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Billytt Die happy trading e/j daily breakout

  • #8,941
  • Jun 20, 2016 6:58pm Jun 20, 2016 6:58pm
E/G.... someone mentioned E/G...
It did drop to the previous support and then dropped to the 00 as I suggested , I am not sure about the daily range. But hope you see what experience brings lol.I STILL WOULDNT TRADE IT
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,942
  • Jun 20, 2016 7:00pm Jun 20, 2016 7:00pm
Quoting claudia1
Will cable hit 1.5 a massive number? I wasn't thinking that far ahead until someone mentioned it on pm. My view is this is being pushed up ready for a big fall with the Brexit issue on Thursday. Might be wrong.
I agree with the big fall, I wont be trading Cable for a long time , Infact I haven't even updated my stats yet but I will....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,943
  • Jun 20, 2016 7:44pm Jun 20, 2016 7:44pm
t 01-42. I have just updated my stats then took a look at the g/u tread, wished I hadn't ,the clown with the multi data chart just does my head in especially the Fire Cracker Effect.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,944
  • Jun 21, 2016 2:00am Jun 21, 2016 2:00am
07=59
A/U with modest daily range of 60, chart will be slightly out
, trade well
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,945
  • Jun 21, 2016 2:06am Jun 21, 2016 2:06am
Quoting billytt
07=59 A/U with modest daily range of 60, chart will be slightly out , trade well {image}
Thanks Billy. Quick question - I have the AU showing that it is only 6 pips away from the ADR high - does this mean probability of it moving higher is less and therefore riskier?
  • #8,946
  • Jun 21, 2016 2:06am Jun 21, 2016 2:06am
time 08-06
Cable ... + 10 made and also the modest 100 range, Still not traded by me.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,947
  • Jun 21, 2016 2:08am Jun 21, 2016 2:08am
Quoting bluemosaic
{quote} Thanks Billy. Quick question - I have the AU showing that it is only 6 pips away from the ADR high - does this mean probability of it moving higher is less and therefore riskier?
I answer later, in a A/U long at present
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,948
  • Jun 21, 2016 2:20am Jun 21, 2016 2:20am
Cable 4 am ( four hour ) bar break
Time 0818 am
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4H0818.jpg Size: 529 KB
every Saint has a past. Every Sinner has a Future
  • #8,949
  • Jun 21, 2016 2:26am Jun 21, 2016 2:26am
Quoting billytt
{quote} I answer later, in a A/U long at present
AU at 0825
Attached Image (click to enlarge)
Click to Enlarge Name: AUD0825.jpg Size: 479 KB
every Saint has a past. Every Sinner has a Future
  • #8,950
  • Jun 21, 2016 2:47am Jun 21, 2016 2:47am
I am having trouble getting on FF, (probably my laptop fault)
A/U.. I made +5 off the high break and closed it. The +10 (for stats) has not yet been made. Ideally it will drop now to make the Daily Range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,951
  • Jun 21, 2016 2:49am Jun 21, 2016 2:49am
Quoting bluemosaic
{quote} Thanks Billy. Quick question - I have the AU showing that it is only 6 pips away from the ADR high - does this mean probability of it moving higher is less and therefore riskier?
Hi Bluemosaic, 6 away from the ADR high??? or did you mean Cable. my modest range says we are still approx. 23 away (or was).
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,952
  • Jun 21, 2016 2:50am Jun 21, 2016 2:50am
Quoting turnip15
Cable 4 am ( four hour ) bar break Time 0818 am {image}
Thank you Mr T and good morning.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,953
  • Jun 21, 2016 2:52am Jun 21, 2016 2:52am
Quoting billytt
{quote} Hi Bluemosaic, 6 away from the ADR high??? or did you mean Cable. my modest range says we are still approx. 23 away (or was).
Hmm.. that is odd. Definitely looking at AU. Must be by ADR indicator. Will try another one for MT4 or better still think should stick to using your modest high
thanks
  • #8,954
  • Jun 21, 2016 3:04am Jun 21, 2016 3:04am
Quoting bluemosaic
{quote} Hmm.. that is odd. Definitely looking at AU. Must be by ADR indicator. Will try another one for MT4 or better still think should stick to using your modest high thanks
lol. My adr is my own calculation and very close to the one Claudia uses.. No matter what day it is in the week I use the previous weeks and 20 adr.
My adr 20 day is 78 , last week it was 87 and previous 77.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,955
  • Jun 21, 2016 3:11am Jun 21, 2016 3:11am
Quite often the Asian session runs the opposite way to UK .
The 04-00 candle is a major part of the Asian session plus the first hour of Europe open.
Looking at odds/stats.
We have a range from 00-00 until 08-00, what happens next? it will either keep going same direction or reverse to make the ADR. We have 2 choices 50/50. I prefer the 04-00 candle to be triggered make 5/10 then reverse This will then have very high odds of making the ADR,(1 choice)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,956
  • Jun 21, 2016 3:24am Jun 21, 2016 3:24am
A/U ADR my calculation which I always use
Attached Image

Red line is the 20 adr.... high =7534 and low is 7417...
My modest range is high 7516 and low 7435.
Yesterdays range is not calculated in nor weekends.

edit,, the low is now calculated off the highest high so far, hope I explain it ok.

edit 2.. My entry for the low adr would be the low of the 04-00 candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8,957
  • Edited 4:21am Jun 21, 2016 4:09am | Edited 4:21am
A/U 20 ADR 79.0 today so far 52.1

The indicator I use is attached.
Attached File(s)
File Type: mq4 ADR.mq4   3 KB | 234 downloads
  • #8,958
  • Edited 4:43am Jun 21, 2016 4:25am | Edited 4:43am
U/C worth looking at again. Bounced off days s1 for the third time on 60 min t/f. ADR 20 113.4 today 38.9 so far - lot's of room for a move. In a nice little down trend off last weeks high. S1 at 63 if it breaks then more down ? Take a look at the 4h and daily there's lots of potential for downside.

Probably go up now I said all that.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 28 KB
  • #8,959
  • Jun 21, 2016 4:53am Jun 21, 2016 4:53am
Always worth keeping an eye on.
Attached Image
  • #8,960
  • Jun 21, 2016 5:41am Jun 21, 2016 5:41am
Thanks Billy for the explanation - helps a lot.
Also thanks Claudia for the indicator. Giving better results than the one I was using.

Appreciate your help
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