Billytt Die happy trading e/j daily breakout | Page 126 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #2,501
  • Jul 9, 2015 6:07pm Jul 9, 2015 6:07pm
[quote=turnip15;8373061]@Billytt Wary of Euro but took a "Billy" E/J plus a couple

Hi Turnip, good charts, I was going to re post one but one of your breaks was full of inside bars lol. Trade well bud

edit, was going to say E/J is easy enough to trade but more chance to be wiped out, due to spikes/uncertainty that is why I am leaving it plus the big minimum stop.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,502
  • Jul 9, 2015 6:11pm Jul 9, 2015 6:11pm
It is Thursday, lets do it all again.
I will be trading cable off the 20-00, 4 hour candle UK time. Which ever breaks first high/low I shall trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,503
  • Jul 9, 2015 6:20pm Jul 9, 2015 6:20pm
My first 4 hour candle break yesterday (Wednesday) was tricky as it reversed but I did well with it due to counter trading and trading off the 3 minute levels.
My second trade off the Wed 12-00 noon candle was perfect, got a straight drop almost for 20%. it didn't make the daily low but I closed trade as I went out and just as well because it reversed.
I do not feel 100% confident trading this way but I am getting the pips
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,504
  • Jul 9, 2015 6:27pm Jul 9, 2015 6:27pm
Attached Image (click to enlarge)
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4 hour candle Thur 20-00 Arrow.. once this candle is broken high or low or both I shall trade it. It is also and inside bar.
If I let trade run should it happen , long to 15420 or 20 ma, or short to 15335ish. Be good and trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,505
  • Jul 10, 2015 12:42am Jul 10, 2015 12:42am
I'm done trading for the week. Keep an eye on the EU meetings this weekend, especially Sunday.

Have a good weekend!
  • #2,506
  • Jul 10, 2015 3:58am Jul 10, 2015 3:58am
[quote=billytt;8373593]
Quoting turnip15
@Billytt Wary of Euro but took a "Billy" E/J plus a couple Hi Turnip, good charts, I was going to re post one but one of your breaks was full of inside bars lol. Trade well bud edit, was going to say E/J is easy enough to trade but more chance to be wiped out, due to spikes/uncertainty that is why I am leaving it plus the big minimum stop.
Minimum stop on IG is 3 points - plus you can use the "guaranteed stop" facility. Don't know about the spikes. I will take a look albeit one has to be wary now of the Greek situation. No forex trades thus far since I am concentrating on oil. And I must try to pay more attention to Inside Bars on oil Billy? Having taken one or two Inside bars I still have the habit of looking at pennants, outside bars etc as seen in my previous ramblings
every Saint has a past. Every Sinner has a Future
  • #2,507
  • Jul 10, 2015 4:21am Jul 10, 2015 4:21am
[quote=turnip15;8374378]
Quoting billytt
{quote} Minimum stop on IG is 3 points - plus you can use the "guaranteed stop" facility. Don't know about the spikes. I will take a look albeit one has to be wary now of the Greek situation. No forex trades thus far since I am concentrating on oil. And I must try to pay more attention to Inside Bars on oil Billy? Having taken one or two Inside bars I still have the habit of looking at pennants, outside bars etc as seen in my previous ramblings
@Billytt
@Claudia1

Edit..With hindsight I can see my first trade gave hints that I should have closed the long after those bounces off 5980 resistance -lesson learned.

Forgot my oil chart trades
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every Saint has a past. Every Sinner has a Future
  • #2,508
  • Jul 10, 2015 5:02am Jul 10, 2015 5:02am
Finally -some thoughts on Dax (Not traded by me today)now I am done for the day. I cannot trade Dax and oil at same time so I concentrated on oil (both on short time frames).
The dax chart merely highlights the sort of set ups that catch my eye to both enter or exit trades. Some times they work and less often they don't, but they stop me from cutting my profits short and letting my losses run. I try to trade within a perceived trend. Spikes and no perceived rhythm keep me out of Dax. At the moment I prefer oil albeit it means sitting and staring at short time frames- but its only for a short time each morning.
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every Saint has a past. Every Sinner has a Future
  • #2,509
  • Jul 10, 2015 9:44am Jul 10, 2015 9:44am
Hi Turnip, Nothing wrong with pennants as they too use breakout,, if they are getting squeezed in something must give.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,510
  • Jul 10, 2015 9:47am Jul 10, 2015 9:47am
Trading my new 4 hour candle breakout method, The first trade off yesterdays 20-00 candle was a beaut made the 20 to 20 ma. The 04-00 candle was great and the 12-00 candle very good , . Ask questions if you want and I will simplify it.

