Billytt Die happy trading e/j daily breakout | Page 3013 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,241
  • Jan 18, 2022 8:24am Jan 18, 2022 8:24am
Quoting birdland
{quote} 70 range reached...incredibile ;-) your work here since years is really an enrichment and has given me even more orientation, thank you for your indomitable and persistent way of teaching.
Thanks Bird, you are so flattering....
i'm just trying to show , how some simple things in trading mean a lot.

a range break, daily range movement etc.
THANK YOU AGAIN>
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,242
  • Jan 18, 2022 8:26am Jan 18, 2022 8:26am
Markets change,,,,,,,, and we have movement.
Movement up ,movement down.

We follow the market makers.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,243
  • Jan 18, 2022 9:41am Jan 18, 2022 9:41am
Quoting billytt
{quote} Thanks Bird, you are so flattering.... i'm just trying to show , how some simple things in trading mean a lot. a range break, daily range movement etc. THANK YOU AGAIN> trade well.
Normally I'm rather reserved, but somehow I thought it had to be said to you.
trading is like dancing, don't think and just listen to the music!
  • #60,244
  • Jan 18, 2022 6:45pm Jan 18, 2022 6:45pm
Quoting billytt
I actually know what i am doing. I've been doing this for a long time. Just lately the markets have been acting differently to some degree. With Cable, we are not having those easy big range to play with, but we have enough range to trade off. If it moves up we long, if it drops we short, we just need the trigger. We will always have movement , even a 70 range is more than enough. We need belief and the need not to think.
Well said.
Wow! I've got some experience to gain.
  • #60,245
  • Jan 19, 2022 12:32am Jan 19, 2022 12:32am
t 06-29
Cable chart just copied.
Price opened at 00-00 uk time at 13600
i placed an imaginary high range black line and a low range black line at the open price.
( i know price has moved) but i will adjust black lines as price moves.
Attached Image (click to enlarge)
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t 06-32

edit, take no notice of the horizontal lines.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,246
  • Jan 19, 2022 12:35am Jan 19, 2022 12:35am
i am long , cable off the 00-00 4 hour bar
t 06-34
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,247
  • Jan 19, 2022 1:21am Jan 19, 2022 1:21am
t 07-19 cable chart just copied.

Below, 1 st chart i posted.
Attached Image (click to enlarge)
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and chart below, after i have adjusted the 70 range high/low
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edit, 1 = the 00-00 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,248
  • Edited 3:48am Jan 19, 2022 3:35am | Edited 3:48am
I got triggered long on my one.

Used a buffer of 3 Pips above the actual high break. Range is 13 Pips. Applied a break-even stop at +8 too. Let's see.

Attached Image (click to enlarge)
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Edit 09:42. +8 barrier reached and stop loss got moved to +1. If it retraced there before moving to TP of +15 I will think of still entering on the short break (if happens on time). There is red flag news scheduled for 14:15 for GBP.

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Edit 09:46. Forget what I said. +15 reached. Removed the sell stop. +1.5% for today achieved. I am done for today with trading.

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  • #60,249
  • Jan 19, 2022 3:59am Jan 19, 2022 3:59am
cable chart just copied 09-57
Attached Image (click to enlarge)
Click to Enlarge Name: gu C.png Size: 14 KB

i was long as posted , that was good.
then short off low break, which was horrendous lol.
Then long again off high break , and all sorted with a profit.

i was watching the inside bars too on the 4 hour.
t 09-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,250
  • Jan 19, 2022 4:11am Jan 19, 2022 4:11am
t 10-09 what i would like is cable to drop and break the 00-00 4 hour low.
low 13588 it was hit 3 times.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,251
  • Jan 19, 2022 4:32am Jan 19, 2022 4:32am
Quoting billytt
t 10-09 what i would like is cable to drop and break the 00-00 4 hour low. low 13588 it was hit 3 times.
for that break i am also waiting.
trading is like dancing, don't think and just listen to the music!
  • #60,252
  • Jan 19, 2022 4:41am Jan 19, 2022 4:41am
As an aside -Claudia's 6:45am Dax bar struck again.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #60,253
  • Jan 19, 2022 5:17am Jan 19, 2022 5:17am
Quoting billytt
t 10-09 what i would like is cable to drop and break the 00-00 4 hour low. low 13588 it was hit 3 times.
I was lucky today, I had my sell order one pip below that. Still long and looking good..
  • #60,254
  • Jan 19, 2022 6:08am Jan 19, 2022 6:08am
t 12-05
Cable chart just copied.
Attached Image (click to enlarge)
Click to Enlarge Name: gu D.png Size: 16 KB
i've adjusted the high range.
range so far is 56 ish. and plenty left i finished ages ago.
the break of the 4 hour inside bars suggest more movement.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,255
  • Jan 19, 2022 6:09am Jan 19, 2022 6:09am
Quoting Fagin
{quote} I was lucky today, I had my sell order one pip below that. Still long and looking good..
it happens bud, glad you didnt trade it. i did lol. was good after the counter blah blah.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,256
  • Jan 19, 2022 6:11am Jan 19, 2022 6:11am
Quoting turnip15
As an aside -Claudia's 6:45am Dax bar struck again. {image}
Hi Mr T i hope you are well.
that was good with Dax.......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,257
  • Jan 20, 2022 1:10am Jan 20, 2022 1:10am
t 07-06
Cable chart copied a couple of minutes ago.
i have already put the 2 70 range black lines on the highest high 1, and lowest low 2. and as price moves they will be adjusted..

Before anyone says. yesterday we had a daily range of 61. it happens but it really doesn't matter.
It matters more if we are fixing a bad trade from earlier in the day.
Attached Image (click to enlarge)
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Trade well all. t 07-10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,258
  • Jan 20, 2022 1:28am Jan 20, 2022 1:28am
t 07-25.
it looks like i will trade off the 04-00 4 hour bar.
small range at present, and the open should move it enough in one direction to make profit.
( It should) ????? nothing is guaranteed but, should it break then retrace , we shall fix.
We are dealing with a small range which should be ok to fix.

I probably wish i'd never said that lol
t 07-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,259
  • Jan 20, 2022 1:46am Jan 20, 2022 1:46am
t 07-45 plus, we may even have an inside bar on the 4 hour bar.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,260
  • Edited 3:56am Jan 20, 2022 3:39am | Edited 3:56am
It looks slow. My range is 11.5 and I placed my orders but used a buffer again of about 3 Pips. The actual high or low wasn't touched yet and we are 40 Mins into the hour already. The total daily range today is 30 so according to that it should provide enough room left for today assuming a 70 Pips min. range to be expected.

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Edit. 09:43. The actual high got reached. So without a buffer I would be already long now.

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Edit. 09:46. It barely touched the high and boom, down it went. Now up again? So this is the struggle with what people refer to as "false breakouts".

The actual low was touched too now and glad I used a buffer in this case otherwise I would be already long.

Edit. 09:50. I now got triggered my pending sell stop and be short. Let's see.

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