Islander and Medici trade the European open | Page 36 | Forex Factory

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Islander and Medici trade the European open

  • #701
  • Feb 3, 2010 1:12am Feb 3, 2010 1:12am
Another 50 trades like these and I've got my target. Sold the 5 min lh at 6020 out at + .30 and bought the following hl at 6027 out at + 1, whohoooo LOL. First trade didn't like the pa. 2nd trade out after we twice got to +11 and moved stop to +1.

FH has been disappointing for me at least for past few days.
  • #702
  • Feb 3, 2010 1:14am Feb 3, 2010 1:14am
Quoting Islander
Stops now to BE +1 in case of an FO spike....

Spikes happened so closed on stops....I've now sold both again after € held again at its 3975 level and cable went 5 pips higher with a shooting star and then tweezers at its high.....still small size awaiting confirmation.....
Trading Levels with WRBs
  • #703
  • Feb 3, 2010 1:19am Feb 3, 2010 1:19am
Quoting Vantage
Another 50 trades like these and I've got my target. Sold the 5 min lh at 6020 out at + .30 and bought the following hl at 6027 out at + 1, whohoooo LOL. First trade didn't like the pa. 2nd trade out after we twice got to +11 and moved stop to +1.

FH has been disappointing for me at least for past few days.

LOL V ......I agree, its hard work, but the pre FO move was good for ~40 pips depending on how early you entered....I was a little late....
Trading Levels with WRBs
  • #704
  • Feb 3, 2010 1:21am Feb 3, 2010 1:21am
Quoting Islander
I too hope Medici's OK.....
Annie and Islander,

I am fine thanks. It's just that I haven't traded well since I started posting, and I want to focus on my own trading to get it back to where it was. Will keep an eye on the thread, hope Islander, Vantage and others will keep it going, and I will be back in due course.

As for this morning, it looks like there's more to the upside in cable, but that it isn't happening now. So I am waiting for an 8am pullback before the move up to 6075 or more.

Meanwhile the Euro has offered some easy ones, as usual....
  • #705
  • Feb 3, 2010 1:39am Feb 3, 2010 1:39am
Quoting medici
Annie and Islander,

I am fine thanks. It's just that I haven't traded well since I started posting, and I want to focus on my own trading to get it back to where it was. Will keep an eye on the thread, hope Islander, Vantage and others will keep it going, and I will be back in due course.

As for this morning, it looks like there's more to the upside in cable, but that it isn't happening now. So I am waiting for an 8am pullback before the move up to 6075 or more.

Meanwhile the Euro has offered some easy ones, as usual....
GM - glad to hear that you're fine and please dont worry about the thread, I'll keep posting and I'm certain that others will too...I hope you get your pip quota quickly back on target

Best regards

Islander
Trading Levels with WRBs
  • #706
  • Feb 3, 2010 1:51am Feb 3, 2010 1:51am
With all the upper wicks I missed out on move to 6050.

I have the W pivot and D R2 at 6077 if we can make it there.
  • #707
  • Feb 3, 2010 1:54am Feb 3, 2010 1:54am
Medici was correct about there being more upside.....another 20 pips above the earlier high to reach the R2 / 6050 confluence, also a couple of pips under the hourly 50% retrace.....but with falling momentum....my last sell was a wash, now sold again off the rejection of 6050 / R2.....
Trading Levels with WRBs
  • #708
  • Feb 3, 2010 1:59am Feb 3, 2010 1:59am
Banked my pips at the MR2 level in front of LO......
Trading Levels with WRBs
  • #709
  • Feb 3, 2010 2:22am Feb 3, 2010 2:22am
€s high in mid Frankies Hour was at Fridays high, also ~the 38% retrace on the hourly chart.

€ also has a similar 15 m bearish harmanic pattern to cable's, but with a much tighter time range, it also has the MFI volume divergence falling since before FO, so I'm looking to sell a LH.......TWT
Trading Levels with WRBs
  • #710
  • Feb 3, 2010 3:17am Feb 3, 2010 3:17am
Quoting Islander
Medici was correct about there being more upside.....another 20 pips above the earlier high to reach the R2 / 6050 confluence, also a couple of pips under the hourly 50% retrace.....but with falling momentum....my last sell was a wash, now sold again off the rejection of 6050 / R2.....
And also about the 8am pullback to reload...
  • #711
  • Feb 3, 2010 3:26am Feb 3, 2010 3:26am
Quoting medici
And also about the 8am pullback to reload...

