Billytt Die happy trading e/j daily breakout | Page 2337 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #46,721
  • Jan 24, 2020 5:12am Jan 24, 2020 5:12am
Dax
Win two and lose two. Reasonable morning
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every Saint has a past. Every Sinner has a Future
  • #46,722
  • Jan 24, 2020 5:59am Jan 24, 2020 5:59am
Good day selling cable eventually. Finished for the week I know where I'm headed.

Bit early for music but I'll beat Lem to the weekend run.

@Lem Hayley managed a 5/1 win at Newcastle last night. Always an e/w.

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  • #46,723
  • Jan 24, 2020 10:32am Jan 24, 2020 10:32am
Happy weekend all. I took the billy bar for a smaller %, but traded the cross back under 1.3150 for smaller pips with a big lot, and made my 5%.
  • #46,724
  • Jan 24, 2020 11:48am Jan 24, 2020 11:48am
Final Dead Zone of the week.

No apparent directional bias at first glance but the straight break did the job.

Dead Zone UC

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So, as I said, no apparent bias. However for those of us who have a smattering of DNA, you can find what you need, when you need it.

In this case, we get a rebound from a 50-level / Z-Line. So we can look at a short only play. Again, this gave us a target hit on the straight break. However, you could have bagged a good bit more by going in on the WZ entry as well.

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  • #46,725
  • Jan 24, 2020 11:58am Jan 24, 2020 11:58am
Anyway, the weekend is upon us and off we go.

Claudia has been up first and it's my turn now - and I feel like something epic!

Have a great weekend everyone.

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  • #46,726
  • Jan 24, 2020 1:55pm Jan 24, 2020 1:55pm
Have a good weekend all.
Take Care.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,727
  • Jan 24, 2020 1:57pm Jan 24, 2020 1:57pm
Well, ok...there's an epilogue.

I told you I was in the mood for epic and therefore the above track was playing. So, as it turns out, I had the double album itself playing (Works Vol I for those interested...even includes a guest slot for Joe Walsh ) and hey, it just puts you in the mood to dance with The Monster.

This is the result...

DAX 5-min Simple is as simple gets. Play off the 89 and 23.6-level, c/w micro S+D and a return to the Z-Line.

Almost closing out...just...about...there...

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And we're out.

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Soooooooooooo...that was...

+10.7 +13.5 +15.2 +16.5 +19.7 +21.7 +23 +31.2 +33.7 +34 +34.7 +34.7 +65.8 +66.8 +66.8 +67.3 +67.8

Total: [17 entries for +623.1]

I don't do it very often, as I loathe being exposed to the market for so long and normally I would hate to hunker down baby-sitting it. However in this case (a) I genuinely had nothing else to do and (b), just as I would be getting ready to say that I'll take that, I'd get another interesting line appearing (50-level being one, along with 1-min micro S+D on top of the 5-min ones) that would give me another opportunity to add-in.

There were just no real signs of it stopping.

On top of that, the tendency of the DAX to try and get back to where it began any given decent move...well, what can you do but go with it.

And with that, friends...exit, stage left.
  • #46,728
  • Jan 24, 2020 2:56pm Jan 24, 2020 2:56pm
[quote=lemercenaire;12720366]Well, ok...there's an epilogue. I told you I was in the mood for epic and therefore the above track was playing. So, as it turns out, I had the double album itself playing (Works Vol I for those interested...even includes a guest slot for Joe Walsh ) and hey, it just puts you in the mood to dance with The Monster. This is the result... DAX 5-min Simple is as simple gets. Play off the 89 and 23.6-level, c/w micro S+D and a return to the Z-Line. Almost closing out...just...about...there... {image} And we're out. {image} Soooooooooooo...that was... +10.7 +13.5 +15.2 +16.5 +19.7 +21.7 +23 +31.2 +33.7 +34 +34.7 +34.7 +65.8 +66.8 +66.8 +67.3 +67.8 Total: [17 entries for +623.1]

bloody hell - well played! Looks like u can treat yourself to a nice bottle of sancerre tonight!

have a good weekend all
  • #46,729
  • Edited 5:40pm Jan 24, 2020 5:28pm | Edited 5:40pm
Quoting billytt
{quote} Hi Mr G, I will answer you very politely and honestly. Daily and 4 hour bars are the best for inside bar/outside bar trading. Shorter time frame out/in bar are not consistent enough.. If you can prove me wrong I would love you to, What happens with a failure how do we fix? my original methods were based on me losing the first trade. Trade well bud.
My thought was the same, Billy. Then, i started monitoring this pattern on m5 and m15 1 year ago, and the reliability of it on those timeframes, with analysis and contextualization, it's something fantastic.

Regard the loss management, you can use a SL under the low/above the high. Here you can see some valid opportunities from Lem' s screen, no cherry picking as always.
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  • #46,730
  • Jan 24, 2020 6:45pm Jan 24, 2020 6:45pm
Quoting MrGreen95
{quote} My thought was the same, Billy. Then, i started monitoring this pattern on m5 and m15 1 year ago, and the reliability of it on those timeframes, with analysis and contextualization, it's something fantastic. Regard the loss management, you can use a SL under the low/above the high. Here you can see some valid opportunities from Lem' s screen, no cherry picking as always. {image}
Blue ones as well, MrG?

