Islander and Medici trade the European open | Page 159 | Forex Factory

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Islander and Medici trade the European open

  • #3,161
  • Nov 4, 2011 12:19am Nov 4, 2011 12:19am
Nice pips for the early birds ......and any follower of this methodology should have had a ball yesterday in the US session.....
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Trading Levels with WRBs
  • #3,162
  • Nov 4, 2011 2:32am Nov 4, 2011 2:32am
Quoting Islander
Nice pips for the early birds ......and any follower of this methodology should have had a ball yesterday in the US session.....
This is a very tidy method, I keep getting out too early though.. Used to scalping and grabbing 12 pip moves. Today was fairly simple, pretty much Asia high and low.
Still some refining to do for me but kudos to you Islander
  • #3,163
  • Nov 7, 2011 12:10am Nov 7, 2011 12:10am
Just following the signals.....
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Trading Levels with WRBs
  • #3,164
  • Nov 7, 2011 12:17am Nov 7, 2011 12:17am
Quoting Islander
Just following the signals.....
Very nice as usual.. I am so bad at picking exits, got some of that move down but covered too early again. I am looking at 1H and 4H for bigger levels, I saw 3732ish and Friday's low but was expecting a swing back during Frankie.

Had a long at 3725 on the way back up and covered at 37375.
  • #3,165
  • Nov 7, 2011 12:49am Nov 7, 2011 12:49am
Quoting nhen
Very nice as usual.. I am so bad at picking exits, got some of that move down but covered too early again. I am looking at 1H and 4H for bigger levels, I saw 3732ish and Friday's low but was expecting a swing back during Frankie.

Had a long at 3725 on the way back up and covered at 37375.
IMO more pips are won - or lost - in the actual management of the open trade than in finding a good entry system.

I only look at my 60m chart at the start of my trading day, but I have my 15m chart always open and updated with S&R levels etc and I also have a 5m chart open.

The more you practice with real money - even micro lots - the better you will become at banking larger ammounts out of each move......
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Trading Levels with WRBs
  • #3,166
  • Nov 7, 2011 3:05am Nov 7, 2011 3:05am
Quoting Islander
IMO more pips are won - or lost - in the actual management of the open trade than in finding a good entry system.

I only look at my 60m chart at the start of my trading day, but I have my 15m chart always open and updated with S&R levels etc and I also have a 5m chart open.

The more you practice with real money - even micro lots - the better you will become at banking larger ammounts out of each move......
Cheers for that, that's what I'm doing at the moment, small lots until I am where I need to be then move up.

I am so used to taking profit every 12 pips that it's an adjustment to hold trades and figure out the best place to TP. Still much to polish here!
  • #3,167
  • Nov 7, 2011 3:27am Nov 7, 2011 3:27am
Quoting Islander
Just following the signals.....

  • #3,168
  • Nov 7, 2011 5:24am Nov 7, 2011 5:24am
Islander,
Very nice thread,
TY.
Here's a s/r indicator that doesn't clutter up a chart.
http://www.forexfactory.com/attachme...2&d=1320244207
  • #3,169
  • Edited 12:50am Nov 8, 2011 12:49am | Edited 12:50am
Two wins, one loss this morning.

After the rejection of the pivot took the lower high below the MP entry at 3747 out for +7 when the Asian low held.

Next entry was premature as the ma was only just turning up and the signal bar was weak and I paid the price. Entry at 3744 out for -13.

After the rejection of MS1 I went long just above the MP at 3751 and held through the first consolidation as we had had a strong 15 min close.

Out when price couldn't break through the day's open/Asian high/POC combo for +21.

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Follow, don't anticipate.
  • #3,170
  • Nov 8, 2011 1:39am Nov 8, 2011 1:39am
Quoting Ian
Two wins, one loss this morning.

After the rejection of the pivot took the lower high below the MP entry at 3747 out for +7 when the Asian low held.