Ah.....I'd forgotten about that one.....http://cdn.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #712
  • Edited 3:39am Feb 3, 2010 3:29am | Edited 3:39am
The last push up managed another 10 pips above the previous high and was in a high volume 5 min shootong star ......I sold after that, thinking that the news may be bad.....TWT
Trading Levels with WRBs
  • #713
  • Feb 3, 2010 3:33am Feb 3, 2010 3:33am
Quoting Islander
The last push up managed another 10 pips above the previous high and was in a high volume 5 min shootong star ......I shold after that, thinking that the news may be bad.....TWT
and it was worse than expected....54.5 vs 56.6 http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #714
  • Feb 3, 2010 3:41am Feb 3, 2010 3:41am
Quoting Islander
Ah.....I'd forgotten about that one.....http://cdn.forexfactory.com/images/icons/icon11.gif
And same phenomenon in the Euro this morning. Early tentative breakout, and then pullback for 8am reload and take-off.
  • #715
  • Feb 3, 2010 3:42am Feb 3, 2010 3:42am
I took partial profits at the R1 and holding the remainder with a stop above the 30 ema....

I'm finished for this morning - banked reasonable pips, although I exited my early long too soon.....back for NYO.....BFN
Trading Levels with WRBs
  • #716
  • Feb 3, 2010 3:42am Feb 3, 2010 3:42am
Quoting Islander
The last push up managed another 10 pips above the previous high and was in a high volume 5 min shootong star ......I sold after that, thinking that the news may be bad.....TWT
Me too
  • #717
  • Feb 3, 2010 5:50am Feb 3, 2010 5:50am
Quoting okfx
I found this wonderful currency strength tool and it's free. In case anybody is interested, here is the link.

http://www.currencystrengthmeter.com/
This is indeed very interesting. Right now nzd, chf, aud strong and jpy, cad, gbp weak.

So no surprise as to whats going up and down and after the event looks great.

The proof of the pudding will be in how quickly these numbers react and give good hl/lh entries.

Trading strongest v weakest has been a fascination of mine and how do you figure that out? Perhaps an answer TWT.

How long have you been watching this?
  • #718
  • Feb 3, 2010 5:54am Feb 3, 2010 5:54am
Quoting Vantage
This is indeed very interesting. Right now nzd, chf, aud strong and jpy, cad, gbp weak.

So no surprise as to whats going up and down and after the event looks great.

The proof of the pudding will be in how quickly these numbers react and give good hl/lh entries.

Trading strongest v weakest has been a fascination of mine and how do you figure that out? Perhaps an answer TWT.

How long have you been watching this?
Sorry that this is off topic but this could be of great interest, perhaps a separate thread needs to be started?

See prev post gbpchf going to fall with gbp weak and chf strong, its dropped almost 120 pips now, what did it look like at the top and when did it give a signal to get in .........................
  • #719
  • Feb 3, 2010 7:29am Feb 3, 2010 7:29am
My last cable short hit its TP whilst I was out and I've just closed my last Euro short in the push down to the days open level.....there may be more to come, but I've banked plenty of pips and will now take the afternoon off.....back for FO tomorrow....
Trading Levels with WRBs
  • #720
  • Feb 3, 2010 7:59am Feb 3, 2010 7:59am
Quoting Vantage
Sorry that this is off topic but this could be of great interest, perhaps a separate thread needs to be started?

See prev post gbpchf going to fall with gbp weak and chf strong, its dropped almost 120 pips now, what did it look like at the top and when did it give a signal to get in .........................
Sorry, I was away from my computer for a while..
I discovered this meter just yesterday and today was my first day of observing. I think it has great potential combined with pivots and OS, OB conditions. E.g. this morning GBP was very strong and the strength did not go away until price approached MR3.
I was using a "professional" currency meter, I dropped it and I was looking for something to replace it. The only disadvantage this one has is there is nothing left to look back on a chart, no past data.
If you want, we can start a separate thread. I would like that because I am definitely implementing this meter in my trading.
Cheers..
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