Must have polished that crystal ball well last night... Regardless, CI divergence would have caught it.

Islander and Medici trade the European open

Looking forward to your comments. Note also that the FO buy was a CI reverse divergence buy...but not an RSI reverse divergence buy...

Islander and Medici trade the European open

Too alike sometimes.... Cable was a Composite Index divergence buy - and notably not an RSI divergence buy. Beautiful stuff.

Islander and Medici trade the European open

Bought the Euro at 8am, target 3182.

Islander and Medici trade the European open

The crystal ball worked...

Islander and Medici trade the European open

My thinking is - a push up from the mid hour up to where the 8am sell orders are seated.

Islander and Medici trade the European open

Bought again from the 161.8% level at 5193.

Islander and Medici trade the European open

5811, btw, is 50% of the Jan 85 to the 07 highs range.

Islander and Medici trade the European open

Resistance here from the 5 Aug lows. 3182 looks to be a good sell level in the Euro. Pivotal last week, and 50% of the overnight range.

Islander and Medici trade the European open

20 and a few and the morning has barely begun.

Islander and Medici trade the European open

Sounds interesting! So what were your findings on the harmonic patterns?

Islander and Medici trade the European open

GM - that was a dead easy six o'clock long... target 5820.

Islander and Medici trade the European open

So you've developed your own system and you want to go work for a firm? Why? Do you want to use your system as a door-opener and freebie give-away to get through the door to a job as quant trader/analyst? If not, you don't need an employer but ...

List of Forex Trading Firms

Hello mate, good to see you back How have things been? We are trying to breathe life into the thread again after a summer break. It'll hopefully be your one-stop-shop for trading the 5:30 - 7:30 GMT period

Islander and Medici trade the European open

In my case not really. As should be clear from the beginning of the thread I like to enter at previously identified S/R levels without waiting for confirmation, so in a sense this is very similar. The challenges I've had with the more discretionary ...

Islander and Medici trade the European open

After the pm drop it seems like a H&S reversal with a shoulder at 1.5960 would be more likely. Maybe sooner but 9.30 still likely. The appreciating pound is bound to have had an impact on the trade balance, so the forecast will not unlikely be too ...

Higher low, lower high system

Trading is challenging because the normal human response is rarely the one that makes money. This is especially true in intra-day trading. Trend-following techniques usually result in whipsaws and a slow decline of equity at best, because the market ...

Why is short term trading so hard

It might be an interesting morning tomorrow. The trend line support meets the 1.60 level at around 9.30 UK time - classical reversal time and tomorrow trade balance data release. One possible scenario in attached chart.

Higher low, lower high system

http://www.youtube.com/watch?v=JKlvNv2iQCo&feature=av2n

Higher low, lower high system

Cable low — Hi guys, no it "may not get there". The session low was at long-term trend-line support, and that might be the end of the downside for a while. Attached charts are one and the same in different time frames - H4 and M5.

Higher low, lower high system