Billytt Die happy trading e/j daily breakout | Page 3173 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #63,441
  • Mar 18, 2023 11:42pm Mar 18, 2023 11:42pm
GER40 - Just been doing a bit of a visual on last month & a bit since 1st Feb. (33 trading days )
VERY basic & rough summary and does not take account of what price did within the breakout bar (whether it retraced to hit any possible stops ).
It is a visual only and is basically showing the initial runs. A lot of these moved a lot further than the 50 but obviously we would have to work out how big a stop we would want to handle.

Attached File(s)
File Type: docx targets GER40.docx   12 KB | 293 downloads




Confirms what Claudia has said - a basis of a simple system that keeps on giving.
  • #63,442
  • Mar 19, 2023 10:36am Mar 19, 2023 10:36am
FTSE worth watching on London open tomorrow.
Attached Image (click to enlarge)
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  • #63,443
  • Mar 20, 2023 4:10am Mar 20, 2023 4:10am
Huge range 4-8am. Still had to treat today like any other trading session. Got put in Short and quickly raced to +40 but then turned around and found my Stop . Still trialling 100 target with a 50 Stop. It's a nasty day by the looks .. This is still a work in progress for me so only a Sim Account ( but still hurts ).
I am aware that a trailing stop loss could be useful as a safeguard but I am building up the stats on successful trades. Stay safe all.

Attached Image (click to enlarge)
Click to Enlarge Name: Ger40 20 mar final.png Size: 29 KB
  • #63,444
  • Edited 7:48am Mar 20, 2023 5:51am | Edited 7:48am
Edit: Didn't take GU trade. Lost on shorting Ger 40 but won on the long trade.

+ 30 ish for the day overall.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Germany 40_20230320_10.47.png Size: 18 KB
Click to Enlarge Name: GBP_USD_20230320_12.43.png Size: 20 KB
  • #63,445
  • Mar 20, 2023 9:12am Mar 20, 2023 9:12am
Quoting claudia1
Edit: Didn't take GU trade. Lost on shorting Ger 40 but won on the long trade. + 30 ish for the day overall. {image} {image}
I lost on the short and on a long. Then took another long over 14800 and finished with twelve after closing just above 14930 ( Highest point from far left of chart.)

The first long would have been better if I stayed in. because I was not stopped out as per my channel approach (Roadmap) but I messed up.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2023-03-20_14-08-11_ea1ab.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
  • #63,446
  • Mar 20, 2023 10:51am Mar 20, 2023 10:51am
The E/J still moves sufficiently well to allow scalping ( Not traded by me - just observing forwards for a while)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_2023-03-20_15-50-02_08895.png Size: 138 KB
every Saint has a past. Every Sinner has a Future
  • #63,447
  • Mar 20, 2023 3:07pm Mar 20, 2023 3:07pm
Good morning (NZ Time) - probably providing my own answer here but I noted overnight that my EA pending orders were not activated
Is that because I closed the lid of my laptop I wonder??
I have read somewhere that the PC is put into sleep mode rather than closing auto instructions.
Anyone offer a comment please.
  • #63,448
  • Mar 20, 2023 3:09pm Mar 20, 2023 3:09pm
Busy day on Ger40. Huge 4-8 range and even larger 8-12 bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Ger 40 12pm.png Size: 21 KB
  • #63,449
  • Mar 20, 2023 3:14pm Mar 20, 2023 3:14pm
Quoting binnie
Good morning (NZ Time) - probably providing my own answer here but I noted overnight that my EA pending orders were not activated Is that because I closed the lid of my laptop I wonder?? I have read somewhere that the PC is put into sleep mode rather than closing auto instructions. Anyone offer a comment please.
Good morning !! It's 20.09 here and wine bottle is open. Been a good day after a bad start

