Billytt Die happy trading e/j daily breakout | Page 170 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,381
  • Aug 18, 2015 4:12am Aug 18, 2015 4:12am
Cable Daily Break,, The low broke for 5 +, but it gave me problems. Remember me saying I spooked myself earlier. I did . I did a counter at -10 and then it went against so added on to the short at the low again lol, it came good..
The DAILY PIVOT was reached ...
Cable 15 min ORB low failed, but the high was good. I assume we had a news release for the spike..
I got the 5 but due to my lot size gained more than 5% woo woo. I closed my second trade down for NIL.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,382
  • Aug 18, 2015 4:13am Aug 18, 2015 4:13am
Quoting RabbitWolf
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. {image}

which line? lol. one of them had to.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,383
  • Aug 18, 2015 4:15am Aug 18, 2015 4:15am
we set triggers and trade, I am not a news trader BUT obviously news affects our trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,384
  • Aug 18, 2015 4:17am Aug 18, 2015 4:17am
Not supposed to be here but it is raining domestic pets -so a quick look around for "what if" trades.

My E/J 15 minute "Billy" break out would have failed.
huge moves on currencies for some reason ?
Look at 4am to 8am bar breaks -one or two nice moves there.

and
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every Saint has a past. Every Sinner has a Future
  • #3,385
  • Aug 18, 2015 4:17am Aug 18, 2015 4:17am
Quoting billytt
{quote} which line? lol. one of them had to.
Monthly Central pp.... But it was very hard to guess it this time..
  • #3,386
  • Aug 18, 2015 4:20am Aug 18, 2015 4:20am
Turnip, I was told about trading the ROUND NUMBERS.. If I remember .use the 100 ma and follow this trend for entry. If on a short and the round number is example 500. you enter at 515 and get out at erm (I forget) about 30+ it could be more. and vice versa for a long trade.
I had a quick look and it seems interesting, I am quite sleepy as I have a bit of a cold plus I got stressed out in the night with that trade lol, happy days, sleep time again I think.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,387
  • Aug 18, 2015 4:21am Aug 18, 2015 4:21am
If Cable high breaks I shall not trade it, too tired zzzzzzzzzzzzzzzzzzzzzzzzz
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,388
  • Aug 18, 2015 4:25am Aug 18, 2015 4:25am
Quoting billytt
Cable Daily Break,, The low broke for 5 +, but it gave me problems. Remember me saying I spooked myself earlier. I did . I did a counter at -10 and then it went against so added on to the short at the low again lol, it came good.. The DAILY PIVOT was reached ... Cable 15 min ORB low failed, but the high was good. I assume we had a news release for the spike.. I got the 5 but due to my lot size gained more than 5% woo woo. I closed my second trade down for NIL.
Hi Billytt,

When you added at the second low test, do you look for +10 to overcome the first -10 hedge? or just look for +5 with more size to reach breakeven?
  • #3,389
  • Aug 18, 2015 4:28am Aug 18, 2015 4:28am
E/J daily break, so far nothing has happened..
E/J ORB , so far the low failed and then the high failed, This is worse case scenario. Sometimes you have to take the loss. The low has been triggered again but I am not going there as this is more gambling.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,390
  • Aug 18, 2015 4:37am Aug 18, 2015 4:37am
Quoting DavidRP
{quote} Hi Billytt, When you added at the second low test, do you look for +10 to overcome the first -10 hedge? or just look for +5 with more size to reach breakeven?
I am always after the 5, You have a high chance of getting 5. I had 2 lots on short trigger and a 3rd one from when the long started to re trace by 10..It is all about cancelling each other out.
Other factors happen too, maybe experience is kicking in as well as stats, Monday was also big outside bar and like the ib some points will be made with the break. trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,391
  • Aug 18, 2015 4:47am Aug 18, 2015 4:47am
Quoting billytt
{quote} I am always after the 5, You have a high chance of getting 5. I had 2 lots on short trigger and a 3rd one from when the long started to re trace by 10..It is all about cancelling each other out. Other factors happen too, maybe experience is kicking in as well as stats, Monday was also big outside bar and like the ib some points will be made with the break. trade well
thanks mate
  • #3,392
  • Aug 18, 2015 4:14pm Aug 18, 2015 4:14pm
E/J update theoretical trade. ( TRI-ANGLE Breakout ) Watching "Prometheus" film on TV -bit like "Alien." (Precursor to actually)
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every Saint has a past. Every Sinner has a Future
  • #3,393
  • Aug 18, 2015 6:03pm Aug 18, 2015 6:03pm
Quoting turnip15
E/J update theoretical trade. ( TRI-ANGLE Breakout ) Watching "Prometheus" film on TV -bit like "Alien." (Precursor to actually) {image}
Hi Turnip, that was a level trade, as I call them
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,394
  • Aug 18, 2015 6:03pm Aug 18, 2015 6:03pm
00-03 a new day, trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,395
  • Aug 18, 2015 6:26pm Aug 18, 2015 6:26pm
I was going to look at trading the round numbers as I mentioned earlier but slept instead. I believe you trade with the 100 ma trend for best results. So looking at cable right now this means no trade. Maybe I misheard lol.

edit, but E/J should be on, It is also very close to Tuesday low break, which could be amusing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,396
  • Aug 19, 2015 2:52am Aug 19, 2015 2:52am
Quoting billytt
{quote} Hi Turnip, that was a level trade, as I call them
Yes - different names for the same thing but if it works ! I like the way price "crunches" or slopes down to form that triangle point down, the whole shape resting on a "level" or base. I then need a recognizable, to me , TA break like a pin or double top/lower close etc. to act. That trade also shows the rewards of being patient. I'm not trading until September but it seems I cannot resist peeping at the PC now and again to see what Billy and the gang are up to.
every Saint has a past. Every Sinner has a Future
  • #3,397
  • Aug 19, 2015 3:01am Aug 19, 2015 3:01am
Quoting turnip15
{quote} Yes - different names for the same thing but if it works ! I like the way price "crunches" or slopes down to form that triangle point down, the whole shape resting on a "level" or base. I then need a recognizable, to me , TA break like a pin or double top/lower close etc. to act. That trade also shows the rewards of being patient. I'm not trading until September but it seems I cannot resist peeping at the PC now and again to see what Billy and the gang are up to.
You'll have withdrawal symptoms by September!

Check out g/j on 4h break. Will g/u break the 00 or fall back to dp zone around 45 ?

Sounds like Mrs T has come back and taken control
  • #3,398
  • Aug 19, 2015 4:28am Aug 19, 2015 4:28am
WOW, Claudia is back. good to see you.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,399
  • Aug 19, 2015 4:31am Aug 19, 2015 4:31am
Cable Daily Break, Nothing doing....
Cable 15 min ORB. the high was broken for approx 15 before spread. The low has broken and is still running.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,400
  • Aug 19, 2015 4:33am Aug 19, 2015 4:33am
Quoting billytt
I was going to look at trading the round numbers as I mentioned earlier but slept instead. I believe you trade with the 100 ma trend for best results. So looking at cable right now this means no trade. Maybe I misheard lol. edit, but E/J should be on, It is also very close to Tuesday low break, which could be amusing

edit, I was going to delete this post because I got confused . I was speaking about trading round numbers but was referring to Daily pivot, IDIOT,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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