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Billytt Die happy trading e/j daily breakout

  • #1,061
  • Mar 27, 2015 10:40am Mar 27, 2015 10:40am
Quoting claudia1
{quote} Daily pivot important not just for break outs. Watch and see how often market retraces to it - today being perfect example. {image}
Just have to add here about Camarilla above Daily Pivot can be useful sometimes.... But you trading GMT i am GMT+2 , so could be differences ....


(\__/)
(='.'=)
(")_(")

Sorry Billy... Good luck everybody !
  • #1,062
  • Mar 27, 2015 10:49am Mar 27, 2015 10:49am
Quoting RabbitWolf
{quote} Just have to add here about Camarilla above Daily Pivot can be useful sometimes.... But you trading GMT i am GMT+2 , so could be differences .... (\__/) (='.'=) (")_(") Sorry Billy... Good luck everybody !
Maybe so. Camarilla don't really know too well.
  • #1,063
  • Mar 27, 2015 11:28am Mar 27, 2015 11:28am
Quoting claudia1
{quote} Maybe so. Camarilla don't really know too well.
big battle at weekly central too

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 bt.png Size: 46 KB
  • #1,064
  • Mar 27, 2015 7:11pm Mar 27, 2015 7:11pm
Quoting 8Flow
Hi Billytt, during this week i created an automatic backtest for g/y, from 2006 to today. daily breakout (5 pips): 91% daily breakout (4 pips): 96% Amazing. And most of the losing trades occurred in Monday, because of the small Sunday candle. ( lmax, my Broker has the Sunday candle ) The Point now is how to manage the losing trades ....... Cheers 8Flow.
Hi 8Flow, Impressive results, I was trading e/j on a 10 pip take profit and that ran at just over 80%.
Losing trades have to be traded in your own style.
some times more than 5 can be made, this can carry a loss.
what sort of stop loss if at all.
you can up your lot size but not in a Martingale way (hate that word)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,065
  • Edited Mar 28, 2015 4:38am Mar 27, 2015 7:16pm | Edited Mar 28, 2015 4:38am
Quoting RabbitWolf
{quote} Just have to add here about Camarilla above Daily Pivot can be useful sometimes.... But you trading GMT i am GMT+2 , so could be differences .... (\__/) (='.'=) (")_(") Sorry Billy... Good luck everybody !
Hi Bunny, what you sorry for ???? ja ja. You have good input keep posting.

If I was still trading and looking at daily range and compounding I would certainly look at daily pivot, resistance/support, weekly but I play a different game now just looking for 5 so these important pivots do not mean too much too me. Be good Bun



edit, Actually ,,,,,,,, if I am in a losing trade I will take a look at pivots when trying to correct the trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,066
  • Mar 28, 2015 4:34am Mar 28, 2015 4:34am
E/J daily break trades from 01/01/2015 to Fri 27//03/2015...
Trades 69,,,,, Win 59 & Lose 10 that is approx. 86% strike rate.

G/J daily break trades from 01/01/2015 to Fri 27/03/2015...
Trades 68,,, Win 65 & lose 3, that is approx. 96% strike rate.



edit, I did not trade any G/J breakout but I am watching.
& being away from home I hardly touched E/J
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,067
  • Mar 28, 2015 5:10am Mar 28, 2015 5:10am
This is interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: 28thxxx.PNG Size: 46 KB

1 = Mother Bar.
2 = Fri candle <<<<< a long legged doji I believe lol, ha har, ja ja,
3 = 20 ma
4 = relative strength indie

ALSO the weekly is on inside bars.
For the people who want many pips these candles and clues suggest e/j is going to go ..
I said last week my own thoughts is that e/j is going up, it did make a few hundred, I still think it is going up but I doesn't matter what I think, trade the break and use clues if you want more than the humble 5 ja ja.



edit,,, a few hundred , ha ha yeah right, it made about 150
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,068
  • Mar 28, 2015 5:27am Mar 28, 2015 5:27am
hey billy,,,,,nice stats,,,you might be on to something,,lol
  • #1,069
  • Mar 28, 2015 5:28am Mar 28, 2015 5:28am
Quoting pipreeper
hey billy,,,,,nice stats,,,you might be on to something,,lol
lol indeed, I have been onto e/j for a ages, I am just spreading the word ja ja
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,070
  • Mar 28, 2015 7:15am Mar 28, 2015 7:15am
Quoting billytt
E/J daily break trades from 01/01/2015 to Fri 27//03/2015... Trades 69,,,,, Win 59 & Lose 10 that is approx. 86% strike rate. G/J daily break trades from 01/01/2015 to Fri 27/03/2015... Trades 68,,, Win 65 & lose 3, that is approx. 96% strike rate. edit, I did not trade any G/J breakout but I am watching. & being away from home I hardly touched E/J
@billytt

I say - William, old sport. Are these figures based on taking 5 pips profit ?
Do you stay up all night until price breaks previous days High/Low or have you some sort of alert system (mobile telephone etc) to inform you when such break outs
occur ?
Is it from that point that you stay at Pc to monitor and, if necessary, intervene in trades until your Five pips is achieved (Looks like, judging from some of your latest posts, that you drop to 5min bars to monitor breaks) ?
If you use an alert, can the alert service be found on ones chart package (IG charts, for example)?