Next entry was premature as the ma was only just turning up and the signal bar was weak and I paid the price. Entry at 3744 out for -13.

After the rejection of MS1 I went long just above the MP at 3751 and held through the first consolidation as we had had a strong 15 min close.

Out when price couldn't break through the day's open/Asian high/POC combo for +21.

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  • #3,171
  • Edited 8:20am Nov 8, 2011 6:51am | Edited 8:20am
I didn't take them but noticed some nice pips available at NY Open.

2B with sell div off MR1/RN combo went down to day's open/200ema level. There was encouragement on higher time-frames too with an m5 evening star pattern and an m15 shooting star.

At daily open level there was another 2B (candles not quite so good) with buy divergence to head north back the to RN and beyond.

Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #3,172
  • Nov 8, 2011 9:10pm Nov 8, 2011 9:10pm
Quoting AlexC
Islander,
Very nice thread,
TY.
Here's a s/r indicator that doesn't clutter up a chart.
http://www.forexfactory.com/attachme...2&d=1320244207

were did u get that indicator..???? its a BEAUTY..
  • #3,173
  • Nov 8, 2011 11:30pm Nov 8, 2011 11:30pm
Ugly PA here..
  • #3,174
  • Nov 8, 2011 11:37pm Nov 8, 2011 11:37pm
Quoting nhen
Ugly PA here..
Agreed, just got stopped out of a long off pivot/3800 level.
Follow, don't anticipate.
  • #3,175
  • Nov 8, 2011 11:44pm Nov 8, 2011 11:44pm
Quoting Ian
Agreed, just got stopped out of a long off pivot/3800 level.
Got caught there too, also got caught on a short, only small stops - 6 pips each.
Got the run down from the weekly pivot but only got about 13.
Then was in on the little push down from 3793 but it's come back up!

I think I need to go back to pullback entries at my levels only, otherwise I feel like I'm chasing.
Using MA etc for extra clues.
  • #3,176
  • Nov 9, 2011 12:21am Nov 9, 2011 12:21am
Not easy this morning as just using my normal MA is giving false buys, so need to watch a slower MA as a filter.....the slower MA is still heading south......but slowing as price holds around the confluence of the 61% fib, **75 SS and todays MS 1 level, so a better possibility of a bounce.....TWT

The next support is clustered around todays S1 at 3757....
Trading Levels with WRBs
  • #3,177
  • Nov 9, 2011 12:39am Nov 9, 2011 12:39am
Quoting Islander
Not easy this morning as just using my normal MA is giving false buys, so need to watch a slower MA as a filter.....the slower MA is still heading south......but slowing as price holds around the confluence of the 61% fib, **75 SS and todays MS 1 level, so a better possibility of a bounce.....TWT

The next support is clustered around todays S1 at 3757....
I am out for the day.

Not nice PA.

I hate tall bars.

  • #3,178
  • Nov 9, 2011 12:43am Nov 9, 2011 12:43am
Quoting Islander
Not easy this morning as just using my normal MA is giving false buys, so need to watch a slower MA as a filter.....the slower MA is still heading south......but slowing as price holds around the confluence of the 61% fib, **75 SS and todays MS 1 level, so a better possibility of a bounce.....TWT

The next support is clustered around todays S1 at 3757....
PA looking a bit more encouraging for a long on higher tf now, lower wicks on m5 and m15... just taken a long at 3795.
Follow, don't anticipate.
  • #3,179
  • Nov 9, 2011 12:58am Nov 9, 2011 12:58am
Quoting Islander
Not easy this morning as just using my normal MA is giving false buys
Yep chopped to death!


Quoting Ian
PA looking a bit more encouraging for a long on higher tf now, lower wicks on m5 and m15... just taken a long at 3795.
I'm long here too but I am wary of resistance on 15M, might cop it here.
  • #3,180
  • Nov 9, 2011 1:02am Nov 9, 2011 1:02am
....food for thought....
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