Billytt Die happy trading e/j daily breakout | Page 350 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #6,981
  • Feb 12, 2016 8:16am Feb 12, 2016 8:16am
2 more winning trades : breakout on the 4H candle :

short GBPUSD +10
short AUDUSD +10
Attached Image (click to enlarge)
Click to Enlarge Name: Capture d’écran 2016-02-12 à 15.13.54.png Size: 172 KB
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #6,982
  • Feb 12, 2016 8:33am Feb 12, 2016 8:33am
Hi all, I was last here speaking about A/U probably going to drop to dp and BANG I lost all contact with FF and then my internet went down .. It is all ok now but today I have been busy, I have a gas engineer installing a new gas cooker and I have been helping out by drilling holes and making coffee.. a/U did as I thought it would ( good guess) lol. and it looks like you peeps have had a good day too. I will get back with input once gas man has finished.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,983
  • Feb 12, 2016 8:37am Feb 12, 2016 8:37am
A/U I am looking for it to do something at 7040 level. Hopefully hour candle will close below it so it can then drop to next level. Daily range is only approx 70 right now 14-36 time. so it does have plenty left...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,984
  • Feb 12, 2016 8:51am Feb 12, 2016 8:51am
Looking at trades on 4 hour Aud the 4am -8am was a no trade. I am now waiting for the 12noon to 4pm to complete. Did not consider the 8am to noon.
every Saint has a past. Every Sinner has a Future
  • #6,985
  • Feb 12, 2016 8:58am Feb 12, 2016 8:58am
No ORB on the 8 am E/J (15 minute) today -price action is contained within that bar range Hi/Lo
Brent was okay but was worrying because of the failed trades and "rangey" price action. Perhaps I should have avoided it but no harm done.
every Saint has a past. Every Sinner has a Future
  • #6,986
  • Feb 12, 2016 9:02am Feb 12, 2016 9:02am
Quoting billytt
A/U I am looking for it to do something at 7040 level. Hopefully hour candle will close below it so it can then drop to next level. Daily range is only approx 70 right now 14-36 time. so it does have plenty left...
Looking at the Hourly:

Well - you got a Pivot break short on the 1 pm to 2 pm bar.
But why are you aiming for 7040 - is it previous support ?
every Saint has a past. Every Sinner has a Future
  • #6,987
  • Feb 12, 2016 10:35am Feb 12, 2016 10:35am
Quoting turnip15
{quote} Looking at the Hourly: Well - you got a Pivot break short on the 1 pm to 2 pm bar. But why are you aiming for 7040 - is it previous support ?
yes, it is a past level on the daily
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,988
  • Feb 12, 2016 10:39am Feb 12, 2016 10:39am
Quoting turnip15
{quote} Looking at the Hourly: Well - you got a Pivot break short on the 1 pm to 2 pm bar. But why are you aiming for 7040 - is it previous support ?
I am not aiming for 7040, if it goes it goes if it goes up 7130 is a level.If I was in a trade already say from Daily break or 04-00 candle these are the places where you look for to get extra pips...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,989
  • Feb 12, 2016 10:49am Feb 12, 2016 10:49am
Quoting turnip15
No ORB on the 8 am E/J (15 minute) today -price action is contained within that bar range Hi/Lo Brent was okay but was worrying because of the failed trades and "rangey" price action. Perhaps I should have avoided it but no harm done.
That is why I prefer Daily Break and now 4 hour. we had excellent trade options and missed the noise...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,990
  • Feb 12, 2016 11:14am Feb 12, 2016 11:14am
Another winner Mr T.
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  • #6,991
  • Feb 12, 2016 11:23am Feb 12, 2016 11:23am
Quoting billytt
{quote} That is why I prefer Daily Break and now 4 hour. we had excellent trade options and missed the noise...
Yes Billy.
What with the four hour breaks, Claudia's hourly idea, I think I might have all I need for variety.
Plus my oil trade.

