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Billytt Die happy trading e/j daily breakout

  • #3,361
  • Edited 10:15am Aug 17, 2015 9:58am | Edited 10:15am
Quoting claudia1
Pivot then 00. {image}

G/U
All by plan - .............Billies team killed stops and Claudia broke Pivot. Two banks competing . Rabbit is riding on the pig... Need to be careful - pig can get tired any time...


Attached Image
  • #3,362
  • Aug 17, 2015 10:02am Aug 17, 2015 10:02am
Quoting claudia1
Pivot then 00. {image}
Got it
  • #3,363
  • Aug 17, 2015 10:24am Aug 17, 2015 10:24am
Quoting billytt
Cable Daily Break Stats 1st Jan 2015 to and include 13th August.. Trades = 195.. Win 170.. Loss 25,, strike rate 87% This is minimum of 10 pips before spread etc. not bad
For those that scorn a "mere" ten pips -think about it. 170 winning trades at a small stake of ten pounds a pip x ten pips average win (spread betting in the UK). Thats about 1700 pips times a tenner per pip = £17000. Not to be "sniffed" at.
every Saint has a past. Every Sinner has a Future
  • #3,364
  • Aug 17, 2015 12:16pm Aug 17, 2015 12:16pm
Hi blillytt and everyone, thank you for your great system. I follow your thread for weeks, "image" trade everyday and see profit but I don't know why there are no newbie here. I want to improve win rate so I have some questions and hope you could make it clearly, thanks in advance
1. You trade manually, so could you show us how to eliminate bad trades?
2. Do you trade in a specific time for daily breakout, Lodon Open or every entry you get.
3. I'm going to use 5 pips SL & TP, do you think it's a good idea?
  • #3,365
  • Aug 17, 2015 12:51pm Aug 17, 2015 12:51pm
Quoting RabbitWolf
{quote} G/U All by plan - .............Billies team killed stops and Claudia broke Pivot. Two banks competing . Rabbit is riding on the pig... Need to be careful - pig can get tired any time... {image}
Hope you have a safe landing !
  • #3,366
  • Aug 17, 2015 12:54pm Aug 17, 2015 12:54pm
Quoting godbless-you
Hi blillytt and everyone, thank you for your great system. I follow your thread for weeks, "image" trade everyday and see profit but I don't know why there are no newbie here. I want to improve win rate so I have some questions and hope you could make it clearly, thanks in advance 1. You trade manually, so could you show us how to eliminate bad trades? 2. Do you trade in a specific time for daily breakout, Lodon Open or every entry you get. 3. I'm going to use 5 pips SL & TP, do you think it's a good idea?
Hi welcome to the thread. We all trade different ways here so will leave it to Billy to answer.
  • #3,367
  • Aug 17, 2015 1:33pm Aug 17, 2015 1:33pm
Quoting billytt
E/J 15 min open range breakout ORB {image} nothing happening yet, some people trade off the hour candle , still nothing lol BUT look at that Turnip Pin at 07-00 hour candle.
I have to comment on that 7am candle Billy mentioned. I do not blindly trade candles, Pins or other formations.
Candle "A would not be traded by me -it is running straight down into a big round number -it is also running into consolidation (you could take a break of that Pin short but your target would be the bottom of that consolidation -your stop would be at close of that first candle after that pin).
A better Pin is the next one to the right -it is at a high -above consolidation and big number- your stop is moved to just above 13800 which is your first target -break of 13800 is good -then jump ship at that pin.
Their are other pins to the left but they are away from big round number and other pins still react to support/resistance -so watch where you trade your pins and outside bars etc. I am not a fantastic trader, relatively new compared to some here, but I learnt a lot from the James16 site before meeting several very knowledgeable and helpful traders here.
Well -I spent my day raking gravel into piles and wheel barrowing it around the garden. Then digging up a section of the drive and filling with gravel. Finally, I fought titanic battles with roots that clung grimly to the soil in a futile attempt to avoid relegation to the bonfire. Rescued a toad I found under an uprooted tree stump. A fun day.
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every Saint has a past. Every Sinner has a Future
  • #3,368
  • Aug 17, 2015 5:06pm Aug 17, 2015 5:06pm
@Billytt

