Billytt Die happy trading e/j daily breakout

awwwwwwwwwww thanks Bunny, that is lovely

chart from last Friday.
First of all, a few hours earlier we almost had a trigger to short luckily it never happened as it would of failed, but I did say ALMOST.
This is what happened when I got the trigger...
the low from Thursday 18th 13507 was triggered and I had 2 trades running...
I took 5 and then it retraced and the second trade was closed with a 1 pip profit WAYHAY. no loss no break even.

BUT Billy actually made A mistake with my close and it didn't lol, so I took a good many lol (it happens)

last post... This second trade can be traded like the normal 5 pip trade but t is hard for me to correct a losing trade,So it is easier to close it down with a +1 because there is always tomorrow

chart from 17th February,, the previous daily low was broken(13399) and then almost immediately retraced giving me 2 losers.
BUT looked what happened same day


the high was broken (13555) and + 40 was made before it fell down for a short while.


even though I had 2 losers initially.as soon as alarms were going off I was counter trading to make them good.


edit,,,, the counter trading was nothing to do with daily breakout, It is rescue trading and not for the weak/feint hearted

Trade well everyone. e/j opened with a gap up 33.. It has a very high chance of dropping back down to Friday close.
I wont be trading the gap.
We do have a slight problem regarding daily breakout.
Sunday open gapping up is quite close to fri high of 13590 but approx. 10 away.
If it was any closer I would not trade the break as I am expecting it to close the gap first .
when in doubt stay out..




edit,,,, but if it drops a few without closing the gap and then goes back up I will trade last frid high...
and then obviously see what sunday range is as I will no doubt trade sunday daily break high/low

Broker is very jittery. Looks like e/j could well move big time. This is just a private comment.

Gday billy hope you are well. This month I am trading 6 pairs pending orders at high and low 7 pips TP. Up 18% for the month. Working on trailing settings to catch the faster moves.

That is brilliant Phil and hope you are keeping well.
Be careful. Are any of your pairs correlated as this can help you with better rewards. And obviously you are aware about opposites. Once confident yiu can trade for 7 and let a second trade run.

I am out for a while. E/j seems to of closed the gap so I can look forward to trading off the Sunday range. Be good all

Happy trades Billy, what size stop loss do you use? Thanks in advance)))

Hi sheppy. That is difficult to explain.initially I will have a stop Of 20 that is mainly for my stats. But once a trade goes against I will adjust it and also counter trade until it comes good.

Bingo. Now let the other trade hopefully run away. Be good
Edit... I cant believe it. I made another mistake with the trigger lol.actually

I will get back with Monday breakout, It was good but my pc crashed including the charts and I think this could well be the reason why I entered my short too early at just after midnight uk time.

Look at this,,, broker scared lol (robber) lol same minimum stop for at least 8 hours




edit,,, I just realised that was on my daughters old account too lol

this is what happened,,
e/j Sunday low was 13545 and at midnight uk time this low was broken very quickly.and then retraced before the 5 pips and then went down lol. I got the 5 and then it moved back up so my second trade was closed for 1 pip.
I thought I made a mistake when I entered but it seems the broker was having lots of problems with the charts (yeah right) I will stick a minute chart in so you can see better

1 minute chart.
1 = entry point when Sunday low was broken, 2 trades taken...
2 = 5 pips taken due to slow move, this is after the trigger then slight reversal
3 = 2nd trade closed for 1 woo woo..
I would rather have a +1 profit than a minus 20+

I was asked, Why do I not let my second trade work off a stop loss.
For instance if I had today I would be several points in profit..
This second trade does not always work AND this second trade is the one that you compound and it is very good.
To close with 1 point is a safety feature, There is always tomorrow.

Hopefully this week I will show you live examples. or maybe I will look at another pair to help

cable Claudias favourite,, Claudia have you noticed we are running daily inside bars mmmmmmmmmmmmmmmmmm
anyway 1 = Sunday low/
2 = Monday entry just after midnight uk time.
3 = if trade still open the close was around here +1

we had an entry and 5 was taken but the second trade kept open, 10 points could of been taken but for the bold if you kept trade open it reversed up then down and finally it would of been closed for +1..
I DID NOT TRADE THIS but if I had I would of probably finished with 5/6

example, I DID NOT TRADE THIS NOR WOULD I DUE TO SUNDAY RANGE BEING TOO SMALL BUT............

a/u 3 min chart so you can see everything.
1 = Sunday low
2 = Monday trigger
3 = 5 taken
then it kept dropping, the second trade had a clear 25 points profit before a retrace and then it dropped. I would of settled for 10/15..

when trade was entered it retraced before the 5 was taken so the 2 trades were using stop loss which was not broken, it went about -10 before turning down again..
when that second trade was making positive points if we have to close it, it is with 1 point, always keep something

I am watching cable and it is close to Friday daily low and inside bars are around so I will try and trade it and show how it goes.
It is also about 50 from 20 ma so lets see if it goes ok.
This is claudias baby but I will trade lines

I am in the cable short, I got to 70% of my 1st target and then the system froze lol, I rebooted 2 times. my first 5 has not been hit so it is no excuse