Islander and Medici trade the European open | Page 183 | Forex Factory

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Islander and Medici trade the European open

  • #3,641
  • Feb 24, 2012 10:59am Feb 24, 2012 10:59am
Been out most of the day so missed these, but nice and simple if you stay with the trend.

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Follow, don't anticipate.
  • #3,642
  • Feb 27, 2012 2:14am Feb 27, 2012 2:14am
GM all - here's the first trade of the week. Seems to be going well so far.

EDIT - closed at the 3438 level.
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  • #3,643
  • Feb 27, 2012 2:23am Feb 27, 2012 2:23am
Quoting medici
GM all - here's the first trade of the week. Seems to be going well so far.

EDIT - closed at the 3438 level.
Morning mate I grabbed a quick long at FO, still in short from 3450. May close here. Really I want the Daily S1 but see if gets there or more.
  • #3,644
  • Feb 27, 2012 2:25am Feb 27, 2012 2:25am
Closed at 3431.
  • #3,645
  • Feb 27, 2012 2:29am Feb 27, 2012 2:29am
Quoting nhen
Morning mate I grabbed a quick long at FO, still in short from 3450. May close here. Really I want the Daily S1 but see if gets there or more.
Well done These days FO is breakfast time, and I tend to get started after 7.30. Gone are the days when I was finished with breakfast at 6am
  • #3,646
  • Feb 27, 2012 2:30am Feb 27, 2012 2:30am
RB just means entered because of an RB close.

I'm trying to work on holding trades for longer.. after going for 12 pip moves for awhile now finding it tricky
Attached Image (click to enlarge)
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  • #3,647
  • Feb 27, 2012 2:31am Feb 27, 2012 2:31am
Quoting medici
Well done These days FO is breakfast time, and I tend to get started after 7.30. Gone are the days when I was finished with breakfast at 6am
Cheers, looks like it's gonna keep dropping? Dang it

I'm in Australia, so FO is 6pm my time, in summer at least.. Sitting here with dinner.
  • #3,648
  • Feb 27, 2012 2:33am Feb 27, 2012 2:33am
Quoting nhen

I'm trying to work on holding trades for longer.. after going for 12 pip moves for awhile now finding it tricky
Makes two of us...my rule would be to hold until the fast MA turns. Had I followed that, I would still be in now at 3422...
  • #3,649
  • Feb 27, 2012 2:40am Feb 27, 2012 2:40am
Quoting medici
Makes two of us...my rule would be to hold until the fast MA turns. Had I followed that, I would still be in now at 3422...
The fast MA on the 5M?

Holding through pullbacks will take some getting used to for me, especially in cases when the pullbacks are the size of a normal trade for me - 12.

I kind of envy your timezone, being able to trade in the mornings and then get on with your day. The evenings can be full of distractions!
  • #3,650
  • Feb 27, 2012 2:47am Feb 27, 2012 2:47am
Quoting nhen
The fast MA on the 5M?
T3MA8 on RB5.

Quote
I kind of envy your timezone, being able to trade in the mornings and then get on with your day. The evenings can be full of distractions!

Tough choice...too early out of bed, or late for the party But, yes, being done trading when most people have just started their day in the office is nice
  • #3,651
  • Feb 27, 2012 2:59am Feb 27, 2012 2:59am
Quoting medici
T3MA8 on RB5.



Tough choice...too early out of bed, or late for the party But, yes, being done trading when most people have just started their day in the office is nice


Indeed! Once I get to the full-time point with this I may pack up shop and move countries for awhile. I hear the tax scheme in Switzerland is good
  • #3,652
  • Feb 27, 2012 3:02am Feb 27, 2012 3:02am
Stopped for -6 trying to short at 3425
  • #3,653
  • Feb 27, 2012 3:06am Feb 27, 2012 3:06am
In a short from 34375, looking for 3425, if comes back up stop at BE.
  • #3,654
  • Feb 27, 2012 3:14am Feb 27, 2012 3:14am
Quoting nhen
In a short from 34375, looking for 3425, if comes back up stop at BE.
Covered for 13 - yes I'm too much of a wuss to keep holding it
  • #3,655
  • Feb 27, 2012 3:15am Feb 27, 2012 3:15am
Quoting nhen
In a short from 34375, looking for 3425, if comes back up stop at BE.
What was your reason for entry?
  • #3,656
  • Feb 27, 2012 3:16am Feb 27, 2012 3:16am
Quoting nhen
Covered for 13 - yes I'm too much of a wuss to keep holding it
In this case as much as could be hoped for, methinks. The MAs are flat, so consolidation or reversal not unlikely.
  • #3,657
  • Feb 27, 2012 3:22am Feb 27, 2012 3:22am
Quoting medici
What was your reason for entry?
Part of my rules or guidelines for trading the levels mentioned last week.
I believe price moves between the quarters and the mid points between them. We had a run down after LO, my next valid entry after covering short from LO was once price had hit 1.34185 after breaking through 3425. That didn't play out and price pulled back further, out of -6.
My next entry short was at 34375 as I believed price would continue short for at least 12 after the pullback.

Next I'm looking for price to make it past recent low at 34165 before looking for another entry - for shorts, longs another story.
  • #3,658
  • Feb 27, 2012 3:25am Feb 27, 2012 3:25am
Quoting nhen
Part of my rules or guidelines for trading the levels mentioned last week.
I believe price moves between the quarters and the mid points between them. We had a run down after LO, my next valid entry after covering short from LO was once price had hit 1.34185 after breaking through 3425. That didn't play out and price pulled back further, out of -6.
My next entry short was at 34375 as I believed price would continue short for at least 12 after the pullback.

Next I'm looking for price to make it past recent low at 34165 before looking for another...
Thanks, so level based. That makes sense.

Seems like the downside has had its time, so looking for longs.
  • #3,659
  • Feb 27, 2012 3:25am Feb 27, 2012 3:25am
Quoting medici
In this case as much as could be hoped for, methinks. The MAs are flat, so consolidation or reversal not unlikely.
  • #3,660
  • Feb 27, 2012 3:27am Feb 27, 2012 3:27am
Quoting medici
Thanks, so level based.
Seems I could have saved you the lengthy answer with your quoted text
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