Failing that, maybe I should stick to 8am bar fifteen minute breaks plus the one or two others I have mentioned. Finally, I reckon your approach of using a few instruments rather than looking at the many is the way I am going since it feels "right" for me.
every Saint has a past. Every Sinner has a Future
  • #1,071
  • Mar 28, 2015 7:52am Mar 28, 2015 7:52am
Quoting turnip15
{quote} @billytt I say - William, old sport. Are these figures based on taking 5 pips profit ? Do you stay up all night until price breaks previous days High/Low or have you some sort of alert system (mobile telephone etc) to inform you when such break outs occur ? Is it from that point that you stay at Pc to monitor and, if necessary, intervene in trades until your Five pips is achieved (Looks like, judging from some of your latest posts, that you drop to 5min bars to monitor breaks) ? If you use an alert, can the alert service be found on ones...
Hi Turnip,,, your broker does provide a signal alert.
I do use an alert service if it looks like break will not happen for a time during the night..
If I go into a bad trade I normally go to 15 minute chart and get ready to countertrade or hedge.
My stats for this year are based on 5 pips BUT if 10 is the goal it would read 69 win and 16 loss or approx. 76% strike rate,
The stats are actually better than this if traded perfectly.


edit, These stats are after taking 5 away for spread etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,072
  • Mar 28, 2015 8:02am Mar 28, 2015 8:02am
Thanks Billy. Well worth further study, and thanks for sharing.
every Saint has a past. Every Sinner has a Future
  • #1,073
  • Mar 28, 2015 6:59pm Mar 28, 2015 6:59pm
Quoting turnip15
Thanks Billy. Well worth further study, and thanks for sharing.
Just remember ,,
Once the break happens it does not always keep going to make 5/10 ,
we have retrace before the move quite often so have a method. be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,074
  • Mar 29, 2015 7:42am Mar 29, 2015 7:42am
Quoting billytt
{quote} Hi Turnip,,, your broker does provide a signal alert. I do use an alert service if it looks like break will not happen for a time during the night.. If I go into a bad trade I normally go to 15 minute chart and get ready to countertrade or hedge. My stats for this year are based on 5 pips BUT if 10 is the goal it would read 69 win and 16 loss or approx. 76% strike rate, The stats are actually better than this if traded perfectly. edit, These stats are after taking 5 away for spread etc.
Very good results what is average spread you pay?
  • #1,075
  • Mar 29, 2015 1:50pm Mar 29, 2015 1:50pm
Quoting claudia1
{quote} Very good results what is average spread you pay?
Hi Claudia, hope you are ok.
I use what was my daughters account,
As soon as a trade is placed it goes -5 sometimes -4
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,076
  • Mar 29, 2015 4:00pm Mar 29, 2015 4:00pm
Trade well everyone, Lets do it all again .....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,077
  • Mar 30, 2015 1:54am Mar 30, 2015 1:54am
excellent start to the week,
E/J Sunday low was broken and more or less dropped 20
BUT I DID NOT TRADE IT,,,, Sunday range was only 21 and I rarely trade a range below 25. edit,,slight up of 10 which was closed.


G/J actually had a loss on the break of high, That too was tricky as it did gap up before closing gap. But it has come good <<<< just saying.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,078
  • Mar 30, 2015 2:35am Mar 30, 2015 2:35am
G'mornin billy,,suns shining and alls well
Hope you are ok Bud
  • #1,079
  • Mar 30, 2015 2:47am Mar 30, 2015 2:47am
Quoting pipreeper
G'mornin billy,,suns shining and alls well Hope you are ok Bud
All is well here Pip, The sun is shining which has thrown me as bad weather was for caste.
Hopefully my friend will now come out for lunch with me .( coffee and a jacket potato).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,080
  • Mar 30, 2015 4:05am Mar 30, 2015 4:05am
Quoting billytt
{quote} All is well here Pip, The sun is shining which has thrown me as bad weather was for caste. Hopefully my friend will now come out for lunch with me .( coffee and a jacket potato).
You on a diet Billy ?
every Saint has a past. Every Sinner has a Future
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