Islander and Medici trade the European open | Page 62 | Forex Factory

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Islander and Medici trade the European open

  • #1,221
  • Edited 7:42pm Mar 19, 2010 4:28am | Edited 7:42pm
Quoting Vantage
Now all we have to do is get to Islander standards!!!!!
Agreed. I'm still getting a feel for the one minute chart "Islander-style" but it's coming along. Considering I've been trading mostly 4hr+ charts part time and full time for five years delving into these 1min charts is requiring significant mental adaptation. Loving the challenge of it all though.
  • #1,222
  • Mar 22, 2010 8:40am Mar 22, 2010 8:40am
This morning I was fighting with a new mouse that was playing up - it kept dying on me.....

Around LO - the blue time line - there were several opportunities to go long.....the 2 aqua high vol candles in mid FH gave a heads up and then the 2 wider ranged green candles confirmed that we were looking to buy....the retrace to the 4950 level as a HL or the next HL after LO held at the slow ema....I exited in the spike up thru the 5000 level....

I'm now long again for the NY session off the 50% retrace at 4971 / uptrend line, looking for a breakout above the 5000 area....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: mar 22 cable folo.gif Size: 33 KB
Trading Levels with WRBs
  • #1,223
  • Mar 22, 2010 9:34am Mar 22, 2010 9:34am
Quoting Islander
This morning I was fighting with a new mouse that was playing up - it kept dying on me.....

Around LO - the blue time line - there were several opportunities to go long.....the 2 aqua high vol candles in mid FH gave a heads up and then the 2 wider ranged green candles confirmed that we were looking to buy....the retrace to the 4950 level as a HL or the next HL after LO held at the slow ema....I exited in the spike up thru the 5000 level....

I'm now long again for the NY session off the 50% retrace at 4971 / uptrend line, looking for a...
I was hoping for the 5050 level, but as King is due to speak in under an hour, I decided to bank my pips after the 5m high vol shooting star that got to within 3 pips of my target.....
Trading Levels with WRBs
  • #1,224
  • Mar 22, 2010 4:19pm Mar 22, 2010 4:19pm
Hi Islander,

After the 80 pip range of the Asian session the FH was rather quiet this morning, I guess that can happen.

Still watching and gradually getting closer, I think
Money grows on the tree of persistence
  • #1,225
  • Edited 2:47am Mar 23, 2010 2:14am | Edited 2:47am
1 of the set ups we like and trade often

1hr suggests down, 15 min shooting star with better vol. Next 1 min entry (lh in this case) after close of 15 min SS.
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  • #1,226
  • Mar 23, 2010 3:27am Mar 23, 2010 3:27am
Hi,

I managed to grab a few tiny wins thru FH then sold at the break of the DP at LO.

Closed when 50 pip run coincided with 100 pips for the day range and support was found.

A winning day

For any beginner reading this thread, go back over the charts that are posted, it is all in there, stick at it.
Money grows on the tree of persistence
  • #1,227
  • Mar 23, 2010 4:54am Mar 23, 2010 4:54am
Quoting ozmacca
Hi,

I managed to grab a few tiny wins thru FH then sold at the break of the DP at LO.

Closed when 50 pip run coincided with 100 pips for the day range and support was found.
Nice trade.

For us the 'advanced warning' that 5050 would break was the continual lower highs. NB The lower highs continued after the highlighted hammer rejected the 50 level. That clinched the sell when 50/pivot combo failed.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #1,228
  • Mar 24, 2010 2:09am Mar 24, 2010 2:09am
GM - I sold both cable and € at FO, looking for at least a retest of the lows....
Trading Levels with WRBs
  • #1,229
  • Mar 24, 2010 2:45am Mar 24, 2010 2:45am
Quoting Islander
GM - I sold both cable and € at FO, looking for at least a retest of the lows....
Cable only managed to get back to the HL at S1, so banked and reversed to long.....also closed my € shorts and will consider re-selling after LO....
Trading Levels with WRBs
  • #1,230
  • Mar 24, 2010 2:50am Mar 24, 2010 2:50am
2 trades this am, -10 and BE. 85/65 which will break??
  • #1,231
  • Mar 24, 2010 3:01am Mar 24, 2010 3:01am
Quoting Vantage
2 trades this am, -10 and BE. 85/65 which will break??

The average swings at this time of the day are ~35 pips and today we've only had ~20 pips, so IMO its coiling for a nice breakout....TWT....I've banked again after it failed to break up....now flat for LO....
Trading Levels with WRBs
  • #1,232
  • Mar 24, 2010 5:58am Mar 24, 2010 5:58am
Quoting Vantage
2 trades this am, -10 and BE. 85/65 which will break??
Well, at least I know I'm not the only one who was struggling this morning. Luckily I caught a good move in AUD/USD that helped even things out a bit.
  • #1,233
  • Mar 24, 2010 7:27am Mar 24, 2010 7:27am
Quoting Auron112
Well, at least I know I'm not the only one who was struggling this morning. Luckily I caught a good move in AUD/USD that helped even things out a bit.
Thinks - "No-one else to blame but me, no-body else to blame but me"

Says - "No-one else to blame but Mrs V!!!"

