Billytt Die happy trading e/j daily breakout | Page 944 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #18,861
  • Edited 2:36am Jun 15, 2017 2:18am | Edited 2:36am
AU 04-00 i know we have no clue whats going to happen but i THINK price might break our LOW to around 75926 just shy of our +10 and then reverse. One because the Support at 75926, Two, because the gap created 02-30 will have been filled by then as well. Three, there is a chance that price could take an almost immediate reversal due to the 00 line just beyond our Lower Trigger. Although with our Monthly Candle being GREEN, our Weekly Candle being GREEN, our Daily Candle being GREEN.....The strength of AUD is very strong (8.8) compared to USD (3.7) on the H4 time fame strength meter...................trade looks like to me like it could break low and the reverse and go for our 20+

EDIT: Our Lower Trigger was just broke as I hit enter on this post...........

EDIT #2 .....I decided that if price happens to reach my +5 pips I will Exit the trade and instead of letting the trade reverse and go bad ...i will just lock up the +5 ...then let it reverse and trade the opposite trigger as a separate trade. I might put in 2 trades LONG....let one go for +5 more and the other go until my nears "obstacle".
  • #18,862
  • Jun 15, 2017 2:18am Jun 15, 2017 2:18am
Quoting StudyFX
Additional trade: 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 kept going down. 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 {image}
loool you got some luck on you!!!!!!!!!!!

this has well fucked me over, even though i took a +7 out of it. still not scratching the surface
  • #18,863
  • Jun 15, 2017 2:37am Jun 15, 2017 2:37am
No Frankenbreak for me this morning - took a lie in - so the DAX-Monster got me started. Broke short. +5%.

DAX 06:00 - 08:00

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Went on for a heck of a lot more than +5%

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  • #18,864
  • Jun 15, 2017 2:44am Jun 15, 2017 2:44am
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...
Before I go back and read the earlier morning posts, I wanted to add this in - EURGBP isn't one of the pairs that I run on The Dead Zone either. Doesn't work.
EJ, UC, AU, UNok, GN, AN, GU, CJ, NU, NJ, GOLD, UJ, GJ, GER30 and OIL (plus US500, The Dollar Index and other indices in The Other Galaxy).
  • #18,865
  • Jun 15, 2017 3:01am Jun 15, 2017 3:01am
Quoting StudyFX
{quote} "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...
'' "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.''

You're misunderstanding this a little. Wick-Zone trading does include the breakout as well as the trade back inside. However, my point is that you had let the inside trade go to wait for the breakout. You should have taken the trades as they came back inside the candle from the outside box edge (and would have had an easy profit and no drama ). If the breakout comes first, then of course that's the legit entry (unless there is outside info giving weight to not taking that direction - S+D or whatever).

The WH is traded the same way, as it is simply a time-shifted variant of DZ but The Frankfurt Break is a breakout method, so no (clue is in the name ).

(Having said that about the FB, I have just started looking at the influence of the lead-in box ''Wick-Zones'' on the break but that's another story.)
  • #18,866
  • Jun 15, 2017 3:14am Jun 15, 2017 3:14am
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?
Hi, a counter can take several days. It happens but not often and it depends on how you trade ,,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,867
  • Jun 15, 2017 3:20am Jun 15, 2017 3:20am
[quote=bojack34;9979563]@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

Hi, the 08-00 and 12-00 bars are the 4 hour bars.
I have used them as next trigger in the past, ( but different stats)
You must remember i trade off the 04-00 as i find it easier to do than the Daily,
A/U is the best to do as well. But Since last June i have been mainly trading Cable. (A/U nice and steady)
I can trade solely off the 04-00 bar, look for inside bars/outside bars/retrace etc
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,868
  • Jun 15, 2017 3:22am Jun 15, 2017 3:22am
[quote=StudyFX;9979758]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

it happens bud, been there done it, no excuse and no one else to blame only moi.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,869
  • Jun 15, 2017 3:25am Jun 15, 2017 3:25am
Quoting billytt
Quoting bojack34
@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 Hi, the 08-00 and 12-00 bars are the 4 hour bars. I have used them as next trigger in the past,
...
Gotcha....so if your FIRST Counter Trade doesn't reach your +20 then you just hold your trade in limbo until the "next day" 04-00 candle Tiggers?
  • #18,870
  • Jun 15, 2017 3:26am Jun 15, 2017 3:26am
Cable "Billy Bar" - 4am -nice short:
Nice sunny day again.
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every Saint has a past. Every Sinner has a Future
  • #18,871
  • Jun 15, 2017 3:28am Jun 15, 2017 3:28am
[quote=bojack34;9980718]AU 04-00 i know we have no clue whats going to happen but i THINK price might break our LOW to around 75926 just shy of our +10 and then reverse. One because the Support at 75926, Two, because the gap created 02-30 will have been filled by then as well. Three, there is a chance that price could take an almost immediate reversal due to the 00 line just beyond our Lower Trigger. Although with our Monthly Candle being GREEN, our Weekly Candle being GREEN, our Daily Candle bein

