Disliked{quote} Your pivot levels are different to mine. Don't suppose it makes much difference.Ignored
Could we drop to m1-m5 and trade with a 5 pips tp if price close above/below DP? It does make sense to you?
Billytt Die happy trading e/j daily breakout
- #28,485
- Edited 7:41am May 17, 2018 6:23am | Edited 7:41am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
- #28,488
- May 17, 2018 6:34am May 17, 2018 6:34am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
For today i'm done EJ breakout + 5 pipsI didn't traded GU because the candle was too big I feel (good la la la la la la la) comfortable with: UC DeadZone GU 8:00 - 8:15 EJ Daily Breakout. AND (drumrolls) With "my" last-h4-candleoftheweek-breakoutmethod here explained. I'm still studying it for improve, so, all thoughts are welcome. First, i think we should select specific pairs. You can do the same game, also with (drumrolls) last-D1-candleofthemonth with 25 pips tp {image} {image}
.
- #28,490
- May 17, 2018 6:36am May 17, 2018 6:36am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Nice setup for someone traveling often. I wonder how people will look at you if you decide to use this at your local coffee shop
- #28,492
- May 17, 2018 6:41am May 17, 2018 6:41am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Hi everyone, just closed this on cable 1H It looks like a losing trade, but its not what happened was i got into trouble with a trade and it was about -15 pips near the MS1 yesterday, then it went busy at work so i had to leave the computer so i hedged it, and put a TP on the DR2, then when i got up this morning the DR2 trade had hit TP at +83 pips, then i just rode it back to the Daily Pivot Claudia Style. So Buy Trade was +83 pips - the16 pips i lost when i closed = + 67 pips .. Now i say i closed it - thats not 100% the truth, as ive hedged it...
.Outstanding job.
- #28,493
- May 17, 2018 6:50am May 17, 2018 6:50am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
{quote} Unless I am mistaken (I often am!) the set up candle is the 1hr candle before NY open (the dead zone being that 1 hour before NY when the markets tend to go into limbo). We then trade off that 1 hour candle.
My fault. I tend to confusing times.
Lem said 1hr before NY Open, talking about Italy time, here NY Open at 14:00 and here the 13:00 candle already closed 49 minutes ago, but in London now are the 12:49, so your candle's deadzone opens at 14:00 Italian time; i must trade the breakout of the 14:00 candle italian time if you are right, Pent.
For not let it happen again, i have opened an internet window with the London clock
- #28,494
- May 17, 2018 6:52am May 17, 2018 6:52am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
@ Lem - would love to see this back to d/p and t/l area make for some 13.30 selling. {image}
On the H1, it's a bit messy at first glance but that Supply Zone will get blown through without too much effort. That would give a target of 28575.
It's a lot clearer on the H4. Showing a target of 28676, still achievable in a day.
Dropping a fib over that adds an interesting intermediate level at 28261...
That 50-Level on the H1...
Interestingly enough, when you look at that fib overlay on the H1 there, you can see that the 62.0 actually comes into play...
Buckle up boys...this is gonna' be fun...
- #28,498
- May 17, 2018 7:00am May 17, 2018 7:00am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} My fault. I tend to confusing times. Lem said 1hr before NY Open, talking about Italy time, here NY Open at 14:00 and here the 13:00 candle already closed 49 minutes ago, but in London now are the 12:49, so your candle's deadzone opens at 14:00 Italian time; i must trade the breakout of the 14:00 candle italian time if you are right, Pent. For not let it happen again, i have opened an internet window with the London clock
