Islander and Medici trade the European open | Page 119 | Forex Factory

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Islander and Medici trade the European open

  • #2,361
  • Aug 26, 2010 12:52am Aug 26, 2010 12:52am
Quoting okrutny
Cable making LHs, under mr2, but over 30 MA, which acts as hge support. For me seems heading south, IF breaks the MA, will increase my short position.
Hmm, IMHO not a morning to be short. But I may be wrong.
  • #2,362
  • Aug 26, 2010 12:59am Aug 26, 2010 12:59am
Massive positive div for move up on daily CII. Thanks for that one Medici. Trading comfortably above the Apr highs which should have provided res. 15 min vol falls off on any type of move down, for now at least.

Was there any news out early this am that caused the big push up?
  • #2,363
  • Aug 26, 2010 1:07am Aug 26, 2010 1:07am
Quoting Vantage
Massive positive div for move up on daily CII. Thanks for that one Medici. Trading comfortably above the Apr highs which should have provided res. 15 min vol falls off on any type of move down, for now at least.

Was there any news out early this am that caused the big push up?
Magnificent stuff, isn't it!? No news to my knowledge, just equity market reversal yesterday plus stop hunting before the down trend continues.
  • #2,364
  • Aug 26, 2010 1:11am Aug 26, 2010 1:11am
Quoting medici
plus stop hunting before the down trend continues.
I am amazed that there weren't sellers at 5522 I think it is, the Apr high!!
  • #2,365
  • Aug 26, 2010 1:13am Aug 26, 2010 1:13am
Quoting Vantage
I am amazed that there weren't sellers at 5522 I think it is, the Apr high!!
LOL maby they were all sleeping
  • #2,366
  • Aug 26, 2010 1:14am Aug 26, 2010 1:14am
Levels hit in both were 50% Fib resistance...in case you were wondering.
  • #2,367
  • Aug 26, 2010 1:16am Aug 26, 2010 1:16am
GM all.....this from ForexLive says it all - and I'm more than a tad miffed that I didnt go with my VSA read of accumulation off yesterdays DP....

Cable has made a sharp move higher in the afternoon driven by some sizeable stop-loss orders in both cable (above 1.5525) and GBP/JPY (above 131.50). Early session moves were relatively slow as GBP/JPY buying ate through decent cable offers towards 1.5510. Once the offers were filled the stops were triggered and cable gapped 30 pips higher. Ranges: Cable 1.5468/1.5563, EUR/GBP .8171/95.

I was long into FO and until I see the 30 ema roll over and confirm a short term top, this IMO remains in play for a continued rally into the Decision Zone.....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: aug 26 cable 4hr fo.gif Size: 23 KB
Trading Levels with WRBs
  • #2,368
  • Aug 26, 2010 1:18am Aug 26, 2010 1:18am
Quoting CoffeeDrinke
LOL maby they were all sleeping
Goie more Coffee.

The Souties in London know how to put a pending order in (unlike me!!).

15 min high vol shooting star, if that doesn't follow lower suspect more upside.
  • #2,369
  • Aug 26, 2010 1:19am Aug 26, 2010 1:19am
Beautiful shooting star in 5m/15m tfs on euro, imho has to mean sth. I'm done for today, cu tomorrow.

PS: Wasn't it stop hunting at 7am, to trigger stops above 2724 resistance and maybe to let big sell orders in?
  • #2,370
  • Aug 26, 2010 1:24am Aug 26, 2010 1:24am
Quoting okrutny
Beautiful shooting star in 5m/15m tfs on euro, imho has to mean sth. I'm done for today, cu tomorrow.
Big bearish dvg from CII too....http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #2,371
  • Aug 26, 2010 1:25am Aug 26, 2010 1:25am
Quoting Vantage
Goie more Coffee.

The Souties in London know how to put a pending order in (unlike me!!).

