Islander and Medici trade the European open | Page 29 | Forex Factory

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Islander and Medici trade the European open

  • #561
  • Jan 26, 2010 4:17am Jan 26, 2010 4:17am
Quoting medici
Here's my trend trading song:

http://www.youtube.com/watch?v=cv-0mmVnxPA
Hey medici,

its funny you should post this song,as i said earlier ,that is a fav tune of mine........ not heard it for a long time.....

my wife has been waiting on contact regarding a job,(she has not worked for years)....................minutes ago she has had a call ,and bingo she is a "Working Girl"

Spooky eh! Thanks
  • #562
  • Jan 26, 2010 4:19am Jan 26, 2010 4:19am
Quoting FOURX
Hey medici,

its funny you should post this song,as i said earlier ,that is a fav tune of mine........ not heard it for a long time.....

my wife has been waiting on contact regarding a job,(she has not worked for years)....................minutes ago she has had a call ,and bingo she is a "Working Girl"

Spooky eh! Thanks
One of my favourites too. Congratulations to you and your wife!
  • #563
  • Jan 26, 2010 4:22am Jan 26, 2010 4:22am
  • #564
  • Jan 26, 2010 5:36am Jan 26, 2010 5:36am
Hello Medici and Islander, well I was happy with that spike up today in the FO to the 6250 area, picked up 20 pips on two trades sold on the first hesitation and sold again on a retest. But I'm having fun on the Euro, the pivots work so well on the euro, the bounces on it, daily quota exceeded with scalps on the bounce up and down between MS3, S2 and MS2..
  • #565
  • Jan 26, 2010 5:55am Jan 26, 2010 5:55am
Quoting megamo
Hello Medici and Islander, well I was happy with that spike up today in the FO to the 6250 area, picked up 20 pips on two trades sold on the first hesitation and sold again on a retest. But I'm having fun on the Euro, the pivots work so well on the euro, the bounces on it, daily quota exceeded with scalps on the bounce up and down between MS3, S2 and MS2..
Well done, mate!
  • #566
  • Jan 26, 2010 8:19am Jan 26, 2010 8:19am
8:05am est saw the highs in € and cable and as cxable's was only 2 pips above its high half an hour earlier it was reasonable to expect a fall.

The resulting one was ~50 pips in the next hour and the rejecting of the S1 / fast and slow EMAs ~ 6130 was a clear signal for the drop to under the 6100 level.

I'll now watch for action around 9:30 est and then with the news at 10am est
Trading Levels with WRBs
  • #567
  • Jan 26, 2010 9:01am Jan 26, 2010 9:01am
with the range extended so far, i'm lookin countertrend, picked up 15 pips up crossing north of 6100.
  • #568
  • Jan 26, 2010 9:12am Jan 26, 2010 9:12am
longed the euro at 4055 and exited at 4065, guys I think i'll call it a day and keep the profits in the bank.. Hope you all did very well today. Its one of the few days I looked at the euro, usdyen, and gbp, it really helps having all these charts up and you can get to see if the moves that are happening are broad moves or isolated price spikes in your particular pair. It gave me more confidence today on holding onto trades looking at them. See you all tomorrow..

Ron
  • #569
  • Jan 27, 2010 12:25am Jan 27, 2010 12:25am
GM all. Where will the selling begin is the question it seems. Euro has difficulties getting above 4069, and 6131-34 look like possible levels in cable. But you never know, so let's see what happens around those levels.
  • #570
  • Jan 27, 2010 12:26am Jan 27, 2010 12:26am
It's China again:

http://www.bloomberg.com/apps/news?p...EHN6gnaw&pos=2
  • #571
  • Jan 27, 2010 12:29am Jan 27, 2010 12:29am
Quoting medici
GM all. Where will the selling begin is the question it seems. Euro has difficulties getting above 4069, and 6131-34 look like possible levels in cable. But you never know, so let's see what happens around those levels.
After nice 1hr hammer i'd expect higher than that, we'll see.

My mom has been in quite a bad way, lots of trips to doctors/specialists/x-rays in last 2 days. Don't think we're done yet. Might not even trade today, heads not right, we'll see.
  • #572
  • Jan 27, 2010 12:36am Jan 27, 2010 12:36am
Quoting Vantage
After nice 1hr hammer i'd expect higher than that, we'll see.

My mom has been in quite a bad way, lots of trips to doctors/specialists/x-rays in last 2 days. Don't think we're done yet. Might not even trade today, heads not right, we'll see.
Sorry to hear about your mom. Best wishes for her recovery.

As for higher, the Euro is still under 4069 and I shorted cable at 6140. TWT.
  • #573
  • Jan 27, 2010 12:39am Jan 27, 2010 12:39am
Quoting medici
Sorry to hear about your mom. Best wishes for her recovery.

As for higher, the Euro is still under 4069 and I shorted cable at 6140. TWT:
Thanks medici.


I have days open there, a very good chance sellers will move in there, couldn't get myself interested to press the button, a sure sign not to trade today!!!!!!!!!!!
  • #574
  • Jan 27, 2010 12:52am Jan 27, 2010 12:52am
Out now. Waiting for 7am.
  • #575
  • Jan 27, 2010 1:02am Jan 27, 2010 1:02am
Quoting medici
Out now. Waiting for 7am.

GM - that was a nice one
Trading Levels with WRBs
  • #576
  • Jan 27, 2010 1:05am Jan 27, 2010 1:05am
Quoting Islander
GM - that was a nice one
GM. Not so sure about the short now...
  • #577
  • Jan 27, 2010 1:08am Jan 27, 2010 1:08am
Here's to indecisive price action:

Inserted Video
  • #578
  • Jan 27, 2010 1:21am Jan 27, 2010 1:21am
Quoting medici
GM. Not so sure about the short now...
Agreed, GBPCHF is still showing strength, so cable's not able to fall.....Euro was a better sell....
Trading Levels with WRBs
  • #579
  • Jan 27, 2010 1:21am Jan 27, 2010 1:21am
Here's my interpretation of things: Solid cable bids around 1.6100-10 (B. of India yesterday) that nobody wants to challenge. Stops in Euro under 4030 that look vulnerable so let's go for them.
  • #580
  • Jan 27, 2010 1:22am Jan 27, 2010 1:22am
Quoting Islander
Agreed, GBPCHF is still showing strength, so cable's not able to fall.....Euro was a better sell....
How many times have we regretted not focusing more on the Euro???
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