Billytt Die happy trading e/j daily breakout | Page 738 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #14,741
  • Feb 10, 2017 2:04am Feb 10, 2017 2:04am
Cable 4 am "Billy" bar:
Billy and lem ?

Not sure I executed this trade properly: Price broke South for a few pips but I closed too late as price headed back North into Wick Zone of signal bar. I then went long for +10 when price went North and entered body of signal bar. Is that a satisfactory way of trading it or was I too slow again to maximise any advantage ?
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every Saint has a past. Every Sinner has a Future
  • #14,742
  • Feb 10, 2017 2:06am Feb 10, 2017 2:06am
t 10-05 Cable, having a bad time lol, currently -400 but it could of been worse lol. Got a counter in and friend is trading for me. I am off out with Lady. Good news is, IT ISN'T MY MONEY yay..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #14,743
  • Feb 10, 2017 3:21am Feb 10, 2017 3:21am
Quoting turnip15
Cable 4 am "Billy" bar: Billy and lem ? Not sure I executed this trade properly: Price broke South for a few pips but I closed too late as price headed back North into Wick Zone of signal bar. I then went long for +10 when price went North and entered body of signal bar. Is that a satisfactory way of trading it or was I too slow again to maximise any advantage ? {image}
I am TooSlow.
Not you.
Lol!
Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14,744
  • Feb 10, 2017 5:28am Feb 10, 2017 5:28am
Its really bad bad trade today both cble and aud.is it because today cad red news guys? So everybody waiting for the news to begin the move?
I Will Never Give Up
  • #14,745
  • Feb 10, 2017 5:42am Feb 10, 2017 5:42am
Quoting TooSlow
{quote} I am TooSlow. Not you. Lol! Cheers.
LOL
every Saint has a past. Every Sinner has a Future
  • #14,746
  • Feb 10, 2017 11:16am Feb 10, 2017 11:16am
I am making the great leap - into... dun dun dun... futures. lol Emini-SP500

Anyways here is what I have got in the works. It is super simple - literally lem's deadzone - not sure if the bar times are the same- so you can line them up for yourself and see what time it is for you.

Anyways the volume comes with a big boom during this hour - trade the prior bar Lem style and guaranteed money in the bank. and then over the manual Backtest I did the next hour either continues with even more volume(same direction as our original trade) or does a witching hour switch and will blow the other direction (it almost always has more volume). check it out - also you can see order flow and what not - should be interesting to see big buyers come in or sellers ect..

NOTE* the hour marked is the trading hour - enter trades during this time ect.. trade would have executed on the break of the 7:00 bar (tiny red one)
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  • #14,747
  • Feb 10, 2017 11:49am Feb 10, 2017 11:49am
Quoting lemercenaire
Once again, Frankfurt Break quietly goes about its business. EURGBPM15FB9thFebV1-2017.png;2179742 EURGBPM15FB9thFebV2.png;2179745 Got a 1-2-3 running on EJ as well. Not exactly setting the heather on fire (yet, lol). {image} {image}
I already miss the FB... I hit goal every single time I traded it lol
  • #14,748
  • Feb 10, 2017 11:50am Feb 10, 2017 11:50am
Quoting wannalearn12
I am making the great leap - into... dun dun dun... futures. lol Emini-SP500 Anyways here is what I have got in the works. It is super simple - literally lem's deadzone - not sure if the bar times are the same- so you can line them up for yourself and see what time it is for you. Anyways the volume comes with a big boom during this hour - trade the prior bar Lem style and guaranteed money in the bank. and then over the manual Backtest I did the next hour either continues with even more volume(same direction as our original trade) or does a witching...
Outstanding! I do run the Dead Zone on the SP500 but haven't posted here yet. It works brilliantly and predictably c/w HOLO as well.

