Billytt Die happy trading e/j daily breakout | Page 2392 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #47,821
  • Mar 26, 2020 12:15am Mar 26, 2020 12:15am
Morning all.

Cable 00-00 4 Hr Bar - Range too big.

Cable 03-00 1 Hr Bar - Range 23.

- Low broke and failed with a counter trading the high.
  • #47,822
  • Mar 26, 2020 3:17am Mar 26, 2020 3:17am
Quoting RieseP
Morning all. Cable 00-00 4 Hr Bar - Range too big. Cable 03-00 1 Hr Bar - Range 23. - Low broke and failed with a counter trading the high.
Cable 03-00 is Hr Bar Counter played out for

waiting for 8-00 15 Bar. Range is a little bit bigger. Play for 20+
  • #47,823
  • Edited 4:04am Mar 26, 2020 3:34am | Edited 4:04am
Morning all,
00-00 4 hour bar, range too big so i left it,
But i did trade open/close range with small lot, that was good.

Same with 08-00 15 minute bar, range too big.
sometimes i have traded this range but not today.

Again i did trade the 08-00 open close.
WAS meant to be using small lot, but went and used my standard big one lol, i was 10 points up when i realised, lol omg , lucky lucky bas lol
Trade well all.
t 08-34


edit, it isnt open/close BUT open /low or open/high sorry for mis information
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,824
  • Mar 26, 2020 3:36am Mar 26, 2020 3:36am
Quoting billytt
Morning all, 00-00 4 hour bar, range too big so i left it, But i did trade open/close range with small lot, that was good. Same with 08-00 15 minute bar, range too big. sometimes i have traded this range but not today. Again i did trade the 08-00 open close. WAS meant to be using small lot, but went and used my standard big one lol, i was 10 points up when i realised, lol omg , lucky lucky bas lol Trade well all. t 08-34
if you have time do you mind giving us a visual example of you adjusting your range using the Open and Close? I'm assuming it's the same range but instead of you using the High/Low of the range you just use the Open/Close instead. Thanks Billy
  • #47,825
  • Mar 26, 2020 3:49am Mar 26, 2020 3:49am
Quoting bojack34
{quote} if you have time do you mind giving us a visual example of you adjusting your range using the Open and Close? I'm assuming it's the same range but instead of you using the High/Low of the range you just use the Open/Close instead. Thanks Billy
Of course i will,
i think Lem has a name for it, wick trading or something similar.
We need the volatility and even if it whips ( could happen but it doesnt matter)
It is a way of printing money, and that is confidence .
Trade well bud.
t 08-49
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,826
  • Mar 26, 2020 3:58am Mar 26, 2020 3:58am
Quoting billytt
{quote} Of course i will, i think Lem has a name for it, wick trading or something similar. We need the volatility and even if it whips ( could happen but it doesnt matter) It is a way of printing money, and that is confidence . Trade well bud. t 08-49
Wick Zone.
  • #47,827
  • Mar 26, 2020 4:01am Mar 26, 2020 4:01am
Any move to be on for me this morning on Cable was in the run up and off the UK Open, which due to our modified Zombie-Plague morning schedule, I managed to miss.

Would have been super-simple as both up and down were bracketed by solid S+D Zones.

Things are stuck in the mud for now.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1BestMovesPreKO26thMarch2020.png Size: 48 KB
  • #47,828
  • Mar 26, 2020 4:02am Mar 26, 2020 4:02am
Quoting bojack34
{quote} if you have time do you mind giving us a visual example of you adjusting your range using the Open and Close? I'm assuming it's the same range but instead of you using the High/Low of the range you just use the Open/Close instead. Thanks Billy
Cable 08-00 15 minute bar.
Attached Image


Bar opened at 11935 and low was 11917 range of 18 High was 11961

the Low broke and i went short, IF it retraces i re enter new trade Long at the open price.

i just realised i said open/ close? duh !!! sorry, i mean open low/open high
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,829
  • Mar 26, 2020 4:07am Mar 26, 2020 4:07am
Quoting bojack34
{quote} if you have time do you mind giving us a visual example of you adjusting your range using the Open and Close? I'm assuming it's the same range but instead of you using the High/Low of the range you just use the Open/Close instead. Thanks Billy
t 09-07 now long off the 08-00 open price. banking lol
i just want to catch the main push, and definitely a small lot.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,830
  • Mar 26, 2020 4:12am Mar 26, 2020 4:12am
Quoting lemercenaire
Any move to be on for me this morning on Cable was in the run up and off the UK Open, which due to our modified Zombie-Plague morning schedule, I managed to miss. Would have been super-simple as both up and down were bracketed by solid S+D Zones. Things are stuck in the mud for now. {image}
That level price has slid up to (the upper edge of that Supply Zone) is actually a major Cam-Level, so 1.19576 becomes significant.

