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Billytt Die happy trading e/j daily breakout

  • #1,741
  • Edited 5:28am May 15, 2015 5:13am | Edited 5:28am
Nice and easy + 20 - not so sure it would pay for a weekend away and must stop cluttering my chart with boxes
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  • #1,742
  • May 15, 2015 5:16am May 15, 2015 5:16am
Quoting turnip15
@Claudia1 (Claudia -do you use lower time frames -5 minute as an example -to manage your hour pivot trades? ) One hour Claudia gbp/euro {image}
Not 5 min but do watch 15 min.
  • #1,743
  • May 15, 2015 5:20am May 15, 2015 5:20am
Quoting RabbitWolf
G/U looking a bit tired on 4 hour with MACD cross and trendline broken, squeezed pivots. Will look to sell tops maybe... 1.5838 (138 extension may give reaction if it pop up higher) {image} Daily look - did not get to 50 FIB yet !!! 1.5880, ... Maybe later... (Year Pivot ... + 161 extension next ? ) - Claudia, you will like this idea .... {image}
Yearly pivots and charts that look like traffic lights ........... . I bet you got more charts and systems than anyone on ff . Have good weekend and same to all.
  • #1,744
  • May 15, 2015 8:07am May 15, 2015 8:07am
@rabbit- keep on scalping lol.

'The market uses a benchmark called the 4pm “fix”, which, if it is found that it was manipulated by traders, could have cost UK firms millions of pounds and affected everything from company accounts to the value of investments.
The London 4pm fix was begun in 1994 and is now a joint venture between WM and Thomson Reuters. It takes the exchange rate between foreign currencies at the 4pm closing price.
These prices are then used to transact foreign exchange deals worldwide. The benchmark was rapidly adopted by clients seeking a common reference point.
However, currency traders armed with the knowledge of client orders are at a distinct advantage.
“We see frenetic trading activity in the lead-up to the 4pm fixing. It is quite obvious there are some big orders going through,” said Chris Towner, director at HiFX, a foreign exchange dealer.
“Currency dealers will start buying before the client and then complete the client’s order at the higher 4pm rate.”
Towner described how in foreign exchange markets with orders of hundreds of millions of pounds, traders have to move the markets only by very little just before the 4pm fix to make considerable amounts of money.'
  • #1,745
  • May 15, 2015 11:18am May 15, 2015 11:18am
Quoting claudia1
Nice and easy + 20 - not so sure it would pay for a weekend away and must stop cluttering my chart with boxes {image}
Hi Claudia,,, from when I said about Cable dropping it did drop a further 50,,, To me that is a lot. I honestly thought it would drop further and perhaps it will, but the first part has been done lol.
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have a good weekend all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,746
  • May 15, 2015 11:47am May 15, 2015 11:47am
Quoting claudia1
@rabbit- keep on scalping lol. 'The market uses a benchmark called the 4pm fix, which, if it is found that it was manipulated by traders, could have cost UK firms millions of pounds and affected everything from company accounts to the value of investments. The London 4pm fix was begun in 1994 and is now a joint venture between WM and Thomson Reuters. It takes the exchange rate between foreign currencies at the 4pm closing price. These prices are then used to transact foreign exchange deals worldwide. The benchmark was rapidly adopted by clients...
Nicely put Claudia, my trader friend in London once tried to explain this to me but it was well over my head lol, maybe the cider was the reason.
I like the idea of this happening as in conspiracy, it happens in all walks of life from members of parliament expenses to corner shop tax returns, it is the norm for people in the know,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,747
  • May 15, 2015 11:57am May 15, 2015 11:57am
Quoting turnip15
Anyone any idea why Brent Crude (5 min. chart) and Dax (3 min. chart) seem to be thrashing about -I could not find a pattern or set up to trade either confidently ?
Hi Turnip, no idea lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,748
  • May 15, 2015 12:03pm May 15, 2015 12:03pm
Oh, I almost forgot, I got the 5 today and 1 on the second trade,
Tomorrow I shall put the stats down for this week including G/J .
My buddy says I should put down next weeks stats too lol, that's confidence.

edit,, I think G/J has had 4 wins and 1 loss this week I haven't actually looked, it is good one though even though I do not trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,749
  • Edited 4:37pm May 15, 2015 1:15pm | Edited 4:37pm
Quoting claudia1
@rabbit- keep on scalping lol. ' '
Well i did.... Good scalping.... I like more then trend trading

That was that 1.2.3. pattern with broken trendline , which i like it very much.... where i will sell at top and buy on bottom. It makes two swings down, then you can buy around S1 and when it reaches top , everybody takes profit and sell again. ( in this case on big green candle... ) BB's and moving averages and fibs play big role on days like this. On this set up we may lose if we go too bullish. !!!!




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G/J in crossroads at Year mid pivot and a Fibo and S/R, if GBP pairs attempt to go down a bit, this could give more reaction next week. Just looking at day chart.
Just good to know.. will check on small time frames later


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Positive business here , we all could visit ...... No i am not getting suspended for this....


