and it was, almost to its top at 11:59 Edit: .......and to its top / the 618 fib 35 mins later....

Islander and Medici trade the European open

That WRB HG is a magnet for price. Two HLs so expect that area to be visited sooner rather than later

Islander and Medici trade the European open

So far price has only managed to get 17 pips below that July 3rd Low, actually to today's MS 3 at 08:43. Its now back at that level on lower volumes with a new POC at 1.1622 as price is worked by the SM in this narrow range for the last two and a ...

Islander and Medici trade the European open

GM - as posted elsewhere.....I've not noticed one here....price now trying to get above that level....a serious move or a fakeout.....TWT

EURUSD only

Mmmm....

Islander and Medici trade the European open

And the smaller....

Islander and Medici trade the European open

The bigger picture.....

Islander and Medici trade the European open

[/B] and they have stayed so as the action moved to the Dow, S&P etc after NYSE open....

Islander and Medici trade the European open

Quote: "Edit: Halted at the 61%.....I reversed..." and closed at the 61% of that fall as candles went small - i.e. SM not interested.

Islander and Medici trade the European open

Quote: Expect price to try to trade into that WRB HG.....TWT PS US Data on the half hour....so in a few mins WRB HG closed and some ! 5 min after data an = L in a good vol red hammer = buyers present ~that high vol POC level 1.16545....think SM ...

Islander and Medici trade the European open

Four failed attempts to break above the1685 area should be sufficient warning to think sell.... At 10:47 the FMA turned down, so place a Sell Stop under the action. The 10:49 higher vol WRB showed the start of the fall which went down 23 pips in 14 ...

Islander and Medici trade the European open

Price still heading up, but needs to break above its 07:20 high for a run at the DP / BRN Using the FMA (a 15 LWMA) keeps us on the profitable side of the action

Islander and Medici trade the European open

The bigger picture. The big spike up yesterday was news driven and the SM sold down to 1.6648 late in the US session, since which price has been heading back up towards the BRN There was a 1 m HL just after LO and I started buying....

Islander and Medici trade the European open

So price then held at those earlier lows and after 14:29 turned south with clear sells off the magenta fma. A bounce off the 1.1715 level from the low at 15:24 went up 15 pips into the European close before a 50+ pip drop into that UWRB on UHV at ...

Islander and Medici trade the European open

So an hour of lower vols and smaller candles only gave a couple of that buy then a couple off a sell as the fma turned down. Now an increase in vols and a green WRB at 14:08 may signal more action to come....TWT

Islander and Medici trade the European open

A few pips higher into top of the hour, then waiting for the open of the NYSE (USO 2) when activity (tick volume) should pick up. So far the earler H has not been touched so I have a Buy Stop above the fma & half # waiting....

Islander and Medici trade the European open

As I say on my charts....."Watch out for HV WRBs"...... 12:00 GMT is currently 08:00 in New York and 7am in Chicago and the time when US Traders start their trading day, so a good time to get back from lunch and think about trading. Looking ...

Islander and Medici trade the European open

Fibonacci retraces including the non fib 50% are always worth watching....

Islander and Medici trade the European open

Euro was nice to trade this morning.....a clear sell after price failed at that double top then a failed push under the BRN told us to switch to the long side.....so far far for 10 ish pips on 1 unit..... See how even on this 1 min chart, the WRBs ...

Islander and Medici trade the European open

Iggo - for you :-) High Volumed Wide Ranged Bars / Bodies give us an insite into the actions of the Big Boys / Smart Money. At the Eurex Open there was a big mark down to take into account the Dow's overnight 250 pts sell off. SM sold this in a HV ...

Islander and Medici trade the European open