Billytt Die happy trading e/j daily breakout | Page 2354 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #47,061
  • Feb 4, 2020 12:41pm Feb 4, 2020 12:41pm
Quoting BrokeCollege
I'm trying to learn the deadzone so I can add it to my arsenal. Would today have been a long only bias?
Right, had a look and there would have been no directional bias today.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1asDZ-NoBiasToday4thfeb2020.png Size: 45 KB


Now this is going by what is on my screen just now, however it is entirely possible that there may have been S+D info there at the time - though tbh, I don't think there would have been.

So, ok, I had a look to see if a fib could give you a 50-level to play off of, which looks like the most likely to give some help - but even that is no use to us really, as the bounce has already come (perfectly) and there isn't much room above the DZ till we hit the 23.6...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1asDZwithaddedFib4thfeb2020.png Size: 47 KB


You could squeeze the +5 out but not much room to breath at all. Toss a coin and take your chance.

In fact the best way to trade that arvo would have been to play the bounce/rebound from the 23.6 and 50-levels themselves.

Hope that helps - and there could of course have been other pairs that would have played better for you.

I have some time, so I will go take a quick look.
  • #47,062
  • Feb 4, 2020 12:54pm Feb 4, 2020 12:54pm
Quoting lemercenaire
{quote} Right, had a look and there would have been no directional bias today. {image} Now this is going by what is on my screen just now, however it is entirely possible that there may have been S+D info there at the time - though tbh, I don't think there would have been. So, ok, I had a look to see if a fib could give you a 50-level to play off of, which looks like the most likely to give some help - but even that is no use to us really, as the bounce has already come (perfectly) and there isn't much room above the DZ till we hit the 23.6... {image}...
Well, that's been very illuminating - as most of the pairs out there would have been completely chronic for The Dead Zone today, at least if we were looking for some additional directional bias to help us.

So much so, that I had to go waaaaayyyyy down the list to come up with something. Having said that, it was a rock-solid option and one I would have had no hesitation in taking myself.

NU as Dead Zone with Long Bias.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1asbestDZ-LongBiasAllTheWay4thFeb2020.png Size: 51 KB


Unsurprisingly, you could also make a case for its cousin, the NC. The spread will probably be worse on that, though.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.rH1anotherDZoption4thFeb2020butworsespread.png Size: 49 KB
  • #47,063
  • Feb 4, 2020 12:58pm Feb 4, 2020 12:58pm
Quoting lemercenaire
{quote} Well, that's been very illuminating - as most of the pairs out there would have been completely chronic for The Dead Zone today, at least if we were looking for some additional directional bias to help us. So much so, that I had to go waaaaayyyyy down the list to come up with something. Having said that, it was a rock-solid option and one I would have had no hesitation in taking myself. NU as Dead Zone with Long Bias. {image} Unsurprisingly, you could also make a case for its cousin, the NC. The spread will probably be worse on that, though....
One more - Silver. However it has an idiot-spread at this time of the day as you can see - and I have no idea whether it would have been any different at the time.

Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSDH1asDZwasfineBUTridiculousspread4thfeb2020.png Size: 43 KB


Gold on the other hand, taken naked, was a whopper but had too many niggling negatives, or info that was just not-quite-right to be a serious contender for me.
  • #47,064
  • Feb 4, 2020 2:27pm Feb 4, 2020 2:27pm
Thanks for the analysis Lem! I've been looking back to study it more, but I find it more difficult for me to "read" UC compared to GU... I will have to keep training.
  • #47,065
  • Feb 4, 2020 10:57pm Feb 4, 2020 10:57pm
Morning all.

