Billytt Die happy trading e/j daily breakout | Page 146 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #2,901
  • Edited 6:11am Jul 27, 2015 3:16am | Edited 6:11am
Quoting DavidRP
{quote} stop loss?
Hi , stop loss is for the individuals method, It sorts the boys out from the men. I use a 20 stop then adjust it before counter trade, I rarely fail. No stop could be used but money management has to be addressed more keenly.

edit ... It sorts the boys out from the men AND girls.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,902
  • Jul 27, 2015 7:59am Jul 27, 2015 7:59am
Quoting billytt
CABLE,,so far Fri high and inside bar high broken that was the easy part, I went for Monday pivot trade(PP meet) and that was good but I think it was more luck but was good. I did feel very uneasy trading it though....
I did my first Pivot Point trade on G/U. I put in a short at 1.54985 and no stop loss and went to bed. When I woke up at around 5am and checked it had gone to a low of 1.54905 and then retraced. I lost 30 pips on that one but no sweat - there are plenty more to be had. Maybe I will start using the 20 pip stop you mentioned. Anyway I like having the PP as another outlet to trade. I might just stick to the
5-10 pips per trade because I was going for 20 pips on this one. My really bad.
But on the bright side I got 19.4 pips on E/J and 12 pips on U/Cad and 12 pips on E/U so all in all not so bad.
  • #2,903
  • Jul 27, 2015 8:26am Jul 27, 2015 8:26am
Scores on the doors today.
I have included both traded and non traded instruments for any comments.
Dax (Not traded live by me today) reminded me that I have a tendency to take my eye off the ball and make unnecessarily risky trades against the trend.
Billies ideas certainly warrant close study by new traders
Apologies for the large number of charts -just felt like scrutinizing and researching more today
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every Saint has a past. Every Sinner has a Future
  • #2,904
  • Edited 10:03am Jul 27, 2015 9:01am | Edited 10:03am
Quoting turnip15
Apologies for the large number of charts -just felt like scrutinizing and researching more today {image} {image} {image} {image} {image} {image}
Good charts


1 hour Claudias old fashioned way. But without other staff on chart would never go bullish . Had to have bullish mind set on this
Have to notice on smaller time frame how Asia was running bullish.. On Monday that can be important

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Testing Monthly Pivot - + Weekly Mid Pivot

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  • #2,905
  • Jul 27, 2015 9:08am Jul 27, 2015 9:08am
Quoting RabbitWolf
{quote} Good charts 1 hour Claudias old fashioned way. But without other staff on chart would never go bullish . Had to have bullish mind set on this Have to notice on smaller time frame how Asia was running bullish.. {image}
Yes -I've noticed dropping to 15 minute on Cable would give some useful moves of at least ten pips.
every Saint has a past. Every Sinner has a Future
  • #2,906
  • Jul 27, 2015 9:12am Jul 27, 2015 9:12am
Found this on "Straight Line" trading. Might interest some of you .
By a chap called "DBPHOENIX"
Attached File(s)
File Type: pdf phoenix.pdf   441 KB | 840 downloads
every Saint has a past. Every Sinner has a Future
  • #2,907
  • Jul 27, 2015 9:32am Jul 27, 2015 9:32am
Quoting turnip15
Found this on "Straight Line" trading. Might interest some of you . By a chap called "DBPHOENIX" {image}
@billy- the DB bit is worrying Good day on e/j
  • #2,908
  • Jul 27, 2015 9:40am Jul 27, 2015 9:40am
Please sign this petition

