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Billytt Die happy trading e/j daily breakout

  • #5,361
  • Oct 27, 2015 5:15am Oct 27, 2015 5:15am
Quoting turnip15
{quote} I wonder if that big green candle to left of arrow will contain price until a break either way. A time of writing price is biased up ? {image}
Yes -is the short answer. I did not trade it but I am curious as to why it is "drifting" and what is required to give it some momentum again ?
Perhaps 9.30 things will happen?

I think on the daily price is contained (Inside Candles/Bars) within the limits of the candle on the 23rd?
every Saint has a past. Every Sinner has a Future
  • #5,362
  • Oct 27, 2015 5:45am Oct 27, 2015 5:45am
Quoting Piprader
{quote} Hi Claudia, can I ask you,would you be waiting for a pullback to the Pivot or would you be looking to short at the low of your box, or a break of the next 15m bar after a close on the 15m above or below the pivot. Hope you don't mind the question.
Hi Pip. Ask away - yep was looking for a pull back to the pivot/50 area which we got. Took a short on the break of the box for around 8. On the box I look for a break of the 15 min.

Ideally should have put a short order in at 50 but didn't.

Next target for me is see if it falls back to the 20 zone then start targeting the 00. Out at the moment.
  • #5,363
  • Oct 27, 2015 5:53am Oct 27, 2015 5:53am
Quoting claudia1
{quote} Hi Pip. Ask away - yep was looking for a pull back to the pivot/50 area which we got. Took a short on the break of the box for around 8. On the box I look for a break of the 15 min. Ideally should have put a short order in at 50 but didn't. Next target for me is see if it falls back to the 20 zone then start targeting the 00. Out at the moment.
Thank you Claudia, this is good info taking it on board.
  • #5,364
  • Oct 27, 2015 6:37am Oct 27, 2015 6:37am
Cable setting up nicely for a play at 00 will wait until 12.30 US news release see where we going from there. Being unusually cautious lol.
  • #5,365
  • Oct 27, 2015 7:48am Oct 27, 2015 7:48am
Quoting claudia1
Cable setting up nicely for a play at 00 will wait until 12.30 US news release see where we going from there. Being unusually cautious lol.
Price action around pivot -hindsight markings for discussion ?
Attached Image (click to enlarge)
Click to Enlarge Name: Pivotgbp15.jpg Size: 324 KB
every Saint has a past. Every Sinner has a Future
  • #5,366
  • Oct 27, 2015 8:06am Oct 27, 2015 8:06am
@Claudia1
@Billytt

Psssst.......Zee magic candle on Cable....he do okay
every Saint has a past. Every Sinner has a Future
  • #5,367
  • Oct 27, 2015 8:35am Oct 27, 2015 8:35am
Quoting turnip15
{quote} Price action around pivot -hindsight markings for discussion ? {image}
Yep its going to try 00 I'm in should wait a bit but that spike on the hour ........................
  • #5,368
  • Oct 27, 2015 8:40am Oct 27, 2015 8:40am
Oil update -Done for now -tired.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #5,369
  • Oct 27, 2015 8:46am Oct 27, 2015 8:46am
Quoting turnip15
Oil update -Done for now -tired. {image}
lol you been running round the New Forest trying to find William??
  • #5,370
  • Oct 27, 2015 8:53am Oct 27, 2015 8:53am
Quoting claudia1
{quote} Yep its going to try 00 I'm in should wait a bit but that spike on the hour ........................
Yes -me thinks you are right- a little bounce but then resumed its' downtrend (Downward sloping ma which I failed to take into account) and 00 seems to be support .
Viz. On the hourly that Tail on the pin to the left matches the low support on the 25 th ?
Attached Image (click to enlarge)
Click to Enlarge Name: Cableafternoonhour.jpg Size: 272 KB
every Saint has a past. Every Sinner has a Future
  • #5,371
  • Oct 27, 2015 8:55am Oct 27, 2015 8:55am
Quoting turnip15
{quote} Yes -me thinks you are right- a little bounce but then resumed its' downtrend (Downward sloping ma which I failed to take into account) and 00 seems to be support . Viz. On the hourly that Tail on the pin to the left matches the low support on the 25 th ? {image}
Out +14 add to earlier win + e/j more than happy for the day.

