Billytt Die happy trading e/j daily breakout | Page 943 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,841
  • Jun 14, 2017 12:04pm Jun 14, 2017 12:04pm
Quoting DavidRP
Claudia is not trading today or what
I m here.
  • #18,842
  • Jun 14, 2017 12:31pm Jun 14, 2017 12:31pm
Quoting claudia1
{quote} I m here.
Selling or waiting?
  • #18,843
  • Jun 14, 2017 12:35pm Jun 14, 2017 12:35pm
Quoting DavidRP
{quote} Selling or waiting?
Got some open sells in a loss right now. See what Fed does.
  • #18,844
  • Jun 14, 2017 1:16pm Jun 14, 2017 1:16pm
Quoting claudia1
{quote} Got some open sells in a loss right now. See what Fed does.
Played out got lucky.
  • #18,845
  • Jun 14, 2017 1:18pm Jun 14, 2017 1:18pm
Quoting claudia1
{quote} Played out got lucky.
Nice!
  • #18,846
  • Jun 14, 2017 2:25pm Jun 14, 2017 2:25pm
Quoting turnip15
{quote} That annoying moment(s) {image}

i know!
  • #18,847
  • Jun 14, 2017 2:25pm Jun 14, 2017 2:25pm
Quoting turnip15
@Claudia1 Am I understanding you correctly please. 1.30pm being the US open ? Then long or short of the high/low of the bar sitting on the Pivot ? Thanks.
when does it end?
  • #18,848
  • Edited 10:43pm Jun 14, 2017 4:41pm | Edited 10:43pm
@Billytt....I am re-reading the thread starting at Post #5848 (this is where you went to the 04-00 strategy) and I have ran across a couple of post where you mention using the 08-00 and/or the 12-00 candles as your "next" trigger if already in a Counter. Do you still use this method or do you wait until the next 04-00 4 hr candle the next day before you try to get your bad trade out of "limbo"? From my short experience it doesn't really matter where price travels once you have your trade in limbo, you just wait on your next trigger which ever one you want to use....unless price travels +20 or more while we're waiting) I would assume.

Maybe I'm reading into it in the wrong way....are you using the 08-00 1 hr candle and the 12-00 1 hr candle?.......and/or...... are you using the 04-00 4 hour candle as your "next trigger"? I'm assuming that all are acceptable options.
  • #18,849
  • Jun 14, 2017 4:41pm Jun 14, 2017 4:41pm
Quoting claudia1
{quote} Played out got lucky.
You make your own luck
  • #18,850
  • Jun 14, 2017 4:45pm Jun 14, 2017 4:45pm
Hi folks. Good day for all, I hope.

Over in The Dead Zone, the day played out like this:

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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  • #18,851
  • Jun 14, 2017 4:47pm Jun 14, 2017 4:47pm
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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  • #18,852
  • Jun 14, 2017 4:49pm Jun 14, 2017 4:49pm
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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  • #18,853
  • Jun 14, 2017 6:29pm Jun 14, 2017 6:29pm
I made an impulsive trade. I surfed the EURGBP DZ near the NY close... I don't even trade the normal DZ on this pair. I don't know what I was thinking. Crazy crazy me... I couldn't get any sleep because price was moving so slowly and I had to watch the trade.

Trading result:

  1. EURGBP DZ Surfing +11.1 pips (-4.7-8.5*2+8.2*4)
    I saw that price come back to the DZ. Price retraced after touching DZ low. I entered a sell. Price went back up to DZ high. I closed my sell and added two buys. Price went back down. Closed the buy positions and added four sells at DZ low. Price retraced a bit but eventually went down very very very very slowly. I aimed for a little more than 5 pips below DZ low and got positive slippage.

EURGBP M5

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_____

I'm too tired to trade the WH now, so I'll pass that one today.
  • #18,854
  • Jun 14, 2017 7:48pm Jun 14, 2017 7:48pm
Quoting StudyFX
I made an impulsive trade. I surfed the EURGBP DZ near the NY close... I don't even trade the normal DZ on this pair. I don't know what I was thinking. Crazy crazy me... I couldn't get any sleep because price was moving so slowly and I had to watch the trade. Trading result: EURGBP DZ Surfing +11.1 pips (-4.7-8.5*2+8.2*4) I saw that price come back to the DZ. Price retraced after touching DZ low. I entered a sell. Price went back up to DZ high. I closed my sell and added two buys. Price went back down. Closed the buy positions...
Just about to crash out (almost 02:00 here) but had to make a quick comment on this. I know you know you were a ....... well, ya know! So no lecture but two things to point out - one general trading point and one specific to Dead Zone surfing.

