Journey of the ES - Wannalearn12

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LeMercenaire
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Wed May 16, 2018 9:07 am

LeMercenaire wrote:
Mr. Hyde wrote:[color=#FF0000]hey Lem you ever heard of the "real deal" trade setup[/color]. Its out a Kathy Lein's book. Basically its a high (low) set during the Frankfurt 1hr open, price then reverses and makes a low (high). Then the setup is to sell the break of the extreme that was set during the Frankfurt open. I believe is had a 20 pip sl and 40 pip target.

I only ask cuz supposedly its based on UK traders looking at the books and running price one way and then the other to clear all the stops out and then moving price in their direction.

Figured I would ask since you had been there and done that.


Haven't heard it called that but it's a pretty standard move. It can overlap with The K-Gap, which works on the same underlying principle of move and reverse and I used a variant of it for my FrankenBreak. That took contraction overnight leading into the Frankie Open and ran what wasn't far off a Buy Zone from the m15 tf.

You've got to get up an hour earlier though :P


In fact, if I think about it, I'm probably taking advantage of this when I run my DAX-Monster trade in the morning. WZ over the 2-Hr block 06:00 - 08:00 uk time. I look for a move back inside the block as a reaction to the previous candle's direction.

Sheer insanity the speed it moves at but as I said, my drug of choice.

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Re: Journey of the ES - Wannalearn12

Postby Mr. Hyde » Wed May 16, 2018 9:12 am

LeMercenaire wrote:
LeMercenaire wrote:
Mr. Hyde wrote:[color=#FF0000]hey Lem you ever heard of the "real deal" trade setup[/color]. Its out a Kathy Lein's book. Basically its a high (low) set during the Frankfurt 1hr open, price then reverses and makes a low (high). Then the setup is to sell the break of the extreme that was set during the Frankfurt open. I believe is had a 20 pip sl and 40 pip target.

I only ask cuz supposedly its based on UK traders looking at the books and running price one way and then the other to clear all the stops out and then moving price in their direction.

Figured I would ask since you had been there and done that.


Haven't heard it called that but it's a pretty standard move. It can overlap with The K-Gap, which works on the same underlying principle of move and reverse and I used a variant of it for my FrankenBreak. That took contraction overnight leading into the Frankie Open and ran what wasn't far off a Buy Zone from the m15 tf.

You've got to get up an hour earlier though :P


In fact, if I think about it, I'm probably taking advantage of this when I run my DAX-Monster trade in the morning. WZ over the 2-Hr block 06:00 - 08:00 uk time. I look for a move back inside the block as a reaction to the previous candle's direction.

Sheer insanity the speed it moves at but as I said, my drug of choice.


Ah no biggie as Im already up from trading the Asian session. I figured you would be familiar to it or something like it.

I remember you mentioning the Frankenbreak once before. Is that what you used on EG?

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Re: Journey of the ES - Wannalearn12

Postby Mr. Hyde » Wed May 16, 2018 1:45 pm

took the short DC style at 8am close. but you can see the nice support level. So when we got a green candle I took that long to cover the lost, then took the break of the open of the 8am candle, then also took the break of the 15m bar once 9:30 hit. Out at 14.5 for 2/3's of my positions.

US500IndexM15.png516.png
US500IndexM15.png516.png (36.46 KiB) Viewed 345 times


Lem you turned me into a ES addict.

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Re: Journey of the ES - Wannalearn12

Postby Mr. Hyde » Wed May 16, 2018 2:01 pm

Back in at 2715, out at 2718.

I feel like a real live scalper, haha.

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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Wed May 16, 2018 7:36 pm

Mr. Hyde wrote:
LeMercenaire wrote:
LeMercenaire wrote:
Haven't heard it called that but it's a pretty standard move. It can overlap with The K-Gap, which works on the same underlying principle of move and reverse and I used a variant of it for my FrankenBreak. That took contraction overnight leading into the Frankie Open and ran what wasn't far off a Buy Zone from the m15 tf.

