Billytt Die happy trading e/j daily breakout

I'm first in the queue.

Billy, you must have raked it in today, Mate.

Thank you. I will look at it.

The general problem with all the chart reading mumbo-jumbo (a great phrase I learned) I have is the following:

A) Technical analyses is no proven science like 1+2=3. So who says that what I will find is actually correct by following a unknown person counting XY swings or connecting XY lines on a chart would validate the fact of having an uptrend, a downtrend or a trend at all? Is that proven somehow over the years. So in the optimal situation be it would be proven since the markets were opened for trading that doing 1+2 would have resulted in 3 every time.

B) I want to trade one specific asset profitable at one time frame. That could be Forex and GBP/USD, EUR/USD or indices like Dax, Dow or things like Gold, what ever. Now let's assume my trading setup/strategy would require to take advantage of only buying in an uptrend scenario and my goal would be to make a profit at the end of the month. What would happen having no such uptrend for a complete month to make buying at XY line valid? You start switching to a smaller time frame until you found a trend? Well see point A again.

So that's why I actually would like to not even have to care about the market condition like having a trend, no trend, range. All i am interested is: Will i be able to make x min amount of money at the end of x period making me a living or not having executed XY rules while having risked x amount for that over x entries made? I do not care where price will go in the longer term or what it will do in the next 2 minutes. I actually believe its far easier to predict what price might be doing in the next 2 minutes instead of what it will do in the next 3 months, so that's another problem I have with swing trading. I could be then better buy and hold stocks instead of trading on leverage and stop watching a chart at all if my goal is to make a diversified portfolio while executing a tons of penny positions over 28 pairs or so every day.

For this reason I don't believe 1 cent that trading the daily, weekly, monthly charts is anywhere less stress than trading the short term "noise" you might get on a 1 hour, 15 min, 1 min of even tick interval. Actually if all this is noise but price is building up from the lowest to the highest (and not the other way around) a Daily chart is also just nothing else than noise. Think about it.

If you have a plan and a pre-set limit of time you going to execute XY rules every day, to me it sounds way less stressful than having to take care about multiple positions opened maybe or maybe not reaching hundreds of Pips away profit target or not one day in the future. The risk of me exiting a position any earlier instead of waiting for it reach its "reward" to play out the pre-assumed risk:reward ratio is then much bigger to me.

Again, thanks. I will keep on trying to find a working plan for me or die trying some day, lol.

I'm not going down that rabbit hole with you any more As long as you continue using a microscope to look for an elephant, you will ALWAYS come up empty.
If you ever come to understand what that really means, you will start to make some money from the markets.

t 06-11
Hi all. Cable 00-00 4 hour bar low has broken and i am short.

00-00 bar is quite short, so maybe the 04-00 4 hour bar might give me more trades later.
Lets see how this trade goes.
Trade Well All.

Hi SW, i have this to go off . (Just Saying) i know you know.
and yes you'll notice i have erased some unnecessary lines.
1 candle 2 lines.lol.
Trade well

t 06-22
Cable 4 hour chart just copied.

the 00-00 4 hour bar low broke =1.
i am short , only looking for 5 points. dont look at those black lines lol

t 06-23

T 06-36 CABLE 4 HOUR CHART.
m = MOTHER BAR, WE ARE ON INSIDE BAR'S ON THE 4 HOUR.
this chart is off another broker, those diagonal lines have nothing to do with me, lol
M = mother bar.
1 = the 00-00 4 hour bar.

t 07-18 Cable 4 hour chart just copied.
I have put the 2 black 70 range vertical lines on the highest high,,lowest low.
If my short fails and i counter with a long etc, i can see where price will go and how much play i have.
Yes it can then drop again, so we rinse repeat or just leave until tomorrow.

That 00-00 range really should be a bigger range.
t 07-21

08-08 m1 bar was 20 pips without relevant news!

t 08-17
that was perfect.lol.
i will put a chart in later.

my short failed, but the counter off the high got exactly 14 (actually 14.1) back , which i had originally lost plus the 5.

Such a long queue

Dax has gone to the moon

omg Mr T

i was just watching it, big move north.
i have dax chart on my screen even though i do not trade it.

guys, it is meant to be an orderly queue. now line up, please.

t 09-24 it is still rising.

Hi Billytt
8:00 15 candle i took long this morning and +5 pips.
Did you trade bar 08-00 15m today?

Hi D and welcome.
I did not trade the 08-00 15 minute bar.

i did go long off the 00-00 4 hour bar high.
I had just had a short fail so i put on a counter and a second trade.
I have lots of room to play with.
i will short agian if i get the chance, even though i have my 5 points bagged.
Trade well.