Islander and Medici trade the European open | Page 133 | Forex Factory

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Islander and Medici trade the European open

  • #2,641
  • Aug 29, 2010 10:29am Aug 29, 2010 10:29am
Quoting medici
I think you got that comparison wrong, pal.
Haha oops, I was thinking of my town regarding the comparison.. then had a strking thought that dulwich is near greenwich and I'm always going greenwich and friends there always coming here, etc etc
  • #2,642
  • Aug 29, 2010 10:32am Aug 29, 2010 10:32am
Quoting medici
Take note, Sim - it's possible to move beyond that...
Hahaha

http://www.twolvesblog.com/images/st...e-facepalm.jpg
  • #2,643
  • Aug 29, 2010 12:05pm Aug 29, 2010 12:05pm
Quoting Sim
I know some dudes who do a live webcam show every morning, just talk and joke about with the group while making pips...regarding how commercial you want it that's entirely up to you.

I think a fair cost is something like, 1 goat a month? Prize goats though, none of that weak shit
LOL - ever since I found a large billy-goat - and mon his cojones were LARGE! - standing on his hind legs on the bonnet / hood of my my hire car - this was in Antigua, and the owner was a friend - eating berries off the tree that I was using for shade, I've been of the opinion that the only good goat is a curried one

I did start to try to remove him, but quickly decided that retreat to a cold Carib made more sense than loosing out in the cojones battle to his nasty horns http://cdn.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #2,644
  • Aug 29, 2010 12:18pm Aug 29, 2010 12:18pm
Quoting Moxie
Islander, This is a chart you posted Friday morning, if you get some free time tomorrow, could you label the exact candle you would have entered on and your reasoning for doing so.. 1 min is too fast for me yet but would be grateful for your insight..

Medici Thanks for your warm welcome to the thread, I live in North Ireland, Co, Tyrone 40-miles west of Belfast and 150 miles from Galway unfortunately, I hope you enjoyed your stay in Ireland.

Medici, On friday in one of your posts, you referred to the difficulity in drawing fibonacci retracements...
Hi Moxie

In each case after the LH /HL at the first arrow.....in the first case, a sell, its after the small green Inside Bar, so plenty of time.

In the second, a buy, price was moving around a **00 level, so after it retraced down and then broke that level upwards, that was the buy.

Regards
Trading Levels with WRBs
  • #2,645
  • Aug 29, 2010 3:25pm Aug 29, 2010 3:25pm
Trying to continue to learn on BB
I am not able to say if this ind can help us , or it's just
an other graphic way to show what we already have on the upper window ..the BB
Pls find a link to John Bollinger short video on this ind.
http://www.etfcm.com/bollinger.php

David
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Attached File(s)
File Type: ex4 Bollinger Band %b.ex4   3 KB | 305 downloads
File Type: mq4 Bollinger Band %b.mq4   2 KB | 335 downloads
  • #2,646
  • Aug 30, 2010 1:57am Aug 30, 2010 1:57am
GM - and trust that those in the UK are enjoying their Bank Holiday.

Bullish dvg on several TFs on the new lows before FO and then a HL for a buy that has so far failed to reach the Asian high. Good for 20+ pips and the attempted follw thru has so far failed at the 550 level

LO as such is unlikely happen today....
Trading Levels with WRBs
  • #2,647
  • Aug 30, 2010 2:14am Aug 30, 2010 2:14am
A nice down trend line on the 15m chart was respected in FH with a LH that has already fallen 40 pips to make a new low for the day so far.....that makes a potential total of say 50 pips for the alert trader and in respect of you UK guys, I'm calling it a day.....
Trading Levels with WRBs
  • #2,648
  • Aug 30, 2010 2:34am Aug 30, 2010 2:34am
Saw this one seting up but did not have the courage to pull the triger so I took a screen shot instead, Price out side 100 BB on one min chart with small div on the EMA indi, also at this time on the one hour chart price had just touched the 60 ma...

Moxie
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  • #2,649
  • Aug 30, 2010 2:50am Aug 30, 2010 2:50am
Hi Medici
Just wanted to pop in on a trading day off (well morning at least) for me. As others have mentioned here the CII works REALLY well for divergence. When it pops up on MTF's (I'm using mainly 1hr + down) entries on good candles have been very good.

