Billytt Die happy trading e/j daily breakout | Page 837 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #16,721
  • Apr 11, 2017 6:39am Apr 11, 2017 6:39am
Brent-US Crude Billy-Bar brought me a perfect southbound flight...

Brent-US Crude 05.00 H4 Diff trade.

Attached Image
  • #16,722
  • Apr 11, 2017 6:55am Apr 11, 2017 6:55am
Quoting turnip15
{quote} Cable - "Wick Zone" -dipped south and got three points before stopping me out. Then North into body of trigger bar (arrowed) for ten. CAD hourly is fairly flat -any reason for that mes amis ? {image}
Update: Oil's just jumped against the greenback. Watch for CAD to follow if it's got anything to do with Oil.
  • #16,723
  • Apr 11, 2017 6:57am Apr 11, 2017 6:57am
Re The Dead Zone, guys. Tiny ranges across the main players - I won't be playing in these waters today - if you do, then take a life-jacket and good luck...
  • #16,724
  • Apr 11, 2017 8:39am Apr 11, 2017 8:39am
Quoting lemercenaire
{quote} Update: Oil's just jumped against the greenback. Watch for CAD to follow if it's got anything to do with Oil.
It did Lem -it did :-)
Attached Image (click to enlarge)
Click to Enlarge Name: CAD4H1438.jpg Size: 495 KB
every Saint has a past. Every Sinner has a Future
  • #16,725
  • Apr 11, 2017 9:09am Apr 11, 2017 9:09am
Today's trading results:

  1. AUDUSD DZ +6.2 pips
    I had a small buffer. Buy triggered. Price went against me. I countered when price exited the upper WZ. I added a sell at the low of the DZ candle and closed my negative position. Went for 5 pips from the DZ low and closed both sell positions.

I think I did okay managing my counter today. I wish I traded the FB, but I fell asleep early.

AUDUSD M5 chart with H1 M-candles. M-candle with the arrow is the DZ candle.

Attached Image
  • #16,726
  • Apr 11, 2017 9:16am Apr 11, 2017 9:16am
Quoting billytt
i am making a quiche for my Lady then off out, She can have it when she gets back from Uni, early finish i believe. I am looking at Cable 04-00 bar , hopefully the news may let it continue down for the Daily Range Low. or if it breaks the 04-00 High which in theory it should we can look for the High...It is all lines.



it did lol, good old theories... Lady loved her quiche eaten on the new decking yaaaay. (off a plate)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,727
  • Apr 11, 2017 9:37am Apr 11, 2017 9:37am
Good going, guys. Looking good!
  • #16,728
  • Edited 6:55pm Apr 11, 2017 10:28am | Edited 6:55pm
Quoting StudyFX
Today's trading results: AUDUSD DZ +6.2 pips I had a small buffer. Buy triggered. Price went against me. I countered when price exited the upper WZ. I added a sell at the low of the DZ candle and closed my negative position. Went for 5 pips from the DZ low and closed both sell positions. I think I did okay managing my counter today. I wish I traded the FB, but I fell asleep early. AUDUSD M5 chart with H1 M-candles. M-candle with the arrow is the DZ candle. {image}
One thing I would say to consider.

You note that you used a buffer. Run this thought-experiment:
Tiny range.
No buffer. You have in your mind already decided which way you are going to trigger your trade (based on as much info and analysis as you can work with). Enter trade.
Target +5 and have your decision to counter at -5 already set in stone.

Now, does the buffer help, or hinder here?
  • #16,729
  • Apr 11, 2017 12:14pm Apr 11, 2017 12:14pm
Quoting lemercenaire
Brent-US Crude Billy-Bar brought me a perfect southbound flight... Brent-US Crude 05.00 H4 Diff trade. {image}
How the full day looked on that Brent-US Crude Diff trade. Just too bad price didn't come all the way back up into the upper zone to give a second bite at the southern flight path. Can't complain - it gave me plenty already earlier .

Attached Image (click to enlarge)
Click to Enlarge Name: Brent-US Crude 05.00 H4 Break 11th April 17 Full Day CROP.png Size: 15 KB
  • #16,730
  • Apr 11, 2017 12:41pm Apr 11, 2017 12:41pm
Hey, Mr-T (and all others, of course). In case I forget to mention it later and you don't spy it yourselves, remember it's all about the BOC news tomorrow (from 15.00 uk time). Big red for UC...

