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-   -   Billytt Die happy trading e/j daily breakout (https://www.forexfactory.com/showthread.php?t=524601)

Patje Aug 14, 2019 3:10am | Post# 43461

Nice way to start the day.... +17 Dax...

lemercenaire Aug 14, 2019 3:24am | Post# 43462

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{quote} Morning Lem. i am waiting for the 00-00 to be re-visited then hopefully up. Failing that, I will be trading Dax on the 3 minute 20 point grid. ideally have a drop then up. Cable will be as normal, 08-00 15 min bar break. Hit it hard. Yaaaay
Hi Billy - you got your drop .

I let the drop go and played the Spike Hunt game.

As always, it goes too fast for me to get screen shots of them all but I did manage to nab the last two (the +1 and +5)...

DAX 1-min KO Spike Hunt +2 +0.5 +1.5 +2.5 +0.5 +3.9 +5 +1 [+16.9]

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(So as Spike Hunts, those two trades marked are Long against the grain).

The move to have been on, was obviously the drop and you can see where the trigger would have been pulled but I had already decided to play the Spikes.

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lemercenaire Aug 14, 2019 3:38am | Post# 43463

[quote=civilpes2001;12440423]{quote} Thanks for the reply, I was asking about the bigger MA's. by the way, I don't know what is t and l setup of lemercenaire, I will have to search it in the forum, but would you tell me if you already know which post or where does the t and l setup being explained. Thanks in advance[/quote]

'Morning.

To save you any strenuous reading ...

The Thunder & Lightning settings are:

Thunder:
7, 21, 48 and 21.

Lightning:
7, 12, 15 and 6.

Remove the Tenkan, Kijun and Chikou.

20 ema

For my variant, I use the Lighning Kumo only and added the 20 ema. This is specific to my 1-min or tick scalping. The full method uses Heiken Ashi candles and no ma.

I will use the full method for higher time frame trades and for establishing my bias.

lemercenaire Aug 14, 2019 3:45am | Post# 43464

@Claudia. Gold 30-min. One of your set-ups.

civilpes2001 Aug 14, 2019 3:45am | Post# 43465

{quote} Thanks for the reply, I was asking about the bigger MA's. by the way, I don't know what is t and l setup of lemercenaire, I will have to search it in the forum, but would you tell me if you already know which post or where does the t and l setup being explained. Thanks in advance 'Morning. To save you any strenuous reading ... The Thunder & Lightning settings are: Thunder: 7, 21, 48 and 21. Lightning: 7, 12, 15 and 6. Remove the Tenkan, Kijun and Chikou. 20 ema For my variant, I use the Lighning Kumo only and added the 20 ema....
Thank you very much lemercenaire. It is really helpful

lemercenaire Aug 14, 2019 3:48am | Post# 43466

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Going to be heading off for a bit.

Before I go, here's the overview on The DAX at the moment. Cramped, to say the least.

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billytt Aug 14, 2019 3:52am | Post# 43467

{quote} Morning Lem. i am waiting for the 00-00 to be re-visited then hopefully up. Failing that, I will be trading Dax on the 3 minute 20 point grid. ideally have a drop then up. Cable will be as normal, 08-00 15 min bar break. Hit it hard. Yaaaay
Dax, nice drop for 40 then out. All quick movement.
Hopefully up soon.

lemercenaire Aug 14, 2019 3:55am | Post# 43468

{quote} Thank you very much lemercenaire. It is really helpful
You're welcome.

If you are learning this game, I would seriously suggest using the full method on the higher time frames first. I certainly would suggest NOT trading The DAX.

Once you are happy with it at one level, drop a time frame and rinse+repeat.

Find a pair, or at most two or three while on the HTF and learn them inside out and upside down.

You are looking for rejection pa at the ma and around the clouds. You can also play contractions but that is more tricky. If you do see a zone, don't play it directly but instead wait for a break, retest, rejection pa from that area.

