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Billytt Die happy trading e/j daily breakout

  • #6,781
  • Feb 9, 2016 7:05am Feb 9, 2016 7:05am
Quoting Piprader
{quote} Followed you with A/U 4am / 8am break low took 6 after spread left some in .... errr approaching 00 and daily S1. see what happens..
You did well again, I said earlier I had twinges lol this was an excellent set up for gain... It could easily of gone up as in bounce off that 7024 line...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,782
  • Feb 9, 2016 7:10am Feb 9, 2016 7:10am
Quoting Piprader
{quote} Followed you with A/U 4am / 8am break low took 6 after spread left some in .... errr approaching 00 and daily S1. see what happens..
AUD,,, derrrrr, came out for 3 on second trade, it then went south for miles and miles and m i l e s,. Well 50 pips or so, and that can add up when its loaded , Not ready for that yet though, good day so far .
  • #6,783
  • Feb 9, 2016 7:15am Feb 9, 2016 7:15am
Quoting Piprader
{quote} AUD,,, derrrrr, came out for 3 on second trade, it then went south for miles and miles and m i l e s,.
It doesn't matter Pip. You made the original gaing. Ok second trade should get more but we don't know how many?. Today is an exception as A/U had all the signs for a good move... £ is better than -3
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,784
  • Feb 9, 2016 7:28am Feb 9, 2016 7:28am
Quoting billytt
{quote} It doesn't matter Pip. You made the original gaing. Ok second trade should get more but we don't know how many?. Today is an exception as A/U had all the signs for a good move... is better than -3
  • #6,785
  • Feb 9, 2016 7:31am Feb 9, 2016 7:31am
Yesterday's low on cable? looks a long way away but possible if 00 breaks.
Attached Image (click to enlarge)
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  • #6,786
  • Edited 8:41am Feb 9, 2016 7:41am | Edited 8:41am
Quoting claudia1
Yesterday's low on cable? looks a long way away but possible if 00 breaks. {image}
yes indeed. It will move a long way when it does move Hopefully down, hope you are ok Claudia..


edit,,14360 looks a good area for it to head first.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,787
  • Feb 9, 2016 7:43am Feb 9, 2016 7:43am
Quoting billytt
{quote} yes indeed. It will move a long way when it does move Hopefully down, hope you are ok Claudia..
Hi Billy. As soon as I posted it went up lol nothing new there.
  • #6,788
  • Edited 8:58am Feb 9, 2016 8:47am | Edited 8:58am
Not trading but thought I'd pop in.( hot Beechams powder drink in hand)
That Aud trade shown above -I have marked a couple of things that caught my eye:
The "Billy" trade went off long okay.
Nice Pin high around 4 am -8am high ( three bars to the right of end of 4 am to 8 am range high.)
Price also bounced off (first red arrow) 4 am - 8 am low; and then later broke that same level ( second red arrow)
I've ignored outside bars.
It shows ( to me anyway) that price action (TA) around levels can be profitable.
Again here I have drawn in the four hour range then dropped to the 5 minute for management, thus slightly different from the Masters :-)
BUT the E/J was a loser - I was okay for five pips but aimed at ten and would have been stopped out.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #6,789
  • Feb 9, 2016 9:16am Feb 9, 2016 9:16am
Brent
Some things I liked relating to price and Pins etc
And will 100 ma keep price down?
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every Saint has a past. Every Sinner has a Future
  • #6,790
  • Feb 9, 2016 12:33pm Feb 9, 2016 12:33pm
Quoting turnip15
Brent Some things I liked relating to price and Pins etc And will 100 ma keep price down? {image}
See Question in RED as "A" on Chart

