{quote} Could be interesting. Stay alert for "dead zone" and "Wick zone" on CAD
every Saint has a past. Every Sinner has a Future
Billytt Die happy trading e/j daily breakout
- #28,342
- May 15, 2018 11:12am May 15, 2018 11:12am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #28,343
- May 15, 2018 11:16am May 15, 2018 11:16am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
whats that song I FEEL GOOD, la la la la la la la... a couple of my boys are visiting me for a few days, sight seeing, take in the sea air and visit a couple of guys who want me to trade for them. lol They are not traders...
every Saint has a past. Every Sinner has a Future
- #28,350
- May 15, 2018 1:18pm May 15, 2018 1:18pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} I don't get the point... what and how are you trading now..? Which bar? Is this another method that has nothing in common with daily max/min and m15 8:00 am candle?
Over time, it has morphed, as it has attracted a motley crew of reprobates and brigands who like to sail under Cap'n Bill's black flag, into a kind of journal of ideas and concepts, free from the usual FF thread BS, where we can hang out and chew the fat.
Most, though not all, methods used here share a lot of the same DNA and have grown organically from the original concept over time.
Like has attracted like, with other like-minded souls finding their way here, more often than not, through word-of-mouth or introduction from one of the shipmates already here and Billy is gracious enough to give us a home.
As such, the method that Mr-T is using there is my Dead Zone (though I say ''my'' method only in the sense that I introduced it here via my friend TooSlow's suggestion and built it up over time using what we call ''Alien Technology'').
All of my methods used here are actually all using the base technique known as Wick-Zone. This is the main way in which my trade management differs from Billy's.
What this boils down to is that price wants to leave the Wick Zones of a candle and I take advantage of this to give me an edge along with Supply+Demand, pivots and other herbs and spices.
So, back to the specifics of The Dead Zone and what this takes advantage of is the ''dead air'' in the hour before the US Open. I take the High, Low, Open and Close of that H1 candle and extend the levels out into the day. I then trade the movement of price as it crosses over those levels.
As examples from the UC set-up today, we would have had:
1: The move back into the body of the candle. This is my own personal trade preference.
2: The break outside of the range.
3: If price dropped all the way out, we can trade back into the body again from below. Again, out of the WZ.
There is also a fourth addition, that of a break out of the range low, however in this particular case, you would not have price get there without first having triggered the move back into the body.
The other line on the block, is the range mid-line. This is not so important any more but can be used as an add-in point for an open trade, or even as a late entry, as price tends to pivot around this line before continuing on.
Mr-T doesn't use this indicator, however the method is this one.
Hope that helped in some way.
I have been asked a few times lately - and in the past - if it would be possible to put together a kid of round-up post on the specifics of The Dead Zone, so this I guess was as good an opportunity to do so as any other.
- #28,351
- May 15, 2018 2:16pm May 15, 2018 2:16pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #28,354
- Edited May 16, 2018 11:13am May 15, 2018 4:38pm | Edited May 16, 2018 11:13am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} What you have to realise is that this thread, having been banished to the Commercial Content section of the FF Universe, is not a single ''method'' thread at all any more. Over time, it has morphed, as it has attracted a motley crew of reprobates and brigands who like to sail under Cap'n Bill's black flag, into a kind of journal of ideas and concepts, free from the usual FF thread BS, where we can hang out and chew the fat. Most, though not all, methods used here share a lot of the same DNA and have grown organically from the original concept...
Thank you very much LeMercenaire, now i have a complete view of the thread and the instruments for understand your screenshots and others users trades
I appreciated it a lot ; Only now i am understanding the great potential of this thread (and of the traders here), thank you all guys.I have a couple of questions regarding the DeadZone:
-When you trade "your" own method based on a H1Candle levels before NY Open (or DeadZone if i am correct) do you drop in a minor timeframe like m15? Or you do all in H1?
-Can we trade the H1 DeadZone on any pair?
-What if the price break the high and you buy, then it re-enter in the body, so you sell, and then break the low and re-enter in the body? (so you buy) Basically the dynamic of the screenshots; If you wouldn't take profit you would taked all 3 types of trades.
So the question is: when do you take profit for avoid all this "rollercoaster"?
-WickZones:
I haven't understand the difference between WickZones and Deadzones.
Deadzones= H1 candle before NY Open. So in Italy the 13:00 Candle
Wickzones= ?
I'd like to see screenshots/trade of
FrankenBreak EG
Witching Hour
Claudia’s method
Dax wick zone
Thank you very much for your patience and sorry for the questions, but i am very curious to understand
Cheers and green pips
- #28,355
- May 15, 2018 4:54pm May 15, 2018 4:54pm
- Joined Mar 2017 | Status: Trader | 2,054 Posts
{quote} Methods through the thread: EJ Daily Break AU H4 04:00 - 08:00 Break GU m15 08:00 - 08:15 Claudia's GU Sell-Fest (Break from Contraction). Available on other suitable pairs. Will occasionally go long. FrankenBreak EG (Break from Pre-Frankfurt Contraction - m15) Now sidelined as overlaps The DAX am play. DAX 06:00 - 08:00 Wick-Zone Dead Zone (See above post) Witching Hour (Dead Zone variant over 00:00 uk time) Specific to EJ and EG. Over and above these core methods, there are subtleties and freelanced moves, wheels-within-wheels, as and...
- #28,357
- May 16, 2018 1:20am May 16, 2018 1:20am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #28,358
- May 16, 2018 1:20am May 16, 2018 1:20am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} You forgot Claudia's Pivot trading that goes along with her "sell fest" LOL. Great explanation as always Lem. Like I always say....you are BY FAR the 2nd best forex trader and instructor in your family!
.
- #28,359
- May 16, 2018 1:25am May 16, 2018 1:25am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
What a muppet! Note to self...don't rest your finger on the BUY button when you don't want to buy...Harumph! Hi Lem That's strange. I did exactly the same thing yesterday. I was selling euro/usd, adding on as the price went down, but using my phone as I was at work. Ended up selling USD/JPY, and never even realised until I got home. Regards Kev
.Still have to go some to beat me trading off my DAX Diff-chart when I thought I was trading the DAX, all the while wondering why it was moving slower than usual!
- #28,360
- May 16, 2018 1:27am May 16, 2018 1:27am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Pretty Maids all in a Row...
