Attachments: Billytt Die happy trading e/j daily breakout

Billytt Die happy trading e/j daily breakout

#33,461
Oct 1, 2018 1:18am Oct 1, 2018 1:18am

Pipradar
Joined Dec 2016 | Status: Trader | 1,408 Posts

Morning Guys, great to be back from Sunny Spain, a tad chilly here in UK L.O.L.

The Dax Monster this morning had made a large gap North at the Daily Open, and my thoughts were for a strong attempt to close the gap at either Franky Open or London Open.
Pre- Franky I watched price and we get a close below support and a close below the Daily Pivot soooooo

I entered short, this is pre Franky by the way soooo I was ready with my supper fast finger of fire to strike out if needed L.O.L. the spread at this time is not good at +5.2.
The monster started to make the right moves and at 06-55am pre- Franky open the spread reduced to normal followed by a quick move south, boom!! I was out of there before you could blink an eye yaaaaaay, bagged a juicy 10 points so that's more than enough for the day . Great to be back in the saddle and its time for a nice cuppa, Catch you all later.

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#33,462
Oct 1, 2018 1:36am Oct 1, 2018 1:36am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Welcome back, Pips. Yep, it suddenly got cold here, lol.

I agree with your look-see this morning and that gap up has given us price moving into a new channel 30 mins before the UK off...

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Assuming no mad moves to bust out, then that channel should give us a nice hunting ground.

Overall this week, we have The Golden Week in China and NFP to close us out. NAFTA should get things churning as well, if the markets haven't already taken that into account. The markets have in fact opened mixed to start the week.

For us on The Monster's back, then I'd say we were in a pullback in a Short move. 12405 could be looked at as an overall upper limit on that, though whether price would go all that way back up in one move is open for discussion.

#33,463
Oct 1, 2018 1:54am Oct 1, 2018 1:54am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

On the H4 tf, we get a very interesting bit of info, as price is respecting and playing off a solid C-Fork...

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#33,464
Oct 1, 2018 2:07am Oct 1, 2018 2:07am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Yep, we got the bust-out attempt. I was waiting for a sign of a rebound to get me in short but it never came. For now, price is pushing North. Let's sit back and see where it gets to while we sit back with a brew. The view from the sidelines looks pretty good right now.

#33,465
Oct 1, 2018 2:09am Oct 1, 2018 2:09am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

12299 is the top edge level of the C-Fork set-up...

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Name: .DE30.H4afterKOmovingbackupToTheC-Fork1stOct18.png
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#33,466
Oct 1, 2018 2:22am Oct 1, 2018 2:22am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

This is all over the place this morning. I'm stepping out for a bit and will come back later to see if anything sensible is happening.

#33,467
Oct 1, 2018 2:29am Oct 1, 2018 2:29am

Pipradar
Joined Dec 2016 | Status: Trader | 1,408 Posts

Quoting lemercenaire

Disliked

This is all over the place this morning. I'm stepping out for a bit and will come back later to see if anything sensible is happening.

Ignored

L.O.L.

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#33,468
Oct 1, 2018 2:51am Oct 1, 2018 2:51am

ia1979
Joined Jun 2018 | Status: Trader | 786 Posts

Morning all. Over on the Cable, the Billy bar produced 5 pips to the North. Took a while and at one point it looked like a short counter was going to be needed, but we got there in the end

.

Was looking for long trades anyway, as price had left the WZ on the daily candle and was heading up.

#33,469
Oct 1, 2018 2:52am Oct 1, 2018 2:52am

ia1979
Joined Jun 2018 | Status: Trader | 786 Posts

Quoting lemercenaire

Disliked

This is all over the place this morning. I'm stepping out for a bit and will come back later to see if anything sensible is happening.

Ignored

The monster and sensible? Now there's an oxymoron lol.

#33,470
Oct 1, 2018 3:02am Oct 1, 2018 3:02am

ia1979
Joined Jun 2018 | Status: Trader | 786 Posts

Quoting Pipradar

Disliked

Morning Guys, great to be back from Sunny Spain, a tad chilly here in UK L.O.L. The Dax Monster this morning had made a large gap North at the Daily Open, and my thoughts were for a strong attempt to close the gap at either Franky Open or London Open. Pre- Franky I watched price and we get a close below support and a close below the Daily Pivot soooooo I entered short, this is pre Franky by the way soooo I was ready with my supper fast finger of fire to strike out if needed L.O.L. the spread at this time is not good...

Ignored

Welcome back pips. Hope you had a good break.

#33,471
Oct 1, 2018 3:14am Oct 1, 2018 3:14am

ia1979
Joined Jun 2018 | Status: Trader | 786 Posts

Lem it looks like the Frankenbreak also worked well this morning on EG. I have learnt more from this thread in a few months than I have in the past 4 years of not being here. Thank you all.

#33,472
Oct 1, 2018 3:50am Oct 1, 2018 3:50am

Inception12
| Joined Jan 2018 | Status: Trader | 436 Posts

Quoting ia1979

Disliked

Lem it looks like the Frankenbreak also worked well this morning on EG. I have learnt more from this thread in a few months than I have in the past 4 years of not being here. Thank you all.

Ignored

Yeah...it was nice and easy today