Billytt Die happy trading e/j daily breakout | Page 2073 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #41,441
  • May 16, 2019 1:53am May 16, 2019 1:53am
'Morning all.

As Pips is off out, it's down to me to pick up some dosh off the pre-KO Monster moves.

So, we have the beginnings of a long move on the 5-min chart and then a small pullback. As that began to bounce, down we go to the 1-min and although admittedly a little late, there was still enough room to get a bag.

As always, target is slightly reduced due to the increased spreads at this time.

DAX 1-min +3.5

Attached Image (click to enlarge)
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  • #41,442
  • May 16, 2019 1:55am May 16, 2019 1:55am
Quoting Pipradar
Morning Guys No trades for me today, I am out and about in 5 mins, So good hunting to all trade well, will catch up as and when
Have a great day, Pips. We'll try and hold the fort for you while you're gone!
  • #41,443
  • May 16, 2019 2:07am May 16, 2019 2:07am
Off we go!

DAX 1-min

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-atKO-offwego16thMay19crop.png Size: 49 KB


Out +5.5

Attached Image (click to enlarge)
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  • #41,444
  • May 16, 2019 2:27am May 16, 2019 2:27am
AJ + 7.8
  • #41,445
  • May 16, 2019 2:29am May 16, 2019 2:29am
Again.

DAX 1-min

Triple-Dip

Attached Image (click to enlarge)
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Out +8.5 +7 +2 [+17.5]

Attached Image (click to enlarge)
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  • #41,446
  • May 16, 2019 2:34am May 16, 2019 2:34am
Why you don't hold onto The Monster's tail too long, lol...

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-whyyoudontholdlol-16thmay19crop.png Size: 50 KB


Flipped...

Attached Image (click to enlarge)
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  • #41,447
  • May 16, 2019 2:36am May 16, 2019 2:36am
Will wait and see if we get a pullback to the Z-Line. If not, I'll be done.
  • #41,448
  • May 16, 2019 2:51am May 16, 2019 2:51am
Quoting lemercenaire
{quote} Have a great day, Pips. We'll try and hold the fort for you while you're gone!
Speaking Dax, I have been playing with it.
The break is the easy part but it is the Fail which concerns me,
Major Forex pairs are relatively easy to fix but not Dax. Having said that I have not concentrated 100% on it.
Today after some research I Longed it after break of 07-00 15 min bar and again I shorted off the 07-00 15 min Low break.
i am also focused on the 00-00 15 minute bar too. ( midnight).
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,449
  • May 16, 2019 2:51am May 16, 2019 2:51am
Quoting lemercenaire
Will wait and see if we get a pullback to the Z-Line. If not, I'll be done.
We got the pullback!

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Z-Line-DoubleDip16thMay19crop.png Size: 54 KB


Z-Lines...you gotta' love 'em ...

Out +15 +11 [+26]

Attached Image (click to enlarge)
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  • #41,450
  • May 16, 2019 3:02am May 16, 2019 3:02am
Another flip, back to the upside.

I'm done now.

This morning all-in: +3.5 +5.5 +8.5 +7 +2 +15 +11

Total: +52.5

Love it.

Now...breakfast and brew.

Trade well all. Back later.
  • #41,451
  • May 16, 2019 3:09am May 16, 2019 3:09am
Quoting billytt
{quote} Speaking Dax, I have been playing with it. The break is the easy part but it is the Fail which concerns me, Major Forex pairs are relatively easy to fix but not Dax. Having said that I have not concentrated 100% on it. Today after some research I Longed it after break of 07-00 15 min bar and again I shorted off the 07-00 15 min Low break. i am also focused on the 00-00 15 minute bar too. ( midnight). trade well.
Keep us in the loop, Billy! Always interested to hear your statistical analysis on anything.

Just bear in mind that the overnight spreads can be horrendous and can vary even more between different brokers. Some will also close their DAX desk through the night at varying times.
  • #41,452
  • May 16, 2019 3:21am May 16, 2019 3:21am
Quoting claudia1
AJ + 7.8
Very consistent.
Fix up, trade sharp ...
  • #41,453
  • May 16, 2019 3:24am May 16, 2019 3:24am
Quoting Hickson
{quote} Very consistent.
Seems to be. It's only Sunday/Monday when the range goes a bit mad.

Very rarely takes trades both sides and the break out range is fairly consistent around 10.

Building a nice picture.
  • #41,454
  • May 16, 2019 3:35am May 16, 2019 3:35am
Quoting lemercenaire
{quote} Keep us in the loop, Billy! Always interested to hear your statistical analysis on anything. Just bear in mind that the overnight spreads can be horrendous and can vary even more between different brokers. Some will also close their DAX desk through the night at varying times.
Hi Lem,
I am looking at the 00-00 15 min bar , then looking at it being revisited several hours later.
i do not intend to trade the actual first break.
It could be similar to the Cable 00-00 4 hour bar where this range is absolutely fantastic to Trade off/ too.
will keep you posted...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,455
  • May 16, 2019 3:42am May 16, 2019 3:42am
Quoting billytt
{quote} Hi Lem, I am looking at the 00-00 15 min bar , then looking at it being revisited several hours later. i do not intend to trade the actual first break. It could be similar to the Cable 00-00 4 hour bar where this range is absolutely fantastic to Trade off/ too. will keep you posted...
Gotcha. You're onto something there.

Same thing happens with various pairs on the Dead Zone block.
  • #41,456
  • May 16, 2019 4:01am May 16, 2019 4:01am
Was talking elsewhere about the US30 and these two dropped into my lap. A bit cheeky being so top-heavy on the move but hey, I have my DAX swag to back my play...

US30

Attached Image (click to enlarge)
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Out +6.2 +3 [+9.2]

Attached Image (click to enlarge)
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  • #41,457
  • May 16, 2019 4:18am May 16, 2019 4:18am
Back to my Monster...

Took +4 on the move before this one...but missed the chance to take a screenshot, sorry.

Jumped back in for a second bite...

DAX 1-min

Attached Image (click to enlarge)
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Out +5.5

Attached Image (click to enlarge)
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Total off both: +9.5
  • #41,458
  • May 16, 2019 4:23am May 16, 2019 4:23am
+9.5 on top of the earlier +52.5 gives a (probably final ) morning total from The Monster of +62.
  • #41,459
  • May 16, 2019 4:24am May 16, 2019 4:24am
Quoting lemercenaire
+9.5 on top of the earlier +52.5 gives a (probably final ) morning total from The Monster of +62.
Very well done ! Now go look at horses - Newmarket this evening haven't really looked yet.
  • #41,460
  • May 16, 2019 4:32am May 16, 2019 4:32am
Quoting claudia1
{quote} Very well done ! Now go look at horses - Newmarket this evening haven't really looked yet.
Overall loss on Dax this morning.
Glad I don't back horses - my choice of horse would most likely still be in a pub somewhere
every Saint has a past. Every Sinner has a Future
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