Billytt Die happy trading e/j daily breakout | Page 2187 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #43,721
  • Aug 23, 2019 2:28am Aug 23, 2019 2:28am
I'm pretty happy to all it a day there.

DAX +49.5

I have ''stuff'' to do in the great out-of-the-doors and I am more than happy with that bag, especially as it's...guess what...FRIDAY!!!

Trade well all who stick around.
  • #43,722
  • Edited 3:16am Aug 23, 2019 2:57am | Edited 3:16am
Quoting lemercenaire
I'm pretty happy to all it a day there. DAX +49.5 I have ''stuff'' to do in the great out-of-the-doors and I am more than happy with that bag, especially as it's...guess what...FRIDAY!!! Trade well all who stick around.
Morning Lem
I like to ask you if you have traded daily wick zone from advanced alien civilisation? If yes do you have any recommendation, advice? Thanks

Edit: Ill go trough your posts first.
  • #43,723
  • Aug 23, 2019 6:07am Aug 23, 2019 6:07am
Quoting Chrobakx
{quote} Morning Lem I like to ask you if you have traded daily wick zone from advanced alien civilisation? If yes do you have any recommendation, advice? Thanks Edit: Ill go trough your posts first.
There's 14,448 post by the way. Think I'd wait for Lem to turn up he won't be far away.
  • #43,724
  • Aug 23, 2019 6:09am Aug 23, 2019 6:09am
Quoting claudia1
{quote} There's 14,448 post by the way. Think I'd wait for Lem to turn up he won't be far away.
It's not that bad, search button found only 4 pages
  • #43,725
  • Aug 23, 2019 6:53am Aug 23, 2019 6:53am
Quoting Chrobakx
{quote} Morning Lem I like to ask you if you have traded daily wick zone from advanced alien civilisation? If yes do you have any recommendation, advice? Thanks Edit: Ill go trough your posts first.
Hi. Yes, I have traded and will still trade if the notion takes me) DWZ. I will also always have in mind where they are on every method I use. I will have them set on a separate screen for ease of reference and clarity.

The method is sound and statistically rock solid.

As for recommendations and advice - I don't know that there is much to add to the basic concept. Price always wants to leave the Wick Zone and in the case of the original method, the Daily, it will do so greater than 80% of the time.

I always look at price coming back into the body but an outside break is also ''allowed''.

As for pairs or any preferences that way, not really. I'd need to do a run through in detail to see if there are any that are more or less useful but off the top of my head, I can't say. Look for those with lots of movement.

You can play the game straight, as I said, or mix in a dash of RAT Zone as well, as the two methods are obviously kissing cousins.

It's a good choice - and I use WZ theory in all of my trading now, as although the original method is based around the Daily, the principle operates on every time frame.

If you haven't already, watch the dedicated videos on YT.
  • #43,726
  • Aug 23, 2019 8:24am Aug 23, 2019 8:24am
Quoting lemercenaire
{quote} Hi. Yes, I have traded and will still trade if the notion takes me) DWZ. I will also always have in mind where they are on every method I use. I will have them set on a separate screen for ease of reference and clarity. The method is sound and statistically rock solid. As for recommendations and advice - I don't know that there is much to add to the basic concept. Price always wants to leave the Wick Zone and in the case of the original method, the Daily, it will do so greater than 80% of the time. I always look at price coming back into...
Thank you very much for great explanation as always. Have a couple of cold lagers on me. It's 26° here in Midlands.

Edit: do you have any freely available indicator for the wicks? I'm using latest TooSlow for yesterday candles.
  • #43,727
  • Aug 23, 2019 11:38am Aug 23, 2019 11:38am
Have a nice weekend everyone!.... Let's have a beer or wine and some good music.... Cheers to all!
  • #43,728
  • Aug 23, 2019 12:54pm Aug 23, 2019 12:54pm
Quoting lemercenaire
{quote} Hi slowbrain. In my head, I do not think of any move as having failed, instead I look at it as just another move. A small psychological point but important. I'm just as happy trading inside the candle as taking a breakout. Anyway, as you've seen, I box the zone from the Trigger Candle's H to L. I then add a Mid-Line. If once the Trigger Candle closes and either breaks and does not make my tp (+5) or doesn't break at all and price drops back inside the range and it continues to drop, I will counter-trade the cross of the mid-line. If it then...
This is good post Lem.
  • #43,729
  • Aug 23, 2019 1:08pm Aug 23, 2019 1:08pm
Quoting Chrobakx
{quote} This is good post Lem.
2016!!! Wow...