Firstly: Euro and GBP trading at NY close. UK and Europe has been closed for hours. Why are you trading those two currencies (and especially against each other)?

Secondly: You are losing sight of the basic DZ methodology. DZ is traded Wick-Zone style. You are looking to let price travel through, from low to high for instance and then take the trade SHORT as it comes back down OUT of the upper WZ, not let that move go and then try and jump in at the outside break.

The surfing comes from the tendency for price to move back and forward THROUGH the zone, not leave it.

The breakout aspect should only be considered at the beginning of the DZ set up, as NY OPENS.

The only time you consider it later is if price has moved all day along inside the zone, as then it is likely to break at some point - but even then other factors that would influence direction should be taken into account.

Catch y'all later.
  • #18,855
  • Jun 14, 2017 11:34pm Jun 14, 2017 11:34pm
Billytt

I have study my few previous losing trades , and I would like to know if the distance from the daily opening price and the H / L off yesterday has a particular meaning ?
Do you keep record of this with your stats ? lets say the distance between opening price and Yesterday High is > 70 = forget long for today . this is what happen on Tuesday , we have a long trigger but price was already up from current daily low of more than 80 pips .... and it fail .....

yesterday no trigger for me I deleted both long and short limit orders , because no signal before the Fed report .

SB
trying to make everyday the best risk/reward decisions possible
  • #18,856
  • Jun 15, 2017 1:00am Jun 15, 2017 1:00am
Quoting slowbrain
Billytt I have study my few previous losing trades , and I would like to know if the distance from the daily opening price and the H / L off yesterday has a particular meaning ? Do you keep record of this with your stats ? lets say the distance between opening price and Yesterday High is > 70 = forget long for today . this is what happen on Tuesday , we have a long trigger but price was already up from current daily low of more than 80 pips .... and it fail ..... yesterday no trigger for me I deleted both long and short limit orders , because no...
this probably has something to do with the daily range SB however billy uses it
  • #18,857
  • Edited 1:30am Jun 15, 2017 1:03am | Edited 1:30am
not too inspired about longing E/G today, althought i probably stil will cause ill feel like a C word if it gives up my target without me on the train Lol

short seems more promising

edit: shitty old break

dont think its wise to counter this one too. might be on the way having 10% or more of this test account nuked. lol the joys
  • #18,858
  • Jun 15, 2017 2:03am Jun 15, 2017 2:03am
Quoting lemercenaire
{quote} Firstly: Euro and GBP trading at NY close. UK and Europe has been closed for hours. Why are you trading those two currencies (and especially against each other)? Secondly: You are losing sight of the basic DZ methodology. DZ is traded Wick-Zone style...
"UK and Europe has been closed for hours."
I really wasn't thinking. I'm in Asia at the moment and didn't realize it was almost NY close. I just saw price in the DZ and jumped in without thinking. Lesson learned. Regardless of which pair it is, I won't be trading at that time ever again.

"DZ is traded Wick-Zone style."
I actually didn't know this. Does this apply to WH and FB surfing as well? You would rather surf THROUGH the zone? (For FB, I remember you mentioning using the first H1 candle for the wick-zone.) Does it not make sense to surf exiting the zone? Whenever I surfed the WH, I traded it exiting the zone. I didn't gather a ton of stats, but the win rate seemed okay.

I think I'm getting too confident trading all of these zones because of the high win rate. I'm thinking to myself, 'I'll get out of this somehow.' I really needed a good scolding LOL. As always, I'll say it a million times if I have to, thank you so much for the feedback Lem. I'm always learning so much from you.
  • #18,859
  • Jun 15, 2017 2:14am Jun 15, 2017 2:14am
done cowboy stuff. thought fuck this.

countered and entered another trade which i took 2.8%

but now i have two counters in loool for -10%
  • #18,860
  • Jun 15, 2017 2:16am Jun 15, 2017 2:16am
Additional trade:

  1. EURGBP FB +14.2 pips (+9.7+4.5)
    I was late. I saw that price broke FB high, but retraced without reaching +5. I entered a sell near FB mid just as I would have if I entered the first buy. Price went down after a retrace. Added a sell at FB low. Aimed for 5 pips below FB low.

    I was lucky to come late. I got an extra 10 pips because I missed the first buy.

EURGBP M5

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