Billytt Die happy trading e/j daily breakout | Page 512 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #10,221
  • Sep 1, 2016 9:18am Sep 1, 2016 9:18am
Quoting DavidRP
{quote}
Will get email across later with August stuff.
  • #10,222
  • Sep 1, 2016 9:22am Sep 1, 2016 9:22am
Where to start selling ?? Supply at 320 area yet it's holding 00 so far. Give it 30 mins and then off we go lol.
  • #10,223
  • Sep 1, 2016 9:24am Sep 1, 2016 9:24am
Quoting claudia1
Where to start selling ?? Supply at 320 area yet it's holding 00 so far. Give it 30 mins and then off we go lol.
330-350 are my thoughts
  • #10,224
  • Sep 1, 2016 9:27am Sep 1, 2016 9:27am
Quoting DavidRP
{quote} 330-350 are my thoughts
Might leave it alone add NFP into the equation trouble all over the place. Let it calm down.
  • #10,225
  • Edited 10:58am Sep 1, 2016 9:44am | Edited 10:58am
Quoting claudia1
{quote} Might leave it alone add NFP into the equation trouble all over the place. Let it calm down.
Here we go. Gotta say I'm not confident. Started off low as usual.

Well - halfway to day target. Wait for 17.00 and see what happens.

Flat at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GUTHU.png Size: 26 KB
  • #10,226
  • Sep 1, 2016 12:18pm Sep 1, 2016 12:18pm
Quoting claudia1
{quote} Here we go. Gotta say I'm not confident. Started off low as usual. Well - halfway to day target. Wait for 17.00 and see what happens. Flat at the moment. {image}
Turned out a good day selling no real messes.
Attached Image (click to enlarge)
Click to Enlarge Name: guthuclose.png Size: 45 KB
  • #10,227
  • Sep 1, 2016 1:34pm Sep 1, 2016 1:34pm
Late Cable chart, ( posted 19:23 hours)

Looks a nice short break, and then long: but lower time frame ( say 15 minutes) shows trading either end for a profit was not straightforward.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: billy15.jpg Size: 230 KB
Click to Enlarge Name: billy1922.jpg Size: 230 KB
every Saint has a past. Every Sinner has a Future
  • #10,228
  • Sep 1, 2016 5:20pm Sep 1, 2016 5:20pm
Hello! For this particular trade, (USDJPY) I would go short as the next day bar is crossing the low of the current day bar? I marked the low of the day at 103.113. Would I enter the trade immediately or wait for a pullback and then enter? As the trade is entered should I move stop to BE+1 at +5 and micro manage from there? How long should these types of trades be held onto if they go against? I understand the importance of consistency, with small consistent gains great things can happen. If I have got anything wrong please don't hesitate to criticize, years of harsh coaches - I have thick skin. Thanks P.S. I have read almost the entire thread. Just wanted some input.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.jpg Size: 72 KB
  • #10,229
  • Sep 1, 2016 6:35pm Sep 1, 2016 6:35pm
Quoting wannalearn12
Hello! For this particular trade, (USDJPY) I would go short as the next day bar is crossing the low of the current day bar? I marked the low of the day at 103.113. Would I enter the trade immediately or wait for a pullback and then enter? As the trade is entered should I move stop to BE+1 at +5 and micro manage from there? How long should these types of trades be held onto if they go against? I understand the importance of consistency, with small consistent gains great things can happen. If I have got anything wrong please don't hesitate to criticize,...
Hello Wannalearn12 and welcome.... I do not have stats for U/J but I would trade the break of high as your chart shows make +5 and get out. Another method is wait for trigger then pullback (if it happens) and get your +5 or more that way. That is the easy part. With the Daily I would let the trade go against me approx. -30 before I made a counter trade. I would then look for the next trigger. It could be the break next day or a level break maybe an inside bar break. Trading the 04-00 4 hour candle is easier to trade with same results.
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,230
  • Sep 1, 2016 6:45pm Sep 1, 2016 6:45pm
Hi , I am having trouble with my charts.
U/J Daily.. It looks like it might go up to dp (daily pivot) then bounce down. If it breaks the low it is only 30 off the 00. so that is a clue.
IF it happens
Attached Image



