Islander and Medici trade the European open | Page 11 | Forex Factory

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Islander and Medici trade the European open

  • #201
  • Jan 12, 2010 7:29am Jan 12, 2010 7:29am
Quoting medici
This could be the reversal. TWT.

There were some nice longs on the way up, though, for us who were at the screens
LOL - yes, I'm still under my daily quota.....banked 15 off that last short and fnow flat for the news....
Trading Levels with WRBs
  • #202
  • Jan 12, 2010 7:47am Jan 12, 2010 7:47am
Short from MR1.

Edit...out for a few.
  • #203
  • Jan 12, 2010 8:02am Jan 12, 2010 8:02am
Quoting medici
Short from MR1.

Edit...out for a few.

Ditto - still holding......

Edit - closed at DP......looking to repeat after a pull back
Trading Levels with WRBs
  • #204
  • Jan 12, 2010 8:25am Jan 12, 2010 8:25am
[quote=Islander;3358834]Ditto - still holding......

Edit - closed at DP......looking to repeat after a pull back[/quote]

and done at the 30ema.....a Lower High
Trading Levels with WRBs
  • #205
  • Jan 12, 2010 8:33am Jan 12, 2010 8:33am
[quote=Islander;3358900]
Quoting Islander
Ditto - still holding......

Edit - closed at DP......looking to repeat after a pull back[/quote]

and done at the 30ema.....a Lower High
Very well done. I have to go now. Thanks for today and see you tomorrow.
  • #206
  • Jan 12, 2010 9:25am Jan 12, 2010 9:25am
[quote=medici;3358918]
Quoting Islander

Very well done. I have to go now. Thanks for today and see you tomorrow.

Thanks, I'll be here - although I do have another mid-morning appointment
Trading Levels with WRBs
  • #207
  • Jan 12, 2010 9:50am Jan 12, 2010 9:50am
[quote=Islander;3358900]
Quoting Islander
Ditto - still holding......

Edit - closed at DP......looking to repeat after a pull back[/quote]

and done at the 30ema.....a Lower High
good job, keep it up...

TipTop
  • #208
  • Jan 12, 2010 10:14am Jan 12, 2010 10:14am
Quoting ozmacca
Hi,

I notice that you both monitor EU as well as GU.
I also monitor the Swissy
I have read that EU is the biggest turnover of all pairs but GU moves further (usually) so I guess that is why you mainly trade GU.
Correct, GU is usually more volatile and thus I trade it more than EU
Can you tell me please, does the GU follow the EU or are you looking for both to act in unison.
[color=blue]In the absence of any overall trend I expect them to have similar moves, turning points etc ....
These are just my opinions - hope it helps....
Trading Levels with WRBs
  • #209
  • Jan 12, 2010 11:26am Jan 12, 2010 11:26am
hi,

Still lurking away and absorbing the thread - i've found it difficult the past 2 days to pick direction - yesterday I wasn't sure and hesitated too long to enter long, then when I went long, it went down...so not a good day - this morning was better, but got caught up in the chop monster, where waiting for confirmation of direction, meant few pips postive, hestitate and they were gone, change direction ditto...eventually I stopped as I didn't want to give everything back..

I see this afternoon was marginally better. I think I need to do some more chart scrolling to try and gain more confidence in pivot levels and ma's, particularly regarding when to exit, whether in a positive or negative trade.

thanks for keeping everything going.
  • #210
  • Jan 12, 2010 1:48pm Jan 12, 2010 1:48pm
Interesting article on daily fx re £/$ on scalping
  • #211
  • Jan 12, 2010 11:59pm Jan 12, 2010 11:59pm
Quoting annieb
hi,

Still lurking away and absorbing the thread - i've found it difficult the past 2 days to pick direction - yesterday I wasn't sure and hesitated too long to enter long, then when I went long, it went down...so not a good day - this morning was better, but got caught up in the chop monster, where waiting for confirmation of direction, meant few pips postive, hestitate and they were gone, change direction ditto...eventually I stopped as I didn't want to give everything back..

