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Billytt Die happy trading e/j daily breakout

  • #3,041
  • Aug 3, 2015 11:18am Aug 3, 2015 11:18am
Quoting tomthepoppop
{quote} 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.​
Tom -just curious. Would your time zone be practical to allow you to be up and about to trade the UK daily close at midnight UK time?
Remember Billy only goes for 5 pips initially and you would need to acquire skills (dummy trading?) to trade out of trouble sometime. But maybe you could stick to trading break of that UK midnight close (High or Low usually albeit some may trade the open/close breaks).
Billy provides stats for the daily E/J which should give you some confidence. So try demo trading it or use small stakes. Remember -sitting on your hands is a position (don't know who said that -an American trader I think -but is a good tip.)
Good luck.
every Saint has a past. Every Sinner has a Future
  • #3,042
  • Edited 3:36pm Aug 3, 2015 12:13pm | Edited 3:36pm
Monthly Pivot history E/J - decision zone - range. Black is central

Attached Image (click to enlarge)
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Cable

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Dow Jones - very squeezed Monthly Pivots

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  • #3,043
  • Aug 3, 2015 12:18pm Aug 3, 2015 12:18pm
Quoting turnip15
{quote} Tom -just curious. Would your time zone be practical to allow you to be up and about to trade the UK daily close at midnight UK time? Remember Billy only goes for 5 pips initially and you would need to acquire skills (dummy trading?) to trade out of trouble sometime. But maybe you could stick to trading break of that UK midnight close (High or Low usually albeit some may trade the open/close breaks). Billy provides stats for the daily E/J which should give you some confidence. So try demo trading it or use small stakes. Remember -sitting...
Turnip - Actually Yes. Good idea - that is 7pm my time so is easy. That's 3-4 hours before its nite nite.
  • #3,044
  • Aug 3, 2015 1:32pm Aug 3, 2015 1:32pm
Quoting RabbitWolf
Monthly Pivot history E/J - decision zone - range. Black is central {image} Cable {image}
@RabbitWolf
Hi Rabbit,
Are these four hour charts?
What is the moving average on your chart?
If so they are well worth studying the price action around various levels.
every Saint has a past. Every Sinner has a Future
  • #3,045
  • Edited 4:23pm Aug 3, 2015 2:34pm | Edited 4:23pm
Quoting turnip15
{quote} @RabbitWolf Hi Rabbit, Are these four hour charts? What is the moving average on your chart? If so they are well worth studying the price action around various levels.
4 hour but i posted it so i can fit more into chart to show what is happening. More important to read action on smaller time frames

MA 20 SMA. 20 SMA on 4 hour very important on small time frames. Also SMA 32 (holding trend)

It is worth looking at Monthly and weekly pivots with fine tuning with day pivots. When new week is starting, i look where is new weekly and they kind of give direction . You know that price like retest Daily Pivot, same is with weekly or monthly. I look at it as very important lines

Can look at 4 hour at day Pivots, you will like what you see. ... but i think Claudia already gave that idea...
  • #3,046
  • Aug 3, 2015 4:11pm Aug 3, 2015 4:11pm
Quoting RabbitWolf
{quote} 4 hour but i posted it so i can fit more into chart to show what is happening. More important to read action on smaller time frames MA 20 SMA. 20 SMA on 4 hour very important on small time frames. Also SMA 32 (holding trend) It is worth looking at Monthly and weekly pivots with fine tuning with day pivots. When new week is starting, i look where is new weekly and they kind of give direction . You know that price like retest Daily Pivot, same is with weekly or monthly. I look at it as very important lines Can look at 4 hour at day Pivots,...
What does this set up remind you of ??
Attached Image (click to enlarge)
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  • #3,047
  • Aug 3, 2015 6:27pm Aug 3, 2015 6:27pm
Hi all, a new day and hasn't it been busy in here.
E/J is on an inside bar on daily, and ib on 4 hour.worth looking at but I will not be trading it.
Cable inside bar on daily and ibs on 4 hour will be trading .
the midway point on 14 RSI is good to see (like a childs comfort blanket)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,048
  • Aug 3, 2015 7:02pm Aug 3, 2015 7:02pm
More back dated Stats for Cable...]
1st March to 26th July 2015..
Trades ,,, 120,,,
Win,,, 102,,,
loss,,, 18,,,
strike rate 85%.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,049
  • Aug 3, 2015 8:00pm Aug 3, 2015 8:00pm
More Cable Stats,,,
1st March to and including 3rd Aug 2015...
Trades 129,,,
Win,,, 110,,,
Loss,,,19,,,85.5 % Strike Rate
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,050
  • Aug 3, 2015 8:17pm Aug 3, 2015 8:17pm
Billy - Do you typically set and forget or do you monitor daily break trade? If you are only trying for 5 - 10 pips I would guess sl would be small also.
  • #3,051
  • Edited Aug 4, 2015 10:12am Aug 3, 2015 11:52pm | Edited Aug 4, 2015 10:12am
Quoting claudia1
{quote} What does this set up remind you of ?? {image}
To me is very blind chart , do not see anything if i look at your box...., ..... looks like you no longer trading Pivots ?

