Billytt Die happy trading e/j daily breakout | Page 2091 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #41,801
  • May 29, 2019 1:13am May 29, 2019 1:13am
Just a quick one.
As with most areas, these can act as support and resistance areas too,
So when I say I will Long Dax at the 00-00 15 minute bar area, it isn't 100% definite it will continue.
Then it is plan B, that is the tricky part, lol.
trade well.....
t 07-13
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,802
  • May 29, 2019 2:46am May 29, 2019 2:46am
Cable chart so far for you 15 minute bar people - (8 am to 8:15 am UK time )

Dax -for me - was a wait for "whippy " action to slow down then got a small short. Now waiting for price to calm down and waiting for possible long?

EDIT : just noticed I missed rising lows on Dax for an early long -another coffee ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Germany 30_20190529_08.42.png Size: 178 KB
every Saint has a past. Every Sinner has a Future
  • #41,803
  • May 29, 2019 2:49am May 29, 2019 2:49am
What Cable did next
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20190529_08.48.png Size: 153 KB
every Saint has a past. Every Sinner has a Future
  • #41,804
  • May 29, 2019 3:21am May 29, 2019 3:21am
Quoting turnip15
Cable chart so far for you 15 minute bar people - (8 am to 8:15 am UK time ) Dax -for me - was a wait for "whippy " action to slow down then got a small short. Now waiting for price to calm down and waiting for possible long? EDIT : just noticed I missed rising lows on Dax for an early long -another coffee ? {image} {image}
Hi Mr T, hope all is well.
i am still testing Dax, and in my opinion it is always biased to Long.
just waiting for my high trigger to trigger.
Maybe, maybe not. Lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,805
  • May 29, 2019 3:22am May 29, 2019 3:22am
Quoting turnip15
What Cable did next {image}
My Cable 00-00 high Trade was a Fail, but the drop and my 08-00 15 minute Low break caught 5% and a counter and 10 for the Fail.
all is well. Lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,806
  • May 29, 2019 5:05am May 29, 2019 5:05am
Quoting billytt
{quote} Maybe you did and are now a zombie. Yaaaaaaay
Attached Image
  • #41,807
  • May 29, 2019 5:15am May 29, 2019 5:15am
Quoting billytt
Just a quick one. As with most areas, these can act as support and resistance areas too, So when I say I will Long Dax at the 00-00 15 minute bar area, it isn't 100% definite it will continue. Then it is plan B, that is the tricky part, lol. trade well..... t 07-13
I had a scan back over The DAX for this thing and I see what you mean about it. just draw a line at the 00:00 Open and price loves to go back to it.

I was going to ask you how that was tradeable in a practical sense, as if you are looking for the play back to that level, unless you are going to set tip-wires all the way down following price, you don't know where it is going to turn.

You've kind of answered that by saying you would be waiting for price to get back up there and then trade the move through and over that line/level. OK but for me, I'd always be ruing the missed opportunity to harvest all of the points on the journey there, lol.

I also noticed, as no doubt you have, that even if the level is not returned to on the same day it is formed, it will often be before the next couple of day's are done, certainly the week.

Interesting.

I've always just focused on the K-Gap but this is an extra dimension. I wonder if one could impact on the other...mmmm...
  • #41,808
  • May 29, 2019 5:26am May 29, 2019 5:26am
Quoting lemercenaire
The DAX is setting up for a bounce tomorrow, with a zone from 11962 to 11915 making sense.
Well, there was 34 pip bounce from the lower edge of that zone (11915) which would have been nice for those who had sat up all night to play it (or who had set an order, lol).

Attached Image (click to enlarge)
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Price then nutted the upper level and dropped out through the bottom. Nice clearout back toward the Z-Line.

It has now taken another 30 or so off the even lower 11863 level.

Germany finally admitting that all is far from rosy on the (un)employment garden and the economy is hollow and rotten at the core.
  • #41,809
  • May 29, 2019 5:42am May 29, 2019 5:42am
Jumped on for a quick Double-Dip before I go check the horses.

