Billytt Die happy trading e/j daily breakout | Page 160 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #3,181
  • Edited 5:57am Aug 12, 2015 4:07am | Edited 5:57am
AyushAtts

Starting Point :
http://www.forexfactory.com/showthread.php?t=2331

James16 site is built for beginners with lots of nice people willing to answer queries but no one there has a "take away" strategy that works for all people in all seasons.
I will not answer any more queries on this (others here might be more patient than I am) other than to say you have a lot of analysis and practice in front of you. At least two years of hard work.

So -if you cannot put together a strategy from the above thread, then study, get a better job with better pay maybe.
every Saint has a past. Every Sinner has a Future
  • #3,182
  • Aug 12, 2015 4:11am Aug 12, 2015 4:11am
[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.

Hello again...
Spend a lot of time watching charts and watch good pairs , In my case E/J and G/U. E/J being my prime pair. You can get a feel how it

moves . You must have a plan and once you have a plan STICK TO IT. You will make a few good trades and then will think you know it all

YOU DONT. I KNOW I have been there.

Keep statistics and probabilities. Look at methods with high probability such as daily pivot being reached, open range breakout being good and of course Daily inside bars. This is a start and find a method which suits your style. BUT YOU NEED STATS/PROBABILITIES.
Turnip and Bunny trade well but I could never trade their way, It is preferance
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,183
  • Aug 12, 2015 4:14am Aug 12, 2015 4:14am
Quoting billytt
Daily Break,,, Cable.. {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.
@Billytt
Guess you probably got at least five on Cable Daily break
Attached Image (click to enlarge)
Click to Enlarge Name: Billypounddaily.jpg Size: 217 KB
every Saint has a past. Every Sinner has a Future
  • #3,184
  • Aug 12, 2015 4:17am Aug 12, 2015 4:17am
Quoting billytt
E/J Daily Break and 15 Minute Open Range Breakout ( ORB) {image} 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.
E/J
Take a look how long it was going up, all i see that is getting a bit flat at Weekly R3 Pivot. Maybe my vision is fooling me .
  • #3,185
  • Aug 12, 2015 4:21am Aug 12, 2015 4:21am
Quoting turnip15
{quote} @Billytt Guess you probably got at least five on Cable Daily break {image}
yes indeed, exactly 5 on first trade and a few extra on my second trade.and now all closed down. I am dancing tonight
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,186
  • Aug 12, 2015 4:25am Aug 12, 2015 4:25am
Quoting RabbitWolf
{quote} E/J Take a look how long it was going up, all i see that is getting a bit flat at Weekly R3 Pivot. Maybe my vision is foolling me .
Yes you are right, E/J creeping up to the level before that Plate Smashing idiot tried to steal more money off the charitable Europeans..
It might be a cunning move.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,187
  • Aug 12, 2015 4:28am Aug 12, 2015 4:28am
"Billy Bar" strikes again

Look at the Pin and bounces off support line + break of ORB = Confluence or increased confidence in the trade.

My Cable hourly Pivot trade was a loser
Attached Image (click to enlarge)
Click to Enlarge Name: Billybar.jpg Size: 226 KB
every Saint has a past. Every Sinner has a Future
  • #3,188
  • Aug 12, 2015 4:34am Aug 12, 2015 4:34am
Quoting billytt
{quote} Yes you are right, E/J creeping up to the level before that Plate Smashing idiot tried to steal more money off the charitable Europeans.. It might be a cunning move.
Check ping when can very interesting.
  • #3,189
  • Aug 12, 2015 4:41am Aug 12, 2015 4:41am
Oil trade (Brent) went well albeit I hesitated at the start even though I had a good pin and dblhc at hand. I was worried about consolidations overhead and the trade I took (the first one) cleared those consolidations thus giving me more confidence.
The second trade was off the original first trade level. Notice how the Pin tail was "eaten up" -that's a trick I learnt at James 16 from MBQ11 (Mike).
(Pin is not at a High or Low)
Attached Image (click to enlarge)
Click to Enlarge Name: Brent.jpg Size: 238 KB
every Saint has a past. Every Sinner has a Future
  • #3,190
  • Aug 12, 2015 4:41am Aug 12, 2015 4:41am
Quoting claudia1
{quote} Check ping when can very interesting.
Did do,,, excellent results Claudia
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,191
  • Aug 12, 2015 4:46am Aug 12, 2015 4:46am
[quote=turnip15;8431539]Oil trade (Brent) went well albeit I hesitated at the start even though I had a good pin and dblhc at hand.

Hi Turnip, I noticed Brent this week has bounced off the weekly support going back to January. I would be tempted to long it if I had the right trigger. Obviously I do not trade this way but it looks good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,192
  • Aug 12, 2015 4:52am Aug 12, 2015 4:52am
Talking of E/J
Out of interest here is the latest 0400hrs- four hour bar break in progress.
Comments on its' management would be welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: EJFourhour.jpg Size: 282 KB
every Saint has a past. Every Sinner has a Future
  • #3,193
  • Aug 12, 2015 4:52am Aug 12, 2015 4:52am
[quote=billytt;8431546]
Quoting turnip15
Oil trade (Brent) went well albeit I hesitated at the start even though I had a good pin and dblhc at hand. Hi Turnip, I noticed Brent this week has bounced off the weekly support going back to January. I would be tempted to long it if I had the right trigger. Obviously I do not trade this way but it looks good.
How about eurodollar.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 86 KB
  • #3,194
  • Aug 12, 2015 5:02am Aug 12, 2015 5:02am
[quote=turnip15;8431561]Talking of E/J Out of interest here is the latest 0400hrs- four hour bar break in progress. Comments on its' management would be welcome.
Attached Image

mmm m mm m mmmmm . look at it. I cannot say . daily inside bars even though less frequent act the same, ie WIN
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,195
  • Aug 12, 2015 5:03am Aug 12, 2015 5:03am
[quote=claudia1;8431562]
Quoting billytt
{quote} How about eurodollar. {image}
EURDOLLAR ???? never heard of it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,196
  • Aug 12, 2015 5:07am Aug 12, 2015 5:07am
Quoting turnip15
Talking of E/J Out of interest here is the latest 0400hrs- four hour bar break in progress. Comments on its' management would be welcome. {image}
also look when that candle breaks the previous daily high/low shhhhhhhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,197
  • Aug 12, 2015 5:09am Aug 12, 2015 5:09am
Quoting turnip15
Talking of E/J Out of interest here is the latest 0400hrs- four hour bar break in progress. Comments on its' management would be welcome. {image}
remember stats and probabilities
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,198
  • Aug 12, 2015 5:13am Aug 12, 2015 5:13am
[quote=claudia1;8431562]
Quoting billytt
{quote} How about eurodollar. {image}
It's like being in a Candy shop -which sweetie jar do I pick first
every Saint has a past. Every Sinner has a Future
  • #3,199
  • Aug 12, 2015 5:13am Aug 12, 2015 5:13am
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
This might be a good place to start http://www.babypips.com/school
  • #3,200
  • Aug 12, 2015 5:14am Aug 12, 2015 5:14am
Quoting billytt
{quote} remember stats and probabilities
Yes -very important.
every Saint has a past. Every Sinner has a Future
65 traders viewing now