Islander and Medici trade the European open | Page 270 | Forex Factory

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Islander and Medici trade the European open

  • #5,381
  • Nov 13, 2017 8:22am Nov 13, 2017 8:22am
Plenty of action today - here after lunch....increased volumes especially in WRBs.....around levels tell the tale....
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Trading Levels with WRBs
  • #5,382
  • Nov 21, 2017 2:52am Nov 21, 2017 2:52am
Another great morning for trading the Dax

Buy the initial Higher Low and either hold - for 100+ points, or take profits - I watch for increased volumed spikes up. As my old friend Tom Williams reminded me, weakness appears in higher volumed pushes up Then buy the Pull Back to a prior level....

Now we see a Lower High, so change to the short side, but be careful as the ribbon is still green. Safer to take a break!
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Trading Levels with WRBs
  • #5,383
  • Nov 21, 2017 7:04am Nov 21, 2017 7:04am
Dow and NQ moved swiftly up after the NYSE Open, taking Dax with them.

The M1 14:40 a WRB with UHV was the warning and the profit takers stepped in - not surprising after the 187 pts rally off the early low....
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Trading Levels with WRBs
  • #5,384
  • Nov 21, 2017 11:27pm Nov 21, 2017 11:27pm
Nice analysis as usual Islander, your not preaching to an empty room - the silent parishioners are always here, just not logged in!.
doc
  • #5,385
  • Dec 3, 2017 7:10pm Dec 3, 2017 7:10pm
Do you guys/gals have Live money on these strategies? If so I would like to see the stats for verification and profitable expectations. This strategy looks interesting, but dont want to waste my time on it if not verified with results.
Thanks
  • #5,386
  • Dec 8, 2017 2:20am Dec 8, 2017 2:20am
Quoting Dr.Scalpall
Nice analysis as usual Islander, your not preaching to an empty room - the silent parishioners are always here, just not logged in!. doc

Hi Doc - thanks and greetings to you and all of our "old" friends. Just swinging bye to keep our old tghread alive
Trading Levels with WRBs
  • #5,387
  • Dec 8, 2017 2:29am Dec 8, 2017 2:29am
Quoting PippinUSA150
Do you guys/gals have Live money on these strategies? If so I would like to see the stats for verification and profitable expectations. This strategy looks interesting, but dont want to waste my time on it if not verified with results. Thanks

Both Medici and I trade live accounts - although these days using different methodologies. My trades are usually posted live in a private Dax room and - as with any system - my results depend on my level of concentration, discipline and mood.

I see that you are searching many threads - I guess looking a system that fits your needs.

Here are two trades I have taken this morning using a system that I developed some years ago with Sonicdeejay in his old thread. Trade in the direction of the Three Dragons and enter close to the Big Dragon - aka 40 / 50 ribbon. It is a good solid system that gives several trades a day off the M 1 time frame.

Good trading
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Trading Levels with WRBs
  • #5,388
  • Dec 8, 2017 3:00am Dec 8, 2017 3:00am
Here's another trade.....wait for price to pull back to The Dragon ( ribbon ) and buy with price starts to bounce up off it....bank at the outer band...

PS Now Dragons turning flat and its near noon in Daxland....price may pull back to the Third Dragon
Attached Image
Trading Levels with WRBs
  • #5,389
  • Dec 8, 2017 3:14am Dec 8, 2017 3:14am
Quoting Islander
{quote} Both Medici and I trade live accounts - although these days using different methodologies. My trades are usually posted live in a private Dax room and - as with any system - my results depend on my level of concentration, discipline and mood. I see that you are searching many threads - I guess looking a system that fits your needs. Here are two trades I have taken this morning using a system that I developed some years ago with Sonicdeejay in his old thread. Trade in the direction of the Three Dragons and enter close to the Big Dragon -...
Is a great system,
sometimes i used it combined with stoch and macd on my renko chart setup for Dax.

