Islander and Medici trade the European open | Page 266 | Forex Factory

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Islander and Medici trade the European open

  • #5,301
  • Feb 29, 2016 7:16am Feb 29, 2016 7:16am
Quoting medici
{quote} Agreed, but what is needed? That depends on noise vs information in the market. One way of exploring that is by either range bars or the Zig-Zag indicator. For DAX, most of the time a 10 point stop is sufficient (I've tried tighter for a long time, and, while possible, it's too much work.) So put an 8 point ZZ on a 10 sec chart (see below), to verify this. Then look for a time resolution where the ATR is around or slightly less than 8 points. Below you can find 1 min and 30 sec. As evident, 30 sec would be the time frame which would give...

As always M, a thought provoking post....I'll do further research next weekend - need to stay focused on banking greenies during the week

Dow showed its hand by staying above the 16,500 level even during the 10am sell off in Dax....let's hope that the US Session brings more nice swings......TWT
Attached Image (click to enlarge)
Click to Enlarge Name: feb29 dow 1m 1016.png Size: 52 KB
Trading Levels with WRBs
  • #5,302
  • Mar 2, 2016 1:35am Mar 2, 2016 1:35am
Quoting Islander
{quote} As always M, a thought provoking post....I'll do further research next weekend
Here's more food for thought, then. Below 30 sec charts of yesterday's action in DAX and DJI, with the Relative ATR (ATR divided by price multiplied by 1000).

As evident from the charts, DAX is noisier than DJI, and a comfortable 15 point stop in DJI corresponds not to a 9 but a 12 point stop in DAX.

And, most of the time, DAX offers more opportunity in the morning, and DJI in the afternoon and evening.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-02 at 06.08.52.png Size: 106 KB
Click to Enlarge Name: Screen Shot 2016-03-02 at 06.09.29.png Size: 93 KB
  • #5,303
  • Mar 2, 2016 2:04am Mar 2, 2016 2:04am
Valuable info medici - now all we need is the trigger criteria to enable a 12 point stop !!.................. Good to see you around mate.
  • #5,304
  • Mar 2, 2016 2:25am Mar 2, 2016 2:25am
Quoting Dr.Scalpall
Valuable info medici - now all we need is the trigger criteria to enable a 12 point stop !!.................

Hi Doc, here's one option: http://www.forexfactory.com/showthre...99#post8761899
  • #5,305
  • Mar 2, 2016 3:46am Mar 2, 2016 3:46am
Indy to show Day's Closing Level....in haste, info on set up later
Attached File(s)
File Type: ex4 Zone Close Lines v0.03.ex4   10 KB | 478 downloads
Trading Levels with WRBs
  • #5,306
  • Mar 3, 2016 1:15am Mar 3, 2016 1:15am
Quoting medici
{quote} Hi Doc, here's one option: http://www.forexfactory.com/showthre...99#post8761899
Nice, and when I place the trade it decides it's the one and only time of the session to break through the ma and smack my backside to the tune of 10!!!! (before of course heading north again!!)

doc.
  • #5,307
  • Mar 3, 2016 12:07pm Mar 3, 2016 12:07pm
Quoting Islander
Indy to show Day's Closing Level....in haste, info on set up later {file}
Thanks for that.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #5,308
  • Mar 4, 2016 1:05am Mar 4, 2016 1:05am
Quoting revoli
{quote} Thanks for that.
You're welcome.

I only use the the mid line and its important to set the "useopen" to false.

For a GMT Broker time is 20:59 for both times - especially for Dax with its limited session times via Eurex and Dow for the longer Globex session

Best
Trading Levels with WRBs
  • #5,309
  • Mar 11, 2016 1:21am Mar 11, 2016 1:21am
No need for indys yesterday - first he sent Dax up with his differently timed rates announcement.

