Billytt Die happy trading e/j daily breakout | Page 808 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #16,141
  • Mar 29, 2017 3:02am Mar 29, 2017 3:02am
Quoting DavidRP
{quote} some retracement before selling again?
I'd need to see a break of 2400 before entering down.
  • #16,142
  • Mar 29, 2017 3:20am Mar 29, 2017 3:20am
Billytt

Black swan .... i started to trade E/J daily break since yesterday , and results its 2 losses in a row ... i know based on stats tomorrow should be OK ...

Edit: i did not play the break of sunday candle ....

SB
trying to make everyday the best risk/reward decisions possible
  • #16,143
  • Mar 29, 2017 3:29am Mar 29, 2017 3:29am
test trade Dax 0730 bar.
Lem wick zone would have achieved the ten pip short and easily ten plus long.
OR a straight ten "Billy" break LONG of 0730 bar high.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax0730h0919.jpg Size: 540 KB
every Saint has a past. Every Sinner has a Future
  • #16,144
  • Mar 29, 2017 3:34am Mar 29, 2017 3:34am
Quoting claudia1
Good day for sellers yesterday. No idea where this going today - all about Brexit I guess. Moved up on LO as I write. Usually a quiet day after a largish move - but end of quarter etc ........ {image}
I have a long break signal of 4am to 8am bar that was triggered a little while ago. it is struggling to have any enthusiasm for a long !
every Saint has a past. Every Sinner has a Future
  • #16,145
  • Mar 29, 2017 3:38am Mar 29, 2017 3:38am
Quoting turnip15
{quote} I have a long break signal of 4am to 8am bar that was triggered a little while ago. it is struggling to have any enthusiasm for a long !
Was a big move overnight - being very careful.

Dax - surely if you if you looking at breakouts from Asian markets you would work from Frankie open. No ?

Edit: looks like you talked cable up
  • #16,146
  • Mar 29, 2017 3:44am Mar 29, 2017 3:44am
Quoting slowbrain
Billytt Black swan .... i started to trade E/J daily break since yesterday , and results its 2 losses in a row ... i know based on stats tomorrow should be OK ... Edit: i did not play the break of sunday candle .... SB
What levels did you get in at? What spread do you get? I'm not convinced EJ is a great pair to scalp 5-10 pips due to largish spread compared to AU and GU, let's see what Billy thinks......
Here is my chart with the 4hr close, looks like an easy trade.....but most of life is easy in hindsight
Attached Image
used to be undecided but nowadays can't make my mind up
  • #16,147
  • Mar 29, 2017 3:47am Mar 29, 2017 3:47am
Quoting mrcreosote
{quote} What levels did you get in at? What spread do you get? I'm not convinced EJ is a great pair to scalp 5-10 pips due to largish spread compared to AU and GU, let's see what Billy thinks...... Here is my chart with the 4hr close, looks like an easy trade.....but most of life is easy in hindsight {image}
Im on daily break , not 04:00 break , so hunting for 20 pips

SB
trying to make everyday the best risk/reward decisions possible
  • #16,148
  • Mar 29, 2017 3:51am Mar 29, 2017 3:51am
Quoting claudia1
{quote} Was a big move overnight - being very careful. Dax - surely if you if you looking at breakouts from Asian markets you would work from Frankie open. No ? Edit: looks like you talked cable up
Thank goodness. Closed that one with a sigh of relief.
Frankie open ? I am testing a "Billy" idea hence the 7.30am to 8am test trades Claudia.
every Saint has a past. Every Sinner has a Future
  • #16,149
  • Mar 29, 2017 3:54am Mar 29, 2017 3:54am
Quoting mrcreosote
{quote} What levels did you get in at? What spread do you get? I'm not convinced EJ is a great pair to scalp 5-10 pips due to largish spread compared to AU and GU, let's see what Billy thinks...... Here is my chart with the 4hr close, looks like an easy trade.....but most of life is easy in hindsight {image}
E/J spread via spread bet company IG. Not too large ?
Attached Image (click to enlarge)
Click to Enlarge Name: EJspread.jpg Size: 550 KB
every Saint has a past. Every Sinner has a Future
  • #16,150
  • Mar 29, 2017 3:57am Mar 29, 2017 3:57am
Quoting slowbrain
{quote} Im on daily break , not 04:00 break , so hunting for 20 pips SB
OK so what's your definition of 'daily break'?
used to be undecided but nowadays can't make my mind up
  • #16,151
  • Mar 29, 2017 4:03am Mar 29, 2017 4:03am
Quoting turnip15
{quote} E/J spread via spread bet company IG. Not too large ? {image}
So you'e got a 1.5 spread on a ADR of 93 compared to a 0.9 spread on an ADR of 96 with GU
OR a spread of 0.6 on an ADR of 62 with AU
From a mathematical viewpoint what makes more sense?
used to be undecided but nowadays can't make my mind up
  • #16,152
  • Mar 29, 2017 4:16am Mar 29, 2017 4:16am
Quoting mrcreosote
{quote} OK so what's your definition of 'daily break'?
MC

