Islander and Medici trade the European open | Page 114 | Forex Factory

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Islander and Medici trade the European open

  • #2,261
  • Aug 25, 2010 4:47am Aug 25, 2010 4:47am
Quoting medici
That's exactly my thinking.



I shorted when price broke down through the 38.2% session level after attempting new highs.
Out at 1.54 when Euro hit it's 61.8% session level. Now looking to see if the Euro is good for a long.
  • #2,262
  • Aug 25, 2010 4:47am Aug 25, 2010 4:47am
Quoting reflex
3rd trade of the day am having a much better day the tues and mon.
Identical to mine! So well done
  • #2,263
  • Aug 25, 2010 4:51am Aug 25, 2010 4:51am
Quoting medici
Identical to mine! So well done
Cheers target was 390 but just needed to bank some to make up for basically no pips on monday and tuesday.

Are you holding your position to see if we do fall to a new low on the day?

Sorry just read the post above and see you closed.
  • #2,264
  • Aug 25, 2010 4:53am Aug 25, 2010 4:53am
Quoting reflex
Cheers target was 390 but just needed to bank some to make up for basically no pips on monday and tuesday.

Are you holding your position to see if we do fall to a new low on the day?

Sorry just read the post above and see you closed.
Nope. Out at 1.54 just like you.
  • #2,265
  • Aug 25, 2010 4:58am Aug 25, 2010 4:58am
Quoting medici
Well, it isn't as easy to read as the Euro. I have a recurring thought about dropping cable and focusing on the Euro with the objective of squeezing every pip out of it...
That recurring thought is me whispering it to you in you ear while you sleep! Every night!! mwuahhahha.. but yeah, that is my aim too
  • #2,266
  • Aug 25, 2010 4:59am Aug 25, 2010 4:59am
Quoting medici
There is. I know a guy who's privy to all this stuff, but there are no free lunches...and you couldn't post it here, of course.
Hook me up, I'll buy him a lunch he will not forget!! Most likely an all u can eat
  • #2,267
  • Aug 25, 2010 5:02am Aug 25, 2010 5:02am
Quoting Sim
That recurring thought is me whispering it to you in you ear while you sleep! Every night!! mwuahhahha.. but yeah, that is my aim too
LOL! At the same time, I am a bit addicted to cable's wild swings. They give sooo many pips when you get them right. And while Euro and cable has the same ADR, cable does a lot more "running around".
  • #2,268
  • Aug 25, 2010 5:04am Aug 25, 2010 5:04am
Quoting Sim
Hook me up, I'll buy him a lunch he will not forget!! Most likely an all u can eat
Haha. I'm afraid it's a bit more expensive than that...such as a cut of your profits...
  • #2,269
  • Aug 25, 2010 5:10am Aug 25, 2010 5:10am
Quote
LOL! At the same time, I am a bit addicted to cable's wild swings. They give sooo many pips when you get them right. And while Euro and cable has the same ADR, cable does a lot more "running around".

I can imagine! Much harder to trade, imvho. Maybe once I've mastered EU though, who knows!

Quote
Haha. I'm afraid it's a bit more expensive than that...such as a cut of your profits...

Hehe. I met a dude on skype once who had some contact who gave him daily stop hunts which would work to the pip, disappeared and the next thing he was showing me pics of him working in a brokerage! Krazy
  • #2,270
  • Aug 25, 2010 5:16am Aug 25, 2010 5:16am
Quoting Sim
I can imagine! Much harder to trade, imvho. Maybe once I've mastered EU though, who knows!

Also, following the Euro can be like watching paint dry, whereas cable mostly is like a Ferrari revving up for take-off. Keeps you awake, so to say.

And you get more fake-outs in cable, and I love to fade those. Crazy me considers those safe entries. The 7.50am spike up to the overnight 76.2% level was one such, which I missed today as I had my mind elsewhere.
  • #2,271
  • Aug 25, 2010 5:23am Aug 25, 2010 5:23am
Ahh, you can see the fake outs! Very decent

Also happy 1000th post :d
  • #2,272
  • Aug 25, 2010 5:24am Aug 25, 2010 5:24am
Quoting Islander
As usual, the Euro data seems to have been well known by the insiders and the rally started 20 mins before the release.

