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Billytt Die happy trading e/j daily breakout

  • #32,281
  • Edited 2:10am Aug 14, 2018 1:35am | Edited 2:10am
Morning Guys, Lem Dax Monster bout today. . Monster in range as yesterday, Open to gap down but above, micro support, which caused me to hesitate to go long because there was a Resistance just above and I new I had to be quick in and out,. Ahhh got in late and lucky for me the Monster was determined to break the resistance and Pip bagged a nice 5 points yaaaaaaay all is good. Now breaky.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M1 14Aug Buy =5points Price gap down above microsupport =I hesitated late entry into MicroR.png Size: 34 KB
  • #32,282
  • Aug 14, 2018 1:43am Aug 14, 2018 1:43am
Cable this morning, Took a long at the 00-00 break hi, but I was aware of close resistance above, similar to the Dax Monster. so in and out took 3 points, so happy , price broke up and money on the table L.O.L. BUT ALL GOOD, I found yesterday very frustrating to say the least ughhhh, got square eyes in the end. L.O.L.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 00-00 break hi +3points micro resistance was above got broken for +% money on table.png Size: 66 KB
  • #32,283
  • Aug 14, 2018 1:59am Aug 14, 2018 1:59am
Good morning, all. Well done nabbing that this morning, Pips.

The bias is mixed today - price is sitting in an area of Demand on the big timeframes. Looking down at the small day action, it's a weak Long signal overall, I'd say. 12462 shows potential for a rebound if price makes it that high. That may be my play for today, as I missed Pip's time-slot. That for me was a quick long around 07:10 (the original jump was nice but actually wouldn't have triggered for me unless I was going extremely aggressive on my entry) Though having looked again, you could have entered as an Z-Line entry off the 5 min candle previous to that, so that would have added a lot of confidence. Looks like that move has just about come to an end.

Have fun!
  • #32,284
  • Aug 14, 2018 2:05am Aug 14, 2018 2:05am
Lol...so much for that.

I had the set-up to go Long. The move I mentioned didn't in fact close out, so we had a continuation on that to help us.

Ready...steady...oh **** it's gone .

Simply too fast for human trigger-fingers to catch.

Attached Image (click to enlarge)
Click to Enlarge Name: Inked.DE30.M5missedthemoveintheblinkofaneye14thAug18_LI.jpg Size: 391 KB


Looks like I'll be playing that rebound if it comes, ha ha.
  • #32,285
  • Aug 14, 2018 2:15am Aug 14, 2018 2:15am
Quoting lemercenaire
Lol...so much for that. I had the set-up to go Long. The move I mentioned didn't in fact close out, so we had a continuation on that to help us. Ready...steady...oh **** it's gone . Simply too fast for human trigger-fingers to catch. {image} Looks like I'll be playing that rebound if it comes, ha ha.
Hi Lem, great to see you back here, hope all is good. Great summary for the Monster TODAY, yesterday for me,,, was,,, ughhhhh!! twists and turns nooks and cranny's L.O.L. see how today turns out.
  • #32,286
  • Aug 14, 2018 2:21am Aug 14, 2018 2:21am
Staying down at the sharp end, there was an 50-Line entry on that candle...

Attached Image (click to enlarge)
Click to Enlarge Name: Inked.DE30.M5oramicro-Z-Linemove14thAug18_LI.jpg Size: 407 KB


Then another on the next for a nice double-hitter...

Attached Image (click to enlarge)
Click to Enlarge Name: Inked.DE30.M5andsecondZ-LineEntry14thAug18_LI.jpg Size: 420 KB


I got neither of them, however, as I was posting over here, lol.
  • #32,287
  • Aug 14, 2018 2:25am Aug 14, 2018 2:25am
Quoting Pipradar
{quote} Hi Lem, great to see you back here, hope all is good. Great summary for the Monster TODAY, yesterday for me,,, was,,, ughhhhh!! twists and turns nooks and cranny's L.O.L. see how today turns out.
Cheers, Pips. I forced myself to keep the computers parked fully in the ''off'' position yesterday, so no idea how things looked. I'll no doubt have a wander around the day as things move on today.
  • #32,288
  • Aug 14, 2018 2:29am Aug 14, 2018 2:29am
Might get a bounce entry here in the next two minutes.
  • #32,289
  • Aug 14, 2018 2:36am Aug 14, 2018 2:36am
Quoting lemercenaire
Might get a bounce entry here in the next two minutes.
Yep...got my five...near enough.

The micro-Supply Zone had formed above, so I knew exactly what I had to play with and when I had to get out.

