Billytt Die happy trading e/j daily breakout

Cable, for the record.
The 08-00 15 minute bar High broke for +5 (it made approx +6, but that was enough but not for me.

Good trading as always Lem. Question for you - I understand how you trade at 1pm (the DZ trades), but your morning Dax trades are way over my head. Are the morning trades placed using a specific method, or are they placed using your experience and keen eye (a combination of methods)? Thanks.

I got a bit bored and went out to feed the swans and their signets. That was cool as always (man, the babies are getting big!) and came back to what seemed to confirm to be a flat day. However, it seems like UC would have been fertile Momo-Scalp ground. Short Bias.

Oh well. It seems to have punched itself out for now but I will keep one eye on it to see if the US Open can spark it back into life.

Cheers.

Yes, the morning trades are using a specific method - though you are also correct that there is a fair bit of barnstorming in the mix. How much is by-the-rule and how much seat-of-the-pants flying depends on how aggressive I am feeling.

The morning Monster Trade set up has evolved over the last few months. It used to involve a WZ set-up over the two hour block 06:00 - 07:00 and 07:00 - 08:00 uk time.

I would favour the trade back inside the body of the ''candle'', just as I do normally on any other WZ set-up. However, over the last few months, maybe Summer-time blues or whatever, the movement I have been using has slipped to the earlier slot, focusing around the Frankfurt Open on the 07:00 bar close. This is the bar that Pips has been making his own as he has taken to The DAX with me.

Now, I am usually up at that time...just about...however, I have chores to be done before chart-time and tbh I can't be a**** getting up any earlier than I do. I used to do that, with my Frankenbreak method but that is why I dropped that as well over time. When you are crashing out at 02:00 or so, that extra time in the morning becomes more and more welcome, lol.

Anyway, when I ran (or I should say run as I still do it occasionally) the two hour block, I would use the techniques and method you see now to help me unwind any hedged floating loss. I would run it while the hedge was still locked in and use it to eat away at the negative, while waiting for the new main trigger.

It involves scalping techniques as old as the hills and there's nothing new there. I've just been using and refining them since Odin was a boy in short pants with a plastic hammer.

The technique is the basis dna at the heart of algo HFT nowadays and my way of running it is like trying to carve out the trades on slate with a chisel compared to the volume of trades that stuff fires off in the blink of an eye - but the base technique is still the same. Look for a directional bias (algos don't even need that), momentum, micro Supply + Demand and aggressive stacking into positions.

It was then actually my Prop-Trader brother who asked (when he saw how successful the ''recovery'' method was) why wasn't I just using it as as method in its own right? Which brings us back to ''Doe''.

Pips is learning the method and is combining it with what he has been learning of micro S+D and so far he's taking it all in well.

I don't want to post the method on the thread for various reasons but if you think it would be something you might take to, then pm me and I can give you a run through on it.

Oh and for the sake of clarity, I started calling it a Momo-Scalp.

While I was banging that stuff above out, I had an entry on UC. Had been waiting on a close below 1.29364...got that and went in. Covered the space to the demand Zone below.

Only a double-stack here. I could have added a third - or even fourth if I'd been uber-aggressive - but as I said, I was busy above, lol.

I didn't get the entry saved off, sorry. I don't always remember to do that, as I don't bother for most if not all of my other methods as those other trades aren't placed on the charting brokers' screens. I will do it for this if I can, as it can help clarify scalped entries easier for those reading the charts and it's on the same broker as I chart from.

t 14-10
Cable,,,, the 00-00 4 hour bar low broke and then we had the retrace to break the High.
This is what i want, so far it has made 70 points of the average daily range..with the actual high break making 30 points.
i do have several trades running and they are cancelling easch other and others amassing points.
i am having problems with the new margin rules lol.

Thought I'd messed this one up. Looked like an over aggressive entry had bitten me on the a** when I got a drift against me. I knew I was late in the move but thought it still had some legs left in it...then all of a sudden, it turned.

Normally, no issue, as I'd counter and cover that drift until I was sure which way we were eventually going to settle on. However, to compound my foolishness, the spread was too big - I should never have gone in where I did, just asking for trouble all round.

Soooooo...dropped a fib over it and rode it down, all the time ready to just eat a loss if it kept going and closed over the 50.

It didn't...this time. Turned back and gave me my percents with bells on. I think it's been talking to The Monster...


Momo-Scalp. Long Bias.



Out.

i have a new low level at area 12800 and then the second low level (from a couple of weeks ago at 12590 area. the High is still the same 13100 area,

That's me done for the day. Lack of tea is making me stoopid...

Cable, the 4 hour bar has not long since gone through a resistance level, whop will win? breakout or retrace traders.
WHO CARES, we trade going to these levels not once there.
Trade well all

have some chocolate mmmmmmmmmmmmmmmmmmm

Chocky Digestives, Billy!

Ironically, while I was faffing about with the 30, over on Cable there was a sweet little Buy trade came up just as I went in that would have saved me all the drama! Ho hum...

Aye, got naughty and snipped a chunk on a hefty Double-Dip off the bounce at the tail end. Dangerous, I know - but it's been one of those days and I had that target line sitting there from earlier. Too tempting...

lol gotta change my chart back.

Closed at pivot and gone back in. Greedy gets caught out but ok so far.

Classic

This goes back. Joe always got the looks of madness in his eyes but such a strong voice. Amazing video.

An interesting look to Cable. Respecting the 50...