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Billytt Die happy trading e/j daily breakout

  • #18,461
  • Jun 8, 2017 11:01pm Jun 8, 2017 11:01pm
Quoting lemercenaire
{quote} Time-wise to match up to Denver, The Dead Zone and Witching Hour would suit. Any of our 04:00 breaks are going to be your midnight (though maybe you're a night-owl and that'd be fine). Any advice other than that is you gotta' suck-it-and-see. Only by trying, will you know what works best for you.


Which are are valid hours (in gmt) to trade the dead zone and witching hours? Tokyo session? London session? Ny Session?
im still crazy confused about its SL or counters.





SL of 4:00 breakout?
  • #18,462
  • Jun 8, 2017 11:31pm Jun 8, 2017 11:31pm
E/J daily break today :
short triggered , I re-enter on the retracement at-10 pips , both positions touched SL -38 pips , I open equal position on long and this one finally touched TP at +20.

still scratching my head
trying to make everyday the best risk/reward decisions possible
  • #18,463
  • Jun 9, 2017 2:15am Jun 9, 2017 2:15am
morning, no trade today. Dax looked like a fail ,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,464
  • Jun 9, 2017 2:16am Jun 9, 2017 2:16am
Quoting billytt
morning, no trade today. Dax looked like a fail ,
No trade on the 04-00 either? Range too small?
  • #18,465
  • Jun 9, 2017 2:20am Jun 9, 2017 2:20am
[quote=bojack34;9960183]I was thinking that with a really small account ($200-$500) I could trade the 07-30 bar the in a similar way billy trades, ie: look for +5, then if price reaches +5 I would close trade #1 and open trade #2 which would be x2 lot size as first trade (compounding)..... and look for +10...if trade reverses before +10, then look to keep trade in limbo until it reaches the "opposite" side of

hi, Trade one method and learn it and get stats,
you cannot trade several methods especially with small bank roll.
I would trade the 04-00 break perhaps only trading the retrace and add small amout of winnings to your next lot size.
This is more safe and your bank will grow.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,466
  • Jun 9, 2017 2:22am Jun 9, 2017 2:22am
DAX 06:00 - 08:00 continues to deliver (and then some) +5% (actually manually closed for +27%). That's me done for the day, lol!

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-Monster 06.00 - 08.00 June 9th 17 (2)_LI.jpg Size: 862 KB


As an aside, I had watched the 07:55 on another screen and it would have been a right hassle. Final decision made today, I think.
  • #18,467
  • Jun 9, 2017 2:23am Jun 9, 2017 2:23am
Quoting lemercenaire
DAX 06:00 - 08:00 continues to deliver (and then some) +5% (actually manually closed for +27%). That's me done for the day, lol! {image} As an aside, I had watched the 07:55 on another screen and it would have been a right hassle. Final decision made today, I think.
flipping hell am i the only one that hasnt been trading due to the election lool
  • #18,468
  • Jun 9, 2017 2:24am Jun 9, 2017 2:24am
Quoting bojack34
{quote} No trade on the 04-00 either? Range too small?
Range tooo big, it isnt worth me looking at, I can wait until next week to trade,
i am well up again this week with %%%%%
Of course we have other pairs A/U & E/J but we dont have to trade every day.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,469
  • Jun 9, 2017 2:24am Jun 9, 2017 2:24am
Quoting billytt
Quoting bojack34
I was thinking that with a really small account ($200-$500) I could trade the 07-30 bar the in a similar way billy trades, ie: look for +5, then if price reaches +5 I would close trade #1 and open trade #2 which would be x2 lot size as first trade (compounding)..... and look for +10...if trade reverses before +10, then look to keep trade in limbo until it reaches the "opposite" side of hi, Trade one method and learn it and get stats, you cannot trade several methods especially with small bank roll. I would trade the 04-00
...
perfect thank you very much for your advice....i'm looking at the 04-00 right now and i'm waiting on a retrace as we speak! lol. There is a "Quarter Line" exactly 10 pips from the HH trigger. I think there is a chance that price breaks the High and retraces/reverses and I get to place a trade on the Opposite Trigger and go for the Daily Range. ( I pay very close attention to ALL the Quarter Lines..not just the 00 line)
  • #18,470
  • Jun 9, 2017 2:26am Jun 9, 2017 2:26am
Quoting billytt
{quote} Range tooo big, it isnt worth me looking at, I can wait until next week to trade, i am well up again this week with %%%%% Of course we have other pairs A/U & E/J but we dont have to trade every day.
I show the Range for the 04-00 bar being only 15 pips. That is too big?
  • #18,471
  • Jun 9, 2017 2:47am Jun 9, 2017 2:47am
Quoting bojack34
{quote} I show the Range for the 04-00 bar being only 15 pips. That is too big?
Cable 04-00 Range is 48
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,472
  • Jun 9, 2017 2:54am Jun 9, 2017 2:54am
[quote=bojack34;9960686]{quote}{quote} perfect thank you very much for your advice....i'm looking at the 04-00 right now and i'm waiting on a retrace a
Cable 04-00 bar, High =12783,,,, Low =12635... Range =48.
Range too big for me but it is too volatile,
On days like this it is easy/lucky to catch a big move but you cannot live like this, call it a lucky win etc.
Attached Image

