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Billytt Die happy trading e/j daily breakout

  • #6,441
  • Jan 25, 2016 4:25am Jan 25, 2016 4:25am
Quoting turnip15
Psst - Mrs T. is looking over my shoulder at the Brent trade profit/loss column
Lol, that is what they do. Wait until she sees the name Claudia yay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,442
  • Jan 25, 2016 4:29am Jan 25, 2016 4:29am
Quoting billytt
{quote} Lol, that is what they do. Wait until she sees the name Claudia yay
lol send her shopping Mr T.
  • #6,443
  • Jan 25, 2016 4:31am Jan 25, 2016 4:31am
Quoting turnip15
My DAX experiment continues - look at crosses over yellow 8ema average -seems ten and out is reasonable but care needed to be alert to drift. Concentration needed and beat times seem to be around open ? I use CCI but it all seems to come down to "For goodness sake take a position and manage it" I still use TA such as Pins -even on such a low time frame !!! Comments welcome {image}
hi Mr T, I cannot comment on low time frames as it is all noise. I know every trend change starts off with 1 pip. (acorn to mighty tree) but I think small time frame is more specialised and a it all depends on how many trades you do ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,444
  • Jan 25, 2016 4:35am Jan 25, 2016 4:35am
Quoting turnip15
Brent - big round number confluenced with pivot S3 for a short. Long earlier shown {image}
Stopped out around 3180 now long again but watching S2 because price could be stalling here and my long premature albeit just in profit ?
Look at price action around crosses of 8 ma - interesting n'est pas ?
every Saint has a past. Every Sinner has a Future
  • #6,445
  • Jan 25, 2016 4:46am Jan 25, 2016 4:46am
Quoting billytt
{quote} hi Mr T, I cannot comment on low time frames as it is all noise. I know every trend change starts off with 1 pip. (acorn to mighty tree) but I think small time frame is more specialised and a it all depends on how many trades you do ...
Yes Billy -my short experience of watching it and making demo trades is that this time frame is very attention and time consuming. To trade this live I imagine (based on my short experience) -is that you have to watch price action very, very intently-assimilate surrounding information re price levels, consolidation etc. Hence there is no time for anything else. Following on from that I conclude that you can only spend about two hours (well-I am an old git) in intense concentration on such time frame and be VERY DISCIPLINED about getting in and out using the least amount screen decoration (averages etc) as possible.
5 minute oil is a breeze in comparison of stress levels reached during trading.
I go through each Dax one minute bar noting crosses and ten pip stop, even then I find myself trying to interfere before a stop is hit thus turning possible winners into losers. My best approach so far, in experimentation, is to move bar by bar (historically) marking each bar/decision as I go before reveling following bars to reveal the veracity or otherwise, of my decision. I still have to be very aware and concentrate to avoid emotions wrecking my research with " ah but" thoughts. Discipline -like what young William has
every Saint has a past. Every Sinner has a Future
  • #6,446
  • Edited 5:32am Jan 25, 2016 5:18am | Edited 5:32am
Mr T, A/U 1 minute chart zoomed out, create time by condensing candles. look at the levels price action and they move for 10 points minus spread. I do not look at individual candles (this time scale) but perhaps they do indicate a direction..
Attached Image (click to enlarge)
Click to Enlarge Name: aumin.PNG Size: 40 KB


edit at 11-32 A/U is consolidating on the 1 minute chart for several minutes so it should break....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,447
  • Jan 25, 2016 5:33am Jan 25, 2016 5:33am
Quoting billytt
Mr T, A/U 1 minute chart zoomed out, create time by condensing candles. look at the levels price action and they move for 10 points minus spread. I do not look at individual candles (this time scale) but perhaps they do indicate a direction.. {image}
Yes -zoomed out seems to give hint as to dominant direction -I also find that an 8 ma gives an interesting insight into possible entry and exit points
EDIT: Chart added
Attached Image (click to enlarge)
Click to Enlarge Name: Billyoneminute.jpg Size: 363 KB
every Saint has a past. Every Sinner has a Future
  • #6,448
  • Jan 25, 2016 5:44am Jan 25, 2016 5:44am
Don't forget Australia has a holiday tomorrow (check time difference though) and we have Draghi speaking later for different pairs
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,449
  • Jan 25, 2016 6:21am Jan 25, 2016 6:21am
@Billytt


Thanks for reminder about news etc.

Billy - the chart shown -any comments please on how I entered. I marked the four hour range then took a trade following the first candle that broke the range?
Would you simply set a break of the level or only after the first candle that breaks the four hour range?

I forgot to add I drop to 5 minute range to manage entry after the first candle break.

