Billytt Die happy trading e/j daily breakout | Page 1043 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #20,841
  • Aug 3, 2017 12:31pm Aug 3, 2017 12:31pm
The B*A*D trade is sitting in limbo. Held at around -3. It'll stay like that until the next trigger comes.
  • #20,842
  • Aug 3, 2017 12:37pm Aug 3, 2017 12:37pm
In The Dead Zone, I went with old fav EJ. I wanted to stay away from GBP and USD connections featured in most of the other options (though I was really tempted by the surfing conditions over on AU).

Anyway, as I said, it pays to stick with old friends...

EURJPY - WZ flight out of the Southern Zone.

Attached Image (click to enlarge)
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  • #20,843
  • Aug 3, 2017 3:28pm Aug 3, 2017 3:28pm
Quoting lemercenaire
The B*A*D trade is sitting in limbo. Held at around -3. It'll stay like that until the next trigger comes.
Next trigger came. WZ trip out of the lower zone. Job done.
  • #20,844
  • Aug 3, 2017 3:30pm Aug 3, 2017 3:30pm
Quoting lemercenaire
{quote} Next trigger came. WZ trip out of the lower zone. Job done.
Attached Image (click to enlarge)
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  • #20,845
  • Aug 3, 2017 3:59pm Aug 3, 2017 3:59pm
Quoting bojack34
{quote} {image}
Mmmmmm...

Seemed to take for ever. I genuinely think that trading The DAX now has warped my perception of the space-time-continuum and everything but The Monster moves at glacial speed.
  • #20,846
  • Aug 3, 2017 4:00pm Aug 3, 2017 4:00pm
Here's the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1asBADtrade3rdAug17-AfterCounterAnd2ndTrigger-Long-To-Win-Cropped.png Size: 16 KB
  • #20,847
  • Aug 3, 2017 4:09pm Aug 3, 2017 4:09pm
After the B*A*D stand-off, heading back to The Dead Zone, here's the charts across the pairs...

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 31 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 34 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 31 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 33 KB


GBPNZD
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  • #20,848
  • Aug 3, 2017 4:12pm Aug 3, 2017 4:12pm
AUDNZD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 31 KB


GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 28 KB


CADJPY
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 32 KB


NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 32 KB


NZDJPY
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  • #20,849
  • Aug 3, 2017 4:14pm Aug 3, 2017 4:14pm
XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 32 KB


USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 29 KB


GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 27 KB


GER30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 30 KB


OILUSD
Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1DeadZone3rdAugust17-EndOfDay-At21.34uk.png Size: 30 KB
  • #20,850
  • Aug 3, 2017 6:40pm Aug 3, 2017 6:40pm
[quote=classicJ;10153583]Hey guys Ive been doing stats collecting too and I found somthing worth taking a note. 1.Spread In some cases of AUD/USD stats that I gathered, breakout pips is less than 0, like -0.8, -1.2, -2.4.. Then I open the chart and realized that's because of the spread, different price between ASK and BID price. I assume: When trading a buy trigger, we use the ASK price, when ASK price > buy trigger price, we buy. ( is that right? ) When trading a sell trigger, we use the BID price, when BID price < sell trigger price, we sell. ( is that right? ) Buy Situation:

Hi C, Lem posted a good answer. My spread is upto 1. All my stats are based on getting 10 points even though i only need 5 (5%) the other 5 are looked at as spread even though it is not true.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,851
  • Aug 3, 2017 10:46pm Aug 3, 2017 10:46pm
Quoting lemercenaire
{quote} Hi CJ. The short answer is that I wouldn't be trading anything that had a 2 - 4 pips spread (the indices I trade have their own set of rules, so I wouldn't include them in that statement). The max I would be looking at would be 1 pip and I'm often operating at less than 1. There is one exception to this and that is GN, however the much larger moves this makes makes up for the larger spread.
Thanks Lem! Agreee with you the max 1 pip spread limitation. I'll add it to my trading rules.
  • #20,852
  • Aug 3, 2017 11:00pm Aug 3, 2017 11:00pm
Quoting billytt
Quoting classicJ
Hey guys Ive been doing stats collecting too and I found somthing worth taking a note. 1.Spread In some cases of AUD/USD stats that I gathered, breakout pips is less than 0, like -0.8, -1.2, -2.4.. Then I open the chart and realized that's because of the spread, different price between ASK and BID price. I assume: When trading a buy trigger, we use the ASK price, when ASK price > buy trigger price, we buy. ( is that right? ) When trading a sell trigger, we use the BID price, when BID price < sell trigger price, we sell.
...
Thanks Billy for "the other 5 are looked at as spread even though it is not true"
  • #20,853
  • Aug 4, 2017 2:05am Aug 4, 2017 2:05am
08-00 and I've never seen Cable with such a small range up to this point. Currently it sits at a 16 pip range. I would assume it's mainly because of NFP coming up and other HIN. I guess it's safe to say that Cable will be slow moving until it erupts like Mount St. Helen's in a few hours.
  • #20,854
  • Aug 4, 2017 2:14am Aug 4, 2017 2:14am
morning all, t 08-12.
Cable High broke for +5, +10 yet to be made.
I did not trade it, i had enough %%% yesterday with that big drop lol.
Don't forget NFP later.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,855
  • Aug 4, 2017 2:15am Aug 4, 2017 2:15am
Quoting bojack34
08-00 and I've never seen Cable with such a small range up to this point. Currently it sits at a 16 pip range. I would assume it's mainly because of NFP coming up and other HIN. I guess it's safe to say that Cable will be slow moving until it erupts like Mount St. Helen's in a few hours.
Bo, Cable on inside bars on 4 hour bar since 16-00 yesterday
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,856
  • Aug 4, 2017 2:16am Aug 4, 2017 2:16am
E/U High broke then retrace, again i am leaving it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,857
  • Aug 4, 2017 2:17am Aug 4, 2017 2:17am
Quoting billytt
{quote} Bo, Cable on inside bars on 4 hour bar since 16-00 yesterday
wow.....it's going to be like a Jack n the Box come time for NFP...lol
  • #20,858
  • Aug 4, 2017 2:19am Aug 4, 2017 2:19am
A/U and E/J no trigger yet, all small ranges
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20,859
  • Aug 4, 2017 2:55am Aug 4, 2017 2:55am
G'Day all. Hope all's well.

The DAX hit the ground running this morning - surprise, surprise, lol - but I had a plan in mind in the lead-in and was determined to stick to it...no getting stuck in a wrong call just because I see things moving.

I'll explain.

Going by the naked H1 chart, there was no reason to suppose that a move to the short side of town wouldn't be a success. However, dropping down to the M5 and M1 charts and checking the S+D down there, all the signs were that the move to be waiting on was the long one.

So that's what I did.

DAX 06:00 - 08:00 (WZ North back into the body) +5%
Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX06.00-08.00Aug4th17-Crop_LI.jpg Size: 869 KB


I do have to come clean and say that even if I had wanted to get in on the short break, I would have been in deep doo-dah, as as is usual, the move came lightning-fast and no way would I have got in on it at the break level.

The drop went for about 3 before turning, so would have been a counter-situation. As it turns out and you can see above, the counter would have worked out fine.

Anyway, here's what I was looking at on the M1 and M5 detail charts...

Pre-KO:
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5asDAX07.55-Spike-Lead-In4thAug17.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM1as07.55-Spike4thAug17-Lead-In.png Size: 46 KB

EDIT: Ignore the pink price-zone on this one above, it plays no part in this at this time and I hadn't reset it for today.

At the off:
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5asDAX07.55-Spike-At-The-Off4thAug17.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM1asM1EntryDetailForDAX06.00-08.00Aug4th17.png Size: 45 KB
  • #20,860
  • Aug 4, 2017 2:58am Aug 4, 2017 2:58am
Quoting bojack34
{quote} wow.....it's going to be like a Jack n the Box come time for NFP...lol
that inside bar from yesterday has been broken for approx +10.
todays 04-00 bar has been broken for +10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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