Edit: this has got some way to go depending on US news in a few minutes. Day range is only 45% 20 adr. See what next hour brings might go back in 15.00 as yesterday.
  • #5,372
  • Oct 27, 2015 8:57am Oct 27, 2015 8:57am
Quoting claudia1
{quote} lol you been running round the New Forest trying to find William??
I've found him in the wood talking to some youth
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every Saint has a past. Every Sinner has a Future
  • #5,373
  • Oct 27, 2015 9:01am Oct 27, 2015 9:01am
Quoting turnip15
{quote} I've found him in the wood talking to some youth {image}
wonder what the lurkers make of all this and where's Bunny.
  • #5,374
  • Oct 27, 2015 9:03am Oct 27, 2015 9:03am
Quoting claudia1
{quote} Out +14 add to earlier win + e/j more than happy for the day. Edit: this has got some way to go depending on US news in a few minutes. Day range is only 45% 20 adr. See what next hour brings might go back in 15.00 as yesterday.
Me too.
Time to chill out for a while.
Attached Image
every Saint has a past. Every Sinner has a Future
  • #5,375
  • Oct 27, 2015 9:16am Oct 27, 2015 9:16am
Quoting turnip15
{quote} Me too. Time to chill out for a while. {image}
Out too early as always hit 00 then some more. Cheers Mr T.
  • #5,376
  • Oct 27, 2015 11:29am Oct 27, 2015 11:29am
Billy and Claudia.
I am still filing charts of GBP/NZD secret candle break - it still looks worthwhile provided you keep to your stops or not afraid to jump back in if the right conditions (trend and TA etc) manifest themselves to rectify an overly hasty entry?
Worst case scenario is, "two strikes and out" maybe ?
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #5,377
  • Oct 27, 2015 1:22pm Oct 27, 2015 1:22pm
Quoting claudia1
{quote} Yep its going to try 00 I'm in should wait a bit but that spike on the hour ........................
Great result Claudia, I was hoping to follow you today with Cable but I had to go out unfortunately.
I am picking up that you have a lot of experience AND PATIENCE, ie, wait for the pullback and recognizing the time of day is important, I can be a little quick off the mark so this is an area that I need to work on.Green pips to you and Cheers to you Mr T.
  • #5,378
  • Edited 2:12pm Oct 27, 2015 1:59pm | Edited 2:12pm
Quoting Piprader
{quote} Great result Claudia, I was hoping to follow you today with Cable but I had to go out unfortunately. I am picking up that you have a lot of experience AND PATIENCE, ie, wait for the pullback and recognizing the time of day is important, I can be a little quick off the mark so this is an area that I need to work on.Green pips to you and Cheers to you Mr T.
Thanks. Time of day/news releases all important. Patience is important.

Been trading fx for a long long long time (shut up Billy) both institutional and retail. I would say just pick one pair and get to know it (T has done this with oil)

Billy's original system on e/j daily is well worth looking in to it works if you let it. But don't follow anyone make your own system/strategy far more rewarding long term - if that makes sense.
  • #5,379
  • Oct 27, 2015 6:39pm Oct 27, 2015 6:39pm
Billly's taking some well earned time out so let's carry on. E/J for tomorrow daily break. Got orders in both sides of the box - be amazed if it goes through the top. Right on 20 day adr and holding below 00. Says more down to me the 4h gives good clues.
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  • #5,380
  • Oct 27, 2015 7:09pm Oct 27, 2015 7:09pm
Cable looking weak opened under dp. No news today that might help it. Back to yesterday's low I guess. Wont touch it until London open.
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