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Billytt Die happy trading e/j daily breakout

  • #16,201
  • Mar 30, 2017 2:38am Mar 30, 2017 2:38am
Quoting lemercenaire
{quote} 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.
ah so the 7;30 is a dax thing? I thought that was the London open. or does that get caught up in the h4 bar from 4-8am uk? ive also read up on the dead zone I got that one in the bag! what time uk is witching 23:00 or 0:00?

shame on the 7:30 lol I took a short experiment on that candle with the cable thinking that was the legit setup with a 0.01 lot and its shitting itself

thanks again lem helpful as ever. I want to start collecting statistics on all these things asap. this whole line trading thingamajig is amazing. also found some alien technology that can plot these different zones for me

shot down to +19 I set a stop at +15 cheery ho..
  • #16,202
  • Mar 30, 2017 2:43am Mar 30, 2017 2:43am
EURJPY 04:00 4HR Billy-Bar Break got my +5 followed by +10 and now the final bit left running:

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  • #16,203
  • Mar 30, 2017 3:00am Mar 30, 2017 3:00am
my broker is +2 hours ahead of me so I'm having trouble telling my alien technology what to do. 4am uk time on my charts is 6;00am and 8:00 is 10am so do I have to get it to draw this zone instead?
  • #16,204
  • Mar 30, 2017 3:03am Mar 30, 2017 3:03am
Quoting lemercenaire
{quote} 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.
i am laughing so much here, where do we start? Lems ways, my ways ,Claudias ways lol.
BUT that 07-55 Dax trade is not for anyone who is nervous.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,205
  • Mar 30, 2017 3:07am Mar 30, 2017 3:07am
Quoting billytt
{quote} i am laughing so much here, where do we start? Lems ways, my ways ,Claudias ways lol. BUT that 07-55 Dax trade is not for anyone who is nervous.
I'm more interested in applying this in forex wont be trying to graduate to that crazy dax just yet if ever! lol I have tried grinding through the thread to find each setup explained but its been a task. I just want to get them all in one place so I can start tracking them and collecting info. more interested in the zone breaks of key times like the dead zone, London open (4-8 bar) etc. I think lem layed out pretty much all I need to keep me busy for now just having trouble with some alien technology and timezone differences lol
  • #16,206
  • Mar 30, 2017 3:09am Mar 30, 2017 3:09am
[quote=Piphunter00;9721593]{quote} ah so the 7;30 is a dax thing? I thought that was the London open. or does that get caught up in the h4 bar from 4-8am uk? ive. I want to start collecting statistics on all these things asap.
this whole line trading thingamajig is amazing.
Hi, Lines are brilliant,
Most of the lines which break are when markets open and the big boys play.
It doesnt matter whose method you are trading too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,207
  • Mar 30, 2017 3:12am Mar 30, 2017 3:12am
Quoting Piphunter00
my broker is +2 hours ahead of me so I'm having trouble telling my alien technology what to do. 4am uk time on my charts is 6;00am and 8:00 is 10am so do I have to get it to draw this zone instead?
Most Alien technology has the facility to let you change the bar(s) covered by +/- hours.

Another, simpler, way of doing it is to open a demo account with a UK broker and set up the indis on the charts there but taking the actual trades on your live account.
  • #16,208
  • Mar 30, 2017 3:14am Mar 30, 2017 3:14am
Quoting Piphunter00
{quote} I'm more interested in applying this in forex wont be trying to graduate to that crazy dax just yet if ever! lol I have tried grinding through the thread to find each setup explained but its been a task. I just want to get them all in one place so I can start tracking them and collecting info. more interested in the zone breaks of key times like the dead zone, London open (4-8 bar) etc. I think lem layed out pretty much all I need to keep me busy for now just having trouble with some alien technology and timezone differences lol
You will find a way to trade which suits you.
I am trading/trying Dax and have not lost, but i dont like to trade that way, so i will stop as already posted.
E/J Daily Break was my baby but i then discovered the 04-00 bar which is even better.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,209
  • Mar 30, 2017 3:18am Mar 30, 2017 3:18am
Quoting lemercenaire
{quote} Most Alien technology has the facility to let you change the bar(s) covered by +/- hours. Another, simpler, way of doing it is to open a demo account with a UK broker and set up the indis on the charts there but taking the actual trades on your live account.
yeah doesn't have that function so must be junk earthling tech would it not work if I jus input the times 2 hours later? so 4-8 becomes 6-10, dead zone is 14:00 - 15:00 candle, witching is 1am or 2am (23vs00) and the daily break jus remains the good old daily break lol
  • #16,210
  • Edited 3:39am Mar 30, 2017 3:24am | Edited 3:39am
Quoting Piphunter00
{quote} yeah doesn't have that function so must be junk earthling tech would it not work if I jus input the times 2 hours later? so 4-8 becomes 6-10, dead zone is 14:00 - 15:00 candle, witching is 1am or 2am (23vs00) and the daily break jus remains the good old daily break lol
Use 1 hours bars.

