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Billytt Die happy trading e/j daily breakout

  • #48,841
  • May 8, 2020 1:36pm May 8, 2020 1:36pm
Quoting claudia1
{quote} Is that Billy's old friend in the video - used to have picasso type charts. Not allowed to mention his name.
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  • #48,842
  • May 8, 2020 1:39pm May 8, 2020 1:39pm
Quoting lemercenaire
{quote} {image}
Lol. No signs of William today be out in the trees.
  • #48,843
  • May 8, 2020 2:30pm May 8, 2020 2:30pm
Something loud to kick the weekend off ...
Inserted Video
  • #48,844
  • Edited 3:56pm May 8, 2020 3:06pm | Edited 3:56pm
Last technical post of the week.

AUD/USD H4 - worth a look, it could be a wide tradable range on H1.

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H1:

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good week-end to all


Little edit:

H4 with fibo, target 1 is 50 fibo level

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  • #48,845
  • May 8, 2020 5:29pm May 8, 2020 5:29pm
Quoting claudia1
{quote} Lol. No signs of William today be out in the trees.
Inserted Video
  • #48,846
  • May 8, 2020 6:40pm May 8, 2020 6:40pm
Just a follow up to the trade I posted earlier.

Got stopped by a pip before it shot North. It happens.

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Empty your mind and let the market guide you
  • #48,847
  • May 9, 2020 5:02am May 9, 2020 5:02am
Quoting SunnyCoast
Just a follow up to the trade I posted earlier. Got stopped by a pip before it shot North. It happens. {image}
Beautiful day and lots of people out in my town good to see - think the sunshine has beaten Boris.
  • #48,848
  • May 9, 2020 5:14am May 9, 2020 5:14am
Quoting claudia1
For the speculators - butt coin is going back to 10 {image}
We got there.
  • #48,849
  • May 10, 2020 6:04pm May 10, 2020 6:04pm
Good Morning from a place where Monday has already started.

I've added pivots based on that beautiful trade form last Wednesday just to track how they go with this method.

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Empty your mind and let the market guide you
  • #48,850
  • Edited 6:59pm May 10, 2020 6:41pm | Edited 6:59pm
AU H4

Forgot to say that if buyers keep ongoing, you should not ignore the red area (0.66734/0.66852): here we could see the first bear presence. I don't know what will happen next obviously, but i expect at least a sort of slowing down from the buyers/fake outs: If you go short, remember that often, price, before breaking an important level, it does a deep retracement engulfing also previous swing, inviting ppl go short; and then kaboom

Good night
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  • #48,851
  • May 10, 2020 7:01pm May 10, 2020 7:01pm
Quoting SunnyCoast
Good Morning from a place where Monday has already started. I've added pivots based on that beautiful trade form last Wednesday just to track how they go with this method. {image}
That's a major Z-Line you've got price playing around there as well. I know it's not part of the methodology but would be wise to pay attention to it.
  • #48,852
  • May 10, 2020 7:07pm May 10, 2020 7:07pm
Quoting lemercenaire
{quote} That's a major Z-Line you've got price playing around there as well. I know it's not part of the methodology but would be wise to pay attention to it.
Have you got any posts on this Z Line thingy? I will need to read up more about it so I know what I'm looking at.

Any guidance most appreciated.
Empty your mind and let the market guide you
  • #48,853
  • May 10, 2020 8:04pm May 10, 2020 8:04pm
Quoting SunnyCoast
{quote} Have you got any posts on this Z Line thingy? I will need to read up more about it so I know what I'm looking at. Any guidance most appreciated.
You would need to take a flight across interstellar space to The Other Galaxy to get detail - however, in brief, a Z-Line is this:

You get price taking a hefty push due to momentum (momo) and that big move (can be a single candle or a small grouping) crosses a pointy place off to the left on your chart. Where that line/level is, that's your Z-Line.

Price will often (more-often-than-not) drop back to that level to ''zero-out'' those traders who get greedy and either hold their positions too long or try and jump onto the momo after the train has already left the station.

From there, it will likely bounce and continue on in the original direction.

So you can trade either the drop back (riskier, as you don't know for sure when the momo is done), or the bounce.

Fibs can help you get an idea what is happening inside the move.
  • #48,854
  • May 10, 2020 8:20pm May 10, 2020 8:20pm
Quoting lemercenaire
{quote} You would need to take a flight across interstellar space to The Other Galaxy to get detail - however, in brief, a Z-Line is this: You get price taking a hefty push due to momentum (momo) and that big move (can be a single candle or a small grouping) crosses a pointy place off to the left on your chart. Where that line/level is, that's your Z-Line. Price will often (more-often-than-not) drop back to that level to ''zero-out'' those traders who get greedy and either hold their positions too long or try and jump onto the momo after the train...
Appreciate that Lem. Yes I was over "THERE" just checking to see if I could find anything. I'll do some more research today.
Empty your mind and let the market guide you
  • #48,855
  • May 10, 2020 8:45pm May 10, 2020 8:45pm
Quoting SunnyCoast
{quote} Appreciate that Lem. Yes I was over "THERE" just checking to see if I could find anything. I'll do some more research today.
It's kind of spread out and originally grew wings in MO's yard (I think), though there has recently been a new investigation of it. If I can get some direct links to you before you find them yourself. I will.
  • #48,856
  • May 10, 2020 8:49pm May 10, 2020 8:49pm
DAX tomorrow (today - Monday) and are we looking at a target of 11079? If so, or even if it drops short, then a drop back to and bounce from 10992 wouldn't be a surprise. That's not a hugely strong level however and just below that is stronger, at 10951.

Should price punch back all the way through those, then I'd be looking at 10909 to give us solid ground.

We shall see, we shall see

See y'all in a few hours!
  • #48,857
  • May 11, 2020 3:13am May 11, 2020 3:13am
Quoting lemercenaire
{quote} It's kind of spread out and originally grew wings in MO's yard (I think), though there has recently been a new investigation of it. If I can get some direct links to you before you find them yourself. I will.
Strange times - you seem to have gone nocturnal and William has gone awol.

Horses tonight at Will Rogers Downs - admit had to Google the location. Looks a great place in Oklahoma with race course and casino.
  • #48,858
  • May 11, 2020 3:23am May 11, 2020 3:23am
Break of trend line, pivot, round number, little blue box etc etc. Out until NY open let them reverse it.
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  • #48,859
  • May 11, 2020 4:31am May 11, 2020 4:31am
Quoting claudia1
{quote} Strange times - you seem to have gone nocturnal and William has gone awol. Horses tonight at Will Rogers Downs - admit had to Google the location. Looks a great place in Oklahoma with race course and casino.
My brother has friends in Oklahoma. Really nice people and so long as you can live without hills, it's beautiful country too!
  • #48,860
  • May 11, 2020 4:34am May 11, 2020 4:34am
Quoting lemercenaire
DAX tomorrow (today - Monday) and are we looking at a target of 11079? If so, or even if it drops short, then a drop back to and bounce from 10992 wouldn't be a surprise. That's not a hugely strong level however and just below that is stronger, at 10951. Should price punch back all the way through those, then I'd be looking at 10909 to give us solid ground. We shall see, we shall see See y'all in a few hours!...
Ha! Got nowhere near that!!! Should know better than to say squat about anything for the first day after a bank holiday weekend, lol.

It's really turned tail on us and first possible bounce I can see would now be 10831.

10909 I can see as having an influence still, at some point.
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