We'll no doubt have some test here and whether we get an eventual close and hold above or below that, will give us our direction going into the US open.
  • #47,831
  • Mar 26, 2020 4:13am Mar 26, 2020 4:13am
Quoting RieseP
{quote} Cable 03-00 is Hr Bar Counter played out for waiting for 8-00 15 Bar. Range is a little bit bigger. Play for 20+
I changed it. I decided to trade the open and low of the 08-00 15 mins Bar. It harder to get your counters when range is too big. Gets abit messy and wasted margin.

I also should only aim for 10 of first break even with these market conditions. Because it doesn’t know if it’s gas or electric.

anyway low failed, now trading the high for 20.

after this walk down the beach before I start rotting away
  • #47,832
  • Mar 26, 2020 4:15am Mar 26, 2020 4:15am
Quoting lemercenaire
{quote} That level price has slid up to (the upper edge of that Supply Zone) is actually a major Cam-Level, so 1.19576 becomes significant. We'll no doubt have some test here and whether we get an eventual close and hold above or below that, will give us our direction going into the US open.
Using the 1-min chart, I would be looking at using that level above and 1.19301 below as a bounce+rebound range also till it makes up its mind.
  • #47,833
  • Mar 26, 2020 4:20am Mar 26, 2020 4:20am
Dammit - best laid plans an' all. Price didn't respect that lower level at all and just slid on through.

The next lines-of-interest for me come at 1.19109 and 1.18978 for now.

Edit: Price has turned and is now playing around that original line!
  • #47,834
  • Mar 26, 2020 4:24am Mar 26, 2020 4:24am
3-Min chart is clearer and gives clues that a bounce long is coming.
  • #47,835
  • Mar 26, 2020 4:25am Mar 26, 2020 4:25am
Quoting RieseP
{quote} I changed it. I decided to trade the open and low of the 08-00 15 mins Bar. It harder to get your counters when range is too big. Gets abit messy and wasted margin. I also should only aim for 10 of first break even with these market conditions. Because it doesn’t know if it’s gas or electric. anyway low failed, now trading the high for 20. after this walk down the beach before I start rotting away
That is my main reason for not trading big range,, the margin for the counter is huge.
i trade most of my small lot trades off gf account and i do not keep that loaded with £££ lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,836
  • Mar 26, 2020 4:27am Mar 26, 2020 4:27am
Quoting billytt
{quote} Cable 08-00 15 minute bar. {image} Bar opened at 11935 and low was 11917 range of 18 High was 11961 the Low broke and i went short, IF it retraces i re enter new trade Long at the open price. i just realised i said open/ close? duh !!! sorry, i mean open low/open high
So if your range is too big you adjust it to use the Open + High...or.....Open + Close? That doesn't sound exactly like the wick zone but i guess it's similar. I'm just trying to figure out the proper way to adjust my ranges when we have conditions like these. Everyday now the range is too big. Looking for ways to adjust while maintaining my strike rate.
  • #47,837
  • Mar 26, 2020 4:28am Mar 26, 2020 4:28am
Quoting lemercenaire
3-Min chart is clearer and gives clues that a bounce long is coming.
5-Min chart has a pretty solid Supply Zone getting in the way, however - this is the very definition of mixed messages, lol.
  • #47,838
  • Mar 26, 2020 4:30am Mar 26, 2020 4:30am
Quoting bojack34
{quote} So if your range is too big you adjust it to use the Open + High...or.....Open + Close? That doesn't sound exactly like the wick zone but i guess it's similar. I'm just trying to figure out the proper way to adjust my ranges when we have conditions like these. Everyday now the range is too big. Looking for ways to adjust while maintaining my strike rate.
You could look at it by using the methodology behind Wick-Zone without actually using the full method. That is, simply remember that price will always want to leave the WZ. Just a thought.
  • #47,839
  • Mar 26, 2020 4:31am Mar 26, 2020 4:31am
Quoting bojack34
{quote} So if your range is too big you adjust it to use the Open + High...or.....Open + Close? That doesn't sound exactly like the wick zone but i guess it's similar. I'm just trying to figure out the proper way to adjust my ranges when we have conditions like these. Everyday now the range is too big. Looking for ways to adjust while maintaining my strike rate.
Hi, i am only trading like this because i am bored and the adr is running bigger than normal. and volatility.

edit like now i am short
t 09-32
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,840
  • Mar 26, 2020 4:32am Mar 26, 2020 4:32am
Quoting lemercenaire
{quote} 5-Min chart has a pretty solid Supply Zone getting in the way, however - this is the very definition of mixed messages, lol.
5-Min info wins out. Price drops like a stone out of the Supply Zone and all the way to Demand at 1.19108 so as always, Supply + Demand rule the roost.
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