Billytt Die happy trading e/j daily breakout | Page 97 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #1,921
  • Jun 5, 2015 12:14pm Jun 5, 2015 12:14pm
Quoting RabbitWolf
{quote} Hey cheer up.... coffee friend for you... {image} Have good Weekend !
awwww thanks Bunny, that is a nice gesture
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,922
  • Jun 5, 2015 12:17pm Jun 5, 2015 12:17pm
Quoting turnip15
{quote} The sad thing is that, fools will be attracted the the lure of easy money, like lemmings to the cliff edge. {image}
hi Turnip. I soooo like that cartoon and yes you are correct the lure of easy money..
I haven't looked at that thread but I hope he/she shows trades from right now looking forward not what was rigged in the past.
you know like a daily break, daily inside candle
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,923
  • Jun 7, 2015 6:45am Jun 7, 2015 6:45am
Quoting turnip15
{quote} Thanks Claudia - I understand the boxes now. Have put it into my notebook for future reference. Present for youHope Billy will not be annoyed) {image}
Thank you !!
  • #1,924
  • Jun 7, 2015 4:12pm Jun 7, 2015 4:12pm
Trade well everyone, I am back but will probably be keeping a low profile.
I still cannot believe I was trading off the 4 hour charts last week, be good,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,925
  • Jun 7, 2015 4:48pm Jun 7, 2015 4:48pm
.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,926
  • Jun 7, 2015 6:52pm Jun 7, 2015 6:52pm
Hey all
check out Pinbar indicator, who wants to have on chart - maybe O.K to use with Pivots and BBs. Its good to backtest Pinbar strategies too....

http://www.forexfactory.com/showthread.php?t=328346


Attached Image (click to enlarge)
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  • #1,927
  • Jun 8, 2015 2:31am Jun 8, 2015 2:31am
a good morning to all, Sun high and low broken on E/J.
Attached Image (click to enlarge)
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1 = Sunday candle , good range to trade off got 5 both high and low.
2 = These 2 candles suggest it dropping but it didn't lol, I played my method looking for 5.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,928
  • Jun 8, 2015 2:34am Jun 8, 2015 2:34am
Quoting RabbitWolf
Hey all check out Pinbar indicator, who wants to have on chart - maybe O.K to use with Pivots and BBs. Its good to backtest Pinbar strategies too.... http://www.forexfactory.com/showthread.php?t=328346 {image}
Hi Bunny, Pin bars on higher time frames are good and easy to back test, another tool to help trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,929
  • Jun 8, 2015 8:19am Jun 8, 2015 8:19am
Rabbit - Pins are dangerous if traded willy nilly. They have to be at top/bottoms of swings -avoid trading into traffic etc. You missed some nice double top/lower close etc type of trades (see James16 thread).
I Found no hourly trade on Cable (break of pivot but next bar didn't follow through to trigger a short'
Fortunately (meaning lucky for me) -I also looked at 15 minute cable and got a couple of price action trades-(15 minute broke the Pivot as well so strengthening resolve to short).
Billys 15 minute break of 8am bar on E/J got a few pips if you were quick before price failed - again- to breach "R2."
No oil trades -price action too wild for me.
(Perhaps I should be at the screen by 7am and not *am as is my want.)
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #1,930
  • Jun 8, 2015 10:24am Jun 8, 2015 10:24am
Quoting billytt
{quote} Hi Bunny, Pin bars on higher time frames are good and easy to back test, another tool to help trade.
  • #1,931
  • Edited 5:14pm Jun 8, 2015 4:50pm | Edited 5:14pm
Quoting turnip15
Rabbit - Pins are dangerous if traded willy nilly. ) {image} {image} {image} {image}
Agree with you, if its trending strongly - pin bars are useless against trend, but on sideways slow days can be used with Pivots, Round numbers, fib extentions,

