Billytt Die happy trading e/j daily breakout | Page 2462 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #49,221
  • May 26, 2020 6:15am May 26, 2020 6:15am
Quoting stu
{quote} You should try it.....it's actually "Lucy in the Sky with.....", no.....just eyeballing....I didn't take this trade (as you've made me nervous about CHF and I was already in on another CHF pair :-) ) but it's a good example of what looks like price compression over a few days meaning price absolutely has to burst out soon, so I'd have taken the buy on this setup given yesterdays candle colour. {image} Whilst this USDJPY wasn't really moving at all over the last few days, so stayed out of that... {image} But, saw some obvious direction here...
We have inside bars too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,222
  • May 26, 2020 6:19am May 26, 2020 6:19am
Quoting billytt
{quote} We have inside bars too
Cable. 08-00 15 min bar break
High broke for +5% after a slow start and it just kept going up, as you all know.
I was expecting the big move but not exactly sure when. Was teling the guys in Telegram.
But a trigger started it all.
Trade Well All.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,223
  • May 26, 2020 10:08am May 26, 2020 10:08am
Quoting stu
{quote} You should try it.....it's actually "Lucy in the Sky with.....", no.....just eyeballing....I didn't take this trade (as you've made me nervous about CHF and I was already in on another CHF pair :-) ) but it's a good example of what looks like price compression over a few days meaning price absolutely has to burst out soon, so I'd have taken the buy on this setup given yesterdays candle colour. {image} Whilst this USDJPY wasn't really moving at all over the last few days, so stayed out of that... {image} But, saw some obvious direction here...
Kl kl.

I see what you did there .

Just for the record and a chance to spit-ball...

Top chart is a (slightly messy but still) flat-top squeeze that plays back towards a Z-Line.

Middle is setting up a Supply Clear Out.

Bottom is another move back towards a Z-Line.

Top and bottom also look like they would be covered by 23.6 and 50-level retraces.

You can almost guarantee that you would be playing Weekly or Monthly S+D here with these kind of moves as well.

How do Cam Levels stand up along side?
  • #49,224
  • May 26, 2020 12:02pm May 26, 2020 12:02pm
Quoting lemercenaire
{quote} Kl kl. I see what you did there . Just for the record and a chance to spit-ball... Top chart is a (slightly messy but still) flat-top squeeze that plays back towards a Z-Line. Middle is setting up a Supply Clear Out. Bottom is another move back towards a Z-Line. Top and bottom also look like they would be covered by 23.6 and 50-level retraces. You can almost guarantee that you would be playing Weekly or Monthly S+D here with these kind of moves as well. How do Cam Levels stand up along side?
Think I need to zoom off, perhaps some distance, to gen up on what Z lines are...that's a new one on me - I popped on the pivot & camarilla lines and noticed that GU did 2 clean bounces on it's way north while UJ was caught between them, across the pivot.

However, I can see what you mean regarding the fibs...that's one positive ;-)

Flat top squeeze & supply clearout....leave them with me and let me do a bit of searching around here....never hurts to dig a bit.
  • #49,225
  • May 26, 2020 12:21pm May 26, 2020 12:21pm
Quiet day today. By design, just kind of kicking back and letting things run their course.

I even moved up to the 15 min charts, lol. I almost got a nose bleed.

Speaking of that, I just closed out the last plays of the day. Simple stuff, as all the best things in life are.

