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Billytt Die happy trading e/j daily breakout

  • #11,841
  • Oct 26, 2016 6:34am Oct 26, 2016 6:34am
Quoting slowbrain
{quote} Billytt I always take your advices into account , and I understand why ..... SB
My last post i tried to edit but failed. I also add on to my lot size and it soon mounts up.
You need consistent triggers that is why the 04-00 bar is good AND Lems 1 hour bar too.
Speaking Lems Hour bar , this does tie in with the 4 hour bars i use quite a lot.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,842
  • Oct 26, 2016 6:46am Oct 26, 2016 6:46am
Quoting billytt
{quote} My last post i tried to edit but failed. I also add on to my lot size and it soon mounts up. You need consistent triggers that is why the 04-00 bar is good AND Lems 1 hour bar too. Speaking Lems Hour bar , this does tie in with the 4 hour bars i use quite a lot.
Billytt

I'm may be tired but I don't understand Lems ( London e ...m. s....)

SB

EDIT : London Ending Morning Session ?

OR ....
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trying to make everyday the best risk/reward decisions possible
  • #11,843
  • Oct 26, 2016 7:06am Oct 26, 2016 7:06am
Quoting billytt
{quote} Hello Mr T, i did stop trading Dax. It is a beautiful mover but it has to be watched . I just don't need to trade it so i stopped lol. I have a person trading for me in next room and i have not seen any charts today.I will be out running shortly then have a play with my weights then DANCING later yaaaaaaaaaaaaaaaaaaaaaaaay
Might see you on "Strictly" later then William :-)
every Saint has a past. Every Sinner has a Future
  • #11,844
  • Oct 26, 2016 7:08am Oct 26, 2016 7:08am
Quoting slowbrain
{quote} Billytt I'm may be tired but I don't understand Lems ( London e ...m. s....) SB EDIT : London Ending Morning Session ? OR .... {image}
I think it refers to the pre -USA open ( 12 noon to 1 pm Bar)?
every Saint has a past. Every Sinner has a Future
  • #11,845
  • Oct 26, 2016 7:37am Oct 26, 2016 7:37am
Quoting lemercenaire
Hi again, guys. Well, having struggled to get myself in front of the screens at the right time over the last few trading days, I finally got to work the Pre-US Open (I still managed to miss the (v) early am breaks but you can't have it all, I suppose). The strategy banged the +5's in right across the board. (I have expanded my list from the original E/J and U/C to now include A/U, G/N, A/N, GU and U/NoK (for a taste of the exotic)). No doubt I won't always manage to get on all of them but today was reasonably stress free....
The E/J carries on giving Lem.
Are there any stats for this pair and the 12 noon to 1 pm break?
If not, no matter, I will forward test for a while.
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every Saint has a past. Every Sinner has a Future
  • #11,846
  • Oct 26, 2016 8:38am Oct 26, 2016 8:38am
Quoting slowbrain
{quote} Lemercenaire Your dead zone : 7:00 1 h candle New York time ? SB
Dead Zone: The H1 Candle before US Cash Open - which I take as 13:00 UK. So for me, I am using the Noon - 13:00 Candle UK. UK time at the moment is 5 hrs behind UK....soooooo, yes, 07:00 NY as you said.

Clocks change here on Sunday, mind you - just to be a right pain.
  • #11,847
  • Oct 26, 2016 8:41am Oct 26, 2016 8:41am
Quoting billytt
{quote} SB if you stick a 30 min chart up against chart of Lemercenaire you will see. It is a good breakout method...
Also bear in mind that the times on the charts I post are skewed - those charts are simply from the broker I set the method on, I place the trades on my live broker.
  • #11,848
  • Oct 26, 2016 8:45am Oct 26, 2016 8:45am
Quoting slowbrain
{quote} Billytt I'm may be tired but I don't understand Lems ( London e ...m. s....) SB EDIT : London Ending Morning Session ? OR .... {image}
My old English teacher would slap his knuckles with a ruler. He can't add apostrophes! He means lem's 1H bar, as in lemercenaire's.
  • #11,849
  • Oct 26, 2016 8:49am Oct 26, 2016 8:49am
Quoting turnip15
{quote} The E/J carries on giving Lem. Are there any stats for this pair and the 12 noon to 1 pm break? If not, no matter, I will forward test for a while. {image}
Working on it. Well, to be more precise a friend is working on it! I have run it visually back as far as I could get without my brain melting and that was enough for me. The key is the bagging of a Billy-like +5 and being willing to counter-trend should it try and wriggle out of it.

I will let you know should those stats surface - I am putting no pressure on my friend, as I am happy going forward as it is.
  • #11,850
  • Oct 26, 2016 8:55am Oct 26, 2016 8:55am
Was up late gassing on here last night and ended up taking a Wick-Zone trade on my old friend and sparring-partner (the one who brought me here in the first place) the EURJPY. Bleary eyes this morning paid off handsomely - and it's just as well, as the Dead Zone has been fighting back today...or rather it's just been lying there like a, well, dead thing...

