Billytt Die happy trading e/j daily breakout | Page 2026 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #40,501
  • Apr 15, 2019 4:02am Apr 15, 2019 4:02am
Quoting claudia1
{quote} If you're using mt4 here's my Average Daily Range (ADR) indicator. It's basically an average of the high/low over a given period How to use ADR. Let's say it 9.30 am and the 20 day ADR = 100. The daily range so far is say 30 so there is a high probability (sorry Lem) that there will be a significant move at some point to fill that range. Simple as that. Worth noting if previous day range has been crazy say 200% of 20 day, then it's likely the current day range will be low. Make sense ? {file}
My heroine
Attached Image
every Saint has a past. Every Sinner has a Future
  • #40,502
  • Apr 15, 2019 4:04am Apr 15, 2019 4:04am
Ach, one more time, just for giggles...

DAX 5-min

In

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Out +5

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  • #40,503
  • Apr 15, 2019 4:08am Apr 15, 2019 4:08am
Quoting lemercenaire
Ach, one more time, just for giggles... DAX 5-min In {image} Out +5 {image}
DAX All-In

+21.1 +5 [+26.1]

Just shows that even when things are cramped, micro S+D can get the job done.

Parched now
  • #40,504
  • Apr 15, 2019 4:13am Apr 15, 2019 4:13am
Quoting billytt
{quote} Hi Mr T, Claudia posted a good response. adr ( Average Daily Range) is one of the best (Average Information ) you can use ,if not the best, as is the Daily Pivot. i use the 5 day adr but nothing wrong with 20 day. It is my preference. Just lately due to Brexit , Cable has been a bit out of sorts with normally an adr of 100+, For the last 6 weeks the adr being 119-222-135-128-128-70 . you will find 70 comes up a lot when the range is less than 100.
Adr for last 5 weeks is 132' for last week it is 124
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,505
  • Apr 15, 2019 5:19am Apr 15, 2019 5:19am
Quoting billytt
{quote} Adr for last 5 weeks is 132' for last week it is 124
Billy Bar strikes again ?
( Not traded by me) ( But this caught my eye - Note the Pivot lines)
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every Saint has a past. Every Sinner has a Future
  • #40,506
  • Apr 15, 2019 6:35am Apr 15, 2019 6:35am
Interesting level building.

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  • #40,507
  • Apr 15, 2019 7:19am Apr 15, 2019 7:19am
Was planning a run at The Dead Zone set-ups today (and I will still have a look for late action) but I got involved in a small skirmish with The DAX around the US Open.

It was just too nice a play to let go.

Triple-dipped.

DAX Z-Line, Micro S+D and Fib-Work.

In

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Off we go...

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Out +1 +2 +4.3 [+7.3]

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  • #40,508
  • Apr 15, 2019 7:22am Apr 15, 2019 7:22am
DAX new All-In

+26.1 +7.3 [+33.4]
  • #40,509
  • Apr 15, 2019 7:24am Apr 15, 2019 7:24am
Off to see if surf's up...
  • #40,510
  • Apr 15, 2019 8:08am Apr 15, 2019 8:08am
Quoting lemercenaire
Off to see if surf's up...
Well I must say...most disappointing. Nothing much of anything out there today via The Dead Zone.

Ok, you would have bagged by running UC straight - but that's kind of a given.

Dead Zone UC Run Straight - No Bias

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However, other than that:

Dead Zone Gold WZ Long Bias

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You could make an argument for EG, however (a) I never liked this for DZ work and (b) it's refusing so far to go low enough to give us an entry.

Dead Zone EG WZ Long Bias (No Trigger)

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Ah well, there's always tomorrow.
  • #40,511
  • Apr 15, 2019 8:20am Apr 15, 2019 8:20am
Quoting lemercenaire
DAX new All-In +26.1 +7.3 [+33.4]
Lem

do you trade DAX in the afternoon , or do you shift to US30 ?
trying to make everyday the best risk/reward decisions possible
  • #40,512
  • Apr 15, 2019 8:51am Apr 15, 2019 8:51am
Quoting slowbrain
{quote} Lem do you trade DAX in the afternoon , or do you shift to US30 ?
Hi SB.

I will trade it if I see a set-up, however it is more likely to be a pullback move off of a sustained trend, than the kind of fast back-and-forward moves you tend to see in the morning.

The US30 will also simply be one of the other options I will scan as the day moves on.
  • #40,513
  • Apr 16, 2019 1:35am Apr 16, 2019 1:35am
'Morning all.

The Monster has woken and stretched his legs early this morning, showing a short move since around 06:30 with price now interacting with significant levels from yesterday.

DAX 5-min

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  • #40,514
  • Apr 16, 2019 1:41am Apr 16, 2019 1:41am
I'd imagine that that level is not going to stand up for very long and is going to be taken out. It then remains to be seen how far this drop will go. Price is bouncing from the 50-level as I write and has already failed to close below there (and the lower 61.8).

If we do get a solid play and close below these levels, then the next area of interest is around 12017.

Ah well, as yesterday, it looks like we wait and see what hits us at the Open and then play the reaction, though there is still time for a little pre-KO action...maybe, lol.

Either way, trade well all.
  • #40,515
  • Apr 16, 2019 1:44am Apr 16, 2019 1:44am
T 07-43
morning all.
As pointed out, we have an in (inside bar) forming ,Cable 4 hour range.
If it lasts until 08-00. We can trade the break aggressively of the inside bar, then hold it to break the Mother bar which is also the 00-00 4 hour range bar and gather more?
lets see.
Trade well all, do not forget, Cable is very unstable in its movement and just waiting to blow.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #40,516
  • Apr 16, 2019 2:07am Apr 16, 2019 2:07am
Well, that went well enough. Straight forward micro-pullback and drop away. Actually went in 30 seconds before the off.

DAX 5-min KO

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Off we go...

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Out +7.8

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Bish, bash, bosh...just the way we like it.
  • #40,517
  • Apr 16, 2019 2:10am Apr 16, 2019 2:10am
Notice on those last charts how that level did in fact fold without putting up much of a fight.
  • #40,518
  • Apr 16, 2019 2:21am Apr 16, 2019 2:21am
Nice shooting Lem well executed
Dax trade this morning Following the UK Open. Waited for anticipated south dive and a bounce bang on target went long Bazundaaaaaaaa, very quick 8.4 that will do for the day L.O.L. a LOT MORE on the table but thats just fine time for a brew and maybe toast and jam L.O.L.Green to all.
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  • #40,519
  • Apr 16, 2019 2:25am Apr 16, 2019 2:25am
I hope nobody got greedy, lol.

Ah, The DAX...such a playful Monster ...

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  • #40,520
  • Apr 16, 2019 2:28am Apr 16, 2019 2:28am
Quoting lemercenaire
I'd imagine that that level is not going to stand up for very long and is going to be taken out. It then remains to be seen how far this drop will go. Price is bouncing from the 50-level as I write and has already failed to close below there (and the lower 61.8). If we do get a solid play and close below these levels, then the next area of interest is around 12017. Ah well, as yesterday, it looks like we wait and see what hits us at the Open and then play the reaction, though there is still time for a...
Oh and price got to 12020 .
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