I am still perfecting my Pivot methods.. Will not mention BBs... .....And i am not London open trader.... See my trades more clear at NY open or Asia session. Sometimes they are smaller trades, but i feel much safer.. ...........Especially if it is bigger lot traded.... Last month was good to me. Guess should keep doing same staff. ...Looking at charts a lot, but trading less.... Waiting for good moments.


Good luck for new Month !
  • #3,052
  • Aug 4, 2015 2:09am Aug 4, 2015 2:09am
Trade well, It is 08-06 and we are on the ORB .
E/J is struggling with daily break and I am still not trading it.
Cable looks good to move a lot so let us trade it. Let us see how the ORB 15 min goes for indication
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,053
  • Aug 4, 2015 2:14am Aug 4, 2015 2:14am
Quoting tomthepoppop
Billy - Do you typically set and forget or do you monitor daily break trade? If you are only trying for 5 - 10 pips I would guess sl would be small also.
Hello Tom, Pardon me but I did not realise you had asked a question. I set the trigger then wait. Once in a trade I watch it . Most times break triggers then gets the 5 straight away and other times we have re trace and this is where I counter trade to make it good..
by sitting with the trade you can get a feel how it will go. So even without a second trade running you can get more points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,054
  • Aug 4, 2015 2:45am Aug 4, 2015 2:45am
Quoting billytt
{quote} Hello Tom, Pardon me but I did not realise you had asked a question. I set the trigger then wait. Once in a trade I watch it . Most times break triggers then gets the 5 straight away and other times we have re trace and this is where I counter trade to make it good.. by sitting with the trade you can get a feel how it will go. So even without a second trade running you can get more points.
Hi billyt,

when you say 'counter trade' you mean entering a new position in the other direction closing the original one ?
  • #3,055
  • Aug 4, 2015 3:17am Aug 4, 2015 3:17am
Quoting claudia1
{quote} What does this set up remind you of ?? {image}
Hi Claudia,,, depending on the time frame. It is boxed in and will break to that high/low area. You could even get a clue off another pair if it is correlated or un correlated, Meaning the other pair could give you an entry. Just saying lol,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,056
  • Aug 4, 2015 3:21am Aug 4, 2015 3:21am
Quoting DavidRP
{quote} Hi billyt, when you say 'counter trade' you mean entering a new position in the other direction closing the original one ?
Hi . No keep it open to keep it simple. Meaning you will have a trade doing nothing, neither winning nor losing and then when it re traces back to original direction add to it. It seldom fails
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,057
  • Aug 4, 2015 4:22am Aug 4, 2015 4:22am
Quoting billytt
{quote} Hi Claudia,,, depending on the time frame. It is boxed in and will break to that high/low area. You could even get a clue off another pair if it is correlated or un correlated, Meaning the other pair could give you an entry. Just saying lol,
Morning. I wasn't trading that just seeing if Rabbit was alert and she wasn't it just reminded me of FXHards ssbo set up on 15 min.
  • #3,058
  • Aug 4, 2015 4:34am Aug 4, 2015 4:34am
Quoting claudia1
{quote} Morning. I wasn't trading that just seeing if Rabbit was alert and she wasn't it just reminded me of FXHards ssbo set up on 15 min.
I found it difficult to try and trade something like that, I liked to see some space between the candles as I do now, good to see you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,059
  • Aug 4, 2015 4:52am Aug 4, 2015 4:52am
Quoting RabbitWolf
{quote} To me is very blind chart , do not see anything if i look at your box...., ..... looks like you no longer trading Pivots ? I am still perfecting my Pivot methods.. Will not mention BBs... .....And i am not London open trader.... See my trades more clear at NY open or Asia session. Sometimes they are smaller trades, but i feel much safer.. ...........Especially if it is bigger lot traded.... Last month was good to me. Guess should keep doing same staff. ...Looking at charts a lot, but trading less.... Waiting for good...
Hi - I still trade pivots don't really know much else. The chart just made me think of ssbo.

Looking more and more at news trading (UK high impact stuff) doing the usual put orders in both sides. Must admit to using guaranteed stops on this at the moment. Good day today. I put orders then go for a walk
  • #3,060
  • Aug 4, 2015 4:57am Aug 4, 2015 4:57am
Quoting billytt
{quote} I found it difficult to try and trade something like that, I liked to see some space between the candles as I do now, good to see you.
Thanks and you - never far way just lurking not much to say lol.
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