Billytt Die happy trading e/j daily breakout | Page 2809 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,161
  • Feb 4, 2021 3:25am Feb 4, 2021 3:25am
Quoting samuel2133
@MichaelG, yes I've had the same thought when I saw that asian session down move and the current ADR. I also didn't really know if the +5 down move was due to a little bit of luck or if it would have done it in a consistent manner, backtesting is needed here to check the break in the same direction after more than 70-80% of the ADR has already been reached. For my part, I was down a little bit (4pips) and I am still in the trade right now, I almost took the low of the day (minus 4 pips). Props to BillyT, he would have said, no matter where it goes,...
"....simple rules are the best."

Claudia and a couple of others, spotted my lack of simplicity on my charts eons ago and was kind enough to point it out. Now I go with a line break - anything else is simply to focus my old eyes. And simple is best because, if done properly, you know where to get out if you are wrong, before you enter the trade, and where to take a minimum profit to make the effort worthwhile. Having said that I will not be a threat to the liquidity of global markets anytime soon.
I post little here now because I have nothing new to add to the collective wisdom of this thread. But I love to read this thread and to post the odd abusive comment now and again
every Saint has a past. Every Sinner has a Future
  • #56,162
  • Feb 4, 2021 3:43am Feb 4, 2021 3:43am
Quoting turnip15
{quote} "....simple rules are the best." Claudia and a couple of others, spotted my lack of simplicity on my charts eons ago and was kind enough to point it out. Now I go with a line break - anything else is simply to focus my old eyes. And simple is best because, if done properly, you know where to get out if you are wrong, before you enter the trade, and where to take a minimum profit to make the effort worthwhile. Having said that I will not be a threat to the liquidity of global markets anytime soon. I post little here now because...
But you do. You have achieved what many here aspire to - tell your story. Day in day out with determination - we ended up with that one word and you know what it is !
  • #56,163
  • Feb 4, 2021 3:46am Feb 4, 2021 3:46am
Quoting claudia1
{quote} Here's some stats on ADR. Not relevant to a day trader but still interesting https://offbeatforex.com/forex-avera...y-range-table/
Thankyou Claudia... good info.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,164
  • Feb 4, 2021 3:54am Feb 4, 2021 3:54am
Quoting Wizzlebizzle
{quote} Welldone Here I am waiting to hit +5 xD
Took the +5, and a loss on the high break for a -19, and again +5 on the low break.. Loss for the day, but that's ok, part of the plan/strat. Still up for the week.
  • #56,165
  • Feb 4, 2021 4:05am Feb 4, 2021 4:05am
Quoting Wizzlebizzle
{quote} Took the +5, and a loss on the high break for a -19, and again +5 on the low break.. Loss for the day, but that's ok, part of the plan/strat. Still up for the week.
Took +1 of the brea.. butter fingers, I need my new robot.
  • #56,166
  • Feb 4, 2021 4:23am Feb 4, 2021 4:23am
Dax, just over a 100 range today and its going to go, up looks more likely but i will catch it which ever way it goes,
Attached Image
Did yo see cable earlier ,yaaaaaaaaaaaaaaaaaaaaaay right up .. and NO i didnt trade it.
t 12-23
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,167
  • Feb 4, 2021 4:35am Feb 4, 2021 4:35am
Quoting billytt
Dax, just over a 100 range today and its going to go, up looks more likely but i will catch it which ever way it goes, {image} Did yo see cable earlier ,yaaaaaaaaaaaaaaaaaaaaaay right up .. and NO i didnt trade it. t 12-23
I'd love to know how much that button cost to push to make cable do that!
  • #56,168
  • Feb 4, 2021 4:37am Feb 4, 2021 4:37am
Quoting Fagin
{quote} I'd love to know how much that button cost to push to make cable do that!
i know, awesome...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,169
  • Feb 4, 2021 7:07am Feb 4, 2021 7:07am
Quoting billytt
Dax, just over a 100 range today and its going to go, up looks more likely but i will catch it which ever way it goes, {image} Did yo see cable earlier ,yaaaaaaaaaaaaaaaaaaaaaay right up .. and NO i didnt trade it. t 12-23
edit, up it went... slight detour before it did.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,170
  • Feb 4, 2021 7:11am Feb 4, 2021 7:11am
Quoting claudia1
{quote} But you do. You have achieved what many here aspire to - tell your story. Day in day out with determination - we ended up with that one word and you know what it is !
Totally agree, Claudia.
  • #56,171
  • Feb 4, 2021 7:21am Feb 4, 2021 7:21am
Quoting samuel2133
@MichaelG, yes I've had the same thought when I saw that asian session down move and the current ADR. I also didn't really know if the +5 down move was due to a little bit of luck or if it would have done it in a consistent manner, backtesting is needed here to check the break in the same direction after more than 70-80% of the ADR has already been reached. For my part, I was down a little bit (4pips) and I am still in the trade right now, I almost took the low of the day (minus 4 pips). Props to BillyT, he would have said, no matter where it goes,...
Great post and good to see you back here. You put in a power of hard work when we were getting you on track and you should be proud of that.

