Jekell and Hyde trading

[Mr. Hyde]

The pound yen was were it was at yesterday. 1st down trade was a TTE. 2nd sell and 1st buy were a candlestick pattern 123. And third sell was just a strong bearish candle out of supply. all sells were with HTF.

[Mr. Hyde]

Rising wedge. Zline plus fibs. Nuff said.

[LeMercenaire]

Rising wedge. Zline plus fibs. Nuff said.

Like a nice pair of brown leather shoes. Classic.

[Mr. Hyde]

Had already played it up, then down, then tried up and got kicked in my teeth. But then price made it to the bottom of the range and the 5m chart gave the entry. Now we need a close above this level and rejection.

[Mr. Hyde]

1st trade 2825, 2nd 2823, 3rd 2819. Exit 2/3rds at 2815.

[Mr. Hyde]

Playing the range is where the real money is at.

[Mr. Hyde]

"As you note in the second of your posts, the one move that can pay off big time is a return and failed test of the DZ limits. You can see that clearly on your chart"

"To give you a nudge, you would be wise to look at the adr and how it would play into the size of the trigger candle you are going to be using. You need to watch your candle is not too large. This is also why initially, the method used a mid-line."

Things to avoid: DZs that are too big in relation to ADR (still figuring out how to sort this out) and DZs that are mostly wick

The signal is the set up overall, so you get the directional bias confirmation, with the L-MACD doing its thing and price being on the right side of the ma. The entry needs the correct rejection or momo candle generally as well as the U-MACD flip, so I am not necessarily simply going on the breakout.

Just some notes for myself for the deadzone

[LeMercenaire]

Playing the range is where the real money is at.

I love a bit of boing-boing!

Always remember also, that you can just as easily use micro-ranges, those zones that form between two fib-levels, or a fib-level and a Z-Line, for instance. I did that very thing this morning on the Wall St 1-min chart.

[Mr. Hyde]

Damn. Today has been a good day. Charts coming later.

[Mr. Hyde]

Playing the range is where the real money is at.

I love a bit of boing-boing!

Always remember also, that you can just as easily use micro-ranges, those zones that form between two fib-levels, or a fib-level and a Z-Line, for instance. I did that very thing this morning on the Wall St 1-min chart.

Hum. Care to post an example.

And I definitely had a Lem type of day trading so far. Scalps, zlines, range trades, pullbacks, S&D and all trades were pretty much traded with what I would assume is a simplified approach to your MM style (just no hedging). The gains were just stupid. Plus I still have the deadzone to play and the ES, plus the flip and whatever else shows up. Loving today. To say the impossible is very possible is an understatement. People really set their goals way to low. After we talked I just kept playing different scenario's over in my head on how to accomplish such things. And it really just kind of clicked.