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Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
Exit Attachments

Psych Levels, Pivots, and Trendlines - Resurrected

15m AU..................

Morning, folks.
Looks like I'll be hunting around the psych-lines today, as the pivots look a bit cramped for my taste. This trade is as a result of a "stutter" around the xx80 psych-line. Pretty straightforward with entry and exit as shown. SL was set just above the MA cross.
Attached Image
15m EU......

Missed this one due to other commitments, unfortunately. A really nice set-up, with a pull-back to the xx00 psych-level/13ema confluence, and a Dark Cloud Cover candle indicating a high-probability move downwards. Possible entry indicated, with the exit anywhere in the vicinity of the xx80 psych-line.
Attached Image
Quoting eyevoltage
15m EU...... Missed this one due to other commitments, unfortunately. A really nice set-up, with a pull-back to the xx00 psych-level/13ema confluence, and a Dark Cloud Cover candle indicating a high-probability move downwards. Possible entry indicated, with the exit anywhere in the vicinity of the xx80 psych-line. {image}
Nice trade EV, a classic. .
Quoting snail69
{quote} Nice trade EV, a classic. .

It would have been, snail, had I been at the computer to see what was happening. Oh, well, can't win 'em all.
Hi eyevoltage ,

Have you posted your template anywhere. I know its a very simple temp, but I really dont want to play with setting right now.

Thank youu
Quoting Jane_peters
Hi eyevoltage , Have you posted your template anywhere. I know its a very simple temp, but I really dont want to play with setting right now. Thank youu

Hi Jane.

You'll need the TZ indicator (down below). You'll need to set it up for psych-lines only. Dead easy.
Attached File(s)
File Type: mq4 SDX-TzPivots_v4.1.mq4   41 KB | 215 downloads
What MAs our you using now
Quoting Jane_peters
What MAs our you using now

13 and 34 emas
15m EU......

Back to the pivot lines again. After a ranging period in the "chop zone" since before midnight, price finally turned bearish, and after a period of consolidation along a mid-point level, it dropped quite rapidly down to the next mid-point level. Entry and exit as indicated. (The magenta line is a short TL)
Attached Image
Quoting markmm
{quote} No problem EV. This is a excellent method and the 15 min TF is perfect not to short not to long for me. Thanks to Acumen for sharing it and yourself for carrying the torch. Wanted to ask if anyone knows what happened to Acumen he doesn't seem to post anymore? Also wanted to ask, do you expect to see 1 or two setups a day across the 2 main pairs? Regards Mark {file} {file} {file}
Thanks Mark for a very nice indicators.
AUD this morning. After consolidation alongside of MR1 and pullback after entry and exit around R1.

@ Mark: could you move pivot labels to the right ? They cover candles often. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: au 8-19.png Size: 88 KB
Quoting snail69
AUD this morning. After consolidation alongside of MR1 and pullback after entry and exit around R1. @ Mark: could you move pivot labels to the right ? They cover candles often. Thanks. {image}
Good to see you back again, snail, with another chart. Nice trade, mate!
  • Post #8,533
  • Quote
  • Edited Aug 20, 2013 6:21am Aug 19, 2013 11:19am | Edited Aug 20, 2013 6:21am
GBPAUD - M5 - Long

price dropped to S1 during the Asian Session (not visible in attached chart).
it bounced from there and meandered to mS1 by about 1-1/2 hrs. past LO.
consolidated for 4-5 bars across mS1 ultimately forming a bullish engulfing pattern (encircled in gold) at the ma-zone.
a break above that provided the entry.

TP1 : near main pivot (marked).
S/L : trailed to 1.7080 (marked).

hoping to carry balance thru the week...

As i type, price has risen further and seems to have decisively taken out R1.

Update-1

price took out yest's high as well as last week's high (they are both just a few pips apart) and has sailed ~ 40 pips beyond, making a high of 1.7192.

S/L updated to 1.7132 (a few pips below yest's high).

Update-2

good morning, folks!
overnight, price came pretty close to s/l of 1.7132 but then resumed its upward journey as tokyo kicked in.
the latest high made as of now is 1.7296.
S/L updated to 1.7232 (below previous swing) locking in another 100 pips.

Update-3

S/L updated to 1.7282 (below previous swing). 288 pips locked in.

Update-4

stopped out at S/L 1.7282
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud_m5_20130819.png Size: 31 KB
AUDUSD - M15 - Short

was busy when this beauty happened.

price formed a falling triangle across mR1.
the breakdown provided short entry at 0.9190

price quickly dropped almost 3 pivot levels affording clear exits to taste.
a quick painless trade for anyone who took it.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_m15_20130819.png Size: 27 KB
  • Post #8,535
  • Quote
  • Edited Aug 20, 2013 5:29am Aug 19, 2013 2:20pm | Edited Aug 20, 2013 5:29am
gbpjpy_m5_short

price makes a top in the mR3 area and drops off to R2.
a small reaction follows across R2.
the breakdown from there provides the entry at 153.19.

TP1 near mR2
s/l trailed to 153.08 above mR2.

Update
TP2: 152.62 (near mR1)
Attached Image (click to enlarge)
Click to Enlarge Name: gj_m5_20130819.png Size: 23 KB
Quoting pgd
AUDUSD - M15 - Short was busy when this beauty happened. price formed a falling triangle across mR1. the breakdown provided short entry at 0.9190 price quickly dropped almost 3 pivot levels affording clear exits to taste. a quick painless trade for anyone who took it. {image}
PGD, nice trades, indeed.

AUD - continued with cluster below S1 in the evening hours here, but in the morning after Tokyo open there was again set up for trade- after stop below MS2 and finished harmonic pattern (HP) price dropped to MS3, which is also SD level from before several days for AUD.
Attached Image (click to enlarge)
Click to Enlarge Name: au 8-20.png Size: 49 KB
Quoting snail69
{quote} PGD, nice trades, indeed. AUD - continued with cluster below S1 in the evening hours here, but in the morning after Tokyo open there was again set up for trade- after stop below MS2 and finished harmonic pattern (HP) price dropped to MS3, which is also SD level from before several days for AUD. {image}
Thanks, snail.

did you take your short entry while the price was still rising on that one?
Post# 8533 above updated - update 2.
Quoting pgd
{quote} Thanks, snail. did you take your short entry while the price was still rising on that one?
No, no, PGD pending short below that green candle. As you can see there was finished HP. (harmonic pattern)
Attached Image (click to enlarge)
Click to Enlarge Name: au 8-20.png Size: 96 KB
Lunch was nice, so would be this trade... No problem, will see after LO.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 8-20.png Size: 101 KB
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