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Billytt Die happy trading e/j daily breakout

  • #3,141
  • Aug 11, 2015 5:08am Aug 11, 2015 5:08am
Quoting billytt
Cable 15 min ORB {image} the ORB was good for approx. 30, I was hoping it would of broken Mon daily high for an added clue , but alas
Just noticed that was also a double bar low/Higher close type trade (The red bar and green bar on the 8am combined). All good for added confluence. But I missed that cos I only look at E/J. Maybe I should look at other 15 minute set ups apart from E/J and take the first one that sets up ?
Thoughts anyone?
every Saint has a past. Every Sinner has a Future
  • #3,142
  • Edited 5:42am Aug 11, 2015 5:14am | Edited 5:42am
Quoting turnip15
{quote} @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.
Hi Turnip,, Yes, I did not even have to look for failures as they are everywhere. OK, use no stop and maybe you could of come out goodon some but can you see how sometimes the breaks go for hundreds of points against.
Maybe if the band is broken and next candle closes opposite this can be traded but too much risk. be good

The author is a good looking guy called Billy a bit like the old James Bond but Northern . a proper ladies man who owns a string of ferrets and a bicycle (and lights).
Observation, I have spent years observing people and I just look at charts and see if patterns emerge ( price action ones). I have trader friends which rarely ever speak trading but when they do I pick up on it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,143
  • Aug 11, 2015 5:16am Aug 11, 2015 5:16am
Quoting turnip15
{quote} Just noticed that was also a double bar low/Higher close type trade (The red bar and green bar on the 8am combined). All good for added confluence. But I missed that cos I only look at E/J. Maybe I should look at other 15 minute set ups apart from E/J and take the first one that sets up ? Thoughts anyone?
Stick to one pair and get to know it. Like me with E/J but I am not trading it yet due to my daughters account being handicapped lol.
But Cable has good stats

edit,,, stick to what you feel good with and is tradable, My case is different due to me trading bad trades good, I would probably be ruined if I had 2 or more trades go against me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,144
  • Aug 11, 2015 5:25am Aug 11, 2015 5:25am
Thanks Billy
every Saint has a past. Every Sinner has a Future
  • #3,145
  • Aug 11, 2015 5:28am Aug 11, 2015 5:28am
Brent Crude update.

It shorted below the triangle - where would you have entered had you taken it or bailed out if wrong?
Would you have simply waited due to support resistance being nearby?
What will price do now?
Bounce?
Go lower?
Clues? That Inside bar next to the pin for a start.
Oh yes -that Pin below triangle -not good for a long (it never got broken anyway - clue for a short there)-it was pointing straight into resistance with no room to move UNLIKE the earlier Pin long I took (Just be aware and prepared that not all pins work)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,146
  • Aug 11, 2015 5:29am Aug 11, 2015 5:29am
Quoting turnip15
{quote} Just noticed that was also a double bar low/Higher close type trade (The red bar and green bar on the 8am combined). All good for added confluence. But I missed that cos I only look at E/J. Maybe I should look at other 15 minute set ups apart from E/J and take the first one that sets up ? Thoughts anyone?
erm, yes indeed, It was almost a tram line (I think) too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,147
  • Aug 11, 2015 5:36am Aug 11, 2015 5:36am
Always Remember, We have losers. We might win the war but we will also have casualties.
Resistance/Support all excellent clues for the retrace BUT we have people who solely trade the break of these . CONTRADICTION.
Same with Round Numbers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,148
  • Aug 11, 2015 5:45am Aug 11, 2015 5:45am
Quoting billytt
Always Remember, We have losers. We might win the war but we will also have casualties. Resistance/Support all excellent clues for the retrace BUT we have people who solely trade the break of these . CONTRADICTION. Same with Round Numbers.
I think you have to know where your trade is a failure BEFORE getting into the trade.
every Saint has a past. Every Sinner has a Future
  • #3,149
  • Edited 6:04am Aug 11, 2015 5:54am | Edited 6:04am
[quote=turnip15;8429109]Brent Crude update. It shorted below the triangle - where would you have entered had you taken it or bailed out if wrong? Would you have
You have good odds/probability of the daily pivot being reached. So maybe look for entries at an earlier time. You got a good level highlighted which earned before pivot, it is over sold and speaking BBs eeegh, if it closes under the BB wait for nest candle to close above it and long it.
OMG I cannot believe I said that, I will be taken apart if it fails

edit,,, daily suggests it is going down lol, that's my kop out
edit2 forget I mentioned BBs, it will be luck if it does as I suggested, I will get my witch doctor out
Attached Image

