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Billytt Die happy trading e/j daily breakout

  • #1,821
  • May 25, 2015 11:07pm May 25, 2015 11:07pm
E/J Sunday high and low was broken and both failed.
This is the first time this year it has happened.
G/J was ok for both breaks.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,822
  • Edited 11:26pm May 25, 2015 11:13pm | Edited 11:26pm
new method E/J got down to 13310 (10 away) from my goal of 13300... So far so good.
the G/J trade is still developing ( nothing happening yet)
Attached Image (click to enlarge)
Click to Enlarge Name: ej26th.PNG Size: 50 KB


edit... as soon as (IF) e/j drops to 13300 I will then close and re open next trade. looking at the 14 day RSI it should have no problem making another 200 ,(no idea which way yet ) but I will be with it .

edit again.. I am glad I did not give my thoughts on G/J, the signs though are to drop .
Let it develop, I am still only testing this method (with real money)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,823
  • May 26, 2015 3:33am May 26, 2015 3:33am
Quoting billytt
new method E/J got down to 13310 (10 away) from my goal of 13300... So far so good. the G/J trade is still developing ( nothing happening yet) {image} edit... as soon as (IF) e/j drops to 13300 I will then close and re open next trade. looking at the 14 day RSI it should have no problem making another 200 ,(no idea which way yet ) but I will be with it . edit again.. I am glad I did not give my thoughts on G/J, the signs though are to drop . Let it develop, I am still only testing this method (with real money)
Good result. Is Rabbit doing charts for you

Cable stuck at 00 after nice little drop away from pivot area. US news 13.30 should wake the thing up.
  • #1,824
  • May 26, 2015 3:45am May 26, 2015 3:45am
Quoting claudia1
{quote} Good result. Is Rabbit doing charts for you Cable stuck at 00 after nice little drop away from pivot area. US news 13.30 should wake the thing up.
cheeky girl, I hope you are fine. I couldn't see the horizontal lines on screen so added them lol.
I am trading blind, e/j - g/u - g/j just trying something out.
I have 80 locked in on e/j. the other 2 pairs are developing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,825
  • May 26, 2015 3:52am May 26, 2015 3:52am
Quoting billytt
{quote} cheeky girl, I hope you are fine. I couldn't see the horizontal lines on screen so added them lol. I am trading blind, e/j - g/u - g/j just trying something out. I have 80 locked in on e/j. the other 2 pairs are developing
Looks like you got a good idea developing. 80 is near on weeks target for me.
  • #1,826
  • May 26, 2015 4:00am May 26, 2015 4:00am
Quoting claudia1
{quote} Looks like you got a good idea developing. 80 is near on weeks target for me.
#
lol, 4 weeks for me , used to 5 a day .

it hasn't whipped yet so I am still not sure what will happen. last week I hit almost 200 on e/j and g/j.
I can normally trade bad trades good but I want other people to use this method without too much effort
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,827
  • May 26, 2015 4:07am May 26, 2015 4:07am
Quoting billytt
{quote} # lol, 4 weeks for me , used to 5 a day . it hasn't whipped yet so I am still not sure what will happen. last week I hit almost 200 on e/j and g/j. I can normally trade bad trades good but I want other people to use this method without too much effort
I don't actually look for points look straight at bottom line in terms of £. Making money with negative points is achievable which some find hard to grasp (remember one in particular but wont dare say the name!).
  • #1,828
  • May 26, 2015 4:22am May 26, 2015 4:22am
Quoting claudia1
{quote} I don't actually look for points look straight at bottom line in terms of . Making money with negative points is achievable which some find hard to grasp (remember one in particular but wont dare say the name!).
Me too.but a lot of FF people like to see pips and it is a big seller. Why do you think I love 5 (I know you know). It does need skill though (balls) lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,829
  • May 26, 2015 6:59am May 26, 2015 6:59am
yesterdays e/j daily high was broken.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,830
  • May 26, 2015 7:04am May 26, 2015 7:04am
I got e/j locked for 80 but am confused how to play it, cable and g/j are going to plan but anything can happen . This is all new .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,831
  • May 26, 2015 7:09am May 26, 2015 7:09am
Hi
I have read the thread but still not getting it, do you set pending orders below the daily candle and target 5 pips ?
What sl do you use ?
Many thanks
Harry
  • #1,832
  • May 26, 2015 4:07pm May 26, 2015 4:07pm
Quoting HarryV
Hi I have read the thread but still not getting it, do you set pending orders below the daily candle and target 5 pips ? What sl do you use ? Many thanks Harry
Hi Harry and welcome,
I set pending order to trigger on the previous days high and low, once triggered I close it once 5 pips are made, I normally do have a second trade running to gather more.
stop loss ,,, this is the difficult bit. for my stats I have a 20 stop loss but once I am in a losing trade I will adjust it and counter trade normally off the 15 min chart or even hedge on another pair. This is difficult to teach but I am good at it.
10 pips can also be gathered instead of 5. I trade this way to keep occupied. Trade well and ask questions
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,833
  • May 26, 2015 4:15pm May 26, 2015 4:15pm
Tuesdays breakout of Monday high and low was good and has made a big outside bar. lets see what happens, it can still move a long way.
My other trades are not doing much but it is early days as they say lol, e/j still locked in with 80.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,834
  • May 27, 2015 12:48am May 27, 2015 12:48am
Hello, So far e/j has stayed in Tuesday range, other trades not doing much,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,835
  • May 27, 2015 7:13am May 27, 2015 7:13am
EJ has broken yesterday's high for +5.
  • #1,836
  • May 27, 2015 7:45am May 27, 2015 7:45am
Quoting bonkers
EJ has broken yesterday's high for +5.
yes indeed Bonkers. one trade for 5. Remember,,,, it isn't always this easy..

My other trades, e/j locked in with 80, g/j closed for 100 and then re opened and cable nothing happening.
I don't know if I like trading this way. normally only one pair not 3 .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,837
  • May 27, 2015 9:52pm May 27, 2015 9:52pm
Quoting billytt
{quote} yes indeed Bonkers. one trade for 5. Remember,,,, it isn't always this easy.. My other trades, e/j locked in with 80, g/j closed for 100 and then re opened and cable nothing happening. I don't know if I like trading this way. normally only one pair not 3 .
Today wasn't as smooth but price finally broke previous day's high for +5.
  • #1,838
  • May 28, 2015 12:02am May 28, 2015 12:02am
Quoting bonkers
{quote} Today wasn't as smooth but price finally broke previous day's high for +5.
Hello Bonkers, today was quite normal, got 5 then got out.
Sometimes we have a retrace before the move .
Some people trade off the retrace for extra safety, I trade the break and get on with it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,839
  • May 28, 2015 5:04pm May 28, 2015 5:04pm
I forgot to post stats on daily breakout,
1st January to and including 28th May ,,,
E/J 127 trades,,, 109 wins and 18 losses... 86% strike rate....
G/J 122 trades,,, 111 wins and 11 losses,,, 91% strike rate...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,840
  • May 28, 2015 5:07pm May 28, 2015 5:07pm
It seems to of gone quiet in here, I hope everyone is ok.
I been busy trading new method on 3 pairs and when I trade I do not speak lol,
Trading daily break is different unless correcting a bad trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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