Islander and Medici trade the European open | Page 262 | Forex Factory

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Islander and Medici trade the European open

  • #5,221
  • Nov 11, 2015 1:59am Nov 11, 2015 1:59am
I have recently been posting 15 Seconds charts of the Dax - see below - and Deltaone's Carpe diem thread

To do this I have been using a Period Converter Indicator developed by these people: http://www.forexfactory.com/showthre...11#post8582011

The coloured Vertical Lines show the time of Buy / Sell Entries
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,222
  • Nov 11, 2015 2:24am Nov 11, 2015 2:24am
Good morning! Very similar to my charts...
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  • #5,223
  • Nov 11, 2015 2:30am Nov 11, 2015 2:30am
Quoting medici
Good morning! Very similar to my charts... {image}

Wow - M, great to see you - I miss your posts / charts. Mine are now in Deltaone's Carpe diem Dax thread....
Best
Islander
Trading Levels with WRBs
  • #5,224
  • Nov 11, 2015 2:31am Nov 11, 2015 2:31am
M - are you back to KISS charts with HA and just a couple of MAs?

PS: looks like our old work on timing is in play
Trading Levels with WRBs
  • #5,225
  • Edited 3:23am Nov 11, 2015 2:57am | Edited 3:23am
Quoting Islander
{quote} Wow - M, great to see you - I miss your posts / charts. Mine are now in Deltaone's Carpe diem Dax thread.... Best Islander
Thank you I miss the social aspect as well, but the mix of trading styles and and various discretionary approaches interfere with my pursuit of rule-based trading.
  • #5,226
  • Nov 11, 2015 3:23am Nov 11, 2015 3:23am
Quoting Islander
M - are you back to KISS charts with HA and just a couple of MAs? PS: looks like our old work on timing is in play
Yes and no. My general approach is rule-based trend following with no manual entries, only stop entries. So I've got one KISS setup with three MAs, and I've got a more quantitative setup with a couple of home-made indicators and clearly defined setups and rules.
  • #5,227
  • Nov 11, 2015 3:45am Nov 11, 2015 3:45am
Quoting medici
{quote} Yes and no. My general approach is rule-based trend following with no manual entries, only stop entries. So I've got one KISS setup with three MAs, and I've got a more quantitative setup with a couple of home-made indicators and clearly defined setups and rules.
I see.....I too have an indicator that is not shown on any posted charts, so I'll mail you a chart and likewise, work on rule based entries with most exits via a trailing stop....
Trading Levels with WRBs
  • #5,228
  • Nov 11, 2015 6:48pm Nov 11, 2015 6:48pm
It's always nice to see you two posting here - reminds me of the good old days! Hope all is well.
  • #5,229
  • Nov 13, 2015 3:04am Nov 13, 2015 3:04am
Quoting sam0182
It's always nice to see you two posting here - reminds me of the good old days! Hope all is well.

Thank you - and yes, all's good in the Balearic autumn sun
Trading Levels with WRBs
  • #5,230
  • Dec 1, 2015 7:58am Dec 1, 2015 7:58am
Indy as requested - look up Constance Brown for more info....

For me, its main use is high-light divergence. You can also use the O/B & O/S levels and the 50% level......
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 CII.ex4   4 KB | 324 downloads
Trading Levels with WRBs
  • #5,231
  • Jan 4, 2016 5:45am Jan 4, 2016 5:45am
A Happy, Healthy and Prosperous 2016 to all who pass by this thread.

I have spent some time over the holiday period re-visiting some old ideas with the objective of finding some confluence of both price and time zones - or as CB puts it "synchronicity" - but not just using Fibonacci!

Hidden Gap's extensive work with Wide Range Bar Analysis combined with Volume Spread Analysis offers excellent additional input and I will be posting some examples.

For those interested, check out Hidden Gap's posts here in FF and also research WRB Analysis
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,232
  • Jan 4, 2016 5:47am Jan 4, 2016 5:47am
1m continued....total swings shown......the "safer" entries are via the LHs or HLs...and as Rober Miner puts it "when price, time and pattern combine, change is inevitable"
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Trading Levels with WRBs
  • #5,233
  • Jan 6, 2016 3:35am Jan 6, 2016 3:35am
As posted in Deltaone's thread....

