Billytt Die happy trading e/j daily breakout | Page 377 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #7,521
  • Feb 26, 2016 12:44am Feb 26, 2016 12:44am
Hi all, A good start for you Pip. My Pc is now ok but I am leaving trading alone today....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,522
  • Feb 26, 2016 12:53am Feb 26, 2016 12:53am
Quoting billytt
Hi all, A good start for you Pip. My Pc is now ok but I am leaving trading alone today....
Morning Mr B,, any trade reason that you are not trading today or you just out and about
  • #7,523
  • Feb 26, 2016 1:01am Feb 26, 2016 1:01am
Quoting Piprader
{quote} Morning Mr B,, any trade reason that you are not trading today or you just out and about
Hello Pip, no reason at all.
I may post some stats later.
I do get days like this and I suppose I am just lazy lol.
Like at the start of the year I stopped trading because I had to adjust to using low lots as before Christmas I was trading very heavily.
A rest will do no harm.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,524
  • Feb 26, 2016 1:02am Feb 26, 2016 1:02am
Quoting billytt
t20-31.. on a short A/U using laptop, this should be fun. It was fun I got 8 points. The fun thing was, my friend the pro trader who came with the Pc guy showed me how her friend (long story) teaches people to trade on her online seminar sight. USING Stochs,MacD and a 20 sma lol. It worked, she even traded g/n and a yen pair successfully . But it isn't for me. Have a good day all

I wondered where this post went ...duh!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,525
  • Feb 26, 2016 1:05am Feb 26, 2016 1:05am
Quoting billytt
{quote} Hello Pip, no reason at all. I may post some stats later. I do get days like this and I suppose I am just lazy lol. Like at the start of the year I stopped trading because I had to adjust to using low lots as before Christmas I was trading very heavily. A rest will do no harm.
Take care Mr B and after all it is the last Friday in the month soooo mmmmm mmm does it make a difference it might then again .
  • #7,526
  • Feb 26, 2016 1:19am Feb 26, 2016 1:19am
Quoting Piprader
{quote} Take care Mr B and after all it is the last Friday in the month soooo mmmmm mmm does it make a difference it might then again .
it does and it depends. a lot of £££££ + $$$$ can be made on last day.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,527
  • Feb 26, 2016 2:22am Feb 26, 2016 2:22am
Friday = everything is possible .....
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,528
  • Feb 26, 2016 2:26am Feb 26, 2016 2:26am
brent so far
One failed Pin trade off the ma
But one good Pin trade off the big round numbers little friend - the XX50 level
Looks like oil bouncing off R1 ( and another XX50 level just above) lets see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: BrentFRI.jpg Size: 289 KB
every Saint has a past. Every Sinner has a Future
  • #7,529
  • Feb 26, 2016 2:54am Feb 26, 2016 2:54am
Quoting turnip15
brent so far One failed Pin trade off the ma But one good Pin trade off the big round numbers little friend - the XX50 level Looks like oil bouncing off R1 ( and another XX50 level just above) lets see what happens {image}
seems that oil is almost breaking downtrend trend-line on daily , and bears are trapped on the last lower low .... anyway ready for a pullback up at least
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #7,530
  • Feb 26, 2016 2:58am Feb 26, 2016 2:58am
Quoting landsat
{quote} seems that oil is almost breaking downtrend trend-line on daily , and bears are trapped on the last lower low .... anyway ready for a pullback up at least
Good observation lets see sent you a msg..
  • #7,531
  • Feb 26, 2016 3:04am Feb 26, 2016 3:04am
Quoting landsat
{quote} seems that oil is almost breaking downtrend trend-line on daily , and bears are trapped on the last lower low .... anyway ready for a pullback up at least
brent so far
Attached Image (click to enlarge)
Click to Enlarge Name: Daxsofar1.jpg Size: 301 KB
every Saint has a past. Every Sinner has a Future
  • #7,532
  • Feb 26, 2016 4:53am Feb 26, 2016 4:53am
Quoting landsat
Friday = everything is possible .....
Similar with holiday time (vacation) we are always told to not trade but trading Daily Break is still the same if we look for 10...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,533
  • Feb 26, 2016 5:08am Feb 26, 2016 5:08am
Quoting billytt
{quote} Similar with holiday time (vacation) we are always told to not trade but trading Daily Break is still the same if we look for 10...

