Billytt Die happy trading e/j daily breakout | Page 616 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #12,301
  • Edited 6:30pm Nov 17, 2016 5:08pm | Edited 6:30pm
Well, well, well...lots of interest today. First off, I have a new addition to the fold in the shape of NZDJPY - thank you wannalearn for the heads-up. Performed well, with my only caveat that the spread seems heftier than average. Will keep an eye on that, it did vary through the session.

Most of the pairs faffed about for a bit early on but it was still not too trying overall. The AUDNZD was the most straight forward, into a BreakOut and kept on going, while Cable gave a Wick-Zone trade before heading off on its own BreakOut path.

Anyway, here's the tale of the day:
(Oh and T15, I will come back after this and answer your question from earlier).

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30deadzone17thnov16.png Size: 34 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30deadzone17thnov16.png Size: 28 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30deadzone17thnov16.png Size: 29 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKM30deadzone17thnov16.png Size: 31 KB


GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30daeadzone17thnov16.png Size: 33 KB
  • #12,302
  • Nov 17, 2016 5:11pm Nov 17, 2016 5:11pm
Audnzd
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30deadzone17thnov16.png Size: 34 KB


gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30deadzone17thnov16.png Size: 31 KB


cadjpy
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30deadzone17thnov16.png Size: 34 KB


nzdusd
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30deadzone17thnov16.png Size: 27 KB


nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM30deadzone17thnov16.png Size: 37 KB
  • #12,303
  • Nov 17, 2016 5:14pm Nov 17, 2016 5:14pm
Oh...and Claudia...Thank you sooooooo much, lol!

XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1deadzonethankyouclaudia17thnov16.png Size: 31 KB
  • #12,304
  • Nov 17, 2016 6:27pm Nov 17, 2016 6:27pm
Quoting turnip15
As a balance, the other pair I look at now is the E/J "Dead Zone" trade on this pair saw the price of the next candle ( 1pm to 2pm) pop up above the "wick zone" of the 12 to 1 pm candle (live as I write) then go back below into the wick zone of that 12 to 1 pm dead zone candle. I think "Lem" would trade the return into the wick zone or even the drive up from the open of the present candle triggering a long as that candle passed the mid price of the 12 noon to 1 pm dead zone candle? {image}
Hi T15. To answer your question, with the proportions of the Wick-Zones being as they were and the mid-line being in the upper zone, I probably wouldn't trade any first move down out of the large upper zone, instead I would trade the price crossing up across the mid-line. Doing this, you bag your +5 straight away. If by any chance I did take the first move down out of the upper WZ, then I would eat the small loss and close and counter on the other trade up. You'd still get the +5.

You can get a better idea of the sequence of events by looking first at the M1 bar chart and then the m1 line. The purple area is the upper Wick Zone. The red vertical line on the left is the end of the Dead Zone candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1forT15egbar17thnov16.png Size: 30 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1forT15egline17thnov16.png Size: 27 KB


The big picture, including Wick-Zones:
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1incWZforT15nov17th16.png Size: 32 KB
  • #12,305
  • Nov 17, 2016 7:15pm Nov 17, 2016 7:15pm
Quoting lemercenaire
The purple area is the upper Wick Zone. The red vertical line on the left is the end of the Dead Zone candle. The big picture, including Wick-Zones: {image}
Advanced Alien Civilization method.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,306
  • Nov 18, 2016 2:28am Nov 18, 2016 2:28am
Quoting TooSlow
{quote} Advanced Alien Civilization method.
Lol, TS. If anyone else can come up with another way to explain what is happening when ''price-moves-through-the-area-of-the-candle-which-comprises-of-the-wicks'' in two words or less, without using the words 'wick' or 'zone', then feel free to let me know.
  • #12,307
  • Nov 18, 2016 3:52am Nov 18, 2016 3:52am
Quoting claudia1
Then have a look at silver bouncing off major support. Hey Billy sorry for all the posts last one for today. Be good. {image}
Keep posting, Different posts are refreshing...
All the winning posts/charts are getting boring lol...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,308
  • Nov 18, 2016 3:53am Nov 18, 2016 3:53am
[quote=lemercenaire;9264168]Well, well, well...lots of interest today. First off,