DAX Double-Dip +3.5 +2 [+5.5]

Attached Image (click to enlarge)
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  • #41,810
  • May 29, 2019 5:56am May 29, 2019 5:56am
Quoting lemercenaire
{quote} I had a scan back over The DAX for this thing and I see what you mean about it. just draw a line at the 00:00 Open and price loves to go back to it. I was going to ask you how that was tradeable in a practical sense, as if you are looking for the play back to that level, unless you are going to set tip-wires all the way down following price, you don't know where it is going to turn. You've kind of answered that by saying you would be waiting for price to get back up there and then trade the move through and over that line/level. OK but for...
Hi Lem.
i agree with the ( missed opportunity) part. I do this as standard when I fix a Fail, i.e.:- trigger then follow the market makers to the levels/ adr.
With Dax, I have the 00-00 range but I trade it several hours later when/if it is visited again, AND I get to sleep.
it is the re visit I am interested in. This is a secondary trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,811
  • May 29, 2019 6:30am May 29, 2019 6:30am
Choppy day again. Let's see what AJ can do later.
Fix up, trade sharp ...
  • #41,812
  • May 29, 2019 12:15pm May 29, 2019 12:15pm
Best indicator out there is the cable thread. All buying lol I keep selling.

Got chopped a few times today but overall ahead. Difficult market.
  • #41,813
  • May 29, 2019 12:29pm May 29, 2019 12:29pm
Still got one open - has to test 2600/2550. Will leave over night and put a stop on later.

Love these old songs and videos this just came on...

Inserted Video
  • #41,814
  • May 29, 2019 2:02pm May 29, 2019 2:02pm
Quoting claudia1
Best indicator out there is the cable thread. All buying lol I keep selling. Got chopped a few times today but overall ahead. Difficult market.
Yeah, only watching for now. Cable thread a bit funny indeed.
Fix up, trade sharp ...
  • #41,815
  • May 30, 2019 1:06am May 30, 2019 1:06am
Good morning all.
Cable , yesterday another slow moving, small range day (60) adr no where near met.
Today 5 day adr is 78. My 00-00 4 hour bar range is 10. High broke and I am Long, almost + 10 as I type, if it drops I will close at +6.... Hopefully it will drop and maybe get a typical big move which Cable does...
Trade well all.
t 07-06
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,816
  • May 30, 2019 1:09am May 30, 2019 1:09am
Dax, 00-00 15 min bar range is 6... at 11871 area. All night it has been whipping so maybe the 07-00 1 hour bar will produce.
Don't forget, I want the area/s to be re visited several hours later.
Lets see.
t 07-09
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,817
  • May 30, 2019 1:28am May 30, 2019 1:28am
Cable. Mini levels at High 12660 and 12680.... Low 12600 areas, that is a start.

my Cable Long was closed for + 6 (not %). It came within a fraction of getting 10. No problem, 6 is better than minus?
T 07-28
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,818
  • May 30, 2019 2:08am May 30, 2019 2:08am
Dax, if it drops to 11868 I will short.
BUT,,,, will that area act as Support? Hmmmmmm
t 08-08
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,819
  • May 30, 2019 3:30am May 30, 2019 3:30am
Cable, 08-00 15 minute bar. Low broke for +5% and then retraced up.

my break of 00-00 4 hour range has been put on a counter at +2 lol.
maybe sort it out later.
trade well.
t09-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #41,820
  • May 30, 2019 5:25am May 30, 2019 5:25am
Quoting billytt
Dax, if it drops to 11868 I will short. BUT,,,, will that area act as Support? Hmmmmmm t 08-08
Be careful around the 11825 level, Billy.

I'd be looking for some sort of rebound from this upwards grind at around 11964 and if it is indeed turned back, play the drop back to that 11825.

However, I will be doing none of that as I am going to see the new Godzilla movie! I do like my Monsters, after all
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