Islander and Medici trade the European open | Page 241 | Forex Factory

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Islander and Medici trade the European open

  • #4,801
  • Mar 28, 2014 11:51am Mar 28, 2014 11:51am
Quoting Islander
/continued testing.......stoch setting may change.....WIP.....the 12:49 buy was an 8 / 8 entry {image}
Multiples of 11 seem quite good. Quite like 165,10,18 and 55,12,6

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #4,802
  • Mar 28, 2014 11:59am Mar 28, 2014 11:59am
Quoting guibernaua
{quote} figgsey, hope you donīt mind if I answer you this question. The Tick (Trade) Volume Index, TVI, is the second indicator window (blue and red histogram) Hope this help g
Oh, I see. Thanks, yes I already use the TVI indi. And it is excellent.
  • #4,803
  • Mar 29, 2014 8:56am Mar 29, 2014 8:56am
Hi Islander
Thak you for sharing of your trading ideas
I have some questions:
What is your parameters of S/R indicator and how repainted S/R areas?
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  • #4,804
  • Mar 29, 2014 9:00am Mar 29, 2014 9:00am
another question:
This is a trendline or indicator?
Sorry for my English.
Regards
dan40
Attached Image (click to enlarge)
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  • #4,805
  • Mar 30, 2014 1:50pm Mar 30, 2014 1:50pm
Quoting Islander
{quote} good to know that I'm not the only one looking at this problem
Agreed. But crosses in the 80/20 zones are helpful.
  • #4,806
  • Mar 31, 2014 1:46am Mar 31, 2014 1:46am
Quoting dan4o
Hi Islander Thak you for sharing of your trading ideas I have some questions: What is your parameters of S/R indicator and how repainted S/R areas? {image}
Here's the S&R indicator....put a rectangle on your chart as a S&R zone and change its name to sr-1, sr-2 etc and it will update and change its colour as necessary. It helps to keep a small note of the last number on your chart

The next chart that you posted uses a different indicator that places SR zones automatically...its the third one shown in the File Attachments....
Attached File(s)
File Type: ex4 SR_zones.ex4   3 KB | 338 downloads
Trading Levels with WRBs
  • #4,807
  • Mar 31, 2014 2:55am Mar 31, 2014 2:55am
GM - there was a buy arrow in UJ at 6:03, so I was watching EJ for an entry.....waited until LO as the action in FH was pants.....took partials at Friday's high and had my 2nd TP as shown - missed by < a pip, so SL / exit then placed under the low of that small red high volumed spinning top....

PS: modified chart setup reflects the research carried out last week....also, I will now restrict most of my trades / posts to GU and EJ.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,808
  • Mar 31, 2014 3:27am Mar 31, 2014 3:27am
Quoting Islander
GM - there was a buy arrow in UJ at 6:03, so I was watching EJ for an entry.....waited until LO as the action in FH was pants.....took partials at Friday's high and had my 2nd TP as shown - missed by < a pip, so SL / exit then placed under the low of that small red high volumed spinning top.... PS: modified chart setup reflects the research carried out last week....also, I will now restrict most of my trades / posts to GU and EJ..... {image}
Good start to the week

I find Monday GMT AM tricky to trade
  • #4,809
  • Mar 31, 2014 7:59am Mar 31, 2014 7:59am
In case you trade L Close

http://www.ft.com/cms/s/0/99be70f4-b...teedition=uk#a
  • #4,810
  • Apr 1, 2014 1:40am Apr 1, 2014 1:40am
Quoting figgsey
In case you trade L Close http://www.ft.com/cms/s/0/99be70f4-b...teedition=uk#a
Thanks figgsey - this is getting a lot of press with reports all over the place...
Trading Levels with WRBs
  • #4,811
  • Apr 1, 2014 3:10am Apr 1, 2014 3:10am
Entered at LO.....exits as shown.....I took another buy later....
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Trading Levels with WRBs
  • #4,812
  • Apr 1, 2014 3:32am Apr 1, 2014 3:32am
Quoting Islander
{quote} Thanks figgsey - this is getting a lot of press with reports all over the place...
Yes, it also relates to the 4PM close of LO - the early release of info that enable to big MMs to trade for themselves and not clients
  • #4,813
  • Apr 1, 2014 4:15am Apr 1, 2014 4:15am
All green MAs etc, so keep buying the pull backs and banking after a higher vol WRB when it stalls.....

Now there is negative TVI divergence showing on all three 5m charts, suggesting that its time for a break.....
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Trading Levels with WRBs
  • #4,814
  • Apr 1, 2014 10:25am Apr 1, 2014 10:25am
Patience was the name of the game this afternoon.....buy ~ the alerts and bank ~ levels when the volumes picked up for 12/15 pips a trade.....obviously it would be nice to take the first buy and set a TP a couple of pips below the BRN.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,815
  • Apr 2, 2014 2:21am Apr 2, 2014 2:21am
As I mentioned some time ago I have been looking at UT and whilst waiting for trades in GU or EJ I take to odd small trade there....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,816
  • Apr 2, 2014 7:37am Apr 2, 2014 7:37am
Charts and posts will be simpler from now on......the reasing behind entries and exits has been posted many times......
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,817
  • Apr 2, 2014 8:06am Apr 2, 2014 8:06am
Quoting Islander
Charts and posts will be simpler from now on......the reasing behind entries and exits has been posted many times...... {image}
Hi Islander:

Thanks for your charts and information. It has helped me a lot in my trading (really)!

You mentioned before that you have a max SL of 15 (?) pips.

Could you tell me how you managed the SL in this trade? Also I noticed you got rid of the 3 pip 25MA band.

Thanks a lot my friend!

g
  • #4,818
  • Apr 2, 2014 8:37am Apr 2, 2014 8:37am
Quoting guibernaua
{quote} Hi Islander: Thanks for your charts and information. It has helped me a lot in my trading (really)! You mentioned before that you have a max SL of 15 (?) pips. Could you tell me how you managed the SL in this trade? Also I noticed you got rid of the 3 pip 25MA band. Thanks a lot my friend! g
NP - here talking MT4 - I started with 15.5 pips and then when price fell I moved the SL 5 pips behind (the other side of) the 25 EMA as this is a hard (emergency) SL.

In the 12:29 candle as price started to accelerate down, I changed it to a 2 pip SL and then a 1.5 SL thus changing the SL into an EXIT STOP and followed price down as it approached that green S&R level and that closed the trade - I find this is often better as it avoids the problem of getting a requote.

I put a lot of extra's on my charts to help show other traders as many options as possible and the 3 pip band was a visual reminder to enter trades as close to the 25EMA as possible. Now I am decluttering and concentrating more on my own trading which always suffers when I get too complicated!

PS there was another sell after that small pull back that gave a similar ammount of pips
Trading Levels with WRBs
  • #4,819
  • Apr 2, 2014 9:56am Apr 2, 2014 9:56am
Yep its been a day for patience alight. Slow for me but provided an opportunity to experiment with indi settings. I am trying to avoid research new indis and simply master what I have already albeit customised...
  • #4,820
  • Apr 2, 2014 10:00am Apr 2, 2014 10:00am
Quoting Islander
Charts and posts will be simpler from now on......the reasing behind entries and exits has been posted many times...... {image}

I like it.Your 25 EMA is great tool for short term moves
We miss 100% of the shots we don't take
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