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Billytt Die happy trading e/j daily breakout

  • #3,161
  • Aug 11, 2015 12:55pm Aug 11, 2015 12:55pm
Quoting turnip15
{quote} @Claudia1 Is this the type of trade you allude to Claudia? Have I identified the correct 4am to 8am bar? {image}
@Claudia1

I've indicated, by an arrow, the 4am to 8am bars over a period, for study by anyone interested (Assuming I am alluding to the correct bars of course).
Closing the trade is the hard part: would one aim for a set target of "X" pips or manage (on a lower time frame for example) the trade on a chosen exit criteria?
Attached Image (click to enlarge)
Click to Enlarge Name: fourhourbararrows.jpg Size: 241 KB
every Saint has a past. Every Sinner has a Future
  • #3,162
  • Aug 11, 2015 1:07pm Aug 11, 2015 1:07pm
Quoting turnip15
{quote} @Claudia1 I've indicated, by an arrow, the 4am to 8am bars over a period, for study by anyone interested (Assuming I am alluding to the correct bars of course). Closing the trade is the hard part: would one aim for a set target of "X" pips or manage (on a lower time frame for example) the trade on a chosen exit criteria? {image}
My objective with things like this is to use an ea and set fixed stops/targets etc so set and forget. Don't think I'll ever get there as I like to interfere too much.

Looks interesting though.
  • #3,163
  • Aug 11, 2015 1:12pm Aug 11, 2015 1:12pm
Brent -what I expected -lunchtime aimlessness until USA open-doesn't always happen but I usually stop around noon to avoid "chop" Can also see chop around 8am -big tails etc but lack of a defined TA set up keeps one out (sometimes).
Attached Image (click to enlarge)
Click to Enlarge Name: choptousaopen.jpg Size: 222 KB
every Saint has a past. Every Sinner has a Future
  • #3,164
  • Aug 11, 2015 1:19pm Aug 11, 2015 1:19pm
Quoting claudia1
{quote} My objective with things like this is to use an ea and set fixed stops/targets etc so set and forget. Don't think I'll ever get there as I like to interfere too much. Looks interesting though.
Well there's nowt on the telly and wife is at daughter in laws for a couple of days so I might sit and play with the charts and experiment with "what if" trades. First glance it seems there are more break outs of 10 pips plus than complete failures. I expect William would fight a wayward price every pip of the way
There are Inside bars and other TA bits to discover in that chart no doubt, but on balance, at first glance, simple seems best.
every Saint has a past. Every Sinner has a Future
  • #3,165
  • Aug 11, 2015 1:24pm Aug 11, 2015 1:24pm
Quoting turnip15
{quote} Well there's nowt on the telly and wife is at daughter in laws for a couple of days so I might sit and play with the charts and experiment with "what if" trades. First glance it seems there are more break outs of 10 pips plus than complete failures. I expect William would fight a wayward price every pip of the way There are Inside bars and other TA bits to discover in that chart no doubt, but on balance, at first glance, simple seems best.
It is very simple see what William says - enjoy !
  • #3,166
  • Aug 11, 2015 1:30pm Aug 11, 2015 1:30pm
Quoting claudia1
{quote} It is very simple see what William says - enjoy !
William will drift in when it gets dark
Attached Image
every Saint has a past. Every Sinner has a Future
  • #3,167
  • Aug 11, 2015 3:10pm Aug 11, 2015 3:10pm
Hey Guys,

I was wondering if someone could help me. Its been few week now but I am still unable to find any strategies which works in present markets condition. I have been searching for strategies and what I find are already out dated other than breakouts.

Please help me if anyone have a strategy which works for Major forex pairs with win to lose ratio of atleast 60:40.

Thanks
  • #3,168
  • Edited 3:57pm Aug 11, 2015 3:47pm | Edited 3:57pm
Quoting AyushAtts
Hey Guys, I was wondering if someone could help me. Its been few week now but I am still unable to find any strategies which works in present markets condition. I have been searching for strategies and what I find are already out dated other than breakouts. Please help me if anyone have a strategy which works for Major forex pairs with win to lose ratio of atleast 60:40. Thanks
You will not find anyone with a "winning strategy" willing to give it to a stranger who simply rolls up to the door, rings the doorbell, and holds out his hands for the "holy grail of trading" to be placed in them.
Many "strategies" work. But the problem is in the traders head (psychology).
Hate to be the bearer of bad news ( on second thoughts -maybe not) but it takes much study, discussion and many attempts at trading various approaches ranging from chicken bone throwing, through a multitude of indicators and other forms of trading bicycle stabilisers, to a stage where you collect your thoughts and work through (work as in demo trading and study plus participation in forums where it is clear that you are trying to trade as evidenced by posting of your trade attempts and discussion)your trading journey. People love a "trier" and will always cheer you on. But all you have done to date is to post on several forums asking for the keys to the trading kingdom. It isn't gonna happen. The experienced traders (I am not one of them-yet) here expect the neophyte trader to be an active student - not a benefits claimant.
You can begin by reading the James16 thread. It will take a long time, months I imagine, then demo for a few months, and then come back here to demo and discuss for a few more months (maybe trade for small stakes to give you the "frission" or emotional helter skelter of trading). With such a background of effort your appearance here would be met with a warmer welcome rather than disdain as an idle dreamer.
Sorry if I sound harsh but when a person asks for knowledge then one expects something in return -active participation.
every Saint has a past. Every Sinner has a Future
  • #3,169
  • Aug 11, 2015 6:32pm Aug 11, 2015 6:32pm
Quoting AyushAtts
Hey Guys, I was wondering if someone could help me. Its been few week now but I am still unable to find any strategies which works in present markets condition. I have been searching for strategies and what I find are already out dated other than breakouts. Please help me if anyone have a strategy which works for Major forex pairs with win to lose ratio of atleast 60:40. Thanks

First tutorial - very useful

Inserted Video
  • #3,170
  • Aug 11, 2015 6:50pm Aug 11, 2015 6:50pm
[quote=turnip15;8430180]{quote} @Claudia1 I've indicated, by an arrow, the 4am to 8am bars over a period, for study by anyone interested (Assuming I am alluding to the correct bars of course).

