Attachments: Billytt Die happy trading e/j daily breakout

Billytt Die happy trading e/j daily breakout

#21,941
Sep 20, 2017 6:37am Sep 20, 2017 6:37am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

In case you're wondering, the sound of manic laughter is not coming from the latest American Horror Story episode but from my office, which at times there had the potential to turn into my very own haunted house of horrors.

In my wisdom...yeah, right...I decided it might be fun to do some DAX-riding, the red news would add some spice, eh. Did...not...start...well...

Have you seen the chart for this morning as it stands now (12.15 or so, uk time)?

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As a line...

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(Can you hear the manic laughter now? Makes sense, right

)

However...and it's a big however, in the end, 6 trades. 5 win, 1 loss.
4 Short, 2 Long. The loss came on the original Short.

So in that sense, I am not complaining but boy - that was some fight.

Here's some detail on the battlefield...

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Now, something to look at here, are the two grey zones. Those are the Daily Wick Zones. Interesting, eh?

Right, tbh that's all kind of wiped me out. I may not get on to the DZ today. I'll keep an eye on the charts but I won't post a Watch-List, as I may not play anything myself.

Time for a brew.

#21,942
Sep 20, 2017 6:45am Sep 20, 2017 6:45am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Oh - and did you notice that the gap I had earlier had mysteriously vanished from that chart later in the day after a refresh? Brokers, eh?

#21,943
Sep 20, 2017 10:41am Sep 20, 2017 10:41am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

As expected, I stayed away form The Dead Zone - went to Costco instead...same difference

Got back in nice time to jump on board The D*A*D-Trade and bish-bash-bosh, WZ-Tech does the deed, no effort at all. +5%

B*A*D-Trade (Done WZ move South into the body). +5%

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#21,944
Sep 20, 2017 10:43am Sep 20, 2017 10:43am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

That S&P is still floating around up there, Claudia.. The tension...the tension!

Back to post up the DZ charts later.

Hope everyone had a good day.

#21,945
Sep 20, 2017 10:50am Sep 20, 2017 10:50am

claudia1
Joined Apr 2013 | Status: Trader | 10,297 Posts

Quoting lemercenaire

Disliked

That S&P is still floating around up there, Claudia.. The tension...the tension! Back to post up the DZ charts later. Hope everyone had a good day.

Ignored

Hey Lem - one day that has to go back to red line. Doesn't seem too keen right now !

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Hidden for breach of Trader Code of Conduct

FOURX

#21,947
Sep 20, 2017 5:54pm Sep 20, 2017 5:54pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting claudia1

Disliked

{quote} Hey Lem - one day that has to go back to red line. Doesn't seem too keen right now !

Ignored

It did give one TooSlow 1-2-3 set-up off of a large spike down out of that level. A reaction to moves / news elsewhere and so didn't stick (yet).

#21,948
Sep 20, 2017 5:57pm Sep 20, 2017 5:57pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Dead Zone Charts for the day. As noted earlier, not traded by me today, so just for general info. GOLD looks to have been the star-turn on the day - phew!

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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#21,949
Sep 20, 2017 5:59pm Sep 20, 2017 5:59pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

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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#21,950
Sep 20, 2017 6:01pm Sep 20, 2017 6:01pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

XAUUSD

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USDJPY

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GBPJPY

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GER30

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OILUSD

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#21,951
Sep 20, 2017 7:01pm Sep 20, 2017 7:01pm

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

Hi all, i haven't been around much... But trading, Wed i got hit pretty hard on Cable, the funny thing is i did not trade off the breaks as normal,,
my alarm system failed and i had a trigger which i know i didn't set lol, yeah right..i have to blame someone/thing else. Anyway i will get it back

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#21,952
Sep 20, 2017 7:02pm Sep 20, 2017 7:02pm

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

I see the queen is back? hope you are fine m'lady.

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#21,953
Sep 20, 2017 7:03pm Sep 20, 2017 7:03pm

billytt
Joined Feb 2009 | Status: Trader | 25,867 Posts

My girl was asking what to do with her money so i been helping her to look at houses to buy....and thats that...

SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.

#21,954
Sep 21, 2017 2:33am Sep 21, 2017 2:33am

Piphunter00
| Joined Nov 2016 | Status: Trader | 631 Posts

Quoting billytt

Disliked

Hi all, i haven't been around much... But trading, Wed i got hit pretty hard on Cable, the funny thing is i did not trade off the breaks as normal,, my alarm system failed and i had a trigger which i know i didn't set lol, yeah right..i have to blame someone/thing else. Anyway i will get it back

Ignored

did you not continue hitting the 8am bill? triple dip worked out in the end didnt it? or was it this extra trigger that screwed it?

#21,955
Sep 21, 2017 2:37am Sep 21, 2017 2:37am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting billytt

Disliked

Hi all, i haven't been around much... But trading, Wed i got hit pretty hard on Cable, the funny thing is i did not trade off the breaks as normal,, my alarm system failed and i had a trigger which i know i didn't set lol, yeah right..i have to blame someone/thing else. Anyway i will get it back

Ignored

Hi Billy. Sorry you took a hit but also interesting to hear why.

Many people have asked why I fill the day with overlapping methods and when I am honest with myself, it actually mirrors your comment - if I don't have structure, I know I will end up playing with the markets, running trades outside of the stable. Sometimes I get away with it, often I don't. Then end up using- guess what - one of my methods, to get it back.

Maybe it's true about idle hands and all that.

#21,956
Sep 21, 2017 2:48am Sep 21, 2017 2:48am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Anyway - back to today.

Took the early route again with The DAX this morning. Smooth as silk. Immediately into a break short and +5% with jam on top. Lovely.

DAX (06:00 - 07:00) Break South. +5%

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#21,957
Edited 3:03am Sep 21, 2017 2:52am | Edited 3:03am

Piphunter00
| Joined Nov 2016 | Status: Trader | 631 Posts

Quoting lemercenaire

Disliked

Anyway - back to today. Took the early route again with The DAX this morning. Smooth as silk. Immediately into a break short and +5% with jam on top. Lovely. DAX (06:00 - 07:00) Break South. +5% {image}

Ignored

good for you lem. im waiting to hit the 4am on cable but its farting around

daily range is at 20% fill. needs to move somewhere

edit:

yawwwwwwwwwwwwwn

#21,958
Sep 21, 2017 3:43am Sep 21, 2017 3:43am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

After those moves, it left a few questions. Would it continue? Take a return trip? Or would it be The DAX and do both in the blink of an eye and then run away laughing?

Yep...you got it.

As it turned out, as I didn't have any additional directional bias info, I didn't trade this second dip today. I did watch it and as I said above, it played around for a bit before spilling the goods.

There was a lightning fast move North as a WZ move back into the body which came up short of the +5 needed. That then reversed into a break South (and the counter move would have been in there somewhere) and this went the distance. Whether you'd have bagged and closed out now would depend on how you managed your counter and second trigger set up - there wasn't a huge Lower WZ, so you'd have had to jury-rig this.

From there, price once again turned and headed back North, this time for a much more sustained move. It then finally made up its mind - or got fed up playing with us more like - and turned again, once more dropping South into more pipalicious territory.

The DAX being The DAX...

DAX 06:00 - 08:00

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