Billytt Die happy trading e/j daily breakout | Page 3038 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #60,741
  • Feb 15, 2022 12:37pm Feb 15, 2022 12:37pm
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Another day of Billy raking it in off the 00:00 H4 High/Low breaks.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,742
  • Feb 15, 2022 1:45pm Feb 15, 2022 1:45pm
Quoting TooSlow
{image} Another day of Billy raking it in off the 00:00 H4 High/Low breaks.
I wouldn't say raking it in. My long trade was the main trade and I did short for another 5.
In theory I shouldnt of done that as really it was greed lol.
I had plenty of daily range left.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,743
  • Feb 15, 2022 1:54pm Feb 15, 2022 1:54pm
It doesn't matter if cable daily range is 30 or 60 or 80 etc. If your first trade goes in. You don't need the daily range.
If your looking for 20,30,40 fekkin pips. You don't trade like me.
If your freaked out with trend, resistance/support even news. Don't trade like me.
Let the market makers move price and follow them.
They won't screw themselves up.
Having said that, we can trade specifically to hunt the Daily range, and yes just lately cable has been less than fruitful. Try Dax, nifty 50 , they all work the ssmem
And yes, you can live off 5 pips.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,744
  • Feb 15, 2022 2:04pm Feb 15, 2022 2:04pm
Almost forgot.
FREQUENCY DISTRIBUTION STATS, These are the game players. Even with daily range as opposed to average daily range. The world is run by these stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,745
  • Feb 15, 2022 3:21pm Feb 15, 2022 3:21pm
Quoting billytt
Almost forgot. FREQUENCY DISTRIBUTION STATS, These are the game players. Even with daily range as opposed to average daily range. The world is run by these stats.
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Click to Enlarge Name: TOOSLOW4.png Size: 56 KB

Fresh stats for you, Mate. Cheers!

Past 10 days only 2 days of range over 100 pips.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,746
  • Feb 15, 2022 3:24pm Feb 15, 2022 3:24pm
Quoting billytt
{quote} I wouldn't say raking it in. My long trade was the main trade and I did short for another 5. In theory I shouldnt of done that as really it was greed lol. I had plenty of daily range left.
Question for Billy: When the 4:00 H4 bar is an inside bar, do you trade the breakout of that bar or wait for the 00:00 H4 bar break? Thanks, Mate.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,747
  • Feb 15, 2022 4:29pm Feb 15, 2022 4:29pm
Quoting birdland
interesting day. on H1 we had a big bar on the upside and one on the downside. {image}
Pretty much back where we started, lol.
  • #60,748
  • Feb 16, 2022 12:50am Feb 16, 2022 12:50am
Quoting TooSlow
{quote} {image} Fresh stats for you, Mate. Cheers! Past 10 days only 2 days of range over 100 pips.
Thanks TS, The daily Range/s i am more interested in are the lowest ranges.
Cable , the last 10 days starting on 02/02/22 =X to 15/02/22 =Y, and not including Sundays
Ranges are 72-91-110-61-57-63-120-96-77-81
i am primarily looking at the 57-61-63 then 72-77 these equate to 50% of the 10 days

