Islander and Medici trade the European open | Page 224 | Forex Factory

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Islander and Medici trade the European open

  • #4,461
  • Jan 16, 2014 1:28am Jan 16, 2014 1:28am
Islander - post 4193 dated 4th March 2013
  • #4,462
  • Jan 16, 2014 1:31am Jan 16, 2014 1:31am
Quoting Sober_Colm
After much study I've concluded that for scalping the best exits are either a change in momentum on the Advanced ADX 7 (as long as the adx 21 & 42 aren't floating above the histogram in which case, as per Alien, there should be more in the move), or volume divergence, both in conjunction with s/r. Such exits will usually get me out of a trade a lot earlier than most but as per the examples over the last few pages, there's always the option of jumping back in if the right conditions remain/ arise. Since seeing the charts you posted Islander I've...
Darnit - I lost my reply!

I agree and I've changed my 1m ADX & Advanced ADX from 7 to 9......divergence there seems as good as the TVI.....I'm also looking at a double CCI as used by another trader.....

For these M1 entries, monitoring M5 & M15 is IMO sufficient. I do start my day by changing my 5m chart to H1 & H4 just to see what RSIOMA is doing up there......all WIP....

So far this morning its a slow start - no trends into FO and UJ is in opposition to both cable and fibre....looks like UsdTry for some action - LOL and what action
Trading Levels with WRBs
  • #4,463
  • Jan 16, 2014 1:43am Jan 16, 2014 1:43am
Quoting handy148
Islander - post 4193 dated 4th March 2013

ah - a real blast from the past - yes, it was an earlier one with the 10 Linear Weighted MA and 30 EMA see attached chart....
Attached Image (click to enlarge)
Click to Enlarge Name: jan16 old ej plus indys.png Size: 206 KB
Trading Levels with WRBs
  • #4,464
  • Jan 16, 2014 2:18am Jan 16, 2014 2:18am
Quoting Islander
{quote} Darnit - I lost my reply! I agree and I've changed my 1m ADX & Advanced ADX from 7 to 9......divergence there seems as good as the TVI.....I'm also looking at a double CCI as used by another trader..... For these M1 entries, monitoring M5 & M15 is IMO sufficient. I do start my day by changing my 5m chart to H1 & H4 just to see what RSIOMA is doing up there......all WIP.... So far this morning its a slow start - no trends into FO and UJ is in opposition to both cable and fibre....looks like UsdTry for some action - LOL and...
At 7:50 UJ's matrix turned red, putting UJ in harmony with GU, so sold GJ in 7:53 bar at 171.20.....chart later
Trading Levels with WRBs
  • #4,465
  • Jan 16, 2014 2:27am Jan 16, 2014 2:27am
Quoting Islander
{quote} ah - a real blast from the past - yes, it was an earlier one with the 10 Linear Weighted MA and 30 EMA see attached chart.... {image}

ahhh, Like an old comfort blanket!!. almost looks as easy as building positons at the retrace to the MA or placing the odd short term binary..
  • #4,466
  • Jan 16, 2014 2:35am Jan 16, 2014 2:35am
Quoting Islander
{quote} At 7:50 UJ's matrix turned red, putting UJ in harmony with GU, so sold GJ in 7:53 bar at 171.20.....chart later

High volumed spike - a nice red hammer - into S&R areas on all three contracts, so out for +28
Attached Image (click to enlarge)
Click to Enlarge Name: jan16 gj multi 0831.png Size: 185 KB
Trading Levels with WRBs
  • #4,467
  • Jan 16, 2014 2:35am Jan 16, 2014 2:35am
Quoting Islander
So far this morning its a slow start - no trends into FO and UJ is in opposition to both cable and fibre
Very frustrating alright. Hard to call UJ. Have been in & out of EU as I just can't call it but it was GBP that was weak & that was where I should have been. Still holding short EU as USD looks like it might strengthen somewhat here but another fail at the open line & I think I'll close & pack it in for the day for a loss of a pip or 2. Still getting used to using the m15 RSIOMA/ Drake Delay but I really like as a lead indy.
  • #4,468
  • Jan 16, 2014 2:36am Jan 16, 2014 2:36am
Quoting Dr.Scalpall
{quote} ahhh, Like an old comfort blanket!!. almost looks as easy as building positons at the retrace to the MA or placing the odd short term binary..

Hi Doc - nice to see you - like old times - that was WIP with Medici......
Trading Levels with WRBs
  • #4,469
  • Jan 16, 2014 2:41am Jan 16, 2014 2:41am
Quoting Sober_Colm
{quote} Very frustrating alright. Hard to call UJ. Have been in & out of EU as I just can't call it but it was GBP that was weak & that was where I should have been. Still holding short EU as USD looks like it might strengthen somewhat here but another fail at the open line & I think I'll close & pack it in for the day for a loss of a pip or 2. Still getting used to using the m15 RSIOMA/ Drake Delay but I really like as a lead indy.
yes, I had to pop one of these......looks like a few good traders are passing by - welcome guys, feel free to post, there are no chart restrictions, so your "hidden" indys are allowed
Attached Image
Trading Levels with WRBs
  • #4,470
  • Jan 16, 2014 4:46am Jan 16, 2014 4:46am
Quoting Islander
{quote} High volumed spike - a nice red hammer - into S&R areas on all three contracts, so out for +28 {image}
Not sure whether the M30 as opposed to M5/M15 stochs oscillator is best for M1...

