Billytt Die happy trading e/j daily breakout | Page 2074 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #41,461
  • May 16, 2019 4:34am May 16, 2019 4:34am
Quoting turnip15
{quote} 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
Lol a bit of fun but Lem knows what he's doing - got a 6/1 win last night.
  • #41,462
  • May 16, 2019 4:42am May 16, 2019 4:42am
Quoting claudia1
{quote} Very well done ! Now go look at horses - Newmarket this evening haven't really looked yet.
I will be looking for sure. Really enjoying running the horses full time again.

I'll get to them around 11:00.
  • #41,463
  • May 16, 2019 4:46am May 16, 2019 4:46am
Quoting claudia1
{quote} Lol a bit of fun but Lem knows what he's doing - got a 6/1 win last night.
Most people wouldn't recognise the way I trade the races as betting on the horses in the traditional sense, lol. Usually, the EW selections I find come out of races I am already trading in, so not usually stand alone.
  • #41,464
  • May 16, 2019 4:51am May 16, 2019 4:51am
Quoting claudia1
{quote} 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.
Why not skip monday trades then? If marginally profitable, it might makes sense of course.
Fix up, trade sharp ...
  • #41,465
  • May 16, 2019 5:05am May 16, 2019 5:05am
Lem,
DAX, LIke what has recently happened.
we had 00-00 15 minute bar range high 12094.... low 12088. 6 range which is irellivant at the moment.

so what happened is, midnight then down it went,did its thing at 07-00 then up again to break through the 00-00.
I did trade the 00-00 .
i have no Frequency D Stats but was happy.
So 2 Dax trades today,both good.
t 11-05
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,466
  • Edited 5:19am May 16, 2019 5:05am | Edited 5:19am
Quoting Hickson
{quote} Why not skip monday trades then? If marginally profitable, it might makes sense of course.
Started off skipping Mondays as you know. Maybe a good idea - just been looking at the 4 day range excluding Sun/Mon and it's 10.3. So I look for a minimum range of 80% of that and that changes daily obviously.

Edit: bit early for songs but
Inserted Video
  • #41,467
  • May 16, 2019 5:22am May 16, 2019 5:22am
Selling cable again - has to go down to the 80. ADR 42.6% (20) so far.
  • #41,468
  • May 16, 2019 6:32am May 16, 2019 6:32am
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.
Hi Billy!
I am watching kind of a Dax breakout as well.
The break of the 0700-0800 range (GMT+2).
Here the 1min charts for May.
Horizontal lines 5 pips apart.
The horizontal blue lines start when the 0700-0800 range gets broken and last for 1 hour.

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  • #41,469
  • May 16, 2019 6:35am May 16, 2019 6:35am
Quoting claudia1
Selling cable again - has to go down to the 80. ADR 42.6% (20) so far.
Good idea, I stayed with it. Break of 00-00 4 hour bar for 5% and second trade just let it roll down.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,470
  • May 16, 2019 6:41am May 16, 2019 6:41am
Quoting ForeXhell
{quote} Hi Billy! I am watching kind of a Dax breakout as well. The break of the 0700-0800 range (GMT+2). Here the 1min charts for May. Horizontal lines 5 pips apart. The horizontal blue lines start when the 0700-0800 range gets broken and last for 1 hour. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hi, thanks for the input.
i have looked at Dax before on a couple of occasions but was trying to Trade it like Cable,au,ej etc. This did not work and I had no confidence.
i am looking at it from a different angle.
i am concerned about whip and the fast movement.
Lets see.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,471
  • May 16, 2019 7:45am May 16, 2019 7:45am
Quoting billytt
Cable, 5 day adr = 77, same as yesterday. mini levels.. High 12880 & 12900 & 12950 area. ....Low 12800 & 12750 area. trade well. T 07-16
We made it to the first mini low level at 12800, yaaaaay. I was out ages ago.
t 13-45
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,472
  • May 16, 2019 8:04am May 16, 2019 8:04am
Quoting billytt
{quote} Hi, thanks for the input. i have looked at Dax before on a couple of occasions but was trying to Trade it like Cable,au,ej etc. This did not work and I had no confidence. i am looking at it from a different angle. i am concerned about whip and the fast movement. Lets see.
But that's where all the fun is!!!

You can't put a muzzle on The Monster!
  • #41,473
  • May 16, 2019 8:19am May 16, 2019 8:19am
@Claudia.

4:25 Salisbury Warning Fire

I'm also trading the 5:45 at York (nr Fav). There's a couple in there are solid each-ways but I'd prefer to just trade it.
  • #41,474
  • May 16, 2019 8:26am May 16, 2019 8:26am
Quoting lemercenaire
{quote} But that's where all the fun is!!! You can't put a muzzle on The Monster!
I have fun traded Dax in the past as you know, but I would never trade normally using thousands. It just isn't me lol. BUT maybe just maybe I can spot something....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,475
  • May 16, 2019 9:12am May 16, 2019 9:12am
The US30 was a mess at US open but things got clear at the stock market open...done for the day
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  • #41,476
  • May 16, 2019 10:40am May 16, 2019 10:40am
Quoting billytt
{quote} Hi, thanks for the input. i have looked at Dax before on a couple of occasions but was trying to Trade it like Cable,au,ej etc. This did not work and I had no confidence. i am looking at it from a different angle. i am concerned about whip and the fast movement. Lets see.
Yeahh Fast & Furious ;-)

My first DAX demo trade using a new platform for testing went like this ... I did not recognize TP and SL was preset for FX and also the volume was set to a fix FX lot size ... well, so I bought a few thousand contracts, instantly got stopped out and my demo was a 1/3 lighter ... took me some time to figure out what happend in those 2 secs LoL

Guess thats what Demos are for ...

Have a good one!
  • #41,477
  • May 16, 2019 10:43am May 16, 2019 10:43am
Quoting ForeXhell
{quote} Yeahh Fast & Furious ;-) My first DAX demo trade using a new platform for testing went like this ... I did not recognize TP and SL was preset for FX and also the volume was set to a fix FX lot size ... well, so I bought a few thousand contracts, instantly got stopped out and my demo was a 1/3 lighter ... took me some time to figure out what happend in those 2 secs LoL Guess thats what Demos are for ... Have...
I'm sorry but that just made me snort tea out my nose!

I know you won't take offense and tf it was only demo!

You live and learn, lol.
  • #41,478
  • May 16, 2019 10:46am May 16, 2019 10:46am
Quoting lemercenaire
{quote} I'm sorry but that just made me snort tea out my nose! I know you won't take offense and tf it was only demo! You live and learn, lol.
Another good laugh came with that horse's performance. Unplaced as fav, lol.

Still got the main race
  • #41,479
  • May 16, 2019 11:05am May 16, 2019 11:05am
Quoting lemercenaire
{quote} I'm sorry but that just made me snort tea out my nose! I know you won't take offense and tf it was only demo! You live and learn, lol.
Nahh no offense taken ... you should have seen me spilling out my sip of coffee

Donīt know if I can translate that saying correctly:
"Every day a spoonful of dirt keeps you young and healthy"

Attached Image



Have a good one Lem and congrats beating the sh*** out of the Monster again and again
  • #41,480
  • May 16, 2019 11:19am May 16, 2019 11:19am
Quoting lemercenaire
{quote} Another good laugh came with that horse's performance. Unplaced as fav, lol. Still got the main race
Hayley won at 6/1.
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