Medici's trading approach — Background on the fx market The foreign exchange markets as we know them appeared after the breakdown of the Bretton-Woods agreement in the early 1970s when exchange rates started to float freely. Initially it was a ...

Islander and Medici trade the European open

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Medici trades the London open

Medici's trading approach — Background on the fx market The foreign exchange markets as we know them appeared after the breakdown of the Bretton-Woods agreement in the early 1970s when exchange rates started to float freely. Initially it was a ...

Medici trades the London open

Thread changes — Islander and myself have decided to combine forces in this thread. The thread will be renamed and an updated initial post describes our intentions with the thread. See you all tomorrow!

Medici trades the London open

I'm out and in again. A good bunch of sell orders taken out at 5950 which might prove helpful. Note that the 5927 level is the 76.4% retracement of the end of Dec up move.

Medici trades the London open

So did I. Remains to be seen if there will be the same fix demand today as yesterday. If we're lucky...

Medici trades the London open

Don't mind at all. It's still short-term focus.

Medici trades the London open

Well done! We'll be at it tomorrow again...

Medici trades the London open

When will I learn...the trend is your friend. Edit...thanks for chart.

Medici trades the London open

I don't know if I would use the word nice to describe it, and I don't like scalping. There has to be method to the madness. Success is built on what we repeatedly do.

Medici trades the London open

Thanks. Wasn't thinking so much of the pivot as the 30 Dec morning session high.

Medici trades the London open

Just so you know I am awake - bought cable at 5911 for 10. Another scalp.

Medici trades the London open

Two of my weaknesses as well. Here's my analysis - hindsight is beautiful. S/R on a 5m chart would have saved the day.

Medici trades the London open

Hello ozmacca, no expert performance today I am afraid, but most days we manage to get our daily quota so stay tuned.

Medici trades the London open

Not much to post as I have mostly been watching the madness. Low liquidity without much order flow with dealers playing cat and mouse. Stole a few pips in initially, but since then it's just been scalping a few here and there, including taking a ...

Medici trades the London open

I do my analysis on longer term charts (daily down to H1/M15) and prefer to follow the market on M5, but scale down to M1 close to entries/exits.

Medici trades the London open

The one from the summer I keep on my chart as it has been in play ever since. And I keep old levels in mind, but not always on chart as it gets a bit cluttered. But the end of Dec fibs I have on chart as we're still in that range.

Medici trades the London open

Low liquidity and MPC statement later today.

Medici trades the London open

5985 is 61.8% of end of Dec up move. 5982 old pivot from early summer still in play.

Medici trades the London open