Islander and Medici trade the European open | Page 158 | Forex Factory

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Islander and Medici trade the European open

  • #3,141
  • Oct 31, 2011 3:20am Oct 31, 2011 3:20am
Quoting Ian
EU 1min

Missed the earlier moves, closed these for +15 and +20.

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That's where I should have been on that turn but had my eyes closed
Got the short on the way back down.
  • #3,142
  • Oct 31, 2011 3:24am Oct 31, 2011 3:24am
Well, since there's a bit of activity in here I'll post a chart too.

Trade 1 taken before the target zone but after exhaustive push out of slow PA and then momentum shift. Exit as momentum shifts again. Entry 2 off FO fake with some divergence (you don't need an indi to see it, I'm just trying out EMAAngleZero again) and getting in with momentum. Exhaustive burst into level without follow-through so quick exit at 4000. Next potential trade with the arrow is a shift of momentum on the double bottom / 4000 with divergence and a perfect mid-FH reversal. I just missed it but got in on the next HL. Waited a bit to see if 50 would break, when it didn't and pushed down in a strong candle I bailed. Then missed the easy LO short even though we've seen the same thing TWICE today which put some more easy pips out there.

So +27, +29, +28 to start and could easily be a far bigger day if I was on the ball. Mondays....

Edit: Oh, and that nice bit of momentum that came in off 4000 prior to FO wasn't half bad either. Low risk for solid pips.
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  • #3,143
  • Oct 31, 2011 3:54am Oct 31, 2011 3:54am
Quoting Auron112
Well, since there's a bit of activity in here I'll post a chart too.

Trade 1 taken before the target zone but after exhaustive push out of slow PA and then momentum shift. Exit as momentum shifts again. Entry 2 off FO fake with some divergence (you don't need an indi to see it, I'm just trying out EMAAngleZero again) and getting in with momentum. Exhaustive burst into level without follow-through so quick exit at 4000. Next potential trade with the arrow is a shift of momentum on the double bottom / 4000 with divergence and a perfect mid-FH...
Nice trading
  • #3,144
  • Nov 1, 2011 3:22am Nov 1, 2011 3:22am
So the sell off continues with the next major support in the 1.3685 - 3650 area......

Nice pips already available......
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,145
  • Nov 1, 2011 3:37am Nov 1, 2011 3:37am
Quoting Islander
So the sell off continues with the next major support in the 1.3685 - 3650 area......

Nice pips already available......

and another clean entry.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,146
  • Nov 1, 2011 3:39am Nov 1, 2011 3:39am
Quoting Islander
So the sell off continues with the next major support in the 1.3685 - 3650 area......

Nice pips already available......
Can I ask.. On a day like today, where it's heavy short, you ignore any counter crosses around the opens?
  • #3,147
  • Edited 4:16am Nov 1, 2011 3:43am | Edited 4:16am
Quoting Islander
So the sell off continues with the next major support in the 1.3685 - 3650 area......

Nice pips already available......
Thought I was a bit late this morning but it turned out not so..

Price dropped through monthly pivot/earlier support area and then retraces to the ma, and bounces off the MP/3750 area to form a lower high. My sell stops were at 3743. All out when priced bounced off the 4 hour support area at 3684 for +55.

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Follow, don't anticipate.
  • #3,148
  • Nov 1, 2011 3:53am Nov 1, 2011 3:53am
Quoting nhen
Can I ask.. On a day like today, where it's heavy short, you ignore any counter crosses around the opens?
The Frankfurt Hour is well known for its reversals / chop, so IF you're going against the higher trend that's the best time - my posts here are just to high-light the easier trades....

FYI I'm now long off the higher low about 10 mins ago....but not looking for big pips!
Trading Levels with WRBs
  • #3,149
  • Nov 1, 2011 3:59am Nov 1, 2011 3:59am
Quoting Islander
The Frankfurt Hour is well known for its reversals / chop, so IF you're going against the higher trend that's the best time - my posts here are just to high-light the easier trades....

FYI I'm now long off the higher low about 10 mins ago....but not looking for big pips!
OK that covers it nicely, thanks mate.
  • #3,150
  • Nov 1, 2011 4:02am Nov 1, 2011 4:02am
Quoting Ian
Thought I was a bit late this morning but it turned out not so..

Price dropped through monthly pivot/earlier support area and then retraces,
bounce off MP/3750 to form a lower high. My sell stops were at 3743. All out when priced bounced off the 4 hour support area at 3684 for +55.

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Nice .....http://www.forexfactory.com/images/icons/icon6.gif

I banked a few on that long and I'm finished for the day.....
Trading Levels with WRBs
  • #3,151
  • Nov 1, 2011 5:25am Nov 1, 2011 5:25am
Price retraced to S1 and formed a 1 min lh. This was also a 61.8 pullback from the move down from the Frankfurt high. MA turned down again. Sold at 3728, out for an average +36 when price stalled again at earlier support area.

Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #3,152
  • Nov 1, 2011 5:33am Nov 1, 2011 5:33am
Nice trades guys .

  • #3,153
  • Nov 1, 2011 5:53am Nov 1, 2011 5:53am
Quoting Ian
Price retraced to S1 and formed a 1 min lh. This was also a 61.8 pullback from the move down from the Frankfurt high. MA turned down again. Sold at 3728, out for an average +36 when price stalled again at earlier support area.
Excellent trading Ian, on both entries. Precision entries and solid trade management for a very nice pip haul. Seems we're all taking pretty much the same setups today as the market provides some A+ opportunities.

Keep it up!
  • #3,154
  • Nov 2, 2011 3:40am Nov 2, 2011 3:40am
Islander I have another question..

Watching the MA cross live it seems to me that often when the cross happens and is pointing in the correct direction, price is at a point where it needs a pullback before continuing on. Or sometimes it is ready to turn in the other direction.
Looking at your charts you seem to be getting earlier entries than I am able to waiting for the cross and correct angle?

Sorry I don't have a chart for a visual.

Thanks mate
  • #3,155
  • Edited 4:54pm Nov 2, 2011 12:24pm | Edited 4:54pm
A bit late in the day.... but anyway...

Post FOMC trade.

Break of MP/W_m1/earlier support combo and retrace to test as resistance. Lower high entries at 3738/3735 as shown. Out for +20 when price failed to make a new low.



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Follow, don't anticipate.
  • #3,156
  • Nov 3, 2011 2:48am Nov 3, 2011 2:48am
Easy pips so far this morning.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,157
  • Nov 3, 2011 3:10am Nov 3, 2011 3:10am
Quoting Islander
Easy pips so far this morning.....

and the Higher Low into the London Open was another winner.....
Trading Levels with WRBs
  • #3,158
  • Nov 3, 2011 3:25am Nov 3, 2011 3:25am
Quoting Islander
and the Higher Low into the London Open was another winner.....


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: eu_20111103-m1-oanda.gif Size: 41 KB
Follow, don't anticipate.
  • #3,159
  • Nov 3, 2011 3:52am Nov 3, 2011 3:52am
Quoting Islander
and the Higher Low into the London Open was another winner.....

Really great system if you know what you are looking for.

Thanks for KISS mate.

  • #3,160
  • Nov 3, 2011 4:27am Nov 3, 2011 4:27am
Quoting matlobien
Really great system if you know what you are looking for.

Thanks for KISS mate.

You're welcome......"may the pips be with you"
Trading Levels with WRBs
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