Islander and Medici trade the European open | Page 216 | Forex Factory

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Islander and Medici trade the European open

  • #4,301
  • Nov 27, 2013 9:59am Nov 27, 2013 9:59am
Now that I m happy with my chart set up and trading rules I can spend some time on researching and analysing the intra day swings - a useful exercise which helps with selecting the times to be in front of your screen.....

Cable got a real kick up its ar*se this morning and then the second hit on the highs after NY opened....this sell was good for ~45 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: nov27 gbp 1m5m 1600gmt.png Size: 169 KB
Trading Levels with WRBs
  • #4,302
  • Nov 27, 2013 10:07am Nov 27, 2013 10:07am
Quoting Islander
Now that I m happy with my chart set up and trading rules I can spend some time on researching and analysing the intra day swings - a useful exercise which helps with selecting the times to be in front of your screen..... Cable got a real kick up its ar*se this morning and then the second hit on the highs after NY opened....this sell was good for ~45 pips.... {image}
Good pirate pips Islander.

Could you briefly explain?
Newbie trader
  • #4,303
  • Nov 27, 2013 10:20am Nov 27, 2013 10:20am
Quoting fex
{quote} Good pirate pips Islander. Could you briefly explain?
NP - I have already in the Genesis thread - but briefly, I have added the MTF stochastics and G Matrix from that thread to the Three Dragons which allows the entries to be made by subjective set of rules (filters) rather than the more objective entries that I did in Sonic's thread.

Thus when the 1m alert Pops Up, I check the stochastics and matrix on the 5m chart to see if any entry is "allowed" before moving to the 1m chart for execution - you should be able to work it out from there - if not , send me a PM....
Trading Levels with WRBs
  • #4,304
  • Nov 27, 2013 10:43am Nov 27, 2013 10:43am
Quoting Islander
{quote} NP - I have already in the Genesis thread - but briefly, I have added the MTF stochastics and G Matrix from that thread to the Three Dragons which allows the entries to be made by subjective set of rules (filters) rather than the more objective entries that I did in Sonic's thread. Thus when the 1m alert Pops Up, I check the stochastics and matrix on the 5m chart to see if any entry is "allowed" before moving to the 1m chart for execution - you should be able to work it out from there - if not , send me a PM....
Many thanks islander , I understand perfectly (I was the Genesis thread), you're very kind. Regards
Newbie trader
  • #4,305
  • Nov 28, 2013 1:57am Nov 28, 2013 1:57am
Quoting Islander
Now that I m happy with my chart set up and trading rules I can spend some time on researching and analysing the intra day swings - a useful exercise which helps with selecting the times to be in front of your screen..... Cable got a real kick up its ar*se this morning and then the second hit on the highs after NY opened....this sell was good for ~45 pips.... {image}
hi islander!

it's been a while...

i notice you mostly take early reversal trade entries which necessarily go against your ma's as in the present case.
it appears that your entry is more a function of mtf stoc play.
what purpose, then, do the ma's serve on your charts?

thanks.
  • #4,306
  • Nov 28, 2013 2:26am Nov 28, 2013 2:26am
Quoting pgd
{quote} hi islander! it's been a while... i notice you mostly take early reversal trade entries which necessarily go against your ma's as in the present case. it appears that your entry is more a function of mtf stoc play. what purpose, then, do the ma's serve on your charts? thanks.
Hi Pgd - yes indeed it has...my current charts are a fusion of the Three Dragons that I developed in Sonic's thread with the MTF and Matrix from the Genesis thread. Thus my entries remain based on the PA around a 1m MA ( a Dragon ) but they are qualified by the MTF Stochs and the Matrix. I keep the MA on the 5m chart in the hope that we will soon get some longer trending moves and I will be able to use those outer bands that drove Medici crazy!

Regards

Islander

PS The London guys are feeling their oats this morning - buckets of pips to be plundered
Attached Image (click to enlarge)
Click to Enlarge Name: nov28 eurjpy 1m5m 0812 gmt.png Size: 139 KB
Trading Levels with WRBs
  • #4,307
  • Nov 28, 2013 2:52am Nov 28, 2013 2:52am
Islander,

on xauusd h4, i am watching the marked area of interest.
can you put up your style charts and show where the next trade is likely to come up...

thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 41 KB
  • #4,308
  • Nov 28, 2013 3:21am Nov 28, 2013 3:21am
Quoting pgd
Islander, on xauusd h4, i am watching the marked area of interest. can you put up your style charts and show where the next trade is likely to come up... thanks. {image}

give me a few minutes and I'll put up a chart - but I have NOT tried my set up on the higher TFs.....
Trading Levels with WRBs
  • #4,309
  • Nov 28, 2013 3:28am Nov 28, 2013 3:28am
Quoting Islander
{quote} give me a few minutes and I'll put up a chart - but I have NOT tried my set up on the higher TFs.....

ok.

Additionally, please put up charts in lower TF as you usually do.