15 min high vol shooting star, if that doesn't follow lower suspect more upside.
Pending orders haha ons het nog nie die tech hier in afrika ni.
all i see is pins (15min) divergence and triple tops on eu so i just pressd the sell button .
Plus if it is going up london might push gu to 1,55 so i might just just get 1:1 so i am safe let me add hopefully.
  • #2,372
  • Aug 26, 2010 1:41am Aug 26, 2010 1:41am
IMO, the ideal short term scenario is a pull back to ~the MR3 at 5544 around mid FH for a HL and then a run up to ring the bell ~the 5600 level for LO before a retrace.....so far so good http://cdn.forexfactory.com/images/icons/icon12.gif....stop at BE +2
Trading Levels with WRBs
  • #2,373
  • Edited 2:11am Aug 26, 2010 1:49am | Edited 2:11am
Hi,

Everyone is saying Buy....................

I mean Forex guys are crazy, they will probably sell at UK open now.

I wasn't brave enough to try at EU open, would have got something on EU

Wait for UK now

Told you they were crazy
Money grows on the tree of persistence
  • #2,374
  • Aug 26, 2010 2:21am Aug 26, 2010 2:21am
[quote=Islander;3977833]IMO, the ideal short term scenario is a pull back to ~the MR3 at 5544 around mid FH for a HL and then a run up to ring the bell ~the 5600 level for LO before a retrace.....so far so good http://cdn.forexfactory.com/images/icons/icon12.gif....stop at BE +2[/quote


OK, so not made the 5600 level, despite a WR green 1m marubozo just after LO.....the same in euro, which is IMO holding up cable....I exited after the marubozo turned into a harami - with 1 min bearish dvg - and took a smaller sized sell and closed that at the still rising 5m 30 ema, now looking for a LH to confirm a larger sell
Trading Levels with WRBs
  • #2,375
  • Aug 26, 2010 2:25am Aug 26, 2010 2:25am
Quoting ozmacca
Hi,

Everyone is saying Buy....................

I mean Forex guys are crazy, they will probably sell at UK open now.

I wasn't brave enough to try at EU open, would have got something on EU

Wait for UK now

Told you they were crazy
Mmmm - sorry Macca, but what's crazy about trying to sell at the highest possible price - and IMO its not yet confirmed that we've seen it - hint, watch €......
Trading Levels with WRBs
  • #2,376
  • Aug 26, 2010 2:45am Aug 26, 2010 2:45am
Now we may have seen cable's ST high.....I was watching this chart as well and sold both when € failed to continue up - I was long after the earlier HL....
Attached Image (click to enlarge)
Click to Enlarge Name: aug 26 eur 1m lo plus 40m.gif Size: 15 KB
Trading Levels with WRBs
  • #2,377
  • Aug 26, 2010 2:46am Aug 26, 2010 2:46am
Hi Islander,

I call them crazy because I can't anticipate their actions For those who can, (sigh) it ain't !

I need a holiday, I will see you all in a month, I am off to Cape York ( that is in Australia) on a 4 X4 bus trip next week so I will be back in a month

Hope you all have a great September and I can catch up when I come back
Money grows on the tree of persistence
  • #2,378
  • Aug 26, 2010 2:47am Aug 26, 2010 2:47am
Quoting Islander
Mmmm - sorry Macca, but what's crazy about trying to sell at the highest possible price - and IMO its not yet confirmed that we've seen it - hint, watch €......
Just what I did...watched the failed retest of 2745 and the shorted cable
  • #2,379
  • Aug 26, 2010 2:49am Aug 26, 2010 2:49am
Quoting ozmacca
Hi Islander,

I call them crazy because I can't anticipate their actions For those who can, (sigh) it ain't !

I need a holiday, I will see you all in a month, I am off to Cape York ( that is in Australia) on a 4 X4 bus trip next week so I will be back in a month

Hope you all have a great September and I can catch up when I come back
Have a good one, and see you in October!
  • #2,380
  • Aug 26, 2010 2:54am Aug 26, 2010 2:54am
Quoting ozmacca
Hi Islander,

I call them crazy because I can't anticipate their actions For those who can, (sigh) it ain't !

I need a holiday, I will see you all in a month, I am off to Cape York ( that is in Australia) on a 4 X4 bus trip next week so I will be back in a month

Hope you all have a great September and I can catch up when I come back

HAve a great time - one of my family who now lives in Oz has a big mobile home thingy and tows a Wrangler - he's just finishing a 2 year trip around Oz and I've heard lots of great stories....
Trading Levels with WRBs
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