Billytt Die happy trading e/j daily breakout | Page 810 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Rules for die-hards... 47 replies

Trading Systems work for 6-12 mnths then die? 14 replies

5 Rules to Trade or Die By 5 replies

Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies

die young 8 replies

Attachments: Billytt Die happy trading e/j daily breakout
Exit Attachments

Billytt Die happy trading e/j daily breakout

  • #16,181
  • Mar 29, 2017 2:38pm Mar 29, 2017 2:38pm
Quoting billytt
{quote} Hi, the stats show a break is good, forget spreads, keep it simple. Break trade it, if it retraces counter,It will all come good,
You're very modest Billy but often you need big cajoolies to 'trade the retraces'.......
Attached Image (click to enlarge)
Click to Enlarge Name: 02b259b67609b5f94d608ca1e7ba04c3.jpg Size: 802 KB
used to be undecided but nowadays can't make my mind up
  • #16,182
  • Mar 29, 2017 3:00pm Mar 29, 2017 3:00pm
1h -have a look on the weekly this is bouncing around a big support level.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD(£)H1.png Size: 90 KB
  • #16,183
  • Mar 29, 2017 3:09pm Mar 29, 2017 3:09pm
Quoting lemercenaire
Mr-T, a full day's surfing would have brought some big wave action - do you own a long-board? {image}
I got an ironing board -will that do ?
every Saint has a past. Every Sinner has a Future
  • #16,184
  • Mar 29, 2017 3:12pm Mar 29, 2017 3:12pm
Quoting turnip15
{quote} I got an ironing board -will that do ?
Stick to gardening let Mrs T do the ironing be safer.
  • #16,185
  • Mar 29, 2017 3:20pm Mar 29, 2017 3:20pm
Quoting claudia1
{quote} Stick to gardening let Mrs T do the ironing be safer.
Good point :-)
Attached Image
every Saint has a past. Every Sinner has a Future
  • #16,186
  • Mar 29, 2017 4:05pm Mar 29, 2017 4:05pm
Quoting claudia1
1h -have a look on the weekly this is bouncing around a big support level. {image}
bounced on the dot
  • #16,187
  • Mar 29, 2017 5:52pm Mar 29, 2017 5:52pm
Quoting turnip15
{quote} I got an ironing board -will that do ?
What's an ironing board?
  • #16,188
  • Mar 29, 2017 6:32pm Mar 29, 2017 6:32pm
Evening folks. Been buzzing about like a blue-arsed-fly for what feels like many, many, endless hours of non-chart-ness time...how do civvies deal with this feeling? Drink and drugs, no doubt. I mean it's like the sky won't snow and the sun won't shine, eh Claudia .

If I had been at the charts, this is what I'd have seen...

EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1DeadZone29thMarch17.png Size: 30 KB


USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1DeadZone29thMarch17.png Size: 33 KB


AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1DeadZone29thMarch17.png Size: 35 KB


USDNOK
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOKH1DeadZone29thMarch17.png Size: 33 KB


GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1DeadZone29thMarch17.png Size: 39 KB
  • #16,189
  • Mar 29, 2017 6:34pm Mar 29, 2017 6:34pm
AUDNZD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1DeadZone29thMarch17.png Size: 33 KB


GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1DeadZone29thMarch17.png Size: 33 KB


CADJPY
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1DeadZone29thMarch17.png Size: 33 KB


NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1DeadZone29thMarch17.png Size: 32 KB


NZDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1DeadZone29thMarch17.png Size: 36 KB
  • #16,190
  • Mar 29, 2017 6:36pm Mar 29, 2017 6:36pm
XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1DeadZone29thMarch17.png Size: 34 KB


USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1DeadZone29thMarch17.png Size: 32 KB


GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1DeadZone29thMarch17.png Size: 38 KB


GER30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H1DeadZone29thMarch17.png Size: 27 KB


OILUSD
Attached Image (click to enlarge)
Click to Enlarge Name: OILUSDH1DeadZone29thMarch17.png Size: 27 KB
  • #16,191
  • Mar 29, 2017 7:48pm Mar 29, 2017 7:48pm
Quoting hasib
hello lemercenaire How you market zone in the chart. Is there any trading method you follow when you market he zone. It is already answer I am sorry. if not. explain little bit please. Tnx
Hi hasib. Again, apologies for the delay in replying - just been far too busy in my down time for my liking, lol.

Anyway, here's a run-down of what I am doing with The Dead Zone:

The Zone itself is formed by the range of the H1 candle that precedes the US Open. This zone then extends out into the day. I am looking to take advantage of the ''dead-air'' in the period before the money comes in. Other methods that trade the open breaks will be trading off the actual open bar, I work the previous one, so make use of that open volume.
I mark the High, Low, Open and Close of that candle. The wicks form the trigger zones.
I add a mid-line. Price will tend to pivot and / or pause around this line, making it useful as a partial tp or a place to move a sl to once the trade is under way. I used to use it as an additional entry level but I don't do this much at all any more, perhaps only if the candle is larger than average.

