Billytt Die happy trading e/j daily breakout | Page 2191 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #43,801
  • Aug 28, 2019 12:57am Aug 28, 2019 12:57am
Quoting claudia1
Still got ssbo running in background. {image}
Looking for alternatives until the pair trades a bit more normal. Have looked at EJ (Choppy) and UCAD (even more choppy, but brutal breakouts sometimes) so far ... EURUSD is most liquid, but historically awful to trade for me lol.
Fix up, trade sharp ...
  • #43,802
  • Aug 28, 2019 1:33am Aug 28, 2019 1:33am
Quoting Hickson
{quote} Looking for alternatives until the pair trades a bit more normal. Have looked at EJ (Choppy) and UCAD (even more choppy, but brutal breakouts sometimes) so far ... EURUSD is most liquid, but historically awful to trade for me lol.
Rock...meet hard place. Let me get between you.
  • #43,803
  • Aug 28, 2019 1:38am Aug 28, 2019 1:38am
Quoting lemercenaire
{quote} Rock...meet hard place. Let me get between you.
Did you sometimes trade UCAD for 15, 20 pips or just the wickzone?
Fix up, trade sharp ...
  • #43,804
  • Aug 28, 2019 1:45am Aug 28, 2019 1:45am
Morning all.

Dax, nothing doing yet. Looks like it is coiling to explode.

Cable, 00-00 4 hour bar. Low broke. I am short looking for a few.
Then trade the 08-00 15 minute break.
Trade well all.
t07-45
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,805
  • Aug 28, 2019 2:17am Aug 28, 2019 2:17am
Not at home this morning, so missed the KO...

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1missedtheKOasoutwithSasha28thug19b.png Size: 45 KB
  • #43,806
  • Aug 28, 2019 2:21am Aug 28, 2019 2:21am
Quoting Hickson
{quote} Did you sometimes trade UCAD for 15, 20 pips or just the wickzone?
I would bag my percents on The Dead Zone and then often let it run if it looked like it had momo, yes.

Wick Zone is traded for what you can get, so it could be +1, +5 or +100.

No matter what method I have the entry on, once things are running, I will wrangle the trade. I will use my scalping method to add-in on pullbacks and also add-in on the actual counter / pullback as well if the notion takes me.
  • #43,807
  • Aug 28, 2019 2:29am Aug 28, 2019 2:29am
Billy's bar worked again, +5
Now I need broker with big leverage
Attached Image (click to enlarge)
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  • #43,808
  • Aug 28, 2019 2:30am Aug 28, 2019 2:30am
Quoting lemercenaire
Not at home this morning, so missed the KO... {image}
Me too! Took the earlier +16 from the two tests of a 11728 resistance but missed the break out below the days lowest low.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3 2808.png Size: 20 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,809
  • Aug 28, 2019 2:33am Aug 28, 2019 2:33am
Quoting Davidh061
{quote} Me too! Took the earlier +16 from the two tests of a 11728 resistance but missed the break out below the days lowest low. {image}
Wrong screenshot!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 56 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,810
  • Aug 28, 2019 2:39am Aug 28, 2019 2:39am
Quoting lemercenaire
{quote} I would bag my percents on The Dead Zone and then often let it run if it looked like it had momo, yes. Wick Zone is traded for what you can get, so it could be +1, +5 or +100. No matter what method I have the entry on, once things are running, I will wrangle the trade. I will use my scalping method to add-in on pullbacks and also add-in on the actual counter / pullback as well if the notion takes me.
Wow, how do you keep track of what is at risk that way at all time? So fast, amazing.
Fix up, trade sharp ...
  • #43,811
  • Aug 28, 2019 2:39am Aug 28, 2019 2:39am
Quoting Davidh061
{quote} Me too! Took the earlier +16 from the two tests of a 11728 resistance but missed the break out below the days lowest low. {image}
If The Monster plays to form, there will now be a period of faffing about and trickery. Usually a good time to go wash your hair or something...careful
  • #43,812
  • Aug 28, 2019 2:43am Aug 28, 2019 2:43am
Quoting Hickson
{quote} Wow, how do you keep track of what is at risk that way at all time? So fast, amazing.
I am lucky enough to have a large bank behind me and the proportion risked - while it may seem large as cash - as a percent of that bank it is small, so all I am looking at is whether all the legs are green or red and playing them off one another.