Was myopic on gu, ej was great set up.
  • #1,234
  • Mar 24, 2010 10:54am Mar 24, 2010 10:54am
As posted elsewhere.....


I just bought cable after the last drop ended in a high volume spinning top making a higher low. The earlier low was a very high volume harami - i.e. a wide ranged candle with no follow thru'. Tight stop just under the lows. This low was in an expected time zone.

I'm looking first for a retest of the last 5m high at the MS2 level of 4930....TWT

Euro's low was a slightly lower low and also in a high vol spinning top.

I'll be happy IF Swissy drops back under its 700 level.....
__________________
Trading Levels with WRBs
  • #1,235
  • Mar 24, 2010 2:48pm Mar 24, 2010 2:48pm
Quoting Islander
As posted elsewhere.....


I just bought cable after the last drop ended in a high volume spinning top making a higher low. The earlier low was a very high volume harami - i.e. a wide ranged candle with no follow thru'. Tight stop just under the lows. This low was in an expected time zone.

I'm looking first for a retest of the last 5m high at the MS2 level of 4930....TWT

Euro's low was a slightly lower low and also in a high vol spinning top.

I'll be happy IF Swissy drops back under its 700 level.....
__________________

Hi, is cable consolidating short term in the long term downtrend right now?
Time flies like an arrow; fruit flies like a banana.
  • #1,236
  • Mar 25, 2010 1:25am Mar 25, 2010 1:25am
Quoting Islander
The ellipses show potential entries....the fast (30) ema makes a good job of showing the short term trend and the slow (150) ema confirmed that short was the way to trade.....the EMAAngleZero indy "allowed" me to buy after FO as it was showing both green and reducing momentum....its only high-lighting waht we can see on a plain chart by the slope of the fast ema......
Hi Islander, Vantage and others,

I have been lurking in the background for a very long time.

I really enjoy reading through your trades, and I am learning more everyday, so a BIG thank you to you.

Islander- I see you use the EMAAngleZero indicator, I have found it on another page at FF, but the settings must be different. Would you mind posting your version?

Thanks

M
To keep trading, even when it gets hard.
  • #1,237
  • Mar 25, 2010 1:47am Mar 25, 2010 1:47am
Quoting MichaelSA
Hi Islander, Vantage and others,

I have been lurking in the background for a very long time.

I really enjoy reading through your trades, and I am learning more everyday, so a BIG thank you to you.

Islander- I see you use the EMAAngleZero indicator, I have found it on another page at FF, but the settings must be different. Would you mind posting your version?

Thanks

M
Glad you find our posts useful.

Here's the indy - it just shows the slope of of the chosen MA as a multicoloured histogram. I change the colours to Red, Green, Dark Grey and the other settings, especially theAngleTreshold vary by time frame and currency, especially for contracts like UJ, GJ etc

Good Luck
Attached File(s)
File Type: ex4 EmaAngleZero.ex4   3 KB | 271 downloads
Trading Levels with WRBs
  • #1,238
  • Mar 25, 2010 1:52am Mar 25, 2010 1:52am
Just over an hour ago there was a retest of the overnight lows - actually a HL by a pip! - the low candle had a long downside wick and was followed by a spinning top/ doji. Both had high volume, which I view as buying......I'm long after the HL ~the 4875 level....
Trading Levels with WRBs
  • #1,239
  • Mar 25, 2010 1:58am Mar 25, 2010 1:58am
Quoting Bwana
Hi, is cable consolidating short term in the long term downtrend right now?

Cable's low on the 4 hrly and above was on March 1, since when its been consolidating in a ~ 500 pip range and its currently back at the bottom of this range.

I have no idea which way it will break out of this sideways range - but I do know that our short term signals will catch the trade - and I'll be there - as long as it happens around FO / LO or NYO1 / 2......http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,240
  • Mar 25, 2010 3:24am Mar 25, 2010 3:24am
Quoting Islander
Just over an hour ago there was a retest of the overnight lows - actually a HL by a pip! - the low candle had a long downside wick and was followed by a spinning top/ doji. Both had high volume, which I view as buying......I'm long after the HL ~the 4875 level....

This swing ran up, on schedule into mid FH and stalled at the 4925 / DP level, so I banked pips and waited for for a pull back towards the 900 level - this was a quick one in a high vol 5m spinning top and I'm long again after my limit order was hit.

Pulling a fib off my 15m chart from this weeks high, the 50% level is at 4980. I also have a market profile POC level for this week at 4986 and with Mondays low at 4975 I'm looking at this area for my next target.....TWT
Trading Levels with WRBs
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