Billytt Die happy trading e/j daily breakout | Page 357 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #7,121
  • Feb 17, 2016 4:58am Feb 17, 2016 4:58am
Quoting turnip15
Finished for the day - lunch -then dentist for a check up and polish.
keep off the garlic then Mr T ..every time I visit dentist I almost fall asleep as I am so relaxed lol....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,122
  • Feb 17, 2016 7:18am Feb 17, 2016 7:18am
Break Long A/U ready .... lets see
Attached Image
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,123
  • Feb 17, 2016 7:44am Feb 17, 2016 7:44am
Quoting landsat
Break Long A/U ready .... lets see {image}
Bingo +10
Attached Image
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,124
  • Feb 17, 2016 7:53am Feb 17, 2016 7:53am
Quoting landsat
Break Long A/U ready .... lets see {image}
go for it, it is a big range candle. it looks good for 10 if/when it breaks long.If it breaks the Daily Trend line it just keep going for another 30 to start with. I might trade it using 2 small lots, if it then drops I/ll hit it with Pips Bat.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,125
  • Feb 17, 2016 7:57am Feb 17, 2016 7:57am
Quoting landsat
{quote} Bingo +10 {image}
I just realised you mean break of 08-00 candle, good trade. I am looking at break of 12-00.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,126
  • Feb 17, 2016 8:04am Feb 17, 2016 8:04am
Billyt

Thanks a lot for this nice and efficient system , instead of looking for more pips ie: 15 or 20 pips i will increase lots size using expo calculation with 400 pips margin
i calculate lot size using the following formula :
Account is Euro denominated so ...

Capital / 400 / 10 * Quote = Lot size

ie: 10 000 / 400 = 25
25 /10 = 2,5
2,5 * 1,1132 = 2,78 Lots

Each new trade i recalculate the lot size ... but if i have a losing trade next trade i keep the previous lot size ( i don't reduce lot size )
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,127
  • Feb 17, 2016 8:24am Feb 17, 2016 8:24am
Back from Dentist. All's well.
Pound/Yen Claudia hourly break of Open/Close (Note: High and Low ignored)
Ten plus pips gained.
I may be wrong but these types of trade (one or four hourly) are momentum type trades?
Get your ten pips and relax. Better than trying to get a bucket load per trade. Statistically, it is more likely you can get ten per trade as opposed to 20 or more per trade.
This was a random trade having returned from dentist. I normally look at 7am to 8am but may simply follow each bar through the day -comments welcome.
Well done Landsat.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #7,128
  • Feb 17, 2016 8:34am Feb 17, 2016 8:34am
Quoting turnip15
Back from Dentist. All's well. Pound/Yen Claudia hourly break of Open/Close (Note: High and Low ignored) Ten plus pips gained. I may be wrong but these types of trade (one or four hourly) are momentum type trades? Get your ten pips and relax. Better than trying to get a bucket load per trade. Statistically, it is more likely you can get ten per trade as opposed to 20 or more per trade. This was a random trade having returned from dentist. I normally look at 7am to 8am but may simply follow each bar through the day -comments welcome. Well done Landsat....
Turnip

i share the same point of view ... i think its safer to look for 10 pips heavy ... about your G/Y hourly break it makes sense using open close
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,129
  • Feb 17, 2016 9:06am Feb 17, 2016 9:06am
Quoting landsat
{quote} Turnip i share the same point of view ... i think its safer to look for 10 pips heavy ... about your G/Y hourly break it makes sense using open close
Hi Landsat,
It's not my idea -it's young Claudia's. I believe she suggested using a more volatile pair (such as G/Y) because the momentum is more likely to get your ten. Plus she suggested using the open/close. I think there are various ways to trade it -for example, you may find (taking the closing price of previous hour bar) you can trade breaks above and below the previous close etc. or just trade the break outs of the previous hourly bars' open or close.
every Saint has a past. Every Sinner has a Future
  • #7,130
  • Feb 17, 2016 11:08am Feb 17, 2016 11:08am
E/J again -10 pips and same (if taken) with the next hourly bar (break of open or close)
Apologies if I am boring anyone with too many charts -in any event, they are all destined (traded or not) for my research folder.
Attached Image (click to enlarge)
Click to Enlarge Name: 5pmEJ.jpg Size: 288 KB
every Saint has a past. Every Sinner has a Future
  • #7,131
  • Feb 17, 2016 11:14am Feb 17, 2016 11:14am
Quoting turnip15
{quote} Hi Landsat, It's not my idea -it's young Claudia's. I believe she suggested using a more volatile pair (such as G/Y) because the momentum is more likely to get your ten. Plus she suggested using the open/close. I think there are various ways to trade it -for example, you may find (taking the closing price of previous hour bar) you can trade breaks above and below the previous close etc. or just trade the break outs of the previous hourly bars' open or close.

