Psych Levels, Pivots, and Trendlines - Resurrected | Page 155 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,081
  • Jul 16, 2009 12:04pm Jul 16, 2009 12:04pm
Quoting matsf
Thatīs what i want to see (and read) !!
Hello, me old mate!! Wie gehts innen? (Is that right?)
  • #3,082
  • Jul 16, 2009 12:17pm Jul 16, 2009 12:17pm

Almost...

Wie gehtīs Dir ?

is the right expression.
"Ihnen" is the polite form, if you donīt know the person youīre talking to.
"Dir" is a more personal form...

Thanks ev, iīm fine. Reading every single post here, but unfortunately i got some problems at work because of my trading...
Donīt live for working, but work for living.
  • #3,083
  • Jul 17, 2009 12:55am Jul 17, 2009 12:55am
GM all - and thanks for the kind comments - and please post your own charts / thoughts......just as long as they're in line with this thread's S & R indicator free trading.....

@ EV - LOL, I'm still not that brave as to be totally naked......my good old 30 ema for short term trend and comparisons and volume to help sort out the wheat from the chaff.....good luck and many pips.........speaking of which......

I took a Long off the retest of the 6375 area half an hour before FO - there's a small uptrend line on my 5 mim / 15 min charts...BUT the 15m doji at 3:30 GMT shows selling above the 6400 level, so I'll be looking to TP and probably reverse above that level....
Trading Levels with WRBs
  • #3,084
  • Jul 17, 2009 12:59am Jul 17, 2009 12:59am
Long closed in the spike above the 6400 level - it made a Lower High, 2 pips under the earlier spike that I mentioned......I'm now Short - small size until the 30 ema is broken.....
Trading Levels with WRBs
  • #3,085
  • Jul 17, 2009 1:03am Jul 17, 2009 1:03am
Quoting Islander
Long closed in the spike above the 6400 level - it made a Lower High, 2 pips under the earlier spike that I mentioned......I'm now Short - small size until the 30 ema is broken.....
I've taken partials in the spike down to the 375 level and I'll add on any bounce ....... ~35 pips up and then down all in the half before FO.....lol I could almost go back to bed.....
Trading Levels with WRBs
  • #3,086
  • Jul 17, 2009 1:07am Jul 17, 2009 1:07am
GM and nice trades Islander, as usual. Was about to take that last short from the 6400 level only to discover I had not opened my brokers platform!
  • #3,087
  • Jul 17, 2009 1:20am Jul 17, 2009 1:20am
Quoting orientos
GM and nice trades Islander, as usual. Was about to take that last short from the 6400 level only to discover I had not opened my brokers platform!

LOL - easily done when you've just got to your 'puter....

I added another short at 387 - I was hoping for the MS1 level of 395, but it didnt make it......again I've taken partials, this time at the S1 level of 6367......http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #3,088
  • Jul 17, 2009 1:34am Jul 17, 2009 1:34am
Quoting Islander
LOL - easily done when you've just got to your 'puter....

I added another short at 387 - I was hoping for the MS1 level of 395, but it didnt make it......again I've taken partials, this time at the S1 level of 6367......http://www.forexfactory.com/images/icons/icon6.gif
more partials at the 6350 level - also €s at its 4100 level.....
Trading Levels with WRBs
  • #3,089
  • Jul 17, 2009 1:40am Jul 17, 2009 1:40am
Quoting Islander
more partials at the 6350 level - also €s at its 4100 level.....
Wow - some fall - out at the 325 level and took a quick 10+ on the bounce......I think I'll get a coffee and keep my fingers off the trade buttons whilst I do some more analysis......
Trading Levels with WRBs
  • #3,090
  • Jul 17, 2009 1:48am Jul 17, 2009 1:48am
Quoting Islander
more partials at the 6350 level - also €s at its 4100 level.....
excellent analysis & trading islander as usual. didnt take any trades, still dont feel that comfortable on the lower timeframes, i need more screen time
  • #3,091
  • Jul 17, 2009 1:50am Jul 17, 2009 1:50am
Went short as the 30 ema was holding and exited at the 50 level. Out too early, as usual.
  • #3,092
  • Jul 17, 2009 1:52am Jul 17, 2009 1:52am
Quoting Islander
LOL - easily done when you've just got to your 'puter....