of those 10 days, the 00-00 4 hour bar has had 8 good trades of +5 and 2 fail days.
We had a fail on the 9th and the daily range was 63. and a fail yesterday 15th 81 daily range.
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,749
  • Feb 16, 2022 12:58am Feb 16, 2022 12:58am
t 06-55
Cable chart just copied. i have placed the 2 black 70 range vertical lines on the highest high and lowest low.
The 00-00 4 hour bar high has broken and i got +5. i closed the trade and am done for the day lol. ( maybe short it later)
I now do not care how big/small the daily range is as it doesnt matter now. UNLESS I SHORT LATER.
Attached Image (click to enlarge)
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t 06-58
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,750
  • Feb 16, 2022 1:00am Feb 16, 2022 1:00am
and we are still in the Claudia consolidation range on the daily for over a week.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,751
  • Feb 16, 2022 1:05am Feb 16, 2022 1:05am
Quoting TooSlow
{quote} Question for Billy: When the 4:00 H4 bar is an inside bar, do you trade the breakout of that bar or wait for the 00:00 H4 bar break? Thanks, Mate.
I am trying to trade less and less.
A 4 hour inside bar is good to trade the break. Just lately the cable market has been slowing down and some of these ib breaks have not been ideal.
I normally trade the actual inside bar aggressively , meaning trade the ib and not the mother bar.
So just lately i have stuck to trading the 00-00 break and sometimes the 04-00 break and left the ib,
t 07-05
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,752
  • Feb 16, 2022 2:13am Feb 16, 2022 2:13am
Quoting billytt
{quote} I am trying to trade less and less. A 4 hour inside bar is good to trade the break. Just lately the cable market has been slowing down and some of these ib breaks have not been ideal. I normally trade the actual inside bar aggressively , meaning trade the ib and not the mother bar. So just lately i have stuck to trading the 00-00 break and sometimes the 04-00 break and left the ib, t 07-05
Morning Billy, on the 4 hour breaks would you counter the mother bar level, the inside bar low/high or a nominal amount? Just having a look through some history today...
  • #60,753
  • Feb 16, 2022 2:19am Feb 16, 2022 2:19am
Quoting Fagin
{quote} Morning Billy, on the 4 hour breaks would you counter the mother bar level, the inside bar low/high or a nominal amount? Just having a look through some history today...
I would counter and then watch how much of the daily range has been made.
I play the daily range.

sometimes if the ib has a fail and it is late on in the day. we can then look at the following days daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,754
  • Feb 16, 2022 5:10am Feb 16, 2022 5:10am
Quoting billytt
t 06-55 Cable chart just copied. i have placed the 2 black 70 range vertical lines on the highest high and lowest low. The 00-00 4 hour bar high has broken and i got +5. i closed the trade and am done for the day lol. ( maybe short it later) I now do not care how big/small the daily range is as it doesnt matter now. UNLESS I SHORT LATER. {image} t 06-58

LOL, i have just realised . the 00-00 4 hour bar low did break.
It happened on the 04-00 open .
i wasnt around then lol, Just in case i had traded it, it would of been fixed, just look at the charts.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,755
  • Feb 16, 2022 5:37am Feb 16, 2022 5:37am
Quoting billytt
{quote} LOL, i have just realised . the 00-00 4 hour bar low did break. It happened on the 04-00 open . i wasnt around then lol, Just in case i had traded it, it would of been fixed, just look at the charts.
Yes I noticed that this morning. I got the buy in as well but the range seemed a bit cheeky so I padded in another 10 pips just in case..
  • #60,756
  • Feb 16, 2022 6:26am Feb 16, 2022 6:26am
Quoting Fagin
{quote} Yes I noticed that this morning. I got the buy in as well but the range seemed a bit cheeky so I padded in another 10 pips just in case..
That is what i do, i normally make it 15, Having said that. a few trades ago i didnt lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,757
  • Feb 16, 2022 7:25am Feb 16, 2022 7:25am
Quoting billytt
{quote} That is what i do, i normally make it 15, Having said that. a few trades ago i didnt lol.
i am also doing this like you bill&fagin. it makes sense, even trading from the H2 bars.
trading is like dancing, don't think and just listen to the music!
  • #60,758
  • Feb 16, 2022 7:37am Feb 16, 2022 7:37am
Quoting birdland
{quote} i am also doing this like you bill&fagin. it makes sense, even trading from the H2 bars.

you will see instances of a small range failing one end and then continuing on from the other end break.
But quite often you will get whip with a small range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60,759
  • Feb 16, 2022 9:19am Feb 16, 2022 9:19am
Quoting billytt
{quote} I am trying to trade less and less. A 4 hour inside bar is good to trade the break. Just lately the cable market has been slowing down and some of these ib breaks have not been ideal. I normally trade the actual inside bar aggressively , meaning trade the ib and not the mother bar. So just lately i have stuck to trading the 00-00 break and sometimes the 04-00 break and left the ib, t 07-05
Thanks, Mate. Cheers!

Are your broker and GMT time the same? See upper left hand corner:
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #60,760
  • Feb 16, 2022 9:27am Feb 16, 2022 9:27am
Hi Ts, my 00-00 4 hour bar closes in 34minutes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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