DislikedI closed short on euro and took long because was not following cable at all, now cable stopped at bottom of yesterday's range at 5504, so i took small initial buy alsoIgnored
Islander and Medici trade the European open
- #2,462
- Aug 27, 2010 1:15am Aug 27, 2010 1:15am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #2,463
- Aug 27, 2010 1:18am Aug 27, 2010 1:18am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Cheers for that.
And my aim is to be able to get a consistent 100 pips a week like you said in a previous post its much better to get 10-20 a day then 150 evey once in a while.
As soon as I've done 100 a week for 3-4months then I will go up to risk of 1.5%-2%.
Nice divergence calling the drop at 6.10am on cable!
Methinks they have orders in the 5460-80 area in view, it not nasty stops below.
- #2,464
- Aug 27, 2010 1:24am Aug 27, 2010 1:24am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #2,466
- Aug 27, 2010 1:30am Aug 27, 2010 1:30am
And in addition the good ole trick of pullback to the overnight 76.4/23.6% level - see chart. When you see that followed by order activity in the other direction, you know that the boys have some serious mischief up their sleeves. So it's a matter of entering and collecting the paycheck around 8am or so
Methinks they have orders in the 5460-80 area in view, it not nasty stops below.
1st targtre 15462 last weeks low same area as you. but GDP might change everything.
- #2,468
- Aug 27, 2010 1:35am Aug 27, 2010 1:35am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
And in addition the good ole trick of pullback to the overnight 76.4/23.6% level - see chart. When you see that followed by order activity in the other direction, you know that the boys have some serious mischief up their sleeves. So it's a matter of entering and collecting the paycheck around 8am or so
Methinks they have orders in the 5460-80 area in view, it not nasty stops below.
I'm new to trading, but the way I learnt was position trading on longer time frames, the way my teacher trades is mainly all break out trading, with the current market ,his techniques and my psychology, I'm finding it really tough with all the whipsaws so have started looking into trading shorter timeframes for smaller pip profits, as you stated somewhere earlier in this thread, it's better to make a consistant 20 pips a day then 100 pips every now and then.
I'm on my way now reading through this thread hoping to learn the techniques shared here.
Unfortunately as a junior member, noone will probably read this post as it will most likely get released 4 hours later
Looking forward to one day become a contributing member of this thread.
- #2,473
- Aug 27, 2010 1:51am Aug 27, 2010 1:51am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Closed mine when it stalled at 5520. Now next oppty...
Nice - The Mistress has offered us a nice 30 / 40 pips to start our day....an easy sell and a slightly more difficult buy......hope you guys got some of those moves....
Trading Levels with WRBs
- #2,475
- Aug 27, 2010 1:58am Aug 27, 2010 1:58am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #2,480
- Aug 27, 2010 2:17am Aug 27, 2010 2:17am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Has today been a textbook day so far? Or maybe I'm getting better at identifing levels from reading this thread.
6.10 CI divergence 23% of overnight range 7.15 turns at RN/93 50% retrace as islander said.
Back up to Line in the sand? The 25 level (aprils high) and 50% of the tight overnight range for a short back down to the low.
all turning areas confirmed by div.