Billytt Die happy trading e/j daily breakout | Page 202 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #4,021
  • Sep 4, 2015 11:23am Sep 4, 2015 11:23am
Quoting RabbitWolf
{quote} OMG .............i see a line... on Claudias chart {image} See if horizontal line does anything.... shhhhh.... i am not trading it... https://youtu.be/Hh7LZ3DOT80 Have Good Weekend ! Yep Down Jones went opposite direction too... {image}
I know I should have deleted that before you turned up
  • #4,022
  • Sep 6, 2015 12:21pm Sep 6, 2015 12:21pm
Hi all, Nearly open time again. Holiday in the States tomorrow but I am sure we will have some movement, Not sure yet if I will be trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,023
  • Edited 3:29pm Sep 6, 2015 2:26pm | Edited 3:29pm
Quoting claudia1
{quote} I know I should have deleted that before you turned up
Big PPs Cable

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E/J
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Have good week !
  • #4,024
  • Sep 7, 2015 12:19am Sep 7, 2015 12:19am
Hi all, we have a lovely morning here and a good start to week with cable....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,025
  • Sep 7, 2015 12:22am Sep 7, 2015 12:22am
[quote=RabbitWolf;8475568]{quote} Big PPs Cable

Hi Bunny, are you suggesting Cable is going up, I have been pinged and cannot answer lol.
I did long it myself off a previous candle but that is it, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,026
  • Sep 7, 2015 12:24am Sep 7, 2015 12:24am
Cable 15 min ORB has just been broken long, lets see what happens. It could be a clue to help that other candle shhhhh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,027
  • Sep 7, 2015 12:35am Sep 7, 2015 12:35am
E/J Sunday break would of been good but I would never of traded it as the range was too small 18.
Fri daily candle could be a good clue for it to change trend if today stays an ib, just saying
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,028
  • Sep 7, 2015 12:46am Sep 7, 2015 12:46am
Cable
Attached Image (click to enlarge)
Click to Enlarge Name: cable trend change.PNG Size: 51 KB

daily inside bars and an outside. First chart I looked at daily trend changes off an ib or ob for hundreds of pips.. This is easy to trade off an old chart (not live) but I hope you can see how good ibs/obs are..
In a live trade you wouldn't know if a small reversal was the end and you'll think about losing profit and biting your nails,

edit.... Sunday ibs are not counted
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,029
  • Sep 7, 2015 1:02am Sep 7, 2015 1:02am
I was pinged with a good question..
Person asks ,, We are told to trade an ib with direction of trend ( a continuation) and I (and some books say) they can be the start of a trend change CORRECT.
trade the signals, trade the method, Be prepared to close trade and re enter direction off new signals.
You can make it more complicated by looking at resistance/support levels, RSI, maybe add a 100/200 MA even bollies but you may find yourself with
Attached Image

ouch.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,030
  • Sep 7, 2015 1:05am Sep 7, 2015 1:05am
Quoting billytt
Cable {image} daily inside bars and an outside. First chart I looked at daily trend changes off an ib or ob for hundreds of pips.. This is easy to trade off an old chart (not live) but I hope you can see how good ibs/obs are.. In a live trade you wouldn't know if a small reversal was the end and you'll think about losing profit and biting your nails, edit.... Sunday ibs are not counted
e/j nice move - ea picked that up.

g/u break off 4 hour would have been good but missed that. Still looking for 20 somewhere no idea where but would like to see it break dp and 00 to continue south.
  • #4,031
  • Sep 7, 2015 1:17am Sep 7, 2015 1:17am
Quoting claudia1
{quote} e/j nice move - ea picked that up. g/u break off 4 hour would have been good but missed that. Still looking for 20 somewhere no idea where but would like to see it break dp and 00 to continue south.
Hi Claudia,, I assume you traded off the Sunday Candle, nice one..
that other candle you mentioned shhhhhhhhhhhhh I had it
It could well break up as you say to 00 and that would be ideal but I might prefer to see it hit Fri high which was 15276 a modest 24 below the 00 lol

edit, I think I misread your post but I will stick to what I wrote re Cable.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,032
  • Sep 7, 2015 1:23am Sep 7, 2015 1:23am
If I were still in Cable long I would keep it open but I wouldn't actually enter a long right now as I have no trigger only RSI showing over sold and that isn't a cert
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,033
  • Edited 4:03am Sep 7, 2015 1:47am | Edited 4:03am
Quoting billytt
I was pinged with a good question.. Person asks ,, We are told to trade an ib with direction of trend ( a continuation) and I (and some books say) they can be the start of a trend change CORRECT. trade the signals, trade the method, Be prepared to close trade and re enter direction off new signals. You can make it more complicated by looking at resistance/support levels, RSI, maybe add a 100/200 MA even bollies but you may find yourself with {image} ouch.

