Islander and Medici trade the European open | Page 337 | Forex Factory

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Islander and Medici trade the European open

  • #6,721
  • Mar 1, 2023 2:04am Mar 1, 2023 2:04am
Dax M 15 chart...still ranging
Attached Image (click to enlarge)
Click to Enlarge Name: mar1 dax m15 xo.png Size: 46 KB
Trading Levels with WRBs
  • #6,722
  • Mar 1, 2023 2:49am Mar 1, 2023 2:49am
Dax M5 chart - very slow start held in a narrow range
Attached Image (click to enlarge)
Click to Enlarge Name: mar1 dax m5 0845.png Size: 46 KB
Trading Levels with WRBs
  • #6,723
  • Mar 3, 2023 5:24am Mar 3, 2023 5:24am
Yesterday, well after Dax's close, Nasdaq suddenly went up more than 175 pts.......so this morning in its first hour Dax went up ~ 105 pts.

That was sufficent for me and I went out to enjoy the rest of my morning.

Note how Dax then went sideways in a narrow - untradable - range for more than 100 mins....what a surprise
Attached Image (click to enlarge)
Click to Enlarge Name: mar3 dax m5 1118.png Size: 42 KB
Trading Levels with WRBs
  • #6,724
  • Edited 6:16am Mar 3, 2023 5:59am | Edited 6:16am
Quoting Islander
Yesterday, well after Dax's close, Nasdaq suddenly went up more than 175 pts.......so this morning in its first hour Dax went up ~ 105 pts. That was sufficent for me and I went out to enjoy the rest of my morning. Note how Dax then went sideways in a narrow - untradable - range for more than 100 mins....what a surprise {image}
DAX done well following US indices, with a little delay to make sure we are awake and would not missed it by being asleep.
Make sure losses are small and profits are bigger!
  • #6,725
  • Mar 15, 2023 3:54am Mar 15, 2023 3:54am
Level, levels, levels....
Attached Image (click to enlarge)
Click to Enlarge Name: mar15 dax m1 0847.png Size: 27 KB
Trading Levels with WRBs
  • #6,726
  • Mar 15, 2023 5:10am Mar 15, 2023 5:10am
So the Day's Open level was a great Lower High entry for a 150+ pts fall to the confluence of the 50 SS, 0.25% band & the 300 / 1.00% band

Then sell again on the Pull Backs to the Red MA

A very profitable 2 hours
Attached Image (click to enlarge)
Click to Enlarge Name: mar15 dax m1 1000.png Size: 45 KB
Trading Levels with WRBs
  • #6,727
  • Mar 20, 2023 3:42am Mar 20, 2023 3:42am
A fantastic start to our week.

Clear signals with a huge range

I finished my day after half an hour's trading

The Failure to reach up to the 14,800 BRN & then down to the 14,500 BRN were the golden alerts
Attached Image (click to enlarge)
Click to Enlarge Name: mar20 dax s20 0838.png Size: 33 KB
Trading Levels with WRBs
  • #6,728
  • Mar 20, 2023 3:50am Mar 20, 2023 3:50am
I finished my week before the Day started. Crazy moves.
In Asia now so I started trading the early US morning.

Bank problems make market become Vola.

Good luck with trading.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #6,729
  • Mar 21, 2023 4:42am Mar 21, 2023 4:42am
Quoting Dutchy Daxy
I finished my week before the Day started. Crazy moves. In Asia now so I started trading the early US morning. Bank problems make market become Vola. Good luck with trading.
Thanks Dutchy

After volatility comes a lack of it....