Just commenting.
Cable Daily break of Sunday bar only -both High and Low
And E/J Daily break of Sunday and Friday bars
Billy may, doubtless, add a more informed commentary on these charts?
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every Saint has a past. Every Sinner has a Future
  • #3,369
  • Aug 17, 2015 6:10pm Aug 17, 2015 6:10pm
Hi all, 00-08 here and Mon Candle low is almost broken, I do not like trading off candles like this but it could be worse, If the low is broken I will trade it with 2 trades. It is on the 20 ma which doesn't help but hey ho, I shall go where the market goes, lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,370
  • Aug 17, 2015 6:11pm Aug 17, 2015 6:11pm
Quoting RabbitWolf
{quote} G/U All by plan - .............Billies team killed stops and Claudia broke Pivot. Two banks competing . Rabbit is riding on the pig... Need to be careful - pig can get tired any time... {image}
WOW flying pigs, hope you are well Bunny.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,371
  • Aug 17, 2015 6:12pm Aug 17, 2015 6:12pm
Quoting turnip15
{quote} For those that scorn a "mere" ten pips -think about it. 170 winning trades at a small stake of ten pounds a pip x ten pips average win (spread betting in the UK). Thats about 1700 pips times a tenner per pip = 17000. Not to be "sniffed" at.
you got it Mr T, less is more, be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,372
  • Aug 17, 2015 6:20pm Aug 17, 2015 6:20pm
Quoting godbless-you
Hi blillytt and everyone, thank you for your great system. I follow your thread for weeks, "image" trade everyday and see profit but I don't know why there are no newbie here. I want to improve win rate so I have some questions and hope you could make it clearly, thanks in advance 1. You trade manually, so could you show us how to eliminate bad trades? 2. Do you trade in a specific time for daily breakout, Lodon Open or every entry you get. 3. I'm going to use 5 pips SL & TP, do you think it's a good idea?
Hello Godbless-you. and welcome. 5 pip stop loss you will be ruined, we bully the market a bit like playing poker. The only way to eliminate a bad trade is to use a big bank roll and only trade a fraction of it.
If you keep stats/probabilities this will help.
As soon as you place a trade you go negative and 5 sl is too low... Simply put you have more chance of failure on a sunday candle with a small range, so do not trade this. If a trade goes bad and they do be prepared to either close or counter trade, this cancels each other out until you get a clue to then add on....Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,373
  • Aug 17, 2015 6:22pm Aug 17, 2015 6:22pm
godbless-you, the break can happen any time but you normally get better movement when uk opens and usa, this is normally where you can make more points with a second trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,374
  • Aug 17, 2015 6:28pm Aug 17, 2015 6:28pm
[quote=turnip15;8440224]@Billytt Just commenting. Cable Daily break of Sunday bar only -both High and Low And E/J Daily break of Sunday and Friday bars Billy may, doubtless, add a more informed commentary on these charts?
Hi Turnip, E/J was good both high and low break. Cable was good but the first break failed , I do not trade off range less than 25 even though I have in the past and I am glad I left it alone, we have another day to trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,375
  • Aug 17, 2015 6:39pm Aug 17, 2015 6:39pm
we have a good chance of cable going up to meet pivot (according to the book) so if it does I hope the low doesn't break first as it makes me nervous ha ha. BUT if it is triggered and re traces the counter should be ok. Last time I said this it went bad
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,376
  • Aug 17, 2015 6:45pm Aug 17, 2015 6:45pm
Cable Daily
Attached Image


the 14 day RSI is midway and this is a good sign for a lot of movement, hopefully down
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,377
  • Aug 17, 2015 7:03pm Aug 17, 2015 7:03pm
ding ding, Cable low just broke, catch you later, 2 trades going.01-03
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,378
  • Aug 17, 2015 7:54pm Aug 17, 2015 7:54pm
I am coming very close to putting a long trade on, I think I have spooked myself
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,379
  • Aug 18, 2015 3:36am Aug 18, 2015 3:36am
@Billytt

Pips ahoy there me hearties
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every Saint has a past. Every Sinner has a Future
  • #3,380
  • Aug 18, 2015 4:09am Aug 18, 2015 4:09am
Ups the line responded- pip to pip, but i did not trade it... 20 SMA on day chart too....( The pig had power to lift up.... News ? ) Will see what American news will bring.


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