00-00 4 hour break.
usd/chf. high broke and i am long. looking for 10. 00-00 range = 10 .....adr range =53,
t 04-57 big lot. lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,066
  • Feb 4, 2020 10:59pm Feb 4, 2020 10:59pm
Quoting billytt
Morning all. 00-00 4 hour break. usd/chf. high broke and i am long. looking for 10. 00-00 range = 10 .....adr range =53, t 04-57 big lot. lol
USD/CHF looks good today. G/U looks scary.
  • #47,067
  • Feb 4, 2020 11:44pm Feb 4, 2020 11:44pm
Quoting BrokeCollege
{quote} USD/CHF looks good today. G/U looks scary.
my usd/chf long is looking bad, but it will work out. lol
t 05-44
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,068
  • Feb 5, 2020 12:52am Feb 5, 2020 12:52am
Cable.... we have some nice inside bars on the 4 hour.
t 06-52
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,069
  • Feb 5, 2020 1:04am Feb 5, 2020 1:04am
Cable short... looking for 20
t07-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,070
  • Feb 5, 2020 2:15am Feb 5, 2020 2:15am
Almost didn't take G/U today. took a short, price action was trash. Long with a counter now.
  • #47,071
  • Feb 5, 2020 3:00am Feb 5, 2020 3:00am
Cable, 08-00 15 minute bar break.
The low failed, so counter plus trade. all ok now +5%

t 08-59
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,072
  • Feb 5, 2020 3:00am Feb 5, 2020 3:00am
Quoting BrokeCollege
Almost didn't take G/U today. took a short, price action was trash. Long with a counter now.
it happens bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,073
  • Feb 5, 2020 5:39am Feb 5, 2020 5:39am
Dax was excellent. Warning -not everyday is like this but it adds up over time by sheer persistence and
application. Most days are eyes glued to screen to snatch a few here and there
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #47,074
  • Feb 5, 2020 6:01am Feb 5, 2020 6:01am
Quoting billytt
Cable, 08-00 15 minute bar break. The low failed, so counter plus trade. all ok now +5% t 08-59
Billy - on four hour Cable -did you get a short fail and a Long from other end of candle( ignoring any counter trade) ?
every Saint has a past. Every Sinner has a Future
  • #47,075
  • Feb 5, 2020 6:18am Feb 5, 2020 6:18am
Quoting turnip15
{quote} Billy - on four hour Cable -did you get a short fail and a Long from other end of candle( ignoring any counter trade) ?
Hi Mr T, hope all is well.
yes, my 00-00 4 hr bar low was a fail.
I almost spoke that it was near a 00, but it was an entry.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,076
  • Feb 5, 2020 6:22am Feb 5, 2020 6:22am
The Billy Bar trade on gold would have worked a treat today (and most days to be honest). Sometimes you get a fail or 2, but when that thing gets going, it gets going . I think JP1 has been using it if I'm right.
  • #47,077
  • Feb 5, 2020 6:34am Feb 5, 2020 6:34am
Quoting ia1979
The Billy Bar trade on gold would have worked a treat today (and most days to be honest). Sometimes you get a fail or 2, but when that thing gets going, it gets going . I think JP1 has been using it if I'm right.
yes mate, i only trade things that move......get in and out quick! The billy bar does seem pretty good on gold......some days can be a bit whippy (like any pair), but as u say, once it gets going there are a lot of pips to grab in a very short space of time

Ive spent the past 2 hours recovering from GU.....I checked the news as usual but was only looking for USD as i trade gold mainly, but I dip into GU sometimes and completely missed the 9.30 news.......had just placed a short at 9.29 and was literally in mid-move dragging my stop and bang, smashed to pieces......ive recovered it now, but that was not how i was planning to spend my bloody morning!
  • #47,078
  • Feb 5, 2020 9:37am Feb 5, 2020 9:37am
Afternoon Dow ( No Spanish today)
Like the dax this morning , a good run. Not everyday is like this alas
Attached Image (click to enlarge)
Click to Enlarge Name: DOWWeds5Feb.png Size: 86 KB
every Saint has a past. Every Sinner has a Future
  • #47,079
  • Feb 5, 2020 10:07am Feb 5, 2020 10:07am
I hope everyone is having a good Trading day?

Just taken a Long Trade on Dax went Long at 13450.0 Half Number

Result +20 Pips +2%

Very liberating to be Trading without worrying about Return to Risk Factor.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5th Feb 20 Ger.30 M1 Long Trade.png Size: 164 KB
Click to Enlarge Name: 5th Feb 20 Ger.30 Long Trade Result.png Size: 171 KB
  • #47,080
  • Feb 5, 2020 10:29am Feb 5, 2020 10:29am
Quoting stevepatt
I hope everyone is having a good Trading day? Just taken a Long Trade on Dax went Long at 13450.0 Half Number Result +20 Pips +2% Very liberating to be Trading without worrying about Return to Risk Factor. {image} {image}
you have done well bud.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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