Billytt Die happy trading e/j daily breakout | Page 65 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #1,281
  • Apr 10, 2015 2:16am Apr 10, 2015 2:16am
Quoting 8Flow
super bearish this morning... both e/j and g/j
Another funny day g/u keeps going down. Gold made a bit of a bounce which caught me out.
  • #1,282
  • Apr 10, 2015 2:19am Apr 10, 2015 2:19am
Quoting claudia1
{quote} Big dog thread is real old from memory they trade NY open break out. Any period can be used just another system to make your own. Very simple too no bunny bands and stuff needed quite like it.

I have vague memories of it but wasn't sure if it was just open range breakout on an hourly or 2 hourly chart and can it be used on uk market.
I must be getting bored lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,283
  • Apr 10, 2015 2:22am Apr 10, 2015 2:22am
Quoting 8Flow
super bearish this morning... both e/j and g/j
Hello 8Flow, It is excellent day on e/j and my second trade is still running.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,284
  • Apr 10, 2015 2:30am Apr 10, 2015 2:30am
Quoting claudia1
{quote} Another funny day g/u keeps going down. Gold made a bit of a bounce which caught me out.
Hi Claudia, I noticed too that cable was on an inside bar from 18th March and it broke through the low not long ago

edit, chart for the lurkers
Attached Image (click to enlarge)
Click to Enlarge Name: cable.PNG Size: 41 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,285
  • Apr 10, 2015 3:26am Apr 10, 2015 3:26am
My day is done , we had a small retrace on e/j and I closed down my trade.
I do not go after many pips often but we had good signs to short, so way hay,
Off to the pier we shall go......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,286
  • Apr 10, 2015 8:02am Apr 10, 2015 8:02am
Hello, I have been naughty today, I went to the pier and then started scalping on the 15 min chart e/j and g/u. only small lots but was successful wayhay, and that was with long and short trades,
I am helping my friend out on the door tonight, that should be fun,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,287
  • Apr 12, 2015 12:50pm Apr 12, 2015 12:50pm
Hi all, Have a great trading week, we will soon be at it again.....
On Friday I was playing around on the pier scalping, using my mobile and did well. (enough to buy a Mcdonalds) lol.
That got me thinking, so this week due to me being bored and the wife hating me I shall trade a new idea going off the Relative Strength Indie, I will keep you posted.... Obviously I am trading the daily break e/j. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,288
  • Apr 12, 2015 3:45pm Apr 12, 2015 3:45pm
WEIRD
Attached Image (click to enlarge)
Click to Enlarge Name: weird.PNG Size: 70 KB

So E/J gapped down but the Relative Strength Indie went up ?? only watching this as I am actually trading off it, or will do.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,289
  • Apr 12, 2015 11:39pm Apr 12, 2015 11:39pm
Hey Billy,
Hope everything was ok on the door on Friday and you didn't run into too many drunks thinking they are 10 ft tall and bulletproof. Seems like we share a bit in common with military backgrounds/ British / warped sense of humour lol. I trade price action and breakouts but on smaller TF's, thanks for your thread and i'll probably hang out in here - maybe contribute a bit from time to time if thats ok.
Cheers
JPR
  • #1,290
  • Apr 13, 2015 1:07am Apr 13, 2015 1:07am
Quoting Jpr
Hey Billy, Hope everything was ok on the door on Friday and you didn't run into too many drunks thinking they are 10 ft tall and bulletproof. Seems like we share a bit in common with military backgrounds/ British / warped sense of humour lol. I trade price action and breakouts but on smaller TF's, thanks for your thread and i'll probably hang out in here - maybe contribute a bit from time to time if thats ok. Cheers JPR
Welcome Jpr, Feel free to comment , we are all here still learning so anything new could be a bonus.
Getting 5 on the daily breakout is good for me but any help for the guys/gals wanting more pips would be a help ..
Fri was ok on the door and yes, I have a warped sense of humour. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,291
  • Edited 1:35am Apr 13, 2015 1:13am | Edited 1:35am
Trading E/J daily break,,,,
I got 5 from Sunday high break and I didn't have a second trade running...
Sunday low is very close to Friday low and the weekly is on inside bars SOOOOOOOOOO should it break it should (should) lol drop to next level 12570.
I am only saying, I got my 5 and am happy...............
Attached Image (click to enlarge)
Click to Enlarge Name: mon13th.PNG Size: 29 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,292
  • Apr 13, 2015 4:18pm Apr 13, 2015 4:18pm
ooooooooooooo isn't it quiet,, any way Sunday low was also broken as was the weekly and the weekly inside bar,,
Simply an excellent day. the next level down is about 50/70 points away so hopefully the pip grabbers will be even more happy. BUT look for clues. be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,293
  • Apr 13, 2015 4:24pm Apr 13, 2015 4:24pm
Scalping,,, I have been scalping e/j again today on the 15 min chart , that was ok. Only small lots but got a few pips. had a couple of bad trades but on the whole it was good and FUN... I might need someone like Sis to share some views.

