Islander and Medici trade the European open | Page 264 | Forex Factory

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Islander and Medici trade the European open

  • #5,261
  • Feb 3, 2016 3:52am Feb 3, 2016 3:52am
3 pts RB, practising to get profitable. Could this be a good setup to build a strategy? Missed that short but for me it was a valid signal.​
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M2 0302 1038.png Size: 89 KB
  • #5,262
  • Feb 4, 2016 1:33am Feb 4, 2016 1:33am
GM - yesterday I was watching both RBs and 1m charts. This chart around the open of NYSE is a classic example of an ultra Wide Ranged Bar with high volume - a perfect definition of a Stop Sweep / Fake-out, begging to be sold and I did, again and again in a room with some other traders.......

Range Bars hide WRBs and UHV bars and this is why I come bar to the normal 1m chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb3 dax 1m 1510.png Size: 32 KB
Trading Levels with WRBs
  • #5,263
  • Feb 4, 2016 1:43am Feb 4, 2016 1:43am
Islander, And i bet you've done the same so far this morning?. Didn't enter on the open, waited for the direction then Three sells for me 7.08, 7.15, 7.24.

doc
  • #5,264
  • Feb 4, 2016 1:58am Feb 4, 2016 1:58am
Quoting Dr.Scalpall
Islander, And i bet you've done the same so far this morning?. Didn't enter on the open, waited for the direction then Three sells for me 7.08, 7.15, 7.24. doc

GM Dr S of course - sold at 9608 and banked at yesterday's high and then did my normal pre XO work up.....

Now, coffee in hand, I see that 9560 level in play - again - guess XO - with Draghi speaking will close the gap.....
Trading Levels with WRBs
  • #5,265
  • Feb 4, 2016 2:15am Feb 4, 2016 2:15am
Quoting Islander
{quote} GM Dr S of course - sold at 9608 and banked at yesterday's high and then did my normal pre XO work up..... Now, coffee in hand, I see that 9560 level in play - again - guess XO - with Draghi speaking will close the gap.....


and it did
Attached Image
Trading Levels with WRBs
  • #5,266
  • Feb 4, 2016 2:27am Feb 4, 2016 2:27am
Poser . Myself, operating at DNA level does not take into consideration things like gaps/fibs/pivots - perhaps I should then I would have held all my shorts longer!!

Doc.
  • #5,267
  • Feb 4, 2016 2:45am Feb 4, 2016 2:45am
Quoting Dr.Scalpall
Poser . Myself, operating at DNA level does not take into consideration things like gaps/fibs/pivots - perhaps I should then I would have held all my shorts longer!! Doc.
Banking early is one of my problems too !
Trading Levels with WRBs
  • #5,268
  • Feb 4, 2016 2:49am Feb 4, 2016 2:49am
GM chaps. Glorious morning

I don't know if you noted the harmonic pattern that heralded what was to come.

Took a long for the journey up. Now let's see if there will be a reload opportunity upwards.
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  • #5,269
  • Feb 4, 2016 4:10am Feb 4, 2016 4:10am
Quoting medici
GM chaps. Glorious morning I don't know if you noted the harmonic pattern that heralded what was to come. Took a long for the journey up. Now let's see if there will be a reload opportunity upwards. {image}

Indeed - looks like you've moved up a couple of TFs.....
Trading Levels with WRBs
  • #5,270
  • Feb 4, 2016 4:52am Feb 4, 2016 4:52am
Quoting Islander
{quote} Indeed - looks like you've moved up a couple of TFs.....
It's a tick chart. Everything is clearer there
  • #5,271
  • Feb 8, 2016 4:57am Feb 8, 2016 4:57am
This morning's action....
Attached Image (click to enlarge)
Click to Enlarge Name: feb8 dax 1m 1043.png Size: 36 KB
Trading Levels with WRBs
  • #5,272
  • Feb 10, 2016 4:37am Feb 10, 2016 4:37am
Chin Alert
Attached File(s)
File Type: ex4 Chin Breakout Alert V.1.2s(m MTF).ex4   14 KB | 467 downloads
Trading Levels with WRBs
  • #5,273
  • Feb 10, 2016 5:03am Feb 10, 2016 5:03am
GM M - FYI here's the Coppock Indy that you posted

Best

Islander
Attached Image (click to enlarge)
Click to Enlarge Name: feb10 dax 1m 1100.png Size: 39 KB
Trading Levels with WRBs
  • #5,274
  • Feb 10, 2016 8:06am Feb 10, 2016 8:06am
Quoting Islander
GM M - FYI here's the Coppock Indy that you posted Best Islander {image}
Good afternoon, Captain How do you like it?

If you want it to turn a bit quicker, try (12, 8, 9).
  • #5,275
  • Feb 11, 2016 1:25am Feb 11, 2016 1:25am
Quoting medici
{quote} Good afternoon, Captain How do you like it? If you want it to turn a bit quicker, try (12, 8, 9).

GM - thanks, those new settings make it more interesting - I'll test it in RT today....
Attached File(s)
File Type: ex4 Coppock Curve CCT.ex4   18 KB | 440 downloads
Trading Levels with WRBs
  • #5,276
  • Feb 11, 2016 1:40am Feb 11, 2016 1:40am
do we get to see a picture of it in action?
  • #5,277
  • Feb 11, 2016 2:02am Feb 11, 2016 2:02am
Quoting Islander
{quote} GM - thanks, those new settings make it more interesting - I'll test it in RT today.... {file}
Personally I don't think you need it (not with your skills and indi overload avoidance). If you want speed of reaction consider a standard mt4 macd 4 6 4 setting looking at histo above signal line for buys hints and histo below signal line for sell.

A couple of trades highlighted here. Standard HL's with macd histo above signal. The arrows are for candles that open and close across the ma and in itself a decent HL/LH signal. Wouldn't suggest taking every one of those.
Attached Image (click to enlarge)
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  • #5,278
  • Feb 11, 2016 2:31am Feb 11, 2016 2:31am
Quoting Dr.Scalpall
do we get to see a picture of it in action?
Hi Dr S - here you go....trialing stuff here....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #5,279
  • Feb 11, 2016 2:31am Feb 11, 2016 2:31am
Quoting Vantage
{quote} Personally I don't think you need it (not with your skills and indi overload avoidance). If you want speed of reaction consider a standard mt4 macd 4 6 4 setting looking at histo above signal line for buys hints and histo below signal line for sell. A couple of trades highlighted here. Standard HL's with macd histo above signal. The arrows are for candles that open and close across the ma and in itself a decent HL/LH signal. Wouldn't suggest taking every one of those. {image}

Thanks V.....still have to take a look....
Trading Levels with WRBs
  • #5,280
  • Feb 11, 2016 2:55am Feb 11, 2016 2:55am
Quoting Islander
{quote} Thanks V.....still have to take a look....
And, actually, the Coppock Curve is a MACD type indicator, only a bit cleverer. It's essentially an average of two different MACDs, but using WMA instead of EMA.
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