Islander and Medici trade the European open | Page 236 | Forex Factory

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Islander and Medici trade the European open

  • #4,701
  • Mar 5, 2014 5:33am Mar 5, 2014 5:33am
Quoting figgsey
{quote} Capt, let me help.....

thanks figgsey - I switched to my laptop and got it working.....see chart posted above....
Trading Levels with WRBs
  • #4,702
  • Mar 5, 2014 5:42am Mar 5, 2014 5:42am
Quoting Islander
{quote} Agreed, Putin put risk back on the table....I got in on the pull back at 6:58, took partials at the BRN and added back on the next PB and closed the lot at 8:20 after that high volumed shooting star held at the **25 level and the next attemt failed....-ve TVI divergence too....next up is UK Construction PMI in ~half an hour.... {image}
Hi, Capitain,
I learned a lot from you 3-dragon method.
I am following this thread from time to time. I see you use Ultral Stoch Color indicators now.
I compared this indi with TDI and it's much betther, so that I add Ultral Stoch to my chart but got a question.
In the chart I have two 20 and 80 levels, how can I deal with it? I study your chart there seems only one 20 one 80, right?
One more question, when you use EMA25 , you throw away EMA75? Do you use 25 bolling bands instead of EMA75?
In my chart I use 25bolling bands, it looks a bit messy.
Do I need to use a sepcial bolling band indicator?
Thanks
Attached Image (click to enlarge)
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  • #4,703
  • Mar 5, 2014 5:44am Mar 5, 2014 5:44am
Quoting Islander
OK - I could not get this to work on my desktop, so switched to lappy.....now to find out how to use it .... {image}
Have fun, and if you need any help with scripts feel free to drop me a line.
  • #4,704
  • Mar 5, 2014 6:12am Mar 5, 2014 6:12am
Quoting xiaoxin
{quote} Hi, Capitain, I learned a lot from you 3-dragon method. I am following this thread from time to time. I see you use Ultral Stoch Color indicators now. I compared this indi with TDI and it's much betther, so that I add Ultral Stoch to my chart but got a question. In the chart I have two 20 and 80 levels, how can I deal with it? I study your chart there seems only one 20 one 80, right? One more question, when you use EMA25 , you throw away EMA75? Do you use 25 bolling bands instead of EMA75? In my chart I use 25bolling bands, it looks a bit...
As I am using 2 ultra stoch in the same window, it is important to set both of the fixed minimum and maximum levels the same ....-5 and +105 under the common tab.....I guess on that chart I had forgotton to change something....

I am trying to remove lines from my charts and if I am using the ribbon, then the EMA 75 will be very close to the higher setting on my ribbon, so I remove the ema....

I use the Bands indicator that on pre build 600 was found under the Custom tab and could be set to use EMA and also, the mid line could be hidden....I ONLY use the BBs to show a pinch / squeeze.....

I hope this helps
Trading Levels with WRBs
  • #4,705
  • Mar 5, 2014 6:37am Mar 5, 2014 6:37am
Thanks Capitain!
I'm much clear now!
  • #4,706
  • Mar 5, 2014 8:36am Mar 5, 2014 8:36am
Quoting Islander
{quote} thanks figgsey - I switched to my laptop and got it working.....see chart posted above....
Ah, I see. No worries.

Looks interesting BTW

Probably early days at the moment but can you see how this can be incorporated within the Method?
  • #4,707
  • Mar 5, 2014 10:58am Mar 5, 2014 10:58am
No trades from me this week capt due to major building work.. remember my flooding Capt

Anyhow, demo MT400 Build M1...

I guess that you are using 25/75 EMA on the Ribbon following earlier post.

I will probably be going with 25/60 as attached.. Have you tried 60?
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  • #4,708
  • Edited 4:43am Mar 6, 2014 12:07am | Edited 4:43am
BoE/ ECB day; never anything in them for me. Not enough liquidity for decent moves with follow-through so have to stay sidelined. Likely same tomorrow with NFPs on tap. Stay in bed.
  • #4,709
  • Mar 6, 2014 12:17am Mar 6, 2014 12:17am
Quoting Sober_Colm
BoE/ ECB day; never anything in them for me. Not enough liquidity for decent moves with follow-through so have to stay sidelined. Likely same tomorrow with FFPs on tap. Stay in bed.
GM - that's why I like GJ......UJ's input is worth 1.67pips, so it doesn't take much to get my daily 50 and I had a good start in FH after that pinch and HL in the coloured stoch...
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Trading Levels with WRBs
  • #4,710
  • Mar 6, 2014 3:45am Mar 6, 2014 3:45am
Quoting Sober_Colm
BoE/ ECB day; never anything in them for me. Not enough liquidity for decent moves with follow-through so have to stay sidelined. Likely same tomorrow with FFPs on tap. Stay in bed.
Ha - I feel that way as I don't trade demo (bad habit to get into) pending flood damage repairs
  • #4,711
  • Mar 6, 2014 11:09pm Mar 6, 2014 11:09pm
Quoting Islander
{quote} As I am using 2 ultra stoch in the same window, it is important to set both of the fixed minimum and maximum levels the same ....-5 and +105 under the common tab.....I guess on that chart I had forgotton to change something.... I am trying to remove lines from my charts and if I am using the ribbon, then the EMA 75 will be very close to the higher setting on my ribbon, so I remove the ema.... I use the Bands indicator that on pre build 600 was found under the Custom tab and could be set to use EMA and also, the mid line could...
Thank you Sir, never figured out how you did it and i just used the m5 levels. Now its much clearer Never stop learning from you

