Billytt Die happy trading e/j daily breakout | Page 622 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #12,421
  • Nov 25, 2016 9:40pm Nov 25, 2016 9:40pm
[quote=lemercenaire;9288744]Dead Zone set-ups for today. Once again, none traded by me. I kept an eye on them and would have jumped in if something had struck me as particularly likely but to be honest,


good charts Lem, have a good weekend
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,422
  • Nov 26, 2016 2:33pm Nov 26, 2016 2:33pm
Good weekend all

Inserted Video
  • #12,423
  • Nov 28, 2016 2:05am Nov 28, 2016 2:05am
t 08-04....a new week. Trade well all.
Robert the Spanish Trader for me has now left so i am on my own lol.
i will concentrate on 04-00 break A/U then Cable....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,424
  • Nov 28, 2016 2:33am Nov 28, 2016 2:33am
Quoting billytt
t 08-04....a new week. Trade well all. Robert the Spanish Trader for me has now left so i am on my own lol. i will concentrate on 04-00 break A/U then Cable....
On the night shift, hit AU for the pips, did the "divide the entry into two and enter the second on the retrace" first price for me was 880 second price was 830, toook out at 920. Cable looks good for the long possibly? Not sure. Sleep comes. Night.
  • #12,425
  • Nov 28, 2016 3:41am Nov 28, 2016 3:41am
Quoting wannalearn12
{quote} On the night shift, hit AU for the pips, did the "divide the entry into two and enter the second on the retrace" first price for me was 880 second price was 830, toook out at 920. Cable looks good for the long possibly? Not sure. Sleep comes. Night.
i did same thing with A/U , trade the break of high and a second trade on the retrace... 2nd trade was good and i am still with the first trade.
Cable high broke then failed but the low break was a beauty. Not traded by myself...t 09-51
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,426
  • Nov 28, 2016 3:43am Nov 28, 2016 3:43am
Four hour Cable
Lems "Dead Zone" gave me an idea: Look at the arrowed 4 am four hour candle and note the upper wick and open. The next candle opens and price goes up, initially, exceeding the previous candles wick (zone) then retraces falling below the 4 am candles wick "Zone" and continues down crossing the previous ( 4 am)candles open.
Question : would it be a viable strategy to enter a short as that candles price falls below the 4 am candles open ?

NOTE: The usual 4 am strategy of trading breaks of high or low produced a fantastic short trade
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #12,427
  • Nov 28, 2016 3:51am Nov 28, 2016 3:51am
@Billytt
Your previous idea about Dax ( 7 am ) one hour trading break. I see that approach produced a "whopper of a short today
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every Saint has a past. Every Sinner has a Future
  • #12,428
  • Nov 28, 2016 7:15am Nov 28, 2016 7:15am
Quoting turnip15
@Billytt Your previous idea about Dax ( 7 am ) one hour trading break. I see that approach produced a "whopper of a short today {image}
yes indeed, DAX does move big and i love it but it is this volatile move which makes me uneasy to trade it. Hope you are ok MrT.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,429
  • Nov 28, 2016 7:17am Nov 28, 2016 7:17am
[quote=turnip15;9293125]Four hour Cable Lems "Dead Zone" gave me an idea: Look at the arrowed 4 am four hour candle and note the upper wick and open. The next candle opens and price goes up, initially, exceeding the previous candles wick (zone) then retraces falling below the 4 am candles wick "Zone" and continues down crossing the previous ( 4 am)candles open. Question : would it be a viable strategy to enter a short
i think we need stats to see how it operates around this time Mr T, you may of found something?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,430
  • Nov 28, 2016 7:19am Nov 28, 2016 7:19am
A/U 04-00 break. High failed and Low was good.
i have a counter with the high trade and this will be good over a day or two. i have no worries.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,431
  • Nov 28, 2016 7:25am Nov 28, 2016 7:25am
[quote=turnip15;9293125]Four hour Cable Lems "Dead Zone" gave me an idea: Look at the arrowed 4 am four hour candle and note the upper wick and open. The next candle opens and price goes up, initially,

i honestly think we should concentrate on the high/low break as opposed to an open.., Not said negatively as i think an open is what is left after the big boys have placed/sold tradesn and the followers on have had a say.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,432
  • Edited 9:06am Nov 28, 2016 7:28am | Edited 9:06am
Quoting turnip15
Four hour Cable Lems "Dead Zone" gave me an idea: Look at the arrowed 4 am four hour candle and note the upper wick and open. The next candle opens and price goes up, initially, exceeding the previous candles wick (zone) then retraces falling below the 4 am candles wick "Zone" and continues down crossing the previous ( 4 am)candles open. Question : would it be a viable strategy to enter a short as that candles price falls below the 4 am candles open ? NOTE: The usual 4 am strategy of trading breaks of high or low produced a fantastic short trade...
Bearing in mind that I am still more than a little sleep deprived after watching The Grey Cup last night, I think what you are describing is what I have called a ''late 1-2-3'' (or ''Plopper'')''. Harry Plopper had a thread recently, where two or three of us explored a pattern which the three of us then split into trading in three different ways, lol! This one you describe, is as I said, the way I used to trade it...I think...

