Billytt Die happy trading e/j daily breakout | Page 2883 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #57,641
  • Apr 11, 2021 1:15pm Apr 11, 2021 1:15pm
Quoting turnip15
Difficulty sleeping ? - listen to the monotone drone of this presenter and sleep will come. https://www.youtube.com/watch?v=gOEDwTe4JuE
I love how we begin with "selling the low of the bar", with zero regard for the obvious Z-Line... the play that inevitably follows, lol.
  • #57,642
  • Apr 11, 2021 11:26pm Apr 11, 2021 11:26pm
good morning,

here is an example of how i traded the 00-00 4h break today for a quick +16 scalp:

1) break of the 4h range
2) h1 closed bullish inside the range (blue arrow)

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3) H4 has a clear support level
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4) waiting for the price to touch the "line in the sand" 4h range and buy
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trading is like dancing, don't think and just listen to the music!
  • #57,643
  • Apr 11, 2021 11:50pm Apr 11, 2021 11:50pm
Quoting turnip15
Difficulty sleeping ? - listen to the monotone drone of this presenter and sleep will come. https://www.youtube.com/watch?v=gOEDwTe4JuE
Try reading his books lol. Aside from the monotony, I still can't really figure out if his stuff is good or not.
  • #57,644
  • Apr 12, 2021 12:55am Apr 12, 2021 12:55am
Quoting Wizzlebizzle
{quote} Try reading his books lol. Aside from the monotony, I still can't really figure out if his stuff is good or not.
That's a major problem reported in many threads that refer to his books etc. He doesn't have a voice that is suited to public speaking , teaching etc. From what I gather it is price action that he refers to. Such as that shown on Billies thread, only with more enthusiasm and audience involvement- and it's free.
every Saint has a past. Every Sinner has a Future
  • #57,645
  • Apr 12, 2021 1:04am Apr 12, 2021 1:04am
Quoting turnip15
{quote} That's a major problem reported in many threads that refer to his books etc. He doesn't have a voice that is suited to public speaking , teaching etc. From what I gather it is price action that he refers to. Such as that shown on Billies thread, only with more enthusiasm and audience involvement- and it's free.
Haha, that made me chuckle. I have waded through his books (I was "stuck" in the Sahara for 5 weeks), picked up a few useful things. I prefer you guys (and gals) too
  • #57,646
  • Apr 12, 2021 1:11am Apr 12, 2021 1:11am
Oh Bother !!
Late to the screen after sorting out the puppy that insists on trying to share my cereal.
I missed a long and short and price is now drifting. Unless something moves in the next hour I will close down and come back at NY.

EDIT: No I can't - my Spanish classes resume this afternoon !!
Get up earlier on Tuesday Mr T.
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every Saint has a past. Every Sinner has a Future
  • #57,647
  • Apr 12, 2021 1:42am Apr 12, 2021 1:42am
Quoting birdland
good morning, here is an example of how i traded the 00-00 4h break today for a quick +16 scalp: 1) break of the 4h range 2) h1 closed bullish inside the range (blue arrow) {image} 3) H4 has a clear support level {image} 4) waiting for the price to touch the "line in the sand" 4h range and buy {image}
Hi Mr. B

I do very much hope you did buy at the top of the range (line in the sand). (I wished I had but am still committed on AJ long)

Your analysis was bang on. Well done mate.
  • #57,648
  • Edited 2:04am Apr 12, 2021 1:43am | Edited 2:04am
Saw these two small Zline trades, I did not trade them as I did not have a clear entry signal and was not trading from a Mighty Zone, nor did I have a clear upper target. My only pro was upward momo.

Would have worked out nicely, but that's Captain Hindsight for you.

I wonder if any Zline traders would have taken this trade or that I perhaps missed something?

Cheers, W

edit: Second line is not a zline closing over a "pointy" place
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  • #57,649
  • Apr 12, 2021 2:26am Apr 12, 2021 2:26am
Quoting MichaelG
{quote} Hi Mr. B I do very much hope you did buy at the top of the range (line in the sand). (I wished I had but am still committed on AJ long) Your analysis was bang on. Well done mate.
oh thanks...i traded it the opposite way billy would trade it (or of course i think he would).

normally this lower orange range line would be a short-trigger, BUT because of H4 and H1 big picture i traded it as a long-trigger.
trading is like dancing, don't think and just listen to the music!
  • #57,650
  • Apr 12, 2021 2:28am Apr 12, 2021 2:28am
Quoting Wizzlebizzle
Saw these two small Zline trades, I did not trade them as I did not have a clear entry signal and was not trading from a Mighty Zone, nor did I have a clear upper target. My only pro was upward momo. Would have worked out nicely, but that's Captain Hindsight for you. I wonder if any Zline traders would have taken this trade or that I perhaps missed something? Cheers, W edit: Second line is not a zline closing over a "pointy" place {image}
i traded your first green arrow as a longtrade, because there was the NTBB trigger line.

so funny, that it was also a Z-line;-)
trading is like dancing, don't think and just listen to the music!
  • #57,651
  • Apr 12, 2021 2:42am Apr 12, 2021 2:42am
Quoting birdland
{quote} i traded your first green arrow as a longtrade, because there was the NTBB trigger line. so funny, that it was also a Z-line;-)
Hi Bird,

Nice one.

