Short again from 6334. Edit...and out.

Islander and Medici trade the European open

Closed at double bottom at daily pivot. Short again from 6323. This is how I read this morning: The spike up before 6am was dealers triggering orders for their own books. Clear sign that the direction is down, but also that further manipulation is ...

Islander and Medici trade the European open

GM Islander. I waited for the 7am manipulation and now short from 6343. TWT.

Islander and Medici trade the European open

GM all. Caught 10 quick ones in the Euro on the spike to yesterday's low. I'd expect a slow grind lower on profit-taking in cable and ditto or consolidation in Euro. Have been wrong before though... Of note is MFI14 divergence on M5 in cable on the ...

Islander and Medici trade the European open

Unfortunately I have other things to do this afternoon...

Islander and Medici trade the European open

Contrary to what they teach in finance departments, I am not in favour of diversification. Better to put all eggs in one basket and watch that basket carefully, I think. And I find it easier mentally to focus on one at a time. But as you know I do ...

Islander and Medici trade the European open

Hi Annie, good to see you here. Glad you like the book. Good thinking not to trust the upside I think. Everything pointed to a consolidation day, but with recent cable bullishness I thought Euro to be the better option on the short side.

Islander and Medici trade the European open

MFI notes — The latest run up in cable shows divergence on M15 and oversold readings on M5. And it did turn down again...

Islander and Medici trade the European open

Yes, MFI is a good candidate. Let's discuss and see if we can draw any conclusions when we have more evidence. Thanks for pointing out those posts. I particularly appreciate StockyMonk's insight. Edit...I'd be wary of stop-hunting above in cable, ...

Islander and Medici trade the European open

Good entry. Out at 6265 I hope - bottom of the consolidation range that now seems to have been established. And when it comes to cleaner Euro charts, here's a thought: The Euro spread is on average about two thirds of cable's, the short term ...

Islander and Medici trade the European open

MFI divergence — Here's an idea how MFI divergence can be used in conjunction with support and resistance around the open. Cable advances up towards the 1.6305 level while MFI shows a decline, indicating that the up bars are lower volume than ...

Islander and Medici trade the European open

And out at the daily pivot 4514.

Islander and Medici trade the European open

Not too worried about upside break, but price action may be erratic. Took a short in Euro at 4554 again.

Islander and Medici trade the European open

Same, but keeping Euro for a bit. Not unlikely that this move up is just to pick up sell orders around 6290. TWT.

Islander and Medici trade the European open

Yes, the easing of QE has been talked about ever since the last MPC statement when it was said to be 'under review' feeding speculations that it might be scaled back in February.

Islander and Medici trade the European open

That's close to the 38.2% level of the early July range which has been in play ever since. Lots of activity around that level during the mid-December consolidation after the first leg of the post NFP drop.

Islander and Medici trade the European open

Yes.

Islander and Medici trade the European open

GM Islander, my reasons for selling were failed retest of 4553 at the same time as failed retest of 6293 - 4553 being a level from yesterday and 6293 being the overnight 'line in the sand'. Nice moves often start around 6am...

Islander and Medici trade the European open

Short Euro from 4552. And cable too from 6290.

Islander and Medici trade the European open

MFI — Since Vantage introduced it, I have started looking at it, and now MFI14 is above 80 on H4 for both Euro and Cable indicating a possible correction to the up move.

Islander and Medici trade the European open