Billytt Die happy trading e/j daily breakout | Page 3009 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,161
  • Jan 13, 2022 12:23am Jan 13, 2022 12:23am
cable 4 hour chart just copied at 06-20 am uk time.
Price opened at 00-00 at 13706.
i have adjusted the imaginary 70 range High/Low black lines off the highest high and lowest low so fay.
Lines will be adjusted as we have movement.
Attached Image
the 04-00 4 hour bar hasnt broken the 00-00 4 hour bar, very close.
time now 06-23
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,162
  • Jan 13, 2022 12:29am Jan 13, 2022 12:29am
t 06-28 if the 00-00 4 hour bar low breaks, i will short.
yes ,we are on a 00. range is of 00-00 bar is 15
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,163
  • Jan 13, 2022 12:41am Jan 13, 2022 12:41am
The Lord said or is it saith unto Moses.
The UK open break is a wonderful thing.
one can trade off the 1 minute bar after open, 5 min, even the one hour bar after open and of course the 15 minute bar. known as the Billy Bar.

that is the end of the bible sermon...... Koran version to follow. it is the same.

I have said many many times (Billy speaking) over the years, how good the uk open break trading is.
We have the quietness of the Asian session and then BANG, London opens and off we go.
The main thing with this open break, whether 15 mind,30 min 1 hour or any combination is that it is busting the Asian session.
ASIAN SESSION IS VERY IMPORTANT, Ive used this as my background to trade for years and years.
Then we have the daily range, or average daily range.
If we trade and it retraces , we can see where it will probably go.(Probably).
If you have sh*t entries and you get busted over and over , even i couldnt fix it.

Thats first part complete.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,164
  • Jan 13, 2022 12:44am Jan 13, 2022 12:44am
Quoting billytt
WOW, i just remembered why i stopped coming in. Therapy time again.
I feel the same way sometimes. I want to help some people but at the same time.. smh thank you for being here billytt
  • #60,165
  • Jan 13, 2022 1:00am Jan 13, 2022 1:00am
excluding today the 13th .
this year we have had 7 trading days, excluding sundays.
daily range of cable is 99-98-76--(69)-70-71-76
Attached Image

ahaa, we had a day where range was below 70, (69 pips) .on the 6th January.
Attached Image

But look what happened, the 00-00 4 hour bar low broke for approx 30/32 pips. i didnt need that many lol.
Last year we had days where range was less than 70, it doesnt matter....
sometimes our first trade goes in, if we run into short range, we have the following day.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,166
  • Jan 13, 2022 1:01am Jan 13, 2022 1:01am
Quoting q_import
{quote} I feel the same way sometimes. I want to help some people but at the same time.. smh thank you for being here billytt
Thank you and welcome.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,167
  • Jan 13, 2022 1:19am Jan 13, 2022 1:19am
t 07-18
Cable, i am long, i actually made a slight error, the high hasn't broken yet.. lo very close, i prefer the short though.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,168
  • Edited 1:40am Jan 13, 2022 1:28am | Edited 1:40am
Quoting billytt
t 07-18 Cable, i am long, i actually made a slight error, the high hasn't broken yet.. lo very close, i prefer the short though.
i am short the crosses i am not interested in gu yet as the run has already been made
this chart of EU then compare to GU
  • #60,169
  • Jan 13, 2022 1:29am Jan 13, 2022 1:29am
Cable, the high did break . i have just closed my trade with +5, i was in slightly early.
i always prefer to short.

I amactually finished now BUT , you never know i might short off the low if it drops.
t 07-28 just watch the range
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,170
  • Jan 13, 2022 1:33am Jan 13, 2022 1:33am
Quoting billytt
Cable, the high did break . i have just closed my trade with +5, i was in slightly early. i always prefer to short. I amactually finished now BUT , you never know i might short off the low if it drops. t 07-28 just watch the range
i am ready to short the majors.. i am waiting for fridays break out. 2 days ago libor was not hit so I know we are semi trending I use the same strategy as you just a little different..
  • #60,171
  • Jan 13, 2022 1:34am Jan 13, 2022 1:34am
Quoting billytt
Cable, the high did break . i have just closed my trade with +5, i was in slightly early. i always prefer to short. I amactually finished now BUT , you never know i might short off the low if it drops. t 07-28 just watch the range
Still in but moved to +1..
  • #60,172
  • Jan 13, 2022 1:41am Jan 13, 2022 1:41am
Quoting q_import
{quote} i am ready to short the majors.. i am waiting for fridays break out. 2 days ago libor was not hit so I know we are semi trending I use the same strategy as you just a little different..
EU dealing with shorts. Ready to pounce at the right time. The new notification setup has a positive. I can easily track someone I am interested in his posts whenever he posts.
  • #60,173
  • Jan 13, 2022 1:50am Jan 13, 2022 1:50am
t 07-48
cable, i have just adjusted the imaginary 70 low range. (Place top of black line at the highest high).
Attached Image
, below was the first chart
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,174
  • Jan 13, 2022 2:03am Jan 13, 2022 2:03am
Quoting q_import
{quote} i am ready to short the majors.. i am waiting for fridays break out. 2 days ago libor was not hit so I know we are semi trending I use the same strategy as you just a little different..
That is good, stick to what you know.
Knowledge is powerful......
i am only trading Cable now, not long ago it was also nifty 50 and dax.
Cable is my baby, i just play .
I will trade it any direction on first break, but i prefer the short.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,175
  • Jan 13, 2022 2:06am Jan 13, 2022 2:06am
Quoting Fagin
{quote} Still in but moved to +1..
i hope it keeps going for you, i think its about +10 from the 00-00 4 hr bar high break.

