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Medici trades the London open

  • #341
  • Jan 6, 2010 2:06am Jan 6, 2010 2:06am
Quoting Islander
LOL.....my main excitement is my bloody connection which keeps dropping off....GGGGRRRRR

About 25 mins ago I started a post after I closed a long as price got to my 1 min upper band. I then stated that I'd be looking to buy again around the 6000 level - well I pulled a fib over that move and waited for the pull back which got down just into the Decision Zone (38 - 61) .......then I lost my connection and so missed a great buy for another ~30 pips.......
See, you need to move back to civilisation

Took an 8am short in cable above 6020 for 10.
  • #342
  • Jan 6, 2010 2:24am Jan 6, 2010 2:24am
Quoting medici
See, you need to move back to civilisation

Took an 8am short in cable above 6020 for 10.
What and freeze my what-nots off http://cdn.forexfactory.com/images/icons/icon11.gif.......LOL, I dont "do cold" anymore .....

I did a quick sell off the upper band and took a few before my connection went again.....I'll try to get to the support guys later....but it is a Fiesta in Spain today - well for some.....
Trading Levels with WRBs
  • #343
  • Jan 6, 2010 2:42am Jan 6, 2010 2:42am
The addition of the 30 ema to this TF is fairly new and its looking rather useful.....I wonder if I might call it "The Milker"....
Attached Image (click to enlarge)
Click to Enlarge Name: jan 6 cable 1 min lo plus 40.gif Size: 15 KB
Trading Levels with WRBs
  • #344
  • Jan 6, 2010 2:52am Jan 6, 2010 2:52am
I'm now watching the 6060 resistance area....Dec 29 high, Dec 30 low and Jan 4 low.....now after a double top on the 1 min and I'm short....
Trading Levels with WRBs
  • #345
  • Jan 6, 2010 2:57am Jan 6, 2010 2:57am
TP is todays pivot (6035) +1 pip.....

TP hit for ~15 pips....
Trading Levels with WRBs
  • #346
  • Jan 6, 2010 3:05am Jan 6, 2010 3:05am
Quoting Islander
I'm now watching the 6060 resistance area....Dec 29 high, Dec 30 low and Jan 4 low.....now after a double top on the 1 min and I'm short....
Me too. I wonder whether it could go to the 50% retracement of today's session at around 6005.
  • #347
  • Jan 6, 2010 3:11am Jan 6, 2010 3:11am
That was followed by a bounce up into a LH - so short again.....IF the DP breaks, the TP becomes the 6025 area as prior S & R....also the 150 ema will be there....
Trading Levels with WRBs
  • #348
  • Jan 6, 2010 3:11am Jan 6, 2010 3:11am
Quoting Islander
TP is todays pivot (6035) +1 pip.....

TP hit for ~15 pips....
I'm out for about 20 too, but it's not impossible with a move to 6005.
  • #349
  • Jan 6, 2010 3:20am Jan 6, 2010 3:20am
Quoting medici
Me too. I wonder whether it could go to the 50% retracement of today's session at around 6005.

I've TPd again at the 25 area as I'm thinking that we'll get another bounce and then try for the 6005 / 000 area.....IF € drops too I guess I'll be wrong....
Trading Levels with WRBs
  • #350
  • Jan 6, 2010 3:21am Jan 6, 2010 3:21am
Quoting Islander
I'm now watching the 6060 resistance area....Dec 29 high, Dec 30 low and Jan 4 low.....now after a double top on the 1 min and I'm short....
and .50 fibo yesterday's range I'm short too, daily pivot taken out, what do you say about double top euro 1m chart?
  • #351
  • Jan 6, 2010 3:22am Jan 6, 2010 3:22am
And keep in mind Services PMI in 8 min.
  • #352
  • Jan 6, 2010 3:24am Jan 6, 2010 3:24am
If we didnt have news in a few minutes, I'd look to sell the 6035 area, but for now I'm flat.....
Trading Levels with WRBs
  • #353
  • Jan 6, 2010 3:25am Jan 6, 2010 3:25am
Quoting okrutny
and .50 fibo yesterday's range I'm short too, daily pivot taken out, what do you say about double top euro 1m chart?
Indeed. Euro back in morning range and probably consolidating until 10am news.
  • #354
  • Jan 6, 2010 3:28am Jan 6, 2010 3:28am
Quoting Islander
If we didnt have news in a few minutes, I'd look to sell the 6035 area, but for now I'm flat.....
Who's reading who's mind?
  • #355
  • Jan 6, 2010 3:36am Jan 6, 2010 3:36am
Sold euro at asian high and cable 6039 on 5 ema to 30 ema retracement, below daily pivot but over 4h pivot, PA indicationg bears.
  • #356
  • Jan 6, 2010 3:44am Jan 6, 2010 3:44am
Quoting medici
Who's reading who's mind?
.....

Hey Wolf - I see you're taking a look here - how's things with you.....well I trust.....
Trading Levels with WRBs
  • #357
  • Jan 6, 2010 3:44am Jan 6, 2010 3:44am
Quoting okrutny
Sold euro at asian high and cable 6039 on 5 ema to 30 ema retracement, below daily pivot but over 4h pivot, PA indicationg bears.
And I shorted cable post news. Buy the rumour, sell the fact.
  • #358
  • Jan 6, 2010 3:47am Jan 6, 2010 3:47am
Quoting okrutny
Sold euro at asian high and cable 6039 on 5 ema to 30 ema retracement, below daily pivot but over 4h pivot, PA indicationg bears.
Just comparing 1 min charts as I do, IMO the cable sell was fine, but so far €s stronger and has yet to break its still rising 1 min 30 ema.....I'd be careful with that sell....
Trading Levels with WRBs
  • #359
  • Jan 6, 2010 3:54am Jan 6, 2010 3:54am
Quoting medici
And I shorted cable post news. Buy the rumour, sell the fact.
Agreed - Way To Go.....now IF Swissy holds its Days Open level and bounces back up towards its MR1 and then 0350 level we should get some nice pips out of this sell - and it'll pull € back down too.....TWT
Trading Levels with WRBs
  • #360
  • Jan 6, 2010 3:56am Jan 6, 2010 3:56am
Out at the 6005 level that you mentioned earlier.....
Trading Levels with WRBs
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