....I've been the most comfortable/happy in the last few days........so that's gotta be okay ...Right??

Cheers to all, and good trading.
  • #56,111
  • Feb 3, 2021 3:56am Feb 3, 2021 3:56am
Quoting Wizzlebizzle
{quote} Roger. That makes sense. May I ask, why for example you choose the blue line and not the orange line? {image}
the gap between orange and blue is negligible, mainly due to time of day.
this level orange was also the low level from 06 /07 earlier today.

You do have a valid point, the orange is the actual low but blue it was, lol
trade well.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,112
  • Feb 3, 2021 4:04am Feb 3, 2021 4:04am
Quoting billytt
{quote} the gap between orange and blue is negligible, mainly due to time of day. this level orange was also the low level from 06 /07 earlier today. You do have a valid point, the orange is the actual low but blue it was, lol trade well. {image}
Fair enough, thought u would say something along those lines, thanks

The low u marked earlier broke for a nice scalp (didn't trade it). Just got called of my standby, off to work.

Have a good day
  • #56,113
  • Feb 3, 2021 4:06am Feb 3, 2021 4:06am
Sorry couldn't resist

Something like this (blue line)? potential low in the make?

t 10 05
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-03 at 10.04.49.png Size: 37 KB
  • #56,114
  • Feb 3, 2021 4:08am Feb 3, 2021 4:08am
Quoting billytt
W, cable , 5 minute chart 1= last level which has now been broken by =3. (this 3 will probably be a level in the future). 2= high level. {image} t 09-26
so it went from
Attached Image

to ,below
Attached Image

please note,
=1 was low level. =2 broke the low level, made a couple of points then moved up.
Then oit dropped again at = 3
t 10-08
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,115
  • Feb 3, 2021 4:10am Feb 3, 2021 4:10am
Quoting Wizzlebizzle
Sorry couldn't resist Something like this (blue line)? potential low in the make? t 10 05 {image}
yes. precisely. BUT remember you do need a gap. we do not want consolidation/whip.
This is a fine line and needs to be watched.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,116
  • Feb 3, 2021 4:15am Feb 3, 2021 4:15am
Quoting billytt
{quote} yes. precisely. BUT remember you do need a gap. we do not want consolidation/whip. This is a fine line and needs to be watched.

RIGHT, i have a slight problem.
Before i contradict myself. regarding have a decent gap between high/low and whip/consolidation.
We are bringing fast trades into operation as in algorithms?????.

and this is getting close to that bot i sold , shhhhhhhhhhhhhhhhhhh
i cannot say more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,117
  • Feb 3, 2021 4:15am Feb 3, 2021 4:15am
Quoting billytt
{quote} so it went from {image} to ,below {image} please note, =1 was low level. =2 broke the low level, made a couple of points then moved up. Then oit dropped again at = 3 t 10-08
Interesting point coming up between 1.3620 and 1.3610. Feels like we want to crack 1.36... but not in one go?
  • #56,118
  • Feb 3, 2021 4:19am Feb 3, 2021 4:19am
Quoting billytt
{quote} RIGHT, i have a slight problem. Before i contradict myself. regarding have a decent gap between high/low and whip/consolidation. We are bringing fast trades into operation as in algorithms?????. and this is getting close to that bot i sold , shhhhhhhhhhhhhhhhhhh i cannot say more.
Ha! Billy you don't have to worry about me anyway!

These posts are like this to me:

Attached Image
  • #56,119
  • Feb 3, 2021 4:26am Feb 3, 2021 4:26am
Quoting MichaelG
The most annoying part was my Dentist told me I couldn't drink alcohol or have any ciggies for 24 hours. (YES. I am one of those social leppers)
Hi Michael,

Oh. Going to the dentist comes pretty much last of my favorite things to do...

Well done with your trade. Hope you are allright soon.

Attached Image
  • #56,120
  • Feb 3, 2021 4:28am Feb 3, 2021 4:28am
Quoting MichaelG
+4.5 off the BB. My only trade today. I had a very uncomfortable tooth removed today, so feeling a bit sorry for myself. The most annoying part was my Dentist told me I couldn't drink alcohol or have any ciggies for 24 hours. (YES. I am one of those social leppers) Anyway, after getting home and "coping"(not) for a number of hours, I weakened (on both accounts). Probably pay for it tomorrow, but right now.....I've been the most comfortable/happy in the last few days........so that's gotta be okay ...Right?? Cheers to all, and good trading.
Ouch. I feel your pain! Well tbh my partner feels your pain - she had to have a root canal yesterday. Not a happy camper.
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