Billytt Die happy trading e/j daily breakout | Page 280 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #5,581
  • Nov 4, 2015 3:08am Nov 4, 2015 3:08am
EURCAD 1hr pin bar off yesterday's low. Trying to get a retrace on it so my 2x profit target has a greater chance of being hit. I prefer going short below the low and long above the high but this seems a good rejection.

There's nothing worse than posting a live trade that turns into a loser but we will see! I've had a decent week so far so I'm just letting the probabilities play themselves out.

Good trading everyone
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  • #5,582
  • Nov 4, 2015 3:20am Nov 4, 2015 3:20am
Quoting Gareth22
EURCAD 1hr pin bar off yesterday's low. Trying to get a retrace on it so my 2x profit target has a greater chance of being hit. I prefer going short below the low and long above the high but this seems a good rejection. There's nothing worse than posting a live trade that turns into a loser but we will see! I've had a decent week so far so I'm just letting the probabilities play themselves out. Good trading everyone {image}
Hi Gareth good to see here and posting your ideas, we all have trades go bad so no shame if it does green pips to you
  • #5,583
  • Nov 4, 2015 3:41am Nov 4, 2015 3:41am
Quoting Piprader
{quote} What can I say Mr B . If you get time later it would be good to see how you approached the fix on your trade.
Morning from a very sleepy person, First, the A/U 00-00 hour trade isn't actually a fix trade as I actually trade the high/low breaks BUT it is very similar to how I do fix bad trades (slight contradiction sorry).
This morning we had the 00-00 candle with a range of 16 .. I shorted the break of low but it retraced up so I then longed it on the break of high with 2 lots, one lot carried/hedged the short and the second lot was for gain. We could of had problems on the 00 but it played well for 00 + 20...This sort of trading is not for the faint hearted lol.
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A = 00-00 candle
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,584
  • Nov 4, 2015 3:57am Nov 4, 2015 3:57am
Quoting billytt
{quote} Morning from a very sleepy person, First, the A/U 00-00 hour trade isn't actually a fix trade as I actually trade the high/low breaks BUT it is very similar to how I do fix bad trades (slight contradiction sorry). This morning we had the 00-00 candle with a range of 16 .. I shorted the break of low but it retraced up so I then longed it on the break of high with 2 lots, one lot carried/hedged the short and the second lot was for gain. We could of had problems on the 00 but it played well for 00 + 20...This sort of trading is not for the...
Thank you Mr B, this is great stuff again , I did take the Aud Usd 8am 15m ORB this morning, but it was a struggle with the little man on my shoulder saying your selling into 00 and as price moved towards the 00 it was making a meal of it just to add to my lack of confidence..... But ... it was all good and more besides .. as you said yesterday with the ORB just go with it. Big thank you to you Sir. Not seen Claudia for a while hope all is well
Oh and for you Mr B
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  • #5,585
  • Nov 4, 2015 4:17am Nov 4, 2015 4:17am
[quote=Piprader;8574198]{quote} Thank you Mr B, this is great stuff again , I did take the Aud Usd 8am 15m ORB.....
Yes,, the 00 is quite tricky at times, You can enter a trade about 15 before it and close 15/30 after OR sometimes it bounces off the 00 so you need a decent stop if used. I prefer not to look at the 00 lol.. You will see a lot of contradictions in trading..So have a good plan/method and stick to it and keep stats..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,586
  • Nov 4, 2015 4:30am Nov 4, 2015 4:30am
Dancing tonight woo woo
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,587
  • Nov 4, 2015 4:34am Nov 4, 2015 4:34am
[quote=billytt;8574234]
Quoting Piprader
{quote} Thank you Mr B, this is great stuff again , I did take the Aud Usd 8am 15m ORB..... Yes,, the 00 is quite tricky at times, You can enter a trade about 15 before it and close 15/30 after OR sometimes it bounces off the 00 so you need a decent stop if used. I prefer not to look at the 00 lol.. You will see a lot of contradictions in trading..So have a good plan/method and stick to it and keep stats..
Taking all on board Mr B, I believe you have said many times Keep Stats because they will give confidence and a probability to the outcome either way, should price go with you or against you, so its keep to the plan and :nerd:get the stats. .
  • #5,588
  • Nov 4, 2015 4:39am Nov 4, 2015 4:39am
Quoting billytt
Dancing tonight woo woo
Have Fun tonight, sure you will.
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  • #5,589
  • Nov 4, 2015 4:56am Nov 4, 2015 4:56am
Plenty of USD news from 1PM TO 3PM today could be volatile
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  • #5,590
  • Nov 4, 2015 5:16am Nov 4, 2015 5:16am
Quoting Piprader
Plenty of USD news from 1PM TO 3PM today could be volatile {image}
that made me laugh
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,591
  • Nov 4, 2015 8:44am Nov 4, 2015 8:44am
Eur / Jpy Mr B's, Mother Bar Daily Break closed both trades for 10 inc spread each, Thanks to you Mr B.
Yellen Testifies at 3pm so all closed
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  • #5,592
  • Nov 4, 2015 10:58am Nov 4, 2015 10:58am
Long Day -At least oil made money but hard work today all round.
E/J a lose for me today
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every Saint has a past. Every Sinner has a Future
  • #5,593
  • Nov 4, 2015 11:06am Nov 4, 2015 11:06am
For my research folder :

