Billytt Die happy trading e/j daily breakout | Page 2827 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,521
  • Feb 19, 2021 2:27am Feb 19, 2021 2:27am
Quoting claudia1
{quote} Lou Reed wrote it but this is a great version https://www.youtube.com/watch?v=fMGDOzg9Cbg
yaaaaaaaaaaaaaaaay, i have looked after hetfield out of Metallica, i love that band tooo.
I was almost star struck lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,522
  • Feb 19, 2021 2:29am Feb 19, 2021 2:29am
I think discretionary forex traders will like this
Inserted Video
  • #56,523
  • Feb 19, 2021 2:33am Feb 19, 2021 2:33am
Quoting turnip15
{quote} I look at 8am to 10 -ish for the morning and 1430 to 1630 for the dax on the USA session. My main reason for posting was to comment that your "Billy Bar" ( if I have down it correctly) has passed a few coins your way {image}
i have looked at scalping off the 1 minute bar years ago, but i cannot remember why i actually went for the 5 minute scalp.
I must of had a good reason though.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,524
  • Feb 19, 2021 2:34am Feb 19, 2021 2:34am
Quoting hir0406
I think discretionary forex traders will like this https://youtu.be/ByLIzn0v3Gw

i I DON'T THINK SO BUD.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,525
  • Feb 19, 2021 2:47am Feb 19, 2021 2:47am
Quoting Wizzlebizzle
Morning everyone I am curious how you guys (and gals) would handle a day like today with a fair amount of red and orange news lined for the morning? I'll be staying out for now either way as I'm not feeling a hundy.
7.00 am was worse than expected but kept going up. Has to test 1.4 from here.

Next news 9.30 - I take the 15 minute bar and place orders either side around 5 minutes before the news release.
  • #56,526
  • Feb 19, 2021 2:54am Feb 19, 2021 2:54am
Quoting claudia1
{quote} 7.00 am was worse than expected but kept going up. Has to test 1.4 from here. Next news 9.30 - I take the 15 minute bar and place orders either side around 5 minutes before the news release.

actually W, i forgot this approach by putting a line either side of an area.
I do not actually do this myself but it is good.
without contradicting myself , i do do something similar sometimes times.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,527
  • Feb 19, 2021 2:59am Feb 19, 2021 2:59am
Hi W, anyone.
chart shows 08-00 break, price broke low then hit the 00-00 high line HT
1= 08-00 bar.
2 = low break.
even though the + 5 was made with spread etc, it soon retraced back up =3
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,528
  • Feb 19, 2021 3:07am Feb 19, 2021 3:07am
Quoting claudia1
{quote} 7.00 am was worse than expected but kept going up. Has to test 1.4 from here. Next news 9.30 - I take the 15 minute bar and place orders either side around 5 minutes before the news release.
Interesting, is that a specific news release strategy you employ?
  • #56,529
  • Feb 19, 2021 3:09am Feb 19, 2021 3:09am
Quoting billytt
Hi W, anyone. chart shows 08-00 break, price broke low then hit the 00-00 high line HT 1= 08-00 bar. 2 = low break. even though the + 5 was made with spread etc, it soon retraced back up =3 {image}
Yep looks like you had your +5 . I followed it live, though I didn't trade it. I see it has been meandering around the R3 pivot for a while there too.
  • #56,530
  • Feb 19, 2021 3:10am Feb 19, 2021 3:10am
Quoting Wizzlebizzle
{quote} Interesting, is that a specific news release strategy you employ?
Any red news on G/U. Also U/C can be interesting at 13.30 now and again - oil related.

