Billytt Die happy trading e/j daily breakout | Page 1275 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #25,481
  • Mar 13, 2018 4:49am Mar 13, 2018 4:49am
Quoting montego
{quote} Triggered long, kept going up and down so i hedged short at the half way, left my original sell order on so it went down and triggered that, so i had 2 shorts and one long, and ive just closed at 1 pip profit, going to leave it at that and play safe lol...
I don't know how you are running things when the trade is off and bouncing but if you're not doing so already, then you may find it useful and helpful to drop to the m5 (or even m1 if your nerves can handle it), and then you can almost run Wick-Zone on every previous candle. Now obviously you need to take spread v candle size into account - be sensible - but doing this, combined with the micro-S+D Zones can help you scalp back with more confidence (especially if you have a previous directional bias as well, from H1 S+D today, for instance).

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  • #25,482
  • Mar 13, 2018 5:53am Mar 13, 2018 5:53am
Lem saw your post on e/j. When to start selling ??

Worth watching this.
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  • #25,483
  • Mar 13, 2018 7:14am Mar 13, 2018 7:14am
Quoting claudia1
Lem saw your post on e/j. When to start selling ?? Worth watching this. {image}
E/J was on an inside bar on daily AND 4 hour bars......... It did well so hopefully soon it will correct or just drop
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,484
  • Mar 13, 2018 7:16am Mar 13, 2018 7:16am
E/J maybe the area 13240 might be a resistance level then a drop..

i just looked and saw it did hit 13240 before... t now 12-16

edit, actually not quite 13240
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,485
  • Mar 13, 2018 7:41am Mar 13, 2018 7:41am
Hi Billytt

As i went full time as a trader since 3 months today i feel i need to make a summary of what i learn since i started :

Even with the best trading plan its not enough to be a successful trader , it takes more than a trading plan , we need both to implement and execute it in real time markets every day like in sports even Jonny wilkinson genius is hard to implement and execute.... but still working on it every day and i promise will not give up, as i have still difficulties to implement counter trading (not technically but mentally) focusing may be too much on P/L only .

SB
trying to make everyday the best risk/reward decisions possible
  • #25,486
  • Mar 13, 2018 7:47am Mar 13, 2018 7:47am
Quoting billytt
E/J maybe the area 13240 might be a resistance level then a drop.. i just looked and saw it did hit 13240 before... t now 12-16 edit, actually not quite 13240
but it did just then +40 on drop... just saying lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,487
  • Mar 13, 2018 7:55am Mar 13, 2018 7:55am
Quoting slowbrain
Hi Billytt As i went full time as a trader since 3 months today i feel i need to make a summary of what i learn since i started : Even with the best trading plan its not enough to be a successful trader , it takes more than a trading plan , we need both to implement and execute it in real time markets every day like in sports even Jonny wilkinson genius is hard to implement and execute.... but still working on it every day and i promise will not give up, as i have still difficulties to implement counter trading (not technically but mentally) focusing...
It is difficult on the mind bud.

I trade 1 pair and one method.
OK sometimes i play fun trade with Dax.
i used to trade Daily, then 04-00 and now 08-15 break and the only other times i will trade is if i have a Fail and i then correct it.
We do not have to counter but i do..
Today i had a fail but when it dropped i made 5% and then clawed most of the 12% loss back.
I could quite easily close the loss and still be winning as i made extra yesterday to off set loss.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,488
  • Mar 13, 2018 7:58am Mar 13, 2018 7:58am
Quoting billytt
{quote} but it did just then +40 on drop... just saying lol
E/J seems to of bounced off the 00, but hopefully smash through it later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,489
  • Mar 13, 2018 8:09am Mar 13, 2018 8:09am
I am so glad that I remembered my brain fart from yesterday and adjusted The Dead Zone to take EST change into account (OK, I did forget to check for red news - but hey, it's my idiot brain, so don't be mean to it ).

I was only interested in short - and as it turned out, short we got...many, many, percents...

