Billytt Die happy trading e/j daily breakout | Page 1210 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #24,181
  • Jan 22, 2018 2:50am Jan 22, 2018 2:50am
Right, that's me for now. The Eagles' dismantling of The Vikings in the NFL Playoffs didn't finish till dawn's early light here, so I am going to crash for a while.

Trade well all who carry on.
  • #24,182
  • Jan 22, 2018 3:01am Jan 22, 2018 3:01am
The DAX box in the m5 charts above is misleading as it comes across strangely when one drops from the H1 chart - this is how it should look on the m5...
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Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz-time...
  • #24,183
  • Jan 22, 2018 3:18am Jan 22, 2018 3:18am
Cable, what i thought actually happened lol.

i have a fail but have a counter running, i am going to sleepfor a while.
I am dancing tonight
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,184
  • Jan 22, 2018 5:29am Jan 22, 2018 5:29am
Quoting billytt
Cable, what i thought actually happened lol. i have a fail but have a counter running, i am going to sleepfor a while. I am dancing tonight
Hi Billy -that Cable chart on the 8 am to 8:15 am bar got a five pip +
Waiting for CAD dead zone now -back later.
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every Saint has a past. Every Sinner has a Future
  • #24,185
  • Jan 22, 2018 6:06am Jan 22, 2018 6:06am
Quoting lemercenaire
{quote} Welcome aboard Samuel. Good to have you over here and to have an another ally in the daily battle with The Monster! Have you been running it naked or using a bias mechanism?
Naked at first, then moved into a bias mechanism. But I would say that bias is taking only 30% weight in my decision. I try just to execute it.

This morning didn't wake up, I am suffering from some stomach ache, so I didn't take any trade.

But here is how it would have turned out.

To be honest, I have no idea if I would have taken the second 15min bar using trading 123 (no idea how fast the movement was, especially with the dax) and it would have been a winner.

The first 15min bar
Also, first bar travelled from 39 to 32 approx, usually when I have no bias or when I want to make my points, I would be more than happy with that. Maybe I would have closed it at 32 or 33 or 34 depending how fast it did move and if whether it reached 32 again. I would usually wait for the price action near 30, see if we break 30 or not before closing the position.

Interestingly enough, it did not break 50 level, so I might have kept the losing position open to see whether it breaks it or not. Yes, risky as it could move fast and take me out with 20 or 30 points.

The third 15min bar is self explanatory. I would have taken it with double the 2.5x to 3x the lot size and made my percentage.
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  • #24,186
  • Jan 22, 2018 6:08am Jan 22, 2018 6:08am
Quoting turnip15
{quote} Hi Billy -that Cable chart on the 8 am to 8:15 am bar got a five pip + Waiting for CAD dead zone now -back later. {image}
Sorry to ask if it has been already answered, can you just point me to the post that explains the CAD dead zone? Time to trade it, entry rules etc.

Thank you very much
  • #24,187
  • Jan 22, 2018 6:30am Jan 22, 2018 6:30am
Quoting samuel2133
{quote} Sorry to ask if it has been already answered, can you just point me to the post that explains the CAD dead zone? Time to trade it, entry rules etc. Thank you very much
CAD/USD - one hour chart - 12 noon to 1 pm ( UK time ) - you can try other pairs but my approach ( not necessarily Lems) is to trade the one pair.

Check out Lems posts - he has lots of annotated charts on the subject. Rules are not cast in stone apart from getting into the trade. Good approach for a disciplined personality. I have charts on this thread but Lem is the master :-)
every Saint has a past. Every Sinner has a Future
  • #24,188
  • Jan 22, 2018 8:12am Jan 22, 2018 8:12am
Quoting turnip15
{quote} Hi Billy -that Cable chart on the 8 am to 8:15 am bar got a five pip + Waiting for CAD dead zone now -back later. {image}
So many people been asking about The Dead Zone recently, I have been feeling guilty at letting the method slide (I still haven't added my full indi yet, lol), so staggered out of my pit and made it to the screen (just) in time to catch the UC alongside Mr-T.

In my eyes, it was only going to be short for me with that Supply Zone above, so I let the candle close, dodged the fake-out and jumped on board the WZ drop inside. All good.
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Adding a fib helped as well...
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  • #24,189
  • Jan 22, 2018 8:14am Jan 22, 2018 8:14am
NB on that fib - ignore all the lines except the 50 for the pullback.
  • #24,190
  • Jan 22, 2018 8:18am Jan 22, 2018 8:18am
Quoting samuel2133
{quote} Naked at first, then moved into a bias mechanism. But I would say that bias is taking only 30% weight in my decision. I try just to execute it. This morning didn't wake up, I am suffering from some stomach ache, so I didn't take any trade. But here is how it would have turned out. To be honest, I have no idea if I would have taken the second 15min bar using trading 123 (no idea how fast the movement was, especially with the dax) and it would have been a winner. The first 15min bar Also, first bar travelled from 39 to 32 approx, usually when...
Yes, that's the way I play bias as well. It's a guide. I don't run it hard-and-fast. I (and all of us here) trade lines. Other info can be a help to a degree but eventually, it all comes down to price crossing a line and you making a decision whether to take an entry as it does so or not.

