Cable Fibonacci levels — Here are the Fibonacci levels I keep on my daily chart. The blue is the range since summer. High end of June, low 8 July. Capped the latest medium term up move at the 61.8% level 6453. Capped today's up move at the ...

Islander and Medici trade the European open

1min MA crossovers again — Two longs I took just before the fix.

Islander and Medici trade the European open

Don't you think that this morning's news, when cable went down to 6191 and then up, was an example of what I suggested and could have been faded?

Islander and Medici trade the European open

There's also the game of fading the initial moves. Dealers use the thin liquidity around news time to take out orders. NFP is notorious for that, Last time, for example, in the Euro it was up to 4410-15 then down to 4300, and then up again. Works ...

Islander and Medici trade the European open

Same to you and everyone else on the thread. See you Monday.

Islander and Medici trade the European open

Interesting question. Unlike in the equities markets, insider trading is not unlawful, and some people get hold of the data or have research staff who are good at estimating them. Remember Soros had a 'fly on the wall' inside when betting against ...

Islander and Medici trade the European open

Well done! I always have those fib levels on my charts...

Islander and Medici trade the European open

1min MA crossovers — For those of you uncomfortable with buying at levels where price is seemingly moving in the wrong direction, 30 and 60 1min LWMAs may be an alternative. Wait until the MAs have crossed and are sloping in the right ...

Islander and Medici trade the European open

Indeed. I've been mentioning the 6273 level a few times. Old Fibonacci level (end of June high, 8 July low) that's been in play ever since. Check a daily chart and note how many times it's been daily high/low. Was also pivot for the mid December ...

Islander and Medici trade the European open

This could also be read from the Euro chart, i.e. that the Euro was weakening, no?

Islander and Medici trade the European open

And we wouldn't be rude would we. I took that one too. A classic 8am entry. Right after 8am, usually there's a move to pick up orders - this time around 6242.

Islander and Medici trade the European open

You take the tube to the City or Canary Wharf and buy somebody a pint, and failing that you don't. Still, these levels can - as far as the open is concerned - usually be easily figured out from confluence of price and time around certain hours, and ...

Islander and Medici trade the European open

Analysing charts — Notice how the simple-minded strategy of simply buying at the open, i.e. 7am, and then hold would have given you a drawdown of 5-6 pips in both babies. No need to analyse the charts beyond "it's an up day". Which makes me ...

Islander and Medici trade the European open

GM folks - another eventful 24h. Surprisingly weak employment data, SP500 down under the magical 1120 retracement level, Asian equity markets taking a beating (~3%) in consuequence, US bank issuing buy recommendation on the Euro with a target at ...

Islander and Medici trade the European open

GM...ditto...

Islander and Medici trade the European open

Won't stay around much longer as I have a few things to do today. Another profitable morning. Thanks to all, and have a good day.

Islander and Medici trade the European open

Thanks. So you got an alert on that drop just after 9am? MFI Divergence seems to have done a good job on M1 this morning...what do you think?

Islander and Medici trade the European open

Took a long on that drop....but I don't have high hopes on the upside. Edit...and out.

Islander and Medici trade the European open

Sure, but that drop may not be significant, so I'd rather wait for a long.

Islander and Medici trade the European open

Hmm...my interpretation of things is that the selling is over, so now I'd be looking for long entries.

Islander and Medici trade the European open