Billytt Die happy trading e/j daily breakout | Page 343 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #6,841
  • Feb 11, 2016 4:24am Feb 11, 2016 4:24am
And BRENT:
Not so easy to trade so far. Is it making a flag at the moment of posting ?
Hard earned pips so far on oil. Well- it cannot be a breeze everyday wot.
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every Saint has a past. Every Sinner has a Future
  • #6,842
  • Feb 11, 2016 4:27am Feb 11, 2016 4:27am
Quoting claudia1
{quote} Yep a good one. Also the entry would have been a confirmed break of 00?
Of course-Doh - I missed that. A very important number
levels and certain numbers -must always consider them in the mix. Confluence - a great confidence booster.
Thanks Claudia
every Saint has a past. Every Sinner has a Future
  • #6,843
  • Feb 11, 2016 4:33am Feb 11, 2016 4:33am
Quoting turnip15
And BRENT: Not so easy to trade so far. Is it making a flag at the moment of posting ? Hard earned pips so far on oil. Well- it cannot be a breeze everyday wot. {image}
Difficult one to read isn't it. Once again break of Billy Bar would confirm more down also a breach of the 50 for confirmation?
  • #6,844
  • Feb 11, 2016 4:38am Feb 11, 2016 4:38am
Quoting claudia1
{quote} No no no if these are your charts then get rid of all the indicators. You can't trade 1 min with lagging indicators. Watch cable from around 15.15 onwards and usually it is fairly clear where it's going into close.
Fear not Claudia - those are not my charts.
No -despite my relative inexperience of trading I would not trade fast time frames such as one minute using any indicator.

If I was forced to trade the one minute I would look and price only -momentum.
If I cannot plan my trade in advance (where are my levels etc) then I do not want to trade.

I would take some persuading that yours or young Williams approach whereby you you gather a small number of pips from momentum can be bettered.
Think of it in emotional terms -you know straight away if your ten pips is in sight and the PROBABILITY of being "right" having a target of ten pips is superior to someone hoping to gather hundreds of pips from the same trade. Little amounts grow into significant one's. I might be wrong but I feel more confident thinking that way. If I get more than ten pips that is only because my stop was not triggered and I was able to move the stop. Generally, it is "ten and go."
every Saint has a past. Every Sinner has a Future
  • #6,845
  • Feb 11, 2016 4:43am Feb 11, 2016 4:43am
Quoting turnip15
{quote} Fear not Claudia - those are not my charts. No -despite my relative inexperience of trading I would not trade fast time frames such as one minute using any indicator. If I was forced to trade the one minute I would look and price only -momentum. If I cannot plan my trade in advance (where are my levels etc) then I do not want to trade. I would take some persuading that yours or young Williams approach whereby you you gather a small number of pips from momentum can be bettered. Think of it in emotional terms -you know straight away if your...
Momentum is a good word basically going with the order flow. Confidence is what it's about trade what you see and believe in yourself. Wow lol big statement.
  • #6,846
  • Feb 11, 2016 4:44am Feb 11, 2016 4:44am
I am here , I have had a good sleep with everything electrical switched off (except coffee machine).
A/U excellent day,, Big move today even though I thought it would of been yesterday maybe Tuesday. From where it stands right now 10-45 Thur it can still move a lot ( meaning fri and early next week). Obviously things are constantly happening in the world.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,847
  • Feb 11, 2016 4:45am Feb 11, 2016 4:45am
Quoting claudia1
{quote} Difficult one to read isn't it. Once again break of Billy Bar would confirm more down also a breach of the 50 for confirmation?
I never thought of the "Billy Bar" on a five minute time frame ?

