Islander and Medici trade the European open | Page 204 | Forex Factory

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Islander and Medici trade the European open

  • #4,061
  • Apr 4, 2012 3:05am Apr 4, 2012 3:05am
Hi, guys, could you tell me at which step I could sell the forex for the other currencies? Many thanks.
  • #4,062
  • Apr 4, 2012 3:13am Apr 4, 2012 3:13am
Quoting doraforex
Hi, guys, could you tell me at which step I could sell the forex for the other currencies? Many thanks.
Step One: Sell the forex for the other currencies

Step Two: ???

Step Three: Profit!


Sorry, I'm not sure what you are asking here. Can you clarify?
  • #4,063
  • Apr 4, 2012 3:16am Apr 4, 2012 3:16am
Quoting doraforex
Hi, guys, could you tell me at which step I could sell the forex for the other currencies? Many thanks.
Hi, it sounds like you should ask your question in the rookie section rather than here. This thread is not for beginner traders - unless you're making an honest attempt at trading the methods discussed here. And, no, detailed instruction in those is not provided.
  • #4,064
  • Apr 4, 2012 3:18am Apr 4, 2012 3:18am
HL off support 3180, out for +12 when price couldn't push up to RN.

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Follow, don't anticipate.
  • #4,065
  • Apr 4, 2012 3:19am Apr 4, 2012 3:19am
That made me laugh out loud - I'm sorry (dora that is)

Meanwhile.. Good to see tick charts happening!

I ran an MT4 EA for awhile to produce tick data but it peeved me off eventually having no historical data. I use FXCMs Strategy Trader now as they provide free tick data with a lot of history.
It's a bit clunky - but I like it because I can zoom out so far. If you don't need that they have another platform which is less clunky that provides customisable time frames also.
  • #4,066
  • Apr 4, 2012 3:26am Apr 4, 2012 3:26am
Quoting nhen
That made me laugh out loud - I'm sorry (dora that is)

You and me both.

Thanks for the heads up on FXCM Strategy Tester. I will look into that. Since I'm not really trading levels in the tick data like you are it's not as important to me to have a chart that is built up when I start my day, but it would still be helpful if using MAs rather than waiting for them to sort themselves out.
  • #4,067
  • Apr 4, 2012 3:29am Apr 4, 2012 3:29am
Quoting Ian
HL off support 3180, out for +12 when price couldn't push up to RN.

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Attachment

Woah, Ian, looks like you're feeling pretty aggressive this morning! I like it!

I caught the same move up with almost identical entry but my exit was where you shorted. I wasn't quick enough to go through my cool-down and catch it myself. Shame, was a nice 15-20 in no time at all. Good start to the day for ya, mate.
  • #4,068
  • Apr 4, 2012 3:29am Apr 4, 2012 3:29am
Quoting Ian
HL off support 3180, out for +12 when price couldn't push up to RN.

Attachment

Attachment
Wtg, Ian I took the same trade and am consistently taking counter-trend trades this morning (such as the attached). Can't help thinking (yes, I know...) that there is better potential in a retracement of yesterday's move than in a continuation down. May have to wait though...
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  • #4,069
  • Apr 4, 2012 3:39am Apr 4, 2012 3:39am
Quoting Auron112
Woah, Ian, looks like you're feeling pretty aggressive this morning! I like it!

