Billytt Die happy trading e/j daily breakout | Page 368 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #7,341
  • Edited 1:57pm Feb 22, 2016 1:34pm | Edited 1:57pm
Quoting turnip15
@Claudia1 I am always interested in other peoples ideas -and it's a good excuse not to watch Emmerdale etc. 9 am to 9.30 am {image}
That to me is a hold and wait. You sat on mid bunny band (20 ema essentially)at the 00 area. Wait a clear break high/low. After the big fall on gbp I'd be careful with that one infact keep away for a while until we see some stability creeping back in. Edit: it did break looking on the 4h.
  • #7,342
  • Feb 22, 2016 2:07pm Feb 22, 2016 2:07pm
hi all, playing around with a few break outs this week. has anyone looked at break of 7am-8am bar on g/u? seems decent if looking for 10/15 pips. going to look at Billys ORB too. Trying to work a strategy around my day job and just search for a few pips a day

thanks
  • #7,343
  • Feb 22, 2016 3:02pm Feb 22, 2016 3:02pm
Quoting claudia1
{quote} That to me is a hold and wait. You sat on mid bunny band (20 ema essentially)at the 00 area. Wait a clear break high/low. After the big fall on gbp I'd be careful with that one infact keep away for a while until we see some stability creeping back in.
I was referring to the 9 am to 9.30 am range ?
But you are right about me keeping with Brent :-)
every Saint has a past. Every Sinner has a Future
  • #7,344
  • Feb 22, 2016 3:36pm Feb 22, 2016 3:36pm
Quoting billytt
David, for instance on 16th Feb, A/U broke high had retrace for -25 before coming good and it also broke low and it carried on for 10... That info should be correct as I looked at an email from that date. My Pc is off right now.
I have taken a look of the AU stats during 2015 with tp=10 and sl=30 and they don't look that good. Hedge and more discretion was needed.
  • #7,345
  • Feb 22, 2016 4:51pm Feb 22, 2016 4:51pm
Quoting DavidRP
{quote} I have taken a look of the AU stats during 2015 with tp=10 and sl=30 and they don't look that good. Hedge and more discretion was needed.
I take profit at 5 most of the time. Last year I had 2 losers mainly due to having to go out on urgent business. It is the hedge/counter trade which has to be learned.
Once in a bad trade the correction is like a machine working, that is why I stick to one pair or more important one trade at a time. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,346
  • Feb 22, 2016 5:05pm Feb 22, 2016 5:05pm
Quoting jmillard26
hi all, playing around with a few break outs this week. has anyone looked at break of 7am-8am bar on g/u? seems decent if looking for 10/15 pips. going to look at Billys ORB too. Trying to work a strategy around my day job and just search for a few pips a day thanks
Hello jmillard,, The 7-8 breakout is another decent method. It is breakout of Frankie open and quite often the high/low of the Asian session is formed during this time. The only reason I didn't look into it further is mainly due to sleep time lol. It seems to have good prospects but I am not sure if you can set and forget it and I have no stats for this one. Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,347
  • Feb 22, 2016 5:19pm Feb 22, 2016 5:19pm
A/U nice bear pin on the 16-00 4 hour candle... todays dp is going to be around the 00 so I might try a short off the 20-00 candle should the low trigger after midnight. lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,348
  • Feb 22, 2016 5:33pm Feb 22, 2016 5:33pm
Quoting billytt
A/U nice bear pin on the 16-00 4 hour candle... todays dp is going to be around the 00 so I might try a short off the 20-00 candle should the low trigger after midnight. lets see
Good hunting Mr B, I am kn,,,,ckerd sooo need zzzz's catch you soon . .
  • #7,349
  • Feb 22, 2016 5:40pm Feb 22, 2016 5:40pm
Quoting turnip15
Some FOUR HOUR charts I am saving/watching E/J is still in play {image} {image}
E/J made about 17 pips minus spread
every Saint has a past. Every Sinner has a Future
  • #7,350
  • Feb 22, 2016 5:49pm Feb 22, 2016 5:49pm
Quoting billytt
A/U nice bear pin on the 16-00 4 hour candle... todays dp is going to be around the 00 so I might try a short off the 20-00 candle should the low trigger after midnight. lets see
good evening

