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Billytt Die happy trading e/j daily breakout

  • #841
  • Mar 17, 2015 7:58pm Mar 17, 2015 7:58pm
00-50 UK time
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on the hour chart so you can see.. and to see the pivot..
Tuesday daily high 12916
" " low 12808

Pivot 12858,
and I even left a relative strength indie on...

My personal thought is wouldn't it be good to see the break of the pivot and continue to break the high mmmmmmmmmmmmmm
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #842
  • Mar 17, 2015 8:07pm Mar 17, 2015 8:07pm
Turnip.
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regarding inside bars,,(I use them on Daily only) but again we had an outside bar, then 2 inside bars just before pivot,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #843
  • Mar 17, 2015 8:25pm Mar 17, 2015 8:25pm
The e/j breakout stats I posted yesterday were from 1st to 2nd March 2015, here is upto date..

01/01/15 to 17/03/15 (including)
Trades 63,,,, win 53,,,loss 10 that is about 85% strike rate for 10.
AND from 12th jan to 4th feb we had a run of 22 wins.. Think about it.$$$$$$$ ££££££££
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #844
  • Mar 18, 2015 2:15am Mar 18, 2015 2:15am
Have a good day. Quiet so far. Franky open next uk. Coffee time. e/j pivot is acting against my thoughts ha ha
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #845
  • Mar 18, 2015 2:41am Mar 18, 2015 2:41am
Good morning billy et al
  • #846
  • Mar 18, 2015 2:59am Mar 18, 2015 2:59am
Hi Pip, hope you are good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #847
  • Mar 18, 2015 3:04am Mar 18, 2015 3:04am
which reminds me pip... Yesterday on ORB (OPEN RANGE BREAKOUT) it broke then dropped for approx 50.
Lets see what happens today
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #848
  • Edited 3:38am Mar 18, 2015 3:18am | Edited 3:38am
15 minute Open Range Breakout,,,
Pip ...the range dropped onto the Daily pivot and hardly any tail.
Perhaps maybe change to 5 minute for more help. I am honestly not sure lol (honest)

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Pip,,, it did actually rise 2 before dropping for a grand profit of 7after spread etc lol... good enough for me
I think these trades are always going to be tricky.
If it was a daily break I probably would trade it as a continuation . But it definitely had a different open price from the close and that matters
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #849
  • Edited 5:01am Mar 18, 2015 4:07am | Edited 5:01am
we have some sunshine here so I think I will mess around in the garden. I have alarms set for e/j...
Pip.. regarding the Open range we are on inside bar hourly from 07-00 uk time.. This could be a clue ( I say could) good politician talk. I shall not commit myself ha ha

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inside bar hour chart, it could help . After all ib is an indecision candle


edit, I forgot.. I show the relative strength indie as it is midway... I am looking at this indie as a help . I never have traded using these ( For Claudias Benefit)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #850
  • Mar 18, 2015 5:02am Mar 18, 2015 5:02am
Quoting billytt
{quote} Hello and a good question. For my own personal statistics I use a 20 stop for a 20 take profit or 1/1. I did this when I traded properly (for a living). and Compounded a lot. I still use a 20 stop even for a 5 pip tp for my statistics. Trouble is once a trade starts to go against me I adjust the stop and then hedge, counter trade, add on to make it right. The losses I quoted were probably traded good by me, I have had 2 losses this year which I have mentioned. and yes, you need a big bank roll. It is over kill and like I have said many times...

Thanks, interesting thread.

Keep posting

David
  • #851
  • Mar 18, 2015 5:46am Mar 18, 2015 5:46am
Quoting billytt
Turnip. {image} regarding inside bars,,(I use them on Daily only) but again we had an outside bar, then 2 inside bars just before pivot,,,
@billytt
Thanks Billy. I am printing these out for later reading along with a lot of Claudias' stuff.

As an aside saw this headline:
RIOTS in Germany
http://www.bbc.co.uk/news/world-europe-31938592

And saw this:
"Police spokeswoman Claudia Rogalski spoke of an "aggressive atmosphere" and the Frankfurt force tweeted images of a police van being attacked"

