Islander and Medici trade the European open | Page 309 | Forex Factory

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Islander and Medici trade the European open

  • #6,161
  • Feb 8, 2022 9:14am Feb 8, 2022 9:14am
I do not trade USD/JPY and have not researched its actions during the times at which I might consider trading it, nor is this chart optimised for USD/JPY.

However, to see a Lower High at "a level" around a Time when changes can be expected made, IMO, Selling that LH a high probability trade
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Trading Levels with WRBs
  • #6,162
  • Feb 8, 2022 10:51am Feb 8, 2022 10:51am
Thanks for your help Islander,

So basically you look for support resistance of higher time frames and then a change of market structure on lower time frames
  • #6,163
  • Feb 9, 2022 4:10am Feb 9, 2022 4:10am
Great morning with a super clear rally in Dax from XO, a +141 pts swing with another Buy after half an hour for any who missed the first Buy
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Trading Levels with WRBs
  • #6,164
  • Feb 10, 2022 2:35am Feb 10, 2022 2:35am
A great start to my day. All trades posted live in our chat
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,165
  • Feb 10, 2022 3:20am Feb 10, 2022 3:20am
Hi Islander, I also use ATR for the size of each bar but using a histogram instead of a line. Here's another way of displaying it without the volatility aspect (removed from the ATR code). The top chart also has an MA overlay. You might find this helpful:
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File Type: mq4 Bar Range.mq4   4 KB | 232 downloads
  • #6,166
  • Feb 10, 2022 3:23am Feb 10, 2022 3:23am
Quoting angus
Hi Islander, I also use ATR for the size of each bar but using a histogram instead of a line. Here's another way of displaying it without the volatility aspect (removed from the ATR code). The top chart also has an MA overlay. You might find this helpful: {image} {file}
Thanks Angus, I'll take a look.....does it have an alert function?
Trading Levels with WRBs
  • #6,167
  • Feb 10, 2022 3:26am Feb 10, 2022 3:26am
Quoting Islander
{quote} Thanks Angus, I'll take a look.....does it have an alert function?
No, I'm hopeless at coding but I'm sure some helpful person could add it for you.
  • #6,168
  • Feb 10, 2022 3:36am Feb 10, 2022 3:36am
Quoting angus
{quote} No, I'm hopeless at coding but I'm sure some helpful person could add it for you.
No problem, I'll ask or resident expert to take a look...
Trading Levels with WRBs
  • #6,169
  • Feb 10, 2022 8:35am Feb 10, 2022 8:35am
Slightly off CPI Data gave SM their excuse to sell hard into their suspiciously strong rally

We had entries below the latest action and were slipped, but still got well over 100 pts from our initial sells. Its nice when you catch one of these moves
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Trading Levels with WRBs
  • #6,170
  • Feb 10, 2022 8:42am Feb 10, 2022 8:42am
Now Buying NYO, looking for the 382 retrace ~ 14,850
Trading Levels with WRBs
  • #6,171
  • Feb 10, 2022 8:46am Feb 10, 2022 8:46am
382 retrace hit, up125 from the low
Trading Levels with WRBs
  • #6,172
  • Feb 10, 2022 9:00am Feb 10, 2022 9:00am
618 retrace now hit, up 200 from L & 185 from NYO
Trading Levels with WRBs
  • #6,173
  • Feb 10, 2022 9:15am Feb 10, 2022 9:15am
786 retrace now hit at 260 pts from L, also mid pt m1 WRB and hit 15,000 BRN.

Reversed to selling
Trading Levels with WRBs
  • #6,174
  • Feb 10, 2022 9:34am Feb 10, 2022 9:34am
Main moves finished, Nas consolidating.

I'm exhausted and need a beer
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Trading Levels with WRBs
  • #6,175
  • Feb 10, 2022 12:31pm Feb 10, 2022 12:31pm
Hi

Do you know where i can download indicator similar to the one you have on your charts. Since im trying to incorporate a range breakout strategy with an envelope.

thank you for your time
  • #6,176
  • Feb 11, 2022 1:28am Feb 11, 2022 1:28am
Quoting ZAR.trader
Hi Do you know where i can download indicator similar to the one you have on your charts. Since im trying to incorporate a range breakout strategy with an envelope. thank you for your time
GM

The envelopes can be found in the MT4 Indicators - trend - envelopes.

Regards

Islander

PS You might read my post at the top of Page 300 for further info on what I use
Trading Levels with WRBs
  • #6,177
  • Feb 11, 2022 4:21am Feb 11, 2022 4:21am
After great activity comes dullness.....and it has with smaller moves and choppy action.

The under 50 pts Grey Zone is a reminder to trade with care - or not at all
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Trading Levels with WRBs
  • #6,178
  • Feb 28, 2022 5:29am Feb 28, 2022 5:29am
The 200 pts range in FH was a heads up to a volatile morning.

Wide initial SLs and remember that Dax likes "levels" and plenty of green pts will come.

That UHV WRB poke down to the 14,1000 WRB was a gift of a Buy for 150 pts

Now lunch and wait for the NY Open...
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Trading Levels with WRBs
  • #6,179
  • Feb 28, 2022 5:58am Feb 28, 2022 5:58am
Most people who use variations of Tom Williams's VSA concentrate on Volumes. I concentrate on Spreads in conjunctionwith Levels and volume

Here, the first is a Sell swing of 100pts, the second is a Buy for 50+, the third a Sell for 50+ and the last a Buy for a swing of 75+

Each one is a WRB at a level and without any follow thru.......

Stay Green
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Trading Levels with WRBs
  • #6,180
  • Feb 28, 2022 6:33am Feb 28, 2022 6:33am
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