Billytt Die happy trading e/j daily breakout | Page 296 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #5,901
  • Jan 6, 2016 10:37am Jan 6, 2016 10:37am
Quoting claudia1
{quote}Took half the night but we got there. {image}
​Claudia you make it look so simple. It only the great ones that can do that.
  • #5,902
  • Jan 6, 2016 10:38am Jan 6, 2016 10:38am
Quoting billytt
As a matter of interest and I have done this in the past but on 5 minute chart.. {image} I zoomed out, on the 2 minute chart you can see the levels highlighted. and they normally do break. This could help with trading the 08-00 candle... I am not trading it but this is all about learning.. Lets see what happens.. edit... I just realised that I could of used a better example, This chart I highlighted . the high and low is very close to the 4 hour candle but I hope you can see what I mean..
​Billy very informative chart Thanks for posting Keep it up and one day Ill learn All you guys are super By the way
  • #5,903
  • Jan 6, 2016 10:41am Jan 6, 2016 10:41am
Quoting tomthepoppop
{quote} ​Claudia you make it look so simple. It only the great ones that can do that.
Thank you Tom.
  • #5,904
  • Jan 6, 2016 6:53pm Jan 6, 2016 6:53pm
Quoting tomthepoppop
{quote} ​Billy very informative chart Thanks for posting Keep it up and one day Ill learn All you guys are super By the way
Thank you Tomthepoppop, Best Wishes for 2016 .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,905
  • Jan 6, 2016 7:08pm Jan 6, 2016 7:08pm
Dancing was excellent. On the 4 hour A/U looks good to long. I am not trading it but will wait until 08-00.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,906
  • Jan 6, 2016 7:14pm Jan 6, 2016 7:14pm
Quoting billytt
Dancing was excellent. On the 4 hour A/U looks good to long. I am not trading it but will wait until 08-00.
Safer on e/j it's approaching big round number should be an easy 10 or so.

Edit: lol well it tried once so far hit 97 think I wait see if it breaks above then look for the 20/30 zone.
  • #5,907
  • Jan 6, 2016 7:21pm Jan 6, 2016 7:21pm
Quoting claudia1
{quote} Safer on e/j it's approaching big round number should be an easy 10 or so.
yes indeed, I only have eyes for A/U now lol.. Actually this 00-00 4 hour candle could be good to trade after 04-00 . If the range is ok I might give it a go then again after 08-00.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,908
  • Jan 6, 2016 7:23pm Jan 6, 2016 7:23pm
Guess just bored there is no reason at all to buy or sell this at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 28 KB
  • #5,909
  • Jan 6, 2016 7:26pm Jan 6, 2016 7:26pm
we just had a spike on A/U DOWN lol, what was I saying ,,it looks good for long , yeah right!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,910
  • Jan 6, 2016 7:26pm Jan 6, 2016 7:26pm
Well I just went short on a/u judging by the beeps from pc. Billy's fault.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 29 KB
  • #5,911
  • Jan 6, 2016 7:29pm Jan 6, 2016 7:29pm
Aus had bad trade figures it seems, good trade Claudia.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,912
  • Jan 6, 2016 7:31pm Jan 6, 2016 7:31pm
Quoting billytt
Aus had bad trade figures it seems, good trade Claudia.
Didn't see that just had orders both sides. Not comfortable with it probably get out quick.

Edit: Yep out + 8 that's ok.
  • #5,913
  • Jan 6, 2016 7:33pm Jan 6, 2016 7:33pm
SO i had a question about this method. In a theoretical situation: if the previous days high is broken: we enter a buy look for a quick 5 pip profit. Then it retraces down below the previous days high. If we again break the previous days high, do we open a second trade?

by the way, great thread! I am learning a lot! happy 2016
  • #5,914
  • Jan 6, 2016 7:33pm Jan 6, 2016 7:33pm
No sign of my friend today, the one from last night who I was showing trading lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,915
  • Jan 6, 2016 7:37pm Jan 6, 2016 7:37pm
Quoting tijo45
SO i had a question about this method. In a theoretical situation: if the previous days high is broken: we enter a buy look for a quick 5 pip profit. Then it retraces down below the previous days high. If we again break the previous days high, do we open a second trade? by the way, great thread! I am learning a lot! happy 2016
Hi welcome along. Billy can answer your question I'm sure.
  • #5,916
  • Jan 6, 2016 7:38pm Jan 6, 2016 7:38pm
Quoting tijo45
SO i had a question about this method. In a theoretical situation: if the previous days high is broken: we enter a buy look for a quick 5 pip profit. Then it retraces down below the previous days high. If we again break the previous days high, do we open a second trade? by the way, great thread! I am learning a lot! happy 2016
Hello Tijo45 and welcome.. If the high /low is broken on Daily I only traded it once. I have traded it a second time but very rare. I mainly traded E/J then G/U. The break nearly always gets 5 after spread etc. It needs some skill to perfect but 5 points is something you can retire on. Best wishes for 2016..
I now trade A/U on 4 hour and this is a different set up, I will re enter on several breaks ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,917
  • Jan 6, 2016 7:41pm Jan 6, 2016 7:41pm
A/U the range of the 00-00 4 hour candle is now too long for me to trade after 04-00 So it looks like I will trade after 08-00..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,918
  • Jan 6, 2016 7:44pm Jan 6, 2016 7:44pm
Quoting tijo45
SO i had a question about this method. In a theoretical situation: if the previous days high is broken: we enter a buy look for a quick 5 pip profit. Then it retraces down below the previous days high. If we again break the previous days high, do we open a second trade? by the way, great thread! I am learning a lot! happy 2016
Also, if the high/low is broken and then it retraces straight away you can then enter a trade and make more points, You will have the retrace points plus the 5 after spread.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #5,919
  • Jan 6, 2016 7:46pm Jan 6, 2016 7:46pm
Quoting billytt
A/U the range of the 00-00 4 hour candle is now too long for me to trade after 04-00 So it looks like I will trade after 08-00..
A/U has moved 72% of its adr following the news release you mentioned. Now bounced off ds1 at 27 I'm out.
  • #5,920
  • Jan 6, 2016 7:51pm Jan 6, 2016 7:51pm
Quoting claudia1
{quote} A/U has moved 72% of its adr following the news release you mentioned. Now bounced off ds1 at 27 I'm out.
It would of been a good breakout trade if it was the 04-00 or 08-00, ok the high break was a fail but that is how I trade A/U, pile it on
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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