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Billytt Die happy trading e/j daily breakout

  • #43,301
  • Aug 8, 2019 10:57am Aug 8, 2019 10:57am
Quoting claudia1
{quote} 'Be yourself; everyone else is already taken To live is the rarest thing in the world. Most people exist, that is all. I can resist everything except temptation.'
I used to read his children's fiction to my children. Wonderful stories:
The Happy Prince and Other Tales (sometimes called The Happy Prince and Other Stories) is a collection of stories for children by Oscar Wilde first published in May 1888. It contains five stories: "The Happy Prince", "The Nightingale and the Rose", "The Selfish Giant", "The Devoted Friend", and "The Remarkable Rocket".

Then there was the "Picture of Dorian Gray." A bit like "Dr Faustus." The quest for eternal youth and other desired wish fulfillment.
Excellent author and playwright ( imho).
every Saint has a past. Every Sinner has a Future
  • #43,302
  • Aug 8, 2019 11:01am Aug 8, 2019 11:01am
Quoting turnip15
{quote} I used to read his children's fiction to my children. Wonderful stories: The Happy Prince and Other Tales (sometimes called The Happy Prince and Other Stories) is a collection of stories for children by Oscar Wilde first published in May 1888. It contains five stories: "The Happy Prince", "The Nightingale and the Rose", "The Selfish Giant", "The Devoted Friend", and "The Remarkable Rocket". Then there was the "Picture of...
Agree - your knowledge of him is way ahead of mine though.
  • #43,303
  • Aug 8, 2019 11:12am Aug 8, 2019 11:12am
Quoting turnip15
{quote} I used to read his children's fiction to my children. Wonderful stories: The Happy Prince and Other Tales (sometimes called The Happy Prince and Other Stories) is a collection of stories for children by Oscar Wilde first published in May 1888. It contains five stories: "The Happy Prince", "The Nightingale and the Rose", "The Selfish Giant", "The Devoted Friend", and "The Remarkable Rocket". Then there was the "Picture of...
Try this. Don't know them but it's lively. Lem ?

Inserted Video
  • #43,304
  • Aug 8, 2019 12:13pm Aug 8, 2019 12:13pm
Quoting Patje
{quote} thanks Billytt sounds simple, but guess it aint that easy....will keep my eye on it......saw that over the last weeks... the odds break out/fake out where 50/50..so trading it will take a lot of practice especially the counter part ...will try it on demo the next weeks...to see if i can get a feeling for it .....btw enjoy the house in the forest....
Not to speak for Billy but you may want to consider the kissing-cousin of these, the AU H4 00:00 - 04:00 uk time.

This is run by playing the first break as always, however it also is golden in that if the first move fails, then the retrace back through will have Billy-Stats up the wazoo that shows it will run all the way to the ADR. In fact, a friend now trades this all on its own, without even taking the first break at all.

If you combine it with a WZ entry and not simply the opposite break, then Bazinga!!!
  • #43,305
  • Aug 8, 2019 12:56pm Aug 8, 2019 12:56pm
Quoting lemercenaire
{quote} Not to speak for Billy but you may want to consider the kissing-cousin of these, the AU H4 00:00 - 04:00 uk time. This is run by playing the first break as always, however it also is golden in that if the first move fails, then the retrace back through will have Billy-Stats up the wazoo that shows it will run all the way to the ADR. In fact, a friend now trades this all on its own, without even taking the first break at all. If you combine it with a WZ entry and not simply the opposite break, then Bazinga!!!
Thanks you all being so helpful.... If you could help me out with a example that would be great.... Adr is calculated over how many days?... Happy I found this thread its a nice place.... Have a nice evening everyone!
  • #43,306
  • Aug 8, 2019 12:57pm Aug 8, 2019 12:57pm
@Claudia - and anyone else interested - no doubt you are well aware but have a look at GU H4, that set-up has got to be right up your street, right? EU is almost as good. I'd say EU looks likely to turn South FWIW. GU looks more balanced for now.

Elsewhere, while we're on the subject, how about:

USDHKD - Short?

AUDCAD - Short?

EURGBP - Short?

SING30 - Long?

XAUUSD - Short?

Just for giggles - I'll have forgotten about them by tomorrow...H4 tf? Me?
  • #43,307
  • Aug 8, 2019 12:58pm Aug 8, 2019 12:58pm
Quoting Patje
{quote} Thanks you all being so helpful.... If you could help me out with a example that would be great.... Adr is calculated over how many days?... Happy I found this thread its a nice place.... Have a nice evening everyone!
ADR is run over 20 days.

I'll see what I can do re an example.

Glad you like it here. I think you fit in just fine
  • #43,308
  • Aug 8, 2019 12:59pm Aug 8, 2019 12:59pm
Quoting claudia1
{quote} Try this. Don't know them but it's lively. Lem ? https://www.youtube.com/watch?v=Arz7qr4saZM
Yep, I like that. Added to collection!
  • #43,309
  • Aug 8, 2019 1:04pm Aug 8, 2019 1:04pm
Here ya' go, Claudia...

