Billytt Die happy trading e/j daily breakout | Page 157 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,121
  • Aug 10, 2015 4:02am Aug 10, 2015 4:02am
Quoting turnip15
{quote} @Billytt Billy - could you elaborate on, or summarize, your four hour candle approach ?
No, Sorry. I sold the method and am contracted to it.. BUT my old posts are still about. I cannot stop anyone speaking about it but my lips remain sealed. Same thing with trading a bad trade good, I am unable to actually say how I do it but I do give out clues.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,122
  • Aug 10, 2015 4:05am Aug 10, 2015 4:05am
I believe cable 15 min ORB we had a trigger which failed then a trigger which has so far a yield approx. 25. and E/J triggered for approx. 10.
I thought cable may of made more with 1st trigger as a level w following a boxed in pattern.as broken..
Sunday range was far too small for me to trade . So best to sit back and watch. I will probably be trading Tuesday. Be good all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,123
  • Aug 10, 2015 7:38am Aug 10, 2015 7:38am
Quoting billytt
{quote} No, Sorry. I sold the method and am contracted to it.. BUT my old posts are still about. I cannot stop anyone speaking about it but my lips remain sealed. Same thing with trading a bad trade good, I am unable to actually say how I do it but I do give out clues.
@Billytt
Yes- you are right Billy, the clues are there. I have only gone back to July thus far looking at the charts and 20 ma etc. I think I now have a good idea but will read back further after trading hours.
every Saint has a past. Every Sinner has a Future
  • #3,124
  • Aug 10, 2015 8:10am Aug 10, 2015 8:10am
Brent for today.
Pleased with result.
Learning to be patient and "picky."
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every Saint has a past. Every Sinner has a Future
  • #3,125
  • Aug 10, 2015 8:16am Aug 10, 2015 8:16am
And Billies Midnight break of daily E/J Bar....so far
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every Saint has a past. Every Sinner has a Future
  • #3,126
  • Aug 10, 2015 8:36am Aug 10, 2015 8:36am
Cable hourly pivot break -managed on the 15 minute time frame
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every Saint has a past. Every Sinner has a Future
  • #3,127
  • Aug 10, 2015 9:19am Aug 10, 2015 9:19am
E/J fifteen minute Billy 15 minute 8am break plus a couple of trades via my own evolving approach as my confidence improves with practice.
I have had some not so good days now and again but now feel okay about it because (so far) things seem to work out if I stick to my rules.
I have learnt a lot from this and other forums over the last three years (Yes- I didn't suddenly start making average returns -lots of demo trading and rubbish, dare I say it, naive trades litter the last few years. I started looking at newspaper tips a long time ago -I cringe when I think about it now).
I didn't take all the trades on the E/J -just the ones' shown in the boxes. The other notations are possible trades I could have taken had I the time or had spotted the opportunities in time.
Feel free to offer any critique of my approach otherwise I might as well bugger off.

Ye gods -I've just looked at my posts today and see I have written a treatise almost. Or I have literary diarrhea.
I promise to stop posting so much crap. My three readers have read enough to gain an insight into my novice trading approach so maybe it's time to call a halt. And my coffee has gone cold
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every Saint has a past. Every Sinner has a Future
  • #3,128
  • Edited 4:47pm Aug 10, 2015 10:38am | Edited 4:47pm
Quoting turnip15
I promise to stop posting so much crap. {image}
Hey Turnip, if posting helps you to trade, no any shame about that. For me posting charts was good mind setting for myself - to believe in myself. But i think i am done here... Believe in yourself... and do not be afraid to change what others are preaching ... There are many ways to trade... And keeping it too simple sometimes will not give you that precision... Need a bit more then that.... ... But your experience - that what matters the most... Good luck !
P.S. using some bottom indicator can make your live much easier too. You did use RSI, so maybe learn how to use it very good and grab some pips out of that.
If you ever want to learn how to use MACD + Stochastics (on Metatrader) in the future, drop me email (I am not selling anything...)
  • #3,129
  • Aug 10, 2015 10:48am Aug 10, 2015 10:48am
Quoting RabbitWolf
{quote} Hey Turnip, if posting helps you to trade, no any shame about that. For me posting charts was good mind setting for myself - to believe in myself. But i think i am done here... Believe in yourself... and do not be afraid to change what others are preaching ... There are many ways to trade... And keeping it too simple sometimes will not give you that precision... Need a bit more then that.... ... But your experience - that what matters the most... Good luck ! P.S. using some bottom indicator can make your live much easier too. You did...
