Islander and Medici trade the European open | Page 170 | Forex Factory

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Islander and Medici trade the European open

  • #3,381
  • Nov 28, 2011 3:21am Nov 28, 2011 3:21am
Quoting Islander
the high so far is in an ultra high vol semi shooting star, just above Fridays high and under the MR 2 level of 3364, so IMO sellers / profit takers coming in.....what do you see?

Edit: now closed on 1m LH.....
If I'm not mistaken, the Belgian bond auction is underway, and quite some nervousness....so wait and see...
  • #3,382
  • Nov 28, 2011 3:41am Nov 28, 2011 3:41am
Quoting medici
If I'm not mistaken, the Belgian bond auction is underway, and quite some nervousness....so wait and see...
You're right....

Belgian auction results due around 10:10 GMT

Written by Gerry Davies
November 28, 2011 at 09:39 GMT
Trading Levels with WRBs
  • #3,383
  • Nov 28, 2011 3:49am Nov 28, 2011 3:49am
Quoting Islander
You're right....

Belgian auction results due around 10:10 GMT

Written by Gerry Davies
November 28, 2011 at 09:39 GMT
You heard it here first

And tomorrow Italy will try to sell €7B worth of bonds...that'll be interesting...
Attached Image (click to enlarge)
Click to Enlarge Name: Bond Issuance.jpg Size: 242 KB
  • #3,384
  • Nov 28, 2011 4:00am Nov 28, 2011 4:00am
Quoting medici
You heard it here first

And tomorrow Italy will try to sell €7B worth of bonds...that'll be interesting...

Yep - I do have the list from PipTrapper's thread, but I hadn't updated it, so this one was missing....
Trading Levels with WRBs
  • #3,385
  • Nov 28, 2011 5:41am Nov 28, 2011 5:41am
Quoting medici
If I'm not mistaken, the Belgian bond auction is underway, and quite some nervousness....so wait and see...
results finallly out.....not too bad



Belgian auction results

Written by Gerry Davies
November 28, 2011 at 11:17 GMT

  1. Sells 165 mln March 2018 OLO at 5.462% av yield
  2. Bid to cover ratio 5.89
  3. Sells 450 mln Sept 2021 OLO at 5.659% av yield
  4. Bid to cover ratio 2.59
  5. Sells 530 mln March 2035 OLO at 5.774% av yield
  6. Bid to cover ratio 1.58
  7. Sells 860 mln March 2041 OLO at 5.784% av yield
  8. Bid to cover ratio 1.44

That’s a total of 2.005 bln, at the top end of the 1-2 bln target range.

Trading Levels with WRBs
  • #3,386
  • Nov 29, 2011 3:02am Nov 29, 2011 3:02am
GM - €'s in a narrow range - I guess waiting for this news:

Got Italian and Belgian bond auctions taking place today, results due at 10:10 GMT and 10:45 GMT respectively.

Cable's been a little easier to trade with a nice bounce up off its 5500 level.....
Trading Levels with WRBs
  • #3,387
  • Nov 30, 2011 2:51am Nov 30, 2011 2:51am
GM - a nice sell off in Euro and Cable as the dollar moved up just before FO.

Now waiting to see which way this ~90 min x 30 pip range breaks.....yesterdays low is currently resistance at 3285 and the S1 area ~ 3254 is support.....
Trading Levels with WRBs
  • #3,388
  • Nov 30, 2011 7:32am Nov 30, 2011 7:32am
So how did you like that, boys and girls? How many sigmas would that little move be from the mean? Unreal.
  • #3,389
  • Dec 1, 2011 12:51am Dec 1, 2011 12:51am
Quoting Auron112
So how did you like that, boys and girls? How many sigmas would that little move be from the mean? Unreal.
Hello old friend, I know you did well yesterday, so perhaps I lie-in today?

Yesterday afternoon looked like fun, but I was in the gym

But I put on this short at 1.0236 with target at the pivot, so hopefully 50 to start off the day.
Attached Image (click to enlarge)
Click to Enlarge Name: au short 1 dec.jpg Size: 126 KB
  • #3,390
  • Dec 1, 2011 1:08am Dec 1, 2011 1:08am
Quoting medici
But I put on this short at 1.0236 with target at the pivot, so hopefully 50 to start off the day.
Closed for 34 when 1.02 held.
  • #3,391
  • Dec 1, 2011 1:29am Dec 1, 2011 1:29am
Just in case you're wondering what those MAs are - they are T3 moving averages. They were developed by Tim Tillson. See attached pdf.

And I am also using a T3 MACD for divergence and reversals.

The two MAs are of period 9 and 20. To develop a system based on them, I have taken inspiration from Christian's (a k a ForexCube) thread:

http://www.forexfactory.com/showthread.php?t=199087

The pretty impressive trading records on that thread are quite achievable. Try it for yourself!
Attached File(s)
File Type: pdf 005SMO.pdf   463 KB | 4,466 downloads
File Type: mq4 T3 MA9 Colour.mq4   4 KB | 324 downloads
File Type: mq4 T3 MA20 Colour.mq4   4 KB | 365 downloads
  • #3,392
  • Dec 1, 2011 1:35am Dec 1, 2011 1:35am
And if, on days like today, you find the Euro choppy, one can always use the T3MA 9/20 rules on a 10 second chart.

