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Billytt Die happy trading e/j daily breakout

  • #1,541
  • Edited 11:53am Apr 29, 2015 11:16am | Edited 11:53am
Quoting claudia1
{quote} USD had to weaken but is it just stalling ? FOMC tomorrow then BoJ Thursday. UK election around the corner. Index chart is interesting. It's a play safe time on currencies although there has to be some big moves over next few weeks. Both a/j and a/u are around double adr 14 and wouldn't be surprised if went further. If $ has run dry that could see cable at 55 very quick. Bank holiday in Japan missed that. G/J might be worth watching.
Got there give or take a few pippies. Where next ? Way it's going 60 can't be discounted. A/J and A/U kept running. @rabbit - liked your analysis earlier you put a lot more thought in than Billy or I do. It's good.

@turnip - cable moving so quick it's opening above dp and just keeps going. Normally expect a pull back then a bounce off. Markets like this should be easy but can be tough as always looking to short off the 'top'. We all been there.

See what FOMC comes up with then UK election and NFP next week.

Edit: cable is where it was 5 years ago at last election. Then dropped 900 points. Will history repeat.
  • #1,542
  • Apr 29, 2015 12:05pm Apr 29, 2015 12:05pm
Quoting claudia1
{quote} Got there give or take a few pippies.Where next ? Way it's going 60 can't be discounted. A/J and A/U kept running. @rabbit - liked your analysis earlier you put a lot more thought in than Billy or I do. It's good.
LOL . If i trade what i see in analysis ... i would be much better . But sometimes bad psychology takes over.

Closing trades, will not participate in FOMC..
  • #1,543
  • Apr 29, 2015 12:09pm Apr 29, 2015 12:09pm
Quoting RabbitWolf
{quote} LOL . If i trade what i see in analysis ... i would be much better . But sometimes bad psychology takes over. Closing trades, will not participate in FOMC..
Yep I'm out wine bar time.
  • #1,544
  • Apr 29, 2015 12:45pm Apr 29, 2015 12:45pm
Quoting turnip15
Billy Midnight (Sounds like a pop singer or Highway man ) Two charts showing break of midnight bar but........before getting excited back check other bars -not always so easy hence Williams warning about being prepared to drop down to 15 minutes time frame to manage trade (If I am wrong Billy will soon appear to throw sticks at me) {image} {image}
Hi Turnip, In the text book scenario of TRADING you use MONEY MANAGEMENT where you trade with 1:2 or 1:3 or 1:4 payback so you can actually have some losers and still be profitable. (maybe not using 1/2) .
The way I trade the daily break is against all this.
I have good odds of getting either 5 or 10 pips,
Back check years of daily candles and you will always see either breaks with full body gains or little wicks where reversal happens BUT you will normally still get 5 or 10 pips.
I am good at making bad trades good and that is why I will drop to 15 minute time frame and look for clues then either add to/counter or hedge.
You are ok bud, I will not beat you with a stick lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,545
  • Apr 29, 2015 12:47pm Apr 29, 2015 12:47pm
Quoting turnip15
@billytt Last one -honest Billy. I seem to favour oil for a lot of trades lately plus Claudia pivot on pound and one eye kept on a couple of 15minute breaks(sometimes in cooperation with my own developing style for confidence -Pins and dbhlc bars etc). I am interested in Billies Midnight bars but cannot work out how to trade them -by that I mean: do I stay up all night :-( or set alarms or simply look at price at 7am on the 15 minute bar and decide to get in or wait). The hard part now is choosing one trade from several chart set ups and going with...

