Hi Billy, You forgot the chart

Billytt Die happy trading e/j daily breakout

Morning Billy, A question that popped to my mind: When the BB forms inside the asia range (H4 00:00) which itself hasn't clearly been broken, like it's happening today, does this give better odds of the BB break continuing further? Or is it not ...

Billytt Die happy trading e/j daily breakout

Hi, The way the ADR is used is directly explained in the first few posts, and can be seen on the screenshots: It's plotted directly with reference to the daily open, and it can give potential targets for trades. Once the ADR is reached, the ...

Roadmap - A Way To Read Markets

The 00:00 H4 Range has been a pita today, a few pips broken to the high side, with a retrace back at the bottom, then a few pips broken to the downside, and now back at the top ...

Billytt Die happy trading e/j daily breakout

Morning Billy, You looking to go long GU if it goes beyond 125.06? (H4 range break)

Billytt Die happy trading e/j daily breakout

Well, clearly your risk appetite is not the same as mine But I guess part of it comes with experience, and knowing your edge. Looking back at the previous trades last week, I saw you didn't post Wednesday's H4 range break, ...

Billytt Die happy trading e/j daily breakout

Ah ok got it, each prior trade is kept open, as an additional unit is taken. But with your example the difference in the result is quite big, with just 1 unit losing (the 3rd), you go from 60 pips to just 6 pips... So I guess the trade-off here, is ...

Billytt Die happy trading e/j daily breakout

Hi Billy, When I first came across this thread (somewhat around last year I think), I tried the breakout of range strategy, but never got it to work for me (over the long run). After a few winners, the losing setups always eliminated the winners in ...

Billytt Die happy trading e/j daily breakout

Just an example of a mean reversion approach, using the bounce off the ADR low & yesterday's low. Initially, I had set an alert at that level because of how the HTF structure looked like: image As price reached that level & locked in the ADR low, ...

Roadmap - A Way To Read Markets

Hi Damian, One thing you could do is set up a Discord server, it's free, easy & quick to set up. And you could then set the rules you want in terms of communications, etc.

Ratios & Harmonics: a Different Way to Trade

Yes, that's the best way, and easiest, to have a multi-timeframe EMA on a single chart. Just by multiplying rations between TFs.

SMA or EMA on lower time frame

A couple of trades today. First on AUDUSD, I had an initial short trade due to the reaction of the channel to the sma. Rsi at that time was oscillating around 50, a bit below when I took it but that was a sign that the bearish strength was not ...

Roadmap - A Way To Read Markets

Do you remember the rsi reading at the moment when the channel was crossing the sma?

Roadmap - A Way To Read Markets

I'm not sure I understand your request then. Especially when you say you don't need RSI or MA for direction guidance. Because that's what my dashboard is about ^^ So what metric would you be looking at on a tick-by-tick basis, on the dashboard? I ...

Roadmap - A Way To Read Markets

Keeping an eye on EURJPY. Pn M5, SMA is in between the channel. We may have a channel failure, as RSI is above 60 and there's somewhat of a short term support level around 117.13 , there's already been a few bounces. But given the impulse move ...

Roadmap - A Way To Read Markets

Well EURAUD already reached it's ADR, but not sure if that's going to slow down the impressive bull momentum since yesterday. RSI still quite strong at 65ish. And on M5, very few candles closing below channel. That would be in case of a reversal ...

Roadmap - A Way To Read Markets

Why would you want to use specifically the TrendStrength indi? I mean the CompRSI one displays exactly the same value as TrendStrength, so it should have absolutely no impact on your ea?

Roadmap - A Way To Read Markets

Sure I could do that. But curious, what would you get out of it? Right now you get an update every 1m if you place the DB on that TF. And you can also refresh manually. You're saying you'd like a refresh every tick? The rsi reading won't change that ...

Roadmap - A Way To Read Markets

Took a L on EA, should have closed it before the news but had to grab some groceries ^^ Still, impressive the way price reacted once the ADR was reached, was just watching it switch to red and boom immediate reaction. Was hesitant to take another ...

Roadmap - A Way To Read Markets

Nice! I had set an alert at 76.57, didn't quite get there and now it's rallied completely. You entered based on M1?

Roadmap - A Way To Read Markets