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Billytt Die happy trading e/j daily breakout

  • #2,381
  • Jul 2, 2015 12:45am Jul 2, 2015 12:45am
Quoting billytt
NFP one day early, If you trade be careful. I shall wait until after the event (IF) I trade. I will not be touching E/J as the minimum stop is too high, It is being squeezed in but my concern is the difficulty I would have trying to play a losing trade. G/J is being squeezed in too and this one I am definitely watching, lets see how the day goes.
Thanks for telling about NFP. I would not pay attention. Will not mess up in London session.
  • #2,382
  • Jul 2, 2015 12:58am Jul 2, 2015 12:58am
Quoting RabbitWolf
{quote} Thanks for telling about NFP. I would not pay attention. Will not mess up in London session.
I have over looked it in the past and have been humiliated ( busted)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,383
  • Jul 2, 2015 3:02am Jul 2, 2015 3:02am
One Forex trade taken (grab and run trade) -bounce off pivot and then break of Inside bar (Billy bar ?)

Avoiding Euros and wary overall re forex -so its going to be a very short trading day( non farms etc) for me.

Oil -Short on break of Pivot-since Claudia mentioned pivots I have become quite a fan of them -not least because one can hide ones stops behind the pivot thus quickly learning if a trade is in with a chance or simply a failure and losses are smaller. Out at Gravestone? Doji.
Read up on Doji's etc -don't always work but at least warn you of indecision in the air.

Short day today methinks -out into the sunshine and learn some French on my CD then clean up before the wife comes home
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every Saint has a past. Every Sinner has a Future
  • #2,384
  • Jul 2, 2015 3:59am Jul 2, 2015 3:59am
Hi Turnip,,, I am playing Carmen sung in French right now.. I I know Bizet was French and it was written in French but it is sooooo much better sung in its written language.
Trading,,, nice trade you made, regarding the inside bars on 15 min.
yesterday I mentioned BIG MOTHER BAR on 15 ,,I high lighted a past one on your chart and we also have another right now lets see what happens. I have not had my monitors on today to watch, but I am back testing an idea .
quite dull and muggy here and it is making the dogs hot , be good
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,385
  • Jul 2, 2015 4:15am Jul 2, 2015 4:15am
see
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I didn't know how oil your last chart was Turnip, so my reply to your post had already happened, The Mother bar was broken on the low and points could of been made, no idea about resistance/support etc just price action,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,386
  • Edited 4:56am Jul 2, 2015 4:42am | Edited 4:56am
Quoting billytt
see{image} I didn't know how oil your last chart was Turnip, so my reply to your post had already happened, The Mother bar was broken on the low and points could of been made, no idea about resistance/support etc just price action,
Regarding the oil trade Billy -have you used pivots to trade oil before?
every Saint has a past. Every Sinner has a Future
  • #2,387
  • Jul 2, 2015 4:59am Jul 2, 2015 4:59am
Quoting turnip15
{quote} Regarding the oil trade Billy -have you pivots to trade oil before?
Hi,I made an error before,, I said I didn't know how (OLD) not oil lol..
as for pivots excluding daily pivot, I never ever bothered about them as and stated by me many times, they are totally contradictory, You have people who trade the retrace off them and people who trade the break WHO IS CORRECT ?
I have looked at them if I were in a trade and looking for a get out.
Just look at old charts and you will see what I mean
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,388
  • Jul 2, 2015 5:01am Jul 2, 2015 5:01am
Quoting turnip15
{quote} Regarding the oil trade Billy -have you used pivots to trade oil before?
oil I traded mainly off inside bars and waited for spikes


edit,,,, sometimes levels
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,389
  • Jul 2, 2015 5:10am Jul 2, 2015 5:10am
Quoting billytt
see{image} I didn't know how oil your last chart was Turnip, so my reply to your post had already happened, The Mother bar was broken on the low and points could of been made, no idea about resistance/support etc just price action,
I see what you mean:-)
every Saint has a past. Every Sinner has a Future
  • #2,390
  • Jul 2, 2015 5:19am Jul 2, 2015 5:19am
Quoting turnip15
{quote} I see what you mean:-)
On a daily inside bar I would trade off the actual inside bar aggressively but as you can see on the 15 min chart, this is not possible or a different approach would be need (as in no stop) and maybe counter trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,391
  • Jul 2, 2015 5:24am Jul 2, 2015 5:24am
last 2 NFP days I have been out and said to people (person) watch this and boom big spike, made me look like a 21st century .sorcerer . I am itching to try something but definitely not yet... and you are correct we shouldn't itch to trade lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,392
  • Jul 2, 2015 5:34am Jul 2, 2015 5:34am
lol, you should watch cable on the tick chart on NFP news release. I am also glad I did not say what I thought would happen shhhhhhhh creeps out of room
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,393
  • Jul 2, 2015 5:57am Jul 2, 2015 5:57am
I was going to trade off the 08-00 4 hour candle G/J and it would of been good, Nothing yet on E/J but I will not touch it anyway yet due to high minimum stop

edit,,, IF (and I wont) I will short E/J on 13645 hopefully no counter trade ( all hypothetical)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,394
  • Jul 2, 2015 6:15am Jul 2, 2015 6:15am
14-13 now on a hypothetical trade on E/J short off 45, lets see what happens

lets forget about NFP, I shall long cable if it gets to 15624, yes really long with real money

edit,,, 14-13 was the time numpty , nearly quarter past two
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,395
  • Jul 2, 2015 7:10am Jul 2, 2015 7:10am
Quoting billytt
14-13 now on a hypothetical trade on E/J short off 45, lets see what happens lets forget about NFP, I shall long cable if it gets to 15624, yes really long with real money edit,,, 14-13 was the time numpty , nearly quarter past two
Come on William-relax. It's that time of day
Attached Image
every Saint has a past. Every Sinner has a Future
  • #2,396
  • Jul 2, 2015 7:15am Jul 2, 2015 7:15am
Quoting turnip15
{quote} Come on William-relax. It's that time of day {image}
Good idea.
  • #2,397
  • Jul 2, 2015 7:19am Jul 2, 2015 7:19am
Quoting turnip15
{quote} Come on William-relax. It's that time of day {image}
lol,some one pinged me asking what 14-13 was er, erm some sort of Fibonacci sh oops lol,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,398
  • Jul 2, 2015 7:26am Jul 2, 2015 7:26am
so far nothing has happened with cable,, should it drop I will short at 15581,, this is where I thought it was going, but lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,399
  • Jul 2, 2015 7:29am Jul 2, 2015 7:29am
Quoting turnip15
{quote} Come on William-relax. It's that time of day {image}
Turnip,
I only discovered a few days ago that Pimms had alcohol in it lol, never drank it but have been to many garden parties, tennis, rowing events (work related) so I never drank , always thought it was the champagne which gotr the people merry okay yah
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,400
  • Jul 2, 2015 7:43am Jul 2, 2015 7:43am
Quoting billytt
so far nothing has happened with cable,, should it drop I will short at 15581,, this is where I thought it was going, but lets see
Keep out of cable - hols in US from tomorrow with 4 July celebrations. Hey bonkers have some pimms on us.
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