Billytt Die happy trading e/j daily breakout | Page 182 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #3,621
  • Aug 25, 2015 6:04am Aug 25, 2015 6:04am
Quoting claudia1
{quote} You know what my thoughts are on bunny bands but it works for you that's all that matters. More important ea is doing good running on e/j, g/u and e/u. Time to put some money up next week and see where we really go.
sounds good especially if several trades can run simultaneously
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,622
  • Aug 25, 2015 6:06am Aug 25, 2015 6:06am
Quoting Piprader
{quote} Hi Mr B, would this be a thought that price had a reasonable probability of bouncing from R1 and with this in mind look for a trigger on a lower time frame, should price retrace to below yesterdays daily high. I notice that your pivot is different to mine, .... can I ask do you work out your pivot manually or do you use an indi that allows you to set the start of day ( my charts are GKFX) this means that 12 midnight is 2am on my chart
GKFX are London based are you using the correct settings on the charts, and as Bunny pointed out you can download a different platform or even get the free Pivot calculator
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,623
  • Aug 25, 2015 6:08am Aug 25, 2015 6:08am
Quoting Piprader
{quote} Hi Mr B, I am in UK, But the chart time with GKFX is 2 hours different to the rest of the UK {image}
Simple Pivot Indicator with time shift, make sure you see mid pivots too. It helps.

Attached File(s)
File Type: ex4 SDX-TzPivots.ex4   21 KB | 286 downloads


Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 311 downloads
  • #3,624
  • Aug 25, 2015 6:12am Aug 25, 2015 6:12am
Quoting billytt
{quote} GKFX are London based are you using the correct settings on the charts, and as Bunny pointed out you can download a different platform or even get the free Pivot calculator
A lot of these firms have London addresses but most are based elsewhere.
  • #3,625
  • Aug 25, 2015 6:26am Aug 25, 2015 6:26am
Quoting RabbitWolf
{quote} Simple Pivot Indicator with time shift, make sure you see mid pivots too. It helps. {file} {file}
Thank you Bunny.... down loaded will give it a try
  • #3,626
  • Aug 25, 2015 6:32am Aug 25, 2015 6:32am
Quoting billytt
{quote} GKFX are London based are you using the correct settings on the charts, and as Bunny pointed out you can download a different platform or even get the free Pivot calculator
Thanks Mr B, I also have a live account with GKFX , will have a dig around see what I can find.
  • #3,627
  • Aug 25, 2015 6:34am Aug 25, 2015 6:34am
Quoting claudia1
{quote} http://www.pivotpointcalculator.com/ or wine bar does it set to any hour wanted (thanks to David).
Thanks Claudia
  • #3,628
  • Aug 25, 2015 6:39am Aug 25, 2015 6:39am
[quote=billytt;8455233]
Quoting RabbitWolf
{quote} Sir, you need to fix Your Monday Pivots First, if you making attempt to understand how it works. 1 hour time frame was Claudias original idea... so what happens when the high/low goes past high/low of the BB by a couple of hundred points or does one have no stop

I really do not trade BB brakes, i trade from Center of BB, which happens a lot of times to be near Pivot. So Center of 1 hour or 4 hour BB can give jump from Pivot. (When is uptrend) And that jump from center can be strong enough to brake Upper BB. Sometimes it is just 1 candle, some times is all day move... Depends what time is happening ...and News of course...

I will be very aggressive if i see Center of day BB after it was not touched for long time...
  • #3,629
  • Aug 25, 2015 6:42am Aug 25, 2015 6:42am
[quote=RabbitWolf;8455435]
Quoting billytt
{quote} I really do not trade BB brakes, i trade from Center of BB, which happens a lot of times to be near Pivot. So Center of 1 hour or 4 hour BB can give jump from Pivot. (When is uptrend) And that jump from center can be strong enough to brake Upper BB. Sometimes it is just 1 candle, some times is all day move... Depends what time is happening ...and News of course... I will be very aggressive if i see Center of day BB after it was not touched for long time...
Mid band on BB is essentially 20 ma from memory - only got to page 4 of the book.
  • #3,630
  • Edited 9:31am Aug 25, 2015 9:00am | Edited 9:31am
[quote=claudia1;8455447]
Quoting RabbitWolf
{quote} Mid band on BB is essentially 20 ma from memory - only got to page 4 of the book.
Books can be boring....