Green, red, green, red, green, green, green.
  • #43,813
  • Aug 28, 2019 2:53am Aug 28, 2019 2:53am
Quoting lemercenaire
{quote} If The Monster plays to form, there will now be a period of faffing about and trickery. Usually a good time to go wash your hair or something...careful
Hi Lem, yes patience is everything. I've almost stopped looking at the currency pairs, there aren't many days when I can't find something on the DAX that suits my style of trading. Makes it sound like I'm an old hand - but I'm new to the DAX since I started following this thread having had too many SL hits on my usual go-to currency pairs (EU and GU). Not sure Renko entirely fits with this thread! I spent sometime reading through the thread last night - I don't want to dilute/distract from the excellent work - it was the shiny DAX that drew me here like a fly on one of those blue zappy things

Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
  • #43,814
  • Aug 28, 2019 2:54am Aug 28, 2019 2:54am
Quoting Chrobakx
Billy's bar worked again, +5 Now I need broker with big leverage {image}
Nice... Go for Aussie broker for that if you like.... BTW when would you counter? Did you placed a order for entry or manual?
  • #43,815
  • Aug 28, 2019 2:59am Aug 28, 2019 2:59am
Quoting Patje
{quote} Nice... Go for Aussie broker for that if you like.... BTW when would you counter? Did you placed a order for entry or manual?
I missed the first break-up with pending order( wrong numbers), then entered manually on retrace, I was prepared to enter short with same lot at mid line to counter and then on the bottom of the candle with double lot.
I had IC markets in the past, it was good.
  • #43,816
  • Aug 28, 2019 2:59am Aug 28, 2019 2:59am
Quoting lemercenaire
{quote} I am lucky enough to have a large bank behind me and the proportion risked - while it may seem large as cash - as a percent of that bank it is small, so all I am looking at is whether all the legs are green or red and playing them off one another. Green, red, green, red, green, green, green.
I see ... that way you can basically place a 5 pip target and 100 pip catastrophe sl, if it ever happens ...
Fix up, trade sharp ...
  • #43,817
  • Aug 28, 2019 3:02am Aug 28, 2019 3:02am
Quoting Davidh061
{quote} Hi Lem, yes patience is everything. I've almost stopped looking at the currency pairs, there aren't many days when I can't find something on the DAX that suits my style of trading. Makes it sound like I'm an old hand - but I'm new to the DAX since I started following this thread having had too many SL hits on my usual go-to currency pairs (EU and GU). Not sure Renko entirely fits with this thread! I spent sometime reading through the thread last night - I don't want to dilute/distract from the excellent work - it[/highlight]...
Nothing wrong with Renko. I like the look of it myself but can't be bothered with the faff of offline charts and all that bumpff.

The core of this thread is to follow Billy's and Claudia's lead. Find a niche, make it your own and run with it.

You are at home here!
  • #43,818
  • Aug 28, 2019 3:04am Aug 28, 2019 3:04am
Quoting Hickson
{quote} I see ... that way you can basically place a 5 pip target and 100 pip catastrophe sl, if it ever happens ...
I will have a Dead Man Stop based on a higher time frame.

Stops placed on HTF, trades entered on Lower.

It'll never be 100 pips though, lol.
  • #43,819
  • Aug 28, 2019 3:05am Aug 28, 2019 3:05am
Now that was a fun way to start the day. Closed + 28 after a few re-quotes.
Attached Image (click to enlarge)
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  • #43,820
  • Aug 28, 2019 3:09am Aug 28, 2019 3:09am
Not perfect but good enough - and sometimes that's fine.

The red line below is the edge of the micro Demand Zone I was looking at price moving to. Didn't quite get as far as I had hoped and I bailed as I was getting turning-point pa (successive higher lows).

DAX 1-min Scratch Scratch +0.5 +1 +1.5 +2 +3 +4 [+12]

Attached Image (click to enlarge)
Click to Enlarge Name: DAXmorningplayNotPerfectButOk28thaug19forScratchScratch+0.5+1+1.5+2+3+4.png Size: 45 KB
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