Does our Claudia have a secret job ? (Just joking Claudia)
every Saint has a past. Every Sinner has a Future
  • #852
  • Mar 18, 2015 5:52am Mar 18, 2015 5:52am
Quoting turnip15
{quote} @billytt Thanks Billy. I am printing these out for later reading along with a lot of Claudias' stuff. As an aside saw this headline: RIOTS in Germany http://www.bbc.co.uk/news/world-europe-31938592 And saw this: "Police spokeswoman Claudia Rogalski spoke of an "aggressive atmosphere" and the Frankfurt force tweeted images of a police van being attacked" Does our Claudia have a secret job ? (Just joking Claudia)

ahar,, and now we know where Claudia is ha har
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #853
  • Mar 18, 2015 5:52am Mar 18, 2015 5:52am
Quoting billytt
Turnip, I only just saw your chart. It was the inside bar just before the pivot, that was a decent clue. {image}
@billytt
Thanks Billy -the penny has dropped now
every Saint has a past. Every Sinner has a Future
  • #854
  • Mar 18, 2015 6:21am Mar 18, 2015 6:21am
Watching this Claudia hourly, saw it was below the Pivot but lacked the bottle to short (maybe just as well with all the political stuff happening today -Budget etc) Still looking at other shorter time frame trades but might content myself to do something else today unless something obvious jumps up and bites my nose :-)
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every Saint has a past. Every Sinner has a Future
  • #855
  • Mar 18, 2015 6:31am Mar 18, 2015 6:31am
Only one trade today, the Pin off rising trendline (One of my favorite traders was Ryanmcd -before he got bored at FF and left. Jankone took up Ryanmcd mantle and posted similar trades. I added other bits found elsewhere like engulfing bars etc.) My tool box has only a few spanners etc but it works for me. Billies Inside bars remind me of indecision bars and spinning tops, all of which I will look at in later periods.
Apologies for so many lines Billy but the main interest for me is Bolly band middle and extremities, and its' 21ema
My one trade:
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every Saint has a past. Every Sinner has a Future
  • #856
  • Mar 18, 2015 6:47am Mar 18, 2015 6:47am
@billytt
@Claudia1

Last one Billy.

Do you go from the daily break of EJ to its' 5 minute time frame to trade any break of the previous days high low (I've shown the Pivot which, since Claudia alerted me to using them I find useful to place price into some sort of spacial relation to the rest of the surrounding price action)
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every Saint has a past. Every Sinner has a Future
  • #857
  • Mar 18, 2015 6:49am Mar 18, 2015 6:49am
when in doubt stay out.. I was going to say what I think might happen but I wont. BECAUSE IT DOESNT MATTER..
I trade daily break out and daily inside bars. So if I have a trigger I trade, I go along with the big boys (and no doubt big girls)

In the future my stats will not say it is NFP day or budget day or some news release. I guess you could make a note of them though ha.
But like I said WHEN IN DOUBT STAY OUT, I do , be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #858
  • Mar 18, 2015 7:00am Mar 18, 2015 7:00am
Quoting turnip15
@billytt @Claudia1 Last one Billy. Do you go from the daily break of EJ to its' 5 minute time frame to trade any break of the previous days high low (I've shown the Pivot which, since Claudia alerted me to using them I find useful to place price into some sort of spacial relation to the rest of the surrounding price action) {image}
Keep asking questions. I am running up your bill ha .

If a high is broken and makes pips then drops to break the low I will trade it. I keep daily chart on.
If I have a bad trade I will change to 15 minute chart sometimes maybe hour and correct it...

So far this year we have had 12 occasions where high and low have been broken on same day.

So 24 trades,,, 19 wins and 5 losses.. that is about 83 % strike rate
longest losing sequence is 2.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #859
  • Mar 18, 2015 7:07am Mar 18, 2015 7:07am
Thanks Billy
@billytt @Claudia1

Really, really last one

Because I traded the oil I missed a couple of Dax trades -that's okay because if I find a trade after scanning a few charts I tend to concentrate on that. I can only do one thing at a time cos I am a bloke :-)
I like Jankone, Ryanmcd type approaches and a couple of other TA patterns including the important Support/Resistance levels. Again, apologies Billy since I still use Bolly Bands as mentioned in one of my above posts. Including the Double Bar High -Lower Close Bars of the first trade.
That's it. I am off to the shed where I am trying to complete an oil portrait of my neighbours son and daughter in law (surprise present -pleasant I hope.)
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every Saint has a past. Every Sinner has a Future
  • #860
  • Mar 18, 2015 7:13am Mar 18, 2015 7:13am
Quoting billytt
{quote} Keep asking questions. I am running up your bill ha . If a high is broken and makes pips then drops to break the low I will trade it. I keep daily chart on. If I have a bad trade I will change to 15 minute chart sometimes maybe hour and correct it... So far this year we have had 12 occasions where high and low have been broken on same day. So 24 trades,,, 19 wins and 5 losses.. that is about 83 % strike rate longest losing sequence is 2.
So- in summary -Keep it Simple, and stick to it

Oops -must go to the shed now, really must.
every Saint has a past. Every Sinner has a Future
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