Billytt Die happy trading e/j daily breakout | Page 23 | Forex Factory

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

  • #441
  • Mar 4, 2015 4:47am Mar 4, 2015 4:47am
Quoting billytt
{image} todays chart 04/03/15 after finally getting them back. e/j daily break from yesterdays low . 1= enter on low 2 = exit for 5 and for PIP 3 = 8-00 orb . I am extremely happy with my trade but it was so close to becoming really good. This breakout today would of made a lot for the people hunting nice moves. PRICE ACTION EDIT,,, I SHOW 15 MIN CHART SO YOU CAN SEE BETTER
look at the bar forming on 1 hour u/c
  • #442
  • Mar 4, 2015 4:50am Mar 4, 2015 4:50am
Quoting claudia1
Got out way too early but we never learn.
that happens, I think that is why I am happy taking 5 lol, get what you know you can get.
regarding usd/cad IF I had traded it ,I probably would of let it reach next level on the 15 min,, so probably got 20...
It is easy to say after the event lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #443
  • Mar 4, 2015 4:54am Mar 4, 2015 4:54am
Quoting claudia1
{quote} look at the bar forming on 1 hour u/c
nice pin and a bit over bought lol, if I say anything I might spoil the trade lol, what is that status quo song ,,down down
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #444
  • Mar 4, 2015 4:55am Mar 4, 2015 4:55am
Quoting billytt
{quote} nice pin and a bit over bought lol, if I say anything I might spoil the trade lol, what is that status quo song ,,down down
ah music at last !
  • #445
  • Mar 4, 2015 4:58am Mar 4, 2015 4:58am
Morning billy and Claudia...nice ORB and prev.low on EJ...have to grab them when you can..i believe you are right billy, take fewer pips then least exposure and retrace, imo
  • #446
  • Mar 4, 2015 5:01am Mar 4, 2015 5:01am
Quoting swingtrade65
{quote} Billy...funny you should mention this as I have been playing around with 7 pair USD basket trying to leverage up some returns. I have them broken down like this: EURUSD GBPUSD AUDUSD NZDUSD / USDCHF USDJPY USDCAD I only have to analyze the USD to get direction for 7 pairs. Assume the $ is going down...when it breaks down, the first 4 should go up and the second 3 should go down. With the $ going up, the first 4 should go down and the 2nd 3 pairs should move up. I have been looking at the individual charts to grab the best setups for each...

Hi Swing,, you explained that superbly. I compounded a lot and was always after more with less effort.
and if you can bring in daily range that is good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #447
  • Mar 4, 2015 5:04am Mar 4, 2015 5:04am
Quoting pipreeper
Morning billy and Claudia...nice ORB and prev.low on EJ...have to grab them when you can..i believe you are right billy, take fewer pips then least exposure and retrace, imo

Hi Pip,, I am happy with 5 sometimes take 7 (extra 40%)
When I did trade I looked for 20 and compounded when conditions where right.
The only possible trouble was a trade going against and the stop loss, money management was difficult lets say..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #448
  • Mar 4, 2015 5:58am Mar 4, 2015 5:58am
Quoting billytt
{image} todays chart 04/03/15 after finally getting them back. e/j daily break from yesterdays low . 1= enter on low 2 = exit for 5 and for PIP 3 = 8-00 orb . I am extremely happy with my trade but it was so close to becoming really good. This breakout today would of made a lot for the people hunting nice moves. PRICE ACTION EDIT,,, I SHOW 15 MIN CHART SO YOU CAN SEE BETTER
Billy
Do you use prices between 5am and 8am, UK time as a High/Low trigger for the ORB on the E/J?
I have found it useful to use 15min chart up to 8am then drop to 5min to catch any break -comment welcome ?

Great to see Claudia back -now we have some good traders to watch and learn from (Hourly Pivot on pound/dollar still being traded)-good stuff.
I left her one minute trading style alone -only for the brave or experienced-but interesting when I view my one minute hindsight trades

