Billytt Die happy trading e/j daily breakout | Page 333 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #6,641
  • Feb 1, 2016 7:21am Feb 1, 2016 7:21am
Quoting turnip15
Smug Git -I marked up this 5 minute Pound chart -see high to the right- and traded the break. I feel happier waiting for a set up I recognize and then enter. {image}
nice one Mr T
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,642
  • Feb 1, 2016 4:05pm Feb 1, 2016 4:05pm
00-04 Tues. the A/U 12-00 was a good break (long). I did not trade it. range only 80 .. I would feel better if it dropped lol. Lets see what the 04-00 candle does. Be good all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,643
  • Feb 1, 2016 4:33pm Feb 1, 2016 4:33pm
A/U if this 20-00 candle low breaks very soon I will trade it with a small lot just to keep me occupied. I am running tests but I do not have to constantly watch them. Lets see.

edit,, and yes we have the 00 and the dp is just under it....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,644
  • Feb 1, 2016 5:41pm Feb 1, 2016 5:41pm
A/U is being a bit bad to me. I shorted it but it then retraced up.. I have just added on another short on the retrace and if it continues to rise I shall put a counter on it and hopefully let it run until when the 04-00 candle ends at 08-00....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,645
  • Feb 1, 2016 11:21pm Feb 1, 2016 11:21pm
Quoting billytt
A/U is being a bit bad to me. I shorted it but it then retraced up.. I have just added on another short on the retrace and if it continues to rise I shall put a counter on it and hopefully let it run until when the 04-00 candle ends at 08-00....
Hi Mr B thank you for your thoughts on your trade plan, I see AUD spiked North 3:30 am to then immediately fall like a rock how did this work out for you,, I have a feeling you did good. .
  • #6,646
  • Feb 1, 2016 11:33pm Feb 1, 2016 11:33pm
News Cable 9:30 am
Attached Image
  • #6,647
  • Edited 1:27am Feb 2, 2016 1:16am | Edited 1:27am
Quoting Piprader
{quote} Hi Mr B thank you for your thoughts on your trade plan, I see AUD spiked North 3:30 am to then immediately fall like a rock how did this work out for you,, I have a feeling you did good. .
my answer.... A/U did spike. My first trade was held with the counter and the second trade counter did not trigger. IT then retraced and after the 04-00 candle low triggered I added short (New trade of the break) and it all came good...ALSO I did my normal 04-00 candle break which has just made 10. Excluding my own personal trade I made 5 points for my minnions SOOOO 15 from 15 and 8.25% return for them.

edit... I hope the above makes sense, I can try and explain better
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,648
  • Feb 2, 2016 1:26am Feb 2, 2016 1:26am
Quoting Piprader
News Cable 9:30 am {image}
where did you get that picture of my wife??? lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,649
  • Feb 2, 2016 1:28am Feb 2, 2016 1:28am
Quoting billytt
{quote} where did you get that picture of my wife??? lol
  • #6,650
  • Feb 2, 2016 1:37am Feb 2, 2016 1:37am
Quoting billytt
{quote} my answer.... A/U did spike. My first trade was held with the counter and the second trade counter did not trigger. IT then retraced and after the 04-00 candle low triggered I added short (New trade of the break) and it all came good...ALSO I did my normal 04-00 candle break which has just made 10. Excluding my own personal trade I made 5 points for my minnions SOOOO 15 from 15 and 8.25% return for them. edit... I hope the above makes sense, I can try and explain better
Great trading Mr B, I think I follow this, your second counter didn't trigger if I can ask where did you have this second counter trigger, If this is shhh, and you would have to kill me then Id rather not know cos I've got Grand Kids
  • #6,651
  • Feb 2, 2016 2:07am Feb 2, 2016 2:07am
[quote=Piprader;8726110]{quote} Great trading Mr B, I think I follow this, your second counter didn't trigger if I can ask where did you have this second counter trigger,

Remember last week we spoke of retrace after a trigger... We do not know how far that retrace will go .It could even be a reversal...
I had a short trade and when it got to minus 20 I put on a long counter.... Before that counter I put on a short (retrace ) at approx. minus 15 .. The retrace spiked up but the 2nd trade (short) was not triggered for a counter.. It dropped and when the low of the 04-00 candle was triggered I continued trading by adding extra lots to correct. Once in profit I got out...SIMPLES lol...


