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Billytt Die happy trading e/j daily breakout

  • #22,461
  • Oct 27, 2017 5:41am Oct 27, 2017 5:41am
Quoting wannalearn12
{quote} Thoughts on today- was rather sloppy - but I got the job done. Note is bullocmy spreadks for GU as I am in the USA with a small account.
More to do with the fact that you are trading before your market is open.
  • #22,462
  • Oct 27, 2017 5:43am Oct 27, 2017 5:43am
Quoting lemercenaire
{quote} A yellow something?!
well I couldn't quite get a circle on it.. it's like an ellipse cylinder
  • #22,463
  • Oct 27, 2017 5:50am Oct 27, 2017 5:50am
Quoting firewight
Watching the AU H4 break, but dont have a a lot of confidence in what I'm seeing, so I will watch only today, even though I am still demoing it... The range after that large candle is quite small between 10-15 pips... Also we are below yesterdays low, so I am unsure if longs are smart... I'm sure STATS would give me more confidence lol! {image}
On the weekly chart, you've hit a significant level, hence the hesitation.

I am looking at a long-bias across all time-frames but I agree, that can go wrong when price is pushing the extremes. In these cases, it's more like ''hey, dude, it'll go long...eventually...'' before it shrugs its shoulders in an overly dramatic French way and slopes off for a Gauloise.

It looks like you'd have got the job done using WZ-Tech (and in-and-out as quick as you could) but done vanilla, it's just hanging about inside the range.

Good call to step back on that one, methinks.
  • #22,464
  • Oct 27, 2017 5:52am Oct 27, 2017 5:52am
Quoting wannalearn12
{quote} I was saying "could it GET any TIGHTER??!!" sarcasm is hard to pick up on the interwebs! -I like the look of that chart .
Claudia would have it bracketed nice and tight for 13:30 moves.

EDIT: If it were GU of course, not that scabby AU nonsense...
  • #22,465
  • Oct 27, 2017 5:56am Oct 27, 2017 5:56am
Quoting firewight
Heya guys, just wanted to share my STATS collecting progress for the H4 AU 04.00 method, and see if anyone has any suggestion before I continue, as its a time consuming process as you already know, and I dont want to have to re-do it all again because I didnt think of something! I have collected the following information: Date: Date M, T, W, TH, F: The day of the week (unsure of the statistical value). H4 Range: The range of the 4 hourly candles prior to the London Open. Pre Range: The Current Daily Range up to the London Open (unsure of the statistical...
Billy's the one who is more likely to give you some serious input on these. You'll have made his wee eyes light up with glee at the sight of all those crunched numbers, lol. Probably make his day!
  • #22,466
  • Oct 27, 2017 5:58am Oct 27, 2017 5:58am
Quoting wannalearn12
{quote} well I couldn't quite get a circle on it.. it's like an ellipse cylinder
Ah...you haven't been travelling across intergalactic space recently have you, so you missed the joke.

MO loves his 'somethings'...
  • #22,467
  • Oct 27, 2017 6:01am Oct 27, 2017 6:01am
Well, I have been over playing in TS's 1-2-3 yard and it is almost the dreaded Friday Afternoon...I got to the afternoon, for Pete's sake! What is wrong with me!!!???

Soooooo, I'm done.

Trade well, all who continue on. I will pop in later to catch up on the goss.

Cheers for now.

Attached Image
  • #22,468
  • Oct 27, 2017 6:06am Oct 27, 2017 6:06am
Quoting lemercenaire
{quote} More to do with the fact that you are trading before your market is open.
oh :o well I never really do trade US.. mainly because I fall asleep
  • #22,469
  • Oct 27, 2017 6:15am Oct 27, 2017 6:15am
Quoting lemercenaire
It looks like you'd have got the job done using WZ-Tech.
I need some secret sauce on this plz
Life is like a snickers, its full of nuts!
  • #22,470
  • Oct 27, 2017 7:02am Oct 27, 2017 7:02am
Quoting lemercenaire
{quote} Claudia would have it bracketed nice and tight for 13:30 moves. EDIT: If it were GU of course, not that scabby AU nonsense...
That's the way I'm working at the moment. E/J worth watching.