Looking back the candle breaks seem to work well -even if you have to kill trades that reverse back because one often finds an entry within another four hour break ?
Attached Image (click to enlarge)
Click to Enlarge Name: BillyFourHour AUD.jpg Size: 360 KB
every Saint has a past. Every Sinner has a Future
  • #6,450
  • Jan 25, 2016 6:39am Jan 25, 2016 6:39am
[quote=turnip15;8709946]@Billytt Thanks for reminder about news etc. Billy - the chart shown -any comments please on how I entered. I marked the four hour range then took a trade following the first candle that ...
Hi. Waiting for another candle to close after the 04-00 hour candle ends is also a trading method and quite good. Same applies to 15 min ORB ie letting a candle close after the event... BUT my method is based on getting 5 after spread. If you wait for another candle to close you could actually lose that 5 (10) Using another candle can actually get you more pips but that is a different method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,451
  • Jan 25, 2016 7:07am Jan 25, 2016 7:07am
Quoting billytt
Quoting turnip15
@Billytt Thanks for reminder about news etc. Billy - the chart shown -any comments please on how I entered. I marked the four hour range then took a trade following the first candle that ... Hi. Waiting for another candle to close after the 04-00 hour candle ends is also a trading method and quite good. Same applies to 15 min ORB ie letting a candle close after the event... BUT my method is based on getting 5 after spread. If you wait for another candle to close you could actually lose that 5 (10) Using another candle can
...
Just a thought Billy -Could I set my IG chart for a automatic buy/sell alert on break of a four hour level with a five pip limit order to catch trades or do you prefer an alert then watch price action manually?
every Saint has a past. Every Sinner has a Future
  • #6,452
  • Jan 25, 2016 8:40am Jan 25, 2016 8:40am
Quoting turnip15
{quote}{quote} Just a thought Billy -Could I set my IG chart for a automatic buy/sell alert on break of a four hour level with a five pip limit order to catch trades or do you prefer an alert then watch price action manually?
I prefer an alert then trade. Mainly so I know it wasn't a spike which can happen. I do not get many alerts as I am normally awake. That is why I look so rough lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,453
  • Jan 25, 2016 9:10am Jan 25, 2016 9:10am
I do not nor did trade A/U on Daily Break only E/J and Cable..
This 12-00 A/U 4 hour candle... If the low gets triggered I shall short it. If the High triggers I will not trade it. Nothing to do with Stats but I still feel uneasy with the long.. So far the range is 60+ when it should be 100+ ( Claudia likes to speak of Daily range) we still have 9 hours of the day left though.. If we have a short range (probably ib) then usually the day after we have a good move. BUT tomorrow is Australia Holiday.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,454
  • Jan 25, 2016 10:17am Jan 25, 2016 10:17am
Brent three trades = 2 wins and one loss.
Last trade off pivot and big number
First one was a doubtful trade off a pin that crossed the 8 ma I use. Hindsight says it was risky compared to last trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Brentafternoon.jpg Size: 327 KB
every Saint has a past. Every Sinner has a Future
  • #6,455
  • Jan 25, 2016 10:22am Jan 25, 2016 10:22am
Dax experiment
Last trade might be pushing my luck with several lows to the left ?
But pleased so far
Attached Image (click to enlarge)
Click to Enlarge Name: Daxeexp.jpg Size: 341 KB
every Saint has a past. Every Sinner has a Future
  • #6,456
  • Jan 25, 2016 10:34am Jan 25, 2016 10:34am
For William, but substitute, "I was," for " I am."

Been a long day.

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #6,457
  • Jan 25, 2016 6:02pm Jan 25, 2016 6:02pm
Quoting turnip15
For William, but substitute, "I was," for " I am." Been a long day. https://www.youtube.com/watch?v=2zwwqEm5YhQ
I like it, I was only saying yesterday.If I do have another drink I shall take a fruity cider IF... No alcohol since 28th Feb 2015 yay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,458
  • Jan 25, 2016 6:05pm Jan 25, 2016 6:05pm
A/U 12-00 candle , It hit the low and made my 5 then retraced up approx. 17/18 and then went back down so i hit it again lol. That is 14 from 14 trades and 6.5% gain for the minions..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,459
  • Jan 25, 2016 6:14pm Jan 25, 2016 6:14pm
Quoting billytt
I do not nor did trade A/U on Daily Break only E/J and Cable.. This 12-00 A/U 4 hour candle... If the low gets triggered I shall short it. If the High triggers I will not trade it. Nothing to do with Stats but I still feel uneasy with the long.. So far the range is 60+ when it should be 100+ ( Claudia likes to speak of Daily range) we still have 9 hours of the day left though.. If we have a short range (probably ib) then usually the day after we have a good move. BUT tomorrow is Australia Holiday.
I spoke of the short range 9 hours ago.. It actually dropped before the day was out , I was confident once the 12-00 candle had closed and it started dropping after the small retrace..
Attached Image (click to enlarge)
Click to Enlarge Name: range.PNG Size: 34 KB
A= 04-00 candle..B= 12-00 candle and C & D the Daily range
I do not normally speak of daily range it si a bit hush hush, but at the open my figures said it was a 110 pip point and I divided it from the open. I did well...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,460
  • Edited Jan 26, 2016 12:43am Jan 25, 2016 11:30pm | Edited Jan 26, 2016 12:43am
Quoting billytt
{quote} I spoke of the short range 9 hours ago.. It actually dropped before the day was out , I was confident once the 12-00 candle had closed and it started dropping after the small retrace..{image} A= 04-00 candle..B= 12-00 candle and C & D the Daily range I do not normally speak of daily range it si a bit hush hush, but at the open my figures said it was a 110 pip point and I divided it from the open. I did well...
Thanks Mr B good stuff again.Notice B is also an Inside Bar:nerd:.
I am still working my fix from yesterday see if I can sort it today

EDIT Daily range you calculate is 110 pips but My calculation = 100 for last week not sure it makes much difference but is interesting , my calc is range of Mon + Tue + Wed = Thur + Frid then divided by 5 which = 2 pips a day different 10 in total, do you have a different calc method or maybe broker range could be +-
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