{quote} Bingo, Claudia! {image}
Billytt Die happy trading e/j daily breakout
- #28,421
- May 16, 2018 8:47am May 16, 2018 8:47am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
- #28,423
- Edited 9:58am May 16, 2018 8:49am | Edited 9:58am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
- #28,425
- May 16, 2018 8:57am May 16, 2018 8:57am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
I am asking because my broker have different time from italy and london both, so i risk to confuse me
- #28,426
- Edited 9:21am May 16, 2018 8:58am | Edited 9:21am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} I think that we need also to add Mr T's UC method as well. Mr-T's UC method is The Dead Zone. As explained in one of the above posts. In detail.
Just to re-iterate -I am no expert -just and old plodder who uses other peoples ideas - ideas from people such as Mistress Claudia ( resident wine bar connoisseur and avid pip collector, ) William aka "Billy," door keeper and garden gnome injury expert, and Lem, another pip collector, sportsman who never sleeps and who is rumoured to be a creature of the night.
every Saint has a past. Every Sinner has a Future
- #28,427
- May 16, 2018 9:03am May 16, 2018 9:03am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Big Smile on this Mr B. have a great day goota go to the guy you don't want to upset DENTIST,,, aHHHHH. catch you later with numb mouth L.O.L.
- #28,428
- May 16, 2018 9:11am May 16, 2018 9:11am
- Joined Dec 2016 | Status: Trader | 1,408 Posts
{quote} Pips! I found your dentist! {image}
- #28,429
- May 16, 2018 9:13am May 16, 2018 9:13am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #28,430
- May 16, 2018 9:30am May 16, 2018 9:30am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
I'm off for a brew. All the excitement has made me thirsty. Be safe, all.
every Saint has a past. Every Sinner has a Future
- #28,432
- May 16, 2018 10:02am May 16, 2018 10:02am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} i cannot answer that , BUT you did it right, yaaaaaaaaaaaaaay
Thanks Billy 
- #28,433
- May 16, 2018 12:59pm May 16, 2018 12:59pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{image} I am asking because my broker have different time from italy and london both, so i risk to confuse me
The hour before US Open.
- #28,434
- May 16, 2018 1:04pm May 16, 2018 1:04pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Lem - Is this the form you filled in when you got back
Brew =
- #28,435
- May 16, 2018 5:42pm May 16, 2018 5:42pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Thank you very much LeMercenaire, now i have a complete view of the thread and the instruments for understand your screenshots and others users tradesI 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...
Right, points to be answered:
1: -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?
Yes, that's The Dead Zone and yes, I drop to a lower time-frame when I run it. However, not to enter...I don't have to - price is the same on all time-frames and I'm entering as price crosses a line.
I will drop down (usually to the m5 but also m1 and occasionally m15) but only when I am looking to exit and / or manage the open trades. I am looking at micro
Supply+Demand Zones, price-action, pivots etc for info on where price could potentially stall.
2: Can we trade the H1 DeadZone on any pair?
Technically, yes - but I wouldn't recommend it. I use a specific list of pairs (standing at 13, I think at the moment, up from the original 9) and these pairs were chosen after about 6 months of testing, as they all show a similar movement profile. Even among those 13, there are a handful that perform better than the others, Mr-T's favourite is UC, as you now know.
I will put together an updated list over the next day or so.
3: -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"?
In your example, once price breaks the High and assuming it doesn't make the +5 (and I don't take whatever it gave me), then I will enter a Counter Trade, usually as price enters the body of the candle. The loss is now a ''floating loss'' and is in limbo.
However, depending on the size of the Wick-Zone, I will possibly (probably) look to enter the counter earlier, on the break of an m5 or m15 candle and then enter my short trade at the body. This means I have a smaller floating loss. and am now already in an unbalanced hedge and beginning to unwind that hedge.
It is now up to me to decide when to close the original Long trade. Sorry but this is now into the territory of suck-it-and-see and is a matter of personal preference, skill level and risk tolerance.
The other alternative is to leave it locked off and enter a second trigger either as price leaves the other side of the Dead Zone range, or at the next major trigger, wherever or whenever that may come (could be the next Dead Zone tomorrow, if you wanted it to be). This is closer to Billy's style of doing things.
So long as you keep the number of trades balanced, you are fine. Once you start to unwind by going unbalanced (two one way, one the other for instance), then you simply close one for profit when you can and keep putting it back into a balanced hedge again.
Sorry, there is no easy workaround for this kind of trading. You simply have to rep, rep and rep again on demo (and I can't stress that enough...on DEMO) until you get it. This style of trading is not for everyone and there's no shame in that - but you need to try it before you buy it, I'm afraid, there is no shortcut.
4: -WickZones: I haven't understand the difference between WickZones and Deadzones.
Wick Zones exist on every candle. They are simply the areas formed by the wicks on either end of the candle body. The Dead Zone is a period in time, the H1 before the US open.
5: I'd like to see screenshots/trade of FrankenBreak EG Witching Hour Claudia’s method Dax wick zone
Well, I'll see what I can do. As mentioned before, I have had a few traders asking me about The FrankenBreak lately, so I will dig out some examples and info on that when I have a moment or two. I have been having some thoughts on tweaks to it and so I'll be playing around with some stuff first.
Ditto The Witching Hour (though that's simple enough, it's just like The Dead Zone but for the Midnight candle UK time - hence, ''The Witching Hour''
). That too developed an offshoot over the time of its development, which took in the hour before as well. One of the trades will be a continuation trade, one a reversal...usually, lol. It is pair specific to the EJ and EG, though we were using the S&P as well.Claudia's method is a move around the daily pivot. If you can't figure out what she's doing with that by looking at her echarts, then you shouldn't be trading it anyway.
My DAX Wick Zone method has screenshots every single day of the week. Can't really miss it. It's a huge, big, bitey, MONSTER of a thing.
It runs over the 06:00 - 08:00 period and is an extremely dangerous place to play. I really don't recommend getting on The Monster's back till you have a good few more miles under your belt, no offence.
Your call.
- #28,438
- May 16, 2018 6:15pm May 16, 2018 6:15pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} HA! I knew there was a post I hadn't answered yet! Sorry 'bout that, got lost in the crush. Right, points to be answered: 1: -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? Yes, that's The Dead Zone and yes, I drop to a lower time-frame when I run it. However, not to enter...I don't have to - price is the same on all time-frames and I'm entering as price crosses a line. I will drop down (usually to the m5 but also m1...
Good night
