Islander and Medici trade the European open | Page 37 | Forex Factory

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Islander and Medici trade the European open

  • #721
  • Edited Feb 4, 2010 12:09am Feb 3, 2010 10:34pm | Edited Feb 4, 2010 12:09am
Hi,

Not wishing to hi jack my favourite thread but I have found a nice little Strength Meter EA that looks like an indicator. I have put it on a chart that does not have an EA on it so that I can monitor its performance.

If someone else with more experience would like to try it I have attached it plus a link with some info on it.
http://www.forexfactory.com/showthread.php?t=121839

EDIT: Whoops, this has stopped working, I will see if I can find out why
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 13 KB
Attached File(s)
File Type: mq4 !xMeter v 1.3.mq4   18 KB | 310 downloads
Money grows on the tree of persistence
  • #722
  • Feb 4, 2010 12:22am Feb 4, 2010 12:22am
GM all.....I've sold both Euro and Cable as they both broke down with LHs and are under falling 30 emas
Trading Levels with WRBs
  • #723
  • Feb 4, 2010 12:34am Feb 4, 2010 12:34am
Quoting Islander
GM all.....I've sold both Euro and Cable as they both broke down with LHs and are under falling 30 emas


Banked a few pips as cable stalled at its MS1 level - a 5m HL - € stalled at 3875......now considering longs
Trading Levels with WRBs
  • #724
  • Feb 4, 2010 12:51am Feb 4, 2010 12:51am
Continuation sells as price held at the falling fast ema....cable's now at yesterdays low and € at its Asian low
Trading Levels with WRBs
  • #725
  • Feb 4, 2010 12:55am Feb 4, 2010 12:55am
Quoting Islander
Banked a few pips as cable stalled at its MS1 level - a 5m HL - € stalled at 3875......now considering longs
It seems today I our thinking goes along the same path, got also a little chunk with those two shorts. I am already long €, it is a little bit of a gamble but I am going to hold on to that for a while, my stop is below the rumored barrier at 1.3850.
  • #726
  • Feb 4, 2010 12:58am Feb 4, 2010 12:58am
Quoting PipAdder
It seems today I our thinking goes along the same path, got also a little chunk with those two shorts. I am already long €, it is a little bit of a gamble but I am going to hold on to that for a while, my stop is below the rumored barrier at 1.3850.
I too have a small buy in €, waiting for a confirmed move above the fast ema to increase size....cable's holding around its YL
Trading Levels with WRBs
  • #727
  • Feb 4, 2010 1:08am Feb 4, 2010 1:08am
A wide range red harami on average volume just after FO.....is this a fakeout to sweep stops and let in buyers at a lower price? TWT.... I bought after there was no follow through ....also € had a 1m HL...
Trading Levels with WRBs
  • #728
  • Feb 4, 2010 1:26am Feb 4, 2010 1:26am
Quoting Islander
A wide range red harami on average volume just after FO.....is this a fakeout to sweep stops and let in buyers at a lower price? TWT.... I bought after there was no follow through ....also € had a 1m HL...


Closed cable as it spiked to its 5900 level and € as it stalled at its YL level.....banked nice pips off both trades....
Trading Levels with WRBs
  • #729
  • Feb 4, 2010 2:15am Feb 4, 2010 2:15am
After its small spike above the 5900 level, there was a LH at the level which gave a nice short entry and LO took price down retest the FH low.....I've now taken a small buy off that retest.....

Euro made new lows at LO, testing its S1 level after a larger drop than cable's and I'm now flat in €
Trading Levels with WRBs
  • #730
  • Feb 4, 2010 2:33am Feb 4, 2010 2:33am
Closed cable long for a wash after it stalled and turned down from MS1 - earlier support
Trading Levels with WRBs
  • #731
  • Feb 4, 2010 2:36am Feb 4, 2010 2:36am
Long € after S1 held again, ditto cable after its lows held...
Trading Levels with WRBs
  • #732
  • Feb 4, 2010 2:43am Feb 4, 2010 2:43am
Quoting Islander
Long € after S1 held again, ditto cable after its lows held...

Both stopped out for +2.....I'm not willing to give up any of my earlier profits......


UK Halifax HPI due at 9am gmt, expected at 0.9%......also BOE announcement later
Trading Levels with WRBs
  • #733
  • Feb 4, 2010 3:20am Feb 4, 2010 3:20am
Plenty of signals for entries both long and short.....I've banked my quota and am now finished for the morning.....I'll be back for the BOE announcements at 12 am gmt.....BFN
Attached Image (click to enlarge)
Click to Enlarge Name: feb 4 cable 1m 0915 gmt.gif Size: 21 KB
Trading Levels with WRBs
  • #734
  • Feb 5, 2010 1:02am Feb 5, 2010 1:02am
GM....new lows overnight to levels not see for many months....Cable's October 13 low is currently being tested and Euro's now back to its May 2009 levels, currently around its April highs.....

Swissy had a huge 130 pip bounce a couple of hours ago, which would normally show as dollar strength, but this time seems confined to Swiss pairs / crosses.....rather strange....

I took a small buy in cable after this last push towards the 5700 level was follwed immediatly by a wide range green harami...I'm also long € after a HL about half an hour ago.....now for FO....
Trading Levels with WRBs
  • #735
  • Feb 5, 2010 1:08am Feb 5, 2010 1:08am
Closed cable after a wide ranged green harami up to the MS1 level failed to move any higher....also closed € as it stalled at its 3725 level....
Trading Levels with WRBs
  • #736
  • Feb 5, 2010 1:17am Feb 5, 2010 1:17am
I've now sold cable after a LH....


Edit:...I'll look at my PMs after LO.....too busy now....
Trading Levels with WRBs
  • #737
  • Feb 5, 2010 1:21am Feb 5, 2010 1:21am
Quoting Islander
I've now sold cable after a LH....


Edit:...I'll look at my PMs after LO.....too busy now....
Closed when priced stalled at the 5725 level....it was a cheeky trade...
Trading Levels with WRBs
  • #738
  • Feb 5, 2010 1:56am Feb 5, 2010 1:56am
I'm having connectivity problems, so posting is delayed....

As its a Freaky NFP Friday I'm in hit and run mode, banking pips quickly and not looking for a longer run....after € stalled at 3274 it pulled back, tried another push up which made a LH....so I sold exiting in the red harami that broke the 3700 level.

After another red harami held above the 675 level, I bought, exiting again at the 3700 level.....nice easy pips..... now flat for LO.....
Trading Levels with WRBs
  • #739
  • Feb 5, 2010 2:14am Feb 5, 2010 2:14am
LOL - another "Medici Special"......a fast sell off before LO....żż to take out stops and allow the Big Dogs to buy at a better price??......well I'm long for the second time, looking to bank another ~10 pips.....
Trading Levels with WRBs
  • #740
  • Feb 5, 2010 2:26am Feb 5, 2010 2:26am
Hi guys
Currency meter was close most of FH/LO, the big push down was already signalled in advance by usd moving up to 7 and gbp weakening.
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