Billytt Die happy trading e/j daily breakout | Page 3145 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #62,881
  • Nov 15, 2022 8:11am Nov 15, 2022 8:11am
Quoting billytt
you know Claudia, i hang around in the other thread. Many seem obsessed with lines, graphs , fundamental talk and they still get it wrong. I rarely show consolidation bars but i do speak of them and the saqme with inside bars on the 4 hour. You've shown 2 examples today of consolidation areas and both are good winners, we even had the inside bars on Cable. Very easy set ups and nothing fancy, just price action.
Agree - keep it as simple as possible. Pure price action so don't need hundreds of indicators.

The thing that is producing these set ups comes as standard with IG's chart. Never found it before (unless it's new) as I've always used MT4.
  • #62,882
  • Nov 15, 2022 9:01am Nov 15, 2022 9:01am
An order pre US market open would have beeen good.
Attached Image (click to enlarge)
Click to Enlarge Name: Dow.png Size: 19 KB
  • #62,883
  • Nov 15, 2022 9:02am Nov 15, 2022 9:02am
That's it for the day enough charts.
  • #62,884
  • Nov 16, 2022 1:02am Nov 16, 2022 1:02am
Quoting billytt
T 10-17 Cable update. 1= 08-00 bar. 2 = high broke. 3= low broke. 4 = high broke {image} like i said, the easy part is the entry, but Take Profit is difficult part. Now you know why i take a few.lol t 10-20
Hi Bird, i will not add another chart, but after my last chart price went up big time..

If you watch the daily range when watching the 08-00 15 minute candle, you can see how many potential pips you can make after a break.
Also if the 08-00 candle breaks ends more than 2/3 times you will then have better odds of getting a proper break.

i call these opportunist trades, ie, when you open a chart and see that the 08-00 candle has already broken more than once/twice maybe three times.

Lets see what today brings.
Trade well.
t 07-02
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,885
  • Nov 16, 2022 1:14am Nov 16, 2022 1:14am
Quoting billytt
{quote} Hi Bird, i will not add another chart, but after my last chart price went up big time.. If you watch the daily range when watching the 08-00 15 minute candle, you can see how many potential pips you can make after a break. Also if the 08-00 candle breaks ends more than 2/3 times you will then have better odds of getting a proper break. i call these opportunist trades, ie, when you open a chart and see that the 08-00 candle has already broken more than once/twice maybe three times. Lets see what today brings. Trade well. t 07-02
thx billy,
I have fully understood the content of your trading concept, so I don't need to see any more charts.

what i will try in the next few days is to trade all m15 breaks for 1-2 points, i will hedge from -15. i know the probabilities decrease after the london open, but i will try anyway;-)

let's see, i find your method extremely interesting because it is so simple.
trading is like dancing, don't think and just listen to the music!
  • #62,886
  • Nov 16, 2022 1:32am Nov 16, 2022 1:32am
Quoting birdland
{quote} thx billy, I have fully understood the content of your trading concept, so I don't need to see any more charts. what i will try in the next few days is to trade all m15 breaks for 1-2 points, i will hedge from -15. i know the probabilities decrease after the london open, but i will try anyway;-) let's see, i find your method extremely interesting because it is so simple.

Also, the 00-00 to 04-00 am bar is very useful.
You can trade this the same way as the 08-00 bar, obviously it is a bigger range.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,887
  • Nov 16, 2022 1:48am Nov 16, 2022 1:48am
Quoting billytt
{quote} Also, the 00-00 to 04-00 am bar is very useful. You can trade this the same way as the 08-00 bar, obviously it is a bigger range. Trade well.
yes i will try that also, after -15 i will hedge it.
trading is like dancing, don't think and just listen to the music!
  • #62,888
  • Nov 16, 2022 1:57am Nov 16, 2022 1:57am
T 07-55
Cable 4 hour chart.

