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billytt Feb 2, 2015 9:16pm | Post# 1

Billytt Die happy trading e/j daily breakout
 
Hello and welcome.
Page 1 amended 16th May 2018....
Thread originally started for E/J Daily Breakout
BUT WE HAVE PROGRESSED INTO OTHER METHODS BUT THEY ALL WORK..
1... E/J DAILY BREAKOUT...
2... A/U 04-00 4 HOUR BAR BREAKOUT...
3... CABLE 08-00 15 MINUTE BAR BREAKOUT...
4... Mr-T's UC method is The Dead Zone.
5... WICK ZONE
6... CLAUDIA'S WINE BAR
7... DEAD ZONE
8 Retrace trades Post 45742
ALL UK TIME....THANKS LEM< FOR BELOW


So. Here ya' go. The beloe originated on Page 2580 ,,,Post 51597

I in no way claim that this is a library of content. Instead, what I wanted to do was list a page number that would show where each particular method first kicked in.

I have added the occasional comment and you'll see why once you read them - I know that that's kind of statin'-the-bleedin'-obvious but you'll see what I mean.

Right.

EJ Daily Break.
Page 1 >
Billy's baby girl and although things have kind of left it behind, she still makes an appearance now and again. What should be noted however, is that a few have done updated stats on this and it is now not performing quite as well as it did when Billy first ran it. Keep that in mind. Nothing has gone wrong, markets just change over time. It still rocks.

Claudia's Wine Bar/Pivot Trading.
Page 12 >
Difficult to pin down, as Claudia kind of drops things into the conversation as she goes along hammering Cable relentlessly.

AU H4 Break.
Page 244 >
Also includes the GU variant that wanders in-and-out of the thread from time-to-time. Differences are that the AU runs 00:00 to 04:00, while GU covers 04:00 to 08:00.
The major thing about the GU variant is that it eventually led to The Billy Bar.

Daily Break Wick Zone.
Page 577 >
My first intro to the thread. Took the bones of the EJ Daily Break and added Alien Technology and any pairs that I liked the look of. Main difference is that The Wick Zone adds the ability to trade the move back into the body of the candle.

The Dead Zone.
Page 580 is the first nudge by Too Slow, for which I am forever grateful.
Page 581 > is the first time I picked up the ball and ran with it.
Plays the range of the H1 previous to the US Open.
Officially became The Dead Zone on Page 591.
Somewhere in there, The Witching Hour makes an appearance. This is basically a Dead Zone that runs over the 00:00 to 01:00 UK time GJ and EJ bars. A second variant also works and that covers the 23:00 to 00:00 slot. It is in fact possible to run both as a combined block and on other pairs as spread allows. One tends to act as a continuation trade, the other a reversal. Go find them to find out which is which.

DAX 07:00 - 07:15
Page 585 >
A Billy experiment that ultimately led to other things.

Frankenbreak.
Page 699 >
Another one of mine - as much as a range break can belong to anyone - and plays the range before the Frankfurt Open, I think from 03:00 to 07:00. Sorry, it's been a while, you'd need to confirm the block. I have recently revisited this and have come up with a Frankenbreak-Redux but it's still a work in progress. You'll see it when I am happy with it. If I am happy with it.

H4 Wick-Zone.
Page 810 or so >
I ran these using The F40 and the Brent/US Crude Differential.

DAX-Monster.
Page 1009 or thereabouts >
A 2-Hr Block over the 06:00 to 08:00 slot. Run Wick-Zone style. There is also a brief flirtation with a one hour variant.

Billy's Afternoon Delight (B*A*D)
Page 1032 or so >
Built on a suggestion from Claudia, this plays on the GU fix time slot. Works well, I just kept forgetting it was on, due to the unusual time of day, lol.

Claudia's Dream
Page 1070 or so >
Claudia's EA based around her contraction break trading. A work in progress. Available on request.

The Billy-Bar.
08:00 to 08:15 bar on Cable only.
This was first hinted at by Billy while on the face of it talking about something else, lol, around Page 150. At the time and for some time afterwards, it was known simply as the Open Range Breakout or ORB. At the time, this was also run on EJ, GJ and even EU, before settling on Cable.
This was tracked alongside Billy's other work - no doubt while he compiled his extensive stats - featuring on Page 1185 and then taking centre stage on Page 1200 > until it became, officially, via myself, The Billy Bar at around Page 2220, where I also bring in its red-haired-second-cousin, The Not The Billy Bar, which is the bar previous, at 07:45 to 08:00.

Since the beginning of the year or so, I have run my Thunder+Lightning and Kijun-sen methods as my general day-to-day set-ups. It may have been earlier, it may have been later.

I haven't gone to find the pages they first appeared on as I am still using them and will continue to do so for the foreseeable future. Anyone wants to know anything about them, either just ask, or do a search in the thread. Seek and ye shall find.