Last Friday in the month and BoE and NFP (it rhymes !) next week fun ahead.
  • #22,471
  • Oct 27, 2017 7:17am Oct 27, 2017 7:17am
Quoting sheppy
{quote} Thanks my friend
Let me know how you get on. Great work from David as always. Got the source code.
  • #22,472
  • Oct 27, 2017 9:24am Oct 27, 2017 9:24am
Quoting claudia1
{quote} That's the way I'm working at the moment. E/J worth watching. Last Friday in the month and BoE and NFP (it rhymes !) next week fun ahead.
Played out nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY(£)H1.png Size: 82 KB
  • #22,473
  • Oct 27, 2017 3:49pm Oct 27, 2017 3:49pm
Quoting firewight
{quote} I need some secret sauce on this plz
Plan is to get back to those who are waiting on the recipe to the secret sauce(s) over the weekend
  • #22,474
  • Oct 27, 2017 3:53pm Oct 27, 2017 3:53pm
Have a good weekend all - catch you on the other side.
  • #22,475
  • Oct 27, 2017 4:32pm Oct 27, 2017 4:32pm
One thing before I go - didn't trade it but for the record, here's how today's B*A*D-Trade would have gone, both WZ and Vanilla entries marked (no directional bias recorded).

Not too shabby...

B*A*D-Trade (GBPUSD 15:00-16:00 uk)
Attached Image


Anyway - definitely gone now. See ya'll.
  • #22,476
  • Oct 27, 2017 8:54pm Oct 27, 2017 8:54pm
Quoting claudia1
{quote} Played out nicely. {image}
very nice price action. curious on your thoughts regarding news clues.. are the clues in the news results - or is it normal price action watching ect ect?
  • #22,477
  • Oct 27, 2017 10:04pm Oct 27, 2017 10:04pm
Quoting wannalearn12
{quote} very nice price action. curious on your thoughts regarding news clues.. are the clues in the news results - or is it normal price action watching ect ect?
I too would love to learn more about the "clues" in the news results.
  • #22,478
  • Edited 7:05am Oct 28, 2017 6:32am | Edited 7:05am
Quoting wannalearn12
{quote} very nice price action. curious on your thoughts regarding news clues.. are the clues in the news results - or is it normal price action watching ect ect?
Many ways to trade the news - I'll give you an insight into what I do.

The pairs I'm watching at the moment are g/u, e/g, e/j, u/c.

Only trading high impact (red) during London open hours relating to GBP, EUR, USD, CAD.

Plenty opportunities there. Usually 9.30, 13.30, 15.00 in BST - (watch out the clocks change this weekend in the UK so NY be an hour earlier).

News results are no interest to me as by the time FF get the stats the move has happened - Bloomberg subscribers will have the info minutes beforehand.

Watch the price in the 15 minutes or so running up to the news release. Many times it will be pushed in the opposite direction. Take orders either side of the current price and move them as the price moves into the release. Keep orders 10 to 15 away from the price to reduce risk of both opening.

Safer way of trading news is take the price say five minutes before the release and put an order in direction of the general trend. Hard stop and t/p with risk/reward say 1:3 or above.

Nothing new here but with a bit of thought you only need to work 30 minutes a day (theoretically !).

So, basically watching price action in the 15 minutes or so before release and looking to pick up at least one big move a week. That's all you need.

Billy, Lem ?

Edit: @Wanna - hey how did the exam go ?
  • #22,479
  • Oct 28, 2017 9:55am Oct 28, 2017 9:55am
[quote=claudia1;10437489]{quote} Many ways to trade the news - I'll give you an insight into what I do. The pairs I'm watching at the moment are g/u, e/g, e/j, u/c. Only trading high impact (red) during London open hours relating to GBP, EUR, USD, CAD. Plenty opportunities the

excellent information Claudia,
Take note everyone.
i think news trading has a lot of merit as long as you are aware of it.
Same as hitting the retrace off the NFP.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,480
  • Oct 28, 2017 9:57am Oct 28, 2017 9:57am
Trade Cable Fri, i smashed the 08-00 15 bar and took no prisoners, that was after hitting the 04-00 bar.
The 04-00 bar had too many good stats to be left alone lol.
Have a good weekend all and dont forget the UK clocks going back,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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