Billytt Die happy trading e/j daily breakout

OMG. I'm doing well here.
I'm out enjoying a band but there is a dick causing trouble. Sooo I either go slap him or say hello in here. Lol
He ain't worth the hassle lol.

6:45am Dax bar. First break was a loser. Second break was a winner . Yes price did run up further but one doesn't know that at the time.
I later noticed the top line ( Brown -just below the tick), marked the top of a consolidation to the left which might have helped with a breakout of consolidation - but that is a different technique to the 6;45am bar used here.

Cable 5 minute traders had a good time I expect.
( Dax 5 minute and EUR/USD 5 minute showed similar chart action - E/J did not)

Going to stay away for awhile and stand on the sidelines.

I'll prob do the same Mr T.

i've been on the boat ( inflatable) zipping around.
I did trade today.
The 07-45 15 min bar break. The high broke for the customary 1%
The 08-00 15 min high broke for a few but i didnt touch it.#
When price dropped i did short off the 08-00 low for a few more %%%%.

That is that until tomorrow.
i'm off to London shortly on a bit of business, then a bit of a holiday with gf. yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay.
Trade well all.

t 08-03
i lied. 07-45 15 min bar range. low broke for +1 ( and a bit). nothing much doing yet. I may look at the 08-00 15 bar to short.
t 08-05

t 08-10 gu 1 min chart just copied.
as i wrote the above i saw price drop but here.
R = the 07-45 range of a small 8
x = the break, this got the 1% and trade closed.

BUT ,,,,,,1 = retrace back into the 07-45 range. we could short anywhere inside this area. I DID'T ive made enough.

Only thing wrong with trading the retrace back into body, it can and does fail, so then we have to fix.
On a beautiful day like this we will want to get out in the sun

t 08-31

t 08-35
gu chart just copied , price dropped again and then moved back uk.
t 08=36

t 08-37
Cable 08-00 15 min bar, the low broke and price went through the 00-00 4 hour bar range, i did short as i always will for more than 1% yaaaaaaaaaaay

closed trade and price moving back up now.
i am done and i am now going out. Happy Days.
Trade well all.

yaaaaaaaaaaaaaaaaaaaaaaaaaaaaay awesome when you catch the big moves.

t 19-27 i did my normal 07-45 15 min bar trade for the normal 1%.. and got out . high broke lol
The 08-00 15 bar was the same. high broke but i left it it alone...
i am currently in London doing a spot of business, but my gf doesnt like this type of business lol.
Trade well.. look for the price dropping.

21=19
another late post from London.

i did trade off the 07-45 15 min bar . high broke and i got the 1% and like yesterday i got out fast.
the 08-00 15 bar high broke and again i left it. this was good.

My gf is doing my head in, i was trading the 07-45 and she says stop doing that, so i asked , what do you want ( as in a gift) she just answered with A Kiss! bless.

t 21=53 quick one regarding the 08-00 15 min bar candle break.
This was sneaky of the brokers.
1 = the 07-45 15 min bar.
2 = the 08-00 15 min bar.

x = these 3 bars came very very close to breaking the 08-00 15 min bar low, I need an exact number for trigger.
3 = the 08-00 did break and look what happened. lol

i visit the gu thread and remain quiet.
I cannot believe the amount of people visiting it.
I am not being nasty but we have people in there saying gu going up and people saying gu going down.
In my opinion ridiculous charts BUT , if you actually zoom in you can see the triggers where the break will be, Long or Short.

Keep it simple guys,

t 08=52
Cable chart copied ages ago.
The 07-45 15 min bar low broke , i actually missed the first close trade , price moved back into body of range and then dropped again for 1%

the 1 minute charts show 1 = low break of 07-45 range. 2 = 2nd time the low was broke. 3 = we can add another short anywhere in this area.

Ideally we can add a second re trade after the first trade has been good.. and even a second and third.....
i will speak more about this later.


edit. AND i will contradict myself, lol

1st, The more you trade the more chance you have to lose. <<<<< first contradiction.

If your first trade is successful , why trade again same session ? <<<<<< another contradiction. <<<<< more risk.

If i trade for 1% , like i do now. why trade for more %%%. <<<<< yet another contradiction. <<<<<< more risk.

I nearly always get my 1% and stop trading.
My main reason for trading again ( a second trade), is because price has moved back into my trade range not long after my first trade is good.
Plus we still have a small daily range. Daily Range is the Grail.

Many years ago i would enter 2 trades on a break, one trade would be closed at +5 and the other trade left to run. i did stop doing this mainly due to the fact that i perfected my method.

i'll add more later.

t 09-48

Cable 07-45 15 min break. Ok i have already posted this.
A = the 07-45 15 min bar range.
1 = price went through the low . ok i was looking for 1 pip which i got , the 3rd break,many more pips could of been gained. But not by me.
2 = price above the low. we can short any where price is. This difficult as we do not know if price will go higher, or even keep going higher.

brilliant quote!

i am still on my holidays, so catch up soon...

Hey Billy! A day like Wednesday must "hurt" risking 15 Pips (-15%) to make 1, seeing price floating a 180 Pips (+180%) higher where New York boys girls (or the 250 other genders) not even came out of their pajamas?


Have nice weekend all.

[quote=billytt;14098459]Daily Range is the Grail./quote]

Let's say its true and you know for certain you will 100% have a 70 Pips min daily range for any given day of the year.

The breakout range you first enter, for example the 07:45-08:00 is 30 Pips of range. You place your stop/counter at the opposite end (risk -30 Pips or "%).

Your first entry failed. You are now -30%. (Forget slippage, you could be even -60% getting not filled at the price you expected...) Without increasing your position size on the next (second entry) you now need to make at least 30% to be back to breakeven by the end of the day.

A second entry can fail, a third entry can fail. What you risk for that again and do you even have a limit how many entries you will place for a day?

A daily range is nice. It like knowing you have traffic on the high way, but still you can crash your car with every move. So is it really a help knowing you have X potential movement a day?

Now i already head the haters coming and saying you are so negative and so on. I am NOT. These are just basic questions/concerns.

Have a nice weekend.