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Billytt Die happy trading e/j daily breakout

  • #41
  • Edited 3:17pm Feb 3, 2015 3:07pm | Edited 3:17pm
Anyone with input is welcome, maybe you have an idea to add.
Daily break is simple but you need a back up plan when trade goes against.....



edit,,, nothing to do with breakout but on the 4 hour it is giving signs of dropping currently at 13479, if so I can sleep and just set alarm or have a cider
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #42
  • Feb 3, 2015 3:20pm Feb 3, 2015 3:20pm
Cable at Monthly Pivot +Weekly R1. Weekly high is on top. And trendline ... close Just thinking...

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  • #43
  • Feb 3, 2015 3:24pm Feb 3, 2015 3:24pm
Quoting RabbitWolf
Cable at Monthly Pivot +Weekly R1. Weekly high is on top. And trendline ... close Just thinking... {image}
Hi rabbit, I hope you are well.. cable is showing signs of dropping but who am I to say lol, I wont be trading it, currently at 15155
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44
  • Feb 3, 2015 3:40pm Feb 3, 2015 3:40pm
Morning all good to see the old gang here. 5 pips is good=larger lots and then knock off until tomorrow. Lovin it
  • #45
  • Feb 3, 2015 3:43pm Feb 3, 2015 3:43pm
Quoting Aussie Phil
Morning all good to see the old gang here. 5 pips is good=larger lots and then knock off until tomorrow. Lovin it
you got it Phil and g'day (said in pommie accent)


edit, I was showing a Spanish guy how to trade last summer and his philosophy was go for one pip, like putting your shirt on black in roulette (or red). he has now retired. Last I heard he was looking for 5/10 pips and hitting it hard
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46
  • Feb 3, 2015 3:56pm Feb 3, 2015 3:56pm
Quoting billytt
{quote} you got it Phil and g'day (said in pommie accent) edit, I was showing a Spanish guy how to trade last summer and his philosophy was go for one pip, like putting your shirt on black in roulette (or red). he has now retired. Last I heard he was looking for 5/10 pips and hitting it hard
Yeah I think I mentioned on Claudias thread that I had changed my mindset regarding trading and I was embracing larger lots and small targets. Your method is great for me billy, pending orders and 5 pips target is likely to happen more often than not. Trailing makes sense too but I will lock the 5 in first and any more is a bonus.

By the way I have stopped using the term Pommie, the Poms over here are getting a bit precious.........
  • #47
  • Feb 3, 2015 4:02pm Feb 3, 2015 4:02pm
Quoting Aussie Phil
{quote} Yeah I think I mentioned on Claudias thread that I had changed my mindset regarding trading and I was embracing larger lots and small targets. Your method is great for me billy, pending orders and 5 pips target is likely to happen more often than not. Trailing makes sense too but I will lock the 5 in first and any more is a bonus. By the way I have stopped using the term Pommie, the Poms over here are getting a bit precious.........
lol your a star bud,poms, gringos what ever ..
Just before Christmas I was supposed to be saving up for the holiday so I started using 3 trades, one for 5 ,one for 10 and the other for 15 and let it run but something happened so I didn't stick to it, but I am back doing it.
The only trouble is like this morning when e/j low was broken it reversed and trying to correct 3 trades against is hard work and large sums of money are involved.
so being positive I will stick to 5 and let 15 run (2 trades)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #48
  • Feb 3, 2015 4:06pm Feb 3, 2015 4:06pm
Quoting billytt
{quote} lol your a star bud,poms, gringos what ever .. Just before Christmas I was supposed to be saving up for the holiday so I started using 3 trades, one for 5 ,one for 10 and the other for 15 and let it run but something happened so I didn't stick to it, but I am back doing it. The only trouble is like this morning when e/j low was broken it reversed and trying to correct 3 trades against is hard work and large sums of money are involved. so being positive I will stick to 5 and let 15 run (2 trades)
billy this convinces me that 5 is enough
  • #49
  • Feb 3, 2015 4:16pm Feb 3, 2015 4:16pm
Catch you guys later, be good Phil, nice chatting.......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #50
  • Feb 3, 2015 4:32pm Feb 3, 2015 4:32pm
Quoting billytt
Catch you guys later, be good Phil, nice chatting.......

rogeee
  • #51
  • Feb 4, 2015 12:21am Feb 4, 2015 12:21am
good morning and I am still here. Wednesday 04/-2/15
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chart shows todays daily candle, It broke Tuesdays high for approx. 15 pips before retrace, I took 7 as it moved fast.
I normally take 5 but that extra 2 was an extra 40%...
I added my trade statement no idea why, no need for me to show how much but it is real money and actually not that much, or enough to get smashed for several days eat out and buy a string of hookers lol. (joking)


edit,,, on chart 1 = yesterdays high of 13520 and 2 = todays high so far 13535
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #52
  • Feb 4, 2015 12:29am Feb 4, 2015 12:29am
that is me done for the day unless the low is busted, be good people. I might be back later



edit, yo Pip you ok
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53
  • Feb 4, 2015 12:35am Feb 4, 2015 12:35am
Mornin billy....broke through at 1.17..great method and as you say with stats you can manage the retraces. Still too early/late for me so trying to find a way round it
  • #54
  • Feb 4, 2015 12:38am Feb 4, 2015 12:38am
Quoting pipreeper
Mornin billy....broke through at 1.17..great method and as you say with stats you can manage the retraces. Still too early/late for me so trying to find a way round it
a few weeks ago Swing made a good comment about entering on retrace and I agree.
But my way is hit it when it actually breaks as that is my style it is more of an adrenalin rush when it goes against lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #55
  • Feb 4, 2015 12:40am Feb 4, 2015 12:40am
Did I just spy Smikester, He is top man infact Her Majesty should knight him Sir Smikester,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #56
  • Feb 4, 2015 12:42am Feb 4, 2015 12:42am
Had a few of those recently, not sure I like em..don't mind paramotoring, dangling off a wing at 5000 ft.. but this seems to push the heart rate a little too much..lol
  • #57
  • Feb 4, 2015 12:43am Feb 4, 2015 12:43am
Quoting billytt
Did I just spy Smikester, He is top man infact Her Majesty should knight him Sir Smikester,
Hello Billy :-) That was quick! I was just snooping around and spotted your thread. All the best mate and good luck with your thread...
Gone to a better place
  • #58
  • Feb 4, 2015 12:55am Feb 4, 2015 12:55am
Quoting smikester
{quote} Hello Billy :-) That was quick! I was just snooping around and spotted your thread. All the best mate and good luck with your thread...

good to hear off you Smikester, I keep getting pinged with people asking me about daily breakout so I thought I'd try and help. At present I am home for a while so I can talk, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #59
  • Feb 4, 2015 1:00am Feb 4, 2015 1:00am
nothing to do with daily breakout, but todays e/j open 13536 can be used as a level for an entry IF it is reached. I have done it in the past, but again keep stats
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #60
  • Feb 4, 2015 1:34am Feb 4, 2015 1:34am
Hi billy,

nice clean strategy, I like it.
Do you set an initial SL for your orders? If yes how many pips away?

Thanks.

regards,
FL
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