Billytt Die happy trading e/j daily breakout | Page 2868 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,341
  • Mar 30, 2021 9:58am Mar 30, 2021 9:58am
Quoting claudia1
{quote} Was a tough day on cable ended up +20 on break of the 50 but some nasty drawdown on the way. Enough for the day.
Bit of a toughie today, had to turn my counters on and will pull back -1 % currently running.. might hold em till tomorrow..
  • #57,342
  • Mar 30, 2021 10:12am Mar 30, 2021 10:12am
Quoting Fagin
{quote} Bit of a toughie today, had to turn my counters on and will pull back -1 % currently running.. might hold em till tomorrow..
Be careful - we got GBP news at 7.00 am add to that it's last day of month/quarter. Good luck which ever road you take.
  • #57,343
  • Mar 30, 2021 10:31am Mar 30, 2021 10:31am
Quoting claudia1
{quote} Be careful - we got GBP news at 7.00 am add to that it's last day of month/quarter. Good luck which ever road you take.
Thanks Claudia, currently hedged -17 until another move. Think I'm done for now.

Have a good evening all! (I'm sure it's Friday isn't it?! )
  • #57,344
  • Mar 30, 2021 10:53am Mar 30, 2021 10:53am
Quoting lemercenaire
{quote} Still at it... {image}
Got caught out with some crazy sheeeeeeet on the Dow Jones. Whipping like hell. I think I might just call it a day while I'm still ahead.
  • #57,345
  • Mar 30, 2021 11:13am Mar 30, 2021 11:13am
Quoting turnip15
{quote} No -Just the usual. {image}
Yaaaaaaaaaaaay that's me,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,346
  • Mar 30, 2021 11:20am Mar 30, 2021 11:20am
Back,
what a lovely day.
I hope you have all been catching pips/£££/$$$

Not much movement in cable .
i must admit to putting a short on cable around 11-30am via my mobile.
It was more opportunist lol.
Reason being ,the00-00 high had had a high fail,,,,low fail,,,high fail and when i looked the low was broken again blah blah.
Happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,347
  • Mar 30, 2021 11:51am Mar 30, 2021 11:51am
Quoting billytt
Back, what a lovely day. I hope you have all been catching pips/£££/$$$ Not much movement in cable . i must admit to putting a short on cable around 11-30am via my mobile. It was more opportunist lol. Reason being ,the00-00 high had had a high fail,,,,low fail,,,high fail and when i looked the low was broken again blah blah. Happy days
What is 00-00, so 24 hours, the daily range?
  • #57,348
  • Mar 30, 2021 12:01pm Mar 30, 2021 12:01pm
Quoting lemercenaire
{quote} Ah...closing below (or above) ''something'' is a Mighty Zone. Mighty One's teachings and concepts are all tied into each other but for this, in a kind-of-nutshell, you are looking at how that Zone is full of Opens and Wicks and all things sugar-and-spice. These are areas that perform a similar function to Z-Lines but in a wider zone, rather than line. My variant of that would perhaps be said to be the area I set up that forms between a Z-Line and say, the 23.6 fib-level. As Claudia says, feel free to ask away. It's all good.
Yes that's indeed what I am looking at. He has some very interesting insights. "Any line that closes within that area (Mighty Zone)" is what his definition of a Zline is if I am not mistaken.

I think I see what you are doing on your USTEC charts, just trying to find the charts on my brokers platform to have a closer look. I'll have a look at the fib suggestion, thanks for the idea.

Would/could you say in principle it makes sense how I am looking at the zones/lines as I presented them above? It has been working nicely for me these past few weeks, though wouldn't mind a just a bit of encouragement from someone with more experience to make sure I am actually on the right track with it.

I have a hunch that as long as you are on the right side of momo you will have a head start either way.

Thanks again, Wizz
  • #57,349
  • Mar 30, 2021 12:38pm Mar 30, 2021 12:38pm
Quoting lddd
{quote} What is 00-00, so 24 hours, the daily range?

00-00 is uk midnight.
00-00 4 hour bar ,,,is 00-00 to 04-00am.
It closes 4 hours before UK open.

I use this bar a lot when i am chasing the daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,350
  • Mar 30, 2021 1:31pm Mar 30, 2021 1:31pm
Quoting Wizzlebizzle
{quote} Yes that's indeed what I am looking at. He has some very interesting insights. "Any line that closes within that area (Mighty Zone)" is what his definition of a Zline is if I am not mistaken. I think I see what you are doing on your USTEC charts, just trying to find the charts on my brokers platform to have a closer look. I'll have a look at the fib suggestion, thanks for the idea. Would/could you say in principle it makes sense how I am looking at the zones/lines as I presented them above? It has been working nicely for me these past few...
Yes, you are well on your way in the right direction.

