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Billytt Die happy trading e/j daily breakout

  • #2,961
  • Jul 28, 2015 7:51pm Jul 28, 2015 7:51pm
Quoting tomthepoppop
{quote} Thanks Billy - It makes so much sense when you explain it. Another tool for the arsenal.
Thank you, I did trade this method but not as much as inside bars. If I had a good set up with the ADR (Average Daily Range) I would compound it and take no prisoners.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,962
  • Jul 28, 2015 9:13pm Jul 28, 2015 9:13pm
Quoting billytt
{quote} Thank you, I did trade this method but not as much as inside bars. If I had a good set up with the ADR (Average Daily Range) I would compound it and take no prisoners.
OK so I can use the ORB at 8am New York Open and trade it on 15 - 30 or 1 hr. I also look for IB's and trade them with the prevailing short term trend. I prefer the 10 or 20 EMA to depict that. Now I know what the ADR stands for but do not understand compounding it and trading it aggressively. I will appreciate any information you can provide. Thanks in advance.
  • #2,963
  • Jul 29, 2015 2:19am Jul 29, 2015 2:19am
tomthepoppop, todays 15 min ORB
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edit,,, candle with arrow is 08-00 candle, 15 minute,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,964
  • Jul 29, 2015 2:30am Jul 29, 2015 2:30am
Quoting tomthepoppop
{quote} OK so I can use the ORB at 8am New York Open and trade it on 15 - 30 or 1 hr. I also look for IB's and trade them with the prevailing short term trend. I prefer the 10 or 20 EMA to depict that. Now I know what the ADR stands for but do not understand compounding it and trading it aggressively. I will appreciate any information you can provide. Thanks in advance.
Hello, Sorry for not replying ,I got chatting on phone.. I can only speak about the UK markets.
we open at 08-00 so that is when the first (15 minute) candle is used. and this is what you use with your time difference adjusted..
and the New York opening can be traded no problem (but never by me)....
I trade daily inside bars and sometimes 4 hour candle... compounding and trading aggressive to follow....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,965
  • Jul 29, 2015 2:46am Jul 29, 2015 2:46am
Trade IB aggressively.
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Normally the High or Low of the Mother Bar is the trigger A.
To trade aggressive you actually trade off the High or Low of the actual inside bar B , in this case C was the trigger to long.
Example... so instead of getting 30 pips (normal IB trade) we got 110 pips.
This does fail but can be filtered..
I would not rely on an ib created on a Sunday usually I would trade that as a daily break...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,966
  • Jul 29, 2015 3:07am Jul 29, 2015 3:07am
Compounding..
Attached Image (click to enlarge)
Click to Enlarge Name: same chart.PNG Size: 32 KB

Same chart as previous but ! hour time frame..
C = the inside bar area..
Example...we traded the inside bar aggressively and got 100 BUT what if we did this..
Use 20 stop and take profit at 20 points then re enter and double up, This is Compounding
So 20 stop and go long aggressive trade. close at +20.
20+ 20 + 40.. next trade 20 stop 40 lot = 80.next trade 20 stop 80 lot = 160.
By this time you will be sweating. 3 trades and you made 160 points this is better than 100.
In reality you could of compounded that 100 into 1280..
if you have fast software and good stats and a decent plan you can make a fortune..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,967
  • Jul 29, 2015 3:29am Jul 29, 2015 3:29am
@Claudia1
Cable....hourly Claudia Pivot....long bounce off pivot ?
(Claudia-I noticed break of pivot yesterday that if my target was as per your twenty I would have been okay rather than let pprice retrace and stop me out)?
every Saint has a past. Every Sinner has a Future
  • #2,968
  • Jul 29, 2015 3:43am Jul 29, 2015 3:43am
Quoting turnip15
@Claudia1 Cable....hourly Claudia Pivot....long bounce off pivot ? (Claudia-I noticed break of pivot yesterday that if my target was as per your twenty I would have been okay rather than let pprice retrace and stop me out)?
Long bounce would have been good. I'm just watching right now as it's giving no clues. A break above yesterday's high would be a starting point then maybe 700 could be on the table. Adr right now is low at 32 there will be a move one way or another but which
  • #2,969
  • Jul 29, 2015 4:50am Jul 29, 2015 4:50am
Quoting claudia1
{quote} Long bounce would have been good. I'm just watching right now as it's giving no clues. A break above yesterday's high would be a starting point then maybe 700 could be on the table. Adr right now is low at 32 there will be a move one way or another but which
In and she's playing ok so far and nothing too much ahead to upset - ny open might pull it back but hope to be out by then. Fed at 19.00 more nonsense but markets usually flat ahead of that.

