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Billytt Die happy trading e/j daily breakout

  • #5,381
  • Oct 28, 2015 2:19am Oct 28, 2015 2:19am
Quoting claudia1
{quote} 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.
Thanks Claudia and yes what you say make's a lot of sense, getting to know one pair and its quirks so to speak I am picking up good things here it's a good place to be, I have been trading on and off 5 years mainly scalping Levels sup/res but not with consistent success I seem to get in too early get stopped and then price go in the direction I had my trade, this is some thing I am working on and wooo ooo how I can make a bad trade good, LOL.
  • #5,382
  • Oct 28, 2015 3:41am Oct 28, 2015 3:41am
Got a short on e/j from overnight which is negative right now but no problems. Will add to that if it bounces up and start averaging out.

Cable is just going nowhere got orders in above/below 4h high/low.

SPX500 worth a look at on daily - been stuck in the same area for a few days. Indicates a big move around the corner. Which way??? Suspect more up that's the way it's been going for about 7 years or so - check out the monthly.

@ Mr T - 175 move on G/N overnight missed that. How's 4h testing going?
  • #5,383
  • Oct 28, 2015 3:48am Oct 28, 2015 3:48am
"Billy Bar" strikes again on 15 minute. (Note price is approaching Tuesdays Low)
On Daily. Cable is, at present, an Inside Bar within Tuesdays' range.
Attached Image (click to enlarge)
Click to Enlarge Name: CableWeds15.jpg Size: 280 KB
every Saint has a past. Every Sinner has a Future
  • #5,384
  • Oct 28, 2015 3:53am Oct 28, 2015 3:53am
Quoting turnip15
"Billy Bar" strikes again on 15 minute. (Note price is approaching Tuesdays Low) On Daily. Cable is, at present, an Inside Bar within Tuesdays' range. {image}
Cable's stuck at 300 with no idea what to do. Keeping away for time being. Dax is looking interesting moving north again.
  • #5,385
  • Oct 28, 2015 3:57am Oct 28, 2015 3:57am
Quoting claudia1
Got a short on e/j from overnight which is negative right now but no problems. Will add to that if it bounces up and start averaging out. Cable is just going nowhere got orders in above/below 4h high/low. SPX500 worth a look at on daily - been stuck in the same area for a few days. Indicates a big move around the corner. Which way??? Suspect more up that's the way it's been going for about 7 years or so - check out the monthly. @ Mr T - 175 move on G/N overnight missed that. How's 4h testing going?
Morning Claudia, I have 2 questions if that is ok, cable orders above /below 4h, are you placing orders 1pip above / below Hi and Low.and no.2. do you have a basic frame work for "add to" and averaging out, I am working on this at the moment and seem to end up in a hole, L.O.L.
  • #5,386
  • Oct 28, 2015 4:03am Oct 28, 2015 4:03am
Quoting turnip15
"Billy Bar" strikes again on 15 minute. (Note price is approaching Tuesdays Low) On Daily. Cable is, at present, an Inside Bar within Tuesdays' range. {image}
Hi Mr T, yes took 5 on Mr B cable 15m break. Cable a you say is on the Hour tf is inside bar, plus it is still inside 4am 4H range. Lets see.
  • #5,387
  • Oct 28, 2015 4:12am Oct 28, 2015 4:12am
Quoting Piprader
{quote} Morning Claudia, I have 2 questions if that is ok, cable orders above /below 4h, are you placing orders 1pip above / below Hi and Low.and no.2. do you have a basic frame work for "add to" and averaging out, I am working on this at the moment and seem to end up in a hole, L.O.L.
Hi Pip

1. Yep 1 above/below. Entry doesn't worry me too much as I'm happy to work my way out of a losing position. I don't use stops normally.

2. No I don't have a frame work as such. I just buy/sell what I see which is not too helpful I know. Be aware of the major levels if it breaks 00 9/10 will hit 80. If 00 holds 9/10 will hit 30.

Trade by the numbers not indicators take stops off enter a trade and leave the screen. It's so easy to close a potentially profitable trade as it goes against you short term. We all been there.