Lets concentrate on becoming better traders or nearly as good as some of the more experienced here.
every Saint has a past. Every Sinner has a Future
  • #449
  • Mar 4, 2015 6:04am Mar 4, 2015 6:04am
Quoting billytt
{quote} nice pin and a bit over bought lol, if I say anything I might spoil the trade lol, what is that status quo song ,,down down
And so it did eventually always right when not wrong. Look at your favourite pair v g/n on 60 min interesting.
  • #450
  • Mar 4, 2015 6:05am Mar 4, 2015 6:05am
Quoting turnip15
{quote} Billy Do you use prices between 5am and 8am, UK time as a High/Low trigger for the ORB on the E/J? I have found it useful to use 15min chart up to 8am then drop to 5min to catch any break -comment welcome ? Great to see Claudia back -now we have some good traders to watch and learn from (Hourly Pivot on pound/dollar still being traded)-good stuff. I left her one minute trading style alone -only for the brave or experienced-but interesting when I view my one minute hindsight trades Lets concentrate on becoming better traders or nearly...
  • #451
  • Mar 4, 2015 6:05am Mar 4, 2015 6:05am
Quoting turnip15
{quote} Billy Do you use prices between 5am and 8am, UK time as a High/Low trigger for the ORB on the E/J? I have found it useful to use 15min chart up to 8am then drop to 5min to catch any break -comment welcome ? Great to see Claudia back -now we have some good traders to watch and learn from (Hourly Pivot on pound/dollar still being traded)-good stuff. I left her one minute trading style alone -only for the brave or experienced-but interesting when I view my one minute hindsight trades Lets concentrate on becoming better traders or nearly...

Hi bud, I hope you are good.
ORB The method you spoke of is a very similar method used and written about many years ago..
something like 15 min chart ..on the uk open at 08-00 after the first 15 min candle closes and you have a range,,, then change to 5 minute and when a 5 min closes above/below the 15 candle that is an entry.. It reduces some of the noise.

I just went off the 15 min candle but it was scarey at times.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #452
  • Mar 4, 2015 6:13am Mar 4, 2015 6:13am
Quoting billytt
{quote} Hi bud, I hope you are good. ORB The method you spoke of is a very similar method used and written about many years ago.. something like 15 min chart ..on the uk open at 08-00 after the first 15 min candle closes and you have a range,,, then change to 5 minute and when a 5 min closes above/below the 15 candle that is an entry.. It reduces some of the noise. I just went off the 15 min candle but it was scarey at times.
Good answer 8.15ish generally clears out pending orders London open and gives some idea of whats to come.
  • #453
  • Mar 4, 2015 6:15am Mar 4, 2015 6:15am
Quoting claudia1
{quote} look at the bar forming on 1 hour u/c

This Pin Bar Claudia ?
Attached Image (click to enlarge)
Click to Enlarge Name: claudiachart.png Size: 206 KB
every Saint has a past. Every Sinner has a Future
  • #454
  • Mar 4, 2015 6:17am Mar 4, 2015 6:17am
for Turnips eyes only lol.
usd/cad chart 15 min open range break ORB.
Attached Image (click to enlarge)
Click to Enlarge Name: uc15.PNG Size: 51 KB

after the open candle closed at a high of 12506 we change to 5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: uc5.PNG Size: 59 KB

once the first 5 minute closes above the high of the ORB we trade it....

Like you say ,, you can have your own high/low leading up to the uk open..

Some people will say only trade gbp on uk market or usd on usa market..
Hope this helps

edit,,, and then look for clues for your exits and stick to the plan
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #455
  • Mar 4, 2015 6:18am Mar 4, 2015 6:18am
Quoting turnip15
{quote} This Pin Bar Claudia ? {image}
Yep
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 38 KB
  • #456
  • Mar 4, 2015 6:18am Mar 4, 2015 6:18am
Quoting claudia1
{quote} Good answer 8.15ish generally clears out pending orders London open and gives some idea of whats to come.

yes indeed, and trading off the hour ORB is good but sometimes you can miss the move,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #457
  • Mar 4, 2015 6:25am Mar 4, 2015 6:25am
usd/cad has dropped Claudia, so if I had traded it ,I would now be in profit so i'll close my imaginary trade woo woo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #458
  • Mar 4, 2015 6:28am Mar 4, 2015 6:28am
Hi guys ... so like I said, I wanted to give the wine bar EA a try after all on a demo account, today is a free day so I want to start that project ... yet cannot find the latest version. Where can I find it? Billy, how is the fishing going? Big mackerel?
Fix up, trade sharp ...
  • #459
  • Mar 4, 2015 6:30am Mar 4, 2015 6:30am
Quoting billytt
usd/cad has dropped Claudia, so if I had traded it ,I would now be in profit so i'll close my imaginary trade woo woo
Looked a safe bet check n/u on 4hour some buying there must attempt recent highs. Worth a go.
  • #460
  • Mar 4, 2015 6:31am Mar 4, 2015 6:31am
g/n is frightening lol.
How is this for an answer ,,it is currently 20200 and I can see it moving north OR (wait for it) let it drop 200 to 20000 then move north.
if this gets a bad response I shall delete it and have a tantrum
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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