Billytt Die happy trading e/j daily breakout | Page 3110 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #62,181
  • Aug 23, 2022 4:59am Aug 23, 2022 4:59am
Quoting billytt
t 07-25 Hi to my deserted room. Cable. yesterdays daily range was 95.with an adr of 113. Todays average daily range =113 and the 00-00 4 hour bar range = 28. The 00-00 4 hr range low has broken, range being 28. and so far todays range = 53. Trade well all.
Still reading Billy, just not responding much
  • #62,182
  • Aug 23, 2022 5:01am Aug 23, 2022 5:01am
Hi Billy - still lurking here.
  • #62,183
  • Aug 23, 2022 5:05am Aug 23, 2022 5:05am
Quoting Wizzlebizzle
{quote} Still reading Billy, just not responding much

No problem bud, i hope you are well.
Just keep following the market makers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,184
  • Aug 23, 2022 5:10am Aug 23, 2022 5:10am
Quoting claudia1
Hi Billy - still lurking here.
no problem Claudia. i keep looking in that GBP thread, i do not say anything but i feel like screaming at some of them.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,185
  • Aug 23, 2022 5:12am Aug 23, 2022 5:12am
Quoting billytt
{quote} no problem Claudia. i keep looking in that GBP thread, i do not say anything but i feel like screaming at some of them. Trade Well.
Me too !
  • #62,186
  • Aug 23, 2022 5:19am Aug 23, 2022 5:19am
Still lurking here as well...
  • #62,187
  • Aug 23, 2022 5:32am Aug 23, 2022 5:32am
Quoting quintox
Still lurking here as well...
Thank you, and welcome.
I hope you are picking up things/ideas.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,188
  • Aug 23, 2022 6:29am Aug 23, 2022 6:29am
Quoting claudia1
{quote} Me too !
Good break outs long and short on your 6:45am Dax bar this morning Claudia
every Saint has a past. Every Sinner has a Future
  • #62,189
  • Aug 23, 2022 6:40am Aug 23, 2022 6:40am
Quoting billytt
t 08-29 Cable, same with the 08-00 min bar break, High broke , i took 1% and got out. Hopefully price might hit the 00-00 4 hour range low and bounce down. I am stuck in the cottage all day, so hopefully ill get to trade a short.
Saw cable as one short trades and two longs. The second long (two blue arrows) failed cos price drifted or so I think - hence the question marks.
Off out now.

Posted on cable thread once and was totally ignored - wrong handshake I suppose
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-08-23_12-34-59_3727a.png Size: 113 KB
every Saint has a past. Every Sinner has a Future
  • #62,190
  • Aug 23, 2022 6:55am Aug 23, 2022 6:55am
Latest toy.
Looking at ICT YouTube video's.
Lots of ideas for studying on the odd evening Mrs T lets me off household and garden duties.
Not sure what to make of it yet but.....
I am a fan of levels etc but never heard of Fair value gaps -interesting if in context with levels and liquidity grabs etc.
Looking at it in concert with my normal "Roadmap" ( Laura's thread)
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-08-23_12-52-13_a1289.png Size: 128 KB
every Saint has a past. Every Sinner has a Future
  • #62,191
  • Aug 23, 2022 7:19am Aug 23, 2022 7:19am
Quoting turnip15
{quote} Saw cable as one short trades and two longs. The second long (two blue arrows) failed cos price drifted or so I think - hence the question marks. Off out now. Posted on cable thread once and was totally ignored - wrong handshake I suppose {image}
Did you just say something
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,192
  • Aug 23, 2022 7:22am Aug 23, 2022 7:22am
Quoting turnip15
{quote} Saw cable as one short trades and two longs. The second long (two blue arrows) failed cos price drifted or so I think - hence the question marks. Off out now. Posted on cable thread once and was totally ignored - wrong handshake I suppose {image}
i just find it odd that people are jumping up and down saying cable is going down, then the others jumping up and down equally are saying cable is going up.