I do run these methods on Diffs as well, with great success but that is a market that next to nobody knows anything about and I figured I'd hijacked Billy's thread enough as it is, lol!
  • #14,749
  • Feb 10, 2017 11:52am Feb 10, 2017 11:52am
Quoting lemercenaire
{quote} Outstanding! I do run the Dead Zone on the SP500 but haven't posted here yet. It works brilliantly and predictably c/w HOLO as well. I do run these methods on Diffs as well, with great success but that is a market that next to nobody knows anything about and I figured I'd hijacked Billy's thread enough as it is, lol!
you just blew my mind lol
  • #14,750
  • Feb 10, 2017 12:11pm Feb 10, 2017 12:11pm
Oi Billy what is this talk about compounding - what did I miss?
  • #14,751
  • Feb 10, 2017 12:12pm Feb 10, 2017 12:12pm
Quoting lemercenaire
{quote} Outstanding! I do run the Dead Zone on the SP500 but haven't posted here yet. It works brilliantly and predictably c/w HOLO as well. I do run these methods on Diffs as well, with great success but that is a market that next to nobody knows anything about and I figured I'd hijacked Billy's thread enough as it is, lol!
Just for conversations' sake, here's today's Brent-US Crude Diff chart as a DWZ set-up...
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  • #14,752
  • Feb 10, 2017 12:14pm Feb 10, 2017 12:14pm
Quoting lemercenaire
{quote} Just for conversations' sake, here's today's Brent-US Crude Diff chart as a DWZ set-up... Brent-USCrude-DiffasDWZ10thFeb17.png;2183254 {image}
that initial short seemed the smoothest ayy .. sitting in that long would have been sooo scary
  • #14,753
  • Feb 10, 2017 12:17pm Feb 10, 2017 12:17pm
Quoting wannalearn12
{quote} that initial short seemed the smoothest ayy .. sitting in that long would have been sooo scary
Ah yes - but that's before you apply the latest Technology
  • #14,754
  • Feb 10, 2017 12:17pm Feb 10, 2017 12:17pm
Quoting wannalearn12
{quote} that initial short seemed the smoothest ayy .. sitting in that long would have been sooo scary
Are you also spying the 1-2-3 potential?!
  • #14,755
  • Feb 10, 2017 12:23pm Feb 10, 2017 12:23pm
Quoting lemercenaire
{quote} Are you also spying the 1-2-3 potential?!
counting from the right starting at 1 - bar 12 would have been a prime 123 imo. didn't pan out obviously. Bar 9 gave the nice long and 123 setup (which would have made you pretty pennies). 12 could have got you in long depending on how much of a cowboy you were. Could have also hit an easy 123 from that low it made.. 123 are candy to me
  • #14,756
  • Feb 10, 2017 12:25pm Feb 10, 2017 12:25pm
Quoting lemercenaire
{quote} Ah yes - but that's before you apply the latest Technology
erm latest? off to look now muhahaha
  • #14,757
  • Feb 10, 2017 1:53pm Feb 10, 2017 1:53pm
Quoting wannalearn12
{quote} erm latest? off to look now muhahaha
Ah - it's not what you see, it's how you use it
  • #14,758
  • Feb 10, 2017 2:27pm Feb 10, 2017 2:27pm
Quoting turnip15
Cable 4 am "Billy" bar: Billy and lem ? Not sure I executed this trade properly: Price broke South for a few pips but I closed too late as price headed back North into Wick Zone of signal bar. I then went long for +10 when price went North and entered body of signal bar. Is that a satisfactory way of trading it or was I too slow again to maximise any advantage ? {image}
Hi Mr-T. Sorry for the late reply. Out all arvo.

Anyway, it does look like you got the gist of it. It's really awkward trying to get the exact movement of price obviously from static charts but as I say, nothing far wrong. However, what I would say is that looking down at the 5 min, it looks like there would have been a move North, back inside as the first move. It wouldn't have got your +5 and depending on how you are running your mm, you would have stopped out (probably). You'd then have had the option of taking the breakout - but you'd need to have been quick. Again, just short of +5 (I think you'd have hit +4 on both these initial moves).

Of course, I also don't know if you were looking to run it as a Billy-Break trade first and a WZ trade second, in which case, you'd have ignored the first move anyway.

You then had a less-than-a-half-pip move into the body before another reverse into a second breakout and this would eventually have got you +5....before once more getting its act together and bringing the lovely Northbound WZ trade you got your +10 on. Would you have even been able to hit a market execution quick enough on that tiny blip? Who knows...

What I do know is that that middle section would have been hell-for-leather for sure and you'd have had to have been right on the ball to juggle that lot.

I think you should be well chuffed to have handled it as well as you did. Nice one.

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EDIT: One thing to mention re trade management on this. Always be aware that price can - and more often then not does - pivot around the Mid-Line, so it can be an idea to close half at the ML, with sl moved to the +1 pt for the other half. This way you get your first move bagged but are still in the game if and when price twists around and continues on.

In this case, price pivoted around just short of the mid-line, so it's a moot point anyway as I would also have closed for the full lot at +10 as you did - but it's worth bearing in mind as an option for the future, as you can see what you'd have got if that had happened here.
  • #14,759
  • Feb 10, 2017 3:13pm Feb 10, 2017 3:13pm
Quoting learn2fly
Its really bad bad trade today both cble and aud.is it because today cad red news guys? So everybody waiting for the news to begin the move?
I don't usually trade Fridays at all on Dead Zone.
  • #14,760
  • Feb 10, 2017 3:19pm Feb 10, 2017 3:19pm
As mentioned, I don't usually trade Friday on The Dead Zone but often will trade other stuff in the am. That's the way it was this morning when I set out with The Frankfurt Break. Good grief...best laid plans and all that. What an effort, lol!

I won't bore with the details, other than to say, there was a counter or three involved...

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