Islander and Medici trade the European open | Page 246 | Forex Factory

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Islander and Medici trade the European open

  • #4,901
  • Jun 17, 2014 4:07am Jun 17, 2014 4:07am
Quoting Islander
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....

I took another sell ~ 1382 and later noticed the high volumed hammer off the **50 SS and so I closed all for +ve pips and have finished for this morning....this confluence ~the DP is looking like good support......for now....
Attached Image (click to enlarge)
Click to Enlarge Name: jne17 ut 5m 0900.png Size: 26 KB
Trading Levels with WRBs
  • #4,902
  • Jun 17, 2014 8:41am Jun 17, 2014 8:41am
Volatility is great.....as long as you are on the correct side

As posted elsewhere, the first buy was on a limit order at a confluence of fibs / S&R / pivots.....the second on a HL and the third on the break > DP / earlier S&R......I'm now waiting to see IF UT has a run towards its April High ~50 pips above the high so far.....
Attached Image (click to enlarge)
Click to Enlarge Name: jne17 ut 1m nyo 2.png Size: 28 KB
Trading Levels with WRBs
  • #4,903
  • Jun 17, 2014 10:02am Jun 17, 2014 10:02am
Quoting Islander
Volatility is great.....as long as you are on the correct side As posted elsewhere, the first buy was on a limit order at a confluence of fibs / S&R / pivots.....the second on a HL and the third on the break > DP / earlier S&R......I'm now waiting to see IF UT has a run towards its April High ~50 pips above the high so far..... {image}

Nice trading captain and I must say that I prefer your charts like this much more.

Keep up the good working beating the beast
We miss 100% of the shots we don't take
  • #4,904
  • Jun 17, 2014 1:56pm Jun 17, 2014 1:56pm
Quoting Islander
Volatility is great.....as long as you are on the correct side As posted elsewhere, the first buy was on a limit order at a confluence of fibs / S&R / pivots.....the second on a HL and the third on the break > DP / earlier S&R......I'm now waiting to see IF UT has a run towards its April High ~50 pips above the high so far..... {image}
Nicely done Sir, UK inflation news was interesting today.
  • #4,905
  • Jun 17, 2014 1:58pm Jun 17, 2014 1:58pm
Quoting Islander
{quote} I took another sell ~ 1382 and later noticed the high volumed hammer off the **50 SS and so I closed all for +ve pips and have finished for this morning....this confluence ~the DP is looking like good support......for now.... {image}
Are you doing what I do by manually drawing those trend lines?

There must be some automation indi out there to make the entry more objective.

Breakouts can be faked etc...

Hmmm
  • #4,906
  • Jun 18, 2014 1:16am Jun 18, 2014 1:16am
Quoting Rooi
{quote} Nice trading captain and I must say that I prefer your charts like this much more. Keep up the good working beating the beast

GM and thanks Rooi, I'm liking these cleaner charts too. Actually, they are the same as I used ~5 years ago in my old Naked thread!

There's some good input from Scotty and others in his UsdTry thread which helps too
Trading Levels with WRBs
  • #4,907
  • Edited 2:02am Jun 18, 2014 1:18am | Edited 2:02am
Quoting figgsey
{quote} Are you doing what I do by manually drawing those trend lines? There must be some automation indi out there to make the entry more objective. Breakouts can be faked etc... Hmmm
Yes, I draw the lines manually and I like doing that as it helps me to focus on the candles.....I also place them on the hourly and four hourly charts....thus I will have not only these trend lines / channels but also levels from S&R, pivots, fibs etc, plus volume and time all of which make a more objective entry or exit

Edit: all of the above just helped me to close my sell - posted elsewhere - for ~ 30 pips at a confluence of levels and time
Trading Levels with WRBs
  • #4,908
  • Jun 19, 2014 4:50am Jun 19, 2014 4:50am
Three buys this morning during UT's consolidation......accumulation? ......old chart set up, so no, I have NOT moved back to this cluttered chart!
Attached Image (click to enlarge)
Click to Enlarge Name: jne19 ut 5m 1m 0929.png Size: 161 KB
Trading Levels with WRBs
  • #4,909
  • Jun 19, 2014 5:14am Jun 19, 2014 5:14am
Quoting Islander
{quote} GM and thanks Rooi, I'm liking these cleaner charts too. Actually, they are the same as I used ~5 years ago in my old Naked thread! There's some good input from Scotty and others in his UsdTry thread which helps too

You were naked on a thread 5 years ago?

Only joking - Naked is better

I have my hands overly full as the moment so might look into it in the new year.

All the best

Rooi
We miss 100% of the shots we don't take
  • #4,910
  • Jun 19, 2014 5:40am Jun 19, 2014 5:40am
Quoting Rooi
{quote} You were naked on a thread 5 years ago? Only joking - Naked is better I have my hands overly full as the moment so might look into it in the new year. All the best Rooi
LOL - its a Yachtie thing man back from the days when a 100 gallons of fresh water had to last for weeks......unless it rained!
Trading Levels with WRBs
  • #4,911
  • Jun 19, 2014 8:33am Jun 19, 2014 8:33am
Quoting figgsey
{quote} How is the boat?
The one that I skipper is fine, now cleaned and re-antifouled etc and we are working it up for this summer season.

