Billytt Die happy trading e/j daily breakout

Cable, that 12-00 bar pin looks interesting also with Lems dead zone looming for a trigger lol.

Dancing tonight woo woo. I am taking my lady friend with me. She is getting better and even better as i give her private lessons yay.

CAD dead zone of Lem's made at least 5

Yes -the next bar is forming within that bar, so we wait

Broke short

Update on that Cable 4 hour chart:

Fighting can be a dance, long live the 2000% hedge, (merely joking)

Okay-ma-doak-alay...Managed to avoid putting my back out while moving furniture one more time, which let's face it, is always a bonus. Did mean I couldn't trade any of these today, so only for-the-record. Looks like it would have been a chunky day! Nice...

EURJPY


USDCAD


AUDUSD


USDNOK


GBPNZD

Audnzd


gbpusd


cadjpy


nzdusd

[quote=lemercenaire;9232903]Okay-ma-doak-alay...Managed to avoid putting my back out while moving furniture one more time, which let's face it, is always a bonus.

good charts, soooooooooooooo many of them.
i didn't realise we had so many pairs lol.

I just got back from dancing, and guess what? IT WAS BRILLIANT.

[quote=billytt;9232919] They all play follow-the-leader...it's great!

You a bit hyper, Billy?!

how odd, my lady friend said i was hyper earlier. i am always buzzing though... i act like a youngster most of the time.

Good morning Billytt,
I want to understand your trading method.
Attach my trade this morning, please correct me. I am true / wrong?
Thank you.
Regards,
Treej

Pardon my response, but I may be able to offer some insight; as it is the AM hours of the UK and people are asleep. I am no master in the way that Billy trades, but here is an "overview" of what the "goal" is. At least, my perception.

I see you are trading EURJPY. I have not seen any stats on the 04-00 method for this pair, but I am sure it can be traded.

Keep in mind:
A. the Asian session can get JPY pairs going, so it might be best to look for the break of the previous day bar, as opposed to the 04-00 London bar.

B. Your chart is hard for me to see with the grid enabled.

The method relies on the power of the London open, so MAKE sure that the bar that is initializing your trade comes ON or AFTER the London open.

1. Mark the High and the Low of the 4h bar leading up to the London Open 4h bar.

2. Set pending orders on either side, a buy at the high and a sell at the low.

3. The exit is entirely up to the trader and their style. (this is the hard part, and the only way to get better is to practice)

Example Options
1. Some look for +5 and go about their day

2. Some scale out with a partial profit and set it to break even; and let the remainder run

What if the trade doesn't work?

1. Define your risk in the case that +5 is not hit

2. Look to trade the next trigger, which would be the other side of the pre-london open 4h bar, or the following days.

3. Cut losses early, there is always another trade.

4. Some like to Hedge, this is not my forte as I use stops and triggers only, maybe Billy can offer some insight into that aspect.

Again, Billy and the others have WAY more experience, so read and retain. Good luck to you.

If I fudged anything please call it out friends!

Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!

Thanks for ^ TS

Hey Billy! I was curious as to what type of dancing you participate in, I can't dance well myself XD

Treej

In fact as wannalearn12 said , keep it simple .... just check with your broker time , what is the equivalent time on your platform to match 04:00 08:00 London time.
exemple on my plateform 04:00 08:00 = 07:00 11:00 , so byllitt in UK is looking at the channel 04:00 08:00 (Billytt is using a broker using UK Time ) and I'm looking at 07:00 11:00 on my broker platform time
is important to understand you have to convert into your broker time not the time from where you leave ...

Just hope to clear

SB

[quote=wannalearn12;9233120]{quote} Pardon my response, but I may be able to offer some insight; as it is the AM hours of the UK and people are asleep. I am no master in the way that Billy trades, but here is an "overview" of what the "goal" is. At least, my perception............................

Thank you Wannalearn12.
Please check my chart attached.
EJ 2 Nov.16. 4 hour bar from London open H 114.999 L 114.554.
So, we pending order above/ below HL.
My question : how many pip we must set pending order above/below HL?
Thank you.

Thank you Slowbrain.