Then the Press Conference started and Dax fell 600 pts - what a super day to be trading
Attached Image (click to enlarge)
Click to Enlarge Name: mar10 dax 15m cls.png Size: 31 KB
Trading Levels with WRBs
  • #5,310
  • Mar 14, 2016 5:34am Mar 14, 2016 5:34am
Found this in my Traders Toolbox - saves me time when posting charts....
Attached Image (click to enlarge)
Click to Enlarge Name: mar14 dax 1m 1024.png Size: 39 KB
Attached File(s)
File Type: ex4 Zig Zag text .ex4   26 KB | 436 downloads
Trading Levels with WRBs
  • #5,311
  • Mar 18, 2016 5:15am Mar 18, 2016 5:15am
Similar setup to an old one that we used some time ago......its all about how WE see the chart and the PA....

I also have an alert for when the RB changes colour ( or a Renko)
Attached Image (click to enlarge)
Click to Enlarge Name: mar18 dax 1m 7rb with HA nd Stoch 1004 (1).png Size: 44 KB
Attached File(s)
File Type: ex4 Rnko Col Chng Alarm.ex4   5 KB | 417 downloads
Trading Levels with WRBs
  • #5,312
  • Mar 18, 2016 9:12am Mar 18, 2016 9:12am
This is a more useful ZZ.....if I'm watching the action, I keep the last price box open for easy deleting when a new box is drawn. If I'm away I either set the colour to white or just force the ZZ to redraw by opening and closing its edit box.....
Attached Image
Attached File(s)
File Type: ex4 ZigZag_wLabel.ex4   9 KB | 441 downloads
Trading Levels with WRBs
  • #5,313
  • Mar 21, 2016 12:04pm Mar 21, 2016 12:04pm
Naked / KISS - Dax was good to us today.....
Attached Image (click to enlarge)
Click to Enlarge Name: mar21 dax 5m 1700.png Size: 36 KB
Trading Levels with WRBs
  • #5,314
  • Mar 30, 2016 4:11am Mar 30, 2016 4:11am
KISS
Attached Image (click to enlarge)
Click to Enlarge Name: mar30 dax 1m 0905.png Size: 32 KB
Trading Levels with WRBs
  • #5,315
  • Apr 7, 2016 5:52am Apr 7, 2016 5:52am
I've now changed to the new version of the Better Volume indicator - it has an alert, an MA and the option to change the Lookback ....combined with cii it makes trading around levels easier
Attached Image (click to enlarge)
Click to Enlarge Name: apr7 dax RB5 1044.png Size: 34 KB
Attached File(s)
File Type: mq4 BetterVolume 1.5 new with Alerts (1).mq4   7 KB | 488 downloads
Trading Levels with WRBs
  • #5,316
  • Apr 7, 2016 12:59pm Apr 7, 2016 12:59pm
Quoting Islander
I've now changed to the new version of the Better Volume indicator - it has an alert, an MA and the option to change the Lookback ....combined with cii it makes trading around levels easier {image} {file}
Thank you sir, glad you are posting again
  • #5,317
  • Apr 8, 2016 1:50am Apr 8, 2016 1:50am
Quoting huskyboy
{quote} Thank you sir, glad you are posting again
GM HB - not often, as I trade Dax, I'm usually in Clive P's room on skype - PM me if you're interested
Trading Levels with WRBs
  • #5,318
  • Apr 8, 2016 1:54am Apr 8, 2016 1:54am
I found this thread and I'm taking a look - not certain IF it will be useful, but have to look.....

http://www.forexfactory.com/showthre...=557042&page=2
Trading Levels with WRBs
  • #5,319
  • Apr 8, 2016 1:55am Apr 8, 2016 1:55am
Quoting Islander
I found this thread and I'm taking a look - not certain IF it will be useful, but have to try..... http://www.forexfactory.com/showthre...=557042&page=2

GM to V and Dr S
Trading Levels with WRBs
  • #5,320
  • Apr 8, 2016 4:20am Apr 8, 2016 4:20am
The first hour after XO was fine.....then some nasty ranging as Freaky Friday reared its ugly head......
Attached Image (click to enlarge)
Click to Enlarge Name: apr8 dax 1m 0901.png Size: 44 KB
Trading Levels with WRBs
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