Billytt Die happy trading e/j daily breakout | Page 905 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,081
  • Jun 2, 2017 6:18am Jun 2, 2017 6:18am
Remember it's Non-Farm today, folks.
  • #18,082
  • Jun 2, 2017 6:19am Jun 2, 2017 6:19am
Quoting lemercenaire
{quote} Hahahahahahahahahahahaha - indicator time-differences are the bane of my life TF is as marked - m15 This was printed at the open of the 12:00 Noon m15 candle. Candles can be counted back to find the times of begin and end. The range of the break zone is marked from yellow-to-yellow. {image} It is not the range deliberately before, during or after the Frankfurt Open. The range is purely sheer blind randomness. I was playing with this indicator back in the day and this is the time it set itself at on this broker...
looks like it's 05:00 UK time to me
  • #18,083
  • Jun 2, 2017 6:32am Jun 2, 2017 6:32am
Quoting lemercenaire
{quote} Hahahahahahahahahahahaha - indicator time-differences are the bane of my life TF is as marked - m15 This was printed at the open of the 12:00 Noon m15 candle. Candles can be counted back to find the times of begin and end. The range of the break zone is marked from yellow-to-yellow. {image} It is not the range deliberately before, during or after the Frankfurt Open. The range is purely sheer blind randomness. I was playing with this indicator back in the day and this is the time it set itself at on this broker...
Got it! This is the easiest way to do it.
  • #18,084
  • Jun 2, 2017 6:37am Jun 2, 2017 6:37am
Quoting faatkumo
So sounds like there are conflicting Counter setups betwen Lem and Billytt. I just want to clear the air, bc once again this seems to be the piece to the puzzle. In regards to DeadZone mostly: Counter should be same or double original entry lot size? If same why? If double why? Counters should close on next trigger if not when? TP is 5pips or Midline or High/Low Body of Trigger Candle? If SL is placed should it be where Wick Zones are in extremes? Trying to really get the picture here to demo.
No, there are no conflicts. The techniques are the same. What you have to remember though, is that I use Wick-Zone entry methods on my breaks (H4 included) and Billy does not. This gives me different entries, hence different counters.

''Counter should be same or double original entry lot size? If same why? If double why?''
Same. You're holding the bad trade in limbo. Next trigger is double (if you want - or keep it the same, your call).

''Counters should close on next trigger if not when?''
This is where there is variation - even among my own trades. This is because if I am looking to run WZ, then this will effect where the trigger lines will be as well as the mid-line.
I don't use the opposite end of a huge candle but may do on a small one - see what I mean. So sorry, on this one, you're going to have to suck-it-and-see and come up with conditions that suit your style and comfort-zone.

I have also used fib-lines to use as counter-entries. It's evolution at play here.

The Dead Zone can vary in how I play it from day-to-day, because some days I can be arsed and some days I can't. Some days I'm in a mood to be aggressive, some days conservative. If the move I'm looking at has other information which leads me to believe I have a strong hand (S+D, BRN, Top of Daily Range etc), then I will be more inclined to hammer it for more.

There is a denizen of The Other Galaxy who says that (and I'm paraphrasing), ''...if you are unwilling to add to your position on a move, then you should close that position''. There's a lot of truth to that.

The base rules stay the same, though. It's at its heart just WZ method cw Trade-A-Line.

'' TP is 5pips''
Tp - for me, as Billy, is 5%. 5 pips is equally valid if that's more suitable.
  • #18,085
  • Jun 2, 2017 6:52am Jun 2, 2017 6:52am
Quoting lemercenaire
{quote} No, there are no conflicts. The techniques are the same. What you have to remember though, is that I use Wick-Zone entry methods on my breaks (H4 included) and Billy does not. This gives me different entries, hence diff. '' TP is 5pips'' Tp - for me, as Billy, is 5%. 5 pips is equally valid if that's more suitable.


