Billytt Die happy trading e/j daily breakout | Page 772 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #15,421
  • Mar 3, 2017 5:46am Mar 3, 2017 5:46am
Quoting turnip15
{quote} lem -I think your 7 am WZ or DZ of the CAD worked again this morning ?
The Witching Hour?

If that's what you mean, then yes, looking at it (I didn't trade it), both variants bagged easily.

V1 (00.00 3rd March uk)
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V2 (23.00 2nd March uk)
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What I do know is that it's just hit a stonking great 1-2-3 that I'd have missed if I hadn't been answering your question - cheers!
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  • #15,422
  • Mar 3, 2017 5:49am Mar 3, 2017 5:49am
Quoting lemercenaire
{quote} The Witching Hour? If that's what you mean, then yes, looking at it (I didn't trade it), both variants bagged easily. V1 (00.00 3rd March uk) {image} V2 (23.00 2nd March uk) {image} What I do know is that it's just hit a stonking great 1-2-3 that I'd have missed if I hadn't been answering your question - cheers! {image}
BOOYAH! That is a sick 123!!!
  • #15,423
  • Mar 3, 2017 6:09am Mar 3, 2017 6:09am
Bit late and I apologise for the after-the-fact-ness of it all - but for the record, today's Bias on The Dead Zone stands as:

Strongest: AU (B), UNok (S), UJ (S) and GER30 (S) (EJ initially had a strong buy bias but before any move triggered, that changed to sell). Oil had strong Buy but signal came on the trigger-bar and as noted before, I am still unsure about that timing).

Next Level: UC (S), GN (S), GU (B), CJ (B), NJ (B) and XAUUSD (B). (AN (S) and NU (B) were also at this level but again, signalled on the Trigger-Bar.

