Islander and Medici trade the European open | Page 166 | Forex Factory

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Islander and Medici trade the European open

  • #3,301
  • Nov 17, 2011 1:30am Nov 17, 2011 1:30am
Quoting Islander
Resistance ~Nov 9 lows and a 15m marubozo, that later became a harami, alerted me to a possible turn and the a doji on my RB chart confirmed it for me, so I sold as MR 1 held in a LH......


I got some of it, my rules had me in from 35125 but I just blew a fuse in my room so missed that and got in at the figure.
  • #3,302
  • Nov 17, 2011 1:31am Nov 17, 2011 1:31am
Quoting Islander
Resistance ~Nov 9 lows and a 15m marubozo, that later became a harami, alerted me to a possible turn and the a doji on my RB chart confirmed it for me, so I sold as MR 1 held in a LH......
The DP / 38% confluence ~3481 held and I banked some nice FH pips http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #3,303
  • Nov 17, 2011 1:32am Nov 17, 2011 1:32am
Quoting nhen


I got some of it, my rules had me in from 35125 but I just blew a fuse in my room so missed that and got in at the figure.
Nice entry
Trading Levels with WRBs
  • #3,304
  • Nov 17, 2011 1:39am Nov 17, 2011 1:39am
Quoting Islander
The DP / 38% confluence ~3481 held and I banked some nice FH pips http://www.forexfactory.com/images/icons/icon6.gif
Very nice, I missed that but I've just bought the 1 min hl off the daily pivot/last week's low/38.2 retrace, also the rising 200EMA on my 5 min chart.
Follow, don't anticipate.
  • #3,305
  • Nov 17, 2011 1:41am Nov 17, 2011 1:41am
Quoting Islander
Nice entry
That's where my order was but when fuse blew I closed pendings to go check the fuse box, so actually got in 12 later
I am trying to primarily enter on pullbacks, it's how I used to do things but recently I have not been. Pullbacks I find are less stressful for me.

ECB doing some buying today? Any truth to that?
  • #3,306
  • Nov 17, 2011 1:46am Nov 17, 2011 1:46am
Quoting Ian
Very nice, I missed that but I've just bought the 1 min hl off the daily pivot/last week's low/38.2 retrace, also the rising 200EMA on my 5 min chart.
Small loss on that one... waiting for the next setup.
Follow, don't anticipate.
  • #3,307
  • Nov 17, 2011 1:50am Nov 17, 2011 1:50am
@ Ian - hope you banked when it hit the 00 area......the RB doji / 1m harami confirmed a sell for me....now I'm looking at the 50% @ 3470 or 61% 3458 which was yesterday afternoon's low....lets see what LO brings....
Trading Levels with WRBs
  • #3,308
  • Nov 17, 2011 1:56am Nov 17, 2011 1:56am
Quoting Islander
@ Ian - hope you banked when it hit the 00 area......the RB doji / 1m harami confirmed a sell for me....now I'm looking at the 50% @ 3470 or 61% 3458 which was yesterday afternoon's low....lets see what LO brings....

I clucked when the 50% held....clear +ve divergence on both RB and 1 min...
Trading Levels with WRBs
  • #3,309
  • Nov 17, 2011 2:09am Nov 17, 2011 2:09am
Quoting Islander
....now I'm looking at the 50% @ 3470 or 61% 3458 which was yesterday afternoon's low....lets see what LO brings....
I was watching those levels too and bought when 3470 held. 3600 here we come? TWT
  • #3,310
  • Nov 17, 2011 2:13am Nov 17, 2011 2:13am
Quoting medici
I was watching those levels too and bought when 3470 held. 3600 here we come? TWT
Nicely done, missed it.
  • #3,311
  • Nov 17, 2011 2:14am Nov 17, 2011 2:14am
Quoting medici
I was watching those levels too and bought when 3470 held. 3600 here we come? TWT
I was late on the buy - but still managed a few......
Attached Image (click to enlarge)
Click to Enlarge Name: nov 17 eur 1m lo.gif Size: 18 KB
Trading Levels with WRBs
  • #3,312
  • Nov 17, 2011 2:31am Nov 17, 2011 2:31am
Again the 00 area held, so another sell set up and so far the 50% area has held.....but maybe not for long....
Trading Levels with WRBs
  • #3,313
  • Nov 17, 2011 2:45am Nov 17, 2011 2:45am
Same trick again - bought when 3458 held. Out and waiting for LH.
Attached Image (click to enlarge)
Click to Enlarge Name: 3458 17 nov.PNG Size: 46 KB
  • #3,314
  • Nov 17, 2011 3:03am Nov 17, 2011 3:03am
Quoting medici
Same trick again - bought when 3458 held. Out and waiting for LH.
Agreed -watch the PA around levels.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov 17 eur rb 9am gmt.gif Size: 42 KB
Trading Levels with WRBs
  • #3,315
  • Nov 17, 2011 3:12am Nov 17, 2011 3:12am
Quoting Islander
Agreed -watch the PA around levels.....
WTG...and now 3470 held...reverse H&S
  • #3,316
  • Nov 17, 2011 3:52am Nov 17, 2011 3:52am
Here we go again - a serious bounce at a level. Will this triple bottom reverse up to 3600-3800 before the downward journey continues?
Attached Image (click to enlarge)
Click to Enlarge Name: 3437.PNG Size: 47 KB
  • #3,317
  • Nov 17, 2011 4:18am Nov 17, 2011 4:18am
Appreciate the charts guys
  • #3,318
  • Nov 17, 2011 6:44am Nov 17, 2011 6:44am
Quoting Islander
@ Ian - hope you banked when it hit the 00 area......the RB doji / 1m harami confirmed a sell for me....now I'm looking at the 50% @ 3470 or 61% 3458 which was yesterday afternoon's low....lets see what LO brings....
Thanks Islander, my buy was possibly a bit premature and I should have been happy with a small profit up near the RN. I tightened my stop but after the inside bar/harami I should have been at BE minimum.

I made up for a small loss and a bit more after I bought the retest of the low of the 15 min high volume hammer later. Entry at 3450 after the bounce off MS1. I also had an order in above the hammer which I left as the low of the hammer had held and which triggered eventually at 3469. When price looked reluctant to break the pivot I closed all positions at 3479, so +29 and +10 respectively.

Attached Image (click to enlarge)
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Follow, don't anticipate.
  • #3,319
  • Nov 17, 2011 1:16pm Nov 17, 2011 1:16pm
Islander/Medici,
Pretty much duplicated your trades you posted morning, purely off the celestial navigation of the range bars !!..

doc.
  • #3,320
  • Nov 17, 2011 1:22pm Nov 17, 2011 1:22pm
This afternoon's session was in a ~ 40 pip range for almost 4 hours, providing some excellent range trading entries off both RBs and the normal chart.

R1 was the sell area and I held my last short expecting the Daily Pivot to get hit - my patience was finally rewarded when the 00 area support was finally broken - I opened an excellent bottle of Viņa Pomal Reserva as my just reward...
Attached Image (click to enlarge)
Click to Enlarge Name: nov 17 eur rb 1733 gmt.gif Size: 23 KB
Trading Levels with WRBs
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