Billytt Die happy trading e/j daily breakout | Page 1593 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #31,841
  • Jul 24, 2018 2:20am Jul 24, 2018 2:20am
t 08-19 i should be going Long at 13110 but if it breaks i am going to hang on..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,842
  • Jul 24, 2018 2:26am Jul 24, 2018 2:26am
Cat says DOWN meeeeeeeeeeeeeeeeeeeeeeeow
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,843
  • Jul 24, 2018 2:29am Jul 24, 2018 2:29am
Well, I didn't practice what I preached...

Nothing changed in what I was seeing but when I logged onto my live broker, that chart showed a simplified scene and two things jumped out. A gap down between my two 1-Hr candles that hadn't been filled yet and a pivot below.

I didn't play it as a pure WZ Monster entry however, simply because of all that other conflicting mass of info. I waited till price dropped away and through the pivot and even when it bounced and crossed back through, I still hung fire and didn't actually enter until I got a momo move up from there.

Got my +5% and out of there.

The yellow lines show the pure entries for the WZ and the Pivot. The white is my actual entry (based on the m5 chart). Got in at 12601.4

Attached Image (click to enlarge)
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As you can see, price did move on for a lot more...

Attached Image (click to enlarge)
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...but sure enough, the conflicting emotions came back into play and it reversed all the way back before you could say, ''Mmmmm, that's interesting. Perhaps I should close that long trade.''

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster06.00-08.00July24th18-andbackagain-crop.png Size: 29 KB


Classic.

Sorry I didn't have the time to jump back on and let you know what I was thinking before going in.
  • #31,844
  • Jul 24, 2018 2:32am Jul 24, 2018 2:32am
Quoting Pipradar
{quote} Very large candle at this time on Cable mmm.
It still would of been good with a straight break and off a retrace trace which i was going to do lol.
That 08-00 bar range was too big for me.
some you win and some you lose.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,845
  • Jul 24, 2018 2:32am Jul 24, 2018 2:32am
Quoting lemercenaire
Well, I didn't practice what I preached... Nothing changed in what I was seeing but when I logged onto my live broker, that chart showed a simplified scene and two things jumped out. A gap down between my two 1-Hr candles that hadn't been filled yet and a pivot below. I didn't play it as a pure WZ Monster entry however, simply because of all that other conflicting mass of info. I waited till price dropped away and through the pivot and even when it bounced and crossed back through, I still hung fire and didn't actually enter until I got a momo move...
nice one
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,846
  • Jul 24, 2018 2:36am Jul 24, 2018 2:36am
Quoting billytt
{quote} nice one
Cheers, Billy. Time for a brew. Back later.
  • #31,847
  • Jul 24, 2018 2:52am Jul 24, 2018 2:52am
[quote=lemercenaire;11291815]Well, I didn't practice what I preached...
Great result Lem, thanks for the Summary this really helps.
  • #31,848
  • Jul 24, 2018 2:55am Jul 24, 2018 2:55am
Quoting billytt
{quote} It still would of been good with a straight break and off a retrace trace which i was going to do lol. That 08-00 bar range was too big for me. some you win and some you lose.
Yeh , I agree Mr B that bar was tooooo Big, for little ole me. L.O.L.
  • #31,849
  • Jul 24, 2018 3:10am Jul 24, 2018 3:10am
Cable 8 am.....I lost four pips when red bar retraced into body then took another bite on green bar leaving wick of trigger 8 am bar. Ended up plus six having bailed as soon as I got back into positive territory. Fear still gets in the way sometimes.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #31,850
  • Jul 24, 2018 3:16am Jul 24, 2018 3:16am
Quoting turnip15
Cable 8 am.....I lost four pips when red bar retraced into body then took another bite on green bar leaving wick of trigger 8 am bar. Ended up plus six having bailed as soon as I got back into positive territory. Fear still gets in the way sometimes. {image}
Well played ,T, you had the mindset to turn that loss into a win, facing the fear can get you sometimes great job.
  • #31,851
  • Jul 24, 2018 3:39am Jul 24, 2018 3:39am
Phew ! So hot! Oi- dog, get your own ice cream !
Attached Image
every Saint has a past. Every Sinner has a Future
  • #31,852
  • Jul 24, 2018 4:12am Jul 24, 2018 4:12am
Quoting billytt
~~ A/U , High broke and it kept going .. A/U actually has good stats , if the 00-00 4 hour bar breaks, it normally keeps going in that direction.
That's been my view from shorter term observations. Or at least if is to be reversed it's more likely to be by NY rather than London.

