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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,001
  • Jul 9, 2009 3:15am Jul 9, 2009 3:15am
Edit - found it.
  • #3,002
  • Jul 9, 2009 3:29am Jul 9, 2009 3:29am
Quoting orientos
EV - I had a note somewhere on how to post charts, but have lost it. Can you tell me how please, PM if you like. Thanks.
I use the MT4 platform. I save the chart by right clicking on it and "save as picture". When you go over to the "reply to thread" page and you've typed your message, scroll down and you'll see a "manage attachments" tag. Click on that, and you'll be presented with a screen that will enable you to upload your chart. Click on "choose" and you'll then be able to browse through your drive for the relevant chart. When you've found it, select it and click "open".
Then, on your manage attachments screen, click "upload". After it's uploaded, close the manage attachments screen, and then, when your post is ready, click "submit reply".
Hope that helps, mate.
  • #3,003
  • Jul 9, 2009 3:30am Jul 9, 2009 3:30am
Let's see how this goes. The white arrows on the chart are my entries earlier today.
Attached Image (click to enlarge)
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  • #3,004
  • Jul 9, 2009 3:32am Jul 9, 2009 3:32am
Quoting orientos
Let's see how this goes. The white arrows on the chart are my entries earlier today.
Thanks, mate, that's great. And seeing as you asked so nicely.....yes, you can keep the 30ema, OK?
  • #3,005
  • Jul 9, 2009 3:43am Jul 9, 2009 3:43am
Thank you Sir. Somewhat off topic, but you will be pleased to know I have started studying candlesticks. Just another thing I should have done years ago.
  • #3,006
  • Jul 9, 2009 3:54am Jul 9, 2009 3:54am
Quoting orientos
Thank you Sir. Somewhat off topic, but you will be pleased to know I have started studying candlesticks. Just another thing I should have done years ago.
You won't regret it, mate.
  • #3,007
  • Jul 9, 2009 4:58am Jul 9, 2009 4:58am
A nice trade just finished on 5m cable. Initiated by a break out from a symmetrical triangle, with a fairly straightforward entry and exit. Nice and simple.
Attached Image
  • #3,008
  • Edited 5:25am Jul 9, 2009 5:17am | Edited 5:25am
Hi All,

M15 Entry on the break of the channel and the resistance of psych level 6175 and exit on 6200. Just a few pips but without problem....
Attached Image
Trade with the momentum
  • #3,009
  • Jul 9, 2009 5:41am Jul 9, 2009 5:41am
Another one Eur/Jpy M5 break, buy at 130.00 exit 129.600.....one more time Psych levels....i took another position also on Gpd/Usd, pull back Sell at 6197 exit below 6175 not yet but let we see if it can go near the area of 61500....
Trade with the momentum
  • #3,010
  • Jul 9, 2009 5:46am Jul 9, 2009 5:46am
Quoting sailor68
Another one Eur/Jpy M5 break, buy at 130.00 exit 129.600.....one more time Psych levels....i took another position also on Gpd/Usd, pull back Sell at 6197 exit below 6175 not yet but let we see if it can go near the area of 61500....

Here the chart..
Attached Image
Trade with the momentum
  • #3,011
  • Jul 9, 2009 5:50am Jul 9, 2009 5:50am
Quoting eyevoltage
A nice trade just finished on 5m cable. Initiated by a break out from a symmetrical triangle, with a fairly straightforward entry and exit. Nice and simple.
Nice EV, i didn't use this signal, it was a better entry....
Trade with the momentum
  • #3,012
  • Jul 9, 2009 5:50am Jul 9, 2009 5:50am
Quoting sailor68
Another one Eur/Jpy M5 break, buy at 130.00 exit 129.600.....one more time Psych levels....i took another position also on Gpd/Usd, pull back Sell at 6197 exit below 6175 not yet but let we see if it can go near the area of 61500....
Shouldn't that be SELL at 130.00, mate? If so, great trade!
  • #3,013
  • Jul 9, 2009 5:58am Jul 9, 2009 5:58am
Quoting eyevoltage
Shouldn't that be SELL at 130.00, mate? If so, great trade!
Yes SELL, today a quiet tired, last night i played poker until morning.
Trade with the momentum
  • #3,014
  • Jul 9, 2009 6:07am Jul 9, 2009 6:07am
Quoting sailor68
Yes SELL, today a quiet tired, last night i played poker until morning.

It'll catch up with you, mate.........
  • #3,015
  • Jul 9, 2009 6:13am Jul 9, 2009 6:13am
Quoting sailor68
Another one Eur/Jpy M5 break, buy at 130.00 exit 129.600.....one more time Psych levels....i took another position also on Gpd/Usd, pull back Sell at 6197 exit below 6175 not yet but let we see if it can go near the area of 61500....
About my trade on g/u i closed my trade at 6175, i couldn't wait more for 6150 due of Gpd news, also i had a stop near my entry.... ... have a look of M5 chart, in conclusion everyday have a look of the calendar news...
Trade with the momentum
  • #3,016
  • Jul 9, 2009 7:13am Jul 9, 2009 7:13am
This trade is a result of trying out a slightly different way of trading, incorporating round numbers (00 and 50), Pivots (and midpoints) and the AutoDayFibs indicator that adjusts itself according to new daily highs and lows. Also, I've kept the 13ema, which acts as a trend indicator, but also as an additional support or resistance.
As can be seen, price marched along the 38.2% fib line for quite a while before moving upwards with a bullish engulfing candle, and crossing the 13ema. I have to admit that the move took me a bit by surprise after I entered....I didn't really expect it to move up that strongly. Once price crossed the 23.6% fib line and started to retrace, I bailed out.
Looks quite promising.
Attached Image
  • #3,017
  • Jul 9, 2009 9:23am Jul 9, 2009 9:23am
I bought at the bounce off the 950 level and sold on the hammer for 16 pips
Attached Image (click to enlarge)
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  • #3,018
  • Jul 9, 2009 9:34am Jul 9, 2009 9:34am
Quoting mdowd
I bought at the bounce off the 950 level and sold on the hammer for 16 pips
Nice trade, mdowd.......

If I may.....you don't get a hammer at the top of a move. What you highlighted was a doji. Hope you don't mind me pointing that out.

Still a nice trade, though.
  • #3,019
  • Jul 10, 2009 12:56am Jul 10, 2009 12:56am
GM all - just passing by before I head for the water......the 6325 / todays open levels held with several entry signals for a sell, so I'm short from the break and retest of the 30ema ~ 6308........patials taken at the 275 level and I'm now waiting for FO

Edit: OK, I clucked remainder closed after retest of 275 level held......
Trading Levels with WRBs
  • #3,020
  • Jul 10, 2009 1:37am Jul 10, 2009 1:37am
GM all, first trade of the day, short e/u on the break of 1.4000 but not out yet..
Attached Image (click to enlarge)
Click to Enlarge Name: trade 070709 n10 eur usd.gif Size: 22 KB
Trade with the momentum
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