Billytt Die happy trading e/j daily breakout | Page 728 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #14,541
  • Feb 3, 2017 2:20pm Feb 3, 2017 2:20pm
Quoting lemercenaire
Something I've noticed... See how price is constantly reacting to the zones set by the original 07:45 DAX candle through the day? Interesting, eh? GER30M15as07.45showWZsatractpricethruday.png;2172034 {image}
Hi bud, i noticed that and have been working on it, A/U -Cable and E/J have the same reactive bar on slightly different time frame...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,542
  • Feb 3, 2017 2:21pm Feb 3, 2017 2:21pm
Same to you Lem, have a good weekend.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,543
  • Feb 3, 2017 2:21pm Feb 3, 2017 2:21pm
Have a good weekend all, i am out shortly helping my mate ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,544
  • Feb 3, 2017 3:58pm Feb 3, 2017 3:58pm
Quoting billytt
{quote} Hi bud, i noticed that and have been working on it, A/U -Cable and E/J have the same reactive bar on slightly different time frame...
I've seen it as price reacts around both the extended DZ and WH as well. You can trade both thoughout the day.

Anyway - really off this time!
  • #14,545
  • Feb 3, 2017 4:03pm Feb 3, 2017 4:03pm
Quoting lemercenaire
Something I've noticed... See how price is constantly reacting to the zones set by the original 07:45 DAX candle through the day? Interesting, eh? GER30M15as07.45showWZsatractpricethruday.png;2172034 {image}
That would be the INITIAL BALANCE RANGE.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,546
  • Feb 3, 2017 4:10pm Feb 3, 2017 4:10pm
Quoting TooSlow
{quote} That would be the INITIAL BALANCE RANGE.
I feel some reading time coming over the weekend lol...
http://pro-indicators.com/pro-initial-balance
  • #14,547
  • Feb 3, 2017 7:25pm Feb 3, 2017 7:25pm
Quoting lemercenaire
{quote} I feel some reading time coming over the weekend lol... http://pro-indicators.com/pro-initial-balance
more studying to do...
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,548
  • Edited 8:10pm Feb 3, 2017 7:43pm | Edited 8:10pm
Quoting TooSlow
{quote} That would be the INITIAL BALANCE RANGE.
The actual initial balance range is from the market open using 30 mins to 1 hour range.
Lem and i refer to before the open . I am speaking UK open. perhaps frankie might be involved.
Still good to study though...


edit, i said above in a positive way not being a smart ass lol.
I think it is open to discussion as it has merit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,549
  • Feb 3, 2017 8:13pm Feb 3, 2017 8:13pm
Quoting billytt
{quote} The actual initial balance range is from the market open using 30 mins to 1 hour range. Lem and i refer to before the open . I am speaking UK open. perhaps frankie might be involved. Still good to study though... edit, i said above in a positive way not being a smart ass lol. I think it is open to discussion as it has merit.
Don't we trade this already?
  • #14,550
  • Feb 3, 2017 9:00pm Feb 3, 2017 9:00pm
Quoting billytt
{quote} The actual initial balance range is from the market open using 30 mins to 1 hour range. Lem and i refer to before the open . I am speaking UK open. perhaps frankie might be involved. Still good to study though... edit, i said above in a positive way not being a smart ass lol. I think it is open to discussion as it has merit.
My mistake.
Thought Lem was talking about the first candle when he said " original 07:45 DAX candle"
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,551
  • Feb 4, 2017 5:29am Feb 4, 2017 5:29am
Quoting wannalearn12
{quote} Don't we trade this already?
i dont, all my trades are from the uk open at 08-00. Hope everything is ok
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,552
  • Feb 4, 2017 7:07am Feb 4, 2017 7:07am
Quoting lemercenaire
{quote} Got fed up waiting - decided to go Surf-The-Alien instead. You can always count on GN to get the adrenaline flowing! GBPNZDM15SurfingTheAlien3rdFeb17.png;2171270 Bored now - adrenaline crash - so I'm taking the bag from here, adding it to the GU WZ swag and closing down for the day. Have fun, all who decide to hang around and I'll be back later to post up the DZ charts. {image}
Lem- I was wondering what indi that is that your using on that chart?
Is it available?

