Billytt Die happy trading e/j daily breakout

IT WAS ME...BLAME ME


i booked a few days away up north, until next Tuesday.

i really hammered Cable so treating my gf

you did well bud...

Hi Billytt.
some lovely areas and beaches in northumberland, if you are going that far.
We are spending Two weeks on the Lizard in June
Regards
Kev

Thanks for that.. We are concentrating on York area then Pendle and Clitheroe

That went well...

Aye. Nice...

Thanks for that.. We are concentrating on York area then Pendle and Clitheroe

Lovely area
Whitby is one of our best seaside towns, bikers love it, but it's about 60 miles from york over the moors

Looking back on the day - great consolidation on 15min break had to happen.

Looking back on the day - great consolidation on 15min break had to happen.

Hi Claudia do you think it will go back down to test the low of today then back up.
On th 15 min chart it is between the 50 and 61.8 Fib
Regards
Kev

Cheers Bud

Hi Kev

Really don't know. Keeping out until tomorrow - my guess (and it is a guess) is that it will hold a fairly tight range overnight as it did yesterday.

Looking back on the day - great consolidation on 15min break had to happen.

























Really don't know. Keeping out until tomorrow - my guess (and it is a guess) is that it will hold a fairly tight range overnight as it did yesterday

Hi Claudia.
Thanks for the reply.
Its starting to look that way.
I might see what happens in the Asian session, and maybe look at buy the high and sell the low breakouts
Regards
Kev

If you going up that way then here's a song.

Been playing with another ''thing'' over in The Other Galaxy and as a lead off from that, it showed up once again the power of playing the Daily WZ set up, cw S+D for taking profits.

All done now. Hope everyone had a grand day and see y'all again tomorrow.

I will catch up with you lovely people next week...
or maybe a quick hello/goodbye in the morning...
i am taking my gf away until Tue, visiting York, Pendle and Wigan AND NO PHONES............

Take care all Billy

Have a good time, Billy - just watch out for sharks...

Been asked about that S+P trade.



I did not run it as a pure DWZ trade. My entry was on Candle #B, as price initially moved back into the body of candle #A.

Candle #B will either reverse candle #A, or break big in the other direction. In this case tonight, I got the big outside break move. As such, I cut short the original long trade as soon as it looked like stalling and bagged a couple of pips. Once price turned, I then entered short on the break of the low of candle #A.

Once the move is off and running, I trailed it on a candle-by-candle basis on the m15 chart.

Trade was closed out at the point price reached the target of the Demand Zone.

I then, added a cheeky extra bag by taking a handful of pips on the bounce (price then turned again and moved on deeper into the Demand Zone. I let it do its thing, as I was done-and-dusted).

Now, although I did not run it as a pure DWZ trade, I was always keeping in mind the fact that price always wants to leave the Wick-Zones and so, no matter what kind of trade I am in, I will always look for price to behave like that.

In hindsight, I could have given that more weight than I did and perhaps not taken the initial long at all. However, that wasn't the play called by the method I was using, so I went in. What it did do, however, was make me mindful of the likelihood that any move long may stall and be short-lived and to get out at the first sign...and that's what I did.

I found myself still awake.

The Monster was kind of blocked in this morning, pre-KO...



Dropping to the m5 shows the detail. The dotted lines are the boundaries to the S+D Zones on the H1...



We were heading for a Doji situation on the H1 but just seconds before the off we got a little move long and as the Open kicked in, we got a reaction move back down. Entry on the WZ Short...

DAX 06:00 - 08:00 (WZ Short into body). +5%