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Billytt Die happy trading e/j daily breakout

  • #10,401
  • Sep 4, 2016 2:55pm Sep 4, 2016 2:55pm
Quoting billytt
Wannalearn, something to look at. {image} Fri G/U 4 hour chart.... A = 04-00 candle... L = low,, h = high.. The low broke and actually failed. and what do I say ??? I say good odds if low fails the high will make +20 and the Daily Range (or modest 100) or vice versa. look what happened. High broke for + 60 and it actually just made the modest 100 range... It broke high at 13292,,, what happened IF you compounded every 20 points. instead ok making 60 points you would of made 160..(or very close.... you could even compound at 30 or 15 or being very...
say I traded the low break with a 1.0 it failed to my Sl at -20 I counter it with a 1.0 at -20 and then hammer the high break with 2.0 at plus 15 add another 4.0 ? So on so fourth?
  • #10,402
  • Edited 4:05pm Sep 4, 2016 3:52pm | Edited 4:05pm
Quoting wannalearn12
{quote} say I traded the low break with a 1.0 it failed to my Sl at -20 I counter it with a 1.0 at -20 and then hammer the high break with 2.0 at plus 15 add another 4.0 ? So on so fourth?
you counter at the break of high..

edit,,, I am speaking 04-00 break... I wouldn't counter at -20 just in case of whip/retrace.
If I was compounding it would be done after the fail and I would not of traded the fail. It is something you wait for.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,403
  • Sep 4, 2016 4:04pm Sep 4, 2016 4:04pm
Quoting billytt
dax Stats 06-00 2 hour candle,, from 1st Sept 2015 until and including 29thApril 2016 176 trades and 157 wins... the more I look at the charts the more I like the 1 hour break off the 23-00 and 07-00 candle..
Damn- now you have me poring over Dax charts Billy instead of watching Poldark
every Saint has a past. Every Sinner has a Future
  • #10,404
  • Sep 4, 2016 4:26pm Sep 4, 2016 4:26pm
Quoting billytt
{quote} you counter at the break of high.. edit,,, I am speaking 04-00 break... I wouldn't counter at -20 just in case of whip/retrace. If I was compounding it would be done after the fail and I would not of traded the fail. It is something you wait for.
Hmm not quite following. Sunday fun day has messed with my head a bit . I understand I think while posting this. The low failed, my foolishness got me into the trade. I get stopped out. I counter the trade with the next trigger of the high and hammer it like Thor while compounding.
  • #10,405
  • Sep 4, 2016 4:26pm Sep 4, 2016 4:26pm
Quoting wannalearn12
{quote} Hmm not quite following. Sunday fun day has messed with my head a bit . I understand I think while posting this. The low failed, my foolishness got me into the trade. I get stopped out. I counter the trade with the next trigger of the high and hammer it like Thor while compounding.
take the small loss for a huge gain.
  • #10,406
  • Sep 4, 2016 4:30pm Sep 4, 2016 4:30pm
Quoting turnip15
{quote} Damn- now you have me poring over Dax charts Billy instead of watching Poldark
I got onto trading 04-00 break by others speaking of it and I happened to see dax in that other thread..
It does look promising but it does have big range at times and moves fast.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,407
  • Sep 4, 2016 4:31pm Sep 4, 2016 4:31pm
Quoting wannalearn12
{quote} take the small loss for a huge gain.
which trade are you speaking of and what time frame?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,408
  • Sep 4, 2016 5:31pm Sep 4, 2016 5:31pm
Quoting billytt
{quote} which trade are you speaking of and what time frame?
The trade you just posted an example of. Was I correct in my thinking?
  • #10,409
  • Sep 4, 2016 5:45pm Sep 4, 2016 5:45pm
Quoting wannalearn12
{quote} The trade you just posted an example of. Was I correct in my thinking?
I see. As an example of compound ding (my version) ,
The low failed and when the high broke my first trade would be 1 at x stop, after 20 points gain close 1st trade or add to it..next trade then is 2 at x stop.... after 20 point gain close 2nd trade or add to it. next trade then is 4 at x stop get to + 20 close... That is the simple version. I would not trade like this unless my stats say I have good odds.The first high/low needs to fail to give you more chance to win.

edit, this type of trading has nothing to do with Daily or 04-00 break and definitely nothing to do with oil spikes
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,410
  • Sep 4, 2016 5:53pm Sep 4, 2016 5:53pm
Quoting billytt
Wannalearn, something to look at. {image} Fri G/U 4 hour chart.... A = 04-00 candle... L = low,, h = high.. The low broke and actually failed. and what do I say ??? I say good odds if low fails the high will make +20 and the Daily Range (or modest 100) or vice versa. look what happened. High broke for + 60 and it actually just made the modest 100 range... It broke high at 13292,,, what happened IF you compounded every 20 points. instead ok making 60 points you would of made 160..(or very close.... you could even compound at 30 or 15 or being very...
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 43 KB


