Islander and Medici trade the European open | Page 302 | Forex Factory

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Islander and Medici trade the European open

  • #6,021
  • Aug 24, 2020 5:40am Aug 24, 2020 5:40am
Dax had a succession of Higher Lows before XO when high volumed aggressive action by SM produced a huge 60 pts green candle and price just kept on going.

So far the ID high is 210 pts above the XO price! The Nas and S&P are making yet more new ATHs

I suspect that any negative news in the USA will bring a sharp fall - but until then, the North Bound Express is the only game in town as the Blue MA continues to remind us

The next upside point of interest is the August 12th High ~the 13,100 BRN / today's R2
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Trading Levels with WRBs
  • #6,022
  • Aug 24, 2020 9:58am Aug 24, 2020 9:58am
Quoting Islander
Dax had a succession of Higher Lows before XO when high volumed aggressive action by SM produced a huge 60 pts green candle and price just kept on going. So far the ID high is 210 pts above the XO price! The Nas and S&P are making yet more new ATHs I suspect that any negative news in the USA will bring a sharp fall - but until then, the North Bound Express is the only game in town as the Blue MA continues to remind us The next upside point of interest is the August 12th High ~the 13,100 BRN / today's R2 {image}
Todays High was at 11:57 GMT 13,106
Trading Levels with WRBs
  • #6,023
  • Sep 2, 2020 4:29am Sep 2, 2020 4:29am
We've been buyers since just after XO. Just closed my last trade at the 13,300 BRN

KISS Chart of Dax M1 Cash
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Trading Levels with WRBs
  • #6,024
  • Sep 17, 2020 4:03am Sep 17, 2020 4:03am
SM / BB spiked Dax down 5 mins after XO in high volumed, aggressive activity that so far has sent Dax back up to retrace 50% of its fall since yesterday's high in a 140 pts rally.

So far, no signs that this retrace has ended. TWT
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Trading Levels with WRBs
  • #6,025
  • Sep 17, 2020 4:10am Sep 17, 2020 4:10am
Quoting Islander
SM / BB spiked Dax down 5 mins after XO in high volumed, aggressive activity that so far has sent Dax back up to retrace 50% of its fall since yesterday's high in a 140 pts rally. So far, no signs that this retrace has ended. TWT {image}
Yes, Islander...maybe I've closed too early my last long.......we'll see of they will attack 200 zoen and above.
I call upon my father's spirit , watching over me
  • #6,026
  • Sep 17, 2020 4:16am Sep 17, 2020 4:16am
So far, no signs that this retrace has ended. TWT

LOL, 6 minutes after I posted and this happened - some aggressive profit taking.

Now watching to see what happens next
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Trading Levels with WRBs
  • #6,027
  • Sep 17, 2020 4:26am Sep 17, 2020 4:26am
Quoting Brixen
{quote} Yes, Islander...maybe I've closed too early my last long.......we'll see of they will attack 200 zoen and above.

I'm flat too. Now as we get closer to the time when the US Traders wake up and the action crosses the ocean with the focus changing to the US Indices, mostly Dax follows their lead....

Alerts set and I take a break
Trading Levels with WRBs
  • #6,028
  • Sep 17, 2020 7:23am Sep 17, 2020 7:23am
An hour and a half after the high in my last post, Dax put on another 16 pts at 10:31 gmt to make its current H just above the BRN.

At 10:32 SPX made an equal high for its retrace of about 30% then reversed and has already retraced more than 50% of this morning's rally.

Chicago Traders are already at their desks and now we wait for the open of the NYSE in an hour an seventeen minutes....
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Trading Levels with WRBs
  • #6,029
  • Jul 7, 2021 10:09am Jul 7, 2021 10:09am
Today Nas continued its run of new ATHs, despite the fact that only about 20% of its constituents are doing so......

The latest ATH was reached at the Open of the NYSE at 13:30 GMT in a perfet doji on this M 1 chart, failing at what my old friend Tom Williams would call a Bushy Hedged hit on the BRN & R1.

The fall has so far reached the 618 retrace of the range from Yesterday's Low in a confluence with today's Daily Pivot

Now watching the retrace towards the 382 confluence with the BRN / POC & YD's High

Edit: TWT IF this THE high, but it does look interesting!
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Trading Levels with WRBs
  • #6,030
  • Jul 7, 2021 11:14am Jul 7, 2021 11:14am
Apologies, in my last post I put R1 when it was R2 just above the 14,900 BRN.

Updated chart, now with price at its green 618 Fib & R 1

FOMC in a couple of hours......
Trading Levels with WRBs
  • #6,031
  • Aug 20, 2021 9:21am Aug 20, 2021 9:21am
Some comments re timing - I no longer spend all day in front of a screen.

