Billytt Die happy trading e/j daily breakout | Page 709 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #14,161
  • Jan 24, 2017 7:28pm Jan 24, 2017 7:28pm
AU for me today on The Dead Zone, thanks to Billy's chat. Elsewhere, a couple of big, big, moves on Cable and UC and pips-a-plenty all round...

EURJPY
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  • #14,162
  • Jan 24, 2017 7:31pm Jan 24, 2017 7:31pm
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  • #14,163
  • Jan 24, 2017 7:33pm Jan 24, 2017 7:33pm
XAUUSD
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USDJPY
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  • #14,164
  • Jan 24, 2017 7:48pm Jan 24, 2017 7:48pm
Quoting learn2fly
{quote} hi lem,,thanks for your help, i think WZ is very similar (if not same) with HOLO.. what is the difference?
In what way do you mean is it similar? Sorry, I don't quite follow.

All the methods I use all have a common dna and because of this it is possible to use one method to overlap another, ie using D/H4 WZ to give strength to 1-2-3 set-ups. There would be an obvious argument for saying that if a HOLO set-up comes in a similar D/H4 WZ, then you could be looking at a more likely trade success. There are other technologies that could be overlaid as well, if you were that way inclined.

Always remember though, both HOLO and 1-2-3 do stand on their own unique merits. That's why these ''additional'' overlays are not part of the original methods.
  • #14,165
  • Jan 24, 2017 8:06pm Jan 24, 2017 8:06pm
Couple of things for tomorrow (Wednesday) -

Red news for EUR and USD, in the am and mid-afternoon (UK).

It's Crude Oil inventories colouring the USD, so look for the CAD to be moving as well.

To top it all off, it's a Bank Holiday for the Aussies.
  • #14,166
  • Jan 24, 2017 8:08pm Jan 24, 2017 8:08pm
Quoting lemercenaire
{quote} In what way do you mean is it similar? Sorry, I don't quite follow. All the methods I use all have a common dna and because of this it is possible to use one method to overlap another, ie using D/H4 WZ to give strength to 1-2-3 set-ups. There would be an obvious argument for saying that if a HOLO set-up comes in a similar D/H4 WZ, then you could be looking at a more likely trade success. There are other technologies that could be overlaid as well, if you were that way inclined. Always remember though, both HOLO and 1-2-3 do stand...
technologies.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,167
  • Jan 24, 2017 8:15pm Jan 24, 2017 8:15pm
Quoting lemercenaire
Setting up to post the day's Dead Zone and still had my AU chart open from the earlier trade... WOOOOOOOOOOOOOOOOOOOWWWWWWWWWWWEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!! AUDUSDH1WH24TH-25THJan17WOOOOOWWEEEEE.png;2154381 You gotta' love this game... {image}

Lem could you explain how you deal with the first fail signal .... I took the long trigger and short trigger , so I got hedge position now -11 and will wait next trigger tmrw to get back part of this theoretical loss.
thanks in advance
trying to make everyday the best risk/reward decisions possible
  • #14,168
  • Jan 24, 2017 10:20pm Jan 24, 2017 10:20pm
Quoting lemercenaire
{quote} You need to find a code for this Technology now, lol!
ERM... gosh... BZ? sounds good?
  • #14,169
  • Jan 24, 2017 10:45pm Jan 24, 2017 10:45pm
Quoting lemercenaire
{quote} H4 range may be too big but H1 gave a classic WZ set up (H4 as well, as it turns out). GBPUSDH1asWZ24thJan17.png;2152986 That's what's so great about trading, one set of conditions kills off one method of trading, while opening up another. {image}
LM,

I know the Wick Zone comes from the Advanced civilization. But I think over there, it is applied only to the daily and weekly wick zones?

Looks like you also apply it to the H4 and perhaps the H1 WZ of the prior H4 and H1 candle?