I personally decided to pare things down to their basics, hence I concentrate on the MOMO over pointy places variant of Z-Line, with a dash of Mighty Zone for spice.

Bear in mind, that Mighty Zones at their simplest are simply a kind of area of contraction, with the focus on opens.

MOMO rules all. Scalpers especially, cannot live without the energy and oxygen provided.
  • #57,351
  • Mar 30, 2021 1:39pm Mar 30, 2021 1:39pm
Quoting lemercenaire
{quote} Yes, you are well on your way in the right direction. I personally decided to pare things down to their basics, hence I concentrate on the MOMO over pointy places variant of Z-Line, with a dash of Mighty Zone for spice. Bear in mind, that Mighty Zones at their simplest are simply a kind of area of contraction, with the focus on opens. MOMO rules all. Scalpers especially, cannot live without the energy and oxygen provided.
Awesome, thank you, that's good to hear. Hard work is starting to pay off.

I'll have a look at your fib suggestion now.

Have a good evening
  • #57,352
  • Mar 30, 2021 3:40pm Mar 30, 2021 3:40pm
Quoting billytt
{quote} 00-00 is uk midnight. 00-00 4 hour bar ,,,is 00-00 to 04-00am. It closes 4 hours before UK open. I use this bar a lot when i am chasing the daily range.
Thanks Billy. If you say chasing the daily range, are the actual entry triggers the break points of that range? So same as with the BillyBar. So you then would enter long if price is touching the high, short if touching the low?

Lets say the range has already been broken/touched at the high or low while you were not available somewhere early in the morning. Would you then also still enter on it so going long every time it touches the high or going short every time it touches the low for a second, third.. time if you haven't taken the trade at the first break, or is it more like taking the first break high or low otherwise if missing it leaving out the trade for the rest of the day?

best regards.
  • #57,353
  • Mar 30, 2021 10:36pm Mar 30, 2021 10:36pm
Quoting turnip15
{quote} No -Just the usual. {image}
I KNEW IT!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #57,354
  • Mar 31, 2021 1:59am Mar 31, 2021 1:59am
Hi all, t 07-58

Just waiting for cable to open.
I would like it to drop after 08-15 lol.
Lets see.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #57,355
  • Mar 31, 2021 6:16am Mar 31, 2021 6:16am
1H Zline trade + 1h Mighty Zone. Entry on 1m (naughty I know) and confirmation on 5m. Still in it for now with a higher profit target.

Attached Image (click to enlarge)
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  • #57,356
  • Mar 31, 2021 6:22am Mar 31, 2021 6:22am
Quoting Wizzlebizzle
1H Zline trade + 1h Mighty Zone. Entry on 1m (naughty I know) and confirmation on 5m. Still in it for now with a higher profit target. {image}
out for +5
  • #57,357
  • Mar 31, 2021 7:35am Mar 31, 2021 7:35am
BillyBar gave a double fail by the end of the month again. Luckily i left it out
  • #57,358
  • Mar 31, 2021 8:02am Mar 31, 2021 8:02am
Quoting lddd
BillyBar gave a double fail by the end of the month again. Luckily i left it out
Good day on ftse on ntbb
Attached Image (click to enlarge)
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  • #57,359
  • Mar 31, 2021 8:16am Mar 31, 2021 8:16am
Quoting claudia1
{quote} Good day on ftse on ntbb {image}
yes, but with GU there are a lot of fake breakouts today.

alone 4 today (2 long/2 shorts) on both sides:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #57,360
  • Mar 31, 2021 8:32am Mar 31, 2021 8:32am
Quoting birdland
{quote} yes, but with GU there are a lot of fake breakouts today. alone 4 today (2 long/2 shorts) on both sides: {image}
Maybe last day of the month is one more day i should stay in the bed, not sure if there is a statistical evidence that these days are more prone to whip as not.

But right now i am getting slaughtered on GU. And i do not look at other things, trade other things.

I went in several times now with smaller lots and price instantly went against me because i felt like i have to make some points after missing out the BillyBar setup this morning again. I am currently -20 for today. If this would have been at my regular trade size i would be more than pissed right now.

Edit, and another -10. I am off, cheers.
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