Billy is absolutely correct...if the backtesting was done properly....all previous news events and days have been accounted for and the stats reflect this.....business as usual

Many pips !
Plan, Prepare, Execute, Repeat
  • #7,534
  • Feb 26, 2016 5:14am Feb 26, 2016 5:14am
Mr T. I know you trade Brent using your good method but do you ever use the overbought/sold clues. I spent several hours yesterday and today with a pro trader and I just let her speak (waffle on ) lol.
I am not a trader as such more of an escape artist but at the moment if I remember Brent is due for a correction ie, DROP . .......
Time 13-14
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,535
  • Feb 26, 2016 7:29am Feb 26, 2016 7:29am
Quoting billytt
Mr T. I know you trade Brent using your good method but do you ever use the overbought/sold clues. I spent several hours yesterday and today with a pro trader and I just let her speak (waffle on ) lol. I am not a trader as such more of an escape artist but at the moment if I remember Brent is due for a correction ie, DROP . ....... Time 13-14
Billy - can you elaborate with a chart or are you simply referring to stochastics etc and selling when over bought and buying when oversold ?
every Saint has a past. Every Sinner has a Future
  • #7,536
  • Feb 26, 2016 7:49am Feb 26, 2016 7:49am
Quoting turnip15
{quote} Billy - can you elaborate with a chart or are you simply referring to stochastics etc and selling when over bought and buying when oversold ?
Sometimes I mention over bought/sold on the RSI which I never ever trade off but am aware mof. If it is midway that is a different story. Same with stochs even though I never speak about them, I was just wondering if you looked at them as a matter of interest.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,537
  • Feb 26, 2016 8:16am Feb 26, 2016 8:16am
Quoting billytt
{quote} Sometimes I mention over bought/sold on the RSI which I never ever trade off but am aware mof. If it is midway that is a different story. Same with stochs even though I never speak about them, I was just wondering if you looked at them as a matter of interest.
I sometimes look at the cross of the 50 on the stochs but I like levels (Big round numbers etc)and hh and lower lows etc as a guide.
every Saint has a past. Every Sinner has a Future
  • #7,538
  • Feb 26, 2016 9:16am Feb 26, 2016 9:16am
Quoting billytt
Mr T. I know you trade Brent using your good method but do you ever use the overbought/sold clues. I spent several hours yesterday and today with a pro trader and I just let her speak (waffle on ) lol. I am not a trader as such more of an escape artist but at the moment if I remember Brent is due for a correction ie, DROP . ....... Time 13-14
Your correction young William
Have a good weekend all.
Attached Image (click to enlarge)
Click to Enlarge Name: BrentCorrected.jpg Size: 288 KB
every Saint has a past. Every Sinner has a Future
  • #7,539
  • Feb 26, 2016 10:35am Feb 26, 2016 10:35am
Quoting turnip15
{quote} Your correction young William Have a good weekend all. {image}
it is a bit too hit and miss for me ,(correction Trades) but if you look at the charts they happen all of the time. Brent dropped but it was looking for a good clue and not just assuming .You too have a good weekend Mr T.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,540
  • Feb 28, 2016 11:18am Feb 28, 2016 11:18am
It was last Friday of the month and another big move see what leap year day brings - anything could happen!.

Anyway looking at the 15 min on g/u it spent 6 hours in a 28 point range into 'broker' close. Surely it is going to break that range but which way? Exchange currently indicates a small gap up around 79/80 at the moment which would be good to test 00.

Small orders either side see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 27 KB
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