Here's the action since 7am.

But beware - this is a world of nimbleness and tight stops.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10sec 1 dec.jpg Size: 117 KB
  • #3,393
  • Dec 1, 2011 2:03am Dec 1, 2011 2:03am
Quoting medici
And if, on days like today, you find the Euro choppy, one can always use the T3MA 9/20 rules on a 10 second chart.

Here's the action since 7am.

But beware - this is a world of nimbleness and tight stops.
Nothing like riding the razorblade slide of Forex using your balls as brakes!!!.

What's next - Rangebars and T3's ??
  • #3,394
  • Dec 1, 2011 2:06am Dec 1, 2011 2:06am
Quoting Dr.Scalpall
Nothing like riding the razorblade slide of Forex using your balls as brakes!!!.

What's next - Rangebars and T3's ??
Well, if you put the 10s next to the M1 chart it serves to decipher the chop...

RBs and T3's has already happened
  • #3,395
  • Dec 1, 2011 3:14am Dec 1, 2011 3:14am
Quoting medici
And if, on days like today, you find the Euro choppy, one can always use the T3MA 9/20 rules on a 10 second chart.

But beware - this is a world of nimbleness and tight stops.
Or instead of dealing with EU chop, you could just trade AU and GU...

ForexCube's methods are always of interest, even if they tend to scare the crap out of me. When I start thinking about scalping the 10s and the cost of spreads with that, well, let's just say you've gotta be good at what you do. Maybe one day when I'm starving for excitement. After all, it wasn't so long ago that I was a H1+ guy. Who's to say that I should stop at M1?
  • #3,396
  • Dec 1, 2011 3:19am Dec 1, 2011 3:19am
Quoting Auron112
Or instead of dealing with EU chop, you could just trade AU and GU...
Indeed, that's what I did. Aussie was good for 100+ pips before the slide stopped

Quote

ForexCube's methods are always of interest, even if they tend to scare the crap out of me. When I start thinking about scalping the 10s and the cost of spreads with that, well, let's just say you've gotta be good at what you do. Maybe one day when I'm starving for excitement. After all, it wasn't so long ago that I was a H1+ guy. Who's to say that I should stop at M1?

Agreed. But the point of this strategy of Christian's is the MTF part. So I wouldn't use 10s on its own. Take a look at the attached pic for an example.
Attached Image (click to enlarge)
Click to Enlarge Name: 10s mtf 1 dec.jpg Size: 147 KB
  • #3,397
  • Dec 1, 2011 3:43am Dec 1, 2011 3:43am
Quoting medici
Indeed, that's what I did. Aussie was good for 100+ pips before the slide stopped
I went for GU as my pair of choice but you've got me beat today. I had a slow start, only getting to the computer at FO and not getting my head right until after LO.

So I missed the two early trades but then did manage the excellent resistance/DP short which I took to 38 and immediately reversed (level from yesterday) into a long. I bailed a bit earlier than my original 5695 target which is a shame but still a nice 60 pips in the bag overall. Should have been sitting with 100+ like you. Nice to see the morning swings are back so here's hoping they stay for more than a couple days.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-01_0133.jpg Size: 115 KB
  • #3,398
  • Dec 1, 2011 3:55am Dec 1, 2011 3:55am
Quoting Auron112
I went for GU as my pair of choice but you've got me beat today. I had a slow start, only getting to the computer at FO and not getting my head right until after LO.

So I missed the two early trades but then did manage the excellent resistance/DP short which I took to 38 and immediately reversed (level from yesterday) into a long. I bailed a bit earlier than my original 5695 target which is a shame but still a nice 60 pips in the bag overall. Should have been sitting with 100+ like you. Nice to see the morning swings are back so here's hoping...
Nice level play!

The Aussie was just a matter of riding the M5 trend down, using M1 as entry and exiting well.

Looking at the M30, there should be another leg down before possible continuation up, so I took a short at 1.0216. Stop at BE. We'll see how far it goes, if at all.
Attached Image (click to enlarge)
Click to Enlarge Name: au 10am 1 dec.jpg Size: 134 KB
  • #3,399
  • Dec 1, 2011 4:13am Dec 1, 2011 4:13am
Nice trading guys, I'm flat out over here so will be back when things kick off again next year!
Have a good break ya'll.
  • #3,400
  • Dec 1, 2011 4:17am Dec 1, 2011 4:17am
Quoting medici
Nice level play!

Looking at the M30, there should be another leg down before possible continuation up, so I took a short at 1.0216. Stop at BE. We'll see how far it goes, if at all.
Apparently from a slightly higher level. Let's try 1.0236 instead...
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