Billytt Die happy trading e/j daily breakout | Page 2812 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,221
  • Feb 8, 2021 9:37am Feb 8, 2021 9:37am
Quoting billytt
dax, chart just copied . t 14-47 i would like if/when it breaks this range to go up, but if it drope, not to worry, just short. lets see. {image}
well it dropped, it went from here.
Attached Image
to here.
Attached Image
piggy bank doesnt bother where the pennies came from long or short. lol
It would be nice to go up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,222
  • Feb 8, 2021 7:33pm Feb 8, 2021 7:33pm
+4 AJ 2H break (thanks Claudia)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 26.jpg Size: 125 KB
  • #56,223
  • Feb 9, 2021 12:42am Feb 9, 2021 12:42am
Quoting MichaelG
+4 AJ 2H break (thanks Claudia) {image}
nice 1 bud, you make it look easy, yaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,224
  • Feb 9, 2021 12:50am Feb 9, 2021 12:50am
Quoting billytt
{quote} nice 1 bud, you make it look easy, yaaaaaaaaaaaaaaaaaaaay
Thanks Billy.

Just grabbed another +4 off the bottom break, so happy days

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 27.jpg Size: 127 KB
  • #56,225
  • Edited 4:09am Feb 9, 2021 2:33am | Edited 4:09am
Morning everyone. Nice +8 already there Michael

Just out of interest and curiosity Billy, price dropped quickish out of the lower billy bar, then stalled for a little bit. Would you have considered scalping out for a few points and hop in again on a retrace? (I am letting it run bit further as per my plan)

green line = low of BB
red line is = my entry

Cheers W
Attached Image
  • #56,226
  • Feb 9, 2021 2:46am Feb 9, 2021 2:46am
Quoting Wizzlebizzle
Morning everyone. Nice +8 already there Michael Just out of interest and curiosity Billy, price dropped quickish out of the lower billy bar, then stalled for a little bit. Would you have considered scalping out for a few points and hop in again on a retrace? (I am letting it run bit further as per my plan) green line = low of BB blue line is = my entry Cheers W {image}
Hi W, nice trade.
1st, we had a break of low and it moved very slowly but it did not retrace back into body.
Ideally and i must say we do not know what is going to happen.
If low broke and moved very slowly so we closed at +3 (example) , it then retraces back into body.
We can now short again, this is how we pick up extra points.
BUT IT CAN FAIL.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,227
  • Feb 9, 2021 2:47am Feb 9, 2021 2:47am
As Wizz posted.
Cable 08-00 low broke for 5 +. niiiiiice.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,228
  • Feb 9, 2021 2:53am Feb 9, 2021 2:53am
Quoting Wizzlebizzle
Morning everyone. Nice +8 already there Michael Just out of interest and curiosity Billy, price dropped quickish out of the lower billy bar, then stalled for a little bit. Would you have considered scalping out for a few points and hop in again on a retrace? (I am letting it run bit further as per my plan) green line = low of BB blue line is = my entry Cheers W {image}
why did you enter long? the BB was never broken north.
trading is like dancing, don't think and just listen to the music!
  • #56,229
  • Feb 9, 2021 2:54am Feb 9, 2021 2:54am
Quoting billytt
Bo and anyone,,, 04-00 break for 5 points. very high odds of getting + 5. frequency distribution time .... every trigger for +5 will get +1 first , sometimes the trade fails but you still get +1. THE BEST BIT NOW, How close to the trigger does the bar get to the trigger (ie doesn't trigger)??? IF it gets to within 1 point it will then trigger, it has big odds of getting to with 2 then trigger. You can get 1 point and it retraces get 1 retrace 1 retrace etc. I find this difficult to explain
Thanks Billy. In the meantime I was trying to find a definition for a fail and retracement and came across this little nugget.

Off to physio now, back in an hour torso.
  • #56,230
  • Feb 9, 2021 4:06am Feb 9, 2021 4:06am
Quoting birdland
{quote} why did you enter long? the BB was never broken north.
Oh whoops I posted the wrong chart. I went short at the green line lol. Thanks for pointing that out
  • #56,231
  • Feb 9, 2021 4:59am Feb 9, 2021 4:59am
Dax, lots of down movement, it would be nice for it to break up.
Attached Image
t 10-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,232
  • Feb 9, 2021 6:48am Feb 9, 2021 6:48am
Quoting billytt
If low broke and moved very slowly so we closed at +3 (example) , it then retraces back into body. We can now short again, this is how we pick up extra points. BUT IT CAN FAIL.
Hi Billy. I would also have 3 specific questions regarding the retrace entries you are doing on the BillyBar.