too much information. If you trade a certain style you have to be awake. I traded for a living and it was like working a night shift in a factory or where ever.
Sometimes we have to work unsociable hours.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,546
  • Apr 29, 2015 12:48pm Apr 29, 2015 12:48pm
Quoting pipreeper
{quote} Which is better....there's only one way to find out,,, {image}
nice one
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,547
  • Apr 29, 2015 12:50pm Apr 29, 2015 12:50pm
Quoting turnip15
{quote} Careful -Billy may come in and throw us out the club for rowdyism {image}
ha I have seen this many times lol, One thing I never ever do is point my finger. I was brought up with if some one points at you break it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,548
  • Apr 29, 2015 1:18pm Apr 29, 2015 1:18pm
Here you go Billy -sup up
Attached Image
every Saint has a past. Every Sinner has a Future
  • #1,549
  • Apr 29, 2015 1:23pm Apr 29, 2015 1:23pm
Quoting turnip15
Here you go Billy -sup up {image}
mmmmm I haven't had a drink for 8 weeks sad
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,550
  • Apr 29, 2015 3:37pm Apr 29, 2015 3:37pm
I just turned my trade monitor on after my bud phoned.
what is that song I FEEL GOOD, He gave me a bonus woo woo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,551
  • Apr 29, 2015 3:37pm Apr 29, 2015 3:37pm
Quoting turnip15
Here you go Billy -sup up {image}
eeee bah gum, its aww reet
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,552
  • Apr 29, 2015 3:41pm Apr 29, 2015 3:41pm
[quote=claudia1;8235382]{quote} Got there give or take a few pippies. Where next ? Way it's going 60 can't be discounted. A/J and A/U kept running. @rabbit - liked your analysis earlier you put a lot more thought in than Billy or I do.

Thing is Claudia, some people like simple (me) and others complex.as long as it works that is brilliant.
My way is a lot easier to teach though


edit,,, this post was aimed at lurkers Claudia, I know you know.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,553
  • Apr 29, 2015 4:02pm Apr 29, 2015 4:02pm
[quote=billytt;8235981]
Quoting claudia1
{quote}
My way is a lot easier to teach though
I think you are pretty good teacher , somebody has to say that.... You spend time here and people should appreciate it..
Have good Month ending !
  • #1,554
  • Apr 29, 2015 4:09pm Apr 29, 2015 4:09pm
[quote=RabbitWolf;8235994]
Quoting billytt
{quote} I think you are pretty good teacher , somebody has to say that.... You spend time here and people should appreciate it.. Have good Month ending !
awww here take these
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,555
  • Apr 29, 2015 4:14pm Apr 29, 2015 4:14pm
looking at e/j weekly, it looks good for another 150/200 long to 20 ma, and then it should be midway on 14 RSI omg I cannot believe what I just said, it sounds like I know something which I don't. I am a sheep baaa baaa
Attached Image


and next level up is 150/+
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,556
  • Apr 29, 2015 9:04pm Apr 29, 2015 9:04pm
Quoting billytt
{quote} too much information. If you trade a certain style you have to be awake. I traded for a living and it was like working a night shift in a factory or where ever. Sometimes we have to work unsociable hours.
Talking about unsociable hours,,,couldn't sleep so thought I would take a gander.

This is a great place,,,,lots of information and help and is wonderful how traders find time to help others.
Great thread billy
  • #1,557
  • Apr 30, 2015 1:38am Apr 30, 2015 1:38am
Quoting pipreeper
{quote} Talking about unsociable hours,,,couldn't sleep so thought I would take a gander. This is a great place,,,,lots of information and help and is wonderful how traders find time to help others. Great thread billy
Good morning Pip, I bet you over lie now that you were awake in the night lol.
Nothing happened with e/j so I set alarm and slept.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,558
  • Apr 30, 2015 1:43am Apr 30, 2015 1:43am
Mornin billy, got a thick head this morning,,,,,,,feel like I have had a few pints of your scrumpy,lol
  • #1,559
  • Apr 30, 2015 1:43am Apr 30, 2015 1:43am
I spoke yesterday about e/j being capable of moving up another 150 to next level, IF no trigger DON'T TRADE that is unless you are already in the trade..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,560
  • Apr 30, 2015 1:45am Apr 30, 2015 1:45am
Quoting pipreeper
Mornin billy, got a thick head this mornin
yay, good to see you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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