Watching Gold just now. Hoping price will break the daily high for $5 (50 pips, 500 points lol). ADR is still quite low.

Billytt Die happy trading e/j daily breakout

12-4am range, the high almost broke after 7am, and then again after 8am. But as Billy says, almost isn’t good enough. Took +8 on the low break of the range. Wanted a low break as I think the high break would have struggled, given all the resistance ...

Billytt Die happy trading e/j daily breakout

I think it very much depends on what I feel price is doing at certain levels (round numbers, pivots, daily highs and lows etc). If I am confident price is about to start reversing, I’ll start closing my counter trades (I can always open more if I am ...

Billytt Die happy trading e/j daily breakout

If a trade goes in your direction, great. But if it goes against you, getting out for break even or a small loss is a huge psychological advantage. I think you’re learning. When it comes to countering, I follow Lem’s mantra of ‘don’t think, just ...

Billytt Die happy trading e/j daily breakout

Trust me, your way is much better than trading like me

Billytt Die happy trading e/j daily breakout

This is what I was aiming for, but price retraced as soon as I took a short. Had to add 3 longs to get back into profit. Took my short around 1.3715 and then took my longs, getting out at around 1.3737, in profit.

Billytt Die happy trading e/j daily breakout

Took the same trade. Was a bit double minded as the range was quite big and I was just about to head to sleep, but no issues lol. Also took 5 on the EU 12-4am range break short. Then I was bored and tried some Billy scalping twice on GU on the 5 ...

Billytt Die happy trading e/j daily breakout

An almost perfect trend line break on the hourly for a very swift 50 pips. I was expecting and indeed waiting for a short, but when a line breaks, what's one to do lol. Took profit near R1. Price has now broken R1 and yesterday's high, but I am done. ...

Billytt Die happy trading e/j daily breakout

Nice work Billy. On the 5 minute chart? A lot of sideways action today. Watching Gold just now. Has only done about a 3rd of its ADR so far.

Billytt Die happy trading e/j daily breakout

Nice going. If you want this to fail, let me have a go at it tonight lol. Quite like this set up but I’m worried about using an EA for it and not being awake to deal with any bad trades. I guess it works well for your time zone.

Billytt Die happy trading e/j daily breakout

Thanks. I find the colours keep me calm. Yesterday when the low break didn’t make my 10 pips, I countered with the same lot size at the high break. Overall the range was still quite small and I had decided I was either going to aim for the daily ...

Billytt Die happy trading e/j daily breakout

your account must be bursting at the seams now lol. 52 trades!

Billytt Die happy trading e/j daily breakout

A lot people are sceptical about daily pivots and whether they work, but look what just happened a few minutes ago. Daily pivot hit to the point. I got out 5 pips too early. Not a great day as I played all 3 breaks of the 12-4am range, but could ...

Billytt Die happy trading e/j daily breakout

Hoping for a drop

Billytt Die happy trading e/j daily breakout

Morning. 12-4am range, we’ve had a low break, a high break, and almost another low break. It should make up its mind and either head down to the daily pivot, or up to R1. I think buyers will try to push it up to 1.38 today. I’ll be happy whichever ...

Billytt Die happy trading e/j daily breakout

Something that might help you and others on the thread as well, have a look at the fails of the Billy bar for the past few months. Then look at the range breaks of 12-4am either for the same day or the day after (minimum 10 pip target). I think ...

Billytt Die happy trading e/j daily breakout

looks about right but you have 5 bars in your range. So for you I think it would be the bar that starts at 2am, and the last one would be the one that starts at 5am. Four 1-hourly bars. Billy’s last few posts have been excellent. Look at the way ...

Billytt Die happy trading e/j daily breakout

Hi Avery, this is Billy’s method that he talks about a lot. And yes it is the midnight to 4am range (UK time). Today the high broke for approx 15 and then the low broke for approx 10. I actually took 10 on the high break today via my range break EA. ...

Billytt Die happy trading e/j daily breakout

Hi all. Claudia/Michael, just noticed you are both using slightly different ranges on AJ. Michael uses the break of the 10pm to 12am range I believe, and Claudia uses the 12am to 2am range as far as I can tell. Both appear to work though

Billytt Die happy trading e/j daily breakout

retraces are another way to take advantage of the break. After the break, let it retrace a number of pips, and then either buy or sell depending on the break of the direction. That way if it loses, you lose less, and if it wins, you win more. ...

Billytt Die happy trading e/j daily breakout