I caught the same move up with almost identical entry but my exit was where you shorted. I wasn't quick enough to go through my cool-down and catch it myself. Shame, was a nice 15-20 in no time at all. Good start to the day for ya, mate.
That wasn't a short, closing out second half of long position. I'm not that awake this morning yet..
Follow, don't anticipate.
  • #4,070
  • Apr 4, 2012 3:42am Apr 4, 2012 3:42am
Quoting medici
Wtg, Ian I took the same trade and am consistently taking counter-trend trades this morning (such as the attached). Can't help thinking (yes, I know...) that there is better potential in a retracement of yesterday's move than in a continuation down. May have to wait though...
Nice, I missed that one off the 78 level.
Follow, don't anticipate.
  • #4,071
  • Apr 4, 2012 3:46am Apr 4, 2012 3:46am
Quoting Ian
That wasn't a short, closing out second half of long position. I'm not that awake this morning yet..
You're not supposed to tell me that. You're supposed to rub it in my face and tell me about all the awesome stuff you're going to buy and the exotic locales you will now visit. Or am I the only one who would be the type to do that?
  • #4,072
  • Edited 3:59am Apr 4, 2012 3:48am | Edited 3:59am
Tick flow trading using the RB5 for the setup. Coloured arrows are ones I've taken, white arrows are ones I missed. Two recent shorts in line with the RB5 trend with the first a BE and the second a bit better.

Edit: Broke S1 and held below so looking at maybe 3133. Will *try* to follow the MAs...

Edit 2: Oops, wrote the wrong target. Multi-tasking with FF is hard.
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  • #4,073
  • Apr 4, 2012 4:09am Apr 4, 2012 4:09am
Quoting Auron112
Edit: Broke S1 and held below so looking at maybe 3133. Will *try* to follow the MAs...
We formed a double bottom while oversold on the RB5, so I took my pips for +19. Will look to reload for a further move down if the market would be so kind.
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  • #4,074
  • Apr 4, 2012 4:24am Apr 4, 2012 4:24am
EY took off but was difficult to catch initially from the tight cloud. So I waited for the bounce off the April 3rd low and took the LH off 75 with a plan to bail quick if we formed a double bottom. Broke down hard and as I'm looking at this with a H4 picture in mind, it could be good for some solid pips.
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  • #4,075
  • Apr 4, 2012 4:29am Apr 4, 2012 4:29am
Possible H4 targets at 107.88 and 107.50. Rather optimistic so something is likely to get me out sooner but if the market insists I will look for those.
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  • #4,076
  • Apr 4, 2012 5:35am Apr 4, 2012 5:35am
Quoting Auron112
EY took off but was difficult to catch initially from the tight cloud. I'm looking at this with a H4 picture in mind, it could be good for some solid pips.
I decided to take my pips as seen in the TV33 chart. I'm not as confident with the tick volume on EY and might have to adjust from 33 but it was helpful here for the exit. The initial push into 25 didn't give me an ideal place to exit on the tick chart so I held through the pullback. I figured the way down was just one major leg anyways and we should get at least one more.

Once we pushed down again I decided to take my pips when the quite nice double bottom formed (and a 2B with divergence and oversold on RB5). Might still make targets but already some good ground covered and given time of day I'm happy to be done with it. +54 banked.

Excellent morning for EU and EY traders, and helps make up for a somewhat weak performance yesterday prior to the FOMC bonanza.
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  • #4,077
  • Apr 4, 2012 9:18am Apr 4, 2012 9:18am
Quoting Auron112
Possible H4 targets at 107.88 and 107.50. Rather optimistic so something is likely to get me out sooner but if the market insists I will look for those.
Nearly made it..

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Follow, don't anticipate.
  • #4,078
  • Apr 4, 2012 9:37am Apr 4, 2012 9:37am
Quoting Ian
Nearly made it..

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I cannot live with the shame of this missed call. I shall begin the seppuku ritual immediately...
  • #4,079
  • Apr 5, 2012 4:23am Apr 5, 2012 4:23am
Better late than never .
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  • #4,080
  • Edited 8:14am Apr 5, 2012 4:35am | Edited 8:14am
Quoting Krisdetrader
Better late than never .
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Nice one.., I was feeling a bit after missing the EU sell at 3150, but managed to catch the EJ rejection of Y's low, short at 84 out for +23 when we bounced off 55 just above H4 target 107.50 as shown by Auron yesterday.

Edit: Should have hung on a bit longer as we've just hit 50.
Edit 2: Should have hung on a lot longer..

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Follow, don't anticipate.
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