I am not giving any signals, i already got in trouble for my Friday post, .....but i posted Cable chart with hints in it. Weekly Central Pivot shows up on Monday.... Bla Bla Bla... and if we going against trend, it is not going straight line up. All i know that Monthly Central was never tested, but it is far away...
so just watch for Pivots, Monthly Open, Monthly Low... Fibs....


Edit: Watch for 4 hour BB top, if it will go more up....
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Coming to Pivot...
  • #4,034
  • Sep 7, 2015 1:53am Sep 7, 2015 1:53am
Dear Billyt

First of all i spend the last 48h almost non stop to try to understand your thread, and is should say it makes sense .... i like especially the fact that there is no indicator on your charts.(price action only)
I' m very interested by the fact that discipline its the only key element in your trading approach, also your couter trade technique that make sense to me , and i have a question about your compounding technique . correct me if my wrong my understanding about the sequence you use is basically a 1 1 2 4 8 to save a position if the price is not going against you .
Please understand that i'm very sensitive to risk management for the last 10 years , and not in the very common way , i scale in and scale out everyday my open positions on a risk based % with a ''floating SL'' .
i define at the opening of my position a maximum and a minimum % of risk exposure.
will be pleased if you can spare some time to share your thoughts on compounding an existing winning position.

Landsat
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #4,035
  • Sep 7, 2015 1:58am Sep 7, 2015 1:58am
Quoting RabbitWolf
{quote} I am not giving any signals, i already got in trouble for my Friday post, .....but i posted Cable chart with hints in it. Weekly Central Pivot shows up on Monday.... Bla Bla Bla... and if we going against trend, it it not going straight line up. All i know that Monthly Central was never tested, but it is far away... so just watch for Pivots, Monthly Open, Monthly Low... Fibs.... {image} Coming to Pivot...
ok, thank you, I am still lost though, not to worry
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,036
  • Sep 7, 2015 1:59am Sep 7, 2015 1:59am
[quote=landsat;8476109]Dear Billyt First of all i spend the last 48h almost non stop to try to understand your thread, and is should say it makes sense .... i like especially the fact that there is no indicator on your charts.(price action only) I'
Hello Landsat and welcome, I will explain and try to keep it simple and readable
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,037
  • Sep 7, 2015 2:06am Sep 7, 2015 2:06am
Landsat, I do contradict myself. I post things in here sometimes without giving the full story.
Mainly I always look for 5 pips on my first trade but sometimes I actually take 6 (an extra 20%) I am sure I always say that is 40%) duh.
Compounding is a different ball game as they say. To compound the way I did you would need a massive bank roll but I will try and show you the way.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,038
  • Sep 7, 2015 2:17am Sep 7, 2015 2:17am
Landsat, Compound 1-2 ,,2-4,,4-8,,8-16 +
you can start adding on with extra trades which is better than closing a trade then re entering by doubling up.
You need to keep stats for the daily range , hopefully get it at the bottom of the range and go for 100 points.
This is where you need to have patience and wait for the trades ..
First contradiction.. You can compound over a second or third day +, instead of waiting for the 100 point moves look for a 60.
You need a good method with a good strike rate

edit, I just changed 50 to 60
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,039
  • Sep 7, 2015 2:23am Sep 7, 2015 2:23am
Landsat, instead of placing a trade and closing at +60. Compound it every 20 points so
20 + 20= 40...
40 +40 = 80...
80+80 =160..
so you have 160 points instead of 60 EASY... not...
That is using a 20 stop..
This sort of trading can give you heart failure and it isn't for the nervous
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,040
  • Sep 7, 2015 2:30am Sep 7, 2015 2:30am
Try compounding 2 or 3 trades then start from beginning again but with a slightly bigger lot size,
I shouldn't say this but if you have a good strike rate and you are compounding example 3 trades ..
so instead of looking for 60 points you'll make 160 as I have said.
If the 1st or 2nd trade fails, do the next trade as if it had not of happened (SERIOUSLY) Same principle as lending money from a bank..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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