Note that there are a couple of Fib levels for the Euro just above 2600 - 50% of the summer rally as well as 61.8% of the last swing up.

Islander and Medici trade the European open

Closed at 5393 when the equities turned lower again.

Islander and Medici trade the European open

Took a long when 5380 held. Based on divergence, this one might travel a bit...TWT.

Islander and Medici trade the European open

Well done. I got stopped out at BE as I was inattentive...without a heavy night. Me too looiking to buy, i.p. Euro but do watch the equity markets...

Islander and Medici trade the European open

LOL. Same here. Took a long off the 1min HL after the bounce off 1.54. And now that break has happended.... EDIT: Last week's low at 5462 seems a good target....TWT

Islander and Medici trade the European open

GM. Good to hear! Very much the same experience on my part.

Islander and Medici trade the European open

You may find some of the stuff on Islander's and my thread useful: http://www.forexfactory.com/showthread.php?t=214628

What are the Characteristics of the Different Trading Sessions?

No, but I know a couple of people who do.

Islander and Medici trade the European open

Not that I know of. Beat The Forex Dealer comes closest. Then there are academic books about the fx market and its history which provide more background. And some academic research on market micro-structure. See for example Carol Osler's homepage: ...

Islander and Medici trade the European open

No, I don't think so. Only occasionally, but in my experience a lot harder to read. Actually, the term "open" is more a figure of speech than anything else as fx is a 24h market. So there is actually no "open". In London people are usually at their ...

Islander and Medici trade the European open

Standard Deviations. Bollinger bands are 2 SDs away from the SMA. Statistically, the BBs should contain 95% of the close prices and the 3SD level 99.9% or so.

Islander and Medici trade the European open

Well done Holding on is something I try to improve as well. And, yes, a clear divergence, and a clear fake out to below 3 SDs.

Islander and Medici trade the European open

Not luck, but attached H1 chart. Not quite. I would look at PA around a divergence bottom (in this case) and enter when short-term momentum changes. See attached M5.

Islander and Medici trade the European open

Told you...

Islander and Medici trade the European open

No apology needed. In this case it was a matter of entering at the resistance level itself, i.e. 1.2728. So essentially an S/R entry based on confirmation from divergence, flat BB, and Fib ratio. That's the way I usually enter - at a previously ...

Islander and Medici trade the European open

OK, thanks. I find that M5 works best for me during the morning. Try it, you'll like it! A good reason for the initial short was that it was 8am, around which orders are often clustered, which increased the probability of the trade. Also, it was ...

Islander and Medici trade the European open

How about this?

Islander and Medici trade the European open

Why not?

Islander and Medici trade the European open

Very nice Thanks for charts. 1.5535 is strong support....

Islander and Medici trade the European open

From ForexLive: "Talk buy orders 1.2680 and 1.2650/60 before stops below 50. Buy stops seen through 1.2740." See http://www.forexlive.com/126856/all/eurusd-off-to-slow-start Proved correct so far by the morning's action, and may be relevant for the ...

Islander and Medici trade the European open