i thought u would be sat with ur feet up after those moves on EU and GU this morning!

Billytt Die happy trading e/j daily breakout

There is lots of different stuff throughout the thread mate....probably best to start on page 1, and then come back in a week (or two) once u've finished! Im almost through my second read!

Billytt Die happy trading e/j daily breakout

i took the not not not not billy bar (yes, i made that up!).....3pm gold - nice short move on US Open......will admit, i didnt get it all, but a nice chunk

Billytt Die happy trading e/j daily breakout

hi mate - hope ur well? QQ on this EU trade - i cant remember if u trade EU 8am bar as well, or is it only GU? Coz with this entry, ur going the opposite to the 8am bar break - i assume u usually hold the midnight bar with more weight than the 8am ...

Billytt Die happy trading e/j daily breakout

well there is a very high RSI reading, and the vast majority of MAs are green - but other than that, not too much wrong in terms of channel under sma, pullback etc. Although, probably the main thing is, i cant see any logic to ur stop placement. I ...

Roadmap - A Way To Read Markets

as ZA1 says - be careful after such an aggressive move.....u entered on a steam train coming back down also know what time of day it is - always high volatility on the london open. Can b better to let the dust settle, unless ur trading a bar break ...

Roadmap - A Way To Read Markets

i believe its better to drop to M1 for Indices - so there were multiple entries. 1st area highlighted would be a pretty aggressive entry, especially with the open just above it. So a lower risk entry is the second box highlighted once it got above ...

Roadmap - A Way To Read Markets

Think that makes sense then - my pivot indi is set from 10pm sunday night (uk time), so the daily candle is 10pm to 10pm. Unless im totally missing something in the settings!

Billytt Die happy trading e/j daily breakout

really didnt expect such differences in H/L/C! For me: (1.3174+1.2980+1.29812)/3 = 1.3045

Billytt Die happy trading e/j daily breakout

mines 3045!

Billytt Die happy trading e/j daily breakout

as you say you are new, its suggested to stick with the SMA crossover/failure first until you have nailed that down. ADR reversals etc takes a bit more experience, as they dont always reverse - sometimes they will just plough on through if the move ...

Roadmap - A Way To Read Markets

looks a pretty legit entry to me (according to the rules) - just one of those things unfortunately. I cant remember what my strength meter was showing a few hours ago - but dollar has been pretty weak today. That's the only thing i can think of that ...

Roadmap - A Way To Read Markets

bailed for a couple of pips - weak entry

Roadmap - A Way To Read Markets

slack entry i know, but wasnt at my computer early enough - not massively confident on this one as CAD and AUD are both relatively weak

Roadmap - A Way To Read Markets

CHF strength came through, took 19pips as my tp was just above the daily ADR low

Roadmap - A Way To Read Markets

bit worried of selling into the daily/monthly opens and RSI being high but looking mainly at CHF strength against the ozzie at the moment - see how it goes

Roadmap - A Way To Read Markets

ur entry looks pretty decent to me. It really only made a double top under the sma 200, so unless ur stop was moved to BE, i think what was suggested on this thread, was at a minimum, wait for price to tell you when you are wrong....it never crossed ...

Roadmap - A Way To Read Markets

Didnt have long to wait on this one - 100pips tp hit.....good start to the day!

Roadmap - A Way To Read Markets

morning - took a short after the cross of the 200 ema (prefer emas), where it had also moved under the weekly and daily opens. Got a target to just above last weeks low (100 pips). Need it stay below yesterday's low - so watching to see what it does ...

Roadmap - A Way To Read Markets

another thing that might help (and not trying to add anything to Laura’s rules here), but just add a box around the consolidation phases you see (from high to low) - apart from the odd fake breakout that might catch you, it will probably help you ...

Roadmap - A Way To Read Markets