I now focus on the action in Dax from around the open of its Cash Session at 7am GMT - 9am CET and later on the US Indices from around 13:30 GMT - 15:30 CET which is the Open of the NYSE. These time are where the SM aka Big Boys are most active
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Trading Levels with WRBs
  • #6,032
  • Aug 20, 2021 9:45am Aug 20, 2021 9:45am
and what I've been trading this afternoon....Nas +130 pts since NYSE Open, Dax up 77 pts

Great confluence of levels ~Nas's highs....BRN, 1.618 Fibonacci expansion and a POC level, all acting as a great magnet for price
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Trading Levels with WRBs
  • #6,033
  • Aug 22, 2021 8:52am Aug 22, 2021 8:52am
Good to see you take advantage of the very beneficial late summer volatility, Captain

Just to add my trade planning perspective to that: Thursday was a reversal day up, from Camarilla S4 up to R4. That set the direction and volatility target for Friday. The morning started with a drop to the support level from late Thursday, and then it was set-and-forget up to Camarilla R4...with plenty of nice swings for 100 ticks per piece ahead of the 1.20 pm take-off.

It wouldn't be surprising if Monday continues the pattern, at least initially, i.e. a drop to 15000-15025 or so ahead of an attempted continuation up. Then it's anybody's guess.

This is a 1600 tick chart of NQ with EMA200 and Boll200.
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  • #6,034
  • Aug 25, 2021 9:00am Aug 25, 2021 9:00am
Quoting medici
Good to see you take advantage of the very beneficial late summer volatility, Captain Just to add my trade planning perspective to that: Thursday was a reversal day up, from Camarilla S4 up to R4. That set the direction and volatility target for Friday. The morning started with a drop to the support level from late Thursday, and then it was set-and-forget up to Camarilla R4...with plenty of nice swings for 100 ticks per piece ahead of the 1.20 pm take-off. It wouldn't be surprising if Monday continues the pattern, at least...

Hi stranger, great to hear from you and see your take on the current summer action

Whilst on Monday NQ carried through with another excellent performance making more new ATHs, yesterday and so far today the action has been very much more subdued with the ranges around one third of Friday & Monday, all be it with further new ATHs. 15,400 was hit just after today's NYSE Open.

I do have an hourly KwOz Price Projection 120 pts higher so let's see what happens for the remainder of this week.

Best regards

Islander
Trading Levels with WRBs
  • #6,035
  • Aug 25, 2021 6:05pm Aug 25, 2021 6:05pm
Quoting Islander
{quote} Hi stranger, great to hear from you and see your take on the current summer action Whilst on Monday NQ carried through with another excellent performance making more new ATHs, yesterday and so far today the action has been very much more subdued with the ranges around one third of Friday & Monday, all be it with further new ATHs. 15,400 was hit just after today's NYSE Open. I do have an hourly KwOz Price Projection 120 pts higher so let's see what happens for the remainder of this week. Best regards Islander
Thanks, yes, and interestingly it's been the morning action that has offered the easiest and best trades, with the US session being devoted to noisier action. I suppose we're waiting for EMA50 on the hourly to reach up to the range of action, which likely will happen tomorrow. I guess we'll see the take-off northwards then. And, agreed, there's more potential to the upside, 100-200 points I'd guess.
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  • #6,036
  • Oct 22, 2021 3:09am Oct 22, 2021 3:09am
A nice morning so far - integer figures for signals. I traded all except the last as afk - data from another trader in our group

Trades per our Trading Rules - just need the Discipline & Patience to follow them!
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Trading Levels with WRBs
  • #6,037
  • Edited 10:03am Nov 22, 2021 9:36am | Edited 10:03am
Nas making new ATHs from NYO

The only levels we now have are from pulling Fibonacci over Fridays Range and from the Daily Pivots

So watch for higher volumed WRBs and also watch for pokes into an envelope

I made 5 buys sine NYO and am now flat - phew

Edit: at 15:24 gmt there was a clear LH, so I started selling and pulled Fibs over The rally from NYO
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  • #6,038
  • Nov 22, 2021 10:32am Nov 22, 2021 10:32am
Quote: "Edit: at 15:24 gmt there was a clear LH, so I started selling and pulled Fibs over The rally from NYO"

and at 16:21 we had a 100% retrace. Up 130 pts and down 130 pts, probably with more to come
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Trading Levels with WRBs
  • #6,039
  • Nov 22, 2021 10:49am Nov 22, 2021 10:49am
Quoting Islander
Quote: "Edit: at 15:24 gmt there was a clear LH, so I started selling and pulled Fibs over The rally from NYO" and at 16:21 we had a 100% retrace. Up 130 pts and down 130 pts, probably with more to come {image}
and there was, at 16:34 price hit the 1.382 extension, some 56 pts lower
Trading Levels with WRBs
  • #6,040
  • Nov 22, 2021 10:52am Nov 22, 2021 10:52am
and at 16:51 the 1.618 extn at the 16,550 sweet spot
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