Hi, dont think too much, trade lines..
You can lock in a trade and let it run if you see clues.
But for me take the almost guaranteed 5%..
i can contradict myself regarding letting a trade run but i normally do this when i am bored..
But if i trade 07-45 looking for rapid move for 20 this is a totally different method.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,872
  • Jun 15, 2017 3:29am Jun 15, 2017 3:29am
Quoting billytt
Quoting bojack34
@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 Hi, the 08-00 and 12-00 bars are the 4 hour bars. I have used them as next trigger in the past,
...
I wish I would have used Cable today for the 04-00 break instead of AU.....Nice break on Cable! And I'm sure Claudia is a very happy camper!!!
  • #18,873
  • Jun 15, 2017 3:29am Jun 15, 2017 3:29am
Quoting lemercenaire
No Frankenbreak for me this morning - took a lie in - so the DAX-Monster got me started. Broke short. +5%. DAX 06:00 - 08:00 {image} Went on for a heck of a lot more than +5% {image}
dax was a good one, 07-55 was a short so down it went, i didn't trade it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,874
  • Jun 15, 2017 3:32am Jun 15, 2017 3:32am
Quoting billytt
Quoting bojack34
AU 04-00 i know we have no clue whats going to happen but i THINK price might break our LOW to around 75926 just shy of our +10 and then reverse. One because the Support at 75926, Two, because the gap created 02-30 will have been filled by then as well. Three, there is a chance that price could take an almost immediate reversal due to the 00 line just beyond our Lower Trigger. Although with our Monthly Candle being GREEN, our Weekly Candle being GREEN, our Daily Candle bein Hi, dont think too much, trade lines.. You can lock
...
As far as taking the +5..........I was thinking of just ALWAYS taking the +5 and then WAIT for the reversal and trade the Opposite Trigger and go for +5 more...maybe at x2 lot size...that would = +15 with LESS RISK.......and not reversal trade in limbo.
  • #18,875
  • Jun 15, 2017 3:32am Jun 15, 2017 3:32am
Quoting bojack34
{quote}{quote} Gotcha....so if your FIRST Counter Trade doesn't reach your +20 then you just hold your trade in limbo until the "next day" 04-00 candle Tiggers?
simple answer is yes. If trade 1 fails i enter trade at following end looking for +20 or the Daily Range, sometimes i dont lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,876
  • Jun 15, 2017 3:33am Jun 15, 2017 3:33am
Only a 20 pip range for Cable today......of course it was going explode!
  • #18,877
  • Jun 15, 2017 3:33am Jun 15, 2017 3:33am
Quoting bojack34
{quote}{quote} I wish I would have used Cable today for the 04-00 break instead of AU.....Nice break on Cable! And I'm sure Claudia is a very happy camper!!!
Cable today, i nailed it with a trigger and a retrace trade got 12%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,878
  • Jun 15, 2017 3:35am Jun 15, 2017 3:35am
Quoting bojack34
{quote}{quote} I wish I would have used Cable today for the 04-00 break instead of AU.....Nice break on Cable! And I'm sure Claudia is a very happy camper!!!
Me too. ( Happy camper that is)
Attached Image
every Saint has a past. Every Sinner has a Future
  • #18,879
  • Jun 15, 2017 3:36am Jun 15, 2017 3:36am
Quoting bojack34
{quote}{quote} As far as taking the +5..........I was thinking of just ALWAYS taking the +5 and then WAIT for the reversal and trade the Opposite Trigger and go for +5 more...maybe at x2 lot size...that would = +15 with LESS RISK.......and not reversal trade in limbo.
I trade the trigger and get +5 and maybe retrace trades but not always. I then close down Pc,
If the other end triggers i normally leave it as i already have 5% banked (or more) and you then adding risking with 2nd trade...
Just keep your eye on Daily Range
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,880
  • Jun 15, 2017 3:41am Jun 15, 2017 3:41am
i am off for a sleep lol,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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