Billytt Die happy trading e/j daily breakout | Page 794 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #15,861
  • Mar 20, 2017 3:26am Mar 20, 2017 3:26am
Hi all. Another early bag from The Frankfurt Break, with both variants hitting their targets after only a minor baby-fake-out that fooled nobody...

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  • #15,862
  • Mar 20, 2017 3:27am Mar 20, 2017 3:27am
While we are waiting for Cable 4 am bar, let's look at Billy's 7:30am Dax. As noted by Billy previously, Dax has faked a "South" then moved "North" into body of trigger bar and out other side for at least 5 pips plus. Dax, for me, is still in test mode.
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every Saint has a past. Every Sinner has a Future
  • #15,863
  • Mar 20, 2017 3:31am Mar 20, 2017 3:31am
t 08-25
Dax, my 07-55 low broke then retraced BUT as the previous closing price was so near i had a + filter which did not trigger.
The high broke and i got a few and now i did a retrace long trade and am still in it.
Working off my Ladys stats lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,864
  • Mar 20, 2017 3:39am Mar 20, 2017 3:39am
Dax, i closed my Long as it was staling , It can now do as it pleases lol. i ended with 13 points, all done for the day.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #15,865
  • Mar 20, 2017 3:45am Mar 20, 2017 3:45am
Quoting billytt
Dax, i closed my Long as it was staling , It can now do as it pleases lol. i ended with 13 points, all done for the day.
Bounce off 7400 being Friday's low area. 60% ADR so far. Break dp and test the highs ?
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  • #15,866
  • Mar 20, 2017 3:57am Mar 20, 2017 3:57am
Quoting turnip15
While we are waiting for Cable 4 am bar, let's look at Billy's 7:30am Dax. As noted by Billy previously, Dax has faked a "South" then moved "North" into body of trigger bar and out other side for at least 5 pips plus. Dax, for me, is still in test mode. {image}
You can see clearly that running it cw WZ techniques would have been bangin'. A fakey South would have been easily managed on a counter back up and that's a big bag o' pips out of the Lower--Airspace.

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You can also note that it's filled the gap again.
  • #15,867
  • Mar 20, 2017 4:16am Mar 20, 2017 4:16am
Support at brn.
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  • #15,868
  • Mar 20, 2017 4:20am Mar 20, 2017 4:20am
Quoting claudia1
Support at brn. {image}
There was a really nice H1 1-2-3 on the trip up (not traded) and could be the same coming back down later.
  • #15,869
  • Mar 20, 2017 8:06am Mar 20, 2017 8:06am
Cable 4 am bar - A straight break of that bar might have tipped you into a short before the red bar closed. But the next bar (last one shown here) would have got you a ten pipper. However, using "Wick Zones" would have got you your ten pips earlier on the first red bar, after the arrow, as it retraced into the body of the trigger bar

CAD (using the 11am hour bar -American time change Lem tells me) was a steady ten pips achieved albeit price initially tried a brief dip south into body of trigger bar but note - 500 level was not breached.
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every Saint has a past. Every Sinner has a Future
  • #15,870
  • Mar 20, 2017 9:34am Mar 20, 2017 9:34am
Look at the DAX-Monster bounce along those zones...love it!
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  • #15,871
  • Mar 20, 2017 9:39am Mar 20, 2017 9:39am
Quoting turnip15
Cable 4 am bar - A straight break of that bar might have tipped you into a short before the red bar closed. But the next bar (last one shown here) would have got you a ten pipper. However, using "Wick Zones" would have got you your ten pips earlier on the first red bar, after the arrow, as it retraced into the body of the trigger bar CAD (using the 11am hour bar -American time change Lem tells me) was a steady ten pips achieved albeit price initially tried a brief dip south into body of trigger bar but note - 500 level was not breached. {image}...
Good call on the 500 number!

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  • #15,872
  • Mar 20, 2017 9:42am Mar 20, 2017 9:42am
Quoting billytt
{quote} You have it bud, i was will pop a chart up with an example. After a trigger we do not know how far it will retrace (if it does). we can look for clues, a pivot/00/fib lol/ to be truthful we dont really know. You can trade a retrace at any time until it fails. You can actually make several trades on retrace and the actual trade can still fail... i will add edit later edit, i will post example chart later as i need to go out. .
E/J looks like making an IB today ... so will have to wait tomorrow....

SB
trying to make everyday the best risk/reward decisions possible
  • #15,873
  • Mar 20, 2017 9:43am Mar 20, 2017 9:43am
Good ol' EJ for me. Straight forward WZ drop from the North...

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  • #15,874
  • Mar 20, 2017 6:11pm Mar 20, 2017 6:11pm
Right folks. Last call for the evening. As noted, I ran EJ and Mr-T bagged his UC, so nothing out of the ordinary.

As for the directional-bias thingy, here's what it showed:
Strongest: GJ (S) and OIL (S),
Next Level: UC (B), AU (S), UNok (B), GU (S), NU (S), NJ (S) and XAU (S)
All, except for NU, came good.

Here's how the charts looked:

EURJPY
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USDCAD
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AUDUSD
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USDNOK
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GBPNZD
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  • #15,875
  • Mar 20, 2017 6:13pm Mar 20, 2017 6:13pm
AUDNZD
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GBPUSD
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CADJPY
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NZDUSD
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NZDJPY
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  • #15,876
  • Mar 20, 2017 6:15pm Mar 20, 2017 6:15pm
XAUUSD
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USDJPY
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GBPJPY
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GER30
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OILUSD
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  • #15,877
  • Mar 20, 2017 8:02pm Mar 20, 2017 8:02pm
One last thing before I crash - here's how today's version of The Billy Bar (04.00 H4) looked like over on my Brent-US Crude Diff. Love it...

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  • #15,878
  • Mar 20, 2017 8:12pm Mar 20, 2017 8:12pm
Gidday BT, our opening not quite as good as yours , but we make do
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  • #15,879
  • Mar 21, 2017 2:14am Mar 21, 2017 2:14am
Hi all

Happy ending for my E/J trade ... just close it in profit .... a mix of scalp long and compounding since daily open ....
trying to make everyday the best risk/reward decisions possible
  • #15,880
  • Mar 21, 2017 2:33am Mar 21, 2017 2:33am
Quoting slowbrain
Hi all Happy ending for my E/J trade ... just close it in profit .... a mix of scalp long and compounding since daily open ....
Well done, SB. Bet that feels good!
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