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  • #1,750
  • May 16, 2015 7:27am May 16, 2015 7:27am
Quoting RabbitWolf
{quote} Well i did.... Good scalping.... I like more then trend trading That was that 1.2.3. pattern with broken trendline , which i like it very much.... where i will sell at top and buy on bottom. It makes two swings down, then you can buy around S1 and when it reaches top , everybody takes profit and sell again. ( in this case on big green candle... ) BB's and moving averages and fibs play big role on days like this. On this set up we may lose if we go too bullish. !!!! {image} G/J in crossroads at Year mid pivot and a Fibo...
just saw the image at the bottom. Lets drink to this.
Attached Image
  • #1,751
  • May 16, 2015 9:28am May 16, 2015 9:28am
Hi all, Lets drink rabbit wine, sounds good..
I shorted cable Fri evening as I have a cunning plan. If it gaps up it should drop or if it drops that will be good, ok it might then retrace as gaps do, but I have a feeling, probably the weather is getting to me, Today Saturday it is absolutely gorgeous outside.
So let cable drop, I do not do this very often lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,752
  • Edited 11:25am May 16, 2015 11:05am | Edited 11:25am
Quoting billytt
Hi all, Lets drink rabbit wine, sounds good.. I shorted cable Fri evening as I have a cunning plan. If it gaps up it should drop or if it drops that will be good, ok it might then retrace as gaps do, but I have a feeling, probably the weather is getting to me, Today Saturday it is absolutely gorgeous outside. So let cable drop, I do not do this very often lol
Billy i hope i did not confuse anybody here posting charts. I hope it gaps down...
This is strange to me why did you decide to sell bottom on Friday ? Bigger Red engulfing candle on Daily ?


BB on 4 hour is flat and technically it should make to the bottom of 4 hour Bollinger and SMA 32 on 4 hour , but 1.5700 could make a range on 15 min chart (Big moving averages come in play on here too )
It was strong uptrend so need to watch 4 Hour BB Bottom.

The indexes did not cross yet on 5 min chart. I see that GBP and JPY did, but this is only 5 min index chart ...not full reversal signal. So need to take small scalping steps.


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  • #1,753
  • May 16, 2015 12:13pm May 16, 2015 12:13pm
Hi bunny. I trade daily break as you all know and it doesn't matter about anything else. With cable which I do not trade and certainly dont trade over weekends until now. Is simply It looks like it will drop and I want to be on it. If it doesnt i will hedge or trade against it until good. Keep posting your charts. Be good. I am away from home for a short whilr
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,754
  • Edited 2:28pm May 16, 2015 2:07pm | Edited 2:28pm
Quoting RabbitWolf
{quote} Billy i hope i did not confuse anybody here posting charts. I hope it gaps down... This is strange to me why did you decide to sell bottom on Friday ? Bigger Red engulfing candle on Daily ? BB on 4 hour is flat and technically it should make to the bottom of 4 hour Bollinger and SMA 32 on 4 hour , but 1.5700 could make a range on 15 min chart (Big moving averages come in play on here too ) It was strong uptrend so need to watch 4 Hour BB Bottom. The indexes did not cross yet on 5 min chart. I see that GBP and JPY did, but this is only 5...
Agree it was a strange time to sell.

Looking at cable coming into Monday we got no high impact news from UK or US or anywhere. So market should be real quiet. My take is a run down to 00 zone Friday's low and maybe find support with a double bottom on H1 in there already. As you say strong up move but if it breaks 57 then

Bounce off the 00 up to dp my plan so far.

Wait until 8.15 ish Monday for 'clues' for me.

Good luck Billy.
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  • #1,755
  • Edited 7:31pm May 17, 2015 8:42am | Edited 7:31pm
Quoting claudia1
{quote} Bounce off the 00 up to dp my plan so far. Wait until 8.15 ish Monday for 'clues' for me. Good luck Billy. {image}
Continue dissecting Cable... (for fun)
Attempts to draw possible channel , leaving BB on, which looks like turning from mid line,
In order to go up this BB need to kick down.
In all this trend ...... Center of 4 hour BB was past only two times, it would be good time for third... Then Billy's rules would be completed here. Will see ... (if bulls will be napping.... - keep scalping )
By the way ... those with Eliot wave analysis say that 5th wave is completed.

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GBP index .... does it look like double top ? It could...



Attached Image



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Last 4 hours ... GBP did not look booming at all , maybe Friday some bulls took profit .





-------------
No trading advice here, just speculation...
  • #1,756
  • May 17, 2015 5:33pm May 17, 2015 5:33pm
Hi all, Have a good trading week, If E/J has a range bigger than 25 today Sunday I will trade it on the break....
Cable not exactly going to plan but I am with it plus the gap filled, So even more with it lol. trade well all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,757
  • May 18, 2015 2:32am May 18, 2015 2:32am
good morning from a very wet south coast
E/J Sunday high was broken for 5 and Fri high was broken, I felt uneasy with the long so only had 1 trade running.
Sunday low was also broken and I am still shorting it. I shouldn't be here right now speaking lol.
The 15 min ORB e/j is good I hope Turnip is with it ( hope everyone is)

As for cable, I got it right end of story....

edit, Sun low just broke, my first trade is now closed and lets see how the second goes, be good all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,758
  • May 18, 2015 3:11am May 18, 2015 3:11am
Quoting billytt
good morning from a very wet south coast E/J Sunday high was broken for 5 and Fri high was broken, I felt uneasy with the long so only had 1 trade running. Sunday low was also broken and I am still shorting it. I shouldn't be here right now speaking lol. The 15 min ORB e/j is good I hope Turnip is with it ( hope everyone is) As for cable, I got it right end of story.... edit, Sun low just broke, my first trade is now closed and lets see how the second goes, be good all.
I certainly am (writing from a wet Norfolk)
every Saint has a past. Every Sinner has a Future
  • #1,759
  • May 18, 2015 3:16am May 18, 2015 3:16am
No sun here just rain and more rain. Target hit for day +20 g/u. Strange move.
  • #1,760
  • May 18, 2015 3:24am May 18, 2015 3:24am
Claudia- would you have shorted below big round number on Cable ?
Billy -the E/J trade
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every Saint has a past. Every Sinner has a Future
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