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Islander and Medici trade the European open

  • #781
  • Feb 9, 2010 2:52am Feb 9, 2010 2:52am
Quoting Sltpmmrrp
lol...i know that guy from market wizards ...funny

too bad i closed my short from 1m LH with macd hidden divergence at 8:20gmt too early...im curious if DP will hold

thats the chart, simple trade, support became resistance + hidden divergence.( and hanging man on 15/30min. around the 1h 50ema)
Attached Image (click to enlarge)
Click to Enlarge Name: cable.GIF Size: 24 KB
  • #782
  • Edited 4:08am Feb 9, 2010 3:01am | Edited 4:08am
im long now (1.5575) with tight stop beyond the low looking for DP (~1.56) as target...

edit: dead


long again at asia range low... target remains

edit2:

will close half at DP (if we get there) and let other half run with stop at BE. tp around 1.57

edit3:

closed everything with 15...maybe wrong decision...but i prefer to listen to the whipsaw song now...
  • #783
  • Feb 9, 2010 5:30am Feb 9, 2010 5:30am
Here's a MQL version as requested....
Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 297 downloads
Trading Levels with WRBs
  • #784
  • Feb 9, 2010 5:34am Feb 9, 2010 5:34am
Quoting Sltpmmrrp
im long now (1.5575) with tight stop beyond the low looking for DP (~1.56) as target...

edit: dead


long again at asia range low... target remains

edit2:

will close half at DP (if we get there) and let other half run with stop at BE. tp around 1.57

edit3:

closed everything with 15...maybe wrong decision...but i prefer to listen to the whipsaw song now...

Glad you liked the song http://cdn.forexfactory.com/images/icons/icon12.gif and looks as if you banked some good pips too.....my last buy also closed for a reasonable profit that helps pull back my earlier loss....now for the NY guys....
Trading Levels with WRBs
  • #785
  • Feb 9, 2010 5:42am Feb 9, 2010 5:42am
closed that long too early ...i have lots of patience when it comes to entries but have my problem with exits. lost some pips with a euro short hope to recover now in NY session. trade well
  • #786
  • Feb 9, 2010 6:00am Feb 9, 2010 6:00am
I've just bought cable after the pull back to the 5m 30ema, the low was a small red hammer that also made a harami....€s also trying to bounce up from its 30 ema.....I may have to wait for the NYSE open to inject some action....
Trading Levels with WRBs
  • #787
  • Feb 9, 2010 6:06am Feb 9, 2010 6:06am
i think about longing euro at asia session high..

edit:

maybe better to wait for 1.3715
  • #788
  • Feb 9, 2010 6:18am Feb 9, 2010 6:18am
Quoting Sltpmmrrp
i think about longing euro at asia session high..

edit:

maybe better to wait for 1.3715

LOL - I hope it turns back up before 3715.....the 3725 / MR2 confluence should hold...its also 61% retrace of its last rally on the 5 min chart....
Trading Levels with WRBs
  • #789
  • Feb 9, 2010 6:24am Feb 9, 2010 6:24am
ok

.3715 cause of confluence 15min. 50ema and ~yesterday high...(hidden div. on 5min macd)
  • #790
  • Feb 9, 2010 6:35am Feb 9, 2010 6:35am
Quoting Islander
I've just bought cable after the pull back to the 5m 30ema, the low was a small red hammer that also made a harami....€s also trying to bounce up from its 30 ema.....I may have to wait for the NYSE open to inject some action....


closed half as price stalled at the earlier high - banked good pips...
Trading Levels with WRBs
  • #791
  • Edited 7:35am Feb 9, 2010 7:12am | Edited 7:35am
well done you were right about that level...

im still on the sideline, not shure about direction

edit:

short euro at its R2 level..targetting ~1.372

edit2:
closed half for 13...SL at BE
  • #792
  • Feb 9, 2010 7:28am Feb 9, 2010 7:28am
Quoting Islander
closed half as price stalled at the earlier high - banked good pips...

I added back when price retested the 34 ema and closed all at the 5650 / R1 confluence......as there was a 5 min graveyard doji as the high, I've also taken a small sell off that area


Edit: now closed for a few more pips after price stalled ~the 625 level.....
Trading Levels with WRBs
  • #793
  • Edited 8:36am Feb 9, 2010 8:04am | Edited 8:36am
closed the other half euro short .3725

edit:

now long euro 1.371 ...that was a loss for few pips

oh dear...i was no passenger in this train
  • #794
  • Feb 9, 2010 9:34pm Feb 9, 2010 9:34pm
Hi Islander,

Sorry to read that posting here cost you money

Perhaps a post with a chart after UK open and then a post after US open with comments would make it easier for you.

I find your info invaluable and would hate to lose it.

I have had a few Aha !! moments since this thread started
Money grows on the tree of persistence
  • #795
  • Feb 9, 2010 10:25pm Feb 9, 2010 10:25pm
GM....the Greece / Euro possible bailout induced rally yesterday afternoon pushed cable up to the 5750 level / 38% retracement of its fall from last Wednesdays high.

The pull back overnight stopped about half an hour ago at Mondays high / various fib retracements depending on which actual low you was used.

10 mins later there was a HL, followed by another HL at 6am gmt .....I'm long.
Trading Levels with WRBs
  • #796
  • Feb 9, 2010 10:36pm Feb 9, 2010 10:36pm
Euro has made similar moves to Cable, almost getting up to a 61% retracement on its hourly chart before pulling back to find support at Fridays high - about a 50% pull back of yesterdays range with similar timimg....I'm also long € off its HL at 6am gmt.....€s looking stronger than cable....
Trading Levels with WRBs
  • #797
  • Feb 9, 2010 10:41pm Feb 9, 2010 10:41pm
Quoting ozmacca
Hi Islander,

Sorry to read that posting here cost you money

Perhaps a post with a chart after UK open and then a post after US open with comments would make it easier for you.

I find your info invaluable and would hate to lose it.

I have had a few Aha !! moments since this thread started
Thanks....its always a problem when trying to make real time posts....I'll keep trying, but if I'm busy and need to concentrate on my trading I'll just stop my updates and go for a few comments later....
Trading Levels with WRBs
  • #798
  • Feb 9, 2010 11:06pm Feb 9, 2010 11:06pm
Islander and Medici

I just love your thread and style, and follow your guys very closely. I have learnt about some triggers on M1 and M5.

I just don't have the experience, so I sit on the side with no good input to give.

Thanks a lot.
LetsTrade
  • #799
  • Feb 9, 2010 11:10pm Feb 9, 2010 11:10pm
I've now closed both after € stalled at its 3775 level which was overnight support.....
Trading Levels with WRBs
  • #800
  • Feb 9, 2010 11:14pm Feb 9, 2010 11:14pm
got in around 30 ema on the pull back on the 5 min at 5672 on a high volume low range bull candle and exited at the 92 level as it approached the days open. That 30 ema is a nice tool to have trading the pound, thanks to Islander for bringing that out.
Kinda feeling uneasy about any outright long positions on the pound given that its having trouble breaking the 5750-70 range, and its not running as strongly as the euro.
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