Billytt Die happy trading e/j daily breakout | Page 923 | 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

  • #18,441
  • Jun 8, 2017 2:47pm Jun 8, 2017 2:47pm
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
GU
from D1 ,YR PP to Range low

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 brexit.png Size: 48 KB
from level to level - you need mental strength to reach the summit
  • #18,442
  • Jun 8, 2017 2:54pm Jun 8, 2017 2:54pm
i'm still scratching my head after reading and lurking here for the past several weeks for a sound strategy as a NY based trader....

Deadzone?
Witching?
Breakout?
TP/SL/COUNTER?
  • #18,443
  • Jun 8, 2017 2:58pm Jun 8, 2017 2:58pm
Quoting faatkumo
i'm still scratching my head after reading and lurking here for the past several weeks for a sound strategy as a NY based trader.... Deadzone? Witching? Breakout? TP/SL/COUNTER?
Just sell
  • #18,444
  • Jun 8, 2017 3:05pm Jun 8, 2017 3:05pm
Quoting claudia1
{quote} Just sell
Just for you. Claudia xxx

Inserted Video
  • #18,445
  • Jun 8, 2017 3:10pm Jun 8, 2017 3:10pm
Quoting lemercenaire
{quote} Just for you. Claudia xxx https://www.youtube.com/watch?v=E-P2qL3qkzk
Or
Inserted Video
  • #18,446
  • Jun 8, 2017 3:10pm Jun 8, 2017 3:10pm
if i didn't know better, i would think i'm being mocked.
  • #18,447
  • Jun 8, 2017 3:13pm Jun 8, 2017 3:13pm
Quoting turnip15
{quote} Lem -that oil trade -was that off the close of the 12 noon to 1pm UK time bar ?
Errr...just checked, yep, it was. Why would you think otherwise? If you are counting candles back and comparing it to the chart above, then don't, as the DAX market had closed the hour before and so had printed one candle less than the others at that point.
  • #18,448
  • Jun 8, 2017 3:21pm Jun 8, 2017 3:21pm
Quoting faatkumo
if i didn't know better, i would think i'm being mocked.
If you referring to my post then I'm sorry if offended.
  • #18,449
  • Jun 8, 2017 3:24pm Jun 8, 2017 3:24pm
Quoting turnip15
{quote} Hi lem. Sorted the DZ indicator -at least I hope I have ? {image}
Yep - I'd take the grid off though. Make things a heck of a lot easier to see. Just a thought.
  • #18,450
  • Jun 8, 2017 3:35pm Jun 8, 2017 3:35pm
Quoting claudia1
{quote} Yep - tomorrow should be real fun gu has to bounce back then think what gn could get up to
Attached Image
  • #18,451
  • Jun 8, 2017 3:41pm Jun 8, 2017 3:41pm
Quoting faatkumo
if i didn't know better, i would think i'm being mocked.
Attached Image
  • #18,452
  • Jun 8, 2017 3:43pm Jun 8, 2017 3:43pm
I've read in previous posts on this thread that there is a 5 pip buffer on the 07-30 bar (M30). Is there a buffer on the 04-00 bar or the EJ Daily Break?

Also.........with a small bankroll would it be more profitable to trade the INITIAL BREAK OUT?....or.....the RETRACE?....since the retrace goes for +20 or even ADR sometimes
  • #18,453
  • Jun 8, 2017 3:46pm Jun 8, 2017 3:46pm
Quoting faatkumo
i'm still scratching my head after reading and lurking here for the past several weeks for a sound strategy as a NY based trader.... Deadzone? Witching? Breakout? TP/SL/COUNTER?
Time-wise to match up to Denver, The Dead Zone and Witching Hour would suit. Any of our 04:00 breaks are going to be your midnight (though maybe you're a night-owl and that'd be fine).

Any advice other than that is you gotta' suck-it-and-see. Only by trying, will you know what works best for you.
  • #18,454
  • Jun 8, 2017 3:48pm Jun 8, 2017 3:48pm
I'm off...

Attached Image


See y'all tomorrow.