It isn't as easy as it looks, Back test it and see all the fails. I think you probably need a specific time and maybe an indie which I don't really like..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,132
  • Feb 17, 2016 11:16am Feb 17, 2016 11:16am
I closed the 12-00 break trade for exactly 5 and also closed my second trade for 2. It hasn't or hadn't made the 10 when I closed reason being I am going out and I didn't want to be in a bad trade.. I shall check stats later. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,133
  • Feb 17, 2016 3:21pm Feb 17, 2016 3:21pm
Quoting billytt
{quote} It isn't as easy as it looks, Back test it and see all the fails. I think you probably need a specific time and maybe an indie which I don't really like..
Billy...you are absolutely correct in that all methods have pitfalls. I have found myself using 2 methods together all of the time lately and it seems to work....I think I might just migrate the ideas from my other thread to this one where there is a good amount of activity if that is OK with you Sir William

I think we all could benefit from the collective effort if you will??

Thoughts anyone??
Plan, Prepare, Execute, Repeat
  • #7,134
  • Feb 17, 2016 4:12pm Feb 17, 2016 4:12pm
Quoting swingtrade65
{quote} Billy...you are absolutely correct in that all methods have pitfalls. I have found myself using 2 methods together all of the time lately and it seems to work....I think I might just migrate the ideas from my other thread to this one where there is a good amount of activity if that is OK with you Sir William I think we all could benefit from the collective effort if you will?? Thoughts anyone??
​SwingTrade I know I would appreciate it. I currently use Daily Breaks, 4hr breaks, Claudias 1hr open/close,breakout boxes, eelfranz 5/3 ema, Daily Pivots and occasionally Heiken Ashi and even Clives CCI. I would love to say I was tremendously successful but I am not. Breakeven to slightly ahead. Gotta get a handle on it so all input is valuable to me. I recently religiously started taking only 5-6 pips TP and that seems to be the most successful thing I have done.
  • #7,135
  • Feb 17, 2016 4:15pm Feb 17, 2016 4:15pm
Quoting swingtrade65
{quote} Billy...you are absolutely correct in that all methods have pitfalls. I have found myself using 2 methods together all of the time lately and it seems to work....I think I might just migrate the ideas from my other thread to this one where there is a good amount of activity if that is OK with you Sir William I think we all could benefit from the collective effort if you will?? Thoughts anyone??
Excellent reply swingtrader, if it helps others make points please post.
Regarding the hour break, perhaps I have missed the info regarding entry etc.
For instance Claudias wine bar method, the daily pivot is broken and the closed hour candle (trigger) is then traded. the 08-00 uk open hour candle is good to trade break as is the US open but what about the others?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,136
  • Feb 17, 2016 4:18pm Feb 17, 2016 4:18pm
A/U ...the 12-00 candle did get the 10, so good for the stats. I thought with the Tue daily being broken we would of had more. Right now Wed Daily High is close to being broke so maybe the next 00 will be made.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,137
  • Feb 17, 2016 4:21pm Feb 17, 2016 4:21pm
A/U we have some Australian news coming out soon so be careful if trading the 4 hour candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,138
  • Feb 17, 2016 4:28pm Feb 17, 2016 4:28pm
Quoting billytt
A/U we have some Australian news coming out soon so be careful if trading the 4 hour candle.
Just preparing charts for tomorrow morning ..but will have a look A/U
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,139
  • Feb 17, 2016 4:32pm Feb 17, 2016 4:32pm
just looking at the last 2 Daily candles on E/J interesting situation
Attached Image (click to enlarge)
Click to Enlarge Name: Capture d’écran 2016-02-18 à 01.31.16.png Size: 67 KB
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,140
  • Feb 17, 2016 4:38pm Feb 17, 2016 4:38pm
BINGO and down it went. I thought it would go up lol. I am glad I did not post that comment.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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