Islander and Medici trade the European open | Page 211 | Forex Factory

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Islander and Medici trade the European open

  • #4,201
  • Mar 4, 2013 5:18am Mar 4, 2013 5:18am
Quoting Islander
Three clear swings offering > 20 pips each for the alert trader just using LH's and one HL.....so lets say 50 pips for a start to the week BFN

Brilliant.

I got all 3, but only total of 20.

Still have to get use to 1 min.

Thanks again.

  • #4,202
  • Mar 4, 2013 5:47am Mar 4, 2013 5:47am
Quoting matlobien
Brilliant.

I got all 3, but only total of 20.

Still have to get use to 1 min.

Thanks again.

Well done Agreed, the 1 min does take some getting used to and it takes time to "have faith" in what the chart and indicators are showing......but when they all come together you will get some super trades

Just that one €J trade would have given me my morning's quota - but I missed that one and will just have to catch the next one! - with the 1 min chart we dont have to wait too long!
Trading Levels with WRBs
  • #4,203
  • Mar 4, 2013 7:25am Mar 4, 2013 7:25am
Today's action since FO is in a ~35 pip range, so its either stay on the 1 min chart or read a book!

There was a HL at 12:15 GMT in a nice high volumed harami that offered another 20+ pips for the alert trader as € put in a typical move into the US Open. Since then the 1m has made a LH off Friday's close, so we now need to see if the 3000 level holds....
Trading Levels with WRBs
  • #4,204
  • Mar 4, 2013 11:14pm Mar 4, 2013 11:14pm
Hi Islander,

Great to see you back on this thread. Here's a trade from today, chart explains it all.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (1 Min) 5_03_2013.jpg Size: 175 KB
  • #4,205
  • Mar 5, 2013 1:05am Mar 5, 2013 1:05am
Quoting Sakk
Hi Islander,

Great to see you back on this thread. Here's a trade from today, chart explains it all.

GM - thanks and that was a perfect trade with the double top at todays MR 1 level. There was more action in the few hours of the Asian Session than all day in Europe! - not totally unexpected for Yen crosses
Trading Levels with WRBs
  • #4,206
  • Mar 5, 2013 1:59am Mar 5, 2013 1:59am
€ held in a 22 pip range since the US close, so the action has been driven by UJ - waiting to see what LO brings....
Trading Levels with WRBs
  • #4,207
  • Mar 5, 2013 2:09am Mar 5, 2013 2:09am
FF have gven these data releases a red bar....

8:15 GMT Spanish Services PMI expected 45.9

8:45 GMT Italian Services PMI expected 43.6

so not long to see if they kick any life into €
Trading Levels with WRBs
  • #4,208
  • Mar 5, 2013 2:23am Mar 5, 2013 2:23am
8:15 GMT Spanish Services PMI expected 45.9 actual 44.7 so a bad number which has had no effect.

I missed the 8:17 higher € low and thus the potential ~20 pips that follwed

UJ's heading south, so with € trying to rally, €J has conflict....
Trading Levels with WRBs
  • #4,209
  • Mar 5, 2013 3:14am Mar 5, 2013 3:14am
Quoting Islander
8:15 GMT Spanish Services PMI expected 45.9 actual 44.7 so a bad number which has had no effect.

I missed the 8:17 higher € low and thus the potential ~20 pips that follwed

UJ's heading south, so with € trying to rally, €J has conflict....
UJ reversed at 9:24 in a nice 1m harami and the subsequent HL in €J signalled the 40+ rally after the in line Italian data
Trading Levels with WRBs
  • #4,210
  • Mar 5, 2013 3:39am Mar 5, 2013 3:39am
The buy was there to be taken.....
Attached Image (click to enlarge)
Click to Enlarge Name: mar 5 1m € 0937 gmt.gif Size: 25 KB
Trading Levels with WRBs
  • #4,211
  • Edited 4:32am Mar 5, 2013 4:31am | Edited 4:32am
Quoting Islander
The buy was there to be taken.....
I can't trade the first few hours of the London Open due to timezone and my children being awake...lol.

I have just logged on and saw that exact trade confirmation with UJ and the higher low on EJ. EJ was allso trading in the 50% - 61.8% fib zone from the most recent swing low to high. Everything lined up.

Fantastic, great low risk entry!

Good stuff Islander
  • #4,212
  • Mar 6, 2013 1:41am Mar 6, 2013 1:41am
GM - several Lower Highs in € early in Frankies Hour gave sell signals for a swift drop to the 3050 support area...
Trading Levels with WRBs
  • #4,213
  • Mar 6, 2013 1:58am Mar 6, 2013 1:58am
I'm holding partials for an old S&R level at 3039 - also the 50% retrace of the rally off yesterday's low
Trading Levels with WRBs
  • #4,214
  • Mar 6, 2013 2:12am Mar 6, 2013 2:12am
The news services note offers in the 3065/75 area and at 3090/3100 and so far the former area has held.

Now price has found support at todays DP level at 3044 - a few pips above the 50% retrace and with TVI showing positive divergence, I'm now flat.....
Trading Levels with WRBs
  • #4,215
  • Mar 6, 2013 2:28am Mar 6, 2013 2:28am
the action so far....no EZ news today, so it may be another narrow ranged session....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: mar 6 € 1m 0824 gmt.gif Size: 22 KB
Trading Levels with WRBs
  • #4,216
  • Mar 6, 2013 2:47am Mar 6, 2013 2:47am
Very slow PA, I took a small buy off the last HL as the DP's still holding.

UJ's heading back towards its 93:50 level and taking €J with it
Trading Levels with WRBs
  • #4,217
  • Mar 6, 2013 3:04am Mar 6, 2013 3:04am
LH ~ MR 2 in a high volumed 5m shooting star so closed and reversed.....now to see if the DP breaks...
Trading Levels with WRBs
  • #4,218
  • Mar 6, 2013 3:39am Mar 6, 2013 3:39am
Quoting Islander
LH ~ MR 2 in a high volumed 5m shooting star so closed and reversed.....now to see if the DP breaks...

It did and so the support area I mentioned earlier ~ 3039 was hit so I banked and have finished for now
Trading Levels with WRBs
  • #4,219
  • Mar 6, 2013 9:51am Mar 6, 2013 9:51am
I took other shorts later - just waiting for a trace to a prior support area.

Now I have a small long off the HL at 15:30 with a TP at the 3005 level for my last trade today....
Attached Image (click to enlarge)
Click to Enlarge Name: mar 6 € 5m 1517 gmt.gif Size: 26 KB
Trading Levels with WRBs
  • #4,220
  • Mar 6, 2013 10:25am Mar 6, 2013 10:25am
Quoting Islander
I took other shorts later - just waiting for a trace to a prior support area.

Now I have a small long off the HL at 15:30 with a TP at the 3005 level for my last trade today....
TP hit in the 16:18 gmt bar......time for a cold San Miguel....
Trading Levels with WRBs
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