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Billytt Die happy trading e/j daily breakout

  • #6,581
  • Jan 29, 2016 11:09am Jan 29, 2016 11:09am
2nd chart but 15 minute candles...
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the 12-00 low was 7070, When that was broken it retraced to 7086 (+16) I entered at 7080 (actually 7082) and then it dropped.SO I GOT 10 + 5 (normal 5 I go for) I also had my original trade running for + 5.
Like I said ages ago, entering the retrace you actually get a bigger stop loss. I hope I explained that ok
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,582
  • Jan 29, 2016 11:10am Jan 29, 2016 11:10am
Quoting claudia1
Well I got a sweet and and sour chicken cooking away and smells mmmm lol. Think time to for a glass of vino next door first. Good week end all.
Catch you later Claudia
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,583
  • Jan 29, 2016 11:12am Jan 29, 2016 11:12am
Quoting Piprader
{quote} Enjoy Claudia sure you will {image}
wow, that looks lush Pip
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,584
  • Jan 29, 2016 11:14am Jan 29, 2016 11:14am
Forgot to say, the 14 day rsi was almost midway and this is an aid.(which I always mention) lol and that trend line had broken(another clue) so I upped the stakes..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,585
  • Jan 29, 2016 11:32am Jan 29, 2016 11:32am
Quoting billytt
2nd chart but 15 minute candles... {image} the 12-00 low was 7070, When that was broken it retraced to 7086 (+16) I entered at 7080 (actually 7082) and then it dropped.SO I GOT 10 + 5 (normal 5 I go for) I also had my original trade running for + 5. Like I said ages ago, entering the retrace you actually get a bigger stop loss. I hope I explained that ok
Thanks Mr B, explained very well, Stop Loss part not sure , would this mean that you would include all trades to be Fixed say 20 pips above the retrace entry. Rather than two fixes ie one 20 pips back on the first entry and another 20 pips back on the second,,, thinking about that it would get complicated and messy ,, your thoughts are welcome .
  • #6,586
  • Jan 29, 2016 1:03pm Jan 29, 2016 1:03pm
Well -I'll go to the foot of our stairs !
Brent was okay traded today but I only got a handful of pips -price seemed non TA friendly to me today or my courage was waning as my man flu increases in severity.

My demo on DAX can only be described emotional cruelty: I was either too late with entries and too quick with exits or watched as the car with the large headlights ran over me !

Seems I might keep to the Five Minute Brent and add a Billy style four hour break trade as my weapons of choice.
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every Saint has a past. Every Sinner has a Future
  • #6,587
  • Jan 29, 2016 1:42pm Jan 29, 2016 1:42pm
You know I love sport here's a free bet worth a go nothing to lose. https://super6.skysports.com/
  • #6,588
  • Jan 29, 2016 2:05pm Jan 29, 2016 2:05pm
Lemsip and hot water, then settle down to watch Johnny Depp, as the "mad hatter", in "Alice in wonderland."
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every Saint has a past. Every Sinner has a Future
  • #6,589
  • Jan 29, 2016 3:21pm Jan 29, 2016 3:21pm
Quoting Piprader
{quote} Thanks Mr B, explained very well, Stop Loss part not sure , would this mean that you would include all trades to be Fixed say 20 pips above the retrace entry. Rather than two fixes ie one 20 pips back on the first entry and another 20 pips back on the second,,, thinking about that it would get complicated and messy ,, your thoughts are welcome .
Hello, I will try and explain better but first we must understand, WE DO NOT KNOW HOW FAR IT WILL RETRACE. It might keep going opposite direction and the trade will be a loser. It does happen.

edit, we can look for clues to see how far the retrace will go but I honestly would go off gut feeling and speed of the market..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,590
  • Jan 29, 2016 3:23pm Jan 29, 2016 3:23pm
[quote=turnip15;8720994]Well -I'll go to the foot of our stairs ! Brent was okay traded today but I only got a handful of pips -price seemed non TA friendly to me today or my courage was waning as my man flu increases in severity.