Will be interested in the results of your testing.
Good Trading
  • #31,853
  • Jul 24, 2018 5:33am Jul 24, 2018 5:33am
Quoting turnip15
Cable 8 am.....I lost four pips when red bar retraced into body then took another bite on green bar leaving wick of trigger 8 am bar. Ended up plus six having bailed as soon as I got back into positive territory. Fear still gets in the way sometimes. {image}
Thats the way Mr T....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,854
  • Jul 24, 2018 5:36am Jul 24, 2018 5:36am
Quoting aud
{quote} That's been my view from shorter term observations. Or at least if is to be reversed it's more likely to be by NY rather than London. Will be interested in the results of your testing.
hi, A/U was my favourite at one time, trading the 04-00 4 hour bar break.

My Testing right now is mainly based off the 00-00 4 hour bar retrace, then my colleague asked me to Test it too and i actually trade the first break too, but that is not for this thread.
i will keep you all posted referring to the retrace trade..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,855
  • Jul 24, 2018 5:58am Jul 24, 2018 5:58am
Quoting billytt
{quote} hi, A/U was my favourite at one time, trading the 04-00 4 hour bar break. My Testing right now is mainly based off the 00-00 4 hour bar retrace, then my colleague asked me to Test it too and i actually trade the first break too, but that is not for this thread. i will keep you all posted referring to the retrace trade..
BILLY - Is this the AU set up you refer to or have I drawn it incorrectly ( I used a one hour chart) ?
Thanks.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #31,856
  • Jul 24, 2018 6:27am Jul 24, 2018 6:27am
Well, The Monster woke up and rolled over in its sleep...

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https://www.forexfactory.com/news.php?do=news&id=797086
  • #31,857
  • Jul 24, 2018 6:29am Jul 24, 2018 6:29am
Quoting turnip15
{quote} BILLY - Is this the AU set up you refer to or have I drawn it incorrectly ( I used a one hour chart) ? Thanks. {image}
Mr T.
A/U.. I went off the 00-00 4 hour bar Low,,, we had retrace and i also went off the 00-00 4 hour bar High, i do have counters running.
I am Testing it, it is working but i would never trade like this for myself.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,858
  • Jul 24, 2018 7:56am Jul 24, 2018 7:56am
A day that mirrored yesterday in a lot of ways. Wait patiently and take it when it comes. In this case, not exactly a Dead Zone trade but using the same time slot.

Took a quick bag off The Monster's back - long bias. Didn't want to hang about for any length of time as we had pretty much reached the ceiling and nobody wants to be ''that guy'', burned because you try and squeeze one last pip out of a move.

In at the mark, out at the touch of Supply Zone.

Attached Image (click to enlarge)
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Done for the day.

Be safe and trade well all who stick around.
  • #31,859
  • Jul 24, 2018 8:53am Jul 24, 2018 8:53am
And the CAD "Dead Zone"
Bounces off Pivot level support in addition to main trigger of breaking high for five plus pips.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #31,860
  • Jul 24, 2018 11:06am Jul 24, 2018 11:06am
Funny day with Cable.
Did you notice that 00-00 4 hour bar. lo broke the it broke Hi, A RETRACE BREAK. i say no more.....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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