Billytt Die happy trading e/j daily breakout | Page 3011 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,201
  • Jan 14, 2022 8:43am Jan 14, 2022 8:43am
t 14-39 cable chart just copied.

i have adjusted the imaginary 70 range black line, to the lowest low.
Attached Image (click to enlarge)
Click to Enlarge Name: gu C.png Size: 15 KB

the 00-00 4 hour bar short broke. it made approx 19/20 before moving up again. in theory it should keep dropping.
i took another 6 points, thats 11 for the day. more than enough.
Trade well.

edit , at time of post, daily range was 58 lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,202
  • Jan 14, 2022 8:49am Jan 14, 2022 8:49am
Quoting Fagin
{quote} no I was wondering if you had another break in the 00-0400 area like the 04-00 / 08-00?
sorry bud, i missed this post too.

the chart below, Cable 4 hour chart.
1 = the 00-00 4 hour bar from 00-00 to 04-00, and 2 = the 04 00 4 hour bar, from 04-0 unto 08-00 UK open.

you can trade either of them.
I normally trade off the 04-00 but this week it has been the 00-00. both of them were good. but the 04-00 does have better stats.
Attached Image (click to enlarge)
Click to Enlarge Name: gu D.png Size: 16 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,203
  • Jan 14, 2022 8:53am Jan 14, 2022 8:53am
Quoting billytt
{quote} sorry bud, i missed this post too. the chart below, Cable 4 hour chart. 1 = the 00-00 4 hour bar from 00-00 to 04-00, and 2 = the 04 00 4 hour bar, from 04-0 unto 08-00 UK open. you can trade either of them. I normally trade off the 04-00 but this week it has been the 00-00. both of them were good. but the 04-00 does have better stats. {image}
Ok got it cheers GU shaping up nicely again now..
  • #60,204
  • Jan 14, 2022 8:59am Jan 14, 2022 8:59am
Quoting Fagin
{quote} Ok got it cheers GU shaping up nicely again now..
yes it is, going into the weekend, maybe profit taking or just getting people trapped.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,205
  • Jan 14, 2022 9:08am Jan 14, 2022 9:08am
Quoting billytt
{quote} yes it is, going into the weekend, maybe profit taking or just getting people trapped.
I'm out the other side and covered my fail so all good..!
  • #60,206
  • Jan 14, 2022 10:02am Jan 14, 2022 10:02am
Quoting Fagin
{quote} I'm out the other side and covered my fail so all good..!
Well done that man
Attached Image (click to enlarge)
Click to Enlarge Name: cat.jpg Size: 7 KB
every Saint has a past. Every Sinner has a Future
  • #60,207
  • Jan 14, 2022 10:07am Jan 14, 2022 10:07am
Into the weekend.
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #60,208
  • Jan 14, 2022 10:25am Jan 14, 2022 10:25am
Have a good weekend all.