Edit: this b/o tends to work better when range is low overnight - maybe 20 to 30 on gu.
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  • #16,211
  • Mar 30, 2017 3:26am Mar 30, 2017 3:26am
Quoting Piphunter00
{quote} ah so the 7;30 is a dax thing? I thought that was the London open. or does that get caught up in the h4 bar from 4-8am uk? ive also read up on the dead zone I got that one in the bag! what time uk is witching 23:00 or 0:00? shame on the 7:30 lol I took a short experiment on that candle with the cable thinking that was the legit setup with a 0.01 lot and its shitting itself thanks again lem helpful as ever. I want to start collecting statistics on all these things asap. this whole line trading thingamajig is amazing. also found some alien...
'' the London open. or does that get caught up in the h4 bar from 4-8am uk?''

Yes, pretty much. None of us trade the UK Open as such, it's just in the H4 bar move.


''what time uk is witching 23:00 or 0:00?''

Lol - both! The original is 00:00-01:00 uk time (hence the name), however during the testing period, myself and Wanna discovered that the 23:00-00:00 was actually a better performer, as the original move would be bigger and we could get our +5 earlier. The 00:00 works in a slightly different way and while just as successful, would more often need a counter. So technically speaking, use the 23:00 variant (or the 00:00, lol).

Now...due to a glitch (or my thick-headedness, which, let's face it, is actually more likely), the 23:00 indi kept resetting itself to the next 23:00 bar if I changed the time-frame after midnight, which was a right royal pain in the ass. This has a bearing on my using it to ''surf'' the zone overnight (which I often do on UC especially but don't usually post here as I have hijacked Billy's thread enough for now ). For this purpose, the 00:00 variant actually works better, as the range and zones are usually more clearly defined.
  • #16,212
  • Mar 30, 2017 3:26am Mar 30, 2017 3:26am
t 09-21
A/U 04-00 break..
Attached Image

we have a High/Low and the range is 19...
i honestly think it will drop, but it doesnt matter what i think.
example, IF it triggers low then retraces before +10 is made add another short if you want . (entry at your discretion and exit).
It might fail and if it does either add counter with a long.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,213
  • Mar 30, 2017 3:29am Mar 30, 2017 3:29am
i am away very soon, just waiting to be picked up....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,214
  • Mar 30, 2017 3:31am Mar 30, 2017 3:31am
Another fun method is trade Cable off the 07-45 bar.. But add 5 to the actual range for trigger...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,215
  • Mar 30, 2017 3:32am Mar 30, 2017 3:32am
Quoting lemercenaire
{quote} 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.
Hi Lem,
What made you choose 02:00 - 05:00 for your breakout box and is this solely for the EURGBP. As you call it the Frankenbreak, does this mean you don't take an entry before 7:00am? Never really looked at this pair before because it moves so slowly but you seem to have a good winning ratio with it.
I've traded breakouts of chosen levels for quite a while now so my interest was piqued by Avery and his assertion that all you need to trade is a horizontal line! Don't know much about Avery although he seems to have his share of haters. Personally I like simple systems but I do understand why people are unable to make money with them.
That was an excellent description you gave of how you trade the wick zone, far better and clearer than Avery does himself so thanks for that.
FF is full of so much BS and probably very damaging to new traders, it's enjoyable to catch up on threads like this one and the contributors it has.
Cheers
Simon
  • #16,216
  • Mar 30, 2017 3:34am Mar 30, 2017 3:34am
Quoting lemercenaire
{quote} '' the London open. or does that get caught up in the h4 bar from 4-8am uk?'' Yes, pretty much. None of us trade the UK Open as such, it's just in the H4 bar move. ''what time uk is witching 23:00 or 0:00?'' Lol - both! The original is 00:00-01:00 uk time (hence the name), however during the testing period, myself and Wanna discovered that the 23:00-00:00 was actually a better performer, as the original move would be bigger and we could get our +5 earlier. The 00:00 works in a slightly different way and while just as successful, would more...
so witching hour is a two hour zone showing the hi and low of the 23:00 h1 candle and the 00:00 h1 (in my charts case 1am and 2am)
  • #16,217
  • Mar 30, 2017 3:38am Mar 30, 2017 3:38am
Quoting Piphunter00
{quote} yeah doesn't have that function so must be junk earthling tech would it not work if I jus input the times 2 hours later? so 4-8 becomes 6-10, dead zone is 14:00 - 15:00 candle, witching is 1am or 2am (23vs00) and the daily break jus remains the good old daily break lol
Some of the early versions don't allow. My own is custom built, I'm afraid but I am pretty sure some of the newer ones have the function.

