Islander, thank you for the great journal here! Really love it 
What is that pivot indicator and yesterday high/low you have there?
Thanks
What is that pivot indicator and yesterday high/low you have there?
Thanks
Islander and Medici trade the European open
- #4,962
- Aug 14, 2014 8:22am Aug 14, 2014 8:22am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Islander, thank you for the great journal here! Really love it
Click on the blue paperclip (now its showing 1,525).....its on the second page of the file attachments....SDX-TzPivots.....activating yesterday's H/L is an option in its pop up box....
Trading Levels with WRBs
- #4,964
- Aug 15, 2014 6:38am Aug 15, 2014 6:38am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Thanks buddy
You're welcome.....I closed my first trade on that line this morning.....got two more before I went out. Came back to see that projection that I posted earlier had been hit and I guess some in the DAX thread got some points there.....now for the afternoon session.....
PS: now looking to see IF the 38% retrace & R1 hold as support......TWT
Trading Levels with WRBs
- #4,965
- Aug 15, 2014 12:50pm Aug 15, 2014 12:50pm
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} You're welcome.....I closed my first trade on that line this morning.....got two more before I went out. Came back to see that projection that I posted earlier had been hit and I guess some in the DAX thread got some points there.....now for the afternoon session..... PS: now looking to see IF the 38% retrace & R1 hold as support......TWT {image}
.......a VERY profitable afternoon 
Trading Levels with WRBs
- #4,966
- Aug 18, 2014 3:44pm Aug 18, 2014 3:44pm
- | Joined Jun 2009 | Status: Patients needed! | 201 Posts
{quote}...............- further comments in the DAX thread.....are you trading it too?......right now its sooooooo much beter than FX
.
- #4,967
- Edited 2:36am Aug 19, 2014 1:30am | Edited 2:36am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Convert!!!! gave it a good caning this am.
Edit: great trading ~the pivots....buy PBs and bank ~ pivots.....R1, MR2 & R2 .....
Edit2: chart added....now "sit on hands time"....more coffee needed....
Trading Levels with WRBs
- #4,968
- Aug 19, 2014 3:59pm Aug 19, 2014 3:59pm
- | Joined Jun 2009 | Status: Patients needed! | 201 Posts
{quote} Excellent - this morning I bought the first small pull back to ~ the open level, looking for ~20 ~the R 1 level.....I don't expect too much before the opens of the Xetra & London.... Edit: great trading ~the pivots....buy PBs and bank ~ pivots.....R1, MR2 & R2 .....
.
- #4,969
- Aug 21, 2014 3:09am Aug 21, 2014 3:09am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
and another great early session in the DAX.....sell the rumour into the better than expected news at 7:30.....loads of points on offer and I pirated a good few of them, selling early and then buying the news..... .....I hope others were with me.....
.....I hope others were with me.....
Trading Levels with WRBs
- #4,970
- Edited 2:09am Aug 22, 2014 1:53am | Edited 2:09am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
KOs MLs are great ....with / without wicks to creat a band and multiple set-ups like Carolyn Boroden for synchronicity targets....
PS sold Extra open / MR 1 looking for DP.....
....with / without wicks to creat a band and multiple set-ups like Carolyn Boroden for synchronicity targets....PS sold Extra open / MR 1 looking for DP.....
Trading Levels with WRBs
- #4,971
- Aug 30, 2014 6:08am Aug 30, 2014 6:08am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
My work in progress on the DAX continues and 2be has recently reminded me to use Fibonacci retracement and Expansions......given that I am a student of Robert Miner and thus Carolyn Boroden and have spent time with both, this was a welcome prompt.
I guess it should not be surprising that Fibs are so useful, given that the DAX makes structured moves around well known levels
Yesterday afternoon was classic - and although I mentioned the pick up in volume on the DAX thread, I didn't make the best use of that info....
The (tick) volume - aka activity - increased from 13:40 gmt as price was heavily sold down another 80 pts from the 9450 level breaking Thursday's low and doubtless triggering loads of sell orders under that level.......just what the Big Dogs needed to fill their own BUY orders! I was onboard south, although I wasn't looking at the fibs shown on these charts and so banked ~ 9390 and shut up shop for the week......
That was some fake-out!
Both the 1m & 5m charts signalled the turn - from RM quote: " WhenProjected Time, Price and Pattern Coincide, Change becomes Inevitable".....and so there was another 100+ on offer into the close of the Xetra.......it was a costly swim and early Sundowner!
I guess it should not be surprising that Fibs are so useful, given that the DAX makes structured moves around well known levels
Yesterday afternoon was classic - and although I mentioned the pick up in volume on the DAX thread, I didn't make the best use of that info....
The (tick) volume - aka activity - increased from 13:40 gmt as price was heavily sold down another 80 pts from the 9450 level breaking Thursday's low and doubtless triggering loads of sell orders under that level.......just what the Big Dogs needed to fill their own BUY orders! I was onboard south, although I wasn't looking at the fibs shown on these charts and so banked ~ 9390 and shut up shop for the week......
