Billytt Die happy trading e/j daily breakout | Page 3006 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,101
  • Jan 10, 2022 2:19am Jan 10, 2022 2:19am
Quoting billytt
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. {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
Morning Billy, glad to have you back

This is what I get on the 1 hour?

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1hour.png Size: 28 KB

So are you trading the break either way? And are you trading the swing, 5 pips or both? In the past I think you mentioned only going for a portion of the ADR and possibly compounding?
  • #60,102
  • Jan 10, 2022 2:30am Jan 10, 2022 2:30am
Pretty obvious target for the big boys down at 1.3590...

Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr.png Size: 29 KB
  • #60,103
  • Jan 10, 2022 3:00am Jan 10, 2022 3:00am
Quoting Fagin
{quote} Morning Billy, glad to have you back This is what I get on the 1 hour? {image} So are you trading the break either way? And are you trading the swing, 5 pips or both? In the past I think you mentioned only going for a portion of the ADR and possibly compounding?
Hi bud,i am going to adjust that chart shortly.
i will trade both ends,i went short off thew 00-00 4 hour bar but as i have said i normally trade off the 04-00 4 hour bar.

i use 70 range and i tend to actually leave the actuall adr alone.

The 70 is to show where it will go.
it nearly always will make this range..

Have a break to trigger, then do standard things like, klook for 00 --- 50---- support/resistnace etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,104
  • Jan 10, 2022 3:14am Jan 10, 2022 3:14am
original chart
Attached Image
and below the adjusted chart. i have put the 2 black 70 range lines at the highest and lowest points of movement.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,105
  • Jan 10, 2022 7:18am Jan 10, 2022 7:18am
Quoting billytt
original chart {image} and below the adjusted chart. i have put the 2 black 70 range lines at the highest and lowest points of movement. {image}
Good to have you back at the helm - what about the Billy bar ?

Much speculation as to where you've been, some quite funny. Anyway let's move forward.
  • #60,106
  • Jan 10, 2022 7:23am Jan 10, 2022 7:23am
Cable, i have just adjusted the high/low again at 13-15ish Both the 00-00 and 04-00 4 hour bar low broke and moved up to break high and then dropped again.
i am actually glad this happened because it shows we can fail.
The good news is , and i must walk on water the broker had gone down opr wasnt allowing any trades lol.
so i was still in the short when it dropped again. YIPPEEEEEEEE
Attached Image
we still have a lot of play.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,107
  • Jan 10, 2022 7:25am Jan 10, 2022 7:25am
Quoting claudia1
{quote} Good to have you back at the helm - what about the Billy bar ? Much speculation as to where you've been, some quite funny. Anyway let's move forward.
Hi Claudia, i was just chilling and getting away from FF, it started to get me down,lol
i been on my boat, and learning the drums. Drums are hard.
i almost mentioned you earlier, but i will soon.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,108
  • Jan 10, 2022 7:27am Jan 10, 2022 7:27am
Speaking of Claudia,
the consolidation break which is a favourite of hers, and mine also.
If this happens late in the trading day , if we have a break and it looks like average daily has been made or is close.
The following day youll have the average range again.its worth looking at.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,109
  • Jan 10, 2022 7:28am Jan 10, 2022 7:28am
Quoting billytt
{quote} Hi Claudia, i was just chilling and getting away from FF, it started to get me down,lol i been on my boat, and learning the drums. Drums are hard. i almost mentioned you earlier, but i will soon.
I've been learning guitar - maybe we can have a Billy band put Lem on bass !
  • #60,110
  • Jan 10, 2022 7:28am Jan 10, 2022 7:28am
Quoting claudia1
{quote} I've been learning guitar - maybe we can have a Billy band put Lem on bass !
yaaaaaay looks good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,111
  • Jan 10, 2022 8:03am Jan 10, 2022 8:03am
i have just adjusted the High range . time now 14-02
Attached Image
we have had the fail, actu
Attached Image
lly 2 but if we are aware of the current daily range, we can use it to our advantage.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,112
  • Jan 10, 2022 8:36am Jan 10, 2022 8:36am
cable, chart just copied at 14-35
Attached Image
we have had 65 range move , hope you see what i am getting at.
Id stopped trading ages ago.
Like i said, we did have 2 fails, but if you trade the next trigger or even just leave. we'll get there.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,113
  • Jan 10, 2022 8:48am Jan 10, 2022 8:48am
Quoting billytt
cable, chart just copied at 14-35 {image} we have had 65 range move , hope you see what i am getting at. Id stopped trading ages ago. Like i said, we did have 2 fails, but if you trade the next trigger or even just leave. we'll get there.
It is very good. Do you kill fails as soon as they re-enter the 00- 0400 range?
  • #60,114
  • Jan 10, 2022 9:00am Jan 10, 2022 9:00am
Quoting Fagin
{quote} It is very good. Do you kill fails as soon as they re-enter the 00- 0400 range?
Hi Fagin, i am always biased to short Cable,lol.
Todays 00-00 range was 16, same as the 04-00 4 hour bar range.

Forget i was lucky because my long wasn't activated due to Broker fault.
Short broke and it retraced for me to be minus 16, it then dropped back down so lets say that is another minus 16
Total is now minus 32, but im looking for that imaginary 70 range, i still have a potential to make 70 minus 32 =38 points.
Forget counter trade for now and compounding.
I'm playing numbers
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,115
  • Jan 10, 2022 9:01am Jan 10, 2022 9:01am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 53 KB


Hello Billy, nice to have you back, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,116
  • Jan 10, 2022 9:03am Jan 10, 2022 9:03am
Quoting billytt
{quote} Hi Fagin, i am always biased to short Cable,lol. Todays 00-00 range was 16, same as the 04-00 4 hour bar range. Forget i was lucky because my long wasn't activated due to Broker fault. Short broke and it retraced for me to be minus 16, it then dropped back down so lets say that is another minus 16 Total is now minus 32, but im looking for that imaginary 70 range, i still have a potential to make 70 minus 32 =38 points. Forget counter trade for now and compounding. I'm playing numbers
Thanks Billy
  • #60,117
  • Jan 10, 2022 9:06am Jan 10, 2022 9:06am
last chart,
Attached Image
just copied 15-03
we've just made the imaginary 70, lol.

notice how i move the black range lines, its so i can see where we are.

i did this sort of thing when i traded the original e/j daily and even the billy bar, especially when i had a fail.
So lets hopefully do it again tomorrow.

and again,i did have some luck today because my long failed lol, But it still would of come good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,118
  • Jan 10, 2022 9:07am Jan 10, 2022 9:07am
Quoting TooSlow
{image} Hello Billy, nice to have you back, Mate. Cheers!
Thanks Too, slight chance i might disappear again.lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,119
  • Jan 10, 2022 10:57am Jan 10, 2022 10:57am
Quoting billytt
Speaking of Claudia, the consolidation break which is a favourite of hers, and mine also. If this happens late in the trading day , if we have a break and it looks like average daily has been made or is close. The following day youll have the average range again.its worth looking at.
If you think about what you're seeing in front of you and what is actually happening/causing it, then this makes perfect sense.
  • #60,120
  • Jan 10, 2022 11:04am Jan 10, 2022 11:04am
Quoting billytt
{quote} yaaaaaay looks good.
I can play fretless bass, though am actually a drummer.

The fretless I have is a bit mental - basically because I am a crap bass player, lol - as it is a slide two string. I also have a one string slide. Both hand made and extremely weird but alongside the slide, I will also use an EBow. The sounds you can get are astonishing.

Still prefer drumming, mind you. First loves and all that.
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