One point you do make and make it as a negative - getting so far and then not being able to execute exactly as I would - I would actually turn that around and class as a major positive. You learned all you could and then you realised that instead of trying to be me, you needed to become a new you.

This is where so, so many fall down. You must carve your own way. You are a shining example of how to get it right. I won't embarrass others who are now travelling the same path - but they know who they are. You have ALL taken that step necessary for final success and I have absolutely no doubt you will all get there.
  • #56,172
  • Feb 4, 2021 4:12pm Feb 4, 2021 4:12pm
Quoting stu
{quote} Just over halfway there and sitting on a recent weekly high. No sign of it wanting to close the gap with any urgency, so maybe....... we'll see. My GU stopped out at BE soon after the original post...it wasn't ready to comply. {image}
Hello all...trust you are all well. Not able to get any screen time ATM, but just saw this tonight and wanted to post it for closure. It took 4 weeks this time, but we have almost got back to that weekly open....and so it seems to go on.

Attached Image (click to enlarge)
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  • #56,173
  • Feb 4, 2021 4:24pm Feb 4, 2021 4:24pm
Quoting lemercenaire
{quote} Ok, it seems you are a really bad searcher, lol! 'Z-Lines' gives this to get you started: Billy's thread, Post 49,227 and kind of page 2462 in general. Not the post I mentioned above but has the info to get you rolling.
Sorry... haven't been able to keep up with thread the last wee while.

This is the post Wiz....enjoy!

#54,512
  • #56,174
  • Feb 4, 2021 6:55pm Feb 4, 2021 6:55pm
+4 eventually on AJ 2H break.

I didn't like the look of going long after seeing all that rejection off the weekly pivot fib, so my bias was short.

The attraction of the short was also seeing the 100 EMA (sorry Billy) which will SOMETIMES act as a bit of a magnet.
Plus, there was another fib below the range which was also attractive.

I guess that means that I am NOT just trading the "line", but it's hard to forget some of the old, basic stuff I have in my head. Anyway, it worked THIS time lol.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 25.jpg Size: 132 KB
  • #56,175
  • Feb 4, 2021 11:06pm Feb 4, 2021 11:06pm
Quoting MichaelG
+4 eventually on AJ 2H break. I didn't like the look of going long after seeing all that rejection off the weekly pivot fib, so my bias was short. The attraction of the short was also seeing the 100 EMA (sorry Billy) which will SOMETIMES act as a bit of a magnet. Plus, there was another fib below the range which was also attractive. I guess that means that I am NOT just trading the "line", but it's hard to forget some of the old, basic stuff I have in my head. Anyway, it worked THIS time lol. {image}

100 ema, if it helps you GO FOR IT,
It is good you are getting points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,176
  • Feb 4, 2021 11:08pm Feb 4, 2021 11:08pm
Quoting turnip15
{quote} "....simple rules are the best." Claudia and a couple of others, spotted my lack of simplicity on my charts eons ago and was kind enough to point it out. Now I go with a line break - anything else is simply to focus my old eyes. And simple is best because, if done properly, you know where to get out if you are wrong, before you enter the trade, and where to take a minimum profit to make the effort worthwhile. Having said that I will not be a threat to the liquidity of global markets anytime soon. I post little here now because...
Nice post Mr T, with simplicity comes a different type of experience too.
Nice 1 Bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,177
  • Feb 4, 2021 11:12pm Feb 4, 2021 11:12pm
Don't forget NFP tonight Boys and Girls.
  • #56,178
  • Feb 4, 2021 11:22pm Feb 4, 2021 11:22pm
Quoting MichaelG
Don't forget NFP tonight Boys and Girls.

Yes indeed, thanks for the info.
Hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,179
  • Feb 4, 2021 11:44pm Feb 4, 2021 11:44pm
Quoting billytt
{quote} Yes indeed, thanks for the info. Hope you are well.
Yes....Thanks Billy.
It's quite amazing how well you feel after an extraction....if you drink (lots of) beer
Cheers Mate
  • #56,180
  • Feb 4, 2021 11:54pm Feb 4, 2021 11:54pm
Quoting MichaelG
Don't forget NFP tonight Boys and Girls.
ADP Non-Farm is usually a good indicator of where NFP will go.
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