Billytt Die happy trading e/j daily breakout

Claudia - UC setting up one of those pesky contraction-breaks again! One worth waiting the weekend for...

Pulled the chart up. Also been looking at FTSE again for opening break. Still no signs of William ??

Not a whisper from the bold Billy!

Been nearly a month since he posted. He'll turn up.

Come on everyone let's keep the thread alive ...

Lem - horses at Windsor for me later.

Looking to start selling.

i am also a seller because of that mangenta line.

Hi all, I have been playing with the Ichimoku...
Here is cable, Kumo down, Kijun sen flat, Chikou span in good space, price on wrong side of Tenkan sen at the mo...
I think that's right..haha It's a bit late here..
4 h chart not lined up yet. ...I am waiting until tmro...my bed time..ZZZzzzz

I am on a extra place matched at Newton Abbott 15:10. No skill just working place and lays hopefully in my favour.

Hey you go to sleep but at least the thread has woken up.

Good luck !

Not my thing but I bet Lem will have a view.

Lovely!

I moved onto the Thunder+Lightning settings I use in The Other Galaxy but nice to see traditional as well.

One thing I would say, always remember that you need to keep an eye on the Kijun-sen to the right of the chart.

Thank you. There may be opportunities on the Windsor card nearer the time.

now it seems that GU has to hit the unvisited level soon, before this moves end.

Some live trading realtime.

Now

Hi. Thank you for your comment and posting your two charts. Great one. You mentioned daily targets, maybe that's one of my problems. However i am not sure how i shall structure my day without having any targets, either in terms of Pips, % or monetary. It might be a different thing if you do not try to trade for income but rather have the time and no pressure at all to only look out for the best setups or do nothing at all.

Not having a target or at least any clear pre-defined routine/plan always resulted in either placing one entry after the next until i am either where i wanted to be by the end of the day or had no money left in my account to trade with (overtrading). Or i would be too afraid of facing a losing trade that i never placed a trade at all.

That's why i came to the BillyBar. It's providing me with at least a objective defined setup occuring every day the same and i do not have to think about where to put my stop, where to put my take profit, where/when to enter. So all that would be already known in advance and taking out a lot of guessing part for me of trying to read the market correct. But what find even more useful here is the fact that it's giving me a fixed time slot of when to operate and be active in front of my trading platform a day.

So when it comes to the Pivot Ponts. I ask my self the question of how i could use them. There might be two options here. So either trading them as a stand-alone method OR as a additional filter to place or not to place my entry on a potential BillyBar setup. Trying to even increase it's chance of sucess after doing so. So if price is above the daily pivot point that morning before 08:15 i would only enter long on the BillyBar. If price is below the daily pivot point i would only enter short. Everything else would stay the same with a stop loss at the opposite end of the range and a target to make 5 Pips. How much better this would come out in the end, i don´t know yet. From my experience so far it looks to me that applying such further filters trying to pre-guess market direction isn't giving any better results here. So maybe i would then filter out some losers but would same as good leave out potential winners.

Today only going long on the BillyBar setup after price was floating above the daily pivot point at time of the entry would have worked out for the +5. However it also didn't touch the low trigger of the setup to go short. So i would not have entered short anyways today.

Also notice how the range of the 00-04 range established earlier this day touched the lower end of the range before the BillyBar. So using such that instead of the daily pivot point as a directional filter of how to enter i would then have left out the long entry. So this would have been a no-trade day to me then following such logic/filter leading to not having lost money for today but also not having made any.



Hope everyone is doing fine and wish a good day/week to all. I will try to enjoy holidays now and tilt my head of trading.

Thanks also to Claudia again. I started reading the first couple of pages of the Secrets of the Pivot Boss. Very nice read so far.

Thunder & lightning sounds interesting..Kumo (cloud) to the right , price is now above Kijun sen on daily...!!
Forex trader KEI has a YouTube channel, a world of Ichimoku from Dubai...I have been in lockdown & have been viewing

I don't know the channel/him, so I won't step on toes but one major thing to remember, is that the Kijun-sen is your baseline, not the clouds.

Thanks Lem.....I like the Ichimoku as it's systematic,
The change in the timeframe makes it interesting too,
ie: looking for an entry from daily to 4h
End of lockdown tmro..yay. !!

Here is one I done earlier..
Daily is Bullish
After a pullback on the 4 h ..I went long