Not much going on in cable so scalping the Euro. Not much to post. Sorry. But Sim would like it!

Islander and Medici trade the European open

Not quite on the ball today. This was a pattern trade described at the beginning of the thread: http://www.forexfactory.com/showpost.php?p=3300505&postcount=7

Islander and Medici trade the European open

How wrong that was! And I missed that 61.8% entry due to some practical matters here... Let's see if we get another good setup.

Islander and Medici trade the European open

Note that the cable high this morning coincides with the 61.8% level of the session since the NY close. Might be worth selling from if it comes up there again.

Islander and Medici trade the European open

GM - cable at stromg support and BoE inflation Letter at 10.30 may mean not so much movement in the morning. We'll see. And I wonder what all those who bought Euro yesterday are thinking after the overnight sell-off. May we see another leg down?

Islander and Medici trade the European open

Evening folks, just back at screens after a relaxing afternoon. Here's a couple of charts with good divergence trades during the NY session that I missed out on. EDIT: The Euro shorts were all confirmed by the 38.2% level of the 1.2196 to 1.3334 ...

Islander and Medici trade the European open

Great stuff. Well done Had a good morning, thanks, but will now entertain a guest this pm (actually the friend of the 30ff discussed earlier). video

Islander and Medici trade the European open

Well, the key words here are off-shore...

Consequences of the Dodd-Frank Wall Street Reform for forex traders

Well, I think there's a lot of uncertainty after last week's drop. Is this a major reversal or will thing continue up. So people voting in both directions make for choppy sessions, or at least sessions with lots of swings in both directions.

Islander and Medici trade the European open

Closed both when cable dipped below it's lower BB.

Islander and Medici trade the European open

GM - divergence is a beautiful thing. Shorted both babies from the top.

Islander and Medici trade the European open

I knew I was on to something...well, when you've come to the end of that line you know where to turn for help I'm delighted. Note that you may have to dress up a bit for Torture Garden (see website for dress-code)...it ain't your local pub in ...

Islander and Medici trade the European open

Cheers for that! Will take a close look.

Islander and Medici trade the European open

Triple top with divergence, 00s and 5710 as both SBR and fib on top - doesn't get easier than that! Nice volatility comes with these reversal times. Should be good trading for a few days and weeks.

Islander and Medici trade the European open

Ok, I see. As long as you're kept busy and profitable, that's good. Very sensible and robust approach it seems. Thank you for sharing.

Price failure trading

Yes, that's what I would call reverse (some call it hidden, see http://www.babypips.com/school/divergence_cheat_sheet.html) divergence. In addition, there was trend line support, so good setup.

Islander and Medici trade the European open

Fearsome rope's end!! Ah, BDSM, Caribbean rum, reggae music, and Jags. Those are the tastes of a refined person! Might be relevant for your development as a trader, Sim, to acquire such tastes. You see, your fixation on boobs and 1min charts may be ...

Islander and Medici trade the European open

Further to our SPX analysis over the weekend: http://www.zerohedge.com/article/matterhorn-asset-management-there-will-be-no-double-dip-it-will-be-lot-worse

Islander and Medici trade the European open

Here's more gloom for ya: http://www.zerohedge.com/article/matterhorn-asset-management-there-will-be-no-double-dip-it-will-be-lot-worse

Perfect Head&Shoulder in Dow >> Massive Crash Again

Keeping out of here then is a no-brainer...it's horrendous..

Islander and Medici trade the European open