Islander and Medici trade the European open | Page 275 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Highest Open / Lowest Open Trade 21,152 replies

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Getting a handle to open trades in the open trade tab 3 replies

EA to open trade on Next Candle open (help please) 4 replies

Medici trades the London open 435 replies

Attachments: Islander and Medici trade the European open
Exit Attachments

Islander and Medici trade the European open

  • #5,481
  • Edited 11:03am Jul 30, 2018 10:51am | Edited 11:03am
After LO price held at the DP in a HV M5 hammer, so buy in the next candle.

1.6992 was a confluence of a PP & R2 so bank some and wait for the US traders.

Add back after the first / second HL and bank some again this time at the 1.17108 POC

Add back at the BRN and close all ~the **15 SS....price up a bit on LVs

NB The coloured zones are from my S&R indicator that updates specific rectangles on my chart and changes the colour as necessary. Posted here a bit ago.
Attached Image (click to enlarge)
Click to Enlarge Name: jly30 € m5 f cls.png Size: 40 KB
Trading Levels with WRBs
  • #5,482
  • Edited 1:53am Jul 31, 2018 1:21am | Edited 1:53am
The use of volumes - yes, its only tick, but its > 90% corrolated with the futures volumes - helps us workout when the Big Boys - aka Smart Money - are active. As HiddenGap often says, "elefants can't hide their foot prints"

I've attached a word doc explaining my settings for the Better Volume indy that I use on my MT4 charts - I hope some find it helpful. All of the turns on my M5 chart above of yesterday's European action were signalled by a coloured volume bar, as was the low at 4:05 this morning

Edit: apologies - Word Doc now attached!
Attached File(s)
File Type: doc Islander and Better Volume.doc   22 KB | 415 downloads
Trading Levels with WRBs
  • #5,483
  • Jul 31, 2018 2:11am Jul 31, 2018 2:11am
Quoting Islander
The use of volumes - yes, its only tick, but its > 90% corrolated with the futures volumes - helps us workout when the Big Boys - aka Smart Money - are active. As HiddenGap often says, "elefants can't hide their foot prints" I've attached a word doc explaining my settings for the Better Volume indy that I use on my MT4 charts - I hope some find it helpful. All of the turns on my M5 chart above of yesterday's European action were signalled by a coloured volume bar, as was the low at 4:05 this morning Edit: apologies - Word Doc...
All thanks man, God bless you
  • #5,484
  • Jul 31, 2018 2:17am Jul 31, 2018 2:17am
Change "Consolidation" on my chart to "Accumulation" as some AustroAsian SM got ready for the 30+ pip run up after LO.....buying around 4:10 gmt and again just before LO
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m5 lo.png Size: 32 KB
Trading Levels with WRBs
  • #5,485
  • Jul 31, 2018 2:29am Jul 31, 2018 2:29am
Note the falling Dark Orchid coloured trend line from my daily chart - its important and price has just touched it......and there is a Magenta HV Better Vol bar for Frankies Hour - that's a very rare signal.....mmm
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € hrly lo.png Size: 51 KB
Trading Levels with WRBs
  • #5,486
  • Jul 31, 2018 2:46am Jul 31, 2018 2:46am
Quoting Islander
Note the falling Dark Orchid coloured trend line from my daily chart - its important and price has just touched it......and there is a Magenta HV Better Vol bar for Frankies Hour - that's a very rare signal.....mmm {image}
we are sitting at the highs of that UHVC from 26.07 that was supply candle, as quite big down move was fallowed. I would not be long until we brake the highs of that candle. yesterday it seems there was buying as after HVC followed up move and today on Asia it looks like a test. Probably will be range till it will broke to upside. although on 1h potential 2BR will print.
Whats your thoughts?

p.s.
why you use ATR1?
The more you learn the more you earn
  • #5,487
  • Edited 3:19am Jul 31, 2018 3:02am | Edited 3:19am
Quoting freemind
{quote} we are sitting at the highs of that UHVC from 26.07 that was supply candle, as quite big down move was fallowed. I would not be long until we brake the highs of that candle. yesterday it seems there was buying as after HVC followed up move and today on Asia it looks like a test. Probably will be range till it will broke to upside. although on 1h potential 2BR will print. Whats your thoughts? p.s. why you use ATR1?

As I trade off the M5 chart, I have already been long , banked and reversed after a Lower H. I just follow my signals - HV & WRB ~levels and try not to get involved with anything other than the action as it unfolds. I look at my hourly before trading for levels and then rarely, although I do keep track of the M15.

ATR 1 just shows the height (range) of each candle and thus high-lights WRBs

Edit: I should say that I do look for WRBs & WRB HGs on my hourly, M15 & M5 charts as well as using Market Profile for POC levels

