Islander and Medici trade the European open | Page 238 | Forex Factory

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Islander and Medici trade the European open

  • #4,741
  • Mar 17, 2014 4:14am Mar 17, 2014 4:14am
Here's the next swing in EJ.....trade was posted in Rooi's thread....

Cable finally started to move, although so far its range is only 26 pips vs €s 33 pips with UJ at 51 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: mar17 ej 1m 0910.png Size: 46 KB
Trading Levels with WRBs
  • #4,742
  • Mar 17, 2014 5:38am Mar 17, 2014 5:38am
[Quote = salų; 7344473] Štai kitą sūpynės EJ ..... prekyba buvo paskelbtas Rooi siūlas .... Kabelinė pagaliau pradėjo judėti, nors iki šiol jos diapazonas yra tik 26 punktų vs € s 33 punktų su UJ bent 51 punktų .... {image} [/ quote]

what is your SL ?
  • #4,743
  • Mar 17, 2014 6:39am Mar 17, 2014 6:39am
Quoting tomyy13
[Quote = salų; 7344473] Štai kitą sūpynės EJ ..... prekyba buvo paskelbtas Rooi siūlas .... Kabelinė pagaliau pradėjo judėti, nors iki šiol jos diapazonas yra tik 26 punktų vs € s 33 punktų su UJ bent 51 punktų .... {image} [/ quote] what is your SL ?
On MT4, initially, 15.5 hard with mental the other side of the 25 ema
Trading Levels with WRBs
  • #4,744
  • Mar 17, 2014 7:30am Mar 17, 2014 7:30am
Quoting Sober_Colm
{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)...
Absolutely agree - thanks for the tip
  • #4,745
  • Mar 17, 2014 4:06pm Mar 17, 2014 4:06pm
Captain, I am taking my alert from the M5 (ASC) as opposed to M1....

Is this advisable or not?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 59 KB
  • #4,746
  • Mar 18, 2014 1:55am Mar 18, 2014 1:55am
Quoting figgsey
Captain, I am taking my alert from the M5 (ASC) as opposed to M1.... Is this advisable or not? Cheers {image}
GM - both work, so its personal preference
Trading Levels with WRBs
  • #4,747
  • Mar 18, 2014 3:53am Mar 18, 2014 3:53am
Thanks Capt.

Great move on EurJPY started earlier at approx 5.25. GMT. I missed it by the time I had my early coffee! It was already under way and stochs were already at lows (possible over-sell). Did you pirate any pips?
  • #4,748
  • Mar 18, 2014 4:04am Mar 18, 2014 4:04am
Quoting figgsey
Thanks Capt. Great move on EurJPY started earlier at approx 5.25. GMT. I missed it by the time I had my early coffee! It was already under way and stochs were already at lows (possible over-sell). Did you pirate any pips?
Yep, 5m sell signals at 5:25 in EJ, 5:30 in GJ and confirmed at 5:35 by UJ....all whilst I was asleep!

I did get a short later in EJ as posted elsewhere,...now waiting to see IF any of the various BRNs act as support for a buy.....TWT

Watch out for the German ZEW data in an hour....
Attached Image (click to enlarge)
Click to Enlarge Name: mar18 ej 1m 0834.png Size: 37 KB
Trading Levels with WRBs
  • #4,749
  • Mar 18, 2014 4:46am Mar 18, 2014 4:46am
Quoting Islander
{quote} Yep, 5m sell signals at 5:25 in EJ, 5:30 in GJ and confirmed at 5:35 by UJ....all whilst I was asleep! I did get a short later in EJ as posted elsewhere,...now waiting to see IF any of the various BRNs act as support for a buy.....TWT Watch out for the German ZEW data in an hour.... {image}
Nice one, you put Black Beard to shame

Crumbs - you were asleep and not by the pool. Don't tell me that you have some funky EA or bot running you entrust live trades...??
  • #4,750
  • Mar 18, 2014 4:56am Mar 18, 2014 4:56am
One question that I did have for you is which stoch indicator are you using on M1?

Me - the MTF..
  • #4,751
  • Mar 18, 2014 5:18am Mar 18, 2014 5:18am
Quoting figgsey
One question that I did have for you is which stoch indicator are you using on M1? Me - the MTF..
LOL - no, I don't use 'bots or any thingys.......look at the time of that trade.....LO is 9am here

As I posted recently, I changed from ultra stochs as I didn't like the jerkiness to this smoother MTF stoch indy....
Attached File(s)
File Type: ex4 Stoch-MTF.ex4   11 KB | 291 downloads
Trading Levels with WRBs
  • #4,752
  • Mar 18, 2014 5:24am Mar 18, 2014 5:24am
Quoting Islander
{quote} LOL - no, I don't use 'bots or any thingys.......look at the time of that trade.....LO is 9am here As I posted recently, I changed from ultra stochs as I didn't like the jerkiness to this smoother MTF stoch indy.... {file}
Thats my take too regarding Ultra stochs despite playing with params..