Over and above it all, The Billy Bar just keeps on truckin' and anyone coming here in search of The Light, or hey, just a way to make some steady bucks, should start there or the AU H4.

Peace Out and Watch The Skies.


Rules 2, No swearing, racism don't ask for trade explorer and first person to mention DB will be stoned unless it adds to expanding our imagination regarding trading.
BOLLINGER BANDS ARE DEFINITELY a NO NO.


edit.. March 2018
LEMERCENAIRE....info
What you have to realise is that this thread, having been banished to the Commercial Content section of the FF Universe, is not a single ''method'' thread at all any more.

Over time, it has morphed, as it has attracted a motley crew of reprobates and brigands who like to sail under Cap'n Bill's black flag, into a kind of journal of ideas and concepts, free from the usual FF thread BS, where we can hang out and chew the fat.

Most, though not all, methods used here share a lot of the same DNA and have grown organically from the original concept over time.

Like has attracted like, with other like-minded souls finding their way here, more often than not, through word-of-mouth or introduction from one of the shipmates already here and Billy is gracious enough to give us a home.

As such, the method that Mr-T is using there is my Dead Zone (though I say ''my'' method only in the sense that I introduced it here via my friend TooSlow's suggestion and built it up over time using what we call ''Alien Technology'').

All of my methods used here are actually all using the base technique known as Wick-Zone. This is the main way in which my trade management differs from Billy's.

What this boils down to is that price wants to leave the Wick Zones of a candle and I take advantage of this to give me an edge along with Supply+Demand, pivots and other herbs and spices.

So, back to the specifics of The Dead Zone and what this takes advantage of is the ''dead air'' in the hour before the US Open. I take the High, Low, Open and Close of that H1 candle and extend the levels out into the day. I then trade the movement of price as it crosses over those levels.

As examples from the UC set-up today, we would have had:

1: The move back into the body of the candle. This is my own personal trade preference.Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1526407842



2: The break outside of the range.Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1526407909



3: If price dropped all the way out, we can trade back into the body again from below. Again, out of the WZ.Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1526408001



There is also a fourth addition, that of a break out of the range low, however in this particular case, you would not have price get there without first having triggered the move back into the body.

The other line on the block, is the range mid-line. This is not so important any more but can be used as an add-in point for an open trade, or even as a late entry, as price tends to pivot around this line before continuing on.

Mr-T doesn't use this indicator, however the method is this one.

Hope that helped in some way.

I have been asked a few times lately - and in the past - if it would be possible to put together a kid of round-up post on the specifics of The Dead Zone, so this I guess was as good an opportunity to do so as any other.




3

billytt Feb 2, 2015 9:23pm | Post# 2

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1st chart e/j daily. 1= todays candle Tuesday.....2 = Monday candle.. high was 13360 and low was 13246.
You will see I have 2 moving average indies on, a 10 and 20. These mean nothing to me but they can be used as a tool for stats.


edit,, also have a rsi (relative strength indicator) on chart, this doesn't mean anything but can be used for stats.

billytt Feb 2, 2015 9:28pm | Post# 3

So now we wait, or set alarm

Aussie Phil Feb 2, 2015 9:47pm | Post# 4

Hey Billy good to see you up and about

billytt Feb 2, 2015 9:50pm | Post# 5

[quote=Aussie Phil;8041250]Hey Billy good to see you up and about[/quote
Hi bud glad to hear off you, hope everything is ok with you...
no trading going on so I can speak lol, I am fine but that is lying, I have a few problems from my past but I am sure things will go ok. If I suddenly disappear you'll lknow they found me .

Aussie Phil Feb 2, 2015 9:55pm | Post# 6

[quote=billytt;8041254]
Hey Billy good to see you up and about[/quote Hi bud glad to hear off you, hope everything is ok with you... no trading going on so I can speak lol, I am fine but that is lying, I have a few problems from my past but I am sure things will go ok. If I suddenly disappear you'll lknow they found me .
Ha Ha you cant keep an old rogue down mate

billytt Feb 2, 2015 9:58pm | Post# 7

[quote=Aussie Phil;8041259]
{quote} Ha Ha you cant keep an old rogue down mate
rogue???? moi... I worked for Her Majesty I wasn't a rogue lol.

billytt Feb 2, 2015 10:00pm | Post# 8

anyway trading,,, I don't use moving averages but what do you think about the e/j bouncing north off the 10 ma, that is a question to anyone. I am not bothered lol

Aussie Phil Feb 2, 2015 10:02pm | Post# 9

[quote=billytt;8041263]
{quote} rogue???? moi... I worked for Her Majesty I wasn't a rogue lol.
I was and still am and proud of it. After 36 years the wife still asks me to grow up. Good luck.

billytt Feb 2, 2015 10:06pm | Post# 10

[quote=Aussie Phil;8041268]
{quote} I was and still am and proud of it. After 36 years the wife still asks me to grow up. Good luck.
You know Phil, I have even more respect for you now.. I have done dodgy things in the past but right now it is related from being in the military. Funny thing is, a couple of days ago I was told to grow up as I keep doing stupid crazy things, why not?