OMG , I wish I could say something. But like any trading the books tell you to go for maximum gain whereas I do not. Once in a trade look for levels or resistance /support to exit, Or be like me go for high probability returns like 5 or 10 , It happens dailky,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,171
  • Aug 11, 2015 7:02pm Aug 11, 2015 7:02pm
[quote=AyushAtts;8430382]Hey Guys, I was wondering if someone could help me. Its been few week now but I am still unable to find any


Hello and welcome, Trading is very difficult due to it being so easy ? You need a good head and you need to stick to the plan. If you are a beginner it will be very hard to just put on a trade and leave it to earn.
we have good contributors here, Claudia is very experienced and is also a good trader, oops. Rabbit has awesome analysis approach and Turnip knows more about candles (dojis,pins etc) than anyone on the planet.
and I only know about inside bars, daily break, open range breakout and levels.
Feel free to ask questions and we will all help, trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,172
  • Aug 11, 2015 7:14pm Aug 11, 2015 7:14pm
Daily Break,,,
Cable..
Attached Image

A = Tuesday daily candle..
B = Wednesday daily candle ( todays)
The high gets broken long it , the low gets broken short it.
I am looking for 5 points after spread, I will have a second trade running hopefully to get more but if it retraces I shall close trade for 1.
OR maybe fail and there is a possibility. next chart I will expand.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,173
  • Aug 11, 2015 7:21pm Aug 11, 2015 7:21pm
E/J daily break
Attached Image

A = Tuesday daily candle.
B = Wednesday daily candle (todays)
we have a high and a low and again either long or short it, maybe both.
Trouble is we have a big candle so perhaps the low wont be broken and again I want 5 after spread BUT,,,, I shall not be trading it..

edit... it is now 01-22 uk time, lets see what happens , especially with cable as I will trade it ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,174
  • Aug 11, 2015 7:23pm Aug 11, 2015 7:23pm
Quoting turnip15
{quote} William will drift in when it gets dark {image}
lol, I love it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,175
  • Aug 11, 2015 7:26pm Aug 11, 2015 7:26pm
Quoting claudia1
{quote} It is very simple see what William says - enjoy !
I shall this very quickly,,, It is excellent method and Turnip has already suggested filters and tuning it ..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,176
  • Aug 12, 2015 2:20am Aug 12, 2015 2:20am
Quoting turnip15
{quote} You will not find anyone with a "winning strategy" willing to give it to a stranger who simply rolls up to the door, rings the doorbell, and holds out his hands for the "holy grail of trading" to be placed in them. Many "strategies" work. But the problem is in the traders head (psychology). Hate to be the bearer of bad news ( on second thoughts -maybe not) but it takes much study, discussion and many attempts at trading various approaches ranging from chicken bone throwing, through a multitude of indicators and other forms of trading bicycle...
Hi Turnip,

What I am looking for is a starting point where I should approach market, as you already guess I am a fairly new trader currently knows only fundamentals. I have no clue how to approach market as I have no strategy at all regardless if it works or not. I thought starting point in trading is at least to have some sort of trading strategy if not then how am I suppose to approach the markets. I understand what you mean my having right psychology & believe it or not I do have that but right now I am looking for at least one way to get started in trading on demo not live. Most of the time I find myself having wrong stop loss. For me as a beginner the biggest question is WHERE SHOULD I START FROM? The best answer in my head is at least have one strategy rather than nothing at all.
  • #3,177
  • Aug 12, 2015 3:34am Aug 12, 2015 3:34am
good Morning and what a good day, Just watching cable drop . I stopped trading a while ago, but this looks fun...

edit, it dropped 50 as I typed this lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,178
  • Aug 12, 2015 3:42am Aug 12, 2015 3:42am
CABLE Daily Breakout and !5 min ORB..
Attached Image (click to enlarge)
Click to Enlarge Name: cable 2 chart.PNG Size: 60 KB

Left chart is Daily, A = yesterday daily Candle. The low was broken for 5 plus I let second trade run for a few more points before retrace.
....
Right Chart is the 15 minute Open Range Breakout (ORB). the high was broken for approx. 20 and just a few minutes ago the low was broken for approx. 20.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,179
  • Aug 12, 2015 3:56am Aug 12, 2015 3:56am
E/J Daily Break and 15 Minute Open Range Breakout ( ORB)
Attached Image (click to enlarge)
Click to Enlarge Name: el 2chart.PNG Size: 67 KB

Left Chart is daily, the high was broken for +30.
Right chart ORB,, High Broken for + 35


the ORB actually broken yesterdays daily high, this is a good sign.
THESE TRADES DO FAIL.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,180
  • Aug 12, 2015 4:01am Aug 12, 2015 4:01am
[quote=AyushAtts;8431158]{quote} Hi Turnip, What I am looking for is a starting point where I should approach market, as you already guess I am a fairly new trader currently knows only fundamentals.
If you only know FUNDAMENTALS you will go far, getting to know a countries future using its government polices and outside interference. But I don't so we shall skip that one lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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