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Billytt Die happy trading e/j daily breakout
- #30,622
- Jun 17, 2018 4:01pm Jun 17, 2018 4:01pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,623
- Jun 17, 2018 4:24pm Jun 17, 2018 4:24pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,624
- Edited 6:15pm Jun 17, 2018 6:04pm | Edited 6:15pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,625
- Jun 17, 2018 6:17pm Jun 17, 2018 6:17pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,626
- Jun 17, 2018 11:10pm Jun 17, 2018 11:10pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,627
- Jun 17, 2018 11:33pm Jun 17, 2018 11:33pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
'Morning all.
There's been the usual Pre-KO Monday move from The Monster (which Pips may have bagged, he'll let us know in a while, no doubt). It's dropped short.
The problem for me, is that that probable entry level for him has now formed an
Z-Line and price tends to pull back to that level, before resuming the original direction.
''So what?'' you say, ''Just trade it, then.'' Well, yes, however my main method is still showing a Sell Bias - albeit a slightly weakening one.
If I run that, I'd be looking at a low breakout of my block and having the potential of an immediate reversal before my target is hit.
Now normally, that would be no big deal, I'd just hit the counter and get it back through the day - however, I am out mid-morning, so I'd have to leave it.
Ah well, we'll see.
Trade well, all.
There's been the usual Pre-KO Monday move from The Monster (which Pips may have bagged, he'll let us know in a while, no doubt). It's dropped short.
The problem for me, is that that probable entry level for him has now formed an
Z-Line and price tends to pull back to that level, before resuming the original direction.''So what?'' you say, ''Just trade it, then.'' Well, yes, however my main method is still showing a Sell Bias - albeit a slightly weakening one.
If I run that, I'd be looking at a low breakout of my block and having the potential of an immediate reversal before my target is hit.
Now normally, that would be no big deal, I'd just hit the counter and get it back through the day - however, I am out mid-morning, so I'd have to leave it.
Ah well, we'll see.
Trade well, all.
- #30,628
- Jun 17, 2018 11:36pm Jun 17, 2018 11:36pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,630
- Jun 18, 2018 12:14am Jun 18, 2018 12:14am
- Joined Dec 2016 | Status: Trader | 1,408 Posts
'Morning all. There's been the usual Pre-KO Monday move from The Monster (which Pips may have bagged, he'll let us know in a while, no doubt). It's dropped short. The problem for me, is that that probable entry level for him has now formed an
so missssssssed The Monster Mash entry, great movement south as I expected but hey I will not chase If I'm late at the Gate L.O.L. Great summary LEM its good to know how you visualize setting up I will be out most of the day so Green pips to all have a great day
- #30,631
- Jun 18, 2018 12:20am Jun 18, 2018 12:20am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,632
- Jun 18, 2018 12:37am Jun 18, 2018 12:37am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Sorry you missed that, Pips. You are absolutely right though - never, ever, chase The Monster.
As for me, well, I played it a little canny. I gave my overview above and with that in mind, I held fire on the initial blip North.
Now, it was a genuine blip...tiny move. Then it went negative and the obvious attraction was the pivot below. You can just see the edge of that level on the screen, marked as a small, red, line.
Price got to around that level and blipped down there for a couple of goes. This is also a typical Monster tactic, designed to sucker-punch those who try and chase the Short.
So, as I said, the picture was now becoming clear, the Monster's tactics there to see.
Once settled, I was initially looking for price to maybe blip down to the pivot one more time and I would have gone in Long there, hoping to maximise any move North - just in case there was simply a move back to the low of the large candle or so. However, the two we saw were it and so as it turned out, I got in at the level I would have been in at anyway - the WZ move Long back into the body.
This meant that I was aware of the loss of that original Long momentum (such as it was) and so I was ready to bail at the first sign of a stall.
That came and out I got.
As it turned out, all good, as I bagged just under my target +5%, with +4.5% and I am happy with that.
(As an aside, there was some additional info on the m15 and m5 timeframes as regards micro-S+D and that did help me to see where my trade boundaries were likely to be - and that was basically just below where I got in and just above where I got out).
DAX-Monster 06:00- 08:00 (Done WZ North - eventually). +4.5%
As for me, well, I played it a little canny. I gave my overview above and with that in mind, I held fire on the initial blip North.
Now, it was a genuine blip...tiny move. Then it went negative and the obvious attraction was the pivot below. You can just see the edge of that level on the screen, marked as a small, red, line.
Price got to around that level and blipped down there for a couple of goes. This is also a typical Monster tactic, designed to sucker-punch those who try and chase the Short.
So, as I said, the picture was now becoming clear, the Monster's tactics there to see.
Once settled, I was initially looking for price to maybe blip down to the pivot one more time and I would have gone in Long there, hoping to maximise any move North - just in case there was simply a move back to the low of the large candle or so. However, the two we saw were it and so as it turned out, I got in at the level I would have been in at anyway - the WZ move Long back into the body.
This meant that I was aware of the loss of that original Long momentum (such as it was) and so I was ready to bail at the first sign of a stall.
That came and out I got.
As it turned out, all good, as I bagged just under my target +5%, with +4.5% and I am happy with that.
(As an aside, there was some additional info on the m15 and m5 timeframes as regards micro-S+D and that did help me to see where my trade boundaries were likely to be - and that was basically just below where I got in and just above where I got out).
DAX-Monster 06:00- 08:00 (Done WZ North - eventually). +4.5%
- #30,633
- Jun 18, 2018 12:45am Jun 18, 2018 12:45am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
For those interested, the Z-Line move I mentioned also came good.
This is shown by the white marked lines, the higher shows the Z-Line itself and the lower is the highest point that you could have entered from as price dropped back away.
Nice move as it turns out - though I should add, not traded by me.
The Monster as a Z-Line play.
Z-Line move I mentioned also came good.This is shown by the white marked lines, the higher shows the Z-Line itself and the lower is the highest point that you could have entered from as price dropped back away.
Nice move as it turns out - though I should add, not traded by me.
The Monster as a Z-Line play.
- #30,634
- Jun 18, 2018 12:48am Jun 18, 2018 12:48am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
For those interested, the
You can also use the 50-Fib over the drop candle as an assist to the Z-Line for your entry and you can see how that worked perfectly here...
- #30,635
- Jun 18, 2018 12:52am Jun 18, 2018 12:52am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,638
- Jun 18, 2018 1:01am Jun 18, 2018 1:01am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
t 08-59
chart shows my modest daily range of 90
as i was copying it, Cable dropped and i got 6%.
That extra 1% will be used to offset a loss (maybe)
Hi = 13320 & Lo =13186
chart shows my modest daily range of 90
as i was copying it, Cable dropped and i got 6%.
That extra 1% will be used to offset a loss (maybe)
Hi = 13320 & Lo =13186
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,639
- Jun 18, 2018 1:05am Jun 18, 2018 1:05am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #30,640
- Jun 18, 2018 1:07am Jun 18, 2018 1:07am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.