Islander and Medici trade the European open | Page 298 | Forex Factory

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Islander and Medici trade the European open

  • #5,941
  • Jul 14, 2020 4:52am Jul 14, 2020 4:52am
Quoting siju
Hi Islander. I follow your posts for a long time trying to understand the way you trade because you make it seem so simple. I have a question if you don't mind. You'd marked a HL on this chart. Why aren't the HLs that I marked (blue arrows) valid? Does is have to do with the levels they are at? Thank you. {image}
That's because I'm just trying to high-light the main HLs / LHs as an illustration to their possible use on this "cleaned" chart and they are only a part of what I use for my trading decisions.
Trading Levels with WRBs
  • #5,942
  • Jul 14, 2020 5:11am Jul 14, 2020 5:11am
Thanks for the answer. If you don't mind could you share of hint of what you look for regarding volume at important levels?
I use order flow and volume profiles (both for the day and for specific swings that I want to see how the volume is distributed in). But I see both buy and sell orders to get hints. From your chart I see that you have just the total volume traded vs time (1m chart).

So you seem to trade on less information but milking the market. (At the same time I struggle a bit lol).
  • #5,943
  • Edited 6:00am Jul 14, 2020 5:47am | Edited 6:00am
Quoting siju
Thanks for the answer. If you don't mind could you share of hint of what you look for regarding volume at important levels? I use order flow and volume profiles (both for the day and for specific swings that I want to see how the volume is distributed in). But I see both buy and sell orders to get hints. From your chart I see that you have just the total volume traded vs time (1m chart). So you seem to trade on less information but milking the market. (At the same time I struggle a bit lol).
Whilst I did look at order flow whilst trading the ES using eSignal, here, I just post what is easily available at no cost to any in FF and using MT4 - its a KISS approach.

Take a look at my S20 chart for the first couple of hours from XO and I've highlighted some areas of interest. Note there are fewer levels on this chart for clarity, they are on my M1, M5 & M60 charts.

Also read say the last 5 or 6 pages in this thread for more input.

20,000+ hours of screen time do help

Edit: apologies, I missed marking a couple of HV WRBs - you should be able to find them!

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: jly14 dax s20 0855.png Size: 98 KB
Trading Levels with WRBs
  • #5,944
  • Jul 14, 2020 7:07am Jul 14, 2020 7:07am
Thank you. The marks on the chart make things a bit more clear. 20000+ hours really should help with that.

Best Regards
Alex
  • #5,945
  • Jul 14, 2020 10:39am Jul 14, 2020 10:39am
Nas was the leader of the fall yesterday that followed the new lockdown in California.

Here's its action so far this afternoon....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,946
  • Jul 22, 2020 2:59am Jul 22, 2020 2:59am
Posted elsewhere: Good Morning - thanks for that idea. Whilst I have an MA + envelope on my M 1 chart, I've never added one to my hourly chart. It looks like a worthwhile addition
Thanks to GDR3k
Attached Image (click to enlarge)
Click to Enlarge Name: jly22 dax m60 0737.png Size: 62 KB
Trading Levels with WRBs
  • #5,947
  • Jul 23, 2020 10:44am Jul 23, 2020 10:44am
Will we get another 50% retrace?? as always, TWT
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax m601435.png Size: 96 KB
Trading Levels with WRBs
  • #5,948
  • Jul 23, 2020 10:44am Jul 23, 2020 10:44am
Rubbish ranges yesterday and so far today
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax m1 1105.png Size: 51 KB
Trading Levels with WRBs
  • #5,949
  • Jul 23, 2020 10:46am Jul 23, 2020 10:46am
The beach was far more appealing
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Click to Enlarge Name: Girl on PP beach.jpg Size: 639 KB
Trading Levels with WRBs
  • #5,950
  • Jul 24, 2020 2:30am Jul 24, 2020 2:30am
Quoting Islander
Will we get another 50% retrace?? as always, TWT {image}
Yes we did

I was selling earlier, now I¡m flat, waiting for my next signal...
Attached Image (click to enlarge)
Click to Enlarge Name: jly24 dax m60 0620.png Size: 96 KB
Trading Levels with WRBs
  • #5,951
  • Jul 24, 2020 3:51am Jul 24, 2020 3:51am
The action so far.

For the less experienced traders who visit here, try using an MA as a guide and don't trade against its colour and have patience before reversing

KISS
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,952
  • Jul 24, 2020 5:32am Jul 24, 2020 5:32am
A good idea to bank ~90 pts.....

POC levels often act as magnets
Attached Image (click to enlarge)
Click to Enlarge Name: jly24 dax m1 1031.png Size: 51 KB
Trading Levels with WRBs
  • #5,953
  • Jul 24, 2020 5:47am Jul 24, 2020 5:47am
Quoting Islander
A good idea to bank ~90 pts..... POC levels often act as magnets {image}
Your DAX POC levels, more or less = USSP500 yd lows 3220 zone.
I call upon my father's spirit , watching over me
  • #5,954
  • Jul 24, 2020 7:09am Jul 24, 2020 7:09am
Quoting Brixen
{quote} Your DAX POC levels, more or less = USSP500 yd lows 3220 zone.
OK - on my Cash chart, S&P also had a Virgin POC at its high at the same time as Dax's H at its POC

I've been flat since, now waiting for some input from the early US Traders....price sideways ~BRN / S 1

Alerts set and on my terrace finishing lunch
Trading Levels with WRBs
  • #5,955
  • Jul 24, 2020 8:07am Jul 24, 2020 8:07am
Quoting Islander
{quote} OK - on my Cash chart, S&P also had a Virgin POC at its high at the same time as Dax's H at its POC I've been flat since, now waiting for some input from the early US Traders....price sideways ~BRN / S 1 Alerts set and on my terrace finishing lunch
So current prices are all below POC.......maybe they went higher and rebounded from 800 zone, only to short again at 920 zone!
We'll see next minutes.....
I call upon my father's spirit , watching over me
  • #5,956
  • Jul 24, 2020 8:35am Jul 24, 2020 8:35am
Quoting Brixen
{quote} So current prices are all below POC.......maybe they went higher and rebounded from 800 zone, only to short again at 920 zone! We'll see next minutes.....

And we did - price carried on down, so the two failures at that POC was the time to sell for a 90 pts fall - I missed it.

Now I've bought as that low held at the New York Open
Trading Levels with WRBs
  • #5,957
  • Jul 24, 2020 8:38am Jul 24, 2020 8:38am
Price held at m1 fractal and now falling timme to bank 10ish and sell
Trading Levels with WRBs
  • #5,958
  • Jul 24, 2020 8:41am Jul 24, 2020 8:41am
SL to +10
Trading Levels with WRBs
  • #5,959
  • Jul 24, 2020 8:42am Jul 24, 2020 8:42am
SL hit +9.6 in a HV poke to a fresh low
Trading Levels with WRBs
  • #5,960
  • Jul 24, 2020 8:54am Jul 24, 2020 8:54am
One short from fractal still open. SL -20 and TP +50 and I'm finished for this week. AFK
Trading Levels with WRBs
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