Billytt Die happy trading e/j daily breakout | Page 2162 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #43,221
  • Aug 7, 2019 1:18am Aug 7, 2019 1:18am
Gooooooood morning, folks.

Screens on, right into a set-up.

DAX 1-min +5

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  • #43,222
  • Aug 7, 2019 1:23am Aug 7, 2019 1:23am
Quoting Chrobakx
{quote} Lem, do you mean London open first 15 min candle close and next 5 min candle? Thanks
GU. London Open. Take the range of the 08:00 - 08:15 candle. Trade the break.

Aim for +5.

Counter if fails, as stats show that the likelihood is that price will retrace and keep on going all the way out the other side. Hunt the Daily Range.

If you can't or don't want to counter, then just use a hard stop.
  • #43,223
  • Aug 7, 2019 1:32am Aug 7, 2019 1:32am
Walking up the steps...

DAX 1-min +0.5 +0.5 +3 +4 [+8]

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  • #43,224
  • Aug 7, 2019 1:37am Aug 7, 2019 1:37am
Maybe topping out for now but still good for one last li'l 'un...

DAX 1-min +2

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  • #43,225
  • Aug 7, 2019 1:39am Aug 7, 2019 1:39am
Quoting lemercenaire
Walking up the steps... DAX 1-min +0.5 +0.5 +3 +4 [+8] {image}
nice pre market move.... was a fraction too late this morning well done...

to come back at your reply about risk ... yeah i understand what you are saying its a bit open for interpretation.....this part i have to ceck out for my self what suits me... you also said something about counter....for example if you are long and price goes against you you will open a counter? with the same lot size ? do you leave your first trade open then or do you close it before you counter? sorry for my stupid questions...but personally i think the risk part is a very important part to trade it succesfully so thats why i ask too much questions...
  • #43,226
  • Aug 7, 2019 1:46am Aug 7, 2019 1:46am
Probably pushing my luck now, as this looks stalled for now. Took what I was given and happy for it.

DAX 1-min +1

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  • #43,227
  • Aug 7, 2019 1:50am Aug 7, 2019 1:50am
Quoting lemercenaire
Probably pushing my luck now, as this looks stalled for now. Took what I was given and happy for it. DAX 1-min +1 {image}
got about the same one, was in a bit too early
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  • #43,228
  • Aug 7, 2019 1:51am Aug 7, 2019 1:51am
Fooled me.

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  • #43,229
  • Aug 7, 2019 1:52am Aug 7, 2019 1:52am
Quoting Patje
{quote} got about the same one, was in a bit too early {image}
Nice one. I was tempted at the same spot but hesitated off the back of the 5-min HA. As I said above, fooled me.
  • #43,230
  • Aug 7, 2019 2:00am Aug 7, 2019 2:00am
Quoting Patje
{quote} nice pre market move.... was a fraction too late this morning well done... to come back at your reply about risk ... yeah i understand what you are saying its a bit open for interpretation.....this part i have to ceck out for my self what suits me... you also said something about counter....for example if you are long and price goes against you you will open a counter? with the same lot size ? do you leave your first trade open then or do you close it before you counter? sorry for my stupid questions...but personally[/highlight]...
No probs at all about asking questions, ask away.

You have it right, ultimately you will figure out how to manage these scalps to suit you personally. As for countering, I open if I get a move against me - but usually if I am still pretty confident that I did get my original trade right but perhaps I am in too early. If it is a completely new entry trigger in the other direction, then no, there is no counter. If I am on one of my rare trips over to the dark side (high time frames) then I will counter all opposite moves but not scalping.

When countering, yes, the original trade is kept open. You are looking to lock in a floating loss. It is at the same size.
  • #43,231
  • Aug 7, 2019 2:12am Aug 7, 2019 2:12am
Quoting lemercenaire
{quote} No probs at all about asking questions, ask away. You have it right, ultimately you will figure out how to manage these scalps to suit you personally. As for countering, I open if I get a move against me - but usually if I am still pretty confident that I did get my original trade right but perhaps I am in too early. If it is a completely new entry trigger in the other direction, then no, there is no counter. If I am on one of my rare trips over to the dark side (high time frames) then I will counter all opposite moves but not scalping....
thanks Lem, yeah have to find a way that reflects my personality... i will come up with more questions soon.. haha btw switched too gold this morning for 2 trades when dax wasnt showing me a set up ...i am sure you had one but you are the master in it.....


13.8 and 15
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  • #43,232
  • Aug 7, 2019 2:15am Aug 7, 2019 2:15am
Bouncy-bouncy...time for a Spike-Hunt...

DAX 1-min Spike-Hunt +3.5 +5.5 +6.5 +8 +8.5 +9 [+41]

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A Spike-Hunt is when as here, price takes a sustained move quickly in one direction - usually in a single candle but sometimes in a group - and then trading very quickly as price retraces back against the direction of that spike. So here, the spike was short and the trades entered long. You are in effect ignoring your normal Lightning Cloud rules, just going on the purest of price action.
  • #43,233
  • Aug 7, 2019 2:16am Aug 7, 2019 2:16am
The Billy-Bar has an idiot-range of 32, so that's a no-play day there.
  • #43,234
  • Aug 7, 2019 2:23am Aug 7, 2019 2:23am
took a double short on the dax ... was against bias but was setting up nicely


dont look at tp ! it auto plots there, as it are my quick trade setting... took 4 and 5 pips btw
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  • #43,235
  • Aug 7, 2019 2:28am Aug 7, 2019 2:28am
Not the strongest of pullbacks, so cautious about holding at all. However, a Double-Doji has to taken!

DAX 1-min +1.5 +3 +4.5 +6.5 [+15.5]

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  • #43,236
  • Aug 7, 2019 2:31am Aug 7, 2019 2:31am
Quoting Patje
took a double short on the dax ... was against bias but was setting up nicely dont look at tp ! it auto plots there, as it are my quick trade setting... took 4 and 5 pips btw {image}
Lol, yeah my C-Trader does the same.

Don't be hugely concerned about bias at the sharp end. The Lightning Cloud is actually giving you the go-ahead. All a trade against bias means is, be aware that it may be shorter-lived than one going with the grain.
  • #43,237
  • Aug 7, 2019 2:34am Aug 7, 2019 2:34am
Quoting lemercenaire
{quote} Lol, yeah my C-Trader does the same. Don't be hugely concerned about bias at the sharp end. The Lightning Cloud is actually giving you the go-ahead. All a trade against bias means is, be aware that it may be shorter-lived than one going with the grain.
As here ...

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  • #43,238
  • Aug 7, 2019 2:36am Aug 7, 2019 2:36am
Quoting lemercenaire
{quote} As here ... {image}
Missed that entry going long, mind you!
  • #43,239
  • Aug 7, 2019 2:40am Aug 7, 2019 2:40am
Long moves just now but price has now reached a Supply Zone on the H1, so I think it is time for a brew and breakfast.

Not a bad start to the day for everyone here. Good stuff.

Trade well all and back later.
  • #43,240
  • Aug 7, 2019 2:46am Aug 7, 2019 2:46am
Had to nab this before I went...

UK100 +2.5

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