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Detail on that...

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The blue zone is another piece of ancient Technology I have been looking at. Just know that it means if I went long a small grey man was going to come and probe me till I stopped doing it wrong.
  • #25,490
  • Mar 13, 2018 8:19am Mar 13, 2018 8:19am
Quoting claudia1
Lem saw your post on e/j. When to start selling ?? Worth watching this. {image}
I'm waiting till (if) it gets to 132.711

If it doesn't get that far, hey ho, there ya' go...but if it does...I'm all over it like poison ivy in a Noo Joizey vacant lot.
  • #25,491
  • Mar 13, 2018 8:21am Mar 13, 2018 8:21am
Quoting lemercenaire
{quote} I'm waiting till (if) it gets to 132.711 If it doesn't get that far, hey ho, there ya' go...but if it does...I'm all over it like poison ivy in a Noo Joizey vacant lot.
EDIT: I may be tempted if it hits around 132.700, depending on available info.
  • #25,492
  • Mar 13, 2018 8:25am Mar 13, 2018 8:25am
Quoting lemercenaire
{quote} EDIT: I may be tempted if it hits around 132.700, depending on available info.
Dayuuum! Looks like it's stalling...132.258
  • #25,493
  • Mar 13, 2018 8:29am Mar 13, 2018 8:29am
Quoting lemercenaire
{quote} Dayuuum! Looks like it's stalling...132.258
Micro Zones clogging up the works...

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Still free-and-clear everywhere else...

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  • #25,494
  • Mar 13, 2018 9:03am Mar 13, 2018 9:03am
Thumb-twiddling-itis...

The Monster through the eye of The Dead Zone. It's been a while but hey, looks like it hasn't lost any of its magic. That would have been hefty moolah...

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  • #25,495
  • Mar 13, 2018 9:12am Mar 13, 2018 9:12am
Amendment to the EJ playbook.

If it drops and closes below 132.113 on the H1, then retests that, I'd be looking short...maybe...lol.
  • #25,496
  • Mar 13, 2018 10:19am Mar 13, 2018 10:19am
Quoting lemercenaire
{quote} I don't know how you are running things when the trade is off and bouncing but if you're not doing so already, then you may find it useful and helpful to drop to the m5 (or even m1 if your nerves can handle it), and then you can almost run Wick-Zone on every previous candle. Now obviously you need to take spread v candle size into account - be sensible - but doing this, combined with the micro-S+D Zones can help you scalp back with more confidence (especially if you have a previous directional bias as well, from H1 S+D today, for instance)....
Thanks Lem thats a good tip, i will look at that mate
  • #25,497
  • Mar 13, 2018 10:21am Mar 13, 2018 10:21am
Quoting billytt
{quote} nice one, a small gain which is better than any loss......
Thanks Billy thats what i thought there is always tomorrow...
  • #25,498
  • Mar 13, 2018 10:31am Mar 13, 2018 10:31am
Hi everyone.
Three trades today on oil, three losses, two sell and one buy.
Oh well back to the drawing board
Regards
Kev
  • #25,499
  • Mar 13, 2018 11:28am Mar 13, 2018 11:28am
Quoting lemercenaire
Amendment to the EJ playbook. If it drops and closes below 132.113 on the H1, then retests that, I'd be looking short...maybe...lol.
It's on the move, Claudia!!!
  • #25,500
  • Mar 13, 2018 11:33am Mar 13, 2018 11:33am
Quoting montego
{quote} Thanks Lem thats a good tip, i will look at that mate
Kl Kl. I also wanted to check that you are running WZ tech correctly. When you're starting out with it, it's easy to forget that we only enter as price leaves the WZ, not enters.

So, we will only enter short from the Upper Zone into the body, not long from the body into the WZ and vice-versa, only long from the lower WZ back into the body, not short down out of the body into the lower Zone.

We can, of course, enter at the break of the High and Low, however again, not back into the WZ from outside.

Hope that makes sense. As always, any questions, just ask.
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