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BillyRayVal replied Oct 31, 2008Happy Halloween, from BRV — I posted a video about trading breakouts; its in the middle of the homepage: url Have fun!
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BillyRayVal replied Oct 31, 2008Hi there, I always use bars.......candles will work fine as well just make sure you include the entire candle not just the body. I understand that line charts might at first make it seem easier but its somewhat of a shortcut and unfortunately not a ...
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BillyRayVal replied Oct 31, 2008Smittens - this is an example of the type of breakout I was talking about. This is the aftermath of the EJ trade I posted earlier before it happened. Atleast 2 touches on an hourly basis, and when the mark gets broken you usually get a rush of ...
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BillyRayVal replied Oct 31, 2008Every Trade Counts: Doubt Your Initial Reactions — Here's some more stuff for today - happy Friday! By the way, end of the month today be careful out there! ==================================== Its easy to forget what makes us money sometimes. ...
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BillyRayVal replied Oct 31, 2008OOhhhh....yeah you gotta wait for a solid base to build up...thats the next topic of discussion on the agenda. Basically, the more a level gets hit, the stronger the breakout. I only take breakouts if a level has been tested on a 1 hr atleast 2 ...
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BillyRayVal replied Oct 30, 2008Good point again birdt and I like the link you posted here....some basic truths. This market in particular has been great for breakouts lately;. Different conditions, different protocol.
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BillyRayVal replied Oct 30, 2008Hi there again, my best advice would to be that if you see a level getting beaten down, just "listen" to the current price action.....you need not wait until your stop gets hit and in most cases, especially for intraday trades, it just pays to go ...
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BillyRayVal replied Oct 30, 2008haha! No this is just some random dude.....not talking about our buddy shadow here
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BillyRayVal replied Oct 30, 2008I found this guy's site tonight; ......hes pretty funny in the way he starts off all of his videos but there is a lot of good stuff he throws together.....everything is free and hes well organized....he's all over youtube....thought they might be of ...
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BillyRayVal replied Oct 30, 2008No I wont; this guy is one in a million I realize this. Just going to make it a little more user friendly. I realized a long time ago that there is no way I will ever make everyone happy.
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BillyRayVal replied Oct 30, 2008It was a bit of a weird day today compared to what we've been used to. We had some mixed correlations that were off a little more than norm; but overall if you look at the bigger picture its all pretty much in line. I think its just that price is so ...
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BillyRayVal replied Oct 30, 2008Every once and a while they come around
. Its inevitable.No Brainer Trades
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BillyRayVal replied Oct 30, 2008hahaha thanks. I'm glad to know I'm well supported here.
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BillyRayVal replied Oct 30, 2008Hi wizard, like I say yes I mean they are not ncessarily buys or sells just key levels. Im going to change that. Yes, in many cases like the one today, after the 40-off pip bounce, selling into it wouldnt have been a bad choice at all.
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BillyRayVal replied Oct 30, 2008About my notes — Hey there, Couple things, this post stuck out to me for obvious reasons. These aren't "set and forget" "trading signals" when it comes to the intraday stuff. Quite the contrary. I stress over and over again that there is no ...
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BillyRayVal replied Oct 30, 2008Thanks Birdt....can always count on you for the great quotes
. Well said.No Brainer Trades
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BillyRayVal replied Oct 30, 2008Hi Sanook, It might just be a matter of experience perhaps..... You asked about pin bars....here is my experience with them: The main premise behind everything we do here is that these areas are obvious to traders everywhere, across the globe. ...
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BillyRayVal replied Oct 30, 2008GBP has 1.6670 in the same area.....look for confluence between the 2
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BillyRayVal replied Oct 30, 2008Hey there sorry I didnt get around sooner......I actually tend to never take breakouts on diagonal t/l's, only horizontal, though occasionally I will play a bounce off of one. The reason for this is that sell stops can easily accumulate under ...
No Brainer Trades