Four AM breaks were not good today.

@Billytt -if I am making any tactical errors here I would be glad of a comment ?
If trading these breaks I would wait with a trading stop just above/below the high/Low of the 4 am bar period, then aim for ten after a break.
Is this correct ?
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every Saint has a past. Every Sinner has a Future
  • #5,594
  • Nov 4, 2015 2:07pm Nov 4, 2015 2:07pm
Quoting turnip15
For my research folder : Four AM breaks were not good today. @Billytt -if I am making any tactical errors here I would be glad of a comment ? If trading these breaks I would wait with a trading stop just above/below the high/Low of the 4 am bar period, then aim for ten after a break. Is this correct ? {image} {image}
4 am breaks played out later in day. E/U, G/U , E/J. Always going ro be a funny day with ECB guy on early then Janet on at 15.00. On top of that Forbes annouced Mr Putin as most powerful man in the world. Think he knew that already.

Oil has to go up even the Kuwaitis have been saying it's bottomed out. BP price up around 10 percent in last four weeks. Doesn't matter when day trading but interesting.
  • #5,595
  • Edited 3:24pm Nov 4, 2015 2:30pm | Edited 3:24pm
Cable on 4h. Temporary support whilst we have another run north?

Other pound based pairs have strong buying (g/n and g/j ones I'm looking at) - might jusl pull cable along for the ride.

Some goods clues in there. Missed a few good moves on g/n. Don't like g/j too much.

Love sports betting and got a double about to come in wo0 hoo lol.
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  • #5,596
  • Nov 4, 2015 3:38pm Nov 4, 2015 3:38pm
Hi guys. just been catching up on some posts from last few days. Whats the strategy you implement on the 4hour chart I noticed you talking about?

Has anyone ever played around with weekly charts? Could do the break of week high/low?
  • #5,597
  • Nov 4, 2015 3:38pm Nov 4, 2015 3:38pm
Quoting claudia1
{quote} 4 am breaks played out later in day. E/U, G/U , E/J. Always going ro be a funny day with ECB guy on early then Janet on at 15.00. On top of that Forbes announced Mr Putin as most powerful man in the world. Think he knew that already. Oil has to go up even the Kuwaitis have been saying it's bottomed out. BP price up around 10 percent in last four weeks. Doesn't matter when day trading but interesting.
Thanks Claudia -schoolboy errors on my part by overlooking those events. One of those days, in view of the above, it would have been easier to have stayed away.
every Saint has a past. Every Sinner has a Future
  • #5,598
  • Nov 4, 2015 3:42pm Nov 4, 2015 3:42pm
and also - does anyone use HA candles and trade the break of trend? say for example the chart attached (Cable daily)
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  • #5,599
  • Nov 4, 2015 3:45pm Nov 4, 2015 3:45pm
Quoting jmillard26
Hi guys. just been catching up on some posts from last few days. Whats the strategy you implement on the 4hour chart I noticed you talking about? Has anyone ever played around with weekly charts? Could do the break of week high/low?
Depends what you using fx for. To me no but I do look at monthly charts on equities for longer term investment purposes.
  • #5,600
  • Nov 4, 2015 3:51pm Nov 4, 2015 3:51pm
uuuuu
Quoting jmillard26
and also - does anyone use HA candles and trade the break of trend? say for example the chart attached (Cable daily) {image}
Agaun no. I'm just looking for a quick move and around 20 pips a day. I justl look for important levels and break out whatever. I do iuderstand what where you coming from though.
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