Islander and Medici trade the European open

Quoting Islander

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{quote} 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

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Quoting Islander

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Here's a more detailed look at the action around the turn at 08:40 GMT on Friday morning...... 1. Pre London Open there was a Lower High followed by the Wide Ranged Body - a red Marubozo (M) + vol increased 2. A Very High Volume (activity) BUT a narrower range.....must be some hidden buying / profit taking 3. A WRB M held at the **25 Sweet Spot.....No Demand to push down followed by 5 green = buying / profit taking 4. Another red WRB M on increased volume - followed immediatly by an equal volumed green doji = indecision 5. A narrow ranged red M...

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Quoting Jesse292

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{quote} What is sweet gold lvl?

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Quoting Islander

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Shortly after I posted the previous M1 chart, price made a Higher Low ABOVE the BRN at 25,200 - a clear Buy Signal for a move above yesterday's high. to the MR2 level for ~50 points.....or exit as YH failed to hold. Now we wait for the NYSE Open Price remains above the upward sloping 200 SMAs on the M1, M5 and M60 TFs. On M1 the 200SMA is flattening {image}

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