Billytt Die happy trading e/j daily breakout | Page 942 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,821
  • Edited 7:03am Jun 14, 2017 6:23am | Edited 7:03am
Right, don't ask questions about these 3 trades, one of my lookers sent them.
I do not know if they were demo or live, but hopefully you can see how starting off with 20 on selected trades you can build up. Having looked at the 3 trades it is actually wrong, the 3rd trade should of brought in 160
i still post though
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it also doesn't matter that all the trades are not same

edit, i think you would of needed extra for margin,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,822
  • Jun 14, 2017 6:25am Jun 14, 2017 6:25am
Did some surfing.

Additional trade:

  1. GBPJPY WH +8.2 pips (-10.7+12.2+6.7)
    I saw price moving around the WH zone. Shorted at WH low. Price almost reached my TP, but price reversed. Countered at WH mid. Closed the short at WH high and added a buy. Closed 5 pips above WH high. Not too stressful.

GBPJPY M5

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  • #18,823
  • Jun 14, 2017 6:56am Jun 14, 2017 6:56am
EJ looks top of the list for the DZ today for me. Not ecstatic about the forest of wicks, mind you...

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Wide view gives you more info...

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I'm thinking short.
  • #18,824
  • Jun 14, 2017 7:03am Jun 14, 2017 7:03am
Of the others, closest contenders are:

Quite a few ifs-buts-and-maybes.
AN - I'd have said short but overall the move is upward and it could push through the resistance.
AU - Maybe short but seems a bit lost-in-space.
CJ - Short but it does seem a bit trapped.
GJ - Looks good for a short later.

UJ isn't too bad looking for a short if you look way left for added info.
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The others have their own possibilities traded naked, so long as you see they can go either way.
GN looks like a Dead Cat Bounce.

As a candidate from left-field and not usually posted here, the US500 could go short off resistance, though there is still a bit of room above.
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  • #18,825
  • Jun 14, 2017 7:04am Jun 14, 2017 7:04am
A sky-full of red dollars out there this afternoon.
  • #18,826
  • Jun 14, 2017 7:06am Jun 14, 2017 7:06am
Looks like I'm going to have to play inside the range on EJ. All wicks - no body. Mid-Line activity ahead, methinks, lol. Back later.
  • #18,827
  • Jun 14, 2017 7:38am Jun 14, 2017 7:38am
Additional trade:

  1. AUDUSD DZ +9.5 pips
    Bought at DZ high. Aimed for 5 pips above DZ high and was willing to counter at DZ low. Price retraced a bit, but eventually shot up very quickly. Very quick and clean trade. Got some positive slippage which is always good.

    I saw Lem's post about the DZ, so I got ready to trade it. Only after the trade was closed did I realize I was trading exactly on red news. I don't think I would have traded this if I knew there would be red news.

AUDUSD M5

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  • #18,828
  • Jun 14, 2017 7:39am Jun 14, 2017 7:39am
Quoting lemercenaire
ej looks top of the list for the dz today for me. Not ecstatic about the forest of wicks, mind you... {image} wide view gives you more info... {image} i'm thinking short.
sooooo manyyyyy wiiiiiickkks lol
  • #18,829
  • Jun 14, 2017 7:42am Jun 14, 2017 7:42am
That'll do...

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  • #18,830
  • Jun 14, 2017 7:44am Jun 14, 2017 7:44am
Quoting StudyFX
Additional trade: AUDUSD DZ +9.5 pips Bought at DZ high. Aimed for 5 pips above DZ high and was willing to counter at DZ low. Price retraced a bit, but eventually shot up very quickly. Very quick and clean trade. Got some positive slippage which is always good. I saw Lem's post about the DZ, so I got ready to trade it. Only after the trade was closed did I realize I was trading exactly on red news. I don't think I would have traded this if I knew there would be red news. AUDUSD...
Yeah, I posted about the red news after talking about the USD pairs. Not ideal, sorry, lol. Glad you got away with it.
  • #18,831
  • Jun 14, 2017 7:56am Jun 14, 2017 7:56am
Lol...

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One shouldn't laugh at the afflicted...
  • #18,832
  • Jun 14, 2017 8:01am Jun 14, 2017 8:01am
Done for now. The sun's come out and I need fresh air. Catch up with ya'll later.
  • #18,833
  • Jun 14, 2017 8:18am Jun 14, 2017 8:18am
Quoting lemercenaire
Lol... {image} {image} One shouldn't laugh at the afflicted...
What a drop...

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  • #18,834
  • Jun 14, 2017 10:08am Jun 14, 2017 10:08am
Quoting lemercenaire
{quote} Take the AU H4 candle that runs form 04:00 - 08:00 and once that candle closes, trade that. There are slightly different methods of trading the EJ Daily, as well as my own variant (slightly different again from Billy's) to trading the H4 candle. I really would stick to the AU H4 to begin with at least - and run it totally in the way Billy does. It is the most straightforward way.

Right Idea?
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  • #18,835
  • Jun 14, 2017 10:13am Jun 14, 2017 10:13am
Boing!

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The Dead Zone into The Boing Zone, lol.
  • #18,836
  • Jun 14, 2017 10:18am Jun 14, 2017 10:18am
Quoting faatkumo
{quote} Right Idea? {image}
Your two vertical red lines are one candle too far apart?

(1) 04:00 - 05:00
(2) 05:00 - 06:00
(3) 06:00 - 07:00
(4) 07:00 - 08:00

Other than that, fine. I'd be working on your colour scheme to try and make it easier to see what's going on though - but maybe that's just me.
  • #18,837
  • Jun 14, 2017 10:29am Jun 14, 2017 10:29am
Quoting lemercenaire
{quote} Your two vertical red lines are one candle too far apart? (1) 04:00 - 05:00 (2) 05:00 - 06:00 (3) 06:00 - 07:00 (4) 07:00 - 08:00 Other than that, fine. I'd be working on your colour scheme to try and make it easier to see what's going on though - but maybe that's just me.
That last vertical line was just to illustrate the break of the 04-08:00 range, sorry...
  • #18,838
  • Jun 14, 2017 10:32am Jun 14, 2017 10:32am
Quoting bojack34
{quote} There are more than one way to Counter your bad trade. Countering at the Mid Point is just one of the ways. (Lem's way) If you have a Range of 20 and you Counter your bad trade at the Mid Point which would be 10.....now when your bad trade has reversed 100% of the range and reaches your opposite side trigger.....you would have lost -10 pips on your original trade and made +10 pips on your second trade. This puts you at EVEN. There is NO NEED to double your lot size at this point. As Billy has stated before and has a lot of stats to support...

Do these trades all take place on the same day?
Like if price ranges in and out of the Trigger Candle?
Or are we talking throughout the week when new Trigger Candles come about?
  • #18,839
  • Jun 14, 2017 11:53am Jun 14, 2017 11:53am
Quoting faatkumo
{quote} Do these trades all take place on the same day? Like if price ranges in and out of the Trigger Candle? Or are we talking throughout the week when new Trigger Candles come about?
That annoying moment(s)
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every Saint has a past. Every Sinner has a Future
  • #18,840
  • Jun 14, 2017 11:58am Jun 14, 2017 11:58am
Claudia is not trading today or what
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