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Islander and Medici trade the European open

  • #581
  • Edited 1:59am Jan 27, 2010 1:38am | Edited 1:59am
Quoting medici
How many times have we regretted not focusing more on the Euro???


Too many.....and even GBPCHF gives a smoother ride than cable does these days.....so much so that I've even broken out Ed Seykota's old song.....

Darnit - I cant post the link ......its in YouTube under The Trading Tribe....perhaps someone else can post it....I'm having trouble...
Trading Levels with WRBs
  • #582
  • Jan 27, 2010 1:49am Jan 27, 2010 1:49am
Quoting Islander
Too many.....and even GBPCHF gives a smoother ride than cable does these days.....so much so that I've even broken out Ed Deckota's old song.....

Darnit - I cant post the link ......its in YouTube under The Trading Tribe....perhaps someone else can post it....I'm having trouble...
This one?

Inserted Video
  • #583
  • Jan 27, 2010 1:51am Jan 27, 2010 1:51am
Quoting medici
This one?

http://www.youtube.com/watch?v=LiE1VgWdcQM


Yes - thanks - IMO its "The" traders song....
Trading Levels with WRBs
  • #584
  • Jan 27, 2010 1:52am Jan 27, 2010 1:52am
Quoting Islander
Yes - thanks - IMO its "The" traders song....
Never heard it before. Really good. Thanks for posting it.
  • #585
  • Jan 27, 2010 1:52am Jan 27, 2010 1:52am
I sold cable after it turned back under its 6150 level....also under its DP
Trading Levels with WRBs
  • #586
  • Jan 27, 2010 2:02am Jan 27, 2010 2:02am
Quoting medici
Never heard it before. Really good. Thanks for posting it.
I guess you remember that Ed Seykota was one of the original Market Wizards in Jack Schwager's first book....he also has an interesting web site....

http://www.seykota.com/tribe/
Trading Levels with WRBs
  • #587
  • Jan 27, 2010 2:03am Jan 27, 2010 2:03am
Quoting Islander
I guess you remember that Ed Seykota was one of the original Market Wizards in Jack Schwager's first book....
Of course...
  • #588
  • Jan 27, 2010 2:21am Jan 27, 2010 2:21am
Quoting Islander
I sold cable after it turned back under its 6150 level....also under its DP
And I sold after 8am. Out now. Let's play that whipsaw song again, shall we?
  • #589
  • Jan 27, 2010 2:26am Jan 27, 2010 2:26am
Quoting medici
And I sold after 8am. Out now. Let's play that whipsaw song again, shall we?

LOL - I am and with my volume cranked right up......its a real foot tapper and never ceases to put a smile on my face and restore me to sanity when I've been whipsawed out of a trade......

BTW, I'm still short cable, looking for a test of the Asian low.....
Trading Levels with WRBs
  • #590
  • Jan 27, 2010 2:35am Jan 27, 2010 2:35am
Quoting Islander
LOL - I am and with my volume cranked right up......its a real foot tapper and never ceases to put a smile on my face and restore me to sanity when I've been whipsawed out of a trade......

BTW, I'm still short cable, looking for a test of the Asian low.....
I got out at 6131. Not as good entry as yours...
  • #591
  • Edited 2:54am Jan 27, 2010 2:43am | Edited 2:54am
Like so many mornings, actions quieten down at 8.30am. Notice the timing of things. First half an hour of buying, 7 to 7.30, then an hour of selling, and now coffee break at the dealing desks.
  • #592
  • Jan 27, 2010 2:56am Jan 27, 2010 2:56am
Quoting Islander

BTW, I'm still short cable, looking for a test of the Asian low.....
Excellent anticipation.
  • #593
  • Jan 27, 2010 3:05am Jan 27, 2010 3:05am
Quoting medici
Excellent anticipation.

Thanks - I took half off there.....then closed the remainder after it failed to go lower and held at the MS1
Trading Levels with WRBs
  • #594
  • Jan 27, 2010 3:14am Jan 27, 2010 3:14am
Quoting medici
Like so many mornings, actions quieten down at 8.30am. Notice the timing of things. First half an hour of buying, 7 to 7.30, then an hour of selling, and now coffee break at the dealing desks.
LOL - I guess that's a good timetable to follow - that way there's time for us to get coffee too, although my wife brings me one before she goes out a little before LO....http://cdn.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #595
  • Jan 27, 2010 3:14am Jan 27, 2010 3:14am
Quoting Islander
Thanks - I took half off there.....then closed the remainder after it failed to go lower and held at the MS1
Very well traded. As to the Euro/cable discussion, I am wondering whether it's a good rule to focus on the cleaner chart rather than trying to figure out the other one. Cleaner chart usually means cleaner trend "...and what do we catch a trend? We ride that trend right through the end."
  • #596
  • Jan 27, 2010 3:17am Jan 27, 2010 3:17am
Quoting Islander
Thanks - I took half off there.....then closed the remainder after it failed to go lower and held at the MS1

Now with my 20 / 20 hindsight I can see it as a 1min reverse head and shoulders and a buy for a 35 pip bounce.....http://cdn.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #597
  • Jan 27, 2010 3:19am Jan 27, 2010 3:19am
Quoting medici
Very well traded. As to the Euro/cable discussion, I am wondering whether it's a good rule to focus on the cleaner chart rather than trying to figure out the other one. Cleaner chart usually means cleaner trend "...and what do we catch a trend? We ride that trend right through the end."

Take a look at GBPCHF.....I'm starting to think its better than cable......
Trading Levels with WRBs
  • #598
  • Jan 27, 2010 3:25am Jan 27, 2010 3:25am
Quoting Islander
Now with my 20 / 20 hindsight I can see it as a 1min reverse head and shoulders and a buy for a 35 pip bounce.....http://cdn.forexfactory.com/images/icons/icon11.gif
A choppy ranging morning for cable, and a clear trend for Euro. I prefer a clear trend.
  • #599
  • Jan 27, 2010 3:28am Jan 27, 2010 3:28am
Quoting Islander
Take a look at GBPCHF.....I'm starting to think its better than cable......
And, yes, GBPCHF looks a good bit cleaner. Lots more dealer tricks in cable and sterling-yen. But the spread in GBPCHF is all over the place, tight one moment and wide the next, and I prefer tighter spreads...it's a cost after all.
  • #600
  • Jan 27, 2010 3:29am Jan 27, 2010 3:29am
That's it for me this morning. Decent pips banked, but not the full quota. Will most likely not be here tomorrow, as I have a friend visiting from out of town. BFN.
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