Do NOT use HA for entries. Find those on the ''normal'' candles. Use HA for exits.

lemercenaire Aug 14, 2019 4:03am | Post# 43469

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Billy-Bar is running on a fail long so far.

I had a Long Bias going in and after the initial fail, I have a Long Wick-Zone (my variant remember, not Billy's official methodology) and that has just bagged the +5.

GU Billy-Bar

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Name: GUasBillyBarandFailIntoWZ-LongBiasfor+5aug14t19.png
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lemercenaire Aug 14, 2019 4:08am | Post# 43470

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Short Bias on the AU H4. WZ would have given you the +5 so far.

AU H4

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Name: AUasH4-BillyBarShortBiasHereWZgood14thAug19.png
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civilpes2001 Aug 14, 2019 4:11am | Post# 43471

{quote} You're welcome. If you are learning this game, I would seriously suggest using the full method on the higher time frames first. I certainly would suggest NOT trading The DAX. Once you are happy with it at one level, drop a time frame and rinse+repeat. Find a pair, or at most two or three while on the HTF and learn them inside out and upside down. You are looking for rejection pa at the ma and around the clouds. You can also play contractions but that is more tricky. If you do see a zone, don't play it directly but instead wait for a break,...

Of course, I will not trade DAX, at least for now, it has wild swings and monster on its own, not suitable for me, but I am planning to trade with 5 pairs which doesn't eat much of margin as well as low swings.

Currently, I am using ichimoku could and supertrend with range bars. I will add your method and test it for myself.

Thanks anyways

Patje Aug 14, 2019 4:13am | Post# 43472

Short Bias on the AU H4. WZ would have given you the +5 so far. AU H4 {image}
Break didn't play out yet.......still not sure about risk for this and the counter part... So just watching it going.... Maybe I reverse position...

billytt Aug 14, 2019 4:29am | Post# 43473

Cable. 08-00 15 minute bar break.
High broke for the standard 5, but I got 4 As in 4%.
This was due to trading via phone .
Trade well

Patje Aug 14, 2019 4:57am | Post# 43474

Cable. 08-00 15 minute bar break. High broke for the standard 5, but I got 4 As in 4%. This was due to trading via phone . Trade well
what is your risk in pips and %.... And what about the counter is it double the size?

billytt Aug 14, 2019 6:12am | Post# 43475

Billy-Bar is running on a fail long so far. I had a Long Bias going in and after the initial fail, I have a Long Wick-Zone (my variant remember, not Billy's official methodology) and that has just bagged the +5. GU Billy-Bar {image}
08-00 15 bar was good. High broke slight retrace then up.. Was good.

turnip15 Aug 14, 2019 6:57am | Post# 43476

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This mornings Dax was good yet again. But them frisky openings will be back for certain.
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claudia1 Aug 14, 2019 7:01am | Post# 43477

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@Claudia. Gold 30-min. One of your set-ups.
Don't really follow gold - don't know why.

Been following this though. Think I posted a few weeks back - 15 min chart.

Need some horses ! Got a 14/1 win with Adam at Windsor on Monday.
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claudia1 Aug 14, 2019 7:22am | Post# 43478

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Unless NY open does something silly this is going 'back to the pivot'.
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Name: GBPUSD()H1.png
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billytt Aug 14, 2019 7:23am | Post# 43479

{quote}what is your risk in pips and %.... And what about the counter is it double the size?
Hi P, this is difficult to explain.
i do not conform to the standard risk/reward scenario. As you will probably find that the majority of the 95% who lose , follow this procedure.
I do sometimes double my next Trade. But I have the stats to show I will claw my loss back (counter).
If I have a Fail ,I then proceed to the next part of the trade.

claudia1 Aug 14, 2019 7:37am | Post# 43480

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Unless NY open does something silly this is going 'back to the pivot'. {image}
Think we got there without NY.
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Name: GBPUSD()H1.png
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