Islander and Medici trade the European open | Page 316 | Forex Factory

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Islander and Medici trade the European open

  • #6,301
  • Mar 16, 2022 11:50am Mar 16, 2022 11:50am
Quoting Islander
Its always nice when price reaches a Price Projection that is in confluence with other levels..... Its now an hour and a half since it was reached - a Bushy Hedge hit in Tom Williams-speak and we are waiting for the FOMC ... {image}
Surely never in doubt ?
  • #6,302
  • Mar 16, 2022 12:10pm Mar 16, 2022 12:10pm
Quoting OAPDave
We now see the (Sum of the Parts ) {image} {image} {image}
Yes, the first hour after the NY open completed the move with a push up to the outermost level. And now retracement....rinse and repeat
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  • #6,303
  • Mar 16, 2022 12:33pm Mar 16, 2022 12:33pm
Yes
Rinse and Repeat
and
% 0f Daily Range
to me is key

  • #6,304
  • Mar 16, 2022 11:42pm Mar 16, 2022 11:42pm
Is it time to break the downtrend for this year and head for 14400?
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  • #6,305
  • Mar 16, 2022 11:50pm Mar 16, 2022 11:50pm
Which coincides with EMA50 on the daily.
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  • #6,306
  • Edited 12:32pm Mar 17, 2022 11:41am | Edited 12:32pm
My World
Just using MM 256

Roughly 256 days in a trading year
Roughly 256 30 mins in a week
Roughly 256 5 mins in a day
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  • #6,307
  • Mar 17, 2022 1:47pm Mar 17, 2022 1:47pm
Quoting OAPDave
My World Just using MM 256 Roughly 256 days in a trading year Roughly 256 30 mins in a week Roughly 256 5 mins in a day {image} {image} {image}
Very interesting. I shall have to read up on MM. Here's my world from today. Seems to combine the range idea with trend, no?

And I am grateful to our friends on the other side of the pond for livening up the day with a couple of spunkfests after a rather tedious morning
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  • #6,308
  • Mar 17, 2022 2:07pm Mar 17, 2022 2:07pm
Quoting medici
{quote} Very interesting. I shall have to read up on MM. Here's my world from today. Seems to combine the range idea with trend, no? And I am grateful to our friends on the other side of the pond for livening up the day with a couple of spunkfests after a rather tedious morning {image}
Yes at a certain point they have to expand the daily range so its may be as simple as
Buy High
Sell Low

Well nothings ever that simple
  • #6,309
  • Mar 18, 2022 2:04am Mar 18, 2022 2:04am
Quoting OAPDave
{quote} Yes at a certain point they have to expand the daily range so its may be as simple as Buy High Sell Low Well nothings ever that simple

Maybe it is.......IF you know where the high and the low will be.....or they are expected to be...
Trading Levels with WRBs
  • #6,310
  • Mar 18, 2022 2:53am Mar 18, 2022 2:53am
Quoting Islander
{quote} Maybe it is.......IF you know where the high and the low will be.....or they are expected to be...
My thoughts would perhaps be something like this may help ?
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  • #6,311
  • Mar 18, 2022 3:37am Mar 18, 2022 3:37am
Quoting OAPDave
{quote} My thoughts would perhaps be something like this may help ? {image}
GM chaps, here's my take on it. NQ is struggling with a major resistance - the 2% level above EMA800 on 30m. If that breaks the road is open to 14400. If not it may just be back to the 13750 area for fresh ammo.
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  • #6,312
  • Mar 18, 2022 4:12am Mar 18, 2022 4:12am
Quoting medici
{quote} GM chaps, here's my take on it. NQ is struggling with a major resistance - the 2% level above EMA800 on 30m. If that breaks the road is open to 14400. If not it may just be back to the 13750 area for fresh ammo. {image}
I agree
Weekly Range very good
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  • #6,313
  • Mar 18, 2022 4:49am Mar 18, 2022 4:49am
Envelopes ?
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  • #6,314
  • Mar 18, 2022 8:56am Mar 18, 2022 8:56am
Quoting OAPDave
Envelopes ? {image} {image} {image}
Nices ones For guiding trading in terms of range, trend, extrems, etc, many different MAs may work. Islander likes WMA55 etc, whereas I like EMA50 in the same situations.

To the this raises the question of finding the "right" MA. Is there such as thing, or is it about fitting to personal taste? When it comes to predictive uses, aside from trading bas on PA, the answer may be relevant.
  • #6,315
  • Mar 18, 2022 9:43am Mar 18, 2022 9:43am
Dave, how would you compare MMLs with Camsrillas? The latter seem more useful for NQ.
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  • #6,316
  • Mar 18, 2022 10:59am Mar 18, 2022 10:59am
Update
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  • #6,317
  • Mar 18, 2022 11:39am Mar 18, 2022 11:39am
Thanks Dave, you have given me and I guess Medici much to ponder.

I have been AFK all day and just back to my screens and couldn't refrain from posting my NQ M5 chart which has my first attempt at using MMs

On the M1 chart the Buy was clear after the NY Open in the 13:34 candle at the BRN.

38 mins later and up 251 pts the MM 8/8 level + the KwiOz PP were hit together with the 50 EMA band & the 1.286 Fib expansion .... all hit.!

Then 86 mins later the +1/8 MM & the 800 EMA at the 1.382 Fib expansion were all hit......wow!

Much food for thought so many thanks for your input
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Trading Levels with WRBs
  • #6,318
  • Edited 12:05pm Mar 18, 2022 11:52am | Edited 12:05pm
Just Downloaded this (haha)
Going to have a play over the weekend
ps
Its set to default and a Shift of 1 so I guess I will have to check it out to gmt ?
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  • #6,319
  • Mar 18, 2022 12:11pm Mar 18, 2022 12:11pm
Interesting or What
MM 1440 + Camarilla
down among the weeds
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  • #6,320
  • Edited 4:45pm Mar 18, 2022 4:00pm | Edited 4:45pm
Quoting medici
{quote} GM chaps, here's my take on it. NQ is struggling with a major resistance - the 2% level above EMA800 on 30m. If that breaks the road is open to 14400. If not it may just be back to the 13750 area for fresh ammo. {image}
Medici
Fantastic call
✔✔✔
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