Billytt Die happy trading e/j daily breakout | Page 3095 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #61,881
  • Jul 20, 2022 6:09am Jul 20, 2022 6:09am
Quoting turnip15
{quote} Sorry Bird. The approach I use is Laura's "Roadmap." I should really post on there since it clearly causes confusion here. I adapted it slightly -channel break by a bar with the high and low of that bar as a stop. Close price when price exit bar on other side OR it breaks your trendline(speed line) which manages your trade. Levels on the left prior to London open and recent levels should cause you to watch trade closely (I often fail at this and enter trades when price is banging against a level. Long loser followed by short loser should...
i have studied lauras approach a lot, so now i understand you better.

i use her templates also, especially the EMA channel.

interesting because i prefer to come into a trade when i see a reaction back into the channel. but i understand you now better, thx.
trading is like dancing, don't think and just listen to the music!
  • #61,882
  • Jul 20, 2022 6:35am Jul 20, 2022 6:35am
Quoting birdland
{quote} i have studied lauras approach a lot, so now i understand you better. i use her templates also, especially the EMA channel. interesting because i prefer to come into a trade when i see a reaction back into the channel. but i understand you now better, thx.

Hi B, hope you are we..
It is often good to make a method your own, or make slight adjustments and stick to it.

Plus you get a better understanding .
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,883
  • Jul 20, 2022 6:41am Jul 20, 2022 6:41am
t 14-39
Dax 4 hour chart just copied.
That looks interesting for a move up, obviously we have another 1 hour 20 mins until bar closes.
Attached Image (click to enlarge)
Click to Enlarge Name: dax 20 07 D.png Size: 5 KB
i will not be trading it, just saying. lol
t 14-41
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,884
  • Jul 20, 2022 7:40am Jul 20, 2022 7:40am
Quoting birdland
{quote} i have studied lauras approach a lot, so now i understand you better. i use her templates also, especially the EMA channel. interesting because i prefer to come into a trade when i see a reaction back into the channel. but i understand you now better, thx.
Hello B
This one for example on the Dow. The question mark is where I took a long which went against me. Rather than let the bar exit the other side of the channel and close
( or retrace the entire trigger bar) I exited for a small loss. NOTE I had marked in a BIG round number just above and realised when clicking the button that I may have messed up - which I duly did. The last long was where price had curled around from a lower high to retrace slightly to sit on the Big round number 31700. This trade took off with little hesitation. The first short was a close run thing for example where price dithered dangerously close to a stop out.
The second short ran away no problem. The ? trade -apart from poor concentration, also dithered about before being closed at a loss.
Hope this gives a little insight how I work.
Edit: long now closed - too much at risk.
Attached Image (click to enlarge)
Click to Enlarge Name: US30_2022-07-20_15-30-11_40b43.png Size: 161 KB
every Saint has a past. Every Sinner has a Future
  • #61,885
  • Jul 20, 2022 7:46am Jul 20, 2022 7:46am
Quoting turnip15
{quote} Hello B This one for example on the Dow. The question mark is where I took a long which went against me. Rather than let the bar exit the other side of the channel and close ( or retrace the entire trigger bar) I exited for a small loss. NOTE I had marked in a BIG round number just above and realised when clicking the button that I may have messed up - which I duly did. The last long was where price had curled around from a lower high to retrace slightly to sit on the Big round number 31700. This trade took off with little hesitation. The...
Look at the retracement from that left looking high at 31840 ( 31850 line just above) best to take what you got at those levels and sit back or get Mrs T a Pimms
You can always get back in later BUT with that haul would you risk it. Not me anyway cos I am chicken

EDIT
Just just returned to, and passed, yesterdays high at 31865 around 1547hrs UK time
Attached Image (click to enlarge)
Click to Enlarge Name: US30_2022-07-20_15-42-31_b9a5a.png Size: 166 KB
every Saint has a past. Every Sinner has a Future
  • #61,886
  • Jul 20, 2022 7:55am Jul 20, 2022 7:55am
Off now for chocolate biscuits and cups of tea for Mrs T and I.
Honest !!
every Saint has a past. Every Sinner has a Future
  • #61,887
  • Jul 20, 2022 7:58am Jul 20, 2022 7:58am
Quoting turnip15
Off now for chocolate biscuits and cups of tea for Mrs T and I. Honest !!
chocolate biscuits??? messy lol.
i had a cup of tea not long ago, very refreshing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,888
  • Jul 20, 2022 8:36am Jul 20, 2022 8:36am
Quoting turnip15
{quote} Hello B This one for example on the Dow. The question mark is where I took a long which went against me. Rather than let the bar exit the other side of the channel and close ( or retrace the entire trigger bar) I exited for a small loss. NOTE I had marked in a BIG round number just above and realised when clicking the button that I may have messed up - which I duly did. The last long was where price had curled around from a lower high to retrace slightly to sit on the Big round number 31700. This trade took off with little hesitation. The...
got my 22 year old volvo back from the workshop "healthy". the throttle was defective. i didn't know he needed a songbird ;-)

