Billytt Die happy trading e/j daily breakout | Page 938 | 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

  • #18,741
  • Jun 13, 2017 4:02pm Jun 13, 2017 4:02pm
Quoting faatkumo
1st Trade Long at High of Range, 5pip target fail (lets say bc of possible spread), 2nd Trade Counter at Mid Point 3rd Trade Sell at bottom of 4:00 range Is this the right Idea? {image}
The principles are good but I'd look at using AU on the 04:00 - 08:00 H4. Billy's already done all the stats legwork for you!
  • #18,742
  • Jun 13, 2017 4:05pm Jun 13, 2017 4:05pm
Quoting lemercenaire
{quote} The principles are good but I'd look at using AU on the 04:00 - 08:00 H4. Billy's already done all the stats legwork for you!
So look for the break during 04:00 through 08:00 H4 for the break of AUDUSD?

And same setup as my image?
  • #18,743
  • Jun 13, 2017 4:05pm Jun 13, 2017 4:05pm
Quoting faatkumo
{quote} Anyway to avoid or minimize this? Are there pairs that actually rarely do this?
Don't trade the DAX, lol.
  • #18,744
  • Jun 13, 2017 4:11pm Jun 13, 2017 4:11pm
Quoting faatkumo
{quote} how do you know there is a secret ingredient?
Billy's method is proprietary - as Piphunter says above, he cannot go into the exact detail of his ''how-to-fix-the-bad-shit'' element due to having sold that for major moolah.

Copyright lawyers get their horse-hair knickers in a twist over stuff like that.
  • #18,745
  • Jun 13, 2017 4:15pm Jun 13, 2017 4:15pm
Quoting faatkumo
{quote} So look for the break during 04:00 through 08:00 H4 for the break of AUDUSD? And same setup as my image?
Take the AU H4 candle that runs form 04:00 - 08:00 and once that candle closes, trade that.

There are slightly different methods of trading the EJ Daily, as well as my own variant (slightly different again from Billy's) to trading the H4 candle.

I really would stick to the AU H4 to begin with at least - and run it totally in the way Billy does. It is the most straightforward way.
  • #18,746
  • Jun 13, 2017 4:30pm Jun 13, 2017 4:30pm
Quoting lemercenaire
{quote} Take the AU H4 candle that runs form 04:00 - 08:00 and once that candle closes, trade that. There are slightly different methods of trading the EJ Daily, as well as my own variant (slightly different again from Billy's) to trading the H4 candle. I really would stick to the AU H4 to begin with at least - and run it totally in the way Billy does. It is the most straightforward way.
So the AUDUSD 4:00-8:00 Candle will be the determined trigger candle, And If price breaks that trade that right?
  • #18,747
  • Jun 13, 2017 4:41pm Jun 13, 2017 4:41pm
Quoting faatkumo
{quote} So the AUDUSD 4:00-8:00 Candle will be the determined trigger candle, And If price breaks that trade that right?
Attached Image (click to enlarge)
Click to Enlarge Name: thumb-fiction-660x371.jpg Size: 39 KB
  • #18,748
  • Jun 13, 2017 4:53pm Jun 13, 2017 4:53pm
Quoting lemercenaire
The Dead Zone is looking uninspiring today. Nothing giving me that tingly-all-over feeling, lol. Ones to consider: UC. I'd be looking for a drop and then get in on a long back. {image} UNok. Again, it's pushing short, so I'd be looking to come back on it. {image} GN. Looking to go short off the PP. {image} GU. It's been driving upward but is setting up a possible 1-2-3 at the moment and the PA on H4 and Daily isn't so Bullish. Possible short. {image} NJ. I'm looking for a climb to let me catch the drop. {image} There are a few other similar to NJ,...
As noted, I got my GU on The DZ today. Went as planned.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 27 KB


Of the others on my heads-up list:

UC - Bombed if I'd been waiting for a drop before going back in. If you'd used your brain once the set-up candle had actually completed, then you would have been ignoring that and going in short immediately anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1DeadZone13thJune17-FullDay-Supercharged.png Size: 27 KB


UNok - Clean as a whistle as we got the drop and a perfect entry into the long on the reverse move.
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKH1DeadZone13thJune17-FullDay-Supercharged.png Size: 32 KB


GN - You'd have had to wait a couple of hours after the off but the looked-for short came sure enough.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 31 KB


NJ - Ditto. It would have made you wait but all good as the climb back up came and you'd have got the short back down.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1DeadZone13thJune17-FullDay-Supercharged.png Size: 30 KB
  • #18,749
  • Jun 13, 2017 4:58pm Jun 13, 2017 4:58pm
As for the others, I'll also post the work-charts which inc the S+D and Pivots. You'll see from these, how easy it would be to see which pairs were ripe for surfing through the day. Sweet...

