Billytt Die happy trading e/j daily breakout | Page 657 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #13,121
  • Dec 21, 2016 3:28am Dec 21, 2016 3:28am
Quoting turnip15
{quote} Can I have batteries with mine please Billy :-)
just for you Mr T, and hope all is well..
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,122
  • Dec 21, 2016 3:34am Dec 21, 2016 3:34am
[quote=lemercenaire;9369536]{quote} Hi Billy - EJ is a steady-Eddie, UC is super-reliable and GN is just bonkers...all have their moments but those three are usually my first ports of call. CJ is first man up after that

yes indeed. E/J is/was my main pair for trading Daily Break and inside bars and then i retired trading. i only started on A/U as it is easier to trade and i am playing around now. having said that i did trade for 2 people not long ago .. Weird thing is one got in touch with me yesterday saying Santander had dropped interest rates down again so could i trade again for them lol. mmmmmmmm
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,123
  • Dec 21, 2016 3:36am Dec 21, 2016 3:36am
Quoting billytt
{quote} just for you Mr T, and hope all is well.. {image}
Hmmm.........I need a bigger hair dryer !!
every Saint has a past. Every Sinner has a Future
  • #13,124
  • Dec 21, 2016 3:37am Dec 21, 2016 3:37am
Quoting billytt
Quoting lemercenaire
{quote} Hi Billy - EJ is a steady-Eddie, UC is super-reliable and GN is just bonkers...all have their moments but those three are usually my first ports of call. CJ is first man up after that yes indeed. E/J is/was my main pair for trading Daily Break and inside bars and then i retired trading. i only started on A/U as it is easier to trade and i am playing around now. having said that i did trade for 2 people not long ago .. Weird thing is one got in touch with me yesterday saying Santander had dropped interest rates
...
Trading someone else's money is a pain in the ass...
  • #13,125
  • Dec 21, 2016 3:40am Dec 21, 2016 3:40am
t 09-39
Cable modest daily range
Attached Image

we normally have lower range over holidays but Cable can do anything at the moment.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,126
  • Dec 21, 2016 3:41am Dec 21, 2016 3:41am
For some reason USD/CAD 7 am to 8 am bar break has performed well lately -anyone has stats for that ?
every Saint has a past. Every Sinner has a Future
  • #13,127
  • Dec 21, 2016 3:42am Dec 21, 2016 3:42am
Quoting lemercenaire
{quote}{quote} Trading someone else's money is a pain in the ass...
it sure is, they gave me 28k a few months back and i doubled it lol.. AND got treated.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,128
  • Dec 21, 2016 3:43am Dec 21, 2016 3:43am
Quoting turnip15
For some reason USD/CAD 7 am to 8 am bar break has performed well lately -anyone has stats for that ?
not i Mr T, i'd probably blow a gasket if i started taking more stats. never heard of usd/cad lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,129
  • Dec 21, 2016 3:45am Dec 21, 2016 3:45am
Quoting billytt
Quoting lemercenaire
{quote} Hi Billy - EJ is a steady-Eddie, UC is super-reliable and GN is just bonkers...all have their moments but those three are usually my first ports of call. CJ is first man up after that yes indeed. E/J is/was my main pair for trading Daily Break and inside bars and then i retired trading. i only started on A/U as it is easier to trade and i am playing around now. having said that i did trade for 2 people not long ago .. Weird thing is one got in touch with me yesterday saying Santander had dropped interest rates
...
What I've noticed for AU, is that it tends more towards breakouts of the DZ range as its first move and as I am more drawn to trading WZ trades, I will jump over that pair.

On Witching Hour set-ups (00:00 H1 uk), it is a bit more balanced in how it behaves, with if anything, a slight bias to WZ. This is to be expected, as it is a Southern Hemisphere reaction to the UK and US sessions.

I am going to spend time over the hols and do a more detailed breakdown of the Witching Hour and how the pairs behave as compared to DZ.
  • #13,130
  • Dec 21, 2016 3:46am Dec 21, 2016 3:46am
Quoting turnip15
For some reason USD/CAD 7 am to 8 am bar break has performed well lately -anyone has stats for that ?
I was just going to ask you, lol...
  • #13,131
  • Dec 21, 2016 3:47am Dec 21, 2016 3:47am
Quoting billytt
{quote} it sure is, they gave me 28k a few months back and i doubled it lol.. AND got treated.
Oh, it's not the trading part that's the pain, it's having to deal with the people!
  • #13,132
  • Dec 21, 2016 3:51am Dec 21, 2016 3:51am
Here is the Cable 4 am break chart -good short and all I traded so far.
LEM - would this also qualify as a "Wick trade" where wick moved North into body then moved South and passed OUT of bottom of the south wick zone area (would you enter short on price leaving bottom of wick zone or as price (having moved North into the 4am candle body area) retraced past the close of the 4am bar ?