Last 24 bars of H1 high/low lines for each bar.
Showing lines that have not been crisscrossed.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,411
  • Sep 4, 2016 5:56pm Sep 4, 2016 5:56pm
[quote=TooSlow;9119262]{quote} {image} Last 24 bars of H1 high/low lines for each bar.
Hi TS, Claudia spoke of the consolidation not long ago, hope you are ok, good chart.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,412
  • Sep 4, 2016 6:39pm Sep 4, 2016 6:39pm
Quoting billytt
{quote} I see. As an example of compound ding (my version) , The low failed and when the high broke my first trade would be 1 at x stop, after 20 points gain close 1st trade or add to it..next trade then is 2 at x stop.... after 20 point gain close 2nd trade or add to it. next trade then is 4 at x stop get to + 20 close... That is the simple version. I would not trade like this unless my stats say I have good odds.The first high/low needs to fail to give you more chance to win. edit, this type of trading has nothing to do with Daily or 04-00 break...
The "next trade" is a completely different 04-00/daily hi/lo break setup? Adding to a trade on retracements is not the same thing correct?
  • #10,413
  • Sep 4, 2016 6:42pm Sep 4, 2016 6:42pm
[quote=billytt;9119264]
Quoting TooSlow
{quote} {image} Last 24 bars of H1 high/low lines for each bar. Hi TS, Claudia spoke of the consolidation not long ago, hope you are ok, good chart.
Doing well, thank you.
Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,414
  • Sep 4, 2016 7:01pm Sep 4, 2016 7:01pm
Quoting wannalearn12
{quote} The "next trade" is a completely different 04-00/daily hi/lo break setup? Adding to a trade on retracements is not the same thing correct?
correct... I do not speak of (compounding) very often. I only compound when I want to buy something big. I will then be very selective of what I trade and when.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,415
  • Sep 4, 2016 7:04pm Sep 4, 2016 7:04pm
Quoting billytt
{quote} correct... I do not speak of (compounding) very often. I only compound when I want to buy something big. I will then be very selective of what I trade and when.
So crystal thank you. I will cease with the bombardment of questions. Thank you so much. I will continue to lurk.
  • #10,416
  • Sep 4, 2016 7:27pm Sep 4, 2016 7:27pm
Quoting wannalearn12
{quote} So crystal thank you. I will cease with the bombardment of questions. Thank you so much. I will continue to lurk.
no problem, keep asking questions as I am happy to help. I just hope I explain ok.. It is difficult online.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,417
  • Sep 4, 2016 7:32pm Sep 4, 2016 7:32pm
Quoting billytt
{quote} no problem, keep asking questions as I am happy to help. I just hope I explain ok.. It is difficult online.
It is, I agree. I believe I have everything sorted on how I am going to fix mistakes. One thing though, on the last chart you posted the price broke the 04-00 low... you said you wouldn't trade the low and would only trade the high for that huge gain, smack it hard, I know why you compounded it... I just don't know why the low break was skipped... why did you avoid getting into the low break? ** Is there an indicator/formula I can use to find the daily range so I can make my targets.
  • #10,418
  • Sep 4, 2016 7:43pm Sep 4, 2016 7:43pm
[quote=wannalearn12;9119351]{quote} It is, I agree. I believe I have everything sorted on how I am going to fix mistakes.
If I am compounding, I wait for the trade the ideal set up is for the high/low to trigger and fail.. This way I have better odds of making a gain when I do enter. a high/low might trigger and keep going that would be good but I am looking to compound and this means I am hunting the daily range for the extra points.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,419
  • Sep 4, 2016 7:45pm Sep 4, 2016 7:45pm
[quote=billytt;9119362]
Quoting wannalearn12
{quote} It is, I agree. I believe I have everything sorted on how I am going to fix mistakes. If I am compounding, I wait for the trade the ideal set up is for the high/low to trigger and fail.. This way I have better odds of making a gain when I do enter. a high/low might trigger and keep going that would be good but I am looking to compound and this means I am hunting the daily range for the extra points.
Understood.
  • #10,420
  • Sep 4, 2016 7:52pm Sep 4, 2016 7:52pm
example... A/U 20-00 4 hour candle...Sunday
Attached Image

A = Sunday candle...
I WOULD NEVER TRADE THIS,,, BUT if i had all my stats for it ..
The low failed and then High broke, in theory it should now go to the modest daily range which is just over 40 away. so either make 40 or compound and make 80.. like I said I would never trade this but if it does win it will show what I am speaking about....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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