Billytt Die happy trading e/j daily breakout | Page 402 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #8,021
  • Edited 12:03pm Apr 11, 2016 11:22am | Edited 12:03pm
Definitely good food! All of your posts are good food. Keep them coming. I for sure look at them, study / analyze them for ideas I can use in my trading or for something I may have missed. Very valuable.


Quoting turnip15
The four hour close (Using the 4 am to 8 am AUD) is shown with its' close being broken by the next 4 hour bar breaking South. In this case the movement of the 8am to noon bar is shown where, from its open, it moved at least ten pips north and south from the close of the 4 to 8am bar. The close of the 4 am to 8 am bar is used as a "line in the sand" Food for thought? {image}
  • #8,022
  • Apr 11, 2016 11:55am Apr 11, 2016 11:55am
Quoting turnip15
The four hour close (Using the 4 am to 8 am AUD) is shown with its' close being broken by the next 4 hour bar breaking South. In this case the movement of the 8am to noon bar is shown where, from its open, it moved at least ten pips north and south from the close of the 4 to 8am bar. The close of the 4 am to 8 am bar is used as a "line in the sand" Food for thought? {image}
Turnip,Perhaps start a thread for it, and leave Billy's proven method to continue
  • #8,023
  • Apr 11, 2016 12:50pm Apr 11, 2016 12:50pm
Quoting FOURX
{quote} Turnip,Perhaps start a thread for it, and leave Billy's proven method to continue
No - Billy welcomes all sorts of discussion here, whether his own approach, or other ideas. And his comments are welcome. Until he says he wants commentary to revolve strictly around his approach I shall remain here. I make no apology if that upsets you.
every Saint has a past. Every Sinner has a Future
  • #8,024
  • Apr 11, 2016 3:18pm Apr 11, 2016 3:18pm
Quoting turnip15
{quote} No - Billy welcomes all sorts of discussion here, whether his own approach, or other ideas. And his comments are welcome. Until he says he wants commentary to revolve strictly around his approach I shall remain here. I make no apology if that upsets you.
Just a thought, no problem!
  • #8,025
  • Apr 11, 2016 6:18pm Apr 11, 2016 6:18pm
Quoting FOURX
{quote} Turnip,Perhaps start a thread for it, and leave Billy's proven method to continue
Keep posting Mr T, keep asking questions and posting suggestions.
Only thing is, that 04-00 candle is awesome and I do not think it can be bettered by any other. (12-00 is good).
There is more to it than that, which I cannot comment on due to the shhhhhhhh from a few months ago.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,026
  • Apr 11, 2016 6:20pm Apr 11, 2016 6:20pm
04-00 candle, another idea that works, Trade the 04-00 high/low and let it run to the previous days Daily high/low. This too works but I find it difficult to trade as it isn't my style.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,027
  • Edited 6:52pm Apr 11, 2016 6:40pm | Edited 6:52pm
Daily Break Stats,,,, from 3rd Jan to and including 11th April....
E/J,,,, Trades = 84..... Win = 76.... Loss = 08....... 65 trades had 20 or more pips.
G/U,,,, Trades = 85..... Win = 74... Loss = 11..... 65 trades had 20 or more pips.
A/U,,,, Trades = 89... Win = 79... Loss = 10.... 64 trades had 20 or more pips.


edit,,, all the win trades had a minimum 10 pip win pre spread
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,028
  • Apr 12, 2016 2:04am Apr 12, 2016 2:04am
Trade well all, If Cable high breaks I will definitely long it. I will only trade A/U if it breaks the low .04-00 candle that is. time 08-04.

edit, it actually triggered as I posted this, catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,029
  • Apr 12, 2016 2:14am Apr 12, 2016 2:14am
Cable 04-00 break. I put a conservative 100 daily range on chart. if it drops soon I will trade off the 04-00 low..
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,030
  • Apr 12, 2016 2:21am Apr 12, 2016 2:21am
Cable, I just closed my long trade for 5 %. it also did make +10. I also have a second trade running to see if it will hit 14320. If it drops I shall close with +1. Lets see. Hopefully I can get a trade in with A/U but only short.

edit, I just closed the second trade for +1. I felt uneasy lol. time 08-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,031
  • Apr 12, 2016 2:34am Apr 12, 2016 2:34am
A/U I left alone . It did break high and reached the conservative 70 then dropped. I would love it to now drop to 7550 as this will be a 100 adr low.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,032
  • Apr 12, 2016 2:39am Apr 12, 2016 2:39am
Cable, If the 04-00 candle low breaks I shall short it. Same with A/U even though it will freak me out if I have 2 trades running at same time lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,033
  • Apr 12, 2016 3:11am Apr 12, 2016 3:11am
I have just been asked... If I made my 5% with the Cable high, why will I short it.. BECAUSE I AM GREEDY lol. actually I am joking. I am only using a small lot size and I am testing it. simples.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,034
  • Apr 12, 2016 3:13am Apr 12, 2016 3:13am
Cable,, have you noticed we are on inside bars on the 4 hr candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,035
  • Apr 12, 2016 5:46am Apr 12, 2016 5:46am
Cable, it made it up. I closed my trade earlier as I said. But it is good too see it went to plan
Attached Image


A/U doing good too , (not traded though)

edit, inside bars ???????? hint hint
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,036
  • Apr 12, 2016 6:05am Apr 12, 2016 6:05am
AUD four hour ( 4 am to 8 am ) break

Plus
Look at close of 4 am bar and action of next 4 hour bar (8am to 12noon) -got some pips either way albeit was looking at long since the 4am bar closed long.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD4Hour.jpg Size: 534 KB
every Saint has a past. Every Sinner has a Future
  • #8,037
  • Apr 12, 2016 6:10am Apr 12, 2016 6:10am
And Cable 4am bar break (Please Correct me if I am wrong Billy )
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4am.jpg Size: 569 KB
every Saint has a past. Every Sinner has a Future
  • #8,038
  • Apr 12, 2016 6:55am Apr 12, 2016 6:55am
Quoting turnip15
AUD four hour ( 4 am to 8 am ) break Plus Look at close of 4 am bar and action of next 4 hour bar (8am to 12noon) -got some pips either way albeit was looking at long since the 4am bar closed long. {image}
Hello Mr T, correct 10/10.
I did not trade A/U only because I was trading/testing Cable. A/U broke high then retraced down before going up again. The retrace could of been traded.
Cable was excellent it made the high break then retraced . I stopped my second trade from running as I was actually going to seal my bath which I have now done. The adr off a conservative number 100 was made.
This range is nothing for Cable ask The Queen Claudia.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,039
  • Apr 12, 2016 6:59am Apr 12, 2016 6:59am
I will not be trading any more today but tomorrow I will be trading Cable or A/U with my normal lot size as I need money to pay the weekly bills. I will always prefer to short though
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,040
  • Apr 12, 2016 1:23pm Apr 12, 2016 1:23pm
Quoting billytt
I will not be trading any more today but tomorrow I will be trading Cable or A/U with my normal lot size as I need money to pay the weekly bills. I will always prefer to short though
U/C played out beautifully from that consolidation zone on the 4h the other day. Look at the support/resistance levels on the weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: ucweek.png Size: 31 KB
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