http://www.forexfactory.com/showthread.php?t=550891
Team Trader
  • #2,909
  • Jul 27, 2015 9:51am Jul 27, 2015 9:51am
Quoting Sun-Trader
Please sign this petition http://www.forexfactory.com/showthread.php?t=550891
No. These are the rules of the forum if you don't like them then don't use the forum. Sorry if being direct but that's the way I am. Good luck with trading.
  • #2,910
  • Jul 27, 2015 9:56am Jul 27, 2015 9:56am
Quoting claudia1
{quote} @billy- the DB bit is worrying Good day on e/j
Ooooooo DB? very worrying lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,911
  • Jul 27, 2015 9:59am Jul 27, 2015 9:59am
Quoting claudia1
{quote} No. These are the rules of the forum if you don't like them then don't use the forum. Sorry if being direct but that's the way I am. Good luck with trading.
Hi Claudia. Whats he after. You may speak for me thank you.i am away from home but should be back in the early hours..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,912
  • Jul 27, 2015 10:03am Jul 27, 2015 10:03am
Quoting billytt
{quote} Hi Claudia. Whats he after. You may speak for me thank you.i am away from home but should be back in the early hours..
He wants to stop people being able to suspend others. I only did it once but was worth it. You know who.
  • #2,913
  • Jul 27, 2015 5:13pm Jul 27, 2015 5:13pm
Quoting Sun-Trader
Please sign this petition http://www.forexfactory.com/showthread.php?t=550891
No, Most senior members are decent people and should they ban someone without good reason they can be re instated.
As for gurus you will always find them and it helps FF thrive, after all it is a money making concern with the advertisers.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,914
  • Jul 27, 2015 5:14pm Jul 27, 2015 5:14pm
[quote=turnip15;8403026]Scores on the doors today.
Hi Turnip, keep charting, it is no problem with me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,915
  • Jul 27, 2015 5:29pm Jul 27, 2015 5:29pm
[quote=tomthepoppop;8402977]{quote} I did my first Pivot Point trade on G/U. I put in a short at 1.54985 and no stop loss and went to bed. When I woke up at around 5am and checked it had gone to a low of 1.54905 and then retraced.

Good trading, I can see the stats of the daily PP and 70% hit rate is brilliant BUT I have not figured out how to trade it.
The PP trade I did on Monday, I entered on the 3rd Resistance and shorted it to PP, I think that was luck lol.
Daily break E/J+ G/J and g/u , you will get 5 (10 before spread etc) with an 80% hit rate, these are not averages but hard figures.

As David asked earlier about stop loss, you have to be on the ball to trade and yes I will have a 20 stop to get 5 but I am a trader with a back up plan, my motorbike will do 198 mph but I rarely go over 120 <<<<< some logic there , not sure what I am trying to say

edit,,,, Claudias wine bar method is good...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,916
  • Edited 6:25pm Jul 27, 2015 6:10pm | Edited 6:25pm
G/U Daily breakout Stats, I have now added the month of June, I will slowly back date the stats..
G/U Daily break from 1st June to 27th July 2015.
Trades,,49,,,
Win,, 42,,,
loss,, 7,,,
86% strike rate


edit,,, all win trades with at least 10 pips,( % after spread etc)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,917
  • Jul 27, 2015 6:34pm Jul 27, 2015 6:34pm
I cannot believe I am watching cable at 02-30 in the morning to see if that Pivot is reached. I am not trading it. Thing is we are on an ib on the 4 hour. Did I mention 4 hour oops , I should not be saying that shhhhhhh..
I will be trading the daily break should it happen, actually I will trade the ob too. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,918
  • Edited 10:40pm Jul 27, 2015 8:37pm | Edited 10:40pm
Quoting billytt
I cannot believe I am watching cable at 02-30 in the morning to see if that Pivot is reached. I am not trading it.
Pivot touch not necessarily happens at night, it needs power sometimes

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20 sma as you see pointing up, did not fully touched it, it need more power to make it flat, so second touch could flatten it

S3 Pivot was exactly 61 fib from previous swing ++ lot of other staff (i posted) so it worked well. Was very technical trade


EJ perfect three drive - need watch for exhausted top if it slows down. And it has pivot touch with more flat MA
Top is Monthly Central Pivot line touched few times , this time can be broken

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Taking time of for few days
  • #2,919
  • Jul 28, 2015 1:37am Jul 28, 2015 1:37am
[quote=RabbitWolf;8403776]{quote} Pivot touch not necessarily happens at night,
I agree with cable not reaching PP on Asian session plus I would leave it alone until Frankie open.
Daily break is a different matter..

edit, Bunny, are you saying you are waiting from 21st July to short E/J with the perfect 3 drive, are these methods reliable. Don't forget I trade very very simple lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,920
  • Jul 28, 2015 2:39am Jul 28, 2015 2:39am
Cable daily high was broken and I was a bit naughty ,(I took 10)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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