I've had good fun with it. I'll start posting opportunities when I spot them. Good for trading off 'levels', including your favoured pivots. I'll give it some thought and maybe post an introduction when I get the time.

Islander and Medici trade the European open

Might also be broker dependent as cable closed last week at its low, so the pivots will depend on when your broker closes Friday evening.

Islander and Medici trade the European open

I've taken profit too. Loaded big down at the Asian high so good for today's target. Btw, I suggest that we start following euro-yen here too. Technically easy to trade, i.e. lots of nice retracements such as down to yesterday's low at about 6.20 ...

Islander and Medici trade the European open

5465 is the 161.8% externsion of the 5204 to 4780 drop. A break should open up for a journey to 5550. Might not see that before the news at 9.30.

Islander and Medici trade the European open

GM. As much as I dislike breakouts, this one was to go to say no to

Islander and Medici trade the European open

Nope. Well done I, for one, am only playing the long side today.

Islander and Medici trade the European open

Should be interesting in view of the recent rise in inflation.

Islander and Medici trade the European open

Thanks, my rule is to look for a pullback in the first/second 5m candle after 8am and then enter when orders are hit. The high so far this hour is the 50% session (6am onwards) level.

Islander and Medici trade the European open

Dealer tricks, I think, with people accumulating at lower levels. I bought on that dip. Edit: And as you said, the Euro is the drummer we're dancing to. Edit 2: Next level to watch is 3420 in the Euro if 3427 doesn't hold.

Islander and Medici trade the European open

GM all. This morning it was a 6am buy based on the 'line in the sand' pattern coinciding with the Euro triggering orders around 1.3400.

Islander and Medici trade the European open

That's mostly 'experience' and what I've learnt from people in the industry, but there's a good book on such matters called Beat The Forex Dealer by Agustin Silvani.

Islander and Medici trade the European open

Islander posts 1m/5m charts, so I thought I'd stick to longer term charts. Here's my take on this morning: Yesterday was a reversal day, seen as a hammer/pin bar on the daily chart, where the 5550 area looks like a likely target for the next couple ...

Islander and Medici trade the European open

What would life be without gossip! As for this particular one, everything so far confirms it.

Islander and Medici trade the European open

Good idea. DJ futures too shy to break through 11100 in fair value, Euro going down below 3472, cable stops above 5350 taken out with a high close to the 5365 level. Time for a breather, I think.

Islander and Medici trade the European open

video

Islander and Medici trade the European open

A beautiful sunny day and simple-minded trading does the job: Sell at 6am, buy at 7am, buy more at 8am, and now the Euro is breaking up through last week's low at 3472 - promising more to come.

Islander and Medici trade the European open

It's the 138.2% extension of the drop from 5204 to 4780, and as past price action shows we're not the only ones noticing it.

Islander and Medici trade the European open

5365 and 5390 are leves to watch as well, but 5400 would be nice.

Islander and Medici trade the European open

Thanks, that's the intention, that we complement each other. No need for both to do short-term posts, so better to add different perspectives. I do short-term trading as well, but no need to confuse the picture, I think. Note the sizeable Euro order ...

Islander and Medici trade the European open

I'm going to hold this one for a bit, until 1.5550 or so , adding to it along the way....

Islander and Medici trade the European open