Islander and Medici trade the European open | Page 46 | Forex Factory

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Islander and Medici trade the European open

  • #901
  • Feb 19, 2010 7:17am Feb 19, 2010 7:17am
Very nice trading mate, am impressed that you caught most of the major intraday moves for today. I missed the initial drop myself but banked 30 pips during FO and LO session, all scalps...

I think i have a fair bit of learning to go... will be watching ur posts with interest mate...
  • #902
  • Feb 22, 2010 1:04am Feb 22, 2010 1:04am
Quoting Ausie_Trader
Very nice trading mate, am impressed that you caught most of the major intraday moves for today. I missed the initial drop myself but banked 30 pips during FO and LO session, all scalps...

I think i have a fair bit of learning to go... will be watching ur posts with interest mate...

Thanks.....glad that you find my posts helpful....
Trading Levels with WRBs
  • #903
  • Feb 22, 2010 1:10am Feb 22, 2010 1:10am
An hour before FO € had a small bounce up off its 3625 level to put in a LH just above its 5m 30ema......24 minutes later it turned south and cable woke up and followed, falling 34 pips to hit its DP just under the 5450 level.

This looks like a typical fakeout into FO and I went long.......the actual low was a 5m high vol hammer.....
Trading Levels with WRBs
  • #904
  • Feb 22, 2010 1:16am Feb 22, 2010 1:16am
Hi Islander,

May be missing in action this week as my internet is down, I am using dial up at present so a little difficult.

Hopefully all will be fixed next week.

Please keep the posts coming as I read them and compare each day, I am getting better so your examples are achieving something

thanks
Money grows on the tree of persistence
  • #905
  • Feb 22, 2010 1:24am Feb 22, 2010 1:24am
Nice call, Islander, as usual!
  • #906
  • Feb 22, 2010 1:57am Feb 22, 2010 1:57am
Thanks guys.....I exited that long as price stalled at the 5475 / days open level.....now waiting to see what LO brings - so far with 3 minutes to go we have a HL.....
Trading Levels with WRBs
  • #907
  • Feb 22, 2010 2:06am Feb 22, 2010 2:06am
1st trade higher vol shooting star on 15 min and also a SS on 5 min. Exit small profit when pivot held (just above the 50 level).
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  • #908
  • Feb 22, 2010 2:07am Feb 22, 2010 2:07am
2nd trade out at BE.
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  • #909
  • Feb 22, 2010 2:08am Feb 22, 2010 2:08am
LO held at the fast ema making another HL, so I'm long again....
Trading Levels with WRBs
  • #910
  • Feb 22, 2010 2:36am Feb 22, 2010 2:36am
Trade 3 with eu and uc on lh's hl's respectively I sold this 1, out at BE as we were on a hl for gu. Not a trade I would normally do.
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  • #911
  • Feb 22, 2010 2:38am Feb 22, 2010 2:38am
A 15 min hammer and 5 min engulfing, trade 4. Out at +15 when the days highs were holding for 2nd time.

Ooops the chart for this trade is above.

Should we break even number I'll be looking for pullback and buy. Hopefully before the W pivot around 5530.
  • #912
  • Feb 22, 2010 2:42am Feb 22, 2010 2:42am
If we are going to fall the W pivot and fibs give some high prob areas. GU 1hr.
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  • #913
  • Feb 22, 2010 2:43am Feb 22, 2010 2:43am
Quoting Islander
LO held at the fast ema making another HL, so I'm long again....


nice pips banked in the spike up to the 5500 level....
Trading Levels with WRBs
  • #914
  • Feb 22, 2010 2:54am Feb 22, 2010 2:54am
Quoting Islander
nice pips banked in the spike up to the 5500 level....
I wanna know where you bought your crystal ball, can I have one too ...............

4 trades so far 2 BE, 2 winners. Need 1 more 25-20 ish and session target hit.
  • #915
  • Feb 22, 2010 2:55am Feb 22, 2010 2:55am
1 hr about to close with a nice shooting star with rsi divergence.
  • #916
  • Feb 22, 2010 3:09am Feb 22, 2010 3:09am
Quoting Vantage
I wanna know where you bought your crystal ball, can I have one too ...............

4 trades so far 2 BE, 2 winners. Need 1 more 25-20 ish and session target hit.
LOL V......remember that, as I hinted earlier, I often use € for timing and here again it obliged by putting in a LH at a 1 min time line....http://cdn.forexfactory.com/images/icons/icon12.gif.....that was also a good reason to sell cable.....and back it went to its support at 5450 / DP http://cdn.forexfactory.com/images/icons/icon6.gif

I'm finished for this morning, BFN....
Trading Levels with WRBs
  • #917
  • Feb 22, 2010 3:59am Feb 22, 2010 3:59am
Hi Islander
I struggle to get your 1 min entries. Anyway doing some analysis in an attempt to get closer to what you do I got the following:

Most moves will be covered by

  1. 5 min hl's and lh's (that I am at least more comfortable with) or
  2. 5 min hesitation candles/candles with no follow through. Could be a doji, inside bar. Here a hammer at 5475 and a shooting star at 5454. Of course if its hammers or shooting stars you might be set up for a trade in direction of move and would have to turn around quickly when theres no follow through.

Anyway the rectangles show 6 moves where 5 min no doubt coincides with 1 min. The 1 it missed is the triangle at the high. Anyway a good chance at 4-6 trades around 10-20 pips each, would be a good morning in anyones book.

I'm still watching the 5 min hesitation candles to tie up with 1 min trades but so far so good.

Maybe this idea will help others that struggle with your particular brand of trading.

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  • #918
  • Feb 22, 2010 4:08am Feb 22, 2010 4:08am
Quoting Islander
LOL V......remember that, as I hinted earlier, I often use € for timing and here again it obliged by putting in a LH at a 1 min time line....http://cdn.forexfactory.com/images/icons/icon12.gif.....that was also a good reason to sell cable.....and back it went to its support at 5450 / DP http://cdn.forexfactory.com/images/icons/icon6.gif

I'm finished for this morning, BFN....
I did notice, (not quick enough to get in trade) that eur started falling/chf started rising 5 mins before the cable spike up to 5500.
  • #919
  • Feb 22, 2010 4:20am Feb 22, 2010 4:20am
Sideways for a while, be back later. If not for early US then for the US/London close overlap which of late has been a little better than early US session, for me at least.
  • #920
  • Feb 23, 2010 1:22am Feb 23, 2010 1:22am
Low vol on 15 min neg close candles did not give us confidence in a sell. Break above the range for a nice buy with the obvious exit at the 50% fib posted on Sun. OK perhaps a pip or 3 late entry.

A very nice start to the day.
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