Billytt Die happy trading e/j daily breakout | Page 3028 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,541
  • Feb 3, 2022 3:44am Feb 3, 2022 3:44am
Quoting birdland
all waiting for the BOE red news...
yes indeed. we should still of had more movement than this.

Having said that, i should of closed my trade earlier . i did say.

Take 5 and no waiting around. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,542
  • Feb 3, 2022 3:53am Feb 3, 2022 3:53am
yesterday, Wednesday
below, we had the 00-00 4 hour bar range.
the 2 70 range lines are added on highest high and lowest low.
if low breaks we cxan see where it could go, or if high breaks we can see where it might go.
Attached Image (click to enlarge)
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below, this is what happened, High broke and it kept going.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 D.png Size: 14 KB

what we need is a reversal or two, that first chart, i have erased some of the future event , to simplify it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,543
  • Feb 3, 2022 4:32am Feb 3, 2022 4:32am
Quoting billytt
Quoting turnip15
'Tis a sorry tale I relate. Not for the first time I have needlessly blown a hole in my trading account that will require several days of careful trading to nurse it back to some semblance of health. The day began well: I sat watching the Dax on the one minute chart; price moves past a level and I am in an So sorry to hear of your woe Mr T. It happens, Hands up time, i have done it myself many times.(ok a long time ago). We do not do the walk of shame in here, but i hope people take in what you have done and stay
...
I have been a good boy this morning and clawed back a good chunk of yesterday's damage by using patience, method and discipline. Steady as she goes Capitan and maybe I will learn from yesterday. At least maybe I will learn to switch off operations when chaos appears on my screen and my emotions get in the way of clarity of thought.
I do not subscribe to the "walk of shame " theory but think it is good to make it clear that trading is not all clicking away on some sunlit beach sipping lager and eating Mars bars whilst piling up green pips.
Thanks for the feedback guys.
every Saint has a past. Every Sinner has a Future
  • #60,544
  • Feb 3, 2022 4:43am Feb 3, 2022 4:43am
Mr T is back. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,545
  • Feb 3, 2022 4:47am Feb 3, 2022 4:47am
I closed my Cable short for 5.

even though it didnt happen today..... i did post that my short should of been closed ages ago, but it didnt.
Th 00-00 bar low broke but it almost reversed for the high to be broken. But it didnt.

Humble 5 is enough, what if i was looking for 10 points or 15. This is just extra work, it is easy enough to fix. But who needs extra work.
t 10-47
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,546
  • Feb 3, 2022 4:55am Feb 3, 2022 4:55am
t 10-52

Just suppose i went short here X.
if it reversed up , we would go long off the 00-00 4 hr bar or even 04-00 an we would have plenty of range to play with.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 E.png Size: 13 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,547
  • Feb 3, 2022 6:07am Feb 3, 2022 6:07am
Fri 28th Jan. Cable. a good example.
we have the 00-00 4 hour bar. we place the black vertical 70 range line on the highest high and lowest low.

No1 =00-00 bar.

No 2 = Hi broke for +11.
No 3 low broke for +13
No 4 Hi broke for +22 and then 4 it dropped to break low again. this short made + 4 then up it went
Attached Image (click to enlarge)
Click to Enlarge Name: 03 F.png Size: 15 KB

First break 2 i would of taken 5 then close.
If i was feeling like another trade off the short break 3 i would of got 5

we would of had trouble if we were looking for 10 points, 15 points or even more.


i notice news has just come out
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,548
  • Feb 3, 2022 6:11am Feb 3, 2022 6:11am
t 12-10
just suppose i had a short on =X .with that reversal up, i would of been long off either the 00-00 or 4-00 high . i could see the range i had to play with.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 G.png Size: 13 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,549
  • Feb 3, 2022 10:06am Feb 3, 2022 10:06am
Hi Billy, not been around much today. Got my % early on and had stuff to do.