I added another short at 387 - I was hoping for the MS1 level of 395, but it didnt make it......again I've taken partials, this time at the S1 level of 6367......http://www.forexfactory.com/images/icons/icon6.gif
Hi Islander, just login, first trade on the break of 63660 exit psych levels 63250....fast and easy.....now waiting for a pull back to 63500 and short again or a break of 63250......
Trade with the momentum
  • #3,093
  • Jul 17, 2009 1:52am Jul 17, 2009 1:52am
Chart for the trades mentioned above......note that after the ultra wide range red candle which was on very high volume, the following green spinning top had high volume indicating profit taking / buying ~the 325 level......now let's see what The Brits do.......
Attached Image (click to enlarge)
Click to Enlarge Name: jly 17 cable 5m 0650.gif Size: 15 KB
Trading Levels with WRBs
  • #3,094
  • Jul 17, 2009 1:57am Jul 17, 2009 1:57am
If you don't like indi's pls ignore. I wasn't even looking at them myself for this one.

Afted daily doji yesterday pa could go either way today, hourly had 2 big wick shooting stars and we are below 1 hr 21 ema. Just thinking sell this am.

After the evening star pattern sold the shooting star exiting at D M1.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5 min.gif Size: 21 KB
  • #3,095
  • Edited 2:29am Jul 17, 2009 1:58am | Edited 2:29am
Quoting orientos
Went short as the 30 ema was holding and exited at the 50 level. Out too early, as usual.

Nice entry for ~20 pips and as you saw, I also took some off there.....IMO this was a € driven / assisted move.....more than I expected, but as Al Larson keeps saying.....after calm (narrow ranges) comes chaos - big ranges......this is the guy that now has 89 consecutive winning months for his clients (S&P trading), so I guess that he knows something about profitable trading....
Trading Levels with WRBs
  • #3,096
  • Jul 17, 2009 2:00am Jul 17, 2009 2:00am
Quoting orientos
Went short as the 30 ema was holding and exited at the 50 level. Out too early, as usual.
There was virtually no pullback from 6350 so I let ride, everything is pointing down for me so just thought it had to have more to run. On the other hand I've had 20 odd pip trades come back and take me out at be or small profit, some you win, some ............
  • #3,097
  • Jul 17, 2009 2:12am Jul 17, 2009 2:12am
Quoting sailor68
Hi Islander, just login, first trade on the break of 63660 exit psych levels 63250....fast and easy.....now waiting for a pull back to 63500 and short again or a break of 63250......
Nice one too.....I'd be careful about currently expecting this to go much lower - the 15 min chart has 2 high volume candles with long downside wicks showing profit taking around the lows and there is good support at the 6300 level with todays S2 2 pips away......also € holding at its S1 level of 4080....
Trading Levels with WRBs
  • #3,098
  • Jul 17, 2009 2:17am Jul 17, 2009 2:17am
Quoting Islander
Nice one too.....I'd be careful about currently expecting this to go much lower - the 15 min chart has 2 high volume candles with long downside wicks showing profit taking around the lows and there is good support at the 6300 level with todays S2 2 pips away......also € holding at its S1 level of 4080....
Also looking on daily mid-end June there are lots of days with big lower wicks so anywhere from here 6300-6320 and down could be volatile. I'll still be looking for sells however until 1hr tells me different. I do however have a family thing on and have to get ready in an hour or so, could just as easily say good trade done and I'm off for some tea, decisions decisions.
  • #3,099
  • Jul 17, 2009 2:26am Jul 17, 2009 2:26am
What the heck, good trade in, I'm off for some tea and then getting ready to go out.

The battle resumes Monday, IF we have a daily close around here or lower will give an evening star pattern on daily. That could mean more downside on Monday. A lot of IF's, we'll see.

Break a leg guys, cheers.
  • #3,100
  • Jul 17, 2009 2:43am Jul 17, 2009 2:43am
OK guys I'm finished for a couple of weeks - some great winners this morning and the pips are going to stay in my bank!

Now to finish provisioning for our 2 week cruise to Corsica and Sardinia. I did the boring stuff like 20 cases of drinking water earlier in the week, now for the wines, Absolute and Mount Gay.........oh the joys of OPM.......
Trading Levels with WRBs
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