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  • #46,731
  • Jan 25, 2020 1:49am Jan 25, 2020 1:49am
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  • #46,732
  • Jan 25, 2020 2:10am Jan 25, 2020 2:10am
Quoting claudia1
{image}
8654 seems significant?
  • #46,733
  • Edited 4:25am Jan 25, 2020 4:11am | Edited 4:25am
Quoting lemercenaire
{quote} Blue ones as well, MrG? {image}
Good morning Lem.

1, 3 and 4 starting from the left are valid. Sorry if i missed it, i was tired. The 5 doesn’t close under the low, or it seems to close but it’s imperceptible. I prefer more clear patterns, that’s why i would not consider it valid.

Anyway, in general, i prefer more simmetry, clear breakouts and closes below the low/above the high and no big gaps

trade well
  • #46,734
  • Jan 25, 2020 7:34am Jan 25, 2020 7:34am
[quote=lemercenaire;12720366]Well, to dance with The Monster. This is the result... DAX 5-min Simple is as simple gets. Play off the 89 and 23.6-level, c/w micro S+D and a return to the Z-Line. Almost closing out...just...about...there... {image} And we're out. {image} Soooooooooooo...that was... +10.7 +13.5 +15.2 +16.5 +19.7 +21.7 +23 +31.2 +33.7 +34 +34.7 +34.7 +65.8 +66.8 +66.8 +67.3 +67.8 Total: [17 entries for +623.1]
"Cool Hand Luke" Outstanding Lem, great result, wonderful to see. Take care Buddy.
  • #46,735
  • Jan 25, 2020 1:08pm Jan 25, 2020 1:08pm
Quoting lemercenaire
{quote} 8654 seems significant?
I really don't know as I still don't understand this thing.
  • #46,736
  • Jan 25, 2020 2:56pm Jan 25, 2020 2:56pm
Quoting lemercenaire
{quote} Blue ones as well, MrG? {image}

Looking at this chart my eye can't escape that middle structure where it moves above the MA , has a wannabe shooting star then big bear candle and retracement below MA. How come that reversal gets no love. Then I'm drawn to the second last blue setup another beefy bear. One fault with my trading is that I would look at that blue set up and go yes, confirmation, instead of yes, add more more. I hate late entries and I would see that as a possible late entry rather than ideal position to add. Also i thought engulfing candles really needed the body to engulf, not including tails... probably one of the many rules I'm vague on. I trade the Asian session and London tends to wipe out Asian moves effortlessly, so if a move has trended for 2 hours during Asian I tend to think it's maxed out, so TP and review at London. I used to like having a SL below Asian open to let London have it's tantrum but inevitably it means I lose my nice profit and have a sad little tantrum myself. Clearly it's different trading London and NY, as moves there can last for +6 hours - I think that might happen 1 day in 5 for Asian. I haven't traded Dax etc.
H
  • #46,737
  • Jan 26, 2020 4:06am Jan 26, 2020 4:06am
Quoting claudia1
{image}
Didn't quite fill the 'gap' but it had a good try.
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  • #46,738
  • Jan 26, 2020 4:30am Jan 26, 2020 4:30am
Hi to everyone,

I hope everyone is having a good weekend

Been reading through the thread, very informative.

I've been looking at H4 Bars and trying to incorporate them into my Short Term Trading Method (M15/M1)

I really like the 00.00 4.00 Break Out Method, I believe Billy introduced

Personally I find it very difficult to Trade the Initial Break I've always been more comfortable Trading PullBacks to a specific Point before taking a Trade.

The Chart below shows how successful this approach would have been over the last 6 Days

I work full time so the time I have to Trade is limited but when I see something setting up I will post a chart
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  • #46,739
  • Jan 26, 2020 4:56am Jan 26, 2020 4:56am
Quoting stevepatt
Hi to everyone, I hope everyone is having a good weekend Been reading through the thread, very informative. I've been looking at H4 Bars and trying to incorporate them into my Short Term Trading Method (M15/M1) I really like the 00.00 4.00 Break Out Method, I believe Billy introduced Personally I find it very difficult to Trade the Initial Break I've always been more comfortable Trading PullBacks to a specific Point before taking a Trade. The Chart below shows how successful this approach would have been over the last 6 Days I work full time so...
Hi Steve, I've noticed you dropping in

The pullback entry is certainly an option for The Dead Zone and no doubt for most if not all of the others, however just bear in mind that Billy has his frequency distribution stats based on first break and so that legwork has already been done.

Anyway, as a fan of the odd pullback entry myself, welcome to the thread again and hopefully you'll stick around.
  • #46,740
  • Jan 26, 2020 7:15am Jan 26, 2020 7:15am
Quoting lemercenaire
{quote} Hi Steve, I've noticed you dropping in The pullback entry is certainly an option for The Dead Zone and no doubt for most if not all of the others, however just bear in mind that Billy has his frequency distribution stats based on first break and so that legwork has already been done. Anyway, as a fan of the odd pullback entry myself, welcome to the thread again and hopefully you'll stick around.

Hi Lem,

You can't argue with the Stats.

But it goes against my natural instinct to Trade the Break

I'll have to keep an on it

It's good to see a Thread with such a positive vibe to it, think I'll stick around
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