i spend the day looking at previous daily break signals on E/J ... it takes time to digest all informations
its like a puzzle .
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,351
  • Feb 22, 2016 5:58pm Feb 22, 2016 5:58pm
is it stupid to look at the break of weekly bar ?
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,352
  • Feb 22, 2016 6:02pm Feb 22, 2016 6:02pm
Quoting Piprader
{quote} Good hunting Mr B, I am kn,,,,ckerd sooo need zzzz's catch you soon . .
New day, trade well. Lets see how this A/U goes....Just waiting for an entry now
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,353
  • Feb 22, 2016 6:25pm Feb 22, 2016 6:25pm
Quoting landsat
is it stupid to look at the break of weekly bar ?

Definitely not stupid, When a weekly bar is broken it normally carries on for good return. I do not have stats for it but if it coincides with a daily break or 04-00 that is good for the shorter candle gain. This week a/u and cable have broken last weeks high/low.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,354
  • Edited 7:30pm Feb 22, 2016 7:05pm | Edited 7:30pm
time 01-02 E/J Daily Break, Low broken it made 10 and retrace before it did it (-15). Still going down

I am short on A/U but got pc on automatic.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,355
  • Feb 22, 2016 7:08pm Feb 22, 2016 7:08pm
A/U Daily Break,,, Sunday broke Fri but went to -19 retrace before moving up on the Monday.
Mon broke Sun high with no retrace before the 10 (actually 89)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,356
  • Feb 22, 2016 7:10pm Feb 22, 2016 7:10pm
E/J Daily Break, Sunday high broken then a 07 retraced before +10. The low was broken with no retrace before +10 (actual 63). Big numbers mean nothing to me I just want 5, except right now with this A/U trade lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,357
  • Feb 22, 2016 7:19pm Feb 22, 2016 7:19pm
Quoting landsat
{quote} good evening i spend the day looking at previous daily break signals on E/J ... it takes time to digest all informations its like a puzzle .
If it is any help landsat, If you look to see why a movement happens you might get confused (not you personally) you start looking at fundamentals and other pair correlations as to why a movement happens. I very rarely look at anything else just trade the break. Just lately I have been speaking about actual trades and trends.pivots, That is because I haven't been trading and getting bored.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,358
  • Feb 22, 2016 7:38pm Feb 22, 2016 7:38pm
time 01-36, A/U shorts just closed for 5 and I have another trade still running but it will close at +1 if it retraces. Hopefully it will aim for the pivot at 7206

edit, it went to -3 on the retrace before the 10 came ..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,359
  • Feb 23, 2016 2:23am Feb 23, 2016 2:23am
Quoting billytt
{quote} If it is any help landsat, If you look to see why a movement happens you might get confused (not you personally) you start looking at fundamentals and other pair correlations as to why a movement happens. I very rarely look at anything else just trade the break. Just lately I have been speaking about actual trades and trends.pivots, That is because I haven't been trading and getting bored.
Billyt

i'm just looking at the breakout ,nothing else , i'm working on counter trade mechanism .
by expérience i believe its not necessary to optimize too much signals ,often optimization make things difficult .
ready for a new day
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,360
  • Feb 23, 2016 3:14am Feb 23, 2016 3:14am
Quoting landsat
{quote} Billyt i'm just looking at the breakout ,nothing else , i'm working on counter trade mechanism . by exprience i believe its not necessary to optimize too much signals ,often optimization make things difficult . ready for a new day
agreed, Especially when you say READY FOR A NEW DAY (new trigger) for a correction trade.... I get pinged a lot by people telling me how to trade lol whether it is pivot related, trading off a bad placement using 50 MA etc. They answer their own questions as to why they fail. Have a good day mon ami..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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