That was some fake-out!
Both the 1m & 5m charts signalled the turn - from RM quote: " WhenProjected Time, Price and Pattern Coincide, Change becomes Inevitable".....and so there was another 100+ on offer into the close of the Xetra.......it was a costly swim and early Sundowner!
Trading Levels with WRBs
- #4,972
- Sep 10, 2014 9:29am Sep 10, 2014 9:29am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
The DAX is a great structured index to trade for us Europeans. Here I am using the Three Level Samafore indicator as an alert - remember this is fib based and so this is taking me back to work that I did several years ago with Bobokus and it also has overtones of Carolyn Boroden's work
Once a new numbered disc pops up, I drop to the 1m TF and look for an entry and if taken, I'll then pull a new fib and look for targets....
Once a new numbered disc pops up, I drop to the 1m TF and look for an entry and if taken, I'll then pull a new fib and look for targets....
Trading Levels with WRBs
- #4,973
- Sep 10, 2014 11:15am Sep 10, 2014 11:15am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
The DAX is a great structured index to trade for us Europeans. Here I am using the Three Level Samafore indicator as an alert - remember this is fib based and so this is taking me back to work that I did several years ago with Bobokus and it also has overtones of Carolyn Boroden's work
like this
Trading Levels with WRBs
- #4,974
- Sep 12, 2014 1:42am Sep 12, 2014 1:42am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
GM - continuing with the use of the 3 Semafore indy - remember that it is continually updating 3 different sets of fibs as the market triggers the appropriate levels.
So here I have pulled a fib from the HL 2 to the high at the next 2 to show me the next potential targets via the fib expansions......and the high so far this morning is exactly a the second expansion where there is now a new 3....... 48 pts up from the pull back into the Decision Zone (38% - 61%)
So here I have pulled a fib from the HL 2 to the high at the next 2 to show me the next potential targets via the fib expansions......and the high so far this morning is exactly a the second expansion where there is now a new 3....... 48 pts up from the pull back into the Decision Zone (38% - 61%)
Trading Levels with WRBs
- #4,975
- Sep 12, 2014 1:56am Sep 12, 2014 1:56am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
So having hit a typical expansion, I now pull a new fib to show the retraces of this latest move.
As I trade intra day, I was not holding long overnight - and given the situation in Ukraine I would not want to - so I sold after the expansion high and later reversed to long at the BRN / top of the DZ = 38% retrace and I now have fib levels to help my trading decisions.....both up and down
I do have a SL at +1 as the action before XO is not reliable.....
PS Compare the dashboard - top right corner - the the chart I posted a couple of days ago
As I trade intra day, I was not holding long overnight - and given the situation in Ukraine I would not want to - so I sold after the expansion high and later reversed to long at the BRN / top of the DZ = 38% retrace and I now have fib levels to help my trading decisions.....both up and down
I do have a SL at +1 as the action before XO is not reliable.....
PS Compare the dashboard - top right corner - the the chart I posted a couple of days ago
Trading Levels with WRBs
- #4,976
- Sep 12, 2014 2:55am Sep 12, 2014 2:55am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
So as soon as Xetra opened price sold off, hit the DP and that gave levels for a new fib which was followed by a retrace into the DZ for a sell.....
Trading Levels with WRBs
- #4,977
- Sep 12, 2014 9:21am Sep 12, 2014 9:21am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Using a line chart makes it easier to see these moves - a retracement into the DZ / DP and then sell and wait for the Expansions to come into play around a 60 point fall
Maybe some more downside later - but my pool is calling, so that's my week finished
Maybe some more downside later - but my pool is calling, so that's my week finished
Trading Levels with WRBs
- #4,978
- Sep 15, 2014 3:26am Sep 15, 2014 3:26am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
GM - a big gap down hit the fib expansions from Friday. XO brought buying, so pull a new fib over todays range at that time and wait to see IF the MS 1 / **25 confluence hild or broke.....it held, so another buy looking for the DP / fib expansions and bank a few more
Time for some boating.....
Time for some boating.....
Trading Levels with WRBs
- #4,979
- Sep 16, 2014 3:43am Sep 16, 2014 3:43am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Another well structured morning - the trend is down, so keep selling the retracements and bank at the confluence of the fib expansions and pivot levels.....it helps to zoom in on the action via a lower TF chart.....I have 3m, 2m and 1m available....standard MT4 via the Period Converter script
PS I haven't added the 4th sell....again, its quite obvious.....and new we have a Yellow 3 - i.e. a third level expansion.....
PS I haven't added the 4th sell....again, its quite obvious.....and new we have a Yellow 3 - i.e. a third level expansion.....
Trading Levels with WRBs
- #4,980
- Sep 16, 2014 3:51am Sep 16, 2014 3:51am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs