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Billytt Die happy trading e/j daily breakout

  • #7,981
  • Apr 8, 2016 4:25am Apr 8, 2016 4:25am
Quoting DavidRP
{quote} I meant if losses compute as -20 pips each one
oops sorry, for my stats, - 20 is a loss. Hope all is well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,982
  • Apr 8, 2016 4:45am Apr 8, 2016 4:45am
Quoting billytt
{quote} oops sorry, for my stats, - 20 is a loss. Hope all is well
  • #7,983
  • Apr 8, 2016 6:41am Apr 8, 2016 6:41am
Quoting FOURX
{quote} Sure that happens an awful lot. So much for keeping it simple
​You only go in one direction. If previous candle was red you go short - vice versa for long. It works for me -- but then I am simple.
  • #7,984
  • Apr 8, 2016 7:42am Apr 8, 2016 7:42am
I traded Brent and had to fight again for a few pips with some more losers. Last trade relieved the anguish :-)

AUD and Cable Charts for interest value
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every Saint has a past. Every Sinner has a Future
  • #7,985
  • Apr 8, 2016 10:36am Apr 8, 2016 10:36am
Quoting tomthepoppop
{quote} ​You only go in one direction. If previous candle was red you go short - vice versa for long. It works for me -- but then I am simple.
Hi Tomthepoppop, That is what I said and no one answered, IF it closes red short and green long. AND I repeat AND you don't get more simpler than me . It is surprising how that close line acts like a pivot. Thanks for sharing and MrT
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,986
  • Apr 8, 2016 10:42am Apr 8, 2016 10:42am
Quoting billytt
morning all, time 07-55 . on chart the lines (X) are were the daily Range can go, marked at 70 (conservative) and 100 pip range. Ok we might just have an inside bar. I want it to drop so that way I can trade for the minnions. {image}

edit It almost hit the conservative 70 a few hours ago but definitely has now. 60 range would of been good
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my days are past chasing pips/%% compounding but hope you can see how the daily range helps. Trade well and have a good weekend
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,987
  • Edited 11:27am Apr 8, 2016 11:13am | Edited 11:27am
Quoting billytt
{quote} edit It almost hit the conservative 70 a few hours ago but definitely has now. 60 range would of been good {image} my days are past chasing pips/%% compounding but hope you can see how the daily range helps. Trade well and have a good weekend
Been easy week on g/u until today. Very difficult talk about chasing/compounding lol out now thankfully JUST. How's the knee??

Been annoying FXDD rep (never heard of them before) have a read on broker discussion.
  • #7,988
  • Apr 8, 2016 4:10pm Apr 8, 2016 4:10pm
Quoting claudia1
{quote} Been easy week on g/u until today. Very difficult talk about chasing/compounding lol out now thankfully JUST. How's the knee?? Been annoying FXDD rep (never heard of them before) have a read on broker discussion.
Hi Claudia, I was compounding late last year as I wanted something and the knee is showing signs of getting better. Still no idea why I damaged ligaments. I will take a look at that thread. Have a good weekend
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,989
  • Apr 9, 2016 7:02am Apr 9, 2016 7:02am
As from Mon 11th I might be trading the Cable 04-00 candle break .
I have finished running tests over a long period and the stats are too good to be true lol.
I am not sure about trading A/U 04-00 break, perhaps I will get someone to trade for me. Lets see. OR I suppose I could trade 2 pairs if the initial trade starts earlier than the second.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,990
  • Apr 9, 2016 9:46am Apr 9, 2016 9:46am
Quoting tomthepoppop
{quote} ​You only go in one direction. If previous candle was red you go short - vice versa for long. It works for me -- but then I am simple.
Great to hear ��

Also look forward to it Billy.
  • #7,991
  • Apr 9, 2016 10:53am Apr 9, 2016 10:53am
Don't see many daily bars like this - see what next week brings. Breakout low or a pullback first ? Approaching lows for the year.

4h may have the clues in it.

Some obvious targets going down worth watching.
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  • #7,992
  • Apr 9, 2016 12:20pm Apr 9, 2016 12:20pm
Quoting claudia1
Don't see many daily bars like this - see what next week brings. Breakout low or a pullback first ? Approaching lows for the year. 4h may have the clues in it. Some obvious targets going down worth watching. {image} {image}
​Claudia - Could you briefly share how you basically trade the Daily Pivots. Just looking at your other charts it looks to me like you use price action in conjunction with the Pivots and just trade the cross of pivot line. This looks simple but I'm sure there is more to it. I would love to have it in my toolbox along with the Daily and 4hr breaks and trading the open of the daily bar. Thanks.
  • #7,993
  • Apr 10, 2016 8:59am Apr 10, 2016 8:59am
Quoting tomthepoppop
{quote} ​Claudia - Could you briefly share how you basically trade the Daily Pivots. Just looking at your other charts it looks to me like you use price action in conjunction with the Pivots and just trade the cross of pivot line. This looks simple but I'm sure there is more to it. I would love to have it in my toolbox along with the Daily and 4hr breaks and trading the open of the daily bar. Thanks.
Tom - I'll try and explain and yes there is more than just pivots but it is so hard to explain. But here we go!

