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Billytt Die happy trading e/j daily breakout

  • #60,141
  • Jan 12, 2022 12:42am Jan 12, 2022 12:42am
Quoting lemercenaire
{quote} What's going on with the site? Where have all my messages, subs, etc gone? Is it just me (I'm on my phone just now but same on both phones I have). Haven't checked if it's the same on the computers. All I've got in top right of screen is a bell! Had to confirm my email etc. Mmmmmm....
i too am having trouble.
BLAME ME.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,142
  • Jan 12, 2022 1:18am Jan 12, 2022 1:18am
time now 07-14, this chart copied a couple of minutes ago and i have left on the 04-00 4 hour bar.
Cable, price opened at 13628 at 00-00 uk time.
i place 1 black line 70 pip range at the open price for a high range, and place 1 black line 70 pip range at open price for the low range.
as price moves this line/lines will be adjusted.

please note that the 04-00 4 hour bar has not broken the 00-00 high yet.
Attached Image
time now 07-18
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,143
  • Jan 12, 2022 1:34am Jan 12, 2022 1:34am
2nd chart just copied at 07-32.
i show first again below
Attached Image
we have had movement and i have adjusted the 2 black range lines.
placed at highest high and the lowest low.
Attached Image
the 00-00 4 hour bar low has been broken and i am short.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,144
  • Jan 12, 2022 1:36am Jan 12, 2022 1:36am
i dont always trade off the 00-00 4 hour bar, sometimes it is the 04-00 4 hour bar.

BAR = Candle. Point = pips
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,145
  • Jan 12, 2022 1:36am Jan 12, 2022 1:36am
Quoting lemercenaire
{quote} What's going on with the site? Where have all my messages, subs, etc gone? Is it just me (I'm on my phone just now but same on both phones I have). Haven't checked if it's the same on the computers. All I've got in top right of screen is a bell! Had to confirm my email etc. Mmmmmm....
ive got the same mate, phone view is a mess (havent checked laptop yet)……cant see anything properly, and cant see last activity from people/threads etc. Was about to prepare an email to FF!
  • #60,146
  • Jan 12, 2022 1:48am Jan 12, 2022 1:48am
ive told twee already...wait and see.
trading is like dancing, don't think and just listen to the music!
  • #60,147
  • Jan 12, 2022 4:21am Jan 12, 2022 4:21am
Quoting billytt
{quote} i too am having trouble. BLAME ME.
It's been all good until you came back....!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220112-204842-412~2.png Size: 469 KB
Onwards and upwards...
  • #60,148
  • Jan 12, 2022 4:24am Jan 12, 2022 4:24am
cable is very slow so far. i am still short off the 00-00 4 hour bar low break.
t 10-24
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,149
  • Jan 12, 2022 4:41am Jan 12, 2022 4:41am
Quoting soccerfan
{quote} It's been all good until you came back....!!!! {image}

He did it......
Attached Image
every Saint has a past. Every Sinner has a Future
  • #60,150
  • Jan 12, 2022 4:53am Jan 12, 2022 4:53am
Quoting Jp1
{quote} ive got the same mate, phone view is a mess (havent checked laptop yet)……cant see anything properly, and cant see last activity from people/threads etc. Was about to prepare an email to FF!
... same here :-)
  • #60,151
  • Jan 12, 2022 5:43am Jan 12, 2022 5:43am
Quoting billytt
cable is very slow so far. i am still short off the 00-00 4 hour bar low break. t 10-24
Ditto Zzzzzzzzzzzzzz.........
  • #60,152
  • Jan 12, 2022 5:46am Jan 12, 2022 5:46am
Quoting Fagin
{quote} Ditto Zzzzzzzzzzzzzz.........
More USa news later, this should help.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,153
  • Jan 12, 2022 7:51am Jan 12, 2022 7:51am
chart copied just now.

