Billytt Die happy trading e/j daily breakout | Page 1023 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,441
  • Jul 24, 2017 2:52am Jul 24, 2017 2:52am
Quoting lemercenaire
'Morning, folks. Two plays for me this morning - my usual DAX and the ever-popular-around-this-part-of-town AU. For the DAX, the range was pretty big and looking at the S+D around the action, I figured trading back inside may be safer than a break (certainly a break South). The call was good in the sense that for sure, the first move was hard back inside, however as it turns out, the break that eventually came would have worked out just fine. Fair enough. DAX 06:00 - 08:00 (Done WZ North into body) +5%...
FYI, the S+D info I was looking at pre-move...
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashH1S+Daroundthe06.00-08.00foreg24thJuly17cropped.png Size: 17 KB
  • #20,442
  • Jul 24, 2017 2:57am Jul 24, 2017 2:57am
Quoting bojack34
{quote} I really need to learn this midprice stuff then. Cable broke low and it wasn't that close. I'm surprised.
Mid price is middle of Buy and Sell price, your chart ware can normally give you the option to use this.
When i compound or trade heavily i do exact Low trigger. todays E/U mid low was 11642.3, at 08-00 it dropped to 11642.4 IT HAD TO BE 11642 FOR MY TRIGGER.
same thing happened with Cable. mid low was 12998.4, it dropped to 12988.3 IT HAD TO TRIGGER 12988, the whole number.
Dont forget i have spoken about trading for 1 point and being able to enter 1 point before low, but not with compounding, big trades.
i need pure stats for these.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,443
  • Jul 24, 2017 2:58am Jul 24, 2017 2:58am
Added some Scalping-the-DAX fun-in-the-sun.

Run the bounces between zones and entries come as WZ plays on each 5 Min bar.

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5scalpingtehDAX-MonsterCWs+d24thJuluy17cropped.png Size: 19 KB


Not going to poke the bear too much though, so that's me stepping away from the DAX-Monster for the day, with all limbs still attached.

Going to crash for a couple of hours - back for The Dead Zone.

Trade well, all.
  • #20,444
  • Jul 24, 2017 3:02am Jul 24, 2017 3:02am
Now for the confusing bit lol,
IF A HIGH WAS 1234.5 I WOULD ENTER ON 1234

with Cable at this time my stats would show that the Low had triggered , IT HASN'T. but it is how i have my stats
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,445
  • Edited 4:23am Jul 24, 2017 3:07am | Edited 4:23am
t 09-07 and yes, with Cable a retrace trade can be made

edit a few points could of been made, BUT more prob to lose, as it did.FAIL
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,446
  • Jul 24, 2017 3:16am Jul 24, 2017 3:16am
Quoting billytt
{quote} Mid price is middle of Buy and Sell price, your chart ware can normally give you the option to use this. When i compound or trade heavily i do exact Low trigger. todays E/U mid low was 11642.3, at 08-00 it dropped to 11642.4 IT HAD TO BE 11642 FOR MY TRIGGER. same thing happened with Cable. mid low was 12998.4, it dropped to 12988.3 IT HAD TO TRIGGER 12988, the whole number. Dont forget i have spoken about trading for 1 point and being able to enter 1 point before low, but not with compounding, big trades. i need pure stats for these.
I'm looking into making this change on my chart ware if it is possible. Txs Billy
  • #20,447
  • Jul 24, 2017 3:34am Jul 24, 2017 3:34am
Quoting bojack34
{quote} I'm looking into making this change on my chart ware if it is possible. Txs Billy
trade how it suits you BO, i find Mid is better but you cannot just start compring them every day.It is one or the other
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,448
  • Jul 24, 2017 3:34am Jul 24, 2017 3:34am
Great, simple, WZ move on the Cable H4 set-up.

I know this isn't Billy's way of trading this (and that's why I don't normally post about it) but I find it works perfectly for additional pips.

Attached Image
  • #20,449
  • Jul 24, 2017 3:37am Jul 24, 2017 3:37am
Quoting billytt
t 09-07 and yes, with Cable a retrace trade can be made
i was just pinged, from the low trigger (stat trigger) it reversed. At 09-07 i said a retrace could be made,
A retrace could of been made anywhere up to then.
I was actually working on my Lady's compound return and only then saw it, These are lucky moments lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,450
  • Jul 24, 2017 3:44am Jul 24, 2017 3:44am
Cable hi broke
  • #20,451
  • Jul 24, 2017 3:45am Jul 24, 2017 3:45am
Cable High just broke, lets see what happens, but i am away right now, catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,452
  • Jul 24, 2017 3:45am Jul 24, 2017 3:45am
Quoting Pipradar
Cable hi broke

snap, you beat me to it,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,453
  • Jul 24, 2017 4:20am Jul 24, 2017 4:20am
Quoting billytt
Cable High just broke, lets see what happens, but i am away right now, catch you later
t 10-20 it has got the +20 , lets see if the ADR is made
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,454
  • Jul 24, 2017 4:24am Jul 24, 2017 4:24am
My FB trade earlier.

  1. EURGBP FB +6.3 pips
    Shorted at FB low. Aimed for +5. TP was reached. Clean trade. I was willing to counter at FB high.

EURGBP M5

Attached Image
  • #20,455
  • Jul 24, 2017 4:46am Jul 24, 2017 4:46am
Quoting StudyFX
My FB trade earlier. EURGBP FB +6.3 pips Shorted at FB low. Aimed for +5. TP was reached. Clean trade. I was willing to counter at FB high. EURGBP M5 {image}
good trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,456
  • Jul 24, 2017 5:23am Jul 24, 2017 5:23am
Cable, adjusted ADR chart. t 11-22
Attached Image


edit, ADR range is set at 90, this is not the exact figure
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,457
  • Jul 24, 2017 5:48am Jul 24, 2017 5:48am
Two WH surfing trades.

  1. USDCAD WH Surfing +6.6 pips
    Bought at WH high. Aimed for +5. Quick and clean trade. I was willing to counter at WH mid.
  2. USDCAD WH Surfing +10.1 pips (-4.1+7.3+6.9)
    Shorted at WH low. Countered at WH mid. Closed the counter and added a sell at WH low. Aimed for a tiny bit more than +5 based on S+D and fibs.

USDCAD M5

Attached Image
  • #20,458
  • Jul 24, 2017 6:28am Jul 24, 2017 6:28am
Maybe the Medium Impact News coming out in 1.5 hrs will help GU move enough to reach ADR.
  • #20,459
  • Jul 24, 2017 6:36am Jul 24, 2017 6:36am
Quoting bojack34
Maybe the Medium Impact News coming out in 1.5 hrs will help GU move enough to reach ADR.
Dont forget, once an other end triggers ,we do not know how far it will go.
We have good odds of getting 20 and Daily High , But we cannot say for certain it will be ADR.
That low trigger only just made it.
i noticed it just jumped up again.
You could be right the low impact news could make it go up to ADR.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,460
  • Jul 24, 2017 7:01am Jul 24, 2017 7:01am
DZ set-ups looking good today are:

EJ, GU and UC (of course)...you could also make solid cases for GN, NJ, XAU, UJ and GJ though not as straight forward.

CJ has had its initial move but there is still some potential wave-action there for later.

No time to post any charts, sorry - trade well, folks.
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