The 50 level -yes, there was a bounce (look left) just above the 50 -I suppose (with hindsight) I could have taken the latest bounce from that level.
There was an out side bar there I missed next to the pin type red bar -both had long tails.
All good for reflection and learning.
every Saint has a past. Every Sinner has a Future
  • #6,848
  • Feb 11, 2016 4:47am Feb 11, 2016 4:47am
Quoting Piprader
Bingo!! Mr B's AUD 4am break south strong push took 11 pips after spread could of been %% more but very happy . Green pips to all.
yet another good trade Pip. Do any of your candle breakout trades tie in with your boxes?? just a thought as you may get bonus pips lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,849
  • Feb 11, 2016 4:49am Feb 11, 2016 4:49am
Quoting claudia1
Perfect day. Break off dp, break of Frankie, break of 00, break of trend line ..... that's about all I could ask. {image}
Hello C, and break of trend lol. Perfect set up all around. I cannot add more what about g/n lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,850
  • Feb 11, 2016 4:51am Feb 11, 2016 4:51am
Quoting billytt
{quote} Hello C, and break of trend lol. Perfect set up all around. I cannot add more what about g/n lol
Dare not look at g/n last I remember Mr T was trying it on the 1 min - what's was that song from Mash?
  • #6,851
  • Feb 11, 2016 4:52am Feb 11, 2016 4:52am
Quoting turnip15
{quote} @Claudia1 Five plus in the bag Hope I traded it correctly as per your suggestion. I used the Five Minute chart to manage the trade. {image}
Hi Mr T, I think if you are looking for hour candle break one should look at the 4 hour candle for triggers even daily as back up.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,852
  • Feb 11, 2016 4:52am Feb 11, 2016 4:52am
Quoting billytt
I am here , I have had a good sleep with everything electrical switched off (except coffee machine). A/U excellent day,, Big move today even though I thought it would of been yesterday maybe Tuesday. From where it stands right now 10-45 Thur it can still move a lot ( meaning fri and early next week). Obviously things are constantly happening in the world.....
@Billytt

I bet young William is a happy bunny
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every Saint has a past. Every Sinner has a Future
  • #6,853
  • Feb 11, 2016 4:59am Feb 11, 2016 4:59am
Quoting turnip15
{quote} Fear not Claudia - . I would take some persuading that yours or young Williams approach whereby you you gather a small number of pips from momentum can be bettered. Think of it in emotional terms -you know straight away if your ten pips is in sight and the PROBABILITY of being "right" having a target of ten pips is superior to someone hoping to gather hundreds of pips from the same trade. Little amounts grow into significant one's. I might be wrong but I feel more confident thinking that way. If I get more than ten pips that is only because...
Mr T correct wording... Gain a few pips with confidence (stats) and trade it hard. Start compounding to lessen risk to your bank and I am not speaking false economy and these few pips gains will let you buy cars/houses anything you want moneywise...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,854
  • Feb 11, 2016 4:59am Feb 11, 2016 4:59am
Quoting claudia1
{quote} Dare not look at g/n last I remember Mr T was trying it on the 1 min - what's was that song from Mash?
the suicide is painless one???
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,855
  • Feb 11, 2016 5:02am Feb 11, 2016 5:02am
Quoting billytt
{quote} Hi Mr T, I think if you are looking for hour candle break one should look at the 4 hour candle for triggers even daily as back up.
Yes Billy, I think confluence is the name of the game. When we talk of four hour or one hour breaks -you usually find (correct me if I am wrong being less experienced than either you or Claudia) that the four hour etc give a lead (it could be levels, big numbers or even momentum on more than one time frame). That hourly break mentioned by Claudia, for example, had more than one factor (break of hourly bar) in it's favour.
every Saint has a past. Every Sinner has a Future
  • #6,856
  • Feb 11, 2016 5:02am Feb 11, 2016 5:02am
Quoting turnip15
{quote} @Billytt I bet young William is a happy bunny {image}
I am happy that big moves happened, more happy that my broker mate and one of his trader employees were using my method.... As for me , I am having a rest from trading. we always have next week to make the daily 5
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,857
  • Feb 11, 2016 5:04am Feb 11, 2016 5:04am
Quoting billytt
{quote} the suicide is painless one???
That's it good song for g/n traders. Just had a look at g/n on the daily looks like it's setting up to do something silly no idea which way. Getting quoted around 8 spread off IG but moves so fast.
  • #6,858
  • Feb 11, 2016 5:04am Feb 11, 2016 5:04am
Quoting billytt
{quote} the suicide is painless one???
Yep -leaving that one well alone.
every Saint has a past. Every Sinner has a Future
  • #6,859
  • Feb 11, 2016 5:06am Feb 11, 2016 5:06am
Back later.
every Saint has a past. Every Sinner has a Future
  • #6,860
  • Edited 5:28am Feb 11, 2016 5:07am | Edited 5:28am
Quoting turnip15
{quote} Yes Billy, I think confluence is the name of the game. When we talk of four hour or one hour
. That hourly break mentioned by Claudia, for example, had more than one factor (break of hourly bar) in it's favour.
Hello, agreed. I think the hour candle break has to be picked for clues not just any random one....
the 08-00 open range hour candle is good even the usa open. closing through dp or 00 , close through a level. I know you know but I am letting the lurkers know ,,yay

edit,,, how about ,,,example Hour chart, short red red red red green (trade long) or green green green red (trade short) something I was studying, I will add chart

edit, I will not add chart as I would have to cherry pick one. You will get losers but the trigger has to be refined.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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