Billytt Die happy trading e/j daily breakout | Page 355 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #7,081
  • Feb 16, 2016 1:17am Feb 16, 2016 1:17am
Cable 7am to 8am break - Hourly time frame

Nice break and small pull back before going long from close of 7am to 8am bar. tried to short on 5minute bar but not triggered. Long off green bar penetrating close went well -very well.
Look at five minute trade management chart.
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every Saint has a past. Every Sinner has a Future
  • #7,082
  • Feb 16, 2016 1:39am Feb 16, 2016 1:39am
7am to 8 am GN hourly break research continued:

Long on close of above bar But a pull back that would frighten some people on this monster. A quick person might have grabbed ten on the retrace below close of the bar. You could have put buy stop above big round number (21900)?

I traded the Cable -for me a more sedate creature compared to this monster.
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every Saint has a past. Every Sinner has a Future
  • #7,083
  • Feb 16, 2016 1:53am Feb 16, 2016 1:53am
Finally -live trade Brent.
A great TA trade today. But two shorts were stopped out ( Losers) by a spike up bar.
Short okay just under BRN and a nice PIN bounce off another BRN and close of gap and support on 15 minutes (Look left)
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every Saint has a past. Every Sinner has a Future
  • #7,084
  • Feb 16, 2016 2:00am Feb 16, 2016 2:00am
Just noticed CPI inflation figures were released in the UK-maybe that accounted for the oil spike (Mirrored in the Dax on the one minute chart ?) -I should have waited maybe ?
every Saint has a past. Every Sinner has a Future
  • #7,085
  • Feb 16, 2016 2:03am Feb 16, 2016 2:03am
This morning

Break 4H candle :04H00_08H00

G/U : +10
E/J : -10
A/U : - 7

Hum Hum Money management not optimum (my mistake) , i admit ... i should have enter into hedging and wait fora solution.
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,086
  • Feb 16, 2016 2:19am Feb 16, 2016 2:19am
Quoting landsat
This morning Break 4H candle :04H00_08H00 G/U : +10 E/J : -10 A/U : - 7 Hum Hum Money management not optimum (my mistake) , i admit ... i should have enter into hedging and wait fora solution.
Keep your stasts. land -the more you view your saved data the confident one gets with a particular approach. Billies four hour and daily stuff has stood the test of time.
every Saint has a past. Every Sinner has a Future
  • #7,087
  • Feb 16, 2016 2:24am Feb 16, 2016 2:24am
Quoting turnip15
{quote} Keep your stasts. land -the more you view your saved data the confident one gets with a particular approach. Billies four hour and daily stuff has stood the test of time.
Thanks turnip ... i'm convince that this system is working ... positive expectancy on the long run ...
i read all your posts with interest ...
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,088
  • Feb 16, 2016 2:37am Feb 16, 2016 2:37am
morning, nothing doing yet regarding my correction trade. I traded the A/U 04-00 breakout long and then it retraced so another counter then it went back up lol. worst case scenario.. I am still in a bad trade but it is not as bad..
I would of preferred not taking the long but because I was in a trade already I had to. Be good all, catch you when trade is good again.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,089
  • Edited 6:53am Feb 16, 2016 6:35am | Edited 6:53am
Break 8H00_12H00

3 signals : E/J A/U G/U
took only 1 A/U ...didn't take G/U because of BRN ... too smart its the best signal
still in A/U

