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Billytt Die happy trading e/j daily breakout

  • #53,381
  • Sep 15, 2020 1:43am Sep 15, 2020 1:43am
Quoting Skyhawks
{quote} Hey Billy good day, I was wondering if you could expand on the retrace trades for the 0800. Do you open the retrace lets say from a percentage of the range of the 0800 bar or a set amount retrace from the break? Also for the retrace trade do you close it at the same time as the main break (+5) or earlier? Many thanks

Hi Sky,
the retrace trade can be used as a method on its own, as posted previously ,it is a good method but you might lose out on a good trade.
we have a break and it might keep going.
We have a break it might retrace a pip or 2 or 3 , WHO KNOWS.

Chart below, high broke =1, then we had retrace =2.
i made a retrace trace ,( i do not do this every day). we had a retrace trade and i entered , then i closed it for +2 pips..
I have diffent options with a retrace trade, sometimes i let it run to make 5, or just let it run.

Hope this helps.
Attached Image


edit, 2 pips is 2% ,,,,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,382
  • Sep 15, 2020 2:20am Sep 15, 2020 2:20am
E/U i have put a long on, Break of the 00-00 4 hour bar .

i have to stay at home today so this will keep me occupied.
looking for 112 to start, i did enter it off a slight retrace , so i have 2 points already.


edit, i entered at 11880 which is 2 lower than the high.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,383
  • Sep 15, 2020 2:24am Sep 15, 2020 2:24am
Quoting billytt
{quote} Hi Sky, the retrace trade can be used as a method on its own, as posted previously ,it is a good method but you might lose out on a good trade. we have a break and it might keep going. We have a break it might retrace a pip or 2 or 3 , WHO KNOWS. Chart below, high broke =1, then we had retrace =2. i made a retrace trace ,( i do not do this every day). we had a retrace trade and i entered , then i closed it for +2 pips.. I have diffent options with a retrace trade, sometimes i let it run to make 5, or just let it run. Hope this helps. {image}...
Appreciate the help!
  • #53,384
  • Sep 15, 2020 2:41am Sep 15, 2020 2:41am
Quoting billytt
E/U i have put a long on, Break of the 00-00 4 hour bar . i have to stay at home today so this will keep me occupied. looking for 112 to start, i did enter it off a slight retrace , so i have 2 points already. edit, i entered at 11880 which is 2 lower than the high.
hi mate - hope ur well? QQ on this EU trade - i cant remember if u trade EU 8am bar as well, or is it only GU?

Coz with this entry, ur going the opposite to the 8am bar break - i assume u usually hold the midnight bar with more weight than the 8am bar? If that makes sense!
  • #53,385
  • Sep 15, 2020 2:58am Sep 15, 2020 2:58am
Quoting Jp1
{quote} hi mate - hope ur well? QQ on this EU trade - i cant remember if u trade EU 8am bar as well, or is it only GU? Coz with this entry, ur going the opposite to the 8am bar break - i assume u usually hold the midnight bar with more weight than the 8am bar? If that makes sense!
Hi bud,
e/u is not consistent enough to trade off the 08-00 15 minute bar.
As posted in the past. my main 08-00 trade is totally separate from the 00-00 .
Sometimes i am long off the 08-00 and short 0ff the 00-00.
i trade stats so therefore keep trades separate.
midnight bar 00-00 i trade with a smaller size ie £10 a point and my main trade is £120.

it is all numbers and maths. lol.
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,386
  • Sep 15, 2020 3:42am Sep 15, 2020 3:42am
Quoting billytt
E/U i have put a long on, Break of the 00-00 4 hour bar . i have to stay at home today so this will keep me occupied. looking for 112 to start, i did enter it off a slight retrace , so i have 2 points already. edit, i entered at 11880 which is 2 lower than the high.
i have closed me e/u for exactly +12 i started on a retrace os 2 then when it made 12 points i got out.

the high break actually did make the 12.
t 11-42
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,387
  • Sep 15, 2020 3:46am Sep 15, 2020 3:46am
Quoting claudia1
See what London open does but strong buying on cable overnight. Target has to be 2916 area DR1 which gives around 100% range for the day. $ index weak and has room to fall further. {image} {image}
Close enough.

