Billytt Die happy trading e/j daily breakout | Page 152 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,021
  • Aug 2, 2015 12:54pm Aug 2, 2015 12:54pm
Quoting RabbitWolf
{quote} http://news.investors.com/073115-764...2-earnings.htm Do not know nothing about... but nice number.... close to 20000.... maybe Claudia will make some comments..
US Stocks no idea. Generally when somethings recommended in the press it's way too late to buy.

I buy UK equities looking for good dividends and long term growth potential. Quite happy to hold for 5 or more years bit different approach to fx
  • #3,022
  • Aug 2, 2015 6:06pm Aug 2, 2015 6:06pm
A new week, trade well everyone
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,023
  • Aug 3, 2015 3:14am Aug 3, 2015 3:14am
Cable,, Sunday was a small range so no daily break ( I stayed out).
The 15 minute ORB low has not long since been triggered, Lets see, (Not Traded by me).
Friday was a big outside bar..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,024
  • Aug 3, 2015 5:18am Aug 3, 2015 5:18am
I tried a small compound trade on cable to show Tompoppop, I was looking for 10 pre compound but with compound 20, but it went wrong lol and I got 30. I will show results.. I am currently watching that outside bar on Frifday

edit, sorry Tomthepoppop, I spelled your name wrong
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,025
  • Aug 3, 2015 5:31am Aug 3, 2015 5:31am
Cable,, the 15 min ORB was good, The RSI on daily is midway so a lot of movement can happen, lets hope down... But then again it doesn't matter really..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,026
  • Aug 3, 2015 5:53am Aug 3, 2015 5:53am
E/J Sunday daily break was good long, it was a 24 range and I would not of traded it especially after that bear candle on Friday.. The 15 min ORB was good (short) and again not traded by myself..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,027
  • Aug 3, 2015 7:16am Aug 3, 2015 7:16am
E/J daily break was good as Billy mentioned above.
Billy seems to ook at other 15 minute breaks but when I trade I can only watch and act on very few instruments
I took the Billy style 15 minute bar break at 8am -did well.
Note the big round number 15600 and price action.
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every Saint has a past. Every Sinner has a Future
  • #3,028
  • Aug 3, 2015 7:27am Aug 3, 2015 7:27am
Brent 5 minute -Good day.
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every Saint has a past. Every Sinner has a Future
  • #3,029
  • Aug 3, 2015 7:42am Aug 3, 2015 7:42am
Claudia one hour Cable -went well today.
Long was stopped out but went short break of spinning top around pivot zone (Not strictly break of pivot as per Claudia rules but I like spinning tops etc so I tend to modify things at times according to price action set ups around the pivot).
A strict Claudia rule type trade would have also worked out for a short.
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every Saint has a past. Every Sinner has a Future
  • #3,030
  • Aug 3, 2015 7:56am Aug 3, 2015 7:56am
DAX _ Not traded by me. Neither are possible trades indicated by me.

Task for the lurkers on this thread -Pick your trades using some TA: dblhc etc, Pins,Pivots, spinning tops etc,small consolidations (watching tails bounce off price) break outs) -are pins etc more effective at swing highs etc. Have a play around with your TA tools and see what you come up with.
Of course on some days Dax price tails will cause you to die a death of a thousand cuts if you are not careful.
Enjoy -I am done for the day.
Wifey wants me to lay some edging slabs in the garden - she has the brains but I supply the brawn (muscle).
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every Saint has a past. Every Sinner has a Future
  • #3,031
  • Aug 3, 2015 8:14am Aug 3, 2015 8:14am
[quote=billytt;8414651]I tried a small compound trade on cable to show Tompoppop, I was looking for 10 pre compound but with compound 20, but it went wrong lol and I got 30. I will show results.. I am currently watching that outside bar on Frifday edit, sorry Tomthepoppop, I spelled your name wrong[/quote
No Problem----I laugh out loud because not only can people not say my last name they surely cant spell it either. Just call me Tom
  • #3,032
  • Aug 3, 2015 8:19am Aug 3, 2015 8:19am
Almost forgot.
Not traded by me.
Saw some nice TA type set ups on this pair on 15 minute. Billy mentioned this pair a while ago in his posts.
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every Saint has a past. Every Sinner has a Future
  • #3,033
  • Aug 3, 2015 8:21am Aug 3, 2015 8:21am
Man these posts today are really thought provoking---which is great! I am comparing them to my charts and the time difference is sort of frustrating.

