Islander and Medici trade the European open | Page 310 | Forex Factory

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Islander and Medici trade the European open

  • #6,181
  • Feb 28, 2022 7:11am Feb 28, 2022 7:11am
Hi PB, thanks for your charts
Trading Levels with WRBs
  • #6,182
  • Mar 1, 2022 3:05am Mar 1, 2022 3:05am
I always have my M5 chart open and today's action has be classic Sell the Lower Highs!

After XO there was good volume selling for 20 minutes and then momentum took over for, so far, a 370 pts swing

Plenty of opportunity to trade the M1 & S20 and pirate buckets of greenies
Attached Image (click to enlarge)
Click to Enlarge Name: mar1 dax m5 1100.png Size: 65 KB
Trading Levels with WRBs
  • #6,183
  • Mar 1, 2022 3:14am Mar 1, 2022 3:14am
Quoting Islander
I always have my M5 chart open and today's action has be classic Sell the Lower Highs! After XO there was good volume selling for 20 minutes and then momentum took over for, so far, a 370 pts swing Plenty of opportunity to trade the M1 & S20 and pirate buckets of greenies {image}

Nice one! I prefer the 150s chart (half of 5 min). This morning NQ was good for 200 points
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  • #6,184
  • Mar 1, 2022 3:49am Mar 1, 2022 3:49am
Quoting medici
{quote} Nice one! I prefer the 150s chart (half of 5 min). This morning NQ was good for 200 points {image}
Nice one in Nas, which I will be trading after the NY Open.

More detail on the M1 chart and as can be seen, the first two hours after XO offered the most opportunities.

Note the action around the HV WRBs, especially the one at 10:30 in the 3rd hour which alerted us to a possible end to the big down swing....
Attached Image (click to enlarge)
Click to Enlarge Name: mar1 dax m1 1141.png Size: 78 KB
Trading Levels with WRBs
  • #6,185
  • Edited 7:54am Mar 1, 2022 6:51am | Edited 7:54am
Quoting Islander
{quote} Nice one in Nas, which I will be trading after the NY Open. More detail on the M1 chart and as can be seen, the first two hours after XO offered the most opportunities. Note the action around the HV WRBs, especially the one at 10:30 in the 3rd hour which alerted us to a possible end to the big down swing.... {image}
Good luck I'm giving NY a miss this afternoon. Likely to be choppy until the NY lunch, after which the market will show its true colours...at least that's my hunch. Needs to come down to 14000ish for buys and up to 14400+ for sells...now hovering in between.

On a different note..i'm weening myself off the 1m. The 150s is just soooo much more relaxed to trade.
  • #6,186
  • Mar 1, 2022 8:17am Mar 1, 2022 8:17am
As expected, the charm of EMA800@1m is too much to stay away from...
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  • #6,187
  • Mar 1, 2022 8:32am Mar 1, 2022 8:32am
Quoting medici
{quote} Good luck I'm giving NY a miss this afternoon. Likely to be choppy until the NY lunch, after which the market will show its true colours...at least that's my hunch. Needs to come down to 14000ish for buys and up to 14400+ for sells...now hovering in between. On a different note..i'm weening myself off the 1m. The 150s is just soooo much more relaxed to trade.
You are right about Nas so far.....anyway, I have some computer issues, so not trading.

Mmm, I'm sooo used to 1m & S20, but I'll take a look
Trading Levels with WRBs
  • #6,188
  • Mar 1, 2022 9:09am Mar 1, 2022 9:09am
Quoting Islander
{quote}
Mmm, I'm sooo used to 1m & S20, but I'll take a look
Take a look at these two, 150s vs 1m, from just after 1.20am UK time today. Which one do you prefer? Which one is riskier if you enter on candle close? Easy choice for me.
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  • #6,189
  • Mar 1, 2022 9:12am Mar 1, 2022 9:12am
Quoting Islander
{quote} You are right about Nas so far.....
Now dipping below 14000....I have a feeling that it's time for a retracement of 13000 to 14300...we shall see...now I'll call it an evening
  • #6,190
  • Mar 1, 2022 11:43pm Mar 1, 2022 11:43pm
GM, the levels around EMA50@1h have been in play yesterday and this morning. Makes for great volatility and the direction has now turned to ranging/down.

PS: This is a 5m chart.
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  • #6,191
  • Mar 2, 2022 1:35am Mar 2, 2022 1:35am
Quoting medici
{quote} Take a look at these two, 150s vs 1m, from just after 1.20am UK time today. Which one do you prefer? Which one is riskier if you enter on candle close? Easy choice for me. {image} {image}

This is how Rev & I would have traded that area.....I didnt have my S20 active, so cant show its view

PA ~ the SS is sooo helpful
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,192
  • Mar 2, 2022 1:37am Mar 2, 2022 1:37am
Quoting medici
GM, the levels around EMA50@1h have been in play yesterday and this morning. Makes for great volatility and the direction has now turned to ranging/down. PS: This is a 5m chart. {image}

Busy on Dax this morning, both have just had huge green bars....Dax from 14,000 BRN up to its next BRN in 1 s20 bar
Trading Levels with WRBs
  • #6,193
  • Mar 2, 2022 3:17am Mar 2, 2022 3:17am
DAX 1 mn
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  • #6,194
  • Mar 2, 2022 8:36am Mar 2, 2022 8:36am
Nas M1 KISS

First two hours from NY Open........Watch what the PA is telling you.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,195
  • Mar 2, 2022 3:35pm Mar 2, 2022 3:35pm
Quoting Islander
Nas M1 KISS First two hours from NY Open........Watch what the PA is telling you..... {image}
Very nice In my slightly slower world of 150s candles that's handed by MA levels.
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  • #6,196
  • Mar 2, 2022 11:12pm Mar 2, 2022 11:12pm
Quoting medici
{quote} Very nice In my slightly slower world of 150s candles that's handed by MA levels. {image}
As long as we both bank plenty of Green ones, we are both happy with our slightly different methodologies
Trading Levels with WRBs
  • #6,197
  • Mar 3, 2022 12:50am Mar 3, 2022 12:50am
And this morning it seems like NQ is heading back to EMA50@1h. Entry at blue line.
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  • #6,198
  • Mar 3, 2022 1:53am Mar 3, 2022 1:53am
I trade Dax in the mornings and there has been a 200 pts swing from the high at 8:22 GMT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #6,199
  • Mar 3, 2022 2:05am Mar 3, 2022 2:05am
Quoting Islander
I trade Dax in the mornings and there has been a 200 pts swing from the high at 8:22 GMT {image}
That's nice For me it's NQ only, which is ranging this morning. The nice down move stopped at the quarter percent EMA800@1m levels.
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  • #6,200
  • Mar 3, 2022 6:02am Mar 3, 2022 6:02am
Ah, that was a nice ride The stops above yesterday's high just had to go
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