Billytt Die happy trading e/j daily breakout

The Dow was another good, run this afternoon, as per my normal Itchi charts.
Hope you all did well Billy et al.

Did someone 'Tweet' about China ?

I'd shut up shop by then. Did you get any of it, T?

Good morning, all.

A little Pre-KO action (in the loosest sense of the word) over in DAX-Land...

DAX 1-min +0.5 +2.5 [+3]

Well, that was fun! Certainly the most fun I've had on a Friday for a while, lol.

I'll begin with the normal noises and a reaction move off the KO.

DAX 1-min +3.9 +4.9 +6.3 +7.9 [+23]

Ok...did you think that was the fun part? Oooooohhhhh noooooooo...

From there, The Monster decided it was time for one of its patented thrash-abouts and this is what I used to live for...SPIKE-HUNTING!!!

I do apologise ahead of time, as there is absolutely zero chance of taking screen-shots as this is going on. If it was on my c-Trader, the trades would be marked but this is a different broker and I don't have one of those marker indis on my mt4 charts. Sorry. You'll just have to take my word for it.

So, what am I going on about. Basically the way I spike-hunt is to wait for a bout of madness to strike and then once we get a big and fast move, I enter the opposite way. No matter how powerful the move, there will in most cases be at least some sort of wick-retrace on either the end of that candle or the beginning of the next.

If you think the normal DAX scalp is mad, then this is scalping on crack.

Anyway, once all was said and done:

DAX 1-min Spike-Hunt +258.3

08:04 - 08:38

I would stick up the actual trade details but that would show lot/stake size etc and I just don't like doing that. I never do. Yes, I could edit it all out but frankly, I can't be ar***.

It would also be a really big picture attachment.

Why? well...

All in, for this section, there were 92 trades! So as you can see, extreme scalping and stacking into momo. Not everyone's cup of tea but when it brings that kind of return in the space of, what was it, 34 mins, it sure beats working down the mines.

Anyway, needless to say, that's me done for the day.

All-in:

DAX +284.3

Most definitely time for a brew.

Trade well all who stick around.

Oh and here's the Hunting Ground marked out from a Thunder+Lightning view...

No - I was gone by then. It was under the cloud but pity anyone on the wrong side of a trade on the 'Trump' dump !

Excellent, Yeeeehaaa have a great day Bud

Wow nice man,.... A nice way to finish the week...!

Up and down goes the Dow. Nice end to the week.

Something to trip us into the weekend.



Have a good one everyone - seems it's going to be another scorcher here. I can live with that .

Sifting through Youtube, as one does sometimes, I noticed "Core Spreads - AUSTRALIA" link being advertised as the 'Sponsor Broker.'
"Why be that ? " You might mumble.
Could it be the 0:50% Margin required to trade the Dax ( For example) - compared to the UK branch of Core Spreads asking for 5% margin - EMSA regs.
I think 'Core Spreads' call it "Spread trading." Not tax exempt as far as I can see but useful if you have a small pot and want to test the waters etc.
Companies are not allowed to openly push you toward their 'outside of EU' branches because EMSA would be very cross. But a search quickly finds the likes of IG in Switzerland albeit to trade CFD's ( not tax exempt ) as opposed to Spread betting. Interesting times.

Good morning folks. Hope everyone had a great weekend.

The Monster should be carrying a big WARNING! sign this morning...



...as there has been sustained movement down and it is sooooooo tempting to stick with that for the scalp run this morning. However, price has now reached a pretty solid looking Demand Zone and this is still pre-KO of course, where anything cam happen at he best of times once the bell rings.

Hey, ho...I guess we just wait and see what it gives us and try and hang on for the ride!

Trade well all.

OK, so I nipped a couple out...

DAX 1-min +5 +8 [+13]

Excuse the weirdness of the look as this broker shows a gap this morning but I have other stuff going on on the other broker and it would just get too confusing!

Anyway, this is a full Thunder & Lightning chart and shows that this is technically a bit of a risky and / or aggressive entry, with price between the two clouds. However, looking at the Lightning Cloud only, you can see the set-up I would normally see with my morning scalp run.

After all is said and done, it went just fine.

DAX 1-min KO +6.4 +15.4 +25.6 [+47.4]



That last trade was closed later than it shows on the above chart...



So, not as wham-bam-thank-you-maam as last time but still a more than welcome return on time invested, lol.

Those last trades were actually on the computer I use for my longer tf trading and so not as lightning fast as my normal scalping machines..I guess it is still pretty quick in the grand scheme of things but man, it felt excruciatingly slow running those trades! It certainly wouldn't have been my weapon of choice for the antics from last Friday morning!!!

Hey, good morning guys. Im still here just not posting, I stopped using SSBO,and returned to millipede approach from other thread. Green pips to all.

'Morning. Care to elaborate on why you stopped using SSBO? Assuming it was still giving you entries, would that not be a way to incorporate Millipede MM into that (that is don't close off the trades when the indi tells you to but keep them running - as you will know, these breaks would often go on for 100's of pips after the indi had closed for +20 or whatever).

Sorry, just curious.

I did try the Millipede approach in days gone by but I lost so many brain cells to excruciating boredom that I let it go. In reality, however, if I am running High Time Frame trades (it has been known to happen, usually when there is the first full moon after the Spring equinox) then I will be counter trading / hedging off of pullbacks against my direction, so I guess that's my form of Millipede.

Don't be a stranger. Drop in and say hi. Let's face it, if you're running that method, you'll have plenty of spare time

Dax, this morning, did well for me.