But I just gotta figure out either how to trade it at NY time or wake up at 3am and trade it London time. It looks to me like certain pairs act differently at different openings ---ie. the Aus, Jpy Nzd trade different at the Aus and during Asian time than during London or NY time. Anyone notice that. So I assume Gbp and Eur to the same during London open. Oh well probably not making sense.
  • #3,034
  • Aug 3, 2015 8:25am Aug 3, 2015 8:25am
Quoting tomthepoppop
Man these posts today are really thought provoking---which is great! I am comparing them to my charts and the time difference is sort of frustrating. But I just gotta figure out either how to trade it at NY time or wake up at 3am and trade it London time. It looks to me like certain pairs act differently at different openings ---ie. the Aus, Jpy Nzd trade different at the Aus and during Asian time than during London or NY time. Anyone notice that. So I assume Gbp and Eur to the same during London open. Oh well probably not making sense.
Tom -try looking at your own time zone. TA etc works on them all. So instead of trying Billies 15 minute bar break out at 8am uk time -try it out on USA time.
Hope this helps.
every Saint has a past. Every Sinner has a Future
  • #3,035
  • Aug 3, 2015 8:59am Aug 3, 2015 8:59am
Quoting turnip15
E/J daily break was good as Billy mentioned above. Billy seems to ook at other 15 minute breaks but when I trade I can only watch and act on very few instruments I took the Billy style 15 minute bar break at 8am -did well. Note the big round number 15600 and price action. {image}
Hi Turnip, I only look/trade 15 min time frame when I am trying to correct a bad daily break..
I do look as you say at 15 minute levels but do not trade them, They sort of stick out lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,036
  • Aug 3, 2015 9:04am Aug 3, 2015 9:04am
[quote=tomthepoppop;8414986]Man these posts today are really thought provoking---which is great! I am comparing them to my charts and the time difference is sort of frustrating
Hi Tomthepoppop, In the book is says trade gbp during English seeion and usd during American session and the the same Yen with Asian, That is easy part but what about E/J or cable????.mixed..

I am usually awake for every session opening It goes back to when I traded for a living. I just cannot break the habit lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,037
  • Aug 3, 2015 10:08am Aug 3, 2015 10:08am
[quote=RabbitWolf;8401415]{quote} Some observation about Pivot not getting hit After strong move (let say down) big ADR day, need to watch where Asia opens next day. 1. If Price opens far away from Central Pivot, especially if opens below mid pivot (line between Central and S1), it may not hit Pivot, but continue trend for 1 more day . And it can be very strong move down, if Pivot not touched..... That means trend is very strong. Moving averages have to be sloping down , not flat. 4 hour BB most likely pointing down, not flat 2. If Asia opens very close to Pivot, London will probably touch Pivot and attempt to brake it or fake brake it. Then watch for that mid pivot line above pivot, and 20 SMA Day, 20 SMA 4 hour , that can be stoppers. Or S/R lines . Others watch Camarilla lines too. So it is important to notice distance Asia open line and Pivot... Also see which direction Asia is going and how strong. First 15 min candle Asia open ? And slope. . After strong move price still have a lot of room for turning and it needs to create some congestion first, in order to turn, and it keeps falling... Pivot does not get touched, because is was too big distance or strong slope down (Slope of big Moving averages) Ups went too philosophical , closing my mouth. Note: i use Asia day open Pivots. Asia opens - new pivots start. Maybe Claudias trading a bit different, because she use London Pivots. Do not have any experience watching that.[/quote​
This is a really great, thought provoking and useful post. Thank you RabbitWolf. I almost missed but glad I went back to reread. Tom
  • #3,038
  • Aug 3, 2015 10:12am Aug 3, 2015 10:12am
Quoting billytt
{quote} Hi Turnip, I only look/trade 15 min time frame when I am trying to correct a bad daily break.. I do look as you say at 15 minute levels but do not trade them, They sort of stick out lol
It seems like, based on the stats you have so graciously provided, that trading the Daily candles might be a very wise thing to consider. Certainly a lot less trouble and more prone to a set and forget strategy. At least gives more freedom during the day.​
  • #3,039
  • Aug 3, 2015 10:15am Aug 3, 2015 10:15am
Quoting turnip15
{quote} Tom -try looking at your own time zone. TA etc works on them all. So instead of trying Billies 15 minute bar break out at 8am uk time -try it out on USA time. Hope this helps.
Yes Turnip good advice. I have tried it for only a couple of days but was successful on them all. All of you on this thread have really helpful ideas and I am trying to soak them all up. Tom

​
  • #3,040
  • Aug 3, 2015 10:16am Aug 3, 2015 10:16am
[quote=tomthepoppop;8414964]
Quoting billytt
I tried a small compound trade on cable to show Tompoppop, I was looking for 10 pre compound but with compound 20, but it went wrong lol and I got 30. I will show results.. I am currently watching that outside bar on Frifday edit, sorry Tomthepoppop, I spelled your name wrong[/quote No Problem----I laugh out loud because not only can people not say my last name they surely cant spell it either. Just call me Tom
Billy -Very interested and looking forward to the compound trade info. Tom
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