GM - after the nice 100+ pts drop from XO, price spiked under yesterday's low at A ( again into the Supply Zone) in an ultra high volumed, WR hammer, showing that buyers - probably profit takers were stepping in. This was confirmed by the HL at B in a high volumed grave-yard doji.

At C, in an ultra high volumed graveyard doji, sellers returned only to find active buyers again in the high volumed hammer at D.

Now its looking like a sideways move until one side or the other takes control and move price out of this range.

Above we have the over-night gap and below the December Low at 10,120.......

Time for another coffee
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1452072716
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Trading Levels with WRBs
  • #5,234
  • Jan 6, 2016 4:29am Jan 6, 2016 4:29am
Apologies, I forgot to update my 1m chart with this Delta Zone from yesterday's action......when this morning price moved up into the zone it was a heads up to watch the PA for an entry signal. Remember that weakness appears in Up Bars and strength in Down Bars
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Trading Levels with WRBs
  • #5,235
  • Edited 6:05am Jan 6, 2016 5:47am | Edited 6:05am
Ref. a PM answered earlier today....

Waiting for a Higher Low or a Lower High is a less stressful - and often easier way - of entering the market

PS 10,120 is the December 2015 Low and this morning's low at 10,114 lowest low since Dec 2015 and is ~61% of December's fall

Edit: PS that last HL retraced just over 50% - 56 pts - of the last swing down
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,236
  • Edited 7:57am Jan 6, 2016 7:27am | Edited 7:57am
Quoting Islander
Ref. a PM answered earlier today.... Waiting for a Higher Low or a Lower High is a less stressful - and often easier way - of entering the market PS 10,120 is the December 2015 Low and this morning's low at 10,114 lowest low since Dec 2015 and is ~61% of December's fall Edit: PS that last HL retraced just over 50% - 56 pts - of the last swing down {image}
Or

"...anticipators may have difficulties with risk control..." (Seykota)

or

"Bottom-pickers get dirty fingers."

Then again, Trader Vic's 2B is also a valid entry method.
  • #5,237
  • Jan 8, 2016 6:44am Jan 8, 2016 6:44am
Quoting medici
{quote} Then again, Trader Vic's 2B is also a valid entry method.
Combine - Waiting for a Higher Low or a Lower High + Trader Vic's 2b = defined and rule based, low risk, excellent trend reversal pattern!

And here's one on the DAX! reversal of down trend.


Attached Image (click to enlarge)
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The same pattern also played out at 45min after XO where price also retested yesterday's high.
  • #5,238
  • Edited 4:26am Jan 11, 2016 3:57am | Edited 4:26am
Quoting medici
{quote} Or "...anticipators may have difficulties with risk control..." (Seykota) or "Bottom-pickers get dirty fingers." Then again, Trader Vic's 2B is also a valid entry method.

LOL - I try not to get dirty fingers, hence waiting for the HL.......thanks for TVs 2B pattern - I have it as a failed breakout

A great start to the week - this morning's gap down open almost hit the 1.38 fib expansion on my daily chart and I bought the 1m HL ~Friday's low which started a 200+ rally. Let's see how the day closes
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,239
  • Jan 11, 2016 4:17am Jan 11, 2016 4:17am
Quoting Sakk
{quote} Combine - Waiting for a Higher Low or a Lower High + Trader Vic's 2b = defined and rule based, low risk, excellent trend reversal pattern! And here's one on the DAX! reversal of down trend. {image} The same pattern also played out at 45min after XO where price also retested yesterday's high.
Agreed - add some attention to Volumes and Supply and Demand Zones and you get the basis of a profitable system
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,240
  • Jan 14, 2016 1:20am Jan 14, 2016 1:20am
Quoting Islander
{quote} Agreed - add some attention to Volumes and Supply and Demand Zones and you get the basis of a profitable system {image}
Hi Islander, I too use VSA and hand drawn supply demand zones, I followed many of your posts on the VSA threads and I have a 1 minute chart that is very much like yours on my other screen for the same reasons.
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