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Islander and Medici trade the European open

  • #1,581
  • May 7, 2010 1:23am May 7, 2010 1:23am
Quoting medici
GM. that's the right approach. Please let us know how it goes.

Yes, election day in the UK and interest rate decision day for ECB. Maybe a day for the sidelines.

As for Euro-yen, that has been the better choice over the past couple of days. More interesting volatility in the Euro pairs while cable is huddling behind a tree to avoid the storm.

Agreed - I've had my fill of Sphincter Challenging Trading, so I'll take a few days off ...
Trading Levels with WRBs
  • #1,582
  • May 7, 2010 4:54am May 7, 2010 4:54am
Quoting Islander
Agreed - I've had my fill of Sphincter Challenging Trading, so I'll take a few days off ...
Good thinking. One needs a break every once in a while. Enjoy.

I for one can't stay away from volatile illiquid markets - the opportunity is too big - but not doing the usual kind of trading as one has to be a lot quicker. And it's going well
  • #1,583
  • May 19, 2010 1:55am May 19, 2010 1:55am
GM all.....I see that this thread has gone into hibernation whilst I've had a break from posting.

As we move into summer, I will have less time for trading and have been looking at catching the longer intra-day moves that often originate around FO / LO and IF people are interested, I'll post some of my ideas.....

Meanwhile, here's what I've seen so far...I guess you could call it a "sweet spot" morning.....
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 1m mid fh.gif Size: 21 KB
Trading Levels with WRBs
  • #1,584
  • May 19, 2010 2:09am May 19, 2010 2:09am
Welcome back Islander. The thread went into hibernation because none of us can trade like you, unfortunately. I fpr one, missed your posts, as I always learn so much.
I am doing well trading Vantage's strategy, but that is a nice, clean approach you have shown on your M1 chart. I'll keep an eye on that in future. Thanks.
  • #1,585
  • May 19, 2010 2:22am May 19, 2010 2:22am
Quoting Islander
GM all.....I see that this thread has gone into hibernation whilst I've had a break from posting.

As we move into summer, I will have less time for trading and have been looking at catching the longer intra-day moves that often originate around FO / LO and IF people are interested, I'll post some of my ideas.....

Meanwhile, here's what I've seen so far...I guess you could call it a "sweet spot" morning.....
GM. I was there too

Sounds like a good idea to post longer-term thoughts. I'll put in my share and it could be a collaborative effort!?
  • #1,586
  • May 19, 2010 2:25am May 19, 2010 2:25am
Quoting orientos
Welcome back Islander. The thread went into hibernation because none of us can trade like you, unfortunately. I fpr one, missed your posts, as I always learn so much.
I am doing well trading Vantage's strategy, but that is a nice, clean approach you have shown on your M1 chart. I'll keep an eye on that in future. Thanks.

You're welcome - glad to hear that you're banking pips .....please remember that I am just showing potential entry areas based on PA around "a level" - how a trader uses these areas is his personal choice...

Here's an updated chart, now showing my Decision Zone - a term that I thought up in my old Naked Thread to highlight just that - a high probability area in which price will decide which way to go......you smart guys will easily work it out......
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 1m lo.gif Size: 22 KB
Trading Levels with WRBs
  • #1,587
  • May 19, 2010 2:27am May 19, 2010 2:27am
Quoting medici
GM. I was there too

Sounds like a good idea to post longer-term thoughts. I'll put in my share and it could be a collaborative effort!?

LOL - of course - I was just making a suggestion that might re-activate our thread....
Trading Levels with WRBs
  • #1,588
  • May 19, 2010 2:27am May 19, 2010 2:27am
Hi Islander,

welcome back, I have moved over to EU to play on the waterslide I know it won't last like this forever but it has been fun.

I always enjoy your posts (as well as Medicis) because I like learning from those who do actually trade.

Please post anything thing you want to share, I for one will be reading them all, as well as anything from Medici and Vantage.

Good trading.
Money grows on the tree of persistence
  • #1,589
  • May 19, 2010 2:33am May 19, 2010 2:33am
Quoting Islander
LOL - of course - I was just making a suggestion that might re-activate our thread....
Fine. It's good to have you back, and I felt a bit sad that the thread had gone to sleep, so I am glad that we are developing it.

ozmacca, I have also kept mostly to the euro pairs recently. More action and more obvious trades. But this morning cable was a given as there would be a lot of negativity around the euro that cable folks might think not fully apply to the UK.
  • #1,590
  • May 19, 2010 2:41am May 19, 2010 2:41am
Quoting ozmacca
Hi Islander,

welcome back, I have moved over to EU to play on the waterslide I know it won't last like this forever but it has been fun.

