Billytt Die happy trading e/j daily breakout | Page 3005 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,081
  • Jan 7, 2022 9:10am Jan 7, 2022 9:10am
Quoting claudia1
{quote} Saw him live in Newcastle years back. Was very young !
Wonder if it was the same tour I caught at The Glasgow Apollo?

He was so loud, my mate and I couldn't hear anything for the whole taxi ride home!
  • #60,082
  • Jan 7, 2022 9:14am Jan 7, 2022 9:14am
Quoting billytt
Hi all. Wishing everyone a wonderful christmas day. Post is a bit late. I am doing fine, i hope you too are fine. I'm still trading, but only for myself. I do spend a lot of time on the sea now as i got a live on boat. Yipppeee. Take care, i will be a out.
Attached Image (click to enlarge)
Click to Enlarge Name: billy lives!.jpg Size: 72 KB
  • #60,083
  • Jan 7, 2022 9:15am Jan 7, 2022 9:15am
Quoting lemercenaire
{quote} No misunderstanding. He's just a stirrer. Tell him white is white and he'll argue it's black.
I know, I know, I should know better. However I have know taught myself not to give money to addicts in the street so I'm learning..
  • #60,084
  • Jan 7, 2022 9:17am Jan 7, 2022 9:17am
Billy's yacht has been spotted off the coast of Panama...

Attached Image (click to enlarge)
Click to Enlarge Name: billy's yacht spotted.jpg Size: 109 KB
  • #60,085
  • Jan 7, 2022 9:24am Jan 7, 2022 9:24am
Quoting lemercenaire
{quote} All good...but what's your reasoning? Why Kijun-sen 60? Discuss!
Probably re inventing the wheel but based on observations from getting my arse kicked many times in a range I try to think like a market maker (the one who put me there in the 1st place!).

As from what I understand how Kijun is calculated using midpoint for the last X periods I'm basing it on trading out of a range within that 1 hour period.

I can't really show it on a chart as it's rolling all the time but I guess you could plot it a bit like this using a 1 hour chart, find your range start points (ala Volman method) I've used yellow lines and slap bang in the middle (blue lines) would be roughly where the entry would be. Price ALWAYS needs to move away from the range midpoint to find liquidity on the edges.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr.png Size: 16 KB

Of course the 26 may work just as well if not better anyway but at least I feel like I've scratched that itch..!

Sorry if this ramble doesn't make sense..!
  • #60,086
  • Jan 7, 2022 10:13am Jan 7, 2022 10:13am
All flat here after a very nice 1st week back after the break. The moves have made trading easier than it usually is for sure.
Have a great weekend all and have a little skank around your trading room!

Inserted Video
  • #60,087
  • Jan 7, 2022 10:33am Jan 7, 2022 10:33am
Quoting Fagin
{quote} Probably re inventing the wheel but based on observations from getting my arse kicked many times in a range I try to think like a market maker (the one who put me there in the 1st place!). As from what I understand how Kijun is calculated using midpoint for the last X periods I'm basing it on trading out of a range within that 1 hour period. I can't really show it on a chart as it's rolling all the time but I guess you could plot it a bit like this using a 1 hour chart, find your range start points (ala Volman method) I've used yellow lines...
Try this for a little insight: Put a full Ichimoku on and not just the Kijun-sen.

Not for good, just for enlightenment. You will quickly see how adjusting the K-Number will give you different information as it reacts in and around the clouds it is tied to.

You will see why time frames matter in relation to the clouds you are using.
  • #60,088
  • Jan 7, 2022 10:35am Jan 7, 2022 10:35am
Quoting herewego
All flat here after a very nice 1st week back after the break. The moves have made trading easier than it usually is for sure. Have a great weekend all and have a little skank around your trading room! https://youtu.be/8oOtz6mE7sM
A little skank? That must mean different things in different countries!
  • #60,089
  • Jan 7, 2022 11:43am Jan 7, 2022 11:43am
Quoting lemercenaire
{quote} A little skank? That must mean different things in different countries!
"a steady-paced dance performed to reggae music, characterized by rhythmically bending forward, raising the knees, and extending the hands palms-downwards"

and yes i am in England!
  • #60,090
  • Jan 7, 2022 2:46pm Jan 7, 2022 2:46pm
Quoting herewego
{quote} "a steady-paced dance performed to reggae music, characterized by rhythmically bending forward, raising the knees, and extending the hands palms-downwards" and yes i am in England!
Never heard of that, nice one. I had thought as you had posted reggae (or is that ska?), maybe you'd typed an 'a' instead of a 'u'

