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Billytt Die happy trading e/j daily breakout

  • #10,941
  • Sep 12, 2016 3:22am Sep 12, 2016 3:22am
Quoting Alaska
Hi Billyt.. Nice thread, just found it yesterday. For the EJ Daily breakout do you define breakout/trigger as previous Hi/Low +1 pip ??? Do you prefer stop entry or market orders for entry ??? / Thanks
Hello Alaska and welcome. E/J break out as with all the other break outs the actual high/low is the trigger but have your entry spread perfect. You can add a point or two but not moi.
Actually I was looking at Nasdaq 100 and that looks like it could well perform better with an added 1pt for entry (for me) still early days testing. take care and trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,942
  • Sep 12, 2016 3:29am Sep 12, 2016 3:29am
t 09-28 was going to say,
I have a counter on Usd/Cad but I am also looking the Daily Range so hopefully catch approx. 30+ if it drops look for it south, yay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,943
  • Sep 12, 2016 3:33am Sep 12, 2016 3:33am


I'm starting to see the wisdom in using simple concepts like yours.
Have you collected any stats for break of current hi/low daily bar ????

Thank you again
  • #10,944
  • Sep 12, 2016 3:33am Sep 12, 2016 3:33am
EJ Broke low for +5 .. spread perfect would be entry price and then deduct/add for spread? but wouldn't that cause many early entries?
  • #10,945
  • Sep 12, 2016 3:37am Sep 12, 2016 3:37am
Cable High break failure-posted 0936 hours
Attached Image (click to enlarge)
Click to Enlarge Name: Billy0936.jpg Size: 281 KB
every Saint has a past. Every Sinner has a Future
  • #10,946
  • Sep 12, 2016 3:42am Sep 12, 2016 3:42am
Quoting Alaska
I'm starting to see the wisdom in using simple concepts like yours. Have you collected any stats for break of current hi/low daily bar ???? Thank you again
yes, My simple stats are based on. IF a high/low is triggered how many points can I expect it to make if it then retraces ANSWER 10 , I have stats for 20 points too (they are good) I never do averages for the 10 . YOU HAVE TO SEE THEM ON A CHART. 04-00 candle is easier to trade based on it having a shorter range..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,947
  • Sep 12, 2016 3:44am Sep 12, 2016 3:44am
Quoting wannalearn12
EJ Broke low for +5 .. spread perfect would be entry price and then deduct/add for spread? but wouldn't that cause many early entries?
That is why my stats are based on +10 .. with + 10 I would actually make a definite +8, but I only want 5, I am getting better odds
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,948
  • Sep 12, 2016 3:46am Sep 12, 2016 3:46am
Quoting billytt
{quote} That is why my stats are based on +10 .. with + 10 I would actually make a definite +8, but I only want 5, I am getting better odds
I see. I like adding in the retrace, depending on how it actually retraces... that is... less risky bc only looking for original +5
  • #10,949
  • Sep 12, 2016 3:56am Sep 12, 2016 3:56am
Quoting wannalearn12
{quote} I see. I like adding in the retrace, depending on how it actually retraces... that is... less risky bc only looking for original +5
BEST POST OF THE DAY, you get the 5 or you get the retrace amount plus the +5 break.

edit, if you have a second pair trade running this retrace extra can be used to offset the bad trade.
I can explain better if anyone wishes..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,950
  • Sep 12, 2016 3:56am Sep 12, 2016 3:56am
Quoting bluemosaic
{quote} Thanks. Unfortunately missed the EURJPY short break - always another opportunity !


Morning.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #10,951
  • Sep 12, 2016 3:59am Sep 12, 2016 3:59am
Quoting billytt
{quote} BEST POST OF THE DAY, you get the 5 or you get the retrace amount plus the +5 break. edit, if you have a second pair trade running this retrace extra can be used to offset the bad trade. I can explain better if anyone wishes..
Please.
  • #10,952
  • Sep 12, 2016 4:04am Sep 12, 2016 4:04am
Dax did a nice drop off the 07-00 candle... on paper it looked like a rise but the trigger was low. It does not matter what it does now as the low was good. I DID NOT TEST IT, I am testing usd/cad and the A?u was good. ITS STILL DROPPING yay,, I made 5 £50 enough for pies and a pepsi
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,953
  • Sep 12, 2016 4:05am Sep 12, 2016 4:05am
Quoting wannalearn12
{quote} Please.
you are not meant to say that​
I shall answer in a minute ​
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,954
  • Sep 12, 2016 4:06am Sep 12, 2016 4:06am
Bah !! Who mentioned usd/cad the other day

Good example of short fail and long win Billy ?
But how would you have managed it Billy please ?
Attached Image (click to enlarge)
Click to Enlarge Name: CAD4.jpg Size: 262 KB
every Saint has a past. Every Sinner has a Future
  • #10,955
  • Sep 12, 2016 4:13am Sep 12, 2016 4:13am
Quoting wannalearn12
{quote} Please.
explained,
Attached Image


you see we have an edge

SORRY, I will answer shortly
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,956
  • Sep 12, 2016 4:14am Sep 12, 2016 4:14am
Quoting turnip15
Bah !! Who mentioned usd/cad the other day Good example of short fail and long win Billy ? But how would you have managed it Billy please ? {image}
I am still trading it Mr T, I countered at the high break and added a long for the break. (2nd trade)

edit, plus I am looking for the modest Daily Range, I am trying to put the game in my favour. It could retrace and I will counter again. It could a day or two to fix but it will..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,957
  • Sep 12, 2016 4:17am Sep 12, 2016 4:17am
Quoting billytt
{quote} explained, {image} you see we have an edge SORRY, I will answer shortly
Hehehe looks like my lecture board get me out of there.....
  • #10,958
  • Sep 12, 2016 4:33am Sep 12, 2016 4:33am
GBPUSD broke 04-00 low. Trade closed. Might have made my week LOL.

*Edit : Charts closed for day. thankful for the easy days... sometimes scarce
  • #10,959
  • Sep 12, 2016 4:35am Sep 12, 2016 4:35am
Quoting wannalearn12
{quote} Please.
an example of todays A/U 04-00 break.... I show 15 minute candle so you can see better.
Attached Image

A = 04-00 low trigger at 7523.
Trigger,,, then it retraced straightaway to B = 7531.
ok we did not know how far retrace would go...
(IF) we entered a short at Example 7530, it then dropped and we would of made + 5 at 7523 (the actual low trigger)
then it made the actual +5 (C)so therefore we make 10 points.and it kept dropping, but that is neither here nor there as we say..
we would of had a smaller stop if used.
Today with usd/cad is a good example it retraced then kept going up, so we would of lost less with the stop, except me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10,960
  • Sep 12, 2016 4:37am Sep 12, 2016 4:37am
Quoting billytt
{quote} an example of todays A/U 04-00 break.... I show 15 minute candle so you can see better. {image} A = 04-00 low trigger at 7523. Trigger,,, then it retraced straightaway to B = 7531. ok we did not know how far retrace would go... (IF) we entered a short at Example 7530, it then dropped and we would of made + 5 at 7523 (the actual low trigger) then it made the actual +5 so therefore we make 10 points.and it kept dropping, but that is neither here nor there as we say.. we would of had a smaller stop if used. Today with usd/cad is a good example...
Very clear. I think I have experienced this. GBPUSD triggered for me once retraced quite a bit from news, I added in some and when original was within a pip to BE I closed for large profits.

So original trade was negative when the rest were closed.
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