Islander and Medici trade the European open | Page 105 | Forex Factory

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Islander and Medici trade the European open

  • #2,081
  • Aug 18, 2010 5:40pm Aug 18, 2010 5:40pm
Quoting Accumulation
Bless you my son!
You're welcome! And questions, comments, and ideas welcome too, of course
  • #2,082
  • Aug 19, 2010 12:56am Aug 19, 2010 12:56am
GM - some easy bottom-picking there (thanks to CI divergence) for a few but the mood seems lacklustre out there.
  • #2,083
  • Aug 19, 2010 1:19am Aug 19, 2010 1:19am
Hi

Have been watching this thread for over a week now and it seems the Ci Indicator is the final confirmation for a lot of the trades I'm new to this style of trading and will keep my head down and watch for now.

Keep up the good work
  • #2,084
  • Aug 19, 2010 2:22am Aug 19, 2010 2:22am
Quoting Eamonn
Hi

Have been watching this thread for over a week now and it seems the Ci Indicator is the final confirmation for a lot of the trades I'm new to this style of trading and will keep my head down and watch for now.

Keep up the good work
Hello Eamonn, and welcome to the thread. We're honoured by having your first post on our thread. Feel free to post questions, comments, and suggestions as you see fit.
  • #2,085
  • Aug 19, 2010 2:41am Aug 19, 2010 2:41am
Hi

Have been watching this thread for over a week now and it seems the Ci Indicator is the final confirmation for a lot of the trades I'm new to this style of trading and will keep my head down and watch for now.

Keep up the good work
  • #2,086
  • Aug 19, 2010 2:42am Aug 19, 2010 2:42am
Hi medici
something like that did you pick ?
Can you explain what is your entry trigger ?
Do you take your trades on M1 ?
Do you wait for any type of confirmation ?
Tks
David


Quoting medici
some easy bottom-picking there (thanks to CI divergence)
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  • #2,087
  • Aug 19, 2010 3:36am Aug 19, 2010 3:36am
Hi all Medici is this one you did or would do or wasn't that close to news?
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  • #2,088
  • Aug 19, 2010 4:05am Aug 19, 2010 4:05am
Quoting medici
Not much going on in cable so scalping the Euro. Not much to post. Sorry. But Sim would like it!
Took day off yesterday to stay over in some place in Barking!

Glad you filled my shoes Looks like a looovely day

Today not bad too Despite alarm being set at 7am and waking at 9.30 :/
  • #2,089
  • Edited 6:27am Aug 19, 2010 4:37am | Edited 6:27am
Quoting david4u
Hi medici
something like that did you pick ?
Yes.

Quote

Can you explain what is your entry trigger ?

In this case, the touch of the overnight low - it's the 38.2% retracement of the move up from the early June bottom.

And it's an old pattern from one of the early posts - when breakout during Asian session then retrace and continuation - see http://www.forexfactory.com/showpost...05&postcount=7 So also today. But CI was extra confirmation.

Quote

Do you take your trades on M1 ?

Yes, HL&LHs and momentum entries.

Quote

Do you wait for any type of confirmation ?

Generally it's 'levels' confirmed by PA or divergence. Sometimes I look to HL/LHs on M1.

Quote

Tks
David

You're welcome
  • #2,090
  • Aug 19, 2010 4:40am Aug 19, 2010 4:40am
Quoting reflex
Hi all Medici is this one you did or would do or wasn't that close to news?
Haha, no, wouldn't bet on the news. So I stayed with AUD and EUR.
  • #2,091
  • Aug 19, 2010 5:08am Aug 19, 2010 5:08am
Quoting Sim
Took day off yesterday to stay over in some place in Barking!

