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Billytt Die happy trading e/j daily breakout

  • #44,881
  • Oct 10, 2019 3:43am Oct 10, 2019 3:43am
Quoting ia1979
{quote} Hi Lem. I can't see WZ short trade, based on the 8am bar?Hope all is well with you and everyone else here. Been lurking on and off for a while due to work lol.
I think I've got it. You must mean a WZ short trade going back into the body from the top wick.
  • #44,882
  • Oct 10, 2019 3:45am Oct 10, 2019 3:45am
Quoting ia1979
{quote} Hi Lem. I can't see WZ short trade, based on the 8am bar?Hope all is well with you and everyone else here. Been lurking on and off for a while due to work lol.
Short from the set-up bar upper zone. Then a second entry off the next one as price retraced (which was slightly below the last level but it's my ball and I'll play whatever game I like with it!
  • #44,883
  • Oct 10, 2019 3:46am Oct 10, 2019 3:46am
Quoting lemercenaire
{quote} Short from the set-up bar upper zone. Then a second entry off the next one as price retraced (which was slightly below the last level but it's my ball and I'll play whatever game I like with it!
At the moment, I am basically surfing the Upper WZ of that set-up 15-min bar. I am waiting on a sparky turning up and need something to stop me going stir-crazy, lol.
  • #44,884
  • Oct 10, 2019 3:47am Oct 10, 2019 3:47am
Quoting lemercenaire
{quote} At the moment, I am basically surfing the Upper WZ of that set-up 15-min bar. I am waiting on a sparky turning up and need something to stop me going stir-crazy, lol.
Another +6.
  • #44,885
  • Oct 10, 2019 3:48am Oct 10, 2019 3:48am
Cable. 08-00 15 bar.
Low broke and Failed. It happens, retrace trade (might) of been good, it all depended on what you were after.
00-00 4 hour bar made 20ish, this I didn't trade .
t 09-46

t 09-48
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,886
  • Oct 10, 2019 3:57am Oct 10, 2019 3:57am
Quoting lemercenaire
{quote} Another +6.
Seems like you pros do better when the original trade fails lol. Mind = boggled. Shows the power of the WZ trades.
  • #44,887
  • Oct 10, 2019 4:00am Oct 10, 2019 4:00am
Quoting billytt
Cable. 08-00 15 bar. Low broke and Failed. It happens, retrace trade (might) of been good, it all depended on what you were after. 00-00 4 hour bar made 20ish, this I didn't trade . t 09-46 t 09-48
Billy did you ever use the 4am-8am bar to trade, or was it always the 12am-4am bar? Thanks.
  • #44,888
  • Oct 10, 2019 4:02am Oct 10, 2019 4:02am
Quoting lemercenaire
{quote} Another +6.
Added another +4 and the original is back at break-even.
  • #44,889
  • Oct 10, 2019 4:05am Oct 10, 2019 4:05am
Quoting ia1979
{quote} Seems like you pros do better when the original trade fails lol. Mind = boggled. Shows the power of the WZ trades.
I am also using a bit of mean reversion sauce in the mix today. It all goes in the pot here .

WZ is all-powerful. At its most basic, take a look at every candle - look at what happens at the Close/Open level between each one. How many times does price simply continue on exactly at the same level? How many times do you see a retrace back into the previous body, no matter if only for a small distance? That's the power at the heart of it all.
  • #44,890
  • Oct 10, 2019 4:08am Oct 10, 2019 4:08am
Quoting lemercenaire
{quote} I am also using a bit of mean reversion sauce in the mix today. It all goes in the pot here . WZ is all-powerful. At its most basic, take a look at every candle - look at what happens at the Close/Open level between each one. How many times does price simply continue on exactly at the same level? How many times do you see a retrace back into the previous body, no matter if only for a small distance? That's the power at the heart of it all....
Ah well, the original didn't quite hit the +5 on a small spike down there but I closed at +3.7 as I have more than covered any shortfall this morning. I may still play the zone but am aware of the coming red news. I also desperately need a brew and my ass is numb!