You've got to get up an hour earlier though :P


In fact, if I think about it, I'm probably taking advantage of this when I run my DAX-Monster trade in the morning. WZ over the 2-Hr block 06:00 - 08:00 uk time. I look for a move back inside the block as a reaction to the previous candle's direction.

Sheer insanity the speed it moves at but as I said, my drug of choice.


Ah no biggie as Im already up from trading the Asian session. I figured you would be familiar to it or something like it.

I remember you mentioning the Frankenbreak once before. Is that what you used on EG?


Yeah, EG specifically, though I had noticed it also suited GN (another mental mover) and CJ of all things. A few folks have been asking about the method lately, I'll need to think about dragging it out the back of the cupboard.

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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Wed May 16, 2018 7:53 pm

Evenin' all.

I have been in-and-out all day and having to snip what I could. The Flip wasn't one of the gang today, unfortunately.

Looking at the chart - but without drilling down into the lower time-frames - it seems as though although it didn't flip completely, you had enough of a retrace move back inside to get you your target.

The Upper Wick was probably too big to look at waiting on a break of the High and seeing the major Supply Zone up there at almost the same level, you'd be a bit of a dafty to try and go long there.

500-Flip
.US500.H1as500-Flip16thMay18notfullflipbutstillgood.png
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Inked.US500.H1as500-Flip16thMay18notfullflipbutstillgood_LIcrop.jpg
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Now, you could, of course have taken the rebound back down out of same Supply Zone :D

(Which was also a TS 1-2-3. Entry marked with red circle).

.US500.H1aspicture-perfect1-2-3May16th18withmarkedentry.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Thu May 17, 2018 8:13 pm

1-2-3 dropped into my lap while doing pre-flight checks for The Flip.

Couldn't have asked for it nicer, especially as it also gave the test of the extreme (High) this time as a better example of the play than yesterday's example.

.US500.H1as1-2-3May17th18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Thu May 17, 2018 8:34 pm

Now, this gave me a little pause for thought, as going full reverse on The Flip in the next couple of bars would be contra to the 1-2-3 in full flow.

However, it doesn't mean that The Flip couldn't still come into play as a bit of retrace action. As it turns out, that's exactly what happened.

The chance of a large move back North was also less likely when you took into consideration the fact that that would have meant price moving back into the Upper DWZ. This gave me a natural tp point.

Once that move Long (trade #1) was done-and-dusted, you then got the expected break of the low for big bucks (trade #2).

All-in-all, pretty sweet stuff.

500-Flip (18:00 Flips 17:00)
.US500.H1asFlip17thMay18.png
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Re: Journey of the ES - Wannalearn12

Postby LeMercenaire » Fri May 18, 2018 10:26 pm

I didn't get to flip The Flip today. Out in the sun instead.

Looks like it would have gone ok. Long WZ move into the body.

500-Flip
.US500.H1as500-Flip18thMay18.png
.US500.H1as500-Flip18thMay18.png (41.75 KiB) Viewed 225 times


Inked.US500.H1as500-Flip18thMay18_LIcrop.jpg
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As an aside, how about playing the zone, or the lower edge of the zone? Endless fun...

.US500.H1couldhaveplayedthezonehere18thMay18.png
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Re: Journey of the ES - Wannalearn12

Postby achooblessyou » Sun May 20, 2018 4:41 pm

LeMercenaire wrote:
Mr. Hyde wrote:
LeMercenaire wrote:
In fact, if I think about it, I'm probably taking advantage of this when I run my DAX-Monster trade in the morning. WZ over the 2-Hr block 06:00 - 08:00 uk time. I look for a move back inside the block as a reaction to the previous candle's direction.

Sheer insanity the speed it moves at but as I said, my drug of choice.


Ah no biggie as Im already up from trading the Asian session. I figured you would be familiar to it or something like it.

I remember you mentioning the Frankenbreak once before. Is that what you used on EG?


Yeah, EG specifically, though I had noticed it also suited GN (another mental mover) and CJ of all things. A few folks have been asking about the method lately, I'll need to think about dragging it out the back of the cupboard.


Let me know about GN and CJ, sometimes EG is a slowpoke, might be worth it with the larger daily range on that crazy pair (GN)

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