Same here. Price below the pivot AND formed new daily low. Thought there might have been some resistance at 00 but none whatsoever. Nice swift drop. DS1 was looking very likely but still a bit wary due to Monday's shenanigans so decided to close ...

Billytt Die happy trading e/j daily breakout

Wonder what's on the cards for today. DR2, PP, or neither. Looking at all the information, DR2 seems more likely. Will see where the one hour bar breaks take me. So far they are just messing around.

Billytt Die happy trading e/j daily breakout

I am glad I did not need to counter trade on Cable yesterday. Would not have been pretty, as there was hardly any retrace at all. Took +10 on the 1 hour GU bar at 8am today.

Billytt Die happy trading e/j daily breakout

That was quite a move today with little to no retrace. Even some profit taking should have moved GU back down a bit. Looks like the only way is up for now I guess.

Billytt Die happy trading e/j daily breakout

Yep, looks like it is trying hard to breach 1.26. I am both long and short right now, just messing around after I made +7 on the Billy Bar earlier.

Billytt Die happy trading e/j daily breakout

The day hasn't even started (well for me anyway), and we've already hit DS1 and PP . Where to next?

Billytt Die happy trading e/j daily breakout

Hi SF. Is that the Tokyo open 15 minute bar you're looking at? Thanks

Billytt Die happy trading e/j daily breakout

I appreciate your candid and honest reply Claudia. I will be spending more time on the book in the coming days, but I'm liking what I've read so far. Never used Cam pivots before, will give them a try next week. Thanks again and enjoy the rest of ...

Billytt Die happy trading e/j daily breakout

@Claudia. Thanks for sharing the link to the pivot book. I've downloaded it today and it certainly makes for an interesting read. When making your daily plan (aiming for daily pivot, R1, S1 etc), do you use a 2 day pivot relationship? Or something ...

Billytt Die happy trading e/j daily breakout

Yes I think I follow Billy

Billytt Die happy trading e/j daily breakout

So for longs, after a breakout, price went 5 pips or more 25% of the time? That's helpful. Thanks TS.

Billytt Die happy trading e/j daily breakout

That was a nice 1 hour break. Pity I'd had enough and closed up shop by then. I'm sure Claudia will have played that break really well.

Billytt Die happy trading e/j daily breakout

Thanks Lem, that's probably where my thoughts have stemmed from to be honest. The method I was talking about should work fine on a normal trading day. However, on a one sided day it has the potential of killing the account.

Billytt Die happy trading e/j daily breakout

Cheers Billy. I also prefer the get in and get out fast approach but sometimes we need these secondary ideas/methods to fix the fails. For me, the Billy bar was successful 3 times this week and I made 17 points on those days. On the 2 fails, I had ...

Billytt Die happy trading e/j daily breakout

Thanks Lem. Observation - when price break the high or low of previous 1 hour bar, it usually goes for 2-5 pips minimum, but sometimes a lot more (disclaimer - this is just a visual observation, I have no concrete facts to back it up). Is that the ...

Billytt Die happy trading e/j daily breakout

A line is a line Billy lol. Anyway, managed to get back from -12 to +2. All trades now closed. It took 4 trades (no doubling of lot sizes involved lol). That's the Billy Bar trade done and dusted. Now let's try hourly breaks. Still fancy short, but ...

Billytt Die happy trading e/j daily breakout

Everything was screaming at me to not take the high break, but I felt there was a push to get to the daily pivot. Anyway, we are in a counter situation. Let's see.

Billytt Die happy trading e/j daily breakout

Morning all. Small range on Cable so far today. Let's hope it isn't a whip day.

Billytt Die happy trading e/j daily breakout

Thanks Lem. Was the bias in this case simply a move away from the weekly open? Or something else? Seems like a great method for nocturnal creatures like myself

Billytt Die happy trading e/j daily breakout

Is that a brew or a real brew (Irn Bru)

Billytt Die happy trading e/j daily breakout