Islander and Medici trade the European open | Page 212 | Forex Factory

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Islander and Medici trade the European open

  • #4,221
  • Mar 6, 2013 10:37pm Mar 6, 2013 10:37pm
Quoting Islander
TP hit in the 16:18 gmt bar......time for a cold San Miguel....

Brilliant trading and with such simplicity.

Well done.

  • #4,222
  • Mar 7, 2013 12:58am Mar 7, 2013 12:58am
Quoting matlobien
Brilliant trading and with such simplicity.

Well done.

Thanks.....now short after Lower Highs on 5m & 1m charts.....it may still test the 3000 level TWT
Trading Levels with WRBs
  • #4,223
  • Mar 7, 2013 1:44am Mar 7, 2013 1:44am
Out for a few after that red 5m marubozo hit the 38% retrace from the overnight lows and failed to move lower...some volume too ahead of the reported buyers in the 65 / 75 area....
Trading Levels with WRBs
  • #4,224
  • Mar 7, 2013 1:52am Mar 7, 2013 1:52am
Now long after the 1m HL which was alerted by the earlier TVI divergence....
Trading Levels with WRBs
  • #4,225
  • Mar 7, 2013 2:14am Mar 7, 2013 2:14am
Quoting Islander
Now long after the 1m HL which was alerted by the earlier TVI divergence....

I've taken partials at the 50% retrace of yesterday's range - 3016 - also today's MR 1 level....also the .618 expansion of the fib I mentioned earlier
Trading Levels with WRBs
  • #4,226
  • Mar 7, 2013 2:54am Mar 7, 2013 2:54am
Closed the remainder after the 61.8% retrace at 3028 held with 1m bearish divergence
Trading Levels with WRBs
  • #4,227
  • Mar 7, 2013 3:15am Mar 7, 2013 3:15am
Sufficient posts for this morning
Attached Image (click to enlarge)
Click to Enlarge Name: mar 7 € 1m 0914 gmt.gif Size: 23 KB
Trading Levels with WRBs
  • #4,228
  • Mar 7, 2013 3:23am Mar 7, 2013 3:23am
Quoting Islander
Closed the remainder after the 61.8% retrace at 3028 held with 1m bearish divergence

Great,

I took only 20 after hl just before LO and got out at mr1.

  • #4,229
  • Mar 7, 2013 3:32am Mar 7, 2013 3:32am
Quoting matlobien
Great,

I took only 20 after hl just before LO and got out at mr1.

Well done - I also banked some there too - it was half an hour before the next leg up...

Now I think it will range into the ECB announcement at 1:45 gmt - unless the Spanish Bond auction or news from Italy injects some action....
Trading Levels with WRBs
  • #4,230
  • Mar 7, 2013 5:53am Mar 7, 2013 5:53am
Quoting Islander
Sufficient posts for this morning
Hi Islander, today's play by play on your reasons for entry and exit are pure gold. A definitive reason/logic for every action!

Your posts today actually cemented a couple important things I need to work on.

Thanks.
  • #4,231
  • Mar 8, 2013 3:31am Mar 8, 2013 3:31am
Quoting Sakk
Hi Islander, today's play by play on your reasons for entry and exit are pure gold. A definitive reason/logic for every action!

Your posts today actually cemented a couple important things I need to work on.

Thanks.
Excellent. NFP day after a wide ranged day, so I expect a narrow range until then....
Trading Levels with WRBs
  • #4,232
  • Mar 11, 2013 7:47am Mar 11, 2013 7:47am
No levels, no news, no volume, no trades.

  • #4,233
  • Mar 11, 2013 9:42am Mar 11, 2013 9:42am
Quoting matlobien
No levels, no news, no volume, no trades.

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,234
  • Mar 13, 2013 4:17am Mar 13, 2013 4:17am
Rather busy, so posts are when I can....

The lower high this morning was at the 61.8% retracement on my hourly chart, so I sold after the LH after LO / break of
MR1. Price stalled at the DP in a small green doji - these are often "measuring dojis" and so I was looking for a TP just below the MS1 level
Attached Image (click to enlarge)
Click to Enlarge Name: mar 13 € 5m 0907 gmt.gif Size: 18 KB
Trading Levels with WRBs
  • #4,235
  • Mar 14, 2013 2:55am Mar 14, 2013 2:55am
I have 1.2970 as a S&R level and on the 15m chart the Asian high makes a clear head & shoulders.....I sold as the area was retested....

PS 96.25 in UJ has just been hit for the third time....if it holds €J will be a nice sell...
Trading Levels with WRBs
  • #4,236
  • Mar 15, 2013 4:04am Mar 15, 2013 4:04am
I'm currently focused on buying cable and hope that others got some of yesterday's great rally.

This morning's action was clear and I was hoping for a pull back to the 50% level to buy again the the 5150 level as my target - there's a large option expiry for the NY cut at that level.

Price turned back up before the 50% retrace, so I got out and reversed after the high volume alert

I'm leaving €J alone until April as the end of Japan's fiscal year is pushing UJ down and thus in conflict with the current rallies....
Attached Image (click to enlarge)
Click to Enlarge Name: mar 15 gbp 1m 0854 gmt.gif Size: 29 KB
Trading Levels with WRBs
  • #4,237
  • Mar 15, 2013 4:38am Mar 15, 2013 4:38am
BTW, I don't actively watch the 1m charts, just the 5m & 15m, but I have alerts to tell me when to zoom in and look at the 1m action.

On this chart the red and green arrows are generated by an EMA cross indicator that has both sound and pop up alerts, so when my klaxon goes off - I've modified the sound file - I just take a look at the action ........that made me bank pips on the short € I'd taken in mid FH, hoping for a lower prices......


PS long cable closed on the hit of the earlier high which held.......for now....
Attached Image (click to enlarge)
Click to Enlarge Name: mar 15 € 1m 0930 gmt.gif Size: 24 KB
Trading Levels with WRBs
  • #4,238
  • Mar 18, 2013 2:14am Mar 18, 2013 2:14am
Quoting Islander
BTW, I don't actively watch the 1m charts, just the 5m & 15m, but I have alerts to tell me when to zoom in and look at the 1m action.

On this chart the red and green arrows are generated by an EMA cross indicator that has both sound and pop up alerts, so when my klaxon goes off - I've modified the sound file - I just take a look at the action ........that made me bank pips on the short € I'd taken in mid FH, hoping for a lower prices......


PS long cable closed on the hit of the earlier high which held.......for now....
Hi Captain.

Would you be so kind to post the EMA cross indicator ?

Thanks

  • #4,239
  • Mar 18, 2013 5:47am Mar 18, 2013 5:47am
Some gap down - driven by the mess in Cyprus - we can expect continued volatility as further news hits the wires as the EU has got its knickers in a huge knot asking private account holders to take a 10% loss - what happened to the €100K guarantee??

I'm just following the short term swings whilst this gets sorted out....

Here, I was expecting the consolidation to break out upwards, but the news that Cyprus was to delay its vote on the haircut bill and keep its banks closed pushed € down again.....
Attached Image (click to enlarge)
Click to Enlarge Name: mar 18 € 1m 1040.gif Size: 30 KB
Trading Levels with WRBs
  • #4,240
  • Mar 18, 2013 5:49am Mar 18, 2013 5:49am
Quoting matlobien
Hi Captain.

Would you be so kind to post the EMA cross indicator ?

Thanks

here you go....
Attached File(s)
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 276 downloads
Trading Levels with WRBs
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