Islander and Medici trade the European open | Page 47 | Forex Factory

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Islander and Medici trade the European open

  • #921
  • Feb 23, 2010 1:54am Feb 23, 2010 1:54am
GM - nice one V - I caught that too, buying at FO after a HL.....exited too early ....now short for a possible drop into LO....
Trading Levels with WRBs
  • #922
  • Feb 23, 2010 3:18am Feb 23, 2010 3:18am
Quoting Islander
GM - nice one V - I caught that too, buying at FO after a HL.....exited too early ....now short for a possible drop into LO....

closed after spike down to 5500 level.....daily quota reached, back for NYO....
Trading Levels with WRBs
  • #923
  • Feb 23, 2010 3:24am Feb 23, 2010 3:24am
Quoting Islander
closed after spike down to 5500 level.....daily quota reached, back for NYO....
Might struggle to go below 5485 but am really looking for a move of around 125 odd from 5575, so down to around Y's low.
  • #924
  • Feb 23, 2010 3:30am Feb 23, 2010 3:30am
I have D M2 at 5456 which is around the euro/London session lows, as opposed to Y's Asian session low. So that will be a good target.
  • #925
  • Feb 23, 2010 3:41am Feb 23, 2010 3:41am
Quoting Vantage
I have D M2 at 5456 which is around the euro/London session lows, as opposed to Y's Asian session low. So that will be a good target.
All out after 5450 held. The pivot and London session lows can be clearly seen here.

One of our trading guides is to keep on trading until gu has had a 100+ pip run. If you get in at the high great if somewhere along the way then look at good target areas from the high/low of the move.
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  • #926
  • Feb 23, 2010 11:30pm Feb 23, 2010 11:30pm
Been flat out lately with work and spending time with the missus (Just got married so cant spend all my time trading )

Took a sell today at median pivot today at 60 when GU formed a top and turned, exited at the 50 level for 10 ticks.

Vantage... in your last post do you mean, you keep on trading throughout the day until GU has had a 100 tick run.

Islander.... I noticed that you use the correlation between swissy and cable a fair bit with your entries, can you explain a bit more about what you look for between the two pairs. Is it one leading the other, or is it whether swissy is hitting S/R which means that cables current wave may turn. Is there somewhere you can direct me to where i can learn a bit more about this. PM me if its more convenient for you.

Thanks mate... appreciated
  • #927
  • Feb 24, 2010 12:43am Feb 24, 2010 12:43am
GM - the usual 6am action was a LH in € and a slightly HH just > its DP for cable. This was followed by a high vol red candle and I sold the 1min LH and banked a few pips.
Trading Levels with WRBs
  • #928
  • Feb 24, 2010 12:49am Feb 24, 2010 12:49am
Quoting Ausie_Trader
Been flat out lately with work and spending time with the missus (Just got married so cant spend all my time trading )

Took a sell today at median pivot today at 60 when GU formed a top and turned, exited at the 50 level for 10 ticks.

Vantage... in your last post do you mean, you keep on trading throughout the day until GU has had a 100 tick run.

Islander.... I noticed that you use the correlation between swissy and cable a fair bit with your entries, can you explain a bit more about what you look for between the two pairs. Is it one leading...

I use Swissy as a proxy for the dollar and if its making larger moves this will clarify what's happening in cable / euro - always assuming its not got its own news in play.

I also watch the €s action as its often clearer than cables - like just now....
Trading Levels with WRBs
  • #929
  • Feb 24, 2010 12:53am Feb 24, 2010 12:53am
Quoting Ausie_Trader
Vantage... in your last post do you mean, you keep on trading throughout the day until GU has had a 100 tick run.
As often as we can yes, stay around until gu has done a 100+ pip move.
  • #930
  • Feb 24, 2010 1:25am Feb 24, 2010 1:25am
The way I see it.

After a nice shooting star yesterday would expect some more downside.

