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Billytt Die happy trading e/j daily breakout

  • #44,081
  • Sep 5, 2019 7:41am Sep 5, 2019 7:41am
Quoting fxray
Hi Everyone Just wondering if I may join your merry gang? I've been 'lurking' for some time but have now had therapy for for it:-) Been trawling through the posts for some while piecing together all the 'Clues' which have been most interesting and moving away from wiggly lines and undoing a lot of what I thought I knew. Tend to DWZ using 1hr charts mainly GBP sometimes UJ - so far so good. I find 15min Billy bar etc too fast for me and as for you Lem scalping 1 minute...leaves me breathless. Anyway this is what I trade off[/highlight]...
Welcome, Ray. Good to have you here...yes, I have seen you out there in the undergrowth!

Glad you have come over to the Dark Side, however just be aware that there will always be a period of relapse (usually after your first bad day) when you will feel an overwhelming urge to fill your charts with every indicator you can find. Just relax into it - this is perfectly natural and after an application of Guns 'n' Roses, Linda Ronstadt, Clapton and Steel Woods, the indis will fall away again and you will come out the other side clean and healthy.

Welcome aboard.

Watch the Skies
  • #44,082
  • Sep 5, 2019 7:43am Sep 5, 2019 7:43am
Quoting lemercenaire
{quote} Welcome, Ray. Good to have you here...yes, I have seen you out there in the undergrowth! Glad you have come over to the Dark Side, however just be aware that there will always be a period of relapse (usually after your first bad day) when you will feel an overwhelming urge to fill your charts with every indicator you can find. Just relax into it - this is perfectly natural and after an application of Guns 'n' Roses, Linda Ronstadt, Clapton and Steel Woods, the indis will fall away again and you will come out the other side clean...
Got Linda on right now ' Tumbling Dice' great version.
  • #44,083
  • Sep 5, 2019 7:47am Sep 5, 2019 7:47am
Quoting claudia1
{quote} Got Linda on right now ' Tumbling Dice' great version.
Lol, great minds. That was me all morning - now:

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I can't get my head into anything much today. Weird day. Think I need to get up a hill somewhere to clear my head...or the beach...or...???
  • #44,084
  • Sep 5, 2019 7:50am Sep 5, 2019 7:50am
Quoting lemercenaire
{quote} Lol, great minds. That was me all morning - now: https://www.youtube.com/watch?v=7TNZyBPai5Q I can't get my head into anything much today. Weird day. Think I need to get up a hill somewhere to clear my head...or the beach...or...???
Missed out Fleetwood.
  • #44,085
  • Sep 5, 2019 8:07am Sep 5, 2019 8:07am
  •  bonjour
  • | Joined Aug 2019 | Status: your life is your fault; change it | 43 Posts
Somebody has nuked IGs datacentre....
Hopefully the IT director will get the sack
Need more brokers.......lol
You adapt, evolve, compete or die..losers average losers
  • #44,086
  • Sep 5, 2019 8:08am Sep 5, 2019 8:08am
Quoting lemercenaire
{quote} Lol, great minds. That was me all morning - now: https://www.youtube.com/watch?v=7TNZyBPai5Q I can't get my head into anything much today. Weird day. Think I need to get up a hill somewhere to clear my head...or the beach...or...???
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Showing 6/1 at Salisbury 15.40. Not your type of race but worth an ew ?
  • #44,087
  • Sep 5, 2019 8:29am Sep 5, 2019 8:29am
Quoting claudia1
{quote} Missed out Fleetwood.
I missed out loads - the original list was 100 pages long
  • #44,088
  • Sep 5, 2019 8:30am Sep 5, 2019 8:30am
Quoting lemercenaire
{quote} I missed out loads - the original list was 100 pages long
lol can imagine. There's a song !!!
  • #44,089
  • Sep 5, 2019 8:42am Sep 5, 2019 8:42am
Quoting claudia1
{quote} https://www.youtube.com/watch?v=JXUH7Wk8-WI Showing 6/1 at Salisbury 15.40. Not your type of race but worth an ew ?
I am going to choose to ignore the fact that there has been an outbreak of Cheritis on the thread - where that comes from, I truly don't know...

As for your horse, as it's not a Handicap, I don't have my usual info to go on but running on form, yep, it is worth an ew. The other two contenders there with her are just as appealing in their own ways however. Tough wee race.
  • #44,090
  • Sep 5, 2019 8:44am Sep 5, 2019 8:44am
Over on The Dead Zone, we had a Long Bias only with UC and it was certainly worth a punt as well. Didn't exactly leave the competition standing but got the +5 just about...

