Islander and Medici trade the European open | Page 245 | Forex Factory

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Islander and Medici trade the European open

  • #4,881
  • Edited 10:40am Jun 4, 2014 4:08am | Edited 10:40am
Three main trades giving ~140 pips so my daily quota's already banked....

Just trade off The Levels as we have been doing here for more than four years....

Edit: and the afternoon session was a rinse and repeat for ~115 pips in an hour after a large pull back that went under the earlier lows ......banked another daily quota....
Attached Image (click to enlarge)
Click to Enlarge Name: jne4 ut 1m 0904.png Size: 47 KB
Trading Levels with WRBs
  • #4,882
  • Jun 4, 2014 12:58pm Jun 4, 2014 12:58pm
Very nice

Also I have been looking further into the old Turk (USDTRY). Its certainly consistently good for intra day moves.

I am trying to spot some other minors..

Have you settled now on the M1/M5 EMAs as follows:
M1 - 25/100
M5 - 15/50
....

Ta
  • #4,883
  • Edited 1:54am Jun 5, 2014 1:19am | Edited 1:54am
Quoting figgsey
Very nice Also I have been looking further into the old Turk (USDTRY). Its certainly consistently good for intra day moves. I am trying to spot some other minors.. Have you settled now on the M1/M5 EMAs as follows: M1 - 25/100 M5 - 15/50 .... Ta
Thanks and yes, I have settled on those EMAs - not that I use them so much on UsdTry.....now I have just bought the retest of yesterday's low / 50% retrace

Edit: and added on the spike under the BRN / S1.....
Trading Levels with WRBs
  • #4,884
  • Jun 5, 2014 3:25pm Jun 5, 2014 3:25pm
As for me...

- I have removed the Alien tech (indis) from my charts. My problem was reading them against the M5 time frame. Just couldn't work through.
- The TVI ind cross over of 0 is real important of course
- Jury is out still with re the Genesis matrix..
  • #4,885
  • Jun 6, 2014 1:21am Jun 6, 2014 1:21am
Quoting figgsey
As for me... - I have removed the Alien tech (indis) from my charts. My problem was reading them against the M5 time frame. Just couldn't work through. - The TVI ind cross over of 0 is real important of course - Jury is out still with re the Genesis matrix..
For me, the ASCTrendAlert and the TVI on the TF that you trade off are the only two parts of Genesis that you need as you can easily use them in your trading rules.......any more indicators just confuse and delay your decisions.....
Trading Levels with WRBs
  • #4,886
  • Jun 6, 2014 2:09am Jun 6, 2014 2:09am
hi islander, how do you draw your levels? can you describe your trading decisions?
  • #4,887
  • Jun 6, 2014 4:17am Jun 6, 2014 4:17am
Quoting makreel
hi islander, how do you draw your levels? can you describe your trading decisions?

Over the past few months I have repeatedly posted this information, so just move your cursor close to my name and click on the number of posts - currently 8,283. That will allow you easily back track and IF you are REALLY interested, you can copy and paste and make up your own document for easy reference.

Regards
Trading Levels with WRBs
  • #4,888
  • Jun 9, 2014 2:49am Jun 9, 2014 2:49am
Quoting Islander
{quote} For me, the ASCTrendAlert and the TVI on the TF that you trade off are the only two parts of Genesis that you need as you can easily use them in your trading rules.......any more indicators just confuse and delay your decisions.....
Absolutely, have a good start to the week. To help with this, I can share an excellent pirate joke ...?
  • #4,889
  • Jun 9, 2014 5:51am Jun 9, 2014 5:51am
Quoting figgsey
{quote} Absolutely, have a good start to the week. To help with this, I can share an excellent pirate joke ...?
share away......here's one from me......always put the plug in your new toy before going to sea and don't forget your wellies
Attached Image (click to enlarge)
Click to Enlarge Name: Sinking on P1Jne 8.jpg Size: 82 KB
Trading Levels with WRBs
  • #4,890
  • Jun 9, 2014 1:03pm Jun 9, 2014 1:03pm
Bummer

Ha, this remind me of my chum who was buiding his own ocean class boat. It was made of concrete but when the epoxy/resin stuff gave way it leaked and he had to hire a crane at mariner.

