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Islander and Medici trade the European open

  • #1,601
  • May 20, 2010 1:35am May 20, 2010 1:35am
Todays chart
Attached Image (click to enlarge)
Click to Enlarge Name: may 20 15m fo.gif Size: 30 KB
Trading Levels with WRBs
  • #1,602
  • May 20, 2010 1:44am May 20, 2010 1:44am
and €
Attached Image (click to enlarge)
Click to Enlarge Name: may 20 euro 15m fo.gif Size: 26 KB
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  • #1,603
  • May 20, 2010 1:48am May 20, 2010 1:48am
There were HLs in both cable and euro, although, as usual, it was better to wait until the middle of the hour for cable's.

Euro is so far stronger than cable which is still under its 5m 30 ema....
Trading Levels with WRBs
  • #1,604
  • May 20, 2010 1:57am May 20, 2010 1:57am
Quoting Islander
I bought € after the 1 min HL above the DP / 2325 area and waiting for a HL in cable.....TWT
and so far €'s move has been 108 pips
Trading Levels with WRBs
  • #1,605
  • May 20, 2010 2:21am May 20, 2010 2:21am
LHs on both € and cable after ultra wide ranged marubozos gave an easy sell for 30 or so pips.....
Trading Levels with WRBs
  • #1,606
  • May 20, 2010 2:25am May 20, 2010 2:25am
I have had a couple of nice M1 trades today off the "sweet spots" using HL/LH for entry, thanks Islander
  • #1,607
  • May 20, 2010 2:41am May 20, 2010 2:41am
The DP level which held earlier - also the top of the Decision Zone - held again with a great buy signal for the 100+ pip rally.....note the UWR marubozo - yellow arrows - a good exhaustion candle, always worth watching out for these...
Attached Image (click to enlarge)
Click to Enlarge Name: may 20 euro 1m lo plus 30m.gif Size: 26 KB
Trading Levels with WRBs
  • #1,608
  • May 20, 2010 2:43am May 20, 2010 2:43am
Quoting orientos
I have had a couple of nice M1 trades today off the "sweet spots" using HL/LH for entry, thanks Islander
Trading Levels with WRBs
  • #1,609
  • May 20, 2010 5:41am May 20, 2010 5:41am
Here's my euro-yen trading this morning from a session swing perspective.

A 'fakey' down to pick up buy orders was a given so the action around spike up at around 5.35 was an obvious entry.

I thought initally that 112.55 would be the level to buy at but that was quickly contradicted. Price action just above 112.10 confirmed the buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 20 may.gif Size: 22 KB
  • #1,610
  • May 21, 2010 3:19am May 21, 2010 3:19am
GM - just to let those interested know that I will no longer be posting on a regular basis - I'm just finding it too distracting and my trading has suffered.

As I recently mentioned setting intra day targets and posted a couple of charts - here's what I'm using - its all about Fibonacci and based on work done some time ago by Bobokus and documented in his old thread. My adaptation just highlights the internal and external zones of importance and I'm looking for "levels" that are in or close to these zones. The 15 min chart works off yesterdays range and on my hourly chart off the weekly range - I hope you find these helpful.

On another "helpful" matter - my esotoric friend Chad found this useful tool "OneClick" that I'm now using - something I've wanted for some time.....

Good trading to all

http://www.forexfactory.com/showthre...11#post3744611
Attached Image (click to enlarge)
Click to Enlarge Name: may 21 eur 15m 9am gmt.gif Size: 17 KB
Trading Levels with WRBs
  • #1,611
  • May 21, 2010 3:34am May 21, 2010 3:34am
GM Islander. We are going to miss you, but I appreciate your trading has to come first. In the meantime I have pages and pages of handwritten notes on your set-ups and comments to keep me going. Good luck with the longer term trading.
  • #1,612
  • May 21, 2010 3:47am May 21, 2010 3:47am
Quoting Islander
GM - just to let those interested know that I will no longer be posting on a regular basis - I'm just finding it too distracting and my trading has suffered.
Congrats Islander please convince V to do the same (I haven't been able to). End of day summaries would still be appreciated.

All the best
Mrs V (and of course Mr V).
  • #1,613
  • May 21, 2010 4:01am May 21, 2010 4:01am
Thanks guys.....I just couldn't resist posting this one - €s the WTG at present.........of course, down to "a level" in the DZ....
Attached Image (click to enlarge)
Click to Enlarge Name: eur 1 min may 21 9855 gmt.gif Size: 19 KB
Trading Levels with WRBs
  • #1,614
  • May 21, 2010 7:36am May 21, 2010 7:36am
Hi,

Thanks Islander for all your past efforts, much appreciated,

all the best
Money grows on the tree of persistence
  • #1,615
  • May 25, 2010 11:53am May 25, 2010 11:53am
Hi Islander

Was just wondering (I know you're not posting much on the 1 min anymore) but would have considered today a hard day to trade on the 1 min because I struggled wondering if you would agree or was it just me?

Thanks in advance.
  • #1,616
  • May 25, 2010 3:02pm May 25, 2010 3:02pm
Quoting reflex
Hi Islander

Was just wondering (I know you're not posting much on the 1 min anymore) but would have considered today a hard day to trade on the 1 min because I struggled wondering if you would agree or was it just me?

Thanks in advance.
Watching the falling 1m 150 ema around FO / LO gave some early pips and as usual, € was easier to trade and these days is moving as much if not more than cable...
Trading Levels with WRBs
  • #1,617
  • May 26, 2010 3:53am May 26, 2010 3:53am
GM - as requested, when I have time, I will post a chart or two.....these are 1 mins, but I'm also looking at the 15 min with my version of the fib tool to give me intra day target zones that will highlight potential "levels"

Also, I frequently pull a fib over the more recent action and its tighter DZ helps show the probability of the wider targets coming into play.....please ignore the blue / red lines on the right of the chart - these are my audio alerts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 1 min may 26 lo.gif Size: 19 KB
Click to Enlarge Name: eur 1 min may 26 lo plus 90 min.gif Size: 21 KB
Trading Levels with WRBs
  • #1,618
  • May 26, 2010 3:56am May 26, 2010 3:56am
and cable.....as before, I require a 1 min HL or LH AND a break of the fast ema for a signal....obviously, when the fast and slow EMAs are in agreement, its a stronger signal....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 1 min may 26 lo.gif Size: 21 KB
Click to Enlarge Name: cable 1 min may 26 lo plus 90 mon.gif Size: 22 KB
Trading Levels with WRBs
  • #1,619
  • May 26, 2010 7:46am May 26, 2010 7:46am
Thanks for the reply islander. Just another qucik question looking at your chart this morning my fast ema didn't match yours mine is set at 30 do you use any others apart from the 150 and 30?

Cheers
  • #1,620
  • May 26, 2010 11:40am May 26, 2010 11:40am
Quoting reflex
Thanks for the reply islander. Just another qucik question looking at your chart this morning my fast ema didn't match yours mine is set at 30 do you use any others apart from the 150 and 30?

Cheers
LOL - caught out - yes, I'm currently using a 14 sma as I'm working on a modified 1 min system....http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
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