That other one - which was 2 day's old! - has been lifted on a barge and taken away - IMO its scrap.

Here's the final polishing before I re-launched yesterday.....
Attached Image (click to enlarge)
Click to Enlarge Name: DSCF0781.JPG Size: 143 KB
Trading Levels with WRBs
  • #4,912
  • Jun 21, 2014 3:24pm Jun 21, 2014 3:24pm
Magnificent.

She is beautiful.

How many feet long/class? just wondering
  • #4,913
  • Jun 23, 2014 3:33am Jun 23, 2014 3:33am
Quoting figgsey
Magnificent. She is beautiful. How many feet long/class? just wondering
70ft / 22m with 2 x 1050 hp Caterpillar main engines and a 20Kw generator and a 15ft rib with a 50hp outboard. Sleeps 8 in 4 cabins + 2 crew. Max speed 30 knots, cruise up to 26 knots. Full marine electronics, air con, sat TV, water maker etc etc.....a very nice rich man's "home afloat"....

PS Bought UT's retest of Friday's low......+51 as I type....
Trading Levels with WRBs
  • #4,914
  • Jun 23, 2014 4:11am Jun 23, 2014 4:11am
Quoting Islander
{quote} 70ft / 22m with 2 x 1050 hp Caterpillar main engines and a 20Kw generator and a 15ft rib with a 50hp outboard. Sleeps 8 in 4 cabins + 2 crew. Max speed 30 knots, cruise up to 26 knots. Full marine electronics, air con, sat TV, water maker etc etc.....a very nice rich man's "home afloat".... PS Bought UT's retest of Friday's low......+51 as I type....
Took partials of +65 and I'm finished for this morning....
Attached Image (click to enlarge)
Click to Enlarge Name: jnee23 ut 1m 0908.png Size: 54 KB
Trading Levels with WRBs
  • #4,915
  • Jun 25, 2014 3:32am Jun 25, 2014 3:32am
A small HH in mid FH was IMO a fakeout and it became a 60m doji.....I sold the 1m LH and banked after the hit on the fib 38 retrace as this is against the trend on the higher TFs. Given the Repo Rate reduction of 75 bps yesterday, I agree with Scotty's prediction of higher prices to come as the Lira weakens, so I am scaling in buys....
Attached Image (click to enlarge)
Click to Enlarge Name: jne 25 ut 5m 1m 0826.png Size: 137 KB
Trading Levels with WRBs
  • #4,916
  • Jul 1, 2014 3:25am Jul 1, 2014 3:25am
I've been out of action for a little while. A little like your boat captain.

So how is life? Any interesting developments on the objective approach, research etc..?
  • #4,917
  • Jul 16, 2014 2:36am Jul 16, 2014 2:36am
Quoting figgsey
I've been out of action for a little while. A little like your boat captain. So how is life? Any interesting developments on the objective approach, research etc..?

Fine thanks, very busy with nautical matters - a good job as the volatility in FX sucks......in fact, I'm back looking at the indicies, mainly the DAX as it fits in with my summer schedule. All of my recent methodology can be used as you can see......just look at that fib retrace yesterday afternoon.....

This morning I bought at LO......look at the 1m chart with pivots and you'll see what a clear buy signal was shown ....I banked a quick 20+ and have finished for this morning
Attached Image (click to enlarge)
Click to Enlarge Name: jly16 dax 5m lo.png Size: 50 KB
Trading Levels with WRBs
  • #4,918
  • Jul 17, 2014 1:13am Jul 17, 2014 1:13am
This is how the Dax finished yesterday......with a 142 pt range and both the high and low of that move at fib retraces.....

This morning I sold at the open and banked as the DP / **25 SS held......now coffee and waiting for London....
Attached Image (click to enlarge)
Click to Enlarge Name: jly16 dax 15m cls.png Size: 53 KB
Trading Levels with WRBs
  • #4,919
  • Jul 22, 2014 11:13am Jul 22, 2014 11:13am
Two hours this morning and another two this afternoon gave me these three trades, each for ~25 pts, nice relaxed summer trading....
Attached Image (click to enlarge)
Click to Enlarge Name: jly22 dax 5m 1600.png Size: 48 KB
Trading Levels with WRBs
  • #4,920
  • Jul 23, 2014 5:57am Jul 23, 2014 5:57am
Quoting Islander
Two hours this morning and another two this afternoon gave me these three trades, each for ~25 pts, nice relaxed summer trading.... {image}
Hi Islander,
Great thread and your skills are excellent

I have a question for the second trade - why do you sell in this place? Wicks ? Close gap ? Feeling the market ?

Wish you a lot of pips
RevarK
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