Psych Levels, Pivots, and Trendlines - Resurrected

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These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.

If you do not take it, then someone else will...

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These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.

People keep asking me questions. I just follow the rules. I can't tell you when to take a profit or when to stop out. Those are decisions that you have to have the confidence to make for yourself. There are plenty of money management and risk management threads. You enter, you exit. That's trading. Sometimes you win, sometimes you lose. That's the nature of trading.

I can tell you how to pitch a curve ball and I can show you how to pitch a curve ball but until you practice, you'll never learn how to pitch a curve ball.

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These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.

Do not let the simplicity of these rules fool you. Just because these rules are simple and all the other systems out there have intricate, complex, complicated, conflicting, lagging indicator based rules, doesn't mean these rules are not profitable.

Perhaps you doubt the rules I posted work...

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"Beware the man with one gun. He usually knows how to use it"

Red at the line, was worth 25 quick pips.

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Red at the line, was worth 25 + pips.

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Red at the line, was worth 10 + pips.

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Some of you like M5 charts...

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Just be careful if you trade against the H1 candle color.

Where did everyone go? Must be counting all the pips...

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Some simple s/r-trading...

M4N, no personal offend, but:
But does your trading style have in common with "Psych Levels, Pivots and Trendlines" ?

I consider prices ending in 00, 75, 50 or 25 to be Psych Levels. Don't you agree? I (usually) don't use pivots or trendlines. If I do use them, then the rules are the same as always.

These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.

Trendlines...

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Pivots...

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Pysch lines...

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You don't really like people asking you questions, do you, mate?

If this post is intended for me, I thought I answered the last question by matsf fully and politely.

During my time reading different threads and posting stuff of my own, I've come to realize that there's a lot of folks out there who just aren't on the same wavelength as me. But that's ok. It's no problem. All one has to do is ask a question, and 99 times out of a hundred, the question will be answered in a satisfactory and, more importantly, a FRIENDLY way. Over the last couple of days, I, FX007 and matsf have asked you questions regarding your method of trading. Basically, we're interested enough to find out more about how you trade it, mate, which you should be pleased about, I would have thought. I certainly would be, if it was my method.
All we're asking is that you show a little patience, and try and understand that by asking you about your method, we've shown that we're not quite on your wavelength, but would LIKE to be.
I don't want you thinking that you're not welcome on this thread, mate, because, as far as I'm concerned, you are. But only if you're willing to meet the other thread members half-way, and try opening up a bit.

You think the problem lies with me. I have answered your questions. You don't like my answers so you point the finger at me. My method is simple. I have posted the rules. I have posted setups BEFORE THE TRADE HAPPENS so all who want may participate and I posted what happened afterwards. I can't tell you when to exit. I have no idea your account size, risk tolerance, daily goal, etc... Some decisions a trader must learn through experience.

These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.

That is how I trade it. What part of the rules don't you understand? There is no more to it. But you refuse to accept my answer. What's the reason for that? Do you believe that it can't be that simple?

My question to you is, how many times have you traded this week according to those rules? Did you even trade it with a demo account? If the answer is zero and no, then I would question your true intentions.

I have repeatedly stated that this is not my method. I did not invent it. I take no credit for it. I just practice it.

I still firmly believe that you are in the grips of fear whether or not you admit it. "You don't get a hit unless you swing the bat." What is keeping you from swinging? Are you afraid that you'll enter the trade and price will reverse on you? Guess what, REVERSALS HAPPEN! That's part of trading. But guess what, it could spike 20 pips in your direction in the blink of an eye, too. Then you'll wish you had pulled the trigger.

Patience? Half way? What exactly do you want me to do? I won't trade for you. So what else can I do? There is nothing to add to the rules. I believe they are clear and concise. Perhaps you are looking for something else to confirm what you see. Price is at the line, enter trade - that's all there is. Maybe you would prefer, price is at the line, check with many chart window and separate window lagging indicators that are based on some arcane formula to tell you what direction price is moving before you enter the trade. Would that make you feel more comfortable?

I am not trying to be harsh or cruel because the market is harsh and cruel enough. However, I given all I have to give in terms of how I trade. There is nothing else. Perhaps, one day, you'll realize I am telling you the truth.

This thread is about trading Pivots and Psych levels.

To be harsh... we don't give a shit about other systems because we are trading PIVOTS AND PSYCH LEVELS here.

Start your own thread on your system.

Seems like you have an interesting approach that works and that's what really counts.

So - please keep the discussion about trading the system and approach EV and others have worked so hard to improve and refine.

Mike

Open a one minute chart of the EURUSD and watch these levels for one week.

What do you notice?

00
20
50
80

If you see nothing then this may not be for you.

Mike

From post #1 of this thread:

What are they:

1) .5800 level. Anything ending in 00 are the most important psych levels.


I am trading PSYCH LEVELS.

Are you saying the 00,75,50 and 25 are NOT PSYCH LEVELS?

A simple YES or NO will suffice.