Islander and Medici trade the European open 6,840 replies
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DislikedWere getting some nice action for scalps atleast today I suppose. I haven't managed any greater than 20pips so far though. And im scared to stop and write a post because its so unstable lol.Ignored
Dislikedthanks for all the analysis everyone, I missed the buy, (scaredy cat) but it was classic as per your original chart examples of typical pre London trading Medici. In general, I got the bias/targets right, tho didn't sit in trades long enough to profit greatly, but still better than I have done for a while.
Price respected the pivots levels to the tee, and eventually I noticed a descending channel on min 5 cable, which lent more confidence to sell.
So thank you so much again, off to attempt strategy tester shortly!
Good luck everyone,...Ignored
DislikedBoth cable and € had nice 50 pip rallies off the lows that mentioned in my last post.
In both cases there were Higher Lows around pivot levels - MS2 in cable, ian earlier support area too - and the S1 in €. These were easier, less risky entries.
Now both are in pull backs off their respective 50 sweet spots.....I'll be watching the 5m 30ema area for another possible buy......TWTIgnored
DislikedClosed for a few more pips as price stalled at yesterdays low - I'm not happy holding out for more as I'm getting mixed signals and I'm now well above my daily quota http://cdn.forexfactory.com/images/icons/icon7.gifIgnored
DislikedI'm out and in again. A good bunch of sell orders taken out at 5950 which might prove helpful. Note that the 5927 level is the 76.4% retracement of the end of Dec up move.Ignored