edit, I just deleted a part as it was confusing lol. I will not be trading off the 12-00 candle, I need a rest
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,511
  • Jul 10, 2015 9:57am Jul 10, 2015 9:57am
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1 - Thur 20-00 4 hour candle. I longed it to the 20 ma.
2= Fri 04-00 4 hour candle, which I longed , wont say what return
3 = 12-00 4 hour candle, I am not touching it as I need a rest. looks promising for a short though
be good , trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,512
  • Jul 10, 2015 10:16am Jul 10, 2015 10:16am
It is 16-12 , the 12-00 4 hour candle has just been broken low side. Lets see what happens, I am not trading it as I am getting some sun, we do have the 15000 to contend with, maybe this could be a support. So maybe another reason not to trade it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,513
  • Jul 10, 2015 10:25am Jul 10, 2015 10:25am
Quoting billytt
It is 16-12 , the 12-00 4 hour candle has just been broken low side. Lets see what happens, I am not trading it as I am getting some sun, we do have the 15000 to contend with, maybe this could be a support. So maybe another reason not to trade it.
Keep well away too late to trade this all done. Let's see what stupidity the plate smashers come up with over the weekend. Think Angela has had enough as have the markets.
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  • #2,514
  • Edited 11:03am Jul 10, 2015 10:48am | Edited 11:03am
Quoting RabbitWolf
{quote} Today Cable is in up mood . Asia started bullish and it broke Pivot. Asia open line still holding. As i say 400 SMA on 4 hour on the bottom. This can make up moves. Can touch 20 SMA on 4 hour, then drop from it. Just guessing. If day candle will be bullish, can step up more. Big MA on Day chart Indicators oversold too. Trendline coming up lower !!! {image}
Looks like i guessed long right 400 sma on 4 hour jumped up like crazy ....

And it came down from 400 sma on 30 min + R3 Pivot+ BB 4 hour top + weekly open (Day not over yet...)

400 is the number to watch on Cable. ( Did not respect 400 on 15 min )

But i hate Cable..... !!!

Have good Weekend everybody !
  • #2,515
  • Jul 10, 2015 11:11am Jul 10, 2015 11:11am
Quoting RabbitWolf
{quote} Looks like i guessed long right 400 sma on 4 hour jumped up like crazy .... And it came down from 400 sma on 30 min + R3 Pivot+ BB 4 hour top + weekly open (Day not over yet...) 400 is the number to watch on Cable. ( Did not respect 400 on 15 min ) But i hate Cable..... !!! Have good Weekend everybody !
I hate them all it's boring as hell.
  • #2,516
  • Jul 10, 2015 11:17am Jul 10, 2015 11:17am
Quoting claudia1
{quote} I hate them all it's boring as hell.
That looks a bit like me...

Attached Image
  • #2,517
  • Jul 10, 2015 11:20am Jul 10, 2015 11:20am
Quoting claudia1
{quote} Keep well away too late to trade this all done. Let's see what stupidity the plate smashers come up with over the weekend. Think Angela has had enough as have the markets. {image}
end of the day the markets keep moving so they can be traded, I would not leave a trade open over the weekend as for the Greek prime minister, he needs to be ousted. He will always be ok with his designer suits and arrogance
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,518
  • Jul 10, 2015 11:21am Jul 10, 2015 11:21am
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the 12-00 4 hour candle was broken and it dropped approx 20 pips after spread etc. I did not trade it as I was sun worshipping, It has gone quite cloudy now.
It has been a fun week playing with a new method and even scalping once, there is life after E/J daily breakout lol.be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,519
  • Jul 10, 2015 11:23am Jul 10, 2015 11:23am
Quoting billytt
{quote} end of the day the markets keep moving so they can be traded, I would not leave a trade open over the weekend as for the Greek prime minister, he needs to be ousted. He will always be ok with his designer suits and arrogance
Yep of all the money borrowed by Greece I'm sure an audit would reveal a little but missing. Always seems happy.
  • #2,520
  • Jul 10, 2015 11:25am Jul 10, 2015 11:25am
Quoting RabbitWolf
{quote} That looks a bit like me... {image}
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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