Billytt Die happy trading e/j daily breakout | Page 1179 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #23,561
  • Dec 13, 2017 10:22am Dec 13, 2017 10:22am
Quoting claudia1
It had to go Lem. Was expecting up but ...... lol a break is a break. {image}
When trading the "break" of a "trend" do you wait for a H1 candle to "close" over the TL before you enter? Just like you do with the DPV?
  • #23,562
  • Dec 13, 2017 10:23am Dec 13, 2017 10:23am
Quoting billytt
{quote} it is 8 hours before London opens
is it a 1 hour bar?
  • #23,563
  • Dec 13, 2017 10:59am Dec 13, 2017 10:59am
Quoting bojack34
{quote} When trading the "break" of a "trend" do you wait for a H1 candle to "close" over the TL before you enter? Just like you do with the DPV?
Not trading break of trend trading break of a range. Once an asset has been in consolidation for some time it has to break one way or another. Sure you get false beaks.

The t/l is not that important I'm more interested in price and any news that might affect it.
  • #23,564
  • Dec 13, 2017 11:02am Dec 13, 2017 11:02am
Quoting bojack34
{quote} is it a 1 hour bar?
Billy uses 4h bar.

Be careful it's likely due to broker server times your 4h bar will be different. Use the last 4 1h bars.
  • #23,565
  • Dec 13, 2017 11:02am Dec 13, 2017 11:02am
Quoting bojack34
{quote} is it a 1 hour bar?
4 hour bar... a lot of info says Asian session is dead, which it is BUT to me very important, just check it out looking for Daily High/Low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #23,566
  • Dec 13, 2017 11:05am Dec 13, 2017 11:05am
Quoting billytt
{quote} 4 hour bar... a lot of info says Asian session is dead, which it is BUT to me very important, just check it out looking for Daily High/Low
thanks Billy, Just to be clear so I'm not using the wrong bar......the H4 bar starts at 00-00 and ends at 04-00? You would then start trading at 04-00?
  • #23,567
  • Dec 13, 2017 11:07am Dec 13, 2017 11:07am
Quoting claudia1
{quote} Not trading break of trend trading break of a range. Once an asset has been in consolidation for some time it has to break one way or another. Sure you get false beaks. The t/l is not that important I'm more interested in price and any news that might affect it.
Oh Ok Claudia, I was under the assumption that you traded the T/L. I too like trading the CZ's more. Thanks for your help, as always!!
  • #23,568
  • Dec 13, 2017 11:07am Dec 13, 2017 11:07am
Quoting billytt
{quote} 4 hour bar... a lot of info says Asian session is dead, which it is BUT to me very important, just check it out looking for Daily High/Low
Worth mentioning that if the Asian range is high (say 50+) then keep away ?
  • #23,569
  • Dec 13, 2017 11:10am Dec 13, 2017 11:10am
Quoting claudia1
{quote} Worth mentioning that if the Asian range is high (say 50+) then keep away ?
great advice...txs!
  • #23,570
  • Dec 13, 2017 11:12am Dec 13, 2017 11:12am
Quoting claudia1
{quote} Not trading break of trend trading break of a range. Once an asset has been in consolidation for some time it has to break one way or another. Sure you get false beaks. The t/l is not that important I'm more interested in price and any news that might affect it.
When trading the Close over on the DPV line, is it worse when the H1 candle that closes over closes over by A LOT of pips. Is it better when the H1 candle closes over by only a couple of pips?
  • #23,571
  • Dec 13, 2017 11:21am Dec 13, 2017 11:21am
Quoting bojack34
{quote} When trading the Close over on the DPV line, is it worse when the H1 candle that closes over closes over by A LOT of pips. Is it better when the H1 candle closes over by only a couple of pips?
You tell me. Go do some visual back testing see what you come up with.
  • #23,572
  • Dec 13, 2017 11:33am Dec 13, 2017 11:33am
Quoting billytt
{quote} Hi, in its simplest form yes. i am also looking at the 00-00 4 hour bar too. The counter will hold the original loss and i will then look at the 00-00 bar or even the 04-00 at times. The trade is like a machine

Hi Billytt
Thanks a lot
trying to make everyday the best risk/reward decisions possible
  • #23,573
  • Dec 13, 2017 11:42am Dec 13, 2017 11:42am
@ Billy - 04.15 ? Just a thought - you got the stats.

Got an ea for this.
  • #23,574
  • Dec 13, 2017 11:56am Dec 13, 2017 11:56am
Quoting claudia1
{quote} You tell me. Go do some visual back testing see what you come up with.
I will! I actually have already to some point...lol That is why I asked that question. It seems like if the candle moves tooooo far past the DPV line, it gives less room for it to continue on.....that is unless there is some news to support the continuation. Thanks Claudia!
  • #23,575
  • Dec 13, 2017 12:13pm Dec 13, 2017 12:13pm
Quoting bojack34
{quote} I will! I actually have already to some point...lol That is why I asked that question. It seems like if the candle moves tooooo far past the DPV line, it gives less room for it to continue on.....that is unless there is some news to support the continuation. Thanks Claudia!
You got the right idea. What you got to do is try and figure it out yourself then you gain confidence - I'll always answer questions as will Billy and Lem.

Good luck !
  • #23,576
  • Dec 13, 2017 1:01pm Dec 13, 2017 1:01pm
Quoting wannalearn12
Hey, does anyone have any info on when to sort of stop trading until the new year? the market is getting worse and worse imo by the day
I would normally drop off in the week before Christmas and back in the week after NY. May run it different this year as I'm trading The DAX - and may just play that one trade set-up.
  • #23,577
  • Dec 13, 2017 1:02pm Dec 13, 2017 1:02pm
''47 unread posts''! Man you guys have been busy today!!!
  • #23,578
  • Dec 13, 2017 3:12pm Dec 13, 2017 3:12pm
All fed-and-watered. Happy camper now after a loooooong day.

Just had a look at how The Monster did today. As has been the case lately, the v1 would not have panned out, as price gapped quite substantially.

V2, however, would have worked out very nicely. Bias was long and so the entry would have been WZ Long into the body.

DAX 06:00 - 08:00
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  • #23,579
  • Dec 13, 2017 3:29pm Dec 13, 2017 3:29pm
Quoting lemercenaire
All fed-and-watered. Happy camper now after a loooooong day. Just had a look at how The Monster did today. As has been the case lately, the v1 would not have panned out, as price gapped quite substantially. V2, however, would have worked out very nicely. Bias was long and so the entry would have been WZ Long into the body. DAX 06:00 - 08:00 {image}
Hi Lem.
Dead Zone CAD did okay too
every Saint has a past. Every Sinner has a Future
  • #23,580
  • Dec 13, 2017 3:42pm Dec 13, 2017 3:42pm
This could get interesting...

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