1) Do you have a pre-defined target plan for these kind of retrace entries? If you say extra points, this can be 500 or just 5 Points again? Or maybe do you make that dependent on what you are seeing in the moment as soon as you entered the retrace trade.

2) Do you have any time based limit/s here? Lets say today it retraced half of the BillyBar range within next M15 candle which was also responsible for the break of the low. So right after. But it could have happened maybe only 30 Minutes, 1 Hour, 2 hours or even much later the day where price would have come back to your entry level. Would you still take the retrace entry maybe happening only much later the day?

3) Speaking of entry level for the retrace trade/s. This is quiet unpredictable? How do you decide where to enter before the retrace comes? Now this is hindsight, today it retraced about 5 Pips, half of the 10 Pips range. So lets say your pre-defined entry level would have been anything up to 5, you would have been filled. But if your entry would have been 1 Pip higher, so 6 instead, you would have missed it out.

regards, have a nice day all.
  • #56,233
  • Feb 9, 2021 7:57am Feb 9, 2021 7:57am
Quoting billytt
Dax, lots of down movement, it would be nice for it to break up. {image}t 10-59
so it went from here.
Attached Image
to here
Attached Image
that 20/30 points.
If you notice, it levelled off at =L.
It wasn't as easy as it looked due to slow movement.
But slow movement helps at times.
t 13-57
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,234
  • Feb 9, 2021 8:02am Feb 9, 2021 8:02am
Quoting lddd
{quote} Hi Billy. I would also have 3 specific questions regarding the retrace entries you are doing on the BillyBar. 1) Do you have a pre-defined target plan for these kind of retrace entries? If you say extra points, this can be 500 or just 5 Points again? Or maybe do you make that dependent on what you are seeing in the moment as soon as you entered the retrace trade. 2) Do you have any time based limit/s here? Lets say today it retraced half of the BillyBar range within next M15 candle which was also responsible for the break of the low. So...
I think Lem has a name for these retrace trades.
When i trade the retrace, it is more hit and miss or how i feel. i do not have stats .

Example, if low breaks and we are looking for 5 after spread etc, if it makes 3 we close trade and luckily it retraces back into trigger body, we can short again .
If the trade is good we will make 3 plus the retrace trade.
i did post this in 45742 but i am surprised i used that as an example as the trade actually made 5 in the first move.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,235
  • Feb 9, 2021 8:22am Feb 9, 2021 8:22am
Strange day on GU today. Looks like consolidation before another move higher.
  • #56,236
  • Feb 9, 2021 8:27am Feb 9, 2021 8:27am
Quoting ia1979
Strange day on GU today. Looks like consolidation before another move higher.

Hi Ia, hope you are well.
i think USA are going to release news regarding the hopeful recovery and some reports are that the dollar is going to be smashed.
Only saying, give me a trigger band ill trade it. lol
up looks good though, but i dont really know.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,237
  • Feb 9, 2021 8:32am Feb 9, 2021 8:32am
Quoting ia1979
Strange day on GU today. Looks like consolidation before another move higher.

also, so far today the range is 47, the last time 47 was the dr was 17th August 2020 but we did have a 50 on the 20th Novemebr.
we still have plenty of time today . 69 yesterday, lol magic 70
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,238
  • Feb 9, 2021 8:36am Feb 9, 2021 8:36am
Quoting ia1979
Strange day on GU today. Looks like consolidation before another move higher.

omg, witch? cable just jumped up a tad, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,239
  • Feb 9, 2021 8:53am Feb 9, 2021 8:53am
Quoting billytt
{quote} omg, witch? cable just jumped up a tad, lol
Lol. Hope you are well too Billy. Price wants to get to 1.38. Let's see if that happens in the next hour or so.

Don't like it when big moves happen in the Asian session, like today. Takes the fun out of breakout trading during the London session
  • #56,240
  • Feb 9, 2021 8:57am Feb 9, 2021 8:57am
Quoting ia1979
{quote} Lol. Hope you are well too Billy. Price wants to get to 1.38. Let's see if that happens in the next hour or so. Don't like it when big moves happen in the Asian session, like today. Takes the fun out of breakout trading during the London session
i have only traded Cable 08-00 break, and a slight battering of dax,lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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