Billytt Die happy trading e/j daily breakout | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #141
  • Feb 11, 2015 6:25pm Feb 11, 2015 6:25pm
Quoting stt
{quote} 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

Hello stt and welcome, correct I have no idea but I am good at getting out of bad trades.
Last time I looked having a 20 pt stop loss and take profit of 10 , you have an 80% + chance of being good.
Money management goes out of the window. So the odds of getting 5 is good. and on a day like Wednesday where we had a daily inside bar, weekly high was broken we had an excellent chance of e/j making a lot of pips up to the next level....
Like I say IF I get a trade go against and they do I will counter trade until it is good, Not as easy as it seems but it is the 5 pips, and people can live off that,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #142
  • Feb 11, 2015 6:27pm Feb 11, 2015 6:27pm
Turnip, go to bed, it is late lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #143
  • Feb 11, 2015 6:31pm Feb 11, 2015 6:31pm
Quoting billytt
Turnip, go to bed, it is late lol
Good night Pa William
every Saint has a past. Every Sinner has a Future
  • #144
  • Edited 6:46pm Feb 11, 2015 6:33pm | Edited 6:46pm
Quoting turnip15
{quote} Good night Pa William
the night is young, I am having a cheese sandwich and a glass of wine..
ok actually I am having a cheese butty and a wine in a glass which isn't a wine glass lol


edit,,, and listening to chopin


edit,,, and my wife hates me.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #145
  • Feb 11, 2015 6:52pm Feb 11, 2015 6:52pm
Quoting turnip15
{quote} Good night Pa William
g'night Jim bob, gran pa, gran ma, flea infested dog, Turnip15, chickens n rooster see yall zzzzzzzzzzzzzzzzzzz
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #146
  • Feb 11, 2015 6:54pm Feb 11, 2015 6:54pm
nothing to do with daily breakout but e/j on the 4 hour looks tastey for dropping, was thinking of Bunny then and looked at a different chart (Most Unreal)

Attached Image (click to enlarge)
Click to Enlarge Name: weird.PNG Size: 49 KB


I will not be trading it no matter what happens , I am just commenting
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #147
  • Feb 11, 2015 7:01pm Feb 11, 2015 7:01pm
Quoting FOURX
Hiya Billy

Fourx, Hi bud hope you are ok. For some reason your post has only just appeared even though I was txted it ages ago,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #148
  • Feb 11, 2015 7:14pm Feb 11, 2015 7:14pm
Quoting billytt
nothing to do with daily breakout but e/j on the 4 hour looks tastey for dropping, was thinking of Bunny then and looked at a different chart (Most Unreal) {image} I will not be trading it no matter what happens , I am just commenting
Some other things was working here too - channel

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4 channel.png Size: 52 KB
  • #149
  • Feb 11, 2015 7:19pm Feb 11, 2015 7:19pm
Quoting RabbitWolf
{quote} Some other things was working here too - channel {image}
weather is rotten at the moment lol. Nice one Bunny. It isn't my style though, pin bar is enough lol. COME ON DROP E/J be good Bunny
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #150
  • Feb 11, 2015 7:30pm Feb 11, 2015 7:30pm
I still think (humble opinion) it will go up, perhaps enter on the open price.. just a suggestion
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #151
  • Feb 12, 2015 4:07am Feb 12, 2015 4:07am
Quoting billytt
I still think (humble opinion) it will go up, perhaps enter on the open price.. just a suggestion

lol,,, at least e/j did go up after the opening price for 40 (without spread etc) I didn't trade it I was making a comment,,

Wednesday low was broken and I got exactly 5 pips, the drop came as a bit of a shock lol plus I was on phone. edit (excuse) lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #152
  • Feb 12, 2015 4:31am Feb 12, 2015 4:31am
Quoting billytt
I still think (humble opinion) it will go up, perhaps enter on the open price.. just a suggestion
i thought like you are thinking today its going up somehow..


------------------SIGNATURE-----------------------
Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/
  • #153
  • Feb 12, 2015 5:06am Feb 12, 2015 5:06am
Lets see if e/j goes up from its opening price, daily of course
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #154
  • Feb 12, 2015 5:10am Feb 12, 2015 5:10am
Turnip,,, todays open range breakout 15 minutes...
Attached Image (click to enlarge)
Click to Enlarge Name: orb1.PNG Size: 61 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #155
  • Edited 6:08am Feb 12, 2015 5:27am | Edited 6:08am
Quoting billytt
Turnip,,, todays open range breakout 15 minutes... {image}
Thank you Master - much appreciated. Next bar was hell of a drop and would hate to be on the wrong side of that red bar

Billy -the tail of the PIN BAR ( after the long Red Bar) - am I correct in thinking that this is where you get your min. of 5 pips when the tail cut through the previous days Midnight LOW ?
every Saint has a past. Every Sinner has a Future
  • #156
  • Feb 12, 2015 5:30am Feb 12, 2015 5:30am
Quoting turnip15
{quote} Thank you Master - much appreciated. Next bar was hell of a drop and would hate to be on the wrong side of that red bar
Did you notice how the 15 minute open range almost had the high broken, It could well of been nasty. Like I said , there are different ways of trading the orb and good morning.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #157
  • Feb 12, 2015 5:34am Feb 12, 2015 5:34am
wife has still fallen out with me,
anyway I am throwing weights around in my garage in between looking at e/j lol.
e/j is playing between 13700 and 13500 nice round numbers. maybe if it gets past the open price of 13596 it will move up so I can get the daily breakout high lol, lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #158
  • Feb 12, 2015 6:02am Feb 12, 2015 6:02am
Attached Image (click to enlarge)
Click to Enlarge Name: ejlevels.PNG Size: 50 KB


I was pinged, someone said it will go up OR down ,,,or down OR up. Course it will.
But the chart shows the levels where important actions took place.. Use this as help if you intend to let trades run instead of getting 5
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #159
  • Feb 12, 2015 7:37am Feb 12, 2015 7:37am
Quoting billytt
wife has still fallen out with me, anyway I am throwing weights around in my garage in between looking at e/j lol. e/j is playing between 13700 and 13500 nice round numbers. maybe if it gets past the open price of 13596 it will move up so I can get the daily breakout high lol, lets see


edit,,,,, yeah right, it got to open then retraced
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #160
  • Feb 12, 2015 12:47pm Feb 12, 2015 12:47pm
Quoting turnip15
{quote} Thank you Master - much appreciated. Next bar was hell of a drop and would hate to be on the wrong side of that red bar Billy -the tail of the PIN BAR ( after the long Red Bar) - am I correct in thinking that this is where you get your min. of 5 pips when the tail cut through the previous days Midnight LOW ?
i think you are correct..


------------------SIGNATURE-----------------------
Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/
96 traders viewing now