Billytt Die happy trading e/j daily breakout | Page 3174 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #63,461
  • Mar 21, 2023 5:12am Mar 21, 2023 5:12am
Got + 50 eventually. Has to pull back soon - see what this afternoon brings.
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  • #63,462
  • Mar 21, 2023 5:18am Mar 21, 2023 5:18am
Quoting claudia1
Nice little bounce on FTSE open. Ger 40 messing around again. Will wait until it settles. {image}
No trading this morning - got up too late

Dax chart -whips about but pullback not as savage as yesterday?
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every Saint has a past. Every Sinner has a Future
  • #63,463
  • Mar 21, 2023 5:21am Mar 21, 2023 5:21am
Quoting turnip15
{quote} No trading this morning - got up too late Dax chart -whips about but pullback not as savage as yesterday? {image}
No not as bad as yesterday. No significant news to guide it until later in the week.
  • #63,464
  • Mar 21, 2023 5:21am Mar 21, 2023 5:21am
Quoting birdland
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 {image}
Interesting idea-will look at that. Meantime the E/J on the channel broke for a nice long. Not everyday, because, like any instrument, it will have non directional drift days.
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every Saint has a past. Every Sinner has a Future
  • #63,465
  • Mar 21, 2023 5:56am Mar 21, 2023 5:56am
Claudia this seems to be the most simple strategy that is performing. I think billy would be well jealous.
  • #63,466
  • Mar 21, 2023 6:00am Mar 21, 2023 6:00am
Quoting RieseP
Claudia this seems to be the most simple strategy that is performing. I think billy would be well jealous.
Lol - pleased it works for you. But where is Billy ???
  • #63,467
  • Mar 21, 2023 6:15am Mar 21, 2023 6:15am
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
thank you Mr T!
  • #63,468
  • Mar 21, 2023 6:18am Mar 21, 2023 6:18am
Quoting claudia1
{quote} Just had a quick look - see Laura hasn't posted for 6 months or so.
Claudia - I find forexfactory amazing - you truly get exposed to some extraordinary traders - present company included.

i wish I had come across you folks much earlier however I was a brainwashed fundamentalist (not fun at all!!)
  • #63,469
  • Mar 21, 2023 6:18am Mar 21, 2023 6:18am
Quoting claudia1
{quote}Lol - pleased it works for you. But where is Billy ???
This picture was sent in by a viewer but we can't be certain it is of our man
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every Saint has a past. Every Sinner has a Future
  • #63,470
  • Mar 21, 2023 6:21am Mar 21, 2023 6:21am
Quoting turnip15
{quote} Interesting idea-will look at that. Meantime the E/J on the channel broke for a nice long. Not everyday, because, like any instrument, it will have non directional drift days. {image}
brilliant thanks Bird!
  • #63,471
  • Mar 21, 2023 3:38pm Mar 21, 2023 3:38pm
My 15min view - breakout long got to +25 odd before heading back into range and all of a sudden you are seeing your hard earned get swallowed up and you are now down -20 odd before the run north resumes. Hard on the nerves if you are one who sits & watches the trades unfold.
EA is a definite plus IMHO. Suits me here cos I can watch the entry and make sure the oco has activated - then watch a movie or head to bed ( usually around 10ish ).
Certainly a satisfying past-time but capable of much frustration at times.
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  • #63,472
  • Mar 22, 2023 3:34am Mar 22, 2023 3:34am
And this is the most frustrating part of trading -
My buffer (offset) was not large enough. Spiked into this short and then .... My stop of 50 was found right to the dot.
Lesson for Binnie :
Increase buffer to 5
Be very wary where the range close is also the range low. (or high)

Slowly building my plan.

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  • #63,473
  • Mar 22, 2023 3:42am Mar 22, 2023 3:42am
Quoting binnie
And this is the most frustrating part of trading - My buffer (offset) was not large enough. Spiked into this short and then .... My stop of 50 was found right to the dot. Lesson for Binnie : Increase buffer to 5
(or high) Slowly building my plan. {image}
Be very wary where the range close is also the range low or high.

It can be frustrating at times - but you are perserving and that's important. A lot of people give up after a few losses. You have to believe in YOUR system and more importantly believe in yourself.

Good luck !
  • #63,474
  • Mar 22, 2023 3:54am Mar 22, 2023 3:54am
Quoting claudia1
{quote} Be very wary where the range close is also the range low or high. It can be frustrating at times - but you are perserving and that's important. A lot of people give up after a few losses. You have to believe in YOUR system and more importantly believe in yourself. Good luck !
Thx Claudia - It has its own way of biting you in the bum. My system will be simple but never easy. Off to bed here - trade safe.
  • #63,475
  • Mar 22, 2023 3:57am Mar 22, 2023 3:57am
Quoting binnie
{quote} Thx Claudia - It has its own way of biting you in the bum. My system will be simple but never easy. Off to bed here - trade safe.
Sleep well - talk tomorrow.
  • #63,476
  • Mar 22, 2023 5:11am Mar 22, 2023 5:11am
Interesting - bounced a few times off yesterday's high.
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  • #63,477
  • Mar 22, 2023 5:22am Mar 22, 2023 5:22am
Quoting claudia1
Interesting - bounced a few times off yesterday's high. {image}
Agreed - have that on screen and watching.Price is drifting at the moment if one looks left?
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every Saint has a past. Every Sinner has a Future
  • #63,478
  • Mar 22, 2023 5:38am Mar 22, 2023 5:38am
Quoting binnie
My 15min view - breakout long got to +25 odd before heading back into range and all of a sudden you are seeing your hard earned get swallowed up and you are now down -20 odd before the run north resumes. Hard on the nerves if you are one who sits & watches the trades unfold. EA is a definite plus IMHO. Suits me here cos I can watch the entry and make sure the oco has activated - then watch a movie or head to bed ( usually around 10ish ). Certainly a satisfying past-time but capable of much frustration at times. ...
What I often do is set a stop and then trade Dax on a lower time frame with a different approach. Might work ?
every Saint has a past. Every Sinner has a Future
  • #63,479
  • Mar 22, 2023 5:46am Mar 22, 2023 5:46am
Just to show that E/J doesn't fly away every day; here is a lethargic E/J creeping up
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every Saint has a past. Every Sinner has a Future
  • #63,480
  • Mar 22, 2023 6:05am Mar 22, 2023 6:05am
Quoting turnip15
{quote} Agreed - have that on screen and watching.Price is drifting at the moment if one looks left? {image}
Whare we are now 11:05am UK time
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every Saint has a past. Every Sinner has a Future
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