TooSlow's 1-2-3 looks for a new High/Low to be made, a second bar to test that High/Low, that second bar to fail and you enter as price crosses back over the second bar's open.

The Plopper/late 1-2-3 as I saw it, was exactly the same but you entered on the close of the second bar/open of third.

Having said all that, is there any need for this when you could simply use Alien Technology via the ''Alien Airspace Method'' to trade the same movement?

I should also say that I am trying to understand this and type while running the Dead Zone - not recommended and don't try this at home, folks! So I'm out of here for now. I'll check back on this and see if I picked it up right.
  • #12,433
  • Nov 28, 2016 7:50am Nov 28, 2016 7:50am
Quoting lemercenaire
{quote} Bearing in mind that I am still more than a little sleep deprived after watching The Grey Cup last night, I think what you are describing is what I have called a ''late 1-2-3 (or ''Plopper'')''. Harry Plopper had a thread recently, where two or three of us explored a pattern which the three of us then split into trading in three different ways, lol! This one you describe, is as I said, the way I used to trade it...I think... TooSlow's 1-2-3 looks for a new High/Low to be made, a second bar to test that High/Low, that second bar to fail and...
Hi Lem, hope all is well. Saying this light heartedly , any new comer reading this post will have no idea what so ever lol. aliens, plopper, late 1 2 3 lol. It is all good information and worth looking at. Trade well bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,434
  • Nov 28, 2016 9:22am Nov 28, 2016 9:22am
Quoting billytt
{quote} Hi Lem, hope all is well. Saying this light heartedly , any new comer reading this post will have no idea what so ever lol. aliens, plopper, late 1 2 3 lol. It is all good information and worth looking at. Trade well bud
Ha ha ha - yeah, sometimes I feel like we're working in Bletchley Park here!
  • #12,435
  • Nov 28, 2016 9:56am Nov 28, 2016 9:56am
[quote=billytt;9293956]
Quoting turnip15
Four hour Cable Lems "Dead Zone" gave me an idea: Look at the arrowed 4 am four hour candle and note the upper wick and open. The next candle opens and price goes up, initially, i honestly think we should concentrate on the high/low break as opposed to an open.., Not said negatively as i think an open is what is left after the big boys have placed/sold tradesn and the followers on have had a say.
Or Lem's "mid line" might be a good spot to counter if the open is right up on the high, food for though I have no idea.
  • #12,436
  • Nov 28, 2016 12:33pm Nov 28, 2016 12:33pm
[quote=wannalearn12;9294739]
Quoting billytt
{quote} Or Lem's "mid line" might be a good spot to counter if the open is right up on the high, food for though I have no idea.
That's actually what I originally thought. Great minds and all that...
  • #12,437
  • Nov 28, 2016 4:26pm Nov 28, 2016 4:26pm
Well, a good spread of techniques required on show today, as you could have used straight Break-Outs, counters (across both outside breaks and Mid-Lines) and of course all sorts of flights through Alien Air-Space. It was gratifying to see that even those pairs with a narrower range than usual perhaps - XAUUSD, GBPUSD - and where price didn't take a big break like in USDCAD, were still easily tradeable.

Anyhooooo...here's the story of the day...

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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  • #12,438
  • Nov 28, 2016 4:30pm Nov 28, 2016 4:30pm
Audnzd
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gbpusd
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cadjpy
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nzdusd
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nzdjpy
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  • #12,439
  • Nov 28, 2016 4:31pm Nov 28, 2016 4:31pm
XAUUSD
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  • #12,440
  • Nov 28, 2016 4:41pm Nov 28, 2016 4:41pm
Quoting lemercenaire
Well, a good spread of techniques required on show today, as you could have used straight Break-Outs, counters (across both outside breaks and Mid-Lines) and of course all sorts of flights through Alien Air-Space. It was gratifying to see that even those pairs with a narrower range than usual perhaps - XAUUSD, GBPUSD - and where price didn't take a big break like in USDCAD, were still easily tradeable. Anyhooooo...here's the story of the day... EURJPY {image} USDCAD {image} AUDUSD {image} USDNOK {image} GBPNZD {image}
Hello all and happy holidaze. Good Stuff Lem... Trading the witching hour tonight
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