See Answer as "B" on Chart

Note yesterdays LOW and Big Round Number

See Price react at S1 before continuing to move down and remaining under moving average.
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every Saint has a past. Every Sinner has a Future
  • #6,791
  • Feb 9, 2016 1:01pm Feb 9, 2016 1:01pm
AUD update.
Same 4 am to 8 am Hi + Lo levels shown.
But see price action around XX50 Level and Big Round Number, which happen to be close to Pivot levels
See what price does at the actual Pivot.
:nerd:
I save these charts for study later -so I don't mind posting in an empty room
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #6,792
  • Feb 9, 2016 6:00pm Feb 9, 2016 6:00pm
It is Wednesday, trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,793
  • Feb 10, 2016 2:20am Feb 10, 2016 2:20am
Great start to the day, AUD took 12 PIPS pre spread, 00::00 4h break high News for cable 9:30am.
Attached Image (click to enlarge)
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  • #6,794
  • Feb 10, 2016 2:39am Feb 10, 2016 2:39am
Quoting Piprader
Great start to the day, AUD took 12 PIPS pre spread, 00::00 4h break high News for cable 9:30am. {image}
Good one Pip. Just be careful trading every 4 hour break ( IF you do). all the 4 hour breaks Tuesday would of been good though..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,795
  • Feb 10, 2016 3:32am Feb 10, 2016 3:32am
Quoting billytt
{quote} Good one Pip. Just be careful trading every 4 hour break ( IF you do). all the 4 hour breaks Tuesday would of been good though..
Thanks Mr B :nerd: for taking time to comment , and yes you are right, I believe the 4 and 12 are the most successful, I made the trade this morning from my mix of break and PA might be plain "ole coin toss luck" probably is , only small % trade though.
Not my usual 30 lots L.O.L.
  • #6,796
  • Feb 10, 2016 3:36am Feb 10, 2016 3:36am
Quoting Piprader
{quote} Thanks Mr B :nerd: for taking time to comment , and yes you are right, I believe the 4 and 12 are the most successful, I made the trade this morning from my mix of break and PA might be plain "ole coin toss luck" probably is , only small % trade though. Not my usual 30 lots L.O.L.
Piprader

Just by curiosity for AU trade where did you place your SL ?
Thanks in advance

Landsat
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #6,797
  • Feb 10, 2016 3:42am Feb 10, 2016 3:42am
Quoting Piprader
{quote} Thanks Mr B :nerd: for taking time to comment , and yes you are right, I believe the 4 and 12 are the most successful, I made the trade this morning from my mix of break and PA might be plain "ole coin toss luck" probably is , only small % trade though. Not my usual 30 lots L.O.L.
30 lots indeed . I use several lots sometimes. The big question is do you have several lots with small stake OR one lot with a big stake. If you use several lots you can close them down at slightly different levels ie close at 10 & 10.25 %10.5 & 10.75 & 11 it does sound contradicting if I say I only look for 10 though..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,798
  • Feb 10, 2016 4:12am Feb 10, 2016 4:12am
Time 10-05, A /U is at an important level . will it keep going up or retrace. Go to lower time frame and look for clues. I am only commenting and not trading.

edit, actually I should of posted this a bit earlier
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,799
  • Feb 10, 2016 4:20am Feb 10, 2016 4:20am
Quoting landsat
{quote} Piprader Just by curiosity for AU trade where did you place your SL ? Thanks in advance Landsat
Hi landsat , In the pic below shows where I would have my stop if I was to use one, this is something I do when scalping,looking for wick bands at sup / res price action, the two pink lines are the wick band area where I would expect price to break or bounce should it return to that area, hope that makes sense. L.O.L. if not I will try to explain further, any questions you have ask away, but remember this is a take on the 4h break on this particular trade. take care.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5 stop 10 feb.png Size: 65 KB
  • #6,800
  • Feb 10, 2016 4:20am Feb 10, 2016 4:20am
Quoting claudia1
{quote} Hi Billy. As soon as I posted it went up lol nothing new there.
Hi Claudia, I forgot to answer this... It happens lol. I have done it in the past.. I say something and then the opposite happens and as you know , we have signals but other events happen to throw them. that's trading...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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