Like to see it have a go at yesterday's high then maybe some selling opportunities later.
Attached Image (click to enlarge)
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  • #53,388
  • Sep 15, 2020 4:08am Sep 15, 2020 4:08am
Quoting claudia1
{quote} Close enough. Like to see it have a go at yesterday's high then maybe some selling opportunities later. {image}
Nice One, i opted for e/u lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #53,389
  • Sep 15, 2020 7:05am Sep 15, 2020 7:05am
Figured I'd better get back on the road at some point, so took a wee spin on The Monster's back.

Walmal DAX 1-min Double-Dip +3.7 +5.4 [+9.1]

Attached Image (click to enlarge)
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  • #53,390
  • Sep 15, 2020 7:45am Sep 15, 2020 7:45am
Quoting lemercenaire
Figured I'd better get back on the road at some point, so took a wee spin on The Monster's back. Walmal DAX 1-min Double-Dip +3.7 +5.4 [+9.1] {image}
Need music.
  • #53,391
  • Sep 15, 2020 7:45am Sep 15, 2020 7:45am
Checked The Dead Zone - not traded by me though - and UC came through once more. Long Bais.

Dead Zone UC Long Bias

Attached Image (click to enlarge)
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  • #53,392
  • Sep 15, 2020 7:51am Sep 15, 2020 7:51am
i took the not not not not billy bar (yes, i made that up!).....3pm gold - nice short move on US Open......will admit, i didnt get it all, but a nice chunk
Attached Image (click to enlarge)
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  • #53,393
  • Sep 15, 2020 7:52am Sep 15, 2020 7:52am
Quoting lemercenaire
Checked The Dead Zone - not traded by me though - and UC came through once more. Long Bais. Dead Zone UC Long Bias {image}
Welcome back! I have been going thru your deadzone charts while you were away, and had a question. What do you use for your bias? Sorry if its been mentioned before. Thanks!
  • #53,394
  • Sep 15, 2020 7:56am Sep 15, 2020 7:56am
Quoting claudia1
{quote} Need music.
You got it!

Inserted Video


Don Kirshner's Rock Concert - season 1/episode 20 - Mar 18, 1974
  • #53,395
  • Sep 15, 2020 8:03am Sep 15, 2020 8:03am
Quoting Skyhawks
{quote} Welcome back! I have been going thru your deadzone charts while you were away, and had a question. What do you use for your bias? Sorry if its been mentioned before. Thanks!
Cheers!

Voodoo...I use Voodoo!

Sorry, it's a bit of prop-software that I appropriated for my own use - and can't share, unfortunately. However, I will also use Supply & Demand Zones, as today, plus I had been looking at a handful of other options before my enforced break, which if they continue to show promise, I will add them here.

With The Dead Zone however, especially when using UC, you are usually pretty safe just playing it as you see it. Bias for me is more about narrowing down the available options - but if I end up using UC the vast majority of the time anyway, then it really is secondary.
  • #53,396
  • Sep 15, 2020 8:04am Sep 15, 2020 8:04am
Quoting lemercenaire
{quote} You got it! https://www.youtube.com/watch?v=flLoj5qxURw Don Kirshner's Rock Concert - season 1/episode 20 - Mar 18, 1974
Here's the full gig.

Inserted Video


Edit: Apparently, all of Don Henley's songs have been carefully snipped from this - he is notorious for hunting those who post his stuff, unfortunately.
  • #53,397
  • Sep 15, 2020 9:03am Sep 15, 2020 9:03am
Quoting lemercenaire
{quote} You got it! https://www.youtube.com/watch?v=flLoj5qxURw Don Kirshner's Rock Concert - season 1/episode 20 - Mar 18, 1974
Inserted Video
  • #53,398
  • Sep 15, 2020 1:52pm Sep 15, 2020 1:52pm
Quoting claudia1
{quote} https://www.youtube.com/watch?v=_7p2ogicS1U
Totally underrated track! Love it!
  • #53,399
  • Sep 15, 2020 4:25pm Sep 15, 2020 4:25pm
7 pip range in 4 hours - orders in both ways. Expecting DR2/1.3 area.

There'll be a good move one way or another.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)M15.png Size: 70 KB
  • #53,400
  • Sep 15, 2020 4:43pm Sep 15, 2020 4:43pm
Quoting claudia1
7 pip range in 4 hours - orders in both ways. Expecting DR2/1.3 area. There'll be a good move one way or another. {image}
Eazy-Peazy-Lemon-Squeezy!
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