Billytt Die happy trading e/j daily breakout | Page 1297 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #25,921
  • Mar 21, 2018 4:55pm Mar 21, 2018 4:55pm
Dead Zone. Another one gone begging. Though with the Oil Inventories, would I have traded it? Moot question but here's the chart anyway.

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  • #25,922
  • Mar 21, 2018 6:05pm Mar 21, 2018 6:05pm
Quoting lemercenaire
Dead Zone. Another one gone begging. Though with the Oil Inventories, would I have traded it? Moot question but here's the chart anyway. {image}
The best of the DZ options today. Gold and GN.

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  • #25,923
  • Mar 21, 2018 6:30pm Mar 21, 2018 6:30pm
Back to the level...

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Lovin' the spikes, lol.
  • #25,924
  • Mar 21, 2018 8:56pm Mar 21, 2018 8:56pm
Already been a fair DWZ move short out of the WH areas (which weren't traded by me).

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  • #25,925
  • Mar 21, 2018 9:02pm Mar 21, 2018 9:02pm
Quoting lemercenaire
Already been a fair DWZ move short out of the WH areas (which weren't traded by me). {image}
I traded the Tokyo Open (your Witching Hour) and had to double down to get my money back.
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  • #25,926
  • Mar 21, 2018 9:05pm Mar 21, 2018 9:05pm
Quoting ikdenk
{quote} I traded the Tokyo Open (your Witching Hour) and had to double down to get my money back.{image}
Yeah, the set-ups didn't look very promising, I'm afraid.

Glad you managed to work your way out of it.
  • #25,927
  • Mar 21, 2018 9:12pm Mar 21, 2018 9:12pm
Quoting lemercenaire
{quote} Yeah, the set-ups didn't look very promising, I'm afraid. Glad you managed to work your way out of it.
I was counting on a test of yesterday's high = stophunt.

They don't always happen. Nothing lost overall.
  • #25,928
  • Mar 21, 2018 9:25pm Mar 21, 2018 9:25pm
Quoting ikdenk
{quote} I was counting on a test of yesterday's high = stophunt. They don't always happen. Nothing lost overall.
Cool.

As I was saying to Billy, always pays to keep an eye on where price sits in relation to the overall Daily Wick Zone.

Keeps you in mind of the bigger picture that it's sometimes easy to forget.
  • #25,929
  • Mar 22, 2018 1:44am Mar 22, 2018 1:44am
Hi everyone.
Hi Lem.
Looking at the Light Crude oil chart.
Is this a daily wick zone from 25th of January ? High 66.56 and Low 6573.
Price has been up to 6566 recently and declined at the moment to 65.08.
Sorry I can't post charts at the moment as I'm at work.
Regards
Kev
  • #25,930
  • Mar 22, 2018 2:21am Mar 22, 2018 2:21am
Claudia time...

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  • #25,931
  • Mar 22, 2018 2:24am Mar 22, 2018 2:24am
Morning,,,,,,
Lem, you were up very late?
i have been awake most of the night collating stats, running tests blah blah....
i will be sleeping shortly after the 08-00 15 break.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,932
  • Mar 22, 2018 2:49am Mar 22, 2018 2:49am
Quoting kevin1959
Hi everyone. Hi Lem. Looking at the Light Crude oil chart. Is this a daily wick zone from 25th of January ? High 66.56 and Low 6573. Price has been up to 6566 recently and declined at the moment to 65.08. Sorry I can't post charts at the moment as I'm at work. Regards Kev
Hi Kev.

If I'm understanding you correctly, then the Upper WZ from CL on the 25th Jan, if extended out, does give a level just above price at the moment.

However, this isn't how DWZ is used. You only play price directly off of the previous day's Wick Zones.

Now, what we do have, is a Supply Zone extending across from that candle and that is what we'd be looking at (and price is in fact in that zone at the moment - in the process of heading out by the look of it).

Hope that's of some use.
  • #25,933
  • Mar 22, 2018 2:56am Mar 22, 2018 2:56am
gf is getting a bee hive soon...Not a hair style but a house for real bees.

She has been attending a bee keeping course.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,934
  • Mar 22, 2018 2:59am Mar 22, 2018 2:59am
almost 08-00, trade well all.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,935
  • Mar 22, 2018 3:05am Mar 22, 2018 3:05am
i am leaving Dax again, i am still -20 from that short , which was not i lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,936
  • Mar 22, 2018 3:12am Mar 22, 2018 3:12am
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Entry bit early. S/R and DS1 - good for a 1000 (whatever it is).

Unfortunately my broker only has 1 hour of data shown before London Open.
  • #25,937
  • Mar 22, 2018 3:26am Mar 22, 2018 3:26am
Simple as simple gets for The Monster this morning. Push downward pre-KO took us right into the arms of the waiting Demand Zone and that gave us a lovely bounce back out at the bang of the gun.

Done WZ Long back into the body. +5% with a dusting of sugar on top.

DAX 06:00 - 08:00 (WZ Long). +5% et al.
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The view from the Demand Zone. (This chart is from a different broker, one which closes its desk overnight, so the candles jump from last night at 20:00 to 07:00).
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  • #25,938
  • Mar 22, 2018 3:29am Mar 22, 2018 3:29am
Still going - and the K-Gap now filled...

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  • #25,939
  • Mar 22, 2018 3:34am Mar 22, 2018 3:34am
Quoting ikdenk
{image} Entry bit early. S/R and DS1 - good for a 1000 (whatever it is). Unfortunately my broker only has 1 hour of data shown before London Open.
If you have that candle situation, all is not lost (you can see above that one of my charting brokers does the same), as what to do is drop to the m5. You will still have your extreme (high or low) and your hour close. You can form your WZ from that info only and trade as price leaves that as normal. Set your counter level on the m15 candle (the m5 is usually a bit small but can be used as well - personal preference).

It's the same Monster deal - just a bit different
  • #25,940
  • Mar 22, 2018 3:41am Mar 22, 2018 3:41am
Dax,,, High broke for %%%%, but not traded by me
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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