i dont have to short, lol, you have the points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,176
  • Jan 13, 2022 2:07am Jan 13, 2022 2:07am
Quoting Mitiblotch
{quote} EU dealing with shorts. Ready to pounce at the right time. The new notification setup has a positive. I can easily track someone I am interested in his posts whenever he posts.
Wow, welcome. you have brought mystery to the room. trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,177
  • Jan 13, 2022 2:25am Jan 13, 2022 2:25am
Quoting billytt
{quote} i hope it keeps going for you, i think its about +10 from the 00-00 4 hr bar high break. i dont have to short, lol, you have the points.
Yes still chugging away I'll lock in the the 04 range and then let it run... cheers!
  • #60,178
  • Jan 13, 2022 9:36am Jan 13, 2022 9:36am
Billy I love this stuff but it does tax the few grey cells I haven't yet managed to hunt down and annihilate with bad life choices...

Just chose a random tricky month to trade (August) and based it on when I trade (normally 630ish GMT onwards..)

So 22 trading days gives me:

13 days that had a total daily range over 70
9 days that had a total daily range under 70

ALL 22 trading days did make 70 with the longest taking 3 days

2 trades took 3 days
7 trades took 2 days
13 days took 1 day (same trading day)

There were 6 days without fails with just a single entry winning trade
4 days with 2 fails
2 days with 3 fails
1 day with 1 fails
and one outlier on Tuesday the 24th with 9 fails (was this a bank holiday I can't remember?!)

On the occurrence of a daily range not reaching 70 (which was 9 days) it exceeded 70 6 times on following day
On the occurrence of a daily range exceeding 70 (which was 13 days) it exceeded 70 5 times on the following day

The biggest 00-04 range was 46 and the smallest was 11

The single winner (no fail) trades had ranges from 15 to 34

Singles winner 3 buys and 3 sells

Single failed trades had ranges from 13 to 29 - 4 were final buys and 3 were final sells (so no actual sell or buy bias IMHO)

Sorry for the ramble but it helps me to write these things down..

There's more to be mined I'm sure but the kettle is calling me
  • #60,179
  • Jan 13, 2022 10:07am Jan 13, 2022 10:07am
Quoting Fagin
Billy I love this stuff but it does tax the few grey cells I haven't yet managed to hunt down and annihilate with bad life choices... Just chose a random tricky month to trade (August) and based it on when I trade (normally 630ish GMT onwards..) So 22 trading days gives me: 13 days that had a total daily range over 70 9 days that had a total daily range under 70 ALL 22 trading days did make 70 with the longest taking 3 days 2 trades took 3 days 7 trades took 2 days 13 days took 1 day (same trading day) There were 6 days without fails with just a...

once you start keeping stats, you'll comprehend more.
I say 70 range as a(imaginary range). that isnt my actually imaginary No lol, but it is very very close.
right now range is approx 45, even if it stays like that. i made my money off the first break of the 00-00 4 hour bar. and i know you made more.
i need the range for when a fail appears.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,180
  • Jan 13, 2022 11:30am Jan 13, 2022 11:30am
Quoting billytt
{quote} once you start keeping stats, you'll comprehend more. I say 70 range as a(imaginary range). that isnt my actually imaginary No lol, but it is very very close. right now range is approx 45, even if it stays like that. i made my money off the first break of the 00-00 4 hour bar. and i know you made more. i need the range for when a fail appears.
Yes I'll keep digging, I need to firm up a strategy around this and can see the light.. It all boils down to how you handle the fails whichever way you look at it I think? Those stats I put up, even with that horrendous 9 fail day overall it still came out in profit at the end of the month, that's without any counters, larger trade sizes etc..
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