Billytt Die happy trading e/j daily breakout | Page 1089 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #21,761
  • Sep 6, 2017 2:49am Sep 6, 2017 2:49am
Morning all.

The Monster was back to the trickster we know and love this morning, having me go in on a long WZ move which almost immediately reversed. This was countered and locked me in on -3%. No real drama - just a case of sit and wait.

Didn't have long sitting on my thumbs, as price made up its mind and headed off on a long walk North. Bagged +9% and I was out and happy.

DAX 06:00 - 08:00 +6%
Attached Image


Some detail on that move...
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5asDAX-Spike07.55Sept6th-DONE-at08.21uk.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5asDAX-Spike07.55Sept6th-DONE-at08.21ukCU.png Size: 42 KB


Still truckin'...
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  • #21,762
  • Sep 6, 2017 2:52am Sep 6, 2017 2:52am
AU has faked short. It's now sitting back inside. Running WZ had your +5%.

GU also faked short and turned back. It too gave you the +5% if you ran WZ on it.

The F40 mirrored The Monster as always.
  • #21,763
  • Sep 6, 2017 2:56am Sep 6, 2017 2:56am
Looking at the 08:00 bar, it had a big range and price has been running back inside the body. Easily bagged using WZ-Tech - you could have even added extra on a retrace trade.

I had no time to look at this live.
  • #21,764
  • Sep 6, 2017 2:56am Sep 6, 2017 2:56am
Quoting lemercenaire
{quote} I'm no guru on it. I use a solid indi that does all the legwork. I can see the zones manually but why do the work if you don't have to, lol. I think I have said somewhere before, that Hanover coded a variant with more bells-and-whistles that I have but never use. The one I post here does all I need it to. It's just a tool, like all things. I use it in conjunction with overall PA but I do find it very useful for fine-tuning entries that come outside of the usual 'trade-a-line' approach. You'll see this today on my DZ pick, where although...
Is this the same IlSupDem indi ? I have that one but it seems buggy things on the chart change when refreshed
  • #21,765
  • Sep 6, 2017 2:58am Sep 6, 2017 2:58am
Back for The Dead Zone - play nice, all.
  • #21,766
  • Sep 6, 2017 3:00am Sep 6, 2017 3:00am
Quoting Piphunter00
{quote} Is this the same IlSupDem indi ? I have that one but it seems buggy things on the chart change when refreshed
No. It's called shved_supply_and_demand.
  • #21,767
  • Sep 6, 2017 6:54am Sep 6, 2017 6:54am
Well, this is annoying. Can't get to my screens for an hour or two, so no Dead Zone for me, today. Arghhh!
  • #21,768
  • Sep 6, 2017 1:54pm Sep 6, 2017 1:54pm
Hi, Cable this morning after 08-00 the 04-00 low triggered and then reversed.
Me being me saw the retrace and went short for a few yaaaaaay. I honestly thought Cable was on way down south but it then broke the 08-00 m15 min bar which i longed. I felt odd going long but a trial is a trial so i got a few %%%%.
So far so good...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,769
  • Sep 6, 2017 3:57pm Sep 6, 2017 3:57pm
Quoting billytt
Hi, Cable this morning after 08-00 the 04-00 low triggered and then reversed. Me being me saw the retrace and went short for a few yaaaaaay. I honestly thought Cable was on way down south but it then broke the 08-00 m15 min bar which i longed. I felt odd going long but a trial is a trial so i got a few %%%%. So far so good...
I for sure had it looking well undecided this morning - though by the B*A*D it was set for a short bias. Looking at the chart below, you can see that price had pushed through that zone and sat on top, so that long should perhaps not have been such a surprise.

So does it now bounce in that channel for a while? Guess we'll have to wait and see, lol. Claudia? Claudia? Wherefore art thou, Claudia?

Attached Image (click to enlarge)
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  • #21,770
  • Sep 6, 2017 4:12pm Sep 6, 2017 4:12pm
[quote=lemercenaire;10265775]{quote} I for sure had it looking well undecided this morning - though by the B*A*D it was set for a short bias. Looking at the chart below, you can see that price had pushed through that zon

i do not normally think which way a pair moves nor care. But i am so used to Cable going down that it seems wrong to long lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,771
  • Sep 6, 2017 4:15pm Sep 6, 2017 4:15pm
Lost the whole afternoon today, so it's been interesting to see what's been going on. Bank of Canada, eh? Lol.

