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Billytt Die happy trading e/j daily breakout

  • #36,201
  • Nov 19, 2018 6:50pm Nov 19, 2018 6:50pm
Quoting Lavieestbele
{quote} Lem i'm a trader ( or at least i Think i am, my trading account doesn't think so ) i love taking Risk
A life without risk is no life at all.

Most will take the path of least resistance, even if that path brings the most pain.
  • #36,202
  • Nov 19, 2018 7:23pm Nov 19, 2018 7:23pm
Quoting HappyMan
Hi, all! So glad that I found this thread. Thank you all for pointing me to the right resources. Special thanks to Claudia and Lem for your ongoing kindness and patience. Time to share some of my findings, inspired by Billy's 15-min bar. Having applied it to London and New-York opening times, one can get approximately 9 out of 10 chance of getting one point (100 pips) on /ES (SP500). You can use a pre-open and post-open bar and thus double your entries. Heavy volume, up to 20 contracts, fills up pretty quickly, one has an opportunity to get up to...
Hey, thanks for sharing. Are you using 15 minute bars for this technique on the SPX500?
  • #36,203
  • Nov 19, 2018 8:56pm Nov 19, 2018 8:56pm
Quoting lemercenaire
{quote} There is a similar play using Ichi cw tick charts (80-tick). How I play it is not always a direct break but often a break of the nearest significant level. Anyway, glad to have you here. Get posting!
Thanks for replying, Lem! It would be interesting to read more about Ichi breakout. Where is it discussed?
Buy low, sell high.
  • #36,204
  • Nov 19, 2018 8:58pm Nov 19, 2018 8:58pm
Quoting ia1979
{quote} Hey, thanks for sharing. Are you using 15 minute bars for this technique on the SPX500?
Yes, pre-open and post-open of major markets.
Buy low, sell high.
  • #36,205
  • Nov 20, 2018 1:10am Nov 20, 2018 1:10am
Quoting Lavieestbele
{quote} Lem i'm a trader ( or at least i Think i am, my trading account doesn't think so ) i love taking Risk
Do the innocent people in traffic also like that when you lose control one day? Not even funny, sorry ...
Fix up, trade sharp ...
  • #36,206
  • Nov 20, 2018 2:34am Nov 20, 2018 2:34am
Falling asleep watching EURUSD "break out" lol ...
Fix up, trade sharp ...
  • #36,207
  • Nov 20, 2018 2:36am Nov 20, 2018 2:36am
Quoting HappyMan
{quote} Yes, pre-open and post-open of major markets.
T80 Chart this morning's UK Open. Clean and obvious.

US500 T80 Chart

Attached Image (click to enlarge)
Click to Enlarge Name: US500-UK-OpenBreak-T80-Chart-20thNov18crop.png Size: 36 KB
  • #36,208
  • Nov 20, 2018 2:41am Nov 20, 2018 2:41am
Quoting HappyMan
{quote} Thanks for replying, Lem! It would be interesting to read more about Ichi breakout. Where is it discussed?
In my head

Other than there, you could do worse than check out Rockypoint's thread. One of the best Ichi threads, the techniques of which can be applied to our world view easily (just ask Mr-T).
  • #36,209
  • Nov 20, 2018 2:59am Nov 20, 2018 2:59am
Morning all. I have a question - the UK clocks went back an hour so Frankenbreak should be working 6am onwards as per my calculations. However, I have noticed that most of the action is still taking place 7am (UK time) onwards on EG. Any idea why?

And Lem, a question specifically for yourself. You mentioned using BZ on the Dax a few days ago. Was that at Franky open or just whenever, throughout the day? Buy/sell 7 points away from the price was the guidance I believe. Thanks.
  • #36,210
  • Nov 20, 2018 3:05am Nov 20, 2018 3:05am
A couple of quick-hitters.

The first, The DAX - of course - which was a nipped couple of pips on a short entry.

DAX T60 Chart +2

Attached Image


At the same time (almost exactly), in here on the US500, also an Ichi Scalp short.

US500 M1 Chart +10.7

Attached Image (click to enlarge)
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  • #36,211
  • Nov 20, 2018 3:13am Nov 20, 2018 3:13am
Quoting ia1979
Morning all. I have a question - the UK clocks went back an hour so Frankenbreak should be working 6am onwards as per my calculations. However, I have noticed that most of the action is still taking place 7am (UK time) onwards on EG. Any idea why? And Lem, a question specifically for yourself. You mentioned using BZ on the Dax a few days ago. Was that at Franky open or just whenever, throughout the day? Buy/sell 7 points away from the price was the guidance I believe. Thanks.
Hi buddy.

