Billytt Die happy trading e/j daily breakout | Page 2828 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,541
  • Feb 19, 2021 4:23am Feb 19, 2021 4:23am
Had a bit of fun there...

Swapping charts over and a wee opportunity presented, so I took it and bagged +3.5 off simple Kijun-sen bounce...

USTec +3.5

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Then, just as I closed it, Friday happened...

Well, that looks nasty but I had already bagged - so what it was in fact, was another opportunity. This time...SPIKE-HUNT!!!

USTec +11

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Right place, right time.

I'm really only playing at this today, as it is Friday after all!!!
  • #56,542
  • Feb 19, 2021 4:29am Feb 19, 2021 4:29am
Quoting lemercenaire
Had a bit of fun there... Swapping charts over and a wee opportunity presented, so I took it and bagged +3.5 off simple Kijun-sen bounce... USTec +3.5 {image} Then, just as I closed it, Friday happened... Well, that looks nasty but I had already bagged - so what it was in fact, was another opportunity. This time...SPIKE-HUNT!!! USTec +11 {image} Right place, right time. I'm really only playing at this today, as it is Friday after all!!! ...
Try Lingfield 14.00 a two horse race.
  • #56,543
  • Feb 19, 2021 4:53am Feb 19, 2021 4:53am
Quoting claudia1
{quote} 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
Oh no, I have not. Some weekend reading to do then, thanks again Claudia
  • #56,544
  • Edited 5:30am Feb 19, 2021 5:12am | Edited 5:30am
Quoting Wizzlebizzle
{quote} Oh no, I have not. Some weekend reading to do then, thanks again Claudia
Just read the first few posts.

Basically he looks for consolidation zones on the 15 min bar. Add a buffer and orders either side. The longer the consolidation period of say 20 pip range then the higher probability of a break. Hope that makes sense should save a lot of reading !

There's an ea on the first post. If it works on latest mt4 build ??
  • #56,545
  • Feb 19, 2021 5:17am Feb 19, 2021 5:17am
Quoting claudia1
{quote} Just read the first few posts. Basically he looks for consolidation zones on the 15 min bar. Add a buffer and orders either side. The longer the consolidation period of say 20 pip range then the higher probability of a break. Hope that makes sense should save a lot of reading ! There's an ea on the thread somewhere.

i posted something similar a couple of weeks ago.
we have approx 80% of consolidation /whip per day, and when we put this alongside the daily range, we have something to play with.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,546
  • Feb 19, 2021 6:08am Feb 19, 2021 6:08am
Not traded today. I wish you all a great weekend. Stay healthy (and wealthy...)

Attached Image
  • #56,547
  • Feb 19, 2021 6:18am Feb 19, 2021 6:18am
Quoting lddd
Not traded today. I wish you all a great weekend. Stay healthy (and wealthy...) {image}
How did you obtain that video of Claudia????
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,548
  • Feb 19, 2021 6:20am Feb 19, 2021 6:20am
Quoting billytt
{quote} How did you obtain that video of Claudia????
I sent it lol
  • #56,549
  • Feb 19, 2021 6:26am Feb 19, 2021 6:26am
Quoting claudia1
{quote} I sent it lol
yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,550
  • Feb 19, 2021 6:28am Feb 19, 2021 6:28am
Quoting billytt
{quote} yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
Didn't really looks a bit posh for me. Where's Lem hiding ?
  • #56,551
  • Feb 19, 2021 6:53am Feb 19, 2021 6:53am
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.
Others here, who are more experienced than I, may have their own thoughts.
But,I tend to look at levels drawn prior to 8am ( Uk morning) and watch price action after open. Today huge bars were thrashing around in a wide channel until about 8;45am. I sit and wait until the gyrations slacken off and wait for a reaction. price had suddenly left the wide consolidation of wide bars and dropped over several bars to bounce around (small long tailed bars) 13895 (ish). I enter around 13908 - those bars cleared 13900 (nice round numbers favoured by Dax). On the way up or down my prior levels help as a guide to possible areas of interest requiring more attention from me. I said attention not action. Big bars with little bars cuddling up inside same are always worth watching for price continuing or reversing from such minor consolidations.
I suppose I am trying to say that I have mapped out where I think price may react with a modicum of ordered calm and to avoid chaos thus putting odds more in my favour. More importantly I already know where my trade will go wrong (my get out zone).
You will see that Claudia, Billy and Lem etc have similar maps or lines to guide their thinking. They certainly have a clear idea of where to get out when things go wrong before they have placed their trades. And they don't keep changing their approach every time the wind changes direction. There are several approaches to trading as shown by various posters ( exclude me since I am a hobby or small change trader) but don't think you can pick one and gain the keys to your own nirvana - adapt it to your own personality. So -Pick your approach and stick to it. here endeth the lesson ( which will be ignored by many anyway)
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every Saint has a past. Every Sinner has a Future
  • #56,552
  • Feb 19, 2021 7:00am Feb 19, 2021 7:00am
Quoting turnip15
{quote} Others here, who are more experienced than I, may have their own thoughts. But,I tend to look at levels drawn prior to 8am ( Uk morning) and watch price action after open. Today huge bars were thrashing around in a wide channel until about 8;45am. I sit and wait until the gyrations slacken off and wait for a reaction. price had suddenly left the wide consolidation of wide bars and dropped over several bars to bounce around (small long tailed bars) 13895 (ish). I enter around 13908 - those bars cleared 13900 (nice round numbers favoured by...

