Here are the charts, and a couple of earlier posts on the same pattern are: url and url

Islander and Medici trade the European open

You're welcome. Looks to be a good one

Islander and Medici trade the European open

'Line in the sand' patterns on both cable and Euro from 1.4747 and 1,2215 respectively. Short set-ups.

Islander and Medici trade the European open

That isn't quite in line with the overnight 'line in the sand pattern', but simply another level. The reason for your first arrow down, I believe, was that it was the 61.8% retracement of the second leg of the first sell-off. The second arrow down ...

Islander and Medici trade the European open

Don't know if I want to make macro-economic predictions, but the Euro should be safe for the foreseeable future while Greece is off the debt markets due to the ECB-IMF package. We'll see in the longer term. As for parity etc, I believe that the Euro ...

Islander and Medici trade the European open

Well spotted, and those levels would serve well as targets for the near future. And when the time comes, the Euro might be a more attractive short than the Aussie based on the interest differential and other fundamentals as well as the technical ...

600 Pips a Month with Shahab and GeppyG

Not sure I understand your question beyond the obvious answer that I think the up trend in Euro, cable and Aussie will continue?

Islander and Medici trade the European open

´ The idea is based on the scenario that the up trend will continue. Then, asking the question about low and high levels for a breakout, the projections are done using S/R and Fibonacci ratios. I hope that answers the questions. These days I trade ...

Islander and Medici trade the European open

Euro outlook for Monday — Here's a possible scenario for the Euro Monday, which may or may not be realised. The up trend should continue and 1.2079 is support turned resistance and now support again. In addition, it's 50% of the last wave up ...

Islander and Medici trade the European open

Thanks, GeppyG. I'm with you there. The shape of the fifth wave. and the sizeable leveraged short positions in the Euro (which means the same thing as the chart) could mean a violent correction, so while 1.2660 and 1.3110 may be reasonable targets, ...

600 Pips a Month with Shahab and GeppyG

Hi David, not sure I understand your question. Sometimes the market continues, sometimes it reverses. In the case of the Euro example, the rate was in a serious downtrend (see chart), while cable this week had just emerged out of the gutters to ...

Islander and Medici trade the European open

Euro-yen pinball — While we're at it, here's today's prize winner. Euro-yen is very good at obeying geometric patterns, and there's was an obvious short at 111.35 which would hold for Friday/profit-taking reasons, and a long at 110.30 which ...

Islander and Medici trade the European open

No need to avoid a long trade, as long as you know when to take profit. There was one or two to be had for the eager minded. Filtering the long side was based on: - It's Friday after a week long bull run, so it's profit taking time ahead of the ...

Islander and Medici trade the European open

Line in the sand — Today cable displayed a 'line in the sand' pattern as described in this post: url As usual, when you see such a pattern in the morning it means money in the bank.

Islander and Medici trade the European open

Well done. Fabulous trade, and thanks again for excellent thread. I just thought I should share, ahead of the weekend, a profitable pattern, useful for day-trading, in the Euro - that of Fibonacci retracements of waves before continuation. Worked ...

600 Pips a Month with Shahab and GeppyG

Thanks, and thanks for chart. And the point is that it is confluence of fibs in three different time-frames, not clustering a la Carolyn Boroden...

Islander and Medici trade the European open

1.618 — And the target was 161.8%...

Islander and Medici trade the European open

And it coincided with 50% of yesterday's last wave up, as well as 76.4% of Monday's range...

Islander and Medici trade the European open

At 9.30 things often happen, with or without news. Here's a nice continuation trade from the 61.8% retracement of the session range.

Islander and Medici trade the European open

GM. Indeed, a beautiful session. I traded Aussie and Euro this morning Cleaner charts...

Islander and Medici trade the European open