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Billytt Die happy trading e/j daily breakout

  • #44,901
  • Oct 10, 2019 6:03am Oct 10, 2019 6:03am
Quoting lemercenaire
{quote} 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.
Ok but the idea of the robot to me is that I don't have to manage the trade.

There is no perfect answer of course just keep plodding on !
  • #44,902
  • Oct 10, 2019 6:11am Oct 10, 2019 6:11am
Quoting claudia1
{quote} Sticking with that. Anything could happen on the way and probably will ... Got a little open position long from 8150 yesterday and will sit it out - guess that's the only way to understand this thing. Edit: entered off area posted yesterday saw as support. Was wrong as it dropped but going ok now. {image}
That drop looks more like a Demand Clear Out. Always so easy to see in hindsight
  • #44,903
  • Oct 10, 2019 6:13am Oct 10, 2019 6:13am
Quoting claudia1
{quote} 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.
I am happy with The Dead Zone and UC at US Open. Just let it do it's thing.
  • #44,904
  • Oct 10, 2019 6:14am Oct 10, 2019 6:14am
Quoting claudia1
{quote} Ok but the idea of the robot to me is that I don't have to manage the trade. There is no perfect answer of course just keep plodding on !
Yeah, that's what I meant. It gets rather too hectic even for me when you have both running counters at the same time. So letting a bot do the overview is attractive.
  • #44,905
  • Oct 10, 2019 6:15am Oct 10, 2019 6:15am
Quoting lemercenaire
{quote} That drop looks more like a Demand Clear Out. Always so easy to see in hindsight
Anybody's guess. See what happens next.
  • #44,906
  • Oct 10, 2019 6:16am Oct 10, 2019 6:16am
Be back 13.30 I know where I'm headed.
  • #44,907
  • Edited 6:53am Oct 10, 2019 6:29am | Edited 6:53am
Quoting claudia1
{quote} 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.
... some of my robots playing with WTI/USOIL breakouts to hunt for +5 Pips for about 3 months:

01:00 - 01:15 GMT+2
02:00 - 06:00 GMT+2

All trades closed +5 pips profit - no open trades, except todays trade in the moment of writing.

Using Billys bar - there are couple of trades still open

regards
Mucky

edit: WTI 01:00 - 01:15 GMT+2 closed :-)
  • #44,908
  • Oct 10, 2019 7:06am Oct 10, 2019 7:06am
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.
And if they are continuation candles, therein lies the edge. I might have a look at collating some stats for this.
  • #44,909
  • Oct 10, 2019 7:25am Oct 10, 2019 7:25am
Quoting ia1979
{quote} And if they are continuation candles, therein lies the edge. I might have a look at collating some stats for this.
Correct. I found the same formations happening again and again in my old original DAX play, the two hour block 06:00 - 08:00 UK time. You also see it especially on The Witching Hour.
  • #44,910
  • Oct 10, 2019 7:38am Oct 10, 2019 7:38am
Quoting claudia1
{quote} 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.
4-8 is good option as it's busting out of the best part of Asian session,
only downfall is bigger bar and bigger bank needed maybe.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,911
  • Oct 10, 2019 7:45am Oct 10, 2019 7:45am
Maybe we will have a chance of chasing the Daily Low????
small range so far,maybe 30 .
t 13-44
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,912
  • Oct 10, 2019 8:26am Oct 10, 2019 8:26am
Quoting billytt
{quote} 4-8 is good option as it's busting out of the best part of Asian session, only downfall is bigger bar and bigger bank needed maybe.
It's back to range as play on A/J at night. On GU if it's around 20/25 you know it's going to break. If it's 40 or so then walk away.
  • #44,913
  • Oct 10, 2019 8:44am Oct 10, 2019 8:44am
Plus 10 on Dow. Now waiting. Top candles are spikey !!
every Saint has a past. Every Sinner has a Future
  • #44,914
  • Oct 10, 2019 9:03am Oct 10, 2019 9:03am
Quoting claudia1
{quote} If GBP pairs are a concern - for obvious reasons - maybe have a look at something safer such as gold. I follow it and I know Lem does. Just a thought.
Thanks for the tip Claudia...just took 50pips!

Ray
Attached Image
  • #44,915
  • Oct 10, 2019 9:05am Oct 10, 2019 9:05am
Quoting fxray
{quote} Thanks for the tip Claudia...just took 50pips! Ray
Hey well done !
  • #44,916
  • Oct 10, 2019 9:18am Oct 10, 2019 9:18am
Cable. Lol...
  • #44,917
  • Oct 10, 2019 9:47am Oct 10, 2019 9:47am
Quoting turnip15
Plus 10 on Dow. Now waiting. Top candles are spikey !!
But began to hold the line and go up.
Attached Image (click to enlarge)
Click to Enlarge Name: DOWTHURS.png Size: 490 KB
every Saint has a past. Every Sinner has a Future
  • #44,918
  • Oct 10, 2019 10:04am Oct 10, 2019 10:04am
And who looks at Gold ?
Posted purely out of interest.
One MINUTE Chart !!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 476 KB
every Saint has a past. Every Sinner has a Future
  • #44,919
  • Oct 11, 2019 12:43am Oct 11, 2019 12:43am
Morning all.
Cable. 00-00 4 hour bar.
High broke for approx 10. No trade by me.
Trade well all.
t06-43
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,920
  • Oct 11, 2019 1:42am Oct 11, 2019 1:42am
I knew it would happen....
i have just been looking at FTSE lol.
04-00 to 08-00. 4 hour bar.
trade the second break of High/Low. So if High breaks wait until Low breaks or vice versa.
sometimes it does not happen but hey ho.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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