Islander and Medici trade the European open | Page 27 | Forex Factory

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Islander and Medici trade the European open

  • #521
  • Jan 25, 2010 3:32am Jan 25, 2010 3:32am
Quoting Islander
Long after a HL at a time line.....

Edit: also long cable as it pulled back to is LO high, now support.....

Closed both for around B/E......I'm finished for this morning - a difficult narrow ranged session, but I stll managed to bank some pips......back for NYO......BFN
Trading Levels with WRBs
  • #522
  • Jan 25, 2010 3:35am Jan 25, 2010 3:35am
Quoting Islander
I'm finished for this morning - a difficult narrow ranged session, but I stll managed to bank some pips......back for NYO......BFN
Well done. I happy with my pips too given conditions. See you later today.
  • #523
  • Jan 25, 2010 7:56am Jan 25, 2010 7:56am
Cables high at 11 am gmt was close to the 50% retrace of Fridays range and its currently bouncing off its earlier support area ~the 6125 level....

At the same time, Euro managed to get just above its Friday high to its R1 level at about a 45% retrace of last weeks range....its now found support at its DP......

I'll consider selling both bounces.....
Trading Levels with WRBs
  • #524
  • Edited 8:52am Jan 25, 2010 8:35am | Edited 8:52am
Sold € after it held at days open level / falling EMA

Closed for a wash after HL......now I'll wait for the news....
Trading Levels with WRBs
  • #525
  • Jan 25, 2010 9:07am Jan 25, 2010 9:07am
Sold both € and cable after news close to expectations and LHs on 1 min.....


Closed after € failed to make new lows....
Trading Levels with WRBs
  • #526
  • Jan 26, 2010 12:31am Jan 26, 2010 12:31am
GM all - this is what has rattled the markets over night:

http://uk.reuters.com/article/idUKTRE60P0OS20100126

in particular the part about Chinese banks.

Should take some time to digest for people, but seems definitely to turn risk aversion off and be bearish for cable and Euro.
  • #527
  • Jan 26, 2010 1:10am Jan 26, 2010 1:10am
Quoting medici
GM all - this is what has rattled the markets over night:

http://uk.reuters.com/article/idUKTRE60P0OS20100126

in particular the part about Chinese banks.

Should take some time to digest for people, but seems definitely to turn risk aversion off and be bearish for cable and Euro.

GM - thanks for the info.

Cable held at its 50% retrace, had a HL at its DP and then spiked up ~50 pips in 3 minutes - I'd just been called outside to talk to a builder and so missed it http://cdn.forexfactory.com/images/icons/icon11.gif


I've now sold after FO failed to push price any higher.....
Trading Levels with WRBs
  • #528
  • Jan 26, 2010 1:15am Jan 26, 2010 1:15am
Quoting Islander
GM - thanks for the info.

Cable held at its 50% retrace, had a HL at its DP and then spiked up ~50 pips in 3 minutes - I'd just been called outside to talk to a builder and so missed it http://cdn.forexfactory.com/images/icons/icon11.gif


I've now sold after FO failed to push price any higher.....
Spike up to pick up sell orders, but it seem so to be a buy the rumour sell the fact morning. I stole a few pips both up and down...
  • #529
  • Jan 26, 2010 1:19am Jan 26, 2010 1:19am
Quoting Islander
GM - thanks for the info.

Cable held at its 50% retrace, had a HL at its DP and then spiked up ~50 pips in 3 minutes - I'd just been called outside to talk to a builder and so missed it http://cdn.forexfactory.com/images/icons/icon11.gif


I've now sold after FO failed to push price any higher.....

Closed at the 50% retrace of the spike
Trading Levels with WRBs
  • #530
  • Jan 26, 2010 1:23am Jan 26, 2010 1:23am
The spike was just GBP related as Euro and Swissy hardly moved, just cable and GBPCHF....
Trading Levels with WRBs
  • #531
  • Jan 26, 2010 1:24am Jan 26, 2010 1:24am
Quoting Islander
The spike was just GBP related as Euro and Swissy hardly moved, just cable and GBPCHF....
Well, there was a 15 pip 'spike' in the Euro
  • #532
  • Jan 26, 2010 1:28am Jan 26, 2010 1:28am
do you guys have any idea why yen crosses spiked up 120+ pips in 3 minutes? is this common around this time?
  • #533
  • Jan 26, 2010 1:29am Jan 26, 2010 1:29am
7:19 am was the BOJ press conference, someone probably sneezed
  • #534
  • Jan 26, 2010 1:29am Jan 26, 2010 1:29am
Quoting greenBarret
do you guys have any idea why yen crosses spiked up 120+ pips in 3 minutes? is this common around this time?
S&P has adjusted outlook on Japan from stable to negative, so news related.
  • #535
  • Jan 26, 2010 1:37am Jan 26, 2010 1:37am
thanks


Quoting medici
S&P has adjusted outlook on Japan from stable to negative, so news related.
  • #536
  • Jan 26, 2010 1:39am Jan 26, 2010 1:39am
Quoting greenBarret
thanks
You're welcome, and here's the Bloomberg synopsis:

http://www.bloomberg.com/apps/news?p...gR16gjg0&pos=1
  • #537
  • Jan 26, 2010 1:48am Jan 26, 2010 1:48am
Anybody remember this song?

Inserted Video


What few people realise is that it's actually about range bound trading
  • #538
  • Jan 26, 2010 1:56am Jan 26, 2010 1:56am
And this one is about swing trading:

Inserted Video
  • #539
  • Jan 26, 2010 2:07am Jan 26, 2010 2:07am
Quoting medici
Anybody remember this song?

http://www.youtube.com/watch?v=Gy6cqFIljQo

What few people realise is that it's actually about range bound trading

LOL - I've not heard that song for years......I'll hold the trend trading song until its more appropriate....http://cdn.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #540
  • Jan 26, 2010 2:11am Jan 26, 2010 2:11am
Th eEuro was a buy in mid Frankies Hour as it put in a HL ~ its 4075 level......not unexpected after its 100+ fall earlier.....it might reach its S1 at 4120 or a 50% retrace at 4125....currently its held by its MS2 at 4105
Trading Levels with WRBs
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