Billytt Die happy trading e/j daily breakout | Page 890 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #17,781
  • May 26, 2017 2:41am May 26, 2017 2:41am
Great help, well done
Onwards and upwards...
  • #17,782
  • May 26, 2017 2:49am May 26, 2017 2:49am
Frankfurt went smoothly enough...

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Over at the DAX-Monster 07:55, however. Not so much. This thing just moves so damn fast.

Going by the charts, the +5% was made on the spike short no problem at all. In reality, there was simply no way I could work my trigger-finger fast enough - it genuinely moved in less than the blink of an eye. As a result, I missed the entry and entered after it moved. There wasn't even time to register that price had even moved! So here, we go, instead of closing out in profit, I have to trigger a counter.

Long-story-short, I managed to get it back to flat (a couple of quid under in reality) and left it at that.

Coming to the reluctant conclusion that although the method works, it (and oh boy never thought I'd ever hear myself say this) may need an EA to execute. Jeez-Puleeeeezzzz...what's the world coming to.

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  • #17,783
  • May 26, 2017 3:01am May 26, 2017 3:01am
Quoting lemercenaire
it (and oh boy never thought I'd ever hear myself say this) may need an EA to execute. Jeez-Puleeeeezzzz...what's the world coming to. {image}


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  • #17,784
  • May 26, 2017 3:21am May 26, 2017 3:21am
Quoting StudyFX
{quote} {image}
In fact if "The rules of engagement" are really clear, and follow a trade plan that can be explained .... there is no technical reason, not to use an EA .Technically speaking, everything is possible, BUT only if the rules of engagement are clear.
EA is just a list of parameters in logical order, nothing more

SB
trying to make everyday the best risk/reward decisions possible
  • #17,785
  • May 26, 2017 3:24am May 26, 2017 3:24am
Quoting slowbrain
{quote} In fact if "The rules of engagement" are really clear, and follow a trade plan that can be explained .... there is no technical reason, not to use an EA .Technically speaking, everything is possible, BUT only if the rules of engagement are clear. EA is just a list of parameters in logical order, nothing more SB
...with a really, really, fast trigger-finger, lol!
  • #17,786
  • May 26, 2017 3:36am May 26, 2017 3:36am
Quoting slowbrain
{quote} In fact if "The rules of engagement" are really clear, and follow a trade plan that can be explained .... there is no technical reason, not to use an EA .Technically speaking, everything is possible, BUT only if the rules of engagement are clear. EA is just a list of parameters in logical order, nothing more SB
I totally agree. I'm not against EA's. The photo was just for laughs.
I actually use trade managing EA's myself for my other style of trading (which I almost never trade anymore because I prefer trading lines now).
  • #17,787
  • May 26, 2017 8:19am May 26, 2017 8:19am
Dead Zone for today. Didn't have a lot of time - or inclination if I'm truthful - to go into a lot of analysis, so it helped that first port of call, EJ, was a complete no-brainer.
Suits me fine...

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  • #17,788
  • May 26, 2017 11:07am May 26, 2017 11:07am
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Range bound
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17,789
  • May 26, 2017 1:50pm May 26, 2017 1:50pm
Quoting lemercenaire
Ok then. Hope everyone had a good and profitable time today. My DZ options for this morning took a variety of routes through the day: AN I was looking for a short here and after a small head-fake that would have been countered into a profitable long, price turned and gave us the short, travelling all the way down through the zone. XAUUSD This was to be a long entry and sure enough, we got a nice, strong, long move over a couple of candles before price turned back and down, travelling again all the way through, then back and through the zone again....


So essentially, are you creating the "Witching Hour"at 23:00, and then after creating this, you're waiting for price to move back into the "body" of that "Witching Hour" candle and you're entering the trade at that price level towards the other end of body of the "Witching Hour" candle?
Did i get this right?
With a target of 5 pips?
If i am correct:
And as far as SL is concerned I remember you mentioning you guys reverse the trade or something to that extent. Is there more of a simple hard SL?
  • #17,790
  • May 26, 2017 2:16pm May 26, 2017 2:16pm
Quoting faatkumo
{quote} So essentially, are you creating the "Witching Hour"at 23:00, and then after creating this, you're waiting for price to move back into the "body" of that "Witching Hour" candle and you're entering the trade at that price level towards the other end of body of the "Witching Hour" candle? Did i get this right? With a target of 5 pips? If i am correct: And as far as SL is concerned I remember you mentioning you guys reverse the trade or something to that extent. Is there more of a simple hard SL?
Yep, pretty much. I'm just going to try and get the DZ set-ups posted up so I can get out for a bit but what I will do is try and post up an annotated chart with the basic moves / concepts for you over the weekend.
  • #17,791
  • May 26, 2017 2:23pm May 26, 2017 2:23pm
Quoting lemercenaire
{quote} Yep, pretty much. I'm just going to try and get the DZ set-ups posted up so I can get out for a bit but what I will do is try and post up an annotated chart with the basic moves / concepts for you over the weekend.
Okay awesome possum
  • #17,792
  • May 26, 2017 2:54pm May 26, 2017 2:54pm
Dead Zone charts for the day. As noted above, EJ was my baby today and worked out just fine.

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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  • #17,793
  • May 26, 2017 2:56pm May 26, 2017 2:56pm
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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  • #17,794
  • May 26, 2017 2:58pm May 26, 2017 2:58pm
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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  • #17,795
  • May 26, 2017 3:09pm May 26, 2017 3:09pm
Catch y'all on the other side!

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(One for Mr-T )
  • #17,796
  • May 26, 2017 6:08pm May 26, 2017 6:08pm
Hey week was swell. Nailed 130 ticks today on dax + CL. yum yum. look for the big stops and get paid!
  • #17,797
  • May 26, 2017 6:36pm May 26, 2017 6:36pm
Quoting wannalearn12
Hey week was swell. Nailed 130 ticks today on dax + CL. yum yum. look for the big stops and get paid!
My trigger-finger got cramp...
  • #17,798
  • May 26, 2017 7:36pm May 26, 2017 7:36pm
Quoting lemercenaire
{quote} My trigger-finger got cramp...
Hehe I'll send over some H2O and K. should have you fixed right up.
  • #17,799
  • May 26, 2017 7:38pm May 26, 2017 7:38pm
Quoting slowbrain
Only 1 trade for me yesterday Long trigger on DB E/J still running this morning let see , no counter needed ,i counter at -38 pips on retracement. any input on counter is welcome . SB Edit: +20 pips
Hi SB, good to see ur posts on daily EJ , Your TP seems to be 20, what is ur SL, ? Or counter price ? Some of the EJ candles get pretty big, last week went up to 125 on Fri !! My thought on SL at half way on candle would be wrong, i would appreciate your thoughts, ta
Onwards and upwards...
  • #17,800
  • May 26, 2017 7:40pm May 26, 2017 7:40pm
Have a great long weekend everybody..thanks for a great thread
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Onwards and upwards...
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