Like yesterdays US news, it wasnt difficult to get on board and plunder some pips.....http://cdn.forexfactory.com/images/icons/icon12.gif
Glad you caught the meaty chunk of pips sir! I got duly punished for being lazy
  • #2,273
  • Aug 25, 2010 5:26am Aug 25, 2010 5:26am
Quoting Sim
Ahh, you can see the fake outs! Very decent
Some of the time. That's what the morning game is about to a large extent.

Quote


Also happy 1000th post :d

Thank you! Had to be in conversation with you, darling
  • #2,274
  • Aug 25, 2010 5:29am Aug 25, 2010 5:29am
Quoting medici
Also, following the Euro can be like watching paint dry, whereas cable mostly is like a Ferrari revving up for take-off. Keeps you awake, so to say.

And you get more fake-outs in cable, and I love to fade those. Crazy me considers those safe entries. The 7.50am spike up to the overnight 76.2% level was one such, which I missed today as I had my mind elsewhere.
I actially found the past 2 weeks cable was alittle easier to trade, i know its best trading both cable and euro can help you on gbp decision and other way around to.
Like look before the spike up now, e/u formd 123 so did not make double bottoms so hinting up, while gu made double bottoms, if you want to trade like tht, it gives more strenght to the buy order on gu before the spike.

Thats just my 2cents.
  • #2,275
  • Aug 25, 2010 5:34am Aug 25, 2010 5:34am
Quoting CoffeeDrinke
I actially found the past 2 weeks cable was alittle easier to trade, i know its best trading both cable and euro can help you on gbp decision and other way around to.
Like look before the spike up now, e/u formd 123 so did not make double bottoms so hinting up, while gu made double bottoms, if you want to trade like tht, it gives more strenght to the buy order on gu before the spike.

Thats just my 2cents.
Agreed. PA is sometimes easier to read, sometimes not.

And I have to admit a secret - I loooove cable, but she's a harsh mistress, like some of the best I've had. She'd fit in at Torture Garden without dressing up. Teaches you a lesson or two but what pleasure!
  • #2,276
  • Aug 25, 2010 5:42am Aug 25, 2010 5:42am
Quoting medici
Agreed. PA is sometimes easier to read, sometimes not.

And I have to admit a secret - I loooove cable, but she's a harsh mistress, like some of the best I've had. She'd fit in at Torture Garden without dressing up. Teaches you a lesson or two but what pleasure!
SO you recon GU is like a dominatrix you have to take a wipping every now and then, but the pleasure is not to far in the future haha
  • #2,277
  • Aug 25, 2010 5:44am Aug 25, 2010 5:44am
Quoting CoffeeDrinke
SO you recon GU is like a dominatrix you have to take a wipping every now and then, but the pleasure is not to far in the future haha
You got it!
  • #2,278
  • Aug 25, 2010 5:58am Aug 25, 2010 5:58am
Here's is my take on what's going on. The spikes up yesterday and today were simply short-covering with people exiting or taking partial profits. This because we are at strong support levels and people have made some good money.

But once the profit taking is over and the equity markets head south so will the currencies.

Don't let my mistress know that I said this. She punishes me for having thoughts like this...
  • #2,279
  • Aug 25, 2010 6:08am Aug 25, 2010 6:08am
Hahahah - I am now viewing the dark side of this thread!! I do like these slow moves when everyone is lunching, a range play scalp from 2660 turned into a couple of deranged waves down
  • #2,280
  • Aug 25, 2010 6:20am Aug 25, 2010 6:20am
Quoting Sim
Hahahah - I am now viewing the dark side of this thread!! I do like these slow moves when everyone is lunching, a range play scalp from 2660 turned into a couple of deranged waves down
Yes, we have divergent tastes and preferences here

And while you played a 10 pip range, my mistress served up a 40 pip range if you were willing to take her whip. I know which one I prefer...
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