Billytt Die happy trading e/j daily breakout | Page 1125 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #22,481
  • Oct 28, 2017 8:12pm Oct 28, 2017 8:12pm
Quoting claudia1
{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 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...
Absolutely classic stuff. There is a lot of scaremongering around news trading but the only real issue you'll find is both directions being triggered and you have that covered.
  • #22,482
  • Oct 28, 2017 10:18pm Oct 28, 2017 10:18pm
Quoting claudia1
{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 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...
What an answer!! that speaks to me thanks a bunch - take that oil news from Wednesday for ucad - having an entry 15 pips either side of the range would have negated the sell order and then had you up +85 pips in 4 seconds - and just paying attention I am sure manual entry could be used as well. Let's just say I passed - but I didn't get the A... lol!
  • #22,483
  • Oct 29, 2017 3:06am Oct 29, 2017 3:06am
Quoting lemercenaire
{quote} Absolutely classic stuff. There is a lot of scaremongering around news trading but the only real issue you'll find is both directions being triggered and you have that covered.
If you keep an eye on the brokers spread it is good.
I have seen instances were the spread kills you even if you pick the right direction
Same with margin. It is ok if you have a big bank as you can still trade regardless but for the minnows you have been stopped from compounding properly.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,484
  • Oct 29, 2017 6:29am Oct 29, 2017 6:29am
Quoting billytt
{quote} If you keep an eye on the brokers spread it is good. I have seen instances were the spread kills you even if you pick the right direction Same with margin. It is ok if you have a big bank as you can still trade regardless but for the minnows you have been stopped from compounding properly.
Very good points and hence I try and keep 10 to 15 away from price at news release. Still get caught from time to time.
  • #22,485
  • Edited 11:48pm Oct 29, 2017 9:08pm | Edited 11:48pm
Hope we get some nice consolidation on GU going into london - bouncing off weekly trend line now - so good for a break either way - not much resistance until 1.3200.. let's see what happens. sleep until then. cheers. oh and the DXY is looking might pretty.. hmm hmm hmm!
  • #22,486
  • Oct 30, 2017 2:33am Oct 30, 2017 2:33am
Good morning all. Blood red sky here this morning. Not quite as deadly as blood in the water but much more impressive!

Anyway...the DAX was all wrong for me this morning. I had a long bias but the Monster was making every effort not to go that way, hanging around inside the body. I left it alone.

DAX 06:00 - 07:00
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  • #22,487
  • Oct 30, 2017 2:37am Oct 30, 2017 2:37am
Quoting lemercenaire
Good morning all. Blood red sky here this morning. Not quite as deadly as blood in the water but much more impressive! Anyway...the DAX was all wrong for me this morning. I had a long bias but the Monster was making every effort not to go that way, hanging around inside the body. I left it alone. DAX 06:00 - 07:00 {image}
I took a short on GU and was +6 or so pips.. now sitting at BE .. going to wait for hour to close and exit
  • #22,488
  • Oct 30, 2017 2:45am Oct 30, 2017 2:45am
It could be one of those days

Attached Image (click to enlarge)
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If I had waited and gone in on the long break - which I didn't - it looks like it would not have been quite enough to bag the full +5%. The bigger pre-Open spread would have eaten a percent away.
  • #22,489
  • Oct 30, 2017 2:51am Oct 30, 2017 2:51am
Quoting lemercenaire
It could be one of those days {image} If I had waited and gone in on the long break - which I didn't - it looks like it would not have been quite enough to bag the full +5%. The bigger pre-Open spread would have eaten a percent away.
the DREADED.... dun dun dun !!! MONDAY - all is well I only have .25% risk on the line.
  • #22,490
  • Edited 3:09am Oct 30, 2017 2:56am | Edited 3:09am
Morning all,
I will be trading off the 08-00 15 bar..
daily says high and 4 hour bar says low lol...
Lets just snatch the 5%...

edit, i spoke too soon with the 4 hour bar, lol.
By the time the 04-00 bar closed it was an out side bar, the High broke and up it went, Easy Trade but i did not touch it.
Stick to one method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,491
  • Oct 30, 2017 3:06am Oct 30, 2017 3:06am
Beautiful price action on GU!! So simple!! 1h chart
  • #22,492
  • Oct 30, 2017 3:08am Oct 30, 2017 3:08am
I took a leaf out of Lems book and tried a DAX WZ short based on the pull back from the res above

Not 100% if it was correct to the WZ tech, but it worked (demo of course)...