Time flies when you're having fun, eh!
  • #43,730
  • Aug 23, 2019 1:48pm Aug 23, 2019 1:48pm
Quoting Patje
Have a nice weekend everyone!.... Let's have a beer or wine and some good music.... Cheers to all!
Well, here's the music part for you

Inserted Video
  • #43,731
  • Aug 23, 2019 1:53pm Aug 23, 2019 1:53pm
I noticed the CHF/JPY pair has the most wicks on daily time frame from all 28 pairs I'm watching.

Also Lem, with your locking bad trade into limbo and opening new one in the way of price is moving with double lot size, it's like a second chance. It just clicked in my head. Maybe this was the missing thing to be successful with HoLo and simple as 123 trades.

Have a all nice and sunny weekend.
  • #43,732
  • Aug 23, 2019 2:10pm Aug 23, 2019 2:10pm
Quoting Chrobakx
I noticed the CHF/JPY pair has the most wicks on daily time frame from all 28 pairs I'm watching. Also Lem, with your locking bad trade into limbo and opening new one in the way of price is moving with double lot size, it's like a second chance. It just clicked in my head. Maybe this was the missing thing to be successful with HoLo and simple as 123 trades. Have a all nice and sunny weekend.
I would be very, very, cautious with any dealings with pairs containing the CHF, as it is notoriously manipulated by the SNB. I keep my barge-pole handy at all times. DWZ is one of the few methods that it could be worth making the exception for.

As for using countering for HOLO and 1-2-3 You have hit on my magic-sauce.

I use this on both methods and HAL knows this - however - never ever mention using the technique on either thread. It is totally against TS' concepts and they are his threads. It would also confuse the hell out of any newbies. Just use it and keep it as your own little secret.
  • #43,733
  • Aug 23, 2019 2:13pm Aug 23, 2019 2:13pm
Before I go - here's today's Dead Zone.

You could have played it any which way you'd liked today...

Dead Zone UC

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1anywayyoulikeit23rdaug19.png Size: 48 KB
  • #43,734
  • Aug 23, 2019 2:15pm Aug 23, 2019 2:15pm
Quoting lemercenaire
{quote} You have hit on my magic-sauce.
Chilli🌶🌶🌶 magic sauce.
Attached Image
  • #43,735
  • Aug 23, 2019 2:21pm Aug 23, 2019 2:21pm
Quoting lemercenaire
{quote} Well, here's the music part for you https://www.youtube.com/watch?v=obWdrQeOHkQ
Inserted Video
  • #43,736
  • Aug 24, 2019 7:54am Aug 24, 2019 7:54am
Keep the politics out the thread I know but this funny.

''The president and first lady arrived in Biarritz Saturday after he threatened to tax French 'like they've never seen before' '

Donald is entertaining.
  • #43,737
  • Aug 24, 2019 9:38am Aug 24, 2019 9:38am
Quoting claudia1
Keep the politics out the thread I know but this funny. ''The president and first lady arrived in Biarritz Saturday after he threatened to tax French 'like they've never seen before' ' Donald is entertaining.
Your PM... Looks likes his twin.... This stuff is even better then lots of TV series.... Can't stop laughing at times, stuff getting too hilarious.... BTW any bets this weekend Claudia?
  • #43,738
  • Aug 24, 2019 9:47am Aug 24, 2019 9:47am
Quoting Patje
{quote} Your PM... Looks likes his twin.... This stuff is even better then lots of TV series.... Can't stop laughing at times, stuff getting too hilarious.... BTW any bets this weekend Claudia?
Haven't been betting much on horses lately.

Be on usual Celtic bet tomorrow - more than 2.5 goals in the game. Odds low but a high win rate.
  • #43,739
  • Aug 25, 2019 10:55am Aug 25, 2019 10:55am
Quoting claudia1
{quote} Haven't been betting much on horses lately. Be on usual Celtic bet tomorrow - more than 2.5 goals in the game. Odds low but a high win rate.
Got 4 goals.

Careful on GU tomorrow it'a a bank holiday in England.
  • #43,740
  • Edited 12:30pm Aug 25, 2019 12:18pm | Edited 12:30pm
Quoting lemercenaire
{quote} Where are your entry and exit levels?'' Multiple. I look to enter on a break from the H or L first, that's my vanilla-trade... I will trade ''inside'' the range by trading the Wick-Zone if it never breaks, trading down into the body... I will counter-trade these levels if the original trade does not get me my pips. I use the mid-line as another line-in-the-sand, as a line ''somewhere'' that price can cross on its way ''somewhere else''. Hedges rule - thank Billy for the inspiration there...and Another Galaxy for providing the stats on Wick-Zone...
Lem, I found it what I was looking for.

Edit: Lem, do you have any stats of trading these pairs on 1H bar from 7:00 to 8:00 a.m.UK time? Basically after London open.
Thanks
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