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Billytt Die happy trading e/j daily breakout

  • #121
  • Feb 11, 2015 2:07am Feb 11, 2015 2:07am
I almost forgot, the inside bar from last Thursday was broken as I said earlier and made a bout 30 points. I can see it going 100+ or to next level up. obviously look for clues. So that ib was a good opportunity to stay in the daily break of Tuesday candle e/j
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #122
  • Feb 11, 2015 4:38am Feb 11, 2015 4:38am
Quoting billytt
{image} turnip.... what is this lol
I thought it was an example of a Claudia's hourly Pivot trade?

I meant to post one of your type of trades plus a Claudia type trade below it.
Have I dropped a booby here Billy
every Saint has a past. Every Sinner has a Future
  • #123
  • Feb 11, 2015 4:52am Feb 11, 2015 4:52am
Quoting billytt
open range breakout on the 15 min .. {image} {image} 2 examples, 8-00 uk open on 15 minute chart... once that open range is broken trade it that direction. There are several entry methods and several books have been written. I traded it hard and when I actually got into the daily range early I compounded it,, orb is equally good on the hour time frame. edit,,, and again it isn't always this easy but it does have a good strike rate
Got it Billy - I note some of James16's approach to trading (support, resistance, pins, engulfing bars etc) would certainly help one to trade better and certain elements from that thread appear in many approaches shown on FF. In short, a good grounding in basics certainly helps to understand what you, Claudia and others advocate as trading approaches. A bit like being taught to fish then setting out to do your own fishing. (Ye gods -this is rather philosophical for an overcast Wednesday -sorry)
Hate to embarrass you but people like you (and others mentioned here) keep the intelligent neophyte trader away from rapacious bears
every Saint has a past. Every Sinner has a Future
  • #124
  • Feb 11, 2015 5:32am Feb 11, 2015 5:32am
Quoting turnip15
{quote} I thought it was an example of a Claudia's hourly Pivot trade? I meant to post one of your type of trades plus a Claudia type trade below it. Have I dropped a booby here Billy
no sir, I was joking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #125
  • Feb 11, 2015 5:42am Feb 11, 2015 5:42am
Quoting billytt
{quote} no sir, I was joking
Phew -thank goodness Billy. I thought I was getting a parent bear delusional moment
every Saint has a past. Every Sinner has a Future
  • #126
  • Feb 11, 2015 5:42am Feb 11, 2015 5:42am
Turnip, The trouble is there are so many types of indicators to choose from pin bar ,inside /outside bar, daily breakout, open range breakout , levels, support / resistance etc and then what time frame.
So when do we get to trade, If nothing is happening ,for instance yesterdays daily high was broken and we let the trade run, If nothing seems to be happening do we then go looking at the 4 hour or hourly chart NO WE DONT, or no I don't.
Stick to the plan, it is easy to look at past charts and see what a good method you use but to actually sit and watch a trade move is tiresome, like today e/j daily high was broken which I took the 5 also the inside bar from last thur was also broken and the weekly high, but look what happened it dropped a tad but now it seems to be moving up again, IT IS SO BORING WATCHING but there is no way I will look at different time frames or indies.
sorry for harping
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #127
  • Feb 11, 2015 5:43am Feb 11, 2015 5:43am
Quoting turnip15
{quote} Phew -thank goodness Billy. I thought I was getting a parent bear delusional moment
that is second time you mentioned bear,, third time and i'll get Swing to stone you lol.



edit,,, when I say stone I mean a proper stone
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #128
  • Feb 11, 2015 6:10am Feb 11, 2015 6:10am
I am away, I got the monkey watching my trade run.
Turnip, you know I am only joking with you don't you. Keep asking questions and if I do not know the answer I will talk about the weather. Be good all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #129
  • Feb 11, 2015 7:54am Feb 11, 2015 7:54am
Quoting billytt
I am away, I got the monkey watching my trade run. Turnip, you know I am only joking with you don't you. Keep asking questions and if I do not know the answer I will talk about the weather. Be good all

Hope Monkey did O.K, price made to Monthly Pivot, but it was a wiggly trade.
  • #130
  • Edited 9:41am Feb 11, 2015 8:00am | Edited 9:41am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 11feb15.jpg Size: 140 KB