Attached Image (click to enlarge)
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Life is like a snickers, its full of nuts!
  • #22,493
  • Oct 30, 2017 3:08am Oct 30, 2017 3:08am
Quoting wannalearn12
Beautiful price action on GU!! So simple!! 1h chart
I am a happy camper !!!
  • #22,494
  • Oct 30, 2017 3:20am Oct 30, 2017 3:20am
Not my morning. The range of the double-candle-block was big, which wasn't making me any happier about the set-up.

I did get the long I was waiting on - but it came after a head-fake and genuinely at the speed of light. I missed the entry completely. Hey ho, there ya' go...

DAX 06:00 - 08:00
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Mr Angry Happy Face...he just sad...
  • #22,495
  • Oct 30, 2017 3:20am Oct 30, 2017 3:20am
t 08-17.
i have decided not to Long Cable if the High is broken. Range is 29 and it is Monday. Will short though if /when it happens.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #22,496
  • Oct 30, 2017 3:23am Oct 30, 2017 3:23am
Quoting lemercenaire
Not my morning. The range of the double-candle-block was big, which wasn't making me any happier about the set-up. I did get the long I was waiting on - but it came after a head-fake and genuinely at the speed of light. I missed the entry completely. Hey ho, there ya' go... DAX 06:00 - 08:00 2539043
LOL it was fast wasnt it!

I missed the long entry which is why I tried your WZ into the body instead...
Life is like a snickers, its full of nuts!
  • #22,497
  • Oct 30, 2017 3:26am Oct 30, 2017 3:26am
Quoting billytt
t 08-17. i have decided not to Long Cable if the High is broken. Range is 29 and it is Monday. Will short though if /when it happens.
cable is at dr1... I am holding short still ( small risk )
  • #22,498
  • Oct 30, 2017 3:31am Oct 30, 2017 3:31am
Quoting firewight
I took a leaf out of Lems book and tried a DAX WZ short based on the pull back from the res above Not 100% if it was correct to the WZ tech, but it worked (demo of course)... {image}
Great stuff. Damn, I need to get my S+D stuff back on the charts, lol.

You got it spot on. The only thing to bear in mind is that if you are going against the Schaff, then the move is more likely to be short-lived. In this situation, I'll drop to the m5 and the m1 for really precise entries off the micro-S+D Zones as well as the confirmation of direction that that gives.

Also...the other thing to remember - you don't need any of the additional stuff to run WZ. See Line...Trade Line.

Well done again, though.
  • #22,499
  • Oct 30, 2017 3:33am Oct 30, 2017 3:33am
Quoting lemercenaire
{quote} Great stuff. Damn, I need to get my S+D stuff back on the charts, lol. You got it spot on. The only thing to bear in mind is that if you are going against the Schaff, then the move is more likely to be short-lived. In this situation, I'll drop to the m5 and the m1 for really precise entries off the micro-S+D Zones as well as the confirmation of direction that that gives. Also...the other thing to remember - you don't need any of the additional stuff to run WZ. See Line...Trade Line. Well done again, though.
Yeah I did notice the schaff was in the wrong direction... When price started moving super fast the blood rushed to my head and all I saw the sell button!
Life is like a snickers, its full of nuts!
  • #22,500
  • Oct 30, 2017 3:36am Oct 30, 2017 3:36am
Quoting firewight
{quote} LOL it was fast wasnt it! I missed the long entry which is why I tried your WZ into the body instead...
Yeah, that's what I would normally have done, using the S+D for the entries. It's also how I would run any recovery in a counter-situation. Going in on the immediate rebound from an extreme (technically early) is cool by me if backed by a micro S+D Zone by the way. Make use of the retrace-trade. Those extra percents you bank ''early'' can give you enough of a cushion to close early on the actual entry if you feel it's not going to go the full distance.
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