Thanks.
  • #4,310
  • Nov 28, 2013 3:31am Nov 28, 2013 3:31am
here's a 60m gold - my broker uses a different start time so the 4hr candles will be different - I only use the 4hr for levels without indicators etc......
Attached Image (click to enlarge)
Click to Enlarge Name: nov28 gold 60m 0928 gmt.png Size: 50 KB
Trading Levels with WRBs
  • #4,311
  • Nov 28, 2013 3:35am Nov 28, 2013 3:35am
but this is the 4hr.....good luck
Attached Image (click to enlarge)
Click to Enlarge Name: nov28 gold 4hr.png Size: 53 KB
Trading Levels with WRBs
  • #4,312
  • Nov 28, 2013 3:43am Nov 28, 2013 3:43am
Quoting Islander
{quote} outer bands that drove Medici crazy!
medici is so composed...
something could drive him crazy?
this has to be interesting.
could you please elaborate...
  • #4,313
  • Nov 28, 2013 3:57am Nov 28, 2013 3:57am
islander,

i loaded stoch as per your 11,3,3 settings but they look a bit different.
i see there are more things in the inputs. those could be different.

i think i have the required indicators.
kindly attach your m1 and m5 templates so that i have my charts looking exactly like yours.

thanks.
  • #4,314
  • Nov 28, 2013 4:32am Nov 28, 2013 4:32am
Quoting pgd
{quote} medici is so composed... something could drive him crazy? this has to be interesting. could you please elaborate...
on say the 5m chart, and say you are using a coloured 25 ema, you then add a standard 25 ema, set its colour to none and add levels at say +/- 250 and 500 thus 25 and 50 pips away from the ema - similar to Keltner Channels. In a trend move price will stay inside these bands making it easier to see when the move is loosing momentum.......I'm not showing them at present as most pairs are rangebound

Edit: check you PM....
Trading Levels with WRBs
  • #4,315
  • Nov 28, 2013 10:09am Nov 28, 2013 10:09am
Quoting Islander
{quote} Hi Pgd - yes indeed it has...my current charts are a fusion of the Three Dragons that I developed in Sonic's thread with the MTF and Matrix from the Genesis thread. Thus my entries remain based on the PA around a 1m MA ( a Dragon ) but they are qualified by the MTF Stochs and the Matrix. I keep the MA on the 5m chart in the hope that we will soon get some longer trending moves and I will be able to use those outer bands that drove Medici crazy! Regards Islander PS The London guys are feeling their oats this morning - buckets of pips to be...
Hi Islander,

Please let me ask a question about your EJ trade.

In the M1 chart, the trade was taken at the 7:48 bar (that completes at 7:48:59).

In the M5 bar, the Matrix was all green at the line marked (7:45 bar).

The 7:45 bar finishes at 7:50, so by the time you took the M1 trade, the bar was still open, and the GMTS Matrix was still printing.

The question is, did you wait for the 5 min bar close, or you took the trade knowing that the Matrix could have changed?

Gracias por tu respuesta

g
  • #4,316
  • Nov 28, 2013 10:54am Nov 28, 2013 10:54am
Quoting guibernaua
{quote} Hi Islander, Please let me ask a question about your EJ trade. In the M1 chart, the trade was taken at the 7:48 bar (that completes at 7:48:59). In the M5 bar, the Matrix was all green at the line marked (7:45 bar). The 7:45 bar finishes at 7:50, so by the time you took the M1 trade, the bar was still open, and the GMTS Matrix was still printing. The question is, did you wait for the 5 min bar close, or you took the trade knowing that the Matrix could have changed? Gracias por tu respuesta g

Well done I was waiting for this kind of question to be asked

Yes, the 5m bar was still open and the matrix still painting and some of its parts often start changing colour before it closes - and I only need 3 of the 4 to agree with the stoch.

Here, price was moving up off a higher 1m/5m low as a continuation with the 5m stochs in their overbought zones. The 5m stoch already opened and the 15m stoch just crossed.....but in the Euro the 5m gave its signal at 7:35 and its 1m at 7:11 - I bought that too - so I was in EJ early, anticipating that the lagging indicator would confirm.

Saludos

Islander
Trading Levels with WRBs
  • #4,317
  • Nov 28, 2013 1:50pm Nov 28, 2013 1:50pm
Nice thread Islander, keep up the good trading
  • #4,318
  • Nov 29, 2013 3:51am Nov 29, 2013 3:51am
Quoting Ck87
Nice thread Islander, keep up the good trading
Thanks I'm trying to

Cable has been good to me this morning...a continuation sell in FH, followed by a buy before the 9:30 data which was weaker than expected and so a sell back down to the DP / **25 level confluence. Now it time to watch the Euro and its data.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov29 gbp 1m5m 0946 gmt.png Size: 153 KB
Trading Levels with WRBs
  • #4,319
  • Edited 5:50am Dec 2, 2013 4:20am | Edited 5:50am
I was looking to buy EurJpy until I noticed that € was weak and heading down.....

Matrix attached for pgd....
Attached Image (click to enlarge)
Click to Enlarge Name: dec2 eur 1m5m 1017 gmt.png Size: 137 KB
Attached File(s)
File Type: mq4 GenesisMatrix 2.21_1 nrp.mq4   20 KB | 266 downloads
Trading Levels with WRBs
  • #4,320
  • Dec 2, 2013 11:12am Dec 2, 2013 11:12am
I find this Support and Resistance indicator useful and keep it on my higher TF charts.....the combination of increased tick volumes together with Wider Ranged Bar around these levels are worth watching....
Attached Image (click to enlarge)
Click to Enlarge Name: dec2 eur 15m sr plus wrb 1800.png Size: 48 KB
Attached File(s)
File Type: mq4 Atr&CandleLength.mq4   4 KB | 284 downloads
File Type: mq4 SS_SupportResistance_v04c.mq4   26 KB | 311 downloads
Trading Levels with WRBs
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