Thanks in advance
Live today like theres no tomorrow-- Prioritize like you will die today
  • #14,553
  • Feb 4, 2017 11:44am Feb 4, 2017 11:44am
Quoting billytt
{quote} The actual initial balance range is from the market open using 30 mins to 1 hour range. Lem and i refer to before the open . I am speaking UK open. perhaps frankie might be involved. Still good to study though... edit, i said above in a positive way not being a smart ass lol. I think it is open to discussion as it has merit.
I knew what it was without knowing what it was called!

I have a weird feeling of deja vu as no doubt it has come up in my past and been ''stored away'', lol.
  • #14,554
  • Feb 4, 2017 11:48am Feb 4, 2017 11:48am
Quoting wannalearn12
{quote} Don't we trade this already?
Yes - but the point was that we generally trade the initial moves, or certainly the initial session moves (UK for Frankfurt Break, US for Dead Zone, Asian for Witching Hour), however this shows that price continues to revisit and react to those zones over the next 24 hrs.
  • #14,555
  • Feb 4, 2017 11:54am Feb 4, 2017 11:54am
Quoting iamsovereign
{quote} Lem- I was wondering what indi that is that your using on that chart? Is it available? Thanks in advance
Hi Buddy. It's an old indi re-purposed for my needs. I'll pm you over the weekend.
  • #14,556
  • Feb 4, 2017 8:30pm Feb 4, 2017 8:30pm
Sun 5th and a ridiculous time in the early hours 04-24.
Stats for A/U 4th Jan to and include 3rd Feb.
Trades 23,,, win 17 and loss 6

of the 6 losses, 3 would of made +5.
13 trades would of had 20+

edit, i was going to add retrace trades but that would be naughty of me.

edit 2, look at the Daily High/Low after the 04-00 break, i cannot say more.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,557
  • Feb 4, 2017 8:35pm Feb 4, 2017 8:35pm
Quoting lemercenaire
{quote} I knew what it was without knowing what it was called! I have a weird feeling of deja vu as no doubt it has come up in my past and been ''stored away'', lol.
Me and Mr T was half studying the open break but i found it wasn't consistent as too much over trading was involved.
So i kept it simple and stuck to Daily Break and then the 04-00 far more consistent especially the 04-00. and you cannot argue with stats.Every chart is a picture record.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,558
  • Feb 4, 2017 9:05pm Feb 4, 2017 9:05pm
Quoting lemercenaire
Remember what I said about price always wanting to leave the WZs? GBPUSDM30asH4-WZcu3rdFeb17cwSS-Gupdate2.png;2171806 {image}
Hi LM,

I understand the previous chart you showed had the H4 WZ with H1 candles. Is this the daily WZ with M30 candles?

Thank you
  • #14,559
  • Feb 4, 2017 9:10pm Feb 4, 2017 9:10pm
Hi LM,

I understand how you have combined H4 WZ with HOLO on H1.

However, HOLO is a reversal method while the WZ entry can be either a reversal or a breakout. How do you handle the H4 WZ breakout? Or do you just avoid it and focus on H1 123 and HOLO inside the H4 WZ?

Thank you for your insights. Enjoy the rest of the weekend!
  • #14,560
  • Feb 5, 2017 1:54am Feb 5, 2017 1:54am
Quoting courier12
{quote} Hi LM, I understand the previous chart you showed had the H4 WZ with H1 candles. Is this the daily WZ with M30 candles? Thank you
On my phone and will need to check later but grey boxes are Daily zones, blue boxes are H4. Time frame for candles is per the watermark.
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