ooooooo Man Flu a nasty thing to have Mr T. Get well soon.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,591
  • Jan 29, 2016 3:48pm Jan 29, 2016 3:48pm
RETRACE ENTRY.
chart is A/U from Wednesday. break of 04-00 candle.
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A = High.
B= Break of High . it then retraced to -23 approx. before moving back up.
You could of entered a long at C or D (we still do not know how far the retrace would go) instead of at the actual break.
SOOOOO you could of entered at -10 and it still retraced but you would of been -13 not -23. It went back long so you would of made +10 and +5 (what I normally look for) OR you could of closed at the actual break for 10 minus spread SIMPLES lol...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,592
  • Jan 29, 2016 3:55pm Jan 29, 2016 3:55pm
@Billytt

How do these guys get our emails ?
Loads of pips per month
http://www.trend-signal.com/learn-to...r/?campaign=em
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every Saint has a past. Every Sinner has a Future
  • #6,593
  • Jan 29, 2016 4:00pm Jan 29, 2016 4:00pm
Quoting billytt
RETRACE ENTRY. chart is A/U from Wednesday. break of 04-00 candle. {image} A = High. B= Break of High . it then retraced to -23 approx. before moving back up. You could of entered a long at C or D (we still do not know how far the retrace would go) instead of at the actual break. SOOOOO you could of entered at -10 and it still retraced but you would of been -13 not -23. It went back long so you would of made +10 and +5 (what I normally look for) OR you could of closed at the actual break for 10 minus spread SIMPLES lol...
Great stuff as always young William.
Many thanks.
every Saint has a past. Every Sinner has a Future
  • #6,594
  • Jan 29, 2016 4:15pm Jan 29, 2016 4:15pm
Quoting billytt
RETRACE ENTRY. chart is A/U from Wednesday. break of 04-00 candle. {image} A = High. B= Break of High . it then retraced to -23 approx. before moving back up. You could of entered a long at C or D (we still do not know how far the retrace would go) instead of at the actual break. SOOOOO you could of entered at -10 and it still retraced but you would of been -13 not -23. It went back long so you would of made +10 and +5 (what I normally look for) OR you could of closed at the actual break for 10 minus spread SIMPLES lol...
Hey mate,
And if if it keeps going against you?
Options?
1. Take the loss
2. Hedge and manage your way out?
  • #6,595
  • Jan 29, 2016 4:22pm Jan 29, 2016 4:22pm
Quoting FOURX
{quote} Hey mate, And if if it keeps going against you? Options? 1. Take the loss 2. Hedge and manage your way out?
This retrace method would interfere with the way I normally trade. But the 04-00 candle has very good odds to make 5 after spread SO DOES THE DAILY. If I did trade a retrace like earlier I would hedge/counter trade then look for the opposite high/low. I hope this helps. I am just on my way out but will be back in approx. 5 hours.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,596
  • Jan 29, 2016 4:26pm Jan 29, 2016 4:26pm
Quoting billytt
{quote} This retrace method would interfere with the way I normally trade. But the 04-00 candle has very good odds to make 5 after spread SO DOES THE DAILY. If I did trade a retrace like earlier I would hedge/counter trade then look for the opposite high/low. I hope this helps. I am just on my way out but will be back in approx. 5 hours.
Thanks be safe mate
  • #6,597
  • Jan 29, 2016 5:29pm Jan 29, 2016 5:29pm
Quoting billytt
{quote} This retrace method would interfere with the way I normally trade. But the 04-00 candle has very good odds to make 5 after spread SO DOES THE DAILY. If I did trade a retrace like earlier I would hedge/counter trade then look for the opposite high/low. I hope this helps. I am just on my way out but will be back in approx. 5 hours.
Sincerely Mr B Thank you. Have a great weekend..
  • #6,598
  • Jan 29, 2016 9:38pm Jan 29, 2016 9:38pm
BOO, I just got in 03-35. I was on my mates Club door. Had a great night until 02-45 when some guy took a pop at me lol. Big Mistake. He will be hurting for a few days. I am now going to have a coffee and do some testing....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,599
  • Jan 29, 2016 9:57pm Jan 29, 2016 9:57pm
Quoting turnip15
@Billytt How do these guys get our emails ? Loads of pips per month http://www.trend-signal.com/learn-to...r/?campaign=em {image}
Nice one Mr T, and no doubt people will subscribe to his site.
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we have a nice long trend, will make 4 billion pips.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,600
  • Jan 30, 2016 3:12am Jan 30, 2016 3:12am
Quoting billytt
BOO, I just got in 03-35. I was on my mates Club door. Had a great night until 02-45 when some guy took a pop at me lol. Big Mistake. He will be hurting for a few days. I am now going to have a coffee and do some testing....
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