Attached Image (click to enlarge)
Click to Enlarge Name: Inked.DE30.M5nippedahandful14thAug18-crop_LI.jpg Size: 637 KB


That keeps me happy. I can now take or leave the wait for any possible later rebound play.
  • #32,290
  • Aug 14, 2018 2:42am Aug 14, 2018 2:42am
You could have played the dip into Supply off that there - just always bearing in mind that you'd be going against the Long Bias...

Attached Image (click to enlarge)
Click to Enlarge Name: Inked.DE30.M5couldhaveplayedthedipintosupplybutagainstthelongbias14thAug18-crop_LI.jpg Size: 632 KB


Not for me today - just for info's sake.
  • #32,291
  • Aug 14, 2018 2:44am Aug 14, 2018 2:44am
Quoting lemercenaire
{quote} Yep...got my five...near enough. The micro-Supply Zone had formed above, so I knew exactly what I had to play with and when I had to get out. {image} That keeps me happy. I can now take or leave the wait for any possible later rebound play.
Great play Lem, I was L.O.L. AND with you in spirit..
No more trades for me at this time, I have to be somewhere soon will be away for an hour or so,for now watching
  • #32,292
  • Aug 14, 2018 2:44am Aug 14, 2018 2:44am
Right, breakfast time. One eye will stay on how high The Monster climbs but for now, that's me for the morning. Back later.
  • #32,293
  • Aug 14, 2018 2:45am Aug 14, 2018 2:45am
Quoting Pipradar
{quote} Great play Lem, I was L.O.L. AND with you in spirit.. No more trades for me at this time, I have to be somewhere soon will be away for an hour or so,for now watching
Catch you later, Pips.
  • #32,294
  • Aug 14, 2018 2:54am Aug 14, 2018 2:54am
Quoting lemercenaire
{quote} Catch you later, Pips.
  • #32,295
  • Aug 14, 2018 7:23am Aug 14, 2018 7:23am
Quoting lemercenaire
Good morning, all. Well done nabbing that this morning, Pips. The bias is mixed today - price is sitting in an area of Demand on the big timeframes. Looking down at the small day action, it's a weak Long signal overall, I'd say. 12462 shows potential for a rebound if price makes it that high. That may be my play for today, as I missed Pip's time-slot. That for me was a quick long around 07:10 (the original jump was nice but actually wouldn't have triggered for me unless I was going extremely aggressive on my entry) Though having looked again, you...
Looking down at the small day action, it's a weak Long signal overall, I'd say. 12462 shows potential for a rebound if price makes it that high

Well that worked out well.

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H4thatreboundcalltothepip14thAug18.png Size: 37 KB


Managed to line up as a perfect 1-2-3 as well, so a multi-method entry.

I have had a UJ 1-2-3 truckin' on through the day as well and managed to get an nice stacking opportunity halfway down.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDJPYM5stackedontothe1-2-3Aug14th18_LI.jpg Size: 494 KB


Got to nip out for a bit now. Play safe, folks and back in an hour or so.
  • #32,296
  • Aug 14, 2018 9:38am Aug 14, 2018 9:38am
Quoting lemercenaire
You could have played the dip into Supply off that there - just always bearing in mind that you'd be going against the Long Bias... {image} Not for me today - just for info's sake.
Hi Lem.
Is it possible to explain how you work out the supply and demand on such a small timescale ?
Does it have anything to do with the size of the candle ?
Regards
Kev
  • #32,297
  • Aug 14, 2018 11:10am Aug 14, 2018 11:10am
Reading back through my notes i noticed one method mentioned GU 17:00 breakout. Is it correct or i writed something wrong? I forgot this method..
  • #32,298
  • Aug 14, 2018 11:13am Aug 14, 2018 11:13am
Quoting lemercenaire
{quote} Looking down at the small day action, it's a weak Long signal overall, I'd say. 12462 shows potential for a rebound if price makes it that high Well that worked out well. {image} Managed to line up as a perfect 1-2-3 as well, so a multi-method entry. I have had a UJ 1-2-3 truckin' on through the day as well and managed to get an nice stacking opportunity halfway down. {image} Got to nip out for a bit now. Play safe, folks and back in an hour or so.
Keep on selling !!! Paid for lunch.
Attached Image (click to enlarge)
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  • #32,299
  • Aug 14, 2018 11:28am Aug 14, 2018 11:28am
Last week i have studied closely the zone that forms on H4 between 00:00 and 4:00, and it is very interesting. The chart is GU but it's interesting also on other cross pairs and major pairs
Attached Image
  • #32,300
  • Aug 14, 2018 11:32am Aug 14, 2018 11:32am
Try it on Lem's favourite. Should really be 07.00 but ...
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Click to Enlarge Name: GER30(£)H1.png Size: 79 KB
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