Adr, psych levels, demand & supply trading 14 replies
Standard Pivots and Fibonnaci Pivots? 9 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
Important psych levels 1 reply
DislikedIs the old thread still around? I would like to read it.Ignored
Dislikedhey eyevoltage which pairs can we trade with this method?Ignored
DislikedAny, as far as I can see. Acumen, the originator of this thread, only trades eur/usd. I keep an eye on both eur/usd and gbp/usd.
However, have a look at any pair you like. The principles that acumen works to will work with any of them.
DislikedThanks for your comments, mate.
Last week, I didn't have a lot of time to trade, but I still ended the week in profit. My domestic circumstances don't allow me to trade fully uninterrupted, so I have to grab the chances as and when time allows.
The more I look into this method, the more obvious it becomes that the vast majority of indicators are a waste of time. This method of yours more or less "forces" you to LOOK at what's going on with the PA, instead of relying on what the indicators are doing. (The only indicator I would use is a stochastic, and even then as a possible filter.) Also, I'm taking more notice of candlestick patterns now, especially around the pivot and psych lines, and after watching your videos, looking to add the odd TL as and when the situation demands it. Pivot points, psych points and fibs just seem to do the business all the time
Speaking of your videos, mate, whenever I try and open the November one, I get "Cannot open file. It does not appear to be a valid archive." No problems with October and December ones, mate, but the November one is a no-go.
Here's to a good week.
Dislikedhere is a trade i took in Uj some time backIgnored
DislikedLooking at your trade, I've just inserted a Mid-Point line, and just look at the beautiful bounce at the first arrow, followed by another at the second arrow. The third shows how price used the MP line as a consolidation area.
Lovely trade, mate.
Disliked....I'd have put a large bet on this happening. As soon as I have to leave the computer to attend to something else, this happens. Look at that signal in the blue rectangle.
Right on the confluence of S1 and psych line 1.9700, there's what looks like a cross between an inverted hammer and a shooting star, and then a bearish engulfing candle. Look what happens then! An almost unstoppable drop of around 100 pips!
Yeah, pivot points and psych lines don't work, right?Ignored