My short was triggered when price passed low of 4am bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4h0943.jpg Size: 525 KB
every Saint has a past. Every Sinner has a Future
  • #13,133
  • Dec 21, 2016 4:01am Dec 21, 2016 4:01am
Quoting lemercenaire
{quote}{quote} What I've noticed for AU, is that it tends more towards breakouts of the DZ range as its first move and as I am more drawn to trading WZ trades, I will jump over that pair. On Witching Hour set-ups (00:00 H1 uk), it is a bit more balanced in how it behaves, with if anything, a slight bias to WZ. This is to be expected, as it is a Southern Hemisphere reaction to the UK and US sessions. I am going to spend time over the hols and do a more detailed breakdown of the Witching Hour and how the pairs behave as compared to DZ.

I was only speaking about same thing to a trader not long ago.
He answered with (it happens all of the time with fundamentals) knock on effect.
But like i said yesterday, the big boys are playing a game
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,134
  • Dec 21, 2016 4:03am Dec 21, 2016 4:03am
Quoting lemercenaire
{quote} Oh, it's not the trading part that's the pain, it's having to deal with the people!
i got that as well. Having said that when brexit happened one of the people thought i had lost all her money lol. Being honest i told her the truth lost 50% lol .. nah it was safe...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,135
  • Dec 21, 2016 4:05am Dec 21, 2016 4:05am
Quoting turnip15
Here is the Cable 4 am break chart -good short and all I traded so far. LEM - would this also qualify as a "Wick trade" where wick moved North into body then moved South and passed OUT of bottom of the south wick zone area (would you enter short on price leaving bottom of wick zone or as price (having moved North into the 4am candle body area) retraced past the close of the 4am bar ? My short was triggered when price passed low of 4am bar. {image}
I would have traded long into the body, then countered as it retraced, closed the loss on the long as it exited the outer wick (the low of the candle - the distances in between are a bit too tight and fiddly to do much more)...but yes, entered as a (WZ) breakout.

I tend to give precedence to the trades into the body but price leaving the zone to the outside is just as valid.

I have to say, that I probably wouldn't have taken the long originally, as taking the short is how the Rat would do it
  • #13,136
  • Dec 21, 2016 4:07am Dec 21, 2016 4:07am
Quoting lemercenaire
{quote} I would have traded long into the body, then countered as it retraced, closed the loss on the long as it exited the outer wick (the low of the candle) but yes, entered as a (WZ) breakout. I tend to give precedence to the trades into the body but price leaving the zone to the outside is just as valid. I have to say, that I probably wouldn't have taken the long originally, as taking the short is how the Rat would do it
Thanks Lem.
Ah - the RAT -so you have read his scribblings as well. he has also made a lot of video's. Interesting fellow.
every Saint has a past. Every Sinner has a Future
  • #13,137
  • Dec 21, 2016 4:10am Dec 21, 2016 4:10am
Quoting turnip15
{quote} Thanks Lem. Ah - the RAT -so you have read his scribblings as well. he has also made a lot of video's. Interesting fellow.
I have alien dna, my friend.
  • #13,138
  • Dec 21, 2016 7:47am Dec 21, 2016 7:47am
Billy...here's one for you. On your AU 04:00 H4 trades have you ever run these numbers?:

Immediately enter at the close of the bar in the direction of that bar's close, in an H4 continuation trade.
If don't get your +5, then likelihood is it will go straight into a WZ trade back into the body.
If it does go on to breakout in the direction you have already entered, then you have already bagged extra pips as jam on top (and a buffer against a fake-out. Getting in early means that you may actually bag the +5 on the fake-out itself, rather than having to eat a loss on it and fight your way back via a counter).

Just having a quick look back, there seems to be some weight to this.
I am assuming here that you are waiting for a break of the H/L at the moment, if you are already doing what I have mentioned, feel free to slap me about the head.

Hope you don't mind the thoughts - was just mulling while watching a lovely GU 1-2-3 trade do its dance for me.
As you've said, there is shared dna in our methods and this seems a natural extension of these crossovers.
  • #13,139
  • Dec 21, 2016 7:58am Dec 21, 2016 7:58am
Hi Lem

CAD dead zone ( 12 to 1pm)
Break long failed then
short back into wick zone of DZ bar
and exit wick zone of DZ bar then.........
Long on crossing back into wick zone of DZ bar ?
Attached Image (click to enlarge)
Click to Enlarge Name: CADdz1352.jpg Size: 520 KB
every Saint has a past. Every Sinner has a Future
  • #13,140
  • Dec 21, 2016 8:44am Dec 21, 2016 8:44am
Quoting turnip15
For some reason USD/CAD 7 am to 8 am bar break has performed well lately -anyone has stats for that ?
You need the tools from the ADVANCED ALIEN CIVILIZATION
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