Billytt Die happy trading e/j daily breakout | Page 1939 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #38,761
  • Jan 25, 2019 8:43am Jan 25, 2019 8:43am
Quoting Pipradar
{quote} L.O.L. H.
We have another fan rolling in the aisles today ...

I am not trading btw due to bad mood and things I need to fix. Watching EURCAD chopping around a bit, as the trade was still on. Trend is still down and yesterday rejected the daily high, so maybe it will eventually tumble down to the support area starting around 1.49 ish. Swap is positive and chart looks more bearish than bullish to me, so I'll keep that one and doing nothing there for now.
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Fix up, trade sharp ...
  • #38,762
  • Jan 25, 2019 8:50am Jan 25, 2019 8:50am
Quoting slowbrain
E/U looking strong .... soon New York boys will finish their coffee let's see what happen ... SL in place in case {image} {image}
SL executed ..... did someone hear the rubber noise ?
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trying to make everyday the best risk/reward decisions possible
  • #38,763
  • Edited 9:56am Jan 25, 2019 8:54am | Edited 9:56am
An interesting whipsaw today on the 2nd, 3rd and 4th breaks of 08-00 M15. Could be two counters running plus the original trade.
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Buy low, sell high.
  • #38,764
  • Jan 25, 2019 9:26am Jan 25, 2019 9:26am
Quoting slowbrain
{quote} SL executed ..... did someone hear the rubber noise ? {image}
TWANG L.O.L. Great Sense of Humour S.B.
(not at the Stop Loss by the way)
  • #38,765
  • Jan 25, 2019 9:32am Jan 25, 2019 9:32am
Here is another jewel, Lem on countering. A few posts later, Billy chips in.

Quoting lemercenaire
{quote} Hi. Basically, yes, though there are subtleties in approach between methods. For instance, it is not necessarily a double amount counter and where the counter begins is different depending on whether you are talking about AU 04:00 break, Dead Zone or Frankfurt Break. Also, the original trade is not always stopped out straight away, instead run as a true hedge (not a technique available to those traders based in the US).
Buy low, sell high.
  • #38,766
  • Jan 25, 2019 9:53am Jan 25, 2019 9:53am
Quoting Pipradar
{quote} TWANG L.O.L. Great Sense of Humour S.B. (not at the Stop Loss by the way)
SL is just operating expenses like any other business .... you have expenses not just profits ....

edit: as they don't take prisoner today ( no retracement at all ) i'm not taking any shorts again
trying to make everyday the best risk/reward decisions possible
  • #38,767
  • Jan 25, 2019 9:59am Jan 25, 2019 9:59am
Seems we have a change of trend
we cross up M50Highs M50Lows
Reversal need to be confirmed , we may enter into trading range next week
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trying to make everyday the best risk/reward decisions possible
  • #38,768
  • Jan 25, 2019 10:02am Jan 25, 2019 10:02am
I will start to look for short only when price will comeback between Blue and Yellow lines not before
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trying to make everyday the best risk/reward decisions possible
  • #38,769
  • Edited 11:11am Jan 25, 2019 10:45am | Edited 11:11am
Cabe t 16-41 chart just copied.
would you believe it???? lol
adr adjusted High is now 15186. we were close to the Low then retrace .
Attached Image


the important part is the 00-00 4 hour bar hi/lo

edit,,, having said that... with the prospect of uk staying in Europe THE £ will go up...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,770
  • Jan 25, 2019 11:36am Jan 25, 2019 11:36am
Quoting slowbrain
{quote} SL executed ..... did someone hear the rubber noise ? {image}
Attached Image

come to daddy....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,771
  • Jan 25, 2019 11:49am Jan 25, 2019 11:49am
Lem about the Witching Hour and Dead Zone,

Quoting lemercenaire
{quote} Hi starpro. The original Witching Hour was the Midnight (00:00) candle, UK time - hence the name. Over the course of testing, I noticed (along with Wanna, who helped check this out from the US-Based trader's point of view) that the hour previous to this, 23:00 UK, produced even better results. Remember, the term ''Day'' is all relative - your session day in Australia, mine in the UK and others in the US - or is it Sydney Open time no matter what? Or is it the session time at all? Is it the clock-based midnight for each time-zone? The concept...
Buy low, sell high.
  • #38,772
  • Jan 25, 2019 12:04pm Jan 25, 2019 12:04pm
Quoting billytt
GOOOOOOOOOOOOOOOOOOOOOOOD NEWS TIME.... I am trading from next Monday, i have had another idea. It is similar to my last idea i tried out around last August 2018 looking for major levels. But this time it is purely to make 20 points minimum or hunt the adr of approx , a modest 70/80 points.
Ah ha! Now that's a bit of serious news!

