Islander and Medici trade the European open | Page 269 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Highest Open / Lowest Open Trade 21,153 replies

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Getting a handle to open trades in the open trade tab 3 replies

EA to open trade on Next Candle open (help please) 4 replies

Medici trades the London open 435 replies

Attachments: Islander and Medici trade the European open
Exit Attachments

Islander and Medici trade the European open

  • #5,361
  • Oct 26, 2016 5:22am Oct 26, 2016 5:22am
Quoting medici
{quote}

Still, with a bit of work it can be turned into a working system. So, good charity as far as I'm concerned.
And here's one way of doing it: Add a faster EMA for pullbacks in faster trends, such as this morning. Then add a smooth and responsive oscillator for entry trigger.

After doing that properly, you should have a good profitable system.
  • #5,362
  • Oct 26, 2016 7:11am Oct 26, 2016 7:11am
Quoting medici
{quote} Why not? It's not a completely system, and it's not part of the system I use (except in principle) but basically educational. Still, with a bit of work it can be turned into a working system. So, good charity as far as I'm concerned.
  • #5,363
  • Oct 26, 2016 8:02am Oct 26, 2016 8:02am
Quoting medici
{quote} And here's one way of doing it: Add a faster EMA for pullbacks in faster trends, such as this morning. Then add a smooth and responsive oscillator for entry trigger. After doing that properly, you should have a good profitable system.
medici,

could you please post a chart with those things added in...
also, please give the settings.

thanks.
  • #5,364
  • Oct 26, 2016 8:11am Oct 26, 2016 8:11am
medici,

on an unrelated note, i recall you were using range bar charts a couple of years ago with 4 tma's.
the area they held between them used to be shaded.
it seemed like you had the ultimate tool-kit you'd ever want.
what made you change back to time-based candles?
  • #5,365
  • Oct 26, 2016 10:35am Oct 26, 2016 10:35am
Quoting pgd
{quote} medici, could you please post a chart with those things added in... also, please give the settings. thanks.
I wish I could, but I don't have anything back-tested. I just know from experience that it's possible.
  • #5,366
  • Edited Oct 27, 2016 2:55am Oct 26, 2016 10:37am | Edited Oct 27, 2016 2:55am
Quoting pgd
medici, on an unrelated note, i recall you were using range bar charts a couple of years ago with 4 tma's. the area they held between them used to be shaded. it seemed like you had the ultimate tool-kit you'd ever want. what made you change back to time-based candles?
I do not use time-based charts, and I don't want to go into detail about my own trading. But I have posted some charts here in recent months if you are curious.

As to range bars - for which Auron112 and myself had a model that worked wonders for EURUSD and EURJPY - after 2012 the market structure and volatility changed, and the range bar model didn't work so well anymore. Then we both moved on to stock indices and tick charts, and have never looked back.
  • #5,367
  • Feb 20, 2017 2:47am Feb 20, 2017 2:47am
Indicator as requested
Attached File(s)
File Type: ex4 Time_JA (1).ex4   3 KB | 377 downloads
Trading Levels with WRBs
  • #5,368
  • Jun 23, 2017 11:25am Jun 23, 2017 11:25am
Quoting medici
{quote} Did I say those things? Sounds wiser than I give myself credit for. I wish I had remembered them, and my trading results would have been better And, yes, I've done plenty of meditation. These days I tend to prefer psychedelics.

haha. nice. Preferred trip vehicle?
  • #5,369
  • Aug 9, 2017 5:55am Aug 9, 2017 5:55am
Been ages since I posted, so here's a couple that I made earlier in Malcolm's thread....

Passing bye and I noticed some comments in Dax which these days is the only market that I trade every day.

As many trades still use MT 4 I have posted my version of today's action, remembering Tom Williams's comment that an increase in volume happens before action in price.

Thus at 1 - for me - the WRB with High Volume is an alert to watch the Price Action.......and at 2 - during lunchtime in Frankfurt! - there is a failure to breakout aka a Stop Sweep for the unwairy.
The Lower High - at the DAily Pivot was the signal to sell.
At 3 the Ultra High Volumed WRB Hammer was the alert to watch the Price Action.
At 4 the climax volume in another WRB held a little lower at the MS 2 pivot level. Bank and wait for the NYSE to open and the US Traders show their hand.....at 5 with price holding as a Higher Low above the Big Round Number...Buy.
The fast rally took price up to the earlier high where there was an Ultra High Volumed Shooting Star at 6....bank some and watch the PA......
At 7 another Very High Volumed semi Shooting Star hit the MR 1 level making a MS2 to MR 1 swing....a typical intra day pivots move.....Bank and call it a day.....I am :-)
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1502204284
Trading Levels with WRBs
  • #5,370
  • Aug 9, 2017 5:56am Aug 9, 2017 5:56am
and

Yes, we did have some fun way back when you were living in the cold north!