AND I wasn't a deserter.

Aussie Phil Feb 2, 2015 10:12pm | Post# 11

on a serious note how to you gauge momentum before you enter a trade?

billytt Feb 2, 2015 10:17pm | Post# 12

on a serious note how to you gauge momentum before you enter a trade?
I don't, sometimes I will speak my mind for instance at present I think e/j will go up. But it doesn't matter where it goes. if yesterdays high is broken I will long it and the same with the low. I honestly think it has more chance going up but I don't care.. Look for clues inside bar/out side bar even ma and levels (on shorter time frame)


edit,,, as I am only after a few pips I have a good chance of getting them, look at all the past daily candles with the little wicks.i can post a chart but I am off to bed very soon

Aussie Phil Feb 2, 2015 10:18pm | Post# 13

{quote} I don't, sometimes I will speak my mind for instance at present I think e/j will go up. But it doesn't matter where it goes. if yesterdays high is broken I will long it and the same with the low. I honestly think it has more chance going up but I don't care.. Look for clues inside bar/out side bar even ma and levels (on shorter time frame)

roger

billytt Feb 2, 2015 10:24pm | Post# 14

catch you later Phil, one is away. I have alarm set on e/j and i'll be up for Frankie open,

pipreeper Feb 3, 2015 2:20am | Post# 15

Hi Billy, glad you are sticking around.don't know if you have answered this already but do you try and catch a live trade or set and forget?

FOURX Feb 3, 2015 3:39am | Post# 16

So there you are😉

billytt Feb 3, 2015 5:00am | Post# 17

Hi Billy, glad you are sticking around.don't know if you have answered this already but do you try and catch a live trade or set and forget?
Hi Pip hope you are ok. I do not set and forget even though many people do this, only thing is the method has to be tweaked.
Looked at today for example, e/j daily low was broken and then it almost immediately retraced THAT WAS A LOSS. But because I was trading live I made it good, it is hard work to trade like this actually frightening.

billytt Feb 3, 2015 5:16am | Post# 18

So there you are😉
wayhay Fourx I am still here but I cannot say for how long, I do get mailed ff replies so this keeps me in touch spiritually lol. I get pinged a lot from peeps asking which way market is going, I have no idea, I have personal thoughts and can make suggestions but nothing is better than watching price action of a level being broken or inside/outside bars,It can be made easier, bne good bud

billytt Feb 3, 2015 5:34am | Post# 19

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This could not of been a better intro, Monday low was broken and then it retraced, This trade was a loss. It doesn't work all of the time..
Claudia could of traded it no problem and so could i.
Forget I said it might bounce off the 10 ma even though it did, I watch price action lines



edit, should it break yesterday high of 13360 I am looking for 5 pips but I will have other trades running to get 10 and 15 , the 15 will be left to run. IF it breaks the next normal stop will be around 13400 so that should give you some pips, but for me 5 easy ones are better

billytt Feb 3, 2015 8:33am | Post# 20

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e/j daily high has been broken, I took my famous 5 then 10 and got the 15 but I am letting this trade run what ever hgappens i'll keep a few pips. Normally I only take 5 unless the pair moves quick. lets see if it reaches next level, but then again who cares lol.


edit, hopefully if you are into that sort iof thing, next level should be 20 ma or 13500

Aussie Phil Feb 3, 2015 9:03am | Post# 21

Nice move billy I took the 5 and then trailed it to 100. Pity it was demo otherwise i would have shut the shop for this week.

billytt Feb 3, 2015 9:06am | Post# 22

Nice move billy I took the 5 and then trailed it to 100. Pity it was demo otherwise i would have shut the shop for this week.
Nice one Phil, that e/j high breakout is a beauty, Just kept going north without any problems, text book stuff. Pity it isn't this easy. I worked hard this morning when the low was broken, I honestly thought I would get the 5 even though I privately think it will go north.


edit, I am still in the trade with my 15 still running

Aussie Phil Feb 3, 2015 9:09am | Post# 23

{quote} Nice one Phil, that e/j high breakout is a beauty, Just kept going north without any problems, text book stuff. Pity it isn't this easy. I worked hard this morning when the low was broken, I honestly thought I would get the 5 even though I privately think it will go north. edit, I am still in the trade with my 15 still running

i will be interested to see how far it goes but sleep is beckoning............