Thanks for sharing the info, I’ll catch up later.
  • #60,550
  • Feb 3, 2022 10:45am Feb 3, 2022 10:45am
Quoting Fagin
Hi Billy, not been around much today. Got my % early on and had stuff to do. Thanks for sharing the info, I’ll catch up later.
Hi bud, i'm just trying to help.

if you enter a trade and it goes against, watch the daily range. (how much of it you can play with.

Have you got another trigger?
Are your trigger's good .
i always refer to the 00-00 and 04-00 4 hour bar. they are good.

when i traded e/j and had a fail, i would be looking at these bars.
I traded the billy bar, same thing.

As the day progresses and the daily range moves, it is quite often harder to fix.
That is why i take just enough.
Tradae well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,551
  • Feb 3, 2022 12:15pm Feb 3, 2022 12:15pm
Quoting billytt
{quote} Hi bud, i'm just trying to help. if you enter a trade and it goes against, watch the daily range. (how much of it you can play with. Have you got another trigger? Are your trigger's good . i always refer to the 00-00 and 04-00 4 hour bar. they are good. when i traded e/j and had a fail, i would be looking at these bars. I traded the billy bar, same thing. As the day progresses and the daily range moves, it is quite often harder to fix. That is why i take just enough. Tradae well.
It does help a lot thanks. I think I’ve got a pretty solid plan around this now! There is always another day to fix too just in case…
  • #60,552
  • Feb 3, 2022 12:33pm Feb 3, 2022 12:33pm
Quoting Fagin
{quote} It does help a lot thanks. I think I’ve got a pretty solid plan around this now! There is always another day to fix too just in case…
I normally say, there is tomorrow.
We can have a fail. At the other end we can counter and hold until next trigger, which could be tomorrow.
It depends on the trigger and the range already made.
You seem to have the right mindset.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,553
  • Feb 3, 2022 2:03pm Feb 3, 2022 2:03pm
Quoting billytt
{quote} I normally say, there is tomorrow. We can have a fail. At the other end we can counter and hold until next trigger, which could be tomorrow. It depends on the trigger and the range already made. You seem to have the right mindset.
Yes sometimes you just can’t eat that elephant in one go
  • #60,554
  • Feb 3, 2022 4:39pm Feb 3, 2022 4:39pm
Quoting birdland
{quote} hello SF, how is your system trading with SP500 running?
All ok....I am sticking to the weekly chart, much easier to spend 5 mins once a week,
Big drawdown last couple of weeks, I am prepared for the roller coaster ..
Making it back at the moment..
Big bank, small lots...cheers
Onwards and upwards...
  • #60,555
  • Feb 3, 2022 9:44pm Feb 3, 2022 9:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 51 KB

70 Pip offset.

Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 48 KB


Supply Demand
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,556
  • Feb 4, 2022 12:11am Feb 4, 2022 12:11am
t 06-10 Hi all.
Cable 4 hour chart just copied and i am short.

" black vertical lines (70 range) have been placed at highest high and lowest low.
Attached Image (click to enlarge)
Click to Enlarge Name: 04 A.png Size: 20 KB

Trade well, t 06-11
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,557
  • Feb 4, 2022 12:11am Feb 4, 2022 12:11am
Quoting TooSlow
{image} 70 Pip offset. {image} Supply Demand
High TS, thanks for the info. keep it going.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,558
  • Feb 4, 2022 12:19am Feb 4, 2022 12:19am
t 06-18
My first Cable short has been closed for +5.
I have a second short running with smaller lot size. (im trying something lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,559
  • Feb 4, 2022 12:22am Feb 4, 2022 12:22am
t 06-21 Cable 4 hour chart just copied.
i have adjusted 1 black vertical line, to the lowest low.
Dont look at those horizontal lines.
Attached Image (click to enlarge)
Click to Enlarge Name: 04 B.png Size: 20 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,560
  • Feb 4, 2022 12:34am Feb 4, 2022 12:34am
IT'SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS FRIIIIIIIIIIIIIIIIIIIIIIIIIIIII DAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY


Out with my GF tonight watching a band, have a jive , have a beer.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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