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Medici trades the London open

  • #141
  • Dec 21, 2009 10:50pm Dec 21, 2009 10:50pm
GM - we had a power cut over-night so had to restart 'puters, heating etc etc....and now my main MT4 broker has changed to 5 digits and that messes up loads of indicators etc....ggggrrrrr

I had a limit sell over-night at 6095 which wasnt hit, so I've sold 6058 after the Lower 5 min High about half an hour ago
Trading Levels with WRBs
  • #142
  • Dec 21, 2009 10:53pm Dec 21, 2009 10:53pm
I think PA confirms support at 4287 euro, and why not short cable at 6075? Orders aren't there expected?
  • #143
  • Dec 21, 2009 10:54pm Dec 21, 2009 10:54pm
Quoting Islander
GM - we had a power cut over-night so had to restart 'puters, heating etc etc....and now my main MT4 broker has changed to 5 digits and that messes up loads of indicators etc....ggggrrrrr

I had a limit sell over-night at 6095 which wasnt hit, so I've sold 6058 after the Lower 5 min High about half an hour ago
Poor you! Ever thought about moving back to England?

And I see possible longs in Euro and cable around 4285 and 6051 for a possible journey to sell orders placed higher.
  • #144
  • Dec 21, 2009 11:06pm Dec 21, 2009 11:06pm
Long cable from 6050. We'll see how it goes. Thin market.
  • #145
  • Dec 21, 2009 11:08pm Dec 21, 2009 11:08pm
Quoting medici
Poor you! Ever thought about moving back to England?

And I see possible longs in Euro and cable around 4285 and 6051 for a possible journey to sell orders placed higher.
LOL - thanks - I dont "do" snow anymore - and from what I've heard neither does the UK .....whilst it was only 8º when I went to bed, a nice southerly wind has arrived and so its now a balmy 15º.....

I banked a few pips when the 6050 level held....I was hoping for a drop to the earlier support at the Days Open / MS1 / 6035 area

Now I have the DAily Pivot above at 6076, then MR1 / 6100 level....I'll sell off either or both of those...
Trading Levels with WRBs
  • #146
  • Dec 21, 2009 11:09pm Dec 21, 2009 11:09pm
Quoting okrutny
I think PA confirms support at 4287 euro, and why not short cable at 6075? Orders aren't there expected?
Wouldn't do a blind short at 6075 the way the levels look. 6091-6117 more likely.
  • #147
  • Dec 21, 2009 11:10pm Dec 21, 2009 11:10pm
Quoting Islander
I dont "do" snow anymore - and from what I've heard neither does the UK ....
I sat in traffic half of yesterday.........
  • #148
  • Dec 21, 2009 11:13pm Dec 21, 2009 11:13pm
Quoting Islander

Now I have the DAily Pivot above at 6076, then MR1 / 6100 level....I'll sell off either or both of those...
4317-20 seems like such a sweet spot for Euro, and there are rumoured orders there, so I'd like to short cable when the Euro hits that area.
  • #149
  • Dec 21, 2009 11:35pm Dec 21, 2009 11:35pm
Quoting medici
4317-20 seems like such a sweet spot for Euro, and there are rumoured orders there, so I'd like to short cable when the Euro hits that area.

Euro reached that area - my limit in cable at 6095 didnt get hit, so I sold at 6090
Trading Levels with WRBs
  • #150
  • Dec 21, 2009 11:35pm Dec 21, 2009 11:35pm
Quoting Islander
Euro reached that area - my limit in cable at 6095 didnt get hit, so I sold at 6090
That makes two of us!
  • #151
  • Dec 21, 2009 11:41pm Dec 21, 2009 11:41pm
Quoting medici
That makes two of us!
I've already closed when it stalled just above the DP level of 6077....looking to sell higher again
Trading Levels with WRBs
  • #152
  • Dec 21, 2009 11:42pm Dec 21, 2009 11:42pm
Short again at 096....
Trading Levels with WRBs
  • #153
  • Dec 21, 2009 11:42pm Dec 21, 2009 11:42pm
Quoting Islander
Short again at 096....
Hey, we're two birds of a feather!
  • #154
  • Dec 21, 2009 11:51pm Dec 21, 2009 11:51pm
....I missed buying when the DP became support and I'm still worried that we might breakout above the 6100 level - hence I've got a tight trailing stop.....as long as Swissy holds > its DP at 0442 I'm happy being short....now watching cables DP area....
Trading Levels with WRBs
  • #155
  • Dec 21, 2009 11:55pm Dec 21, 2009 11:55pm
Quoting Islander
....I missed buying when the DP became support and I'm still worried that we might breakout above the 6100 level - hence I've got a tight trailing stop.....as long as Swissy holds > its DP at 0442 I'm happy being short....now watching cables DP area....
Euro has done 61.8% of yesterday and cable 50%. This could be the end of the upside.
  • #156
  • Dec 22, 2009 12:01am Dec 22, 2009 12:01am
Quoting medici
Euro has done 61.8% of yesterday and cable 50%. This could be the end of the upside.
LOL - I missed those fibs - considering that I ran a fibs thread for a while that's very bad..http://cdn.forexfactory.com/images/icons/icon11.gif....I closed in the spike down thru the 5m 30 ema...
Trading Levels with WRBs
  • #157
  • Dec 22, 2009 12:04am Dec 22, 2009 12:04am
Quoting Islander
LOL - I missed those fibs - considering that I ran a fibs thread for a while that's very bad..http://cdn.forexfactory.com/images/icons/icon11.gif....I closed in the spike down thru the 5m 30 ema...
I'm out too, and now this will settle into a range, I think. Time to count the pirate gold!
  • #158
  • Dec 22, 2009 12:12am Dec 22, 2009 12:12am
Quoting medici
I'm out too, and now this will settle into a range, I think. Time to count the pirate gold!

Agreed, LO hasnt brought much action so far and I wonder just how many "big" traders have managed / bothered to get to their desks today.....I had a London broker phone me yesterday - he lives in Kent and couldnt even make the 2 miles to the station.....

Right now, pirating my daily quota of dubloons is hard work and yesterday I had to use the NY session to get above my minimum daily level.....but I managed
Trading Levels with WRBs
  • #159
  • Dec 22, 2009 12:24am Dec 22, 2009 12:24am
My signals off my 1 min chart.....I'm cross that I missed the buy off the 6050 level at FO. I didnt take the last buy off the HL just after LO as I'm favouring the short side...mmm and that's against the rising MAs.....
Attached Image (click to enlarge)
Click to Enlarge Name: dec 22 cable 1m lo plus 20m.gif Size: 17 KB
Trading Levels with WRBs
  • #160
  • Dec 22, 2009 12:31am Dec 22, 2009 12:31am
Quoting Islander
Agreed, LO hasnt brought much action so far and I wonder just how many "big" traders have managed / bothered to get to their desks today.....I had a London broker phone me yesterday - he lives in Kent and couldnt even make the 2 miles to the station.....

Right now, pirating my daily quota of dubloons is hard work and yesterday I had to use the NY session to get above my minimum daily level.....but I managed
No, I can't imagine anybody putting on large spec positions this side of the New Year, but dealers still have commission to earn, and some orders were obviously on the books. In all a classic London morning following patterns that have played themselves out countless times.

The NY sessions have been more benevolent than usually lately, with less spec folks around and heavy dollar buying by US corporates. However, my afternoon was spent watching the beautiful snowfall in gear one moving 100ft a minute Would have liked to collect some pips yesterday afternoon

As for 8am LO, that's what the websites say, but 7am is when things get started as evident from the charts. 8am is often a time when things, like today, go quiet.
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