Billytt Die happy trading e/j daily breakout | Page 2837 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #56,721
  • Feb 25, 2021 11:41am Feb 25, 2021 11:41am
Nice drop after touched the low of the 00-04 range for the third time.
Attached Image (click to enlarge)
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  • #56,722
  • Feb 25, 2021 6:44pm Feb 25, 2021 6:44pm
Greetings All.
Haven't posted for a while, but still loitering (with intent lol).

Nice start to the day with +4 off the AJ 2H break. I also had a small trailer on which gave me +25. I don't do that very often but might start doing it a bit more regularly after that.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 28.jpg Size: 151 KB
  • #56,723
  • Feb 26, 2021 12:38am Feb 26, 2021 12:38am
Quoting MichaelG
Greetings All. Haven't posted for a while, but still loitering (with intent lol). Nice start to the day with +4 off the AJ 2H break. I also had a small trailer on which gave me +25. I don't do that very often but might start doing it a bit more regularly after that. {image}
Hi M, i hope you are well.
A nice start for you.
It is good to see cable acting like it normally does.

edit, i know you chart is a/j but that was good to see as well. lol
Trade well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,724
  • Feb 26, 2021 1:13am Feb 26, 2021 1:13am
What a jolly good drop with DAX yesterday and today.
i had finished playing with it yesterday for approx 16-00 and it still dropped.
Lots of good line/breaks.

i am trading it again after breakfast , i will probably feel better if it went up.
Lets see.
Plus my 08-00 cable break, that will be on.
t 07-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,725
  • Feb 26, 2021 2:33am Feb 26, 2021 2:33am
Cable 08-00 break. high broke for +5%, quite a big range but it might hit the 00-00 low and bounce back down.
maybe,maybe not lol. i am finished.
am playing with dax again.
yaaaaaaaaaaaaaaaaaaaaaaaaaaaay.
t 08-33
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,726
  • Feb 26, 2021 3:01am Feb 26, 2021 3:01am
Morning. I took the BillyBar a bit late today as i first had my doubts. I probably should have stayed out at all.

I also made back my loss from Monday with 3 short trades on Cable (all won) during yesterday's NY session.

So including today i am still ending my week positive for at least worth a good bottle of wine.

So Cheers! (I know it`s still a bit early the day).

Good weekend to all.


Attached Image
  • #56,727
  • Feb 26, 2021 3:02am Feb 26, 2021 3:02am
Whizz,
Cable 08-00 break AND the RETRACE TRADE.
Chart shows 5 minute chart so the first 3 bars =15 minutes.
Range was 35.
High broke by =1 .
It then dropped and next bar =2 dropped.
The high was 13936 and bar =2 dropped to 13922.
Anytime this retrace happens we can long,
WE DO NOT KNOW HOW FAR THE RETRACE WILL GO.
this is good if you just happen to open a chart and see it.
IT CAN AND DOES FAIL.
this can be used a first choice trade method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,728
  • Feb 26, 2021 3:02am Feb 26, 2021 3:02am
nice market today, i think we might see the 1.4000 today.
trading is like dancing, don't think and just listen to the music!
  • #56,729
  • Feb 26, 2021 3:09am Feb 26, 2021 3:09am
Quoting billytt
Whizz, Cable 08-00 break AND the RETRACE TRADE. Chart shows 5 minute chart so the first 3 bars =15 minutes. Range was 35. High broke by =1 . It then dropped and next bar =2 dropped. The high was 13936 and bar =2 dropped to 13922. Anytime this retrace happens we can long, WE DO NOT KNOW HOW FAR THE RETRACE WILL GO. this is good if you just happen to open a chart and see it. IT CAN AND DOES FAIL. this can be used a first choice trade method.
Hi Billy,

Thanks that was exactly what I was talking about earlier. My question is if there are any hints/ideas as to when to enter on a retrace like that? i.e. enter when it is down by say 5 points from the top or x% of the range.