What I would say is that if I am in in one direction and my bias had suggested the other, or I have been given conflicting signals, I will be prepared to exit at the first sign of a stall, whether I have made my nominal target or not.

Hope you feel a bit better!
  • #24,191
  • Jan 22, 2018 8:20am Jan 22, 2018 8:20am
Quoting samuel2133
{quote} Sorry to ask if it has been already answered, can you just point me to the post that explains the CAD dead zone? Time to trade it, entry rules etc. Thank you very much
I have to run out for a bit - however I will get back to you in more detail re The Dead Zone later in the day, if that's ok. You're gonna' love it!
  • #24,192
  • Jan 22, 2018 8:59am Jan 22, 2018 8:59am
Quoting turnip15
{quote} Hi Billy -that Cable chart on the 8 am to 8:15 am bar got a five pip + Waiting for CAD dead zone now -back later. {image}
Mr T,,, you are correct. It made 5+.

BILLY MADE A MISTAKE,,,,, YAAAAAAAAAAAAAAAAAAAY
I did not trade the 08-00 Long Break but had my Pc set up to short which it did lol.
it triggered when it should not of...

it happens, normally it would of gone my way lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,193
  • Jan 22, 2018 9:03am Jan 22, 2018 9:03am
so i have Cable in counter in limbo but i started Longing Dax...
when i say Longing i mean my friend in London was trading it for me along with other clients, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,194
  • Jan 22, 2018 9:13am Jan 22, 2018 9:13am
[quote=turnip15;10695476]{quote} CAD/USD - one hour chart - 12 noon to 1 pm ( UK time ) - you can try other pairs but my approach ( not necessarily Lems) is to trade the one pair. Check out Lems posts - he has lots of annotated charts on the subject. Rules are not cast in stone apart from getting into the trade. Good approach for a disciplined personality.

you said it in one Mr T.. Methods work even better if the trader sticks to it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,195
  • Jan 22, 2018 9:16am Jan 22, 2018 9:16am
i said i have been trading Dax Long...
i did not trade the 08-00 5 minute bar break...
just by chance my friend phoned from London and he is doing me a favour lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,196
  • Jan 22, 2018 10:12am Jan 22, 2018 10:12am
Contrary to Billy's friend in London (who I'm assuming was in on the earlier climb), I shorted coming out of the Supply Zone...

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Detail on that...

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  • #24,197
  • Jan 22, 2018 10:14am Jan 22, 2018 10:14am
Quoting lemercenaire
Contrary to Billy's friend in London (who I'm assuming was in on the earlier climb), I shorted coming out of the Supply Zone... {image} Detail on that... {image}
Also, if you look left, you will see that the move was also a WZ play out of this morning's box. A nice back-up weight to the entry.
  • #24,198
  • Jan 22, 2018 10:32am Jan 22, 2018 10:32am
Quoting lemercenaire
Contrary to Billy's friend in London (who I'm assuming was in on the earlier climb), I shorted coming out of the Supply Zone... {image} Detail on that... {image}
Hi, i am sure he/or his crew would of been on the drop, They are pros..i know he def was longing it.not heard off him for ages
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,199
  • Jan 22, 2018 7:01pm Jan 22, 2018 7:01pm
Tomorrow could throw up a nice opening move. The Monster is banging its head off the roof...
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As DWZ...
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In fact that's carried across all time-frames, including H4, the Daily here and the Weekly...
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Doesn't mean it will do that - and even if it does, it may be all over and done with by the time we look to get involved - but it's something to bear in mind.

Catch you here to check it out tomorrow .
  • #24,200
  • Jan 23, 2018 1:26am Jan 23, 2018 1:26am
Quoting lemercenaire
Tomorrow could throw up a nice opening move. The Monster is banging its head off the roof... {image} As DWZ... {image} In fact that's carried across all time-frames, including H4, the Daily here and the Weekly... {image} Doesn't mean it will do that - and even if it does, it may be all over and done with by the time we look to get involved - but it's something to bear in mind. Catch you here to check it out tomorrow .
Yes indeed , it looks set to move...maybe the big boys will make it drop first to kill off the minnows as i know they do then up.

Frankie opened good with . Lets see trade well bud.. Tame the Beast
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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