Billytt Die happy trading e/j daily breakout | Page 1383 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #27,641
  • Apr 26, 2018 11:26pm Apr 26, 2018 11:26pm
Sorry I meant to add 67.67 is the next hurdle down which is S1 then 67.50
  • #27,642
  • Apr 27, 2018 12:55am Apr 27, 2018 12:55am
morning all.. t 06-55
Fri, last day of the week...
Cable.... My bias is long but that means nothing at the moment, i need the 04-00 4 bar to close and then of course the 08-00 15 bar..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,643
  • Apr 27, 2018 1:54am Apr 27, 2018 1:54am
DAX was trundling along in a small range. Eenie-meenie-minie-mo...

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Off we go, pre-KO...

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You'd still think the eventual move at the off may be more likely to be a drop - but it's The Monster...it's Friday...who knows.

We'll find out in 6 mins.
  • #27,644
  • Apr 27, 2018 2:02am Apr 27, 2018 2:02am
ding ding, t 08-02
lets see how the Dax 08-00 5 minute bar break goes.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,645
  • Apr 27, 2018 2:18am Apr 27, 2018 2:18am
Dax 08-00 5 min bar break FAILED..

Cable 08-00 15 min bar break which i am trading , i am short
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,646
  • Apr 27, 2018 2:23am Apr 27, 2018 2:23am
t 08-21

Cable, short closed for 5% .
My day is ended lol..
gf is going away for the weekend to a retreat for meditation and finding inner peace, yeah right lol.
i will iron and tend to her animals lol.

trade well all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,647
  • Apr 27, 2018 2:29am Apr 27, 2018 2:29am
Well, got the Short entry I was expecting - I don't care if it was short-lived, so long as it dropped far enough to bag the percents for me...and it did, easily...

DAX-Monster 06:00 - 08:00 (Done WZ Short into the Body) +5% +++
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5-Min detail on that entry...
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  • #27,648
  • Apr 27, 2018 2:34am Apr 27, 2018 2:34am
One of the things that gave me pause for a sustained Short move, was that on the last H1 bar (the second of the 2-Bar block), I was looking at an Engulfing Bar and so would be looking at that to give a continuation move Long.

As it turned out, that's what happened...

Attached Image
  • #27,649
  • Apr 27, 2018 2:39am Apr 27, 2018 2:39am
Quoting lemercenaire
One of the things that gave me pause for a sustained Short move, was that on the last H1 bar (the second of the 2-Bar block), I was looking at an Engulfing Bar and so would be looking at that to give a continuation move Long. As it turned out, that's what happened... {image}
That Engulfing Bar...

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  • #27,650
  • Apr 27, 2018 2:43am Apr 27, 2018 2:43am
How the land lies after the initial skirmish...

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  • #27,651
  • Apr 27, 2018 2:49am Apr 27, 2018 2:49am
Well, folks, I'm probably going to call it there for the day. Not going to start scalping, as I will get a run going and I want to get out-and-about today (the sun is shining!).

We'll see - but for now, I'm going to leave you to it.

Trade well all who stick around.
  • #27,652
  • Apr 27, 2018 2:52am Apr 27, 2018 2:52am
Quoting lemercenaire
{quote} That Engulfing Bar... {image}
you just reminded me Lem,

i was looking at inside/outside bar on Dax several weeks ago on different time frames but put it on hold.
i will look into it again,..
i know inside /outside bars are very good on the daily and 4 hour.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,653
  • Apr 27, 2018 2:59am Apr 27, 2018 2:59am
Quoting billytt
morning all.. t 06-55 Fri, last day of the week... Cable.... My bias is long but that means nothing at the moment, i need the 04-00 4 bar to close and then of course the 08-00 15 bar..
The 00-00 4 bar.. High broke then retraced to break Low. the 04-00 4 bar low broke ,
ALL OF THAT MEANT SOMETHING,,, and the 08-00 15 bar was in play..... stats ar.e good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,654
  • Apr 27, 2018 3:07am Apr 27, 2018 3:07am
Quoting billytt
{quote} you just reminded me Lem, i was looking at inside/outside bar on Dax several weeks ago on different time frames but put it on hold. i will look into it again,.. i know inside /outside bars are very good on the daily and 4 hour.
Rock solid.

H1 still worth paying attention to as well, especially if you have something else to back the play.
  • #27,655
  • Apr 27, 2018 3:42am Apr 27, 2018 3:42am
Quoting lemercenaire
{quote} Rock solid. H1 still worth paying attention to as well, especially if you have something else to back the play.
most definitely,
The reason i very very rarely use 1 hour inside/outside bars is inconsistency.
But like you say if you have something else to back play. use it.

But i do have a feeling with Dax and lower time frame, i will hopefully check it out...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #27,656
  • Apr 27, 2018 6:04am Apr 27, 2018 6:04am
Quoting billytt
{quote} most definitely, The reason i very very rarely use 1 hour inside/outside bars is inconsistency. But like you say if you have something else to back play. use it. But i do have a feeling with Dax and lower time frame, i will hopefully check it out...
Only Reason i dont have ago on the Dax is, min lot size is 1 lot on my broker, is that normal ??
  • #27,657
  • Apr 27, 2018 6:32am Apr 27, 2018 6:32am
Quoting montego
{quote} Only Reason i dont have ago on the Dax is, min lot size is 1 lot on my broker, is that normal ??
We use spread-bet firms. That means we trade a stipulated cash amount...ie, we will bet £20 or £100, or whatever, per pip movement.
  • #27,658
  • Apr 27, 2018 6:36am Apr 27, 2018 6:36am
Quoting montego
{quote} Only Reason i dont have ago on the Dax is, min lot size is 1 lot on my broker, is that normal ??
The main reason stopping traders trading the DAX, the ES, or similar markets, is that outside of spread-betting firms, there is normally a requirement for a minimum account size, say £50,000 before you are able to trade it.
  • #27,659
  • Apr 27, 2018 6:54am Apr 27, 2018 6:54am
Good call leaving The DAX today. The smallest range in donkey's - outside of stupid Sunday ''bars''. Back to the sunshine.
  • #27,660
  • Apr 27, 2018 7:01am Apr 27, 2018 7:01am
Well, OK then...

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