Billytt Die happy trading e/j daily breakout
- #44,982
- Oct 16, 2019 2:27am Oct 16, 2019 2:27am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Do you realise you have made over 21,000 posts here lol. Lem can only manage 15,000 or so.
- #44,983
- Oct 16, 2019 2:38am Oct 16, 2019 2:38am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
'Morning all. As usual for a Wednesday, no early morning stuff for me. Looking at the Not-The-Billy-Bar, it was far too large and would have been dumped (it did go on to break low for the +5 and more) and as Billy has said, The Billy-Bar, although also perhaps at the upper limit size-wise, broke short and hit tp and more easily.
The DAX has been err...interesting, lol. Hope all are safe out there, fingers un-singed.
For me, I ran a couple of 1-min HOLO plays as price sat in the micro-range. Those bags will set me for the day. However, as I scanned the screens, I also nabbed a move from this t-89 Chart (1-min around the 89 ema). The actual trade wasn't a t-89 entry as such (I missed that entry 'coz I blinked, lol) but a jump on board a move down out of the micro-Supply Zone that (was) there.
I was taking a little risk here, as price was actually looking like it was closing above the 50-level /
Z-Line but I figured there was at least one more pony ride along the beach before it would switch to the upside. There was.
DAX 1-min Drop from Micro-Supply +2.5 +4.2 +4.5 +6 +6.2 [+23.4]
The DAX has been err...interesting, lol. Hope all are safe out there
, fingers un-singed.For me, I ran a couple of 1-min HOLO plays as price sat in the micro-range. Those bags will set me for the day. However, as I scanned the screens, I also nabbed a move from this t-89 Chart (1-min around the 89 ema). The actual trade wasn't a t-89 entry as such (I missed that entry 'coz I blinked, lol) but a jump on board a move down out of the micro-Supply Zone that (was) there.
I was taking a little risk here, as price was actually looking like it was closing above the 50-level /
Z-Line but I figured there was at least one more pony ride along the beach before it would switch to the upside. There was.DAX 1-min Drop from Micro-Supply +2.5 +4.2 +4.5 +6 +6.2 [+23.4]
- #44,984
- Oct 16, 2019 2:47am Oct 16, 2019 2:47am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Heading out for a bit and my car's here, so I better go. The driver gets miffed if I keep him waiting...
- #44,986
- Oct 16, 2019 4:24am Oct 16, 2019 4:24am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Dipping in-and-out of things today and the t-89 is standing me in good stead. Haven't even looked at The Lightning charts.
Here, we got a solid rejection candle, the retrace and then entry off that level with a pull towards Supply.
DAX 1-min t-89 +8.2
Here, we got a solid rejection candle, the retrace and then entry off that level with a pull towards Supply.
DAX 1-min t-89 +8.2
- #44,987
- Oct 16, 2019 5:37am Oct 16, 2019 5:37am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Was having lunch and caught this madness out the corner of my eye, lol. Not able to get any of it directly as a result of stuffing my face but did nab a little something on a quick Spike-Hunt. Fair enough. Take what you can.
DAX 1-min Spike-Hunt +8
DAX 1-min Spike-Hunt +8
- #44,990
- Oct 16, 2019 12:31pm Oct 16, 2019 12:31pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Had a quick look at The Dead Zone. UC actually wouldn't have been my call today. Price was giving no real directional bias info. A straight break would have bagged for you but nah, not for me.
Instead, AU would have been a pretty strong contender off a likely Long Bias.
Cable would also have figured in calculations, assuming that the Demand Zone shown had formed early enough.
Then, speaking of Demand Zones...well, you couldn't ask for a more solid one here, giving EJ a rock-solid Long Bias.
However, if we are going down that route, then Gold was simply unbeatable.
Instead, AU would have been a pretty strong contender off a likely Long Bias.
Cable would also have figured in calculations, assuming that the Demand Zone shown had formed early enough.
Then, speaking of Demand Zones...well, you couldn't ask for a more solid one here, giving EJ a rock-solid Long Bias.
However, if we are going down that route, then Gold was simply unbeatable.
- #44,992
- Oct 16, 2019 4:04pm Oct 16, 2019 4:04pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Been through this thread a couple of times and always find something useful in it so thanks a lot to the regular contributors. Lem you used to trade the Dax based on the 6am and 7am 1 hour bars. Did you stop that at some point, or do you just not post about it any more? Looked like a solid set up most days. You needed to have a quick trigger/counter finger to tame that beast though lol.
It was running that time slot that got me calling The DAX, The Monster. It can be truly brutal if you are trading it as a break of the 2hr block. To say that you need a fast trigger-finger and extreme clarity of purpose with laser focus would probably be the understatement of the year.I will still have it blocked out and sitting on a screen in the background but I am not actually trading it as a stand alone entity, no. Reason being, it was my unwinding-the-counter technique that I used for this that became more profitable in the long run.
I was asked by my brother, who is a heavyweight fund trader (when he saw what I was doing and the rewards coming from my recovery technique), why I didn't simply use that instead...and of course it made perfect sense.
On top of that, the 2hr Block Method (The Original DAX-Monster) was still raw, a work-in-progress. There were and are still some rough edges that need(ed) to be smoothed down. I had just begun to look at directional bias, for instance. I may get back to it at some point but at the moment, it is on the back-burner.
- #44,993
- Oct 16, 2019 10:47pm Oct 16, 2019 10:47pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #44,995
- Oct 16, 2019 11:20pm Oct 16, 2019 11:20pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #44,996
- Oct 16, 2019 11:29pm Oct 16, 2019 11:29pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #44,997
- Oct 17, 2019 12:18am Oct 17, 2019 12:18am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #44,998
- Oct 17, 2019 12:39am Oct 17, 2019 12:39am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #44,999
- Oct 17, 2019 1:03am Oct 17, 2019 1:03am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Cable. 08-00. 15 minute break... High broke for +5%. I almost didn't trade it. Trade well all. t 08-39
I am waiting on broadband techie dudes (that's their official title
) so won't be in on anything till I get that visit out of the way. Apparently "morning" is now classed as any time between 08:30 - 13:00 so I could be twiddling my thumbs for a while yet - and that's assuming they get it all done today in one sitting of course.Have fun without me. I'll just sit here all alone in the dark. Screens off. Woe is me...
