A no-brainer: Buy/sell a retracement at 7am.

Islander and Medici trade the European open

I'm with you there, and I would add 3450 in the Euro as a level to watch, then 3443. Solid support area. In addition, there are rumours of big Euro flows over the next couple of days, so long is the way to be.

Islander and Medici trade the European open

GM. ditto, but still holding.

Islander and Medici trade the European open

Hello Reflex, and welcome to the thread. I rarely rely on indicators to find the direction, as short-term trading often is more about support and resistance levels than longer term trends. This morning, for example, orders around 1.5270 had been ...

Islander and Medici trade the European open

That's my take on it as well. But not unlikely the calm before the storm. We'll see...

Islander and Medici trade the European open

GM - I was sorely wrong expecting today to be an exciting day. I'll wait to see if 8am brings some action; if not I'm calling it a day.

Islander and Medici trade the European open

Thanks Auron112 and Islander, it's good to be back!

Islander and Medici trade the European open

Can't be luck as I did the same thing More seriously, this was the completion of the breakout pattern discussed earlier. When there's an early breakout, the rate almost always returns back into the early Asian range before take-off. I purposely ...

Islander and Medici trade the European open

Money on a plate, wasn't it!? I caught 35 of those.

Islander and Medici trade the European open

Hello, and welcome to the thread. Yes, you've got the right idea. Early breakout during the Asian session and then retracement to key levels. You got it right, but these set-ups are usually good for 20-100+ pips so getting out at 11 was a bit early. ...

Islander and Medici trade the European open

GM, I'm back after a week's break. And what a day to return on. Historical EU summit in Brussels keeping everybody in waiting mode. Consequently not much directional movement, so I'm staying on the sidelines until charts and/or news tell otherwise. ...

Islander and Medici trade the European open

Me too

Islander and Medici trade the European open

And same phenomenon in the Euro this morning. Early tentative breakout, and then pullback for 8am reload and take-off.

Islander and Medici trade the European open

And also about the 8am pullback to reload...

Islander and Medici trade the European open

Annie and Islander, I am fine thanks. It's just that I haven't traded well since I started posting, and I want to focus on my own trading to get it back to where it was. Will keep an eye on the thread, hope Islander, Vantage and others will keep it ...

Islander and Medici trade the European open

Remember that it is end of month. There may be firework displays come afternoon fix time, i.e. 4pm London time.

Islander and Medici trade the European open

Out when it stalled for 10.

Islander and Medici trade the European open

The earlier high in Aussie was another 15m bearish Gartley.

Islander and Medici trade the European open

Shorted Aussie at today's high around 8955. If risk-aversion continues Aussie may slide more than others. And there's the CB buying in the Euro and corporate flows and 6100 to pass for cable. Aussie broke its 8900 support during the Asian session ...

Islander and Medici trade the European open

Now closed. Good one

Islander and Medici trade the European open