enter long when crossing yesterday high
enter short when crossing yesterday low

nothing complicate so good for me

SB
trying to make everyday the best risk/reward decisions possible
  • #16,153
  • Mar 29, 2017 4:22am Mar 29, 2017 4:22am
Quoting mrcreosote
{quote} So you'e got a 1.5 spread on a ADR of 93 compared to a 0.9 spread on an ADR of 96 with GU OR a spread of 0.6 on an ADR of 62 with AU From a mathematical viewpoint what makes more sense?
Statistics of win rate is more important than spread
between 80% winning trade with 1.5 spread and 65 % winning trade at 0.9 spread what makes more sense ?

SB
trying to make everyday the best risk/reward decisions possible
  • #16,154
  • Mar 29, 2017 4:35am Mar 29, 2017 4:35am
Quoting slowbrain
{quote} Statistics of win rate is more important than spread between 80% winning trade with 1.5 spread and 65 % winning trade at 0.9 spread what makes more sense ? SB
Old English proverb say that 73.6% of statistics are made up! Or is it 79.48%?
So far my stats say EJ failed to break BOTH the last 2 days high or low by more than 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-03-29_10-34-38.png Size: 11 KB
used to be undecided but nowadays can't make my mind up
  • #16,155
  • Mar 29, 2017 4:36am Mar 29, 2017 4:36am
Quoting slowbrain
{quote} Statistics of win rate is more important than spread between 80% winning trade with 1.5 spread and 65 % winning trade at 0.9 spread what makes more sense ? SB
In fairness he has a point.

All depends on what you looking for - if its +5 then 1.5 spread will kill +100 then it doesn't matter.
  • #16,156
  • Mar 29, 2017 4:40am Mar 29, 2017 4:40am
Quoting mrcreosote
{quote} Old English proverb say that 73.6% of statistics are made up! Or is it 79.48%? So far my stats say EJ failed to break BOTH the last 2 days high or low by more than 10 pips {image}
Fir the last 60 trading days I got
12 loss for 36 win
if you have a currency with better stats for daily break I will be pleased to know which one
trying to make everyday the best risk/reward decisions possible
  • #16,157
  • Mar 29, 2017 5:50am Mar 29, 2017 5:50am
Caught the 0400 4HR EUR/JPY break this morning. Got +10 and let the rest run for a bit. (Edit - my EJ spread between 0.5-0.7)
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-29_1147.png Size: 39 KB
  • #16,158
  • Mar 29, 2017 7:29am Mar 29, 2017 7:29am
Quoting claudia1
{quote} In fairness he has a point. All depends on what you looking for - if its +5 then 1.5 spread will kill +100 then it doesn't matter.
nailed it
  • #16,159
  • Mar 29, 2017 7:30am Mar 29, 2017 7:30am
Quoting Pent56
Caught the 0400 4HR EUR/JPY break this morning. Got +10 and let the rest run for a bit. (Edit - my EJ spread between 0.5-0.7) {image}
Watch EJ during 12 gmt
  • #16,160
  • Mar 29, 2017 7:30am Mar 29, 2017 7:30am
Quoting slowbrain
{quote} Fir the last 60 trading days I got 12 loss for 36 win if you have a currency with better stats for daily break I will be pleased to know which one
When are you trading EJ daily break? the timing is a big factor
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