Billytt Die happy trading e/j daily breakout | Page 625 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #12,481
  • Nov 30, 2016 2:49am Nov 30, 2016 2:49am
I traded ej on the breakout instead of au. Nearly at goal. Will finish up in the morning. Cheers.
  • #12,482
  • Nov 30, 2016 3:06am Nov 30, 2016 3:06am
Quoting slowbrain
{quote} are you still looking at some 30 mn breakout candle on A/U ?
NO, i get bored and start playing around .. 04-00 break is in my opinion the best.
I am quite confident to hit it hard.especially if we have an inside bar around or a daily pivot.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,483
  • Nov 30, 2016 3:11am Nov 30, 2016 3:11am
Quoting wannalearn12
I traded ej on the breakout instead of au. Nearly at goal. Will finish up in the morning. Cheers.
you did well bud, High break was just after yesterdays Daily High and it got past the 00..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,484
  • Nov 30, 2016 4:37am Nov 30, 2016 4:37am
Not around today but I see Cable four hour broke high and Low Billy.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable1034.jpg Size: 254 KB
every Saint has a past. Every Sinner has a Future
  • #12,485
  • Nov 30, 2016 4:41am Nov 30, 2016 4:41am
A reaction this morning from GBP to last night's NZD strong-arming...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM30reactionfromgbp30thnov16.png Size: 30 KB
  • #12,486
  • Nov 30, 2016 4:46am Nov 30, 2016 4:46am
Looking at the way things are moving just now - it's setting up to be a very nice day down in the Dead Zone! Bring it on... (Did that last bit in Huggy Bear voice for some reason!)
  • #12,487
  • Nov 30, 2016 6:47am Nov 30, 2016 6:47am
Quoting turnip15
Not around today but I see Cable four hour broke high and Low Billy. {image}
Hello Mr T, yes indeed Cable was a beautiful with both High and Low breaks bringing £££££££££ yay. But not for me lol,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #12,488
  • Nov 30, 2016 8:34am Nov 30, 2016 8:34am
Dead zone ej. Missed the initial short, so I longed it across the mid line. That failed so I closed and 400% hedged. Hit close at break even but got filled for only 50% so more work to do.
  • #12,489
  • Nov 30, 2016 9:43am Nov 30, 2016 9:43am
Quoting wannalearn12
Dead zone ej. Missed the initial short, so I longed it across the mid line. That failed so I closed and 400% hedged. Hit close at break even but got filled for only 50% so more work to do.
Ahh I missed the initial short as well...
  • #12,490
  • Nov 30, 2016 11:43am Nov 30, 2016 11:43am
Mess up I had today, really a shame.
Attached Image (click to enlarge)
Click to Enlarge Name: Ejfuckup.jpg Size: 73 KB
  • #12,491
  • Nov 30, 2016 12:44pm Nov 30, 2016 12:44pm
Quoting wannalearn12
Mess up I had today, really a shame. {image}
Accidents can be prevented.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,492
  • Nov 30, 2016 2:46pm Nov 30, 2016 2:46pm
Quoting TooSlow
{quote} Accidents can be prevented.
I was trying to break it even drag and drop, dragged it too far and insta-closed. Lesson learned use the number input.

How much more does EJ have left? It's nearly hit 200 pips.

Billy, regarding EJ what do the stats say about large range like this?
  • #12,493
  • Nov 30, 2016 4:25pm Nov 30, 2016 4:25pm
Quoting wannalearn12
Dead zone ej. Missed the initial short, so I longed it across the mid line. That failed so I closed and 400% hedged. Hit close at break even but got filled for only 50% so more work to do.
Hi buddy - if I had missed that short and it was a weak move down, then I would counter 200% on the move back up and out of the Southern Alien Airspace.

Reasoning for this is that it's unusual for a move to carry all the way from outside and out the other side in one go. Much more likely to come back in and pivot around the Mid-Line, before then continuing on if it's going to at all. So actually the Mid-Line entry is not such a strong move in this case. Better to take the move I described and then lock in at the Mid-Line - if it pivots and continues on, take the BreaKout, with the Mid-Line as your stop.

If it pivots around the Mid-Line and goes back down and out (more likely, at least into the lower airspace and back out if not all the way out the other side) - I would not take the BreakOut but wait again for a return back into the zone and take a second WZ trade (damn, I said WZ...ssshhhhh!!!).

I have never hedged 400%...However if you so desire - not my recommendation - the highest likelihood of success comes from a WZ Trade back inside (damn, again!!! )
  • #12,494
  • Nov 30, 2016 4:31pm Nov 30, 2016 4:31pm
Quoting wannalearn12
{quote} I was trying to break it even drag and drop, dragged it too far and insta-closed. Lesson learned use the number input. How much more does EJ have left? It's nearly hit 200 pips. Billy, regarding EJ what do the stats say about large range like this?
Oh, man - I have done that. Embarrassing but for what it's worth, I've never done it since, lol.

Sometimes on Dead Zone trades, there really isn't enough time to do it by the numbers. I do drag-and-drop...just very carefully!
  • #12,495
  • Nov 30, 2016 5:37pm Nov 30, 2016 5:37pm
Dead Zone set-ups for today.

I had GBPNZD first up, as I had been watching it move last night. As the expected Long had come too early, I took a Wick-Zone trade back short - took the nice profit and happy to do so. I then gritted my teeth and smiled after not getting any of the major long later in the day - ah well.

On top of that I added the exotic USDNOK, as it had a tiny range and I was guaranteed to make a profit by doing nothing more than spinning a bottle, picking long or short and playing the lines from there.

Of the other kids on the block, Cable was an easy read, as it was pretty much guaranteed to move back inside the previous LRCs and would have made a good choice on any other day. XAUUSD was another classic WZ set-up, paying out going either direction, with no drama attached.

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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Click to Enlarge Name: USDNOKM30deadzone30thnov16.png Size: 33 KB


GBPNZD
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Click to Enlarge Name: GBPNZDM30deadzone30thnov16.png Size: 27 KB
  • #12,496
  • Nov 30, 2016 5:38pm Nov 30, 2016 5:38pm
Quoting lemercenaire
- the highest likelihood of success comes from a WZ Trade back inside (damn, again!!! )
Careful.
LOL
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #12,497
  • Nov 30, 2016 5:39pm Nov 30, 2016 5:39pm
Audnzd
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gbpusd
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cadjpy
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Click to Enlarge Name: CADJPYM30deadzone30thnov16.png Size: 29 KB


nzdusd
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Click to Enlarge Name: NZDUSDM30deadzone30thnov16.png Size: 27 KB


nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM30deadzone30thnov16.png Size: 33 KB
  • #12,498
  • Nov 30, 2016 5:40pm Nov 30, 2016 5:40pm
XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30deadzone30thnov16.png Size: 30 KB
  • #12,499
  • Nov 30, 2016 5:52pm Nov 30, 2016 5:52pm
EJ just broke out perfectly. Didn't have the trade setup.
  • #12,500
  • Nov 30, 2016 6:45pm Nov 30, 2016 6:45pm
Quoting billytt
{quote} A/U is an easier pace to trade than Cable or E/J.. BUT at this moment in time A/U is acting weird so should be treated with respect. It is going to blow though. I have been taking stats as usual but i have only just started to trade my self this week after having someone do it for me for several weeks.
it did, yay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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