Billytt Die happy trading e/j daily breakout | Page 2184 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #43,661
  • Aug 22, 2019 1:28am Aug 22, 2019 1:28am
Here's that DAX H4 overview. HA candles and you can see the levels of the boundary. The Supply Zone actually forms a third, interior, boundary and if price gets through that, then the next level - the 50% level - is at 11931. Lower level - at 11576 - is the 23.6.

Price sits well above the Kijun sen.

Interestingly, if you drop the fib to first, the next pullback down, then the 50 matches up to the top of the Supply Zone and then dropped to the next pointy-place down, it lines up exactly where rice is sitting now.

Attached Image (click to enlarge)
Click to Enlarge Name: DAXoverviewH4aug22nd19.png Size: 47 KB
  • #43,662
  • Aug 22, 2019 1:31am Aug 22, 2019 1:31am
Looks like a certain amount of upside pressure at the 5-min level.
  • #43,663
  • Aug 22, 2019 2:01am Aug 22, 2019 2:01am
Quoting lemercenaire
{quote} The problem is, looking and waiting for the EU to reform is like asking the turkeys to vote for Christmas...it ain't going to happen. The Germans will implode it anyway once they are ready to convert all their newly moved Euros into gold and ready for the DM to be reborn. Also, what happened to the rule of ''No Politics'' on the thread, mmm?
My profound apologies to you all, got carried away! won't happen again - trading is far more important and the only thing we can really influence

Cheers, dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,664
  • Aug 22, 2019 2:05am Aug 22, 2019 2:05am
Quoting claudia1
{quote} My fault Lem. Back to the charts tomorrow. Davidh welcome to the thread.
Thank you Claudia!
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,665
  • Aug 22, 2019 2:15am Aug 22, 2019 2:15am
KO and a nice trap is set.

Moved up to the 5-min chart, as the 1-min was a complete mess. The 5-min gave a look at an Z-Line and a clear killing zone.

Went in full pelt and heavy as it gets. Didn't want to hang in there too long, as it is still far from clear what the overall direction is going to be today and that upside pressure had given us the pull back fair enough but who knows about anything more than that.

Anyway, in the end, paid off just fine.

DAX 5-min +1 +1.5 +2 +2.5 +2.5 +3 +4 +5.5 [+22]

Attached Image (click to enlarge)
Click to Enlarge Name: DAXthroughKO22ndAug19for+1+1.5+2+2.5+2.5+3+4+5.5.png Size: 46 KB


The 5-min chart though, even this feels sooooooo slow compared to the 1-min now, lol.
  • #43,666
  • Aug 22, 2019 2:22am Aug 22, 2019 2:22am
Quoting Davidh061
{quote} My profound apologies to you all, got carried away! won't happen again - trading is far more important and the only thing we can really influence Cheers, dave
It's all good and glad to have you here.
  • #43,667
  • Aug 22, 2019 2:24am Aug 22, 2019 2:24am
Quoting lemercenaire
KO and a nice trap is set. Moved up to the 5-min chart, as the 1-min was a complete mess. The 5-min gave a look at an Z-Line and a clear killing zone. Went in full pelt and heavy as it gets. Didn't want to hang in there too long, as it is still far from clear what the overall direction is going to be today and that upside pressure had given us the pull back fair enough but who knows about anything more than that. Anyway, in the end, paid off just fine. DAX 5-min +1 +1.5 +2 +2.5 +2.5 +3 +4 +5.5 [+22] The 5-min chart though, even this feels...
stayed out for a bit due to upcoming news stuff.....been busy last days.....hopefully today can get a bit more screentime... trade well all....
  • #43,668
  • Aug 22, 2019 2:28am Aug 22, 2019 2:28am
Thar she blows!!!

Attached Image (click to enlarge)
Click to Enlarge Name: DAXtharsheblows5min22ndaug19.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DAXtharsheblows1min22ndaug19.png Size: 40 KB
  • #43,669
  • Aug 22, 2019 2:32am Aug 22, 2019 2:32am
The reaction had to be traded...

DAX 1-min +1 +2.5 +4 [+7.5]

Attached Image (click to enlarge)
Click to Enlarge Name: DAX1-minreactionmove22ndaug19for+1+2.5+4.png Size: 41 KB
  • #43,670
  • Aug 22, 2019 2:34am Aug 22, 2019 2:34am
Well, I should have held that one for a bit longer...