Edit 2: I should also say that whilst I mainly trade off the M5 chart, I rarely chart watch as I have audio alerts set and get back to my screen when alerted
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m5 0755.png Size: 41 KB
Trading Levels with WRBs
  • #5,488
  • Jul 31, 2018 3:43am Jul 31, 2018 3:43am
Alerts just called me back - I already closed my last buy at 8:14 for +10 ( so far total is +38) - now thinking about data in ~15 min - and flat
Trading Levels with WRBs
  • #5,489
  • Jul 31, 2018 3:53am Jul 31, 2018 3:53am
Quoting Islander
{quote} As I trade off the M5 chart, I have already been long , banked and reversed after a Lower H. I just follow my signals - HV & WRB ~levels and try not to get involved with anything other than the action as it unfolds. I look at my hourly before trading for levels and then rarely, although I do keep track of the M15. ATR 1 just shows the height (range) of each candle and thus high-lights WRBs Edit: I should say that I do look for WRBs & WRB HGs on my hourly, M15 & M5 charts as well as using Market Profile for POC levels Edit 2: I should also...
ok, I saw pdf in files section about WRB and hidden haps, will not ask questions on that (as I have not read that book, but will do) but just from VSA perspective usually the place where WRB is there is high vol and around that area can be found some good trades, as Pres78 traded previous days HVC on 1h and action around that. I have read 20 pages of this thread and to me is interesting that you trade from 5min and that you use market profile and vol at the same time. you set your alarms around WRB, pivot points and s&r levels that was generated by your indi..?
The more you learn the more you earn
  • #5,490
  • Jul 31, 2018 4:16am Jul 31, 2018 4:16am
Quoting Islander
Price now filling that WRB HG {image}
Hi inlander
What do you mean by WRB HG
  • #5,491
  • Jul 31, 2018 4:18am Jul 31, 2018 4:18am
Quoting freemind
{quote} ok, I saw pdf in files section about WRB and hidden haps, will not ask questions on that (as I have not read that book, but will do) but just from VSA perspective usually the place where WRB is there is high vol and around that area can be found some good trades, as Pres78 traded previous days HVC on 1h and action around that. I have read 20 pages of this thread and to me is interesting that you trade from 5min and that you use market profile and vol at the same time. you set your alarms around WRB, pivot points and s&r levels that was generated...
WRBs are of course, the Spread part of Tom Williams's VSA and are also part of HiddenGap's work on WRB HGs - I've followed his posts for some time and also remember looking at some of Pres78s too.

I look at MP - usually on my higher TF charts - as part of my pre FO work up and place those POCs in red. I have another short term POC indicator that has been coded by a friend in our live Dax trading room which is often helpful - Dk Violet level.

My main audio alerts are now volume based as I really only want to take a look when the SM may be about

My updating S&R levels from another indy coded for me and posted here some time ago is a nice way of keeping track of prior levels of interest, especially on the lower TFs
Trading Levels with WRBs
  • #5,492
  • Jul 31, 2018 4:18am Jul 31, 2018 4:18am
Quoting wbemsms
{quote} Hi inlander What do you mean by WRB HG
wide range bar hidden gap. there is pdf in files about that
The more you learn the more you earn
  • #5,493
  • Jul 31, 2018 4:21am Jul 31, 2018 4:21am
Quoting wbemsms
{quote} Hi inlander What do you mean by WRB HG
Its a candle (bar) with a Wide Rnged Body that may also be defined as a Hidden Gap. Click on the blue paperclip above and you'll find the Word Doc that I recently posted on the subject
Trading Levels with WRBs
  • #5,494
  • Jul 31, 2018 4:23am Jul 31, 2018 4:23am
Quoting freemind
{quote} wide range bar hidden gap. there is pdf in files about that
Trading Levels with WRBs
  • #5,495
  • Jul 31, 2018 4:24am Jul 31, 2018 4:24am
Quoting Islander
{quote} Its a candle (bar) with a Wide Rnged Body that may also be defined as a Hidden Gap. Click on the blue paperclip above and you'll find the Word Doc that I recently posted on the subject
Ok thanks
  • #5,496
  • Jul 31, 2018 5:08am Jul 31, 2018 5:08am
€ data close to expected, SM hardly active. Now in Euroland we're thinking about lunch before the US traders arrive at their desks...
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m5 1005.png Size: 33 KB
Trading Levels with WRBs
  • #5,497
  • Jul 31, 2018 6:52am Jul 31, 2018 6:52am
Quoting Islander
€ data close to expected, SM hardly active. Now in Euroland we're thinking about lunch before the US traders arrive at their desks... {image}

But then my M1 alert sounded in that VLV candle at 10:55 gmt, so a quick look at M5 & M1, place a buy stp above that blue MA and I got in for the next push up.

The next alert was at 11:14 in that HV green WRB - a shooting star - which was followed by a blue volume bar which tells us that there is a battle between buyers & sellers.....and price is up into that old S&R zone, so tighten my SL and two mins later I am closed out for +12.
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m1 1143.png Size: 40 KB
Trading Levels with WRBs
  • #5,498
  • Edited 8:25am Jul 31, 2018 7:58am | Edited 8:25am
At 12:30 chart time ( 8:30 am NY ) there was a news driven VHV spike back up to that S&R zone which failed to breakout upwards.....I sold a few minutes later after the second attempt failed. OK its early, but its WHERE I have an S&R level and I'm only looking for 15 - 20 pips down to a POC level from today's earlier action....

Edit: M1 UltraWB + UHV red marabuzo to the confluence of the **15 & a POC - banked 25.

Place a Sell stp below in case this level fails

Edit: it did and I got a few more as it hit my 1.1706 level
Trading Levels with WRBs
  • #5,499
  • Jul 31, 2018 8:36am Jul 31, 2018 8:36am
Chart update...
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m5 1334.png Size: 46 KB
Trading Levels with WRBs
  • #5,500
  • Jul 31, 2018 8:51am Jul 31, 2018 8:51am
Also M1 because it shows reducing volumes in each push down into the low at 13:16 and also that BV failed to colour the higher vol in the 13:25 bar.......its does have some limitations!
Attached Image (click to enlarge)
Click to Enlarge Name: jly31 € m1 1344.png Size: 26 KB
Trading Levels with WRBs
0 traders viewing now