A very strange day. While I managed to make some money on the drop on GU, I lost some on the AU 4 hour break (4am to 8am UK time). It broke low, then high, then low again I think. These past couple of days have been forgettable. And tomorrow it's ...

Billytt Die happy trading e/j daily breakout

Wonder if price will keep getting pushed up until 4pm (possibly to 1.3150) for it to then drop...

Billytt Die happy trading e/j daily breakout

The 12pm 1 hour bar broke the 11am bar high, but closed red. The next bar broke the 12pm bar low but closed green. And the 2 pm bar has broken the 1pm bar both high and low. What the heck...

Billytt Die happy trading e/j daily breakout

Price closed just below R2. Looking to ride it back down to R1 hopefully.

Billytt Die happy trading e/j daily breakout

Hi Billy. The 12-4am break on both GU and EU happened before I had logged on so that train left without me. Got some on the 12-4am break of GJ again this morning. Market feels very choppy at the moment. Look at Dax. Small range with lots of sideways ...

Billytt Die happy trading e/j daily breakout

GU has been a mess today. I think I'll hold on to the remainder of my GJ win from this morning and call it a today. Plus it's 23℃ in Scotland right now. We only get the sun for about 10 days a year, and this is most definitely one of them

Billytt Die happy trading e/j daily breakout

Haha got the hint there Billy thanks. Should be a nice drop if and when it happens.

Billytt Die happy trading e/j daily breakout

12-4am break on GU, we've had a low break, and then a pretty strong move up to break the high of the range. Price seems to have stalled and has reversed a bit with 1.3050 being a pain. As Billy says, in theory we should keep going up now to make the ...

Billytt Die happy trading e/j daily breakout

I think I get it. When shorting at the 12-4am low, you are aiming for less points because from that point, your modest 70 range is only 30 points away, for arguments sake. If you went long at the break of the 4-6am range, you are aiming for more ...

Billytt Die happy trading e/j daily breakout

Got it. Cheers for explaining. I suppose one would only need to look at countering using the 2 hour range if the 12-4am range itself was fairly big. I was also having a look at the 4-7am range that Claudia uses and that works pretty well too.

Billytt Die happy trading e/j daily breakout

Nicely done Billy. Is that the 2 hour range from 4am to 5:59am? Cheers.

Billytt Die happy trading e/j daily breakout

Morning all. Got a nice easy 20 on GJ this morning, break of 12-4am range (cheers Billy). Price was above the daily pivot AND daily open so it was always going to be long for me. Price now sitting at DR1 and yesterday's high with scope to go higher, ...

Billytt Die happy trading e/j daily breakout

Billy, just from memory, have you often had days where the 4 hour break has failed on both EU and GU? Or have you found that if one fails, the other one usually does OK? Just looking at today as an example, the low broke on GU for 9, and then the ...

Billytt Die happy trading e/j daily breakout

Closed my small buys at DR1. Will now wait until NY open. I still think we have the potential to hit DR2 but I'm not buying it.

Billytt Die happy trading e/j daily breakout

If it I wasn't desperately wanting to short today, this would have been a very nice TS123 move up .

Billytt Die happy trading e/j daily breakout

I have gone long on the break of the 12-4am high with a smaller lot as everything is now screaming up (against my better judgement). Have another small pending order above yesterday's high and then another small one above DR1.

Billytt Die happy trading e/j daily breakout

You were definitely right about having to wait a while. This thing is not moving today

Billytt Die happy trading e/j daily breakout

I know the job news that was reported this morning doesn't bode well for Cable and it should be going down. However, there isn't much fantastic news coming out from the US either, so perhaps this negative news had already been factored in, and the ...

Billytt Die happy trading e/j daily breakout

Made a small loss on GU this morning as I closed my short when Cable started going back up. Made up for it on the Dax on the long break. Looks like it is trying hard to get to 13000. I know I should not have closed my short Billy as the 4 hour high ...

Billytt Die happy trading e/j daily breakout

Lol, I have done the same. Short order in just below 1.3050 (always a painful number) and long just above yesterday's high (1.3104). They sort of coincide with Billy's 4 hour break method. In theory, GU broke short and has failed, now it should go ...

Billytt Die happy trading e/j daily breakout