Islander and Medici trade the European open | Page 276 | Forex Factory

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Islander and Medici trade the European open

  • #5,501
  • Edited 3:39am Aug 1, 2018 2:52am | Edited 3:39am
GM - so far its been buy after S1 held in Frankies Hour, bank 15ish ~ MS 1 and then sell as price held for the third time in that area.....chart later

Edit Only 10 from that sell - insufficient activity AFK till pre ADP
Trading Levels with WRBs
  • #5,502
  • Aug 2, 2018 2:21am Aug 2, 2018 2:21am
On reviewing the action in Dax yesterday and given that its ADR is 120 vs 74 for €/$ I have switched back to the Dax.

First trade was sell after XO for 30+ as MS 2 held
Trading Levels with WRBs
  • #5,503
  • Aug 2, 2018 2:39am Aug 2, 2018 2:39am
Next sell was as the prior L ~**85 broke...+22 after a M1 WRB HV M held....chart later
Trading Levels with WRBs
  • #5,504
  • Aug 2, 2018 3:17am Aug 2, 2018 3:17am
I'm a bit rusty for Dax, but still a nice start

That's the LWMA 20 on my chart - its a good visual reminder of what NOT to trade
Attached Image (click to enlarge)
Click to Enlarge Name: aug2 dax m1 0815.png Size: 28 KB
Trading Levels with WRBs
  • #5,505
  • Aug 3, 2018 3:49am Aug 3, 2018 3:49am
From another post: [/quote]Quoting Jupiter

Volatility = Trader's Paradise (... if you know how to stay and remain on the right side of your trend!)

Me: Agreed - that MA is a visual reminder about the very short term trend

Here's the chart
Attached Image (click to enlarge)
Click to Enlarge Name: aug3 dax m1 0843.png Size: 32 KB
Trading Levels with WRBs
  • #5,506
  • Aug 3, 2018 4:01am Aug 3, 2018 4:01am
Quoting Islander
On reviewing the action in Dax yesterday and given that its ADR is 120 vs 74 for €/$ I have switched back to the Dax. First trade was sell after XO for 30+ as MS 2 held
great to see your dax charts again
  • #5,507
  • Aug 3, 2018 4:03am Aug 3, 2018 4:03am
Quoting Islander
Next sell was as the prior L ~**85 broke...+22 after a M1 WRB HV M held....chart later
do you mean the 7,20 bar? Thx
  • #5,508
  • Edited 4:27am Aug 3, 2018 4:17am | Edited 4:27am
Quoting huskyboy
{quote} do you mean the 7,20 bar? Thx
Glad you like my charts

Yes, prior L was in the 7:20 candle, I sold when it broke in the 7:31 candle

PS: The 20 or 30 LWMA is a good visual guide, especially when its flat, best to stay out. The low volumes confirm this
Trading Levels with WRBs
  • #5,509
  • Aug 3, 2018 4:38am Aug 3, 2018 4:38am
Volume alerts at 9:21 & :23 warned me of potential activity and so I placed a buy stop above the action, and I then trailed down towards the MA.

Bt on stop in the 9:30 candle for another 12 pts. Now I will take a break before the US NFP

Edit: Price now into a WRB HG on my M5

PS Dutchy Daxy uses these WRBs too - but he calls them by another name
Trading Levels with WRBs
  • #5,510
  • Aug 3, 2018 10:48am Aug 3, 2018 10:48am
Here's the next 4 KISS trades based on pull backs to the MA. Again 10 - 15 pts each, except # 9 which was +25 pts.

So 9 trades since XO with a total of 100+ pts

Check out Jupiter's trades in deltaone's thread, he did even better
Attached Image (click to enlarge)
Click to Enlarge Name: aug3 dax m1 1150.png Size: 45 KB
Trading Levels with WRBs
  • #5,511
  • Aug 3, 2018 1:15pm Aug 3, 2018 1:15pm
Quoting Islander
I have decided to share my simplified use of Tom Williams's Volume Spread Analysis for which I use the Better Volume indicator which I posted here some time ago - click on the paperclip above if you need it. Check the signals generated during yesterday's US Session on my M5 € / US $ chart attached - hint, think of them as an alert to watch what happens next The ATR indicator under the Better Volume is the standard MT4 one, with Period = 1, thus showing the Spread of each candle - the other part of VSA.....KISS Better volume Forex indicator:...
is this the explanation for the "ibettervolume" indicator?
  • #5,512
  • Aug 3, 2018 11:08pm Aug 3, 2018 11:08pm
Quoting Islander
... Price now into a WRB HG on my M5

Nice observation, Sir.
It is a pleasure to talk to you.
I regularly follow and read your contributions, always with extreme pleasure and interest..., since your old posts on fti' Thread.
Yes, I met you there.

If I may,
WRB... Wide Range Bar Analysis is important also in my personal trading style.
But to me they are nothing more that Hidden Gaps (Nison's Gap Window)

Liquidity – Volatitily
Liquidity ponds
Efficiency-Inefficiency
Contraction-Expansion
Banks Order Flow and Purchasing and Price Deliver Technique...
Volume per Bar and per Wave ...etc
They are, to me, all small fundamental pieces of the Big Puzzle that Market Comprehension and “Successful Trading” are.

