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Islander and Medici trade the European open

  • #221
  • Edited 1:13am Jan 13, 2010 1:02am | Edited 1:13am
Quoting Islander
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....
There are those mornings when there are very shallow retracements and this morning seems to be one of them so I bought on the retracement down to 6205.

Edit...and out.
  • #222
  • Jan 13, 2010 1:12am Jan 13, 2010 1:12am
Quoting medici
There are those mornings when there are very shallow retracements and this morning seems to be one of them so I bought on the retracement down to 6205.
Nice....the pushes up are loosing their momentum....the moves have been 38pips, then 22 and the last 19, with the last high only 5 pips above the previous one.....IF we get a LH on the 1 min I'll take a half lot sell....
Trading Levels with WRBs
  • #223
  • Jan 13, 2010 1:14am Jan 13, 2010 1:14am
Quoting Islander
Nice....the pushes up are loosing their momentum....the moves have been 38pips, then 22 and the last 19, with the last high only 5 pips above the previous one.....IF we get a LH on the 1 min I'll take a half lot sell....
Like twins you said...I'm out and looking to do the same.
  • #224
  • Jan 13, 2010 1:24am Jan 13, 2010 1:24am
Quoting medici
Like twins you said...I'm out and looking to do the same.
...sold half lot after R1 held
Trading Levels with WRBs
  • #225
  • Jan 13, 2010 1:29am Jan 13, 2010 1:29am
Quoting Islander
...sold half lot after R1 held
I'm in too.
  • #226
  • Jan 13, 2010 1:35am Jan 13, 2010 1:35am
Quoting medici
I'm in too.
I was almost but not yet. Shallow retrace = higher???????
  • #227
  • Jan 13, 2010 1:36am Jan 13, 2010 1:36am
Quoting Vantage
Shallow retrace = higher???????
Sometimes, yes definitely.
  • #228
  • Jan 13, 2010 1:36am Jan 13, 2010 1:36am
closed for -2 after it failed to reach the 00 level and made a HL
Trading Levels with WRBs
  • #229
  • Jan 13, 2010 1:41am Jan 13, 2010 1:41am
It now looks like cable will test its Jan / Dec31 highs ~the 6235 level....I'll stand aside and see what happens....
Trading Levels with WRBs
  • #230
  • Jan 13, 2010 1:44am Jan 13, 2010 1:44am
Quoting Islander
closed for -2 after it failed to reach the 00 level and made a HL
About the same here...
  • #231
  • Jan 13, 2010 1:58am Jan 13, 2010 1:58am
Quoting Islander
It now looks like cable will test its Jan / Dec31 highs ~the 6235 level....I'll stand aside and see what happens....

so the last push up got to 6232 and 10 minutes later there was a LH.....will this be THE signal.....TWT, but I'm now waiting for LO.....

Euro's high was just after FO and its been slowly falling and is under its 5m 30ema and DP....
Trading Levels with WRBs
  • #232
  • Jan 13, 2010 2:06am Jan 13, 2010 2:06am
Quoting Islander
so the last push up got to 6232 and 10 minutes later there was a LH.....will this be THE signal.....TWT, but I'm now waiting for LO.....

Euro's high was just after FO and its been slowly falling and is under its 5m 30ema and DP....
Morning's like this one makes me wonder whether I should focus on the Euro instead. So much easier to read.

I'm short cable from the retrace to R1, but what a nice short the lower high at 4502 in the Euro would have been.....
  • #233
  • Jan 13, 2010 2:06am Jan 13, 2010 2:06am
I sold both cable and euro....
Trading Levels with WRBs
  • #234
  • Jan 13, 2010 2:11am Jan 13, 2010 2:11am
Quoting medici
Morning's like this one makes me wonder whether I should focus on the Euro instead. So much easier to read.

I'm short cable from the retrace to R1, but what a nice short the lower high at 4502 in the Euro would have been.....

Agreed, the Euro always has a much clearer chart and cable's TPs frequently line up with €s ......cable just jumps about much more, thus more potential for profit......or loss http://cdn.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #235
  • Jan 13, 2010 2:13am Jan 13, 2010 2:13am
Quoting Islander
I sold both cable and euro....
  • #236
  • Jan 13, 2010 2:19am Jan 13, 2010 2:19am
Quoting Islander
Agreed, the Euro always has a much clearer chart and cable's TPs frequently line up with €s ......cable just jumps about much more, thus more potential for profit......or loss http://cdn.forexfactory.com/images/icons/icon11.gif
Exactly, and I'm thinking that unless cable is really easy too read it's a better idea to stay away and trade the Euro.
  • #237
  • Jan 13, 2010 2:22am Jan 13, 2010 2:22am
Quoting Islander
I sold both cable and euro....

closed both....cable bounced off yesterdays high which earlier was resistance
Trading Levels with WRBs
  • #238
  • Jan 13, 2010 2:22am Jan 13, 2010 2:22am
Quoting Islander
closed both....cable bounced off yesterdays high which earlier was resistance
Same here...again...
  • #239
  • Jan 13, 2010 2:23am Jan 13, 2010 2:23am
Quoting Islander
closed both....cable bounced off yesterdays high which earlier was resistance

now another small sell off R1
Trading Levels with WRBs
  • #240
  • Jan 13, 2010 2:24am Jan 13, 2010 2:24am
Quoting Islander
now another small sell off R1
Do I need to say I did the same....
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