Thank you
  • #14,170
  • Jan 24, 2017 11:16pm Jan 24, 2017 11:16pm
Quoting courier12
{quote} LM, I know the Wick Zone comes from the Advanced civilization. But I think over there, it is applied only to the daily and weekly wick zones? Looks like you also apply it to the H4 and perhaps the H1 WZ of the prior H4 and H1 candle? Thank you
I think a certain someone says price either breaks out above the previous candle, goes back inside, breaks the low, or does all of them. EJ today was a masterful move.
  • #14,171
  • Jan 25, 2017 2:16am Jan 25, 2017 2:16am
Quoting courier12
{quote} LM, I know the Wick Zone comes from the Advanced civilization. But I think over there, it is applied only to the daily and weekly wick zones? Looks like you also apply it to the H4 and perhaps the H1 WZ of the prior H4 and H1 candle? Thank you
Hi C12. Yes, the original method-from-the-stars was the Daily WZ and as such, the original stats were generated from the Daily TF. However the principle behind the way price behaves in these areas carries over into any time-frame. This has been confirmed to me in conversations on the MotherShip.
  • #14,172
  • Jan 25, 2017 2:23am Jan 25, 2017 2:23am
t 08-22
no Dax trade today, i am out shortly so not worth looking at. At the moment nothing has happened yet anyway.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,173
  • Jan 25, 2017 2:29am Jan 25, 2017 2:29am
Quoting slowbrain
{quote} Lem could you explain how you deal with the first fail signal .... I took the long trigger and short trigger , so I got hedge position now -11 and will wait next trigger tmrw to get back part of this theoretical loss. thanks in advance
Hi SB.

I took the long trigger on the BreakOut and it fell just short of the +5 lock-in, so I rode it back down until the reverse trade was triggered short as the price left the Upper WZ. I then closed the original trade for -1 (if I remember correctly) and let the second trade do its thing.

If things are moving very fast - as these often do, I will place the counter trade first to make sure I get in where I want and then go close the original, now negative, trade. This is when the Mid-Line is useful, as it can give a solid line-in-the-sand for this sl.

EDIT: I am assuming we are both talking about the AU trade(s).
  • #14,174
  • Jan 25, 2017 2:33am Jan 25, 2017 2:33am
Quoting wannalearn12
{quote} I think a certain someone says price either breaks out above the previous candle, goes back inside, breaks the low, or does all of them. EJ today was a masterful move.
Exactly.
  • #14,175
  • Jan 25, 2017 2:35am Jan 25, 2017 2:35am
A/U has just triggered (low) range of 26 . So far today it has moved 70+ , it could drop another 30 to the 00... i just want a good 5 yay. This i can trade before gooing out or i shall phone a friend lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,176
  • Jan 25, 2017 2:36am Jan 25, 2017 2:36am
Dax 07-30 High break would of been good, CRUEL lol, i watched it move up ..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,177
  • Jan 25, 2017 2:38am Jan 25, 2017 2:38am
t 08-37 A/U has gott me +5 plus my counter from yesterday is good. Thats me done .Pity about Dax . Trade well all. i am out in 30 mins ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,178
  • Jan 25, 2017 2:53am Jan 25, 2017 2:53am
Quoting lemercenaire
{quote} Hi C12. Yes, the original method-from-the-stars was the Daily WZ and as such, the original stats were generated from the Daily TF. However the principle behind the way price behaves in these areas carries over into any time-frame. This has been confirmed to me in conversations on the MotherShip.

Thank you LM.

One last clarification: I know when the WZ on the daily and weekly is referred to, it is with respect to the prior daily / weekly candle.

When you use it on the intra day H4 and H1 charts, are you looking at the WZ of the prior H4 / H1 candle only?

Thank you,
  • #14,179
  • Jan 25, 2017 3:06am Jan 25, 2017 3:06am
Quoting courier12
{quote} Thank you LM. One last clarification: I know when the WZ on the daily and weekly is referred to, it is with respect to the prior daily / weekly candle. When you use it on the intra day H4 and H1 charts, are you looking at the WZ of the prior H4 / H1 candle only? Thank you,
Yes, it is the previous candle only.

Interestingly, having said that, you can look at The Dead Zone and Witching Hour set-ups through the day and often see how price will come back to those areas and react again.
  • #14,180
  • Jan 25, 2017 3:18am Jan 25, 2017 3:18am
grabbed, 5pips from aud, and 5 from cable.
I Will Never Give Up
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