Islander and Medici trade the European open | Page 250 | Forex Factory

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Islander and Medici trade the European open

  • #4,981
  • Sep 18, 2014 6:12am Sep 18, 2014 6:12am
Quoting Islander
and here's a 2m chart..... {image}
is period converter repaints sir islander?
  • #4,982
  • Sep 18, 2014 9:23am Sep 18, 2014 9:23am
Quoting faststare08
{quote} is period converter repaints sir islander?
No, the Period Converter is just a script that allows us to tell it to save the 1m data into a file of any multiple of 1m.....so 2m, 3m, 4m etc

You then have to click on File and go to the Open Offline option where you will find the file with your "converted" data - click on it to open your 2m / 3m / 4m chart and add your template / indicators and then it will act like a normal chart.

Be careful NOT to close the script that is running on your 1m chart or your modified TF chart will stop updating!
Trading Levels with WRBs
  • #4,983
  • Sep 18, 2014 9:27am Sep 18, 2014 9:27am
Here's a 3m chart.....I just closed some longs at the R3 / fib expn confluence...
Attached Image (click to enlarge)
Click to Enlarge Name: sep18 dax 3m 1424.png Size: 51 KB
Trading Levels with WRBs
  • #4,984
  • Sep 20, 2014 1:39am Sep 20, 2014 1:39am
Quoting Islander
{quote} No, the Period Converter is just a script that allows us to tell it to save the 1m data into a file of any multiple of 1m.....so 2m, 3m, 4m etc You then have to click on File and go to the Open Offline option where you will find the file with your "converted" data - click on it to open your 2m / 3m / 4m chart and add your template / indicators and then it will act like a normal chart. Be careful NOT to close the script that is running on your 1m chart or your modified TF chart will stop updating!
thanks for the info sir.
  • #4,985
  • Sep 22, 2014 9:40am Sep 22, 2014 9:40am
Fibs continue to show the way.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep22 dax 5m 60m 1405.png Size: 154 KB
Trading Levels with WRBs
  • #4,986
  • Sep 22, 2014 10:44am Sep 22, 2014 10:44am
and using expansions off the ID range....a nice confluence with the Keltner Channels and KW's target projection....
Attached Image (click to enlarge)
Click to Enlarge Name: sep22 dax 3m clse.png Size: 55 KB
Trading Levels with WRBs
  • #4,987
  • Sep 22, 2014 2:45pm Sep 22, 2014 2:45pm
Quoting Islander
Fibs continue to show the way..... {image}
ever looked at robert krausz's high probability fib analysis? - based on price getting to certain fib zones based on the relationship between the zone that price closed in the previous session and the zone at which it opened in the current?.

doc
  • #4,988
  • Sep 23, 2014 1:29am Sep 23, 2014 1:29am
Quoting Dr.Scalpall
{quote} ever looked at robert krausz's high probability fib analysis? - based on price getting to certain fib zones based on the relationship between the zone that price closed in the previous session and the zone at which it opened in the current?. doc
Hi Dr S thanks for reminding me - I did look at his work several years ago when I was running my urns, especially when thFibs thread. I also looked at BBMac's use of the internal fibs to plot potential targets.

Currently, as you can see, fibs pulled off the most recent moves in two or three TFs do rather well in picking out turns......all input welcome
Trading Levels with WRBs
  • #4,989
  • Sep 23, 2014 3:04am Sep 23, 2014 3:04am
First fib over yesterday's range and the second over this morning's early range.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep23 dax 1m 0800.png Size: 42 KB
Trading Levels with WRBs
  • #4,990
  • Sep 23, 2014 3:32am Sep 23, 2014 3:32am
Nice post about using Fibo tool, Captain.
I like using Fibo too.
Trading DAX is also very useful as well as HTF forex(50% is the best level I like to TP).
  • #4,991
  • Sep 23, 2014 4:15am Sep 23, 2014 4:15am
Quoting xiaoxin
Nice post about using Fibo tool, Captain. I like using Fibo too. Trading DAX is also very useful as well as HTF forex(50% is the best level I like to TP).

