Billytt Die happy trading e/j daily breakout | Page 108 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #2,141
  • Jun 23, 2015 4:32am Jun 23, 2015 4:32am
Quoting billytt
Turnip,, OIL No1 those 2 almost identical bars suggest it dropping.. No2 is an inside bar, a good clue . {image}
OIL has not done anything, Honestly speaking I wished it dropped big time so I could say TOLD YOU , It is still on the inside bar range (daily) waiting for a break. But those 2 parallel candles green/red suggest it dropping, I have never really used them in the past as they do not happen often, any suggestions??
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,142
  • Jun 23, 2015 4:33am Jun 23, 2015 4:33am
E/J 15 min ORB, the high was broken and failed , the low was good. I cannot add more as I do not trade this anymore
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,143
  • Jun 23, 2015 5:39am Jun 23, 2015 5:39am
Almost forgot, my friends investment is now 3.7%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,144
  • Jun 23, 2015 7:29am Jun 23, 2015 7:29am
Nothing on the Claudia hourly pivot set up,
But
Billy E/J 8am 15 minute bar break was okay (trade with the trend -down.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ15minute.jpg Size: 353 KB
every Saint has a past. Every Sinner has a Future
  • #2,145
  • Jun 23, 2015 7:47am Jun 23, 2015 7:47am
My daily crude oil ordeal :-)
Very tiring today -had to think more quickly than usual
Attached Image (click to enlarge)
Click to Enlarge Name: oiltuesday.jpg Size: 327 KB
every Saint has a past. Every Sinner has a Future
  • #2,146
  • Jun 23, 2015 7:55am Jun 23, 2015 7:55am
E/J last weeks low is almost broken plus we have the weekly inside bars and the break of 20 ma , midway on the 14 day RSI, it can go a long way now , preferably down..
I am not shorting it but if it lines up with a daily break I'll let a trade run hopefully tomorrow Wednesday, lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,147
  • Jun 23, 2015 7:56am Jun 23, 2015 7:56am
Hi Turnip, nice trades
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,148
  • Jun 23, 2015 8:02am Jun 23, 2015 8:02am
As an aside - purely comment.

I know I take the mickey out of Billy trading the night hours but, look at this chart in the early hours. Reversing at a big round number then at 8am we see a doji indicating indecision followed by a bearish outside bar.
Edit...and don't forget the Pivot overhead just above 7740 adding additional ammunition to making a decision to short.
Attached Image (click to enlarge)
Click to Enlarge Name: Billynight.jpg Size: 340 KB
every Saint has a past. Every Sinner has a Future
  • #2,149
  • Jun 23, 2015 8:23am Jun 23, 2015 8:23am
@Claudia1

Is this the 4 hour spx you referred to?

Not sure how I would approach it but I notice it consolidates often around the 50ema. Another thought is that I could look for signs of reversals at extremes from 50ema ?
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.jpg Size: 295 KB
every Saint has a past. Every Sinner has a Future
  • #2,150
  • Jun 23, 2015 4:03pm Jun 23, 2015 4:03pm
Trading boxes or round numbers - most confusing thing. I do not know how Claudia does it....

But nice dive from central Pivot on EU, made to S3 and weekly Candle low is broken. Monthly Pivot 1.1090

Go back to my Bands Boxes look nice...



Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroM30.png Size: 43 KB
  • #2,151
  • Jun 23, 2015 5:01pm Jun 23, 2015 5:01pm
Quoting billytt
{quote} Hello Jmillard26 and welcome. I set the high /low on the actual high /low of the candle, some do add a pip or two. and that is done automatically. the 5 is after spread etc so that means it has to move 10 before you are certain to get 5 (sometimes 9). once in the trade I normally close it manually so I sometimes get a few more pips. But quite often I set close for 5 and that is it, trade well...
Hey Bill. Are you doing to open and close based on 8am - 3pm gmt? If you place an entry at exactly the open and close of the previous days candle wont you just get entered when the candle opens at previous days close? Bit confused :s
  • #2,152
  • Jun 23, 2015 6:09pm Jun 23, 2015 6:09pm
Quoting jmillard26
{quote} Hey Bill. Are you doing to open and close based on 8am - 3pm gmt? If you place an entry at exactly the open and close of the previous days candle wont you just get entered when the candle opens at previous days close? Bit confused :s
Hello Jmillard26, the entry/exit is based on the high and low not the open and close..
Sometimes it might close on the high/low so next days trade carries on, It does happen but not often. I personally do not like trading off this so I may leave it, But it does depend on what is happening at the time, I hope this helps, Trade well

edit, My new day starts at midnight UK time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,153
  • Jun 23, 2015 6:12pm Jun 23, 2015 6:12pm
Quoting RabbitWolf
Trading boxes or round numbers - most confusing thing. I do not know how Claudia does it.... But nice dive from central Pivot on EU, made to S3 and weekly Candle low is broken. Monthly Pivot 1.1090 Go back to my Bands Boxes look nice... {image}
Hi Bunny, trading boxes is straight forward, its just another level, round numbers are human emotion areas I believe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,154
  • Jun 23, 2015 6:15pm Jun 23, 2015 6:15pm
we have a new day Wednesday, let us do it again..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,155
  • Jun 23, 2015 6:24pm Jun 23, 2015 6:24pm
Turnip, US light oil rose , broke the inside bars (traded aggressively ) a few pips made if traded, I was assuming it would drop but like I always say, stick to the plan / clues.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,156
  • Jun 23, 2015 6:26pm Jun 23, 2015 6:26pm
Hopefully if the E/J daily low is broken I will let the trade run to THE ROUND NUMBER lol. so my friend will get her 5% +.if not I will get out with 1 or 2 , lets see.

edit,, the next level on daily after 13800 is 13600, That would be nice (BUT GREEDY) not my style
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,157
  • Jun 23, 2015 6:49pm Jun 23, 2015 6:49pm
G/J is looking interesting, it had a fail yesterday and we are still on inside bars (daily) from last Thursday. Maybe and only maybe if the timing is right I might trade it if I get a trigger, only if I am not involved with E/J trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,158
  • Jun 23, 2015 7:36pm Jun 23, 2015 7:36pm
Quoting billytt
G/J is looking interesting, it had a fail yesterday and we are still on inside bars (daily) from last Thursday. Maybe and only maybe if the timing is right I might trade it if I get a trigger, only if I am not involved with E/J trade
E/J you have Weekly boundaries too, so be careful

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroH4.png Size: 57 KB
  • #2,159
  • Jun 23, 2015 7:59pm Jun 23, 2015 7:59pm
Quoting RabbitWolf
{quote} E/J you have Weekly boundaries too, so be careful {image}
Hi Bunny, yes indeed, and thank you. It isn't too bad looking for 5 (10 gross). If E/J is going to drop it should be very soon 2-00 here in UK. as for G/J I do not think I will bother lol, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,160
  • Jun 24, 2015 3:45am Jun 24, 2015 3:45am
So far nothing has happened and I managed to have some sleep..
E/J 15 min ORB was good on the high break... (I DID NOT TRADE IT)
We had clues it would go long with the inside bars on the 4 hour (I DID NOT TRADE IT)
There is a possibility it will rebound off/near 20 ma which is approx. 13920/30
It is lovely and sunny here so very soon I will be getting lots of Vitamin D and sea air lol,,,, Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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