As it turns out, it seems like UC would have been a strong contender for The watch-List as well...what a bunch of bar-stewards ...

So, as well as UC - short (aye!), we'd have had GU - long (yep, that too, ha ha), GOLD - short and US500 - long, with UNok - long, AN - long, CJ - long and OIL - long as second-level interest.

Anyway, here ya' go...

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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GBPNZD
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  • #21,772
  • Sep 6, 2017 4:16pm Sep 6, 2017 4:16pm
Cable, on the Daily. It looks like we may have a doji (i think) not sure of candle types... this should be a clue.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,773
  • Sep 6, 2017 4:16pm Sep 6, 2017 4:16pm
AUDNZD
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GBPUSD
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CADJPY
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NZDUSD
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NZDJPY
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  • #21,774
  • Sep 6, 2017 4:18pm Sep 6, 2017 4:18pm
XAUUSD
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USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1DeadZone6thSept17-NOT-TRADED-at21.31uk.png Size: 34 KB


GBPJPY
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GER30
Attached Image (click to enlarge)
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OILUSD
Attached Image (click to enlarge)
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  • #21,775
  • Sep 6, 2017 4:19pm Sep 6, 2017 4:19pm
Alien being...

US500
Attached Image (click to enlarge)
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  • #21,776
  • Sep 6, 2017 4:35pm Sep 6, 2017 4:35pm
Quoting billytt
Cable, on the Daily. It looks like we may have a doji (i think) not sure of candle types... this should be a clue.
Yep - but a doji can be a continuation sign as well as a reversal, depending on its surroundings.

On H1, it seems a move up is still on...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH16thSept17Info4Billyat21.53uk.png Size: 68 KB


Interesting (very) mixed signs on the upper time-frames.

On the H4, it would back up the idea of continuation...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4dittoinfoforBilly6thSept17.png Size: 45 KB


On the Daily, you can see there's room either way...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDailyasinfoforBilly6thSept17.png Size: 51 KB


While on the Weekly, adding two fibs add another layer of possibles and maybes...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeeklyasBillyInfo6thSept17cw2fib.png Size: 45 KB


Finally, all the way up on the Monthly, the spanner in the works shows that the pressure is downward...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthlyasBillyInfo6thSept17.png Size: 53 KB


What happens next? It's all about the time-frame, folks. Have fun
  • #21,777
  • Sep 6, 2017 4:43pm Sep 6, 2017 4:43pm
The B*A*D Trade was also horse-for-courses today and would have picked up the +5% either as a WZ move back inside or on a vanilla break outside, all on the first trigger-candle.

After that, it was all short out of the upper WZ.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPUSDH1asBAD-Trade6thSept17Gets+5UpOrDown-Update-At20.19ukCROP_LI.jpg Size: 591 KB
  • #21,778
  • Sep 6, 2017 4:53pm Sep 6, 2017 4:53pm
[quote=lemercenaire;10265866]{quote} Yep - but a doji can be a continuation sign as well as a reversal, depending on its surroundings. On H1, it seems a move up is still on... {image} In

yes indeed, i was just saying for the lurkers.
In my opinion not worth a carrot, as like you say it could be a reversal or could be a continuation.
same with a pivot, it might break or it might rebound..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,779
  • Sep 6, 2017 8:25pm Sep 6, 2017 8:25pm
[quote=billytt;10265901]
Quoting lemercenaire
{quote} Yep - but a doji can be a continuation sign as well as a reversal, depending on its surroundings. On H1, it seems a move up is still on... {image} In yes indeed, i was just saying for the lurkers. In my opinion not worth a carrot, as like you say it could be a reversal or could be a continuation. same with a pivot, it might break or it might rebound..
Attached Image
  • #21,780
  • Sep 7, 2017 3:06am Sep 7, 2017 3:06am
Good morning all. Hope everyone's doing ok.

Over with The Monster, things went soooooooopaaahhh!!! this morning.

The directional bias wasn't overly strong but on balance, it was looking like a short was the side to be on...and so it proved. +5% and done-and-dusted.

DAX 06:00 - 08:00 (Done WZ short into the body). +5%
Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX-Monster7thSept17-DONE-at08.26ukCROP_LI.jpg Size: 582 KB


Detail on that...
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30CashM5as07.55Spike7thSept17-DONE-at08.16uk.png Size: 42 KB


Attached Image (click to enlarge)
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