yes i got it now Mr T, makes sense what you are making and now i can follow your trades better. great stuff!
trading is like dancing, don't think and just listen to the music!
  • #61,889
  • Jul 20, 2022 8:45am Jul 20, 2022 8:45am
Quoting birdland
{quote} got my 22 year old volvo back from the workshop "healthy". the throttle was defective. i didn't know he needed a songbird ;-) yes i got it now Mr T, makes sense what you are making and now i can follow your trades better. great stuff!
I was 22 once - long, long ago
every Saint has a past. Every Sinner has a Future
  • #61,890
  • Jul 20, 2022 8:46am Jul 20, 2022 8:46am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 27 KB

H4 00:00 Money bar
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #61,891
  • Jul 20, 2022 11:42am Jul 20, 2022 11:42am
Quoting TooSlow
{image} H4 00:00 Money bar
yes indeed. as you know i have stopped trading the 4 hour bar, but i constantly watch it as i do with the daily range.

I did a couple of trades today which i never spoke of, i hit over 20% profit ( 20.75%)
these were based off the 4 hour bar high, breaking the 00-00 range and dropping down, then traded off the 08-00 & 07-45 15 min bars.

Dont forget i am compounding too, so i do not need many pips.
Trade well. and do it again tomorrow. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,892
  • Jul 20, 2022 11:14pm Jul 20, 2022 11:14pm
t 07-08
Cable, yesterdays daily range = 84. todays 00-00 4 hour bar range =24.
The 00-00 high has broken for approx 15 so far.

We also have inside bars on the 4 hour chart. If we had traded the first ib aggressively we would of failed.
i'll go get a chart.
t 07-12 cable 4 hr chart just copied.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 21 07 A.png Size: 4 KB
1 = ib
2 = this broke the 1 ib then price moved up. this bar is now an outside bar.
3 = the original mother bar. and the high has been broken.

t 07-14
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,893
  • Jul 20, 2022 11:21pm Jul 20, 2022 11:21pm
Dt 07-17
Dax 4 hour chart just copied.
I highlighted this pin type bar yesterday ( with arrow) did it win or fail????
The high broke and it then dropped 100+ before moving back up ....

that = 1 is an inside bar. the high broke for a lot. none traded by myself.
t 07-21
Attached Image (click to enlarge)
Click to Enlarge Name: dax 21 07 A.png Size: 5 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,894
  • Jul 20, 2022 11:53pm Jul 20, 2022 11:53pm
t 07-53
Cable. i will trade off the 07-45 15 minute bar.
Hopefully short but if the high breaks i will long.
t 07-53
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,895
  • Jul 21, 2022 12:04am Jul 21, 2022 12:04am
t 08-03
cable, low broke for +1%. i am out.
My bias is long, i will look what the 08-00 15 min bar does, as i will look to short again.
Trade well all.
t 08-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,896
  • Jul 21, 2022 12:18am Jul 21, 2022 12:18am
t 08-17
Cable, the 08-00 15 minute range low broke, so short and it dropped to the 00-00 4 hour bar range low. kerching.

I did short, , we have lots of points left but i am out.
Maybe do what i did yesterday,if price moves back up .
trade well all.
t 08-18
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,897
  • Jul 21, 2022 12:23am Jul 21, 2022 12:23am
t08-21
Cable, so far today the daily range is 46. it should make at least 70 so we have lots to play , i say this just in case we have a fail.
I wont because i have finished for now, lol.
i will add the actual 5 day daily range in a minute.
t 08-22

t 08-24 the actual 5 day avearge daily range is.. 112
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,898
  • Edited 2:20am Jul 21, 2022 1:01am | Edited 2:20am
i am off for a stroll with my gf.

I am being very thoughtful these past few days, as my drum instructor is teaching me to drum Jimi Hendrix's Manic Depression, it is anything but.
catch you all alter.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,899
  • Jul 21, 2022 2:20am Jul 21, 2022 2:20am
Back, its a lot warmer than i thought..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #61,900
  • Jul 21, 2022 3:17am Jul 21, 2022 3:17am
t 11-16
cable 15 min chart just copied, will price move upto the 00-00 4 hr low and bounce down.
1 = the 08-00 15 min bar.
I am not trading now until tomorrow.#
Attached Image (click to enlarge)
Click to Enlarge Name: gu 0=21 07 C.png Size: 6 KB
t 11-17
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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