More excellent charts, thank you Lem
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,309
  • Nov 18, 2016 3:57am Nov 18, 2016 3:57am
Quoting lemercenaire
{quote} Lol, TS. If anyone else can come up with another way to explain what is happening when ''price-moves-through-the-area-of-the-candle-which-comprises-of-the-wicks'' in two words or less, without using the words 'wick' or 'zone', then feel free to let me know.
maybe use long words then lol zone =principality,territory, enclosure lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,310
  • Nov 18, 2016 9:40am Nov 18, 2016 9:40am
[quote=billytt;9265563]
Quoting lemercenaire
Well, well, well...lots of interest today. First off, More excellent charts, thank you Lem
Billy, Lem, Turnip, Claudia et al ----- Attached is a picture of an indicator I use. It is the Dimdel GreenRed Fibs and it shows the previous bar high low and high and can be set to show a mid point as I have done. You can set it for any timeframe. It will eliminate having to draw mid lines etc. It can be found at Dimdel thread.
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 20 KB
  • #12,311
  • Nov 18, 2016 11:11am Nov 18, 2016 11:11am
7 am bar breaks and "Dead Zone" trades ( 12 noon ) - some trades obvious others have to be managed - wick zones etc. (central lines trades not shown).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable1H1657.jpg Size: 240 KB
Click to Enlarge Name: CAD1H1701.jpg Size: 261 KB
Click to Enlarge Name: EJ1H1705.jpg Size: 529 KB
every Saint has a past. Every Sinner has a Future
  • #12,312
  • Nov 18, 2016 2:23pm Nov 18, 2016 2:23pm
[quote=tomthepoppop;9266864]
Quoting billytt
{quote} Billy, Lem, Turnip, Claudia et al ----- Attached is a picture of an indicator I use. It is the Dimdel GreenRed Fibs and it shows the previous bar high low and high and can be set to show a mid point as I have done. You can set it for any timeframe. It will eliminate having to draw mid lines etc. It can be found at Dimdel thread. Tom {image}
But, but, but...where's the fun in that!!!???

Thanks ttpp. I actually, perversely, enjoy putting it all together. Kind of like yoga - takes a while to assemble yourself but it's worth it in the end! Having said all that, I actually do have the indicator to do it anyway - Alien Technology - but I have been too busy to set it all up on the charts - ok, ok, too busy, yes - but mostly just a lazy ####! I will have to get around to it eventually.
  • #12,313
  • Nov 18, 2016 3:30pm Nov 18, 2016 3:30pm
Quoting billytt
{quote} maybe use long words then lol zone =principality,territory, enclosure lol
The Northern and Southern Alien Principality...NAP + SAP...I don't know whether to laugh or cry, lol!
  • #12,314
  • Nov 18, 2016 3:37pm Nov 18, 2016 3:37pm
Friday, Friday, Friday...usually don't do much of anything on a Friday. I was supposed to be helping my uncle lay a wooden floor but he called in the am to push it to next week and I got to run the Dead Zone after all.

I had sat up through the night running another possible method as I had expected to miss trading during the day! That went awesomely well. Best yet overall for that new beastie. It's been some 24 hrs, lol.

I had a small, very small, head-fake on Cable but basically only the spread, before it did a Butch and Sundance. No worries there.

In fact, all head-faked except for CADJPY, GBPNZD and USDCAD but all in completely manageable ways to end the week very, very, nicely indeed.

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30deadzone17thnov16.png Size: 34 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30deadzone17thnov16.png Size: 28 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30deadzone17thnov16.png Size: 29 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKM30deadzone17thnov16.png Size: 31 KB


GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30daeadzone17thnov16.png Size: 33 KB
  • #12,315
  • Nov 18, 2016 3:40pm Nov 18, 2016 3:40pm
Audnzd
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30deadzone17thnov16.png Size: 34 KB


gbpusd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30deadzone17thnov16.png Size: 31 KB


cadjpy
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30deadzone17thnov16.png Size: 34 KB


nzdusd
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30deadzone17thnov16.png Size: 27 KB


nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM30deadzone17thnov16.png Size: 37 KB
  • #12,316
  • Nov 18, 2016 3:42pm Nov 18, 2016 3:42pm
Also, just for the record, Claudia's XAUUSD...

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30deadzone17thnov16.png Size: 34 KB
  • #12,317
  • Nov 18, 2016 3:56pm Nov 18, 2016 3:56pm
They will ban you from taking 5 pips if you keep it up, Lem.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,318
  • Edited 11:59pm Nov 18, 2016 11:19pm | Edited 11:59pm
Quoting turnip15
7 am bar breaks and "Dead Zone" trades ( 12 noon ) - some trades obvious others have to be managed - wick zones etc. (central lines trades not shown). {image} {image} {image}
T15

If I may i would like to know how do you manage your hourly breakout trades .
do you use a fixed SL or do you counter fail breakout ?
I'm looking with attention all of your posts

SB

PS: A/U Chart with daily supports resistances......i know there is a moving average .... just for reference
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 107 KB
trying to make everyday the best risk/reward decisions possible
  • #12,319
  • Nov 19, 2016 3:30am Nov 19, 2016 3:30am
Just for the record, I had meant to mention in the earlier post that my main trades were on Cable and CADJPY.
  • #12,320
  • Nov 19, 2016 11:17am Nov 19, 2016 11:17am
Quoting slowbrain
{quote} T15 If I may i would like to know how do you manage your hourly breakout trades . do you use a fixed SL or do you counter fail breakout ? I'm looking with attention all of your posts SB PS: A/U Chart with daily supports resistances......i know there is a moving average .... just for reference {image}
Don't ask me - I follow Claudia, Billy and Lem. My approach is to pick a point and stand a couple of pips in front of the train so that I get swept up rather than jump on early. Lem has an easier approach to stops if you read his posts but stops are a personal thing and you have to be able to change your mind ( go short from your original long etc) rather than hang on and get into deeper water. A stop is just somewhere you admit to being wrong ( including levels etc). You don't need moving averages even if I hang onto them out of habit.
every Saint has a past. Every Sinner has a Future
6 traders viewing now