billytt Feb 3, 2015 9:16am | Post# 24

{quote} i will be interested to see how far it goes but sleep is beckoning............
if you are speaking levels I'd say 13700 as a continuation but should it reverse down to 13100, look for clues plus go off the daily breakout, I have a preference for long lol



edit,,, look out for the NFP trap too

Jansphoto Feb 3, 2015 9:42am | Post# 25

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Move sl to be+5
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billytt Feb 3, 2015 9:52am | Post# 26

Move sl to be+5 {image}
nice one jan, I am all done now, now I wait for midnight (tomorrow breakout)

claudia1 Feb 3, 2015 11:03am | Post# 27

{quote} nice one jan, I am all done now, now I wait for midnight (tomorrow breakout)
Hey good thread keep it going. I'm using a similar thing (the idea you gave to me) on g/n which I love to hate lol and a/u as well as e/j.

billytt Feb 3, 2015 11:11am | Post# 28

{quote} Hey good thread keep it going. I'm using a similar thing (the idea you gave to me) on g/n which I love to hate lol and a/u as well as e/j.
woo woo Madam Sin is here, I feel humble.
Claudia this works on all the fast movers but not guaranteed wins, I know you can trade hard, so that is why we seldom lose, good to see you , how was Frankfurt lol

claudia1 Feb 3, 2015 11:18am | Post# 29

{quote} woo woo Madam Sin is here, I feel humble. Claudia this works on all the fast movers but not guaranteed wins, I know you can trade hard, so that is why we seldom lose, good to see you , how was Frankfurt lol
Oh I never got to Frankie but there's a shock.

G/N is sure a fast mover when it goes. Spread isn't too bad averaging around 10 at moment - sounds a lot but seen a lot worse on this thing.

billytt Feb 3, 2015 11:22am | Post# 30

{quote}Oh I never got to Frankie but there's a shock. G/N is sure a fast mover when it goes. Spread isn't too bad averaging around 10 at moment - sounds a lot but seen a lot worse on this thing.
(Spread) as long as you know it is there you can work around it, or call it wear and tear. It happens so we get on with it and trade.
We do not expect anything for free we work for it.

billytt Feb 3, 2015 11:35am | Post# 31

Claudia, you would of got cable both ways on breakout today. I do watch but do not touch it

RabbitWolf Feb 3, 2015 11:44am | Post# 32

I want to die happy trading too. So i am in.

Billy i can not promise that i will trade this way... But will be lurking here


Good luck everybody !

billytt Feb 3, 2015 11:47am | Post# 33

I want to die happy trading too. So i am in. Billy i can not promise that i will trade this way... But will be lurking here Good luck everybody !
woo woo Bunny is here, breakout is simple price action trade and Bunny knows I have lots of stats to help me when a trade goes against , BUT with all the stuff you use Bunny that too helps because they are levels one way or another.

billytt Feb 3, 2015 11:49am | Post# 34

I want to die happy trading too. So i am in. Billy i can not promise that i will trade this way... But will be lurking here Good luck everybody !

the best trader I know who actually traded and retired was my daughter when she was approx 9 years old, she stopped trading then went into selling dolls on ebay and then progressed to buying a car wash business, she is 11now, cor blimey..

erdit, car wash business, I bought it for her with her money and she is silent partner

claudia1 Feb 3, 2015 11:49am | Post# 35

Claudia, you would of got cable both ways on breakout today. I do watch but do not touch it
Only got the long but that's fine. Hi Bunny.

Jansphoto Feb 3, 2015 11:51am | Post# 36

Move sl to be+5 {image}
I'm out at 100 pips profit

billytt Feb 3, 2015 11:54am | Post# 37

I want to die happy trading too. So i am in. Billy i can not promise that i will trade this way... But will be lurking here Good luck everybody !
seriously rabbit, if it goes like today it is so easy but you get a trade go against, it is frightening. It is a lot easier just taking 5 pips without any other running trades.
I used to trade this as well with ibs and I would look for 20 pips and compound, I always had a defrib handy lol

billytt Feb 3, 2015 11:56am | Post# 38

{quote} I'm out at 100 pips profit
nice one, a beautiful day jen. lets hope you get a good entry again soon, which I think you will.

billytt Feb 3, 2015 5:41pm | Post# 39

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on chart we have highlighted candles with small wicks going against the current daily trend, everyone except today was good.
good meaning they made at least 10 pips.
The un marked candles were very good, This is trading the daily break,
I am happy with 5 pips but on a day like today Tuesday 03/02/15 many more pips were made.

billytt Feb 3, 2015 5:48pm | Post# 40

Claudia,, cable has a nice big outside bar on daily starting from last Thursday, that could well be worth watching


edit 2,,, and obviously e/j is also on an outside bar Tuesday 3rd.


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