Thanks Wabbit. I am always willing too study trading related material, so feel free to send the links to me,
every Saint has a past. Every Sinner has a Future
  • #3,130
  • Aug 10, 2015 11:44am Aug 10, 2015 11:44am
Quoting turnip15
E/J fifteen minute Billy 15 minute 8am break plus a couple of trades via my own evolving approach as my confidence improves with practice. I have had some not so good days now and again but now feel okay about it because (so far) things seem to work out if I stick to my rules. I have learnt a lot from this and other forums over the last three years (Yes- I didn't suddenly start making average returns -lots of demo trading and rubbish, dare I say it, naive trades litter the last few years. I started looking at newspaper tips a long time ago -I cringe...
Turnip - Your posts and notations are outstanding. I read and reread every one of them. They are not crap. They are your method of trading and some of us enjoy other perspectives. I do. I am trying to simplify my trading and not rely on indicators so I am first starting with the daily b/o of E/J and G/U. When I can I will also do the 15min ORB and I have added the Daily Pivot to my chart. So Billy, you, Claudia, and Rabbit have all had an effect on the way I am starting to trade. Thank you. I now have my charts set to Midnight London Time so I am in sync with yall.​
  • #3,131
  • Aug 10, 2015 6:56pm Aug 10, 2015 6:56pm
Turnip , keep posting and I just pinged you. You have good insight into closing trades and if you can do that you can also enter trades.
If market goes up go long and if it goes down go short. Add your experience to it of support/resistance, round numbers, ibs, daily break and you will go far.
Just for the record
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so you short at the top and long at the bottom? you would of been smashed to pieces (not you personally) more chance trading off the levels... Study how the guys traded in the first half of the 20th century pre computers, Trade well bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,132
  • Aug 11, 2015 3:52am Aug 11, 2015 3:52am
Brent -what a shocker.
The reasoning for the trade was good -in fact there were two opportunities to enter; 1. large pin off support or break of channel.
Up to R1 very quickly where I decided to get out on no better reasoning than such a big rise would entail, possibly a swift retrace, R1 seemed the best spot to bail out when price retreated under R1-not very technical maybe but swift rises are usually followed by swift pullbacks.
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every Saint has a past. Every Sinner has a Future
  • #3,133
  • Aug 11, 2015 4:03am Aug 11, 2015 4:03am
@Claudia1
Claudia hourly -waiting for a break of the high but so far bar is inside the left hand bar.
Not sure what to do here as there is a lot of congestion to the left, especially if you look at daily or even four hour time frame.
I will not trade this due to my uncertainty but will observe and welcome comments.
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every Saint has a past. Every Sinner has a Future
  • #3,134
  • Aug 11, 2015 4:18am Aug 11, 2015 4:18am
Billy 15 minute bar strikes again.
An hourly, Claudia type pivot trade worked well here if you look for pivot trades on pairs other than Cable?
Note congestion around pivot before move upwards on the 15 minute.
Note Resistance line alluded to by myself on the chart.
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every Saint has a past. Every Sinner has a Future
  • #3,135
  • Aug 11, 2015 4:31am Aug 11, 2015 4:31am
Lastly -a puzzle for our viewers
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every Saint has a past. Every Sinner has a Future
  • #3,136
  • Aug 11, 2015 4:37am Aug 11, 2015 4:37am
Quoting billytt
Turnip , keep posting and I just pinged you. You have good insight into closing trades and if you can do that you can also enter trades. If market goes up go long and if it goes down go short. Add your experience to it of support/resistance, round numbers, ibs, daily break and you will go far. Just for the record {image} so you short at the top and long at the bottom? you would of been smashed to pieces (not you personally) more chance trading off the levels... Study how the guys traded in the first half of the 20th century pre computers, Trade...
@Billytt
Are the crosses failed trades and the ticks good trades? I'm assuming the crosses and ticks allude to trading levels?
What authors did you have in mind Billy?
Thanks for the reply. Trade well.
every Saint has a past. Every Sinner has a Future
  • #3,137
  • Aug 11, 2015 4:55am Aug 11, 2015 4:55am
Cable, Daily break ( still not trading E/J)
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I got the 5 after spread.
A = Break of Mon high .
B = I looked at that level with my second trade but it re traced and I closed trade for 1.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,138
  • Aug 11, 2015 4:59am Aug 11, 2015 4:59am
Cable 15 min ORB
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the ORB was good for approx. 30, I was hoping it would of broken Mon daily high for an added clue , but alas
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,139
  • Aug 11, 2015 5:04am Aug 11, 2015 5:04am
E/J daily break (I DID NOT TRADE THIS)
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High broken , would of been a normal trade for 5 , 40 could of been made but not by me,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,140
  • Aug 11, 2015 5:08am Aug 11, 2015 5:08am
E/J 15 min ORB
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Normally I did not like these large opening candles but the high was broken for 35 ish.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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