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Billytt Die happy trading e/j daily breakout

  • #26,781
  • Apr 11, 2018 7:09pm Apr 11, 2018 7:09pm
Quoting Lavieestbele
HI all Hope you all had bagged them great pips i took the usdcad pair for my DEAD ZONE journey , it was a stressful day to say the least lol , my bias was long at that time of the day so: first trade +3 pips , second -8, third -11 and finally +49 so it was a green day at the end lol still struggling with closing the trade when it goes against me , fear and greed ... {image}
UC was always going to be a dodgy proposition due to the OIL inventories.

Well done for sticking with it and coming out ahead.
  • #26,782
  • Apr 11, 2018 7:12pm Apr 11, 2018 7:12pm
Quoting Lavieestbele
HI all Hope you all had bagged them great pips i took the usdcad pair for my DEAD ZONE journey , it was a stressful day to say the least lol , my bias was long at that time of the day so: first trade +3 pips , second -8, third -11 and finally +49 so it was a green day at the end lol still struggling with closing the trade when it goes against me , fear and greed ... {image}
I also don't think I mentioned before (apologies if I have) that as well as EJ, UC is a good option for surfing overnight UK time and can fit the Witching Hour as well.
  • #26,783
  • Apr 11, 2018 7:30pm Apr 11, 2018 7:30pm
Quoting lemercenaire
{quote} I also don't think I mentioned before (apologies if I have) that as well as EJ, UC is a good option for surfing overnight UK time and can fit the Witching Hour as well.
just for clarification Lem the witching hour is Sydney open right ? and which one do you think is best Sydney open or Tokyo open ?
thank you sir
  • #26,784
  • Apr 11, 2018 7:45pm Apr 11, 2018 7:45pm
Quoting Lavieestbele
{quote} just for clarification Lem the witching hour is Sydney open right ? and which one do you think is best Sydney open or Tokyo open ? thank you sir
There are two variants. Both tested by myself and Wanna.

1: Midnight - 01:00 UK time
2: 23:00 - Midnight UK time

One tends to work as a WZ move (a reverse back into the body), the other as a continuation move.

However, we discovered that neither worked better than the other, just that they worked differently.

In fact, there is also the option to have them work together as a two-hour block in the same way as I run The Monster morning trade.

Using the slot fixed to the UK times make it easier for me to keep track of the start times.
  • #26,785
  • Apr 11, 2018 7:52pm Apr 11, 2018 7:52pm
Quoting lemercenaire
{quote} There are two variants. Both tested by myself and Wanna. 1: Midnight - 01:00 UK time 2: 23:00 - Midnight UK time One tends to work as a WZ move (a reverse back into the body), the other as a continuation move. However, we discovered that neither worked better than the other, just that they worked differently. In fact, there is also the option to have them work together as a two-hour block in the same way as I run The Monster morning trade. Using the slot fixed to the UK times make it easier for me to keep track of the start times.
THANK YOU SIR
  • #26,786
  • Apr 11, 2018 10:15pm Apr 11, 2018 10:15pm
{quote} just for clarification Lem the witching hour is Sydney open right ? and which one do you think is best Sydney open or Tokyo open ? thank you sir

Hi Lem
On a lot of pairs, it seems to move in one direction between 10.00pm and 12.00am gmt
Thn at 12.00am moves in the opposite direction
Regards
Kev
  • #26,787
  • Apr 11, 2018 10:31pm Apr 11, 2018 10:31pm
Hi everyone
Oil seems to be pushing through its daily and weekly highs.
Seems to be a lot of space up to 106 ish.
The three sell trades that I have on look a bit ugly, but I have been buying and taking the profits as well, ( practicing counter trading I think )
I'll reap the benefits when the prices come back down in a year or two lol
Have a good day
Regards
Kev
Attached Image (click to enlarge)
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  • #26,788
  • Apr 12, 2018 2:23am Apr 12, 2018 2:23am
Quoting kevin1959
{quote} just for clarification Lem the witching hour is Sydney open right ? and which one do you think is best Sydney open or Tokyo open ? thank you sir Hi Lem On a lot of pairs, it seems to move in one direction between 10.00pm and 12.00am gmt Thn at 12.00am moves in the opposite direction Regards Kev
You got it. So the earlier move will often be the continuation move and the latter the reversal. It's due to the ''dead air'' around the period between the US closing and the two Asian sessions opening. Things get churned up and we get the movement we need.
  • #26,789
  • Apr 12, 2018 2:24am Apr 12, 2018 2:24am
t 08-23
morning, i am Long Cable. i came to within a fraction of making 5%.

catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,790
  • Apr 12, 2018 2:26am Apr 12, 2018 2:26am
'Morning, all.

