Islander and Medici trade the European open | Page 74 | Forex Factory

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Islander and Medici trade the European open

  • #1,461
  • Apr 23, 2010 1:52am Apr 23, 2010 1:52am
Quoting Islander
I waited after price turned off the DOL and then sold the 1 min LH, exiting after the small red candle that followed the wider red marubozo - this was the 50% retrace.
Very nice Islander that was a little early for me, we had a nice lh sell below 5350.

Oh I found a nice prev day high, low indi and Royston added LO onto it, clearly shows how nice your set up worked. This is the 15 min chart.
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  • #1,462
  • Apr 23, 2010 1:55am Apr 23, 2010 1:55am
Oh I'll post on hl/lh thread, see above chart a days range indi and it shows the potential high/low for day on your chart. Now if someone can add some kind of line for the range might be nice.
  • #1,463
  • Apr 23, 2010 1:57am Apr 23, 2010 1:57am
A new low on time in mid FH in a 15 min doji and 5 min hammer.....smells of a stop sweep prior to a rally - I'm long.
Trading Levels with WRBs
  • #1,464
  • Apr 23, 2010 2:02am Apr 23, 2010 2:02am
Hi,

Buy off L4, (I like those camarillas?) also swing time so have banked pips before LO,
Money grows on the tree of persistence
  • #1,465
  • Apr 23, 2010 2:22am Apr 23, 2010 2:22am
I closed one of my longs after LO when price stalled, holding the remainder, looking for the DP / 5400 / 59% retrace area
Trading Levels with WRBs
  • #1,466
  • Apr 23, 2010 2:39am Apr 23, 2010 2:39am
Closed the remainder after the second attempt above the 5375 area failed.

Plenty banked and a Friday with data due I'm taking a coffee break...
Trading Levels with WRBs
  • #1,467
  • Apr 23, 2010 2:51am Apr 23, 2010 2:51am
Quoting ozmacca
Hi,

Buy off L4, (I like those camarillas?) also swing time so have banked pips before LO,

Nice...pips safely in the bank....

Well done noticing the pick up in volume as the Frankfurters started pushing it down to buy at a better price....
Trading Levels with WRBs
  • #1,468
  • Apr 23, 2010 2:52am Apr 23, 2010 2:52am
Quoting Vantage
Oh I'll post on hl/lh thread, see above chart a days range indi and it shows the potential high/low for day on your chart. Now if someone can add some kind of line for the range might be nice.
GM V - I'll swing by and take a look....
Trading Levels with WRBs
  • #1,469
  • Apr 23, 2010 3:06am Apr 23, 2010 3:06am
Hi Vantage,

Is it possible that you could include a link to your other thread in your signature ?

Don't know if you can but it would be handy

After an exciting week, I got wages and we now have visitors so I wish you all a nice weekend.
Money grows on the tree of persistence
  • #1,470
  • Apr 23, 2010 3:12am Apr 23, 2010 3:12am
Quoting ozmacca
Hi Vantage,

Is it possible that you could include a link to your other thread in your signature ?

Don't know if you can but it would be handy

After an exciting week, I got wages and we now have visitors so I wish you all a nice weekend.

Macca - just click on the blue posts # in the upper right corner and it opens a list of that persons last posts - its an easy way to follow someone http://cdn.forexfactory.com/images/icons/icon12.gif

Enjoy your weekend.....
Trading Levels with WRBs
  • #1,471
  • Apr 23, 2010 3:23am Apr 23, 2010 3:23am
Arrows are potential entries and ticks potential exits.....a very profitable morning.....http://cdn.forexfactory.com/images/icons/icon6.gif

I should also have put a red arrow on the LH after the last red tick.....
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Trading Levels with WRBs
  • #1,472
  • Apr 23, 2010 5:32pm Apr 23, 2010 5:32pm
Quoting Islander
Macca - just click on the blue posts # in the upper right corner and it opens a list of that persons last posts - its an easy way to follow someone http://cdn.forexfactory.com/images/icons/icon12.gif

Enjoy your weekend.....
There you go, I didn't know that, too easy !!
Money grows on the tree of persistence
  • #1,473
  • Apr 26, 2010 12:48am Apr 26, 2010 12:48am
GM - after four hours sideways in a narrow range, cable tested its R1 at 5416 and then gave a clear 1 min HL signalling a buy which then ran up ~50 pips to 5 pips below last week's high......a nice start to the week and I've also banked pips off a cheeky short

Here's some news service info...Today is scheduled to be last day of British Petroleum buying for dividend purposes ahead of tomorrows Q1 results announcement.
(At writing cable up at 1.5450. Possibly BP interest either going through or being front run).......
Trading Levels with WRBs
  • #1,474
  • Apr 26, 2010 1:53am Apr 26, 2010 1:53am
The pull back into mid FH made a HL at the 5425 level after a wide red marubozo and a retest 5 mins later.....another opportunity to buy.....this time for a 40 pip bounce.....http://cdn.forexfactory.com/images/icons/icon12.gif.....now I'm waiting for LO.....
Trading Levels with WRBs
  • #1,475
  • Apr 26, 2010 2:25am Apr 26, 2010 2:25am
Quoting Islander
The pull back into mid FH made a HL at the 5425 level after a wide red marubozo and a retest 5 mins later.....another opportunity to buy.....this time for a 40 pip bounce.....http://cdn.forexfactory.com/images/icons/icon12.gif.....now I'm waiting for LO.....
There was a second ~40 pip bounce up off the fast ema into a new high ~the 5500 level just after LO. With todays range now ~120 pips, will this be the high......TWT

So far the high was in a 15m higher volumed shooting star.....I've taken an initial sell with a tight stop in case R3 at 5521 comes into play....
Trading Levels with WRBs
  • #1,476
  • Apr 26, 2010 2:32am Apr 26, 2010 2:32am
Hi Islander,

I was looking for a sell off the ~5500 so I am in the same trade, TWT
Money grows on the tree of persistence
  • #1,477
  • Apr 26, 2010 2:35am Apr 26, 2010 2:35am
At the same time, this is a breakout above last week's high, so I wouldn't be too optimistic about the short side without a break below. Should be some buying there before a break, I'd expect.
  • #1,478
  • Apr 26, 2010 2:43am Apr 26, 2010 2:43am
Hi,

Closed at 5467 earlier high +20
Money grows on the tree of persistence
  • #1,479
  • Apr 26, 2010 3:24am Apr 26, 2010 3:24am
I took some profits as price stalled ~the earlier high of 5467 and then sold again when it only just moved above the fast ema and closed again just under the 5450 level .....€s also found support at its DP.....

The slow ma (5m 30) has now rolled over and as long as it remains negative I'll continue selling.....
Trading Levels with WRBs
  • #1,480
  • Edited 5:24am Apr 26, 2010 4:18am | Edited 5:24am
The bounce was more than I expected - a little over the 61.8% level ~5475 and I missed buying the 1 min HL....http://cdn.forexfactory.com/images/icons/icon9.gif, but sold again, my last trade for this morning....stop now to +10 and will let it run.....the support around 5450 / MR2 may hold until the US session.....TWT......BFN
Trading Levels with WRBs
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