Billytt Die happy trading e/j daily breakout

Lastly -an update on E/J that began with a "Billy Bar" trade

Back next week- Have a good week end all

Hi, I actually had a look at the charts , nothing new nearly all winners lol.
I will update my stats soon ie daily break E/J and Cable.
Even though I have not traded... the 1 hour candle trades at 00-00 and 07-00 A/U remain good not sure about the 12-00 as I did not look. The secret candles remain good too shhhhhhhhhhh, be good.

Mr T, what about Friday? and did you fill out a holiday form and hand it to Miss for approval.

lol I will have to refer this misconduct to Mrs T.

Supposed to be going to races at Uttoxeter wherever that is. Nice day for it think I'll hide.

Missed a nice break on g/n daily.

@Billytt
@Claudia1
Billy I got a pass from Mrs T.

No trading today -Mrs T and I are out shopping and then getting some artist supplies such as paint etc. And then lunch ( I go anywhere provided there is a cafe or lunch available.)

Uttoxeter ? http://www.uttoxeter-racecourse.co.u...-october-2015/

Billy -I'm interested in those stats -especially the 7 am ( I also like the magic time period on E/J). Counter intuitive isn't it - the less pips you strive for, results in more profit. It is said the Turtles had a very low winning percentage, but that when they won they won big. But be honest, how many traders ( A Loose term) on FF could tolerate big draw downs on a real account? I couldn't, but I an happy snaffling five to ten pips a trade on set ups that result in higher win rates. Even oil, where I do okay on a low time frame, I always look at preserving ten pips profit. Being human it doesn't always work because I, at times , watch a trade reverse because I was "hoping" it would go further. The discipline of using ORB etc mean that a trade wins or loses on that static set up. If it loses you go away and come back the next day. It's not whether you win or lose a particular trade but how you fare over a number of trades (edge), That's why Billy etc compile and study statistics.
When I get back I am compiling some charts for the study folder. It's in bit of a mess at the moment with four hour and one set ups all mixed together. At least the 8 am orb are neatly presented.
It's p...p...p...p...pouring with rain here but looking forward to a cuppa in Cambridge.

Hi all,

I have really come to focus on the previous day's high and low and it's now the most important tool in my trading. Here is an example of a solid 2:1 trade from this morning on the USDJPY. I like to enter on the M15 timeframe, I prefer waiting for a break and retest but the candle breaking yesterdays low was too good not to enter.

Everyone here have a good weekend, you're all a friendly bunch on this thread I enjoy reading your posts..

Regards,

EDIT: Lines on chart are previous days high and low

[quote=Gareth22;8567245]Hi all, I have really come to focus on the previous day's high and low and it's now the most important tool in my trading.
Hello Gareth and welcome, It seems you have a decent approach to trading the daily break, maybe we can learn new things... Keep posting and ask questions. I will be around but am quiet at the moment but the boys and girls here will help, trade well

Hi welcome along our journey. Billy might be quiet but Mr T and I wont.

Trade well all,

Top ert Morning Mr B

Hi guys we have CABLE News at 9:30.

Cable should go higher meaning a break of Friday's high and test 5500. Got orders in to buy and sell as usual above/below overnight levels.

We will see. Need a good day just got a £400 phone bill omg.

Thanks for your thoughts Claudia.

@ William - which way for e/j ??? Orders in just above/below Friday's high/low (I ignore Sunday)

g/n on the 1h looks like might be ready for a tumble - for the brave only. I be quiet now.

Seems like some selling on London open just wait and see. I got orders either way so .......... daily pivot sat just above the 5400 which is interesting. One of the 00's will get hit just which one lol. The news as you mentioned will give the clues.

@Billy - a/u broke Friday high missed it watching too many things including equities.