Billytt Die happy trading e/j daily breakout | Page 302 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #6,021
  • Jan 12, 2016 2:35am Jan 12, 2016 2:35am
Morning, I am shorting A/U but also have a counter trade on so the trade is in limbo.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,022
  • Jan 12, 2016 2:38am Jan 12, 2016 2:38am
Quoting BlazeLegion
Hi Billy My question relates to what time the breakout happened as I was watching the candle form but could not spot the breakout. Regards BL
Hi Blaze, E/J the Sunday candle, High was 12833 and Low 12764 .. The High broke Mon at 09-00 it retraced 18 before moving up +14 minus spread. The low was broke Mon at 15-30 for + 30 minus spread. The times are not exact but very close.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,023
  • Jan 12, 2016 2:40am Jan 12, 2016 2:40am
E/J...... Monday High was 12847 & Low 12731 lets see how it goes. I am not trading this. Do not forget it is getting oversold.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,024
  • Jan 12, 2016 2:44am Jan 12, 2016 2:44am
Quoting claudia1
{quote} Dax is popular as it does tend to trend well. Worth watching. With the fun and games going on in Germany it could be an interesting one to watch.
Yes indeed, Dax is not my forte' though.. What happened in Germany might make the governments think but I doubt it as we are infested with too many do gooders, but that's not trading.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,025
  • Jan 12, 2016 2:48am Jan 12, 2016 2:48am
Hi all, watch for news this morning Cable 9:30am, and JPY 10:30 AM, LATER 2:30 we have cable news Carney SPEAKS !!
Trade Well.
Attached Image
  • #6,026
  • Jan 12, 2016 2:49am Jan 12, 2016 2:49am
Quoting billytt
{quote} Yes indeed, Dax is not my forte' though.. What happened in Germany might make the governments think but I doubt it as we are infested with too many do gooders, but that's not trading.
It's not trading - but if this continues and every country closes their borders then the concept of the euro is gone and it will effectively collapse.
  • #6,027
  • Jan 12, 2016 2:52am Jan 12, 2016 2:52am
Quoting billytt
Morning, I am shorting A/U but also have a counter trade on so the trade is in limbo.
Hi Mr B, IF you get time or ( inclination even), could you elaborate a little on the reason for counter trade could it be to do with 4am 4h candle
  • #6,028
  • Jan 12, 2016 2:57am Jan 12, 2016 2:57am
Quoting claudia1
{quote} It's not trading - but if this continues and every country closes their borders then the concept of the euro is gone and it will effectively collapse.
True, I was referring to this being a trading thread not one for moaning like I just did lol, Economic migrants are good but not the free loaders.Anyway trade well...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,029
  • Jan 12, 2016 3:00am Jan 12, 2016 3:00am
Quoting claudia1
{quote}the concept of the euro is gone and it will effectively collapse.
"They" won't let that happen. "They" are using the Euro as an experiment for the (eventual) single global currency! hehe...
  • #6,030
  • Jan 12, 2016 3:00am Jan 12, 2016 3:00am
Quoting billytt
{quote} True, I was referring to this being a trading thread not one for moaning like I just did lol, Economic migrants are good but not the free loaders.Anyway trade well...
Oh ok lol sorry. Hey good to see David down here earlier.

Trying to figure e/j out it's sat on dp and has been for some time. Has to move but which way???
  • #6,031
  • Jan 12, 2016 3:02am Jan 12, 2016 3:02am
Quoting Piprader
{quote} Hi Mr B, IF you get time or ( inclination even), could you elaborate a little on the reason for counter trade could it be to do with 4am 4h candle
I think it works best on 4 hour candle. Rather than use a big stop or none at all and waiting for any bad trade to sort itself out or close a losing position which I think is stupid I will counter until the next trade set up ie,,, 12-00 candle then 04-00..
IF I am - 20 say and counter, I will always be -20 until the good trade goes in.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,032
  • Jan 12, 2016 3:05am Jan 12, 2016 3:05am
Quoting claudia1
{quote} Oh ok lol sorry. Hey good to see David down here earlier. Trying to figure e/j out it's sat on dp and has been for some time. Has to move but which way???
If in doubt draw a box has to break one way or another. Putting (nearly typed Putin) orders in just look for + 9 somewhere to make the day.
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  • #6,033
  • Jan 12, 2016 3:07am Jan 12, 2016 3:07am
Quoting leeshindig
{quote} "They" won't let that happen. "They" are using the Euro as an experiment for the (eventual) single global currency! hehe...
Probably right!
  • #6,034
  • Jan 12, 2016 3:22am Jan 12, 2016 3:22am
Quoting billytt
{quote} I think it works best on 4 hour candle. Rather than use a big stop or none at all and waiting for any bad trade to sort itself out or close a losing position which I think is stupid I will counter until the next trade set up ie,,, 12-00 candle then 04-00.. IF I am - 20 say and counter, I will always be -20 until the good trade goes in.
Thank you for your thoughts Mr B this is some thing that I am working on and will help steer me along.
  • #6,035
  • Jan 12, 2016 4:40am Jan 12, 2016 4:40am
Been calling this since thursday/friday then when it happens I'm out with 11 points
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  • #6,036
  • Jan 12, 2016 4:54am Jan 12, 2016 4:54am
Dax -if only everyday was like this
Brent Crude trending well from 8 am
E/J still waiting for a break of 4 am four hour bar (Consolidation so far)

EDIT : Dont forget peeps - Carney BOE speaks today -check your trading calendar folks !!
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every Saint has a past. Every Sinner has a Future
  • #6,037
  • Jan 12, 2016 5:08am Jan 12, 2016 5:08am
Pays to keep an eye on Cable albeit I usually look to E/J and oil/Dax
So - for those 5 minute traders out there (he knows who he is )
Note the consolidation of prior bars then break of YESTERDAYS LOW ( I know he - like me - notes previous high/lows and support etc etc)
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every Saint has a past. Every Sinner has a Future
  • #6,038
  • Jan 12, 2016 5:19am Jan 12, 2016 5:19am
Quoting claudia1
{quote} Nothing wrong with that. Cable collapsed from 3pm into London settlemen/fix clues are there for tomorrow. 4500 here we come. Might be wrong time will tell.
4500 and then some Claudia
Well done
every Saint has a past. Every Sinner has a Future
  • #6,039
  • Jan 12, 2016 5:21am Jan 12, 2016 5:21am
Quoting turnip15
Dax -if only everyday was like this Brent Crude trending well from 8 am E/J still waiting for a break of 4 am four hour bar (Consolidation so far) EDIT : Dont forget peeps - Carney BOE speaks today -check your trading calendar folks !! {image}
Carney isn't too much to worry about he'll just go on about interest rates. Now the Fed have moved he has to follow. USA owns UK and China owns USA.
  • #6,040
  • Jan 12, 2016 5:22am Jan 12, 2016 5:22am
Quoting turnip15
{quote} 4500 and then some Claudia Well done
No Mr T I got out way way way too early. Not happy.
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