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Billytt Die happy trading e/j daily breakout

  • #61
  • Feb 4, 2015 1:49am Feb 4, 2015 1:49am
Quoting Forex Lion
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
Simple question but difficult answer. The way I trade all money management clichés go out of the window and other traders will have to find a method they are comfortable with.
I use stop loss but before it is hit I will start to counter trade, this is where it can become messy. Basically I follow where the big boys are going. I find this quite normal to trade as I am only looking for 5. But getting 10 is ok too.
all my stats are based on getting 10 pips.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #62
  • Feb 4, 2015 2:19am Feb 4, 2015 2:19am
I am supposed to be out but hey ho. wife has fell out with me yet again lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #63
  • Feb 4, 2015 2:48am Feb 4, 2015 2:48am


what kind of servertime you are using for your daily charts (starting hour and end hour) ?
  • #64
  • Feb 4, 2015 2:58am Feb 4, 2015 2:58am
Quoting Forex Lion
what kind of servertime you are using for your daily charts (starting hour and end hour) ?
Hi, My new day starts at midnight uk time. This method can be adapted to trade the actual opening times of different markets Asian.Frankie,uk but I stick to new day uk time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #65
  • Feb 4, 2015 3:09am Feb 4, 2015 3:09am
Attached Image


an example from a few weeks ago..
1- previous high was 14839 and on a good up trend, I entered long but it retraced down but it hit 70 pips first, I wanted 5 +....
2 another trade, a nice up trend previous high was 14952, I entered long it retraced down but it hit 25+pips., I wanted 5 +.
these were relative good pip makers, but normally I only need it to go 9/10 pips in my direction before I get out
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #66
  • Feb 4, 2015 8:13am Feb 4, 2015 8:13am
Hi , nothing much doing so far today, so we have more chance of an e/j movement tomorrow.
I have been running and throwing weights around in my gym.



edit,,, gym???? I have a bench and weights in my garage lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #67
  • Feb 5, 2015 12:22am Feb 5, 2015 12:22am
Hi Thur 5th,, my last post said we had more of a chance with e/j moving (today) but it actually dropped last night. I thought it would move BUT had no idea which way. (honest)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #68
  • Feb 5, 2015 12:31am Feb 5, 2015 12:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 0502ej.PNG Size: 45 KB


At present no daily breakout..
BUT for the bold,, If e/j drops, short it at todays open 1= 13274. yesterdays low was 2= 132542 waiting to be traded.
same as with yesterdays open. This is a slight variation on the daily breakout...
Please note my (open) is midnight uk time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #69
  • Edited 8:13am Feb 5, 2015 5:50am | Edited 8:13am
still not a lot happening with e/j regarding daily break, But it is days like this. one misses trading the open range breakout, lol


edit,,, it looks like today will end as an inside bar (daily). and I love these but the only snag is,,, we have NFP tomorrow .It shouldn't have too much effect on e/j but you just don't know where the big boys are putting the big bucks.
Maybe a certain Rabbit can explain....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #70
  • Feb 5, 2015 2:20pm Feb 5, 2015 2:20pm
Quoting billytt
still not a lot happening with e/j regarding daily break, But it is days like this. one misses trading the open range breakout, lol edit,,, it looks like today will end as an inside bar (daily). and I love these but the only snag is,,, we have NFP tomorrow .It shouldn't have too much effect on e/j but you just don't know where the big boys are putting the big bucks. Maybe a certain Rabbit can explain....

Hey billy im not bothered by NFP mate. If it breaks the high or low and I gain 5 life is good.......
  • #71
  • Feb 5, 2015 3:49pm Feb 5, 2015 3:49pm
Quoting Aussie Phil
{quote} Hey billy im not bothered by NFP mate. If it breaks the high or low and I gain 5 life is good.......
Hi, Nor I but the spread can kill you off before you begin lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #72
  • Edited 5:10pm Feb 5, 2015 4:01pm | Edited 5:10pm
Hi, well Thursday ends with an inside bar on the daily (e/j). normally a good sign.
I was thinking of doing a quick long as I am trying a method out using the 20 ma, last few times it has failed but I will give it a go. lets see what happens.



edit,,, whose stupid idea was it, to long e/j at midnight uk time


edit,, next time I mention trading the ma method tell me to stfu as the youngsters say, it isn't too bad at the moment, just counter trading it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #73
  • Feb 5, 2015 11:44pm Feb 5, 2015 11:44pm
Billy, as long as you got your Defib u b ok
  • #74
  • Feb 6, 2015 12:55am Feb 6, 2015 12:55am
Billy...I am having a certain amount of success with the b/o of the London open on the 15 min bar on E/J..i believe you told me about that many moons ago.
You defo get 15 pips plus more if you hold out...probably fail today saying that




...wait for the retrace and you get in at a better price
  • #75
  • Feb 6, 2015 1:28am Feb 6, 2015 1:28am
Quoting pipreeper
Billy...I am having a certain amount of success with the b/o of the London open on the 15 min bar on E/J..i believe you told me about that many moons ago. You defo get 15 pips plus more if you hold out...probably fail today saying that ...wait for the retrace and you get in at a better price

Hi Pip,, correct, I had a very good time with uk open range breakout 15 min. a certain idiot told me you cannot trade forex on orb as it was for stocks, yeah right. Again it isn't always guaranteed so obviously have a plan....

edit, and retrace is an excellent method
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #76
  • Feb 6, 2015 1:34am Feb 6, 2015 1:34am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: phew.PNG Size: 14 KB


so at midnight I longed e/j taking the 20 ma as a trigger (stupid) and that had nothing to do with daily breakout.
So it started dropping and I made counter trade blah blah, it wasn't that easy but it came out good woo woo , so this statement I show with 20 pips made, most of it went on the long loss but I still got my share lol..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #77
  • Feb 6, 2015 10:03am Feb 6, 2015 10:03am
Have a good weekend guys and gals, I am out tonight and Saturday actually working on the door for my friend...
Anyway trading, Today the e/j daily break failed, I did not trade it as I said mainly due to NFP and Friday and thias will be noted in my stats.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #78
  • Feb 9, 2015 12:27am Feb 9, 2015 12:27am
good morning from a chilly uk...
Attached Image (click to enlarge)
Click to Enlarge Name: ej0902.PNG Size: 38 KB


1 = Monday break of Sunday bar.... it moved quick so I got 7,, I entered it again at 15 but got out when it retraced..
2 = mother bar ,, we are on inside bar territory so keep an eye on it..

Inside bars are nothing to do with daily break out but they are excellent trading information. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #79
  • Feb 9, 2015 1:57am Feb 9, 2015 1:57am
Sunday low might be broken so if it does I will short it.and for the greedy lol it hopefully will drop to the 20 ma, letssee what happens



edit..... look out for Fri high and low too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #80
  • Feb 9, 2015 2:58am Feb 9, 2015 2:58am
Attached Image (click to enlarge)
Click to Enlarge Name: painless.PNG Size: 59 KB


that was painless, Sunday low was broken and I gathered my few points..
hopefully it will drop past 20 ma and then it is inside bar territory (Friday one) but that is not breakout...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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