Inserted Video
  • #43,310
  • Aug 8, 2019 1:04pm Aug 8, 2019 1:04pm
Quoting lemercenaire
{quote} Yep, I like that. Added to collection!
BTW Claudia.... Wasn't bad at all
  • #43,311
  • Edited 3:49pm Aug 8, 2019 1:33pm | Edited 3:49pm
Quoting Patje
{quote} Thanks you all being so helpful.... If you could help me out with a example that would be great.... Adr is calculated over how many days?... Happy I found this thread its a nice place.... Have a nice evening everyone!
Here you go. I am using a time-shifted chart here, so sort of guestimating the candle, lol. I think I got it right .

As it turns out, even if I didn't, it shows perfectly the movements I was talking about. Straight breaks, failed breaks and retrace all the way through and on to ADR etc.

AU 00:00 - 04:00 UK time (nb: Using time-shifted chart)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.H4asExampleOf00.00-04.00aug8th19.png Size: 45 KB


EDIT:

I was talking above of guestimating the candle due to the broker time-shift and it got me thinking about the differences in the candles due to the different star times. I've never really paid too much mind to this kind of thing, probably because I don't really run HTF any more and certainly not as a range break. However, having seen this, it is something that traders should be aware of.

This chart below is from one of my UK Brokers, so the time is local to me. Take a look at the differences between the two.

AU 00:00 - 04:00 UK time (Using local UK time broker)

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4asUKbrokerZonesForAUH4-BreakExample8thAug19.png Size: 38 KB


So, traders have an option on this. Either take the H4 candle that their chosen broker gives them and just go with that, or to use H1 candles in a 4 hour block (you could perhaps use a custom candles indicator) which would give you an accurate representation of the UK H4 candle.

In the end, it made no difference anyway, as you can see that whatever layout you used, you would have bagged your dosh no matter what.
  • #43,312
  • Aug 8, 2019 1:51pm Aug 8, 2019 1:51pm
Quoting lemercenaire
{quote} Here you go. I am using a time-shifted chart here, so sort of guestimating the candle, lol. I think I got it right . As it turns out, even if I didn't, it shows perfectly the movements I was talking about. Straight breaks, failed breaks and retrace all the way through and on to ADR etc. AU 00:00 - 04:00 UK time. {image}
Great... Will check it out next week's.... The counter part still confuses me..... As I am not used to it.... But maybe after a few weeks I will be able to get it.... For me as I am 1 hour ahead it means the price range between 1 and 5 in the night.....
  • #43,313
  • Aug 8, 2019 2:48pm Aug 8, 2019 2:48pm
Quoting lemercenaire
{quote} ADR is run over 20 days. I'll see what I can do re an example. Glad you like it here. I think you fit in just fine
William uses 5 day adr.
  • #43,314
  • Aug 8, 2019 3:06pm Aug 8, 2019 3:06pm
Quoting claudia1
{quote} William uses 5 day adr.
Is it? I was sure it was 20. Or is that you?! Anyway, for the purposes of that chart, it doesn't really matter as it is just a quick visual aid showing the pa and reactions around the box-range.

I am sure Cap'n Billy will set me straight when he next sails into Port Royal.
  • #43,315
  • Aug 8, 2019 3:11pm Aug 8, 2019 3:11pm
Quoting lemercenaire
{quote} Is it? I was sure it was 20. Or is that you?! Anyway, for the purposes of that chart, it doesn't really matter as it is just a quick visual aid showing the pa and reactions around the box-range. I am sure Cap'n Billy will set me straight when he next sails into Port Royal.
I use the 20 William definitely on 5. Don't think it makes too much difference does it.
  • #43,316
  • Aug 8, 2019 3:12pm Aug 8, 2019 3:12pm
I have been trying to get into the swing of The Dead Zone again. It's the one period of the day I've been slacking on, which is mental, considering the way The DZ performs there.

Dead Zone UC (of course )
Range of hour before US Open.

Short Bias.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1asDeadZone8thAug19.png Size: 41 KB
  • #43,317
  • Aug 8, 2019 3:13pm Aug 8, 2019 3:13pm
Quoting claudia1
{quote} I use the 20 William definitely on 5. Don't think it makes too much difference does it.
Probably not - it's just a general line in the sand.
  • #43,318
  • Aug 8, 2019 3:50pm Aug 8, 2019 3:50pm
@ Patje, I've gone back and edited the post above re the AU H4 set-up.
  • #43,319
  • Aug 9, 2019 1:43am Aug 9, 2019 1:43am
What happened to the sun? It's tipping it down here!

Anyway, 'morning all.

DAX H4 is showing sell pressure, though admittedly, hardly over enthusiastically, lower tf H1 down it is more like a weak long, so we will see where that goes.

It should be noted that price is still hitting its head off the 50-level of the last significant drop.
  • #43,320
  • Aug 9, 2019 1:50am Aug 9, 2019 1:50am
Off we go...

DAX 1-min +3.5

Attached Image (click to enlarge)
Click to Enlarge Name: DAX1-minPreKO9thAug19for+3.5.png Size: 41 KB
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