I post some live trades next week if you want.
  • #5,388
  • Oct 28, 2015 4:18am Oct 28, 2015 4:18am
Quoting claudia1
{quote} Hi Pip 1. Yep 1 above/below. Entry doesn't worry me too much as I'm happy to work my way out of a losing position. I don't use stops normally. 2. No I don't have a frame work as such. I just buy/sell what I see which is not too helpful I know. Be aware of the major levels if it breaks 00 9/10 will hit 80. If 00 holds 9/10 will hit 30. Trade by the numbers not indicators take stops off enter a trade and leave the screen. It's so easy to close a potentially profitable trade as it goes against you short term. We all been there. I post some...
Thanks Claudia, that's great information, really helpful, and a Massive yes if you would post some live trades next week.You made my day.
  • #5,389
  • Oct 28, 2015 5:45am Oct 28, 2015 5:45am
Scraping around trying to find anything to buy/sell which is not a good idea. G/J on 4H looking interesting.
  • #5,390
  • Oct 28, 2015 5:53am Oct 28, 2015 5:53am
USD/CAD looks like ready to do something. Boring day need some news.
  • #5,391
  • Oct 28, 2015 6:03am Oct 28, 2015 6:03am
Cable broke 4h box
  • #5,392
  • Oct 28, 2015 6:55am Oct 28, 2015 6:55am
Quoting claudia1
Got a short on e/j from overnight which is negative right now but no problems. Will add to that if it bounces up and start averaging out. Cable is just going nowhere got orders in above/below 4h high/low. SPX500 worth a look at on daily - been stuck in the same area for a few days. Indicates a big move around the corner. Which way??? Suspect more up that's the way it's been going for about 7 years or so - check out the monthly. @ Mr T - 175 move on G/N overnight missed that. How's 4h testing going?


G/N still ranging within high and low of 4 am to 8 am- priced popped out of low just now but didn't close outside of the Low -so no trade so far Claudia ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd4Hour.jpg Size: 304 KB
every Saint has a past. Every Sinner has a Future
  • #5,393
  • Oct 28, 2015 7:01am Oct 28, 2015 7:01am
Quoting turnip15
{quote}[/color] G/N still ranging within high and low of 4 am to 8 am- priced popped out of low just now but didn't close outside of the Low -so no trade so far Claudia ? {image}
Not on g/n. I'm short cable and got 3 shorts on e/j which is a bit messy.
  • #5,394
  • Oct 28, 2015 7:10am Oct 28, 2015 7:10am
E/J 15 minute update.
Billy bar stopped out for small profit
Longs doing okay
Latest long in danger of stopping out for loss but wait and see. (Due to earlier profit I am prepared to let price retrace entire bar)
Like Claudia says -keep fingers away from the screen

Edit : Update =stopped out for small loss
Attached Image (click to enlarge)
Click to Enlarge Name: EJLatest.jpg Size: 294 KB
every Saint has a past. Every Sinner has a Future
  • #5,395
  • Edited 7:28am Oct 28, 2015 7:13am | Edited 7:28am
Lunch time

Oops nearly forgot oil chart
cya later
Attached Image (click to enlarge)
Click to Enlarge Name: BrentWeds.jpg Size: 271 KB
every Saint has a past. Every Sinner has a Future
  • #5,396
  • Oct 28, 2015 7:34am Oct 28, 2015 7:34am
Quoting claudia1
{quote} Not on g/n. I'm short cable and got 3 shorts on e/j which is a bit messy.
My e/j was okay after the "Billy Bar" short was closed for a few meager pips. The following long was okay.
I am only on 15 minute E?J and Brent my normal daily poison.
Lunch now and maybe see the dentist -a person whom I dread
every Saint has a past. Every Sinner has a Future
  • #5,397
  • Oct 28, 2015 7:42am Oct 28, 2015 7:42am
Quoting claudia1
{quote} Not on g/n. I'm short cable and got 3 shorts on e/j which is a bit messy.
@Claudia
4 hour Cable shown on 15 minute time frame chart
Attached Image (click to enlarge)
Click to Enlarge Name: ClaudiaCable.jpg Size: 277 KB
every Saint has a past. Every Sinner has a Future
  • #5,398
  • Oct 28, 2015 8:12am Oct 28, 2015 8:12am
One of life's many mysteries
Attached Image
every Saint has a past. Every Sinner has a Future
  • #5,399
  • Oct 28, 2015 8:23am Oct 28, 2015 8:23am
Quoting turnip15
One of life's many mysteries {image}
I think he's been Rumbled.
Attached Image
  • #5,400
  • Oct 28, 2015 8:29am Oct 28, 2015 8:29am
Quoting turnip15
{quote} @Claudia 4 hour Cable shown on 15 minute time frame chart {image}
Not having a good day so far but long way to go.
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