Best
  • #5,390
  • Dec 8, 2017 4:11am Dec 8, 2017 4:11am
Oh, the almost 8 year old thread is still alive And the Santa rally has started

News from me is that I am back to time-based charts after an extended stay in tick-land. I've been inspired by parisboy's thread and done some R&D. The relation between time and price is essential, as Gann said, and the magic number is 4
  • #5,391
  • Dec 8, 2017 4:15am Dec 8, 2017 4:15am
Plenty of tens available in Medici's 'bolly band cloud' allbeit on a 10sec chart?
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  • #5,392
  • Dec 8, 2017 4:21am Dec 8, 2017 4:21am
Quoting Dr.Scalpall
Plenty of tens available in Medici's 'bolly band cloud' allbeit on a 10sec chart? {image}
Oh, that's too much for my nerves... But I do use a 30s chart for entries.
  • #5,393
  • Dec 8, 2017 4:29am Dec 8, 2017 4:29am
Quoting medici
{quote} Oh, that's too much for my nerves... But I do use a 30s chart for entries.
you know me - Gambler not a trader, best to know the consequences of my actions sooner rather than later!.
  • #5,394
  • Dec 8, 2017 5:17am Dec 8, 2017 5:17am
[quote=matmomo;10572775]{quote} Is a great system, sometimes i used it combined with stoch and macd on my renko chart setup for Dax. Best

Indeed it is and I like to use and envelope to remind me when price is in OB / OS territory - keeps my attention on the price chart
Trading Levels with WRBs
  • #5,395
  • Dec 8, 2017 5:26am Dec 8, 2017 5:26am
Quoting medici
Oh, the almost 8 year old thread is still alive And the Santa rally has started News from me is that I am back to time-based charts after an extended stay in tick-land. I've been inspired by parisboy's thread and done some R&D. The relation between time and price is essential, as Gann said, and the magic number is 4

Great that posting a couple of charts has brought our old thread out of hibernation

Also great that you are back on time-based charts so that we are once again on the same page time-wise. ... I still use that simplified esoteric use of time that we researched a few years back......so now I'll take a look at PBs thread and see if this time Gann can help me

Cheers

PS I use a 20 seconds chart to help with entries around levels & times....like the 13:30 GMT T/L that's due in a few moments....
Trading Levels with WRBs
  • #5,396
  • Dec 8, 2017 6:07am Dec 8, 2017 6:07am
Quoting Islander
{quote} Both Medici and I trade live accounts - although these days using different methodologies. My trades are usually posted live in a private Dax room and - as with any system - my results depend on my level of concentration, discipline and mood. I see that you are searching many threads - I guess looking a system that fits your needs. Here are two trades I have taken this morning using a system that I developed some years ago with Sonicdeejay in his old thread. Trade in the direction of the Three Dragons and enter close to the Big Dragon -...
Dear Islander,

That is very similar to my system. I even borrowed you MA ribbon to simplify my system. I have a request: Is it possible to get a version of the MA ribbon with a op-up alet and even plus with a push notification.

Thanks in advance.
Imparo ancora
  • #5,397
  • Dec 8, 2017 6:43am Dec 8, 2017 6:43am
Quoting erksa
{quote} Dear Islander, That is very similar to my system. I even borrowed you MA ribbon to simplify my system. I have a request: Is it possible to get a version of the MA ribbon with a op-up alet and even plus with a push notification. Thanks in advance.
Sorry, I dont have one and dont know if such a version exists.

You could use a "price crosses MA" type of indicator with different settings.....some of these have alerts...
Trading Levels with WRBs
  • #5,398
  • Edited 3:57am Jan 10, 2018 3:43am | Edited 3:57am
FF News this morning.....this may mark the high in Dow, Dax, NQ etc......watch this afternoon's action. Needs confirmation!


"China Officials Said To Recommend Slowing Or Halting Treasury Buying"
Trading Levels with WRBs
  • #5,399
  • Mar 14, 2018 4:04am Mar 14, 2018 4:04am
I think its time for our old thread to have a couple of posts:

I really like how the S20 chart picks out detail that is missed by a M1 chart - especially on volume (OK, its tick) and WRBs (Wider Ranged Bodies).

Learning to read this PA really helps my trading.

FYI, the BBs are there only to show when there is a "pinch" - often before a move and the envelope acts as an OB / OS reminder. Neither are essential to trading off this chart which is only my S20 version of what I have posted many times before on M1

PS To quote m old friend Tom Williams - RIP Tom - increased volume (activity) leads (alerts us) to possible moves in price
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Trading Levels with WRBs
  • #5,400
  • Mar 14, 2018 5:10am Mar 14, 2018 5:10am
Quoting Islander
I think its time for our old thread to have a couple of posts: I really like how the S20 chart picks out detail that is missed by a M1 chart - especially on volume (OK, its tick) and WRBs (Wider Ranged Bodies). Learning to read this PA really helps my trading. FYI, the BBs are there only to show when there is a "pinch" - often before a move and the envelope acts as an OB / OS reminder. Neither are essential to trading off this chart which is only my S20 version of what I have posted many times before on M1 PS To quote m old friend Tom Williams -...
DAX 5 Days / 5 minutes
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