People are shouting out that price id dropping and they are waiting to go long. WHY NOT SHORT ?????

maybe like me, i will never short Dax, i hate to long cable but i will.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,193
  • Aug 23, 2022 5:06pm Aug 23, 2022 5:06pm
Quoting billytt
{quote} i just find it odd that people are jumping up and down saying cable is going down, then the others jumping up and down equally are saying cable is going up. People are shouting out that price id dropping and they are waiting to go long. WHY NOT SHORT ????? maybe like me, i will never short Dax, i hate to long cable but i will.
If you follow a plan, you get paid to execute, not to think or have a personal bias. You said to trade based on statistics, statistics don't think either? So why bother with going long or short. You get your signal to enter, you enter. You win or lose. Eventually, over the long run, you will be left with a net profit.

Most of the active writers in the GBP/USD thread are plain fortune tellers like you find lots of all over the internet. They all claim something, but can't back their claims by anything. You see people shouting today: "Oh man this will go up i am 100% sure". Then price goes the other way and suddenly you don't hear anything from them anymore... Btw, is Claudia lost in the void? She told me trading the 07:45 - 08:00 range at a fixed RR would be profitable, my tests showed, it isn't.

Many of the people i see on these forums trade on wishful thinking instead of trading a well defined backtested plan for a long enough sample size, playing out the probabilities.

Consistently making +1% ROI a day without taking out any profits (Probably not that hard while only trading a 10k)

SUMMARY:

  1. You started with an investment of:$10000 on 01/01/2022
  2. Your principal amount grew to:$122740.00 by 12/20/2022
  3. Your total cash withdrawals were: $0.00 over the course of 252 business days
  4. Your total NET profit for the 252-day period was: $112740.00

  • #62,194
  • Aug 24, 2022 1:46am Aug 24, 2022 1:46am
t 07-44
Cable, yesterdays adr = 113. yesterdays actual daily range = 160.

Todays adr = 123, the 00-00 4 hour range =39, nothing has happened yet.
Trade well all.
t 07-46
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,195
  • Aug 24, 2022 1:50am Aug 24, 2022 1:50am
My stats have been showing for some time that cable 07-45 is better than the 08-00 to trade the break.

i dislike going long with Cable, BUT I DO.

My stats are good for 20 pips which i used to trade, then for a ,long time i was after 5 pips.
I now play for 1 single solitary pip, and this is really a game for me. i nearly always make more especially if i have a fail plus i compound.
i wont say how muck that 10k account has grown because no one will believe me. lol.
HAPPY DAYS , Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaay.
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,196
  • Aug 24, 2022 1:52am Aug 24, 2022 1:52am
That other thread. the majority of people there think too much, clutter their charts .
Remove the clutter and you can see valid trade entries, whether long or short .
But they do have a couple of decent traders.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,197
  • Aug 24, 2022 2:30am Aug 24, 2022 2:30am
t 08-29
Cable, keep your eye on the 00-00 4 hour bar range. High=11838 and Low = 11799
Hopefully i will show a chart later.
t 08-30


edit t 08-33, chart just copied
Attached Image (click to enlarge)
Click to Enlarge Name: gu 24 A.png Size: 12 KB



t 08-36 that =1 on chart, this bar did not break the 00-00 low, it was very close but not close enough.
that is the market makers playing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,198
  • Aug 24, 2022 2:48am Aug 24, 2022 2:48am
t 08-44
odd start to the morning.
Cable 07-45 break. I actually got my 1% before i got a true 1 pip gain due to the compounding,
I was busy watching dax move up, then the 08-00 cable bar broke, this was a different story as price moved quite quickly up for more than i wanted

Unless price drops, i have done for the day.

keep watching that 00-00 4 hr range, and daily range.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,199
  • Aug 24, 2022 2:49am Aug 24, 2022 2:49am
t 08-48 Dax, will price go back up??? look at that pin on the 15??
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,200
  • Aug 24, 2022 3:22am Aug 24, 2022 3:22am
Quoting billytt
t 08-29 Cable, keep your eye on the 00-00 4 hour bar range. High=11838 and Low = 11799 Hopefully i will show a chart later. t 08-30 edit t 08-33, chart just copied {image} t 08-36 that =1 on chart, this bar did not break the 00-00 low, it was very close but not close enough. that is the market makers playing.
I see that the last 4 hour was an inside bar, already has broken to the upside. Probably expect it to break the upside and then also maybe break the 0000 4Hr range as well.
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