(I'll get to the emails etc tomorrow as well).
  • #18,455
  • Jun 8, 2017 4:13pm Jun 8, 2017 4:13pm
Quoting faatkumo
i'm still scratching my head after reading and lurking here for the past several weeks for a sound strategy as a NY based trader.... Deadzone? Witching? Breakout? TP/SL/COUNTER?
The Dead Zone for you being in NY would be at 7 am EST. (1 hour BEFORE the Open of the NY Session)....use the H1 bar.
The EJ Daily Break for you being in NY would be at 5pm EST......depending on if your broker uses a 5 pm "end of day". (bear with me i'm new to trading)
EJ Daily Break TP = 20, SL = 30
Counter Trading.....and everything else.....you need to do what I"m doing and go waaay back into the thread and start to catch up. I started at the very beginning and read a bunch of pages...then i skipped and went to when LEM started the thread and I've been going from there ever since. I've gained a lot of knowledge in a short amount of time. This thread is fantastic! Oh yeah, TAKE NOTES!
  • #18,456
  • Jun 8, 2017 4:20pm Jun 8, 2017 4:20pm
Quoting bojack34
I've read in previous posts on this thread that there is a 5 pip buffer on the 07-30 bar (M30). Is there a buffer on the 04-00 bar or the EJ Daily Break? Also.........with a small bankroll would it be more profitable to trade the INITIAL BREAK OUT?....or.....the RETRACE?....since the retrace goes for +20 or even ADR sometimes

If we have example 04-00 break... we have trigger and then it retraces before making +10 (for stats) we enter on the retrace, this gets us points ,infact can get us more than 5. We have less risk doing this.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,457
  • Edited 5:03pm Jun 8, 2017 4:26pm | Edited 5:03pm
Quoting billytt
{quote} If we have example 04-00 break... we have trigger and then it retraces before making +10 (for stats) we enter on the retrace, this gets us points ,infact can get us more than 5. We have less risk doing this.
I totally understand what your saying, thanks! i'm still a little unclear on a couple things though.

1) Is there a 5 pip buffer on the Daily Break candle?

2) Is there a 5 pip buffer on the 04-00 H4 candle? EDIT : I found it in the thread.....Trigger is High + Spread OR Low + Spread (not 5)

3) With my small bankroll would it be a better idea to SKIP the initial breakout and WAIT for the retrace and TRADE THE RETRACE ONLY? Or should I trade BOTH?
  • #18,458
  • Jun 8, 2017 5:27pm Jun 8, 2017 5:27pm
Quoting bojack34
{quote} I totally understand what your saying, thanks! i'm still a little unclear on a couple things though. 1) Is there a 5 pip buffer on the Daily Break candle? 2) Is there a 5 pip buffer on the 04-00 H4 candle? EDIT : I found it in the thread.....Trigger is High + Spread OR Low + Spread (not 5) 3) With my small bankroll would it be a better idea to SKIP the initial breakout and WAIT for the retrace and TRADE THE RETRACE ONLY? Or should I trade BOTH?
i have never mentioned any buffer BUT they can be used, all my stats are without a buffer.
I think you may be better trading off the retrace especially with a smaller bank roll
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,459
  • Jun 8, 2017 6:35pm Jun 8, 2017 6:35pm
..........currently on page 388 of 462.....AWESOME STUFF!
  • #18,460
  • Edited 11:56pm Jun 8, 2017 8:55pm | Edited 11:56pm
I was thinking that with a really small account ($200-$500) I could trade the 07-30 bar the in a similar way billy trades, ie: look for +5, then if price reaches +5 I would close trade #1 and open trade #2 which would be x2 lot size as first trade (compounding)..... and look for +10...if trade reverses before +10, then look to keep trade in limbo until it reaches the "opposite" side of the bar and price breaks other trigger.....at that point I can close trade #1 and open up a Counter trade of either Same Lot Size as original trade or double lot size as original trade.....Look for possibly 20+ pips on the retrace trade of the 04-00 bar.

Is this possible by using the M30 bar? I thought it might be since the Daily Range would be so much smaller on a M30 candle. I would probably have to set some restriction on Range size (just incase).

I would also trade the EJ Daily Breakout but only use the TP =20 and SL=30. No retrace or compounding.

I would also trade the 04-00 bar BUT........ONLY on the retrace AFTER it reverses and triggers opposite side trigger....i'll go for the +20.


How does this sound Billy? is this feasible?

ALSO........please add anything I may be missing.
90 traders viewing now