Islander and Medici trade the European open | Page 305 | Forex Factory

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Islander and Medici trade the European open

  • #6,081
  • Jan 4, 2022 2:37am Jan 4, 2022 2:37am
Quoting mrcreosote
{quote} do you find that behaviour repeats? ie WRBs often signal a reversal? cheers and happy new year to everyone that visits here
All WRBs are alerts to look closely at what's happening - levels, volumes and what happens next - espeially when on S20 or M1

On the higher TFs they are usually areas of "single prints" in Market Statistics terms.....
Trading Levels with WRBs
  • #6,082
  • Jan 4, 2022 2:39am Jan 4, 2022 2:39am
Quoting mrcreosote
{quote} it might be finding support at yesterday's high..... SORRY SORRY, I was looking at NASDAQ! lol
No problem, I'll look at Nas after lunch
Trading Levels with WRBs
  • #6,083
  • Jan 4, 2022 2:42am Jan 4, 2022 2:42am
Quoting medici
{quote} I've got an excerpt from "Zen in the Art of Trading" (an interview in The New Market Wizards) on my desk. The sentiments expressed in that interview have helped shape my trading philosophy. A couple of pertinent quotes: {quote} and {quote} Which, if you think about it, is quite far from the conventional philosophy of having a reward-to-risk ratio of 3 and working hard to keep the hit-rate comfortably above 50%.

Thanks M, I'll take another look at New Market Wizards
Trading Levels with WRBs
  • #6,084
  • Jan 4, 2022 2:43am Jan 4, 2022 2:43am
There's an inverse 'head and shoulders' on the DAX 1 min........I think I have patterns on my brain now but I could be suffering from pareidolia
used to be undecided but nowadays can't make my mind up
  • #6,085
  • Jan 4, 2022 2:57am Jan 4, 2022 2:57am
Bght half # with Nas up off its BRN

Edit: SL to -5
Trading Levels with WRBs
  • #6,086
  • Jan 4, 2022 3:01am Jan 4, 2022 3:01am
SL to +5 this is a low % trade!
Edit: SL to +10
Trading Levels with WRBs
  • #6,087
  • Jan 4, 2022 3:01am Jan 4, 2022 3:01am
SL to +15 at fractal

Edit: Sl to +20 - very tight

Edit: out +20

Edit: Actual was 19,39
Trading Levels with WRBs
  • #6,088
  • Jan 4, 2022 3:10am Jan 4, 2022 3:10am
I can see a KwOZ Price Projection off M1 to 16,133 but the lack of volume does not get me interested

Trading Levels with WRBs
  • #6,089
  • Jan 4, 2022 3:57am Jan 4, 2022 3:57am
Quoting medici
{quote} I've got an excerpt from "Zen in the Art of Trading" (an interview in The New Market Wizards) on my desk. The sentiments expressed in that interview have helped shape my trading philosophy. A couple of pertinent quotes: {quote} and {quote} Which, if you think about it, is quite far from the conventional philosophy of having a reward-to-risk ratio of 3 and working hard to keep the hit-rate comfortably above 50%.
Exactly!
This quote helped me and helps me a lot, in trading and in personal life....
Attached Image (click to enlarge)
Click to Enlarge Name: ZEN.PNG Size: 20 KB
I call upon my father's spirit , watching over me
  • #6,090
  • Jan 4, 2022 4:40am Jan 4, 2022 4:40am
Quoting mrcreosote
There's an inverse 'head and shoulders' on the DAX 1 min......
aye it was .......also it was 'forming a base' down there
this is an 'animated gif' but I think this website is too old to support em?
Attached Image
used to be undecided but nowadays can't make my mind up
  • #6,091
  • Jan 4, 2022 5:03am Jan 4, 2022 5:03am
Quoting Islander
I can see a KwOZ Price Projection off M1 to 16,133 but the lack of volume does not get me interested

I was AFK, but a slow rally started at 9.37 gmt with a higher low and 66 mins later and 62 pts higher the PP was hit
Trading Levels with WRBs
  • #6,092
  • Jan 4, 2022 6:21am Jan 4, 2022 6:21am
Quoting mrcreosote
There's an inverse 'head and shoulders' on the DAX 1 min........
it's probs not good manners to keep quoting yourself but that's gone up for +100 now
used to be undecided but nowadays can't make my mind up
  • #6,093
  • Jan 4, 2022 8:22am Jan 4, 2022 8:22am
Quoting mrcreosote
{quote} it's probs not good manners to keep quoting yourself but that's gone up for +100 now
No prob, the first swing was good, since then its taken another 3.5 hours to add 60 pts.

As its 22º here in the sun today, I've been out enjoying it. Tomorrow its forecast for rain with snow on the hills and 10º!!

Dax just hit my 2nd target, the 1.382 expansion of the first swing at 16,204

Now to see what Nas has in store for us....
Trading Levels with WRBs
  • #6,094
  • Jan 4, 2022 8:25am Jan 4, 2022 8:25am
i'm short DAX here, why? BRN
i'll probs stick a 10 pip stop loss on and go 'bah humbug' when it gets hit lol
used to be undecided but nowadays can't make my mind up
  • #6,095
  • Jan 4, 2022 8:29am Jan 4, 2022 8:29am
SL to breakeven, GO BABY!!!
used to be undecided but nowadays can't make my mind up
  • #6,096
  • Jan 4, 2022 8:32am Jan 4, 2022 8:32am
long NASDAQ on the dip...
already stopped on too tight a stop lol
edit again...NAS couldn;t hold yesterday's high so probs shoulda been short instead of long, bah!!!
used to be undecided but nowadays can't make my mind up
  • #6,097
  • Jan 4, 2022 8:36am Jan 4, 2022 8:36am
DAX got +20 so far but I tend to hold for +50 and it goes against me
16150 is a 4hr high so will defo take profits it that hits....
closed I'll take +21.8 cos it looks like it wants to go back up now
used to be undecided but nowadays can't make my mind up
  • #6,098
  • Jan 4, 2022 8:42am Jan 4, 2022 8:42am
Initial S at NYO

Now dickering ~ 16,500 BRN. 2 hit & run Bs for 10 ish......now waiting
Trading Levels with WRBs
  • #6,099
  • Jan 4, 2022 8:43am Jan 4, 2022 8:43am
should have been BALLSY on that NASDAQ long and added more.....COS if you look left it reversed on a previous candle with a long wick..
BUT I couldn't see it at the time cos I was on the 1min
AND I just missed a DB cos I was posting here......tricky this trading malarky
used to be undecided but nowadays can't make my mind up
  • #6,100
  • Jan 4, 2022 8:47am Jan 4, 2022 8:47am
Silver came off yesterday's low......
used to be undecided but nowadays can't make my mind up
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