Fair point, that might have swayed me to go long for at least a small position.
  • #57,652
  • Apr 12, 2021 3:01am Apr 12, 2021 3:01am
Quoting Wizzlebizzle
Saw these two small Zline trades, I did not trade them as I did not have a clear entry signal and was not trading from a Mighty Zone, nor did I have a clear upper target. My only pro was upward momo. Would have worked out nicely, but that's Captain Hindsight for you. I wonder if any Zline traders would have taken this trade or that I perhaps missed something? Cheers, W edit: Second line is not a zline closing over a "pointy" place {image}
Yeah, they would qualify as Z-Lines. More like the kind of thing you get on a continuation trade and a great place to add in.

No, they are not perfect but it would be interesting to see how adding a fib-map may have helped.
  • #57,653
  • Apr 12, 2021 3:09am Apr 12, 2021 3:09am
Claudia - Cable and FTSE 0745 -0800 were profitable again ?
( Not traded by me. (1) because I am merely testing this forward. (2) I was late getting to the screen - the dog eat into my time)
Seriously though - The main constant here is a "line in the sand."
Test - repetition - and learning to do nothing, if necessary, until it is time to view the next "line in the sand."
Easy to write - Difficult to practise.
every Saint has a past. Every Sinner has a Future
  • #57,654
  • Apr 12, 2021 3:18am Apr 12, 2021 3:18am
Quoting turnip15
Claudia - Cable and FTSE 0745 -0800 were profitable again ? ( Not traded by me. (1) because I am merely testing this forward. (2) I was late getting to the screen - the dog eat into my time) Seriously though - The main constant here is a "line in the sand." Test - repetition - and learning to do nothing, if necessary, until it is time to view the next "line in the sand." Easy to write - Difficult to practise.
Yep was a good day on both. Cable was text book stuff on NTBB - break of pivot on 1h, and ADR 100, then target 50 area etc etc.

Took the FTMO free challenge for fun whilst this was going on - just to prove it's not as difficult as they think. Got a month to generate £1750 profit. (Been chatting with Sheppy about it and had an argument with some guy on the thread as you saw. He did apologise).

Started 8 am today with 100k on their demo ....
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  • #57,655
  • Apr 12, 2021 3:26am Apr 12, 2021 3:26am
Quoting lemercenaire
{quote} Yeah, they would qualify as Z-Lines. More like the kind of thing you get on a continuation trade and a great place to add in. No, they are not perfect but it would be interesting to see how adding a fib-map may have helped.
Thought u would say that about continuation trades.

What do you mean by a fib map?
  • #57,656
  • Apr 12, 2021 3:29am Apr 12, 2021 3:29am
I'm looking for NY to reverse this move as usual. That's the simple plan for the rest of the day hit target on live account with ntbb so can take it easy. Local bar is opening again might call in midday lol.
  • #57,657
  • Apr 12, 2021 3:33am Apr 12, 2021 3:33am
Quoting Wizzlebizzle
{quote} Thought u would say that about continuation trades. What do you mean by a fib map?
Just found some of your posts elsewhere. Looks like some kind of fibonacci line confluence? If so, funny that you mention this. This was one of my first strategies that I used to find "zones" to trade from. Oh how little did I know then (and still do lol)
  • #57,658
  • Apr 12, 2021 3:36am Apr 12, 2021 3:36am
Quoting turnip15
Oh Bother !! Late to the screen after sorting out the puppy that insists on trying to share my cereal. I missed a long and short and price is now drifting. Unless something moves in the next hour I will close down and come back at NY. EDIT: No I can't - my Spanish classes resume this afternoon !! Get up earlier on Tuesday Mr T. {image}
Later....................made two longs before 10:30 am (ish) -my usual end session time.
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every Saint has a past. Every Sinner has a Future
  • #57,659
  • Apr 12, 2021 3:42am Apr 12, 2021 3:42am
Quoting turnip15
Claudia - Cable and FTSE 0745 -0800 were profitable again ? ( Not traded by me. (1) because I am merely testing this forward. (2) I was late getting to the screen - the dog eat into my time) Seriously though - The main constant here is a "line in the sand." Test - repetition - and learning to do nothing, if necessary, until it is time to view the next "line in the sand." Easy to write - Difficult to practise.
Wizzie etc have put up Cable charts.( The 5 minute is the lowest time frame I trade it with)
I will add the FTSE
(I've included the FTSE 5 minute because many like to trade the 5 min FTSE -it being slower ( usually ) than its' racier European Dax cousin)
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Click to Enlarge Name: FTSE5MinClaudia.png Size: 385 KB
every Saint has a past. Every Sinner has a Future
  • #57,660
  • Apr 12, 2021 3:49am Apr 12, 2021 3:49am
Mrs T says " Are you finished for the morning?" and "Remember you have a Spanish class this afternoon."

Loosely translated is wife speak for, " You have completed your allotted (promised) time on morning trading - two hours - now can you assist me with......puppy/garden/anything else I require your joint assistance with etc"

Back later - Mrs T permitting
every Saint has a past. Every Sinner has a Future
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