The second trade made it a lot easier to fix, It could of been troublesome
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,652
  • Feb 2, 2016 2:09am Feb 2, 2016 2:09am
catch you later , i have things to do..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,653
  • Feb 2, 2016 2:18am Feb 2, 2016 2:18am
Quoting billytt
Quoting Piprader
{quote} Great trading Mr B, I think I follow this, your second counter didn't trigger if I can ask where did you have this second counter trigger, Remember last week we spoke of retrace after a trigger... We do not know how far that retrace will go .It could even be a reversal... I had a short trade and when it got to minus 20 I put on a long counter.... Before that counter I put on a short (retrace ) at approx. minus 15 .. The retrace spiked up but the 2nd trade (short) was not triggered for a counter.. It dropped and when
...
Thanks Mr B, got it absolutely clear catch you Later.
  • #6,654
  • Feb 2, 2016 2:36am Feb 2, 2016 2:36am
I am out in 30 minutes, so here are some STATS.
Daily Break From 3rd Jan 2016 until and including 1st Feb......
E/J .27 trades.....25 wins.....2 losses... 19 trades had 20 or more pips....
G/U 30 trades.... 25 wins.... 5 losses.... 21 trades had 20 or more pips...
A/U 25 trades....24 wins.... 1 loss... 20 trades had 20 or more pips.....
I have not added strike rate... I am surprised with A/U stats though...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,655
  • Feb 2, 2016 2:37am Feb 2, 2016 2:37am
Quoting Piprader
{quote}{quote} Thanks Mr B, got it absolutely clear catch you Later.
It isn't always that easy Pip... That retrace trade I added was a huge help...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,656
  • Feb 2, 2016 2:41am Feb 2, 2016 2:41am
without disclosing too much ..But you can work it out lol. I have the trades countering each other so they are both in limbo until one gets in front and I close it. a bit like ying and yang.. it is all about balance. But look for news etc or mainly look for broker adjusting spread...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,657
  • Feb 2, 2016 3:25am Feb 2, 2016 3:25am
Quoting billytt
without disclosing too much ..But you can work it out lol. I have the trades countering each other so they are both in limbo until one gets in front and I close it. a bit like ying and yang.. it is all about balance. But look for news etc or mainly look for broker adjusting spread...
Thanks Mr B, :nerd:, I Hope visitors are also taking this all on board too. .
  • #6,658
  • Feb 2, 2016 4:07am Feb 2, 2016 4:07am
@Billytt

Billy here is an Aud 0400 - 0800 break trade taken on the 5 minute for management.
I seem to be happier managing the larger frames on a smaller time scale as a potential break happens?
I can quickly look at lower time frame if price retraces to work out if a reverse trade needs putting on or whether it is a normal pull back to a level.
Attached Image (click to enlarge)
Click to Enlarge Name: BillyAUDTUES.jpg Size: 320 KB
every Saint has a past. Every Sinner has a Future
  • #6,659
  • Feb 2, 2016 4:09am Feb 2, 2016 4:09am
Can't work brent out at all, possible long off pin Bar but against strong down trend on 5 minute-so will leave alone. Funny day I feel.
every Saint has a past. Every Sinner has a Future
  • #6,660
  • Feb 2, 2016 5:09am Feb 2, 2016 5:09am
[quote=turnip15;8726481]@Billytt Billy here is an Aud 0400 - 0800 break trade taken on the 5 minute for management.


Hello Mr T, That is developing the method further... I keep this method very simple..The high/low breaks, I trade it. make 5 after spread and close it. Sometimes have a second trade to let run.
Correcting is something different, I just counter until a new trigger happens. I do not look at anything else. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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