I see this afternoon was marginally better. I think I need to...
Hi Annie,

I certainly made a mess of yesterday morning, but did better on Monday. Sometimes one needs to take a look at 1 hour charts to figure the morning session out, and yesterday was one of those days, but I was too lazy to look at the 1 hour chart which made it obvious that it would be a 'down to pick up buy orders session' just like Monday, but that 6061 was the target level.
Attached Image (click to enlarge)
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  • #212
  • Jan 13, 2010 12:01am Jan 13, 2010 12:01am
Quoting annieb
Interesting article on daily fx re £/$ on scalping
Thanks. Do you have a link to that article?
  • #213
  • Jan 13, 2010 12:02am Jan 13, 2010 12:02am
Quoting medici
Hi Annie,

I certainly made a mess of yesterday morning, but did better on Monday. Sometimes one needs to take a look at 1 hour charts to figure the morning session out, and yesterday was one of those days, but I was too lazy to look at the 1 hour chart which made it obvious that it would be a 'down to pick up buy orders session' just like Monday, but that 6061 was the target level.

Hi Medici
Would you put MFI 14 setting on your 1hr and see if it picks bottom yesterday as well as fxpro did. Different brokers have diff vol so MFI can be different. On fxpro if it hits 80 or 20 level there is very high prob of a reversal. Seems to be very good on 15 min also.
  • #214
  • Jan 13, 2010 12:04am Jan 13, 2010 12:04am
My 1 hr.
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  • #215
  • Jan 13, 2010 12:11am Jan 13, 2010 12:11am
Quoting Vantage
Hi Medici
Would you put MFI 14 setting on your 1hr and see if it picks bottom yesterday as well as fxpro did. Different brokers have diff vol so MFI can be different. On fxpro if it hits 80 or 20 level there is very high prob of a reversal. Seems to be very good on 15 min also.
GM V. There you go. Interesting indicator. Will read up on it. Thanks for pointing it out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 12 jan mfi 1h.jpg Size: 273 KB
Click to Enlarge Name: cable 12 jan mfi 15m.jpg Size: 202 KB
  • #216
  • Jan 13, 2010 12:24am Jan 13, 2010 12:24am
Vantage, how long have you been with fxpro? I just opened a new account there. I would like to get your feedback.
Thanks...
  • #217
  • Jan 13, 2010 12:28am Jan 13, 2010 12:28am
Quoting okfx
Vantage, how long have you been with fxpro? I just opened a new account there. I would like to get your feedback.
Thanks...
About a year, very happy with them. The best mt4 broker I've used (out of 5).
  • #218
  • Jan 13, 2010 12:39am Jan 13, 2010 12:39am
GM all - there was a nice buy in cable as the 30 ema held at ~the MR1 level pushing cable above its 6200 level and thus making new highs for the week. Will this be THE high.....TWT

Euro which has so far remained in a 100 pip sideways range also showed a buy and has just tested and pulled back from its 4500 level which is the middle of its current channel
Trading Levels with WRBs
  • #219
  • Jan 13, 2010 12:43am Jan 13, 2010 12:43am
Quoting Islander
GM all - there was a nice buy in cable as the 30 ema held at ~the MR1 level pushing cable above its 6200 level and thus making new highs for the week. Will this be THE high.....TWT
GM Islander. Missed that buy...and asking myself the same question. Might go a lot higher though...
  • #220
  • Jan 13, 2010 12:52am Jan 13, 2010 12:52am
Quoting medici
GM Islander. Missed that buy...and asking myself the same question. Might go a lot higher though...
Agreed, I'm watching to see IF R1 at 6216 holds and also what Euro & Swissy do.....but for cable the trend is up and I'm not looking to sell without a clear signal.....and the last 1 min signal was a buy as the 6200 level held after 25 mins of sideways consolidation allowed the 1m 30 ema to confirm continuation....
Trading Levels with WRBs
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