I trade mainly g/u on an intraday basis.

60 min t/f is my favourite but also look at 15 min and 1 min for entry.

Numbers are important to me. If I see a break of say 20 zone going down, then high chances are it will hit 00 and so on. Yesterday's high/lows are important.

ADR can be so important too. Say G/U has a 20 day ADR of 120 and it's sat at 50 for the day you know there's movement coming.

Times of day are important to me - Frankfurt followed by London open, NY open and London close.

High impact news or Draghi/Yellen speaking I tend to avoid.

Nothing new there and all obvious but put it all together and it works for me. Basically trying to identify which way price is going in a liquid market and jump on board.
  • #7,994
  • Apr 10, 2016 10:39am Apr 10, 2016 10:39am
Quoting claudia1
{quote} Tom - I'll try and explain and yes there is more than just pivots but it is so hard to explain. But here we go! I trade mainly g/u on an intraday basis. 60 min t/f is my favourite but also look at 15 min and 1 min for entry. Numbers are important to me. If I see a break of say 20 zone going down, then high chances are it will hit 00 and so on. Yesterday's high/lows are important. ADR can be so important too. Say G/U has a 20 day ADR of 120 and it's sat at 50 for the day you know there's movement coming. Times of day are important to me -...
Claudia - Thank you. You said so much in such a short space. Very succinct and understandable. I will see if I can implement it. My toolkit is now complete.
  • #7,995
  • Apr 10, 2016 10:48am Apr 10, 2016 10:48am
Quoting claudia1
Don't see many daily bars like this - see what next week brings. Breakout low or a pullback first ? Approaching lows for the year. 4h may have the clues in it. Some obvious targets going down worth watching. {image} {image}
Hi Claudia

That what I see on USD/JPY

AB=CD + Fibo e level 161.8 +Ignor last Sma, for long.

Eur/Jpy not so clear...Price on weekly sma300 but not first time he there.


*GBP/JPY on strong support sma300 & sma400 weekly chart..maybe some small sneak attack down and then nice up move shold come
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  • #7,996
  • Apr 10, 2016 11:07am Apr 10, 2016 11:07am
Hi Claudia,
Excellent explanation how you/to ... trade and oh so simple. I know how you trade and you know me. (we should go on Mr and Mrs)
I rarely speak about adr until lately but have done so over a long time as it is so important.same as an inside bar, they always break. I am not sure about going out tonight as I have no one to take out (Billy no mates) so will probably end up testing ideas.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #7,997
  • Apr 10, 2016 4:32pm Apr 10, 2016 4:32pm
Quoting Nitsan_Levi
{quote} Hi Claudia That what I see on USD/JPY AB=CD + Fibo e level 161.8 +Ignor last Sma, for long. Eur/Jpy not so clear...Price on weekly sma300 but not first time he there. *GBP/JPY on strong support sma300 & sma400 weekly chart..maybe some small sneak attack down and then nice up move shold come {image} {image}
Hi Nitsan

I don't normally look as far as weekly charts, however I do agree with your analysis especially on U/J.

It's interesting times and also difficult to call - the referendum in the UK looming and all the other nonsense going on - anything can happen.

Ever look at g/n?

Thanks for posting - interesting.
  • #7,998
  • Apr 10, 2016 4:37pm Apr 10, 2016 4:37pm
Quoting billytt
Hi Claudia, Excellent explanation how you/to ... trade and oh so simple. I know how you trade and you know me. (we should go on Mr and Mrs) I rarely speak about adr until lately but have done so over a long time as it is so important.same as an inside bar, they always break. I am not sure about going out tonight as I have no one to take out (Billy no mates) so will probably end up testing ideas.
Suppose it's better than that awful dancing programme lol.
  • #7,999
  • Apr 10, 2016 4:47pm Apr 10, 2016 4:47pm
Quoting tomthepoppop
{quote} Claudia - Thank you. You said so much in such a short space. Very succinct and understandable. I will see if I can implement it. My toolkit is now complete.
It really is tough explaining and of course it goes deeper with account management etc.

I think it was Hanover said to me once - 'to replicate how you trade I would need to get inside your head'. Well that would confuse anyone but it's true.

You just got to make a system your own and ultimately if it works there's so much satisfaction in the achievement.
  • #8,000
  • Apr 11, 2016 2:08am Apr 11, 2016 2:08am
good morning hopefully I will trade Cable and A/U either direction. must dash ... time 08--07
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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