Islander and Medici trade the European open | Page 53 | Forex Factory

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Islander and Medici trade the European open

  • #1,041
  • Mar 2, 2010 12:53am Mar 2, 2010 12:53am
The low has just been ~MS1 in a small red 5m spinning top and I've bought and will be watching to see haw far the retrace goes......50% is 4910....
Trading Levels with WRBs
  • #1,042
  • Mar 2, 2010 1:03am Mar 2, 2010 1:03am
Quoting Islander
The low has just been ~MS1 in a small red 5m spinning top and I've bought and will be watching to see haw far the retrace goes......50% is 4910....

Didnt quite make the 50%, so banked a few and sold after price turned back at the fast ema....
Trading Levels with WRBs
  • #1,043
  • Mar 2, 2010 1:07am Mar 2, 2010 1:07am
We'll see how tough this area will be.

Nice move below even number about 16 mins break between moves. TS a little tight, oh dear.
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  • #1,044
  • Mar 2, 2010 1:19am Mar 2, 2010 1:19am
Quoting Vantage
We'll see how tough this area will be.

Nice move below even number about 16 mins break between moves. TS a little tight, oh dear.

LOL - actually 47 mins () H to L into early FH with the 4850 area holding and I've bought. The fast ema must break IF this is serious buying.....the 5m action hasnt so far convinced me
Trading Levels with WRBs
  • #1,045
  • Mar 2, 2010 1:34am Mar 2, 2010 1:34am
Quoting Islander
LOL - actually 47 mins () H to L into early FH with the 4850 area holding and I've bought. The fast ema must break IF this is serious buying.....the 5m action hasnt so far convinced me
the bounce has stalled ~MS1 - support just before FO and a 38% retrace - so I've banked my pips
Trading Levels with WRBs
  • #1,046
  • Mar 2, 2010 1:56am Mar 2, 2010 1:56am
Quoting Islander
the bounce has stalled ~MS1 - support just before FO and a 38% retrace - so I've banked my pips

I havent taken my Patience Pills, so got out too early.....I should have waited for 89 (L) +1 minutes from the pre FO high......http://cdn.forexfactory.com/images/icons/icon12.gif......but I did sell at that time looking for a drop into LO.....the MS1 level is my target
Trading Levels with WRBs
  • #1,047
  • Mar 2, 2010 2:01am Mar 2, 2010 2:01am
Quoting Islander
I havent taken my Patience Pills, so got out too early.....I should have waited for 89 (L) +1 minutes from the pre FO high......http://cdn.forexfactory.com/images/icons/icon12.gif......but I did sell at that time looking for a drop into LO.....the MS1 level is my target

and that was hit for another 20 pips 47 (L) minutes after the last 1m low....now for LO.....
Trading Levels with WRBs
  • #1,048
  • Mar 2, 2010 2:26am Mar 2, 2010 2:26am
Not a very convincing move up to 4915.
  • #1,049
  • Mar 2, 2010 2:28am Mar 2, 2010 2:28am
A little after LO there was a HL just > MS1, with a time line, so I bought....there's also an uptrending line holding since early FH....I'd like to see some confirmation by a move above the 4925 area and I'd expect this move to last until at least 8:37 gmt......TWT
Trading Levels with WRBs
  • #1,050
  • Mar 2, 2010 2:42am Mar 2, 2010 2:42am
Quoting Islander
A little after LO there was a HL just > MS1, with a time line, so I bought....there's also an uptrending line holding since early FH....I'd like to see some confirmation by a move above the 4925 area and I'd expect this move to last until at least 8:37 gmt......TWT

Price has now stalled at the earlier highs and I've taken partial profits as the PA is not yet convincing me that its ready to turn south...
Trading Levels with WRBs
  • #1,051
  • Mar 2, 2010 2:53am Mar 2, 2010 2:53am
Quoting Islander
Price has now stalled at the earlier highs and I've taken partial profits as the PA is not yet convincing me that its ready to turn south...

Closed remainder and sold after seeing 5m spinning top as the high at earlier resistance and also a number of 5m time lines at the high candle....

After such a wide ranged day yesterday - 422 pips - some consolidation today could be expected....
Trading Levels with WRBs
  • #1,052
  • Mar 2, 2010 2:54am Mar 2, 2010 2:54am
Sold this 1 min lh. 100 pip retrace against the trend. The yellow line is fib retrace of y's range.
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  • #1,053
  • Mar 2, 2010 2:55am Mar 2, 2010 2:55am
Quoting Vantage
Sold this 1 min lh. 100 pip retrace against the trend. The yellow line is fib retrace of y's range.
target is the even number but with the pivots in and around might exit at 20 ish.
  • #1,054
  • Mar 2, 2010 2:56am Mar 2, 2010 2:56am
Hey Shamus in the house!!! Welcome sir.
  • #1,055
  • Mar 2, 2010 2:58am Mar 2, 2010 2:58am
Quoting Islander
Closed remainder and sold after seeing 5m spinning top as the high at earlier resistance and also a number of 5m time lines at the high candle....
Snap, but I've now exited.
  • #1,056
  • Mar 2, 2010 3:00am Mar 2, 2010 3:00am
Quoting Vantage
Snap, but I've now exited.
Ooooops oh well its at least pips in the bank.
  • #1,057
  • Mar 2, 2010 3:00am Mar 2, 2010 3:00am
Hey Shamus.....good to see you, how's your VSA trading going?....
Trading Levels with WRBs
  • #1,058
  • Mar 2, 2010 3:03am Mar 2, 2010 3:03am
Quoting Vantage
Snap, but I've now exited.

timingwise, I'm looking for a low in the 9:20 - 9:40 gmt TF......TWT
Trading Levels with WRBs
  • #1,059
  • Edited 3:10am Mar 2, 2010 3:07am | Edited 3:10am
Quoting Vantage
target is the even number but with the pivots in and around might exit at 20 ish.

have you noticed that Euro's last 1m low was 76 (L) mins from the late FH high......
Trading Levels with WRBs
  • #1,060
  • Mar 2, 2010 3:21am Mar 2, 2010 3:21am
Didn't get a re-entry that we liked and missed the move down.

Shamus does the vsa thread and it is well worth checking out if you stop here and haven't seen that thread.
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