Euro-Stoxx 15-min BV Chart +0.5 +2.5 +3.5 +6.5 +7.5 [+20.5]

Attached Image (click to enlarge)
Click to Enlarge Name: InkedEUR-Stoxx5min26thMay2020latearvofor+0.5+2.5+3.5+6.5+7.5_LI.jpg Size: 560 KB


Oh and the reason I didn't sit on it to see if it would go all the way to the Supply above, is that price had run into a majorly chunky Supply Zone down on the 1-min chart.
  • #49,226
  • May 26, 2020 12:30pm May 26, 2020 12:30pm
Quoting lemercenaire
Quiet day today. By design, just kind of kicking back and letting things run their course. I even moved up to the 15 min charts, lol. I almost got a nose bleed. Speaking of that, I just closed out the last plays of the day. Simple stuff, as all the best things in life are. Euro-Stoxx 15-min BV Chart +0.5 +2.5 +3.5 +6.5 +7.5 [+20.5] {image} Oh and the reason I didn't sit on it to see if it would go all the way to the Supply above, is that price had run into a majorly chunky Supply Zone down on the 1-min chart.
doesn't get any easier and cleaner than that
  • #49,227
  • May 26, 2020 12:39pm May 26, 2020 12:39pm
Quoting stu
{quote} Think I need to zoom off, perhaps some distance, to gen up on what Z lines are...that's a new one on me - I popped on the pivot & camarilla lines and noticed that GU did 2 clean bounces on it's way north while UJ was caught between them, across the pivot. However, I can see what you mean regarding the fibs...that's one positive ;-) Flat top squeeze & supply clearout....leave them with me and let me do a bit of searching around here....never hurts to dig a bit.
Nah, it's simple...

Z-Lines, are places where traders, usually greedy ones, are ''zeroed out'', as price reverses against them and takes them out of the game. You will find the terminology in The Other Galaxy. Basically, price (in a Short move) will drop with solid, focused momentum past a ''pointy place'' over to the left of your chart. That level is the Z-Line. Price will look to return to that level. You can either trade the move back up to it, or wait for the return and trade the play back off it, after rejection. Often coincides with Fibs 50 and 23.6.

Flat Top Squeeze. I'm a call-it-what-you-see kinda' guy:

Attached Image (click to enlarge)
Click to Enlarge Name: Flat Top Squeeze eg inked.jpg Size: 855 KB


Supply Clear Out. Similar/same kind of thing/look. You can also get a head-fake into that before price turns back, especially on the 1-min charts etc, so you can play it differently.
  • #49,228
  • May 26, 2020 12:45pm May 26, 2020 12:45pm
Quoting bojack34
{quote} doesn't get any easier and cleaner than that
Indeed.

Here's that 15 min chart I mentioned, as the one I actually took the main decisions on. You can see why.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedEUR-Stoxx15minOverviewOfEntry26thMay2020latearvofor+0.5+2.5+3.5+6.5+7.5_LI.jpg Size: 546 KB
  • #49,229
  • May 26, 2020 2:15pm May 26, 2020 2:15pm
Way past the end-of-day bell (uk-wise, anyway) and a wee playful shotgun blast.

GU 1-min Lightning Kijun and a handful of Grey Ghosts +3.1 +3.3 +3.6 +3.9 +4 +4.2 +4.4 +4.6 [31.1]

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGU1-min26thMay2020waypastendofUKdayFor+3.1+3.3+3.6+3.9+4+4.2+4.4+4.6_LI.jpg Size: 587 KB
  • #49,230
  • May 26, 2020 2:43pm May 26, 2020 2:43pm
Quoting stu
{quote} Think I need to zoom off, perhaps some distance, to gen up on what Z lines are...that's a new one on me - I popped on the pivot & camarilla lines and noticed that GU did 2 clean bounces on it's way north while UJ was caught between them, across the pivot. However, I can see what you mean regarding the fibs...that's one positive ;-) Flat top squeeze & supply clearout....leave them with me and let me do a bit of searching around here....never hurts to dig a bit.
Couldn't have asked for a better example of Alien Life Forms...

Using the chart from earlier, so ignore the trade spoor, though you will notice my entries .

One Z-Line for ya'....about as perfect as it can be.

Attached Image (click to enlarge)
Click to Enlarge Name: CABLEegForSTUshowingZ-Line26thMay2020.png Size: 28 KB


Detail.

