Islander and Medici trade the European open | Page 308 | Forex Factory

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Islander and Medici trade the European open

  • #6,141
  • Feb 1, 2022 10:57am Feb 1, 2022 10:57am
DAX 15 mn
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  • #6,142
  • Feb 1, 2022 11:00am Feb 1, 2022 11:00am
DAX 5 mn
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  • #6,143
  • Feb 2, 2022 4:51am Feb 2, 2022 4:51am
Narrow range so far this morning.. The 5 day ADR is at 360 and so far today's range is only 96, thus fewer point available
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Trading Levels with WRBs
  • #6,144
  • Edited 9:55am Feb 2, 2022 9:39am | Edited 9:55am
Nice tradeable swings during first hour of Nas, KISS trades....

The 6 swings as shown totalled 71, 70,123,78,55 & 67 pts for a total of 464 available pts
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Trading Levels with WRBs
  • #6,145
  • Feb 2, 2022 9:56am Feb 2, 2022 9:56am
Using the S20 allows for tighter, more advanced entries

Note how the WRBs and spikes in volume help
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Trading Levels with WRBs
  • #6,146
  • Feb 2, 2022 11:48am Feb 2, 2022 11:48am
Quoting Islander
Using the S20 allows for tighter, more advanced entries Note how the WRBs and spikes in volume help {image}
Agreed. I took the 20s for a spin this pm. 90 points in no time I also added the MA related to your envelope, and I found WMA13 handy for timing entries.
  • #6,147
  • Edited 3:28am Feb 3, 2022 2:36am | Edited 3:28am
Quoting medici
{quote} Agreed. I took the 20s for a spin this pm. 90 points in no time I also added the MA related to your envelope, and I found WMA13 handy for timing entries.
GM - WMA 13 on S20 is very fast....

Dax suffering from that big post close drop in Nas re Facebook's 22% fall. Only 50 pts range since XO, so just trading "levels" aka SS
Trading Levels with WRBs
  • #6,148
  • Feb 3, 2022 4:56am Feb 3, 2022 4:56am
Quoting Islander
{quote} GM - WMA 13 on S20 is very fast.... Dax suffering from that big post close drop in Nas re Facebook's 22% fall. Only 50 pts range since XO, so just trading "levels" aka SS
Makes for easy scalping. Candles here coloured according to close above/below WMA13.
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  • #6,149
  • Feb 3, 2022 5:41am Feb 3, 2022 5:41am
Quoting medici
{quote} Makes for easy scalping. Candles here coloured according to close above/below WMA13. {image}

Thanks M, I see what you mean, helpful for this morning's narrow range. A new tool to add to my toolbox
Trading Levels with WRBs
  • #6,150
  • Feb 3, 2022 8:13am Feb 3, 2022 8:13am
Failed continuation off of WMA13@20s signals the end of the strong push down, and signals for 2.06pm long entry.
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  • #6,151
  • Feb 5, 2022 4:19am Feb 5, 2022 4:19am
Quoting medici
Failed continuation off of WMA13@20s signals the end of the strong push down, and signals for 2.06pm long entry. {image}

Nice, I was AFK
Trading Levels with WRBs
  • #6,152
  • Feb 7, 2022 4:22am Feb 7, 2022 4:22am
Trying a 20 LWMA with the 60 LWMA, first 2 hors from XO

Great alerts from the WRBs
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,153
  • Feb 8, 2022 2:07am Feb 8, 2022 2:07am
Hi Islannder,

Find attached picture about what we have been talking about this chart is from USD/JPY,

How do you know if the above zone the aqua colored will act as resistance or will break like butter like it happened on this case?
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  • #6,154
  • Feb 8, 2022 4:16am Feb 8, 2022 4:16am
GM Frag8383

Thank you for your post.

As you will remember from reading my post at the top of Page 300, I only trade Dax and Nasdaq indices Intra Day on the lower time frames and this requires me to look at the higher time frames each morning before I start my trading day.

If you will be kind enough to re-post your chart giving the same information as on my chart posted below I will answer yo question as best I can.

FYI, I have noted 1 piece of information from your chart and called it C-1 and I will refer to it in my reply to your anticipated post.

Regards

Islander
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Trading Levels with WRBs
  • #6,155
  • Feb 8, 2022 4:30am Feb 8, 2022 4:30am
The overnight action in Dax stayed above its hourly MA.& its 15,200 BRN and it failed to get there in its early action after XO, suggesting a move higher which duly happened.

The failure to reach the 15,350 SS was another clue which led to Dax turning back down
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,156
  • Feb 8, 2022 5:04am Feb 8, 2022 5:04am
Quoting Islander
GM Frag8383 Thank you for your post. As you will remember from reading my post at the top of Page 300, I only trade Dax and Nasdaq indices Intra Day on the lower time frames and this requires me to look at the higher time frames each morning before I start my trading day. If you will be kind enough to re-post your chart giving the same information as on my chart posted below I will answer yo question as best I can. FYI, I have noted 1 piece of information from your chart and called it C-1 and I will refer to it in my reply to your anticipated post....
sorry i cannot send the chart again right now im at work,

The chart is 1 min chart USD/jpy at 8.10 a.m Frankfurt Open
  • #6,157
  • Feb 8, 2022 6:01am Feb 8, 2022 6:01am
Quoting Frag8383
{quote} sorry i cannot send the chart again right now im at work, The chart is 1 min chart USD/jpy at 8.10 a.m Frankfurt Open

OK, thanks. Lunchtime now, I'll look later
Trading Levels with WRBs
  • #6,158
  • Feb 8, 2022 8:29am Feb 8, 2022 8:29am
USD/JPY M30 Chart

Looking at the M30 USD/JPY chart we an see a a strong rally in progress from the Higher Low above the 115,00 handle.
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Trading Levels with WRBs
  • #6,159
  • Feb 8, 2022 8:36am Feb 8, 2022 8:36am
USD/JPY M5 Chart

On this Time Frame we an see that before the Frankfurt Open in FX Speak price continued its rally, all be it at a reduced pace, and poked into the supply area above the 115,50 Sweet Spot before Pulling Back to the upward sloping MA
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Trading Levels with WRBs
  • #6,160
  • Edited 9:19am Feb 8, 2022 9:04am | Edited 9:19am
USD / JPY M1 Chart as per Frag383's post

Before FO at 07:00 GMT we can see the poke up into the Supply Zone, followed by a Lower High at 7:09 which then held ABOVE that earlier Low. The 2 candles following FO were, as I would expect, with higher volumes and I see NO special significance WRB-wise in either.

Price then dropped into the area of the prior M1 Low, actually making a Lower High, C-1 (Clue 1)

The 07:12 candle was small and had very low volume, C-2, an alert. This was followed by the High Volume WRB at 07:12 which broke up thru the 50 SS. Again, Sellers pushed price back down to the MA and there was another push up into that High Volume Spinning top. This is today's high - so far.

I would have Sold after the Lower High at the SS and then looked at the higher TF charts to find the potential support areas.

WE can NEVER KNOW IN ADVANCE which area will hold, but by researching our chosen contract over at minimum of 100 Trading Days on all TFs, we may obtain an idea of what that contract has historically done in similar situations
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Trading Levels with WRBs
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