Once the Set-Up candle has formed, I get ready to enter.
I am looking to trade the line(s).
If price closes and moves up into the upper zone, then I am initially looking for a break of the high.
If, however, price does not break-out, instead turning back down, then I am looking to enter as price leaves the upper zone into the body of the candle.

I aim for +5.

If price had hit the break-out but not made the +5, I will enter a counter-trade as the trade goes negative. The exact amount will vary depending on the shape of the candle.
This aspect of the trade, holding the ''bad'' trade in limbo etc, is pretty much the same as Billy uses for his 04:00 Break trades. He has explained this technique many times through the thread.

Swap over above directions for a trade breaking down into a sell.

A second variant is The Witching Hour, which runs across the 00:00 candle, or alternatively the 23:00 one (uk time).

Hope that makes some kind of sense.
  • #16,192
  • Mar 29, 2017 8:25pm Mar 29, 2017 8:25pm
Quoting lemercenaire
{quote} I never did check out - did you?
I never found the door.
If you are good at something, never do it for free--Joker
  • #16,193
  • Edited 2:16am Mar 30, 2017 1:57am | Edited 2:16am
Quoting mrcreosote
{quote} You're very modest Billy but often you need big cajoolies to 'trade the retraces'....... {image}
Y
Hi, you are looking at it the wrong way. Think outside the box. i am not modest just good. i sell my ideas.

edit, i am not speaking negatively, The retrace entry is normally a counter to hold the bad trade in limbo. After this it doesnt matter what the market does you will never lose anymore. Just wait for next trigger.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,194
  • Mar 30, 2017 2:09am Mar 30, 2017 2:09am
[quote=lemercenaire;9721036]{quote} Hi hasib. Again, apologies for the delay in replying - just been far too busy in my down time for my liking, lol. Anyway, here's a run-down of what I am doing with The Dead Zone: The Zone itself is formed by the range of the H1 candle that precedes the US Open. This zone then extends out into the day. I am looking to take advantage of the ''dead-air'' in the period before the money comes in.

Excellent post Lem, good teacher.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,195
  • Mar 30, 2017 2:12am Mar 30, 2017 2:12am
t 08-11 Dax High broke and i managed 6% then it dropped, closed trade and thats it. Like i say i dont particularly like trading like this so might stop after this week of live testing.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,196
  • Mar 30, 2017 2:16am Mar 30, 2017 2:16am
[quote=billytt;9721506]
Quoting lemercenaire
{quote} Hi hasib. Again, apologies for the delay in replying - just been far too busy in my down time for my liking, lol. Anyway, here's a run-down of what I am doing with The Dead Zone: The Zone itself is formed by the range of the H1 candle that precedes the US Open. This zone then extends out into the day. I am looking to take advantage of the ''dead-air'' in the period before the money comes in. Excellent post Lem, good teacher.
Thanks, Billy.
  • #16,197
  • Mar 30, 2017 2:18am Mar 30, 2017 2:18am
Quoting lemercenaire
{quote} Hi hasib. Again, apologies for the delay in replying - just been far too busy in my down time for my liking, lol. Anyway, here's a run-down of what I am doing with The Dead Zone: The Zone itself is formed by the range of the H1 candle that precedes the US Open. This zone then extends out into the day. I am looking to take advantage of the ''dead-air'' in the period before the money comes in. Other methods that trade the open breaks will be trading off the actual open bar, I work the previous one, so make use of that open volume. I mark the...
Lem, what hour do you use for Frankfurt? 7:30 candle like billy uses I think?
  • #16,198
  • Mar 30, 2017 2:21am Mar 30, 2017 2:21am
Really late night, last night. 2Hrs sleep. Walking about like a half-shut-knife this morning. Not good. As a result I missed The Frankfurt Break, where v2 has already hit its tp on a buy. Over on v1, it's still pottering around but wouldn't have needed a counter trade yet.

Trade well, all.
  • #16,199
  • Mar 30, 2017 2:24am Mar 30, 2017 2:24am
ive noticed theres a few different candles times being traded in relation to the time around Frankfurt/London open are these the 7:30 candle, 8:00, and 4-8 h4? all uk time? just to clarify
  • #16,200
  • Mar 30, 2017 2:31am Mar 30, 2017 2:31am
Quoting Piphunter00
ive noticed theres a few different candles times being traded in relation to the time around Frankfurt/London open are these the 7:30 candle, 8:00, and 4-8 h4? all uk time? just to clarify
My Frankenbreak deals with the period between 02:00 - 05:00 uk-time. We also run the Billy-Bar Break on the 04:00 H4 bar. Any Daily Break happens whenever the break happens. For those of a non-nervous disposition, there is also the DAX 07:45 and 07:30 bar or Billy's new 5 min twist on the 07:55.

I think that's them all, lol.
6 traders viewing now