I'm assuming it must be reasonably short term tf and execution so the gf doesn't get suspicious about the amount of time locked away in front of the computer
  • #38,773
  • Jan 25, 2019 12:26pm Jan 25, 2019 12:26pm
Quoting lemercenaire
{quote} Ah ha! Now that's a bit of serious news! I'm assuming it must be reasonably short term tf and execution so the gf doesn't get suspicious about the amount of time locked away in front of the computer
i intend to trade off the midnight open UK time...00-00 am.
At this moment in time i will have a 10 or maybe 15 filter then trade.
If it reverses and i expect it do i will trade again.

At this moment i am not sure if i will trade counter, i am trying to make trading this way accessible to the normal retaioler.
Lets see......

edit ....as for time frame.. i will either look for 20 points + or go for the adr, maybe looking for 70 points. ( a modest amount)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,774
  • Jan 25, 2019 1:41pm Jan 25, 2019 1:41pm
Quoting billytt
{quote} {image} come to daddy....
for sure go ahead ... pleasure is all mine .....
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trying to make everyday the best risk/reward decisions possible
  • #38,775
  • Jan 25, 2019 3:35pm Jan 25, 2019 3:35pm
Quoting HappyMan
Lem about the Witching Hour and Dead Zone, {quote}
Post 15,182 I think, is the one I first really broke countering down (the way I do it - or did it at the time) via The Frankenbreak.
  • #38,776
  • Jan 25, 2019 3:39pm Jan 25, 2019 3:39pm
Here is what Lem was doing with the Dead Zone a couple of years ago,

Quoting lemercenaire
{quote} Hi hasib. Again, apologies for the delay in replying - just been far too busy in my down time for my liking, lol. Anyway, here's a run-down of what I am doing with The Dead Zone: The Zone itself is formed by the range of the H1 candle that precedes the US Open. This zone then extends out into the day. I am looking to take advantage of the ''dead-air'' in the period before the money comes in. Other methods that trade the open breaks will be trading off the actual open bar, I work the previous one, so make use of that open volume. I mark the...
Buy low, sell high.
  • #38,777
  • Jan 25, 2019 3:43pm Jan 25, 2019 3:43pm
[quote=billytt;11928690]{quote} i intend to trade off the midnight open UK time...00-00 am. At this moment in time i will have a 10 or maybe 15 filter then trade. If it reverses and i expect it do i will trade again. At this moment i am not sure if i will trade counter, i am trying to make trading this way accessible to the normal retaioler. Lets see...... edit ....as for time frame.. i will either look for 20 points + or go for the adr, maybe looking for 70 points. ( a modest amount)[/quote]

Now...this is getting very interesting indeed, as this set up and time slot is how I run the Buy Zone.

I won't go into detail here - for the usual reasons - but one thing I was looking at closer lately, as a way of modifying the BZ again, was having trigger-finger ready as 00:00 approaches. Then, having a bias established and attached already, entering immediately at the Open of the next 00:00 bar.

This was also incorporating and building on some work done by myself and Pippy (mostly Pippy admittedly) based on the ''top-of-the-hour'' moves.

I really look forward to seeing where you go with this, Billy.
  • #38,778
  • Jan 25, 2019 4:19pm Jan 25, 2019 4:19pm
Old rockers never die - they just go on tour and never come back...

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Enjoy your weekend, folks.
  • #38,779
  • Jan 25, 2019 9:24pm Jan 25, 2019 9:24pm
Morning!

Another diamond from Lem - the way he plays countering.

Quoting lemercenaire
{quote} Hi SB. The way it went this morning on v1 (the top variant as posted, v2 is treated slightly differently) is this (forget spreads for this, assume taken into account): First trade Buy - Fails. goes negative. Enter Counter (Trade #2) as price passes half-way down the mid-zone. Two trades now running, one buy, one sell. Open Trade #3 as Sell entry is crossed, closing Trade #1 at sl. Close Trade #2 and #3 as hit sell tp. I will sometimes close 80% here and move sl to halfway down mid-box. Or close one trade and let other run. The rest is left...
Buy low, sell high.
  • #38,780
  • Jan 26, 2019 1:37am Jan 26, 2019 1:37am
Lem Here are some of my My Top Rockers
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