Islander and Medici trade the European open | Page 284 | Forex Factory

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Islander and Medici trade the European open

  • #5,661
  • Sep 11, 2018 8:00am Sep 11, 2018 8:00am
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  • #5,662
  • Sep 12, 2018 6:58am Sep 12, 2018 6:58am
Quite some volume coming in down here Distribution, and then accumulation ahead of tomorrow's ECB rally?
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  • #5,663
  • Sep 13, 2018 3:18am Sep 13, 2018 3:18am
Quoting medici
Quite some volume coming in down here Distribution, and then accumulation ahead of tomorrow's ECB rally? {image}

Wow - you posting volume....

2 x KwOz PPs line up with the fib 38% & 50%..
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,664
  • Sep 13, 2018 7:30am Sep 13, 2018 7:30am
Quoting medici
{quote} Also, you can use SuperTrend as entry trigger on tick charts, and get the best of both worlds - RBs and tick charts.
Basic Range bar on Dax - further food for thought ?
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every Saint has a past. Every Sinner has a Future
  • #5,665
  • Sep 13, 2018 12:20pm Sep 13, 2018 12:20pm
Quoting turnip15
{quote} Basic Range bar on Dax - further food for thought ? {image}
It's the DJi, but ok

What I'm thinking is to make life easy and put a WMA channel around it. Here a 30 period channel with a 20 point band.
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  • #5,666
  • Sep 14, 2018 2:00am Sep 14, 2018 2:00am
GM - I too use envelopes on my M5 & M1 charts

All US indices well up in early European trading.....Dax heading down as I post....????
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,667
  • Sep 14, 2018 4:37am Sep 14, 2018 4:37am
Quoting medici
{quote} It's the DJi, but ok What I'm thinking is to make life easy and put a WMA channel around it. Here a 30 period channel with a 20 point band. {image}
AAAAgh - I tried to alter the post but you beat me to it. Senior moment :-)
Will look at your suggestion.
Had a look at dax today, using a five pip Range bar which seemed a bit wild today. Ten pips seems to smooth things out a bit but it still thrashes about if not careful. DJ does seem to present a calmer chart ?
every Saint has a past. Every Sinner has a Future
  • #5,668
  • Sep 14, 2018 4:46am Sep 14, 2018 4:46am
Quoting turnip15
{quote} AAAAgh - I tried to alter the post but you beat me to it. Senior moment :-) Will look at your suggestion. Had a look at dax today, using a five pip Range bar which seemed a bit wild today. Ten pips seems to smooth things out a bit but it still thrashes about if not careful. DJ does seem to present a calmer chart ?
Here's DAX with a 4 point candle, a 16 point wide WMA30 channel, 6 period T3MA, and a WMA100 for longer term trend.
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  • #5,669
  • Sep 14, 2018 5:11am Sep 14, 2018 5:11am
Quoting medici
{quote} Here's DAX with a 4 point candle, a 16 point wide WMA30 channel, 6 period T3MA, and a WMA100 for longer term trend. {image}
What are the green and yellow lines please?
Is one of them a triangular moving average?
Thanks
every Saint has a past. Every Sinner has a Future
  • #5,670
  • Sep 14, 2018 5:32am Sep 14, 2018 5:32am
Quoting turnip15
{quote} What are the green and yellow lines please? Is one of them a triangular moving average? Thanks
See previous post. Green = WMA30, Yellow = T3MA6
  • #5,671
  • Sep 14, 2018 6:44am Sep 14, 2018 6:44am
Quoting medici
{quote} See previous post. Green = WMA30, Yellow = T3MA6
Yes -30wma I get; But the term T3 ?
Sorry to be obtuse.
every Saint has a past. Every Sinner has a Future
  • #5,672
  • Sep 14, 2018 8:24am Sep 14, 2018 8:24am
Quoting turnip15
{quote} Yes -30wma I get; But the term T3 ? Sorry to be obtuse.
It's a smoother MA. I believe you should be able to find it earlier on this thread, from before 2012.

See also https://www.forexfactory.com/attachm...0&d=1151661123
  • #5,673
  • Sep 14, 2018 11:33am Sep 14, 2018 11:33am
T3MA
Attached File(s)
File Type: txt T3MA.mq4.txt   3 KB | 290 downloads
  • #5,674
  • Sep 18, 2018 7:02am Sep 18, 2018 7:02am
Quoting Islander
GM - I too use envelopes on my M5 & M1 charts All US indices well up in early European trading.....Dax heading down as I post....???? {image}
As I understand it, you use them for profit-taking. There's another approach to channel trading.

Below a SMA20 2.25 ATR channel on 1m DAX from today.

Now, what's the point of a tighter channel? More than 85% of the candles are completely contained in it, and less than 5% are completely outside it. What's the point of that? Well, it has to do with profit-taking and fading, but not with the big swings, which usually are best left to exhaust themselves.

See also https://adamhgrimes.com/library/indi...er-statistics/

Thoughts on that?
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  • #5,675
  • Sep 18, 2018 8:57am Sep 18, 2018 8:57am
Trading NAS from US Open 2 was the way to go today......here on my S20 chart...
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Trading Levels with WRBs
  • #5,676
  • Sep 18, 2018 9:05am Sep 18, 2018 9:05am
Now to see IF MAS can fill that WRB HG by putting on a further ~30 pts.....TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,677
  • Sep 18, 2018 9:19am Sep 18, 2018 9:19am
Quoting Islander
Now to see IF MAS can fill that WRB HG by putting on a further ~30 pts.....TWT {image}

Half way there....I bought the small PB for another 15 pts as price stalled ~ R1
Trading Levels with WRBs
  • #5,678
  • Sep 18, 2018 9:41am Sep 18, 2018 9:41am
Quoting medici
{quote} As I understand it, you use them for profit-taking. There's another approach to channel trading. Below a SMA20 2.25 ATR channel on 1m DAX from today. Now, what's the point of a tighter channel? More than 85% of the candles are completely contained in it, and less than 5% are completely outside it. What's the point of that? Well, it has to do with profit-taking and fading, but not with the big swings, which usually are best left to exhaust themselves. See also https://adamhgrimes.com/library/indi...er-statistics/...
Yes, but more as an alert that price is short term extended, so consider tightening my trailing SL.

As a fixed TP its too easy to miss out on these really nice runs as earlier in NQ
Trading Levels with WRBs
  • #5,679
  • Sep 18, 2018 9:54am Sep 18, 2018 9:54am
Here the outer bands / envelopes alerted me, and in the first trade, it was closed on m tightened SL in the first red candle.

In the second trade, I was tightening my SL as the volume increased in the 14:46 candle at that confluence of levels with the envelope....
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Trading Levels with WRBs
  • #5,680
  • Sep 19, 2018 3:06am Sep 19, 2018 3:06am
Quoting Islander
Now to see IF MAS can fill that WRB HG by putting on a further ~30 pts.....TWT {image}

Nicely filled in the 15:00 gmt candle......much better than today's crappy start in both NQ & Dax
Trading Levels with WRBs
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