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Billytt Die happy trading e/j daily breakout

  • #4,181
  • Sep 9, 2015 4:45pm Sep 9, 2015 4:45pm
[quote=Piprader;8480101]{quote} Thanks Mr B, a full answer and more ,much appreciated, Have FUN with "One man went to mow went to mow a meadow"
Nice photo, I hope the mower was switched off . I didn't make it to my friends house to mow her lawn.It has been arranged for Friday afternoon.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,182
  • Sep 9, 2015 4:50pm Sep 9, 2015 4:50pm
Quoting DavidRP
Billyt, To recover a bad trade I know you countertrade, but if you're already -20 from the first trade, what size do you use in the second to recover ? the same size and look for 20 pips instead of 5 ? or use x4 size and look again for +5 to elimate the first loss?
Hi DavidRP, I also was going to say you can adjust your stop loss , example instead of 20 use 40 OR take the loss and use higher lot sizes for the next few trades. and then revert back to normal. I am not speaking Martingale.
Different people have different feelings on how they trade. I am quite comfortable with my way..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,183
  • Sep 9, 2015 4:54pm Sep 9, 2015 4:54pm
Quoting turnip15
@Billytt Comments anyone -trade went okay unlike my hourly Cable pivot trade in next post {image}
Hi Mr T, you explained your chart quite well and I cannot really add much .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,184
  • Sep 9, 2015 5:21pm Sep 9, 2015 5:21pm
Cable, we have a some inside bars on the 4 hour chart, and a lot of movement on RSI. just saying
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,185
  • Sep 9, 2015 5:43pm Sep 9, 2015 5:43pm
Quoting turnip15
Comments welcome -it's no fun talking to myself {image}

Attached Image (click to enlarge)
Click to Enlarge Name: turnip.jpg Size: 407 KB


BB 4 Hour was first target....
If it is correction of bear trend , makes two legs up , if it makes decision to fly a bit more -- 20 SMA 4 Hour is a bump and it makes 3rd leg up

It goes 2 legs up, 2 legs down or

3 legs up and then correction 2 legs down. Any time frame. So need to feel a ritm and count legs

After three legs up usually meet a bump
  • #4,186
  • Sep 9, 2015 11:53pm Sep 9, 2015 11:53pm
Quoting RabbitWolf
{quote} {image} BB 4 Hour was first target.... If it is correction of bear trend , makes two legs up , if it makes decision to fly a bit more -- 20 SMA 4 Hour is a bump and it makes 3rd leg up It goes 2 legs up, 2 legs down or 3 legs up and then correction 2 legs down. Any time frame. So need to feel a ritm and count legs After three legs up usually meet a bump
This is good technical information RW ,, I would guess that to trade these levels you need to see triggers within the price action at the levels such as Pin bar, inside bar, Dble Hi/Lo with differing close and 00 etc, and once the trade goes your way then you have counted the legs correctly,, am I some where near L.O.L
  • #4,187
  • Sep 9, 2015 11:57pm Sep 9, 2015 11:57pm
Unfortunately I will have to miss the Mr B's ORB today as I will be out this morning, hope all goes to plan will catch up later good trading to you all
  • #4,188
  • Sep 10, 2015 1:24am Sep 10, 2015 1:24am
Quoting billytt
{quote} Hi DavidRP, I also was going to say you can adjust your stop loss , example instead of 20 use 40 OR take the loss and use higher lot sizes for the next few trades. and then revert back to normal. I am not speaking Martingale. Different people have different feelings on how they trade. I am quite comfortable with my way..
billyt thanks very much for your insights.

Regarding the stats you speak about sometimes. Could you explain some of them you look for?

thanks!
  • #4,189
  • Sep 10, 2015 2:19am Sep 10, 2015 2:19am
Hi all, excellent day with Cable , what more can I say ..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,190
  • Sep 10, 2015 2:22am Sep 10, 2015 2:22am
Cable,,, daily low for 10 -spread, 15 min ORB many pips and the other candle was good...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,191
  • Sep 10, 2015 2:28am Sep 10, 2015 2:28am
E/J Daily break ,, broke high for many.
15 min ORB DISASTER, high broke retrace to a low break and then retrace. It happens... Yes you can re enter but you will find you will be busted doing this. Just going off range stops , you would be around -40...
The secret candle,, nothing has happened but 04-00 suggests it will go down and the RSI agrees, Don't trade without a trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,192
  • Sep 10, 2015 2:30am Sep 10, 2015 2:30am
Quoting Piprader
Unfortunately I will have to miss the Mr B's ORB today as I will be out this morning, hope all goes to plan will catch up later good trading to you all
It was good to miss todays ORB if you traded E/J, it failed. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,193
  • Sep 10, 2015 2:57am Sep 10, 2015 2:57am
Quoting DavidRP
{quote} billyt thanks very much for your insights. Regarding the stats you speak about sometimes. Could you explain some of them you look for? thanks!
one stat is ,Sunday candle,, less than a 25 range can fail, Sunday has a good chance to fail anyway.( not that often though)
See if a low is triggered if it then retraces to break high, keep record.
How far was the range? another stat.
Was Trade heading for a daily pivot, This is good for compounding. another stat.
If a candle is a long way off a 20 MA and RSI agrees this is a stat. REMEMBER I do not trade off 20 ma and RSI. It is like speeding down the motorway on bike and a sign says BEND IN ROAD , you don't have to slow down as long as you are aware of it.
OR NO STOP at all,
With a strike rate of 86% that means you can have a fail and can recoup it back knowing you will have a string of winners.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,194
  • Sep 10, 2015 3:45am Sep 10, 2015 3:45am
I did a bad thing last night, I was very tired and put 4 lots (not big) on cable to break daily low, which it did..
But I set Pc up wrong lol and ended up with +30 points instead of 8 due to retrace,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,195
  • Edited 7:02pm Sep 10, 2015 1:06pm | Edited 7:02pm
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Scary line i am out.... 50 % fib too
  • #4,196
  • Sep 10, 2015 3:17pm Sep 10, 2015 3:17pm
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every Saint has a past. Every Sinner has a Future
  • #4,197
  • Sep 10, 2015 4:17pm Sep 10, 2015 4:17pm
Hi all, a new day to trade. E/J is already very close to breaking Thur high....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,198
  • Sep 10, 2015 6:03pm Sep 10, 2015 6:03pm
Quoting turnip15
{image}{image}{image}
Hi Turnip, you are a very busy person posting these charts and very educating too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,199
  • Sep 10, 2015 6:04pm Sep 10, 2015 6:04pm
E.J daily break, the high has been broken.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #4,200
  • Edited Sep 11, 2015 6:45am Sep 10, 2015 6:47pm | Edited Sep 11, 2015 6:45am
Quoting Piprader
{quote} Hi RabbitWolf, this is very interesting what you say here and I would like to try .....
Sorry was busy, did not answer this..
The indicator .. will send you link, need your email. My email on the bottom of my blog. Indicator is available free on internet, but i do not want to clutter this thread. Indicator is not a holy grail, but it may help a bit...

P.S. Note... i do not sell anything and do not teach anything...

Billy have good Friday ! The date is 09 11 ( so it was ............ scary date in American history )
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