My 1 pip is 1%, i only trade 10s of £££, £10 per point off 1k is 10% simples.
This is what i trade now to pay utilities and buy food
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,086
  • Jun 2, 2017 6:54am Jun 2, 2017 6:54am
Quoting billytt
{quote}[/color] My 1 pip is 1%, i only trade 10s of , 10 per point off 1k is 10% simples. This is what i trade now to pay utilities and buy food
Same.
  • #18,087
  • Jun 2, 2017 6:56am Jun 2, 2017 6:56am
Quoting faatkumo
So sounds like there are conflicting Counter setups betwen Lem and Billytt. I just want to clear the air, bc once again this seems to be the piece to the puzzle. In regards to DeadZone mostly: Counter should be same or double original entry lot size? If same why? If double why? Counters should close on next trigger if not when? TP is 5pips or Midline or High/Low Body of Trigger Candle? If SL is placed should it be where Wick Zones are in extremes? Trying to really get the picture here to demo.
Hi Faatkumo and welcome, Lem and i trade different method but they are still breakout.
As for counter, we have the same aim but use different entries. We have made it our own.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,088
  • Jun 2, 2017 7:00am Jun 2, 2017 7:00am
catch you later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,089
  • Jun 2, 2017 7:11am Jun 2, 2017 7:11am
Quoting billytt
catch you later
Me too, I think. Dead Zone options: CJ and GU (maybe US500)

Red news for CAD
Red news for USD

Ho hum...
  • #18,090
  • Jun 2, 2017 7:13am Jun 2, 2017 7:13am
Thanks Billy and Lem!!! You guys have been more than cooperative!! Green Pips to the both of you!!
  • #18,091
  • Jun 2, 2017 7:48am Jun 2, 2017 7:48am
Red News Hahahahahahahahahaha...

Non-Farm Hahahahahahahahahah...

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1DeadZonehahahahahahahahaRedNFP2ndJune17.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1asDeadZonehahahahahahahRedNFP2ndJune17.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: US500H1DeadZonehahahahahaRedNFP2ndJune17.png Size: 29 KB
  • #18,092
  • Jun 2, 2017 7:49am Jun 2, 2017 7:49am
GOLD indeed...

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1DeadZonehahahahahRedNFP2ndJune17.png Size: 36 KB
  • #18,093
  • Jun 2, 2017 7:50am Jun 2, 2017 7:50am
Quoting lemercenaire
Red News Hahahahahahahahahaha... Non-Farm Hahahahahahahahahah... {image} {image} {image}
gotta love it......just put a BUY STOP and SELL STOP on both sides of the RED NEWS a couple minutes before NEWS RELEASE...........make sure you place a SL on them all........no matter which way they go you WIN!
  • #18,094
  • Jun 2, 2017 8:04am Jun 2, 2017 8:04am
Quoting bojack34
{quote} gotta love it......just put a BUY STOP and SELL STOP on both sides of the RED NEWS a couple minutes before NEWS RELEASE...........make sure you place a SL on them all........no matter which way they go you WIN!
Mmmmmm...not always quite that easy. Spreads going to ten times their usual size...not getting filled...getting all in but not all out. The list is a long one.
  • #18,095
  • Jun 2, 2017 8:07am Jun 2, 2017 8:07am
Quoting bojack34
{quote} gotta love it......just put a BUY STOP and SELL STOP on both sides of the RED NEWS a couple minutes before NEWS RELEASE...........make sure you place a SL on them all........no matter which way they go you WIN!
Wish I'd thought of that .......
  • #18,096
  • Jun 2, 2017 8:10am Jun 2, 2017 8:10am
Quoting DavidRP
{quote} Money-machine!
Ever get anywhere developing an ea ?
  • #18,097
  • Jun 2, 2017 8:11am Jun 2, 2017 8:11am
Quoting claudia1
{quote} Wish I'd thought of that .......
  • #18,098
  • Jun 2, 2017 8:29am Jun 2, 2017 8:29am
Quoting bojack34
{quote} gotta love it......just put a BUY STOP and SELL STOP on both sides of the RED NEWS a couple minutes before NEWS RELEASE...........make sure you place a SL on them all........no matter which way they go you WIN!
Unless you get a bad fill.
You could get filled past your TP.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,099
  • Jun 2, 2017 8:50am Jun 2, 2017 8:50am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 41 KB


Zone to Zone to Zone to...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #18,100
  • Jun 2, 2017 9:49am Jun 2, 2017 9:49am
Quoting TooSlow
{image} Zone to Zone to Zone to...
Zone?
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