Dead Zone USDCAD

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  • #44,091
  • Sep 5, 2019 8:45am Sep 5, 2019 8:45am
Quoting lemercenaire
{quote} I am going to choose to ignore the fact that there has been an outbreak of Cheritis on the thread - where that comes from, I truly don't know... As for your horse, as it's not a Handicap, I don't have my usual info to go on but running on form, yep, it is worth an ew. The other two contenders there with her are just as appealing in their own ways however. Tough wee race.
Just blame Billy.
  • #44,092
  • Sep 5, 2019 8:48am Sep 5, 2019 8:48am
Quoting claudia1
{quote} Just blame Billy.
Always...
  • #44,093
  • Sep 5, 2019 8:54am Sep 5, 2019 8:54am
Quoting lemercenaire
{quote} Always...
One of favourite songs - robot is in charge going for a late lunch or is it an early aperitif - either way I know where i'm going.
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  • #44,094
  • Sep 5, 2019 9:52am Sep 5, 2019 9:52am
Quoting lemercenaire
{quote} I am going to choose to ignore the fact that there has been an outbreak of Cheritis on the thread - where that comes from, I truly don't know... As for your horse, as it's not a Handicap, I don't have my usual info to go on but running on form, yep, it is worth an ew. The other two contenders there with her are just as appealing in their own ways however. Tough wee race.
Paid for for my aperitif and some more. Just got lucky.
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  • #44,095
  • Sep 5, 2019 10:34am Sep 5, 2019 10:34am
Quoting claudia1
{quote} Welcome along - forget the charts post some music.
Thanks for the welcome Claudia...how about kicking off with this classic...Heart - Stairway to Heaven
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  • #44,096
  • Sep 5, 2019 10:37am Sep 5, 2019 10:37am
Quoting lemercenaire
{quote} Welcome, Ray. Good to have you here...yes, I have seen you out there in the undergrowth! Glad you have come over to the Dark Side, however just be aware that there will always be a period of relapse (usually after your first bad day) when you will feel an overwhelming urge to fill your charts with every indicator you can find. Just relax into it - this is perfectly natural and after an application of Guns 'n' Roses, Linda Ronstadt, Clapton and Steel Woods, the indis will fall away again and you will come out the other side clean...
Thanks for the welcome Lem. Been weening myself off squigglies during the past 6 months. Then discovered 'aliens'
and the penny dropped, but still learning (allways learning)!

Ray
  • #44,097
  • Sep 5, 2019 11:23am Sep 5, 2019 11:23am
Quoting claudia1
{quote} Paid for for my aperitif and some more. Just got lucky. {image}
No, not luck. Dodgy favourite and three clear challengers - that's playing the percentages. Always on for a place at least. My kind of game. Nicely done.
  • #44,098
  • Sep 5, 2019 11:38am Sep 5, 2019 11:38am
Quoting lemercenaire
{quote} No, not luck. Dodgy favourite and three clear challengers - that's playing the percentages. Always on for a place at least. My kind of game. Nicely done.
Have a look at 13.55 tomorrow - again it's not a handicap but Adam can win these races with a silly named horse which helps.
  • #44,099
  • Sep 5, 2019 12:16pm Sep 5, 2019 12:16pm
Quoting claudia1
{quote} Have a look at 13.55 tomorrow - again it's not a handicap but Adam can win these races with a silly named horse which helps.
I'll have a look, cheers.
  • #44,100
  • Sep 5, 2019 1:00pm Sep 5, 2019 1:00pm
Quoting Barraka
@lemercenaire: Hi again, Would you mind going over the rules of the dead zone / wick zone, as mentioned previously? Or if there is a written recap that would also be fine. Thanks!
Right, I wanted to answer this before I forget I was asked.

The Dead Zone uses Wick Zone techniques but Wick Zone methodology is a stand-alone method as well.

First up, as some background, The original Wick Zone method was based only on the Daily TF and was formed around TRO's findings and the stats that came from the fact that price always wants to leave the Wick Zone. That's what we trade.

You can trade as price breaks to the outside of the previous day's zones - ie the High and Low - or as price returns back into the area formed by the previous day's candle's body (my preferred variant).

So, using this concept, I transferred it over into every candle I could find ...

Only joking - but not much.

So, The Dead Zone. This is the zone formed by the hour before the US Open. We then trade this H1 candle as a WZ trade, with the zone extending out through the day, enabling us to ''surf'' it should we wish.

Again, I prefer to trade the move back inside the body but external breaks are also valid.

I target +5% but as Billy says for his methods, that can just as easily be +5 pips, or points, or cabbages...whatever.

I used to run it ''naked'' as it were, including a mid-line. The mid-line can still be used but there is a fair bit of trader discretion involved in its use, so caution is advised until you learn how price can move around that line. Once you've seen it, you'll understand the different ways it can be used.

More recently, I have added a bias aspect to the method, using Supply + Demand Zones. That's just me, the method can be run without them, though if you do, I would tend to stick with UC, EJ and GU, especially UC.

Speaking of which, the pairs used are not random, instead they are specifically chosen for this method. They can be found back when I ran it more widely and should be looked at always in the order I used to post them in.

That may have changed slightly as pairs' behaviour changes over time but mostly, they will be good-to-go as they were then.

As for managing the trades themselves, well I personally use counter-trading in the style of our Cap'n Billy. That's not for everyone and in fact is much more awkward for traders since the ESMA s*** was introduced - and now US traders also have FIFO to contend with, just in case it wasn't bal**** up enough.

There are ways for US traders to get around this and I am sure you can figure it out if you need to - or you can just use hard stops and re-enter when you get the nod again.

Sorry, there is no PDF of the method.

Hope that helps but as always, feel free to ask questions as and when you feel like it.
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