i have adjusted the 2 black lines, 70 imaginary range.
Attached Image

my short failed, so had a minus 20ish but the High break fixed it plus profit.
Its all numbers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,154
  • Jan 12, 2022 8:19am Jan 12, 2022 8:19am
Quoting billytt
chart copied just now. i have adjusted the 2 black lines, 70 imaginary range. {image} my short failed, so had a minus 20ish but the High break fixed it plus profit. Its all numbers.
Me too, fixed plus a bit and still running. Hmm need to look at a money management strategy long term for it..
last year I was just scalping the break and never really looked at taking the swing for the adjusted range. Interesting stuff
  • #60,155
  • Jan 12, 2022 8:44am Jan 12, 2022 8:44am
Quoting Fagin
{quote} Me too, fixed plus a bit and still running. Hmm need to look at a money management strategy long term for it.. last year I was just scalping the break and never really looked at taking the swing for the adjusted range. Interesting stuff

just keep your eye on the average daily range.

if you are in a positive trade and the daily range so far is 50, you can think ... ohhhhh we have a potential 20 points more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,156
  • Jan 12, 2022 8:50am Jan 12, 2022 8:50am
Quoting billytt
{quote} just keep your eye on the average daily range. if you are in a positive trade and the daily range so far is 50, you can think ... ohhhhh we have a potential 20 points more.
Yep... thought that after I covered the fail, still a bit more to go...

Attached Image (click to enlarge)
Click to Enlarge Name: gu hr.png Size: 56 KB

You just need the bottle to go the other way!
  • #60,157
  • Jan 12, 2022 9:02am Jan 12, 2022 9:02am
Quoting Fagin
{quote} Yep... thought that after I covered the fail, still a bit more to go... {image} You just need the bottle to go the other way!
you did well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,158
  • Jan 12, 2022 12:50pm Jan 12, 2022 12:50pm
Quoting Fagin
{quote} Me too, fixed plus a bit and still running. Hmm need to look at a money management strategy long term for it.. last year I was just scalping the break and never really looked at taking the swing for the adjusted range. Interesting stuff
I posted about my London breakout idea last week here but it seems like nobody is listening to me. Now I know i am just a "stirrer" in the middle of all the pros here who already trade for their lives. Now that Billy is back it all get's interesting again of trading the UK breakout?

Have a look at the first hour on GBP/USD 08:00-09:00 UK time as the range. To me it looks good for trading the breakout for +15 Pips with a -15 Pips stop loss and if it fails entering on the second break to the other direction (if happens).

I am not sure about entering a 3rd time but I am not doing it so far. I think you somehow need to have a limit to protect you from over-trading.

Regarding the minimum daily range of 70 Pips for GBP/USD. It's nice to know but we also had quite a few days last year where the daily range has been even less. Overall the volatility seems to have decreased a lot for 2021 while comparing it with some years before.

Further, knowing the range of what something is likely to move is still no help if you then get stopped out several times no matter what range you defined and would then have enter on the break of it. Meaning you can still end up being stopped out a dozens of times depending on where, when and how often you entered. Knowing in advance that GBP/USD is likely to move a 70 Pips every day is then no longer a help if you then already be down -100 Pips in result of x earlier entries for such day.

Today the first break of the low would have failed but the second moved the +15 target and even some more. That "more" i am actually not interested in but maybe if using some kind of trailing stop technique this could help getting out some more on such day like today.

Attached Image (click to enlarge)
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  • #60,159
  • Jan 12, 2022 1:42pm Jan 12, 2022 1:42pm
Quoting lddd
{quote} I posted about my London breakout idea last week here but it seems like nobody is listening to me. Now I know i am just a "stirrer" in the middle of all the pros here who already trade for their lives. Now that Billy is back it all get's interesting again of trading the UK breakout? Have a look at the first hour on GBP/USD 08:00-09:00 UK time as the range. To me it looks good for trading the breakout for +15 Pips with a -15 Pips stop loss and if it fails entering on the second break to the other direction (if happens). I am not sure about...
Yes and the “London Breakout” failed (as it so often does) again for me today. I made money on the other side.

Without applying market context of confluences or a plan to fix a trade and ideally both I’m just not interested in what you are saying. Been there done that and got a suit case full of t shirts.

Trading a 1 to 1 RR off a time candle doesn’t work otherwise we’d all be billionaires wouldn’t we? You can test every hour with an ea if you can be arsed and I have. You’ll be breakeven and then broke after costs.

Try toning down your attitude if you want people to reply to you. No need to be a dick all the time.
  • #60,160
  • Jan 13, 2022 12:17am Jan 13, 2022 12:17am
WOW, i just remembered why i stopped coming in.
Therapy time again.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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