Thanks again and a fine weekend.
  • #4,712
  • Mar 6, 2014 11:21pm Mar 6, 2014 11:21pm
Quoting huskyboy
{quote} Thank you Sir, never figured out how you did it and i just used the m5 levels. Now its much clearer Never stop learning from you Thanks again and a fine weekend.
Glad that you find my posts helpful.....there is always something to be found in FF

Just pirated a few pips from a short in cable in the 6:46 gmt bar...clear sell on both the 5m & 1m charts.....UJ was trying to turn up, so better NOT to trade GJ...NFP Day after wide ranges yesterday, so it may be a dull morning......TWT
Trading Levels with WRBs
  • #4,713
  • Mar 7, 2014 12:54am Mar 7, 2014 12:54am
A couple of 10 pippers and 30+ here and I'm finished till NFP.....
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Trading Levels with WRBs
  • #4,714
  • Mar 7, 2014 12:58am Mar 7, 2014 12:58am
13 Pips for today as i was targeting previous high above RN and missed the GBP/AUD trade as I was out for prayer . Have started in real account so will be more cautious with setups
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  • #4,715
  • Mar 10, 2014 12:54am Mar 10, 2014 12:54am
Chopfest out there. Yen crosses absolutely directionless for me coming into FO so just looking for scalps & got 5p off some mild m5 GJ divergence at 7:40. That's about it for me, have to wait & see where the market wants to go & get involved tomorrow. Best of luck all.
  • #4,716
  • Mar 10, 2014 1:01am Mar 10, 2014 1:01am
Quoting Sober_Colm
Chopfest out there. Yen crosses absolutely directionless for me coming into FO so just looking for scalps & got 5p off some mild m5 GJ divergence at 7:40. That's about it for me, have to wait & see where the market wants to go & get involved tomorrow. Best of luck all.

GM SC - agreed - I've been trading EJ as EU and UJ were in harmony, whereas cable was not.....now to see what London does....

NB Need to remember that yesterday the USA changed to Summer Time, so the NY Open is an hour earlier....
Trading Levels with WRBs
  • #4,717
  • Mar 10, 2014 1:24am Mar 10, 2014 1:24am
Quoting Islander
{quote} GM SC - agreed - I've been trading EJ as EU and UJ were in harmony, whereas cable was not.....now to see what London does.... NB Need to remember that yesterday the USA changed to Summer Time, so the NY Open is an hour earlier....
Got ~35 pips from EJ, exit after UJ hit its **25 level with a LH in € and TVI divergence in EJ .....cable had a big spike down....watching to see IF that's a fakeout....
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Trading Levels with WRBs
  • #4,718
  • Mar 10, 2014 8:13am Mar 10, 2014 8:13am
Quoting Islander
{quote} GM SC - agreed - I've been trading EJ as EU and UJ were in harmony, whereas cable was not.....now to see what London does.... NB Need to remember that yesterday the USA changed to Summer Time, so the NY Open is an hour earlier....
Yes, thanks for that reminder re Summer Time change.

Just resetting indicators - some seem to get this from the MT4 host system and I may need to have to use there server setting
  • #4,719
  • Mar 12, 2014 12:54am Mar 12, 2014 12:54am
Morning all. Couple of EJ trades this morning. First GMT 6:56 for 9p then 7:26 for a mere 2p as I chickened out when UJ was climbing temporarily, should have just moved to BE & held on for the pivot but decided to cut my losses as UJ was strengthening; could have been so much better, there was at least 10p on offer there. Busy with work so off to catch a train, will try post entries later but nothing has changed there, still based on all the usual factors with nice recycles. Here's the exits anyways. First one was the CCI divergence, second was just plain chickenshit.
Attached Image
  • #4,720
  • Mar 12, 2014 1:50am Mar 12, 2014 1:50am
Quoting Sober_Colm
Morning all. Couple of EJ trades this morning. First GMT 6:56 for 9p then 7:26 for a mere 2p as I chickened out when UJ was climbing temporarily, should have just moved to BE & held on for the pivot but decided to cut my losses as UJ was strengthening; could have been so much better, there was at least 10p on offer there. Busy with work so off to catch a train, will try post entries later but nothing has changed there, still based on all the usual factors with nice recycles. Here's the exits anyways. First one was the CCI divergence, second was...
GM SC - I too have been trading EJ and got +10 off a buy at 7:55....

At present the PA sucks and its driving me nucking futs with all the chopping around

UJ MAY have put in a low at its 102.80 level with a potential inverted shampoo on its 15m chart. €s low yesterday was ~ a 38% retrace on the 4 hr chart and it MAY have put in a HL during FH......TWT. If so, buying EJ will be good - I still have some of my buy open.

Cable has retested yesterday's low in its 6600 area but has 6585 as a low at a PVP level from Feb 24, so that might get tested again.....TWT
Trading Levels with WRBs
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