every Saint has a past. Every Sinner has a Future
Billytt Die happy trading e/j daily breakout
- #46,724
- Jan 24, 2020 9:48am Jan 24, 2020 9:48am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Final Dead Zone of the week.
No apparent directional bias at first glance but the straight break did the job.
Dead Zone UC
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.
No apparent directional bias at first glance but the straight break did the job.
Dead Zone UC
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.
- #46,726
- Jan 24, 2020 11:55am Jan 24, 2020 11:55am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #46,727
- Jan 24, 2020 11:57am Jan 24, 2020 11:57am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
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...
And we're out.
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.
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...
And we're out.
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 12:56pm Jan 24, 2020 12:56pm
- Joined Dec 2018 | Status: Trader | 2,111 Posts
[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
) 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 3:40pm Jan 24, 2020 3:28pm | Edited 3:40pm
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
- #46,730
- Jan 24, 2020 4:45pm Jan 24, 2020 4:45pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{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}
- #46,733
- Edited 2:25am Jan 25, 2020 2:11am | Edited 2:25am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
- #46,734
- Jan 25, 2020 5:34am Jan 25, 2020 5:34am
- Joined Dec 2016 | Status: Trader | 1,408 Posts
[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. 
{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. 
- #46,738
- Jan 26, 2020 2:30am Jan 26, 2020 2:30am
- Joined Dec 2010 | Status: Never Stop Learning | 7,331 Posts | Online Now
- #46,739
- Jan 26, 2020 2:56am Jan 26, 2020 2:56am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
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 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 5:15am Jan 26, 2020 5:15am
- Joined Dec 2010 | Status: Never Stop Learning | 7,331 Posts | Online Now
{quote} Hi Steve, I've noticed you dropping in
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