Just a simple break out system/strategy. Got an ea somewhere.
  • #56,531
  • Feb 19, 2021 3:13am Feb 19, 2021 3:13am
Quoting Wizzlebizzle
{quote} Yep looks like you had your +5 . I followed it live, though I didn't trade it. I see it has been meandering around the R3 pivot for a while there too.
sometimes, and i am being careful how i say this.
If you start looking at other things you might miss trades.
trading is contradictory, ie we have breakout and retrace traders.
#look yesterday, we had a 50 number where a lot of people would of shorted as in retrace trade, but look what happened , it broke through and kept going.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,532
  • Feb 19, 2021 3:17am Feb 19, 2021 3:17am
Quoting billytt
{quote} sometimes, and i am being careful how i say this. If you start looking at other things you might miss trades. trading is contradictory, ie we have breakout and retrace traders. #look yesterday, we had a 50 number where a lot of people would of shorted as in retrace trade, but look what happened , it broke through and kept going.
Yes true. I see what you mean.
Never really had a proper look at pivot points before until this week. Been looking at using them as a way to fix other trades. Backtest results are positive so far.
  • #56,533
  • Feb 19, 2021 3:17am Feb 19, 2021 3:17am
Quoting billytt
{quote} sometimes, and i am being careful how i say this. If you start looking at other things you might miss trades. trading is contradictory, ie we have breakout and retrace traders. #look yesterday, we had a 50 number where a lot of people would of shorted as in retrace trade, but look what happened , it broke through and kept going.
Was a previous resistance as you mentioned. But back to Boris and it looks like he's being forced to ease lock down. Budget and elections looming he's looking after his back. House of commons bar still open.
  • #56,534
  • Feb 19, 2021 3:17am Feb 19, 2021 3:17am
Quoting claudia1
{quote} Any red news on G/U. Also U/C can be interesting at 13.30 now and again - oil related. Just a simple break out system/strategy. Got an ea somewhere.
Ah great. I shall have a look into it Thank you for sharing
  • #56,535
  • Feb 19, 2021 3:20am Feb 19, 2021 3:20am
Quoting Wizzlebizzle
{quote} Ah great. I shall have a look into it Thank you for sharing
You're welcome. I'll post the ea if I can find it. Easy enough to place orders on mt4 then adjust them as the time gets close.
  • #56,536
  • Feb 19, 2021 3:26am Feb 19, 2021 3:26am
Quoting claudia1
{quote} Was a previous resistance as you mentioned. But back to Boris and it looks like he's being forced to ease lock down. Budget and elections looming he's looking after his back. House of commons bar still open.
Hi Claudia, erm erm i did say i was being careful.
My post was nothing to do with your post speaking of a 50.
that resistance was seen back in 2016 , it was valid BUT you know how i trade stats etc.
My post was showing how we have retrace and breakout traders, that shows the contradictions.
yaaaaaaaaaaaaaaaaaaaay, trade well. IT's FRIIIIIIIIIIIIIIIIIIIIIIIIIIII DAYYYYYYYYYYYYYYYYYYY
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,537
  • Feb 19, 2021 3:27am Feb 19, 2021 3:27am
Quoting claudia1
{quote} Was a previous resistance as you mentioned. But back to Boris and it looks like he's being forced to ease lock down. Budget and elections looming he's looking after his back. House of commons bar still open.
The cheapest bars in London are in Parliament, fact.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,538
  • Feb 19, 2021 3:30am Feb 19, 2021 3:30am
Quoting billytt
{quote} The cheapest bars in London are in Parliament, fact.
I know. Local MP is a neighbour (one of his houses). Been in the news quite a bit serves him right.
  • #56,539
  • Feb 19, 2021 3:34am Feb 19, 2021 3:34am
Quoting claudia1
{quote} You're welcome. I'll post the ea if I can find it. Easy enough to place orders on mt4 then adjust them as the time gets close.
Much appreciated : )
  • #56,540
  • Feb 19, 2021 3:44am Feb 19, 2021 3:44am
Quoting Wizzlebizzle
{quote} Much appreciated : )
Did you ever read FXH's thread - he's long gone now but if you interested in break outs on the 15 min worth a read. Billy, Lem and Swingtrade will remember.
https://www.forexfactory.com/thread/...arters-request
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