Billytt Die happy trading e/j daily breakout | Page 1635 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #32,681
  • Aug 28, 2018 11:37am Aug 28, 2018 11:37am
Here's a rare one...

Inserted Video
  • #32,682
  • Aug 28, 2018 12:46pm Aug 28, 2018 12:46pm
Time for a look at today's Dead Zone options.

First up is AU, with a sweet surfing ground, Short Bias...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1asDZsurfed28thAug18.png Size: 36 KB
  • #32,683
  • Aug 28, 2018 12:55pm Aug 28, 2018 12:55pm
Potential for a nice bounce on AC.
  • #32,684
  • Aug 28, 2018 1:02pm Aug 28, 2018 1:02pm
On EJ, if we get a break below 129.997, there's a chance of a drop lower.

From there, I'm looking at 129.838 and 129.631...the former as a possible bounce and break, while the latter, well, if price closes below that, the downside potential is huge.
  • #32,685
  • Aug 28, 2018 1:09pm Aug 28, 2018 1:09pm
EU looking to be getting to a rebound level as well.
  • #32,686
  • Aug 28, 2018 1:19pm Aug 28, 2018 1:19pm
The DAX gave another DZ surf zone. Again, Short Bias...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.H1asDZ28thAug18.png Size: 29 KB
  • #32,687
  • Aug 28, 2018 1:25pm Aug 28, 2018 1:25pm
There may have been more DZ options worth looking at but I'm done for the day.

Have a good night all and see everyone again tomorrow.
  • #32,688
  • Aug 28, 2018 3:30pm Aug 28, 2018 3:30pm
Quoting lemercenaire
There may have been more DZ options worth looking at but I'm done for the day. Have a good night all and see everyone again tomorrow.
Thanks for your earlier response Lem. Detailed as always. I will send you a PM to discuss the method in more detail.

In terms of DZ options today, UC and US500 were both great.
  • #32,689
  • Aug 28, 2018 10:35pm Aug 28, 2018 10:35pm
morning all, t 06-35 oooooooooooooooooooo another early start.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,690
  • Aug 28, 2018 10:36pm Aug 28, 2018 10:36pm
Cable. 00-00 4 hour bar Test.
My bias is Long, so hopefully it will retrace and break the Low to then make average daily low....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,691
  • Aug 28, 2018 10:40pm Aug 28, 2018 10:40pm
yesterday we had a 70 range which is low.
Hopefully if we break the 00-00 4 hr low it will get to 12780 area, if not more yaaaaaaaaaaaaay.
lets see
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,692
  • Aug 28, 2018 10:40pm Aug 28, 2018 10:40pm
t 06-40
cable, the 00-00 4 hour bar Low has just been broken ( 1 or 2 mins ago)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,693
  • Aug 28, 2018 10:42pm Aug 28, 2018 10:42pm
Quoting billytt
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,
looking for 12800 to start.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,694
  • Aug 28, 2018 11:57pm Aug 28, 2018 11:57pm
Good morning, folks.

No solid signal on the big time-frames today. Best description would be a turning Sell, or a weak Buy.

There as still possibilities however, as price is sitting down on Demand on the m5 chart. If it stays there for the next 5 mins, then you'd think it's be some kind of bounce at the KO.

We shall see.
  • #32,695
  • Aug 29, 2018 12:31am Aug 29, 2018 12:31am
Micro S+D to the rescue this morning.

On the m15, you can see that price was / is trapped between Supply and Demand...

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30m15pricetrapped29thAug18.png Size: 28 KB


However, for our purposes, this is no bad thing, as all that means is we can trade the bounce / rebound effect. In this case, it was a bounce.

Priced dropped and I went in, looking for the retrace back up. I was a little early and price pushed slightly farther, down into the second layer (which I should have been expecting, to be honest). Nothing to worry about though, as The Monster swished it's tail for a few seconds, trying to freak us out, before carrying on up, where after another few flicks of the tail, it went on to give me my +5% (+6% in fact).

In
Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX-MonsterMomoScalpEntry29thAug18-crop_LI.jpg Size: 652 KB


Out
Attached Image (click to enlarge)
Click to Enlarge Name: .DE30outm15Momo-ScalpCWs+d29thAug18-crop.png Size: 16 KB


This is the raw, down-and-dirty, version of my Momo-Scalp, without all the driver aids, just using micro S+D to guide the way. This is how I did it originally and when the other finesse type add-ons are all confused, it can still get the job done just fine.
  • #32,696
  • Aug 29, 2018 12:32am Aug 29, 2018 12:32am
Cable, 08-00 15 min bar break.
High broke for +5 and more.
I DID NOT TRADE IT.
The 00-00 4 hour bar retraced back up to break the High lol.
everything is in hand and i cannot add more.
big margin is making it look bad lol. broker keeps foning to get me to be a pro trader lol, NO WAY.......

Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #32,697
  • Aug 29, 2018 12:35am Aug 29, 2018 12:35am
Half an hour later, the skirmishing is over and all the micro S+D is used up.

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30m15andalltheS+Disusedup29thAug18-crop.png Size: 17 KB


Time to sit back and wait for the next round.
  • #32,698
  • Aug 29, 2018 12:59am Aug 29, 2018 12:59am
Quoting billytt
Cable, 08-00 15 min bar break. High broke for +5 and more. I DID NOT TRADE IT. The 00-00 4 hour bar retraced back up to break the High lol. everything is in hand and i cannot add more. big margin is making it look bad lol. broker keeps foning to get me to be a pro trader lol, NO WAY....... Trade well.
why dont you want to be classified as a pro trader Billy? does it have disadvantages
  • #32,699
  • Aug 29, 2018 1:11am Aug 29, 2018 1:11am
Quoting billytt
Cable, 08-00 15 min bar break. High broke for +5 and more. I DID NOT TRADE IT. The 00-00 4 hour bar retraced back up to break the High lol. everything is in hand and i cannot add more. big margin is making it look bad lol. broker keeps foning to get me to be a pro trader lol, NO WAY....... Trade well.
Come to Switzerland, Billy. The weather's lovely.

You can be a pro or not be a pro and it will be like it always was for you either way.
  • #32,700
  • Aug 29, 2018 1:11am Aug 29, 2018 1:11am
Quoting Inception12
{quote} why dont you want to be classified as a pro trader Billy? does it have disadvantages
Just means the new EU regulations don't apply.
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