Yeah, mine comes from the noun: derogatory - informal lol.
  • #60,091
  • Jan 7, 2022 3:27pm Jan 7, 2022 3:27pm
Quoting Fagin
{quote} I love a pub quiz but like you I’m crap! Bias potential maybe but also potential trap as well. Probably movement away from that place is a better way to think about it?
Yes indeed. I can see it work well with a reversal trade, with say a HOLO or 123. But I'll leave it for the minute as I have too many other things on my plate. I like your thought process though
  • #60,092
  • Jan 8, 2022 4:24am Jan 8, 2022 4:24am
Quoting Fagin
Here's a little interesting tidbit... GU 1st biggest candle pre Frankfurters, measure the range. The next candle with a bigger range after 7am GMT trade the close in the direction. What do you get? I'm using 1 hour TF to measure.
Fagin, just trade off that pre Frank bar.
Asian session or part of it is pretty good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,093
  • Jan 8, 2022 4:27am Jan 8, 2022 4:27am
Quoting lemercenaire
Billy's yacht has been spotted off the coast of Panama... {image}
Lol. Hi Lem, hope things are OK for you. As for the yacht. Mine is rather humble but well loved.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,094
  • Jan 8, 2022 4:36am Jan 8, 2022 4:36am
Just an update.
You guys/gals are all good.
I haven't traded the Billy bar for weeks and weeks and weeks...
I practically only ever trade Cable now.
I trade off the 00-00 4 hour bar or more frequently off the 04-00 4hour bar.
Meaning,,, depending how the 00-00 4 hr bar moves, I will then trade the 04-00 bar. then go after part of the daily range.
I'm not trading every day as I have my boat(nothing fancy) PLUS I'm learning to drum. NOT ON THE BOAT.
Take care all. I'll be about.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,095
  • Jan 8, 2022 5:46am Jan 8, 2022 5:46am
Quoting billytt
{quote} Fagin, just trade off that pre Frank bar. Asian session or part of it is pretty good.
I’ll have to set my alarm clock!
  • #60,096
  • Jan 8, 2022 8:23am Jan 8, 2022 8:23am
Quoting billytt
Just an update. You guys/gals are all good. I haven't traded the Billy bar for weeks and weeks and weeks... I practically only ever trade Cable now. I trade off the 00-00 4 hour bar or more frequently off the 04-00 4hour bar. Meaning,,, depending how the 00-00 4 hr bar moves, I will then trade the 04-00 bar. then go after part of the daily range. I'm not trading every day as I have my boat(nothing fancy) PLUS I'm learning to drum. NOT ON THE BOAT. Take care all. I'll be about.
Ok, I'll be the first to bite, lol...

Are those times the OPEN of the bars? So the 00:00 is the 00:00 to 04:00 and the 04:00 is 04:00 to 08:00.

Aw, c'mon!!! You know y'all were wanting to ask!
  • #60,097
  • Jan 9, 2022 11:09am Jan 9, 2022 11:09am
Quoting lemercenaire
{quote} Ok, I'll be the first to bite, lol... Are those times the OPEN of the bars? So the 00:00 is the 00:00 to 04:00 and the 04:00 is 04:00 to 08:00. Aw, c'mon!!! You know y'all were wanting to ask!
Correct. All my times are UK as on the charts. Even with BST. This is another good thing for living here. Lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,098
  • Jan 9, 2022 11:30am Jan 9, 2022 11:30am
Quoting billytt
{quote} Correct. All my times are UK as on the charts. Even with BST. This is another good thing for living here. Lol.
Cheers, Billy.
  • #60,099
  • Jan 9, 2022 12:31pm Jan 9, 2022 12:31pm
Right, we are leading up to the first proper trading week of the year.
Time here UK is 18-31 Sunday.
At midnight 00-00 let's add a +70 high to open price, and a - 70 low to open price.
We are looking at Cable, I am looking for an imaginary 70 daily range. (nothing spectacular).
This is the first part. Where will price move?
Price will open and now we wait for the 00-00 to 04-00 4, hour bar to close.
And yes it is then Monday before UK Market opens.
Let's see what happens.
We are looking for a trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,100
  • Jan 10, 2022 12:45am Jan 10, 2022 12:45am
time now 06-41. i have just copied this chart. Cable 4 hour chart.
the 04-00 candle is on but i tried to clear it off. as itisnt need yet.
price opened at 00-00 at 13591.

we then add a high range of 70, and a low range of 70.
I have done this/shown this in the past.
Attached Image
from this moment in time, we have an idea where price might go. We need the trigger.
We can or could of gone short off the break of the 00-00 hour candle low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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