Had a bit of a play pre-KO this morning. The set-up was there and I liked what I saw, so was willing to swallow the larger spread. Took a bounce long out of the Demand Zone. 07:50 ish.

Attached Image (click to enlarge)
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  • #26,791
  • Apr 12, 2018 2:27am Apr 12, 2018 2:27am
t 08-27.
i closed my Long for +1.
i am not playing with it. Wait for the drop i think
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,792
  • Apr 12, 2018 2:32am Apr 12, 2018 2:32am
i was thinking..ooooooooooooooooooooooooooooooo

yesterday i had a lucky trade (i forgot to cancel a pending order) and it made 7.
at the time my counter was running at -6 ...
in reality my counter should be now -4 plus a +5%. (second of dsy)
Today i made 1% and my counter is now -3.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,793
  • Apr 12, 2018 2:33am Apr 12, 2018 2:33am
Quoting claudia1
{quote} Blame Billy hope he's not off wedgying Mr T again.
ouch
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,794
  • Apr 12, 2018 2:33am Apr 12, 2018 2:33am
As for the actual Monster-Trade, well, things got a tad...err...hectic, lol.

Lightning fast, price dropped like a stone, bounced, rebounded in a blink of an eye (so I didn't pull the trigger) and then eventually, I got the long trigger I was looking for at the same time as a speed my hand-eye co-ordination could handle. +5% and a chunk more.

DAX 06:00 - 08:00 (WZ Long) +5% et al.
Attached Image (click to enlarge)
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As soon as I bailed on that, the Monster bared its teeth and snapped up anyone who had held for a nano-second too long...

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster06.00-08.00April12th18cropAndThenAllDAXY.png Size: 22 KB


Phew! I love the smell of DAXY in the morning!
  • #26,795
  • Apr 12, 2018 2:38am Apr 12, 2018 2:38am
[quote=Lavieestbele;10957279]HI all Hope you all had bagged them green pips i took the usdcad pair for my DEAD ZONE journey , it was a stressful day to say the least lol , my bias was long at that time of the day so: first trade +3 pips , second -8, third -11 and finally +49 so it was a green day at the end lol still struggling with closing the trade when it goes against me , fear and greed ...

You did well, fear is hard to contain..

your first 2 trades +3 and + 11 combined is 9 more than i aim for ..

that is exceedingly good.
If you are trading a method you will have minus trades and the good trades should compensate a loss.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,796
  • Apr 12, 2018 2:41am Apr 12, 2018 2:41am
Quoting kevin1959
{quote} just for clarification Lem the witching hour is Sydney open right ? and which one do you think is best Sydney open or Tokyo open ? thank you sir Hi Lem On a lot of pairs, it seems to move in one direction between 10.00pm and 12.00am gmt Thn at 12.00am moves in the opposite direction Regards Kev
Hi Kevin, it is good to see you notice things like that.

This info can be recorded in frequency distribution stats and maybe show you odds and probability of future trades.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,797
  • Apr 12, 2018 2:42am Apr 12, 2018 2:42am
Quoting kevin1959
Hi everyone Oil seems to be pushing through its daily and weekly highs. Seems to be a lot of space up to 106 ish. The three sell trades that I have on look a bit ugly, but I have been buying and taking the profits as well, ( practicing counter trading I think ) I'll reap the benefits when the prices come back down in a year or two lol Have a good day Regards Kev {image}
Yep, you got it. You can also extend that concept by say, for instance you are in one sell, then take a buy...that's giving you a floating loss. You can then take trades in either direction on top of that and nibble away at that floating loss (you never let those trades go negative). So long as you eventually go back to one v one, it will stay balanced.
  • #26,798
  • Apr 12, 2018 2:49am Apr 12, 2018 2:49am
i have bot running, Cable was naughty....and i have a counter running.

The short was almost identical to the Long
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,799
  • Apr 12, 2018 2:54am Apr 12, 2018 2:54am
Dax.... the 08-00 5 min bar break, Low triggered for a good handful .

and again i left it, good to see though
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26,800
  • Apr 12, 2018 2:57am Apr 12, 2018 2:57am
Red news for The EURO at 12:30 uk: ECB Monetary Policy Meeting Accounts
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