Attached Image (click to enlarge)
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  • #49,231
  • May 26, 2020 4:29pm May 26, 2020 4:29pm
Quoting lemercenaire
{quote} Couldn't have asked for a better example of Alien Life Forms... Using the chart from earlier, so ignore the trade spoor, though you will notice my entries . One Z-Line for ya'....about as perfect as it can be. {image} Detail. {image}
This looks pretty clear :-) ....... and as you hinted at before, it sort-of incorporates some of what SteveP was saying around PA as it's a HH with choppy HL. So at your exit it looks like price was trying to hit a demand zone but started to pull back from it...was that how you were teeing up for exit (sorry that metaphor isn't quite right....sinking your putt off a tee?!?!)
  • #49,232
  • May 26, 2020 5:49pm May 26, 2020 5:49pm
Quoting stu
{quote} This looks pretty clear :-) ....... and as you hinted at before, it sort-of incorporates some of what SteveP was saying around PA as it's a HH with choppy HL. So at your exit it looks like price was trying to hit a demand zone but started to pull back from it...was that how you were teeing up for exit (sorry that metaphor isn't quite right....sinking your putt off a tee?!?!)
At the exit, price was already in a hefty Supply Zone and was doing nothing but spin its wheels. Time to bail.

During the day, these will be pushed through often enough but it was very much the tail end of things and I had bagged more than enough. Time to hit the 19th Hole
  • #49,233
  • May 26, 2020 11:30pm May 26, 2020 11:30pm
Hi all.
Nothing happening yet.
Trade Well All..
t 05-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,234
  • May 27, 2020 2:55am May 27, 2020 2:55am
i got in a sell on the 4hr , took 5 pips, did the same on the 0800 15 min got 5 there too
  • #49,235
  • May 27, 2020 3:09am May 27, 2020 3:09am
Quoting claudia1
Little blue box caught that perfectly without me though. Found this ea which does exactly what I need to auto trade the box. No I don't have the source code, haven't forwarded tested it, back tested it etc etc so don't ask. But looks like what I'm looking for. Find out tomorrow. {image} {file}
How did it work out for you Claudia?
  • #49,236
  • May 27, 2020 3:24am May 27, 2020 3:24am
Quoting sheppy
{quote} How did it work out for you Claudia?
It didn't. When I went off to set it up I didn't understand some of the settings. Anyway, went back to MQL site and the author had posted detailed explanations of the inputs which I'd missed.

I've put it in a pdf. See attached.
Attached File(s)
File Type: pdf Extreme Breakout.pdf   40 KB | 435 downloads
  • #49,237
  • May 27, 2020 3:26am May 27, 2020 3:26am
Hi all.
It all came together.
Cable 00-00 4 low broke for 13.
E/u low broke, I went short but then decided to Long it of the 0400 4 bar. Fixed and made 15 points.

Cable 08-00.15 bar. Low broke for+5%
Now finished. Lots left to trade for.
Billy is gonna sunbathe yaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #49,238
  • May 27, 2020 4:54am May 27, 2020 4:54am
Ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.............................lovin' me some DAX in the morning!!!
  • #49,239
  • May 27, 2020 5:17am May 27, 2020 5:17am
Quoting lemercenaire
Ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.............................lovin' me some DAX in the morning!!!
I could get used to this 5-min stuff. Who said long time frames are boring?

DAX 5-min BV Chart for...err...loads .

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M5asMyBV-EntryOfTheMorning27thMay2020.png Size: 42 KB


Detail.

Attached Image (click to enlarge)
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  • #49,240
  • May 27, 2020 5:19am May 27, 2020 5:19am
Quoting billytt
Hi all. It all came together. Cable 00-00 4 low broke for 13. E/u low broke, I went short but then decided to Long it of the 0400 4 bar. Fixed and made 15 points. Cable 08-00.15 bar. Low broke for+5% Now finished. Lots left to trade for. Billy is gonna sunbathe yaaaay
Attached Image (click to enlarge)
Click to Enlarge Name: getatan.jpg Size: 81 KB
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