Edit - move sl to +50

Edit - hit sl at +50
  • #131
  • Feb 11, 2015 8:08am Feb 11, 2015 8:08am
Quoting billytt
{quote} that is second time you mentioned bear,, third time and i'll get Swing to stone you lol. edit,,, when I say stone I mean a proper stone {image}
Crikey -a quick glance and I thought that was an African Dung Beetle pushing a ball of "poo" uphill
every Saint has a past. Every Sinner has a Future
  • #132
  • Feb 11, 2015 8:33am Feb 11, 2015 8:33am
Quoting billytt
Turnip, The trouble is there are so many types of indicators to choose from pin bar ,inside /outside bar, daily breakout, open range breakout , levels, support / resistance etc and then what time frame. So when do we get to trade, If nothing is happening ,for instance yesterdays daily high was broken and we let the trade run, If nothing seems to be happening do we then go looking at the 4 hour or hourly chart NO WE DONT, or no I don't. Stick to the plan, it is easy to look at past charts and see what a good method you use but to actually sit and...
I fully agree. It must be obvious that I am in the process of structuring my trading day hence so many questions from myself. I am at the screen by 8am to trade the dax on my 3 minute charts (spread bets). I am now looking for an approach to trade the forex market on longer time frames using such approaches deployed by Claudia and yourself (Hourly Pivot trades and/or Midnight breaks). I seek boring because boring is effective. Jumping from system/method and from time frame to time frame is akin to a dog chasing its' flea infested tail -exhausting but unprofitable
every Saint has a past. Every Sinner has a Future
  • #133
  • Feb 11, 2015 9:49am Feb 11, 2015 9:49am
Quoting turnip15
{quote} Jumping from system/method and from time frame to time frame is akin to a dog chasing its' flea infested tail -exhausting but unprofitable
You are right, chasing is very dangerous, when scalping have to stick to some system and wait for the right moment.
Less trades - more success.. Thats what i learned.

But we have to jump from system to system - till we find right systems... It is good to have a few of them
  • #134
  • Feb 11, 2015 9:52am Feb 11, 2015 9:52am
Quoting RabbitWolf
{quote} Hope Monkey did O.K, price made to Monthly Pivot, but it was a wiggly trade.
Hi bunny. I am still out but monkey made a killing and I am not sure yet. Lol last I heard I had approx 70 points not sure if they are looking for 100. I will let you know. I cannot contact them as they are trading. See you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #135
  • Feb 11, 2015 9:54am Feb 11, 2015 9:54am
Excellent yet again Jan. Catch you later when I'm home
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #136
  • Feb 11, 2015 10:11am Feb 11, 2015 10:11am
Quoting RabbitWolf
{quote} You are right, chasing is very dangerous, when scalping have to stick to some system and wait for the right moment. Less trades - more success.. Thats what i learned. But we have to jump from system to system - till we find right systems... It is good to have a few of them


Hi Rabbit -yes, it is good, when starting out to seek a very small selection of tools for ones' trading box. I was writing about the people who jump from thread to thread, trying an approach but giving up when the first losing trade(s) appear (and they will), then rushing to the next trading method -repeat ad-infinitum. The result being lots of circular motion but no forward progress
every Saint has a past. Every Sinner has a Future
  • #137
  • Edited 11:27am Feb 11, 2015 10:23am | Edited 11:27am
E/J Monthly Pivot rejection - agresive trade - it looked there like price will go up forever.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 pivot.png Size: 47 KB



Edit: Sorry Billy - this has nothing to do with Billies system . Should place this in recycle bin
  • #138
  • Feb 11, 2015 11:56am Feb 11, 2015 11:56am
Quoting billytt
Turnip,,,, {image} forget the Sunday candle but 1 =Fri and 2= Monday . Fri had a low of 13402, Monday broke that low for 34 pips (low being 13368) I took 5. Some people disregard Sunday trades but if I see it has a decent movement (in my personal opinion) I will trade off it...Last Sunday had a range of 35 pips so I traded it... I got the 5 off the high break and 5 off the low break. I did let another trade run plus I was interested in the inside bar, but this is different trading... Today Tuesday, nothing is happening yet.
hi billyt, thanks for sharing your trades. One thing i want to say is that looking at the chart after the fact, you cant know if the trade would hit the TP first or SL first. it is possible that the break of (say) low happens, it retraces before it reaches 5 pips target and hit the 10 pip SL and them comes back to original target. Do you have any way to try to reduce these occurrences?

thanks
Think : Trade : Live Life
  • #139
  • Feb 11, 2015 4:09pm Feb 11, 2015 4:09pm
another day now Thursday,,, yesterday was a beauty, e/j got the 100 and went back down. Anyway lets see what daily level breaks first High or Low. or maybe not today, who cares I can wait
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #140
  • Feb 11, 2015 4:23pm Feb 11, 2015 4:23pm
Hiya Billy
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