Islander and Medici trade the European open

Quoting Islander

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{quote} 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...

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Quoting figgsey

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If anything this is more consistent for the M1. Do you guys have any suggestions/thoughts... Ta

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Quoting Sober_Colm

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{quote} I use the m30/ m15 Ultra stochs (11,3,3) just as more of a guide really rather than a signal & I have them on my m5 chart because when it comes to the m1 chart for me I've already made the decesion to enter the trade & am just looking for a few key signals to get me in as the trade direction stuff is behind me by then. For example, for my first trade this morning everything looked good for a sell though m15 11,3,3 stoch was starting to aim up again so I referred to the m15 ultra (11,3,3) & it had just come off a high (albeit a very low one)...

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Quoting Sober_Colm

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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...

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Quoting Islander

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Posted elsewhere.....this is the stoch indy I would like to get onto my other charts.... Pirated +22 and +40 from this move....note the -ve divergence in the 5m stoch with this setting.... {image}

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Quoting Islander

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Posted elsewhere.....this is the stoch indy I would like to get onto my other charts.... Pirated +22 and +40 from this move....note the -ve divergence in the 5m stoch with this setting.... {image}

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Quoting figgsey

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{quote} Nice early pirate pips I was also looking at this cross but was waiting for a clearer sign on the TVI - although it was under 0, my indi was still blue

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Quoting jsf

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{quote} Good trading You may like to try this stoch indy - it shows current tf - plus two tf's above which keeps them relevant when switching tf. Also prints like Ultra until you refresh it by changing tf. Works on mt4 600+ but it looks like you use another platform. {image} {file}

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Quoting jsf

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Islander Sorry posted wrong indis - old age Here goes ! {file}

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Quoting Islander

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{quote} Post your chart so that I can see where it differs from mine. TVI < 0 = sell - assuming the 25 ema and stochs agree. < 0 with blue histogram = some profit taking / buying - check the PA and stochs.

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Quoting figgsey

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{quote} Agh, I see... Thanks because I was waiting for the right signal (entry) but TVI helps with divergence too using the ema and stochs I guess for the PM you have USD/JPY/GBP in your Pirate sights now?

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Quoting Islander

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{quote} nice swings today.....looks like I closed this one a bit early as UJ stalled and then sold off again..... look at the signals.....M5 stoch turns down and later M15 which was not far from 50 level, 25EMA rolls over and TVI goes under its zero.... best wait for the PB as I said earlier in Geppy-s thread, there will be pressure on UJ throughout March due to Yen repatriation for their year end on April 1..... {image}

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Quoting Sober_Colm

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Terrible frustrating one for me this morning. Was on GU at the turn but exited for 4p (& was happy with it as I was only scalping m5 divergence at the time) as I still thought Yen was stronger than Dollar even though UJ had turned long, grrr. Damnit did I read it wrong today. GU went on for 30p! Was on GJ too at the same time but was taken out for 0 from peak +13p. Lesson is to take what's happening on m5 UJ in the here & now rather than what it's been at overnight & what I "think it's doing. Good weekend all.

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