I always enjoy your posts (as well as Medicis) because I like learning from those who do actually trade.

Please post anything thing you want to share, I for one will be reading them all, as well as anything from Medici and Vantage.

Good trading.
Thanks - and for your PM which I've just found - these ideas work just as well with € and it usually has a "cleaner" chart - as my posting time is limited during this active period, I mainly just post cable, although I'm often trading € too....
Trading Levels with WRBs
  • #1,591
  • May 19, 2010 2:57am May 19, 2010 2:57am
Here's my 15 min chart which I update every morning. As before the grey area is the Decision Zone and the green and red areas the potential targets.....as with all of these zones, its the pivots and sweet spots in or close to them that are more important.....http://cdn.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 15m lo plus 50m.gif Size: 26 KB
Trading Levels with WRBs
  • #1,592
  • May 19, 2010 3:02am May 19, 2010 3:02am
The lower green area didnt show up, so I'm re-posting....
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 15m lo plus 1hr.gif Size: 26 KB
Trading Levels with WRBs
  • #1,593
  • May 19, 2010 3:55am May 19, 2010 3:55am
Hourly chart which gets updated every weekend....
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 60m.gif Size: 27 KB
Trading Levels with WRBs
  • #1,594
  • May 19, 2010 4:00am May 19, 2010 4:00am
and one last update just looking for LH / HL around a level....the same as I've been posting for some time now - basic KISS ......let me know if anyone's interested in my other charts - we should all know the 1 min by now.....
Attached Image (click to enlarge)
Click to Enlarge Name: may 19 cable 1m 0850 gmt.gif Size: 23 KB
Trading Levels with WRBs
  • #1,595
  • May 19, 2010 4:02am May 19, 2010 4:02am
Hi Islander
The 1 min counter trend stuff is just a little much for me, try as I can I don't get that right and trying messes up pretty reasonable numbers otherwise.

I will be really glad to see some of your wisdom and Medici's on slightly longer term stuff, ie getting good entries for longer trades.

Will try and contribute where I can. Again glad to see the longer term bias.

Cheers
  • #1,596
  • May 19, 2010 4:12am May 19, 2010 4:12am
Quoting Vantage
Hi Islander
The 1 min counter trend stuff is just a little much for me, try as I can I don't get that right and trying messes up pretty reasonable numbers otherwise.

I will be really glad to see some of your wisdom and Medici's on slightly longer term stuff, ie getting good entries for longer trades.

Will try and contribute where I can. Again glad to see the longer term bias.

Cheers
GM V - good to see you popping in http://cdn.forexfactory.com/images/icons/icon7.gif and I understand the difficulties of trying to take short term reversals...BUT if you think of these as a heads up, they MAY be of help for your longer term entries - after the appropriate confirmation. Also, you may have noticed that all of my arrows - potential entries - are after confirmation via a HL / LH and this somewhat easier to see and use...

Again, the actual short term reversal was where I was looking for it - close to a level and just into the Decision Zone...http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,597
  • May 19, 2010 6:20pm May 19, 2010 6:20pm
Hi Islander,

Do you have an MQ4 version of that indicator for the Zones that you can share please. I am still unable to get any EX4 indi to attach to a chart.

It seems to work on pivots, S1 R1 ?

thanks
Money grows on the tree of persistence
  • #1,598
  • May 20, 2010 12:31am May 20, 2010 12:31am
Quoting Islander
GM all.....I see that this thread has gone into hibernation whilst I've had a break from posting.

As we move into summer, I will have less time for trading and have been looking at catching the longer intra-day moves that often originate around FO / LO and IF people are interested, I'll post some of my ideas.....

Meanwhile, here's what I've seen so far...I guess you could call it a "sweet spot" morning.....
Just wanted to state that I would interested in your longer intra-day moves*
  • #1,599
  • May 20, 2010 1:03am May 20, 2010 1:03am
GM - some start to the day http://cdn.forexfactory.com/images/icons/icon11.gif

Euro's holding its Asian lows ~its 2325 level, whilst cable's ~50 pips below its earlier lows.....anyone for a fakeout??

Macca - I put the coloured zones on manually......and their fib based
Trading Levels with WRBs
  • #1,600
  • May 20, 2010 1:07am May 20, 2010 1:07am
I bought € after the 1 min HL above the DP / 2325 area and waiting for a HL in cable.....TWT
Trading Levels with WRBs
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