Once again thanks so much for posting this, nice one.
  • #2,650
  • Aug 30, 2010 4:52am Aug 30, 2010 4:52am
Quoting Islander
LOL - ever since I found a large billy-goat - and mon his cojones were LARGE! - standing on his hind legs on the bonnet / hood of my my hire car - this was in Antigua, and the owner was a friend - eating berries off the tree that I was using for shade, I've been of the opinion that the only good goat is a curried one

I did start to try to remove him, but quickly decided that retreat to a cold Carib made more sense than loosing out in the cojones battle to his nasty horns http://cdn.forexfactory.com/images/icons/icon11.gif
Haha what a story!

Very jealous you have seen antingua!

Not so much about your near duel with a goat
  • #2,651
  • Aug 30, 2010 5:00am Aug 30, 2010 5:00am
Quoting Moxie
Saw this one seting up but did not have the courage to pull the triger so I took a screen shot instead, Price out side 100 BB on one min chart with small div on the EMA indi, also at this time on the one hour chart price had just touched the 60 ma...

Moxie
What feed are you using Moxie, looks urgly, some dude told me most brokers have issues with displaying all the ticks or some crap

Here's what I see, I actually like m1 a lot because it seems simpler to me.. for instance here we saw the run-up consolidate, at a decent m15 SR level, formed a big bearish engulfing, sign of weakness, lower high, another bearish engulfing, you can take as the most conservative entry.. or get in if you can sense the LH forming, so within that last engulfing candle
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  • #2,652
  • Aug 30, 2010 5:23am Aug 30, 2010 5:23am
HI Sim, Nice looking chart for sure and a beatifull trade, and more important to me is the detailed explanation as to why you took the trade..

I use an MT4 demo account for the charts, But I take my trades using a spread beting firm. They have a chart package but I find the MT4 easier to get around..

Moxie
  • #2,653
  • Aug 30, 2010 5:52am Aug 30, 2010 5:52am
Yep, get an IBFX or forex.com mt4 demo, they have better m1 feeds
  • #2,654
  • Aug 30, 2010 6:35am Aug 30, 2010 6:35am
Entered this trade few mins ago.. div on this one min chart + Price out side bands + divergance on my 5 min C1 chart + price bounce of 15 min down ward channel.

Thanks sim.. Ill be sure to look into that.
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  • #2,655
  • Aug 30, 2010 7:08am Aug 30, 2010 7:08am
Quoting Moxie
Entered this trade few mins ago.. div on this one min chart + Price out side bands + divergance on my 5 min C1 chart + price bounce of 15 min down ward channel.

Thanks sim.. Ill be sure to look into that.
Hi Moxie,

just popping in on this sunny Carnival day to say...compliments on beautiful entry!
  • #2,656
  • Aug 30, 2010 7:28am Aug 30, 2010 7:28am
Strong div, outside BBs, 127 and 138 extensions were respected quite nicely IMO, plus bankhol so I don't see any break of the h1 highs as very realistic.. Not the best entry, break of TL was most conservative

Also attached is how I'm managing the trade, because I suck at holding trades so please critique me if you want
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  • #2,657
  • Aug 30, 2010 8:18am Aug 30, 2010 8:18am
Quoting Sim
Strong div, outside BBs, 127 and 138 extensions were respected quite nicely IMO, plus bankhol so I don't see any break of the h1 highs as very realistic.. Not the best entry, break of TL was most conservative

Also attached is how I'm managing the trade, because I suck at holding trades so please critique me if you want
Nice charts. M5? Cable? The weekend with the goat must have been good...
  • #2,658
  • Aug 30, 2010 8:22am Aug 30, 2010 8:22am
Quoting Vantage
Hi Medici
Just wanted to pop in on a trading day off (well morning at least) for me. As others have mentioned here the CII works REALLY well for divergence. When it pops up on MTF's (I'm using mainly 1hr + down) entries on good candles have been very good.

Once again thanks so much for posting this, nice one.
You're welcome. Thanks for sharing. Still coming to terms with its unreasonable effectiveness myself. It's almost like it's leading indicator, and I thought all indicators were lagging.....
  • #2,659
  • Aug 30, 2010 8:50am Aug 30, 2010 8:50am
Nice entry Sim, but I have a question, I saw divergence a little after where you highlighted

So I thought the market was going to come back up, obviously I read the chart incorrectly, did you stay in the trade or did you exit for a quick scalp?
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  • #2,660
  • Aug 30, 2010 8:57am Aug 30, 2010 8:57am
Quote
So I thought the market was going to come back up, obviously I read the chart incorrectly,

Check below, pics from babypips.com, that was bearish div
http://www.babypips.com/school/image...gence-blue.png

http://www.babypips.com/school/image...gence-blue.png

Quote
did you stay in the trade or did you exit for a quick scalp?

took 50 good sir, thought it would bounce some from the low it was retesting
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