Edit: A/U TP+10 executed G/U break last week low successful
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Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,090
  • Feb 16, 2016 6:56am Feb 16, 2016 6:56am
A/U trade, every thing became good, I can now breathe and I managed a few extra points......
Next trade will be tomorrow Wed off ther 04-00 candle...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,091
  • Feb 16, 2016 7:00am Feb 16, 2016 7:00am
Break 4H low candle 08H00_12H00 on E/J TP +5 executed because of BRN
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Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,092
  • Feb 16, 2016 7:01am Feb 16, 2016 7:01am
15-00 yime, A/U on the Daily trend line low , will it break through? we are on an arrow head ? Mr T will know the name..... and what ever happens from this time I shall not know as my trade Pc is shut down lol....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,093
  • Feb 16, 2016 7:07am Feb 16, 2016 7:07am
Quoting landsat
Break 4H low candle 08H00_12H00 on E/J TP +5 executed because of BRN {image}
I just took a quick look, you did well. I cannot really comment as it is after the event lol but we did have some signs.... Trade well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,094
  • Feb 16, 2016 7:13am Feb 16, 2016 7:13am
Quoting billytt
{quote} I just took a quick look, you did well. I cannot really comment as it is after the event lol but we did have some signs.... Trade well bud.
Don't know what an arrow head is - sounds painful.

Best fun has been on cable today. Easy 20 should have been 120. Not far off January's low. Not often I look at the monthly chart.
  • #7,095
  • Edited 7:47am Feb 16, 2016 7:28am | Edited 7:47am
Not a good day AUD, went long on 4h break price pulled back put in a fix counter at - 20, price reversed went long again at the next break hi of 4H, PRICE REVERSED,,, put in 2nd fix counter, price reversed at support, I was running out of time had a meeting, so felt pressured some what, result = managed to wrangle + 7 pips on the 2x fix,, and A LOSS OF 22 ON THE 2 X LONGS SO NET LOSS 15 pips, I am now working on rescuing the 15...
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  • #7,096
  • Feb 16, 2016 7:46am Feb 16, 2016 7:46am
Quoting claudia1
{quote} Don't know what an arrow head is - sounds painful. Best fun has been on cable today. Easy 20 should have been 120. Not far off January's low. Not often I look at the monthly chart.
Being the novice here .... may i ask if you trade today using your 1H chart and pivot ?
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,097
  • Feb 16, 2016 7:47am Feb 16, 2016 7:47am
Quoting Piprader
Not a good day AUD, went long on 4h break price pulled back put in a fix counter at - 20, price reversed went long again at the next break hi of 4H, PRICE REVERSED,,, put in 2nd fix counter, price reversed at support, I was running out of time had a meeting, so felt pressured some what, result = managed to wrangle + 7 pips on the 2x fix,, and A LOSS OF 22 ON THE 2 X LONGS SO NET LOSS 15 pips, I am now working on rescuing the 15... {image}
Piprader

Good luck to you , hope that you can clean your daily P/L
enjoy the hunt
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,098
  • Feb 16, 2016 7:48am Feb 16, 2016 7:48am
Quoting landsat
{quote} Being the novice here .... may i ask if you trade today using your 1H chart and pivot ?
Got caught out early on then back in 48/49 if I remember.
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  • #7,099
  • Feb 16, 2016 7:59am Feb 16, 2016 7:59am
Quoting turnip15
{quote} Keep your stasts. land -the more you view your saved data the confident one gets with a particular approach. Billies four hour and daily stuff has stood the test of time.
Excellent advice from Turnip....I would go even a bit further....I would take 2-3 markets of interest and look back at the last 3 years of historical data as to what happened when I bought at the break of the high or low......then with hundreds of trade examples in hand, I could say X happens when we buy or sell.

But since I am the quant geek type...I can tell you that if you use a filter like the CCI ....and only trade in the direction of it's relative position to the zero line....only going long when above zero or short when below it. Also if you use a target of something like 80% of the ATR minus the difference to get to the H or L....then you will hit that price target 40% of the time and close in profit without touching the ATR target 72.1 % of the time.

Then we know what the long term statistical expectation of doing this every day should be over the course of 1K plus trades


Ok....so WOW...a lot of thinking for early in the morning...

Many Pips

ST65
Plan, Prepare, Execute, Repeat
  • #7,100
  • Feb 16, 2016 7:59am Feb 16, 2016 7:59am
Quoting claudia1
{quote} Got caught out early on then back in 48/49 if I remember. {image}
Claudia

Cheers .......
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Logic will take you from A to B Imagination will take you anywhere (A.E)
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