Islander and Medici trade the European open | Page 116 | Forex Factory

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Islander and Medici trade the European open

  • #2,301
  • Aug 25, 2010 8:26am Aug 25, 2010 8:26am
Quoting Islander
- also cable after it held at MR1 5454 with bearish dvg....
Cool !

Got out around 42.. was aiming for 32 but playing safe
  • #2,302
  • Aug 25, 2010 8:27am Aug 25, 2010 8:27am
Quoting Islander
- also cable after it held at MR1 5454 with bearish dvg....
Ah, we've got our eyes on the very same things...
  • #2,303
  • Aug 25, 2010 8:27am Aug 25, 2010 8:27am
Quoting medici
Nice

And here's my entry. My lady speaks to me today....
Ahhh damn those GBPs pay well

But I do go full lev on EU.. don't think I could sustain myself on any other pair
  • #2,304
  • Aug 25, 2010 8:33am Aug 25, 2010 8:33am
Quoting Sim
Ahhh damn those GBPs pay well

But I do go full lev on EU.. don't think I could sustain myself on any other pair
What's that in terms of risk per trade, if I may ask? Mine was 5% for 10 pips stop, but would have cut sooner if it didn't turn down. In total less than two pip drawdown, which is nice.
  • #2,305
  • Aug 25, 2010 8:34am Aug 25, 2010 8:34am
Wow, that's nuts shizzle

Oanda is 40:1 so with 5/6p SL I risk around 3%, if I remember right
  • #2,306
  • Aug 25, 2010 8:35am Aug 25, 2010 8:35am
Quoting Sim
Ahhh damn those GBPs pay well

But I do go full lev on EU.. don't think I could sustain myself on any other pair

I'm only 1/2 size when against the 5m 30ema - for me, that's its other use, as a filter...
Trading Levels with WRBs
  • #2,307
  • Aug 25, 2010 8:35am Aug 25, 2010 8:35am
That high, or rather 1.5455, was 23.6% of yesterday's range. Our Mistress keeps track of her fibs.
  • #2,308
  • Aug 25, 2010 8:38am Aug 25, 2010 8:38am
Just got a few more from 45

thanks for the info captns
  • #2,309
  • Aug 25, 2010 8:39am Aug 25, 2010 8:39am
Quoting medici
That high, or rather 1.5455, was 23.6% of yesterday's range. Our Mistress keeps track of her fibs.
And out at the 100 SMA. Now next oppty.
  • #2,310
  • Aug 25, 2010 8:42am Aug 25, 2010 8:42am
closed both for a few pips when they hit the still +ve 30 emas....now for the New Home Sales, expected is 333K

Trading Levels with WRBs
  • #2,311
  • Aug 25, 2010 8:42am Aug 25, 2010 8:42am
Quoting Sim
Wow, that's nuts shizzle

Oanda is 40:1 so with 5/6p SL I risk around 3%, if I remember right
That guy I mentioned, with all the inside info, never risks less than 5% per trade. And he's done that for years. 5% risk per trade and two trades a day makes for 15-20% a day. Not bad.
  • #2,312
  • Aug 25, 2010 8:44am Aug 25, 2010 8:44am
Quoting Islander
closed both for a few pips when they hit the still +ve 30 emas....now for the New Home Sales, expected is 333K

Some pips expected too
  • #2,313
  • Aug 25, 2010 8:45am Aug 25, 2010 8:45am
Quoting medici
That guy I mentioned, with all the inside info, never risks less than 5% per trade. And he's done that for years. 5% risk per trade and two trades a day makes for 15-20% a day. Not bad.
Must be minted! He just has a contact within an institution?
  • #2,314
  • Aug 25, 2010 8:48am Aug 25, 2010 8:48am
Quoting Sim
Must be minted! He just has a contact within an institution?
Indeed.

No, he used to have a senior fx role with one of the banks running the show.
  • #2,315
  • Aug 25, 2010 8:50am Aug 25, 2010 8:50am
Quoting medici
Indeed.

No, he used to have a senior fx role with one of the banks running the show.
Lucky git! Tell him to spread the love to the suburbs!

3/4 risked here
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  • #2,316
  • Aug 25, 2010 8:56am Aug 25, 2010 8:56am
Why do I have a feeling this is going to come down with a whistle before the day is over?

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  • #2,317
  • Aug 25, 2010 8:58am Aug 25, 2010 8:58am
Quoting Sim
Lucky git! Tell him to spread the love to the suburbs!

3/4 risked here
Nice trade, but that third bounce off 2636 was a good entry too.
  • #2,318
  • Aug 25, 2010 9:09am Aug 25, 2010 9:09am
Quoting medici
Nice trade, but that third bounce off 2636 was a good entry too.
Yep was short from 45, got out at the end of that candle which formed that bounce so had a mental block with switching directions.. little things like this I'm working on
  • #2,319
  • Aug 25, 2010 9:11am Aug 25, 2010 9:11am
Just played Roy, how good was he,btw still lurking ,love the thread
  • #2,320
  • Aug 25, 2010 9:11am Aug 25, 2010 9:11am
2010.08.25 16:00:02 *US Jul New Home Sales -12.4% To 276K; Consensus 333K

so Swissy dropped and I bought €. Swissy reversed and so did I, closed for a few more, time to assimulate the info and digest....

The 5m H vol shooting star that's just been €s high suggests a TP...
Trading Levels with WRBs
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