CAD "dead Zone" 1 hour - 12 noon to 1 pm Ten pips plus {image}
I had AU as I had been faffing about with it earlier and the signal and set-up looked solid. Never in any doubt. Taken as a straight break. It also just paid off double with a 1-2-3.
Billytt Die happy trading e/j daily breakout
- #15,561
- Mar 8, 2017 9:17am Mar 8, 2017 9:17am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
I had AU as I had been faffing about with it earlier and the signal and set-up looked solid. Never in any doubt. Taken as a straight break. It also just paid off double with a 1-2-3.
- #15,563
- Mar 8, 2017 9:56am Mar 8, 2017 9:56am
- | Joined May 2016 | Status: Keep on rockin' me babe | 1,711 Posts
- #15,564
- Mar 8, 2017 10:16am Mar 8, 2017 10:16am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #15,566
- Edited 4:56pm Mar 8, 2017 1:56pm | Edited 4:56pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} I took a south into body (loser) then waited for break past top wick zone of UC 12 to 1pm bar. Q....would you have traded North into wick zone of trigger bar as soon as south trip into BODY trigger bar failed...or would you have waited for price to move North PAST wick zone (High) of trigger bar?
I would have done as you did, taken the move South, which yes, would have been a fail. As you can see on the charts, price then reversed immediately and yes, in theory, I would have countered on the move out of the lower zone.
However it is highly unlikely that there would have been enough time to recognise or anticipate the reversal as it came so quickly at the line. In this case, I would have waited for either price to reverse again and continue South (with a hard-stop perhaps half-way up the upper zone), or to reverse again and then turn to exit North once more, or as in this case, close at that half-way and counter at the main break of the high (as you did).
These kind of moves are always likely when the body of the candle is so small.
I should also say that my bias signal on this was B+ (strong buy), so I would likely not have gone in short unless the move had continued on as a full break but as you don't have access to that information, that's a moot point.
- #15,567
- Mar 8, 2017 2:06pm Mar 8, 2017 2:06pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #15,568
- Edited Mar 9, 2017 9:15am Mar 8, 2017 5:28pm | Edited Mar 9, 2017 9:15am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Well, we've seen what Mr-T and I got up to in The Dead Zone today, so without further ado, here's how the other pairs stood up...
EURJPY
USDCAD
AUDUSD
USDNOK
GBPNZD
EURJPY
USDCAD
AUDUSD
USDNOK
GBPNZD
- #15,569
- Mar 8, 2017 5:30pm Mar 8, 2017 5:30pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
AUDNZD
GBPUSD
CADJPY
NZDUSD
NZDJPY
GBPUSD
CADJPY
NZDUSD
NZDJPY
- #15,570
- Mar 8, 2017 5:32pm Mar 8, 2017 5:32pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
XAUUSD
USDJPY
GBPJPY
GER30
OILUSD
USDJPY
GBPJPY
GER30
OILUSD
- #15,571
- Mar 8, 2017 5:59pm Mar 8, 2017 5:59pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Mr-T.
Billy-Bar on 05:00 H4 Brent-US-Crude Diff. Just keeps on keepin' on...
Billy-Bar on 05:00 H4 Brent-US-Crude Diff. Just keeps on keepin' on...
- #15,572
- Mar 9, 2017 1:58am Mar 9, 2017 1:58am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #15,573
- Mar 9, 2017 2:11am Mar 9, 2017 2:11am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #15,579
- Mar 9, 2017 3:04am Mar 9, 2017 3:04am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Euro move also got me the Frankfurt Break, with both variants hitting the target easily enough this morning.
