Billytt Die happy trading e/j daily breakout | Page 1414 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #28,261
  • May 15, 2018 2:06am May 15, 2018 2:06am
GBP/USD tp +5 pips

I have huge spreads on this broker... i must change it. My net profit is 4 pips but GU has definetely moved 6 pips
  • #28,262
  • May 15, 2018 2:14am May 15, 2018 2:14am
Quoting MrGreen95
GBP/USD tp +5 pips I have huge spreads on this broker... i must change it. My net profit is 4 pips but GU has definetely moved 6 pips
Yikes! Yep, time to haul ass somewhere decent.
  • #28,263
  • May 15, 2018 2:26am May 15, 2018 2:26am
Well, there ya' go. All good.

Pre KO told you everything you needed to know was coming. Price trapped tight between two pretty solid S+D Zones.

With that and PA alone, I was looking for a long move at least initially.

One caveat was that price closed below the pivot on the H1 and that would look to give a short move at some point. What I then wanted was for price to make the initial retrace move into that for my long entry. So long as it didn't go before KO, lol.

Anyway, it all went fine. There was a small gap and even though I went in on the ''B'' of ''Bang'', there was still a small amount of slippage. All expected and no big deal.

On the chart, I have marked the text-book entry in the usual yellow and my actual entry (roughly) in white.

No matter, I bagged the +5% with no real drama in the blink of an eye and that was that.

DAX 06:00 - 08:00 (Done WZ Long back into the body). +5%
Attached Image (click to enlarge)
Click to Enlarge Name: InkedInkedDAX-Monster06.00-08.00May15th18crop_LI.jpg Size: 881 KB


Once all that was done, The Monster showed its petulant side and confirms my pre-KO thoughts about the S+D issue. Price just bounces continuously up and down between one and the other of the zones...

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-movingon08.07May15th18crop.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DAX-movingon08.12May15th18crop.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DAX-movingon08.20May15th18crop.png Size: 18 KB


Just The DAX being The DAX. All fun in the sun!
  • #28,264
  • May 15, 2018 2:29am May 15, 2018 2:29am
Boooooooom!!!!

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-BOOOOM1thMay18.png Size: 19 KB
  • #28,265
  • May 15, 2018 2:31am May 15, 2018 2:31am
Just for information's sake. Here's how it looked pre-KO, with price stuck between those two zones...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1asLongProbPreKO15thMay18.png Size: 33 KB
  • #28,266
  • May 15, 2018 2:33am May 15, 2018 2:33am
Quoting lemercenaire
Just for information's sake. Here's how it looked pre-KO, with price stuck between those two zones... {image}
Now we have it moving back towards the DPV and out of the Lower Daily WZ...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1nowheadingbacktopivotandoutofLowerDWZ15thMay18.png Size: 44 KB
  • #28,267
  • May 15, 2018 2:36am May 15, 2018 2:36am
t 08-35

i am short with Cable....

we have news at 09-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,268
  • May 15, 2018 2:47am May 15, 2018 2:47am
t 08-46

5% made... i started thinking it was playing..
Really we could of done with a loss to show new comers we can Fail.......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,269
  • May 15, 2018 2:50am May 15, 2018 2:50am
Quoting billytt
t 08-46 5% made... i started thinking it was playing.. Really we could of done with a loss to show new comers we can Fail.......
Yeah, it was a nice push. Could get a quick 1-2-3 out of it, or even a HOLO - but it's just as likely to be a set-up to catch the unwary in the lead up to the news.
  • #28,270
  • May 15, 2018 2:51am May 15, 2018 2:51am
Bought a couple of punnets of strawberries from a local farm on Sunday. Just finished the last of them, lol. They were kinda' nice
  • #28,271
  • May 15, 2018 2:52am May 15, 2018 2:52am
Quoting billytt
t 08-46 5% made... i started thinking it was playing.. Really we could of done with a loss to show new comers we can Fail.......
lol....it played around and i thought it was headed for a loss...was already preparing my hedging trade and it shot downwards very fast.....nice first trade ...am wondering if 5pips is the absolute limit or we can try for 10
  • #28,272
  • May 15, 2018 2:53am May 15, 2018 2:53am
Right - I'll keep one eye on GU for a bit but I am off for now. Back for any action around The Dead Zone.

Trade well, all.
  • #28,273
  • May 15, 2018 2:54am May 15, 2018 2:54am
Quoting Inception12
{quote} lol....it played around and i thought it was headed for a loss...was already preparing my hedging trade and it shot downwards very fast.....nice first trade ...am wondering if 5pips is the absolute limit or we can try for 10
You can always close a % at +5 and move a sl into +1 and let the rest run.

Hi everyone btw
  • #28,274
  • May 15, 2018 2:55am May 15, 2018 2:55am
Quoting Inception12
{quote} lol....it played around and i thought it was headed for a loss...was already preparing my hedging trade and it shot downwards very fast.....nice first trade ...am wondering if 5pips is the absolute limit or we can try for 10
+5 is what we aim for but take what it gives you without giving any of the +5 back.

Don't get greedy - we don't do Traders' Remorse here.
  • #28,275
  • May 15, 2018 2:56am May 15, 2018 2:56am
Quoting Pent56
{quote} You can always close a % at +5 and move a sl into +1 and let the rest run. Hi everyone btw
P56!!!!!! Welcome home, buddy!
  • #28,276
  • May 15, 2018 2:56am May 15, 2018 2:56am
Quoting Inception12
{quote} lol....it played around and i thought it was headed for a loss...was already preparing my hedging trade and it shot downwards very fast.....nice first trade ...am wondering if 5pips is the absolute limit or we can try for 10
my stats are for 10,
my stats are based on Frequency Distribution,
we can live on 5 points quite easily.
once you start getting 10 you then want 20 blah blah.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,277
  • May 15, 2018 2:56am May 15, 2018 2:56am
Quoting Inception12
{quote} lol....it played around and i thought it was headed for a loss...was already preparing my hedging trade and it shot downwards very fast.....nice first trade ...am wondering if 5pips is the absolute limit or we can try for 10
How it looked
Attached Image
  • #28,278
  • May 15, 2018 2:56am May 15, 2018 2:56am
Quoting lemercenaire
{quote} +5 is what we aim for but take what it gives you without giving any of the +5 back. Don't get greedy - we don't do Traders' Remorse here.
well said, you beat me to it.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,279
  • May 15, 2018 2:57am May 15, 2018 2:57am
Quoting Inception12
{quote} How it looked {image}
and that was it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #28,280
  • May 15, 2018 3:00am May 15, 2018 3:00am
i was going to say,
Today was a good example.

we had a break and then a retrace, WE CAN TRADE THE RETRACE..

if it loses we lose less, but if it wins we can win the 5 + the retrace amount
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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