Of course, simply inputting ''false'' limits would work, albeit if you post the charts, the times shown on the indi can confuse those not in the know (one reason why I use an clock in the top-left corner).

''...and the daily break jus remains the good old daily break''

Actually be careful of this, as it doesn't actually work, as your day will start and finish at a different time from the day used by Billy, myself and Mr-T, so your entries - and in fact the whole trade - will run differently. SlowBrain had the same issue and now uses a UK broker for this very reason.
  • #16,218
  • Mar 30, 2017 3:43am Mar 30, 2017 3:43am
Quoting Piphunter00
{quote} so witching hour is a two hour zone showing the hi and low of the 23:00 h1 candle and the 00:00 h1 (in my charts case 1am and 2am)
No, treat them as completely different variants.
V1: 00:00 - 01:00 uk
V2: 23:00 - 00:00 uk

You can run them both but keep them as separate entities. Both have different characteristics.
  • #16,219
  • Mar 30, 2017 3:45am Mar 30, 2017 3:45am
Quoting lemercenaire
{quote} Some of the early versions don't allow. My own is custom built, I'm afraid but I am pretty sure some of the newer ones have the function. Of course, simply inputting ''false'' limits would work, albeit if you post the charts, the times shown on the indi can confuse those not in the know (one reason why I use an clock in the top-left corner). ''...and the daily break jus remains the good old daily break'' Actually be careful of this, as it doesn't actually work, as your day will start and finish at a different time from the day used...
I got an ea somewhere for daily break out (Ferru coded it for me) sure times are changeable. Can post if helps.
  • #16,220
  • Mar 30, 2017 4:04am Mar 30, 2017 4:04am
Quoting simtrad
{quote} Hi Lem, What made you choose 02:00 - 05:00 for your breakout box and is this solely for the EURGBP. As you call it the Frankenbreak, does this mean you don't take an entry before 7:00am? Never really looked at this pair before because it moves so slowly but you seem to have a good winning ratio with it. I've traded breakouts of chosen levels for quite a while now so my interest was piqued by Avery and his assertion that all you need to trade is a horizontal line! Don't know much about Avery although he seems to have his share of haters....
Lol, complete and utter chance! I had the indi sitting around for ages and eventually played around by dropping it on a whole bunch of charts (pretty much every pair I could think of). However, I simply left the settings it came with, completely random chance. I ran a 6 month back-check followed by another 6 month live test on it and pretty much came out flat. Binned it. Moved on.

However, that was on the original (v1), the one with the entry buffer and single target. Then during one of my trawls through the dank, dark, places on FF, I came across the updated variant (v2), with the multi-target lines and its own updated method (which I don't use or care about).

The only thing I have changed is the box range-limit setting on v2 to keep it at max 20 pips. I have also never been able to figure out how to get rid of (or if it's even possible to get rid of) the large, black BO alert, which is a throwback to the aforementioned updated method. Well, actually I changed two things, I also adjusted the start and finish times to match those of my v1.

The idea had been to run both for a while and pick the best performer but both do equally well and I've ended up keeping both (at least for now).

The reason for using EURGBP is that once I broke down the 12 month stats, I noticed that this pair was incredibly consistent. I then made it even more so by limiting the box size to 20 pips max range. Most of the trades will come in at less than 10 pips tp.

Cable does work also to a certain extent but after a short while of using it, I basically leave it out now and use EG exclusively.

I do have another twist on this, where I use the inherent insanity of GN and ''Surf The Alien'' by setting a horizontal line at mid-point of the box and trading price in the direction it crosses this line (you can also add another two lines and run ''thirds''. It works and it's fun, in a mental kind of way but not for everyone.

As an aside, I would be careful about mentioning King Rat by name - doing that isn't wise over here. Saying he has his haters is an understatement. Better to visit The Other Galaxy if you wish to learn more.

EDIT: Oh and you asked about time of entry - no, I do not enter anything until price moves outside of the box.
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