Years and years of suffering, frustration, research and study... and at the end... some (SOME) light.
  • #5,513
  • Aug 3, 2018 11:41pm Aug 3, 2018 11:41pm
Quoting Islander
Here's the next 4 KISS trades based on pull backs to the MA. Again 10 - 15 pts each, except # 9 which was +25 pts. So 9 trades since XO with a total of 100+ pts Check out Jupiter's trades in deltaone's thread, he did even better {image}

1) What I have learnt in all these years is that: "Market tells everything! She speaks, speaks, speaks... and we simply don't understand!"
2) I think that, to make a long story short, successful traders see the Market more or less in the same way.
They got/grasped some evidence of its invisible and underlying structure
and they found a good Mental Map and a Compass to navigate through the waves in safety.
Through the same pillars (maybe called under different names) we recognize the differences in their personal Style.
(Main References, Entry and managing technique.)
The common substance, the true meat... could be "wildly" reduced to:
"Want what the Market wants."
Locked inside of those five simple words is the secret for uncompromising power and effortless trading. - Bill Williams

Follow. Never Lead. Obey. Don't fight.
  • #5,514
  • Aug 4, 2018 3:30am Aug 4, 2018 3:30am
Quoting huskyboy
{quote} is this the explanation for the "ibettervolume" indicator?

Its in my post #5474 Page 274
Trading Levels with WRBs
  • #5,515
  • Aug 4, 2018 3:45am Aug 4, 2018 3:45am
Quoting Jupiter
{quote} Nice observation, Sir. It is a pleasure to talk to you. I regularly follow and read your contributions, always with extreme pleasure and interest..., since your old posts on fti' Thread. Yes, I met you there. If I may, WRB... Wide Range Bar Analysis is important also in my personal trading style. But to me they are nothing more that Hidden Gaps (Nison's Gap Window) Liquidity – Volatitily Liquidity ponds Efficiency-Inefficiency Contraction-Expansion Banks Order Flow and Purchasing and Price Deliver Technique... Volume per...
Ah FTI's thread, yes I was there some years back and learnt a lot from FTI - I hope he's still well and enjoying retirement. That's why some of your comments in Deltone's thread were familiar

I agree that WRB HGs are just areas that we expect to be revisited and are just another piece of the bigger puzzle and yes, I does take years in front of the screen to start to "see" the market.

Here, I am posting simple ideas around Pull Backs to an MA. IF other like-minded traders show interest, I may expand on some of the other inputs that I use, most of which have been posted here before......but then a trader is always refining his technique
Trading Levels with WRBs
  • #5,516
  • Aug 4, 2018 3:53am Aug 4, 2018 3:53am
Quoting Jupiter
{quote} 1) What I have learnt in all these years is that: "Market tells everything! She speaks, speaks, speaks... and we simply don't understand!" 2) I think that, to make a long story short, successful traders see the Market more or less in the same way. They got/grasped some evidence of its invisible and underlying structure and they found a good Mental Map and a Compass to navigate through the waves in safety. Through the same pillars (maybe called under different names) we recognize the differences in their personal Style. (Main References,...

Well put and of course, ANY quote from Bill Williams should be noted and respected. We are just the little guys, trying our best to interpret
the actions of the Big Boys - aka Smart Money - and follow their moves to the best of our ability
Trading Levels with WRBs
  • #5,517
  • Aug 4, 2018 4:37am Aug 4, 2018 4:37am
Quoting Islander
{quote} Well put and of course, ANY quote from Bill Williams should be noted and respected. We are just the little guys, trying our best to interpret the actions of the Big Boys - aka Smart Money - and follow their moves to the best of our ability
  • #5,518
  • Aug 6, 2018 4:10am Aug 6, 2018 4:10am
This morning I'm short of time and energy.......chart says it all......MA & KISS
Attached Image (click to enlarge)
Click to Enlarge Name: aug6 dax m1 0908.png Size: 33 KB
Trading Levels with WRBs
  • #5,519
  • Aug 17, 2018 6:09am Aug 17, 2018 6:09am
In these dog days of summer, with the thermometer staying above 30º today's thunderstorms keep me indoors, so here's a nice bit of activity in Dax...

A clear sell mid morning after that Lower High gave a 70 pt fall into that support area from yesterday. The high volumed semi spinning top at 9:50 told us that profit taking was happening. Two candles later the even higher volumed green hammer type candle told us that the SM were buying - after the Ultra HV m1 hammer at 10:02 I joined them

Now we wait to see if / when the price breaks the 12,210 area.....that may not be untill the US traders wake up....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: aug17 dax m5 1056.png Size: 36 KB
Trading Levels with WRBs
  • #5,520
  • Aug 17, 2018 11:47am Aug 17, 2018 11:47am
Quoting Islander
In these dog days of summer, with the thermometer staying above 30º today's thunderstorms keep me indoors, so here's a nice bit of activity in Dax... A clear sell mid morning after that Lower High gave a 70 pt fall into that support area from yesterday. The high volumed semi spinning top at 9:50 told us that profit taking was happening. Two candles later the even higher volumed green hammer type candle told us that the SM were buying - after the Ultra HV m1 hammer at 10:02 I joined them Now we wait to see if / when the price breaks the 12,210...
Hi Islander,

Here's the Indicator you where asking for.
Attached File(s)
File Type: ex4 Daily_Range_Stats.ex4   22 KB | 325 downloads
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