If it starts drifting back to the 15 get out for me.
  • #2,970
  • Jul 29, 2015 6:02am Jul 29, 2015 6:02am
Quoting turnip15
@Claudia1 Cable....hourly Claudia Pivot....long bounce off pivot ? (Claudia-I noticed break of pivot yesterday that if my target was as per your twenty I would have been okay rather than let pprice retrace and stop me out)?
Close out at 1642 -seems a spinning top is forming and is close to R1 -got my 20- Claudia would be proud I took twenty and didn't get greedy :-)
every Saint has a past. Every Sinner has a Future
  • #2,971
  • Jul 29, 2015 6:05am Jul 29, 2015 6:05am
Oops -here is the chart
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every Saint has a past. Every Sinner has a Future
  • #2,972
  • Jul 29, 2015 6:08am Jul 29, 2015 6:08am
Was that our William that just went by
Attached Image
every Saint has a past. Every Sinner has a Future
  • #2,973
  • Jul 29, 2015 6:17am Jul 29, 2015 6:17am
Quoting billytt
Trade IB aggressively. {image} Normally the High or Low of the Mother Bar is the trigger A. To trade aggressive you actually trade off the High or Low of the actual inside bar B , in this case C was the trigger to long. Example... so instead of getting 30 pips (normal IB trade) we got 110 pips. This does fail but can be filtered.. I would not rely on an ib created on a Sunday usually I would trade that as a daily break...
Interesting how different people view things:
At the high is a doubleBarHigh/LowerClose =short (but risky -might carry on so tight stops)
Better dbhlc which includes the spinning top two bars left of "A" =short
or dbhlc to the right of "C" =short

But bear in mind dear reader that compared to Billy or Claudia, for example, I am a novice at trading.
every Saint has a past. Every Sinner has a Future
  • #2,974
  • Jul 29, 2015 6:32am Jul 29, 2015 6:32am
Lastly -Brent was better trading with TA today. Took note of Billies mention of Inside bars to add to usual TA I use. (Thanks Billy)
That's me done for now. Wife says I have to clean the windows and do bits in the garden. She directs and I do the heavy bits.
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every Saint has a past. Every Sinner has a Future
  • #2,975
  • Jul 29, 2015 6:34am Jul 29, 2015 6:34am
Quoting turnip15
{quote} Interesting how different people view things: At the high is a doubleBarHigh/LowerClose =short (but risky -might carry on so tight stops) Better dbhlc which includes the spinning top two bars left of "A" =short or dbhlc to the right of "C" =short But bear in mind dear reader that compared to Billy or Claudia, for example, I am a novice at trading.
Hi Turnip. I trade daily break and inside bars daily and I look at nothing else. If I am chasing pips or letting trade run I might look for a level which was price action not any sort of average. It works lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,976
  • Jul 29, 2015 6:35am Jul 29, 2015 6:35am
Quoting billytt
Compounding.. {image} Same chart as previous but ! hour time frame.. C = the inside bar area.. Example...we traded the inside bar aggressively and got 100 BUT what if we did this.. Use 20 stop and take profit at 20 points then re enter and double up, This is Compounding So 20 stop and go long aggressive trade. close at +20. 20+ 20 + 40.. next trade 20 stop 40 lot = 80.next trade 20 stop 80 lot = 160. By this time you will be sweating. 3 trades and you made 160 points this is better than 100. In reality you could of compounded that 100 into 1280.....
HOLY ORB, IB, COMPOUNDING BATMAN!! My knees are weak - I cant seem to stand on my own two feet - I'm All Shook Up. (My friend Elvis)
Seriously folks this is really good stuff. Just with what I have received this week I need to rethink my trading and modify my plan.
This is Super - I am Stoked!
I need to thank not only Billy, Turnip, Rabbit and Claudia but also EverEman for telling me I should check out this thread. You are the Man Ever.
Thanks to all of you for sharing. Please keep it up. Best thread ever.
  • #2,977
  • Jul 29, 2015 6:40am Jul 29, 2015 6:40am
Tom
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This is what happened or is happening,
08-00 15 minute candle A was triggered and Failed..
B = was the high and was triggered.
C = was the high trigger and up it went.
I am glad it failed so you can see it happens.
Entry trigger can be customised so too stop loss etc. Hope it helps
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,978
  • Jul 29, 2015 6:42am Jul 29, 2015 6:42am
Cable daily break was perfect BUT I DIDNT TRADE IT LOL, I was busy fixing the shower
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,979
  • Jul 29, 2015 6:45am Jul 29, 2015 6:45am
Quoting tomthepoppop
{quote} HOLY ORB, IB, COMPOUNDING BATMAN!! My knees are weak - I cant seem to stand on my own two feet - I'm All Shook Up. (My friend Elvis) Seriously folks this is really good stuff. Just with what I have received this week I need to rethink my trading and modify my plan. This is Super - I am Stoked! I need to thank not only Billy, Turnip, Rabbit and Claudia but also EverEman for telling me I should check out this thread. You are the Man Ever. Thanks to all of you for sharing. Please keep it up. Best thread ever.
awww thanks, but we are here to help. We all trade slightly different and I for one am always trying to perfect new ideas. But be careful and stick to the plan which ever you use. and use stats if you try compounding,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,980
  • Jul 29, 2015 6:47am Jul 29, 2015 6:47am
Quoting billytt
{quote} Hi Turnip. I trade daily break and inside bars daily and I look at nothing else. If I am chasing pips or letting trade run I might look for a level which was price action not any sort of average. It works lol
Billy -I hope you did not think I was criticizing you -far from it. I was merely showing what I saw in addition to what you saw. I have a high opinion of your trading prowess, as with Claudia and value any contributions you both make. I know that what you do works because I also try to view thing through your eyes but with my own slant.
every Saint has a past. Every Sinner has a Future
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