Billytt Die happy trading e/j daily breakout | Page 833 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #16,641
  • Apr 7, 2017 3:21am Apr 7, 2017 3:21am
Quoting lemercenaire
{quote} AU is like a big, friendly labrador. Always there for you and always reliable.
i just more or less said that Lem, but you had the words for ity, very arty ? lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,642
  • Apr 7, 2017 3:24am Apr 7, 2017 3:24am
Quoting Piphunter00
{quote}{quote} thank you this was what i was struggling with. id noticed a lot of breaks especially in e/j happening during asia but if that retraced heavily there would usually be a second run at the level in London, thanks for clarifying that your interested in the first break only and set alerts for that when it is near
i can be proved wrong with this, a high/low can break and be revisited several times but it fails a lot.
It can trigger and as long as the +10 or +20 isnt made you can keep trading on retraces until it does or fail.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,643
  • Apr 7, 2017 3:24am Apr 7, 2017 3:24am
Quoting billytt
{quote} Hello David RP, erm erm long story. I traded for someone a few weeks ago off Cable 07-45 bar. i am looking for any big move off UK open. with this i do not counter but actually put a stop on to close trade .. and i compound. A/U 04-00 break is my sort of trading now as it is more relaxed and slow, just lately the stats are slowly altering ( since last June) i would honestly say stay with A/U 04-00 but if you want white knuckle ride and heart palpitations go for 07-45. Hope you are ok..
are you reffering to closing out on a loss here bill? or taking the trade out in profit
  • #16,644
  • Apr 7, 2017 3:25am Apr 7, 2017 3:25am
Quoting slowbrain
{quote} Its like dancing .... whatever happened still follow the tempo ... just listen to the rythm
yes indeed, hope you are ok SB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,645
  • Apr 7, 2017 3:27am Apr 7, 2017 3:27am
Thought for today (in between grand dad duties)

Seeking perfection, or how to win friends and influence people, or why is the sky blue !
Attached Image
every Saint has a past. Every Sinner has a Future
  • #16,646
  • Apr 7, 2017 3:28am Apr 7, 2017 3:28am
Quoting Piphunter00
{quote} are you reffering to closing out on a loss here bill? or taking the trade out in profit
i closed my short trade ages ago, i got 5% ( 5 POINTS). i was saying IF the 04-00 bar High breaks it should go on for the daily range. dont forget NFP, or if it goes back down the daily low will be set

edit, 09-30 with the news, it dropped as i posted last. It doesnt mean anything now .
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,647
  • Apr 7, 2017 3:30am Apr 7, 2017 3:30am
Quoting billytt
{quote} i closed my short trade ages ago, i got 5% ( 5 POINTS). i was saying IF the 04-00 bar High breaks it should go on for the daily range. dont forget NFP, or if it goes back down the daily low will be set
on the 7:45 bar though, you said you don't counter but put a stop in to close trade. is this in the context of when the trade is going bad
  • #16,648
  • Apr 7, 2017 3:34am Apr 7, 2017 3:34am
Quoting billytt
{quote} i can be proved wrong with this, a high/low can break and be revisited several times but it fails a lot. It can trigger and as long as the +10 or +20 isnt made you can keep trading on retraces until it does or fail.
edit, like what has just happened on cable, t09-34
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,649
  • Apr 7, 2017 3:37am Apr 7, 2017 3:37am
[quote=billytt;9744643]morning all, i took 5% off the 07-45 break short (Cable) it was also the low of the 04-00 bar AND 4 away from yesterdays daily low. I am happy. nothing stopping adding another short as the +10 hasnt been made on all 3, time now is 08-34[/quote]