Agreed.....now I'm looking for the 50% on the 1m chart

NB See how there were 2 expansions in play on the 5m chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep23 dax 1m 5m 0913.png Size: 166 KB
Trading Levels with WRBs
  • #4,992
  • Sep 24, 2014 7:29am Sep 24, 2014 7:29am
Here's the zig-zag with the price box on the Hs / Ls. These often overlap when price makes several slightly higher Hs or lower Ls, so just open the indy as if to edit it and close it again. This will force it to redraw and thus elimate the overlapping price boxes.
Attached File(s)
File Type: ex4 ZigZag_wLabel.ex4   9 KB | 310 downloads
Trading Levels with WRBs
  • #4,993
  • Sep 24, 2014 11:13am Sep 24, 2014 11:13am
Three 5m charts of today's action.....fibs were redrawn around the latest action and the action inside the DZ and how price EXITED the DZ showed the way

Later, just watch the 1m chart, each leg up was ~30 pips, so bank some and buy again in the green ribbon......simples
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sep24 dax 5m 0638.png Size: 46 KB
Click to Enlarge Name: sep24 dax 5m 1240.png Size: 56 KB
Click to Enlarge Name: sep24 dax 5m 1m cls.png Size: 184 KB
Trading Levels with WRBs
  • #4,994
  • Sep 26, 2014 4:05am Sep 26, 2014 4:05am
Here, thanks to 2be, is a neat little indy that shows the closing level with an upper and lower level - all adiustable. Given the importance of the close at 5pm in NY - it is the third input for the Daily Pivot calculations - this is very useful, especially when monitoring several contracts - currently for me, that's the Dax, Dow, FTSE & SPX.

Change the "useopen" option to false for Dax Cfds etc, set the "pips" to whatever width you want and customise lines as you wish.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep26 dax 1m plain 0856.png Size: 28 KB
Attached File(s)
File Type: ex4 Zone Close Lines v0.03.ex4   10 KB | 284 downloads
Trading Levels with WRBs
  • #4,995
  • Sep 26, 2014 5:59am Sep 26, 2014 5:59am
The lines helped confirm the direction.....up
Attached Image (click to enlarge)
Click to Enlarge Name: sep26 dax 1m 1056.png Size: 37 KB
Trading Levels with WRBs
  • #4,996
  • Sep 26, 2014 12:54pm Sep 26, 2014 12:54pm
Islander,
any chance you could repost the TVI v2 indi, the versions on here are not working for me on current MT4.

Cheers
Doc.
  • #4,997
  • Sep 27, 2014 1:06am Sep 27, 2014 1:06am
Quoting Dr.Scalpall
Islander, any chance you could repost the TVI v2 indi, the versions on here are not working for me on current MT4. Cheers Doc.
No problem Doc - here's the one that's on my current charts
Best
Islander
Attached File(s)
File Type: ex4 TVI_v2.ex4   9 KB | 281 downloads
Trading Levels with WRBs
  • #4,998
  • Sep 27, 2014 1:27am Sep 27, 2014 1:27am
Quoting Islander
{quote} No problem Doc - here's the one that's on my current charts Best Islander {file}
cheers mate - thats better .
  • #4,999
  • Oct 1, 2014 3:10pm Oct 1, 2014 3:10pm
Dax has been paying nicely the last couple of weeks. Premature entry at the pump just after 8.00am (30 pip drawdown!) but left to run the course for the day, exit 105 .
Attached Image (click to enlarge)
Click to Enlarge Name: de30011014.png Size: 88 KB
  • #5,000
  • Oct 2, 2014 1:52am Oct 2, 2014 1:52am
Quoting Dr.Scalpall
Dax has been paying nicely the last couple of weeks. Premature entry at the pump just after 8.00am (30 pip drawdown!) but left to run the course for the day, exit 105 . {image}

Agreed - nice trade too

Now I trade Dax until the NYSE Open when I switch to the Dow - yesterday its falls where ~2 X those of Dax
Trading Levels with WRBs
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