But -would you trade just one pair on the four hourly, for example, or would you examine several to see if other factors line up such as pivots ?
every Saint has a past. Every Sinner has a Future
  • #6,992
  • Feb 12, 2016 11:23am Feb 12, 2016 11:23am
Hi Claudia, what I was looking at a short while ago, but on daily then 4 hour... we had along for instance for several candles and then a short, Trade off the short plus a few pips, I just marked a few but obviously some are bad
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,993
  • Feb 12, 2016 11:26am Feb 12, 2016 11:26am
Quoting claudia1
Another winner Mr T. {image}
Wow - look at it go

Do you trade this approach Claudia or is it an idea you have seen before but never had cause to use?
every Saint has a past. Every Sinner has a Future
  • #6,994
  • Feb 12, 2016 11:28am Feb 12, 2016 11:28am
Quoting turnip15
{quote} Yes Billy. What with the four hour breaks, Claudia's hourly idea, I think I might have all I need for variety. Plus my oil trade. But -would you trade just one pair on the four hourly, for example, or would you examine several to see if other factors line up such as pivots ?
Does this mean no more research? Mrs T will be delighted lol only joking.
  • #6,995
  • Feb 12, 2016 11:31am Feb 12, 2016 11:31am
Quoting turnip15
{quote} Yes Billy. What with the four hour breaks, Claudia's hourly idea, I think I might have all I need for variety. Plus my oil trade. But -would you trade just one pair on the four hourly, for example, or would you examine several to see if other factors line up such as pivots ?
yes sir, you only need one pair (or I do). I only say this as if I had a large lot and it went bad (or several trades bad) it would cost a fortune to correct.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6,996
  • Feb 12, 2016 11:31am Feb 12, 2016 11:31am
Quoting turnip15
{quote} Wow - look at it go Do you trade this approach Claudia or is it an idea you have seen before but never had cause to use?
I haven't traded that live was just an idea. Will give it a go next week though.

Should be really easy to automate too. I know just the person lol.
  • #6,997
  • Feb 12, 2016 11:40am Feb 12, 2016 11:40am
Quoting claudia1
{quote} Does this mean no more research? Mrs T will be delighted lol only joking.
My problem is that I get distracted. Brent is one approach I never alter, but forex, I am always tinkering, as you will have noticed. And whilst tinkering I miss trades. I do like the hourly idea though -like a momentum trade, I suppose, with highly achievable ten pips. Talking of tinkering I must look at those more volatile pairs you mentioned.
Going down to a five minute chart the price action on the hourly is not too, so far distracting. Like Billies four hour, how you manage pullbacks has to be taken care of. Just because a one hour bar close or open is broken, by the next bar, doesn't mean there wasn't some sort of pullback. Or maybe I have missed something - cos I am an old git you know.

I like research but have to learn to divide my day into trading time-research time- and Mrs T. Time (The biggest chunk of the day-or else; misery)
every Saint has a past. Every Sinner has a Future
  • #6,998
  • Feb 12, 2016 11:45am Feb 12, 2016 11:45am
Quoting billytt
{quote} yes sir, you only need one pair (or I do). I only say this as if I had a large lot and it went bad (or several trades bad) it would cost a fortune to correct.
Thanks Billy - much appreciated.
every Saint has a past. Every Sinner has a Future
  • #6,999
  • Feb 12, 2016 11:45am Feb 12, 2016 11:45am
Quoting turnip15
{quote} My problem is that I get distracted. Brent is one approach I never alter, but forex, I am always tinkering, as you will have noticed. And whilst tinkering I miss trades. I do like the hourly idea though -like a momentum trade, I suppose, with highly achievable ten pips. Talking of tinkering I must look at those more volatile pairs you mentioned. Going down to a five minute chart the price action on the hourly is not too, so far distracting. Like Billies four hour, how you manage pullbacks has to be taken care of. Just because a one...
Wish I hadn't mentioned that. Suggest (again) stick with oil and Mrs T.
  • #7,000
  • Feb 12, 2016 12:14pm Feb 12, 2016 12:14pm
Quoting landsat
2 more winning trades : breakout on the 4H candle : short GBPUSD +10 short AUDUSD +10 {image}
good trading landsat, I shall look at your charts later. I have been busy today with the gas engineer.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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