What do you think?
  • #4,471
  • Jan 16, 2014 4:50am Jan 16, 2014 4:50am
Quoting Sober_Colm
{quote} Very frustrating alright. Hard to call UJ. Have been in & out of EU as I just can't call it but it was GBP that was weak & that was where I should have been. Still holding short EU as USD looks like it might strengthen somewhat here but another fail at the open line & I think I'll close & pack it in for the day for a loss of a pip or 2. Still getting used to using the m15 RSIOMA/ Drake Delay but I really like as a lead indy.
Couldn't agree more. PP - great usage of Genesis/Alien etc. Looks like you have come along way from Sonic/PVSRA analysis. I guess that volumes are not as important for pirating pips
  • #4,472
  • Jan 16, 2014 6:36am Jan 16, 2014 6:36am
Quoting figgsey
Couldn't agree more. PP - great usage of Genesis/Alien etc. Looks like you have come along way from Sonic/PVSRA analysis. I guess that volumes are not as important for pirating pips
Funny you should mention that Figgsey as only today I've decided to scrap the Sonic volume indy alltogether; it's just getting in the way & is adding no value. If I need to see a move beginning or potentially ending I can see the wrb's on the candlestick chart anyway. Speaking of pirating pips, I failed to bag 7 or 8 on EU. Not in work today so decided to roll with the waves for a change, bad idea, saw my +10p erode to 0. I think I need to stick with what I'm good at, straight up scalping & banking pips & the current work in progress is great for just that.

Islander, thanks for the idea of putting the matrix on the UJ m1, that's exactly what I needed to give me more certainty of my read or tell my I've got it all wrong. Cheers.
  • #4,473
  • Jan 16, 2014 6:37am Jan 16, 2014 6:37am
Quoting figgsey
{quote} Not sure whether the M30 as opposed to M5/M15 stochs oscillator is best for M1... What do you think?
M30 looks better for confirming the ST trend... I am still investigating
  • #4,474
  • Jan 16, 2014 6:39am Jan 16, 2014 6:39am
Quoting figgsey
{quote} M30 looks better for confirming the ST trend... I am still investigating
M30 stoch is my no. 1 indicator; if it's at a nice angle, that's the direction I want to be trading (bear in mind I'm only looking for the st trend).
  • #4,475
  • Jan 16, 2014 6:40am Jan 16, 2014 6:40am
Quoting figgsey
{quote} Not sure whether the M30 as opposed to M5/M15 stochs oscillator is best for M1... What do you think?
I have the M30 stoch in orchid as one of my filters / only enter if it is flat or sloping in the direction of the trade. I want M15 to be flat or "opening" with the trade and M5 must be sloping and opening with the trade......all classic Genesis signals, some of which I have dropped to keep clutter down whilst testing Alien's methods

Note that the UJ matrix turned red in the 11:40 bar, allowing a sell in EJ at ~142.50.....so far the low is at the DP 142.20...
Trading Levels with WRBs
  • #4,476
  • Jan 16, 2014 6:44am Jan 16, 2014 6:44am
Quoting figgsey
{quote} Couldn't agree more. PP - great usage of Genesis/Alien etc. Looks like you have come along way from Sonic/PVSRA analysis. I guess that volumes are not as important for pirating pips
IMO an incresed volume as price spikes towards "a level" is still a great alert to consider banking some intra day pips - and it picked the low in GJ earlier....and has just done so again in EJ .....now I must finish lunch....
Trading Levels with WRBs
  • #4,477
  • Jan 16, 2014 7:01am Jan 16, 2014 7:01am
EJ trade - the reasons for entry should be clear. The dashboard on the 15m chart shows that the higher TFs are still long - easily confirmed by cycling up the TFs on the 5m chart - so don't expect a lot from a sell - also loads of US data and Helicopter Ben later.....

The M30 stoch is in the top pane of both the 1m & 5m charts.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan16 ej multi 1255.png Size: 181 KB
Trading Levels with WRBs
  • #4,478
  • Jan 16, 2014 7:40am Jan 16, 2014 7:40am
Quoting Islander
EJ trade - the reasons for entry should be clear. The dashboard on the 15m chart shows that the higher TFs are still long - easily confirmed by cycling up the TFs on the 5m chart - so don't expect a lot from a sell - also loads of US data and Helicopter Ben later..... The M30 stoch is in the top pane of both the 1m & 5m charts..... {image}

Not sure how useful the Genesis M5 is...?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 69 KB
  • #4,479
  • Jan 16, 2014 8:09am Jan 16, 2014 8:09am
Quoting figgsey
{quote} Not sure how useful the Genesis M5 is...? {image}

I use it on the 5m as an entry filter for my 1m chart and on the 5m multi display to monitor the UJ for harmony with EU / GU. I ignore it once I'm in a trade.

Currently, 3 reds in UJ is telling me NOT to trade EJ or GJ, but to focus on EU or GU IF I want to trade.....they both have 4 x 5m greens / blues......I did buy EurUsd for a few pips and now I'm waiting for NYO 2 and then the Philly Fed 30 mins later....
Attached Image
Trading Levels with WRBs
  • #4,480
  • Jan 16, 2014 8:16am Jan 16, 2014 8:16am
Quoting Islander
EJ trade - the reasons for entry should be clear. The dashboard on the 15m chart shows that the higher TFs are still long - easily confirmed by cycling up the TFs on the 5m chart - so don't expect a lot from a sell - also loads of US data and Helicopter Ben later..... The M30 stoch is in the top pane of both the 1m & 5m charts..... {image}
I would like to a closer look at the CII Trend indicator, could you please possibly post...?

Cheers Capt
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