Re the MTF stoch... I may need to rebuild this for mt4. I had too last time to upgrade to MT6.00 build. I guess this is somewhere over with the THV folks?
  • #4,753
  • Mar 19, 2014 3:20am Mar 19, 2014 3:20am
Quoting figgsey
{quote} Thats my take too regarding Ultra stochs despite playing with params.. Re the MTF stoch... I may need to rebuild this for mt4. I had too last time to upgrade to MT6.00 build. I guess this is somewhere over with the THV folks?
GM - This indy came from a build 600+ so it should work....

A slow start, then first was a sell that cost me 6 pips and then just had to pop a patience pill and then after LO cable spiked up 20+ pips in a single bar, taking GJ with it.....loads of UK news this morning.....
Attached Image (click to enlarge)
Click to Enlarge Name: mar19 gj 1m 0815.png Size: 33 KB
Trading Levels with WRBs
  • #4,754
  • Mar 19, 2014 3:41am Mar 19, 2014 3:41am
Quoting Islander
{quote} GM - This indy came from a build 600+ so it should work.... A slow start, then first was a sell that cost me 6 pips and then just had to pop a patience pill and then after LO cable spiked up 20+ pips in a single bar, taking GJ with it.....loads of UK news this morning..... {image}
what settings ASCTrend ?
  • #4,755
  • Mar 19, 2014 3:59am Mar 19, 2014 3:59am
Quoting Islander
{quote} GM - This indy came from a build 600+ so it should work.... A slow start, then first was a sell that cost me 6 pips and then just had to pop a patience pill and then after LO cable spiked up 20+ pips in a single bar, taking GJ with it.....loads of UK news this morning..... {image}
Captain, brilliant. Thank you

I was going bonkers trying to modify the other jumpy stochs with my own params.

Your support (for not just for me) but everyone is most appreciated.
  • #4,756
  • Mar 19, 2014 4:09am Mar 19, 2014 4:09am
Quoting Islander
{quote} GM - This indy came from a build 600+ so it should work.... A slow start, then first was a sell that cost me 6 pips and then just had to pop a patience pill and then after LO cable spiked up 20+ pips in a single bar, taking GJ with it.....loads of UK news this morning..... {image}
Yes - lots of GBP crop Bollinger squeezes ahead of news.

I am taking it easy as markets have already factored in news/leaks into prices
  • #4,757
  • Mar 19, 2014 4:09am Mar 19, 2014 4:09am
Quoting tomyy13
{quote} what settings ASCTrend ?
OK - I do not normally reply to such a basic question which I have already answered before, but as this is only your fifth post in FF.....

First, click on anyones name and you can open up a list of their posts......check back a couple of weeks and you will find my answer.

Second, with a little experimentation you can also find the answer.....that way you will learn more about how the indicator works...
Trading Levels with WRBs
  • #4,758
  • Mar 19, 2014 4:13am Mar 19, 2014 4:13am
Quoting figgsey
{quote} Yes - lots of GBP crop Bollinger squeezes ahead of news. I am taking it easy as markets have already factored in news/leaks into prices

Re indy - NP, glad you like the new one

UK data at the bottom of the hour.....could bring some volatility.....TWT
Trading Levels with WRBs
  • #4,759
  • Mar 19, 2014 4:20am Mar 19, 2014 4:20am
Quoting Islander
{quote} OK - I do not normally reply to such a basic question which I have already answered before, but as this is only your fifth post in FF..... First, click on anyones name and you can open up a list of their posts......check back a couple of weeks and you will find my answer. Second, with a little experimentation you can also find the answer.....that way you will learn more about how the indicator works...
Thank you
  • #4,760
  • Mar 19, 2014 4:01pm Mar 19, 2014 4:01pm
Quoting Islander
{quote} Re indy - NP, glad you like the new one UK data at the bottom of the hour.....could bring some volatility.....TWT
Kept me out of trouble for once! Again - sincerest thanks.

My old MM used to make us all watch Rambo movies on some big news days!

Yes - i can see why you opted for this stoch...

Now for a bit of pruning on the indis...
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