W.
  • #56,730
  • Feb 26, 2021 3:11am Feb 26, 2021 3:11am
Whiz,
chart just copied
A/U 15 bar.
The 00-00 low was broken =1.
It retraced back up =2. we could short on this move up.
It then dropped =3 to make points.
It then retraced back up =4, again we can short.
Attached Image
Lets see what happens, it might fail, it might not. We are already in the ££££
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,731
  • Feb 26, 2021 3:12am Feb 26, 2021 3:12am
Quoting turnip15
{quote} Well it did William {image}
Yes it did Mr T, i was long , long after brekkie.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,732
  • Feb 26, 2021 3:13am Feb 26, 2021 3:13am
Quoting birdland
nice market today, i think we might see the 1.4000 today.
I see it a bit different. I think we are more likely obsolete for a reversal.

Take a look at the weekly chart back for the last 9 years.

Last time we closed for 7 bull bars green was 2012 i think. We already had 6 weekly bull bars in a row closing green now, last week was strong. The bulls had their fun running up until 1.4. Its over.

I am just kidding, i have no freaking clue.
  • #56,733
  • Feb 26, 2021 3:15am Feb 26, 2021 3:15am
Quoting Wizzlebizzle
{quote} Hi Billy, Thanks that was exactly what I was talking about earlier. My question is if there are any hints/ideas as to when to enter on a retrace like that? i.e. enter when it is down by say 5 points from the top or x% of the range. W.
I will just enter, like i posted.
We have no idea how far the retrace will move, that is why it is good to just open a chart and see a trade.
I do know some people like to enter off a fib line, or a specific number, i dont.

As is the daily range being important.
These retrace trades are good as if you enter one and it then goes your way, you can add on, compound etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,734
  • Feb 26, 2021 3:16am Feb 26, 2021 3:16am
[quote=lddd;13428799]{quote} I see it a bit different. I think we are more likely obsolete for a reversal. Take a look at the weekly chart back for the last 9 years. Last time we closed for 7 bull bars green was 2012 i think. We already had 6 weekly bull bars in a row closing green now, last week was strong. The bulls had their fun running up until 1.4. Its over. I am just kidding, i have no freaking clue. [/quo
IF YOU HAVE A LINE TRADE IT, WATCH THE DAILY RANGE...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,735
  • Feb 26, 2021 3:17am Feb 26, 2021 3:17am
Quoting billytt
Whiz, chart just copied A/U 15 bar. The 00-00 low was broken =1. It retraced back up =2. we could short on this move up. It then dropped =3 to make points. It then retraced back up =4, again we can short. {image} Lets see what happens, it might fail, it might not. We are already in the ££££
Roger, and you would only look to short because your bias is still short due to the low of the 0-4 being broken I assume ?
  • #56,736
  • Feb 26, 2021 3:19am Feb 26, 2021 3:19am
Quoting billytt
{quote} I will just enter, like i posted. We have no idea how far the retrace will move, that is why it is good to just open a chart and see a trade. I do know some people like to enter off a fib line, or a specific number, i dont. As is the daily range being important. These retrace trades are good as if you enter one and it then goes your way, you can add on, compound etc
Got it Thank you again
  • #56,737
  • Feb 26, 2021 3:19am Feb 26, 2021 3:19am
Quoting Wizzlebizzle
{quote} Roger, and you would only look to short because your bias is still short due to the low of the 0-4 being broken I assume ?
YES.
NOW THE TRICKY BIT.
If my 00-00 bias is short, i will still long 08-00 if high breaks, EVEN IF IT IS INSIDE THE 00-00 RANGE.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,738
  • Feb 26, 2021 3:23am Feb 26, 2021 3:23am
Just look at some other charts,
Look at the 00-00 4 hour range,
Look at break and retrace if it happens.
ALSO, SEE THE FAILS.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,739
  • Feb 26, 2021 3:25am Feb 26, 2021 3:25am
Quoting billytt
Just look at some other charts, Look at the 00-00 4 hour range, Look at break and retrace if it happens. ALSO, SEE THE FAILS.

Look at e/u right now time 09-25

watch cable too,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56,740
  • Feb 26, 2021 3:28am Feb 26, 2021 3:28am
Quoting billytt
{quote} Look at e/u right now time 09-25 watch cable too,
watching.

Long cable atm
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