Islander and Medici trade the European open

Quoting Islander

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{quote} As cable was flat into FO, I waited until mid FH when it started to rally and then bought. My exit was similar to yours - out in the WRB with high volume - apart from MR 1 I also have a S&R level 4 pips higher so the push up was close enough for me too {image}

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Quoting figgsey

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Hi Captain, I have been experimenting with the 3 Dragons system and I am impressed. A key strength (for me) is certainly M1 entry. At the moment however we are talking "scalping" pips as I have not been able to determine exit conditions. The M1 dragons turning up/stochs indicators don't allow me to keep in with a good trade for too long. Do you have any thoughts - say looking at longer TFs? I always try to trade in the direction of the M15 screen. Possibly the M5 setup can help here... I would appreciate any thoughts. Happy New Year pirating pips...

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Quoting Rooi

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{quote} Hi Islander Just want to ask how important you feel the 5min Stoch is compared to what your MA's are doing. What I mean is obviously you have the indicator that you feel is the most important and the start of the process for getting into the market. How important is what indicator to you? (I know the the PA is the most important but after that) Do mind sharing this indicator for showing the opens of Europe and London please. Thanks for the help. Rooi {image}

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Quoting figgsey

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Hi Captain, I have been experimenting with the 3 Dragons system and I am impressed. A key strength (for me) is certainly M1 entry. At the moment however we are talking "scalping" pips as I have not been able to determine exit conditions. The M1 dragons turning up/stochs indicators don't allow me to keep in with a good trade for too long. Do you have any thoughts - say looking at longer TFs? I always try to trade in the direction of the M15 screen. Possibly the M5 setup can help here... I would appreciate any thoughts. Happy New Year pirating pips...

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Quoting Islander

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{quote} Hi - the use of the 5m & 15m stochs on the 1m chart are as set out by RJ in the Genesis thread. For me, I want to see the 5m "opening" in the direction of the trade with the 15m at least flat / starting to open. I use the 30 as an additional filter, it too must be flat or starting to slope in the entry direction. Here's the "open lines" indy.... {file}

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Quoting Islander

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{quote} Thanks and a Happy and Prosperous New Year to you too I agree, the initial 3D as I set it out in Sonic's thread was IMO too subjective, hence I added the MTF stochs and Matrix from the Genesis thread (and had to stop posting in Sonic's thread as he does not allow the addition of any indicators) and these indicators allowed me to work out a subjective set of entry rules. However, I also was unhappy with my exits as I often left to much on the table and thus I have been looking with great interest a Alien's Visual MTF approach which offers...

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Quoting Sober_Colm

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Howdy Islander, I see you entered at 7:55. Were you happy with the volume at that point or was that secondary to your decision to enter? Are you giving more credence to Aliens indys? Cheers.

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Quoting Islander

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GM - here's what I changed to, based on Alien's work which I'm hoping will show the way to pirating more pips from the ID swings aka Waves in Alienspeak.... I took half off for 50 pips......there's a good Pdf in Alien's thread that will answer many questions.... {image}

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Quoting figgsey

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{quote} Hi Islander, I have some more interesting and good observations I would like to run by you.. - Major short term Swings: focus on the M15 screen - Regardless of longer trends enter trades from M1 setup of rising/falling stochs and price lows. - M5 used best to confirm scalp potential... Am I missing anything significant.? And what/how (if at all) do you look at longer TFs to trade the trend as opposed to daily/M15 swing? I'll take a look at the Alien, cheers

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Quoting Sober_Colm

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I took a look at Alien's system(s) & took some of what you said into account. Waiting for all the stochs to line up with the matrix system can be frustrating so this morning on EJ on having the m30 stoch (my staple) looking good, when the m5 stoch crossed & turned & the matrix looked good I entered without waiting for the m15 stoch to be in favour too as the RSIOMA had just crossed the 50 & was heading south after a bb squeeze. Entry was at 7:33 GMT. For the exit I waited for ADX to fade just before LO (which happened to be at DPV anyway). Out at...

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