Billytt Die happy trading e/j daily breakout | Page 82 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #1,621
  • Edited 5:19pm May 2, 2015 3:33pm | Edited 5:19pm
I posted wrong chart before so i should correct myself

USD Dow Jones - Day - was reacting at 100 SMA on day chart and S/R line... 20 SMA Weekly. If i trade this - only take small steps. This is not uptrend anymore. Thats where BBs will help

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Day pivots - made to R2 Pivot.. will keep watching...

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  • #1,622
  • May 2, 2015 5:28pm May 2, 2015 5:28pm
Turnip, I forgot to reply about this chart....
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It is a lot easier to answer after the event but
1 = top level.
2 = second top level.
3 = bottom level
4 = all candles boxed in, good clue
5 = orb, broke the high
6 = orb broke the low
some people only trade off the first break..
my trading nature now is to look at the next level and then look for clues.
as in you can see where it is heading,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,623
  • Edited May 3, 2015 1:28am May 2, 2015 5:40pm | Edited May 3, 2015 1:28am
Turnip,,,
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I do not trade this excellent method but every method isn't 100% guaranteed to win.
Therefore I would say it was a fail.
my trade pc is off but that big red candle, was it an outside bar??? you letter A covered it.



edit,,, when I say lots, I mean more than 5
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,624
  • Edited May 3, 2015 2:12am May 2, 2015 5:50pm | Edited May 3, 2015 2:12am
Turnip,,,, I actually just fired up pc, that candle was not quite an outside bar, it was about half a point inside BUT if you had traded the daily breakout and held YOU WOULD OF MADE LOTS .
It was cable which i do not touch but Claudia did say it would drop mmmmmmmmmmmmmm if she lived in the 1600s she would of been branded a witch lol.


edit,before I post this I will edit, I know the stock exchange wasn't running then, I am joking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,625
  • May 3, 2015 4:11am May 3, 2015 4:11am
Quoting billytt
Turnip,,, {image} I do not trade this excellent method but every method isn't 100% guaranteed to win. Therefore I would say it was a fail. my trade pc is off but that big red candle, was it an outside bar??? you letter A covered it. edit,,, when I say lots, I mean more than 5
@billytt

I call it a double top/lower close -it's something I got from the James16 thread that I find very good, especially if in line with a trend. plus it had broken down through the Pivot (Claudia type set up). However, as Claudia pointed out, it was news time so maybe I should have exercised caution and ignored that pivot break plus double/top lower close

I had traded one orb for a profit. I also noticed that if one pair broke out then some of the others followed similar patterns. I would like to work out how to find pairs that are not "follow my leader" types and therefore "uncorrelated pairs"? Any ideas?
every Saint has a past. Every Sinner has a Future
  • #1,626
  • May 3, 2015 4:19am May 3, 2015 4:19am
Quoting billytt
Turnip, I forgot to reply about this chart.... {image} It is a lot easier to answer after the event but 1 = top level. 2 = second top level. 3 = bottom level 4 = all candles boxed in, good clue 5 = orb, broke the high 6 = orb broke the low some people only trade off the first break.. my trading nature now is to look at the next level and then look for clues. as in you can see where it is heading,
Very useful analysis Billy -many thanks for taking the time to look at my charts.
every Saint has a past. Every Sinner has a Future
  • #1,627
  • May 3, 2015 5:27am May 3, 2015 5:27am
Quoting turnip15
{quote} @billytt I call it a double top/lower close -it's something I got from the James16 thread that I find very good, especially if in line with a trend. plus it had broken down through the Pivot (Claudia type set up). However, as Claudia pointed out, it was news time so maybe I should have exercised caution and ignored that pivot break plus double/top lower close I had traded one orb for a profit. I also noticed that if one pair broke out then some of the others followed similar patterns. I would like to work out how to find pairs that are not...
https://www.mataf.net/en/tools/01-01-correlation
  • #1,628
  • May 3, 2015 5:47am May 3, 2015 5:47am
Quoting claudia1
{quote} https://www.mataf.net/en/tools/01-01-correlation
Thanks Claudia -I've now bookmarked that page
every Saint has a past. Every Sinner has a Future
  • #1,629
  • May 3, 2015 4:32pm May 3, 2015 4:32pm
Turnip, I know you quote other sites regarding trading, but what are the stats like.
Do you wait for a set up over a length of time then trade and make a heap of pips and have a workable method.
I get confused or did when I see some of the posted charts where they have high/low lines marked over time and I think when/where do they enter.
That is why I can post one daily candle and say this is how I trade lol. and for more pips look for a level as these are pure price action information and not averages etc.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,630
  • May 3, 2015 4:33pm May 3, 2015 4:33pm
Quoting turnip15
{quote} Thanks Claudia -I've now bookmarked that page
I only mentioned correlation to some one earlier regarding this when I am hedging a losing trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,631
  • May 3, 2015 4:57pm May 3, 2015 4:57pm
So far 24 range with e/j almost my trading spread.
Normally we do not trade bank holidays and infact do not trade Mondays but hey ho lets see what happens, after all in the future the stats wont say what the day was.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,632
  • May 3, 2015 6:03pm May 3, 2015 6:03pm
Stats E/J 1st Jan to 1st May
Trades 101,,,, 88 wins and 13 losses that is 88% strike rate. Last week 5 wins 1 loss..
G/J 1st Jan to 1st May, 99 trades,,,92 wins and 7 losses, that is 92% strike rate. last week 5 wins and 1 loss.
I did not personally trade all the E/J trades last week but a monkey did.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,633
  • Edited 6:27pm May 3, 2015 6:06pm | Edited 6:27pm
Have a good week, G/J looks interesting, Fri was a big outside bar


edit,,, and E/J Sun candle was 25 range , soooooooooooooooooo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,634
  • May 3, 2015 6:43pm May 3, 2015 6:43pm
Quoting billytt
Have a good week, G/J looks interesting, Fri was a big outside bar edit,,, and sun candle was 25 range , soooooooooooooooooo
E/J and E/U could drop ---- 20 sma weekly on E/U . E/J has to go a bit under..... E/J is not fully my idea.... (that could take more wiggle ) But E/U look tired

Eur index in three drive on 1 hour

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Have good week !
  • #1,635
  • May 3, 2015 6:54pm May 3, 2015 6:54pm
G/J is on 200 minimum point away trade, they are expecting something
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,636
  • Edited 7:17pm May 3, 2015 6:56pm | Edited 7:17pm
Here we go, lets see what happens e/j and g/j both to drop short


edit,,, wishful thinking with G/j it hasn't quite broke the low of sun
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,637
  • May 3, 2015 7:04pm May 3, 2015 7:04pm
Quoting billytt
Here we go, lets see what happens e/j and g/j both to drop short

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Good pattern - a bit to late for a party . should be going from top...
  • #1,638
  • May 3, 2015 7:14pm May 3, 2015 7:14pm
Quoting RabbitWolf
{quote} {image} Good pattern - a bit to late for a party . should be going from top...

Nah, that is wishful thinking, we trade now not what might of happened, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,639
  • Edited 7:39pm May 3, 2015 7:28pm | Edited 7:39pm
I got 5 on E/J and closed it, I have another trade running hopefully it will drop otherwise I close it for +1.

edit, I closed my 2nd trade on +2.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,640
  • May 3, 2015 7:42pm May 3, 2015 7:42pm
I asm tempted to short E/J again if it drops to 13441, (silly season) and the night is young
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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