Islander and Medici trade the European open | Page 125 | Forex Factory

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Islander and Medici trade the European open

  • #2,481
  • Aug 27, 2010 2:21am Aug 27, 2010 2:21am
Quoting medici
Still think 5460-80 is a possibility. Now the 8am fix...let's see...
Currently, MS1 at 5490 is holding - if it breaks then S1 / yesterdays lows ~ 5450 become the next target....IMO if € holds > 2700 we'll get a bounce, if not it will move south...
Trading Levels with WRBs
  • #2,482
  • Aug 27, 2010 2:28am Aug 27, 2010 2:28am
Quoting medici
Reverse CI divergence indicating the short from the 38.2% level.
I took this GU short also, but more due to VSA signals than the CII. Out too soon, but that's my own psych issues.

Can you answer a quick question on how you use the CII re. BB? I see price didn't touch upper band but there still was the divergence. Is the divergence at S&R enough for you, and BB touch is all the better, or do you usually wait for BB touch as well to feel comfortable with it?

Thanks!
  • #2,483
  • Aug 27, 2010 2:30am Aug 27, 2010 2:30am
Morning champs
  • #2,484
  • Aug 27, 2010 2:35am Aug 27, 2010 2:35am
Quoting TC East
I took this GU short also, but more due to VSA signals than the CII. Out too soon, but that's my own psych issues.

Can you answer a quick question on how you use the CII re. BB? I see price didn't touch upper band but there still was the divergence. Is the divergence at S&R enough for you, and BB touch is all the better, or do you usually wait for BB touch as well to feel comfortable with it?

Thanks!
We're happy to have your VSA thoughts too - I'm a long time VSA user - but now combined with levels etc....
Trading Levels with WRBs
  • #2,485
  • Aug 27, 2010 2:36am Aug 27, 2010 2:36am
Quoting Sim
Morning champs
GM sleepy-head.....http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #2,486
  • Aug 27, 2010 2:39am Aug 27, 2010 2:39am
Quoting Islander
GM sleepy-head.....http://cdn.forexfactory.com/images/icons/icon12.gif
Haha,, you know me too well

Been looking at VSA since I've seen you apply it Islander.. got me tired last night reading MTM etc.. would you say the simpler way to learn it is to just learn the names of the bars etc then apply them to position in the market?
  • #2,487
  • Aug 27, 2010 2:39am Aug 27, 2010 2:39am
Quoting Islander
Currently, MS1 at 5490 is holding - if it breaks then S1 / yesterdays lows ~ 5450 become the next target....IMO if € holds > 2700 we'll get a bounce, if not it will move south...
Faded that last failed breakout attempt from under 5490 as I saw M5 CI div forming plus EMAangle div. Now let's see what's on the upside.

And, for reflex and Sim, that was a zero drawdown entry
  • #2,488
  • Aug 27, 2010 2:41am Aug 27, 2010 2:41am
Quoting Islander
GM sleepy-head.....http://cdn.forexfactory.com/images/icons/icon12.gif
Only excuse would be a night at Torture Garden...
  • #2,489
  • Aug 27, 2010 2:46am Aug 27, 2010 2:46am
Quoting medici
Faded that last failed breakout attempt from under 5490 as I saw M5 CI div forming plus EMAangle div. Now let's see what's on the upside.

And, for reflex and Sim, that was a zero drawdown entry
Nice! I'll be getting those one day lol.
15min also had divergence.
  • #2,490
  • Aug 27, 2010 2:48am Aug 27, 2010 2:48am
Would like to hear your opinion about entering a few minutes before LO ...
the short trade worked ok this time ...

Quoting david4u
In this short ...
entered 8 min before LO .
Would you have waited to see the LO open ?
OR if all conditions meet , the press the sell button ...
  • #2,491
  • Aug 27, 2010 2:48am Aug 27, 2010 2:48am
Quoting medici
Only excuse would be a night at Torture Garden...
My damn calves feel like they've been to Torture Garden! Think I pulled one running 6mile in the rain

I should just quit for the day, got euro from 2710 to 32

and it makes me happy
  • #2,492
  • Aug 27, 2010 2:48am Aug 27, 2010 2:48am
Quoting TC East
I took this GU short also, but more due to VSA signals than the CII. Out too soon, but that's my own psych issues.

