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Billytt Die happy trading e/j daily breakout

  • #32,761
  • Aug 30, 2018 8:47am Aug 30, 2018 8:47am
Update. The pause was just that, a pause and on it went, right to the line again. Ah well...

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Update #2. As I write this, it did go on to break to the Demand below and is now in the process of bouncing back again.

It'll do it without me though. That's me definitely done for the day. Honust injun!
  • #32,762
  • Aug 30, 2018 8:55am Aug 30, 2018 8:55am
Quoting lemercenaire
OK, one more, lol. This time, the lines do play a part, blue line trigger, in combination with the Fib-level entry. Couldn't ignore the two methods backing each other up. {image} I got out here - maybe too early but price looked to have stalled and pa and all that stuff... {image}
Isnt that what we call confluence Lemmy....LOOL
You win some you loose some do both with peace of mind
  • #32,763
  • Aug 30, 2018 8:59am Aug 30, 2018 8:59am
That fib indicator ore fib lines you have there could you share how you set them up???
You win some you loose some do both with peace of mind
  • #32,764
  • Aug 30, 2018 9:22am Aug 30, 2018 9:22am
Quoting magne999
{quote} Isnt that what we call confluence Lemmy....LOOL
You can't call him Lemmy !! lol

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  • #32,765
  • Aug 30, 2018 9:28am Aug 30, 2018 9:28am
Quoting magne999
{quote} Isnt that what we call confluence Lemmy....LOOL
Ha ha - I genuinely couldn't remember the word!
  • #32,766
  • Aug 30, 2018 9:30am Aug 30, 2018 9:30am
Quoting magne999
That fib indicator ore fib lines you have there could you share how you set them up???
How'd you mean? The details of the actual levels?
  • #32,767
  • Aug 30, 2018 11:04am Aug 30, 2018 11:04am
No the indicator itself iguess...if it is a indicator...
You win some you loose some do both with peace of mind
  • #32,768
  • Aug 30, 2018 1:47pm Aug 30, 2018 1:47pm
Quoting magne999
No the indicator itself iguess...if it is a indicator...
It's simply the mt4 Fib tool but with these settings:

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  • #32,769
  • Aug 30, 2018 2:09pm Aug 30, 2018 2:09pm
Dead Zone charts for today...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1asDZshortbias30thAug18.png Size: 32 KB


OK, Dead Zone chart.
  • #32,770
  • Aug 30, 2018 5:32pm Aug 30, 2018 5:32pm
No good reason for trading at this time of night - though to be fair, the entry times were a fair bit earlier, lol.

Just felt like a bit of a play and ended up getting a bit gallus (good old Scots' word for you there ).

S+D Triple-Dipper on the m15 Cable chart.

As I said, entry was earlier in the evening but I let things hold for just too long, not getting out when I had the chance and took the decision to hold and stack instead. Did this a couple of times (note to self...not necessarily a good idea to watch tv and scalp at the same time) and in the end it all came good.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPUSDm15TripleS+D-ScalpShort30th-31stAug18-crop_LI.jpg Size: 616 KB


Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPUSDm15TripleS+D-ScalpShort30th-31stAug18-OUT-crop_LI.jpg Size: 586 KB


See ya in a few hours!
  • #32,771
  • Aug 30, 2018 11:16pm Aug 30, 2018 11:16pm
Morning guys The Lem Dax Monster this morning at Franky Open, No gap to invite me to play, price was between micro Sup / res, after the open price moved very quickly towards resistance but didn't get to my area of interest before falling back, so no trade for me at this time, will get the coffee on and see what happens ,
If LEM wakes up, L.O.L after his late night, he may have a view , time for that brew.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30H1 31Aug price not hit area of interest of just above Daily Pivot.png Size: 61 KB
  • #32,772
  • Aug 30, 2018 11:53pm Aug 30, 2018 11:53pm
Quoting Pipradar
Morning guys The Lem Dax Monster this morning at Franky Open, No gap to invite me to play, price was between micro Sup / res, after the open price moved very quickly towards resistance but didn't get to my area of interest before falling back, so no trade for me at this time, will get the coffee on and see what happens , If LEM wakes up, L.O.L after his late night, he may have a view , time for that brew. {image}
Yeah, 'morning Pips and all.

The Monster is a bit of a mess just now, so caution advised. I am finding that you will get a move during the day but it will come at different times every day and it's just a case of being patient and being at the screens when it comes...not watching tv...

As for what's what at the moment. Nothing. Nada. Niet. Sweet fa.

Big time-frame may be sort-of long, like monthly level, I mean, however everything else is flat...no bias at all for me.

I may go back to bed.
  • #32,773
  • Edited Aug 31, 2018 12:42am Aug 30, 2018 11:59pm | Edited Aug 31, 2018 12:42am
Here's a look at the overview. The H4 is showing price is stuck in a C-Fork, though it has respected my levels from early in the week (dotted white lines) and the Demand Zone, which is interesting. Not very helpful to us this morning - but helpful.

There is a small possibility of a quick scalp short if price hangs about just now till the KO and then drops to around 12447. That would give a bag.

We'll see.

EDIT: I'll even attach the chart this time

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Click to Enlarge Name: .DE30.H4asclearoverview31stAug18.png Size: 40 KB
  • #32,774
  • Aug 31, 2018 12:09am Aug 31, 2018 12:09am
The Monster wakes,,, Compression break south and pullback to the Daily Open. Power or what L.O.L. Not on this by the way
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX30M5 31Aug Compression break LO open.png Size: 68 KB
Click to Enlarge Name: DAX30M5 31Aug Compression break LO open1.png Size: 58 KB
  • #32,775
  • Aug 31, 2018 12:18am Aug 31, 2018 12:18am


Well...I got that right, that's one thing. Here's the set-up secs before the off, the clock has just changed but the Open candle hasn't yet appeared...

Attached Image (click to enlarge)
Click to Enlarge Name: InkedDAX-Monster-MomoScalp-SetUpForCalledShort-secsb4theoff-31stAug18-crop_LI.jpg Size: 619 KB


Looked good and the trusty trigger-finger was poised to...oh ****...

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...and...

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Is it drilling for oil, or something???!!!

Well, it is The Monster, after all.
  • #32,776
  • Aug 31, 2018 12:19am Aug 31, 2018 12:19am
So, so, fast. Ya' gotta' love it.
  • #32,777
  • Aug 31, 2018 12:22am Aug 31, 2018 12:22am
Just blown through everything...

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Click to Enlarge Name: .DE30.M5blownthrougheverything31stAug18-crop.png Size: 25 KB
  • #32,778
  • Aug 31, 2018 12:48am Aug 31, 2018 12:48am
Now all the way back to the Daily and Weekly Open (and coincidentally - yeah, right - the 50-Fib / -Line).

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.M5comeallthewaybacktoDaily+WeeklyOpen31stAug18-crop.png Size: 25 KB
  • #32,779
  • Aug 31, 2018 12:54am Aug 31, 2018 12:54am
I was tempted to go in on the way back up - or even the -Line back again (though price closed over, so I'd wait to see if it came back to close below, to be safe).

I had a nice cup of tea instead.
  • #32,780
  • Aug 31, 2018 12:58am Aug 31, 2018 12:58am
In fact, had I looked closer (or actually wider), I would have seen that although price closed over the 50-Fib level, it didn't actually do so on the -Line, that was the Daily Open, near enough. So you could have had a valid short entry.

Attached Image (click to enlarge)
Click to Enlarge Name: .DE30.M5-Z-Linepaidoffupdate31stAUg18.png Size: 34 KB
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