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Medici trades the London open

  • #121
  • Dec 21, 2009 2:58am Dec 21, 2009 2:58am
Quoting Islander
Ditto - test of days open level at 6117 followed by a 1 min HL....I'd like Swissy to get under its 30ema currently at 0416.....and Euro to test its 4300 level and bounce up from it, otherwise I can see cable lower....
And I am looking to see whether Euro holds the 4280 level for the same reason. Rumoured large orders in Euro at that level, and this may simply be a journey down to get the buying going.
  • #122
  • Dec 21, 2009 3:20am Dec 21, 2009 3:20am
Quoting medici
And I am looking to see whether Euro holds the 4280 level for the same reason. Rumoured large orders in Euro at that level, and this may simply be a journey down to get the buying going.
I'm now long € after the 4180 area held and Swissy turned back at Fridays high.....stop now B/E +1
Trading Levels with WRBs
  • #123
  • Dec 21, 2009 3:23am Dec 21, 2009 3:23am
Thank you mates, see you tomorrow. Please share which broker do you use.

Greetings.
  • #124
  • Dec 21, 2009 3:25am Dec 21, 2009 3:25am
Quoting Islander
I'm now long € after the 4180 area held and Swissy turned back at Fridays high.....stop now B/E +1
And I went long cable at 6091, but the Euro seems so far the better trade.
  • #125
  • Dec 21, 2009 3:39am Dec 21, 2009 3:39am
Quoting medici
And I went long cable at 6091, but the Euro seems so far the better trade.
I'm long cable too after it broke back above 6100.....I'm hoping that the 20 mins it spent around its lows pulled in sufficient buyers to at least get it back to its open level at 6117 - now also the 5m 30 ema.....Time Will Tell
Trading Levels with WRBs
  • #126
  • Dec 21, 2009 3:50am Dec 21, 2009 3:50am
I've closed both trades....so far their respective 30 emas are holding on light volumes...
Trading Levels with WRBs
  • #127
  • Dec 21, 2009 3:51am Dec 21, 2009 3:51am
Quoting Islander
I'm long cable too after it broke back above 6100.....I'm hoping that the 20 mins it spent around its lows pulled in sufficient buyers to at least get it back to its open level at 6117 - now also the 5m 30 ema.....Time Will Tell
Same thinking here. Now short from the 7am levels.
  • #128
  • Dec 21, 2009 3:53am Dec 21, 2009 3:53am
And out for a few.
  • #129
  • Dec 21, 2009 4:14am Dec 21, 2009 4:14am
Euro held at its 4300 level, so I took another long - closed after it stalled with pre FO low acting as resistance....
Trading Levels with WRBs
  • #130
  • Dec 21, 2009 4:17am Dec 21, 2009 4:17am
Quoting Islander
I'm long cable too after it broke back above 6100.....I'm hoping that the 20 mins it spent around its lows pulled in sufficient buyers to at least get it back to its open level at 6117 - now also the 5m 30 ema.....Time Will Tell

It got above its 6117 level and again I banked a few pips......its hard work this morning.....
Trading Levels with WRBs
  • #131
  • Dec 21, 2009 4:24am Dec 21, 2009 4:24am
Quoting Islander
I......its hard work this morning.....
That sums up the morning for me too! Still a day with money in the bank.

And now it seems the action is over for the morning with even less of a direction to things.

Thanks for sharing to all, and see you tomorrow.
  • #132
  • Dec 21, 2009 5:14am Dec 21, 2009 5:14am
Quoting medici
That sums up the morning for me too! Still a day with money in the bank.

And now it seems the action is over for the morning with even less of a direction to things.

Thanks for sharing to all, and see you tomorrow.

Agreed - pips banked and safe - I'll take a look later BFN
Trading Levels with WRBs
  • #133
  • Dec 22, 2009 12:05am Dec 22, 2009 12:05am
Good morning Short Euro at 4295 at shooting star on 5m confirming overnight range. TP: 4278
  • #134
  • Dec 22, 2009 12:10am Dec 22, 2009 12:10am
GM all. This takes some patience. Limited upside in Euro and cable and then shorts soon after 7am again?
  • #135
  • Dec 22, 2009 12:14am Dec 22, 2009 12:14am
Quoting okrutny
Good morning Short Euro at 4295 at shooting star on 5m confirming overnight range. TP: 4278
4291 is 23.6% of yesterday's range, where there seems to be a bit of support.
  • #136
  • Dec 22, 2009 12:26am Dec 22, 2009 12:26am
I got stopped out at BE, because of floating spread. Do you use broker with floating spread? which broker do you use? Short cable at 6062 because support became resistance at 1m chart. Target 6049
  • #137
  • Dec 22, 2009 12:27am Dec 22, 2009 12:27am
And cable seems to be bouncing of the 23.6% line as well.
  • #138
  • Dec 22, 2009 12:34am Dec 22, 2009 12:34am
Quoting okrutny
I got stopped out at BE, because of floating spread. Do you use broker with floating spread? which broker do you use? Short cable at 6062 because support became resistance at 1m chart. Target 6049
Don't mind discussing brokers, but there are other threads for that.

To enter a short, I would like to be able to anticipate order being placed at the level. And my shorts in cable would possibly be in the 6091-6117 area.
  • #139
  • Dec 22, 2009 12:43am Dec 22, 2009 12:43am
You're right. Broken but stopped. So what is your plan for today?
  • #140
  • Dec 22, 2009 12:45am Dec 22, 2009 12:45am
Quoting okrutny
You're right. Broken but stopped. So what is your plan for today?
Too buy lower or sell higher around 7am if price action confirms it.
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