SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Billytt Die happy trading e/j daily breakout
- #24,202
- Jan 23, 2018 1:41am Jan 23, 2018 1:41am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} 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 {image}
So...that ceiling we were banging our head off...ha ha ha...
Taken as a DWZ break north (which I didn't)...
So what we've got now is a gap up...
Does it get filled (as Billy says, taking out the small fry) before it continues on?
Or how about it just keeps marching with no retrace?
What are you asking me for? What the hell do I know, lol...
Watch this space.
- #24,203
- Jan 23, 2018 1:53am Jan 23, 2018 1:53am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,204
- Jan 23, 2018 1:56am Jan 23, 2018 1:56am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,205
- Jan 23, 2018 2:07am Jan 23, 2018 2:07am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,206
- Edited 4:04am Jan 23, 2018 2:21am | Edited 4:04am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,207
- Jan 23, 2018 2:25am Jan 23, 2018 2:25am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Went exactly as expected (I'll take it when I can get it 
)...
WZ move back down into the body - nabbed the percents and out. Expecting the bounce to come, so didn't hang around.
DAX 06:00 - 08:00 (Done WZ short into the body of the candle). +5%
Detail on that...
That Micro-Demand Zone was the stopper.
)...WZ move back down into the body - nabbed the percents and out. Expecting the bounce to come, so didn't hang around.
DAX 06:00 - 08:00 (Done WZ short into the body of the candle). +5%
Detail on that...
That Micro-Demand Zone was the stopper.
- #24,208
- Jan 23, 2018 2:27am Jan 23, 2018 2:27am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
How it looks now. All the way back...
- #24,209
- Jan 23, 2018 2:32am Jan 23, 2018 2:32am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
How it looks now. All the way back... {image}
- #24,210
- Jan 23, 2018 2:34am Jan 23, 2018 2:34am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Oh and for those interested in such things - that DAX trade was also a 1-2-3 entry (and an 
RAT).
RAT).
- #24,213
- Jan 23, 2018 3:20am Jan 23, 2018 3:20am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #24,214
- Jan 23, 2018 4:42am Jan 23, 2018 4:42am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,215
- Jan 23, 2018 5:06am Jan 23, 2018 5:06am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,216
- Jan 23, 2018 5:07am Jan 23, 2018 5:07am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #24,218
- Jan 23, 2018 5:27am Jan 23, 2018 5:27am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Gap closed.
- #24,219
- Jan 23, 2018 6:27am Jan 23, 2018 6:27am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Right. Probably poked The Monster enough for one day - he's going to get teed off soon , so I will get back to the explanation, or at least some kind of round up, of what The Dead Zone is all about for Samuel and others who have asked recently.
At its most basic, The Dead Zone is the hour of ''dead air'' before the US Open.
I then mark the limits of the candle's High and Low, plus add the Open and Close. (I do mark the mid-line but used to use it more than I do now, mostly it's just out of habit now, or as a line-in-the-sand to keep an eye on. Price will often come back to it, twist around that level and then move on, rather than always reverse, for example. It can therefore be useful as a point to add into a trade).
After that, it's simply a matter of entering in the direction of price movement over those lines.
The original concept was for EJ and that was simply as a break of High or Low, however that has now morphed into a total of 15 pairs, with a kind of unofficial weight-scale as to preferred use. These pairs are not randomly selected however - they were chosen because they all behave in a similar way.
Mostly now, I will look to UC (and Mr-T uses this exclusively as it is like money in the bank solid), AU, EJ, GU, CJ and DAX (though admittedly DAX is mostly run as my morning trade only now). If there is nothing there, I will then scan the others. For the full list, you will have to go find a day of posts - the charts are always posted in the order of possible selection.
Now, once I had the base method (thanks to Billy for the method and Too Slow for the time-slot), I added a pinch of what we call round here, Alien DNA. If you need an explanation as to what that is, then pm me and I'll fill you in.
This means that I now also look to take any move back over the Open or Close lines as price moves back into the body of the candle. As Billy would say - I have stats for that... stats!
I do now in fact actively prefer trades that move back inside the body to those that break the extremes but both ways are equally valid.
Once in a trade, I manage it in a very similar way to Billy with his. I target +5% but if that first move fails, I will run a counter-trade to lock in a floating loss. I then can either simply wait for a new trigger and unwind that in-limbo-loss, or if the candle is large enough, I can look to run micro-trades to build up a bank of cash to offset it that way. Slowly eating away at that negative figure, while I wait for the next trigger. This works especially well with The DAX (which is run in exactly the same way for my morning trade).