Cable has just hit 71 range lol.
Dont forget at 00-00 sunday evening uk time, put 2 x70 range on the open price,
Following that, adjust the 2 lines and place one on the highest hist and the other line on the lowest low.
Then well see how it goes, and yes this is pre uk open.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,209
  • Jan 14, 2022 11:07am Jan 14, 2022 11:07am
Quoting billytt
Have a good weekend all. Cable has just hit 71 range lol. Dont forget at 00-00 sunday evening uk time, put 2 x70 range on the open price, Following that, adjust the 2 lines and place one on the highest hist and the other line on the lowest low. Then well see how it goes, and yes this is pre uk open.
if it helps anyone, ive got a good indi that will do those lines for you, and move them up and down throughout the day (probably got it from someone on this thread, now i come to think of it! )
Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 409 downloads
  • #60,210
  • Jan 14, 2022 12:42pm Jan 14, 2022 12:42pm
Quoting billytt
Have a good weekend all. Cable has just hit 71 range lol. Dont forget at 00-00 sunday evening uk time, put 2 x70 range on the open price, Following that, adjust the 2 lines and place one on the highest hist and the other line on the lowest low. Then well see how it goes, and yes this is pre uk open.
HI Billy, how are you,, i like strategy of the first h4 candle.. i use it a lot on gbpusd,, but when i run it at long term, i dont see a consistent profits.
how works that 70 pips range?
do you have any advise ?
  • #60,211
  • Edited Jan 16, 2022 12:18am Jan 15, 2022 4:54am | Edited Jan 16, 2022 12:18am
Quoting ordosgoitia
{quote} HI Billy, how are you,, i like strategy of the first h4 candle.. i use it a lot on gbpusd,, but when i run it at long term, i dont see a consistent profits. how works that 70 pips range? do you have any advise ?
Hello, and welcome.
I use 70 range as an area to focus on.
It is not a calculation.
I could easily use a 60 range.
I use what is called Frequency Distribution Stats. With trades. 70 range has nothing to do with it. Lol.
Example, if daily range over 5 days is
100..110..80..90..60.. FD stats will show that every day made 60 pips or more. So if your trigger range bar is 40. You can enter a trade knowing you have good odds to make 20 profit. But I would make better odds of taking 10. 5 days stats is not enough. This is an example. Once we have stats for daily range, we then obtain stats for different range candles. Ie, 00-00.4 hour candle, 04-00 4 hour candle, Market open etc. Take stats for inside bars,
Then we take stats of the stats.
End of the day, price moves.
If I said on Monday cable price will move 60,would you bet against me. A lot of traders would without knowing.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,212
  • Jan 17, 2022 1:02am Jan 17, 2022 1:02am
Good morning all.
New week, lets go for it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,213
  • Jan 17, 2022 1:04am Jan 17, 2022 1:04am
Time now 07-02.
Cable chart copied approx 12 minutes ago.
price opened at 00-00 midnight uk time at 13673.
we place a 70 range black line on open price showing the high range . and place a 70 range black line showing the low range.
As price moves , we will adjust the line/s
Attached Image (click to enlarge)
Click to Enlarge Name: gu 17 01 22 A.png Size: 11 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,214
  • Jan 17, 2022 1:09am Jan 17, 2022 1:09am
cable chart copied at 07-05. time now 07-07
Attached Image (click to enlarge)
Click to Enlarge Name: gu 17 B.png Size: 15 KB

we have adjusted the 2 black lines, placed at highest high and lowest low.
we now need a trigger.

the 04-00 4 hour very nearly broke the high of the 00-00 4 hour bar.
NEARLY is not enough.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,215
  • Jan 17, 2022 2:02am Jan 17, 2022 2:02am
Morning Billy, up we go...
  • #60,216
  • Jan 17, 2022 3:23am Jan 17, 2022 3:23am
Quoting Fagin
Morning Billy, up we go...
i am keeping quiet. i took 5 off the 00-00 4 hour bar high.
Just waiting mow . t 09-23
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,217
  • Jan 17, 2022 4:34am Jan 17, 2022 4:34am
Quoting billytt
{quote} i am keeping quiet. i took 5 off the 00-00 4 hour bar high. Just waiting mow . t 09-23
Got a little short on cable via Too SLow's HOLO. Got up around +3, waitng for 5.

Edit: closed for a small profit.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5-1-17-22_LI.jpg Size: 425 KB
Wow! I've got some experience to gain.
  • #60,218
  • Jan 17, 2022 4:50am Jan 17, 2022 4:50am
Quoting Lawnman
{quote} Got a little short on cable via Too SLow's HOLO. Got up around +3, waitng for 5. Edit: closed for a small profit. {image}
market is a bit slow.
i got 5 off the high break as posted.
i am now short Cable but it look s like im going to have to play it.
ie, counter trade. it will be ok.

i notice the 08-00 billybar was ok. but i didnt trade it.
Trade well. t 10-50
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,219
  • Jan 17, 2022 4:55am Jan 17, 2022 4:55am
Before anyone asks. i went short off the 04-00 4 hour bar low.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,220
  • Jan 17, 2022 4:55am Jan 17, 2022 4:55am
Quoting billytt
{quote} market is a bit slow. i got 5 off the high break as posted. i am now short Cable but it look s like im going to have to play it. ie, counter trade. it will be ok. i notice the 08-00 billybar was ok. but i didnt trade it. Trade well. t 10-50
Moving slow and a Holiday here in the states today (Martin Luther King Day). I'll be closing up in a couple hours.
Wow! I've got some experience to gain.
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