Today first half hour almost got up to Friday's High and the next BRN

Buy the HLs and then any Pull Backs to the MA...... then after a Lower High do the reverse

I finished my morning's trading after the first half hour
Attached Image (click to enlarge)
Click to Enlarge Name: mar21 dax s20 0936.png Size: 37 KB
Trading Levels with WRBs
  • #6,730
  • Mar 23, 2023 4:43am Mar 23, 2023 4:43am
Note how it took ~50 mins for Dax to make a new high, only 10 pts above its earlier spike up....a sign of weakness...Sell there or on the turn of the MA

Also note how price was held at the very tight 0.20% band (envelope)

Sufficient for my morning
Attached Image (click to enlarge)
Click to Enlarge Name: mar23 dax s20 0939.png Size: 37 KB
Trading Levels with WRBs
  • #6,731
  • Apr 13, 2023 2:33am Apr 13, 2023 2:33am
Dax M5 chart

Yesterday was another narrow ranged day

Currently looking for another retest of the BRN - or yesterday's high?
Attached Image (click to enlarge)
Click to Enlarge Name: may13 dax m5 0728.png Size: 41 KB
Trading Levels with WRBs
  • #6,732
  • Apr 13, 2023 2:45am Apr 13, 2023 2:45am
This is my page for pre XO analysis. I just maximise each chart starting with M60

I also keep a note of the Average Daily Ranges as shown in blue at the top of each chart.....especially looking at the M1 & M5 charts. Note that today we see M1 ADR is 143 vs M5 at 152 confirming that the current narrow trading ranges are continuing and thus I will adjust my expectations accordingly.

The indicator, which I had made, has been shared here several times
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (18).png Size: 88 KB
Trading Levels with WRBs
  • #6,733
  • Apr 14, 2023 2:20am Apr 14, 2023 2:20am
Another ultra tight start for Dax....
Attached Image (click to enlarge)
Click to Enlarge Name: apr14 dax multi xo.png Size: 92 KB
Trading Levels with WRBs
  • #6,734
  • Apr 14, 2023 2:26am Apr 14, 2023 2:26am
When Dax or Nas trade in a narrow range we put on a grey rectangle to remend us that our mormal methodology is suspended and we either wait for a breakout or just trade the edges of the Grey Zone

Concentration, Discipline & Patience to trade any system are the three essentials that result in Profitable Days Trading
Attached Image (click to enlarge)
Click to Enlarge Name: apr14 dax m1 0723.png Size: 19 KB
Trading Levels with WRBs
  • #6,735
  • Apr 14, 2023 2:40am Apr 14, 2023 2:40am
The S20 chart helps in these tight conditions.

Here the Higher Low at the 25 SS and MA can be clearly see - Buy
Attached Image (click to enlarge)
Click to Enlarge Name: apr14 dax s20 0736 for FF.png Size: 13 KB
Trading Levels with WRBs
  • #6,736
  • Apr 14, 2023 3:04am Apr 14, 2023 3:04am
4 trades so far offering 20+; 14+; 10+ a wash & another 10+

Sufficient for me until the US data
Attached Image (click to enlarge)
Click to Enlarge Name: apr14 dax s20 0800 for FF.png Size: 21 KB
Trading Levels with WRBs
  • #6,737
  • Apr 17, 2023 3:08am Apr 17, 2023 3:08am
Dax charts pre XO

Friday was an ultra narrow range < 90 pts
Attached Image (click to enlarge)
Click to Enlarge Name: apr17 dax multi xo.png Size: 88 KB
Trading Levels with WRBs
  • #6,738
  • Apr 17, 2023 3:11am Apr 17, 2023 3:11am
Trades during the first hour all live in our room and per Trading Rules

That finishes my morning's trading
Attached Image (click to enlarge)
Click to Enlarge Name: apr17 dax s20 0806 for post.png Size: 26 KB
Trading Levels with WRBs
  • #6,739
  • Apr 17, 2023 7:27am Apr 17, 2023 7:27am
NQ charts before Empire Mfg data
Attached Image (click to enlarge)
Click to Enlarge Name: apr17 nas multi pre data.png Size: 88 KB
Trading Levels with WRBs
  • #6,740
  • Apr 21, 2023 2:10am Apr 21, 2023 2:10am
DAx M1 chart for wednesday - nasty narrow ranged chop - we used a diffferent trading methodology
Attached Image (click to enlarge)
Click to Enlarge Name: apr19 dax m1 0900.png Size: 53 KB
Trading Levels with WRBs
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