1.21775 is the 25/05 low and also 161.8% of the last push up on the 28/05. Long from there.

Islander and Medici trade the European open

We are so alike. I'm in on the bounce too...

Islander and Medici trade the European open

Pattern completed. Should have trusted that one more...target was 1.2207.

Islander and Medici trade the European open

I'm out too...now.

Islander and Medici trade the European open

GM. Well done with early short. I wasn't early enough for that. I played it safe and closed when pushed through 1.2284 and re-entered at 1.2293. We'll how for this one goes. TWT.

Islander and Medici trade the European open

That worked like a clock. Target at 1.2210.

Islander and Medici trade the European open

Euro Bat — Bats come out at night, and there's a potential sell in the Euro at 1.2284. Much in line with the patterns described at the beginning of this thread.

Islander and Medici trade the European open

GM. This was realised overnight with support at 127.2% of yesterday's range. Let's see what Europe makes of it.

Islander and Medici trade the European open

Hello David, you are welcome. Happy to be of help. My answers to your questions are: 1. Price action at the identified level. If that sounds cryptic, take a look at the many 1-minute charts posted by Islander on this thread, and you will see what I ...

Islander and Medici trade the European open

Potential Butterfly — Potential Butterfly at 1.2243 which is also an old S/R level.

Islander and Medici trade the European open

Intraday Gartley Pattern in the Euro — What a beauty! EDIT: Pattern completed at 127.2% of XA giving 60 pips. Such a beauty!

Islander and Medici trade the European open

A break above today's high would invalidate the Butterfly, and the Three Hills and A Mountain pattern would be confirmed with a short-term potential to 1.2566 coinciding with the 161.8% extension of the drop from Friday's high. EDIT: The Three Hills ...

Islander and Medici trade the European open

Dollar-yen — Dollar-yen has broken out of a triangle formation. Something that needs to be watched if you are trading Euro-yen. Should it continue higher, there's a potential Butterfly entry in the 92.50 area.

Islander and Medici trade the European open

Upside Potential — If the 1.2072 level is hit in the Euro and holds, there's potential for a retracement to 1.3250 before the downward journey continues.

Islander and Medici trade the European open

Yet Another Harmonic Pattern In The Making — A Butterfly pattern is potentially developing in the Euro. The potential reversal level is around 1.2072. EDIT- If this level and the Euro-yen level of 110.60 were to be reached at the same time, ...

Islander and Medici trade the European open

Intraday Fibonacci levels — Look for reversals at intraday Fibonacci levels. But now I think it's time to call it a day...

Islander and Medici trade the European open

GM and thank you. Yes, the rejection of the 61.8% level was a give-away. Euro-yen is the most 'geometric' of currency pairs, and I just love it. So stole some pips on the way down but closed when it didn't break through on re-test of DP. Should it ...

Islander and Medici trade the European open

Potential Harmonic Pattern in Euro-yen — Should Euro-yen head down from current levels, there's a potentially excellent bat pattern entry around 110.50, which also coincides with the flash crash low at 110.60 on 6 May.

Islander and Medici trade the European open

Kelly Criterion — Are you aware of the Kelly criterion? If not, see, for example, url The data you provide gives a Kelly fraction of 30%, using the formula f = W% - (100-W%)/RRR. This relates to the amount of risk to take per trade as well ...

RRR vs. W%

Three Drives To A Top — I have been fascinated with the frequent occurrence of Fibonacci patterns in Euro-dollar and Euro-yen recently. The sell at 1.2450 was an example of Larry Pesavento's Three Drives To A Top pattern. This is a rare ...

Islander and Medici trade the European open