I'll leave you with the WZ baby and report back later, should I survive the lack-of-anything-ness...

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Long from the lower zone.
  • #11,851
  • Oct 26, 2016 11:06am Oct 26, 2016 11:06am
Quoting lemercenaire
{quote} My old English teacher would slap his knuckles with a ruler. He can't add apostrophes! He means lem's 1H bar, as in lemercenaire's.
Attached Image

who mentioned school teachers
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,852
  • Oct 26, 2016 11:09am Oct 26, 2016 11:09am
Quoting lemercenaire
{quote} Also bear in mind that the times on the charts I post are skewed - those charts are simply from the broker I set the method on, I place the trades on my live broker.
Correct what you say but to make it easier for people in different time zones i speak of matching up with a similar time frame.. It does help....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #11,853
  • Oct 26, 2016 11:25am Oct 26, 2016 11:25am
Quoting billytt
{quote} Correct what you say but to make it easier for people in different time zones i speak of matching up with a similar time frame.. It does help....
Can't make it too easy - what would we talk about?
  • #11,854
  • Oct 26, 2016 4:51pm Oct 26, 2016 4:51pm
Okey-Dokey, well that was fun...

Aftermath first, some details after:

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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GBPNZD
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  • #11,855
  • Oct 26, 2016 4:54pm Oct 26, 2016 4:54pm
Audnzd
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gbpusd
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cadjpy
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nzdusd
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  • #11,856
  • Oct 26, 2016 5:26pm Oct 26, 2016 5:26pm
Definitely not a run-of-the-mill day as things got a bit bogged down in places. Eventually the Dead Zone sprung into life...zombies?!

The original pair, EURJPY, that was straight forward and bagged easily...
AUDUSD had me hanging in a counter-trade which led into the drop South, so patience paid off there, for sure...
USDNOK had me trading inside right from the off and in its own way, was simple enough.

GBPNZD was another following the EJ lead and bagged it vanilla.

AUDNZD had me out early and I missed the later short, ce'st la vie...as did the USDCAD, which had me in-and-out in an inside mid-line trade early on and was grateful to get it, so missed the drop there also when it came later...there was news???...I was so caught up in it all, I hadn't even noticed it was due.

New addition GBPUSD came on a counter, as did NZDUSD and I had a happy accident on the newest pair, CADJPY, as I had been chugging along in a counter-trade, missed two chances to close out for a profit and then stumbled headlong into the big move North. Got away with it but it showed me again that this lot is me at my absolute limit. I can manage - just about - if the trades come even a little offset but if there ever comes a day when they all go off at exactly the same time, I have no chance.

At the end of the day, though - no complaints. I made my bed and I'm happy to lie in it. Having said that, thank all the little fishes that I got my new kettle yesterday, as I needed my brews today!
  • #11,857
  • Oct 26, 2016 5:27pm Oct 26, 2016 5:27pm
Well no trades today ---out with Wife doin stuff ----- Living in the U.S. and on the east coast I trade the break of the 7am NY time one hour bar. It is working well so far. I do use some indicators which are only to assist me in deciding to go long or short on the break. I don't like goin both ways. If it works great --- if not there is always tomorrow ---- but it usually works. It is simple and effective so once again thanks Billy for getting me started on breakouts, for Mr. T for his great charts and for Claudia for her encouragement ---- and now for Lem for posting charts that gave me the final push needed. Sometimes things just click ya know.
  • #11,858
  • Oct 26, 2016 6:44pm Oct 26, 2016 6:44pm
Quoting tomthepoppop
Well no trades today ---out with Wife doin stuff ----- Living in the U.S. and on the east coast I trade the break of the 7am NY time one hour bar. It is working well so far. I do use some indicators which are only to assist me in deciding to go long or short on the break. I don't like goin both ways. If it works great --- if not there is always tomorrow ---- but it usually works. It is simple and effective so once again thanks Billy for getting me started on breakouts, for Mr. T for his great charts and for Claudia...
One way to do this is to use the Daily Colour Change method to add another confirmation. Works really well, problem is it will also keep you out of perfectly good trades if that's all you use.
  • #11,859
  • Oct 27, 2016 2:29am Oct 27, 2016 2:29am
As I'm going to be venturing into that land called the Great-Out-Of-The-Doors from late am today, I was happy to sit overnight and take a Wick-Zone trade on the E/J Daily Break. Sprung so cleanly I was able to lock in my +5, set a trail and go to bed happy. Meant I bagged more than my base-line, so all good there.

EURJPY

H1
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M30
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  • #11,860
  • Oct 27, 2016 3:22am Oct 27, 2016 3:22am
[quote=lemercenaire;9220772]As I'm going to be venturing into that land

Good charts Lemercenaire, thanks for posting.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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