Q: What do you call an unhappy pirate??
  • #4,891
  • Jun 10, 2014 8:12am Jun 10, 2014 8:12am
Quoting figgsey
Bummer Ha, this remind me of my chum who was buiding his own ocean class boat. It was made of concrete but when the epoxy/resin stuff gave way it leaked and he had to hire a crane at mariner. Q: What do you call an unhappy pirate??
Sad Roger.....because he's lost his flag......
Attached Image
Trading Levels with WRBs
  • #4,892
  • Jun 10, 2014 3:14pm Jun 10, 2014 3:14pm
Good try!

A: A pirate with a small chest an no booty!

Boom, boom
  • #4,893
  • Jun 11, 2014 2:22am Jun 11, 2014 2:22am
Quoting figgsey
Good try! A: A pirate with a small chest an no booty! Boom, boom

LOL

Busy with boat stuff, so banking a quick ~60 pips and off to the yard.....
Attached Image (click to enlarge)
Click to Enlarge Name: jne11 ut 1m 0716.png Size: 30 KB
Trading Levels with WRBs
  • #4,894
  • Jun 12, 2014 7:57am Jun 12, 2014 7:57am
Quoting Islander
{quote} LOL Busy with boat stuff, so banking a quick ~60 pips and off to the yard..... {image}
How is the boat?
  • #4,895
  • Jun 13, 2014 4:15am Jun 13, 2014 4:15am
With UsdTry I am finding that less on my charts leads to easier pips......and as UT has good swings picking the actual tops or bottoms is not so important.....
Attached Image (click to enlarge)
Click to Enlarge Name: jne13 ut 1m 0910.png Size: 40 KB
Trading Levels with WRBs
  • #4,896
  • Jun 15, 2014 7:55am Jun 15, 2014 7:55am
Me too. The fewer indies the better. But its tricky... you don't want to lose some good old friends.
  • #4,897
  • Jun 15, 2014 8:00am Jun 15, 2014 8:00am
Also your screen, with the trend line reminds me... I have been looking for an indie that is able to calc the gradient. When you look back at charts its always easy to see the break through with a nice manual trend line. Nice and steep. Now if I can automate this....some tool must exist. I am still looking.
  • #4,898
  • Jun 16, 2014 3:46am Jun 16, 2014 3:46am
Quoting figgsey
Also your screen, with the trend line reminds me... I have been looking for an indie that is able to calc the gradient. When you look back at charts its always easy to see the break through with a nice manual trend line. Nice and steep. Now if I can automate this....some tool must exist. I am still looking.
For years I have been using the Gann Angle tool to compare the angles of trend lines......note that it is TF specific, so GA +52 on the 5m chart (this morning's 5m UT rally) is GA +144 on the 15m chart......
Trading Levels with WRBs
  • #4,899
  • Jun 16, 2014 9:23am Jun 16, 2014 9:23am
and here's a chart with some GAs.....just closed my last trade - a KISS entry - sell ~ the equal high and bank at the equal low.....of course, it helps when the equal high is at an S&R level on my higher TF charts and the equal low is at the 50% retrace and MR2
Attached Image (click to enlarge)
Click to Enlarge Name: jne16 ut 5m 1415.png Size: 32 KB
Trading Levels with WRBs
  • #4,900
  • Edited 1:59am Jun 17, 2014 1:40am | Edited 1:59am
GM - I sold the LH in UT at FO, so at 2.1450.......its now running down in a GA -24 channel and I'm looking first for ~50 pips at the close / open level.....chart later....

Edit: partials at first target for +50 and again at my next target the 38% retrace for ~+75.....remainder looking for the 50% at 2.1334 - IF it can break under the DP level....
Trading Levels with WRBs
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