1= the 00-00 to 04-00 range low broke. this would of been a fail.
2 = the 00-00 to 04-00 range high broke. until the low breaks ,the bias is still long.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 16 A.png Size: 13 KB
lets see what happens.
t 07-57.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,889
  • Nov 16, 2022 2:32am Nov 16, 2022 2:32am
t 08-31.
Cable, the 07-45 to 08-00 bar did not trigger. (it nearly did).
The 08-00 to 08-15 bar low did trigger, i got % not much movement though.
My bias is still hiogh though.
trade well all.
t 08-32
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,890
  • Nov 16, 2022 2:48am Nov 16, 2022 2:48am
t 08-47
DAX, i do not think the 06-45 break would of been good.... i definitely would of failed if traded.
But the 07-45 break would of been good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,891
  • Nov 16, 2022 2:53am Nov 16, 2022 2:53am
Quoting billytt
t 08-31. Cable, the 07-45 to 08-00 bar did not trigger. (it nearly did). The 08-00 to 08-15 bar low did trigger, i got % not much movement though. My bias is still hiogh though. trade well all. t 08-32
i got triggered at that 07-45 to 08-00 bar and hedging me now out;-)
trading is like dancing, don't think and just listen to the music!
  • #62,892
  • Nov 16, 2022 2:54am Nov 16, 2022 2:54am
t 08-52
Hi Bird, quite a few of the other pairs 08-00 to 08-15 bar break was good e/u, u/j, e/j etc.
Just saying. i never touch them as i am happy with just the one pair.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,893
  • Nov 16, 2022 2:57am Nov 16, 2022 2:57am
Quoting billytt
t 08-52 Hi Bird, quite a few of the other pairs 08-00 to 08-15 bar break was good e/u, u/j, e/j etc. Just saying. i never touch them as i am happy with just the one pair.
i am also not touching them, GU is enough!
trading is like dancing, don't think and just listen to the music!
  • #62,894
  • Nov 16, 2022 3:17am Nov 16, 2022 3:17am
Quoting birdland
{quote} i got triggered at that 07-45 to 08-00 bar and hedging me now out;-)
that 07-45 bar came to within 0.4 of triggering. like i posted. the bias is still long.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,895
  • Nov 16, 2022 3:20am Nov 16, 2022 3:20am
Quoting billytt
{quote} that 07-45 bar came to within 0.4 of triggering. like i posted. the bias is still long.
yes but that low bar end i didnt take. it was too large.
trading is like dancing, don't think and just listen to the music!
  • #62,896
  • Nov 16, 2022 3:24am Nov 16, 2022 3:24am
Quoting birdland
{quote} yes but that low bar end i didnt take. it was too large.
The 07-45 bar was large. but the next bar 08-00 was good. the low broke.

I do not know what you did, byt if i were long off the 07-45 ,i would of shorted the 08-00 as a fix.

I know i said the bias is long, i go off stats with the 08-00 .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62,897
  • Nov 16, 2022 3:32am Nov 16, 2022 3:32am
Quoting billytt
{quote} The 07-45 bar was large. but the next bar 08-00 was good. the low broke. I do not know what you did, byt if i were long off the 07-45 ,i would of shorted the 08-00 as a fix. I know i said the bias is long, i go off stats with the 08-00 .
yes i was long the 07-45 bar, then i hedged and took the 08-00 bar short for +5. still -10 now and waiting for trigger.
trading is like dancing, don't think and just listen to the music!
  • #62,898
  • Nov 16, 2022 3:36am Nov 16, 2022 3:36am
Quoting billytt
t 08-47 DAX, i do not think the 06-45 break would of been good.... i definitely would of failed if traded. But the 07-45 break would of been good.
Here it is. Don't forget our Lem's "wick zone" approach ( not used this time but food for thought). Got 5 on break long and then stopped out -always want to be paid something when in profit
Not like yesterday but keep at it and manage your dosh.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-11-16_09-35-37_f30b8.png Size: 146 KB
every Saint has a past. Every Sinner has a Future
  • #62,899
  • Nov 16, 2022 3:39am Nov 16, 2022 3:39am
Quoting turnip15
{quote} Here it is. Don't forget our Lem's "wick zone" approach ( not used this time but food for thought). Got 5 on break long and then stopped out -always want to be paid something when in profit Not like yesterday but keep at it and manage your dosh. {image}
The one minute view but ignore the trade after 8am as that is a different approach
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-11-16_09-37-42_14e6e.png Size: 148 KB
every Saint has a past. Every Sinner has a Future
  • #62,900
  • Nov 16, 2022 3:42am Nov 16, 2022 3:42am
Quoting birdland
{quote} yes i was long the 07-45 bar, then i hedged and took the 08-00 bar short for +5. still -10 now and waiting for trigger.
i spoke last week about this retrace trade.

Cable 15 min chart just copied.
1 = 08-00 bar.
2 = price broke low, i went short then closed as usual.
3 = price moved back into the 08-00 range, this can be shorted again.
4 = price broke the 08-00 low again.
This can be productive and i have traded tghis many times, but it can fail. then it is back to hedging/countering etc.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 16 B.png Size: 10 KB
Trade Well.
t 09-42
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
107 traders viewing now