1hr chart attached, poss turn areas if the D P at 5462 fails. 50% of Y's range at 5483 to the D R1/W P combo around 5532 would be areas to watch for sells, again thats if we go above D P.

15 min had a nice hammer, then a doji, no follow through, also suggesting down.
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  • #931
  • Feb 24, 2010 1:51am Feb 24, 2010 1:51am
Quoting Vantage
The way I see it.

After a nice shooting star yesterday would expect some more downside.

1hr chart attached, poss turn areas if the D P at 5462 fails. 50% of Y's range at 5483 to the D R1/W P combo around 5532 would be areas to watch for sells, again thats if we go above D P.

15 min had a nice hammer, then a doji, no follow through, also suggesting down.

Agreed.....just closed my short after the 1 min hammer at the days open level....entry was after the LH after FO....
Trading Levels with WRBs
  • #932
  • Edited 3:24am Feb 24, 2010 2:01am | Edited 3:24am
The 15 min chart no follow through.

We struggle to focus on 1 min, but with a 15 or 5 min candle warning getting better at Islander style!!! I did a post on this a day or two back. SEE POST 917.

After a hesitation candle we look at next 1 min entry.
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  • #933
  • Feb 24, 2010 2:03am Feb 24, 2010 2:03am
There was also a 5 min chance, move up a no follow through candle, see arrow down.

Islander we look for 1 decent trade in FH and don't try for the level of moves that you sometimes do.
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  • #934
  • Feb 24, 2010 2:54am Feb 24, 2010 2:54am
From now on I will be concentrating more on my on-going research into the short term swings around these times and will be posting less in this thread.

I believe that both Medici and I have shown the potential that is available in the three or four hours from 6am gmt - just working on four swings for this period, the total average of pips available so far this (quiet) month has been 183 pips / day.........

If anyone is interested in sharing in the work just send me a PM.

Good luck with your trading

Islander
Trading Levels with WRBs
  • #935
  • Feb 24, 2010 3:05am Feb 24, 2010 3:05am
15 min chart again.

I was very disappointed to miss the hesitation candle and move up from 5425. We did get this 25 pip move down to T's open. 15 min reject candle next 1 min move down as entry.
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  • #936
  • Feb 24, 2010 3:08am Feb 24, 2010 3:08am
Quoting Islander
From now on I will be concentrating more on my on-going research into the short term swings around these times and will be posting less in this thread.

I believe that both Medici and I have shown the potential that is available in the three or four hours from 6am gmt - just working on four swings for this period, the total average of pips available so far this (quiet) month has been 183 pips / day.........

If anyone is interested in sharing in the work just send me a PM.

Good luck with your trading

Islander
If you could post end of session charts with the actual entries and exits for each trade you have taken I'm sure lots of people will be most grateful (V's included).
  • #937
  • Feb 24, 2010 3:19am Feb 24, 2010 3:19am
Just showing 1 min chart where entry was taken after 15 min candle, per post 935. It also happens to be the 2nd 1 min lh, one of the trades we look for.

The red arrow down is covered by the M1/M3.
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  • #938
  • Feb 24, 2010 11:47pm Feb 24, 2010 11:47pm
Quoting Islander
From now on I will be concentrating more on my on-going research into the short term swings around these times and will be posting less in this thread.

I believe that both Medici and I have shown the potential that is available in the three or four hours from 6am gmt - just working on four swings for this period, the total average of pips available so far this (quiet) month has been 183 pips / day.........

If anyone is interested in sharing in the work just send me a PM.

Good luck with your trading

Islander
Simply Awesome.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #939
  • Feb 25, 2010 12:49am Feb 25, 2010 12:49am
With everything saying sell ej, 1 min trades. First +21 exit at W S3 and this is the 2nd trade, exit when 25 held for +19.

Thats a 4% return in under an hour.
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  • #940
  • Feb 25, 2010 1:11am Feb 25, 2010 1:11am
Grabbed another 10 here on ej 1 min when pivot and 75 combo looked like holding. Was also a 5 min hl.
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