...and GBP chips in in the am just to complete the fun.
  • #16,731
  • Apr 11, 2017 5:08pm Apr 11, 2017 5:08pm
Big fun for those who took the chance on the small-range candles today in The Dead Zone - well done all.

Here's how the charts looked at the end of the day for those of us who stayed out...

EURJPY
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USDCAD
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AUDUSD
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Click to Enlarge Name: AUDUSDH1DeadZone11thApril17.png Size: 35 KB


USDNOK
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GBPNZD
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  • #16,732
  • Apr 11, 2017 5:10pm Apr 11, 2017 5:10pm
AUDNZD
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GBPUSD
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CADJPY
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Click to Enlarge Name: CADJPYH1DeadZone11thApril17.png Size: 26 KB


NZDUSD
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NZDJPY
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  • #16,733
  • Apr 11, 2017 5:12pm Apr 11, 2017 5:12pm
XAUUSD
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Click to Enlarge Name: XAUUSDH1DeadZone11thApril17.png Size: 25 KB


USDJPY
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Click to Enlarge Name: USDJPYH1DeadZone11thApril17.png Size: 25 KB


GBPJPY
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GER30
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OILUSD
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  • #16,734
  • Apr 11, 2017 5:25pm Apr 11, 2017 5:25pm
For Mr-T's scrapbook. How much could you have done playing the zones on UC via last night's Witching Hour extended into today?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1WHandsurfedalldaytilldusk10th-11thApril17.png Size: 32 KB


This does bring up a point I've made in the past and is worth repeating for the newcomers, in that if you do by any chance miss the original entry on your chosen pair - for whatever reason - always remember that there is the possibility of surfing the zone through the day.
  • #16,735
  • Apr 11, 2017 6:28pm Apr 11, 2017 6:28pm
stat time, i am glad cable did what it did as i had a few people on it. I am not used to seeing it rise lol. i cannot add more. I will trade the 07-45 again in the morning.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,736
  • Apr 11, 2017 6:34pm Apr 11, 2017 6:34pm
Quoting lemercenaire
{quote} One thing I would say to consider. You note that you used a buffer. Run this thought-experiment: Tiny range. No buffer. You have in your mind already decided which way you are going to trigger your trade (based on as much info and analysis as you can work with). Enter trade. Target +5 and have you decision to counter at -5 already set in stone. Now, does the buffer help, or hinder here?
Funny you should mention that Lem, i use a buffer on the first trade but not on the retrace should it happen.
BUT my stats are coming together and they suggest i do not need to have a buffer, Those + 5 can be taken as profit.
Straight after Uk open it normally goes high/low or low/high maybe a retrace but rarely whips. Whipping kills.
The method is looking good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,737
  • Apr 11, 2017 6:58pm Apr 11, 2017 6:58pm
Quoting billytt
{quote} Funny you should mention that Lem, i use a buffer on the first trade but not on the retrace should it happen. BUT my stats are coming together and they suggest i do not need to have a buffer, Those + 5 can be taken as profit. Straight after Uk open it normally goes high/low or low/high maybe a retrace but rarely whips. Whipping kills. The method is looking good.
That's it, Billy. That's exactly the conclusion to be seen in this thought experiment.
  • #16,738
  • Apr 11, 2017 6:59pm Apr 11, 2017 6:59pm
Off to the land of nod - see you in the am...
  • #16,739
  • Apr 12, 2017 2:22am Apr 12, 2017 2:22am
Ta-Da! back again, lol...

Frankenbreak is first past the post this morning. Over and done with no fuss. Looked like a probable long bias - albeit hardly a strong one - and sure enough, long it went. Took the +5 and happy to do so...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15FBalldone12thApril17v+5.png Size: 31 KB
  • #16,740
  • Apr 12, 2017 2:31am Apr 12, 2017 2:31am
morning all, t 08-28...
i traded Cable off the 07-45 bar .. i didnt use a buffer and somehow i made an error with my entry, lol..
anyway i still got 5% off the High Break..
It had a 7 range and has broken 04-00 bar and yesterdays Daily High. so it should go more and we have a 00 in sight. I have done though.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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