Billytt Die happy trading e/j daily breakout | Page 626 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #12,501
  • Nov 30, 2016 6:48pm Nov 30, 2016 6:48pm
Quoting wannalearn12
{quote} I was trying to break it even drag and drop, dragged it too far and insta-closed. Lesson learned use the number input. How much more does EJ have left? It's nearly hit 200 pips. Billy, regarding EJ what do the stats say about large range like this?
Hi bud, without looking. a big range either leave it or go for the +5. i wouldn't try to counter a bad trade. so probably take the loss IF i traded it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,502
  • Nov 30, 2016 10:52pm Nov 30, 2016 10:52pm
@BrokeCollege

High probability trade - e/u on 15 min.

Been in a very tight range for around 10 hours.

Big round number and daily pivot acting as resistance so far. Has to break one way or another out of that box.

Orders either side.

Attached Image (click to enlarge)
Click to Enlarge Name: eu15.png Size: 29 KB
  • #12,503
  • Nov 30, 2016 11:30pm Nov 30, 2016 11:30pm
Quoting claudia1
@BrokeCollege High probability trade - e/u on 15 min. Been in a very tight range for around 10 hours. Big round number and daily pivot acting as resistance so far. Has to break one way or another out of that box. Orders either side. {image}
Hi Claudia, looks like it went for +10 as soon as you sent the message! Thanks for the info. I kinda get the idea now. Good stuff
  • #12,504
  • Nov 30, 2016 11:41pm Nov 30, 2016 11:41pm
If you like break outs which I do and want to learn go have a read of http://www.forexfactory.com/showthread.php?t=302007

The guy has long gone but his system is similar to the one just posted. Break out of consolidaton. Simple stuff.

Think they developed an indi and/or ea at some point. Worth a read.
  • #12,505
  • Dec 1, 2016 2:05am Dec 1, 2016 2:05am
PINCH PUNCH FIRST OF THE MONTH,,, trade well all and have a good December, t 08-05
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,506
  • Dec 1, 2016 2:13am Dec 1, 2016 2:13am
Quoting billytt
PINCH PUNCH FIRST OF THE MONTH,,, trade well all and have a good December, t 08-05
Short A/U 4 h break...
trying to make everyday the best risk/reward decisions possible
  • #12,507
  • Dec 1, 2016 2:18am Dec 1, 2016 2:18am
Quoting billytt
PINCH PUNCH FIRST OF THE MONTH,,, trade well all and have a good December, t 08-05
only issue with the short is the 00 .... lets see

Edit: +5 done deal
trying to make everyday the best risk/reward decisions possible
  • #12,508
  • Dec 1, 2016 2:33am Dec 1, 2016 2:33am
Quoting slowbrain
{quote} only issue with the short is the 00 .... lets see Edit: +5 done deal
yes indeed, but look over old charts.. The 00 is a point to aim for in a trade . AND look how often it retraces off 00 and how often it breaks through. We look for +5 and have good odds to get it....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,509
  • Dec 1, 2016 2:37am Dec 1, 2016 2:37am
t 08-35.... A/U low broke at 7400 . i got +5 even though the +10 hasn't been made. It also retraced a bit just after trigger this got extra points... A good start to December...........
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,510
  • Dec 1, 2016 2:38am Dec 1, 2016 2:38am
Quoting billytt
{quote} yes indeed, but look over old charts.. The 00 is a point to aim for in a trade . AND look how often it retraces off 00 and how often it breaks through. We look for +5 and have good odds to get it....
EU trade posted earlier is a classic example of this.

Broke the 00 and dp then ran up to 30 area (shock lol) then straight back to 00 area.
  • #12,511
  • Dec 1, 2016 2:44am Dec 1, 2016 2:44am
Quoting billytt
{quote} yes indeed, but look over old charts.. The 00 is a point to aim for in a trade . AND look how often it retraces off 00 and how often it breaks through. We look for +5 and have good odds to get it....
Billytt

count on me to do it .... I will look over old charts and record stats ...
dancing was good last night ?
trying to make everyday the best risk/reward decisions possible
  • #12,512
  • Dec 1, 2016 2:50am Dec 1, 2016 2:50am
Quoting slowbrain
{quote} only issue with the short is the 00 .... lets see Edit: +5 done deal
t 08-46
chart is A/U on 2 minutes so you can see.
Attached Image

X = 7400 low, it triggered then retraced a few points (circled) it then made + 5 (both trades) and then retraced again (circled) this hasnt made + 5 but has made some. You can play this game until either it fails or it reaches the +10 limit ie 7390
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,513
  • Dec 1, 2016 2:54am Dec 1, 2016 2:54am
Quoting slowbrain
{quote} Billytt count on me to do it .... I will look over old charts and record stats ... dancing was good last night ?
Attached Image

t 08-53.. it still hasnt made +10 off the low trigger. You can re enter another short .. This 04-00 break can still fail even though we have made £££. i have stopped for the day
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,514
  • Dec 1, 2016 2:57am Dec 1, 2016 2:57am
Quoting billytt
{quote} {image} t 08-53.. it still hasnt made +10 off the low trigger. You can re enter another short .. This 04-00 break can still fail even though we have made . i have stopped for the day

Very clear billytt , smart and wise ...nothing new under the sun when coming from you (as always with your trading tips) .... and very safe ...
trying to make everyday the best risk/reward decisions possible
  • #12,515
  • Dec 1, 2016 2:59am Dec 1, 2016 2:59am
08-57
Attached Image


it dropped and made +10 (for stats)
It doesnt do this every day but we got bonus points not just the +5... These extra points can be used to off set a bad trade yay. trade well all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,516
  • Dec 1, 2016 3:05am Dec 1, 2016 3:05am
Quoting billytt
08-57 {image} it dropped and made +10 (for stats) It doesnt do this every day but we got bonus points not just the +5... These extra points can be used to off set a bad trade yay. trade well all
very good hint ... I just add the 1mn chart to follow up trigger
Attached Image (click to enlarge)
Click to Enlarge Name: uyuy.PNG Size: 112 KB
trying to make everyday the best risk/reward decisions possible
  • #12,517
  • Dec 1, 2016 3:06am Dec 1, 2016 3:06am
I said yesterday aBout A/U acting odd AND was going to move. WHICH IT DID.. But the 00 was acting as resistance, don't just ignore a 00 but normally on a 04-00 break it doesn't matter....
i say this as i am getting pinged off gurus lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,518
  • Dec 1, 2016 3:07am Dec 1, 2016 3:07am
Quoting slowbrain
{quote} very good hint ... I just add the 1mn chart to follow up trigger {image}

good...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,519
  • Dec 1, 2016 3:12am Dec 1, 2016 3:12am
Quoting billytt
{quote} good...
did you see on the 1h chart I got your Modest Range H&L .... +90% of the time we touch at least of it ...
trying to make everyday the best risk/reward decisions possible
  • #12,520
  • Dec 1, 2016 3:15am Dec 1, 2016 3:15am
A/U Daily Chart,,,
Attached Image (click to enlarge)
Click to Enlarge Name: au 1 12 -D.PNG Size: 29 KB

00 get broken, Remember we trade off the 04-00 for +10. we change the rules for our benefit....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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