Psych Levels, Pivots, and Trendlines - Resurrected | Page 21 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #401
  • Sep 12, 2008 7:01am Sep 12, 2008 7:01am
Take a look at this EV. Price have retraced by 38.2% and rising. On previous PA it crossed the confluence of psyche level-1.7650 and MR2-1.7660. Gonna wait what it's gonna do next.
Attached Image
Life is a journey... So is trading.
  • #402
  • Sep 12, 2008 7:20am Sep 12, 2008 7:20am
Quoting fx1dr3r
Take a look at this EV. Price have retraced by 38.2% and rising. On previous PA it crossed the confluence of psyche level-1.7650 and MR2-1.7660. Gonna wait what it's gonna do next.
Fx1, this is how I see it now. Price retraced to the 50% fib/R1-R2 Midpoint confluence and is now heading south. Looks good for an entry below 38.2% somewhere.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd050.gif Size: 17 KB
  • #403
  • Sep 12, 2008 7:25am Sep 12, 2008 7:25am
Entered a short at 1.7688. TP @ 1.7601. Gonna watch this closely coz there are a couple of high impact data from the US at 8:30 AM EST.
Life is a journey... So is trading.
  • #404
  • Sep 12, 2008 7:30am Sep 12, 2008 7:30am
Quoting fx1dr3r
Entered a short at 1.7688. TP @ 1.7601. Gonna watch this closely coz there are a couple of high impact data from the US at 8:30 AM EST.
According to me, price didn't reach 7688. Typo?

EDIT: I hope you jumped ship in time, fx1 !
  • #405
  • Sep 12, 2008 7:40am Sep 12, 2008 7:40am
.. Shorted at 1.7668. Exited at BE.
Life is a journey... So is trading.
  • #406
  • Edited 7:46am Sep 12, 2008 7:44am | Edited 7:46am
Quoting fx1dr3r
.. Shorted at 1.7668. Exited at BE.
Nice one!

EDIT: Gotta go, mate. Things to do, places to go, people to see....

Have a great weekend, mate, and the same to all our readers!
  • #407
  • Sep 12, 2008 7:48am Sep 12, 2008 7:48am
Gonna wait till 12EST before I call it a week. Have a great weekend too EV!
Life is a journey... So is trading.
  • #408
  • Edited 9:30am Sep 12, 2008 7:59am | Edited 9:30am
Nice thread guys. I'm trading with similar tools (5min mainly) on DAX Futs, GU, EU & EJ.

Thanks for sharing your charts. I'm watching EU and GU closely now for another stab north after their next pullbacks. EU in particular. EU might be a slightly better bet given GU now at ADR levels....GU v strong though....

Edit:...will be long EU @1.4111.
Edit:...will move to b/e at my R2 (1.4132).
Edit:...locking in profit now, just below the low of each 5min period. It's been another good week, thankfully. Have a good weekend all.
  • #409
  • Sep 12, 2008 10:28am Sep 12, 2008 10:28am
One picture tells more than a thousand words...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
Donīt live for working, but work for living.
  • #410
  • Sep 12, 2008 10:52am Sep 12, 2008 10:52am
Quoting matsf
One picture tells more than a thousand words...
Now that really is a KISS chart.....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #411
  • Sep 12, 2008 10:54am Sep 12, 2008 10:54am
Normally i trade with MT4 and the pivot points etc., but i canīt use it at work...

It was a great experience, anyway.
Should try this more often...
Donīt live for working, but work for living.
  • #412
  • Sep 12, 2008 1:26pm Sep 12, 2008 1:26pm
Quoting matsf
One picture tells more than a thousand words...
You can't get much simpler than that, mate. Superb!

Cheers
  • #413
  • Sep 15, 2008 3:34am Sep 15, 2008 3:34am
A nice little opportunity almost as soon as I sat down at the screen. Again, no fibs involved; just a small TL and then watching PA and waiting for the right moment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd061.gif Size: 15 KB
  • #414
  • Sep 15, 2008 3:48am Sep 15, 2008 3:48am
This is a chart that I posted earlier in the New Mouteki thread - I've not removed all of that work, so its a little cluttered, but I'm looking for new lows following the gann down channel into the NY Open....TWT http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
Click to Enlarge Name: sep 15 eur 15m 0845.gif Size: 21 KB
Trading Levels with WRBs
  • #415
  • Sep 15, 2008 6:21am Sep 15, 2008 6:21am
Quoting eyevoltage
A nice little opportunity almost as soon as I sat down at the screen. Again, no fibs involved; just a small TL and then watching PA and waiting for the right moment.
Good morning EV and all. That was a good trade, EV. I did similar. I got on the computer at about 3:00am EDT, watched the price action for a while, while I was catching up on reading and setting charts for today's trades. After observing that the priceline was in a 4 hour downside after reaching 1.4480, I decided to take a chance on filling the gap. Caught a nice little 60-pip ride down to 4220, from 4280.

That's about all the trades I'll run today. I'm off to a golf tournament.

Good trading all,
Ed in Virginia
Up or down, gimme a ticket
  • #416
  • Sep 15, 2008 6:26am Sep 15, 2008 6:26am
It's took around 5 hours, but eurusd has managed to plunge by 300 pips. Price is now hovering above the Pivot Point, which forms a confluence with a 0.50 psych-line. What happens next? Stay tuned.......
  • #417
  • Sep 15, 2008 6:35am Sep 15, 2008 6:35am
Quoting eyevoltage
It's took around 5 hours, but eurusd has managed to plunge by 300 pips. Price is now hovering above the Pivot Point, which forms a confluence with a 0.50 psych-line. What happens next? Stay tuned.......
on the sidelines.
Up or down, gimme a ticket
  • #418
  • Sep 15, 2008 6:35am Sep 15, 2008 6:35am
Good day EV! Nice trade earlier! Cable is plunging as well. Around 300 pips from its daily high already. It already broke the confluence of central pivot-1.7854 and psyche level-1.7850, and still falling.
Life is a journey... So is trading.
  • #419
  • Sep 15, 2008 6:42am Sep 15, 2008 6:42am
Looks like there's no stopping them. Down and down they go. I thought there might have been at least a pull-back to the Pivot lines, but price just breezed straight down!

.................and still going down!
  • #420
  • Sep 15, 2008 6:47am Sep 15, 2008 6:47am
Cable's current H1 candle low is 3 points above the confluence of MS1-1.7761 and psyche level-1.7750. Incidentally, price is nearing 261.8% fib level-1.7754 from daily high to the succeeding swing low after the daily high
Life is a journey... So is trading.
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