Islander and Medici trade the European open | Page 6 | Forex Factory

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Islander and Medici trade the European open

  • #101
  • Jan 11, 2010 2:07am Jan 11, 2010 2:07am
Quoting Islander
First class trading http://cdn.forexfactory.com/images/icons/icon14.gif what a start to the week!.....the 035 levels are the other of cable's "special levels" that I watch http://cdn.forexfactory.com/images/icons/icon12.gif
Thanks, and in again at around 8am. Euro hit the 4480 level at the same time with good signs of buying, so why not join the ride?
  • #102
  • Jan 11, 2010 2:11am Jan 11, 2010 2:11am
Thanks Islander. Still learning from you guys and I even take the same trades sometimes. Nearly every day is now profitable, thank you.

Medici has introduced me to a whole new range of concepts, and so the learning continues. Looking forward to the journey...........
  • #103
  • Jan 11, 2010 2:18am Jan 11, 2010 2:18am
Quoting Vantage
Hi Islander
Good to be here, hope to learn from you guys as usual.

Medici I didn't have a 5 min doji on fxpro charts, thought that buy was inspired!!
Hi, and welcome to the thread. Less than a pip between open and close was the point whether that makes it a doji or not. And it was a buy by the rules I play by.
  • #104
  • Jan 11, 2010 2:18am Jan 11, 2010 2:18am
Quoting medici
Thanks, and in again at around 8am. Euro hit the 4480 level at the same time with good signs of buying, so why not join the ride?
And now out.
  • #105
  • Jan 11, 2010 2:20am Jan 11, 2010 2:20am
I sold after the 035 level held as an equal high with lower momentum. Smaller size as its against the still rising MAs....
Trading Levels with WRBs
  • #106
  • Jan 11, 2010 2:21am Jan 11, 2010 2:21am
I did miss the 1st lh 1 min sell at 6131 then bought this HL off 5 min. Out at +17 when 6136 held a few times.
Attached Image (click to enlarge)
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  • #107
  • Jan 11, 2010 2:22am Jan 11, 2010 2:22am
Quoting Islander
I sold after the 035 level held as an equal high with lower momentum. Smaller size as its against the still rising MAs....

Closed for 10 pips at the R1 level.....now we need a LH to confirm that cable's rolling over.....
Trading Levels with WRBs
  • #108
  • Jan 11, 2010 2:32am Jan 11, 2010 2:32am
I just noticed this news item....ECB President Trichet Speaks - sometime this morning - IF he says something unexpected it will bring volatility....
Trading Levels with WRBs
  • #109
  • Jan 11, 2010 2:32am Jan 11, 2010 2:32am
Quoting Vantage
I did miss the 1st lh 1 min sell at 6131 then bought this HL off 5 min. Out at +17 when 6136 held a few times.
Thanks, Vantage, for contributing, and thanks for chart. Do you find the HMAs useful?
  • #110
  • Jan 11, 2010 2:34am Jan 11, 2010 2:34am
Quoting medici
Thanks, Vantage, for contributing, and thanks for chart. Do you find the HMAs useful?
Sorry HMA?
  • #111
  • Jan 11, 2010 2:35am Jan 11, 2010 2:35am
Can't help but think we're going above 6135 here.
  • #112
  • Jan 11, 2010 2:36am Jan 11, 2010 2:36am
Quoting Vantage
Sorry HMA?
I may be mistaken but it looks like the MA on your chart is a Hull Moving Average, no?
  • #113
  • Jan 11, 2010 2:38am Jan 11, 2010 2:38am
Quoting medici
I may be mistaken but it looks like the MA on your chart is a Hull Moving Average, no?
Hull of course dooh!

Its a normal linear weighted MA at 8. HL/LH crossings of this tend to be pretty good signals in themselves I find.
  • #114
  • Jan 11, 2010 2:45am Jan 11, 2010 2:45am
Quoting Vantage

Its a normal linear weighted MA at 8. HL/LH crossings of this tend to be pretty good signals in themselves I find.
Much better! Actually, somebody did a rigorous statistical study of the predictive power of MAs, and it turned out that the LWMAs beat all the usual MAs but also all the fancy ones such as Hull, Kaufman, etc. I use LWMAs as well.
  • #115
  • Jan 11, 2010 2:47am Jan 11, 2010 2:47am
Quoting Vantage
Can't help but think we're going above 6135 here.
Did indeed pop to 6150 but we have potential 1hr rsi divergence, we'll see how this candle closes.
Attached Image (click to enlarge)
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  • #116
  • Jan 11, 2010 2:49am Jan 11, 2010 2:49am
15 min 1st real upper wick on good vol. Also rsi divergence.
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  • #117
  • Jan 11, 2010 3:00am Jan 11, 2010 3:00am
Quoting Vantage
15 min 1st real upper wick on good vol. Also rsi divergence.
I'd expect plenty of sell orders from 6140 (23.6% of end of Dec up move) up to 6162 (23.6% of the range from early July), and more than this timid buying would be needed to break through that. But I've been wrong before...
  • #118
  • Jan 11, 2010 3:05am Jan 11, 2010 3:05am
Quoting medici
Much better! Actually, somebody did a rigorous statistical study of the predictive power of MAs, and it turned out that the LWMAs beat all the usual MAs but also all the fancy ones such as Hull, Kaufman, etc. I use LWMAs as well.

Mmmm.....interesting......I'll take another look and try the LWMAs on a couple of TFs
Trading Levels with WRBs
  • #119
  • Jan 11, 2010 3:12am Jan 11, 2010 3:12am
Good Morning EV

For those that would like to experiment with different MAs, this indy has 17 different ones - and its slopes are colour coded!
Attached File(s)
File Type: mq4 AllAverages_v2.1 cc.mq4   15 KB | 497 downloads
File Type: ex4 AllAverages_v2.1 cc.ex4   21 KB | 382 downloads
Trading Levels with WRBs
  • #120
  • Jan 11, 2010 3:14am Jan 11, 2010 3:14am
Quoting Islander
Good Morning EV

For those that would like to experiment with different MAs, this indy has 17 different ones - and its slopes are colour coded!
Thanks! Will explore.
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