As time moved on, I added a Schaff indi for directional bias - but now use that pretty much only for The DAX, as the one I use there, is a custom one available from my broker. The ones you get for the other pairs on mt4 are nowhere near as good.
On top of that, I then use Supply and Demand Zones. These now form the basis of my ''additional information'' to the trades. They help fine-tune entries as well as show exits and potential add-in points.
Anyway, as I say in previous explanations, it's actually easier to do than explain in a lot of ways. At its heart, we are simply trading a line. It's then the trade-management that comes into play.
I have always said that players new to the game should run this on demo ONLY for around three-to-six months. I know you will hear people say that it's not real money and it's not the same, blah, blah, blah...however, in the case of The Dead Zone, one needs to have the technique down pat, so it can be run on instinct, without having to think about every decision you have to make. This is particularly true of the counter-trade aspect, which is where most seem to struggle with the concept. The only way you will make those decisions properly is of you remove completely, the pressure of having real cash on the line and allow yourself to concentrate 100% on the mechanics of the method.
There is also a variant I use occasionally called The Witching Hour, which runs over the midnight candle UK-time. EJ and GJ works particularly well there, along with the usual Southern-Hemisphere suspects and it is the same-but-different, lol.
I'll leave it at that for now. Hope it gives you somewhere to get started.
, so I will get back to the explanation, or at least some kind of round up, of what The Dead Zone is all about for Samuel and others who have asked recently.At its most basic, The Dead Zone is the hour of ''dead air'' before the US Open.
I then mark the limits of the candle's High and Low, plus add the Open and Close. (I do mark the mid-line but used to use it more than I do now, mostly it's just out of habit now, or as a line-in-the-sand to keep an eye on. Price will often come back to it, twist around that level and then move on, rather than always reverse, for example. It can therefore be useful as a point to add into a trade).
After that, it's simply a matter of entering in the direction of price movement over those lines.
The original concept was for EJ and that was simply as a break of High or Low, however that has now morphed into a total of 15 pairs, with a kind of unofficial weight-scale as to preferred use. These pairs are not randomly selected however - they were chosen because they all behave in a similar way.
Mostly now, I will look to UC (and Mr-T uses this exclusively as it is like money in the bank solid), AU, EJ, GU, CJ and DAX (though admittedly DAX is mostly run as my morning trade only now). If there is nothing there, I will then scan the others. For the full list, you will have to go find a day of posts - the charts are always posted in the order of possible selection.
Now, once I had the base method (thanks to Billy for the method and Too Slow for the time-slot), I added a pinch of what we call round here, Alien DNA. If you need an explanation as to what that is, then pm me and I'll fill you in.
This means that I now also look to take any move back over the Open or Close lines as price moves back into the body of the candle. As Billy would say - I have stats for that...
stats!I do now in fact actively prefer trades that move back inside the body to those that break the extremes but both ways are equally valid.
Once in a trade, I manage it in a very similar way to Billy with his. I target +5% but if that first move fails, I will run a counter-trade to lock in a floating loss. I then can either simply wait for a new trigger and unwind that in-limbo-loss, or if the candle is large enough, I can look to run micro-trades to build up a bank of cash to offset it that way. Slowly eating away at that negative figure, while I wait for the next trigger. This works especially well with The DAX (which is run in exactly the same way for my morning trade).
As time moved on, I added a Schaff indi for directional bias - but now use that pretty much only for The DAX, as the one I use there, is a custom one available from my broker. The ones you get for the other pairs on mt4 are nowhere near as good.
On top of that, I then use Supply and Demand Zones. These now form the basis of my ''additional information'' to the trades. They help fine-tune entries as well as show exits and potential add-in points.
Anyway, as I say in previous explanations, it's actually easier to do than explain in a lot of ways. At its heart, we are simply trading a line. It's then the trade-management that comes into play.
I have always said that players new to the game should run this on demo ONLY for around three-to-six months. I know you will hear people say that it's not real money and it's not the same, blah, blah, blah...however, in the case of The Dead Zone, one needs to have the technique down pat, so it can be run on instinct, without having to think about every decision you have to make. This is particularly true of the counter-trade aspect, which is where most seem to struggle with the concept. The only way you will make those decisions properly is of you remove completely, the pressure of having real cash on the line and allow yourself to concentrate 100% on the mechanics of the method.
There is also a variant I use occasionally called The Witching Hour, which runs over the midnight candle UK-time. EJ and GJ works particularly well there, along with the usual Southern-Hemisphere suspects and it is the same-but-different, lol.
I'll leave it at that for now. Hope it gives you somewhere to get started.