I posted about this a little while ago, however it bares saying again. For the Frankenbreak, it was in fact a completely random set-up generated by the indicator I simply dropped onto the chart one day. I am also, as I said, a lazy **** and I didn't bother adjusting the thing for any clock change, I just left it as is.

Remember that the UK clocks may change but Frankfurt's do not.

And Lem, a question specifically for yourself. You mentioned using BZ on the Dax a few days ago. Was that at Franky open or just whenever, throughout the day? Buy/sell 7 points away from the price was the guidance I believe. Thanks.

I run The BZ to begin at day's open (not market open), so midnight, UK Time. Trade away from the Week's Open only (on Monday, you can either take whatever direction comes first or miss out altogether, your call).

BZ Skyline runs from every H1 candle Open.
  • #36,212
  • Nov 20, 2018 3:39am Nov 20, 2018 3:39am
Maybe watching Euro was not the best idea lol ... almost fell asleep, then way too late to the cable party to only collect the BE stop on the hard bounce ... oh well, that's trading too ...
Fix up, trade sharp ...
  • #36,213
  • Nov 20, 2018 3:56am Nov 20, 2018 3:56am
What happened to Claudia? Looks like more on EA nightshift and wine bar now ...
Fix up, trade sharp ...
  • #36,214
  • Nov 20, 2018 4:00am Nov 20, 2018 4:00am
Quoting lemercenaire
{quote} Hi buddy. I posted about this a little while ago, however it bares saying again. For the Frankenbreak, it was in fact a completely random set-up generated by the indicator I simply dropped onto the chart one day. I am also, as I said, a lazy **** and I didn't bother adjusting the thing for any clock change, I just left it as is. Remember that the UK clocks may change but Frankfurt's do not. And Lem, a question specifically for yourself. You mentioned using BZ on the Dax a few days ago. Was that at Franky open or just whenever, throughout...
No trading today but Lem reminded me of this old video on breakouts:
(Get rid of the AD at the beginning)

watch
every Saint has a past. Every Sinner has a Future
  • #36,215
  • Nov 20, 2018 4:05am Nov 20, 2018 4:05am
Quoting lemercenaire
{quote} In my head Other than there, you could do worse than check out Rockypoint's thread. One of the best Ichi threads, the techniques of which can be applied to our world view easily (just ask Mr-T).
I second that -but also note how Rocky uses support and resistance. You could go further and watch s/r on its' own but keeping to the right side of the cloud gives you discipline to wait for set ups. I use it now and am very happy. But also try out Lem type "Wick Zone" trades. Both approaches require patience.
every Saint has a past. Every Sinner has a Future
  • #36,216
  • Nov 20, 2018 4:11am Nov 20, 2018 4:11am
Quoting Hickson
{quote} Do the innocent people in traffic also like that when you lose control one day? Not even funny, sorry ...
Yes- There's risk and then there is irresponsibility.
every Saint has a past. Every Sinner has a Future
  • #36,217
  • Nov 20, 2018 4:16am Nov 20, 2018 4:16am
Quoting HappyMan
{quote} Thanks for replying, Lem! It would be interesting to read more about Ichi breakout. Where is it discussed?
Rockypoint in action AND how I didn't trade this morning and really wish I had got out of bed earlier
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #36,218
  • Nov 20, 2018 4:17am Nov 20, 2018 4:17am
Quoting turnip15
{quote} Rockypoint in action AND how I didn't trade this morning and really wish I had got out of bed earlier {image}
T, do you always use stops on these entries or try to get a retrace sometimes? For me, stops work better, but you need to be fast enough and exit at the right point before it reverses.
Fix up, trade sharp ...
  • #36,219
  • Edited 4:35am Nov 20, 2018 4:21am | Edited 4:35am
Quoting turnip15
{quote} Rockypoint in action AND how I didn't trade this morning and really wish I had got out of bed earlier {image}
Just to add to my chagrin at getting out of my pit later than usual - Dax was kind to those who did get out of bed earlier
( Rockypoint approach again)

EDIT : Wow ! that last trade was blown away if you were not careful.
Edit of Edit - AH ! Carney talks, inflation reports and FFFFF....Brexit !
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #36,220
  • Nov 20, 2018 4:28am Nov 20, 2018 4:28am
Quoting Hickson
{quote} T, do you always use stops on these entries or try to get a retrace sometimes? For me, stops work better, but you need to be fast enough and exit at the right point before it reverses.
I sort of copy Rockypoint - and use levels of consolidation ( hesitation) - I always lock in five. Often I have got out because price creeps back to an area then get back in when it moves on. Stops to breakeven plus whatever you want to ensure you get something. I never let price go past my entry candle. IE -if price breaks a level I enter on start of next bar -thus the prior bar is my stop -sorry if I have explained badly.
every Saint has a past. Every Sinner has a Future
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