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Billytt Die happy trading e/j daily breakout

  • #2,981
  • Edited 8:48am Jul 29, 2015 6:52am | Edited 8:48am
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.
Good for you Tom but bear in mind that I am a novice compared to the giants on this thread. My trading has rapidly evolved due to reading whatever is written by Claudia and Billy -added to pickings from James16, Ryanmcd and Jankones threads. You may find that your trading evolves, not by slavishly copying the above people but by understanding what they do then adding or adjusting minor details to fit your personality. Good luck Tom and hang on in there.

Edit -not forgetting my favourite Wabbit
every Saint has a past. Every Sinner has a Future
  • #2,982
  • Jul 29, 2015 6:54am Jul 29, 2015 6:54am
Oops -captured -back to window cleaning
every Saint has a past. Every Sinner has a Future
  • #2,983
  • Jul 29, 2015 7:01am Jul 29, 2015 7:01am
Quoting turnip15
{quote} Good for you Tom but bear in mind that I am a novice compared to the giants on this thread. My trading has rapidly evolved due to reading whatever is written by Claudia and Billy -added to pickings from James16, Ryanmcd and Jankones threads. You may find that your trading evolves, not by slavishly copying the above people but by understanding what they do then adding or adjusting minor details to fit your personality. Good luck Tom and hang on in there.
Well that's fine but don't forget Rabbit she's a big part of this thread and posts some good stuff
  • #2,984
  • Jul 29, 2015 7:52am Jul 29, 2015 7:52am
Quoting claudia1
{quote} 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.
Got 20 probably more to be had
  • #2,985
  • Jul 29, 2015 8:10am Jul 29, 2015 8:10am
Seems 666 is the number to watch
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  • #2,986
  • Jul 29, 2015 8:42am Jul 29, 2015 8:42am
Quoting RabbitWolf
{quote} 666 - 000 Careful with shorts on this , if it dips, may still jump up. Not trading today . Did not look whats new End of the month !!! Two days left Corn maybe worth looking at , maybe next week --------------------- Edit: Monthly Candle a bit scary looking now.
Rabbit -you post excellent stuff. Your website is a goldmine of information which I regularly dip into for a gem or two. Newbies or otherwise would definitely benefit by browsing its' contents.
every Saint has a past. Every Sinner has a Future
  • #2,987
  • Jul 29, 2015 8:44am Jul 29, 2015 8:44am
Quoting claudia1
Seems 666 is the number to watch {image}
The mark of the beast
every Saint has a past. Every Sinner has a Future
  • #2,988
  • Jul 29, 2015 8:44am Jul 29, 2015 8:44am
Monthly Candle still forming

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  • #2,989
  • Jul 29, 2015 8:51am Jul 29, 2015 8:51am
Quoting RabbitWolf
Monthly Candle still forming {image}
Would be interesting to see if that eventually closes as an Inside Candle
every Saint has a past. Every Sinner has a Future
  • #2,990
  • Jul 29, 2015 8:52am Jul 29, 2015 8:52am
oops -I'm supposed to be making some coffee ! Living dangerously today
every Saint has a past. Every Sinner has a Future
  • #2,991
  • Edited 11:21pm Jul 29, 2015 2:53pm | Edited 11:21pm
Quoting RabbitWolf
{quote} EJ perfect three drive - need watch for exhausted top if it slows down. And it has pivot touch with more flat MA {image} Taking time of for few days
E/J three drive working better then i expected . Can not blame Fibonacci on this one

Just have to be prepared that price go up and down when turning. Placing tight stop on top would be fine


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The ABCD indicator helped me to spot this. And it is usually never perfect.... so this is good example... Live and learn
--------------

-----------------------
edit Thursday ....... no more charts.... this getting addictive
  • #2,992
  • Jul 29, 2015 6:55pm Jul 29, 2015 6:55pm
[quote=turnip15;8406980]{quote} Billy -I hope you did not think I was criticizing you -far from it.
Certainly not my friend, writing online can be difficult for others to understand, I could say something and people could read it in a negative way. How many times has someone posted charts and I nearly always say oooooooooooo look at the ibs or levels. Same thing with you , you see double tops/bottoms etc, Keep posting turnip.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,993
  • Jul 29, 2015 7:01pm Jul 29, 2015 7:01pm
I cannot miss that Cable pin on daily, I will trade the daily break and assuming the low will break, I will have 2 trades running, one for 5 and let the other go. If it moves fast maybe get a few more than 5, Lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,994
  • Jul 29, 2015 7:33pm Jul 29, 2015 7:33pm
A few more back dated stats for Cable Daily Break...
From 1st April 2015 to 26th July.
Trades,,, 96,,,
Win,,, 82,,,
Loss,,, 14,,,
That is 85% strike rate.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,995
  • Jul 30, 2015 3:13am Jul 30, 2015 3:13am
Same as yesterday nothing happening very low adr so far. News 13.30 might wake it up has to be a move 70 pts ish one way or another. 600 seems to be holding maybe a bounce up to dp then yesterdays high or the other way? lol guessing as no clues so far.
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  • #2,996
  • Jul 30, 2015 4:22am Jul 30, 2015 4:22am
[quote=claudia1;8408891]Same as yesterday nothing happening very low adr so far. News 13.30 might wake it up has to be a move 70 pts ish one way or another.
Good morning, It looks like dropping going off yesterday candle but without a trigger I shall not touch cable.4 hour candle suggests up move as it is already doing. I would go for a more conservative 50 lol.
E/J is struggling with daily break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,997
  • Jul 30, 2015 4:27am Jul 30, 2015 4:27am
Cable ORB 15 minute candle.
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Nice break long , slight retrace up it went for 20 .
The same happened with 1 hour candle obviously less points.
This could be the clue for it getting the 50/70.. Only saying
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #2,998
  • Edited 4:16pm Jul 30, 2015 7:23am | Edited 4:16pm
Brent trades -good result -done for the day
But
Cable hourly pivot break = stopped out = loser
15 minute ORB Billy 8am bar break (Edit - E/J) = stopped out = Loser (Could have reversed long but as Claudia cautions, one could end up whipsawed to bits).

Overall a reasonable day.
Still lots to learn
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every Saint has a past. Every Sinner has a Future
  • #2,999
  • Jul 30, 2015 8:26am Jul 30, 2015 8:26am
Hello experienced masters of the universe

Posted some "what if" trades on the Dax - using my usual TA tool box.
Criticism and words of wisdom, honed through countless eons of battle scarred encounters with the market demons of yore, by weary yet worldly wise forex warriors, hunched over pulsating screens, coffee cooling beside the laptop, yet are kind enough to impart a few words of kindly advice to the novice forex trading hopeful, are welcomed.
Or
Your constructive opinions are welcome.
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every Saint has a past. Every Sinner has a Future
  • #3,000
  • Jul 30, 2015 11:35am Jul 30, 2015 11:35am
Quoting turnip15
{quote} The mark of the beast
And again
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