Have fun all who stick around.
  • #44,891
  • Oct 10, 2019 4:26am Oct 10, 2019 4:26am
Quoting lemercenaire
{quote} Ah well, the original didn't quite hit the +5 on a small spike down there but I closed at +3.7 as I have more than covered any shortfall this morning. I may still play the zone but am aware of the coming red news. I also desperately need a brew and my ass is numb! Have fun all who stick around.
Lower TF Supply Zone formed, which adds even more weight to any short decision...not for me, though, no no, I am taking a break
  • #44,892
  • Oct 10, 2019 4:27am Oct 10, 2019 4:27am
Quoting ia1979
{quote} Hi Billy. Both the low and high of the 8am bar have been broken this morning. Lots of indecision it would seem.
It happens.
in a away I am glad as it shows that we do have Fails.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,893
  • Oct 10, 2019 4:28am Oct 10, 2019 4:28am
Quoting ia1979
{quote} Seems like you pros do better when the original trade fails lol. Mind = boggled. Shows the power of the WZ trades.
I make more off fails when I correct them.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,894
  • Oct 10, 2019 4:28am Oct 10, 2019 4:28am
New friend winding up again for something silly. Seems to have a mad day them a quiet day - know the feeling.

Orders both sides ... still holding a buy looking for the 10 that is nicely ahead (so far).
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  • #44,895
  • Oct 10, 2019 4:29am Oct 10, 2019 4:29am
Quoting ia1979
{quote} Billy did you ever use the 4am-8am bar to trade, or was it always the 12am-4am bar? Thanks.
i used to Trade the 04-00 / 08-00 4 hour bar UK time, with A/U which was very good and steady.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,896
  • Oct 10, 2019 4:36am Oct 10, 2019 4:36am
Quoting lemercenaire
{quote} Lower TF Supply Zone formed, which adds even more weight to any short decision...not for me, though, no no, I am taking a break
So, that excursion into Billy-Bar fun ended up bagging +24.4 overall...I think I added that up right!

Not-The-Billy-Bar +5

DAX +23.4
  • #44,897
  • Oct 10, 2019 5:20am Oct 10, 2019 5:20am
Quoting lemercenaire
{quote} So, that excursion into Billy-Bar fun ended up bagging +24.4 overall...I think I added that up right! Not-The-Billy-Bar +5 DAX +23.4
Why not combine the two and look for a break of 7.45 (pre-market) to 8.15 (orders filled) range.

Robot time.
  • #44,898
  • Oct 10, 2019 5:44am Oct 10, 2019 5:44am
Quoting claudia1
{quote} Why not combine the two and look for a break of 7.45 (pre-market) to 8.15 (orders filled) range. Robot time.
I feel that more often than not they are continuation candles and so you miss the first bag and in effect make a large single candle. This would mean that if it did break, you are simply in effect still trading just the second bar.

Should that fail and reverse, then if you wait for a break of the opposite side, your negative will be much larger - and if you play it WZ, then again, you may as well just play the second bar.
  • #44,899
  • Oct 10, 2019 5:48am Oct 10, 2019 5:48am
Quoting lemercenaire
{quote} I feel that more often than not they are continuation candles and so you miss the first bag and in effect make a large single candle. This would mean that if it did break, you are simply in effect still trading just the second bar. Should that fail and reverse, then if you wait for a break of the opposite side, your negative will be much larger - and if you play it WZ, then again, you may as well just play the second bar.
Lol ok.

Still say 04.00 to 08.00 is best option. Maybe have a look at 04.00 to 08.15.

Same concept applies to NY open but nobody seems interested in that.

Back playing with robot which is what this is all about. No harm throwing ideas about.
  • #44,900
  • Oct 10, 2019 5:48am Oct 10, 2019 5:48am
Quoting claudia1
{quote} Why not combine the two and look for a break of 7.45 (pre-market) to 8.15 (orders filled) range. Robot time.
Where a bot may be useful is actually when you run both. In situations where the first fails and you are managing it while the second bar comes into play...that gets interesting, lol.
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