Billytt Die happy trading e/j daily breakout

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Only EJ at thr mo...hope u can take a joke

Set of rules or principles to this system? Seems pretty interesting. I'm seeing different approaches.

E/J daily break get SL today .

I see things about deadzones, pairs other than e/j.
And different approaches. What's the newest approach and guide to trading this system?

hehe after the cats last week ..look like winners to me ...
AJ pretty good ,not too much stress
completely missed that disgusting shadow lol

Thanks Claudia. Yes I have been doing a lot of playing and reading to try and understand what is going on under the hood and I offered to write a basic guide of it in passing and a lot of people have jumped on me so it looks like that is what I will be doing this weekend! The basic concept really does seem to work. I set it to run at 00:00GMT today with a tp of 75pip. Hit that no problem with a dd of 40pips:

I'm hoping you woke up to another nice increase in your live account.

In regards to trading fewer pairs have you thought of changing the trade level in the CCFp indi to maybe 3 or 4 (from 2). I just posted this explanation in the main thread in regards to the trade levels:

Trade Levels:

The trade level setting in the CCFp indicator is quite important.

You need to have a basic understanding of what this indicator is doing. In very basic terms it is measuring a currency's strength against other currencies and then provides it a number of the scale of 1-10 green (strong) or 1-10 (weak). So 10 Green being the strongest and 10 Red being the weakest.



The indicator will then suggest pairs for you to trade dependent on what trade level you have set in the settings. So for the default trade level 2 it will suggest pairs that are 2 green vs 2 red and above so, for example, it will also include 2 green vs 3/4/5 red etc but it will not suggest 2 green vs 1 red. It will then tell you which way to trade (obviously in the direction of the stronger currency).



So setting the trade level to level 5, for example, would mean it would only offer those pairs that match the criteria of strong (green) level 5 vs weak (red) level 6,7,8,9 or 10. So you will have fewer suggestions but perhaps with a higher probability of success.



You might well have played with this setting already, just wanted to post it here as I value your views/opinions.

Hi FK.

There is no single method here. Instead, Billy has established a haven for a diverse crew of trading reprobates (ok maybe that's just me ) who have found a home away from the madness that exists out there in FX-Land. OK, it has it's own kind of madness - there is a certain level of, shall we say, irreverence (or once again - maybe that's just me, lol) where we can bring and explore a variety of methods, which actually contain a core of overlapping principles.

So, Billy originally ran the EJ Daily break and that was my first intro here - and soccerfan has revived this just lately.

Billy himself has since moved on to running the break of the H4 04:00 candle (uk time) on AU and GU. On top of this there is a frosting of DAX action on the 07:30 and / or 07:45 candles. Oh and don't forget the 07:55 on GU!

I then brought in The Dead Zone (via a nudge from TooSlow), which runs across the dead air in the hour before the US Open. There is also its sister method The Witching Hour over the period between the US Close and Asian Open.

My add-ons include the obvious HOLO and 1-2-3 trades you know about - which live on their own threads - and my own H4 break on my Brent-US Crude Differentials account. I run my methods using the techniques of Wick-Zone methodology and Trading-a-Line. On top of that, there's the Frankenbreak (of course) and whatever else I decide to chuck on a screen that particular day.

Claudia sells Cable and...well, yeah...that pretty much sums up Claudia's strategy. Sell Cable. Then sell some more.

Wannalearn pops in now and again (or at least he will once he finds his lost log-in details) but at the moment is off exploring the S&P Futures market in another galaxy. The boy done good.

Anyway, I won't list all the crew-members for fear of this turning into an Oscar-winner's speech, just suffice to say that this is a rock-solid group of like-minded individuals who have come together to form something quite special.

Take the time to read the posts in here and you'll get the tone. Feel free to ask any questions - and as Jim Rockford used to say, we'll get back to you as soon as we can...

The one question that needs to be asked though...Do you set it up so it only ever sells Cable?

No lol but would be easy !

Boom!

On the right side of the NFP there, lol.

HEY ALL! Got my password reset, was locked out for like a week!! Done with finals all A's - who would of thunk it. I have been playing in futures markets as of late having a great ol' time. Boy is FX a much friendlier market, but I like futs more bc I can really crank the %'s. 60 pages without me :d what have ya'll been doing 0.o

oh and Fdax is a damned monster. I shorted that puppy today and it hit my SL faster than a rabbit in heat. luckily I reversed the order muhahahahaha

HERE'S JOHNNNY!!!!!

Anyhooooooo - no trading on anything for me today. So, it goes without saying, that the DZ charts are just-for-the-record.

It should be set up for good stuff on Monday, as the UK markets will react to the French election and then we will get a counter to that European move once the US drags itself out of its pit. Should be fun-in-the-sun all round! Don't miss it

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One more thing of some interest - brought back to mind after seeing TS' post there. Check out how often the previous day's DZ (and in fact the WH even more so) act as a price-magnet moving forward through the next day.









Right, that's all for now - get the hell out of here and get the weekend started