XAUUSD
USDJPY
GBPJPY
GER30
OILUSD
USDJPY
GBPJPY
GER30
OILUSD
Billytt Die happy trading e/j daily breakout
- #21,003
- Aug 9, 2017 2:49am Aug 9, 2017 2:49am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
G'day all.
Winged it a bit on The DAX this morning. Price was sitting between extremes and although I was looking at a long bias overall, the 5-min tf wasn't giving any clues as to the immediate move out of the gate.
As such, I took a leaf out of Billy's Big Bag O' Tricks and when price dropped into the Demand Zone on the m5 (but still inside the candle range), I went in on a couple of retrace trades back up. The DAX then being the DAX, bagged the +5% in the blink of an eye (with a little bit of jam on top). Sweet.
Here's how it looked...
DAX 06:00 - 08:00 (Retrace Trade) +5%
Detail
Once that was in the pot, I wasn't looking to get involved in any more moves straight away but it was gratifying to see that once this initial skirmish was over, the long bias kicked in and sure enough, the +5% (and more) came on a WZ move back inside the candle body.
As WZ North into body. +5%
Winged it a bit on The DAX this morning. Price was sitting between extremes and although I was looking at a long bias overall, the 5-min tf wasn't giving any clues as to the immediate move out of the gate.
As such, I took a leaf out of Billy's Big Bag O' Tricks and when price dropped into the Demand Zone on the m5 (but still inside the candle range), I went in on a couple of retrace trades back up. The DAX then being the DAX, bagged the +5% in the blink of an eye (with a little bit of jam on top). Sweet.
Here's how it looked...
DAX 06:00 - 08:00 (Retrace Trade) +5%
Detail
Once that was in the pot, I wasn't looking to get involved in any more moves straight away but it was gratifying to see that once this initial skirmish was over, the long bias kicked in and sure enough, the +5% (and more) came on a WZ move back inside the candle body.
As WZ North into body. +5%
- #21,013
- Aug 9, 2017 7:20am Aug 9, 2017 7:20am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
First to trigger was one of the back-ups, NU and it has made the +5%. Looking at it again, this should have been one of the first choice pairs. Oh well, no harm, no foul.
Of the top 4 options, CJ also set off and hit the +5% but only just (it's now reversed). Fair enough. One really shouldn't rush these things though, as of course, there are the OIL inventories coming up and there is no way I should be taking CAD and JPY. Madness.
Of the others, I am going to be leaving well enough alone, as they have all pretty much headed off in the opposite directions to those I am looking for. There's just a weird feel to the day at the moment. I've got my percents as Bill would say and I'm happy with that.
If anything shows clear - likely to be a surfing opportunity - then I will possibly take it but that aside, I'll be waiting for Billy's Afternoon Delight now.
Of the top 4 options, CJ also set off and hit the +5% but only just (it's now reversed). Fair enough. One really shouldn't rush these things though, as of course, there are the OIL inventories coming up and there is no way I should be taking CAD and JPY. Madness.
Of the others, I am going to be leaving well enough alone, as they have all pretty much headed off in the opposite directions to those I am looking for. There's just a weird feel to the day at the moment. I've got my percents as Bill would say and I'm happy with that.
If anything shows clear - likely to be a surfing opportunity - then I will possibly take it but that aside, I'll be waiting for Billy's Afternoon Delight now.
- #21,014
- Aug 9, 2017 8:52am Aug 9, 2017 8:52am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #21,015
- Aug 9, 2017 10:13am Aug 9, 2017 10:13am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
A slightly iffy set up with a probably slight bias toward long but the WZ move triggered first and I went for it, looking to bag it quickly if it looked like it was going wrong. Came good, with +5% into the swag-bag.
B*A*D Trade (WZ move South into candle body). +5%
As it turns out, the move has turned all the way back on itself, so the earlier long bias may have been right as well. I won't be trading it.
B*A*D Trade (WZ move South into candle body). +5%
As it turns out, the move has turned all the way back on itself, so the earlier long bias may have been right as well. I won't be trading it.
- #21,016
- Aug 9, 2017 10:38am Aug 9, 2017 10:38am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
B*A*D Trade update:
Evil-Smiley-Face says the expected long break was goooooooood
.
Good to know.
Evil-Smiley-Face says the expected long break was goooooooood
. Good to know.
- #21,018
- Aug 9, 2017 2:51pm Aug 9, 2017 2:51pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
B*A*D Trade update: Evil-Smiley-Face says the expected long break was goooooooood
every Saint has a past. Every Sinner has a Future
- #21,019
- Aug 9, 2017 5:31pm Aug 9, 2017 5:31pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Dead Zone charts across the pairs for the day...
EURJPY
USDCAD
AUDUSD
USDNOK
GBPNZD
EURJPY
USDCAD
AUDUSD
USDNOK
GBPNZD
- #21,020
- Aug 9, 2017 5:33pm Aug 9, 2017 5:33pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
AUDNZD
GBPUSD
CADJPY
NZDUSD
NZDJPY
GBPUSD
CADJPY
NZDUSD
NZDJPY