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1DeadZone13thJune17-FullDay-Supercharged.png Size: 31 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 30 KB


AUDNZD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 30 KB


CADJPY
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1DeadZone13thJune17-FullDay-Supercharged.png Size: 28 KB


NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 35 KB
  • #18,750
  • Jun 13, 2017 5:00pm Jun 13, 2017 5:00pm
XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 33 KB


USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1DeadZone13thJune17-FullDay-Supercharged.png Size: 34 KB


GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1DeadZone13thJune17-FullDay-Supercharged.png Size: 27 KB


GER30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H1DeadZone13thJune17-FullDay-Supercharged.png Size: 34 KB


OILUSD
Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1DeadZone13thJune17-FullDay-Supercharged.png Size: 30 KB
  • #18,751
  • Jun 13, 2017 5:58pm Jun 13, 2017 5:58pm
Quoting lemercenaire
{quote} Hi Nelson and welcome to the thread. I'm sorry but I can't share the main indicator. As for the S+D and pivots, the same is true for the pivots but the S+D is available here on FF. All is not lost, however and I will drop you a pm with the info you need to get set up (where, when, how etc et al). I will try and get it to you tonight but if not, then tomorrow sometime at the latest.
Thanks Lemercenaire. I understand about the indies. I'll wait for your PM.
  • #18,752
  • Jun 13, 2017 6:23pm Jun 13, 2017 6:23pm
[quote=Nelson35a;9973670]{quote} Hi Billy, Lemercenaire and all others here, this is my first post here. I've been reading my way th

Hello Nelson and welcome, feel free to post and ask questions. I can only answer questions based on Daily Break, 04-00 break and countering. Maybe 07-45 break too but that is sketchy lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,753
  • Jun 13, 2017 6:29pm Jun 13, 2017 6:29pm
Quoting bojack34
{quote} speaking of stats and whip......my first thought of a stat i was going to start keeping was the average candle size and the biggest candle size of the candles during the London trading session (including the 4 hr overlap with NY). This I feel will give me an idea of what ranges are good to trade to get profit and which ranges are too small and are more prone to WHIPS. I'm not sure how hard this stat will be to keep track of and backtest but i'm going to look into it for sure.
Speaking of candle size, we have news which alters size.
Only consistent candle size average is the Daily Range , i like to use this but minus a few points and i call it the Modest Daily Range,
If you trade a break/line look to see how many points it definately makes, FREQUENCY DISTRIBUTION and go from there.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,754
  • Jun 13, 2017 6:32pm Jun 13, 2017 6:32pm
Quoting faatkumo
{quote} LOL i am slowing especially now... can you illustrate a "whip"
sorry had to lol
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,755
  • Jun 13, 2017 6:33pm Jun 13, 2017 6:33pm
Quoting bojack34
I notice that on the 04-00 bar that price almost always returns to our trigger once it has been broken. Very seldom does it seem that price breaks our Trigger and just RUN......I could see where the Retrace Trade could be very profitable.
your learning
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,756
  • Jun 13, 2017 6:33pm Jun 13, 2017 6:33pm
Quoting billytt
{quote} sorry had to lol {image}
  • #18,757
  • Jun 13, 2017 6:35pm Jun 13, 2017 6:35pm
Quoting faatkumo
{quote} Anyway to avoid or minimize this? Are there pairs that actually rarely do this?
all pairs do it, it normally happens in dead areas of time.
That is why most of our trades happen just after UK/US open where volatility is good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,758
  • Jun 13, 2017 6:37pm Jun 13, 2017 6:37pm
Quoting faatkumo
{quote} I'm assuming stay away from Red Flagged news events to avoid WHIPS?
nope, it might whip leading up to the news then boom.
It is like indecision similar to an inside bar
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,759
  • Jun 13, 2017 6:38pm Jun 13, 2017 6:38pm
Quoting faatkumo
{quote} any other ideas? wheres billy tt when ya need him!?
i very rarely go on Pc in the evenings as i am usually dealing with my business,, OR threatening tenants lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,760
  • Jun 13, 2017 6:43pm Jun 13, 2017 6:43pm
Quoting faatkumo
{quote} how do you know there is a secret ingredient?
Trading breakouts i post have very good odds of success but they can lose, hence the counter until the next trigger.
I have spoken about 95% of what i do and actually someone once made a comment of how i actually do it. but they didn't realise.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
7 traders viewing now