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Billytt Die happy trading e/j daily breakout

  • #3,221
  • Aug 12, 2015 5:00pm Aug 12, 2015 5:00pm
Quoting RabbitWolf
{quote} {image}
Good stuff Rabbit -are your charts USA time ?
every Saint has a past. Every Sinner has a Future
  • #3,222
  • Aug 12, 2015 5:09pm Aug 12, 2015 5:09pm
@Billytt

Playing with the pound/yen Four hourly -Daily Support and Resistance marked in (Seems to correspond , roughly, with big round "00" numbers)

"A" is a clearly profitable trade.

"B" is either a loser or you had to fight for profit on a lower time frame when price crosses open or close of 12noon(Noon to 1600 hours) four hour bar?

"C" We await the close of the 8pm to Midnight bar before initiating or considering a trade ?

Am I on the right track here Billy ?
Attached Image (click to enlarge)
Click to Enlarge Name: Billyfourhourpoundyen.jpg Size: 253 KB
every Saint has a past. Every Sinner has a Future
  • #3,223
  • Aug 12, 2015 5:31pm Aug 12, 2015 5:31pm
@Billytt

One more William

The E/J
Are bar times correct ?
I've added Daily support/resistance lines.
Seems to be consolidating around big round number support/resistance line?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,224
  • Edited Aug 13, 2015 5:05am Aug 12, 2015 6:18pm | Edited Aug 13, 2015 5:05am
Quoting turnip15
{quote} Good stuff Rabbit -are your charts USA time ?
No those i posted above GMT+3, 2 hour difference from London time, but i also use NY time platform , so my charts can be mixed. ( Pivots always GMT+3 . Asia opens - new Pivots start, thats how i started to trade from beginning, so ...have no idea, if using London time would make some difference.

Good night !
  • #3,225
  • Aug 12, 2015 6:49pm Aug 12, 2015 6:49pm
I forgot to say, Tuesday,,, Cable broke low and then broke high, I only traded the low break.
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,226
  • Aug 12, 2015 6:55pm Aug 12, 2015 6:55pm
CABLE DAILY BREAK,,
Attached Image

A = yesterday daily candle the 12th.
We have a high and a low, trade the break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,227
  • Aug 12, 2015 7:01pm Aug 12, 2015 7:01pm
E/J Daily Break..
Attached Image

A = the 12th daily candle Wednesday,
we have a high and a low, trade the break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,228
  • Aug 12, 2015 7:02pm Aug 12, 2015 7:02pm
Quoting turnip15
@Billytt One more William The E/J Are bar times correct ? I've added Daily support/resistance lines. Seems to be consolidating around big round number support/resistance line? {image}
the times are correct Turnip
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,229
  • Aug 12, 2015 7:07pm Aug 12, 2015 7:07pm
[quote=turnip15;8433050]@Billytt Playing with the pound/yen Four hourly -Daily
Difficult to say Turnip, Several posts back I mentioned 04-00 & 12-00 & 20-00 candles, The ones you highlighted seem different times. But look at the inside bars.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,230
  • Aug 12, 2015 7:22pm Aug 12, 2015 7:22pm
Cable, we have a big outside bar yesterday 12th. and it is almost midway on 14 day RSI, Once the ob is broken it should be good for 100. Just don't ask which way lol. Trade the trigger

edit,,, also , it is being boxed in on daily, something will have to break
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,231
  • Aug 13, 2015 3:14am Aug 13, 2015 3:14am
Cable Daily Break,,, So far nothing.. We have yesterdays candle 12th with High/Low, also outside bar.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,232
  • Aug 13, 2015 3:24am Aug 13, 2015 3:24am
Cable 15 min ORB (open range breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: cableorb13th.PNG Size: 32 KB

The high was broken then re trace. it made 8 before spread etc.
Trade still On-going. notice how it is getting boxed in. I AM NOT TRADING THE ORB.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,233
  • Aug 13, 2015 3:30am Aug 13, 2015 3:30am
e/j 15 min Open Range Breakout ORB.
Attached Image

the high was broken and then the low, The high failed and the low trade is still being traded, This could be a bad day for ORB.
IF the high is broken again I would leave it. I am not speaking about making bad trades good.

edit, I posted wrong chart, so corrected to E/J duh!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,234
  • Aug 13, 2015 3:35am Aug 13, 2015 3:35am
E/J daily break,, the high was nearly broken so I still wait, (still not trading it)
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,235
  • Aug 13, 2015 4:07am Aug 13, 2015 4:07am
Quoting billytt
E/J daily break,, the high was nearly broken so I still wait, (still not trading it) {image}
Be careful trading anything the plate smashers are having another vote - presumably to decide what to vote on next.

This is obviously affecting euro related pairs. Cable too - sat just above dp and 00 zone. Agree with your earlier post this should move - NY will liven it up a lot of high impact news 13.30.
  • #3,236
  • Aug 13, 2015 4:28am Aug 13, 2015 4:28am
Which way usually after a consolidation coming off a high would then expect short term trend to continue. 600 looking like strong support area.
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  • #3,237
  • Aug 13, 2015 4:54am Aug 13, 2015 4:54am
[quote=billytt;8433146]
Quoting turnip15
@Billytt Playing with the pound/yen Four hourly -Daily Difficult to say Turnip, Several posts back I mentioned 04-00 & 12-00 & 20-00 candles, The ones you highlighted seem different times. But look at the inside bars.
When you state 20-00 hour candle -do you mean the 8pm to midnight candle THEN trade the break of that completed candle..

I meant to show the 0400 to 0800 candle -then trade the break of that completed candle?
The 12noon to 1600hour candle -then trade the break of that completed candle?
The 8pm to Midnight candle -then trade the break of that candle.?

Not forgetting Inside bars etc ?
or have I had a bad hair day and arrowed the wrong candles :-)
every Saint has a past. Every Sinner has a Future
  • #3,238
  • Aug 13, 2015 6:09am Aug 13, 2015 6:09am
Cable one hour Pivot = No trade
15 minute Cable = too "whippy" no discernible pattern for me.
E/J 15 minute orb =Stopped out loser.
OIL Brent = Happy chappy again
The above are the only trades I concentrated on so I probably missed other forex trades that had less "whippy" price action.
Maybe Greece plate throwing is affecting things ?
EDIT: Oh dear -should made clearer -Trade "E" closed at "F"
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every Saint has a past. Every Sinner has a Future
  • #3,239
  • Aug 13, 2015 6:32am Aug 13, 2015 6:32am
Quoting claudia1
{quote} Be careful trading anything the plate smashers are having another vote - presumably to decide what to vote on next. This is obviously affecting euro related pairs. Cable too - sat just above dp and 00 zone. Agree with your earlier post this should move - NY will liven it up a lot of high impact news 13.30.
Good idea Claudia. Avoid the plate smasher field of influence.
Aus/Usd did okay on the 15 minute opening range break at 8am.
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every Saint has a past. Every Sinner has a Future
  • #3,240
  • Aug 13, 2015 6:54am Aug 13, 2015 6:54am
Quoting RabbitWolf
{quote} {image}
Still going .... will see how far... Nice candle combination marked in yellow

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