if you start looking at lines in the bar you need to look at stats, i have high/low enter, and counter if it loses.SIMPLES
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,473
  • Jun 9, 2017 2:59am Jun 9, 2017 2:59am
Quoting billytt
{quote} Cable 04-00 Range is 48
I'm sorry I was looking at AU. When you referred to the 04-00 bar I immediately thought of AU since that is your main pair you trade with the 04-00 bar. Oops
  • #18,474
  • Jun 9, 2017 3:07am Jun 9, 2017 3:07am
Quoting Piphunter00
{quote} flipping hell am i the only one that hasnt been trading due to the election lool
Nah - only thing I did yesterday was the DAX-Monster as well and then sat on my hands all day. Watched my brother make major, major, moolah after calling the sell originally at 2950 and then doing a Claudia and selling into the morning's open at 2970. He told me he was going to be doing this on Tuesday night. Force of nature when he gets going.

I'm done for the day now as well.
  • #18,475
  • Jun 9, 2017 3:10am Jun 9, 2017 3:10am
Quoting bojack34
{quote} I'm sorry I was looking at AU. When you referred to the 04-00 bar I immediately thought of AU since that is your main pair you trade with the 04-00 bar. Oops
ok, i did refer to A/U and E/J at end of post, no problem..
I did look at A/U and yes it has 16 range, but i shall have a day off.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,476
  • Jun 9, 2017 3:16am Jun 9, 2017 3:16am
Quoting billytt
{quote} ok, i did refer to A/U and E/J at end of post, no problem.. I did look at A/U and yes it has 16 range, but i shall have a day off.
as of this moment I don't even know that another pair other than AU exists!! LOL.. ...What is TOO SMALL of a range for you to trade? and What is TOO BIG of a range for you to trade ....both on AU for the 04-00 bar?? I would like to know what my "working parameters" are for the 04-00 bar.
  • #18,477
  • Jun 9, 2017 3:22am Jun 9, 2017 3:22am
Quoting bojack34
{quote} as of this moment I don't even know that another pair other than AU exists!! LOL.. ...What is TOO SMALL of a range for you to trade? and What is TOO BIG of a range for you to trade ....both on AU for the 04-00 bar?? I would like to know what my "working parameters" are for the 04-00 bar.
If a range is too small, you have a chance of whip.
If too big it is harder to work using a counter ( i am speaking 04-00)
ideally for me i like 28 range but anything from 18 to 35 is ok.
It is all stat based
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,478
  • Jun 9, 2017 3:24am Jun 9, 2017 3:24am
A/U on 04-00 is nice and steady, Since last June (((BREXIT))) i have been trading Cable as the volatility and consistency has been brilliant to trade off. Hence the 07-45 break for compounding
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,479
  • Jun 9, 2017 3:31am Jun 9, 2017 3:31am
Quoting faatkumo
i'm still scratching my head after reading and lurking here for the past several weeks for a sound strategy as a NY based trader.... Deadzone? Witching? Breakout? TP/SL/COUNTER?
I notice you flit from thread to thread and from post to post and from query to more queries. What you must do ( as others have hinted ) is to master ONE approach and actually trade (small stake) or demo it. If you continue flitting from branch to branch ( metaphorically speaking) you will have no sound base (knowledge or practical) upon which to build an income. In fact, flitting and not settling on anything will see you sink into mental turmoil and obscurity. Sorry to be blunt but you are not the only one who falls into the aforementioned description. (IMHO of course)
every Saint has a past. Every Sinner has a Future
  • #18,480
  • Jun 9, 2017 3:39am Jun 9, 2017 3:39am
Quoting turnip15
{quote} I notice you flit from thread to thread and from post to post and from query to more queries. What you must do ( as others have hinted ) is to master ONE approach and actually trade (small stake) or demo it. If you continue flitting from branch to branch ( metaphorically speaking) you will have no sound base (knowledge or practical) upon which to build an income. In fact, flitting and not settling on anything will see you sink into mental turmoil and obscurity. Sorry to be blunt but you are not the only one who falls into the aforementioned...
you just received a feather for your hat Mr T, or maybe a stripe. Hope you are well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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