Awesome Post Mr T. join the Club.
i like the gyration bit

edit, i like/love all the post .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,553
  • Feb 19, 2021 7:04am Feb 19, 2021 7:04am
Quoting turnip15
{quote} Others here, who are more experienced than I, may have their own thoughts. But,I tend to look at levels drawn prior to 8am ( Uk morning) and watch price action after open. Today huge bars were thrashing around in a wide channel until about 8;45am. I sit and wait until the gyrations slacken off and wait for a reaction. price had suddenly left the wide consolidation of wide bars and dropped over several bars to bounce around (small long tailed bars) 13895 (ish). I enter around 13908 - those bars cleared 13900 (nice round numbers favoured by...
Good post. Important thing is you have a plan.
  • #56,554
  • Feb 19, 2021 7:11am Feb 19, 2021 7:11am
t 13-10
i take stats for the US open and the 15 minute bar, quite often the first break fails.
Just saying, this might just be the Friday crazy trade providing high breaks first.t
13-11
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,555
  • Feb 19, 2021 7:20am Feb 19, 2021 7:20am
Quoting stu
{quote} Just playing around with something else in my head.... (It's a strange place to be)....and wondering, even if it does drop a bit, if it's actually heading for 14020..... we'll see I guess!
And there it goes... another weekly and monthly open reverted to.... I'm not calling targets, but just observing this phenomenon at the moment to see what I can learn.

....may be back around Christmas!!. ttyl
  • #56,556
  • Feb 19, 2021 7:46am Feb 19, 2021 7:46am
Quoting claudia1
{quote} Just read the first few posts. Basically he looks for consolidation zones on the 15 min bar. Add a buffer and orders either side. The longer the consolidation period of say 20 pip range then the higher probability of a break. Hope that makes sense should save a lot of reading ! There's an ea on the first post. If it works on latest mt4 build ??
This is interesting, thanks for posting. I was looking for something to handle a 1 hour wick zone trade with counters, it's a slight tangent to this but got me thinking (which my old lady always warns me about..!)
  • #56,557
  • Feb 19, 2021 8:44am Feb 19, 2021 8:44am
Quoting turnip15
{quote} Others here, who are more experienced than I, may have their own thoughts. But,I tend to look at levels drawn prior to 8am ( Uk morning) and watch price action after open. Today huge bars were thrashing around in a wide channel until about 8;45am. I sit and wait until the gyrations slacken off and wait for a reaction. price had suddenly left the wide consolidation of wide bars and dropped over several bars to bounce around (small long tailed bars) 13895 (ish). I enter around 13908 - those bars cleared 13900 (nice round numbers favoured by...
Hi Turnip, thank you for this detailed reply. There are some nice little nuggets in there, (hobby trader or not)

I fully agree in adapting it to your own personality. Always open for input and ideas though
  • #56,558
  • Feb 19, 2021 10:12am Feb 19, 2021 10:12am
Bored and back for a small play...

USTec +0.7 +3.1 +6.1

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  • #56,559
  • Feb 19, 2021 10:28am Feb 19, 2021 10:28am
I'll get us started, Claudia...

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  • #56,560
  • Feb 19, 2021 11:10am Feb 19, 2021 11:10am
Missed the early move(s) I was waiting on but nipped in for this...

USTec +7.2

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