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Billytt Die happy trading e/j daily breakout

  • #22,301
  • Oct 18, 2017 3:41am Oct 18, 2017 3:41am
Quoting mrcreosote
Oh man I'm getting murdered again, took a short just before it reversed {image}
those girls were certainly being buffeted about. i reckon that skipper took the boat into the waves yaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,302
  • Oct 18, 2017 3:48am Oct 18, 2017 3:48am
Quoting mrcreosote
Oh man I'm getting murdered again, took a short just before it reversed {image}
That looks like how the DAX moves pretty much every day, lol.
  • #22,303
  • Oct 18, 2017 4:03am Oct 18, 2017 4:03am
t 10-02 The Low triggered and it went to plan. I am now done. 5% x 2 =10. yaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,304
  • Oct 18, 2017 4:04am Oct 18, 2017 4:04am
Quoting lemercenaire
{quote} That looks like how the DAX moves pretty much every day, lol.
Dax is a bit at times lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,305
  • Oct 18, 2017 1:18pm Oct 18, 2017 1:18pm
The charts Lem for CAD Dead Zone and the 15 minute "Billy" Cable 8 am bar:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable15min1903.jpg Size: 586 KB
Click to Enlarge Name: CAD1912.jpg Size: 574 KB
Attached Image
every Saint has a past. Every Sinner has a Future
  • #22,306
  • Oct 18, 2017 1:43pm Oct 18, 2017 1:43pm
Quoting turnip15
The charts Lem for CAD Dead Zone and the 15 minute "Billy" Cable 8 am bar: {image} {image} {image}
UC DZ rocks again. Did you run it as a break or as WZ? Either way, it's all good.
  • #22,307
  • Edited 2:34am Oct 19, 2017 1:48am | Edited 2:34am
Set-Up for the DAX v1 06:00 - 07:00 but really didn't like the look of it...too much wick, not enough body. If there is any one look that causes hassles with this thing, especially the early variant with its larger spread, it's the doji-style one. Stayed out.

DAX 06:00 -07:00 - Not Traded
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster06.00-07.00on19thOct17-notinterestedtho.jpg Size: 35 KB
  • #22,308
  • Oct 19, 2017 2:29am Oct 19, 2017 2:29am
Folks I'm dying here, dunno whether to laugh or cry
OK so went short GU at 1.3189 on breakout of the 15 min bar, the b@stard IMMEDIATELY REVERSED YET AGAIN!
Got a stop loss at 5 pips and that's it, closed out
OK maybe the stop is too tight but I absolutely hate being on the wrong side of a trade.....rather close than risk losing even more
Have a good day y'all, need to ponder
used to be undecided but nowadays can't make my mind up
  • #22,309
  • Oct 19, 2017 2:33am Oct 19, 2017 2:33am
Second batter up...

Took a little bit of work though. Small head-fake up into the body (I was expecting this long move) was followed by a drop back out and I was in a counter-trade situation.

Unusual signs of indecision from The Monster meant that I had to spend time adding-in and working the trade but it all worked out ok, with me eventually closing it all out for just under +5%. It's all good...

DAX 06:00 - 08:00 (Done WZ North into the body of the candle...eventually). +5%
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster06.00-08.00on19thOct17CROP.jpg Size: 35 KB
  • #22,310
  • Oct 19, 2017 2:42am Oct 19, 2017 2:42am
GU H4 ran clean on both a straight vanilla break of the low as well as out of the Upper Wick-Zone.

AU hasn't been so straightforward, with no Billy-Break so far but it looks like the +5 would have been bagged on a WZ move short from the Upper Zone.
  • #22,311
  • Oct 19, 2017 2:47am Oct 19, 2017 2:47am
Quoting lemercenaire
GU H4 ran clean on both a straight vanilla break of the low as well as out of the Upper Wick-Zone. AU hasn't been so straightforward, with no Billy-Break so far but it looks like the +5 would have been bagged on a WZ move short from the Upper Zone.
AU had a great reversal off Tuesday's high....think I'll go back to trying to trade reversals lol
used to be undecided but nowadays can't make my mind up
  • #22,312
  • Oct 19, 2017 3:04am Oct 19, 2017 3:04am
Quoting mrcreosote
Folks I'm dying here, dunno whether to laugh or cry OK so went short GU at 1.3189 on breakout of the 15 min bar, the b@stard IMMEDIATELY REVERSED YET AGAIN! Got a stop loss at 5 pips and that's it, closed out OK maybe the stop is too tight but I absolutely hate being on the wrong side of a trade.....rather close than risk losing even more Have a good day y'all, need to ponder
Tough one, Buddy.

Looking at it (always soooooooo easy to see it all in hindsight), even though it would have looked initially like a short was on going by the higher time-frames, down on the m15, I'd have been cautious of the PA on the 08:00 bar...that's one big wick down there! If anything, I'd have been tempted to scalp the retrace.

Of course, I am also using the Schaff indi and it was pointing to a long bias as well. That adds a good bit of weight to the decision-making process for me now.

As an aside, though I don't trade it often, if I do, I prefer to trade the previous bar, as it seems to show a smaller set-up bar and moves away from it cleaner.

Just my tuppence-worth. Billy will set you straight and after all is said and done...sh*t happens.
  • #22,313
  • Oct 19, 2017 3:06am Oct 19, 2017 3:06am
Quoting mrcreosote
{quote} AU had a great reversal off Tuesday's high....think I'll go back to trying to trade reversals lol
AU on the H1 is a classic TooSlow 1-2-3. Wish I'd seen it, lol.
  • #22,314
  • Oct 19, 2017 3:12am Oct 19, 2017 3:12am
There's some risk off in the market, look at drops in UJ and DAX......
Be interesting to see if they come back
@Lem thanks for feedback, will study.....like you say sh*t happens, like it did in 2008 and the markets have been in 'fooked up mode'/'Central Banks control everything' ever since
used to be undecided but nowadays can't make my mind up
  • #22,315
  • Oct 19, 2017 3:22am Oct 19, 2017 3:22am
Helmets on boys n girls!
Attached Image
used to be undecided but nowadays can't make my mind up
  • #22,316
  • Oct 19, 2017 3:41am Oct 19, 2017 3:41am
Quoting mrcreosote
There's some risk off in the market, look at drops in UJ and DAX...... Be interesting to see if they come back @Lem thanks for feedback, will study.....like you say sh*t happens, like it did in 2008 and the markets have been in 'fooked up mode'/'Central Banks control everything' ever since
Certainly something going on. Just picked up a hefty short on my Diff account (Wall St 30 / GER 30 Future Diff (Dec)).

Wall St 30 / GER 30 Future Diff (Dec)


A cross-post but hopefully ok in this case.
Attached Image (click to enlarge)
Click to Enlarge Name: WallSt30-Ger30Diffas1-2-3Oct19th17CROP.jpg Size: 36 KB
  • #22,317
  • Oct 19, 2017 5:57am Oct 19, 2017 5:57am
Probably regret this but that chart has double/triple tops - add in NZ news ........I'm selling. For the very brave only. High spreads getting quoted around 5.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD(£)Daily.png Size: 84 KB
  • #22,318
  • Oct 19, 2017 6:23am Oct 19, 2017 6:23am
@Claudia, good luck!
used to be undecided but nowadays can't make my mind up
  • #22,319
  • Oct 19, 2017 6:28am Oct 19, 2017 6:28am
Quoting mrcreosote
@Claudia, good luck!
Thanks looks like going to need it !
  • #22,320
  • Oct 19, 2017 12:09pm Oct 19, 2017 12:09pm
Different.
Attached Image (click to enlarge)
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