Billytt Die happy trading e/j daily breakout | Page 674 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #13,461
  • Jan 5, 2017 5:47pm Jan 5, 2017 5:47pm
I punched myself in the foot :d. I had UJ short at .300.... only got .280.... one minute later. Drops to .000
  • #13,462
  • Jan 5, 2017 5:49pm Jan 5, 2017 5:49pm
123 on UJ ?
  • #13,463
  • Jan 5, 2017 5:56pm Jan 5, 2017 5:56pm
Quoting wannalearn12
123 on UJ ?
Or EU...I'd be a bit concerned re UJ that there doesn't seem to be a lot of oomph behind it just now (may change over The Witching Hour, of course).

EDIT: Had another look. Would leave EU for now but yes, UJ on next bar if nothing weird happens.
  • #13,464
  • Jan 5, 2017 6:13pm Jan 5, 2017 6:13pm
Quoting lemercenaire
{quote} Or EU...I'd be a bit concerned re UJ that there doesn't seem to be a lot of oomph behind it just now (may change over The Witching Hour, of course). EDIT: Had another look. Would leave EU for now but yes, UJ on next bar if nothing weird happens.
.. you know what happened
  • #13,465
  • Jan 5, 2017 6:17pm Jan 5, 2017 6:17pm
Quoting wannalearn12
{quote} .. you know what happened
As it stands, Bada Bing! - UJ @ +19, EU @ +9
  • #13,466
  • Jan 5, 2017 6:20pm Jan 5, 2017 6:20pm
Quoting lemercenaire
{quote} As it stands, Bada Bing! - UJ @ +19, EU @ +9
Like stealing candy this is. Idk why you don't slay EJ lem... you know why I can't... if I would... omg
  • #13,467
  • Jan 5, 2017 6:22pm Jan 5, 2017 6:22pm
Quoting turnip15
{quote} Billy -your Dax scalps/trades - do you drop to the 5 minute charts to trade the 7.45 am to 8 am bar breaks ? {image}
Hi Mr T, No,,, i get trigger then trade.
Like i said earlier the High broke then failed same as day before. (but i didn't trade) I have noticed this happens often. Thursday range was quite low.
You must remember when i trade i expect to lose , i am good at fixing bad trades.
i think but have no stats on it, if you revert to 5 min chart you'll get too much noise.
i just keep it simple Trigger, Trade profit. or trigger ,trade, counter trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,468
  • Jan 5, 2017 6:23pm Jan 5, 2017 6:23pm
Mr T, when i am scalping dax i trade off the 3 minute bar and wait for consolidation or a level being broke.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,469
  • Jan 5, 2017 6:25pm Jan 5, 2017 6:25pm
Dax, 07-45 trade. i am not fully at ease with it. Probably because i am still working on it. A/U is easy and Cable is just behind.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,470
  • Edited Jan 6, 2017 2:44am Jan 5, 2017 8:13pm | Edited Jan 6, 2017 2:44am
Quoting slowbrain
{quote} Lem for wick zone based on your experience what are the top 3 currencies we should look at ?
Hi SB. Apologies for the late reply, things got busy!

Ok, to answer your question, if you are looking specifically at the Daily WZ, then you would be looking at EURUSD, which is a smooth, steady performer, which can go on big runs. EURJPY of course, especially lately - but you can have periods of small back-and-forth trades between bigger moves (small is of course relative, when you are talking about the Daily tf).

EURAUD can give you very big runs and the moves are a regular as clockwork and don't forget GBPUSD, which is similar in behaviour but goes for double the length on any runs.

Of the others, GBPNZD is as you know from my posts, more than a bit bonkers - and the spreads can be daunting - but gives many, many, opportunities. AUDUSD can give you huge runs but if you miss an entry, it can be a while before you can get in on something.

One thing I would say, is that if you can, you should look to run H4 WZ trades as well as the Daily. They are very, very, profitable and can still be run by someone like yourself at the moment, who cannot be at the screens all day. Don't do an either/or. If you are running Daily but end up in front of the screens with nothing happening, switch down to the H4 and see if there is anything going.

EURJPY is great on H4 and AUDUSD even better.

Hope that's of some help. Try them out and see which suits your style.
  • #13,471
  • Jan 5, 2017 10:57pm Jan 5, 2017 10:57pm
Quoting lemercenaire
{quote} Hi SB. Apologies for the late reply, things got busy! Ok, to answer your question, if you are looking specifically at the Daily WZ, then you would be looking at EURUSD, which is a smooth, steady performer, which can go on big runs. EURJPY of course, especially lately - but you can have periods of small back-and-forth trades between bigger moves (small is of course relative, when you are talking about the Daily tf). EURAUD can give you very big runs and the moves are a regular as clockwork and don't forget GBPUSD, which is similar in behaviour...
Lem

You make my day .... very clear and detailed answers ... thanks a lot for the time and efforts .
I really enjoy to trade horizontal lines .... simple and neat don't need to think too much, no need to analyse lagging indicators ... ... perfect style for me

SB
trying to make everyday the best risk/reward decisions possible
  • #13,472
  • Jan 6, 2017 2:03am Jan 6, 2017 2:03am
all is quiet before the storm. I am going to bed. No money for me :d
  • #13,473
  • Jan 6, 2017 2:31am Jan 6, 2017 2:31am
Morning ,, t 08-30 Cable and A/U both sluggish , don't forget NFP day. I am leaving them alone but maybe after the event steal a few points. I am playing Dax though .....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,474
  • Jan 6, 2017 2:38am Jan 6, 2017 2:38am
Quoting billytt
Morning ,, t 08-30 Cable and A/U both sluggish , don't forget NFP day. I am leaving them alone but maybe after the event steal a few points. I am playing Dax though .....
For NFP play , my favorite game :

Play the break of the 15 mn candle after the release ... candle break XX:30 XX:45

SB
trying to make everyday the best risk/reward decisions possible
  • #13,475
  • Jan 6, 2017 2:46am Jan 6, 2017 2:46am
DAX fills the K-Gap once again in the Witching Hour...

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  • #13,476
  • Jan 6, 2017 2:49am Jan 6, 2017 2:49am
Billy's 07:45 as WZ set-up...

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  • #13,477
  • Jan 6, 2017 2:55am Jan 6, 2017 2:55am
Quoting lemercenaire
Billy's 07:45 as WZ set-up... {image}
Hi Lem, i have Dax on counter. i will wait it out. i do have triggers for any quick moves. I will cancel them before NFP though if still on.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,478
  • Jan 6, 2017 2:56am Jan 6, 2017 2:56am
Quoting slowbrain
{quote} For NFP play , my favorite game : Play the break of the 15 mn candle after the release ... candle break XX:30 XX:45 SB
agreed, i normally wait for a spike then hit the retrace IF i trade. More often i cannot be bothered just stick with 5.yay. But trade well bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,479
  • Jan 6, 2017 2:56am Jan 6, 2017 2:56am
Frankfurt Break off to a slow start. I'm not on this - don't run it on a Friday anyway and certainly not today with so much red when I will be away from the screens.

V1 is going nowhere fast at the moment and V2 just missed its first tp mark by a hair's breadth.

Attached Image (click to enlarge)
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  • #13,480
  • Jan 6, 2017 3:09am Jan 6, 2017 3:09am
Quoting billytt
{quote} Hi Lem, i have Dax on counter. i will wait it out. i do have triggers for any quick moves. I will cancel them before NFP though if still on.
Billytt

When you open a counter trade , you keep the same size than the first entry or you increase size in order to close it in profit if its keep going on the opposite direction of the first entry ?
trying to make everyday the best risk/reward decisions possible
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