I took AU (and as noted above was in UC as a 1-2-3).
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Given my lack of love for Friday trading, I am probably done for the day unless something jumps out and smacks me on the face (I may go play scalp-the-EJ if I get bored ).
  • #15,424
  • Mar 3, 2017 6:14am Mar 3, 2017 6:14am
Quoting lemercenaire
Bit late and I apologise for the after-the-fact-ness of it all - but for the record, today's Bias on The Dead Zone stands as: Strongest: AU (B), UNok (S), UJ (S) and GER30 (S) (EJ initially had a strong buy bias but before any move triggered, that changed to sell). Oil had strong Buy but signal came on the trigger-bar and as noted before, I am still unsure about that timing). Next Level: UC (S), GN (S), GU (B), CJ (B), NJ (B) and XAUUSD (B). (AN (S) and NU (B) were also at this level but again, signalled on the Trigger-Bar. I took AU (and as noted...
How did they turn out!? Crazy move in that direction or did it reverse the signal? I am thinking that it leads to a crazy move.
  • #15,425
  • Mar 3, 2017 6:41am Mar 3, 2017 6:41am
Posted the wrong chart XD wups! okay here was the actual chart!!! lol
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  • #15,426
  • Mar 3, 2017 6:43am Mar 3, 2017 6:43am
Quoting lemercenaire
{quote} The Witching Hour? If that's what you mean, then yes, looking at it (I didn't trade it), both variants bagged easily. V1 (00.00 3rd March uk) {image} V2 (23.00 2nd March uk) {image} What I do know is that it's just hit a stonking great 1-2-3 that I'd have missed if I hadn't been answering your question - cheers! {image}
7 am = Wick Zone/ Dead Zone (dz) :-)
every Saint has a past. Every Sinner has a Future
  • #15,427
  • Mar 3, 2017 6:48am Mar 3, 2017 6:48am
Quoting turnip15
{quote} 7 am = Wick Zone/ Dead Zone (dz) :-)
During lem's witching hour JPY pairs are my favorite! Usually you can look for a daily break at this time.
  • #15,428
  • Mar 3, 2017 6:49am Mar 3, 2017 6:49am
Quoting wannalearn12
{quote} How did they turn out!? Crazy move in that direction or did it reverse the signal? I am thinking that it leads to a crazy move.
OIL went exactly as signalled - Buy all the way.
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Of the other ''unsures'', AN (S) was definitely wobbly. It did break South as signalled and as a Southbound flight, you'd have made your +5...just.
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NU (B), did just fine (assuming you had no cause to bite on the tiny head-fake back inside if it came earlier). Grabbed it as a Dead Cat Bounce, before price reversed it all the way.
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So jury is probably still out. So far it seems like in these situations it will go as planned but just not as strong as the more decisive signals and you should be looking to bail at the first sign of a reverse.
  • #15,429
  • Mar 3, 2017 6:50am Mar 3, 2017 6:50am
Quoting lemercenaire
{quote} OIL went exactly as signalled - Buy all the way. {image} Of the other ''unsures'', AN (S) was definitely wobbly. It did break South as signalled and as a Southbound flight, you'd have made your +5...just. {image} NU (B), did just fine (assuming you had no cause to bite on the tiny head-fake back inside if it came earlier). Grabbed it as a Dead Cat Bounce, before price reversed it all the way. {image} So jury is probably still out. So far it seems like in these situations it will go as planned but just not as strong as the more decisive signals...
Very good! I had to bail today and got the max as a strong reverse was coming! And as soon as I closed it dropped negative. I think a strongest breakout signal gives amazing bias so yesterday had long bias a weaker long bias came before open and then pop a SUPER STRONG ONE in the long direction. This setup is when I look for daily range... code 3 low another 2 low and then a 3 high at entry
  • #15,430
  • Mar 3, 2017 6:51am Mar 3, 2017 6:51am
Quoting turnip15
{quote} 7 am = Wick Zone/ Dead Zone (dz) :-)
Time is indeed relative, lol...
  • #15,431
  • Mar 3, 2017 6:53am Mar 3, 2017 6:53am
CAD DZ - Lems noon to 1 pm Wick Zone trade:
North for a few points into body of signal bar then a nice drop South for 10 pips plus :-)
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every Saint has a past. Every Sinner has a Future
  • #15,432
  • Mar 3, 2017 6:55am Mar 3, 2017 6:55am
Quoting wannalearn12
{quote} Very good! I had to bail today and got the max as a strong reverse was coming! And as soon as I closed it dropped negative. I think a strongest breakout signal gives amazing bias so yesterday had long bias a weaker long bias came before open and then pop a SUPER STRONG ONE in the long direction. This setup is when I look for daily range... code 3 low another 2 low and then a 3 high at entry
I'd agree. The reason I didn't look to take my fav EJ today despite a strong signal on paper, was that the initial signal was a long way back. I'd rather see it in the previous day or previous few hours.
  • #15,433
  • Mar 3, 2017 6:57am Mar 3, 2017 6:57am
Quoting wannalearn12
{quote} During lem's witching hour JPY pairs are my favorite! Usually you can look for a daily break at this time.
What time ( UK ) are you referring to W ?
Cheers
every Saint has a past. Every Sinner has a Future
  • #15,434
  • Mar 3, 2017 6:58am Mar 3, 2017 6:58am
Quoting turnip15
CAD DZ - Lems noon to 1 pm Wick Zone trade: North for a few points into body of signal bar then a nice drop South for 10 pips plus :-) {image}
Yep, Mr-T. As it was a 1-2-3 pattern on top, you could have been pretty safe ignoring any initial move North.
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  • #15,435
  • Mar 3, 2017 6:59am Mar 3, 2017 6:59am
Quoting lemercenaire
{quote} I'd agree. The reason I didn't look to take my fav EJ today despite a strong signal on paper, was that the initial signal was a long way back. I'd rather see it in the previous day or previous few hours.
YES! I noticed on the sp500 as I was looking through it and there was a 2 week period where the signal came from WAYYYY back
  • #15,436
  • Mar 3, 2017 7:00am Mar 3, 2017 7:00am
Quoting turnip15
{quote} What time ( UK ) are you referring to W ? Cheers
If my addled brain remembers correctly, Wanna runs it as variant 2 (as I do now), which is 23:00 uk. (He did a lot of the heavy lifting when we were testing both variants to see which performed best).
  • #15,437
  • Edited 7:17am Mar 3, 2017 7:01am | Edited 7:17am
Quoting wannalearn12
{quote} YES! I noticed on the sp500 as I was looking through it and there was a 2 week period where the signal came from WAYYYY back
And how would the trades have gone during that period?
  • #15,438
  • Mar 3, 2017 7:03am Mar 3, 2017 7:03am
Quoting lemercenaire
{quote} And how would the trade have gone during that period?
it was a long bias and went up for 2 weeks lol. Insane. I guess you could use smaller biases to aid you
  • #15,439
  • Mar 3, 2017 7:07am Mar 3, 2017 7:07am
Quoting lemercenaire
{quote} If my addled brain remembers correctly, Wanna runs it as variant 2 (as I do now), which is 23:00 uk. (He did a lot of the heavy lifting when we were testing both variants to see which performed best).
Aha ! - he is another creature of the night - like you and Billy
Attached Image
every Saint has a past. Every Sinner has a Future
  • #15,440
  • Mar 3, 2017 7:07am Mar 3, 2017 7:07am
Quoting lemercenaire
{quote} If my addled brain remembers correctly, Wanna runs it as variant 2 (as I do now), which is 23:00 uk. (He did a lot of the heavy lifting when we were testing both variants to see which performed best).
I actually traded both most days! LOL I used more leverage on one though. The original hour moves like a bat out of hell (hour after Tokyo open) but the tokyo itself gives one solid move and hoot hooot 0.0
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