edit, my apologies . The low of yesterdays candle Thur is only 6 off the 00 but it was also a pn or nearly a pin lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,231
  • Sep 1, 2016 6:53pm Sep 1, 2016 6:53pm
Quoting billytt
{quote} Hello Wannalearn12 and welcome.... I do not have stats for U/J but I would trade the break of high as your chart shows make +5 and get out. Another method is wait for trigger then pullback (if it happens) and get your +5 or more that way. That is the easy part. With the Daily I would let the trade go against me approx. -30 before I made a counter trade. I would then look for the next trigger. It could be the break next day or a level break maybe an inside bar break. Trading the 04-00 4 hour candle is easier to trade with same results. {image}...
Thank you for your reply Sorry I am not up to date on a lot of the lingo - is that the 4 am bar local time? You trade the break either direction of that bar I assume? I was very interested in your hedging ability, you essentially counter trade an opposite pair with more position size to cancel out the bad trade? I also noticed you put up the EJ and turned to AU more stable? Too Slow showed me most of what I know, I was snooping around and landed here. XD I am not a virgin to the charts as I have made profits / and am positive. I am just not nearly as consistent as I want to be. Reading from post one I have learned a lot. I aim for 5-20 pips a day. I focus mostly one EJ. Not really sure how to trade anything else.. even EJ for that matter ^.^ All the while I will continue to study the charts you have posted. Cheers!
  • #10,232
  • Sep 1, 2016 7:34pm Sep 1, 2016 7:34pm
[quote=wannalearn12;9115147]{quote} Thank you for your reply
E/J was my baby as they say and I also used to trade oil.
A/U on the 4 hour candle is a lot slower and getting +5 (after spread) is easier and less stressful and the range is easier to manage.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,233
  • Edited Sep 2, 2016 1:34am Sep 1, 2016 8:46pm | Edited Sep 2, 2016 1:34am
EJ is about to trigger yes? Will it retrace?

The trade went absolutely beautifully! Thank you Billy and everyone for giving me information to study. Entered 115.822 Closed 115.900
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_7.jpg Size: 66 KB
  • #10,234
  • Sep 2, 2016 2:27am Sep 2, 2016 2:27am
Some little messes (demo) with buys but finished ok
Attached Image (click to enlarge)
Click to Enlarge Name: buysell.jpg Size: 140 KB
  • #10,235
  • Sep 2, 2016 2:38am Sep 2, 2016 2:38am
I'm still with an hedge on A/U since yesterday , i didn't not take the short this morning ... no confidence in shorting , i'm waiting the break of the high of the 04:00 candle. i will increase lot size to close position. let's see how i goes (i hope to close it before NFP)

SB
trying to make everyday the best risk/reward decisions possible
  • #10,236
  • Sep 2, 2016 2:39am Sep 2, 2016 2:39am
Quoting DavidRP
Some little messes (demo) with buys but finished ok {image}
Wow...great report, makes for interesting study....well done

What is the expectations of the USA news later..??

Cheers all
Onwards and upwards...
  • #10,237
  • Sep 2, 2016 2:44am Sep 2, 2016 2:44am
good morning and a very long story.
Dax I shorted off the 06-00 2 hour candle
Attached Image

My laptop had problems placing pending order, (I cannot trade Dax off main Pc yet)
Attached Image (click to enlarge)
Click to Enlarge Name: dax.PNG Size: 5 KB

I got 8.5 points at a slightly higher lot size.
Trouble was for some reason Pc went stupid and froze and then triggered an A/U and Cable sell lol.
Cable I managed to close with a lucky 2 point gain but A/U is bad.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,238
  • Sep 2, 2016 2:45am Sep 2, 2016 2:45am
Quoting DavidRP
Some little messes (demo) with buys but finished ok {image}
good work davidrp
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,239
  • Sep 2, 2016 2:46am Sep 2, 2016 2:46am
Don't forget NFP day today.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,240
  • Sep 2, 2016 2:54am Sep 2, 2016 2:54am
I just put a sell stop on A/U in case we break down again
trying to make everyday the best risk/reward decisions possible
89 traders viewing now