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Islander and Medici trade the European open

  • #841
  • Feb 12, 2010 1:07am Feb 12, 2010 1:07am
German data worse than expected....I took a small short and banked a few more pips.....holding cable short....
Trading Levels with WRBs
  • #842
  • Feb 12, 2010 1:33am Feb 12, 2010 1:33am
I'm long cable after it 4h pivot held while euro went down, also HL Edit: Stopped out.. again against the trend.. Short after 4h pivot broken, looking to add to position on retracements
  • #843
  • Feb 12, 2010 1:52am Feb 12, 2010 1:52am
What happens to cable? Is it dealer's push before 8 to let enter sellers?
  • #844
  • Feb 12, 2010 1:55am Feb 12, 2010 1:55am
Quoting okrutny
What happens to cable? Is it dealer's push before 8 to let enter sellers?

no idea, my TP at the 75 level was hit so I'm flat and waiting for LO....
Trading Levels with WRBs
  • #845
  • Feb 12, 2010 1:57am Feb 12, 2010 1:57am
I sold at 5713 / YH with stops above wicks
  • #846
  • Feb 12, 2010 1:58am Feb 12, 2010 1:58am
Quoting okrutny
What happens to cable? Is it dealer's push before 8 to let enter sellers?
looks suspicious...shake out weak shorts to drop it after??

eur/jpy better this morning...
  • #847
  • Feb 12, 2010 1:59am Feb 12, 2010 1:59am
the long green candle had high vol, so did the next one - a green shooting star showing sellers stepping in.....then the LH red shooting star was on reduced vol.....to me it smells of fakeout.....TWT
Trading Levels with WRBs
  • #848
  • Feb 12, 2010 2:19am Feb 12, 2010 2:19am
There's a Bearish Butterfly on my 15 m chart.....the top of the box is at R1 5760 and its valid until 8:30 gmt.....this and the falling vols as price tries to move higher IMO confirms distribution.....I now have a small short....
Trading Levels with WRBs
  • #849
  • Feb 12, 2010 2:30am Feb 12, 2010 2:30am
Quoting Islander
There's a Bearish Butterfly on my 15 m chart.....the top of the box is at R1 5760 and its valid until 8:30 gmt.....this and the falling vols as price tries to move higher IMO confirms distribution.....I now have a small short....


stop now to +5 as there's loads of levels around here for a potential bounce.....I'm also watching € at its 3625 level....
Trading Levels with WRBs
  • #850
  • Feb 12, 2010 2:35am Feb 12, 2010 2:35am
I'm exhausted for today.. Since I start job at monday, i hope i could be going at 10 (9 gmt) to spend mornings trading with you. See you then and enjoy the weekend
  • #851
  • Feb 12, 2010 2:36am Feb 12, 2010 2:36am
Quoting okrutny
I'm exhausted for today.. Since I start job at monday, i hope i could be going at 10 (9 gmt) to spend mornings trading with you. See you then and enjoy the weekend

Thanks, have a good one.......just closed short cable at the 5700 level...http://cdn.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #852
  • Feb 12, 2010 2:59am Feb 12, 2010 2:59am
OK I've banked a few pips in a tight market and I'm finished for this morning....I'll take a look at NYO.....BFN
Trading Levels with WRBs
  • #853
  • Feb 15, 2010 1:13am Feb 15, 2010 1:13am
GM....bullish gartley harmonic patterns on 15m Euro and Cable.....as € held its MS1 level at 3580 for the third time I bought and also a small position in cable
Trading Levels with WRBs
  • #854
  • Feb 15, 2010 1:44am Feb 15, 2010 1:44am
Nice trading man, I sold short at the top of that small range and got stopped out...
  • #855
  • Feb 15, 2010 1:57am Feb 15, 2010 1:57am
Quoting Islander
GM....bullish gartley harmonic patterns on 15m Euro and Cable.....as € held its MS1 level at 3580 for the third time I bought and also a small position in cable
Closed € as it pushed up to its DP / earler highs at 3617 and also closed cable which is loosing momentum, banking good pips in both.....a great start to the week.....
Trading Levels with WRBs
  • #856
  • Feb 15, 2010 2:18am Feb 15, 2010 2:18am
Took 2 longs from 36 to 50 and from 57 up to 73 just then and made some back...

Probably looking at a short scalp short around the 80 area if it hits but looks like it is about to retrace now...
  • #857
  • Feb 15, 2010 3:01am Feb 15, 2010 3:01am
Quoting Ausie_Trader
Took 2 longs from 36 to 50 and from 57 up to 73 just then and made some back...

Probably looking at a short scalp short around the 80 area if it hits but looks like it is about to retrace now...

Nice trades.....with the US on holiday I'm not expecting much action and I see that volumes are low, so I'm finished for the day.....back for FO tomorrow....
Trading Levels with WRBs
  • #858
  • Feb 16, 2010 1:14am Feb 16, 2010 1:14am
GM Euro has a bearish butterfly harmonic pattern on its 15 min chart and I've sold the LH on its 1 min chart as it held under its R2 level....cable is also trading around its R1 level, but looking as if it might go higher...it has four daily highs from 5720 (yesterday) up to 5765 - last Wednesday......

Edit: € also has its 50% retrace from last Thursdays high at 3664....
Trading Levels with WRBs
  • #859
  • Feb 16, 2010 2:03am Feb 16, 2010 2:03am
I sold the 1 min LH about 5 mins before LO and banked a few pips....I also closed my € short after it broke its 3650 level again banking ~10 pips....I'm looking to sell again higher....
Trading Levels with WRBs
  • #860
  • Feb 16, 2010 2:33am Feb 16, 2010 2:33am
Euro is still in the sell box of is harmonic pattern......i.e. its in a fibonacci price expansion zone and also a time zone - so I've sold again as its R3 level held after a small 5 min shooting star....I've also sold cable after a high volume doji at its high followed by a LH....Swissy, which has a bullish harmonic pattern, has made a HL off its MS3 level.....
Trading Levels with WRBs
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