Never trade it on big time frames, big time frame pin can mean very opposite thing. But it also depend, where it appears .
  • #1,932
  • Jun 8, 2015 6:42pm Jun 8, 2015 6:42pm
Quoting RabbitWolf
{quote} Agree with you, if its trending strongly - pin bars are useless against trend, but on sideways slow days can be used with Pivots, Round numbers, fib extentions, Never trade it on big time frames, big time frame pin can mean very opposite thing. But it also depend, where it appears .
it sounds contradictory (not you Bunny) I have been saying that for years, But every trend will turn and it is nearly always with a pin or inside /outside bar. Short time frame pins are in my opinion useless too much noise but higher odds on 4 hour &.daily of course if your forte is short time trading why not, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,933
  • Jun 9, 2015 3:00am Jun 9, 2015 3:00am
Quoting RabbitWolf
{quote} Agree with you, if its trending strongly - pin bars are useless against trend, but on sideways slow days can be used with Pivots, Round numbers, fib extentions, Never trade it on big time frames, big time frame pin can mean very opposite thing. But it also depend, where it appears .
Agreed Rabbit , that Pins are better considered with other aspects of price such as pivots, support and resistance etc. A Pin is only part of a bigger story. Not guaranteed to work every time but enough times to put you ahead.
every Saint has a past. Every Sinner has a Future
  • #1,934
  • Jun 9, 2015 3:37am Jun 9, 2015 3:37am
Hi all, Mon E/J daily break high broken for the usual 5 and 1 off the second trade...
E/J ORB 15 min was a nice earner on the short (I DID NOT TRADE IT)
I am being naughty, I traded long off an inside bar on the 4 hour chart E/J that was good, I will stick a chart in soon,
No trading now all done and it is sunny outside mmmmmmmmmmmm what shall I do ?, be good, trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,935
  • Jun 9, 2015 3:44am Jun 9, 2015 3:44am
Attached Image (click to enlarge)
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1 = Monday high 14074;;;
2 = inside bar on 4 hour chart,,,
3 = 1st 4 hour candle ( Tuesday) broke the inside bar and the Monday high
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,936
  • Jun 9, 2015 4:52am Jun 9, 2015 4:52am
Concentrating on oil -not a brilliant effort today :-(
EDIT -Ref. to bars "4" etc refers to bars to LEFT of the pin

Fed up posting charts of instruments not traded but offered for comment -since no one comments !

Hourly pivot on Cable not triggered but price bounced off short under pivot and may consolidate -therefore watching.

So will stick to charts of instrument actually traded, if I continue at all.

I've learnt an awful lot from Billy, Claudia and a couple of others, and I am very grateful.
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every Saint has a past. Every Sinner has a Future
  • #1,937
  • Jun 9, 2015 5:03am Jun 9, 2015 5:03am
@billytt

15 minute Bar - 8am break

Billy strikes again -well done buddy
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every Saint has a past. Every Sinner has a Future
  • #1,938
  • Jun 9, 2015 5:20am Jun 9, 2015 5:20am
Quoting turnip15
Concentrating on oil -not a brilliant effort today :-( EDIT -Ref. to bars "4" etc refers to bars to LEFT of the pin Fed up posting charts of instruments not traded but offered for comment -since no one comments ! Hourly pivot on Cable not triggered but price bounced off short under pivot and may consolidate -therefore watching. So will stick to charts of instrument actually traded, if I continue at all. I've learnt an awful lot from Billy, Claudia and a couple of others, and I am very grateful. {image}
Hi Turnip, I cannot comment too much .I did trade Brent oil a couple of times and was busted. USA oil was my baby.
I also cannot comment on 5 minute charts too much noise. every good move normally starts with a pin or inside/outside bar though..
If I had to trade off a 5 minute chart I would wait for levels to be broken as highlighted either on main chart or RSI, I used to do this with 15 minute charts and still do when I am in a bad trade, trade well
Attached Image (click to enlarge)
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Oooo I been invited around for coffee at my friends, see you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,939
  • Jun 9, 2015 7:13am Jun 9, 2015 7:13am
@Billytt

Billy, you say you traded US Crude ?

What timeframe please?

I've shown a 15 minute print -any reason you prefer US Crude -smoother price action maybe ?

Hope you enjoyed your coffee
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #1,940
  • Jun 9, 2015 11:47am Jun 9, 2015 11:47am
Hi Turnip. I am still out. Had coffee and now gone foe a drive. I will speak oil later. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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