Billytt Die happy trading e/j daily breakout | Page 166 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,301
  • Aug 15, 2015 7:24am Aug 15, 2015 7:24am
Quoting billytt
{quote} bend over boy, Get ready for Miss Whiplash,, actually Claudia is busy so i'll do it my self {image}
I'd rather wait until Claudia gets back
every Saint has a past. Every Sinner has a Future
  • #3,302
  • Aug 15, 2015 7:29am Aug 15, 2015 7:29am
@Billytt
On a serious note.
Where do you get your charts for checking daily breaks or 7am -8am hourly price breaks etc. ?
I use IG or Metatrader charts.
every Saint has a past. Every Sinner has a Future
  • #3,303
  • Aug 15, 2015 7:33am Aug 15, 2015 7:33am
Quoting turnip15
@Billytt On a serious note. Where do you get your charts for checking daily breaks or 7am -8am hourly price breaks etc. ? I use IG or Metatrader charts.
shhhh the first one lol, They are not affiliated to FF so I never mention them. But shhhh they are the best
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,304
  • Aug 15, 2015 7:36am Aug 15, 2015 7:36am
OMG mention Miss Whiplash and we get 90 viewers, hurry up Claudia get your outfit on and get in here quick,,,, ooooooooo difficult eh! you should stay off the wine
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,305
  • Aug 15, 2015 7:37am Aug 15, 2015 7:37am
Quoting turnip15
{quote} I'd rather wait until Claudia gets back
she is ruthless
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,306
  • Aug 15, 2015 7:44am Aug 15, 2015 7:44am
Quoting billytt
{quote} she is ruthless
Yeah -but she is better looking
every Saint has a past. Every Sinner has a Future
  • #3,307
  • Aug 15, 2015 7:45am Aug 15, 2015 7:45am
Seriously,,, You need to have a good mind-set when trading.
Trade daily break, trade gets triggered and usually a few minutes later you close trade after getting 5. THEN WHAT? first record stats then maybe work on new ideas or back test or turn off trading pc and get a life , I chat in here or play musical instrument or go on weights/run/cycle. When my lady is speaking I take her out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,308
  • Aug 15, 2015 7:47am Aug 15, 2015 7:47am
107 watching, Turnip say something, not rude
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,309
  • Aug 15, 2015 7:49am Aug 15, 2015 7:49am
we are sorry to inform you that Claudia the dancing law enforcerer will not be appearing but maybe Bunny can take over
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,310
  • Aug 15, 2015 7:49am Aug 15, 2015 7:49am
@Billytt

Billy I was interested in something Claudia said about "Big Round Numbers."
Just look at price action around these lines and times. I always look closer when price is around or consolidating on these lines. I always now look at support and resistance and what is going on at higher levels if looking at times below one day. I expect you know all this anyway but for newer people it must be worth a study ?
EDIT: oops -ignore those arrows on the right -I forgot to delete them
Attached Image (click to enlarge)
Click to Enlarge Name: Biground.jpg Size: 268 KB
every Saint has a past. Every Sinner has a Future
  • #3,311
  • Edited 11:26am Aug 15, 2015 7:50am | Edited 11:26am
[quote=billytt;8437525]
Quoting turnip15
If you get in on a good trend you will make gains, It doesn't matter which scalping method you use you will not lose. .
You will lose, if you are countertrend scalper...

Speaking of pins - Pinbar can be fast reversal, but it also can be push that clears out the road for somebody (As they say "stop killing") After stops are removed, next push can be deadly. Have to know what was the obstacle. Would not trade pins on naked chart.... And not knowing about trend angle.
.....
Many trend traders also do not understand sometimes, that moves get exhausted and how to spot it, especially those who trade on high time frames and do not look what is going on on 5 min. Countertrend trading is very different world with very different psychology set up... : measuring trend angle, looking for fractal, looking for divergence in trend, knowing what time reversal may happen, measuring swings, .............one pinbar or engulfing candle will not do the trick of safe reversal trade. Obstacle have to be very big or move has to be very exhausted... two ways of countertrend trading.

1. Big obstacle move - very agresive trade, not waiting for any confirmation - for the brave. Setting order in place, where you predict reversal. (Thats where pinbars develop . And it can last few minutes
2. Slow reversal - that may last for many hours and very boring . Sometimes entering multiple trades on dips. Going in and out is safest.

And it needs very different thinking.

Good weekend to all.
  • #3,312
  • Aug 15, 2015 7:57am Aug 15, 2015 7:57am
Quoting turnip15
@Billytt Billy I was interested in something Claudia said about "Big Round Numbers." Just look at price action around these lines and times. I always look closer when price is around or consolidating on these lines. I always now look at support and resistance and what is going on at higher levels if looking at times below one day. I expect you know all this anyway but for newer people it must be worth a study ? {image}
it is an emotional thing humans do, nice round number and it has merits 50 is a good number too.

edit,,, and as Bunny pointed out, we have the stop busters so care must be taken around these round numbers.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,313
  • Aug 15, 2015 8:05am Aug 15, 2015 8:05am
[quote=RabbitWolf;8437609][quote=billytt;8437525]{quote} You will lose, if you are countertrend scalper... Speaking of pins - Pinbar can be fast reversal, but it also can be push that clears out the road for somebody (As they say stop killing) After stops are removed, next push can be deadly. Have to know what was the obstacle.

Hi Bunny, I agree counter trend scalper will fail but it then depends what they are after.
I counter trade because it works, I do one trade per day if the daily is triggered (sometimes 2) I do not counter everyday. Simple scenario if market goes up I long ,if it goes down I short. Only off a daily or daily inside bar..
Daily high/low is an important level, pure price action and it pays, be good ,trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,314
  • Edited 3:11pm Aug 16, 2015 2:46pm | Edited 3:11pm
Every picture tells a story what is this trying to say?

Edit: just for pf updated pic with support areas.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 24 KB
  • #3,315
  • Aug 16, 2015 2:54pm Aug 16, 2015 2:54pm
well, it either trying to say that:
A. the pound had had better days last year, but that is the past now
B. the last few weeks were definitely sideways
C. the lower support area is missing in the chart= no support once it falls?

must be one of these
there is always, always another trade!!
  • #3,316
  • Aug 16, 2015 2:57pm Aug 16, 2015 2:57pm
Quoting profitfarmer
well, it either trying to say that: A. the pound had had better days last year, but that is the past now B. the last few weeks were definitely sideways C. the lower support area is missing in the chart= no support once it falls? must be one of these
you not wrong.
  • #3,317
  • Aug 16, 2015 3:01pm Aug 16, 2015 3:01pm
Hi all, trade well this new week
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,318
  • Aug 16, 2015 3:12pm Aug 16, 2015 3:12pm
Quoting claudia1
Every picture tells a story what is this trying to say? Edit: just for pf updated pic with support areas. {image}

Hi Claudia,, riddle time. 15500 is support, stops being taken out and lots of indecision plus it depends how other pairs are affecting cable, as for me trade daily haha. Different people will also see other indies I suppose a bit like usin other trade methods touche', be good

edit, and we are boxed in on daily
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,319
  • Aug 16, 2015 3:13pm Aug 16, 2015 3:13pm
Claudia look
Attached Image (click to enlarge)
Click to Enlarge Name: 107.PNG Size: 59 KB
from Saturday

edit, I refer to the lurkers 107
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,320
  • Aug 16, 2015 3:19pm Aug 16, 2015 3:19pm
Quoting billytt
Claudia look {image} from Saturday edit, I refer to the lurkers 107
That is a lot !
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