Can you answer a quick question on how you use the CII re. BB? I see price didn't touch upper band but there still was the divergence. Is the divergence at S&R enough for you, and BB touch is all the better, or do you usually wait for BB touch as well to feel comfortable with it?

Thanks!
That was a continuation trade, so I wouldn't worry about the BBs, which in this case were comfortably downward sloping. I use the BBs for reversal trades only.

And you're welcome!
  • #2,493
  • Aug 27, 2010 2:50am Aug 27, 2010 2:50am
Quoting reflex
Nice! I'll be getting those one day lol.
15min also had divergence.
So I noted. That added to my confidence.
  • #2,494
  • Aug 27, 2010 2:51am Aug 27, 2010 2:51am
Good Morning, just took g/u with a 10 pip stop on Ci divergence, Cheers Guys
  • #2,495
  • Aug 27, 2010 2:52am Aug 27, 2010 2:52am
Quoting david4u
Would like to hear your opinion about entering a few minutes before LO ...
the short trade worked ok this time ...
Perfectly alright. Well done. I was the sleepyhead there, being involved in a less meaning long off the M1, losing focus on essentials, i.e. CI M5 divergence!
  • #2,496
  • Aug 27, 2010 2:53am Aug 27, 2010 2:53am
Quoting medici
Faded that last failed breakout attempt from under 5490 as I saw M5 CI div forming plus EMAangle div. Now let's see what's on the upside.

And, for reflex and Sim, that was a zero drawdown entry
Nice - more than half an hour around the MS1 level was a real test of patience.

The market profile POC since the NY close is at 5518 and as we've failed to break down, I'm thinking that this was accumulation. A wide ranged candle breaking up thru the DP / open / 5525 level would IMO confirm this....GDP data in ~half an hour....
Trading Levels with WRBs
  • #2,497
  • Aug 27, 2010 2:53am Aug 27, 2010 2:53am
Quoting Islander
We're happy to have your VSA thoughts too - I'm a long time VSA user - but now combined with levels etc....
My annotating skills aren't the best, but basically from a VSA perspective I saw the high volume on the 2 marked upbars that didn't lead to much further rise in price. The 2 small range upbars that followed were on much less volume (weakness), so I entered short on break of that second low volume upbar...

Still learning VSA really, so welcome any input from you or others of course
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  • #2,498
  • Aug 27, 2010 2:57am Aug 27, 2010 2:57am
Quoting Islander
Nice - more than half an hour around the MS1 level was a real test of patience.

The market profile POC since the NY close is at 5518 and as we've failed to break down, I'm thinking that this was accumulation. A wide ranged candle breaking up thru the DP / open / 5525 level would IMO confirm this....GDP data in ~half an hour....
That should be fun. The country is clearly grinding to a halt...I wonder if the official statistics will show that
  • #2,499
  • Aug 27, 2010 3:00am Aug 27, 2010 3:00am
Quoting furble
I'm so impressed by your reading of the market, it's like you have a crystal ball.

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...
Sorry if you have spotted this post Medici but if you missed it I thought I should post it again.
Like he said poepele might miss it cause it comes through late.
  • #2,500
  • Aug 27, 2010 3:05am Aug 27, 2010 3:05am
Quoting Sim
Haha,, you know me too well

Been looking at VSA since I've seen you apply it Islander.. got me tired last night reading MTM etc.. would you say the simpler way to learn it is to just learn the names of the bars etc then apply them to position in the market?
I dont like to get too involved with all of the individual VSA definitions as IMO its too easy to loose focus on actual trading. Also, we expect the vols to pick up in Frankies Hour, after the Asian session.

However, a small candle with high vol gets my attention.....it must have hidden buying / selling. The same for a wide ranged candle that doesnt follow thru - people have been taking profits, so I'll protect mine....

I'm still trying Market Profile - accumulated vols around each price - for me, the problem is when to you start measuring from.....

I hope this helps....
Trading Levels with WRBs
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