20 SMA . ....Well lot of people watching it... including robots too... (And next one is 32 SMA... )

I plot BB 1 hour and 4 hour on smaller time frame chart. So i can see centers on 5 min chart or even 1 min. (you know that 1 - 5 min is different world) when price comes to it ...watch reaction. But some times reaction is so fast, that order need to be set there, and take advantage for fast jump, not necessary going for many pips, just to be safe... And watching what develops then on higher time frame. If action is going my direction, may open many trades, quickly taking profit after 5 pips or less

Will not trade brake of Center... If its broken, does not mean price will not reverse
If BB is flat and center is flat, then centers can be broken. Angle need to be watched too. And how wide are BBs...
  • #3,631
  • Aug 25, 2015 10:06am Aug 25, 2015 10:06am
Quoting RabbitWolf
Quoting claudia1
{quote} Books can be boring.... 20 SMA . ....Well lot of people watching it... including robots too... (And next one is 32 SMA... ) I plot BB 1 hour and 4 hour on smaller time frame chart. So i can see centers on 5 min chart or even 1 min. (you know that 1 - 5 min is different world) when price comes to it ...watch reaction. But some times reaction is so fast, that order need to be set there, and take advantage for fast jump, not necessary going for many pips, just to be safe... And watching what develops then on
...
Books are boring but keep buying them Amazon must love me.

Understand BB's are like a safety net or comfort factor to you - think you said so before somewhere. But it's still a lagging indicator as is any moving average so it doesn't make sense especially if you trading short t/f's looking for a few pips. Maybe I go read page 5 over a glass of Chardonnay but it's raining heavy but so what.

I'm going more towards the ea's and longer t/f's which is not me as you know but it does seem easier. Let the robot enter the trade but watch the thing - I always said the entry doesn't matter as I know I can fight out of a mess might take days but ...... maybe looking for an easier way.
  • #3,632
  • Edited 3:05pm Aug 25, 2015 11:28am | Edited 3:05pm
Two ideas and what ifs......not traded by me. Raining again.
Edit -should have added " Daily break out E/J forming an inside bar at time of writing."
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Billydaily.jpg Size: 292 KB
Click to Enlarge Name: EJfifteen.jpg Size: 300 KB
every Saint has a past. Every Sinner has a Future
  • #3,633
  • Aug 25, 2015 3:17pm Aug 25, 2015 3:17pm
@Billytt
E/J Daily break update -Seems to be forming Inside bar at time of writing at 23.16 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: ejDaily.jpg Size: 293 KB
every Saint has a past. Every Sinner has a Future
  • #3,634
  • Aug 25, 2015 4:09pm Aug 25, 2015 4:09pm
a new day , trade well all, Tuesday ended up quite well with cable
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,635
  • Aug 25, 2015 4:14pm Aug 25, 2015 4:14pm
[quote=RabbitWolf;8456111]{quote} If trading straight lines works for you, do not bother learning about BBs... or Moving Averages. If EA will work thats the way to go.... Having proper account size .....can fix out any mess made. And you know how to do it.... So precision is not the key for you... There is no such a thing as lagging indicator....

lagging indies are good for cross overs, and making charts look good for newbies to buy. Straight lines as in a high/low is pure price action and this is how you win, If the indies are getting you 70 pips etc you should be retired by now, Just saying. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,636
  • Aug 25, 2015 4:16pm Aug 25, 2015 4:16pm
Quoting turnip15
@Billytt E/J Daily break update -Seems to be forming Inside bar at time of writing at 23.16 hours. {image}
yes indeed Mr T, we are on an inside bar. OMG I just looked at dp before I comment, erm no comment lol. I assume the dp will be reached some time but I shall leave it alone... I am having fun with Claudias pair.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,637
  • Aug 25, 2015 4:24pm Aug 25, 2015 4:24pm
Cable, like E/J the dp is above the open but I would like to see Tuesday low broken and a drop to S1 woo woo, that is about 30 away, so this is my cunning plan, 2 trades , one for 5 and the second to let run to S1 IF it happens, if it retraces I shall close for +1 and be ready to re enter short.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,638
  • Aug 26, 2015 2:05am Aug 26, 2015 2:05am
and the rain is back...
Cable daily break..
The low was broken for 5 (after spread etc) my second trade got +1..
Attached Image

this is a 15 minute chart..
A = daily break.
B = the daily pivot ( dp)
c = Support 1 (s1)..

The ARROW is the 08-00 orb (open range breakout) which was good
The candle we do not speak about was good.
a good day was had ,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,639
  • Aug 26, 2015 2:07am Aug 26, 2015 2:07am
I am only showing dp and s1 as reference so people can aim for more than 5 if they want but the stats will then change.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,640
  • Aug 26, 2015 2:11am Aug 26, 2015 2:11am
I am shorting it again, so I shouldn't be here, be back
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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