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Billytt Die happy trading e/j daily breakout

  • #3,061
  • Aug 4, 2015 5:00am Aug 4, 2015 5:00am
[quote=claudia1;8416424]{quote} 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.

I have been looking into your put methods Claudia as it has a lot of merit, It is like an invisible candle if you see what I mean (or don't see)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,062
  • Aug 4, 2015 5:01am Aug 4, 2015 5:01am
Quoting claudia1
{quote} Thanks and you - never far way just lurking not much to say lol.
proper woman lol, be seen and not heard
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,063
  • Aug 4, 2015 5:06am Aug 4, 2015 5:06am
[quote=billytt;8416441]
Quoting claudia1
{quote} 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. I have been looking into your put methods Claudia as it has a lot of merit, It is like an invisible candle if you see what I mean (or don't see)
Watch how often price uses dp as s/r yesterday was a good example. Then take other thing into account - got dp today at 598 just under 00 looks like we going back there.
  • #3,064
  • Aug 4, 2015 5:10am Aug 4, 2015 5:10am
[quote=claudia1;8416453]
Quoting billytt
{quote} Watch how often price uses dp as s/r yesterday was a good example. Then take other thing into account - got dp today at 598 just under 00 looks like we going back there.
I am watching it with more gusto than ever , I am planning on hitting it hard... I prefer the drop if not I shall wait...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,065
  • Aug 4, 2015 5:15am Aug 4, 2015 5:15am
[quote=billytt;8416454]
Quoting claudia1
{quote} I am watching it with more gusto than ever , I am planning on hitting it hard... I prefer the drop if not I shall wait...
As was writing it started going down again lol be back ny have a good day.
  • #3,066
  • Aug 4, 2015 5:24am Aug 4, 2015 5:24am
Attached Image (click to enlarge)
Click to Enlarge Name: pennant.PNG Size: 37 KB

is this not a bullish pennant? not sure about the circled bit.. What ever it is , It will break. I have no idea just chatting lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,067
  • Aug 4, 2015 5:50am Aug 4, 2015 5:50am
My daughter just pointed out the similarities of pennant and ostrich??? mmmm
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,068
  • Edited 10:19am Aug 4, 2015 6:21am | Edited 10:19am
Quoting claudia1
{quote} 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
Sound like low stress trading. Use stops, but you have to set take profit too. How you determine take profit . Box get broke for 10 pips, then reverse and get broken on other side for more... ...


SSBO also gets fake brakes.... human need to watch it, then it can be traded. Adding some of my staff on top of it, can get more clear direction.
But i am really into MACD and Stochastics to determine direction (maybe sound weird, but it works) if i take longer trade ....and like go bullish from bottoms...
like big ranges...
  • #3,069
  • Aug 4, 2015 6:56am Aug 4, 2015 6:56am
Quoting RabbitWolf
{quote} Sound like lo stress trading. Use stops, but you have to set take profit too. How you determine take profit . Box get broke for 10 pips, then reverse and get broken on other side for more... ... SSBO also gets fake brakes.... human need to watch it, then it can be traded. Adding some of my staff on top of it, can get more clear direction. But i am really into MACD and Stochastics to determine direction (maybe sound weird, but it works) if i take longer trade ....and like go bullish from bottoms... like big ranges...
Yes set t/p - I playing with 20 stop 60 win. This is newish for me so no doubt will change also wanted to test IG's guaranteed stop. Might have a play with NFP first time for long time.

Cable jumped through dp whilst was away this being pushed up to come down NY will reverse that lol maybe.
  • #3,070
  • Aug 4, 2015 7:33am Aug 4, 2015 7:33am
EUR/AUD weekly pivots did good job here after news. R3 Pivot day reached



Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmicroH1.png Size: 49 KB
  • #3,071
  • Aug 4, 2015 7:54am Aug 4, 2015 7:54am
serious question..
most of the lines are added after the event, does this serve a purpose..
Dropping to S3 blows the theory of it rebounding off S1 or S2. I seen levels having been broken just off price action. Only asking as I cannot get my head around it....
Attached Image (click to enlarge)
Click to Enlarge Name: serious.PNG Size: 183 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,072
  • Aug 4, 2015 8:37am Aug 4, 2015 8:37am
@Billytt
Billy would you have traded todays Inside bar on E/J -it looks as though it would not have triggered. Diagonal line shows a bias to the upside maybe ?
Attached Image (click to enlarge)
Click to Enlarge Name: EJDaily.jpg Size: 220 KB
every Saint has a past. Every Sinner has a Future
  • #3,073
  • Aug 4, 2015 8:40am Aug 4, 2015 8:40am
@Billytt
@Claudia1

Poor results for my forex trades. (Failed to notice an Inside bar trade off support). The 8am short was a loser.
Brent oil was a life saver for me today.
No Hourly Cable pivot trade triggered today -will leave it alone now because I cannot make sense of the price action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Billy bar.jpg Size: 256 KB
Click to Enlarge Name: BRENT.jpg Size: 335 KB
every Saint has a past. Every Sinner has a Future
  • #3,074
  • Aug 4, 2015 9:28am Aug 4, 2015 9:28am
Quoting turnip15
@Billytt Billy would you have traded todays Inside bar on E/J -it looks as though it would not have triggered. Diagonal line shows a bias to the upside maybe ? {image}
Hi Turnip, I would of traded that inside bar, they do not always work out. That ib could of been the turning point of trend since 8th July, only saying. and again they do fail sometimes, be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,075
  • Aug 4, 2015 9:30am Aug 4, 2015 9:30am
Come on cable DROP lol, be good all,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,076
  • Edited 4:02pm Aug 4, 2015 9:57am | Edited 4:02pm
Quoting billytt
serious question.. most of the lines are added after the event, does this serve a purpose.. Dropping to S3 blows the theory of it rebounding off S1 or S2. I seen levels having been broken just off price action. Only asking as I cannot get my head around it.... {image}
AUD was strong after news.. Thats what makes big drops... Index was strong.
If it is after strong news is may not rebound from S3 on same day, but always good to take profit at S3. May continue going next day too. E/A does those things
Did short for some pips, but not looking for long yet.

Now will watch cable - have to get out that range.. Good luck
  • #3,077
  • Aug 4, 2015 6:04pm Aug 4, 2015 6:04pm
New day to trade, lets get the bad guys..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,078
  • Aug 4, 2015 6:08pm Aug 4, 2015 6:08pm
Tuesday Cable daily range break,, I was slaughtered lol.
The low broke then retraced, this was no problem BUT I had to go out in an emergency, so could not trade it good. I left the trade to the gods and they let me down .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,079
  • Aug 4, 2015 6:14pm Aug 4, 2015 6:14pm
[quote=RabbitWolf;8416975]{quote} AUD was strong after news.. Thats what makes big drops... Index was strong. If it is after strong news is may not rebound from S3 on same day, but always good to take profit at S3.
I agree, strong news and basic fundamental trading. Only thing with the news trading is when the lovely broker adjusts spreads and slippage which can make you fail before you start, Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,080
  • Aug 4, 2015 10:53pm Aug 4, 2015 10:53pm
[quote=billytt;8417816]
Quoting RabbitWolf
{quote} I agree, strong news and basic fundamental trading. Only thing with the news trading is when the lovely broker adjusts spreads and slippage which can make you fail before you start, Trade well
Australian and NZD News is a bit safer then others.... USA and EUR news.... Not just spreads, but all platform can fail....

Not be brave to trade NFP , if not sure... stay away. I failed it before few times... so lessons learned.
Will be interesting to hear, if anybody traded and did good. Power to the brave
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