Closing the lid would put it into sleep mode and stop the EA working.
  • #63,450
  • Mar 20, 2023 3:21pm Mar 20, 2023 3:21pm
Quoting claudia1
Edit: Didn't take GU trade. Lost on shorting Ger 40 but won on the long trade. + 30 ish for the day overall. {image} {image}
Awesome - bit like the get out stakes in the last race
Pretty scary info coming out of Europe last night. Son living in Germany was a bit concerned about this banking fiasco. Things seem to have settled overnight - at least according to the markets. Here's hoping..
I think you ( or possibly one of the other experienced folk on this forum ) might have suggested at some stage that when markets move that large, perhaps we lower expectations & aim for smaller targets.. Is this where the ADR might come in to play??? If the ADR is exceeded in that early range, then should we just sit on our hands and turn all EA's off??
  • #63,451
  • Mar 20, 2023 3:25pm Mar 20, 2023 3:25pm
Quoting claudia1
{quote} Good morning !! It's 20.09 here and wine bottle is open. Been a good day after a bad start Closing the lid would put it into sleep mode and stop the EA working.
Cheers Claudia - there I did answer my own question. Been sitting here trying to work out why the opposite direction pendings were re-instated as soon as I opened my laptop this morning but there was no mention of the original pendings inside the EA. LOL Now I Know
Whats the wine of choice
  • #63,452
  • Mar 20, 2023 3:28pm Mar 20, 2023 3:28pm
Quoting binnie
{quote} Cheers Claudia - there I did answer my own question. Been sitting here trying to work out why the opposite direction pendings were re-instated as soon as I opened my laptop this morning but there was no mention of the original pendings inside the EA. LOL Now I Know Whats the wine of choice
Good you got sorted.

I got a chilled chardonnay.
  • #63,453
  • Mar 20, 2023 3:32pm Mar 20, 2023 3:32pm
Quoting binnie
{quote} Awesome - bit like the get out stakes in the last race Pretty scary info coming out of Europe last night. Son living in Germany was a bit concerned about this banking fiasco. Things seem to have settled overnight - at least according to the markets. Here's hoping.. I think you ( or possibly one of the other experienced folk on this forum ) might have suggested at some stage that when markets move that large, perhaps we lower expectations & aim for smaller targets.. Is this where the ADR might come in to play???...
Right or wrong I'm not using ADR these days. Really have gone back to basics and keeping it as simple as possible !!
  • #63,454
  • Mar 20, 2023 3:36pm Mar 20, 2023 3:36pm
Quoting turnip15
{quote} I lost on the short and on a long. Then took another long over 14800 and finished with twelve after closing just above 14930 ( Highest point from far left of chart.) The first long would have been better if I stayed in. because I was not stopped out as per my channel approach (Roadmap) but I messed up. {image}
Hi T - I did not try that opposite breakout but I follow what you did. Also see you used the break off the open line too. at least it was not a total whitewash. Its good to follow what you are all doing. Cheers.
  • #63,455
  • Mar 20, 2023 3:40pm Mar 20, 2023 3:40pm
Quoting claudia1
{quote} Good you got sorted. I got a chilled chardonnay.
NZ I Hope
Attached Image (click to enlarge)
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  • #63,456
  • Mar 20, 2023 4:27pm Mar 20, 2023 4:27pm
Quoting turnip15
{quote} I lost on the short and on a long. Then took another long over 14800 and finished with twelve after closing just above 14930 ( Highest point from far left of chart.) The first long would have been better if I stayed in. because I was not stopped out as per my channel approach (Roadmap) but I messed up. {image}
Mr T interesting, is your channel just an EMA?
  • #63,457
  • Mar 20, 2023 4:38pm Mar 20, 2023 4:38pm
Quoting Lineseeker
{quote} Mr T interesting, is your channel just an EMA?
All revealed here. Laura's threads, including her journal thread , are a mine of useful and practical information.
https://www.forexfactory.com/thread/...o-read-markets
every Saint has a past. Every Sinner has a Future
  • #63,458
  • Mar 21, 2023 3:23am Mar 21, 2023 3:23am
Quoting turnip15
{quote} All revealed here. Laura's threads, including her journal thread , are a mine of useful and practical information. https://www.forexfactory.com/thread/...o-read-markets
Just had a quick look - see Laura hasn't posted for 6 months or so.
  • #63,459
  • Mar 21, 2023 3:28am Mar 21, 2023 3:28am
Nice little bounce on FTSE open. Ger 40 messing around again. Will wait until it settles.
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE 100_20230321_08.25.png Size: 12 KB
  • #63,460
  • Mar 21, 2023 3:30am Mar 21, 2023 3:30am
here is how i use lauras 8ema channel:

in the red area all closes of candles have been inside=no trend

in the blue area candles startet to breach the channel and close outside=trend
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH18ema.png Size: 24 KB
trading is like dancing, don't think and just listen to the music!
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