I am scalping on 15 minute chart going off the 14 day Relative Strength Indie, simple as that. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,294
  • Apr 13, 2015 4:55pm Apr 13, 2015 4:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.PNG Size: 30 KB


nothing to do with daily breakout, my next scalp will be the break of the high or low of the RSI 15 min. it is also getting boxed in and I reckon it should move good when it breaks. Hopefully down like I said yesterday so it will look good on my CV lol jaja. Lets see what happens.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,295
  • Apr 14, 2015 1:20am Apr 14, 2015 1:20am
Good morning all, Where has everyone gone?..
E/J low was broken and dropped about 40/50 pips, it retraced before the next level of 12570/80.
I made a slight error in post 1292 but nothing major but it did drop ha ha.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,296
  • Edited 7:26am Apr 14, 2015 1:29am | Edited 7:26am
I posted very similar chart to this 8 hours ago..
Attached Image (click to enlarge)
Click to Enlarge Name: 1404short.PNG Size: 42 KB


A = boxed in then dropped...
B = I shorted off the RSI low at C and it dropped
This drop actually lined up with the break of A but this doesn't always happen, perhaps this is more of a clue to hit it ..
Any questions good or bad just ask, I want you guys/gals to make money....



edit the high of that RSI I pointed out was broken and I longed it, woooooooooooo only trading this scalping method if it can be called that with small pip stake, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,297
  • Apr 14, 2015 8:38am Apr 14, 2015 8:38am
Quoting billytt
I posted very similar chart to this 8 hours ago.. {image} A = boxed in then dropped... B = I shorted off the RSI low at C and it dropped This drop actually lined up with the break of A but this doesn't always happen, perhaps this is more of a clue to hit it .. Any questions good or bad just ask, I want you guys/gals to make money.... edit the high of that RSI I pointed out was broken and I longed it, woooooooooooo only trading this scalping method if it can be called that with small pip stake, be good

Good points about RSI, it was the point where some bulls enter . Now E/J is at 20 SMA 4 hour, thats where they take profit

I was reading something about RSI, (i am not using it... but) Some advice there to add Moving average 21 on top on RSI in same window, then it can give interesting results. Did not try it but maybe worth looking at it too.
  • #1,298
  • Apr 14, 2015 2:38pm Apr 14, 2015 2:38pm
Quoting billytt
Scalping,,, I have been scalping e/j again today on the 15 min chart , that was ok. Only small lots but got a few pips. had a couple of bad trades but on the whole it was good and FUN... I might need someone like Sis to share some views. I am scalping on 15 minute chart going off the 14 day Relative Strength Indie, simple as that. Be good

@Billytt

Billy - have a look at Ryanmcd's post -a few years old now but seems a good scalper who learnt "from the school of hard knocks."
http://www.forexfactory.com/search.p...rchid=15143184
He had a follower -Jankone -who carried the torch for Ryan -used Pins to trade (Fond of counter trend trades despite being warned by Ryan that trades with the trend were better.
http://www.forexfactory.com/search.p...rchid=15143254
I think that in addition to Pins one could achieve more using engulfing bars, Inside bars and being mindful of support and resistance and maybe direction of hourly bars.
Ryanmcd and Jankone traded, primarily 5 minute and 15 minute bars with the odd foray into higher time frames.
But my point is that "Keep it simple" seems to be key in making money (that's in addition to a few thousand hours of chart time -just like Billy, Claudia and a few others that post here have done).
every Saint has a past. Every Sinner has a Future
  • #1,299
  • Apr 14, 2015 4:07pm Apr 14, 2015 4:07pm
Quoting RabbitWolf
{quote} Good points about RSI, it was the point where some bulls enter . Now E/J is at 20 SMA 4 hour, thats where they take profit I was reading something about RSI, (i am not using it... but) Some advice there to add Moving average 21 on top on RSI in same window, then it can give interesting results. Did not try it but maybe worth looking at it too.
Hi Bunny, Hope you are ok. When I trade the daily breakout and it goes wrong I normally drop to 15 min chart and look at RSI and then I start adding or hedging, trading against and it works perfectly.
I do not advise anyone to trade the RSI as I personally do not think it works consistently enough, I can show many examples of failure.,Good idea about adding the 21 ma, be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,300
  • Apr 14, 2015 4:12pm Apr 14, 2015 4:12pm
Quoting turnip15
{quote} @Billytt Billy - have a look at Ryanmcd's post -a few years old now but seems a good scalper who learnt "from the school of hard knocks." http://www.forexfactory.com/search.p...rchid=15143184 He had a follower -Jankone -who carried the torch for Ryan -used Pins to trade (Fond of counter trend trades despite being warned by Ryan that trades with the trend were better. http://www.forexfactory.com/search.p...rchid=15143254 I think that in addition to Pins one could achieve more using engulfing bars, Inside bars and...
Hi Turnip hope all is well. Like I told Bunny I usually look at RSI on 15 min when a daily trade is bad and then leave it alone, but that got me thinking about actually trying to scalp over several hours.
The method I am using , I will maybe get an entry after 90 mins/1 hour or longer , So I know I can go out or do what ever.
As for inside bars /outside bars these are excellent on the daily and I would not hesitate to trade them big, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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