t 09-37 see my point, it dropped. It can fail though
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,650
  • Apr 7, 2017 3:40am Apr 7, 2017 3:40am
Quoting Piphunter00
{quote} on the 7:45 bar though, you said you don't counter but put a stop in to close trade. is this in the context of when the trade is going bad
On the 07-45 bar, it is quite volatile after the uk open. It does whip a bit hence the 5 point buffer but if we have a fail we will then have a very good chance of getting the loss back and profit with the opposite end trade.
Today i didnt use a buffer because it was also the 04-00 low and 4 away from yesterdays daily low.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,651
  • Apr 7, 2017 3:46am Apr 7, 2017 3:46am
I am away now, guess where??
i was going to pop a chart up with that 04-00 bar range versus daily high low but NFP can cause havoc with it. lets see what happens IF it does break high
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,652
  • Apr 7, 2017 3:47am Apr 7, 2017 3:47am
Quoting billytt
I am away now, guess where?? i was going to pop a chart up with that 04-00 bar range versus daily high low but NFP can cause havoc with it. lets see what happens IF it does break high
enjoy your day bill, hopefully another sunny one! check your pms when you have a chance too
  • #16,653
  • Apr 7, 2017 3:52am Apr 7, 2017 3:52am
Quoting Piphunter00
{quote} enjoy your day bill, hopefully another sunny one! check your pms when you have a chance too
i just pinged you , catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,654
  • Apr 7, 2017 4:14am Apr 7, 2017 4:14am
Quoting billytt
I am away now, guess where?? i was going to pop a chart up with that 04-00 bar range versus daily high low but NFP can cause havoc with it. lets see what happens IF it does break high
Have a great day young William
every Saint has a past. Every Sinner has a Future
  • #16,655
  • Apr 7, 2017 4:16am Apr 7, 2017 4:16am
AU is farting around exquisitely! bring it home already!!!!
  • #16,656
  • Apr 7, 2017 4:26am Apr 7, 2017 4:26am
Quoting Piphunter00
{quote} until he runs too far across the field and goes to fetch a stick -16 pips away although on my stats -16 is the deepest retrace to successfully make it back to original entry point and it seems sellers have stepped in, price now sitting jus below -10 from the break, if its gonna make it back to the low there isn't much else it can do the upside now apart from break it by the looks of it. got me lil demo counter stuck in ready and waiting lol how do you guys deal with counters over the weekend or do you avoid them? isn't the swap something...
I try and avoid holding anything open over the weekend. I don't trade much on Fridays anyway and if I do have something early that requires babysitting, then I will just sit on that till I can get it closed if I can, not bothering to trade anything else.
  • #16,657
  • Apr 7, 2017 4:28am Apr 7, 2017 4:28am
No trading today for me but here is a chart showing the progress of the cable four hour chart ( 4am bar -4am to 8am). I save these for perusal later.

LEM -the CAD 7am bar delivered again :-)

And -today is NFP day boys and girls.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable4h1020N2.jpg Size: 496 KB
every Saint has a past. Every Sinner has a Future
  • #16,658
  • Apr 7, 2017 4:30am Apr 7, 2017 4:30am
Quoting billytt
I am away now, guess where?? i was going to pop a chart up with that 04-00 bar range versus daily high low but NFP can cause havoc with it. lets see what happens IF it does break high
Have a good day Billy. Catch you sometime over the weekend, no doubt.
  • #16,659
  • Apr 7, 2017 4:46am Apr 7, 2017 4:46am
It's Friday. It's NFP. 'Nuff sed.

As such, I used the original Frankenbreak go for +5 variant and it's hit it's target, though even that took a bit of persuasion before it got its act together. The other two variants are, sure enough, still faffing around.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15FB+5variant7thApril17.png Size: 34 KB


I didn't like the look of any of the usual H4 Billy-Bar suspects. So I went all exotic on its ass and went with one of The Weird Bunch instead, one that is guaranteed to move somewhere, no matter what. Took the France40 with a long bias and took that direction out of the lower WZ. Done.

Attached Image (click to enlarge)
Click to Enlarge Name: .FRANCECashH4asmyBilly-BarByDefault7thApril17.png Size: 52 KB


To top the morning off, I had my usual a.m. fun-in-the-sun candidate, the Brent-US Crude H4 (05.00), do the job easily. Never a worry there.

Attached Image (click to enlarge)
Click to Enlarge Name: Brent-US Crude 05.00 H4 Break 7th April 17crop.png Size: 13 KB


That's probably going to do me for the day, unless something jumps out the undergrowth and smacks me in the face.
  • #16,660
  • Apr 7, 2017 6:20am Apr 7, 2017 6:20am
done some cowboy stuff which i hope i have the balls to do in live environment, retrace started to weaken at that -10 level so i added another lot on around -8 off the first. the second lot i took +4 points on then closed the first lot at -4 and got myself out flat. things are still dropping and could probably come back to the entry of my first lot but its Friday. if i was in this situation on Friday id wana get out
12 traders viewing now