Attached Image (click to enlarge)
Click to Enlarge Name: DAXwellshoodaheldthatonelol22ndaug19.png Size: 39 KB
  • #43,671
  • Aug 22, 2019 2:35am Aug 22, 2019 2:35am
Quoting lemercenaire
The reaction had to be traded... DAX 1-min +1 +2.5 +4 [+7.5] {image}
balls of steel! ...was doubting to get in as there was a nice retrace and reaction from the 20 ma but didnt take it ...so now will we get a bullish day after good numbers?.....at least it is showing strength now.....
  • #43,672
  • Aug 22, 2019 2:36am Aug 22, 2019 2:36am
After all of that, price still hasn't broken all the way through that Supply Zone.
  • #43,673
  • Aug 22, 2019 2:38am Aug 22, 2019 2:38am
Quoting Patje
{quote} balls of steel! ...was doubting to get in as there was a nice retrace and reaction from the 20 ma but didnt take it ...so now will we get a bullish day after good numbers?.....at least it is showing strength now.....
It was a classic Z-Line / 50% retrace play.
  • #43,674
  • Aug 22, 2019 2:48am Aug 22, 2019 2:48am
Again...

DAX 1-min +1.5 +1.5 [+3]

Attached Image (click to enlarge)
Click to Enlarge Name: DAXinagainfor+1.5+1.5aug22nd19.png Size: 40 KB
  • #43,675
  • Aug 22, 2019 2:52am Aug 22, 2019 2:52am
Quoting lemercenaire
Again... DAX 1-min +1.5 +1.5 [+3] {image}
You really know how to milk the market! Its great to watch but I don't think I have the skills to emulate it!
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,676
  • Aug 22, 2019 2:54am Aug 22, 2019 2:54am
Again, again...

DAX 1-min +1.5 +3.5 +7 +8 +9 [+29]

Attached Image (click to enlarge)
Click to Enlarge Name: DAXagainagain22ndaug19for+1.5 +3.5 +7 +8 +9 .png Size: 40 KB


These were moving as I closed and so the first two are pretty much as you see position wise here but the last three moved on by another +1.5 from when the screenshot was taken.
  • #43,677
  • Aug 22, 2019 2:57am Aug 22, 2019 2:57am
Quoting Davidh061
{quote} My profound apologies to you all, got carried away! won't happen again - trading is far more important and the only thing we can really influence Cheers, dave
Hi David, I forgot to welcome you, So welcome.
Ask as many questions as you like, and give input.
Always welcome.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,678
  • Aug 22, 2019 2:58am Aug 22, 2019 2:58am
Quoting billytt
{quote} Hi David, I forgot to welcome you, So welcome. Ask as many questions as you like, and give input. Always welcome. Trade well
Thank you!
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,679
  • Aug 22, 2019 3:01am Aug 22, 2019 3:01am
Cable, 08-00 15 minute bar break.
High broke for 5%. Lovely move too.
i only needed 5 points though.

Dax did go up, we traded the 20 point gap,grid style. Then the 00-00 area was hit. All is well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,680
  • Aug 22, 2019 3:09am Aug 22, 2019 3:09am
Quoting Davidh061
{quote} You really know how to milk the market! Its great to watch but I don't think I have the skills to emulate it!
Thanks - but a large aspect of that is state-of-mind. I have been in this game a very long time and when I began, I specialised in Daily, Weekly and even Monthly time frames, typical fund bread-and-butter trading.

The way I developed my scalping came about as a realisation that techniques are transferable in certain methods. This being a classic example, as you could look at those charts above and see 1-month in place of 1-min and play them pretty much the same way. I, in effect, just got faster-and-faster at executing the trades!

To reintroduce myself to the method when I came back to it again, I began on the H4, moved to the H1 and then on to 10-min charts before moving ultimately to the tick and 1-min charts (with a bit of 2 and 3 min thrown in just for giggles )

This Lightning Kumo method is a stripped-down variant of the Thunder+Lightning method which is used on higher time frames.

The other side to it, is finding one (maybe two or three max) favourite instruments and learning every little nuance of its behaviour. For me, that's meant making The Monster my friend. It still always carries the danger of taking my arm off - always will, it's in its nature - but now, if it was to, it would be my fault, as I should have seen the change in behaviour coming.
16 traders viewing now