chicken entrails say leave alone
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,150
  • Aug 11, 2015 5:59am Aug 11, 2015 5:59am
Quoting turnip15
{quote} I think you have to know where your trade is a failure BEFORE getting into the trade.
yes, that is planning. But if you short on a resistance or vice versa, it doesn't always go to plan. I am now speaking about probabilities.
I prefer trading off levels as they are pure price action and not calculated on a chart. Not that I think they are bad. It is how I trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,151
  • Aug 11, 2015 6:04am Aug 11, 2015 6:04am
Quoting billytt
{quote} yes, that is planning. But if you short on a resistance or vice versa, it doesn't always go to plan. I am now speaking about probabilities. I prefer trading off levels as they are pure price action and not calculated on a chart. Not that I think they are bad. It is how I trade.
Yes - I fully agree with that
every Saint has a past. Every Sinner has a Future
  • #3,152
  • Aug 11, 2015 6:09am Aug 11, 2015 6:09am
Quoting billytt
Quoting turnip15
Brent Crude update. It shorted below the triangle - where would you have entered had you taken it or bailed out if wrong? Would you have You have good odds/probability of the daily pivot being reached. So maybe look for entries at an earlier time. You got a good level highlighted which earned before pivot, it is over sold and speaking BBs eeegh, if it closes under the BB wait for nest candle to close above it and long it. OMG I cannot believe I said that, I will be taken apart if it fails edit,,, daily suggests it
...
Ignore my BB's - they are my stabilizers and I forget they are there
Price reached Pivot as expected/good odds of..
Nest Candle? Do you mean an Inside bar Billy?
every Saint has a past. Every Sinner has a Future
  • #3,153
  • Aug 11, 2015 6:13am Aug 11, 2015 6:13am
Quoting billytt
Quoting turnip15
Brent Crude update. It shorted below the triangle - where would you have entered had you taken it or bailed out if wrong? Would you have You have good odds/probability of the daily pivot being reached. So maybe look for entries at an earlier time. You got a good level highlighted which earned before pivot, it is over sold and speaking BBs eeegh, if it closes under the BB wait for nest candle to close above it and long it. OMG I cannot believe I said that, I will be taken apart if it fails edit,,, daily suggests
...
I look at higher time frames sometimes.
It either strengthens my resolve to trade or it confuses the hell out of me and I pass on the trade
every Saint has a past. Every Sinner has a Future
  • #3,154
  • Aug 11, 2015 6:22am Aug 11, 2015 6:22am
Quoting turnip15
{quote}{quote} Ignore my BB's - they are my stabilizers and I forget they are there Price reached Pivot as expected/good odds of.. Nest Candle? Do you mean an Inside bar Billy?
No, I mean a candle which is a re trace to use as a trigger.
An ib is always good, but I am speaking daily or maybe a 4 hour candle ib
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,155
  • Aug 11, 2015 6:25am Aug 11, 2015 6:25am
Stop trading, stop posting, lunch and chill out
every Saint has a past. Every Sinner has a Future
  • #3,156
  • Aug 11, 2015 6:30am Aug 11, 2015 6:30am
Forget I mentioned BBs. was just trying to be sociable lol. I have closed down my trading monitors but maybe later I shall post something. Every time I look at any chart I always see levels to be exploited, But my best is daily and 15 min for correction. be good, Run time
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,157
  • Aug 11, 2015 6:32am Aug 11, 2015 6:32am
Quoting turnip15
Stop trading, stop posting, lunch and chill out
lol, once you have bought a car/holiday you'll keep trading and be up all hours, catch you later.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,158
  • Aug 11, 2015 11:01am Aug 11, 2015 11:01am
Here's a cool little ea that trades the e/j 4h breakout - 4.00 am bar open/close looking for a break after LO of the highs/lows. (Thanks to Ronald Raygun for this one.) Easy changed enter pips above below hi/lo etc.
Attached Image (click to enlarge)
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  • #3,159
  • Aug 11, 2015 12:33pm Aug 11, 2015 12:33pm
Quoting claudia1
Here's a cool little ea that trades the e/j 4h breakout - 4.00 am bar open/close looking for a break after LO of the highs/lows. (Thanks to Ronald Raygun for this one.) Easy changed enter pips above below hi/lo etc. {image}
@Claudia1

Is this the type of trade you allude to Claudia?
Have I identified the correct 4am to 8am bar?
Attached Image (click to enlarge)
Click to Enlarge Name: claudiafourhour.jpg Size: 283 KB
every Saint has a past. Every Sinner has a Future
  • #3,160
  • Aug 11, 2015 12:41pm Aug 11, 2015 12:41pm
Quoting turnip15
{quote} @Claudia1 Is this the type of trade you allude to Claudia? Have I identified the correct 4am to 8am bar? {image}
You have the right bar yes. I stick mainly with cable but do like e/j for this type of break which of course was Billy's idea.

Not traded by me today but would have been good clearly.
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