Nice call on Dax.....I've traded it both ways as even on M1 volume shows the way :-)

PS watch the top of the hour for a potential break-out....
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1502265522
Trading Levels with WRBs
  • #5,371
  • Aug 9, 2017 5:57am Aug 9, 2017 5:57am
My trades are live in a private room.

These are the areas from which we traded.....the moves shown totalled some 150 pts

The Virgin POCs are from the 2 weeks Market Profile which is another kind of volume tool which I use on my hourly chart.

Back to the Boss
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1502269893
Pip Pirate

Trading Levels with WRBs
  • #5,372
  • Aug 25, 2017 10:21pm Aug 25, 2017 10:21pm
Quoting Islander
KISS with Range Bars Put the MA ribbon filled indicator on the chart first, change its colours and set colours 2 & 3 to none and then put your colour changing MAs on and they will show up better PS Indy to generate RBs attached {image} {file}
Can you please post your ribbon indicator? Much appreciated. I'm a naked trader, but this looks simple, non-cluttered and nice.
  • #5,373
  • Sep 12, 2017 3:21am Sep 12, 2017 3:21am
Quoting Stormin_Norm
{quote} Can you please post your ribbon indicator? Much appreciated. I'm a naked trader, but this looks simple, non-cluttered and nice.
Apologies.....not logged in for a while.....click on the paper clip at the top of the page and its on Page 2 of the file attachments....
Trading Levels with WRBs
  • #5,374
  • Nov 8, 2017 10:45am Nov 8, 2017 10:45am
Now that some volatility has returned to the Dax (Ger 30) I have started making a few posts in DeltaOne's thread.

This is this morning's action as seen on my 1 min chart.

Price Action with Volume around Levels dictate my entries and I usually get taken out by my trailed Stop Loss.......all as posted many times both here and elsewhere...
Attached Image (click to enlarge)
Click to Enlarge Name: nov8 dax 1m Extra for 5 hrs.png Size: 43 KB
Trading Levels with WRBs
  • #5,375
  • Nov 8, 2017 1:38pm Nov 8, 2017 1:38pm
Hey Jono - always great to see your stuff. Look forward to more.

Mike
  • #5,376
  • Nov 9, 2017 3:20am Nov 9, 2017 3:20am
Quoting handy148
Hey Jono - always great to see your stuff. Look forward to more. Mike
Thanks Mike.....as requested

Arrows show potential entry areas....all around "levels" - including retraces to the ribbon and HLs / LHs. I also watch on a S 20 chart in these areas. Most trades were posted in D1's thread.

I'm finished for this morning, plenty of points plundered
Attached Image (click to enlarge)
Click to Enlarge Name: nov9 dax m1 0915.png Size: 37 KB
Trading Levels with WRBs
  • #5,377
  • Nov 9, 2017 5:38am Nov 9, 2017 5:38am
Attached Image (click to enlarge)
Click to Enlarge Name: Dax 4H.JPG Size: 39 KB
None the wiser!
  • #5,378
  • Nov 9, 2017 6:37am Nov 9, 2017 6:37am
I have been out since my last post and so missed the clear sell around # 1. Increased volume around the BRN and yesterday's close that failed to continue on up = Sell.

Wide Ranged Bodies (WRBs) with increased volumes suggest that the Big Boys are active, so take note and possibly action...

Sell Pull Backs to the ribbon.

At # 2 there were increasing volumes although the candles were not large, suggesting two way traffic - aka profit taking.

Around # 3 again increased volumes in smaller candles = buying and the brave could have taken a buy after the hit on the half number in increased volume......or walk away with good profits and go for lunch. I am
Attached Image (click to enlarge)
Click to Enlarge Name: nov9 dax m1 1227.png Size: 45 KB
Trading Levels with WRBs
  • #5,379
  • Nov 9, 2017 6:42am Nov 9, 2017 6:42am
Watchout....that HV hammer at 12:38 chart time looks like a Stop Sweep....I bought at 13,248 off my S 20 chart for a few to pay for lunch

PS. Your hourly chart will remind you that 13,250 is an important level....
Trading Levels with WRBs
  • #5,380
  • Nov 13, 2017 5:51am Nov 13, 2017 5:51am
Posted earlier elsewhere....

"GM - after the H vols of Thurs & Fri afternoons, which I view as profit taking prior to the W/E, support still at the Oct 18 H - on lower vols. Thus I'm thinking that the next UHV WRB area will be revisited - żż this afternoon ?? So I'm watching the US for any clues..."

Half an hour later - rather earlier than expected - price dropped right thru' that area, finishing in a UWB (35 pts) on M1 in a UHV hammer down to 13,035....will the US follow?.....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: nov13 dax hrly 1130.png Size: 49 KB
Trading Levels with WRBs
0 traders viewing now