Glad you filled my shoes Looks like a looovely day

Today not bad too Despite alarm being set at 7am and waking at 9.30 :/
Glad to have you back, lazy boy

Are you using 100min BBs for your psychedelic sessions?
  • #2,092
  • Aug 19, 2010 5:42am Aug 19, 2010 5:42am
Quoting medici
Glad to have you back, lazy boy

Are you using 100min BBs for your psychedelic sessions?
Noope just SR my friend, definitely studying your calmer CCI/BB band reversal trading! One thing which gets me abou reversals however is the constant spikes up back to the entry clusters though lol,, so I tend to take less and repeat the trades
  • #2,093
  • Aug 19, 2010 5:47am Aug 19, 2010 5:47am
Quoting Sim
Noope just SR my friend, definitely studying your calmer CCI/BB band reversal trading! One thing which gets me abou reversals however is the constant spikes up back to the entry clusters though lol,, so I tend to take less and repeat the trades
Maybe it's different if you have identified the levels in advance, and when price is approaching you have confirmation by divergence and BBs, so the entry becomes a bit less stressful.

Note that all turning points to the major swings in the Euro this morning were outside the BBs.
  • #2,094
  • Aug 19, 2010 6:33am Aug 19, 2010 6:33am
Note that all turning points to the major swings in the Euro this morning were outside the BBs.


The turning points also occured when the RSI component of the CI is near an extreme high or low and touching the BBs.Marking the oscillator extremes provide important horizontal trend lines.
  • #2,095
  • Aug 19, 2010 6:39am Aug 19, 2010 6:39am
Quoting medici
Maybe it's different if you have identified the levels in advance, and when price is approaching you have confirmation by divergence and BBs, so the entry becomes a bit less stressful.

Note that all turning points to the major swings in the Euro this morning were outside the BBs.
Interesting!

Here's a current example, normal SL at breakeven or extend the risk to 2 or 3 pips.. I see it soo damn much, but again these micro timeframes are kind of unique in their.. choppiness (note this was the 50 level but it can be any price, from my experience)
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  • #2,096
  • Aug 19, 2010 6:47am Aug 19, 2010 6:47am
Quoting Sim
Interesting!

Here's a current example, normal SL at breakeven or extend the risk to 2 or 3 pips.. I see it soo damn much, but again these micro timeframes are kind of unique in their.. choppiness (note this was the 50 level but it can be any price, from my experience)
Noticed that one. Risk&reward not in my ballpark.

Attached chart is an example of what I mean. Worth looking at those BBs, you think?
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  • #2,097
  • Aug 19, 2010 6:49am Aug 19, 2010 6:49am
Quoting ph54
Note that all turning points to the major swings in the Euro this morning were outside the BBs.


The turning points also occured when the RSI component of the CI is near an extreme high or low and touching the BBs.Marking the oscillator extremes provide important horizontal trend lines.
Hello ph54, and welcome!

Yes, indeed, most OB/OS oscillators would, but not all would show divergence
  • #2,098
  • Aug 19, 2010 6:52am Aug 19, 2010 6:52am
Quoting medici
Attached chart is an example of what I mean. Worth looking at those BBs, you think?

No, not my desire to have near pin-point accuracy on the extremes the market goes to, LoL!

Gonna put them on my m5 chart soon, talk about a masterpiece!

Thanks for sharing such awesome tools, one could easily make a living with some dilligence, CCI and BBs
  • #2,099
  • Aug 19, 2010 6:54am Aug 19, 2010 6:54am
Premature close due to US open spunkfest
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  • #2,100
  • Aug 19, 2010 7:08am Aug 19, 2010 7:08am
Quoting Sim
No, not my desire to have near pin-point accuracy on the extremes the market goes to, LoL!
In this case the top was also 200% of the Asian session, plus the trendline support turned resistance, plus CI divergence, plus...and in conjunction with the BBs, hard to resist in my view.

Quote


Gonna put them on my m5 chart soon, talk about a masterpiece!

Thanks for sharing such awesome tools, one could easily make a living with some dilligence, CCI and BBs

You're welcome, and discussion and sharing appreciated.
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